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Steady at the bar there boys... and no beligerent frat boy behaviour when the strippers turn up... ok?
Cheers, J.
This has nothing to do with whether they release a PR or not, its about what happens when a permit is issued and Mining Operations begin... You want to cling to the idea that theyre just going to roll up and start extracting Ore for delivery to White Mesa Mill... good for you Windsinger... but the PR doesnt say that, I'm not hedging my bets, In my opinion they will not be producing Uranium Ore for commercial sale from the claims they are currently seeking permits on any time soon, it will be exploratory mining operations to further prove the resources...
Can you show me where I stated in my previous post that they either CAN'T begin Mining Operations, or that they are flat out lying... can you do that Windsinger...?
If you think that my DD is bashing, then you have a very strange concept of what it is to bash a stock.
I read the PR's too, I attempted to draw your attention to the interpretation of the phrase 'mining operations' and what that potentially entails, but you seem to have glossed over it in your retort in favour of suggesting that I am merely a basher, intent on describing RSDS as liars... interesting take... you are aware the the world isnt flat... right?
Cheers, J.
Flix,
FYI heres a litte more information about the standard required of the two independent geologists who will be conducting these NI 43-101 surverys on RSDS claims.
This was posted earlier by Righty who was removed as board asst Mod today, a decision I do not agree with and an explanation for which has not been forthcoming by the board Mod, that question still stand Makes.
Posted by: righty
In reply to: None Date:4/3/2007 2:41:36 AM
Post #of 36501
What is a 43-101?
National Instrument 43-101 (NI 43-101) is a rule developed by the Canadian Securities Administrators (CSA) and administered by the provincial securities commissions that governs how issuers disclose scientific and technical information about their mineral projects to the public. It covers oral statements as well as written documents and websites. It requires that all disclosure be based on advice by a "qualified person" and in some circumstances that the person be independent of the issuer and the property.
A qualified person (QP) is defined in NI 43-101 as an individual who:
a) is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these;
b) has experience relevant to the subject matter of the mineral project and the technical report; and
c) is a member in good standing of a professional association.
NI 43-101, together with its Companion Policy 43-101CP and Form 43-101F1 Technical Report can be downloaded from the Canadian Council of Professional Geoscientists website.
No windsinger,
there are no bashers here, the bashers left when Blue and Ice left a month or so ago... what you have here are certain individuals who think that factual information is as worthy of discussion as the constant speculation about when the 504 is going to be exhausted.
If HDSN was on the ask I would worry about dilution. If the cmf were red I would worry about dilution. If we had massive volume with the pps going down I would worry about dilution all we got is bashers no dilution. April 10th pr The Company plans to begin mining some of its claims, pending regulatory approval, in May. May 2nd pr. The company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May. Now the May 2nd pr didn’t say pending regulatory approval it didn’t say pending johniraq’s approval it said they plan to begin mining operations. When they do the stock will go up.
Youre quite right, the May 02nd PR did not say pending JohnIraqs's approval (bordering on funny there... congrats..), it didnt say pending regulatory approval, it did say they plan to begin mining operations...
Now the board Mod has stated categorically that my DD has to be delivered with details relating from whence it came... In contrast however, speculation is allowed on this board... so let me begin with the speculative part before I deliver a little DD for you Wind... Are you speculating that as the May 02nd PR did NOT say Pending Regulatory Approval, that regulatory approval has already been given...? Quite an important distinction dont you think...? and precisely the reason that we have been conducting the Due Dilligence we have, by contacting state and Federal Agencies... My DD is sneered at, but your speculation that regulatory approval is a done deal is just fine.... is that the situation here...?
Moving on...
The company said they plan to begin Mining Operations... The following is the interpretation of Exploratory Mining Operation used by the Bureau of Land Management, US Forest Service and Division of Oil, Gas and Minerals in Utah State.
