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On the next conference call will we hear Nasrat matter-of-factly say, "That's what stop-loss orders are for!"
Were I to average down with a purchase of over 1 million shares to
get my cost basis around $0.10, how long might it be before a share price of $0.11 seems possible? I am adopting a long-term perspective given the likelihood that such a lofty valuation might
only occur after Nasrat and team Elite loot the company and depart leaving behind various flotsam and jetsam. -Perhaps I should wait a year or two for a better entry point. . . Of course, one could point out the potential mistake of "throwing good money after bad".
As per Nasrat, management wouldn't want to do anything to affect share price. . . . No kidding! Can we safely assume that COVID-19 may very well provide what is perceived as a quasi-legitimate excuse for systemic failure and further dilution? New Jersey beaches are open. Is that a quasi-legitimate excuse? Got sunblock? You know savvy sun-worshippers do!
"Assay numbers and tonnage figures, seem to change every time the breeze changes direction". . .Yep. Good news all around. You're getting there. Keep up the search for clarity.
"Did he really?. . . Does he really?. . . Will they really?. . .Are they really?. . . etc., etc.--- Are a growing number of people REALLY tired, and even embarrassed for people who post such poor fictions?
Who is "Budha"? Do you mean "Buddha", or is
it "Budha" who allows you to keep sinking
lower and lower like the imaginary stock
you are so meticulously observing F4Ugit?
Nothing to get excited about amidst the typical window-dressing except perhaps to note that a "Master's of Law" Degree does not
qualify one as a "lawyer" as would a "Juris Doctorate" Degree. . . .
. . . Is the trick to be a day late, but not a dollar short NAS?
Jeepers Mr. Nasrat when you look all the way to the NASDAQ do you see a share buy-back anywhere? You have so many shares outstanding I need Carl Sagan"s help comprehending.
"the new delay will be talked about next Monday". . . No, you are
already talking about it now. By all means, hold on to that thought
if you take some comfort from it.
" just a nuisance, eating up cyanide." I am forced to acknowledge the acumen displayed by several posters when it comes to "nuisance". . . Those 22 ounces recovered at this nascent stage of current production must be of significant "nuisance". Especially when considering current recovery rates are more than likely increasing quite rapidly. . . . Being on the right side of the trade makes the morning coffee nice. . . .
Short-term trade. . . Buy .092, Sell .134
Being "On Mexican Time" is both a blessing and a curse.
South of the border Mexus is moving at near lightning speed.
- With such quick action being typically reserved for
criminal activity- I would much prefer to wait a week for
credible positive results than receive the great news that
would effectively silence those annoying rogues, but de-materialize.
Eight out of the last Ten news announcements have been disseminated
on a Monday. . . .
Thanks for the cheap shares. Without all of you this wouldn't be possible.
It is in fact the norm for newly poured ingots to exhibit substantial discoloration. I have no questions regarding the
composition of the dore. I do wish a simple form of reference
such as common coin had been included in the pictures to allow
for estimation. However,given the unrelenting criticisms the
Mexus team has had to endure, I can understand a news release that
in effect comes as a test of faith. Soon we will know if shareholders will be rewarded for their patience.
Generally speaking, in business, if you do that which is expected
of you and little or nothing more, you are destined to fail. . . How will this company's decline be justified in the next CC? Surely the self-laudatory comments aren't going to focus on sloth, complacency, or any of the glaring deficits that force one to seriously consider the possibility that if/when the company does go under, management really won't share your disappointment, but rather react with the same apathy that they displayed in running the company into the ground.
C'mon ELTP! Why not rise and shine a little early?!
Moving at a glacial pace, it was only yesterday that Elite's
CEO Mr. Treppel cursed out the FDA on a CC. . . . FDA response: "Are you done?. . . You're done."
You can judge a company by the way it treats it's shareholders.
Hey Naz, you know many of the shareholders of companies like yours
assume a significant risk when investing in such companies. Frequently they have bought shares with money initially intended
to finance a home, or an education, or maybe needed to help with
medical bills or senior care. They've bought stock in your company in the hope that through their investment they will be able to buy a nicer home, send their kids to a better school, or allow their parents to enjoy the later years of their lives.
There are companies that resemble yours except for one major difference-they value shareholders input and consider them through the ups and downs of the day to day operations of the company. There are companies that are able to take inspiration from the stories of challenges faced and surmounted by shareholders because as a result of management's genuine concern for shareholders as human beings with lives to live, a positive rapport has developed between the shareholders and management. Imagine that, a company wherein concern for shareholders can lead to much better overall performance.. . . Just a suggestion. . . far be it for me to keep you from whatever it was you were imagining.
Doing nothing has stopped Elite
Don't be too hard on Nasrat. He had to stay at a hotel.
Prepared for a week of silence from Elite?
Surely your buying all those shares should make the price go up.
But, Priorities man!. . . A question for the conference call if and when it occurs- How are the waves in South Amboy?
Of course "something extremely fishy is going on".
It is now Summer in New Jersey and most of Elite are
enjoying the beach.
It appears that soon Elite will be forced to resort to dilutive
financing yet again. OxyContin ADT and Acetaminophen and Codeine
should have been brought to market. Frequently the most is risked
by doing nothing. Farming out the marketing of Adderall to Lannet
requires Elite to. . . "do nothing". A strategy they are perfecting.
