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"Even better up 2.8% annualized...we’re rich!"
Regardless, the stock price has held in this range for the past month, even though there have been no updates on production matters. Doesn't seem like the toxic death spiral predicted by many on this board.
"Down she goes...come on .01.."
Shows just how easily this stock will move, it these guys can ever get their act together.
As I stated, the proper progression of the project at Elena requires a JV partner. MXSG can continue at Ures on their own.
Ures doesn't need a partner, hence why they are looking to get started with the VAT setup there. Elena requires a partner for the heap leach process. No way MXSG can do that without a JV.
So what? The loan was paid in full. Move on.
Whether the loan was paid on time, ahead of time or late, it is a fact that it was paid.
All the predictions that starting last Monday millions of shares would begin to be sold every day and the stock would plunge precipitously in a toxic death spiral turned out to be wrong.
Where I come from, and where I would venture to say that most people come from, a loan that is taken out and subsequently paid in full is looked on as a positive event.
"those instruments are known as "toxic" for a very good reason."
Actually, a lot of money is owed to them from MarMar. Will be interesting to see if there is any court action or other activity concerning clawing that money back.
"But be prepared for criticism if the positive news is not credible."
Actually, the most wearisome posts are by those who constantly badmouth the company to the point of near libel. And when something actually happens, which they had been predicting would never happen, they just ignore that positive event and move onto the next set of topics for badmouthing.
Ok. So you are firmly on record that MXSG will never escape the toxic death spiral.
"I believe the fat lady sang her last aria."
I actually agree with you that MXSG is not the first company to be successful in paying off a toxic loan. However, prior to the loan actually being paid off, the feeling by many posters constantly posting negative info on this board was that the toxic loan was 100% inescapable and that MXSG would face an imminent death spiral and subsequent demise.
Just pointing out how wrong they all were. Of course, none is them are coming forth to admit that, now that the loan has indeed been paid off.
"Really makes little difference because the eventual demise of this pile of barren dirt (or muck pond or vat full of nothing if you prefer) is IMMINENT.
I wonder how the amateur weekend miner is making out raising $250,000. Not too well I'll bet."
There were many on this board predicting the imminent demise of MXSG due to its inability to raise the amount of funds needed in order to pay off their JMJ toxic loan. To some, it was a virtual certainty that the money could be raised; once into toxic debt, MXSG would never be able to escape.
I don't see anyone of that opinion posting any mea culpa's today and recognizing that MXSG actually did a pretty impressive thing - seek funds directly from long shareholders and succeed in a limited timeframe to acquire the necessary funds to pay off the loan. Obviously, the deal with the shareholders must be with much better terms than was the case with JMJ.
"Care to comment on your many posts here on the board about the imminent demise of this company in a toxic death spiral to be caused by non-payment of the loan?"
Haven't heard back from you regarding my earlier post. You seemed so sure the loan was not going to be paid, that no company has ever escaped the death grip of a toxic loan. I am curious to understand what was wrong with your reasoning. Seems like MXSG may be the very first company to ever succeed in paying off a toxic loan. That's a pretty positive event, no?
Care to comment on your many posts here on the board about the imminent demise of this company in a toxic death spiral to be caused by non-payment of the loan?
"come on down .01"
"
"Second, is it believable?"
"All they need is 12k."
And how do you know that the loan is not going to be paid?
FYI, I could be wrong, but I don't think Monday is the toxic loan deadline. I believe it is the following Monday, 5/21. And no, I am not going to take the time to dig up the PR link where the deadline is stated. You are welcome to do so. Not a big deal either way whether it it this or next Monday.
Now according to Mr. Market, a healthy volume on an up day today may mean somebody knows something.
Getting a little testy, I see.
Is it "innuendo" that the company openly admitted to funding MarMar behind the scenes for some length of time, without telling investors?
No.
Is it innuendo that the company constantly over-promises and under-performs?
No.
Is it innuendo that the share price has lost 90%+ in the last 18 months?
No.
BTW, that last rhetorical question was a serious case of cherry-picking. I can cherry-pick too. Note that the share price has increased by 1000% in the last 27 months.
Who are you trying to prove your point to?
either it was fabricated by the poster, or fabricated by the IR guy.
Moral of the story is don't take for gospel anything that is posted on a message board. Due your own research.
Hmmmm. You have certainly not believed the "person who is always in the know" when he posts that MXSG is the real deal and that there is a ton of gold waiting to be processed. So why would you suddenly believe him about the supposed Paul Dent posting?
You are entitled to your opinion. And that is all it is, an opinion. You have no way of determining what the truth is. This is an anonymous message board. Anyone can post anything they want to on this board without having to provide a shred of supporting data.
And, BTW, anyone can subsequently heed your call to action and post that they are a member of the private board and Dent posts there all the time. And you and nobody else could provide proof of such a statement.
And just how do you know that all this is true? Because some anonymous poster on this board posted information that IR supposedly posted to a private board?
You have been awfully skeptical of just about everything MXSG has posted in previous PR's, but you don't carry that skepticism over into that post from the supposed IR guy? No, you grab it and run with it in several recent posts.
We all need to remember that whether it is Garcia posting stuff about MXSG having halted operations or this recent post about the IR guy posting to a private board, that none of this information can be verified as true or false.
Read everything on here with caution.
The ball in in your court, Git. You are the one who is constantly bringing up the issue of Form 4 filing timeliness. So call the SEC yourself, since you are the one so upset about this, and let us know what you find.
Beyond you why it's down here? It's the failure to execute the last 7 years that's why.
Agreed, T. This is not a buy-on-the-news PR. Simply states progress, but nothing is substantiated. Stock is not going anywhere until real news of production is confirmed, that is, the chemical kinks have been finally worked out.
Actually, MEXUS has INCREDIBLE amounts of GOLD...
SILVER and COPPER too.......Confirmed.
Subsequent events, sure. But do you really expect them to announce a first pour in subsequent events and not in a separate PR?
Does it really make a difference if they are late a few days or a week?
The 10-Q is not going to discuss any events past December 31. In other words, a PR is still needed to address what is currently going on.
But then again, you knew that already.
Your private survey doies not address the issue of whether these long-term large shareholders are still buying. It only accounts for what those shareholders currently own.
And I will bet any amount of money that the vast majority of those long-term large shareholders are no longer currently buying in volumne. Because if they were, the stock would be rising.
Good point about the market cap comparison.