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Tick tock ... BOOM!
Starting to see some bigger buys at the ask - keep moving it up VNDM!
Classic - I am as well.
Nothing but great news so far. A couple months wait on the JAWS, but we're in business now. 10k tpd, here we come. Pretty nice revenue at 1 gpt...
...How much $$ is that again? Oh yeah, over $400k a day in revenue / $148 million a year at today's prices... I'm not too concerned about us making a profit from just one of our mines.
Next up - gold pour announcement on our first 250lb of precip (or maybe more than 250lbs?). Just like the JAWS happened, this will happen... any day now.
shotgun - your argument appears to be that they are stupid and that they don't know what they're doing and will never make any revenue. Everything they are investing is a waste and they are fools... correct?
Then, do you believe they will never release a PR or 8K showing the gold pour results of the 250lb (or more) of the precip that they referenced on May 15th's PR? (about two weeks ago)???
If you're right - he'll back off once the revenue news hits and let it move with some volume. Then when volume subsides, he'll start pushing to be the lowest priced seller again - or he'll be done accumulating and let it ride a bit.
I use to think he was exiting for someone w/o trying to push the price down too drastically, but its been a long time now (2+ months). You're probably right that he's accumulating for a run up. Let's hope the trigger is the pour results... Because if he backs off - we FLY!
I believe you are right - thankfully that hour is rapidly approaching w/ pour results coming shortly.
Although, the machinery is significant. It shows that they know something that we don't and that they are planning to make good on their goal of 10k tpd. No experienced business man would put that much $$ into machinery unless there was a lot of $$ to be made. Time will tell the story.
Yep - looks like they have what they need to ramp up to 10k tons per day. They'll do this in stages, but from the looks of it will make their target dates on this and ramp up in the the summer and fall, producing 10k tpd before the end of the year.
Should get an 8K any day now also on the gold pour revenue. Everything is coming together.
Happy Memorial Day weekend everyone. Next week should be an interesting week for MXSG.
Thank you to all our veterans! and the freedom they provide for me and my family!
I disagree. We're going to disagree on this continually, so this will be my last reply.
Its not ridiculous to state a company is in good standing with the SEC when it is a FACT that they are in good standing. Your opinion that it is not, but the SEC has declared they are in compliance.
In regards to the section 16, section 3 (below) outlines when the reporting person must report based on the "discretionary transaction". A discretionary transaction could be the amount in $$ the seller wants to acquire in a sale and can take multiple days, at which he doesn't specify the date of execution - or the number of shares, but the $$ amount.
https://www.law.cornell.edu/cfr/text/17/240.16a-3
(3) Solely for purposes of section 16(a)(2)(C) of the Act and paragraph (g)(1) of this section, the date on which the plan administrator notifies the reporting person that the transaction has been executed is deemed the date of execution for a discretionary transaction (as defined in § 16b-3(b)(1)) for which the reporting person does not select the date of execution.
Section 4 (which you quote) refers to the transaction trade date and prevents someone reporting months and years later after the "discretionary" transaction (in our case group of sales to acquire a certain $ amount) happens. This can be interpreted as the transaction execution, and the notification by the seller in form 4. Key word here is transaction, which defines the $$ amount the seller wants to acquire since they are not selecting the "date of execution" and not the amount of shares. It doesn't define the individual sales transactions but the overall transaction and the intent of the seller's transaction - which is to sell a number of shares (undefined) to acquire a certain $$ amount over an undefined date of execution.
(4) In the case of the transactions described in paragraphs (g)(2) and (g)(3) of this section, if the notification date is later than the third business day following the trade date of the transaction, the date of execution is deemed to be the third business day following the trade date of the transaction.
I'm sure you'll disagree, so I'll leave it for the board to interpret.
Most likely we'll close in the mid to high .07s today. They tried to shake the tree this morning, but basically no followers (very limited) got scared. We are not back with .075 & VNDM on the ask.
Some big news coming shortly.. Maybe Tuesday, maybe a few days later - can't wait.
To each his own. It's your $ to do as you desire and I wish you the best. I hope you accumulate a huge share volume and make it big here. I know I will...
Viva MXSG!
You are mistaken. MXSG and PT are acting 100% in accordance with the law. For two reasons...
1st, the SEC interprets their own laws and has declared MXSG in good standing. This is a FACT, not an opinion.
2nd, you are ignorant of SECs definition on "execution date" around form 4s as defined in title 17, chapter 2, part 240, section 16a-3. (Referenced in form 4 reporting). It notes that under certain circumstances (which apply here) execution date is the date the seller is "informed" of their transaction completion. Since PT is most likely selling through an agent this is the date he is informed of his desired sale. He is then required to report within the allotted days, which he has clearly been.
