Married
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No proof whatsoever shorts are affecting the stock price. Have you considered dilution is? Have you look at the financials and see the note issued to clive mendehall? Dilution and a required increased to the AS to cover promised dividend, isnt a concern to you?
Actual PROFITABLE mining if even true is 3 years away ?
How can you pump this everyday relentlessly as the company continues to bone every shareholder hard for 2+ years?
So many issues and 0 reliable answers. Oh but wait pull the certs?
Thats a shame if those really sold thats terrific for all imho.
Its not how the unannounced dividend is being distributed?
i just updated my kyc. Only 199,140 ( a 180 just sold) gold tokens left. Anybody ask IR who purchased almost 4M gold token since last conversion was available.
Impressive if they actual sold all those tokens?? Current token price down to $5.53.
If it wasnt for the clive toxic note, it would be much more interesting. My last hope is that this shareholder has made 200 to 2000x of his initial investment and hence he will be willing to retire his shares. Its our only hope jmho.
A FEW OTHER INTERESTING FACTS I NOTICED OR JUMPED OUT AT ME.
There is no infrastructure available in the area. The nearest source of electricity is in the village of El Carrizo. However, this village has only a domestic (low tension) power service which would not be suitable for a mining operation. A high voltage line is located approximately 5.5 km to the west of the
Project.
There is limited information available related to the company that conducted the existing underground workings in the area. Available information indicates that a small operation was conducted by Minera Nayaloa in the area of the Bonanza mine, 4.7 km east of La Estrella Mine, producing 15,000 t of material
from the Motaje District in 1973. Currently, there is an adit that extends 270 m and two drop/ventilation shafts at 45°. In 2006, an American citizen attempted to rehabilitate the mine entrance, and personnel of the SGM (Mexican Geological Survey) collected two additional samples, reporting values of 31 and 3.23 g/t Ag and 0.433 and 0.099 g/t Au (SGM, 2022). In the area,there are still some vestiges of the cement
shoots used to load the mineral which presumably was transported to the metallurgical processing
plant located in the village of San Dieguito de Abajo. There are no records regarding the quantity and quality of the mineral processed by this plant
The CIM standards require that a mineral resource must have reasonable prospects for eventual economic extraction.
The silver price, mining and operating costs were proposed by Asia Broadband and approved by Micon’s QP. In the QP’s opinion, the economic parameters are reasonable, although they were not developed from first principles specifically for the Bonanza Project and are considered conceptual in nature (Table 1.1). GO SEE THE TABLE FOR THE VALUES
The mineral resource has been constrained by reasonable mining shapes, using economic assumptions for an underground mining scenario. Using the parameters summarized in Table 1.1 the calculated breakeven cut-off silver grade is 56.7 g/t for underground mining. However, Asia Broadband has decided to report the resources at the Bonanza Project using a cut-off grade of 60 g/t silver.
1.10 EXPLORATION BUDGET AND OTHER EXPENDITURES
Since acquiring the Bonanza Property, Asia Broadband has completed an initial exploration and drilling
program. Asia Broadband has outlined potentially economic mineralization at the Bonanza Project,
which remains open, but further work will be necessary to identify the extent of the mineralization.
While Asia Broadband conducted the 2021/2022 drilling from surface, it is believed that some of the
future drilling of the deposit will be conducted from underground, as it would be more cost effective to
drill the deeper parts of the deposit in this manner. Micon concurs with this approach for future drilling.
During the remaining portion of 2022 and into 2023, Asia Broadband is planning to conduct the studies
and engineering necessary to complete a comprehensive mineral resource estimate for its Bonanza
Project. Asia Broadband’s proposed budget expenditure to complete the further exploration, and other
studies, is summarized in Table 1.4. Estimated future cost $634,404
MICONS RECOMMENDATIONS good read
1. Micon’s QP recommends that Asia Broadband completes a total review of the documentation related to the property transfer process, from the original title inception in 1997, up to the agreement transferring the mineral rights of the property to Asia Broadband. However, the process of reviewing the transfer process may require a longer period of time, due to the current
situation with COVID, as the offices of the mining agencies and the public mining registry are working at a reduced capacity and the current government has placed a lower priority of the
mining sector.
