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Hey Saps, Randy, how is Cougars legal team getting compensated? Asking on behalf of your fellow shareholders :)
https://pro.ceo.ca/@newsfile/dnis-legal-team-agreed-to-take-a-portion-of-their
DNI's Legal Team agreed to take a portion of their payments in Shares
Toronto, Ontario--(Newsfile Corp. - April 6, 2018) - DNI Metals Inc. (CSE: DNI) ("DNI" or the "Company"), DNI announces that some members of the DNI legal team have agreed to take a portion of their payment in Shares. DNI will issue 1,691,562 shares as part of this arrangement, and payment of other debt.
DNI - Canadian Securities Exchange
DMNKF - OTC
Issued: 100,632,580
For further information, contact:
DNI Metals Inc. - Dan Weir, CEO 416-595-1195
DanWeir@dnimetals.com
Saprolities. The relationship was stressed at time of first extension, as CGM was officially late June 30
Given Press release
DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt) (DMNKF:OTC)
FOR RELEASE – March 27, 2017
DNI Metals Completes DA with Cougar Metals – Drilling to start – Saprolite
Graphite Advantage.
Toronto, Ontario - (Newsfile Corp. – March 27, 2017) DNI Metals Inc. (DNI: CSE) ("DNI"
or the "Company")
DNI is pleased to announce the following:
1. The Definitive Agreement “DA” was finalized and signed on Friday March 24,
2017 with Cougar Metals (CGM:ASX) in which Cougar can earn into 50% of
DNI’s Madagascar Graphite Project.
2. Cougar has completed a financing in which it has sufficient funds to complete the
earn-in.
3. NI 43-101 Resource Report must be completed by June 30, 2017
4. NI 43-101 PEA (Preliminary Economic Assessment) must be completed by
October 31, 2017.
5. A$200,000 to be paid to DNI by March 31, 2017
6. U$150,000 to be paid to DNI by June 7, 2017, unless Cougar has withdrawn
from the agreement by April 12, 2017.
7. One of Cougar’s eight drills has arrived in Madagascar, and should be on the
property within a week.
8. Cougar must drill a minimum of 3,000m to a maximum depth of 50m, and
additionally complete 1,000m of trenching.
Saprolities quote. CGM had only been drilling for two and a half months at that point in time and you are suggesting CGM initiated that article? That’s nonsensical.
Fact: CGM agreed to 3000M drilling and a Resource report in 95 days. At 2.5 mths you mentioned, drilling should have been nearly done. Randal said the rig was running 55 meters/day. 55 m x 95 = 5225 Meters. CGM wasen't even in the ball park. After 270 days CGM had only had 1700 meters drilled then. CGM had plenty of reasons to start looking for alibi's since they weren't producing. As to permits, Ive been consistently saying DNI was granted the PE at or near time of property sale, with the requirements of the EIS signoff by the officials, before they can produce. As we know, thats on its way.
CGM hurt both companies by not doing its job. In my lines of work, when someone doesn't do their job, they are a liability and need to be eliminated. In the real world thats how contracts and agreements work. CGM signed a contract and didn't produce. If there were problems, they should have taken steps, sent help, acted like a team player and solved some problems. Randal should have been on a plane to Maddi. This goes to arbitration and CGM loses big. Costs on both sides, and maybe no settlement whatsoever. Id vote for an agreement if it was reasonable as Id like to stop posting on this rubbage LOL.
As to the catalysts you've mentioned, Id like an update and some progress as well. Thanks for postings the share price catalysts.
• 2,320 metric ton graphite delivery to the USA that was due in Dec 2017.
• (“EIE” & “CSR”) Environmental impact and social responsibility studies and obligations.
• Commissioning of DNI’s processing plant
• Results from the 28 ton bulk sample delivered to India in January 2018.
Theres sure to be some we missed.
Randal knows he will lose. Randal already knows he will lose if he goes to arbitration. He has been hanging around chat forums over here since last November, December? For what purpose? Even if he comvinces one DNI shareholder, so what? Randal will have his arbitration day in court. So what purpose would it serve to try to hound DNI shareholders? Saprolities AKA Randal, says on September 12th, how would he know about the mining watch article? Based on his history of not completing work, Randal knew before anyone else, that he was not going to drill the 3000 meters. Randal aka saprolities says that one drill and one driller could complete the work. NO KIDDING!! Competent people using the right drill could and should complete the work of drilling 3000 meters in WAY, WAY less than 9 months! LOL. However, if your a lazy imcompetent driller like Randal, the work will not be completed. He mentions that he stuck his neck out on stockhouse to present CGM's side of the story. For what purpose? To try to cause trouble and ruin DNI shareholders investments, and Randal is surprised DNI investors are not kissing him? Randal already has his day in court booked, so again I say, for what purpose is he here on IHUB, and on stockhouse? Randal aka saprolites, is already talking about a settlement, because the closer the arbitration date comes, the closer Randal comes to losing everything if it goes to arbitration, and HE KNOWS IT!! Randal aka saprolites likes to talk about permits that DNI does or does not have. Randal you are a disgruntled ex employee, fired for incompetence, and no one should be discussing DNI business with you. Randal, you had 9 months to drill 3000 meters, and you couldn't do it!!! No one will believe your pitiful excuses in court. LOL Randal aka saprolites, you are going to lose the arbitration and lose BIG, if you are stupid enough to let it go to court. And I can't wait! Just my opinion.
