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Exactly. I think going into debt to buy back is ridiculous too. Create more debt to put on the backs of shareholders
Dropping to .0001 again leaves no doubts? Hmmmm. As once said in here, "you deserve to lose all your money."
As we've been saying, the assays are nothing more than a scam. Grab sampling is utter bs for this level of information estimates. Legit company's came out and did real geo science and got the facts. Found it NOT to be commercially viable.
It's not just Parkinson who's put his name on the line, it's Blom also. This will follow him everywhere. Any legit company that does their DD on people can google him and he'll be forever connected to a scam. Don't believe that, look up Saner and see the cross reference on him and HGLC
Yes and if they go after disgorgement the shareholders don't get any of it
Yep, the scam scrap heap grows
Nice! It's the only thing this stock is good for
With no revenues, no assets, no more shares to leverage against borrowing (unless they raise the AS), considering the AS is equal to the OS (99% of it), how do they propose to borrow and how can they buy back?
Hmmm and in 2011 the pps was what?
Let me ask you:
1. What is the current NPV?
2. What is the revenue besides the shares?
3. What are the assets?
4. What is the debt?
If you answer these questions honestly, you'll see the real picture. Oh yeah! What does that look like? Scam!
Scam written all over it. Borrowing leveraged on what? Diluting more shares?
Wait until the no bid comes. This ones all but done
Nothing less than Saner. Saner fled the country. Who's heard from him since?
Exactly and he cannot plead stupidity
We'll see .0001's again
If they are serious about it, less than a year. 2-3 drilling rigs with a bore, they can run 4 bored a day each! Pack the core samples off to the lab and have them spec'd out, have a 3D geo map of the entire property.
That's "if" they are serious about it. Grab sampling? Please! That is the first thing you do as a company to see if your going to invest in the property. Way beyond this at this point. Quite frankly I'd ask the company to allow Parkinson to do a Skype conference call to the shareholders to answer questions. The numbers he's put in this assay.....bullocks!
I completely agree. I've said many times in here they've been thoroughly warned.
The grab sampling, bogus assays, no assets, fictitious debt...what part of that do they really believe this company is legit?
Yes. 50% drop with "good news"
Yawwwwn more of blaming shorty and zero proof.
Put them in a roll and they'll be "stroft" too lol
Encouraging? Based on what? No signature or stamp, no mapping, no depth valuation, no way a grab sample can be representative of .29 oz per ton! No way!
As far as not being a shareholder...irrelevant to these facts!
Absolute bullocks!
Grab sampling constitutes the random selection of rock samples at random intervals for
evaluation and detection of trace mineralization of the mineral being studied.
This is not exploration sampling from coring, and there's no way this can materialize into .29 oz per ton!
This is DD sampling as it says "detection of trace mineralization." From this you decide "if your going to invest into further studies (next level). The sampling that should have been done is core drill sampling! This is where a drill rig with a coring tube is on site under the direction of a geologist saying "drill here" and to what depth.
What else is missing? Where were the samples taken? What depth did the samples come from? At what point can I produce .29 oz per ton (depth)? Where is Parkinson's seal?
Think of more later. Very misleading at best and the CEO knows better.
Where is the 1Q report?
The problem is the number of AS. No way dilution can come. Diluted with 350 mn shares? Give me a break! Absolutely no logic
Nothing the boot brothers can say would have any weight. Their intentions are to destroy this company no matter who it hurts for their own pathetic reasons.
I doubt it
Seeing the reduced volume over the past couple weeks. I'd say it's on that track!
Completely agree. Check the T's and C's and you'll see that being a shareholder isn't a requirement to post
It's happened 5 times before. Do your DD!
Tic toc tic toc
Two books people should consider, "Mining for Dummies" and "Investing for Dummies."
These so called assays are nothing more than smoke n mirrors to dupe people into buying worthless shares. Sickening really
It's a good flippers stock on the low end nothing more. Some in here say it's going to run. I agree with them but in a different direction. It'll run into the ground soon. When they announce an increase in the AS it's all over.
Just from an observation, what about the buy back? No report on that so far... Don't expect one either. Do you really think they're going to buy back shares you've already bought from them? Seriously doubt it.
As another reminder, no assets plus no revenue (other than the shares) AND $20 mn in debt that's ALL wrapped into the share structure equals 1. Zero value; 2. Negative NPV; 3. Stock value of zippo; and 4. No good future outlook.
Lastly. Think about debt connected to shares. There's no financial commitment to the players, it's ALL on the backs of the shareholders. Now divide the debt into the share structure (since there's no assets and no revenues). Starting to see your share value?
It's been reposted by me 5 times and I was heavily criticised for it. A lot of proof posted in here. Lumb is actively involved AND people in here supporting this stock have linked it to the "sisters!" That in my mind is proof enough this is wrapped in scamville.
Spend your money how you want. Just don't say your weren't thoroughly informed. When it comes time to blame, and it will, just find a mirror.
This scam defies all logic. Why people invest in a known scam group for the long term is far beyond me.
Good luck in any case.
Great post. All you guys need to read this, it's solid advice
Check the grab sampling techniques. It's exactly as explained. Proves this sampling was inappropriate
Sampling 101 link:
http://www.norweco.com/html/Learning_Center/Sampling.htm
This dog ain't hunting. Great assays! Please. About as real as Monopoly money.
It really is nothing more than hype with an agenda to more than double the AS. Gotta have that revenue stream, use the assays to address it. All part of the set up. Johnny's red wagon and plastic bucket strikes again lol
Splendid assay derived from "grab sampling!" Johnny's red wagon and plastic bucket gone gold digging. Lmao
Lol. Yes and a huge loss for the suckers who buy it.
There is no massive short. The TA confirms all shares are accounted for. No shorting or he's file the forms on the MMs. So it ain't happening.