Re: Just a thought
in response to
by
posted on
Jan 05, 2024 12:13PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
This has been my exact conundrum for a while now… and was somewhat discussed among posters around Dec 16th…
IF a sale ever happens on any property, its pretty cloudy what would take place.
Because the company has been soooo horrible at sharing game plans, course of actions etc, its very hard to know what’s going to happen if anything at all.
It was suggested only a small portion (20 Mil or so) would be used to further the remaining properties.
Part of me thinks that because fudd and EE (along with other insiders) posses shares, they only way possible that they can get value from said shares is a dividend payment, total sale of the company, sale of subsidiaries (not sure how that gets paid out if CF is still around as a whole), or a rise in SP and a massive dump in shares (which would tank the SP as they would be in the millions of shares being dumped).
But another part of me thinks they might pull a stunt like your questioning… Say 800 million gets sold for say SC and they say we need to keep it all to further explore the other projects, while bonusing themselves handsomely while leaving us shareholders in the cold. As bad as that sounds, I have learned nothing is impossible with this company and as of today its debatable if our ceo has actually ever acted in the interest of the SHs, I mean they don’t even reply to honest questions/emails (I haven’t received a reply let alone answers for my last few emails). I feel anything is possible with this crew. Hell maybe we will get a dividend of maybe 100M from the perhaps 800M and we will get a snarky letter saying to be grateful we got anything at all and we should be ecstatic of the generosity shown. In light of our latest twiters tone to the public…
I may sound crazy, but I still honestly see fudds retirement on the horizon, but he will come back as an independent contractor and just milk tf outa any funds CF has, which leads to the idea that they will in fact retain a huge portion of any sale… Lots of people are working later and later in life. If we look at our latest contract of Jason, we paid what over 70k for literally nothing at all… Imagine the cost to have a previous ceo/main geologist return to contact for cf? 500/hour? 1000/hour? The sky’s the limit when one thinks they are the beez knees but hasn’t performed in the slightest.