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Your post's conjectures overlook the fact that the voice of FB stated that testing (at Intertek) was being video'd (for release to public)
and that Intertek was not hired to improve the unit, just to test what was delivered for testing.
imo $1 whether in a week or in a quarter year is a very optimistic projection. How in the world would the company become a 0.6 billion dollar market cap on nothing except PRs proclaiming efficiency of a single test unit ? also imo expecting some sort of ground-shaking efficiency beyond anything available is not taking a very realistic view of the physics involved. If either of these were possible they would have been done by deeper pocketed players in the industry long long ago.
That said, it is conceivable that there could be news play that provides traders / speculators with some sizable marginal gains shortterm. Could.
The arguments put forward by n1tr08urner are imo persuasive, as far as longs and investors go, and the observation that they are what would be needed to sustain the pps at higher levels is likely spot on correct.
For now the optimists rule this board in so far as the (delayed?) Friday visit is being taken as a good sign. I still feel it is just as likely not so. Robert could be recovering the unit in order to get it functioning so that tests could, if/when, be done with it automatically sequencing the magnetrons instead of the last PR'd manual cconfiguration tests. Fact is that what is happening is unknown, and the company is apparently totally comfortable about keeping people in the dark while at the same time apprearing to be openingly informing people of what is happening.
JMO
sooooo funny, no one (except Robert?) knows why a Friday visit was to be / is happening . . . but it sure is being made out as positively important
For what it is worth, I am assuming that the results in the 15-05-2012 release are holes included in the Ni 43-101 update that is now expected.
Were we not told that updates would be approx every 6 months and the cutoff to be included would be approx every 6 months with each being 6 months before the estimate update would be ready ?
So 15-05-2012 21-02-2012 31-01-2012 would be part of the "soon" to be released update
21-08-2012 25-10-2012 19-11-2012 would be all that goes into the one after that
I totally agree with all your post says, except for
pretty much so, as it is
except the pps does not hold up so well in a vaccuum
otherwise, what's another year ?
what's the big deal if Robert has to wait until next week, instead of Friday, to pick up the unit ? No doubt it must make a trip back to the Posilight lab in order to fix it so it can be tested some day.
totally agree the AMF comment does not justify their actions, so far I have found nothing that does justify their actions
So did I get this right ? the FB voice posted about a weather delay nixing tomorrow, but yet no one knows what tomorrow was to have been about ?
maybe he is going there as they asked to have the unit picked up as it is taking up space . . . hay, half-joking, but as "meybe"s is all the company leaves its shareholders with, might as well cover all alternatives
Thanks for consolidating and posting that info cropdoc, as I was about to look back and do the same . . . those are imo some very slow reporting drill hole assays if the cause D states is why we know nothing of the drill work.
Quite the major restructuring Thx for posting TT
thanks for mentioning that . . . sure it is meaningful, somehow
so perhaps a week from tomorrow we get some sentence about what went on the day after tomorrow ? that would be the first day of the second half of February, so if testing happens starting Friday (Robert at Intertek for what? to finalize what is needed ?) then maybe Wanderport would have the Intertek interpretation of their analysis in hand not too far into March ?
Just running the potential timelines . . . what is that? a full quarter year behind original projection ?
I can definitely see that logic also, actually held that view when the search for a firm (turned out as Intertek) was announced.
But now I can't see how the contract has failed to be completed.
There are just so many unanswered contradictions.
yes, have seen that mentioned before about the resource update
I think we were more discussing the lack of drill reports for the past many many months
Seems like you are assuming that something is being / has been withheld.
It is my understanding that material information must be released in a timely fashion. Since none has been released, then there is either violation or there is none to release.
Now, if drill core was submitted for assay it is difficult to see how there could be no material information if the assay results have been returned, as if there are gold bearing intervals that would be material information, whereas if the drill cores were barren of gold intercepts that also would be material information.
Leaves one wondering what is up doesn't it?
As I posted, back when the FB voice indicated that they were not posting the internal numbers because they would just be torn apart, if the numbers were good the analysis, tearing them apart, would show that they are good numbers. IMO if they have numbers they must not be favorable or else they would have paraded them out in every glowing word they could figure a place in a sentence to use them.
and Why Would We Want To Sell This?
ummm . . . easiest way to get cash out of Argentina ?