MR-EXP
This Notice of Intention to Conduct Exploration form applies only to exploration activities. "Exploration" means surface disturbing activities conducted for the purpose of discovering a deposit or mineral deposit, delineating the boundaries of a deposit or mineral deposit, and identifying regions or specific areas in which deposits or mineral deposits are most likely to exist. "Exploration" includes, but is not limited to: sinking shafts; tunneling; drilling holes and digging pits or cuts; building of roads, and other access ways; and constructing and operating other facilities related to these activities. A $150.00 initial application fee is required to accompany the application form and annually thereafter, until the operator reclaims the site and obtains a formal release from the Division.
As you can see in Bold, the term exploration covers much more than the extraction of Uranium Oxide and Vanadium Ore... I guess identifying where it actually resides and being able to access it are trivial aspects, but necessary none the less...
So onto the DD which has been so roundly criticised on the board lately, to my surprise I must admit... facts are facts after all... Not only that, but as an RSDS shareholder, who is very long this stock, I believe it makes perfect sense to confirm that the company is actually doing what they tell us they are doing... or is that somehow an alien concept here...?
After speaking to Mr Ted McDougall who is the resident geologist at the Monticello Field Office of the Bureau of Land Management, he very kindly informed me that permits for mining operations in Utah State are required to be issued by both the State Division of Oil, Gas and Minerals, and the Federal Authorities, either BLM or US Forest depending on where the claims were located. He also knows Anthony Brandt (for those who dont know, Russell Industries registered agent in Utah and former 1/3rd equal partner of The Pay Day Claims, and who I talked to the following week) and he told me that Anthony had been into the office to discuss the permitting requirements with him, but that he had referred him to US Forest as the claims were to be found on their land...
The requirements for permits to be issued by both Federal and State Authorities are that a Notice of Intention be submitted and approved, and in the case of the Feds, also a reclamation surety/bond.
I attempted to contact US Forest, but they were unwilling at this point to divulge any information related to the submission of a Permit Application by Russell Industries.
I then spoke to Susan White and Paul Baker at the Division of Oil, Gas and Minerals in Salt Lake City. They were both very helpful and explained once again, that both Federal and State Permits were required prior to Mining Operations taking place. At this pointin time (5/3/07) neither one had heard of Russell Industries, the company was also not registered as a going concern with the Utah Secretary of State, which is a requirement prior to the issuance of a mining permit in Utah.
On May 10th Paul Baker sent me the following e-mail... it confirms Anthony Brandts conversation with Ted McDougall at the Bureau of Land Management in Monticello and expands on the requirements for an Exploratory Mining Permit...
-----Original Message-----
From: Paul Baker [mailto:paulbaker@utah.gov]
Sent: Thursday, May 10, 2007 11:40 PM
To: xxxxxxx
Cc: Susan White
Subject: RE: follow up....
I found some information:
Tony Brandt spoke with the BLM geologist in Monticello (Ted McDougall) about this operation. It's on Forest Service land, so the BLM will have little/nothing to do with it.
Ted told me Russell Industries wants to go into an existing mine and take some samples. They also talked about doing some drilling. Once they get a better feel for what's there, they would submit a plan of operations for a mine.
If the operator gets the paperwork in, exploration could begin fairly quickly, potentially in May.
This is all the information I have at this time. I am trying to reach the Forest Service geologist to see whether Russell Industries has actually filed anything with the Forest Service, but I know the State of Utah has not received a permit application.
I have checked back regularly for updates from the Div OGM and Paul Baker has since confirmed for me that on the 14th May, Russell Industries registered with the Division of Corporations, thereby meeting the requirement to file for a permit with the state, but that a notice of intention had still not been received.
Then on the 17th of May, I received notice from Paul Baker that he had spoken with Joel Nowak (US Forest Service) who informed him that they had received an exploration notice of intention from Russell Industries.
In my humble opinion this is great news, it confirms that Russell Industries are actually moving forward as stated, but as distatsteful as some of you may feel it is to read, it also seems to suggest that the timeline for the projected start of Mining Ops in May is very tight indeed... It is entirely possible that they do begin, but it is much more likely to be support operations and identifying the location of Uranium and Vanadium Ore than the actual extraction of it...
