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Agreed on that front. Plus their outstanding share count is much smaller than MXSG.
Well, they actually closed at $9.45 yesterday, although I doubt that will be the case today.
FYI, two wrongs don't make a right. Just because another company provides little to no information about such an important event in the life of a mine doesn't mean that MXSG should show the same disrespect to their shareholders.
We all await concrete pour numbers. Nothing much else to say. Frankly, don't care about anything else.
What it will take is concrete numbers of a gold pour; tonnage processed and ounces sold. Yes, it is good to know that this or that is being refined or being brought to the site. But at this point in time, nothing else really matters much other than a PR which announces how much gold has been sold.
Yes, it's "show me the money" time.
Believe me, I would be most happy should a run up occur prior to 8k news of a pour. However, starting back last October when we were told to expect a very Merry Christmas, the company has raised expectations for the timing of a pour unrealistically. Because of that, I think most shareholders are in a "show me the money" stage now.
Hey T. The tonnage and assay info in 8's post actually came from the recent PR. No speculation there. 8's problem, however, is in thinking that by the company simply stating those numbers that the stock would move up.
Those numbers are still estimates. Until we get concrete numbers of what was actually sold to a 3rd party, they will remain estimates.
All in all, a much better crafted PR than what we have been getting in the past. We are getting close, but it's not soup yet.
Saying that there is 16k tonnage on the heap and that the assays show 1.2gpt and 10gpt isn't going to move the stock anywhere. These are all estimates. The company needs to actually smelt the material and sell the gold and silver.
The proof can only be in an 8k filing which states unequivocably what was sold. They need to prove they can profitably get the dirt to market and become a producing mine. Then the stock will move back up.
You never answered my repeated question about what additional machinery you consider missing to the project. What is not there that should be there?
Good one!
Well said. I agree that this PR was a step in the right direction. We have indeed had too many PR's which are vague and can, therefore, be misinterpreted. We just need the facts.
Good to hear there are 250lbs of precipitate. That bodes well for a smelting. That being said, I do hope they can follow up on their promise to do the smelting and get the large jaw crusher onsite this week.
Time will tell.
Are you still predicting a drop to 5 cents and lower?
Friday, in general, is the worst day for a press release. Almost all the PR's from this company have been published on a Monday.
Yawn.
As I have posted here many times, until this company releases detailed news (tonnage processed, ounces produced, forward guidance on future pours and realistic ramp-up to processing 10k tons per day) this stock will continue its downward draft.
Long-term shareholders have shown a great deal of patience. But it's truly "show me the money" time. I do have confidence we will get there. But I do not have confidence it will be well communicated by the company.
Where's the link?
Link to the legal journal please ...
Never said charting is the only tool that matters. No absolute here. But they are an important part in the overall scheme of things, and matter more especially when there is a lack of news or clarification of fundamentals.
The lack of detailed news is why we are here in the 8-cent range instead of the 20-cent+ range or even higher. Yes, all of your line items below help to clarify why the stock price has been dropping. However, the charts help to explain why we look to have bottomed out in the 8-cent range rather than the 10-cent or 12-cent or 15-cent range.
I am hardly an impatient investor. Been in this one for 4+ years and have added shares over that entire period of time. I am no longer adding until I can get confirmation of the financials. I do prefer when management is transparent and this management is not. That doesn't mean I believe there is something nefarious going on. I am clearly not the only one who is feeling this way or otherwise the stock would be much higher than it is right now.
Many others are also waiting for a more detailed confirmation of the financials of the leach project; not just me. I am just one who is willing to discuss it.
Spot on, DJ. There are those who poopoo charts, as though technicals magically won't apply to this particular stock. But let them explain just why this stock has retraced from 23 cents to the 8-cent range and holding.
The reason why the stock price has dropped these past few weeks, despite 2 PR's, is because those PR's were disappointingly lacking in details. Sure, we know that some gold was poured. But we do not know how much, what the overall tonnage processed was and how many ounces of PM in total were realized.
Without those details you cannot expect this stock to do anything but trade sideways to downwards.
