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OT: If it gets down to McCain or the Dems I am moving into Gold. McCain is a Dem in hiding, even talking about needing carbon credits started, which I think is a scam. He is not committed to tax cuts or immigration.
Let me tell you my personal experiience with McCain. He is head of the Senate Commerce Commitee. I was a Directv dealer for 12 years. One of the biggest complaints when Directv first came out was how to get the networks like ABC, NBC etc. They had the national feeds at that time out of New York and LA and wanted to offer them to subs, but McCain (whose largest contibutor every 6 years for his campaign was Cablevision) and his cohorts felt it would be unfair to the cable companies if we were able to offer national feeds to subs in a broadcast area or cable area. Therefore everyone had to also subscribe to Cable's basic teir. Even today those people from Pittsburg or New York, living in say Fl, who are willing to pay extra, can't get those channels added at an extra cost. He has always backed up the cable companies about a la carte programing being detrimental to them. He is a status quo guy, not very progressive. Couch Potatoes Unite
In my previous post I asked how many shares you owned and you said you owned or controlled 70mm shares. Are you adding up the number of shares people have emailed you with that they say they own as part of your control number? Just curiuos what you consider control.
I am so mad I could spit. This has all come up since Larry said he would be out of touch for 10 days getting our largest production ever going and now this threat to go to AGs over a pink sheet stock has killed any momentum we had.
Also, I need to clarify my post that there 173mm shares now. That was at the end of the year. I misunderstood. Since then, their have been additional shares for employees and necessities plus the 60mm in escrow for the TX venture. Now we are at 260mm, but if TX is not done we will be back at 200mm.
I just talked to Larry and clarified this and suggested maybe at this time with whats going on, maybe we should not go thru with TX and just concentrate on what we have for now. Obviously his decision is being second guessed, but he must have seen an opportunity for us to grow with this venture.
He said he has gotten about 30 emails, some hateful and threatening, with no phone numbers, asking what the hell is he doing with your company. If I were him I would sell and be thru with the many bozos he has to put up with recently.
I ask you to call him and not rely on a message board. Maybe we should all step back, take a deep breath, and let him develop the business.
I forgot to answer you about the TX company. It is with their lawyer for now. The problem came up when they tried to insert a rather large cancelation fee if the deal did not go thru. Larry told them the offer was on the table and take it or leave it.
Also I think I got that addage wrong didn't I? I am SO CONFUSED this am.
That line is why I picked up the phone and called. I asked Larry specifically where in the world he got to 260 million shares and he said actually after all the shares in escrow and dead shares are returned he felt it would wind up around 173mm shares and I rounded it off to 175mm. Please call Larry yourself at 760-613-8828
Henry, the only thing I can come up with is I think you have been had by a previuos owner of the shell and the transfer agent. Maybe you should hire an attorney and go after them or your broker because there has not been enough volume for 70 million shares traded ever, so you must have been issued them. Are your shares in street name or do you have a certificate? When this shell was arranged to be bought thru the guy in Fl, he tried to keep close to a hundred million shares hidden from Larry but that was resolved by legal threats and the shares being canceled, so I assume you have phantom shares issued by him. For a very brief time after the purchase and transfer of control of the shell by the guy in Fl, his filing still showed him as the person of record to be recognized by the transfer agent as the CEO and they erroniously beleived him even though he had sold the shell and had no legal standing. The transfer agent did not beleive Larry when he called and said that he was the CEO. It took a lawyer to get contol showing the guy in FL had no legal standing as he had sold the shell! If he issued shares after the sale, they are not real, as he had no authority or standing. It was a blatant attempt to defraud Larry and HatTrick by selling a shell but not going thru with the complete filing relinquishing control. Therefore I think your problem is not with Larry or Hat Trick, but with whomever had the shell previously and possibly issued you some 70mm shares. Maybe you knew this when you got the chance to buy them, but thought it was worth a shot. I don't know. The old addage of "If it sounds too good to be true, it probably isn't" may apply.
