Replies to post #55060 on Copper King Mining Corporation fka CPRKQ

[private_wealth]

I think you are spot on, here.

Whomever provides that financing is going to want total control of the board and that will include MD's head.

[mariner78]

Chicken and egg situation....

For me, it's getting the mill restarted so that we can get revenue accruing. But if we don't have the various required factors of production on hand (per yours), then we don't restart. So, are we choking to death or bleeding to death ??

In my email to Charles today (in response to the PR), I directly asked if we had either the necessaries on hand to restart production once we finished the upgrade work OR access to a line of credit (either with a financier or a supplier) to get what we need to restart.

I have a bad feeling that MD might have decided that "we need the upgrade, so let's do it" without having actually thought through the fact that we would need to spend money on materials and labor to get restarted, and didn't have that set aside or arranged ahead of time. If that's indeed what has happened, it's managerial incompetence, and we would need to replace MD immediately. I pray that he wasn't that stupidly optimistic/ shortsighted.

In the meantime, I'm still waiting for a response from CM to my questions WRT restarting.....

M78