Tomorrow will be interesting, as it seems the news release was after market close. (of course the aftermarket trade was zilch, near 0 volume)
I am thinking market sentiment changed with the PR of the drawdown of the credit facility, and frankly did not take well to the statement
Not sure what happened to Hayes.
I take WC to the the claims that were not attacked to Betty or Bridget out of those staked as disclosed in this NR, and called Betty WC in it, as pretty much everything else company held was under option (or tie-in to option)
http://www.ethoscapitalcorp.com/s/news.asp?ReportID=513493
Company website has been adjusted to not show Wolfe and Betty, still has Hayes listed (?) Hayes was tie-in to options, per original NR
http://www.ethoscapitalcorp.com/s/news.asp?ReportID=465706
today market cap approx 9.66 million, cf working capital of 9 million
McEwen Mining Continues to Expand Los Azules' Large, High-Grade, Mineral Resource
http://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2013/McEwen-Mining-Continues-to-Expand-Los-Azules-Large-High-Grade-Mineral-Resource1133404/default.aspx
TORONTO, ONTARIO--(Marketwire - Feb. 5, 2013) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce an updated, Canadian National Instrument 43-101 compliant ("NI 43-101") mineral resource estimate for its 100% owned Los Azules Copper Project in San Juan Province, Argentina. Most importantly, drilling has expanded contained copper in the inferred resource category by 29% to 13.95 billion lbs. Contained copper in the indicated resource decreased slightly to 4.45 billion lbs. The expanded resource incorporates 6,966 meters of new drilling from 10 additional holes. The resource remains open laterally, to depth and along strike
. . .
I shall take your use of "you" in your reply to my post to be purely rhetorical, not meant to indicate "me".
as for
They act like we dont need tangible information to invest in them
That is how they have always acted, unless/until pushed to "put up or shut up", but even those couple times it turned out not tangible.
So there is really nothing new about this . . .
What about Richard, at the time-share rental office in Florida where he works? Once a poster here mentioned they lived not far away.
well, guess that shows how things turn on a dime (I mean tenth eagle) these days
PMs down across the board now, including Pt and Pd
There is an iHub board for that company
We could follow that if interested in that company
This board is for posts about Endeavour Silver
but now those pesky investors cannot point out that there has been no word from the company since Jan 11 any more.
IMO all great line of questioning
Must have finally gone into town and gotten a seat at the internet cafe.
Connectivity on the islands can be so spotty.
"Revert"ing back to the rum and hammock now . . .
one unit has never added up for me, other than as red flag
what serious development of relatively inexpensive unit puts all eggs in single basket ?
no problem. the database is not hard to use, although it has a tangle of alternatives, so I will outline a simple one for this purpose
go to https://www.sedi.ca
choose your language, the following assumes English
choose "Access public filings" at upper right
click "View summary reports" on left menu
mark "Insider transaction detail" and hit next
in the Mandatory criteria
under Identify insider or issuer select Issuer name and type in Explor
enter filing or transaction date range - hint use starting date way back in time to get the big picture, I used Jan 1 2006 for Explor
then skip all the rest and hit the search button
select to view the report for Explor Resources
hth
Orex Announces Proposed Spin Out
http://www.orexminerals.com/s/NewsReleases.asp?ReportID=568745
Vancouver, BC - Orex Minerals Inc. - (TSX-V: REX) ("Orex" or the "Company") announces that its board of directors and management are consulting with its legal and financial advisors to evaluate the merits of proceeding with a reorganization of its business that will separate Orex's advanced-stage Barsele Gold Project in Sweden from all of Orex's other mineral properties (the "Proposed Transaction"). It is expected that the Proposed Transaction will be completed through a shareholder-approved plan of arrangement that would result in shareholders receiving the shares of a new company and continuing to hold shares of Orex.
The Proposed Transaction would be subject to the approval of Orex's shareholders, as well as regulatory and other approvals, including the approval of the TSX-V. If the board of directors of Orex decides to proceed with the Proposed Transaction, it is expected that it would become effective on or after May 1, 2013.