Although RSDS could go it alone, as suggested by them floating the idea of BRW (Brandt, Ramsay, Wilcox... anyone... recognize the names?), to mine these claims in house so to speak, I'd really like to see a JV or buyout take place...
Ok.. now this is the part where you all bash me for delivering the DD and then go back to considering the completion date of the 504...
Cheers, J.
Ok, thats a little clearer, you're referring to the preliminary geological survey carried out by Clive Bailey... thanks for clearing that up...
Correct me if I've misunderstood you here.... one of the big reasons you bought shares in RSDS is because the Atomic Energy Commission has commissioned Geologists to survey RSDS Claim areas...?
This is interesting, do you have a link to a document or a copy of whatever PR reflects this information... after all, you wouldnt want to be accused of promulgating an inaccurate statement or misrepresenting the facts right?
Cheers,J.
I hope as well as giving everybody a good laugh, which is something Loof is known for delivering here, the irony of this message gets through to those who need to learn from it most...
Very reputable distinction... is that a technical term...?
Could somebody please advise who, or on which board I take up an issue of a board Mod who has removed an Asst Mod... I would like an explanation of why this has taken place, but the Mod refuses to give any.
I dont believe anybody was requesting that you defend the CEO, just use a little judgement and patience as Board Mod prior to posting it.... you continue to make this statement about the more and more we speculate the more and more speculation arises, but you have chosen not to address the latter portion of my last post makes....
Have you seen me engaging in speculation on this board...? at all...?
By contrast what have you spent a large amount of your time speculating about for the past few weeks...? If youre going to make these bold statements, perhaps you could lead by example...
Quite so, if it hadnt been leaked by the recipient, we would never have been any wiser about its existence as the NASD do not make public statements referring to these type of enquiries, and we are still unsure what type of enquiry it was exactly arent we...? So what did it achieve...? not a whole lot on the face of things.
For an individual who seems to put a huge emphasis on Berman being the primary source of information this is surprising, you know very well that at the time you posted this letter, a request had already been submitted to Berman for commment and permission to post it, but did you wait...? No.
Further is this portion of your post....
I posted the letter from the Nasd in the Ibox. I care less where it came from or how it was obtained. Its a legal document. Our main goal here is not only to keep the company real and protect its integrity with information furnished us by Berman, but to protect investors, arming everyone with as much information as possible.
Now how does this last part suggesting keeping the company real, and that investors be armed with as much information as possible tally with your rampant speculation of late and recently stated opinion that relevant PR's from Berman should be effectively considered as the 'most' legitimate form of promulgated information....?
Cheers, J.
It did indeed become a public issue, and how exactly did that come about.... ?
The document was leaked by its recipient to a member of IHub who then passed it to you Makes, and you then chose to post it in this forum... at the time you offered this post...
Posted by: makesumgravy
In reply to: None
Date:4/21/2007 11:52:00 PM
Post # of 14377
I posted the letter from the Nasd in the Ibox. I care less where it came from or how it was obtained. Its a legal document. Our main goal here is not only to keep the company real and protect its integrity with information furnished us by Berman, but to protect investors, arming everyone with as much information as possible.
He didn't have to but it would have been appropriate for Berman to underscore what if anything has changed with the first of these claims. READ all of it!. There is no claim that Berman has done anything wrong they just want validation on the Pr's that were previously released.
If anything has changed though we should have been notified of this in a PR. So we'll soon see. I think its all rather exciting with the Nas and all.
If its all found kosher or if anything has changed the Nasd will confirm they are satisfied or they are not, if anything has changed the Nasd will report their findings, or should!
Remeber also that we haven't been investing in Google. I guess all I could afford of that stock is 5 shares. LOL maybe?
You subsequently removed the letter three days later and followed up with this post, in stark contrast to the sentiment you displayed in your first...
Posted by: makesumgravy
In reply to: None
Date:4/24/2007 12:13:09 PM
Post # of 14377
I am removing this Nasd letter till we find where it came from and until Berman responds to it. Any further questions regarding it will have to be done to either the Nasd or Berman. Blue and that clan are not gonna continue on this campaign of theirs.. I me sit here and watch it unfold week after week.
