Broken Promises.....Management of this company has a very poor record for meeting goals. Anyone can miss once, twice in a short time would be a concern, but time after time after time might be considered habitual lying.
> On March 17, 2011, management issued a PR stating, "TAG will effectively move into economically viable mineral production in the very near term, the first mineral extraction being gold."
It is now more than 18 months later and NO gold production
> On April 26, 2011, management issued a PR stating, "TAG intends to commence mineral production within the next 3 months, the first mineral being gold."
It is now 17 months later and NO gold production.
> On May 24, 2011, management issued a PR stating, "TAG intends to commence alluvial surface mining for its gold extraction activities, where the soil and ore bearing gold is very close to the surface, eliminating the need to dig deep into the earth."
It is now 16 months later and NO gold production.
> On July 21, 2011, management issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited, anticipates commencing its own organic alluvial surface gold mining operations in the near future"
It is now 14 months later and NO gold production.
> On August 30, 2011, management issued a PR stating, "With the price of gold soaring to $1800 an ounce recently, we believe that the timing could not be better for TAG-Z to commence its own mining operations..."
It is now more than a year later and NO gold production.
> On September 6, 2011, management issued a PR stating, "TAG Minerals Zimbabwe (Private) Limited (TAG-Z), is preparing to utilize a novel, low-cost method for extracting gold nuggets from near surface deposits..."
It is now about a year later and NO gold production.
> On November 17, 2011, management issued a PR stating, "Lantis Laser Inc. (OTCQB:LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) is set to commence our own alluvial surface gold mining operations. TAG-Z's first purchase order for a state-of-the-art HPC-30 Gold Recovery System is being delivered to Harare, Zimbabwe the week of November 28th with full-scale commencement of mining for alluvial surface gold scheduled for the beginning of January, 2012."
It is now 10 months later and NO gold production.
> On January 18, 2012, management issued a PR stating, "Other viable gold mining claims have recently been registered, pegged and staked for Lantis' operating affiliate TAG Minerals Zimbabwe (Private) Limited, which enables expansion of our organic alluvial surface gold mining operations as we enter into production this quarter."
The quarter came and went. It is now 8 months later and NO gold production.
> And there's even a couple more that I haven't bothered to include because I don't have the dates handy but there's STILL NO GOLD PRODUCTION!
No one forced them or coaxed them into making the above statements. It is little wonder that the market is wary.
AI