One of us will be vindicated Checkmate
Either your character or mine will be exposed as time goes on checkmate. If what I have stated is not true surely you or the company could easily disprove it, but you don’t. You just demonise any fact based opinion that doesn’t align with yours or the company’s official position. As a reminder, the very first Miningwatch article was released on the 12th Sept 2017 and it reported on events that occurred in July 2017. That was prior to the release of the first drill results in fact it was a couple of days after DNI announced a financing agreement. CGM had only been drilling for two and a half months at that point in time and you are suggesting CGM initiated that article? That’s nonsensical. In respect to ‘hurting’ DNI, that is not my intention. Don’t forget, DNI terminated the agreement with CGM and it was that decision that has greatly hurt both companies. In respect to the actions of Randal, I do believe he acted in the best interests of his Shareholders. If unhindered, one drilling rig and one driller were sufficient to complete the job in the given time. Therein lays the issue. They were hindered in their operations, and DNI accepted that to a point by allowing the initial extensions. A CEO can monitor progress remotely and doesn’t need to be onsite to oversee proceedings. Randal has stuck his neck out on Stockhouse to present CGM’s side of the story and when you do that someone is bound to want to chop your head off and that’s exactly what happened every time he posted. That’s fair and to be expected. What’s not fair is precisely what you said I’m doing by “only telling one side of the story”. I’d say it’s your character on the line rather than mine. You’ve changed your stance on the permit from being issued to “it’s in transformation”. You denied, dismissed and even laughed at any suggestion of local disputes yet in total contradiction you now admit you knew of the Court of Appeal process that’s occurring between DNI and the Land holders. I’m very comfortable for this to go to Arbitration. It’s clear to me that CGM has the upper hand with all the necessary supportive evidence. My preference though would be an early settlement as that would allow both companies to move forward. I’ll watch for now for updates on the;
• 2,320 metric ton graphite delivery to the USA that was due in Dec 2017.
• (“EIE” & “CSR”) Environmental impact and social responsibility studies and obligations.
• Commissioning of DNI’s processing plant
• Results from the 28 ton bulk sample delivered to India in January 2018.
Looks like Saprolities talked to Randal and decided it was not a good idea to answer my questions.
Theses are good questions. Cougar lovers have good reason not to answer, as any answer they come up with, either implicates Randal or should Saprolities agree with Randals statement, that the one RC drill, one driller and no on site management should have been sufficient to satisfy the contract, he will then sound as bad as Randal. I dont think Saprolities wants to sound as bad as Randal.
Looks like Saprolities talked to Randal and decided it was not a good idea to answer my questions.
Theses are good questions. Cougar lovers have good reason not to answer, as any answer they come up with, either implicates Randal or should Saprolities agree with Randals statement, that the one RC drill, one driller and no on site management should have been sufficient to satisfy the contract, he will then sound as bad as Randal. I dont think Saprolities wants to sound as bad as Randal.
saprolities If there is one thing that rings loudly about your reason for being here, it is your intent to hurt DNI. Your unwillingness to answer questions about how CGM's actions and mis actions, may have affected the business relationship speaks to us. You see, when one avoids the issues from one side, and exaggerates the issues from the other side, so as to suit only his purpose, he loses his credibility and ability to have any affect on others.
Saprolities we are seeing right through to your poor character. CGM CEO Randal Swick refuses to accept any responsibility and looks only to be here, to cause doubts and deception as well. Since you collectively as a group are trying so hard to hurt DNI, you can see where we would have doubts about anything you say, and why we might even think you as a group, had something to do with Mining Watch, the Sumofus bogus piece, the and possibly the sabotaging of the bull dozer.
Again Ill ask, Since you say you are a CGM shareholder, are you happy with the fact that, CGM claims things were difficult, yet they relied on just one driller, and one RC drill, to protect their interest, whereas they had agreed and were responsible to run, manage and work the project to specifications in the contract?
Do you think in light of these alleged difficulties that CGM claimed, they should have sent another employee and that Management (Randal Swick) should have taken a trip to the property?
DNI CEO Dan Weir was there for at least 10 days per month. In your opinion, why didn't, or why couldn't Randal come to the site for even one day? Are you happy with this? For me, it Speaks volumes, as to the importance he gave this project, and to his credibility when claiming he acted responsibly?
Checkmate28
It may not be important to you.
But I’m not so sure all DNI investors would feel the same way about non-disclosure. I think the verdict you are referring to would be from the December 2017 Court hearing. The outcome of that hearing in the Court of First Instances was not fully in DNI’s favour and confirmed dysfunction and abuses by DNI toward the Landowners. The case was then referred to the Court of Appeals with the hearing scheduled for the end of February 2018. I could be wrong on this point, but as far as I’m aware that decision is yet to be handed down. I fully agree with you on one point though Checkmate. The company is not required to disclose information relating to local issues that may currently be under negotiation, but this is now well past the negotiation stage. DNI, as part of the CSE listing rules, is required to advise their shareholders of any current legal proceedings which it clearly has failed to do in their answer to question 12 in the last three CSE Monthly Form 7s.
In reference to your comment “Now as always, there might be someone not happy, an opportunist looking for something not deserved, but I believe in this case, the people who are complaining are not the locals who own the land, but rather persons outside the immediate area. Can you confirm different?”
Yes I can. As you would be very aware, Madagascar is rife with corruption at all levels of administration/authority. Taking that into account, the Landowner’s Legal Team put certain high level officials on notice prior to the Court hearing. This letter was sent to the Gendarmerie Nationale Secretary of State, Toamasina Group Commander and Brickaville Company Commander prior to initiating the court action. A similar document was sent to the BCCM. It’s from the miningwatch website but it’s not a miningwatch article. It not only portrays a very different story to yours regarding the locals but it also confirms the Court’s position on the current status of the permit, documenting it as a PRE in the name of Mamy Randrianasolo.
https://miningwatch.ca/sites/default/files/press_release_sif_dni_metals.pdf
The rest of your post relates to matters that will be dealt with in the Arbitration Hearing. They have been thrashed about ad infinitum on forums so there is no point going around in circles with that debate anymore. CGM has maintained the same position from the onset but DNI seems to be telling an evolving story. The Arbitrators will take all of these factors into account when they make their final ruling.
I noticed on stockhouse that floridas2000 wants news. I’m sure investors would value updates on the current status of the following;
• 2,320 metric ton graphite delivery to the USA that was due in Dec 2017.