Here is a link for ref:
https://www.law.cornell.edu/cfr/text/17/240.16a-3
To clarify rwalia's frustration. There is a seller VRDM who has been selling for 2+ months in 10k increments (stacked) on the ask. This seller (VRDM) is usually the lowest ask and positions himself that way... In order for this thing to move up, we either need to buy through all his shares or have a big influx of volume - in which case VRDM is not stupid and moves his ask up.
Now, if you are an eager buyer and place your bid at .001 away from VRDM - you are hurting everyone including yourself because we need to buy out VRDM's shares to move up. Instead of filling VRDM's shares, other sellers jump ahead of VRDM and sell to you. You end up getting your shares for $20 less, but we make no movement through VRDM share block... Better to just buy VRDM's shares so we can move up in share price quicker.
In the end it won't really matter as this thing is moving up as production numbers come out... however, it would be nice to get rid of this frustrating MM named VRDM and move up faster... Savvy?
Realtorwsm - correct, I should have wrote 10Q (for quarterly), my mistake.
Not sure exactly when we'll get the 8K you're referencing (probably with a PR announcement as well) of the gold pour results. Depends on how PT wants to announce it.
(My Guess) He probably will want to confirm the exact $$ after the dore is refined into gold and other PMs, and use the 8K to announce revenue of the pour and MarMar's initial cost pay off - making it a 50/50 split of profit moving forward... (the pour should pay off Mar Mar's costs)
I wouldn't be surprised for us to get a PR stating the pour and the dore/ignot weight (we can then speculate on the $$) and the 8K later when we get the official $$ sold.
My expectation is that this will transpire throughout June. Pure speculation is that the next PR gives us an update on the JAWS (which allows us to move to increased tpd - ramp up to 10k tpd). Then a PR on the pour results or completion of a big pour without a $$ tied to it. (could be same PR as JAWS), and then an 8K indicating revenue $$ and MarMar pay off. This could all come next week, or could come throughout June - who knows... Don't sweat it - definitely worth waiting for.
This is all speculation on my part, but key thing is that everything coming is AMAZING NEWS! Takes patience as we are a start up mine, but everything is coming together.
We'll get a 10k shortly, but it will be from March 31st. Won't show the revenue yet. The next 10k will be from June 30th and will show revenue.
We're still waiting on hearing the $$ from the 250lb of precip being poured. That information will be released when ready and will also be in the 10k for June.
This is a game of patience... Most people who have sold over the last 5 months have sold because they are tired of waiting. (but make no mistake - they are watching for the results). When that info comes out, its going to be huge. When the stock moves back up, it will move up fast.
Looks like we "could" move back into the mid-.08s once we get through NITE's shares.
Meanwhile the mine is ramping up BIG TIME at Elena... tick-tock, tick-tock
patience will be rewarded here...
Wouldn't be surprised to get a PR in the morning.... notice all the equipment - but no Jaws... I think the last PR said they would notify us when it arrives. Could be in the morning...
Yep - agree - whats about to come out will blow our socks off...
Question is, will it come out tomorrow? next day? May not have to wait till next week...
Yep, lowered it to .075 and lower... caused the action on Friday.
People can learn a lot from today's trading.... Very fun to watch and shows you how much emotion plays into a stock price & volume. There are some smart people here for sure.
LOL - VNDM back on the ask with 10k for sale.
We shall know soon enough. Maybe Monday, maybe the week after...
I'm looking forward to hearing how much PM they smelt in ounces/$$. My expectation is that MarMar's initial costs will be covered and we'll be into the 50/50 profit split moving forward.
Will a profitable mine come to fruition? We'll see... MarMar & MXSG sure think so.
I'm beginning to see and understand your frustration with VNDM.
With the potential for huge news Monday morning - I wonder if we'll see any buying pressure today?
I'm still absolutely dumbfounded by the share price... unbelievable with whats about to happen.
Aqua - the PR from May 1st indicates two generators crossing the border in the same paragraph as an update on San Felix... (600 kvw & 750 kvw generator)
Our most recent PR indicates a generator that goes with the jaw crusher that is currently crossing the border.
I'm presuming that one of the generators is for San Felix and one is for Elena...(but this is a guess on my part)
Regardless - they are crossing the border this week or have already crossed and this is a 3rd. A delay at the border appears to be typical and a non-issue.
I agree - very good chance we get info on the pour next week. Now that's a big deal!
But, I'll hold onto the hope that the "launch" part next week is true ;)
Thank you Belgie - appreciate the education. Makes sense.
Too bad it is a low volume day. Nothing for sale above .085 until .20
Any buying pressure and we launch! Who knows, maybe that's next week...
Yep - and just so the board understands the first pour is for a lot of percip (250lbs worth)... Happening this week (may have already finished).
We will then be pouring gold routinely as MC filters fill up... So revenue will continue to come in for years and years.