I am reluctant about relaying my conversation I had with Larry today, but since Henry has found it necessary to post a reply email from Larry, I have a few thoughts of my own. I am a little mad that someone who constantly barages our company with complaints for being a pinksheet stock has had me stewing all weekend, thinking I had been lied to. After all the new chatter in the last few days, I picked up the phone and called Larry. Maybe all of you should as well, except that he has his hands tied up with our largest production yet.
I specifically asked Larry where Henry was getting 260 million shares. It seems very few here, including Henry, understand the difference between shares held in escrow and shares issued. Shares held in escrow for a future event are not issued. Tx for instance possibly coming up are in escrow waiting on our DD, or better yet, when we put in our own filling line we put up shares with the bank to be held in escrow until closing on financing the deal. Those shares are now back in our treasury. We have revenues, but profits are put back into the business and sometimes the only way to pay is with restricted shares. Going forward we should be able to pay from profits for things like salaries, audits, attorneys etc. One thing to consider, if the people we deal with did not think those shares were of value, they would not take them...they would only take cash, which with our growth is hard when you have 10% profit and 25% growth. If everything comes together with the return of shares, he hopes the final OS will be around 175mm.
Let's get a few things in the open. Because it is BS! In the last 2 weeks Henry and his threats have been a constant interruption. Henry will not disclose here or to Larry how many shares he has. He will not say what he wants price wise for his shares as they were willing to buy him out if reasonable. Unfortunately for Henry, he should have kept his mouth shut and sold as his BS has cut us in half.
As to Henry helping Larry with a distributor, yes he offered up 2 friends of his......one in North Carolina who has a delivery company to grocery & convenient stores .....sounds good right. Well its a delivery company, not a distribution company, meaning we would still have to set up the clients for them to deliver our line to, and they wanted $50k for the privelage. NOT! The second friend Henry set up for Larry received a mixed pallet of our drinks and has never paid for them!
Henry, PLEEEEEZE don't refer anymore of your friends to Larry LOL
We either have faith Larry and our board are building a viable business and hold or buy, or if we don't like it or feel uncomfortable with our investment we sell and move on. I don't want to pretend that I know the motivation behind Henry's claims....maybe we should consider that as well!!!!
Everyone involved in this company is dedicated to building it to the point of taking restricted shares (2 years) in leu of salary, voted on and approved by the board. We are in the midst of our largest production to date.
I may be a fool beleiving in Larry, but with the number of shares I have, it could be wife changing! With the BS going on now, the change might not be what I expected
I think I am going to buy some Smith and Wesson (SWHC) Jan 09 leaps. Our military does not use any weapons made by a US company and contracts are coming up soon.(unbeleivable? even the berets are from China LOL) I can see them getting some sort of a contract just to create a few jobs.
I talk to Larry every once in a while encouraging him to spend time on the stock side or investor side of things, and he does try but it is at the expense of time needed getting production and new distributors. He told me that one attorney is dealing with the dead share issue and it is what it is as far as waiting on the SEC. They tend to drag their feet. I don't think Larry is lying to me about an audited financial statement being worked on either. As far as pinksheets update, by the time you give them all the info they want, you are 80% done for uplisting to BB. Did you know they want a full financial statement from our attorney, not just ours but his as well? I think we are close to moving that damn decimal point, but hey, what do I really know. I think within 3 months things will be much different for those that beleive they are stuckholders.
Could you please explain this part of your statement....were you asking for preferential or confidential information?
"I offered you a way to handle this between just you and I and your silence was deafening"
I would have been disappointed in Larry if he had responded to your threats. I agree with wanting many of the things you requested cleared up, but tying up money for lawyers to hold your hand in pinkland seems a stetch. As far as complaining to CO and CA attorney generals about a pink sheet company, that also seems a fantasy. They and the SEC certainly haven't done anything yet about real scams. The company is making money, does have production, etc.
