RE: Coco - the rap song1 Jan 2026 17:15
Bailey,
I haven't been here for 25 years, so I really don't have an opinion on the past events. I just got here. Management from what I can see got rid of Doc Holiday, they bought Raglan, and have set themselves clear objectives against which their performance can be measured, chief amongst them is to become a producer during 2026. We will be able to review their progress at the end of Q1 and either continue to hold, or sell up and move on. Had the company carried out many raises, used the money for working capital only with no tangible outcomes, then that would be a clear signal of being a lifestyle company. So, at this point I am giving the BOD the benefit of the doubt.
Coco hasn't presented a balance argument which reasonable PIs can review and decide for themselves. All I have read are war and peace epics about how bad the company is which smacks of someone being bitter about losing money on their bet.
The past is the past. Allow the company/BOD to rehabilitate and demonstrate that they can deliver. Production isn't something that can be fudged. It will either happen or don't happen. If at the end of Q1, I don't see progress, and the SP is down to my exit level, then I am gone. What good can come from continuous moaning like Coco has been doing? We are adults. We know when to hold and when to fold. At least we should know. Happy and a prosperous new year everyone!