I'm sorry makes, but I'm getting really tired of your contradictions. Tonight you have railed against speculation but have been one of the most rampant speculators on this board. As the Mod here, you cannot just change your opinion like the weather... we need some consistency here....
I want clarification of this statement... As Mod of this board are you suggesting that you will no longer tolerate my posting the result of valid Due Diligence lines of inquiry in to the public forum by way of this board... and that I may only pass that information on in the form of PM's?
If so, then what has this board become...? Just a place for you to engage in rampant speculation... Makes, do you really want me to start dragging up some of your past posts as evidence of just how far of the reservation you seem to have strayed as Mod here...?
Clarify what you mean by your prior post please...
Hey Loof...
at last, an oasis of reason in this desert of fluff and overactive imagination... gasp...!
Thank you for laying out quite succintly, what seem to be quite obvious facts, but which in large part seem very much to have been overlooked.
I would just clarify one issue though, your item #3, Russell Industries stated in their May 02nd PR, the following...
This acquisition raises Russell Industries current total of San Juan County Uranium Claims to 254, covering an area of 5,080 acres. The company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May.
Quite specifically this seems to have been misinterpreted in my humble opinion, as the extraction of Uranium and Vanadium Ore for sale... however, if we look at the Utah State Oil, Gas and Mining Divisions interpretation of Exploratory Mining Operations (as it is an exploratory permit which has been applied for from federal authorities, the State and Federal distincitions are however the same), we can see that in includes much more than Mining Commercially viable quantities of Ore, specifically, work to support mining operations...(setting up for mining) and actually identifying the presence of the targeted minerals...
MR-EXP
This Notice of Intention to Conduct Exploration form applies only to exploration activities. "Exploration" means surface disturbing activities conducted for the purpose of discovering a deposit or mineral deposit, delineating the boundaries of a deposit or mineral deposit, and identifying regions or specific areas in which deposits or mineral deposits are most likely to exist. "Exploration" includes, but is not limited to: sinking shafts; tunneling; drilling holes and digging pits or cuts; building of roads, and other access ways; and constructing and operating other facilities related to these activities. A $150.00 initial application fee is required to accompany the application form and annually thereafter, until the operator reclaims the site and obtains a formal release from the Division.
Now, this could certainly do with being clarified by Mr Berman, but I am not expecting the sale of Uranium Oxide of Vanadium ore to occur any time soon, and certainly not in May, if Mining Operations begin, in my humble opinion, they will be focused on identifying commercially viable quantities of Ore and supporting the larger scale exploitation of such down the line... notwithstanding a JV or buyout of course...
Cheers,J.
Sorry Makes, but are making little sense tonight...
Berman can PR what he likes, but it does not make a parrallel inquiry to the Federal and State authorities responsible for issuing these permits any less valid. These officials deliver the facts pure and simple, just as we confirmed ownership of the claims by downloading the documentation from the bureau of land management site, we can independantly gauge where Russell Industries are in the application process by submitting a request for information to the state or federal regulatory authority responsible for issuing these permits... how that makes no sense to you is beyond me...
Cheers, J.
Serve no Purpose...?
Is this a serious statement...?
Do you mean to suggest to me, that confirming with Federal and State Authorities precisely what point Russell Industries is at in their application process for exploratory mining permits and what other considerations need to be met prior to issuance serves no purpose at all, and the only legitimate statments are those that come from Berman...?
I beg to differ Makes... You take the word of the CEO and his word alone at your peril in my humble opinion, any official statement coming from a Federal or State official regarding this regulatory process and Russell Industries participation in it, is very valuable in my opinion, it is independant confirmation of what we have been told is the direction Russell Industries is moving in through their previous PR's.... that you would make such a statement is further evidence in my opinion, that you are wildly off base here...
Cheers, J.
