Did you catch this on Tuesday? I wasn't around, but a kind e-mail pal gave me the headsup this morning. The Toronto Stock Exchange (TSX) has actually done something about cleaning up the cruddy, shady image of scamster junior miners it quotes on its boards as one of the very worst of the lot, Copper Mesa (CUX.to) has just been de-listed after review. Here's the PR from the 19th:
TORONTO, Jan. 19 /CNW/ - DELISTING REVIEW - Copper Mesa Mining Corporation (the "Company") - Further to TSX Bulletin No. 2009-1680 dated December 14, 2009, TSX has determined to delist the common shares (Symbol: CUX) and the transferable share purchase warrants (Symbol: CUX.WT) of the Company at the close of market on February 19, 2010 for failure to meet the continued listing requirements of TSX.
As you may (or not) know, Copper Mesa was once upon a time known as Ascendant Copper and used terrorist tactics (not joking, check out the youtubes parts 1 to 5), attempted kidnappings of protestors etc etc to try and force forwards its project in the Intag region of Ecuador. After getting kicked out of Ecuador by Studmuffin, Ascendant changed its name to Copper Mesa and tried to hoodwink the world again (and even got pinetree to buy in recently), but now here we are with a de-listed company, thanks to the TSX.
Canadian regulators have always been notoriously toothless in the face of the scamster companies they host, so in my little Utopian dreams I'd like to imagine this week as a turning point and the TSX/OSC and all their pals saying 'no more mister nice guy' to the dozens and dozens of scamster companies out there. Call me naïve at your own leisure at a later date, if required.
Canadian regulators have always been notoriously toothless in the face of the scamster companies they host, so in my little Utopian dreams I'd like to imagine this week as a turning point and the TSX/OSC and all their pals saying 'no more mister nice guy' to the dozens and dozens of scamster companies out there. Call me naïve at your own leisure at a later date, if required.