Monday, August 25, 2014 2:30:30 PM
Funny, you forgot to mention that Mabwe Minerals was TOLD TO GET OUTTA DODGE BY THE DEPUTY SHERIFF!
Yes, the Deputy Sheriff SERVED MABWE WITH A COURT ORDER GRANTING BASE MINERALS THE RIGHTS TO OPERATE UNIMPEDED UNDER THEIR REGISTERED TRIBUTE AGREEMENT!
Meanwhile.....
Apparently, this is still NEWS to some.....
From the latest 10Q....
Alf CONFESSED that they already have a rather large ($105,778) UNPAID OVERDRAFT on their Cash Account.
They HAD only $13,990 in their Cash Account and they have MORE THAN $1.5 MILLION in Current Liabilities PLUS the UMPAID OVERDRAFT, due and payable NOW! { 8^D
NO "NEW EQUIPMENT" COMING! LOLOL!!!
If even ONE of their creditors, say someone like the farmer, takes them to court to sue for payment, the company would be DONE! Then there's the parent company, RRHI. Because of their parent/subsidiary relationship and their SHARED management, the courts will treat them as one entity. So, if even ONE of RRHI's creditors demands payment, BOTH companies are DONE!. { 8^D
NO "HUGE PROFITS" COMING! LOLOL!!!
The company has ADMITTED that the barite they have stockpiled is essentially WORTHLESS! { 8^D
NO "WORLD CLASS BARITE"! LOLOL!!!
The company has ADMITTED that they DON'T HAVE THE CAPABILITY to further refine the barite to EVEN an acceptable grade! { 8^D
NO "BLAST OFF" COMING! LOLOL!!!
The company has ADMITTED that Steinbock won't EVEN ACCEPT their barite and that they CAN'T FIND ANOTHER BUYER! { 8^D
NO "MEGA DEALS" COMING! LOLOL!!!
The company has ADMITTED that they have NO geologist and THEY CANNOT AFFORD ONE! { 8^D
SO MUCH FORALL THAT CRAPPOLA!!! LOLOL!!!!
By Alf's own admissions, all those touted "partnerships" are completely MEANINGLESS!
BWAAAAAHAAAAAAHAAAAAAAHAAAAAAAAHAAAAAAAAAAAAAAA!!!!
Yes, the Deputy Sheriff SERVED MABWE WITH A COURT ORDER GRANTING BASE MINERALS THE RIGHTS TO OPERATE UNIMPEDED UNDER THEIR REGISTERED TRIBUTE AGREEMENT!
Meanwhile.....
Apparently, this is still NEWS to some.....
From the latest 10Q....
Alf CONFESSED that they already have a rather large ($105,778) UNPAID OVERDRAFT on their Cash Account.
They HAD only $13,990 in their Cash Account and they have MORE THAN $1.5 MILLION in Current Liabilities PLUS the UMPAID OVERDRAFT, due and payable NOW! { 8^D
NO "NEW EQUIPMENT" COMING! LOLOL!!!
If even ONE of their creditors, say someone like the farmer, takes them to court to sue for payment, the company would be DONE! Then there's the parent company, RRHI. Because of their parent/subsidiary relationship and their SHARED management, the courts will treat them as one entity. So, if even ONE of RRHI's creditors demands payment, BOTH companies are DONE!. { 8^D
NO "HUGE PROFITS" COMING! LOLOL!!!
The company has ADMITTED that the barite they have stockpiled is essentially WORTHLESS! { 8^D
NO "WORLD CLASS BARITE"! LOLOL!!!
The company has ADMITTED that they DON'T HAVE THE CAPABILITY to further refine the barite to EVEN an acceptable grade! { 8^D
NO "BLAST OFF" COMING! LOLOL!!!
The company has ADMITTED that Steinbock won't EVEN ACCEPT their barite and that they CAN'T FIND ANOTHER BUYER! { 8^D
NO "MEGA DEALS" COMING! LOLOL!!!
The company has ADMITTED that they have NO geologist and THEY CANNOT AFFORD ONE! { 8^D
SO MUCH FORALL THAT CRAPPOLA!!! LOLOL!!!!
By Alf's own admissions, all those touted "partnerships" are completely MEANINGLESS!
BWAAAAAHAAAAAAHAAAAAAAHAAAAAAAAHAAAAAAAAAAAAAAA!!!!
Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
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