I don't see any fraud here. Things certainly have not gone as I expected with the share structure clarification, but your panic seems a little too desperate. I will have an order in at .0025 for shares if you wish to put them out there........
realest, that link pulls up TCLT, not NCS. I wouldn't be shorting TCLT just yet
last nite's blog
01/22/08
We are starting a very busy next 10 days. I will be dealing with pre-production and production issues for the next 10 days. If I don't reply to e-mails in a promptly manner, I apologize. Production is an intense and arduous task. it is very important that everything goes well. Any mistake can cost not only thousands of dollars but we can lose valuable time.
I will talk to you all after production.
Larry
looks like its profitable
http://finance.yahoo.com/q/is?s=aqci.pk
A look at the future...maybe we are the switch for the new information highway....very intersting (about 5 min)
http://www.rimmkaufman.com/rkgblog/2007/02/28/karl-fisch-shift-happens/
Run seems to be fizzeling out. Hope for over .02 with news soon about merger
TCLT doing well, my only one. They had news Fri
from the blog. my sentiments
01/18/08
It has been a crazy ride the last two days. People seem to be upset with the December numbers.
Unfortunately, low sales in December, January and February is the nature of this business. From Thanksgiving until Super Bowl Sunday, most distributors are busy making beer displays and are not interested in other beverages. Also, when it gets cold in the North East and the Mid West people don't run into the store and buy a cold drink when they stop to get gas. No beverage company grows month over month. We are growing quickly over last year at this time and that is our goal.
Some people are panicking. Going into spring, we will be rocking again.
Larry
Pat....how about your thoughts on this TCLT PR
Press Release Source: Techalt, Inc.
Techalt, Inc. in Final Negotiations to Acquire Electric Vehicle Parts Company and Licensing Rights for Sports Injury Cream
Friday January 18, 4:54 pm ET
SEATTLE--(BUSINESS WIRE)--Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" the "Company") today announced that it is in the final stages of negotiations to acquire one of the largest online suppliers of electric vehicle parts and components. The Company plans to announce the signing of the merger agreement as early as next week.
ADVERTISEMENT
The Company also announced it is in final negotiations to acquire the licensing rights for a cream best known for treating and preventing open wounds to the skin often incurred through athletic activities. This cream significantly shortens the healing time for abrasions, laceration and blisters, and help to diminish the pain associated with those injuries. This cream is being used by several professional athletes. The Company anticipates a definitive licensing agreement by February.
Techalt a public holding company in the business of identifying, acquiring and developing early to mid-stage alternative technology, communications, environmental and health and wellness companies.
Forward-Looking Statements
Remember when Larry went to Chicago and purchased our own equipment to be added as our own system to our existing bottler's line, I asked how we were paying for it and he said thru a loan collatoralized by some restricted stock. The main reason we did it was because of the shape of the pumped fittness bottle which required a lot of time on the bottler's part to reconfigure the line when they ran our production. He assured me at the time those shares would never see the light of day.
mark
Maybe MLK, not sure but I heard on CNBC Rick the bond guy saying "remember we are going into a long weekend".
Those extra 50mm or 60mm shares are locked up (restricted) as I understand it as they were issued as collateral to the bank for the loan given for the bottling line we installed. The attorney is working on retiring the shares, but it seems the SEC is paper work challenged, but it will be resolved. It's a matter of the SEC rep, our transfer agent, our attorney and possibly a couple of the persons who originally received the shares all getting together to retire them or cancel them before they can be put back in the treasury. By the way, don't expect Jan and Feb numbers to be any better than DEC's as that is just the nature of the beast, but distribution will pick up around mid-Feb. Hopefully the audit will be done soon. I added a little on the drop
Are the markets closed Monday?
