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Let's focus on the mining and operations on site. The hand sorting process is no big deal as suggested. These workers are clearly low paid laborers which I suspect make less than a couple bucks per hour. Sounds like a good use of labor!
Clearly the majority of the work is being done by millions of dollars in machinery.
And just for clarification, isit has never posted on this site.
Mabwe message has lots of details. It clearly show the strong relationship with Steinboch minerals. "Six members from Steinboch minerals are at Dodge mine this week setting up an on site test lab, FINALIZING qualification procedures and coordinating the sample selection process"
It is clear that Steinboch has a close relationship with mabwe and they are providing the technical analysis so needed.
Due to my sitework experience, these pictures show me a lot of work is being done on site. Millions of dollars of equipment is working daily for mabwe shareholders. I would make an educated guess that there are over 50 people (perhaps even a hundred) working on site daily.
Hardly the mom and pop operation that has been suggested by some.
Besides, we do have a "hydraulic pecker". Not everyone has one of those!!
I believe I finally understand what's going on here. Valentine is using Ihub as his forum for talking to management. He analyzes every little detail in every little post as though it's giving him details on negotiating and a way for him to express his anger towards management
However what he doesn't realize is that none of us posting here are management!! Valentine posted on his website that I was management. If only I was in I would have a boatload of shares in this company!
It's a really bad strategy to plan your legal strategy around a Internet chat board. And to use it as your voice
For the record I repeat myself again. Until Valentine has his 3820 foot restraining order removed he has absolutely zero credibility.
Hukoyo, just for the record once again, NO company officers are posting here!! I was wrongly accused of this myself. I am an investor!!
If a lawsuit is filed in the United States, be prepared to spend some real money. Attorneys get paid $250-$600 per hour here. And they love to rack up the hours.
Valentine spent 3 months on site. Mabwe has spent over 2 years on site analyzing the property. Geologists from all their partners were combing over hills 1-6. I am sure they have "watered" every tree by now on site! Valentine confined himself to hill 1 which represents less than 10% of the mine now.
There are even some pictures of the geologists from baker on mabwe's website for all to see. But most investors were not listening or analyzing this. Fortunately I was.
Let's be honest, Valentine is not stupid. He understands the value of the mine. And so do I!!
If valentine gets his 50% (and I am 100% sure he won't), he will be working and partnering with mabwe. Remember mabwe would own the other 50%!!
Obviously, mabwe has the backing of baker Hughes who believed there was enough material on site to prepare an MSA. They did the gravity mapping and geology there!! They felt LARGE scale mining was appropriate. They are the experts.
I will give valentine some credibility when his 3,820 foot restraining order is lifted (if ever). Until then, he has zero credibility. If the restraining order was done illegally then it should have been removed long ago. After all "there is law in Zimbabwe"
Gitreal, thank you for the map details. I will keep it on file so I can check up on it.
Your point about slope and overburden is well taken. However, the mining report stated that the barite was encapsulated within a limestone barrier.
So on my opinion, a large portion of the overburden is very marketable limestone. It may be a break even, but that works for me on overburden. There is a tremendous market to sell this near dodge mine. Google cement companies near dodge like I did and you will be impressed. Cement companies want the good sweet stuff- and it appears mabwe's limestone is very good quality. I read some test results a while back on this somewhere.
Valentine wants the site or a piece of it because he can smell the money. It's like a hound dog on a deer scent.
I thank you for your civility in having a respectable debate.
Though the stock price has a downward trend right now, it's really immaterial- up or down. This would only apply to short term investors and day traders.
I am not selling below a buck so I really do not care much. I plan to hold this stock long term.
What I do care about is net revenue and barite reserves. Valentine has proposed a "settlement" offer of $50 mm apparently. Besides him being delusional because there will be NO settlement, he does see tremendous value in the mine. Why else would he be trying so hard to get a piece of it?!
I am anxiously awaiting an updated google earth picture of the site. This should provide confirmation that a tremendous amount of site work was done. I have an extensive background in site work and I believe we will be impressed by the progress.
I would appreciate it if someone could check up on this.
Like it or not, the company is shipping barite soon and they have done an extensive amount of sitework. Moving overburden is the main infrastructure expense. They take no salary and their homes are in foreclosure, so where is the money going that they raise?! Actually the answer is obvious to most.
