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Ever notice how The Donald emulates Il Duce ? He imitates Benito's thrust out jaw, his belligerent arm crossing, his hand gestures. He is a dedicated student of history. LMAO Ridiculous caricature !
The MXSG dog and pony show continues ....
For those unfamiliar with this >>
An elaborate act of BS, generally used to distract attention away from the sheer uselessness of the actual project or act.
I believe that's called counting your positive cash flow before it's hatched. Same old story, year in and year out. Making claims and then turning around going back to the drawing board. That drawing board is full of failed scribbles.... and 8 1/2 ounces of gold.
Does all of this sound familiar ? Elena was a bonanza .... until it wasn't. The great thing about the new venture is that it's portable so when this latest venture fails, they can move to another concession and start all over again. And there appears to be an infinite number of concessions.
Wash, rinse, put out to dry ooops >> start all over again.
So, it will be a protracted period of time before it is known whether anything of substance is recovered here. Of course they can get Lemas or his equivalent to "estimate" the amount of gold contained in the concentrate just as he did at Elena. Estimate 2000 - 4000 oz turned out to be 8 ozs.
Considering MXSG CEO history I would opt for “both”
MXSG reached the finish line a while back. As long as PT has his monthly stock allotment to hustle and MXSG is still trading, his lifestyle remains unchanged. So long as he has "the dedicated" to sell worthless shares to, he can still buy AV gas and pay for his airplane's annual inspection. The replica stamp mill concession might bring in a few bucks and he might still own the trailer park. No tears shed for PT, just pity those who fell for his Thompson trap.
250#...is that the notorious missing 2000 - 4000 ozs that Lemas "estimated" to be in the sludge pond ?
I vaguely remember some carbon cathodes (rich with gold undoubtedly) floating around. They were to be sent somewhere for processing. Or did I just dream that up ?
So much gold
I've been told
but nary a sale
can they nail
to which I say
where is the elusive payday ?
You must remember that MXSG's board of Directors ( all one of them) is looking out for your interests.
Timing of the increase of the AS cause you to wonder WTF ? No one ever accused PT of possessing great intellect.
"But do keep in mind that this is not actual dilution. This represents the possibility of greater future dilution."
No other reason to increase the AS !!
It was imperative that the MXSG AS was increased as the OS (752,000,000) was rapidly approaching the limit of 850,00,000. After all, PT has to be assured of his monthly allotment of shares so he can maintain the lifestyle he has come to enjoy.
Wonder how long it will take him to cash in.
Don't get upset. MXSG has just begun a new venture..... printing shares.
Thursday, 12/16/10 01:52:36 PM
Mexus Gold U.S. (OTCBB:MXSG), announced today that the Ocho Hermanos mine located in northern Mexico and owned by Mexus Gold U.S., Mexico Division, Mexus Gold S.A. de C.V. is now ready to enter into production operations with the arrival of equipment provided by Mexus Gold U.S.
Mr. Paul Thompson, CEO stated, "The transport and installation process of this equipment is very important to us as a Company. I think it shows our commitment to our projects in Mexico and our ability to provide the means to make this type of project move forward. Our permitting process is going well with all of the paperwork required to initiate operations completed and filed with the appropriate authorities. In addition, we were encouraged by our ongoing drilling program in such a manner that we felt we could move forward into the initial production stage of developing the Ocho Hermanos project."
Que paso ?? 8 years ago Ocho Hermanos was the next HUGE money maker for MXSG
It appears that Ocho Hermanos was just one of the many failures of MXSG and Paul Thompson, the main architect, over the years.
Under sea cable salvage.... so many projects, so many failures and yet the followers continue to pay homage to PT's expertise (and honesty) Unbelievable !
That article was written before it was disclosed that MarMar did not have the funds to operate the Elena mine .....or the expertise.
What the article DID point out is that MXSG was and is a toxic funded enterprise and dilution will probably be its' only product.
A bit dated but still very much applicable...
https://insiderfinancial.com/theres-something-not-quite-right-about-mexus-gold-us-otcmktsmxsg
Without MarMar, Mexus isn’t going to be able to finance its operations. Toxic finances have gotten the company to where it stands right now, and there are is plenty of potential for dilution as we move forward.