2. Micon’s QP recommends that Asia Broadband obtains a certified copy of current Mining Title directly from the Mexican Mining Agency. If necessary, a program of verification/correction completed by an Authorized Professional Surveyor (Perito Minero) must be completed to
properly define the location of the principal point and surface extension of the property.
3. Micon’s QP recommends that Asia Broadband addresses the situation with the indigenous community of Saycota, such that access to the Project is secured and guaranteed. It is further
recommended that any future commitments between the parties be written into the agreements, so that the Project can be moved to more advanced stages should positive results
be obtained during the exploration stage. The agreements must be endorsed by a representative of the federal government office in charge overseeing these agreements so disputes that arise may be effectively resolved to the benefit of both parties.
4. Micon’s QP recommends that drilling activates are permanently supervised by a professional
experienced geologist. The supervision would include site location, rig orientation and core box
control and management at the Project site.
5. Micon’s QP recommends that a detailed geophysical survey is conducted in support of the
planning for any future drilling campaigns. The geophysical survey may be also used as support
during deposit modelling and resource estimation.
6. Micon’s QP recommends the implementation of a chain of custody system, to properly
document the process of transferring/transporting of sensitive materials, such as the core
boxes and samples, from the Bonanza Project to the Asia Broadband facilities in Tlajomulco.
The chain of custody must include the transportation of samples from the core shack to the laboratory.
7. Micon’s QP recommends that Asia Broadband includes a protocol for the systematic collection
of bulk density data in any future core drilling program.
8. Micon’s QP recommends conducting definitive metallurgical testwork using a representative mineral sample, and certified or recognized laboratories to validate the results from the current laboratories. Other metals of potential economic interest, such as lead, zinc and copper, should be considered for analysis and in future resource estimations. Subsequent metallurgical testwork should be focused on optimizing the process, solving the identified problem with zinc, defining the parameters of construction or refurbishment of the existing metallurgical plant, to adequately refine the process to account for the identified/defined mineral features, establish the requirements for additional equipment (capital costs) and estimate operating costs, that will be used in a future economic evaluation.
9. Micon’s QP recommends conducting a rock mechanics study in order to define the base case parameters to define the appropriate mining method. Future mine designs and mining plans will be based on and supported by the information provided by this study.
Specifics on permitting:
PERMITTING, ENVIRONMENTAL AND SURFACE RIGHTS
4.4.1 Permitting and Surface Rights
The Bonanza property lies on land belonging to the indigenous community of Saycota, in the
Municipality of Acaponeta, Nayarit. Although internal rules in these types of indigenous communities
may vary based on specific consuetudinary rights (customary laws or traditional rights), decisions
related to usage of the land by external individuals or companies on land controlled by each community
are usually decided through a public assembly of community members. The assembly is the primary
community representative, and any agreement/contract is required to be approved by them. A
representative of the National Agrarian Registry (Mexican governmental entity) regularly participates in such assemblies as a moderator and a witness to the agreements reached.
The representatives of Asia Metals, through their current contractor on site, has been in close contact
with the members of the community and on June 27, 2021, signed an informal agreement with the
representatives of the community. This agreement granted access permits to Asia Metals and its
representatives to conduct the exploration work necessary to prove the potential viability of the
Project. As part of the agreement Asia Metals and its representatives agreed to make some
improvements to the roads in order to minimize access problems during the rainy season.
The agreement of June, 2021, is currently under review, as the Saycota community decided in October,
2021, to suspend the permit to execute the drilling work already started by Asia Metals, arguing that
Asia Metals was not in compliance with some verbal commitments. On March 8, 2022, the
representative of Asia Broadband was invited via a letter from the president of the commissariat of
communal property, to participate in a general assembly where members of the community will re-
evaluate extending the previously granted permits. The letter thanks Asia Broadband representatives
for the diverse support received so far that has benefited the community. At the time of this report,
there has been no update related to the status of the permitting.
