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Never mind the small little detail that there is no viable business model behind the stock.
Can anyone definitively settle the concern that the mine has stopped all operational activities?
For the record, I'm not saying it is or isn't operational. Only that several folks have suggested it has been shut down. Based on the lack of any update on alleged activities with carbon filters, it seems plausible.
Of course, yer honor, if you ignore all the selective information shared on this (and other boards) where only select investors were given details about upcoming events in the numerous 1:1 phone calls they had with the President, it would be a tad difficult case.
Even more difficult if you completely turn yer head and look the other way when the birthday cake arrived at the party, you'd obviously have to say, "If the glove doesn't fit, you must acquit."
There's more than enough insider ball discussed on these boards alone to start an investigation on circumstantial evidence. From there a couple of subpoenas on e-mails, phone and financial records I give it better than 50/50 somebody's taking a plea deal to turn state's witness.
I haven't lost enough money to make it worth my while, but if my losses had touched 5 digits, I'd think strongly about taking my chances in front of Ol' Judge Wapner.
All I know is if I were Paul Thompson or Don Phillips, the last thing I'd be doing is poking the bear.
I'd be keeping a low profile and doing my best to make sure I have my back end covered from the diluge of lawsuits that could potentially be coming their way. Courts don't care to kindly for affintiy scams targeted at Veterans.
As the facade of Mexus slowly crumbles, people will want recompense for the losses.
Of course, that's just my opinon.
Lots of last hour end of day buying/selling I wouldn't call it a painting the tape attempt, but it sure seems like someone is trying to fight off a big drop in price.
In fairness, most of those shares are to satisfy notes taken out 3-6 months ago when things may have been more active..
10-k should be out within the next 2 weeks. It will be interesting to see what new notes have been issued since the last 10-q.
This was the canary in the coal mine that many (including me) missed. When the reverse split happened in 2020 the AS remained at 5 billion. There would be no reason to leave it that high if the intentions were to up-list. If the intentions were to up-list, reducing the AS would have been prudent.
Based on what? Charts? Volume?
More nonsensical gibberish. Are you trying to tell us you're only down .006 per share?
If so, I call total BS. Nobody who held through the 1:20 reverse split is down only .006..
Remember, it's not a loss if you don't sell.
Plus, you can't forget about dem valuable dusty certs sittin' in a drawer somewhere. Of course, they should have sold the certs back in 2020 when they would have had some value as an alternative to toilet paper rather than the present day 1/20th value of .003.
Don't have any and never professed to have any. Not an engineer, didn't play one on TV nor did I stay at a Holiday Inn Express.
I can speak in complete coherent sentences. Demonstrate above average reading and comprehension. Most relevant to this situation I have strong deductive reasoning abilities which helps identify when someone is feeding BS.
Why haven't you exhibited the same concern for the qualifications of the professionals associated with the mine?
First, let's understand what is meant when you say an assay. Assays are typically done as part of an initial assessment and are prepared by a "qualified person". No record of such assessment completed by a qualified professional can be found in any of the Mexus company filings. Let me repeat that - NO INITIAL ASSESSMENT HAS BEEN PREPARED BY A QUALIFIED PERSON.
Therefore the article your link references is simply back of the napkin math based on a few drill holes. There’s no guarantee that any general accepted practices or standards were followed in calculating those results.
Also, there is a significant difference between an initial assessment and final feasibility studies. There's a reason the SEC doesn't allow initial assessments to be used as the basis for disclosure of mineral reserves.
If a company wants to throw around the term mineral reserves, the SEC requires a bona fide final feasibility study.
A feasibility study is more comprehensive, and has a higher degree of accuracy. It must contain mining, infrastructure, and process designs completed with sufficient rigor to serve as the basis for an investment decision or to support project financing. It's the report most mining companies use to secure financial backing to commence mining.
All Mexus did in this assay was dig a couple of holes and send it to a lab. Then, without utilizing any generally accepted standards, made some very general assumptions based on the very limited number of holes dug and came up with an over-inflated amount of potential reserves.
If these assays were so credible and so amazin' and the results so spectacular there would be credible named JVs and mining companies jumping all over this property. There's a reason that's not happening. It's because they all see the same thing.... these reports with these assays don't mean crap.
A mistake is oops we parterned with a JV that turns out didn't have the resources and equipment they promised to have. We've parted ways with them once we found out the issue.
A lie is to go ahead and secretly fund the JV while sending out PRs that all is well and the JV is making great progress.
A mistake is saying we anticipate to sell about $100,000 in gold and only sell $60,000
A lie is saying we "the Company announced that revenue for the month of October totaled $128,000". Then in the actual filings state "For the three months ended December 31, 2021, the Company had recoveries from the sale of gold of $59,889
So then why reference the price of Gold and Silver going up and Mexus possibly going up unless you are inferring there is a correlation?
What is the correlation coefficient between gold prices and Mexus share price?
Is anyone else amused when someone ask questions and then when given an answer blow off the answer with "That's your opinion"?
That's literally what they asked people to give them. If they don't want it, or already made up their mind, why ask the questions?
Dino,
Nobody's asking what color underwear PT is wearing this week. But there are legitimate and significant items PT has not provided updates on that are long over due for a progress report.
