A vehicle for the MD to keep paying himself is nothing worth investing in, and lacking some gutsy drilling Rox actually pays for, what else are people tipping money into this dog for?
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You took it right out of my mouth and I have been saying this for years. IM has played all his salary sustainable cash grab with countless CR and flogging the potentials of Fisher East, Tena and Bonya. Have I miss any other projects? This has been going on for 6 years and no doubt the astute trader could have made a lot of money by looking at chart support and offload as each positive drilling news comes in. Wash and repeat each time.
I see some of the die hards of the past who were knocking my insight of IM's tactics have finally come to the realisation he was just selling a dream. The best thing IM could do is just accept an offer, any offer, and walk away with some $$ so that he can repeat this entire exercise with a band of new investors. I have the JV with DRM in mind and he know the JV with Teck is nothing more than the ability to monetise as much $$ for the company to pay salary. That is coming to an end and he need fresh capital with fresh ventures. It will be gold he is focussing on being flavor for this year. Let me guess, DRM has taken Mutiny's project to commercial success and he will be pushing this front as a junior entry on the coat tails of a proven JV producer partner.
You want cheap entry to a gold producer and I know plenty will be contemplating this but there ain't no free lunch!
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