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Looking at MXSG or any other penny stock to pay off your mortgage is like betting on a three legged horse. It appears at the starting gate but it ain't gonna win place or show.
Those that say they don't look at all of the lies of the past look only at the spikes that have occurred and those were wild speculative moves prompted by nothing other than momentum, not because of fundamentals. Mexus HAS no fundamentals.
Getting MXSG green every day will be like Mexus actually producing gold at a profit. Ain't gonna happen.
Where is all of that "bonanza grade" that was mentioned ?
"The Julio Vein extends more than 800 meters before it buries and is known for high bonanza grades which includes the underground mining site on the property and is estimated at 415,000 tons on the surface with a minimum of 5 grams per ton. There are also four shear zones recognized in the area. Shear Zone 1 is coincident with the Julio Vein and had a sample graded at 11.5 grams. Shear Zone 2 is 400 meters to the south east and parallel to the vein system 1 through 5. Shear Zone 3 contains a bonanza pocket which had sample results as high as 19 grams and was graded at an average of 5.5 grams from assayed sample results. Shear Zone 4 presently contains some pits, adits and shafts and graded 2 grams from eight samples."
Now it appears the anticipated yield has diminished to 1.2g/ton and even at that there apparently is no appreciable amount of gold recovered.
Mining at a profit ? Don't think so !
Quote:
Santa Elena Mine lead Geologist confirms 4 grams of gold per ton on heap leach pad; New high grade ore fire assayed showing high values of 12 and 14 g/t Au
CABORCA, SONORA STATE, MEXICO, November 20th, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) announced geologist Cesar Lemas validated recent tests of the heap leach pad at the Santa Elena mine confirming an average of 4 grams per ton Au. Importantly there is approximately 40,000 tons of ore on the pad now with additional material being added daily. The new material being placed on the pad was recently fire assayed by Mr. Lemas showing 12 grams and 14 grams per ton Au and 28 grams per ton Ag. These tests were confirmed and validated by Mexus engineer Robert Garcia.
What was it someone called it ? Oh yeah, California dreaming !
What is so funny is why the sales declaration if you have no intention of disclosing the amount ?
It seems relatively apparent that the amount was so trifling that it was an embarrassment. The only way out of this quandary is to hope you produce enough in the near future that the first sales would be insignificant. Old honest PT just keeps digging himself holes...with no gold at the bottom.
Male bovine excrement
BULLSHIT !!!!!!!
BULLSHIT !
Thess
Post # 32971
Mr. Paul Thompson! Hard working man!
Stated “I’m going to live another 50 years.” When asked if he was going to pass this mine onto his children and grand children. Stated “We are working 7 days a week.”
Just got off the phone with him. Anyone can call. It was a short 5minute call. Mr. Thompson shared with me current situation. I will be buying more shares.
He’s funding operations as best he can out of his own pocket. He was on site working.
That is a VERY long way from ... "He’s funding operations as best he can out of his own pocket."
So which is it ? That is your take on what is occurring or that is a quote from Paul Thompson ?
Regardless of requests to clarify, the question has yet to be answered.
No need to call him up if you just answer my question.
"He’s funding operations as best he can out of his own pocket."
Did Thompson make this statement ?
Calling Thompson is a bit difficult.... I am many time zones away from Caborca.
Why wouldn’t Thompson come out and publicly state that he sold shares in order to help fund operations as was stated in an earlier post on this board ?
It’s possible that the statement may not be attributable to Thompson.
Post # 32971
Just got off the phone with him. Anyone can call. It was a short 5minute call. Mr. Thompson shared with me current situation. I will be buying more shares.
He’s funding operations as best he can out of his own pocket.
Did Thompson make this statement ?
Phenomenal investment.
The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the three months ended June 30, 2019, the Company incurred a net loss of $839,198 and used cash in operating activities of $356,796, and at June 30, 2019, had an accumulated deficit of $29,966,570. At June 30, 2019, the Company is in the exploration stage and has not earned revenue from planned operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The Company’s independent registered public accounting firm, in their report on the Company’s financial statements for the year ending March 31, 2019, expressed substantial doubt about the Company’s ability to continue as a going concern.
Currently well over $30 MILLION USD blown moving Sonoran dirt and supporting Paul Thompson in a life style to which he has become accustomed.
I find it fascinating that someone can speak to the Mexus CEO on the telephone and declare him to be "hard working". It's also interesting how background noises constitute "mining work". Clunk, whirrrr, bang. Yep, gold mining operation obviously.
"He was on site working. Could tell it was the site just say I have personal experience to know a work site and what they sound like."
Amazing perspicacity.