Makes,
Thats an admirable goal, I hope you manage to elicit a reasonable response from him, while you're at it you can get him to confirm for you that he has had no contact with me other than the one e-mail I have divulged to this board, that would suit me down to the ground, I am nobodys whipping boy, not Bermans, not yours, and I will deliver the facts, as I uncover them to this board.
Further Makes, if you are looking for an explanation to why the flippers have got this stock by the balls right now, perhaps, in my humble opinion, you should read back through the post of the past couple of weeks and look at the rampant speculative posts posted by some of the regulars here concerning the end of the 504, which, as far as I can see, is based on nothing more than wishfull thinking... this obsession has done more, again in my opinion, to attract the attention of flippers to this stock than anything else...
Cheers, J
Hey Lucky...
I'm afraid that's one position I'd chew through my own arms to get away from... I have no desire to be associated with Russell Industries to any degree other than the few shares that I hold...
As for offending me, its not an issue. I would welcome, and positively encourage all forms of reasonable debate on this board, from supporters and dissenters alike... I would just prefer that those with a forthright opinion one way or the other bring facts to the table to support their position is all... its benefits all those activiely participating on the board as well as those watching from the sidelines if the true nature of RSDS, their current and projected operations can be discussed with a dash of reality thrown in for good measure....
Cheers, J.
Hey Flix,
agreed, on all you have stated... but I would also like to see real fact and reasoned debate about this stock return to this board... the speculation and rumor is way out of control here IMO.
Cheers, J.
To date you are one of the most rampant speculators on this stock Makes, and I take real issue with your assertion that Berman is communicating with a 'selected few'... I have said this many times, but will do so again in the hope that it will sink in with you...
I HAVE HAD NO CONTACT WITH BERMAN OTHER THAN ONE E-MAIL CONFIRMING THE NUMBER OF SHARES EXCHANGED FOR THE PAY DAY CLAIMS... certainly no phone calls... is that clear?
I have made the effort to speak, as you well know, to a multitude of people from State and Federal Agencies, as well as the notary public, floyd bleak, anthony brandt et al, in an effort to get to uncover the real facts behind this stock... have you Makes? have you made any effort to DD this other than read what others have written and engage in pure speculation..? And now here you are attempting to cast a shadow over those who have put so much effort into trying to get to the truth...? I'm surprised at you...
Cheers, J.
Hey Lucky...
If you want my honest opinion about that I'll give it to you.
I dont know Berman, have never spoken to him, so I cant offer an opinion on what he cares or doesnt care about. I think that the temptation to focus a little frustration on him certainly manifests itself when you buy into this thing and the price drops for sure... I know I'm holding shares bought at a higher PPS than is currently available, but heres the question Lucky... What would you have him do about it at this moment in time, seems to me he's set his stall out and hasnt really deviated from what he said he was going to do at this point, not supporting him, but that just happens to be the case... do I wish he would communicate a little more with shareholders...? Sure, but I dont want to see fluffy PR's designed only to boost the PPS in the short term, I'd rather see substance as and when it becomes available and a steady progression by him in the right direction. All the DD I have done to date points to this being a legitimate operation, if I uncovered anything to the contrary, I would deliver that information likewise, the anxious frustration of traders with money on the line isnt going to force the extraction of Uranium Ore to happen any quicker than it takes for it to be achieved through the regulatory process that exists. In an ideal world, we would just roll up and dig the f'cker out, but unfortunately, its not that simple...C
Cheers, J.
Makes,
youre frustrating the hell out of me at the moment...
I'm going to skip over your comments on the 504, I think the speculation about that has just spiralled out of control to be honest... the last RegD filing was end of April'ish when the amount sold was in the region of $460k, have you seen another filing since then...?
...You want parameters on the time frame for production...? Makes havent you been following anything thats going on with this stock... wouldnt it be a good idea perhaps to begin by getting permits to explore the claims, identify where Uranium Oxide and Vanadium bearing ore is located prior to rolling in there and blindly digging up rock...? We've been told that independent geologists will be conducting surveys on all of the claims... surely these steps come before the deliver of production assessments.