PT has stated in interviews that his costs in MX are 30k a month, easily covered by revenue. We will become cash flow positive and selling to run operations will completely dry up. With very little debt and no toxic debt - company is set to begin dividends. This is something PT is intent on doing and it is even listed on the website as a goal.
It sure would be nice if the sellers will let the buyers chew through the 215,277 for sale at .085 (and not sell around it)... its then appears to be an easy move up into .09s based on what I'm seeing... Guess we'll see how today goes.
Good chance we enter back into the .09s tomorrow. I wouldn't be surprised for us to be above .10 by week end...
So much good news right around the corner - exciting times for MXSG!
Someone decided they wanted to buy a new car... but didn't realize they could buy a new truck if they broke it up in small chunks over the next few days... Looked like we were easily going to close in the .09s.
Peace out brothers
You can see the supply & demand shifting before our eyes.... Stock wants to move up.
The days of .08s are fading fast. .09s are dirt cheap and won't last long either. Those that sold off in the FEAR campaign are starting to buy back in.
Smelting gold (in earnest) as we speak... Out the other end comes revenue - which is usually good for the stock price. :)
GL to MXSG Longs
Me too - insane that we are below .12 cents... or .20 cents for that matter
Good catch Rickybobby.... Thank you - 35k tpd @ 1gpt is a huge number!
LOL - someone is still trying to sell in the low .08s... Are they following the company at all?
Even on low volume this should be twice as high. Next PR puts us from $0 in Revenue to a positive cash situation for 20+ years... Shocking!!
Love when PT does interviews. Appears MarMar is on track for 10k a day this year at St. Elena. 35,000 tpd at San Felix!! So basically early next year we will be running 45,000 tpd at both mines!! Do you know how much $$$ that is!
With MarMar as a 50/50 partner its basically proven this WILL happen. Love it!
Momentum has shifted... Due to the amazing PR yesterday.
http://www.nasdaq.com/press-release/santa-elena-project-update-20170515-00098
Sellers take note... The rest of May will be fun!
Pretty simple at this point...
PT has proven to be honest and reliable. All accusations over the last 10 months have been proven (over and over again) to be dishonest and completely unreliable.
PR says it best: http://www.otcmarkets.com/stock/MXSG/news/Santa-Elena-project-update?id=158949&b=y
"The company also announced that it is in good standing as it relates to the contract for the Santa Elena property. Mexus has in the past and will continue to abide by the terms of the contract. Please be advised statements published or otherwise communicated regarding the Santa Elena property by a third party or parties are not correct in any respect. These comments and actions may result in legal action both in Mexico and the United States of America."
Its not hard to see whats going on here....
Just so everyone understands.
250 lb of percip is a lot of revenue...
Using Troy OZ:
250lb = 3647 oz
125lb (50% recovery estimated) = 1824 oz
1824oz @ $1220 an oz = $2,224,670 IF ALL GOLD
Not sure how much will be silver, so you can be sure it will be over $1,000,000 dollars in precious metal in all that precip.
... Now if recover more than 50%??? or if there is a lot more gold than silver???
Its going to be a BIG number.
Everyone hold onto your butts - we could break north today. Not a lot of shares for sale and buyers are hitting the ask.
I'm not the expert, but have been researching to understand this. This is my understanding and I could very well be wrong. So I'm open to correction.
Essentially, to mine they need to blast, stack the ore on the pad, leach it with cyanide to a pond, move the material from the pond through the MC, and then remove the filter full of precip for pouring of gold.
Right now, they have 250lb of precip ready to pour gold (numerous filters). They haven't poured it yet, because depending on the using the exact right process means that they could recover a lot less then if they do it right. they have been dialing it in to make sure it is done right and so they maximize their precious metal extraction (see link: https://www.911metallurgist.com/blog/operate-a-merrill-crowe-precipitation-process). This is happening this week. So we'll get a nice revenue announcement next.
Now, to ramp up to 10k a day - they need to first get more material on the pads as fast as possible. They need the jaw crusher to do this, so that as they blast more, they can put more material on the pads faster. (Crush the ore for moving to the pads).
Once they are able to put enough material on the pads to ramp up to 10k a day (i.e. once the jaw crusher is running) then they can increase flow of cyanide to the material on the pads and increase the flow through the MC( material from the pregnant pond into the MC). to increase the flow to the MC, they need more filters in the MC because they will have to start replacing the filters daily. My understanding is that 4 filters and replacing 1 a day should do it for 10k a day. (but could be wrong)
So essentially the jaw crusher is a critical piece and the filters are a critical piece (seen in the PR). When they have these, they can then work to increase the flow through the MC as they increase the ability to stack ore quickly and increase the replacement of filters filled with gold.
I would say that this is all under a plan, however the jaw crusher got delayed at the other mine (probably legally) and now is clear to move. They are ramping up as they bring in revenue. I believe this is all planned so that it is done correctly. I expect them to meet the timeline by their estimates. However, there is a good chance they will deliver sooner.