Where is that updated satellite picture??
Thank you for confirming they have been mining for 2 months. At least we can put that issue to rest.
So what if Cery announces a big deal or order ? In the end he has zero financial management skills and zero integrity.
He could make millions of dollars and it will disappear faster than water running thru my fingers.
If the stock bounced up to a couple of cents, i will get rid of my last 2 mm shares and call it a day.
It gives me a warm fuzzy feeling to know that valentine cares about mabwe's investors sooooo much that he warns us on his website and on ihub.
I will now dedicate TWO of mabwe's shares to him as a way of saying thank you.
Seriously though, he has done nothing but file lawsuits everywhere. The very fact that mabwe is mining and developing infrastructure, proves they think NOTHING will ever stick with these lawsuits.
Soon valentine and his supporters will be choking on the dust from Kinsey's trucks as they deliver our barite to the train depot.
Hukoyo, no company officers are posting here, so we have not heard anything from company officers about valentine's issues.
The company obviously feels it is a non issue since they are investing tremendous amounts of money in the infrastructure.
Quick question for you, do you really think valentine could have pulled off a partnership with Kinsey (along with ownership of them), an international deal with baker Hughes, a international deal with Steinbock, a deal with Yasheya, a distribution agreement with phi commodities, and a couple million in cash for building improvements and site work??????!
All valentine did was dig up a little barite and sell some to local buyers. He created no value.
3 years and counting and valentine has accomplished nothing except file enough lawsuits to make me dizzy. I am guessing he has filed at least 10 since 2011. Please humor me and tell me how many lawsuits he has filed against anyone in the last 3 years.
Now that is funny. First the mine isn't worth anything, and now valentine wants $50 million!!
Can't have it both ways!!
I am laughing so hard, I just fell out of my chair!
Bepractical, those are all good points. Valentine's character is just one piece to the puzzle.
Worst case, valentine gets thrown a settlement. But I really do not think he has a real chance in collecting anything beyond a portion if the original voided sales contract.
Thank you for your points.
Thank you bepractical, I don't think a real judgement has been reached. If it had been reached, then management would be foolish investing over &1,000,000 in infrastructure, and valentine would not be wasting his time on a chat board.
Valentine's restraining order shows his character. It is an important piece to the puzzle as investors look at the evidence presented. Also, let's not forget that valentine has been playing this legal game and filings on and off for 3 years without any result.
Just my humble opinion of course.
Bepractical, I don't think that working on contingency is a common practice in Zimbabwe. Valentine's representative would have surely mentioned this when I "baited" him with the high cost of legal fees.
Zimbabwe is a cash starved and poor country. Money talks!!
Valentine is filing so many different lawsuits at numerous people. It's making me dizzy just trying to keep up with them. What valentine is doing does not constitute a reportable event in my opinion. It never goes beyond the initial stages.
Should valentine's lawsuits proceed to a trial or real judgement, then yes it should be reported. It's just not there. His 1 km restraining order is evidence of his character.
Daniellequities, you made some excellent points. The delays were due to lack of financing. As you know, it takes a lot of money starting up the project. Total capital investment for permits and infrastructure could end up being 1.25-1.5mm. This does not include the acquisition fees.
Obviously it doesn't make sense to start development sand then stop for lack of funds. The company began development when they had enough dollars in the pipeline to get through the complete infrastructure expenses. After much effort, they were unable to secure financing thru the much publicized 9 mm letter of credit/purchase orders with Baker. That delayed them a year in my opinion.
In regards to the profits/earnings per share, we will just have to see how this works out over time. Management has been paid in shares, so they are incentivized to see the stock price go higher. I expect that we will see very good earnings per share. This only improves as we acquire 100% of Kinsey.
Hope that helps explain things a bit.
The facts are that valentine has a 3,820 foot restraining order because he committed a crime or threatened mabwe employees with physical harm. Either way, this is a legal restraining order with no signs of being lifted.
This is the largest distance of ANY restraining order I have ever heard of. Valentine was a very bad little boy.
Mabwe is well funded with many investors looking for the opportunity to invest more at 25 cents or more. Every day we mine barite and limestone and stockpile it for shipment.