Transitioning from quasi doubting to vacillating to dedicated promoter all within a half a dozen posts is a testament to intense DD. LOL
AW now, if you want your faith renewed (or established) just read the following endorsement(s).
"Meeting him(PT)in person was obviously the BEST thing that provided that last little piece of the puzzle for many investors. He definitely has the skills, knowledge, determination, and an overwhelming confidence that he KNOWS how to get Mexus to an amazing gold/ silver recovery point at a respectable pace. Wow! His innermost straight forward talk with this ever present calmness about how to strategically plan ahead was amazing to listen to, and we were all focused on his ever word".
FOCUSED ON HIS EVERY WORD .. WITH "BAITED BREATHE" as one true believer put it.
Then there is this.... "Mr. Paul Thompson! Hard working man!
Stated “I’m going to live another 50 years. He’s funding operations as best he can out of his own pocket. He was on site working. Could tell it was the site just say I have personal experience to know a work site and what they sound like."
So you see, he's leading a life of privation to insure his stockholders will thrive What a guy. The Mother Theresa of the mining world.
It would appear that some are catching on to what has been going on for several years. It’s an old game, not too different than the shell game. The object is to perpetuate the myth as long as possible through diversion and deception. Old PT may not be much of a miner but he’s exceptionally adept at playing people.
I love the way people grasped the 3 oz per day straw extrapolating it as if it is a given. 3 ozs per day X 365 days @ $1800/oz It’s what keeps people like PT in business
You know what they say, a billion here a billion there.....soon you're talking dilutiom. LMAO
WOW, a mining publication prints something sent to them by Mexus Gold U.S.
That gives MXSG legitimacy for certain. ROFLMAO
If there were offers of millions of dollars for MXSG CEO Thompson's claims BEFORE "production" just think what the offers would be now . Why, Caborcan dirt just increased in value exponentially or it will as soon as there is proof of consistent worthwhile (economic) recovery.
How must it feel to possess proprietary interest in what PT says will become a major producer? Of course, you must take into account that Thompson has always been a bit too optimistic regarding his self worth as well as the worth of his ventures.
How many firms (5) headed by Thompson have survived over the years, i.e. sold or remain in operation ? Not a sterling record but as one acolyte put it, "Failure at some point is ESSENTIAL! Winners use their mistakes to learn from" in which case, Thompson is a bonafide weaner er winner.
I've been waiting for today's verbose MXSG inspirational invocation and instead read a lay person's application of something inspired by Wikipedia...word for word. Wherein lies the irony ?
What to do about those suffering from verbal flatulence ? Untreatable condition ?
Most assuredly. Very difficult to teach young children language skills when the teacher has none.
"Simplified student English IS NOT spin but makes possible a for read for understanding check box on the old card board some never took home."
A young mind is a terrible thing to waste, and quite vulnerable when exposed to distorted speech and erratic thought patterns.
Taking home cardboard ? What primary school issues cardboard for its' students to take home ?
Can you recall a public statement from the dotard that a yield of 5-8 ozs per day was anticipated ? I can't. Not that Thompson is beyond making ridiculous projections. He is wont to do so on a regular basis.
AND, there would be a reason for the Reno celebration. As it is, the celebration of aphasia is little reason to enrich the coffers of a Reno casino.
" He has told us over and over expect no hard numbers in a simple PR. Reports will come in required SEC submitted data form after fact. Msg bd howls are an unimportant factor in a mine's life time. Here OR there and we know where the truth lies for certain. Taken at his word I see near 12 days of 5-8 oz less 2 % gold equivalent."
That is an accurate quote from CEO Thompson ? 5-8 ozs. per day ?
So it can reasonably be expected that the recent yield was between 60 - 96 ozs. of AU ? Interesting, we will see how accurate an extrapolation that is.
I'm certain that Mexus will follow SEC guidelines and an 8K is imminent and shall be forthcoming in a timely fashion. You betchum Red Ryder exclaimed Little Beaver.
Transparency and full disclosure of material events.
Hmmm, does the withholding of the amount of PM sold meet the requirements ?
To say the amount of gold will be disclosed at a later date is tantamount to saying...something significant took place but we have the right to withhold the facts of that event.
Is it any wonder that investor's perception of Mexus is a total lack of credibility given it's history? That perception was displayed by a significant increase in volume and a significant downward move. Revealing wouldn't you say ?
Takes your “breathe” away does it ?
Strange, I don’t remember the announcement of the 8.2 ozs of gold they said they retrieved being disclosed on an SEC required form. So now, why suddenly is Thompson interested in SEC requirements ?
I think if the tinkerer had anything to be proud of in the way of results, he would be shouting it from the rooftops.