Cheers, J
Makes,
Firstly and for the record, I have received one e-mail from Rick Berman which at my request, confirmed facts that I dug up a couple of months ago now, about the amount of shares he used to Purchase The Pay Day Claims from Floyd Bleak... nothing else, period... is that clear?
My e-mails to Berman have received the same response as everybody else here for the most part, directing me the the pink sheets website for information, I do not have a line of communication with him, your post seems to suggest that 'some' investors do, and I am a little irritated by that.
My DD Makes, has been borne of some focused digging, and a hell of a lot of phone calls and e-mail.... If you think I take any great pleasure in reporting that this may not happen as quickly as we all initially thought it would, then you are mistaken, I am invested in this stock also, heavily so, but the facts are the facts whether you want to hear them or not...
Sorry to have to take issue with you like this in the public forum, but as the Mod of this board, you have some responsibility I feel, to bring a dose of reality and reason to this board, unfortunatley it seems that you have let your enthusiasm run away with you somewhat, not only that, but it now sounds like you're getting a little upset... I cant for the life of me understand why you continue to suggest we are owed multiple PR's, they are working the problem, when they have something to report, they will, until then, pick up a damn phone makes or write some e-mails if you want to know whats going on... you seem so surprised that certain individuals seem to know more than others, but you dont seem to be taking this consideration into account..
Cheers,J.
Thats just great Dak...
and just how frenzied are those same individuals going to be, when it becomes clear that their expectations may have been raised a little too quickly, too soon in this stock.
I dont mind being attacked by people for bringing facts to this board, like them or not, I believe that the potential for RSDS is great, but I'm not willing to overlook what has to be done to make this a reality. PR's from Berman may come tomorrow, next week, next month who cares, you dont need a PR to find out what this company is doing, just pick up a phone and write e-mails... these are state and federal agencies they are dealing with, they dont have the luxury for the most part of telling you to keep your nose out.
The pumping is out of hand Dak.
Cheers, J.
Flix,
as long as you insist on comparing apples and oranges, I'm afraid you are going to hear from me on this... It is my desire to ground enthusiasm on this board in fact, I'm sure you can understand where I and others are coming from on this.... rumor, supposition and straight up wishful thinking dont cut if for me I'm afraid.
You are incorrect in your assumption that the geology found on the claims owned by Liberty and those by RSDS are similar. Libertys claims identify Breccia Pipes as their focus, these are formations which under immense heat and pressure are explosively formed underground in a similar way to diamond bearing kimberlite and can be highly mineralized, but not always are, heres a more in depth explanation from ICMJ's Prospecting and Mining journal, fyi... http://www.icmj2.com/01Dec/Dec01Feature.htm
By Contrast RSDS claims are to be found on an upper saltwash member and in tabular sandstone formations. I happen to believe that the potential for RSDS to exploit massive amounts of Uranium Oxide and Vanadium Ore is huge, but not based on the operations of other companies a state away. As for your decision to choose RSDS based on a declining PPS, fine, thats great mate, I prefer to base my decision on the intentions of RSDS, what they have done to date, and their projected future operations, thats all...
Cheers, J.
Hey Flix,
Once detailed geological surveys of the claims have been conducted and samples tested it will then be possible to extrapolate the value of the claims. As in this paragraph below from the link to the Liberty Star PR you posted earlier, you can see that they state they will be carrying out 'additional' detailed geology and geochemistry. I havent looked closely at Liberty Stars Operations, but this statement would seem to suggest that they are much further along in actually 'proving' their assets than RSDS are and have already carried out a degree of detailed geology and geochemistry on their claims.
As reported by the Bureau of Land Management last month, the number of uranium claims in the Arizona Strip area has doubled to about 4,000. Liberty Star's North Pipes Super Project holds 2020 of those federal lode mining claims and two Arizona State Mineral Exploration Permits -- about 65 square miles. These Liberty Star lands cover at least 350 breccia pipe targets (Pipes) which have the potential to bear uranium. Liberty Star will use some of the proceeds from the funding for additional detailed geology and geochemistry to prioritize all 350 Pipes over the next 120 days. The ranked Pipes will be drilled sequentially using both joint venture as well as Company funds.