Orex And Astral Announce Results Of Annual General And Special Meeting And Anticipated Effective Date Of Plan Of Arrangement
http://www.orexminerals.com/s/NewsReleases.asp?ReportID=568748
Vancouver, British Columbia -- February 1, 2013 -- Orex Minerals Inc. (TSX-V: REX) ("Orex") and Astral Mining Corporation (TSX-V: AA) ("Astral") announce that further to their joint news releases of October 15, 2012 and January 21, 2013, Astral's shareholders passed a special resolution authorizing and approving the acquisition of all the issued and outstanding common shares of Astral by Orex by way of a plan of arrangement (the "Arrangement") at Astral's annual general and special meeting of shareholders held on January 31, 2013. Pursuant to the Arrangement, Orex will issue Astral shareholders 0.0834 of an Orex common share for each issued and outstanding Astral share held by an Astral shareholder (the "Exchange Ratio"). If the Arrangement becomes effective, the holders of outstanding Astral warrants and options will, upon exercise, be entitled to receive that number of Orex shares adjusted in accordance with the Exchange Ratio.
Astral expects to obtain the British Columbia Supreme Court's final order approving the Arrangement on February 7, 2013. The Arrangement is expected to become effective within 7 days following the date of the final order or on or before February 14, 2013. Astral will issue a further news release once the final order has been obtained and will announce the effective date at that time.
Gary Cope, President & CEO of Orex, comments that: "We look forward to completing the acquisition of Astral. We determined to pursue this acquisition because our technical team identified Astral's Los Crestones property in Mexico as one of the most promising early stage properties out of a large number of projects reviewed by our team. Combined with our Coneto Silver-Gold Project in Mexico (currently being drilled by Fresnillo PLC.), this acquisition gives us a strong base from which to develop Orex. Furthermore, we have already assisted Astral with recent exploration on Astral's British Columbia properties and on closing of the Arrangement, we expect to pursue additional exploration on both the B.C. and Mexican assets."
Astral's CEO, Manfred Kurschner, states: "We're very pleased the shareholders of Astral have approved the Arrangement. Orex brings to the Astral shareholders a strong management team supported by a technical team with a history of exploration success and project advancement. Orex has fund-raising capabilities, a broad following in the investment community, and a strong cash position. Orex has excellent capabilities to advance Astral's projects."
Second subpenny EoW close, WDRP silence continues.
It seems obvious silence is not working, nor is the treat egghead like eggheads comments plastered over most recent FB from the company.
I appreciate updates, even when just noting that nothing has changed on FB, or that reemphasize what imo the voice of FB needs to correct, like
I think that is far too optimistic
why do I even bother, not like anything will change...
Exactly.
It may be that things are beyond their ability to change them now.
Previously, before there was (claim of) product (prototype, whatever) existing, there was only trust, and confidence, and words making claims.
Now few believe the words, and there is little if any trust.
If there is in fact no unit existing that works sufficiently for testing, and the words have run out, then what is there ?
What could they do ?
Is that why they do nothing ?
If I recall, after the AMF news broke and this board was abandoned by many due to "negativity" or perhaps due to repetitious posts, that Yahoo board had a new surge in posters including a "personal friend" of Belize bearing news of long-and-strong, busy with stuff but believer, still holding, confident, etc. all at a time when there was no Belize here or news from here. So evidently the cheerleading over there has not been able to keep the ranks aligned . . .
That number of shares is the total for shares directly held in his name.
I only ran the database query for the last half of 2012 to date, so any options, warrants, and shares held indirectly did not show as there were no transactions in those categories in that timeframe.
So, just for you in order to answer you, I ran a more exhaustive query just now. CD holds no shares indirectly, so shares held are 1,773,659, and those two purchases are the first and only purchases in the public market going back to Jan 1, 2009. This is an all-time high share holding for CD.
In the 2006 to end of 2008 time CD was a fairly regular buyer and seller in the public market on a semi-monthly basis.
CD currently has no warrants, and has 4,750,000 options which is an all-time high option count.
Of these, 2,500,000 have an exercise of 0.92, 700,000 at 0.50, 1,250,000 at 0.32, 1,100,000 at 0.30, and the remainder at 0.20. (just noticed these do not add up, so I must have missed something that is expired, CD has exercised options a number of times, always 0.20 options)
April 7 this year 600,000 of the 0.30 options will expire.
CD sold 475,000 shares in the 1.10 +/- a couple cents in late Feb 2010
No ? Seems we are saying the same thing, the shallow work program will not show up in a resource estimate until the end-of-year update (whenever that actually turns out to be)
that was a tiny paint EoD to drop the pps
someone wants to get cheap shares shaken loose ey ?