4.4.2 Environmental
Exploration work which includes drilling and trenching requires the presentation and approval of a
Preventive Report, in accordance with the Mexican environmental authorities. However, Asia
Broadband has decided to apply for an Environmental Impact Statement (EIA), which is usually
required by the Mexican environmental authorities for more advanced stages of a project but may also include exploration work. The EIA was filed at the office of the Secretariat of Environment and Natural Resources on April 6, 2021. At the time of this report, the review of the EIA is still in progress.
Benny,
Please review your webster dictionary. Review the definition of mega versus mini.
Not one news release has been mega. Hoping the next mini news is much better then this disastorous bonaza report:
1. Missing environmental permits
2. Tiny amounts of gold and silver
3. Shut down work
4. Lack of sample chain of custody
What part of it was MEGA?
No huggy that wouldnt be awesome at all. It would be dreadful. All loyal shareholders would be harmed and the scammers would get away with it all, if they are scammers. How can you wish such a thing for loyal investors?
Educating everyone positives and negatives is a worthy agenda. Anything else is no better then scamming. Benny BS has harmed many and is also sad.
The fact is aabb has a real potential mine. The fact is they did many wrong things in exploring it.
I hope for shareholders they finally give them some ROI instead of promises or anything misleading. Jmho
Hoping for the best and imho, adjust investment according to each persons faith and risk tolerance. I cant get over the rationale of the toxic note and the possibility of the need to double the AS for the loyal shareholders. Until those 2 items are addressed, hard for me to risk much here. Wish shareholders would spend all their energy having the company address these 2 items in a rational sense.
May good things happen to good people!
It blew past all the moving averages. Maybe something special next earnings 8/8.
Stock looked great today !!
Chain of custody is very important in taking samples. It includes making sure each sample as a unique identifier that cant be easily modified and it very important that the sample is tracked from the time it is retrieved to the time it is stored to the time it is analyzed and even through analysis through the unique identifier. It legitimizes the samples taken are tracked craddle to grave and important to many sampling programs.
Objectively i agree the report demonstrates significant incompetence on the side AABB and the negatives appear far larger then the positives.
1. Lack of permitting unbelievable
2. Shut down by indigenous locals
3. Quantity not even mineable for the cost to reward.
4. CHAIN OF CUSTODY ISSUES
How are any of us shareholders excited about this report??
One word
Yikes!!!
What part is ignorant? Explain 1 thing to me with any rational sense for a company that doesnt supposedly need cash.
How is the never ending toxic note good for the shareholders and not a pure scam?
Only 1 question for you all wise one? Im waiting!!
I still own 50,000 shares and 518.8 gold tokens!
ITS SAD. GOLD BACKED CRYPTO IS AN ABSOLUTE MONSTER IDEA.
UNFORTUNATELY THIS COMPANY IS ALMOST OUT OF BUSINESS OF SELLING SHARES ON TOILET PAPER.
COULD FIX EVERYTHING SO EASILY.
1. AUDITED FINANCIAL
2. FIX SHARE STRUCTURE
3. DEMONSTRATE ACTUAL GOLD MINING PRODUCTION OR PARTNER WITH LARGE GOLD COMPANY (LIKE BARRICK)
INSTEAD JUST BS WITH PAID PUMPERS, UNBELIEVABLE TOXIC NOTE FOR ALL TO SEE, AND EXCUSES WHY 1 THROUGH 3 WONT and CANT BE DONE.
WAS MY FAVORITE CRYPTO AT ONE TIME. NOW I AM READY FOR A.S. TO DOUBLE sp to .$.025. I was so hoping i was wrong but.......
Just glad ive reduced my risk massively!
BENNY CLIVE DUMPFEST CONTINUES AT LEAST TO .06 UNTIL NEXT TOP RAMEN DINE FEST.. ITS BEEN GOING ON FOR 2 YEARS.
DINE LIKE THE DESTITUTE FOLLIW BENNY. YES?
THE benny clive dumpfest is on.... DINE ON TOP RAMEN!!
My point was very basic, gold is $1804 an ounce or $64.42 per gram. AT 1/10 of a gram thâts $6.44 per token. Supposedly fair value based on being backed by aabg company.
If one believes the token is backed by real gold, they should jump at a .44 cent per token discount 518.8 × .44 = $228 gift. Yet no takers and in fact no takers on aabg exchange unti $4.61.
