Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: I'm confused !!!......

NOTE 13 – SUBSEQUENT EVENTS 

In May, 2018, the Company entered into an agreement to sell 2,500,000 common shares of Champion 

Iron Ltd., at a price of $1.12 per share. The Company recorded a gain of $2,562,500 on the sale. 

 

So they threw away $0.10/share or $250,000 by selling those shares the day they became free-trading....had they waited just 10 days they might have sold for $1.45/share or $3.625 million  and we would have realized an extra $1 million for the kitty (a not insignificant sum for a TSX-V company). ..that could have covered the cost of Mr Smith's  golden parachute, and possibly that of his sidekick  ...I don't know what to say/think anymore, as I am actually flabbergasted by these actions, especially in the context of the prior fiasco regarding the sale of Sx shares!!

 

 

 

 

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