Reminds me of what WayneR always says
"all stocks are shit, all stocks are shit"
I was expecting a drop in production due to seasonality, but looks like we were absolutely dead in the water for Dec. Hoefully we will be back on track with all the new distributors. I was enjoyong being even last month, but now back to huge loss
se la vie
Remember that a lot of our new distributors still had vitamin water inventory left over. Traditionally this quarter is very poor as the demand for cold drinks falls off at this time of year, so I think some will be disappointed with this quarter. Just remember that our distributors will start reordering on a monthly basis soon, but it does take time to get the revolving business going, but I am confident we are in the right spot at the right time. This year should be exciting once the share structure is straightened out and the audit done.
nice update
Tara Gold - Exploration and Production Project Updates
Tuesday January 8, 9:55 am ET
CHICAGO, IL--(MARKET WIRE)--Jan 8, 2008 -- (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) -- Tara Gold Resources Corp. is pleased to provide an update on its current projects. Tara Gold is positioned to realize value from a pipeline of nine production and exploration projects in Mexico, an aggressive acquisition strategy, and dedicated management.
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Tara Gold is currently producing gold and silver from La Currita and expects production start-up from Picacho and Lluvia de Oro during the first half of 2008. In addition, Tara Minerals, an 82% owned subsidiary, expects to be producing from its Don Roman Lead Zinc, Silver project during the first half of 2008. Exploration and development risk is managed through partnerships. These partnerships have resulted in partner option agreements totaling US $40+ million in investments towards Tara Gold projects. Option interests are earned by partners in exchange for cash, shares, property payments and development costs, thus advancing many properties simultaneously.
Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Tara Gold's growth is accelerating at the same time Gold and Silver are making new highs. Cash flow from production is expected to increase substantially as Picacho and Lluvia de Oro are scheduled to see production startups in the first half of 2008. Tara offers investors excellent value and exposure to growth with a diversified portfolio of both precious metals (through Tara Gold) and base metals (through 82% ownership of Tara Minerals Corp.) properties. With multiple multi-million ounce targets and additional near term production scenarios, Tara Gold's is positioned to continue to deliver strong growth while limiting its risk exposure."
Management continues to be focused on delivering shareholder value by completing financial audits, listing on a senior exchange, growing production, enhancing exposure and acquiring additional advanced projects. A complete project update is provided below.
La Currita, Temoris, Mexico
Gold and Silver Mine - in production, expansion under assessment
Tara is currently producing mill tailings at a rate of approximately 300 t/d with an operating profit of U.S.$42.00 per tonne. Plans have been initiated to shift production to mined ore which should deliver head grades of approximately 3 times the value of the mill tailings. Additionally, plans are being made to expand the plant to 500 t/d. Two parallel mineralized vein systems have been identified -- the Sulema I and Sulema II. The head grade from the underground clean-up and Sulema II vein averages 200 g/t silver and 1.2 g/t gold while the open pit grades are significantly higher, reaching 750 g/t silver and 12 g/t gold and higher. Sampling has already shown the Sulema I vein to be at least 1,000 m long and is currently open in all directions. La Currita is located adjacent to Palmarejo (recently sold for US$1.1 billion) with some of the same vein systems continuing into La Currita. Given the consistency of the veins, the potential for significantly increasing the tonnage at La Currita is excellent.
Shareholder value will be enhanced through expanded production, an aggressive exploration program and a 43-101 resource estimate. Raven Gold Corp. has an option to earn up to 60% interest in the La Currita Groupings by making certain payments to Tara Gold, issuing 1,500,000 shares, making all remaining property payments (which have been made) and spending a minimum of $4.25 million by Nov. 2009. $1,375,000 of this is required to be spent, on exploration, by May 10, 2008. Tara is generating positive cash flow from La Currita and does not expect expenditures directly during 2008. All costs are the responsibility of the partner.
Lluvia de Oro, Sonora, Mexico
Gold Mine - scheduled to be in production by Q2 2008
Tara is working with its partner to quickly bring the former producing mine back to commercial production at an initial rate of 3,000 ounces/month during the first half of 2008. A Pre-Feasibility report confirmed economic and technical viability of the 286,948 ounces of NI 43-101 compliant gold with an increase possible through drilling. Mineralization is open along strike in both directions.