• DNI’s processing plant proposed to be constructed by Jan 2018
• Results from the 28 ton bulk sample delivered to India in January 2018.
Saprolities, You said I’m referring to the court actions between the Landowners and DNI, however, it’s not quite as simple as you make it sound and it’s not over yet. The case has been ongoing since Dec and is now, I believe, in the Court of Appeals. I would have thought DNI would be required to disclose that information to shareholders in their last three Form 7’s.
Do You have some more info on that, because I believe the appeal was heard in February and sided with DNI ?
As to disclosure to an event like this? Its not important to me. Let me explain.
On a site visit, Id spoken with some locals and have seen the job DNI did at the property. Im satisfied DNI is listening, with intentions to fully work and cooperate with the local peoples and officials. Locals seem happy to have a company, that will provide them with many good jobs and $ to provide improvements in the economy and to the standard of living for the whole village. DNI has already provided them running water wells and roads for their use to get themselves and their large animals from the bush to the river or town road. Now as always, there might be someone not happy, an opportunist looking for something not deserved, but I believe in this case, the people who are complaining are not the locals who own the land, but rather persons outside the immediate area. Can you confirm different?
Also any mining company in Canada who has an issue with locals or distant first nations is not publicly disclosing every issue?
Since you say you are a CGM shareholder, are you happy with the fact that CGM, claims things were difficult, yet they relied on just one driller, and one RC drill, to protect their interest, where they had agreed and were responsible to run, manage and work the project?
Do you think in light of these alleged difficulties that CGM claimed, they should have sent another employee and that Management (Randal Swick) should have taken a trip to the property?
DNI CEO Dan Weir was there for at least 10 days per month. In your opinion, why didn't, or why couldn't Randal come to the site for even one day? Are you happy with this? For me, it Speaks volumes, as to the importance he gave this project, and to his credibility when claiming he acted responsibly?
Saprolities I hope you can answer these questions because I am having trouble understanding CGM's expectations in light of these facts.
I do however understand why you and Randal would be trying to protect your investment and get all you can, but the motives appear selfish in nature.
Checkmate28 JMHO
Randal sap on stockhouse. In case anyone doesn't know, that sap AKA Randal is on stockhouse now, doing his usual fake news about DNI Metals. Just my opinion.
Yes checkmate
I’m referring to the court actions between the Landowners and DNI, however, it’s not quite as simple as you make it sound and it’s not over yet. The case has been ongoing since Dec and is now, I believe, in the Court of Appeals. I would have thought DNI would be required to disclose that information to shareholders in their last three Form 7’s.
I’ll answer your other questions in order;
No
Not with the current uncertainties
Yes
No, just my investment.
Sapper I have no idea what you are talking about. I did searches and didnt come up with anything. The earlier Miningwatch info of unfair practices towards land owners was heard by the court and they found no wrong doing from DNI.
My opinion there was, just as the USA and CA has ambulance chasers looking to make a buck, there are always people looking to squeeze unearned and undeserved dollars from anywhere they can get them. NPO's and Madi newspapers can be paid or influenced to write any story.
Please tell us, What non disclosed info is there that we should be concerned about?
Please tell us, what are your motivations to be here spending so much time to tear down DNI?
Are you a DNI shareholder?
Are you a looking to be a DNI shareholder?
Are you a CGM shareholder?
Are you here to protect innocent persons?
Please dont forget the last questions
Checkmate28
Randal your wasting your time. Randal as saprolites. You can bring up anything you want about DNI Metals or even other matters. The facts are, you were fired for not completing your work, Using the wrong drill. Not doing a PEA. Sending only one worker to Madagascar. Randal, you are trying your misdirection as usual, bringing up unrelated matters to why you were fired. Randal the magician. Too bad you didn't work one tenth as hard trying to complete your work, as you are trying to trick people. You are nothing but a fired disgruntled ex employee, trying to make up, or find dirt on your former employer, to try to seek revenge and get something out of DNI Metals that you could not earn out of laziness and incompetence. I hope they slam you hard in arbitration, and when this over, no one will do business with you ever again. Just my opinion.
The question was related to non-disclosure
No checkmate, that’s not the news. What I’m talking about isn’t new but it’s certainly current. It’s more official in nature than those types of news articles and press releases. If you don’t know what I’m referring to, DNI’s Country Manager in Madagascar should be able to bring you up to speed. When you said “The company position is that there are no disgruntled landowners on the properties that DNI is working on”. Can you qualify that by advising how many properties DNI currently is working on? As I stated earlier, the questions relates to Company non-disclosure.
Sapper Yes I stand by my previous opinion. Nothing has changed. I believe Mining watch Tany and Sumofus are all selfishly looking to help themselves.
This the news your talking about?
https://the-sumofus.pissedconsumer.com/sumofus-donation-scam-20140421483747.html
The company position is that there are no disgruntled landowners on the properties that DNI is working on
My position after having walked the property and spent some days with the locals at Vohitsara is that they are extremely appreciative of the way DNI is improving their way of life in the areas. There may have been some things DNI inicially wronged but when allerted to the problem, they solved the issue.
DNI drilled them a water well,
built them a road that they now use to bring their animals from the bush down to the town or river.
DNI built them a state of the art soccer field sod and all and provided real soccer balls
DNI spoke with important locals about wanting to help develop their school up thru the high school level and to help with a medical facility.
As far as I know, they planted 2 trees for everyone they hurt.
The locals there are kind and poor. They are looking forward to the work and growth of their local economy that DNI will help them with.
Apouse Sap is correct, Madi is not issuing any new permits.
They are however, working with the current permitted companys. DNI currently has the PE mining permit that allows them commercial production after they get their final Environmental study approved. The mining commission, is currently working on getting this approved at which point DNI can commercially mine and sell graphite. Without the PE permit, they would not have been able to explore, dig and drill the property and would have been shut down a long time ago.