Latest OS 752,000,000
Why would MXSG establish a precedent now ? Its' history certainly belies the ability to convey the truth regarding anything of substance.
Utilizing a surrogate as the company spokesman, posting obscure messages meant to confuse and further deceive is indicative of methods MXSG employs. Certainly, the CEO is complicit by feeding the surrogate nebulous tidbits and the practice has been going on for years.
MEXUS was intended to be a big money maker; and if shareholders could make a buck, well that would be o.k. too !
The Scam O Meter MXSG rating was slightly over four when first it appeared on the board. Since then, I believe its' rating has exceeded the meter's limit of 10.
I believe the question "you are calling Mexus a scam and therefore its owner, Paul Thompson, is committing intentional fraud? " was posited to elicit a response that would be considered liable > if untrue.
Unfortunately, Mexus has proven itself to be a scam in that its' operations were based upon an ongoing sham and the CEO's statements were misleading, distortions and disingenuous lies and were quite obviously intended to be such.
The only problem I have now is attempting to determine where we are in this process ? Where will Mexus find the equipment to produce 500 tons of material a day ? Where do they get the personnel to accomplish this ? How do they pay for this work ? How do you mine quartz veins to a depth of what was previously announced as 3000 ft and has now been revised to 900 ft. . Are they talking open pit mining ? Where are they in this newly proposed project ? Not that I have any doubts .................
Mexus will move forward with the proper equipment and personnel at the Santa Elena project. Mexus President Paul Thompson states that the company has contracted with a security firm to provide 24-hour services at the mine site. There is equipment on site to produce 500 tons a day and plans are in place to begin hiring staff with production beginning shortly thereafter. In addition, safety fencing will be installed and required site clean-up will occur that will satisfy any environmental concerns at the property. Two separate parties are running tests on the heap leach pad to determine the next steps to allow for recovery of gold and silver within the system.
And the results are ??
Using previously developed geological mapping the company plans to mine the Julio quartz vein and the adjacent shear zone via open pit mining. The existing Julio vein, with depths to 30 meters and widths from 1 to 4 meters, has values ranging from 1.5 to 186 grams Au per ton. The adjacent shear zone carries values from .5 to 17 grams Au per ton. Mexus estimates that the shear zone will average 2.5 grams per ton gold equivalent with the Julio vein values being much higher. Additional equipment will be purchased which will enable the company to increase production to 1000 tons a day and beyond. The company will announce a non-dilutive capital raise plan in the very near future.
Lead geologist for Mexus MX, Cesar Lemas, announced that progress at the 8 Brothers project has slowed due to holidays in Mexico and the recent developments at the Santa Elena mine. All the necessary equipment has arrived at the mine site including the large VAT gold recovery tank. It is expected that installation and set-up of all systems will be completed by June 1st, 2018. Mr. Lemas continues to assay material from the mine site showing 3 to 12 grams per ton Au and 30 grams Ag which should equate to excellent returns once the system is operational.
I hope I serve as an example to those seeking a valuable asset. I was misled by those who are skeptical, cynical and and question the motives of MXSG's methods and motives. I listened when they called for drilling data, proof of viability and all of the other money wasting projects.
The fact that MXSG suffered catastrophic misfortune was not its' fault. Who knew ? And who knew that MarMar was going to be a sham ? Unfortunately, I listened to those who criticized MXSG and its' CEO unmercifully for attempting to salvage the situation by helping MarMar by secretly financing their failed attempts to produce anything. Everyone makes mistakes and MXSG was just attempting to save its' shareholders. There must be abundant gold on all MXSG claims, otherwise why would someone with over 40 years of mining experience bother ?
I plead Mea Culpa. I have now joined the camp of The Mexus Phoenix and we shall arise from the ashes and prosper.
Oooow rah as my Marine brethren would say !
Wow, I don't know about anyone else but the latest uber informative post results in my desire to sell/pawn all of my earthly possessions and buy as much MXSG as possible. Now, regardless of past performance, it is clear that MXSG has its' ducks in a row. A new JV ...just the answer to all of the recovery problems. Cash problems..no problemo >> all recaptured via litigation in the Mexican court system.