Shareholder value will be enhanced as 20% of the Net Cash Flow from the processing plant begins to flow to Tara Gold. Tara Gold signed an agreement with Columbia Metals Corporation, whereby Columbia can acquire 100% interest, subject to Tara's ongoing 20% Net Cash Flow interest from any revenue generated from the processing plant, by making payments totaling $4,337,500, and issuing 1,000,000 shares to Tara Gold. Tara expects to generate positive cash flow from Lluvia de Oro and does not expect expenditures directly during 2008. All production start-up costs are the responsibility of the partner.
Picacho, Sonora, Mexico
Gold and Silver Mine - plan to aggressively explore and produce in 2008
The Picacho Gold and Silver Mine includes rolling stock and an extensive processing facility currently capable of 250 t/d. The previous owners mined an up to 5 m wide vein structure for 3 years by driving a 5 m by 5 m ramp declining 8% extending over 1 km in length. Production came from several working faces averaging 4-6 m in width. Phase I drilling in June 2007 yielded 11.28 m of 15.57 g/t gold and 32.41 g/t silver. The work confirmed and expanded upon historic data derived from 22 previous holes. It also identified the potential for parallel zones with a combined length of 8.5 km.
Tara Gold signed at agreement with La Camera Mining Inc. whereby Camera can purchase a 70% undivided interest in Picacho with Tara Gold retaining a 30% carried interest once Camera earns its 70%. Shareholder value will be enhanced as La Camera plans to determine the best economics to optimize production, upgrade the mill and increase the resource from well defined targets.
La Camera is considering a 10,000 m drill program to define resources and test new targets. Production is also expected to commence during the first half of 2008 at an initial rate of 550 t/d which is equivalent to approximately 30,000 ozs Au/yr and 145,000 ozs of Ag/yr. The partnership will share the revenue at 30% to Tara Gold and 70% to La Camera. La Camera will provide production start-up capital and invest $6 million towards exploration over the next 3.5 years. Tara expects to generate positive cash flow from Picacho and does not expect expenditures directly during 2008.
San Miguel, Chihuahua, Mexico
Significant Silver Discovery - 2 drills currently drilling
To date, more than 24,000 m have been drilled and more than 1,800 m of trenching has been completed on just 5 km of the more than 8 km long mineralized structure. Structural, 3D modeling, geophysics and other survey work is currently being completed to help define deeper targets and potentially additional parallel systems. In January 2007, an NI 43-101 report outlined an inferred resource of 35M oz silver equivalent.
Shareholder value is being enhanced significantly through the ongoing US$10 million, 50,000 m drilling program. 47 of the last 53 drill holes intersected economic grades of silver, gold, zinc and lead. 30 holes are pending assay. The partnership has considerably enhanced the project technical team in an effort to systematically, and with the highest level of confidence, drill the growing resource. Tara Gold has a 30% / 70% joint venture agreement with Paramount Gold Mining Corp. Under the joint venture agreement, Tara Gold has 90 days to review all exploration expenditures prior to making its proportional payment. Tara Gold is current with its proportion of the payments and expects its proportions of the 2008 exploration costs to be approximately $250-$400,000 per month. Tara Gold has budgeted for these costs.
Las Minitas, Sonora, Mexico
Gold and Silver Target
A gold-silver system has been uncovered at the Las Minitas property in southwestern Sonora State, Mexico. The mineralization corridor is believed to cover a minimum 3 km strike length and is approximately 100 m wide. The El Negro target intersected 3.12 g/t gold and 43.80 g/t silver over 24.5 m, including a 1 m section grading 26.07 g/t gold, 273.50 g/t silver. Historical information indicates that 3 zones of interest are present.
Tara Gold is currently in a dispute with its previous partner regarding the Las Minitas Option Agreement and is assessing its options to advance the property. Tara Gold has budgeted for legal fees and property payments.
