I appreciate everything that Marc has done for AZ Metals. He resigned this morning before this video was released. The spin out would have been brilliant for protecting shareholder value, especially the NSR (remember Great Bear). It is unknown if it proceeds now. Good Luck Marc.
@@augustbruce the logic I heard is to keep as much intact so you can use those parts to finance the mine build. But let's be honest, they're planning to be bought out. My fear is at these prices it's a take under. My cost basis is much higher, so any spin off gives us a chance to recoup our investment. Great Bear did a 2% NSR, just prior to getting bought out. Then 2 years later the Royalty was bought out, and everyone did handsomely, cost was .12/sh, sold at $2.35/sh. I know guys who made more on that 2%NSR than on the stock buyout. Yes mgmt did well, but we rode it with them. Was a great way to protect their time and hard work developing the resource, when it got prematurely bought out.
@@firedudeW Thanks, I get that---but I am waiting for comments from the big boys Gentile and Grandich, whose cost basis is much higher also, and who so far have been against the spinoffs.
@@augustbruce Gentile has recently talked with the new management and will be interviewed by Peter Grandich on his RUclips channel before the end of the holiday weekend.
I appreciate everything that Marc has done for AZ Metals. He resigned this morning before this video was released. The spin out would have been brilliant for protecting shareholder value, especially the NSR (remember Great Bear). It is unknown if it proceeds now. Good Luck Marc.
So do the spinoffs benefit shareholders or the 12% insiders, and how?
Everyone benefits to the proportion of their share ownership. The more you own the more you benefit.
@@firedudeW Then why are some of the biggest investors, with millions invested against it? He gave no details.
@@augustbruce the logic I heard is to keep as much intact so you can use those parts to finance the mine build. But let's be honest, they're planning to be bought out. My fear is at these prices it's a take under. My cost basis is much higher, so any spin off gives us a chance to recoup our investment. Great Bear did a 2% NSR, just prior to getting bought out. Then 2 years later the Royalty was bought out, and everyone did handsomely, cost was .12/sh, sold at $2.35/sh. I know guys who made more on that 2%NSR than on the stock buyout. Yes mgmt did well, but we rode it with them. Was a great way to protect their time and hard work developing the resource, when it got prematurely bought out.
@@firedudeW Thanks, I get that---but I am waiting for comments from the big boys Gentile and Grandich, whose cost basis is much higher also, and who so far have been against the spinoffs.
@@augustbruce Gentile has recently talked with the new management and will be interviewed by Peter Grandich on his RUclips channel before the end of the holiday weekend.
It irritates me when companies advertise AuEq, AgEq, or CuEq. They can play lots of numbers games like that.
Zero (and I mean ZERO) marketing by this company. Does it actually exist!!!!!?