Randal and his pack have been out here twisting words so as to create fear and to hurt DNI. I also believe, he has something to do with the other issues brought up out side, Mining Watch BumsRus site (DID I SPELL THAT RIGHT?)
All IMHO Checkmate28
Yes there is apouse.
It's the issuing of permits that's suspended not specifically the EIS.
It's not the most pressing current issue for DNI though. Here's the link,. It will be in French so the translation is below.
http://www.midi-madagasikara.mg/economie/2018/03/07/bcmm-la-delivrance-de-permis-encore-suspendue/
BCMM: Licensing still suspended The Director General of the Mining Cadastre Office of Madagascar (BCMM), David Ratsimbazafy, raised the issue that the issuance of mining permits is still suspended. " We do not receive any new requests so far. And speaking of the situation in the mining sector, only 10% of license holders apply for a license to operate, "he said. And he goes on to say that any mining operator who wants to be a professional has the obligation to keep a formal operating plan indicating the evaluation of its production in the coming years, the creation of jobs, the materials and equipment used. as well as his investment decision. " This will make it possible to evaluate the receipts that will be collected by the State as well as the profits that the mining operator could draw from them. The evaluation of the contribution of the operator's mining activities to local socio-economic development is not left out. The goal is to clean up the sector in partnership with the mining administration to avoid the speculation of mining permits , "concluded the BCMM Executive Director.
That wasn’t my question.
Is there a link to any information regarding the Madagascar government halting the issue of environmental permits?
I couldn’t find anything online.
It's not the EIS apouse
The EIS is loosely related but it's not the EIS. The information in respect to what I'm asking checkmate about in Madagascar is readily available on the internet. I'd prefer him to inform the forum of anything he may be aware of that hasn't been announced by the company.
Is there a link to any information regarding the Madagascar government halting the issue of environmental permits?
Randal as Randal. Randal if you want posters to believe you are someone else, and I don't blame you for that, it would really help if you didn't sound so much like yourself. Randal, you have many posts on stockhouse before coming here on IHUB, and like your last post here, you sound pure Randal, ending your post with another uncertainty about DNI Metals. Randal and saprolities are the same person, as if you are fooling anyone, outside of Hot Copper. Just my opinion.
Has anything changed checkmate?
Traderfan mentioned a miningwatch article on this thread nearly six months ago in Oct last year. The article was dismissed, even laugh at, by checkmate at that time with these comments;
“Trader what bad news? If your talking about the article still, thats a non issue. Im laughing that one off since I know the writer is clueless through personal conversation with him. I dont think thats having an influence on nearly anyone”. “Also dont think the company is worried either.Sept 12 and Sept 27 Bogus Mining watch smear piece put out. Fact DNI has the correct permits! The rest was bogus as well”.
And this comment about DNI's response;
“I dont think DNI would put this out unless they were thoroughly sure. Miningwatch and Beaverhead can try as they may posting drivalous words”
Do you still stand behind those comments checkmate or is there something currently happening in Madagascar that investors should have been informed about?
Nice try Randal, you're saprolities. Randal, I heard enough of your past posts to know how you operate. That ending of maybe I am in the dark too, is pure Randal. Always making it sound like every DNI shareholder is in the dark, without having the courage to come right out and say it. Trying as always to spin a little uncertainty in DNI shareholders. Didn't work Randal. DNI shareholders know that DNI Metals is a great company. Randal the magician, always with the misdirection, trying to fool everyone. If you want answers about DNI, call them. However you won't, will you Randal? Randal, we are not Cougar shareholders here, always falling for your spin. Just my opinion.
Is rrten checkmate?
If not, who rattled your bucket rrten? The question was addressed to checkmate. I've stated before, and once should be enough, I'm not Randal and he has stated he's not me. You can believe what you want rrten. Maybe you'd like to answer my question on behalf of checkmate then rrten or are you being kept in the dark too.
Randal is saprolities as usual. Randal stop asking questions under saprolities. If you want to ask questions about DNI Metals, ask under your own name, and stop all this foolishness. Randal, you are not fooling anyone. Just my opinion.
Question for checkmate
Hi checkmate. You have a very good understanding of DNI’s operations in general and keep up to date with what’s happening on the ground in Madagascar. Bearing that in mind, did you notice anything missing from DNI’s Dec 17, Jan 18 and Feb 18 Form 7 in the answer to question 12? Is there anything happening in Madagascar that wasn’t mentioned in DNI’s response that should have been?
Randal's Invincibility Complex. Randal in my opinion believes he can get away with anything. Randal doesn't want to take responibility for his actions in getting fired in Madagascar, for not completing the drilling he was supposed to do. He would rather blame DNI Metals for his troubles. Randal couldn't drill 3000 meters in 9 months, let's take off down days, still leaving at least 220 days to drill 3000 meters, which he did not complete. Randal couldn't do a 43-101. Randal went to Madagascar only once in all that time. He sent only one worker. He sent the wrong drill. He didn't pay money owed DNI Metals. Randal was given extension after extension, and still couldn't complete the drilling. Then he still blames DNI. When you are like that, you must have what they call, an Invincibility Complex, meaning you believe you can get away with anything, not fulfill contracts, mislead shareholders, etc. Randal is about to find out, like others who had this complex, that it finally catches up to you, sooner or later. Randal's massive loss when he gets to arbitration, will show him that you just can't get away with everything in life. Just my opinion.
Checkmate28 is right on target.
BryanC Well said in short words
BryanC Note to Randal, I have been an Engineer for over 35 years. If I do not finish my requirements of the project on time, for whatever reason, I am the one who is in "trouble", not the client (or partner). I am the one who may get laid off or lose follow-on work. The client (or partner) does not care why I did not finish, even if the cause was beyond my control. I have to take action to reduce my risk, mainly by working aggressively early in the program, expecting that unforeseen events may delay my progress.
