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You are correct that there is no rule that states 25 metre drill spacing is a requirement for a measured resource. I didn't say there was one, I just meant and said it was normal, by which I meant a comparable spacing happens most of the time on copper/gold porphyry deposits. That it didn't happen here therefore means that it is no deal breaker per se, but this deviation from the norm is a red flag when you're dealing with an OTC company, certainly when you hear people talking about a measured resource. This red flag just means a more in-depth look is an absolute requirement, it does not say the measured resource can't or doesn't exist.
I also didn't deny that the phase I drilling program used 25 metre drill spacing, I said most of the holes had a 50 metre spacing.
First off, in order to be called a measured resource, it is normal for low grade deposits to require a spacing of 25 metres between drill holes, and for high grade deposits this spacing should be even tighter. Speaking about a measured resource when most drill holes only have a spacing of just 50 metres is your first red flag.
Secondly, the ACA Howe's report does not mention a measured resource so I don't know why anybody else would. Also, the company does not publish the full ACA Howe's report. Both of these things are major red flags considering what I read on this forum and elsewhere.
For all who haven't read the full report the company apparently has at its corporate office (which is probably everyone), there might as well be NO 43-101 at all, which would not surprise me in the least.
Or can anybody give me proof of the existence of a 43-101 report (with or without the statement of "measured")?
And folks, if you can't get the 43-101, you are wasting your time with this company IMO because there are way way more promising companies out there in the mining business than MDMN or CDCH. Most of them trade on the regulated TSX-V, obviously.
Can anybody tell me how they were able to come up with a $2 billion MEASURED resource by just drilling 18 holes? Does anybody actually know the spacing used between these holes? Or does anybody have a good drill-table for me to look at?
Hi Rilo, noticed you made quite a lot of money the past few weeks. For how much cash do you usually trade the ETF's?
It's an interesting development that all of a sudden (after the stock price crashed) it apparantly becomes important what the company does whereas when the plan here still seemed to work that was always claimed to be of no importance.
How about some clarification about the recent chaos on the FLD's on the mondays with Monk letter instead of only talking about the development of the website. And now the delay of the denformational letter... I think I'm not the only one who feels like something is being swept under the rug.
So why do you guys think the volume started to increase dramatically almost a month ago till now?
I did receive the dividend today and mailed my broker about it. Will let this board know if it will be taken back or not.
Yes, I got it from Bolero (Belgian broker): 0.005 USD per share. Have not yet gotten a response from them to my question about why this happened.
I received a 0.005 dividend of EIGH.. I have a Belgian broker. Why is this.
What the hell. I just received a 0.005 dividend. Belgian broker.
Agree. Very nice post.
Alright thanks. Looks good to me.
I think I have a legitimate question: does anyone know for sure Monk's name is Jerry Williams?
Explanation
If Monk and the ones he has in his inner circle bought the FLD's at his call-price(remember, he bought CDIV at 0.0007), they could have bought an enormous amount of shares. When the stock prices of his picks started to rise exponentially and eventually entered the multicents-range they could have been unloading lets say 100K each day on average to keep the daily volume unsuspicious to not entice people to unload as well but instead make them accumulate to not make the stock price fall. Or they could have unloaded just 20% of their total shares in the bullshakes to 0.50 and above to reach the same goal. Even that 20% would have made them tons of dollars.
Monk not posting on the boards of his picks for months now and the fact he's been relatively absent for a long time on ihub in contrast with the 100 000 posts he accumulated in a very short period in the time before his absence raises a lot of alarm bells for me.
I'm not saying this definetely happened or is happening and I still hold shares of the FLD's but it's certainly not something that couldn't have happened.
By the way, how do we know Monk's name is even Jerry Williams?
Sapere aude.
Explanation
If Monk and the ones he has in his inner circle bought the FLD's at his call-price(remember, he bought CDIV at 0.0007), they could have bought an enormous amount of shares. When the stock prices of his picks started to rise exponentially and eventually entered the multicents-range they could have been unloading lets say 100K each day on average to keep the daily volume unsuspicious to not entice people to unload as well but instead make them accumulate to not make the stock price fall. Or they could have unloaded just 20% of their total shares in the bullshakes to 0.50 and above to reach the same goal. Even that 20% would have made them tons of dollars.
Monk not posting on the boards of his picks for months now and the fact he's been relatively absent for a long time on ihub in contrast with the 100 000 posts he accumulated in a very short period in the time before his absence raises a lot of alarm bells for me.
I'm not saying this definetely happened or is happening and I still hold shares of the FLD's but it's certainly not something that couldn't have happened.
By the way, how do we know Monk's name is even Jerry Williams?
Sapere aude.
Hello xb. Really like your board. As a suggestion, you might want to post a link on what Market Makers are and what their role is on the Pink sheets and OTCBB. It's often unclear to newbie investors.
What will happen to the share price with a settlement?
The dog is off the leash. Here we go again.
I'm jumping up and down on my chair from excitement :)
This illustrates that we have a team here that is doing exactly what it says it will do. And this is precisely why these plays will generate tons of money for all of us who are involved and are willing to ride them till harvesting day comes.
Such a team is not easy to find.
Hi Monk. Are you going to organize Beginners Monkinars in the year 2011 or will you quit after the one in Chicago?
Wow! This is great news!
Absolutely. It's with plays like this that millionaires are made.
Massive buy signal? I act accordingly. More than doubled my position in this play today.
And they said it would never happen.
Glad I bought more last week.
Finally been able to pick up more shares. Some funds cleared when I woke up this morning :)
Where exactly is BlueBucks?
Why is this stock going up the last trading days?
I find that a childish tactic.
How exactly do MM's make a buy look like a sell?
Very exciting first hour
Thanks a lot for this post. It's important for everyone to read what BlueBucks has to say. It might be reassuring for people who still have some doubts about the FLD concept.
Sold my shares two weeks ago. This stock just makes me sick.
You weren't able to sell as nobody was buying.
On these plays, it's the low volume days that make me excided. Can't wait till tomorrow.
I hope not, but it sure is possible.
That's a really good post, LG. Thanks for sharing your knowledge with the people on this board who need it.
Did some research on this company and think it has a very bright future. The Morogoro property in Tanzania is a very good location to find and drill gold...
Bought some shares at 0.07 and now it has broken through that important resistance. Next it will rise to the next target at 0.10, once beyond that, the sky is the limit. Just like Gold Bullion did.