Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well the 3 amended quarterlies are out. nothing new. Reclassification of the $millions paid to cohorts does not change the fact that $millions were paid to scam cohorts. And some still claim the scam theory lacks motive. Really???
The upcoming 10-K and next 10-Q will provide even more documentation of the payments to cohorts and the rampant dilution underway to fund these payments.
Jron, like all accomplished liars, Full of Malarkey arkie, mixes some half truths into his lies. His oft repeated "several decades for mines to come to fruition" comment is half true. The average time for a resource to be drilled out to turn into a mine is probably several decades. That's because the vast majority of resources drilled out are marginal or uneconomic when they are first discovered so many sit for years waiting for prices to rise, infrastructure to improve etc. Robustly economic mines get developed very rapidly because there is very strong economic incentive to do this.
Case in point is Pierina Gold deposit in a semi-remote part of Peru. From the first drill holes to the first gold pour was less than 2 years. It was discovered by a Jr explorer and Barrick did a very lucrative deal for the Jr. in a few months even though the deposit was only partially drilled out when they signed the deal. Mining companies are aggressive and fast when they get on to a good project.
Many open pit gold deposits are economic to mine at 1 g/t gold. Depending on which side of his head chuckiepoos brain ferts are coming from, ecpn has stated that el cap head "ore" is 0.4 to 1.2 opt gold_eq. This is 12 to 36 g/t. The dirt is at a shallow depth. Such a deposit would be extremely robustly ecponomic and the mining industry would be swarming. They still would be if it was even 1/10th the grade ecpn states. Academics would be studying it if it was 1/100 of what ecpn states. Absolutely none of that is happening and ecpn started their hard sell to the mining industry in 2005.
Don't believe the crap that it is complex ore. Complex ores are ores where the PMs are locked in sulfides. el cap iron skarn has little or no sulfides. ecpn management tell tales that the PMs are recoverable by gravity methods. If there were PMs and they were recoverable by gravity then the metallurgy would be simple and sweet. End of story. Confirm with a real metallurgist.
Git, yes ecpn has quite a collection of technological wizards and mining geniuses running their pilot plant. Ya got chuckiepoo and his vast mining experience (sum total = he sold 2 trucks to a mine once a long long time ago). Then you got DD, he drove a mine tram a bit and I think he might even have his HS diploma. Let's not forget lying larryloo, he is a proven world class expert at mining peoples pockets. They just run circles around the rest of the mining industry. Don't believe me? Just look at what they have accomplished in only 25 years.
Jron, and They have promised significant revenue for years and specifically $3 million from the lastest processing charade. Since they will not be able to ever post significant revenue from PMs, having a shareholder meeting, they don't need to have, seems kinda strange since they will be showing up empty handed. They have showed up basically empty handed to all the meetings but were able to fool enough shareholders so that things dos did not get out of hand. It is getting harder and harder to fool shareholders. So I think they called the meeting out of dire necessity because they are running out of authorized shares to fuel the rampant dilution which is essential to keeping ecpn afloat and $ flowing into culprit's and cohort's pockets.
They have carefully timed the meeting and concentrate shipment so they can explain away the lack of revenue at the meeting as just a slight delay due to 60 day payment period. Will shareholders believe this?
They may chicken out and cancel the meeting if they can find a way to up the authorized without one.
Shareholders have threatened to rise up for years. I have no faith they will actually do anything effective.
The lack of real data after so many years confirms the scam and makes full of malarkie arkie's arguments laughable. Critical data on the concentrates like grades, recovery rates, concentrate ratios etc. is essential to any mining operation. Not the slightest hint about this from ecpn. Because there are no PMs.
How much of the PM content is being lost to tails? Zero. How much is going to concentrates? Zero. Amazing, Ecpn has acomplished 100% recovery of zero PMs. And proud shareholders hold the rights to this revolutionary process.
The reason for the shareholder meeting in March is likely because they desperately need to increase the number of authorized shares so they can continue to fund the scam with rampant dilution. It may be that management can't effect the increase in authorized shares without a shareholders meeting and vote as it is an amendment of the company charter. It will be fun to watch them explain that.
stumble: "er ahh, we only need the shares for negotiations for selling ecpn for $gagillions. Nah we wouldn't think of selling them to raise money, we don't need the money, because like I told you in my lying presentation, we gonna get a big fat check anyday now. It should arrive by the 5th of Neverember"
yep,hard to see the rational of calling payments to managements mates as assets, the $1.2 million to DD, LL, AR to concentrate worthless dirt into worthless dirt are obviously scam operating expenses. I wonder how much of that money spilled into JS and CM pockets?