Randal just quoted in last post What more can I say Checkmate? Well Randal, you can say this, "I should have taken action to reduce my risk, mainly by working aggressively early in the program, expecting that unforeseen events may delay my progress. When the unforeseen events showed up, I should have been proactive and sent more help and resources. More importantly I should have showed up myself at the 1st sign of trouble, to access, manage and make the necessary decisions to mitigate the risk of being late"
Randal? Taking responsibility would get you a standing ovation and much respect from us here as well as your currently share holders at Cougar
Still don't understand why you would leave this much responsibility on your one driller?
Checkmate28 JMHO
Randal is not doing to well. Randal, DNI Metals asked you to drill 3000 meters in 9 months. Let us say after your excuses for down days, 250 days to drill the 3000 meters, and do a 43-101. Now you blame DNI for not completing your work. Why don't you take responsibility for your own actions. You only went to Madagascar once. You sent only one worker. You sent the wrong drill. You were given extension after extension. You didn't pay DNI the money you owed them. Do you actually believe an arbitration court is going to take your side? You will end up paying DNI for wasting their time and money. Just my opinion.
Hi BryanC. That doesn't sound right to me. If you are an engineer with 35 years of experience you would know that default events are varied and are detailed in each specific agreement.
If you would like to discuss it further, engineer to engineer, send me an email.
Thank you Checkmate28 for your research on this debate. Note to Randal, I have been an Engineer for over 35 years. If I do not finish my requirements of the project on time, for whatever reason, I am the one who is in "trouble", not the client (or partner). I am the one who may get laid off or lose follow-on work. The client (or partner) does not care why I did not finish, even if the cause was beyond my control. I have to take action to reduce my risk, mainly by working aggressively early in the program, expecting that unforeseen events may delay my progress.
Randal's dream world. Randal says that they were on course to meet their obligations with the 43-101? EARTH TO RANDAL!! What year are you talking about finishing the 43-101, 2025? I know, you were talking about a year on Mars, which is 687 days. I don't think that would be enought to finish the 43-101 and the drilling for DNI. You would need more than a Martian year, with the work rate of you and your team. Randal you should pick another planet like a Jupiter year. Of course you would need to bring the right drill to finish the work. Something you are incapable of doing. Just my humble opinion
Checkmate -
Inferred resources are perfectly fine for a PEA to Ni43-101 standards.
You can check that with DNI's country manager as he is qualified to report under that standard.
Regardless, the flake size distribution is of interest and to answer your question we would use surface trenching and selected core samples taken with the aircore rig using a dry core barrel. That would have been done towards the end of the program after the metallurgists had an understanding of graphitic carbon distribution throughout the resource we were defining.
What more can I say other than we were on track to meet our obligations in respect of the Ni43-101 standards.
I've said enough regarding the delays. If we were asking for an extension that we were not entitled to then we have a problem, but we believe we were entitled to a further extension for the reasons stated previously.
Ref, Randal is getting pummeled. Randal Swick CEO of Cougar Metals is getting pummeled trying to defend his pitiful position on the lack of drilling on DNI Metal's property in Madagascar. It is a well deserved beating for Randal, however it is hard to watch as Randal is being completely destroyed with useless reasons, and lame excuses why he couldn't drill 3000 meters in 250 plus days. His trainers, lawyers, should throw in the towel, and stop this before Randal is permanently hurt, and psychologically damaged. Ref this is a blood bath, Randal should throw in the towel. Just my humble opinion.
Mr Swick You claim you agree with Andrew Scoggins, but obviously its a selective agreement.
Lets try this again. Graphite exploration – the importance
of planning Author Andrew Scogings, Industrial Minerals Consultant*, looks at the different exploration and
testing methods and reporting conventions used by the graphite industry
(RC) = Reverse Circulation DD = diamond core drilling
Scoggins Quotes
RC is a type of percussion drilling that uses
a hammer to pulverise the rock into powder
and chips, which are brought to the surface by
compressed air RC is a useful way of infill drilling between DD section lines to
demonstrate geological and grade continuity, as it is quicker and less costly than DD. DD is however the preferred method of exploration drilling for graphite.
Inferred Mineral Resources represent material that is considered too speculative to be included in economic evaluations. SO how do you form a Preliminary Economic assessment without any flake size distribution. The different flake sizes fetch different $/tn. Without that your in the dark and its a given that the RC drill pulverizes the flakes like Skoggins said.
As to your claim that DNI have never claimed that aircore drilling was inadequate
Reference PR
https://webfiles.thecse.com/2017-12-01_-_PR-_Cougar_Metals_Default.pdf
In July 2017, DNI’s board ascertained, that Cougar’s R/C drilling rig, would not provide proper samples to determine the flake size distribution of the graphite. DNI brought in and paid for 1,040 meters of Diamond
core drilling, which was completed in 60 days, to determine the flake size distribution, and to provide a better evaluation of the property.
Randal Quote
In regards to available days to drill I just highlighted two of the categories of days we were unable to drill due to conditions beyond our control. Again I don't see what point you are trying to make in respect of the dispute that exists between DNI and Cougar.
My point is From March 24th to the Dec 1 default date, there was 253 days to drill. Your company only managed 1700 Meters drilling in those 253 days when you promised 3000 Meters and a full NI 43-101 resource report in 90 days. You then made excuses after you were defaulted on and blamed DNI after the fact.
Randal is here, saprolities has gone. Randal, I guess you have dropped your other name for now, because you are losing the discussion on DNI drilling do badly. DNI metals had a Letter of Intent, but they don't mean anything, just like any letter of Intent on Cobalt in Chile, or Lithium in Brazil. They all mean nothing. No agreement of any kind. Just my opinion.
Checkmate.
