Twitter Power
Junior mining has long been a place where bad management has a free hand to abuse investors. It's early, but two data points is all you need to show the start of a trend, and we have two data points that Twitter is having an influence in ousting some of the bad actors.
Wait, are you the same Anthony Milewski who was involved in that whole Giga Metals abuse of investors? Because when I think of how to save Canadian mining it's preventing things like that.
— latinmines (@latinmines) January 28, 2024
Terminated for cause today. https://t.co/iqwxO4V7jc
— latinmines (@latinmines) May 6, 2024
$ARIC.V sequence of events from what I have been able to gather:
— Double Down Capital (@dd_capital) April 19, 2024
- Robin Birchall, chairman, rejects a deal to raise C$10m above 80c, likely no warrant, good shareholders, without telling board
- He then accepts a bought deal with his former company, Canaccord, at 62c with a…
I exited. Will consider re-entering and in more size than my previous position if they remove the current board Chairman from the board and we have a board that is aligned with shareholders. https://t.co/x0bJ9G25SX
— latinmines (@latinmines) April 18, 2024
More bullish $ARIC.V news than drilling 1,500gm holes https://t.co/OtaqGAOZpA
— Vukasin Pekovic (@VukasinPekovic) May 16, 2024
I think this is good for the sector. It also sends a warning shot across the bow of other management to not go too far over the line.
What I'm going to try to do myself is distinguish more clearly when I disagree with a management decision made honestly versus when management has been corrupt and needs to go.
Full news releases
https://www.nickel28.com/investors/news-releases/nickel-28-announces-senior-management-terminations
https://ceo.ca/@newsfile/awal-resources-announces-board-changes
Full disclosure
I have re-initiated a position in Awalé $ARIC.V