La Millonaria, Chihuahua, Mexico
Gold and Silver Target - exploration start-up in 2008
La Millonaria is a 20-30 meter wide silicified and stockwork veined, east-west trending structure that can be traced on surface for a minimum distance of 600 m, with additional workings present up to 2 km along strike. Scattered prospects and adits are present along the structure and selective historical mining has reported recoveries of 10 g/t gold on average.
Tara Gold signed at agreement with La Camera Mining Inc. whereby Camera can purchase a 70% undivided interest in La Millonaria with Tara Gold retaining a 30% carried interest once Camera earns its 70%. Shareholder value will be enhanced as La Camera plans to systematically and aggressively explore the defined structure and conduct a regional survey towards testing the larger potential as illustrated by the close proximity of Millonaria to both the Palmarejo and the El Sauzal mines. The structure appears to be strongly mineralized and hosts the potential to significantly expand the current zone. It also has the potential to generate cash flow in a relatively short to intermediate timeframe by processing the approximately 30,000 t of material on the property.
For Millonaria, La Camera will spend $3.75 million over the next 3.5 years and make all underlying property payments. Tara does not expect expenditures directly during 2008.
Curcurpe, Northern Sonora State, Mexico
Gold Target - exploration start-up in 2008
Curcurpe is located in the Curcurpe Mining District which hosts Carlin type gold deposits. The Curcurpe Project covers 6,000 hectares with multiple targets and historic mining over 1.5 km. There are high concentrations of gold-silver bearing vein deposits in the central and eastern parts of the Curcurpe District. Within Curcurpe, a vein structure has been traced for 3 km with grades between 1-8 g/t gold. Disseminated mineralization outside the main vein has shown grades of 1-2 g/t gold. Curcurpe is in close proximity to projects owned by Meridian and Penoles.
Tara Gold signed at agreement with La Camera Mining Inc. whereby Camera can purchase a 70% undivided interest in Curcurpe with Tara Gold retaining a 30% carried interest once Camera earns its 70%. Shareholder value will be enhanced as La Camera plans to systematically and aggressively explore the defined structure and conduct a regional survey towards testing the larger potential.
For Curcurpe, La Camera will spend $3.75 million over the next 3.5 years and make all underlying property payments. Tara does not expect expenditures directly during 2008.
Tara Minerals Corp., Mexico
Base and Industrial Metals - engineering study currently under way towards
production
Tara Gold established Tara Minerals Corp. to hold all base and industrial metal projects. The separation maximizes shareholder value and reduces dilution of precious metal holdings. Subsequently, Tara Minerals raised US$2.5 million by selling 5,039,200 shares priced at $0.50 per share. Tara Minerals currently controls 100% of 3 lead, zinc and silver properties. Tara Gold owns 82% (30 million shares) of Tara Minerals.
Tara Minerals has filed an SB2 towards obtaining a public listing in 2008. It has also begun installing equipment at the Don Ramon and Lourdes project towards production start-up by Q2 2008. Cash flow from production will be used to start aggressive exploration programs in an effort to establish NI 43-101 compliant resources. Tara Minerals has 36,539,200 shares issued. Tara Gold does not expect expenditures directly during 2008.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Las Minitas and Curcurpe projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
I am still holding and getting excited about the coming year. I hope the blog gets an update over the weekend
any idea why Etrade now will not accept orders online, but have to call it in to place an order?
I am ready for this to do something
Techalt, Inc. Achieves Debt Reduction as Part of Company's Reorganization Plans
Thursday December 20, 10:01 am ET
SEATTLE--(BUSINESS WIRE)--Techalt, Inc. (Pink Sheets:TCLT - News) ("Techalt" or the "Company") today reported successful progress on reduction of the Company's debt as part of management's plans for reorganization of the Company, settling certain debts previously listed on its books as a liability.