I agree with Andrew Scoggins. Aircore drilling does degrade the flake size as I mentioned to you in previous posts. Diamond drilling has its place but for a PEA to Ni43 101 standards at Vohitsara diamond drilling would not be necessary. This is not just my view, it was the view of the resource geologists who were in charge of the resource report. They actually confirmed the situation with the regulators of Ni43-101. I'm not sure what your point is here anyways as DNI have never claimed that aircore drilling was inadequate. No doubt Diamond is better but it is very expensive and, in my view, unnecessary at this stage of the project and certainly unnecessary for Cougar's earn in obligations.
In regards to available days to drill I just highlighted two of the categories of days we were unable to drill due to conditions beyond our control. Again I don't see what point you are trying to make in respect of the dispute that exists between DNI and Cougar.
Randal, "I am the CEO of Cougar" Not for long. You losses are staggering. Randal you are running out of money. The discount you will have to give to raise more money at maybe one third a cent is laughable. DNI Metals had a Letter of Intent. However it didn't mean anything like a letter of Intent on Cobalt in Chile, or a Letter of Intent on Lithium in Brazil. Just my humble opinion.
Randal, Lets clear the air about that RC drill. Everyone else I urge you to chug through these papers from Skogins. Go to the links and read the articles Learn baby learn.
Given: Dr Andrew Scogings Bio
PhD (Geology), MAIG, MAusIMM, RPGeo (Industrial Minerals)
Dr Scogings is a geologist with more than 25 years’ experience in industrial minerals exploration, product development and sales management. Andrew has published papers on reporting requirements of the JORC Code 2012, with specific reference to Table 1 and Clauses 18 and 19 (industrial mineral Exploration Results) and Clause 49 (industrial mineral specifications). He has published numerous articles on industrial minerals in Industrial Minerals Magazine, SEG Mining News, AIG News and AIG Journal amongst others, addressing aspects of QA/QC, bulk density methods and petrography for industrial minerals exploration. He was recently senior author of two significant reviews: Natural Graphite Report – strategic outlook to 2020 and Drilling grade barite - Supply, Demand & Markets published in 2015 by Industrial Minerals Research (UK), and has co-authored several papers ranking global graphite exploration projects. Andrew is a Registered Professional Geoscientist (RP Geo. Industrial Minerals) with the Australian Institute of Geoscientists.
Now I think its clear, Dr Andrew Scogings knows his Industrial metals and reporting requirements as good or better than anyone.
------------------------------------
Definition for those not familiar with JORC Code 2012
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code') is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves.
Reference This bulletin by Skogings on Industrial Mineral (aka graphite) resource estimation. Its really a good read.
www.klipstone.com.au/wp-content/uploads/Public-reporting-of_Aus_IMMBulletin_Jun2014.pdf
Page 2 offers the following text JORC 2012 Clause states that Industrial mineral resources and reserves must be reported in terms of mineral specifications. This is mandatory!!
Page 3 #4 offers the following text
Public Reporting of Industrial minerals Resources according to JORC 2012
Industrial mineral performance or size classification can be effected by the drilling method used, something that is not always recognized by industrial minerals explorers ( Randal Swick comes to mind) he goes on to say Similarly reverse cycle drilling will very likely result in reduced flake size of minerals such as graphite, or in changed aspect ratio of acicular wollastonite, resulting from communication by the hammer action drill bit. Based on the authors experience, RC drilling may reduce the average size and population distribution of mineral flakes significantly compared with DD diamond core drilling as illustrated in Fig 2
Skogings also states when not statings the specifications correctly, you run the risk of being seen as misleading to investors and regulators.[color=red][/color]
---------------------------------------------
EVERYONE SHOULD READ THIS. ITS AN EXCELLENT PIECE and should give you confidence that DNI was in the right to expect the Core drill.
http://www.csaglobal.com/wp-content/uploads/2016/01/Graphite-Exploration-The-importance-of-Planning-p-42-26-Andrew-Scogings-Industrial-Minerals-Dec-2015.pdf
RC = Reverse Core DC = Diamond Core
RC is a type of percussion drilling that uses a hammer to pulverize the rock into powder and chips, which are brought to the surface by compressed air (Figure 3). RC is a useful way of infill drilling between Diamond Core section lines to demonstrate geological and grade continuity, as it is quicker and less costly than Diamond core DD is however the preferred method of exploration drilling for graphite, as the graphite flakes and host rock are relatively undisturbed when retrieved as core...... Randal you have it backwards. Scogings says use the Diamond Core to explore, then the RC to infill. This is why DNI had to bring in and pay for the RC drill, since CGM would now, even under advisement from DNI. Im sure you also know DNI had advisors on the ground informing them as to what was needed to get the job done properly.
Randal, you asked for documents. This one was your requirement for the earn in.
iv. The Program shall be conducted in such a way as to not unreasonably hinder future development of the Property and shall be based on sound mining practice and other applicable industry standards and practices and in material compliance with the terms of all applicable permits and laws. Randal thats a requirement you failed to meet. Drilling with the RC drill qualifys as hindering future development as I see it. Also as Skogings notes doing it wrong is misleading to investors and regulators
Randal More good stuff for you to learn.
http://www.klipstone.com.au/wp-content/uploads/Reporting-industrial-minerals-IM-Website-20160607.pdf
Avoid regulatory hiccups – review your public statements Andrew Scogings* and Ivy Chen* outline reporting according to the JORC code. Industrial minerals such as graphite, and more recently lithium minerals, have become the focus of attention for listed exploration and mining companies, mainly due to developments in rechargeable battery technologies related to the emerging electric vehicle market. Consequently the race has been on to acquire tenure, report larger exploration targets and resources and to tell the market why one project has merits above and beyond a competitor. Additionally, the competition for scarce investment dollars across the entire resources sector has inspired innovative exploration approaches, as well as creative ways to tell the story of exploration success. The requirements for public reporting however remain clear, and adherence to the JORC Code is essential. Misunderstandings of the application of the JORC Code and its interaction with corporations’ law have led to recent issues with public reporting by industrial minerals companies. Industrial mineral resources or ore reserves must be reported in terms of mineral specifications; it is not only about tonnes and grade. Further ramifications apply to the classification of mineral resources and for the application of modifying factors during technical and economic studies
Randal Im including a copy of your Bios. Im sure your an accomplished driller, but when it comes to graphite, your bios pales when set next to Skogins.