The subterfuge continues.
The “ancients” apparently were smarter than modern day hobbyists. After digging holes every 20’ or so, they eventually threw up their hands and went home wiser for the failed effort.
So the Reno affair is a birthday party for the Mexus spokesman ?I was under the impression that it was to commemorate the thrilling success of the recent mining results.
I also thought Thompson’s attendance was assured but that doesn’t appear to be the case. It should be a jolly gathering but missing the one factor for which it was planned...... Mexus success.
Unfortunately for some, the volume didn't obviate the unrelenting downward direction of this non-stellar performer.
A little volume seems to stimulate the accumulators regardless of the direction of the trades.
Truly awe inspiring and BREATHE taking action. LOL. Attn: Juiced one
Wow, phantasy projections. Is there anything better? Time to make a deposit on that Lamborghini Urus you've always wanted.
$1 by Halloween, 3$ by Thanksgiving and $10 by year's end.
A veritable cosmic event. Lol.
Ah, if it were not for phantasy projections where would everyone be ? Just waiting for actual results of recovery and verified sales of the commodity. How terribly mundane !
Re: How many times have you seen exactly the same statements? Confirmation of progress and results ?
https://www.globenewswire.com/news-release/2019/09/09/1912499/0/en/Mexus-confirms-progress-and-results-at-the-Santa-Elena-mine.html
© 2019 InvestorsHub.com, Inc.progress and results?
Great expectations..... a novel by Charles Dickens
Let me count the ways It's vintage PT redux. For those who are patiently sitting there with "baited breathe" redux means SOS, another day.
Attn: Juice .....
There could be many reasons for an aborted disclosure or PR, none of which bode well for MXSG. It’s quite possible that PT has developed some serious problems along the way which may take priority to assuaging the fears of his trusting shareholders.
Thompson has never responded publicly to the fears, concerns of his shareholders, relying instead on a board spokesman/surrogate. The time of reckoning may be near when all of PT’s past sins catch up to him and bite him in the posterior.
How is it that the past history of failures and the trail of past fabrications mean nothing to the accumulators and yet...
"the fact that ancient natives dug holes every 25 feet or so are important pieces of evidence that show relevance pertinent to investors today."
In Alaska, we called those holes "honey pot holes" LOL
Ancients ?? That really IS past history. LOL
I'm not concerned here ??? Do I sense a bit of ambivalence ? Little wishy washy are ya ?
"I’m still a believer, but getting skeptical. That last PR basically said gold produced by September 1. Significant I might add. The significance here is no gold yet."
That's o.k. just keep writing those checks...PT is appreciative I'm sure.
Indeed who knows. Do not hold your "breathe" while waiting for this "monumental" investment to pay off for you. Detrimental to your health. Six years of failures and 29 million investor's dollars. PT is certainly happy he has dedicated "investors" like you. Maybe ask him for a commemorative gold medallion (made from that missing 8.2 ounces)
"Breathetaking". Does that mean results, and by that I mean significant results are imminent ? Specifics ?? Who needs specifics when you have the word(s) of Paul Thompson, hobby miner entrepreneur ?
Takes my breathe away, lol
Ah, excuse me but Thompson has been dumping shares right along at much less than .02 0r .03 centavos.
The significance here is that there is no gold...yet, and when there was a whopping 8.2 ounces reported, it was never sold..or at least never reported as earnings. Now THAT is significant.
Skeptical, yet keeps investing. What's wrong with that picture ?
I have no idea if Paul Thompson is an SOB but there is little doubt that he lies, has lied and will continue to lie so long as he is rewarded.
The fact that he has bilked millions of $ from investors while processing near worthless Caborcan dirt apparently is an insignificant factor to those who await their fate with 'baited breathe".
The question is...what has Thompson ever done(i.e. accomplishment) that warrants such profound dedication by the "accumulators ?
Tis a puzzlement.
Offers of millions of $ tendered ( name of principals and amount of offer withheld)
It's obvious how much PT cares for investors when you speak to him. The sincerity in his voice is so convincing.
The phenomenal amount of resource contained in the property is obvious due to the number of holes dug by ancients. No drilling or exploration required, just follow the holes.
Sharing information gleaned by an intimate confidante of PT's must be received with such gratitude by those waiting with "baited" er bated "breathe"...er breath.
PT is feeding his critics worthless dirt ? "Worth many millions $ just to him personally, while letting those that have been instrumental in hurting his reputation (along with share price) along the way eat (worthless) dirt!
He may be feeding EVERYONE worthless dirt.
Did not realize I was a member of the fake news commentators. Must send away for my credentials.