Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

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Message: Re: Whatever happened to ......

I've changed the name of the thread because the discussion really shouldn't be about one person and what they said in their enthusiasm.

The real problem for everyone isn't that we got pumped up and bought into the dream, it is that when things turned sour we didn't sell. It wasn't the buying that was the problem, but the selling.

For example, all the complaints we're getting from certain people focus on the disappointment of the Feasibiltiy results. That document was released on December 21, 2012. Over the next four days the stock price dropped from about $1.05 to $.81. Even at $.81 that's nearly 5X our current stock price.

Since that time, about 33 months ago, coming up on 3 years, some people are complaining about the FS results but still holding the stock. The anger and bitterness now is being directed at events that happened then, but if the FS was such a disappointment that was the time to sell.

It just seems obvious to me that even if people found out they were duped, or lied to by management, then they should have sold when they found out the truth. You don't sit around for 3 years complaining as if there was never a choice that you consciously made. Maybe you bought because you thought the Salazar Agreement was better, or the Pre-FS results would hold or copper would be in greater demand, but when those things changed investors had to make a decision whether to go forward knowing that information.

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Oct 09, 2014 03:46PM
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