Uptick-Newswires-Stock-Day-Podcast-to-Interview-Mexus-Golds-Stan-Berk-on-January-31st
https://www.otcmarkets.com/stock/MXSG/news/Uptick-Newswires-Stock-Day-Podcast-to-Interview-Mexus-Golds-Stan-Berk-on-January-31st-2019?id=215107
Down but not out. . .
I am a newcomer to investing in gold mines, but the way I
see it, while the fat lady might be having desert and
coffee -and might possibly end up taking a big bite out of
yours and mine- the night is still relatively young. Having been
informed that, "More pending assays results from holes 6 to 9
will complete this initial stage of the database to proceed with
the valuation and planning of the following exploration stage." I am
going to keep open the real possibility of good news until I hear
otherwise.
Link???
Mexus provides company updatePress Release | 07/20/2018
CABORCA, Mexico, July 20, 2018 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) today gave an update on its operations in Mexico. The information provided was compiled by Mexus geologist, Cesar Lemas, who is providing the necessary data from the company’s multiple properties.
Recent work has been directed at the 370-8 Brothers project including Vat leach testing of oxidized sulphide ore specifically from the 8 Brothers prospect area. About 50% of the sulphides remain as gold and silver bearing mineralization. There is also arsenic, lead and zinc as constituents of the sulphides. The polymetallic massive sulphides have very interesting contents of gold and silver but most of it is encapsulated within the sulphide mineral as gold-arsenate sulphide and silver-lead sulphide. These sulphides are difficult to extract by simple gravity and/or cyanide leaching unless they are pretreated via roasting to eliminate the sulphur. About 80 tons of this oxidized ore was crushed to <3 inches and put in a steel tank and leached for a period of 25 days. Eight head assay samples were taken averaging 1 g/t Au and 50 g/t Ag with one sample showing 30 g/t Au and another sample with 800 g/t Ag. Solution was assayed daily for a week showing recoveries of 1.25% in gold and 13% in silver with a slow increase after a week and large cyanide consumption. The solution was assayed after 3 weeks and turned out to have minimum increase up to 26% in silver and gold remaining the same. Vat leach testing is showing that the high sulphide ores from the 8 Brothers has to be pretreated in order to increase the recovery. Roasting of ores will release some of the precious metals to be able to leach with cyanide. Another method could be flotation of the sulphides which contain most of the gold and silver. More metallurgical testing will be directed as there is a wide variety of ores in the area and vat leach testing is the best tool for fast processing.
At the same time, trenching and sampling has been directed at the project following attractive strata which contains productive porphyry intrusions as dikes and sills producing hornfels. A 1000 meter long area has to be checked for gold and silver values and is a potentially attractive zone for a bulk type mineralization. 30 to 50,000 ounces gold would be an initial target resource in this area near surface. There is potential for 250 to 500,000 ounces in this section alone.
Mexus is pleased to announce that after a series of legal battles the company is now able to move forward at the Santa Elena mine. Mexus CEO Paul Thompson has scheduled meetings with several companies. These companies range from gold producers, major construction companies, to exploration/royalty operators. In addition, the company is researching the possibility of funding for the project. The Santa Elena is an advanced project with high possibilities of a large detachment shear zone resource with excellent gold grades.
Added Mexus CEO Paul Thompson, “Mr. Lemas is doing great work at all of our properties and is taking his time to research and evaluate the ore at the 8 Brothers/370 mine. He understands that getting it right up front will assist later as we increase production. I’ve spoken to Mr. Lemas about the timeliness of this work and he ensures me that these steps are necessary and will actually save us time and money in the long run. Mexus is successfully moving forward on all of it properties and is merging the former small production objectives with the exploration and resource valuation of all of its properties which will be a larger production and economic achievement. I look forward to some big announcements in the near future.”
ADF guidance statement doc link: https://www.fda.gov/downloads/Drugs/GuidanceComplianceRegulatoryInformation/Guidances/UCM492172.pdf
Question for conference call-
How many pharmaceutical companies similar to Elite do you know of
that were awarded new contract manufacturing agreements during the last quarter? -Trick question- If they were similar to
Elite the answer is, "None at all."
It is quite possible that in response to the former CEO's expletive laden tirade concerning the FDA that the fate of Sequestox is in the
hands of persons who are in agreement that they will never ever approve anything for Elite.
While sales figures are down, at tomorrow's conference call Nasrat should explain that is due to the firm commitment of staff and management to the mythological side of the business.
Nasrat Hakim states, "We will see the results of our hard work over the next six to twelve months" . . . Always talking about hard work. . . complaining about having to stay in a hotel. . . Do you
believe this guy? Today's results like previous are the result of
a combination of laziness and hubris common to New Joizee.
Tomorrow the CFO will tell us to "Rest assured!" again.
Why not? It appears that at Elite everyone's rest is
assured. We have to be told how hard everyone is working
because there is no tangible proof of hard work. The hard
work has been chronically absent. The lack of circumspection
resulting in the CRL is directly attributable to a lackadaisical
self-laudatory attitude allowing sub-par performance.
Free level II for ELTP-http://www.otcmarkets.com/stock/ELTP/quote