RE: Wot STILL no commercial production?!24 Oct 2024 10:09
The unknown ATM isn't the production profile, it should be but it isn't. The biggest unknown is the BOD, hear me out....
The CEO's role is run the business in the best interests of the company. The chairman's role is to balance the best interests of all stakeholders. A checks and balances if you will.
For years now Dan has undertaken both roles and it's painfully obvious to all now how important those checks and balances are because there hasn't been any here for a while. Now all of sudden we don't have a CEO and Dan is the chairman. This means that Coris are running the show; then there's Dan and he's supposed to be the checks and balances now. Not sure the jury will need long to deliberate the past evidence of that.
So there you have it, do Coris want the lot for 170m or are they going to operate how Penoles does with regards to Fresnillo, and like the family which owns HOC. A big unknown with vastly different outcomes for shareholders.
Private and shareholders get zilch, operating within the interests of all stakeholders and it's game on and multi bags. There it is in a nutshell, you're no longer investing on future cash flows but rather gambling on Coris' intentions and integrity.