See.
Since you are so sure of your investment here I have 518.8 tokens. Current gold price puts a token valued around 6.45. I tell you what I sell you all of mine at $6. ITS A DEAL YOU CANT RESIST AS A BELIEVER. ARE YOU IN?
Like a great deal on gas to good to pass!!!
Yes I am troubled that I purchased my aabg token at 1/10the a gram of the price of gold and now due to liquidity issues and a total lack of confidence in the investment community my best conversion price is $4.61 a token and I've left open orders up for weeks with no execution. That does torture my soul as I question the legitimacy in aabb as should all..
From: Michael Sheikh <mike@resourcesunlimitedllc.com>
Sent: Friday, March 25, 2022 10:55 AM
Subject: RE: Due diligence
Eric
After consulting with management, it’s was a very complicated ownership structure, and you wont be able to connect it to the profit on the sale. We suggest you rely on AABB’s financial statements.
Investor Relations
Resources Unlimited
Sent: Thursday, March 24, 2022 10:17 AM
To: Michael Sheikh <mike@resourcesunlimitedllc.com>
Subject: RE: Due diligence
Hey Mike,
Thanks for the response! Any update on the concession number on the sell of the Guerrero gold mine. Its very important to my due diligence. NO WAY for an investor to follow up on the huge profit aabb recieved from that sell without the concession number.
Should be very easy to get from management.
Thank you
Eric
Sent from my U.S.Cellular© Smartphone
-------- Original message --------
From: Michael Sheikh <mike@resourcesunlimitedllc.com>
Date: 3/23/22 10:45 AM (GMT-08:00)
Subject: RE: Due diligence
Eric
Thank you for contacting Asia Broadband, Inc. (OTCMKTS: AABB) via e-mail. We value your questions and comments and will do our utmost to answer or comment on them in an as expedient fashion as possible.
This concession info is not at our fingertips so please be patient. We hope to comply with your request shortly.
Investor Relations
Resources Unlimited
Sent: Wednesday, March 23, 2022 9:04 AM
To: ir@asiabroadbandinc.com
Subject: Due diligence
Dear sir.
I own some aabb stock and tokens and am considering investing more.
As i was researching aabb i am unable to locate the concession number for the gold Guerrero mine!!? Can you please provide me the concession # and was it an open pit mine.
I am researching this to verify the aabb sell of this gold mine.
Thanks
Sent from my U.S.Cellular© Smartphone
I will post the IR reply soon. As you know if you own aabg token we are not allowed to take screenshots in the application. Any aabg wallet owner can verify in less then 5 seconds on their wallet.
You dont own aabb wallet do you?
Go to your aabb wallet. Go to trades. Look at aabg/btc . Go to order book and it shows aabg conversion at 4.61. That's a fact.
Sad you dont care about others. You'll answer to something much higher then me for that.
May we all pray for luck knowing the unfortunate truth.
I did contact them about gurrero mine and posted their answer it was pathetic. Post some of your that demonstrates something significant?
I knew you would claim the cost is the reason. I could accept that except they have plenty of funds supposedly and they issued a press release saying they would.
Your saying they lied just to please shareholders thats a scary premise to me. If you know what I am saying.
I agree you can't squeeze juice from a lemon and they should of never issued that non sense press release.
How much more of it is non sense.. Logic says you have to ask yourself?
Why not spend all that cash they have on my other 4 very valid points.
Bulls that believe in Aabb, here is a another angle to ponder. Aabb press released over a year ago, saying they would pursue legal action against slander. More then half the post on this board have said aabb is a scam and full of lies
Yet 0 legal action against a single one of them has occurred? Why?
Maybe because these posters are right, hence no slander.
This fact in conjunction with the toxic note in their financial is why it's almost impossible to believe in this.
It's sad too because I have tokens and shares and at this point have to rely on just praying they dont just double AS and continue this.
Benny is most likely the toxic note holder imho.
Praying is not an investment strategy but in all reality it's all the longs have at this point imho.