There once was a man named arkie
no one is more full of malarkie
He reckons managements lies
are no reason for cries
bend over and take them
right in the rectem
it’s your fault you believed the PRs
Yes panipoo, "panipoo" is a term of endearment. If I was trying to make fun of you I would call you "the dodger" for dodging all the important questions about ecpn.
the last update is reminiscent of many previous ones. An impending wonderful agreement with unknown entities bringing nirvana to ecpn land. All that is happening is discussions with a company possibly interested in the iron. Why not wait until there is a definitive agreement completed? Because the discussions will end with no agreement and no real interest from this entity. Puting news out about preliminary discussions is at least news that can be spun as something positive by the likes of panipoo.If they wait for the company to say thanks but no thanks, they got no news.
Git some nut cases say it's a REE mine. stumbleton hismself has raved about how they were getting $ from the osmium and rhenium in the dirt, but then they didn't get paid for anything because there was nothing
git, I wonder how long they can continue the dilution with delincuent filings. Dilution continues.
panipoo, if and when the 10K comes out it will show exactly what I have said it will show. Nil revenue, rampant dilution and $2 to $3 million in money raised from dilution disappeared. Where do you think all that money is disappearing to? Did it just evaporate like the PMs or is it hiding in certain peoples pockets?
panipoo hasn't always been so mindlessly fanatical. His deadline almost a year old. I guess he just can't figure out what can be done.
Pan4Au Tuesday, 01/31/17 02:40:42 PM
Re: georgeiporgi post# 1099
Post # of 1709
Recall the last shareholder meeting. I fully expected revenues by Dec. 31st. It didn't happen. So at some point you have to realize that either there is something there or there is not. Or management is incapable of delivering. March 31st is a reasonable deadline. After that shareholders should not take any more excuses. And yes there is something that can, and probably will, be done.
Git, I guess panipoo realized he was being silly and removed his post. The 10-K for the period ending almost 4 months ago has nothing to do with the current non-events.
panipoo, el cap has a small iron deposit, maybe 50 million tons at +-30% Fe. Australia has defined respources of 183,000 million tonnes at 42% and much much more undefined. Brazil has huge resources too.
At 30% Fe el cap has about $40/ton of contained iron which is heavy and expensive to ship.
The fastasy PM numbers invented by ecpn range from 0.4 to 1.2 opt Au equivalent for the dirt. That is $500 to $1500 per ton of contained fantasy metal. If they really had PMs they would not be even thinking about iron. The statement that USFS will not allow them the store iron concentrates is total BS to distract shareholders. ecpn has plenty of patented ground to store their tiny production.
The lack of significant PMs at el cap is proven by their nil PM production after 15 years of trying. Yes those nil PMs belong to you. Have at em.
When March-April comes and goes still with no significant PM revenue will you still be beating the PM drum?
No surprise there panipoo, I predicted long ago they would try and become an iron mine again. They actually have some iron, but I don't see how it will be economic. If they had 1/10 of the PMs they say they have then there would be 100s of internationally recognized geologists swarming el cap starting 14 years ago.
So what can be made of the iron? let's see concentrate the iron then ship the stuff 900 miles to Gavleston or 800 miles to LA. hmm at $0.15 a ton per mile how much does that leave you? When iron goes back to $120/ton you might make a few cents per ton. Can it compete with Australia where they they have direct shipping ore railed directly to port?
But this is just another fantasy deal which will go nowhere. Just like planet, precision, arrakis, aurasource etc. etc. etc. They put it out to distract from the fact that the concentrates they said were worth $3,000,000+ are actually worth nil.
What happened to the platinum doorstop they sent to Johnson-Mathey?
What happened to the 10K?
Panipoo, I was right again, barrels of worthless dirt will not get to refiner until the end of the month, no news on grade until after the shareholder meeting. They have had the agreement done for more than 3 weeks. Why just shiping now? So they can arrive at shareholder meeting with empty promises instead of the devastating fact that the cons have nil PMs.