All of my concerns, qualms are now put to rest. I have seen the light and I am now a new true believer due to the efforts of such an objective source,
"Mexus Geologist Cesar Lemas .......
"During the month of August, the first 3 meter heap leach layer was completed with approximately 30,000 tons of ore being processed. Contained metallics are in the order of 2,000 to 4,000 oz Au and 10,000 to 15,000 oz Ag."
Maybe Lemas can make another analysis when the URES vat system becomes operational. His last analytical survey turned out so totally accurate. Uncanny how that works.
Mark Twain could have been talking about Mexus when he said, " A gold mine is a hole in the ground with a liar standing next to it".
Without combing through piles of past posts, I wish I could find where Lemas was quoted as saying there was between 2000 - 4000 ozs of gold in the muck pond. Guess it evaporated...Mexican gold has a way of doing that around Caborca.
Zinc, salt, rains and Mexican holidays all played a part in the failure of Elena. Oh, and the incompetence of MarMar. That and the fact that there was so little gold.
I forgot the famous Cortez boot was found just a few kilometers away and Elena is surrounded by projects that ARE productive. And that, of course, means Elena is also laden with gold as anyone knows. No need for drilling or feasibility studies because it's obvious to the most casual observer which is what most people who have had anything to do with the site are....casual observers.
Where does the MXSG OS stand today ? Has it topped a billion yet ? Paying off all of its' debtors with shares has proven to be one way for it to survive, Not too good for its' investors though.
On another note, what self respecting firm would enter into a joint agreement with Mexus with the miserable track record they have? The Elena claim has yet to be proven so where is the incentive ?
I have tried, unsuccessfully, to think of a PR that would entice people to buy MXSG. They have used every ploy imaginable and they now have zero credibility. Diverting attention away from the failed operation at Elena by focusing on Ures was so transparent, it was laughable and that was the last feeble attempt to generate interest. So what could possibly be the incentive ?
Can you interpret this ? Was Garcia jailed ? Who/ what is M Martinez and Co. and how has Mexus share increased a bunch ?
"Latest twist is speaking to Robert Garcia (same incompetent know-nothing , (must we look that link up? ) I now find was the consultant advised CEO in '13 the San Felix nitric acid process could be used to steal gold. We looked closely and Federales overcame his resistance in Mexus office to capture and jail the crook no metal lost and used as evidence proof in court. Made a REAL impression on Caborca. Now M Martinez & Company 50% unpaid share JV tossed out of town and in court to recover union wages and Mexus share just increases respect a bunch."
Ah yes, litigation...the only process slower and even less certain than MXSG mining results. In which country would legal action would take place ? Attempting to extract money from MarMar would, I think, be more difficult than producing gold from the barren MXSG holdings.
With double digit losses such as friday's 11+% drop this could easily be the week that MXSG becomes a sub penny pinky.
Even the most optimistic must realize there is nothing to prop this thing up. Elena can't be working because of environmental issues plus, what equipment is there on the site now that MarMar is a thing of the past and who is manning the site ?
Thompson needed an infusion 0f $250,000 to bring Ures to "full production"....as opposed to what; partial production ? Where have we heard that one before ? And what assurance is there that Ures is something other than a Elena repeat ?
Just a matter of time and in the meantime, PT continues to receive shares for all of his mining expertise and executive skills. Even the "expert help" he hired were frauds.
I've seen cans of worms prettier than this thing.
If you were writing a disaster novel you couldn't come up with a story this ludicrous.
Here is the answer for Mexus... The only problem is that it involves another long delay AND there must be gold in order for it to work LOL
Geologists have discovered bacteria on a patch of earth in regional Queensland that takes natural traces of gold and turns them into nuggets.
Special ‘nugget-producing’ bacteria may hold the key to more efficient processing of gold ore, mine tailings and recycled electronics, as well as aid in exploration for new deposits, University of Adelaide research has shown.
For more than 10 years, University of Adelaide researchers have been investigating the role of microorganisms in gold transformation. In the Earth’s surface, gold can be dissolved, dispersed and reconcentrated into nuggets. This epic ‘journey’ is called the biogeochemical cycle of gold.
Now they have shown for the first time, just how long this biogeochemical cycle takes and they hope to make to it even faster in the future.
