SCI 2.63% 3.9¢ silver city minerals limited

Ann: Resignation of Managing Director, page-31

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  1. 859 Posts.
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    JFI, that's a good question and I hope you can find the answer and let us know. Also, I don't think the restructure is finished yet. At the meeting on Tuesday 26th Feb (only 2 weeks ago), they mentioned that a new Technical Manager is needed and that some big investors in SCI were unhappy with the loss of the key personel. (At the time I didn't know that of the resignation of another director and secretary - but they would have known about the extent of the cleanout.) In particular, I asked what is to happen to the exploration program that Chris Torrey detailed (and discussed in the interview in Decmeber 2018), because it was the reason for the capital raising afterall. And if they really do have a Iron oxide-copper-gold deposit, then they need to drill deeper (that's the experience at the other IOCG deposits west of Copper Blow). The directors seemed to agree, but said it would be up to the new Technical Manager to decide. IMO the new team needs to act pretty quickly to get exploration back on track and make some announcements. If I have misunderstood the situation, I'm happy to be corrected, amigo.
 
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