Despite the overwhelming evidence that ecpn is a scam, there are still some cheerleaders. Full of Malarkie arkie and stumbleton’s arse kissing cousin are still promoting fantasy. The efforts of the 5 year World BS Eating Contest Champion, panipoo, should be recognized even if his efforts have fallen on deaf ears. Onebeliver has become a negative ecpn basher but he still refuses to admit that he should have listened carefully to ista 15 years ago. Will these scam facilitators and promoters admit they were wrong and apologize, disappear or continue their scam promoting?
Git, I think ecpn scamsters love it when lenders convert to shares as it extinguishes the debt. Dilution is what ecpn management does second best. Their number one skill is lying.
There are a number of huffy puffy shareholders, like hdoggydingdong and akecp, threatening to sue certain ecpn board members. I encourage them to do this but I have seen no sign they have the backbone to get recompense from the people who royally screwed them with lies.
However, I think the threats (even the empty ones) to demand a pound of flesh for the gross financial damage caused by ecpn BOD is having an effect on the new BOD members hence the current dissidence on the BOD leading to the delay in the 10K release.
So you may wonder, are the old board members not worried by the shareholders threats? Nah, CM is about done and will prolly be recused from testifying due to medical imperatives. If he gets to testify he will provide an entertaining testimony about nano-gremilns eating and ferting out the PMs into the air.
Stumbleton will claim total ignorance of the technical aspects and claim he was merely following advice of his “experts”, chuckiepoo and charlatan Davidson. Davidson will present assay results from labs saying he relied on these.
And what about Smith? He will say that his work relied completely on assays given to him by ecpn and he recommended that 3rd party verification be done. Testimony will likely go like this:
Judge: Mr. Smith, was this 3rd party verification done?
Smith: not to my knowledge.
Judge: Mr Smith, were you aware of all these negative assays?
Smith: No, these nil assays were not shown to me.
Judge: Mr. Smith, during your surface sampling program, were any of the samples not touched by handy randy?
Smith: He was in charge of the samples from collection to shipping.
Judge: Would handy randy have had an opportunity to add inquart to the samples?
Smith: He was in charge of the samples from collection to shipping.
And how will chuckiepoo testify?
Judge: When you received the numerous nil assays why did you not question the high values reported from a few select samples?
Chuckie: well gee we knew that there were these dang nano-gremlins messing with the PMs, so obviously the nil assays were caused by them eating and ferting the PMs into the air. The truth of this came to me in a dream. And besides I knew them gremlins were there cause they used ta crawl up my pant legs and make my balls itch.
Judge: Ahhhhh, do you have any scientific evidence to back up these claims?
Chuckie: Yes I sure do, have a close look at this rash on my two huevos.
And stumbleton?
Judge: As CEO you were in charge of assuring that PRs were as near to the truth as could be ascertained. How do you explain the world class errors in virtually all the ecpn PRs since you took over as CEO.
Stumble: Well, gol darn it, I was just putting out what my superduper experts like charlatan davidson and chuckiepoo told me.
Judge: Why did you not take into account the many nil assays and the fact that all the mining industry experts that looked at el cap reported their were nil PMs?
Stumble: As chukie said the nano-gremlins ate the PMs and crawled up his pants. Those industry exerts don’t hold a candle to my team of experts.
Judge: On what basis did you judge your team of totally unqualified “experts” to know more about PMs than industry experts who have spend their whole careers studying real PMs?
Stumble: becuz they are mi mates and they lie even better than I do.
They are still diluting like crazy so have the funds to pay the accountants to create a 10K. The BOD must be fighting amongst itself about content.
ecpn is a long running scam with no significant PMs. The cognizant of the scammed are starting to get angry, ya got a few deluded still so they may be able to sell more shares to fund more scamming but the failure to report prolly indicates that the new BOD members are scared of continuing the lies and getting sued. So the slightly honest BOD members and the totally dishonest pathological liars on the BOD are fighting each other and can't agree on which lies to put in and leave out of the 10K. Will they sort it out before they are declared non-reporting by the sec? Time will tell.