“Primary gold is produced under high pressures and temperatures deep below the Earth’s surface and is mined, nowadays, from very large primary deposits, such as at the Superpit in Kalgoorlie,” says Dr Frank Reith, Australian Research Council Future Fellow in the University of Adelaide’s School of Biological Sciences, and Visiting Fellow at CSIRO Land and Water at Waite.
“In the natural environment, primary gold makes its way into soils, sediments and waterways through biogeochemical weathering and eventually ends up in the ocean. On the way bacteria can dissolve and re-concentrate gold – this process removes most of the silver and forms gold nuggets.
“We’ve known that this process takes place, but for the first time we’ve been able to show that this transformation takes place in just years to decades – that’s a blink of an eye in terms of geological time.
I can't remember how the CEO is remunerated for his ( invaluable) service and his (selfless) dedication to shareholders. If I remember correctly, he also leases (equipment, space ?) various items to MXSG.
Can anyone tell me how many shares he is awarded each month ?
TIA
A very astute observation.....
"The final straw for me was seeing the money from the toxic loan went to pay off debts owed to Paul's family members.
The final stage of any imploding company or country is the plundering of the treasury. The two biggest warning signs are there. Toxic debt and raiding the corporate assets by those in charge.
When family members are getting their money out, it's time to make sure your money is out too."
Couldn't have said it better myself.
The "good news" as interpreted by some was nothing more than a elongation of the terminal process a.k.a the last throes.
The inevitability factor was not changed by the loan repayment, just the time table. MXSG is destined to join the list of failed pinky rubble.
Initially, the ill conceived and executed project may not have been designed as a scam....it just worked out that way. It finally devolved into an exercise in lies and subterfuge.
To me, the saddest part of this whole scenario is that the perp will walk away from it unscathed. Fortunately, his life expectancy precludes a repeat.
How strange that I've never seen a Mea Culpa forthcoming from MXSG concerning IMMINENT production.
I wouldn't call the results of their efforts "production".
The fact that the loan was repaid has little to do with whether this failed project survives. With no money in the coffers and little chance to raise the required capital other than toxic financing the future is pretty much assured to be very very bleak. Meaningful gold production is a pipe dream.
The trading response to the loan repayment is evident. There appears to be more than a few skeptics. Judging from the pitiful past performance with it's lack of funding, total lack of expertise and quite possibly lack of gold bearing material, I believe the fat lady sang her last aria.
You have me mixed up with another poster. Please refer me to a post where I even mentioned non payment of the loan.
I DID say that Mexus bankruptcy was inevitable. It might be time to revise your comments and direct them properly
There are a finite number of bounces a dead cat can make. With the exception of a handful of diehard longs
the response to the news is underwhelming.
I believe Ures was intended as a deflection to mitigate the abysmal failure of Elena to produce meaningful results. After all, the longer this plays out the more shares the CEO will be able to dispose of. It’s called bleeding the turnip dry.
It looks as though some person or persons DID contribute hoping beyond all logic for another dead cat bounce or two to recoup a lost investment. A better bet would be a Las Vegas roulette wager.
Mexus announced today that it has wired $183,333 due JMJ Financial.
Hey, that's terrific ! Now all they need is another loan for a half mil or so to clean up the environmental mess, get the vat system working (an unfulfilled project) and get Elena (production ?) going again so it can produce another 8.5 ozs. Things are really looking up Yessir `
So now the CEO can continue to receive his monthly allotment of shares that he is free to hustle. What a wonderful Ponzi scheme this is.
It's too bad that shareholders didn't file a class action suit against the perp(s) instead of excoriating the person(s) who suggested it.
OR, if someone filed a complaint against MXSG (CEO Thompson) with the SEC, that agency has not taken timely action.
Thompson (and associates) have continued lying throughout this (what has certainly by now has been properly labeled) scam and apparently people are just fine with it.
There won't BE any legal ramifications unless MXSG is legally taken to task to answer for its' actions. The way it looks currently is they will file for bankruptcy and that will be the end of it.
I would hope that steps would be taken that Thompson and those associated with him in this debacle would be prevented from ever doing it again but that doesn't seem to be the case.
The kiss of death.....
A buy recommendation from American Bulls
But the death kiss existed before Bulls mentioned MXSG