Randal Swick, Managing Director
Randal Swick is a mechanical engineer with 25 years experience in the mining industry with a focus on gold and nickel exploration. And nickel exploration. He was a founding director of Swick Mining Services. Randal brings considerable knowledge gained from experience as a drilling contractor and from his first hand involvement in the management and operation of several private companies involved in exploration and mining throughout Western Australia, Uruguay and Brazil in both the surface and and underground environments.
I dont see anything about Graphite mining specialist here.
Checkmate28 JMHO
Since you asked my relationship to DNI. Im a share holder who doesn't like someone misrepresenting my investment company.
Randal Your exact words
RS Quote
In respect of your claim that we should have sent more rigs and drillers, you are completely off base. The driller was a seasoned operator capable of running a multi rig program. He was a senior man in our group and more than capable of completing the work within the timeframe. The rig was producing up to 120m per shift but would typically drill an average of 50 or 60 metres due to the difficulty in moving around the area. The issue was not the number of rigs but the number of available days to drill and part of the arbitration proceedings between Cougar and DNI revolve around this issue. Cougar claims that many days were lost due to matters beyond its control, including 42 days when we were told to stand down while DNI negotiated with landholders and 28 days in October when our driller was removed from site by the police following a complaint by DNI, accusing him by name, of illegal conduct.
You were there 240 days. Your complaining you couldnt work 70 of those. If we take your word, you still had the rest of the days for your driller to get 3000 meters drilled where you say your driller was averaging 55Meters/ day. Things arn't adding up.
DNI press release dated March 27 2017 mentioned the
9. The Saprolitic advantage of DNI’s graphite project, will simplify drilling for Cougar’s experienced team. Cougar completed a drill program of a Saprolitic graphite deposit in Brazil, in 2015/2016.
Obviously you knew things were not going timely since your numbers were way down from the beginning. Its there where you should have protected your interest and sent help, and made the trip yourself to see first hand and make the adjustments. It there where you could have brought up and documented any issues but you chose to leave it all up to your one driller. Instead, after a default 7 months later, we hear you blaming DNI.
Im going with one driller was not enough and things are just not adding up.
Checkmate28
Checkmate.
Yes I am the CEO of Cougar, but what exactly is your relationship with DNI?
The "fact" you quote that DNI hold a PE over the property is in dispute. I have said enough on that issue.
In regards to the Cougar "team" you referenced, at no point did I say it was limited to a driller in Madagascar. That is another false narrative that you have chosen to run with. Drilling is an important aspect for sure, but it was overseen by DNI's own QP and further consultant geologists who then would prepare a resource report to NI43-101 standards.
That resource report would then fed into a PEA desktop study performed by other consultants who have performed similar studies.
These guys were in the background working on what they could but the drilling was on the critical path.
An aircore drilling program does not hinder future development of the project. I have no idea of how you could claim that a series of 100mm holes in the project could have such an affect. What's left behind is the same as from a diamond drill hole and I suspect you know this all too well.
Now aside from that, what is the point that you are trying to make in relation to the agreement between DNI and CGM?
Cougar invested serious money on this project. We will rely on the terms of our agreement to protect that investment. To think that it is just a simple matter of Cougar not meeting a deadline and Cougar can be kicked out with no recourse is fanciful and intellectually dishonest.
You are in contact with Dan so I know you have the full set of facts.
Randal Swick CEO of Cougar Metals First some given facts.
DNI owns the property 100% with historical drilling and a full PE mining permit outright. Dan Weir was already with track record of selling wholesale graphite and working on off take agreements to help move the DNI graphite. DNI gave Cougar an option to earn in 50% of all that.
DNI METALS INC. (DNI : CSE)(DMNKF : OTC)
FOR RELEASE – December 1, 2017
In order to maintain the Working Right and Earn-In in good standing Cougar was required to, in addition to payments referred to above:
i. Design, fund, manage and present to DNI a NI 43-101 compliant mineral resource report covering a per-selected area of the project measuring approximately 300m x 900m by June 30, 2017 Randal, one of your super drillers was supposed to do all this?
ii. Complete a NI 43-101 compliant PEA using the parameters of 10,000 TPA graphite production from the Property by October 31, 2017;
iii. The mineral resource report and the PEA shall include a minimum of 3,000m of drilling to a maximum of 50m and 1,000m of surface trenching; and
iv. The Program shall be conducted in such a way as to not unreasonably hinder future development of the Property and shall be based on sound mining practice and other applicable industry standards and practices and in material compliance with the terms of all applicable permits and laws. Randal Drilling with the RC drill qualifys as hindering future development as I see it.
Randal, You agreed to Design fund and manage the project, including 3000M drilling and NI43-101 Resource by June30. Since DNI brought the project, it was entirely your responsibility to manage and pay for the project.
See Below PR
https://webfiles.thecse.com/2017-03-27_-_PR_-DA_Cougar_Revised.pdf
Exert 9. The Saprolitic advantage of DNI’s graphite project, will simplify drilling for Cougar’s experienced team. Cougar completed a drill program of a Saprolitic graphite deposit in Brazil, in 2015/2016. Randal, this comes from a press release that you approved. It speaks of Cougars team and nothing about your one experiecced super driller that can run the whole show and 2 drills at the same time. Its obvious, you needed a team to fulfill your obligations
You originally agreed to a time frame of just over 3 months for 3000 meters and a resource report by June 30 2017. Your one driller only managed 1700 meters, barely half the drilling you agreed to. After extensions to 7 Months time, your one super driller only drilled 1700m and produced on NI43101 report as promised? This blows my mind that you would stand by your words that your one driller should have gotten all this done and because he didn't somehow its all DNIs fault.