Panipoo, dd is a charlatan scam artist and snake oil salesman who has never ever produced any significant PMs
Panipoo, the history is clear that you and your mates have been very wrong about ecpn over and over and over. You have proved beyond any doubt that you and your mates have absolutely no idea about ecpn. You seem to be determined to continue to be completely clueless even though enlightenment has been offered to you.
Dick Silitoe told a friend of mine to sell his bre-ex shares, long before the unraveling of Bre-ex, not because he had information that Bre-ex was a scam but because Bre-ex did not allow industry experts to study the deposit. This type of isolation of a deposit from industry experts is a key feature of mining scams. If you gots the goods experts and academics will flock in and do excellent free work to be the first to be report about the deposit. Panipoo reckons investors should ignore the evidence and believe charlatans like dd
Git, you likely nailed it. They had 3.5 months to prepare the 10K. There is no positive reason to miss the 10K. The glaring inconsistencies of their story are coming to roost.
Git, you likely nailed it. They had 3.5 months to prepare the 10K. There is no positive reason to miss the 10K. The glaring inconsistencies of their story are coming to roost.
You got it panipoo, shareholders are in to take it up the bum bum from charlatan Davidsoon and associats
tomorrow everyone gets to see the huge dilution and nil revenue that occurred between June 30 2017 and Sep 30 2017. Will they bother making up some inventive excuses to entertain shareholders?
Git, I am not sure about security laws, but would guess they would have trouble exploiting their equity credit line if they are not reporting. That is the only source of funds they can rip off. So I would think they would remain reporting as long as they can. They will hafta raise the number of authorized shares, to above 500,000,000, if they are gonna keep up the rip off. I expect this soon.
git, panipoo's big suprise is who the refiner is. He thinks this matters. It will be as imporant as signing the contract to sell iron ore to Glencore. Glencore will sign a contract with anyone specifing that if someone delivers iron ore at a specific quality they will buy it a specified rates tied to world prices. Since it is totally uneconomic to dig and ship el cap iron dirt it will never happen. The contract with Glencore was only good for giving stiffies to some of the shareholders. This was a huge benefit to some who hadn't had one in years.
If they signed an agreement with a refiner it will have the same result on the ecpn bottom line as the Glencore agreement, nada. The refiner will take delivery of dirt, assay it and find nothing and ecpn will makeup excuses. The only thing ecpn will receive is the bill for return shipping or disposal in a land fill.
Well panipoo, my dear friend, I try and educate you to the truth about ecpn, but you choose to ignore the unassailable facts and logic in my words and believe the unending lies from the scamsters. When this current sale of concentrates goes down in flames with nil revenue, just like all the many in the past, will you finally come to your senses? Or will you believe the evasive fabrications from charlatan davidson that the nil revenues are merely a temporary metallurgical hiccup which he will solve with just another year of his exorbitant fees?
panipoo, sucessful legal action will get almost nothing in return, ecpn has zero value so there is no value to sue.
There is absolutely no evidence that environmental activists have affected ecpn in any way. That is just you making up excuses. The one and only thing stopping ecpn is lack of PMs.
panipoo, you must mean that cusing cuz 1cousin. He has certainly proven himself totally clueless with his record of ridiculously wrong posts. Not sure if he beats out Full of Malarkey arkie in that departament.
panipoo, it makes absolutely no difference who the buyer is. refiners sign agreements to buy concentrates every day of the week. payment always depends on real metal values in the cons when they arrive. The umpire will confirm the refiners assays showing that el cap dirt has nil, just like all the real assays of uncontaminated dirt have shown.
panipoo, would that train be leaving the station this week or in infinity weeks?
panipoo, your favorite forum commentator is none other then Full of Malarkey arkie. nothing he has ever said has ever come to pass. he is a paid promoter and you are his favorite mark because you will believe just about any lie that comes out of his mouth
panipoo, davidson is a proven charlatan. A practiced scam artist who could go toe to toe with stumbleton in a lying contest. And there is no extraction. That is just a fairy tale. If DD helped ecpn it was in convincing people to buy dilution shares to keep the scam going.
panipoo, we already heard how much, $zillions from the original 200 tons of cons. then there was a $180,000,000 from aurasource, twice. Then there was them there osmium dollars gonna go into ecpn pockets. But just like the current sale, those sales were all fantasy.
Gosh panipoo you always say that then nuthin happens. Yer as bad as ol stumbleton