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Management believes that the debt reduction increases value to shareholders and continues to approach long-standing investors holding debt in the Company about settling a portion of this debt as a means to improve the Company's balance sheet. The Company plans to continue these efforts.
The Company is currently exploring potential business combinations and feels reducing its liabilities will assist in its efforts towards identifying and securing a potential acquisition target.
Forward-Looking Statements
This release contains 'forward-looking statements' within the meaning of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements'. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
Contact:
Techalt, Inc., Seattle
Media & Investor Relations:
Joseph J. Malone, 786-375-0556
Information@EquityDigest.com
www.EquityDigest.com
I am actually very optomistic about HKBV. This year has been great for setting the company up as a real company. We just need the share price to reflect the many good things Larry has done in building the company. Larry says he is spending this week on the issues we have about the share structure etc, and the audit is being worked on, but because of the growth it has become a little more complicated. Hopefully we will hear about some of these issues before the end of the year.
I have Directv and I had added and deleted channels a long time ago and just discovered I have Fox Business Channel (359) now. Nice change from the cheerleading on CNBC and some very nice looking hosts LOL. I wonder how long its been on the air?
Sounds like this divorce includes getting the ring back
"looks forward to seeing all of the data and historical information that is in the possession of Pershimco personnel."
Sounds like we may already have someone interested
"Tara Gold holds a strong positive opinion of the Las Minitas project and will seek to quickly build on the positive results received to date."
Tara Gold Retains 100% of Las Minitas as Option Is Terminated
Thursday December 13, 10:01 am ET
CHICAGO, IL--(MARKET WIRE)--Dec 13, 2007 -- (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) Tara Gold Resources Corp. announces that its Mining Option Agreement with Pershimco Resources Inc., pertaining to the Las Minitas groupings, has been dropped by the Optionee. As a result, Tara Gold now holds a 100% interest in the Las Minitas groupings.
Tara Gold and the author of the NI-43-101 technical report have always considered the report historic in nature and therefore should not be relied upon. Excerpts from our September 7, 2006 Press Release include; "Modeling, based on historical results from 36 reverse circulation drills" and "All resource estimates for the property are historical in nature, as they are based on work completed prior to the implementation of NI-43-101 (2001), and therefore should not be relied upon" and "The data source for the Las Minitas property is largely the 1995 Report by D.B. Peterson. Tara Gold is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI-43-101 and the historical estimate should not be relied upon" and "The property report recommends that additional work should be undertaken to increase the level of knowledge of mineralization at Las Minitas and to advance the known mineralization from the previous drilling program to a level of confidence compliant to the definition of 'Measured Mineral Resource,'" according to CIM. The report recommends geological mapping, geochemical surveys, surface sampling, and in-fill drilling.
Tara also made the authors available to the Optionee and the Optionee held discussions with the authors during the due diligence period and have been in discussion with them throughout the Option period for guidance. Prior to the signing of the Mining Option Agreement, Mr. Petersen also discussed the history of the property with the Optionee.
The purpose of the testing that was completed by Pershimco was to test and verify the accuracy of the historical results and even possibly increase the potential of the property. Tara Gold considers the recent results positive and looks forward to seeing all of the data and historical information that is in the possession of Pershimco personnel.
Mr. Francis Biscan, Jr., President of Tara Gold Resources, stated, "We are surprised by the decision that has been made by Pershimco. Especially given the recent positive results as stated in Pershimco's own press release dated November 27, 2007, where Pershimco's president and chief executive officer, Michael Curtis, stated: 'We set out to validate the historical work at Las Minitas... the positive gold and silver received at this early stage are setting the stage for an aggressive exploration campaign in the coming weeks.'"
Tara Gold holds a strong positive opinion of the Las Minitas project and will seek to quickly build on the positive results received to date.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Contact:
Tara Gold Resources Corp.
