C6C 1.88% $3.80 copper mountain mining corporation

Reincarnation, page-40

  1. 61 Posts.
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    Should have, could have, would have. I see you´re complaining about the possible waiting time for getting dividends paid. Let me remind you on some of your comments.
    Or we can mothball the project and wait.
    I give it 2 years before the whole thing involves completely different landscape.


    AOH have cash to mothball the project and can wait it out.

    We have cash to wait it out.

    I'm expecting a much better deal will emerge if not soon, then within the next 2 years or so.

    So on one side you want to wait for some imaginary white knight who buys Altona possibly for a better price or merges with the company and develops the mine. On the other side it is to hard to wait for getting dividends paid.
    If you take into account the calculation from kpax together with the option to pay dividends with still some debt on the balance sheet(not unusual) and a rising copper price(as you predict) it might as well be a lot earlier than 2025 for the first dividend.

    Plus they've got our $30mil. Snap!
    IMHO it is time to realize there aren´t two companies anymore. So if you say "they" you really say "we".
    all the best and try to get over it
 
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