- There's been nothing on the 2 or 3 alleged shipments of carbon filters being sent to Idaho since last November/December.
- Irmex JV agreement was supposed to have been finalized by the end of April. Still crickets on their status.
- Has there been any other progress or timeline finalized for the establishment of a board of directors or new CEO?
Instead we get the same old "The company continues to negotiate for a favorable deal with multiple companies vying for the right to team with Mexus" BS that we've already heard on multiple PRs over the last 4 - 5 years. Possible JV interest has been dangled in front of investors since Mar Mar left. And there has yet to be a formal JV announced.
With all of the other more significant items still outstanding, somehow the unchanged status of the ongoing JV search was the topic considered most newsworthy by the company this week.
I saw the PR, Captain.
The PR stated the company updated it's shareholders on the negotiations. I was wondering where one could find that update with the details that were shared with the shareholders.
It's a rhetorical question. I know no such update was given to shareholders. Just another poorly worded & nonsensical PR from Mexus.
Oh it did, did it?
Where oh where can one find the details of this update? DId I miss another birthday party invite?
With that list of partnerships/accomplices I wonder If Don Phillips is looking for a backdoor out of this scheme before he ends up on this list?
Dude..... read the flippin PRs.
CABORCA, MEXICO, ACCESSWIRE / January 3, 2022 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has signed a letter of intent with Irmex Mining, a Mexican Corporation, for its Mabel project located in Northern Mexico. The agreement will include cash and a 10% Net Profit Interest
(NPI).
In past PRs Mexus has claimed production cost of less than $500 oz. Assume they are off and it is closer to $800/mo. That means $1,000 oz profit. 10% of $1,000 = $100oz payout to Mexus.
I'm done doing your homework for you.
No. What's most amusing is there are people out there still defending the actions of this 1 man operation and pretending all is well and going according to plan. In some cases defenders are even going so far as to defend the lies being put out in the PRs.
You can't vouch for IRMEX as a legitimate viable JV option. But then claim not to know anything and simply be "along for the ride". Which is it?
There's only two possible options;
1. You have not done and continue to do zero due dilligence. (Including not reading any of the company's PRs).
2. You're trolling.
I'm leaning towards the latter.
But I was saving up so I could make it to the birthday party this year.
Nope. Breakout boards measure volume of activitiy on ihub. Has nothing to do with the fundamentals of Mexus.
Rich,
Would you point out what itmes in that PR are facts and what are opinions? (Hint: There are zero of one them)
Maybe the banditos stole it all.... or Ken.... or Mar Mar or.... Irmex... or....
Any idea when the next toxic loan is due to convert. My hunch is we'll see another dip in prices (even if it's just a mid-day drop) about a week or two before the conversion date so that the lender gets sweetheart conversion rate.
For those keeping track, in it's PRs since the last 10-Q was published Mexus has promised; 3 shipments of carbon filters laden with gold shipped to the smelter, 1 signed LOI for a JV (that included cash) & 1 finalized agreement for a JV by the end of April.
We are now in May and the number of 8-k's filed since last the 10-Q confirming these 5 significant events actually occurred? Zero.
Mexus PR's Released
1. All of this will lead to additional releases on the advancement from Irmex on the Mabel Project through the Mexus agreement and further down the road to finalize the definitive agreement as planned for late April 2022.
2. March 9, 2022 Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has shipped 2 tons of activated carbon to a US refinery at a time when spot gold is over $2,050 per ounce. The shipment was sent March 8th and is expected to be processed by March 21st.
3. January 10, 2022 / Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company) announced it is ready to ship gold laden activated carbon from production at its Santa Elena mine upon receiving assays from the import/export customs office. This shipment will be the second shipment since 12/20/21. The net returns will be published when results are produced by the smelter.
4. January 3, 2022 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has signed a letter of intent with Irmex Mining, a Mexican Corporation, for its Mabel project located in Northern Mexico. The agreement will include cash and a 10% Net Profit Interest (NPI).
5. November 22, 2021 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it will ship gold laden activated carbon to its Idaho refining partner by December 1st 2021. The gold will be sold at a 1.5% discount to spot at the time of smelting.
There's very little doubt its a troll job. Anyone who claims to have made money on this stock over the last 3 years from buying the lows and selling on the highs is flat out lying.
You've been given the reasons why, ad nauseum. You choose to disagree with the rationale. And that's absolutley your choice. Time will tell whose opinion is correct.
It is so amusing, and yet at the same time so frustrating to see folks rationalize the difference between .0038 and .003 as significant and proof that haters are just out to make Mexus look bad.
Yet those folks have no issue that the company claimed $128,000 in gold sales that actually turned out to be $59,000 in gold sales.
Why isn't this same level of scrutiny and demand of proof expected of PT and Mexus?
You do realize the information in that PR was discovered to be a lie in the 10-Q that was filed in February 2022 right?
Check Post #44243
It is a satellite photo of the Mexus US Location where Paul Thompson supposedly builds some of the machinery that is used for the mine.
There is a barge being built at that location. Street view maps also confirm the presence of a barge.
Can it be proven that Mexus money went to build it? No. But as the CEO of a one person publicly-owned company that is supposed to be building out a mine (which is struggling significantly and facing a toxic death spiral), that seems like a pretty extreme side project to be taking on.