Wasted Opportunity!
posted on
May 19, 2016 09:50AM
What an absolute shame to see what the potential of SC has become. The excuse will be "the market" is bad for juniors or base metals don't support a project of this magnitude. At the emd of the day we had an opportunity to structure a JV that would have been 'bullet proof" but for whatever reason the company saw fit to allow Teck to lead them down the garden path and we are "at their mercy" if and when! The leader's lack of experience in marketing and negotating has taken a project that many major mining companies would have "drooled" over to where it sits today. If the company goes to market to raise capital and EE isn't offered or worse still, decides that he isn't interested in any more private placements, that will be a MAJOR red flag for me!