Website: http://www.TaraGoldResources.com
Investor Relations:
Tony Altavilla
Phone: 317-218-0204
Investor Relations Website: http://www.sfpindy.com
see post 1084
Tara Gold Retains 100% of Las Minitas as Option Is Terminated
Thursday December 13, 10:01 am ET
CHICAGO, IL--(MARKET WIRE)--Dec 13, 2007 -- (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) Tara Gold Resources Corp. announces that its Mining Option Agreement with Pershimco Resources Inc., pertaining to the Las Minitas groupings, has been dropped by the Optionee. As a result, Tara Gold now holds a 100% interest in the Las Minitas groupings.
Tara Gold and the author of the NI-43-101 technical report have always considered the report historic in nature and therefore should not be relied upon. Excerpts from our September 7, 2006 Press Release include; "Modeling, based on historical results from 36 reverse circulation drills" and "All resource estimates for the property are historical in nature, as they are based on work completed prior to the implementation of NI-43-101 (2001), and therefore should not be relied upon" and "The data source for the Las Minitas property is largely the 1995 Report by D.B. Peterson. Tara Gold is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI-43-101 and the historical estimate should not be relied upon" and "The property report recommends that additional work should be undertaken to increase the level of knowledge of mineralization at Las Minitas and to advance the known mineralization from the previous drilling program to a level of confidence compliant to the definition of 'Measured Mineral Resource,'" according to CIM. The report recommends geological mapping, geochemical surveys, surface sampling, and in-fill drilling.
Tara also made the authors available to the Optionee and the Optionee held discussions with the authors during the due diligence period and have been in discussion with them throughout the Option period for guidance. Prior to the signing of the Mining Option Agreement, Mr. Petersen also discussed the history of the property with the Optionee.
The purpose of the testing that was completed by Pershimco was to test and verify the accuracy of the historical results and even possibly increase the potential of the property. Tara Gold considers the recent results positive and looks forward to seeing all of the data and historical information that is in the possession of Pershimco personnel.
Mr. Francis Biscan, Jr., President of Tara Gold Resources, stated, "We are surprised by the decision that has been made by Pershimco. Especially given the recent positive results as stated in Pershimco's own press release dated November 27, 2007, where Pershimco's president and chief executive officer, Michael Curtis, stated: 'We set out to validate the historical work at Las Minitas... the positive gold and silver received at this early stage are setting the stage for an aggressive exploration campaign in the coming weeks.'"
Tara Gold holds a strong positive opinion of the Las Minitas project and will seek to quickly build on the positive results received to date.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Contact:
Tara Gold Resources Corp.
Website: http://www.TaraGoldResources.com
Investor Relations:
Tony Altavilla
Phone: 317-218-0204
Investor Relations Website: http://www.sfpindy.com
I think too many companies that enter into a JV agreement try to figure out any way they can to steal the rest of the property from the originating partner. I have seen it many times. Just because they made a contractual deal doesn't mean they can't try to wiggle around with false claims, sewing doubts, trying to make it appear as if we are over a barrel, when we are not. Just my thoughts. I am satisfied that this will be cleared up very soon
From website blog overnight
12/11/07
I am preparing for a quick trip to Chicago tomorrow morning. The trip has two purposes. The first and most important is a kick off meeting with our Chicago distributor. We are excited about the opportunity to open the Chicago market. We have had our eye on that market for a long time. The second is to check out some bottling equipment we have a use for.
I will let you all know how it goes when I get back.
Larry Twombly
President
Nice Fun Bags Mike
Can't watch my stock screen anymore so I am watching the Falcons press conference on NFL Network. Don't you know Arthur Blank wishes he had continued with Home Depot and never gotten involved with the Atlanta Falcons. The Falcons sure have had a lot of bad things happen for a seemingly good guy
I think PRO is playing hardball trying to undermine TRGD to get concessions
Larry emailed me back saying he agreed that these issues needed to be adressed and he would clarify things very soon. He is well aware of our concerns and is working on them
Takes all kinds of idiots to ruin a happy greeting. I say get over it