I'd have no problem to sell these shares if it was to turf the board and the mgt execs with their golden parachutes! Leave the remaining 7.8M shares in the hands of someone more competent on a business end. He couldn't sell SX when it was on a tear but no problem to sell CIA at the bottom as soon as they become avaialable!
I hope i am terribly wrong and FNC soars to where it ought to be. But him telling me they have put together a 200,000 budget for a project is just history repeating itself and to of course compensate his two full-time geologists on site.
Where are the deals? Iron ore is hot. He can't do anything with Lac Lamalee??? I would like to see him try and do everything to resist selling CIA shares.
Where's the update on Magpie? The funding? Where are the monies...why do we need more? Where's the budget, where's the plan!!!
He just sucks, plain and simple.
GLA