Soon, valentine will be a forgotten man with little left except for his restraining order and an employ piggy bank. Perhaps the investors should get together and file suit against valentine. I am in. A
Daniellequities, unlike many of the company supporters, I have always felt that things will move a little slower than expected. There is a lot of infrastructure and development and delays are to be expected. Bugs will come and need to be worked out. That is a normal part of the process.
According to the last financial they brought in $500k at the end of the quarter. I think that is what they are using to further develop the site. I expect there will be a few trial runs of smaller shipments as they escalate to full shipments late the 4th qtr. I don't think any revenues will be there in the 3rd qtr. but this is only a guess from reading the tea leaves.
I expect by late 4th qtr, much of the risk will be out of this stock and it will begin to attract a much more sophisticated group of investors. And I expect the stock to begin real growth.
The initial investors will be greatly rewarded. Just my opinion of course.
When valentine makes a new filing every week, month, or whatever and they never go beyond the initial filing, they are not material events. That is my point.
Keeping up with all his lawsuit filings is making me dizzy. I have read them all and I can find no proof we are dealing with material events that go beyond an initial filing. Valentine just continues to make new filings that have NO merit.
His attorney must be very happy- he must be making a boatload of money!!
Correction: there is no company smear campaign. Otherwise provide proof of this.
There are however shareholders like myself who are sick and tired of the lies and manipulation of valentine
I think it is accepted by all including valentine's representative that he has a 3,820 foot restraining order. Both sides agree on that.
Only legitimate legal events need to be filed. Not the kind of garbage I have seen from valentine.
Please provide the evidence that the company is required to file with the SEC. So far, the only proven legal event is valentine's restraining order. Correction: there is NO evidence.
All the rest is just nonsense rand random lawsuits by valentine. He posts the initial filings but nothing EVER happens. This has been going on for about 2 or 3 years.
In the meantime my company (yes I own part of it as a shareholder) is actively mining barite and hiring at leSt 2 of valentines employees.
Restraining orders are not given out frivolously. Valentine earned his restraining order. Mabwe's shareholders will earn their well deserved reward.
Beyondbarite, this has been my point all along! If there was a legitimate legal issue, the company would be required to disclose on their SEC required filings.
Valentine is filing frivolous lawsuits that are quickly thrown out and never "stick"
He can stay on his porch with the little dogs and his 3,820 foot restraining order. Hopefully he gets a mouthful of diesel fumes as Kinsey's trucks race by on their way to the train depot.
Here are the facts:
1. Valentine is the only party with a 3,820 foot restraining order that is legally binding. No other party involved has this. Until this is reversed, valentine has NO credibility. The law in Zimbabwe has obviously seen him as a dangerous man with criminal or illegal intent.
2. Baseminerals website only costs $50 per year. I checked the link on the site. That is why it looks like a 2 year old did it.
3. At least 2 of valentines valuable employees did not have any work with valentine anymore. They are working for mabwe now. I suspect he has zero employees now and zero business.
4. Valentine is a sue hungry man who continually files lawsuits against anyone he wants for at least 3 years now according to his representative
5 mabwe can raise all the cash they need now and have zero problems selling shares for north of 25 cents- if they need it! They have been turning investors away lately. Apparently they have enough cash for now.
6. The barite veins are exposed at dodge mine thanks to mr valentine- which makes the initial mining which explains why management did not need to do drilling and other studies. They already knew where to mine!! I will dedicate one of my mabwe shares to mr valentine for this and send him the proceeds.
Valentine is a little dog who can sit on his porch sucking in the dust from Kinsey's trucks as they deliver our barite to the train station. And making us rich.
So now it is confirmed that the barite veins were exposed. So mabwe then knew exactly where to mine!!
Looks like this answers a lot of questions on mining studies. Since the barite veins were exposed by the "hard work of mr valentine", mabwe knew exactly where to mine!! Thus, a feasibility study, etc was not necessary at this juncture.
I am sure the company will prove their reserves with a mountain full of barite and do test drilling until the drill bits melt!! That will come as they stockpile enough cash to spend on testing and of course feasibility studies.
Thank you valentine!!