Of the 254 claims held by Russell Industries, a preliminary geological survey was conducted only on the 54 Pay Day Claims, the preliminary report WAS favorable, but the sample results have not been released by RSDS to date. Further no other geological surveys have been conducted to our knowledge on any other claims owned by Russell Industries. It is for this reason that speculation about the value of RSDS Assets is entirely that at this stage.... speculation. They may very well contain the motherlode of Uranium and Vanadium Ore, but until that is confirmed by geo, it means very little.
Cheers, J.
Hey King,
I dont disagree, its the speculation on valuation of claims which doesnt make any sense without the geo surveys to support it at this point. If you have any doubt about whether or not I support this company (or am even interested in the facts and not purely rumor and speculation), I would ask you to read through my posts to date on this board. And in answer to your question, yes, I am long RSDS, I came here following volume a while ago, flipped a few, did some DD, and realized that this could possibly be the cheapest, legitimate Uranium Play in the market place, so far, I havent found anything to disuade me from that position.
Cheers, J.
Digitaltradz...
sorry mate, but are you just not reading the prior posts on this board, any of the DD that has been done, the IBox even... Two independent geologists will be NI43101 reports by years end, but nothing will be going on until permits are issued by State and Federal Authorities... it is this process that needs to be focused on in the short term... everything else is incidental at this point IMO. Russell Industries have made a lot of progress in the right direction, but some hurdles still remain, once they are cleared, and survey reports start to surface, we will have a much better idea, based as it happens on fact, just what the yield might be, and what the future holds for RSDS.
Cheers, J.
That was my point initially, not exactly a comparison, but parrallels were being drawn between the price of an OTCBB stock based on their recent lode claim acquisitions in the Arizona Strip,(for which they have received 2 State Permits incidentally), and RSDS, my point, RSDS is pink sheet and no permits to date, hence no comparison...
I'm not going to take the bait and attack you for your ridiculous comments, instead I'm going to try, very patiently, to lay this out for you...
If you take the time to read back through my posts, Sir... you will see EXACTLY where I am coming from first of all.
To date, I have spoken directly with or had e-mail communication with the following:
Floyd Bleak, US Minerals, 1/3rd equal partner in The Pay Day Claims.
Anthony Brandt, Registered Agent for Russell Industries in Utah partner in BRW Mining and former 1/3rd partner in The Pay Day Claims.
Derryl Jack, Notary Public whose notary stamp and signature appears on The Pay Day and Rage Claims.
Ted McDougall, Federal Bureau of Land Management Geologist in San Juan County Utah.
Susan White, Utah State Division of Oil, Gas and Minerals.
Paul Baker, Utah State Division of Oil, Gas and Minerals.
Clive Bailey, professional Geologist who conducted the preliminary Geological Survey on The Pay Day Claims...
Do you know who these people are, what part they have to play in RSDS's attempt to exploit these claims, do you fully understand what the requirements are to mine these claims, where the claims are, who the custodians of the land are, what the pitfalls and hurdles that have to be cleared are...?
You have no idea just how far up the wrong tree you are barking if you think I am trying to depress the price of this stock... as for your comments on thinking that the PR's meant what they said... If you truly believe that MINING OPERATIONS means they are going to be extracting Uranium Ore prior to the end of May, then yes Windsinger, you could be just as dumb as you suggest... Try looking at the State of Utahs distinction of exactly what Exploratory Mining Operations means and you will see that it entails much more than digging Ore out of the ground, you are entirely Nieve if you believe that there is nothing more to it. Try looking at the Federal requirement also, you are obviously smart enough to know by now that a State AND a Federal Permit is required right? Make sure you get the right Federal Agency though, If you speak to the Bureau of Land Management they wont be able to help you, but you obviously already know that right? Once you've discovered that there is a distinct difference between the time it takes to receive a state permit and that required for the approval of a Federal one, including EPA requirments, Public Comment period etc, maybe you'll begin to understand that our aim here, is to temper the enthusiasm of all those who are BOO YAHHHING from the roof tops so they are not sorely dissapointed when the end of May comes around and Uranium Ore is not rolling to White Mesa Mill... Is that clear enough for you....?
