that's just another reason why we will be on the verge of a proxy battle if Peter doesn't come through on this program. His lack of focus and serious mismanagement of his fiduciary responsibilities will catch up to him. He should be running a private company and admit he does not have the wherewithal to run a public company which he has proven.
Stockgreed, in a conversation i had with Peter about a year ago, he scoffed at the idea of Noront drilling up chromite and said they should just focus at E1. Chromite was worthless and he saw no value in all the potential of chromite himself, which was clearly reflected in his drill plan when he didn't even bother with it. So a few years later and hopefully he will have learned a lesson and be ready to join the party.
I do hope Cliff's can scoop up the other companies on the cheap because that will leave more money for them to come after us. We'll see. But our low market cap (it pains me how much lower it could be!), we should be in good shape if a discovery is made.
Also, just remember time is money IMO. And this philosophy can clearly be at odds with a public company of this nature when it can be in their best interest to peter (pun intended!) along and collect all their options and compensation. Because he and Sheridan have a controlling interest, it's very obvious to me they are ignorant to the rest of their shareholders and will just go at the pace they want.
Anyways, fingers crossed on the latest drilling. I suspect it's not a good sign given we have seen zero movement and we must now be on the second deep hole by now. Maybe Noront will come through for us! But i have a feeling it will be Champion Minerals that will come through (again another property we had a 50% interest).
GLA
Eudaimonia