Valentine is a proven criminal with a 3,820 foot restraining order. Until that is removed, he has no credibility. ZERO.
Anyone can file charges against someone. Winning is another thing. Good luck with that and flushing valentines last dollars down the drain.
He has no employees and it has been confirmed that at least 2 of his former employees are working for mabwe now. His $50 per year website is not impressive. A 2 year old could have done better.
Everything valentine does is fake and cannot be trusted. He can stay with the little dogs on the porch and cough on the dust from Kinsey's trucks as they deliver our barite to the train depot.
The daily share trading us irrelevant- up or down.
What matters is the shipping of barite along with net profits.
Once this train gets moving, it's going to be a great ride!!
Correction: kinsey was given mabwe shares as payment for a 25% ownership of position.
So in reality, whenever they get paid, its like paying ourselves for a portion of the payment!!
Also the latest press release outlines the direct involvement Steinboch has with the mining operations.
The fun begins early today!!
Obviously Baker Hughes, Kinsey, Yasheya, Steinboch, and phi commodities do not in any way believe that management is bad. A man is measured by the company they keep.
The only one claiming that the managers are bad is the very person who has a legally binding 3,280 foot restraining order!!
That was so funny! And entertaining!
If perjury was part of the restraining order, it would be removed. Obviously valentine is not being truthful. He is entitled to his opinion.
Please provide proof it has been removed. Until then valentines restraining order stands.
3,280 feet is a massive restraining order. Larger than any I have ever heard of before.
The restraining order stands until proof is published that if has been removed. Until then valentine has to legally be 3,820 feet away from dodge mine.
All the rest is just talk. The restraining order is legal proof of the character of valentine. It remains.
Several errors that need to be corrected. First, they did not borrow to buy the property. The sold shares to investors. That dilution is already factored in
Secondly, management has shown a huge amount of integrity by not taking salaries. Yes, they have been given shares in return. So if the stock goes up, they benefit and so do I. I like that. Show me another group of managers that bring in $500k in cash from an equity sale and then take NOTHING in salary. Oh, and let's throw in that they are behind on their personal mortgages. They have sacrificed all to see mabwe succeed.
Lastly, we are mining barite and limestone right now. We are not in full scale production but we will get there shortly.
I patiently wait and have full confidence in management and their strategic partners
I further expect that part of this document was manipulated or photoshopped. The second statement is just too juvenile to be from an attorney.
Just a lie mixed with half truths. If the company was even remotely worried about valentine, they would be pocketing their capital injections into managements pockets. Instead they are spending it on developing dodge mine.
Valentine is a criminal as evidenced by the 3,280 foot restraining order!! That is a fact.
It's not a criminal offense to know people who've been part of a private placement. It's not a criminal offense to know that they've been denied to participate in a private placement because the company doesn't need it now.
I have no idea if the company will need more capital in the future or not. If they do need more capital I am comfortable that they will put this to very good use in the shareholders best interest.
Management is definitely not taking a salary that is proven in the financial documents. All raised capital goes directly to the investment. The financial documents prove this.
It is also not a crime for an investor to protect his investment. This is something that I personally intend on doing. Game on.
The restraining order was confirmed many times by the representatives of Mr. Valentine
3,280 feet!!!
This is no simple matter. A major violation had to occur to be this extreme.
Are you implying that I am a company employee?? That is a personal attack and completely uncalled for, especially by an ihub head moderator.
Please explain.
Again I suggest you look at the documents. They raised $500,000 just a little while ago. Based on their historic burn rates of cash that will take them a very very long time to burn through.
Where does it say in the investor handbook that in investor can't protect their investment?? When a smear campaign is already set up against the company there needs to be a voice on the other side standing up for the truth
The company is actively mining there right as I write this. That is a fact.
Please provide proof that the company has a smear campaign.
I didn't read that and any of the documents.
A restraining order is a criminal offense and of story. This is not a smear campaign this is a fact.
I agree that the sell order at 38 cents seems to mask a larger sell order.
Remember that many investors absolutely backed up the truck at 25 cents or less already.
Not true the only thing confirmed is valentines criminal record of a legally binding and current 1 km restraining order.
Investors are looking to accumulate and hold long term. Mabwe is going forward with production. Like it or not, that is where we are going.