Cheers, J
Hey Righty...
Yeah been busy, I really wanted to take an active part on the board again but I've been reading it lately and its so full of hot air its not true...
There are actually a number of people on this board who have delivered a significant amount of accurate information in the way of DD. I would humbly suggest that anybody who has a genuine interest in where RSDS are currently in their attempt to exploit the resources within these claim areas do a board search and a little reading. For the flippers and soon to be momo players, you can go play with the lego at the back of the class....
Cheers, J.
Windsinger...
April 10th pr “…The Company plans to begin mining some of its claims, pending regulatory approval, in May.” May 2nd pr “…The Company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May.” Notice no pending regulatory approval looks like they got it done or they know they are going to get it done. They are going to start mining operations this month and their aren’t that many day’s left in this month. The volume we had last week looked like front loading to me, the money flow is green how often have you seen that and only retail is selling for .0009. I think big mining pr big volume 504 over with pr and penny land this month. I could be wrong but with the down side .0008 I’ll bet money on it.
Have you read any the previous posts offering DD on the board... do you know how many different types of mining operation permits there are (Federal and State) in Utah, do you know what the requirements are to be granted a permit, what the regulatory procedure is, are you of the opinion that Uranium Ore is going to be mined in May... DO YOU WANT TO KNOW....?
Cheers, J.
AC...
No response...?
If somebody offered me that kind of answer to the question you posed, I would have leapt on it and asked the obvious question... WHAT...?
What information is out there in the public domain that allows us to 'know' with some degree of certainty where RSDS are in this process... and yet, nothing...!
A full day of Boo Yah... GO RSDS... and yet when real meat is offered in the way of discussion, its shunned...
Surprising..
Cheers, J.
Hey Flix,
dont take it personally, I could have picked any one of a hundred posts here to take issue with, yours just happened to be the first one to catch my eye... I'm just asking questions to see if there is substance to the enthusiasm thats present on the board, and if anybody out there has their beliefs grounded in anything more than pure speculation.
Cheers, J.
Hey Petty,
The question shouldnt be 'is my hand up?', but rather more unfortunatley it should be, 'why on a crowded board full of so many traders with such enthusiasm about where RSDS is heading... am I the only person with my hand up...?'
Cheers, J.
AC, there is enough information in the public domain to enable us to draw conclusions with some degree of certainty as to where RSDS are in this process...
Cheers,J
Hi Windsinger,
This is a good place to start, I'd like to suggest two things, the first is that we examine that statement and the second that we get a proverbial show of hands amongst those now frequenting the board to ask who thinks they know exactly where RSDS are in the process of 'beginning mining operations'...
Cheers, J.
Hey Flix...
We are fishing in the same pond!
Its certainly not the otherside of the country, but its not exactly the same neighbourhood either Flix, the Arizona Strip is in NW Arizona, RSDS claims are in SE Utah.
Furthermore they are on the otcbb and to consider .001 as optimistic is not a fair valuation for the 254 claims considering the price of UX. and the proximity of the milling plant which according to Liberty's pr is now open for business.
Not sure what youre saying here.... who is on the OTCBB...? RSDS is a Pink Sheet Stock and as for .001 no being a fair valuation, I dont disagree with that per se, but I dont see how despite all the speculation at this point ANYBODY can place a valuation on these claims at this point in time, regardless of the PR release by RSDS regarding amounts of Uranium to be mined. As for the proximity of the milling plant, I dont see any reference to that in the PR you linked to in your previous post... If you are referring to the MESA milling plant, we know it has been undergoing a refurbishment and is currently stockpiling Ore to mill.
Cheers,J.
I think Lasernat is referring to the point in time when the arms race decline, nuclear energy becoming a dirty word and the price of uranium being so low that digging it up was not economically viable led to the end of the Uranium boom so to speak in Utah...
Cheers,J