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How about you show me a quarterly filing which confirmed the 8.5oz of gold supposedly sold (stated so in a PR) a couple of years back. If the gold was indeed produced, why did it never show up on any of the financial statements?
Uh, Au's not there until it is confirmed in an SEC filing. All the hype and pump will not make it otherwise.
Capisce?
"Seems like some Nervous Nelly types are on a fretting overload about the recovery process"
Hmmm. Given MXSG has been predicting gold production for years now. And given over 2 years ago PT stated gold production was "imminent". No fretting here. Just not convinced any gold production has occurred, that is, until we get an SEC filing with ounces sold and revenues obtained.
Until then, it is all hype and wishful thinking.
Agreed Aqua. Folks need to avoid getting over their skis. That's how you crash. Regardless of the current momentum, none of that matters unless MXSG can prove they can reliably and consistently produce.
And they have not done that yet.
Hilarious conversation RJ.
The market is definitely in a "show me the money" mood. I am keeping what shares I have. But I am certainly not adding anything until I see concrete drill results (and good ones at that).
Blyth, your point is well taken. The only thing that matters is the commencement of drilling, which was stated by Major Drilling to be beginning of November.
All this nonsense about whether a deposit was made or not is just noise. If the drilling begins, then we know the deposit was made.
First, you questioned whether the contract was really signed (so did I). Then the company proved the contract was signed. And now you are questioning whether the deposit payment for the contract was made.
Seriously? What you and others are clearly NOT talking about is that the company hired for the drilling has a solid reputation in the industry.
Why don't you applaud Mexus for hiring a really good drilling company? After all, when the results come in, for better or for worse, they will be inarguable.
Then Paul Dent should be the one providing the countersigned contract as well.
I don't think anybody knows anything of what's ahead for this company. Yesterday's dump was likely PT selling shares in order to pay some bills.. JMHO.
I didn't say you used the word imminent. But many others here have used it repeatedly, as in "imminent death spiral". And no, a death spiral is not at all like watching paint dry. An imminent death spiral was shouted from the rooftops on this board ahead of the expiration of the toxic loan deadline and many times afterward.
It's all nothing more than hype intended to scare people. If Mexus does not produce, then the stock price will continue to descend. And it may very well descend back under a penny. But talk of a death spiral is pure hogwash and no more responsible than the guy posting "to da moon".
Yes, we did have this conversation. There were howls from all corners about the imminent death spiral which has never materialized. Gets old pretty quickly.
I agree that volume is puny, with the exception of last Friday when 3+m shares traded. That was likely somebody taking a new position. In any case, better to have puny volume and moving up than what has been the case for the past several months; that is, puny volume and moving down.
Yeah, and a death spiral has been predicted dozens of times. And it hasn't happened.