Checkmate28
Randal is panicking. Spelling errors. Randal never makes a spelling error. Especially since his recent reply was written for him by his lawyers in my opinion. There are spelling errors in his last post. Randal must be starting to panic over the lack of drilling he did for DNI Metals in the 200 plus days he had to drill 3000 meters, and didn't come close, taking off the down time that was talked about. In my humble opinion.
Randal it looks like game over for you. DNI metals gave you more time than you can account for, as was pointed out. What did you worker do the other 200 days with very little drilling. sleep? Just my opinion
Randal's response was pitiful. Your reponse to Checkmate's post about DNI's drilling was pitiful Randal. Did you spend all day at your lawyer's office coming up with that? How much did they charge your for that lame excuse? Just my opinion
Checkmate,
Unless you can relate your comments back to the actual terms of the agreement between DNI and CGM, and how they favour DNI, they are nothing more than emotional rhetoric.
Nothing you have written effectively counters my arguements in respect to the alleged breeches of the agreement between DNI and CGM.
If you don't have a copy ask Dan Weir for one, as we will not object to you being provided a copy. Then you can actually reference the document when making your arguements.
Randal Randal Randal Your making excuses again. But I'll say, you sure can make them sound good.
Your claim The driller was a seasoned operator capable of running a multi rig program. He was a senior man in our group and more than capable of completing the work within the timeframe. The rig was producing up to 120m per shift but would typically drill an average of 50 or 60 metres due to the difficulty in moving around the area. The issue was not the number of rigs but the number of available days to drill and part of the arbitration proceedings between Cougar and DNI revolve around this issue. Cougar claims that many days were lost due to matters beyond its control, including 42 days when we were told to stand down while DNI negotiated with landholders and 28 days in October when our driller was removed from site by the police following a complaint by DNI, accusing him by name, of illegal conduct.
Now lets check your math.
Given:
Cougar was there 271 days
Ill give you the 55m/day avg you claimed.
You claimed 70 days that you could not work due to stand down and jail time
That still leaves 201 Cougar working days on the property.
201 days x 55m = 11,055 meters
Randal, Things just arn't adding up. Your driller drilled only 1700 meters in the 201 work days you claimed ? Thats less than 9 meters/day. With so much at stake, you should have sent a better driller or another one, run a second shift or somethig. Even more important, it things were going that bad, you should have been on a plane yourself and brought a post hole digger if you had to.
The thing is Randal, you didn't operate very professionally and you took things for granted.
Checkmate28
Randal, you're afraid to prove me wrong. I showed you that DNI has the right mining licences. Why do you think DNI was allowed to ship Graphite in 2017? Do you think that the Madagascar government would let any resource company ship product from their country without the right mining licences? You will not talk about that, because you know I am right. Can you prove me wrong? Didn't think so. Just my opinion.
Randal you are mentioning Cougar? I thought if Cougar was mentioned, the post should be removed? You removed my posts for mentioning Cougar? IMHO
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SBH Property, Alberta
The Company’s 100% undivided direct interest in 21 metallic and industrial mineral permits, over 1,218 square kilometers located in the Athabasca region gives DNI the exclusive right to explore for metallic and industrial minerals for a fourteen year term subject to traditional bi-annual assessment work performance requirements. The SBH/Buckton Project contains long-term sources of molybdenum, nickel, uranium, vanadium, zinc, copper, cobalt, specialty metals, like: scandium, lithium, thorium, and rare earth elements.
Currently, there are two potential buyers, and the Company is assessing all potential opportunities.
Other interests include: the Attawapiskat Property, consisting of around 16 sq. km. land position in the Attawapiskat region, located in the James Bay Lowlands in Ontario; a 50% interest in claims located to the east of the Louvicourt Mine in Val-d'Or, Quebec; and certain patented claims in the Red Lake Gold District, Ontario.
Corporate Office:
DNI Metals Inc.
119 Pinewood Trail
Mississauga, Ontario
L5G 2L2
Contact Information:
Phone: (+1) 416-595-1195
Videos:
Management Team:
Daniel J. Weir, Chairman, CEO, President, Secretary, and Interim CFO ( LinkedIn )
Paul L. Hart, Director
Dr. Ravi B. Gopal, Director
Keith Minty, Director
Raymond E. Mitchell, Director
Steven Goertz, Manager (Madagascar)
Peter Eriksson, Manager (Brazil)
John Carter, Special Advisor
John Gillett, Inforrmation Manager
Subsidiaries:
Dumont Mining Company (Utah)
DNI Metals Madagascar Sarl
Pending: "Mauritian Company"
Financial Position: (as of December 31, 2016, in Canadian Dollars)
Total Assets: $ 4,400,435
(Note: Includes a capital impairment charge on the SBH Alberta Property of $4,153,548 based on a third party valuation.)
Total Liabilities: $ 992,103
Shareholder's Equity: $ 3,408,332
Auditor: McGovern Hurley Cunningham
Company Documents @ SEDAR
Capitalization: (as of July 05, 2017)
Issued & Outstanding: 62,968,155
Reserved for Issuance: 24,934,542
As of December 31,2016:
Shareholders: Over 3,000. 25 to 30 own 300,000 shares or more. 5 to 7 shareholders own more than 1,000,000. Dan Weir controls 5,878,300.
BOD, Management, and Advisors collectively hold ~ 25%.
Warrants: 10,423,984 at exercise price of CAD 0.10, expiring July to November 2017
Options: 2,151,500 at exercise prices of CAD 0.06 to 4.40, expiring May 2017 to Jun 2021
Transfer Agent: Equity Financial Trust Company
Stock Symbols:
$DNI (DNI.C) on CSE (Canadian Securities Exchange)
$DMNKF on OTC (Pink Sheets)
$DG7N on FWB (Frankfurt Stock Exchange)
[Last updated on: July 05, 2017]
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