Current shareholders, like myself, are for the most part maxed out and are no longer buying in quantity. New shareholders are not going to take the plunge unless they are given the details cited above. A prospective investor of any merit is not going to take a bunch of posts on this or any other message board at face value. They need concrete details about the leach operation in order to judge the profitability and long-term success of this company. Nothing else matters.
I do hope PT and Marco understand investors' need for more information.
The short count is very low, so I don't see shorting as having any influence on the share price. The drop is simply because of lack of detailed news on the pour (tonnage, ounces produced). When details are announced, we will see buying coming in again pretty strongly.
Not too worried.
Thought only MM's had that ability on the OTC.
Hey Eddy,
FYI, individual investors cannot short an OTC stock.
I care less about the exact timing of a PR announcing the real pour (as opposed to the test pour this past Monday). I do care that when the real pour is announced that it be accompanied by real numbers as to tonnage processed and ounces produced. That is the only way any current or future shareholder can evaluate the company's prospects.
Yes, the potential is quite exciting. But the proof is in the numbers.
I have already overbought on MXSG so am in wait-and-see mode. Would be nice to get some news on Monday.
BTW, bottom line PPS determined as EPS sounds nice. But it is kind of hard to determine when you don't have the earnings part of the EPS. Need real numbers from the company.
Well, they did state in the last PR they are expecting 1gpt. Granted, that is not definitive until the initial pour is complete. I do agree that, in spite of what a certain poster is saying, there is no prohibition against providing the tonnage, assays and ounces produced. He is saying they have to wait until the next quarterly, and that is totally wrong.
After all these months of predictions of liftoff once they started pouring gold/silver, I do hope to hear sooner than next quarterly, hopefully next Monday, but maybe not. They would have had this week to get the pour(s) in order.
When you get a chance, do post a link to the video the drone took.
Got it. Pics aren't going to do anything to move the stock price at this point in time. That is, unless the pics are of a series of gold and silver cones with dimensions and weights!
The PR this past Monday wasn't a real announcement of a first pour. Firstly, it was only a "test" pour. Secondly, there were no accompanying stats such as tonnage processed and ounces produced.
That is why the stock price is where it is today. Market needs real financials.
Each investor has their own approach as to how they interact with a company in which they have invested. I have never been one to invest in a company and then take on a marketing campaign for them. If a company has the goods, and I do believe Mexus does, then the market will ultimately catch up with that realization and price the stock accordingly.
My recent e-mails on this thread have been along the lines of stating that the current price range for this stock is limited for so long as we continue to have a lack of production details from the company on the leach operation. That's not a negative statement; just the current reality.
That's it, plain and simple. The stock is not going to run up, as it did to $0.23 earlier this year and to $0.60 many years ago, on expectations of what could be coming. I believe those days are over. The current shareholder base is mostly maxed out from having already bought what they could. New investors are not going to jump on board without having more definitive information as to the grades that were produced in this first round of leaching as well as the reliability of future pours. Mexus has to now show the market that it can produce efficiently and profitably. That can only come with the release of detailed numbers in a PR and with the timing of subsequent pours, so that an investor can reliably predict what the cash flow scenario will be.
Sure, there has been a lot of progress made. But the rubber meets the road as to what the financials are. And we have had virtually no release of the financials on the project to date. That is what is needed to get the attention of those beyond the current shareholder base.
Don't misread my postings. I am a big fan of the company and have a substantial holding. I have been in this stock for 4+ years, so can wait this out, as long as I see continued progress like of late. But I am not about to jump on the "Mexus to the Moon" bandwagon any time soon. The company will settle that issue with the release of real numbers for the project when they deem it appropriate.
I am not discouraging any investor from doing what he/she thinks will get the company more public attention. I am simply saying that the best thing to get everyone's attention is not in our control but is in the hands of MXSG. That is, MXSG needs to release a PR with details of their pour (tonnage and ounces recovered).
Those details will move this stock far more readily than any efforts on the part of individual investors. Going to Kitco with the "MXSG story" is not going to get their attention, due to the lack of production details.