It would be so easy for company to show legitimatcy:
1. Audit by top 5 firm
2. Apply for listing
3. Fix share structure
4. Create liquidity on exchange at true token value. People so desperate to get out some have sold token at like $3 or $4 just to get out.
5. Pursue legal action against the slander.
Just something to ponder. Hope I'm wrong but cant see how?
I'll believe, when the share structure is addressed and the toxic note is closed. Otherwise the negative nellys here remain right.
Those are the facts.
Even a legit audit would go a long way... For now just a total pie in the sky.
We promise we will do something significant one day. Shareholders now waiting over 2 years for one thing significant!
You are a MEGA bull, as a mega bull please provide your rational for the toxic note and the fact that the OS almost equals the AS.
Why are these 2 very important issues, non issues for you MEGA bulls.
The never ending toxic note has destroyed this investment potential for 2 years straight imho.
Company never addresses the main issues for their loyal shareholders?
How does the dual class allow them to issue the required shares to clive in the note.
I see they (the insiders) get all the voting power but that doesnt help?
I am truly a shareholder but seriously are you not concered about the toxic note and the oustanding shares almost equal to the authorized.
Since they didnt eliminate the note in last filling what choice do they have but to increase the AS.
Its this sole reason, I personally have just lowered my risk exposure and due to the pump masters bs.
Can any loyal long term shareholders adresss this concern?? It should be the mumber 1 concern of every shareholder!!
Your weekly pump for clives dump wtg scamster.
Nothing mega in the past or near future . Here is the next headline :
WE ARE THINKING ABOUT STARTING A COMPANY THAT MIGHT DO SOMETHING ONE DAY. REAL REVENUES COULD OCCUR IN 10 YEARS BUT IN THE MEAN TIME WE ARE GIVING AWAY SHARES ON A NEVER ENDING TOXIC NOTE. DONT PAY ATTENTION TO THE MAN BEHIND THE CURTAIN, THE AS WILL INCREASE SHORTLY TO FEED TOXIC NOTE IN OUR FINANCIALS.
Nice Article thanks for sharing !!!
Thats not accurate
https://fintel.io/ss/us/aabb
Tiny volume compared to the outstanding and benny mojo mendenhall wasnt even pumping it for his note.
Ive been adding because there is so much fear mongering thats been going on.
Not sure who worse clive mojo or the fear mongers.
Less then .2% of the total outstanding shares traded today and yet stock is down almost 6%. Something is smelly even if all 4.8M were sells todays price action is pure bs. Worse then benny mojo bs.
Now thats the Truth!
I would care if that happened on massive volume but down 6% really on no volume .....lol what a joke!
How is the stock down 4% on 1M shares. It is total bs !! Seriously.
It makes sense if your a naked short as you dont pay interest on fake shares. Thats why its illegal and any naked should definitely be exposed harshly. Its as criminal as it gets if its real.
Beautiful day for perserving capital !
Tim, Honestly I added AABB just to hide some money from the rest of the market. Everything is getting slaughtered and aabb near 52 week low so at current price im hoping to avoid the 5% daily market crash. Its been holding up ok versus NASDAQ.
Just flipping shares, but I've kept my core position and restricted shares over a year.
The company needs to urgently address 2 items.
1. Share Structure as outstanding =AS
2. Audit plans
Its a big gamble that they do something positive to the SS versus just raise the AS. My only hope is that they dont need additional cash for dilution per their financial filings!
Thoughts!
Are you dumping again clive mendenhall?
Only mega news that will move this controlled penny stock are:
1. Joint venture with reputable gold company
2. Significant POSITiVE change in Share STRUCTURE
3. Completed audit
Hence no MEGA news coming Clive!
CHANGING AABB SHARE STRUCTURE IN A POSTIVE WAY WOULD BE MEGA NEWS? DOUBTFUL?
Haha i have two year of his posting history as proof. You??
Btw im stuck with 518.8 Tokens i cant get rid of. You buy them at 1/10th a gram of gold price, please?
Nothing make me happier then to be wrong!
Gold $1854 /ounce / 28.35 g/oz divide by 10 = $6.49 per token
LET'S CLEAR THE AIR! YOUR ALWAYS WRONG =FACT !