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Shady and flaky, and mining scam, harsh words.
Do you know anything about this company? Other than that you haven't heard about who they are dealing with? Seems to me that you are arguing from ignorance.
Nonsense is it?
Perhaps you could refute point by point the following bullets.
+Recovers precious and base metals
+Can be used in conjunction with currently established processing procedures
+Cleans the rock of previously used cyanide and nitrogen
+Converts leached rock to industrial minerals products
+Eliminates or reduces the capital cost of tailings storage
+Can make permitting easier and quicker
+Eliminates bonding requirements of heap or tailings impoundments
+Energy Saving Technology
which of these is nonsense?
Well this link was to a PR about Rock Kleen, not Goldn' Gro and it is huge information. Itronics has a goodly number of irons in the fire, the fertilizer is only one, and it is discussed in the following PR. While it is good news it is not Rock Kleen.
Yes, and that loan was paid off.
Oops shows shy I never post while in a hurry. When I came back and double checked, I realized that I was thinking that JMJ was one the lenders but had remembered wrong. The lenders are JSJ and Power up not JMJ as named in the complaint.
3/24/2020 complaint sure does name JMJ as a broker dealer.
And that would explain why no toxic dumping.
"Permanently restraining and enjoining Keener from participating in the offering of any penny stock, including engaging in activities with a broker, dealer, or issuer for purposes ofissuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock, under Exchange Act Section 21(d)(6). [15 U.S.C. § 78u(d)(6)]"
Bandman, I stand corrected.
Not only is there no toxic dumping, there might even be relief for JMJ borrowers. MXSG was not one of the victim companies named in this doc but might be in the court case. Maybe recover something.
Still the loans did bridge the company until they became cash flow positive. So, all in all, they were brutally expensive but did the job. And these last two loans will probably turn out to be much less hurtful. What will happen with the stock issued to them is something to be determined by the court.
What Power Up and JSJ are doing is EXACTLY the same as the two toxic death spiral lenders named in the SEC cases. EXACTLY the same
No it is not.
No more than if a lender took trucks and equipment, in lieu of cash and then sold it, would make that lender a heavy equipment dealer.
Now if a business bought and sold heavy equipment that would make them a dealer.
The behaviors are similar but not the exact same thing. The lenders did not purchase the stock, they took it when the borrower was unable to pay cash. Had the borrower been able to pay cash then they would have taken the cash. (Which is what I suspect is the situation for these loans.)
The fact remains that the lenders are not broker dealers. Which is why they are not registered as broker dealers on FINRA and why they are not being targeted like the companies the press release discussed.
But it is fine by me if you want to think this is the reason that no toxic dumping has occurred. The fact remains that no toxic dumping has taken place in the last two weeks. Personally, I don't anticipate any toxic dumping next week either.
3/24 PR
Itronics stays open
Bandman, you are off target.
You are correct that neither Power up nor JMJ are broker dealers.
You are also correct in referring to them as lenders.
That is because they are not broker dealers. But they are lenders who can take payment in various forms including shares. Which they are then free to sell when the agreement permits.
JMJ has even stated that they are not broker dealers on their website.
Broker dealers are buyers and sellers of securities, but not lenders. They also can provide underwriting services but again they don't lend.
JMJ and Power Up do not underwrite or buy securities but they do lend. I consider what they do as usury but it is not illegal.
The folks named in that PR were operating illegally, largely because they were not registered.
The two lenders are properly licensed. There is no linkage between those persons or company and these companies that do lending.
Still need to find that reason for no toxic dumping.
To be accurate they are moving against unregistered dealers for "failing to register as a securities dealer"
And none of the ones mentioned in the Press Release and in the footnotes has anything to do with Mexus.
So I guess the need for an explanation about why there was no dumping last week hasn't been satisfied.
And for this week as well.
Maybe next week, huh?
Oops! wrong board.
clean aggregate has value too
You called it right. More right than I was expecting. I had expected the cleaned tailings to remain on the site and belong to the mine owners to do with as they wished. Turns out the process requires the treated material to be hauled (by rail) back to the new Itronics facility.
I am waiting for an announcement about gold sales, but I am pretty tolerant about the communications. If, more probably, when Mexus is firmly on its feet that will be the time to hire a communications specialist.
I don't consider it reasonable to expect PT to proficient in all things. Just as long as he produces gold at a profit and gets the company in the green I will consider him to have done his job and done it extremely well.
How many company CEOs build, haul and install the needed processing equipment? Or even could?
You probably have a point but the volume continues low and it doesn't seem as if a toxic sell off has started. Meanwhile positive cash flow is an encouraging sign.
Possible ain't probable.
What is more likely is that the idea that there was going to be a monster sell off last week was just plain wrong because the loans were already dealt with as 8 laid out.
Another probability is that gold can be and is being mined at a profit right now. So much so that the cash flow has turned positive.
Still another probability is that when a hobbyist puts in thousands of hours on something they become an expert.
Edison tried and failed to come up with a practical and economic light bulb. Ditto for many other products. He is remembered and honored for his triumphs not his failures. Likewise the current trend seems to indicate that PT is on the verge of being honored and recognized for perceiving the potential and persevering to bring the dream into production. Recognized and honored instead of vilified and mocked.
March 17 PR
Item 3 (pasted below) deals with the Rock Kleen technology which is apparently being launched in California.
There is a new (at least new to me) acronym; ICTMC. I'm assuming it stands for Itronics Clean Tech Materials Center. And that explains the purchase of the monster facility.
The tailings will be treated at the mine site then the enriched material will be shipped to the Itronics Nevada facility for final processing. This indicates another income stream for Itronics; selling the cleaned tailings in various forms; rock, crushed rock fines, clay, and base metals used for industrail applications. All of this after extracting the precious metals.
While the incredible sales of the fertilizer projected for this year is pleasing, the potential for the clean mining materials is the big bell ringer.
Wow, just wow!
"3 - Rock Kleen Tailings Processing is a revolutionary Itronics "Clean Tech Materials" development that cleans mine tailings of residual cyanide and makes the previously mined materials available for Industrial Mineral usage. This is Energy Saving Technology because it avoids the significant energy costs of mining and crushing the rock. Rock Kleen recovers residual metals including both precious and base metals that were not recovered by previous leaching processes. While Rock Kleen is used at the mine site or at a central location, final metal production will occur at the ICTMC. Industrial Minerals production and sales is a major growth market for Itronics. Producing crushed rock, clays, crushed rock fines and minerals from previously mined tailings provides huge opportunities for this Itronics Zero Waste Energy Saving Technology by saving energy and maximizing materials use. Up to 60 percent of the cost of mining is energy, so the energy cost savings are very substantial. Rock Kleen is produced by Itronics' proprietary GOLD'n GRO technology. The current Industrial Mineral market in California-Nevada approaches 300 million tons per year. A Whitney & Whitney marketing survey has identified over 400 million tons of treatable mine leach tails near rail service in the Yerington, Nevada to Tonopah, Nevada corridor. Rock Kleen Processing projects are designed as joint ventures. Forecast revenues for Rock Kleen Tailings Processing approach $12 million per year by 2025 for Itronics portion of the first project. Additional projects will produce ever increasing Rock Kleen revenue for Itronics."
Found it, second on the videos page.
Watched it.
Informative.
Thanks.
No smartphones in this house, I used a desktop.
We are too cheap to let go of our old Tracphones.
Sometimes I am tempted to get one for the night sky Apps.
We were out in the country and my niece was showing the younger generation how to identify objects, planets and stars with it.
Pretty slick.
Did try searching for it on FB, that is how I found the Documentaries.
Maybe you could give some search terms?
Here is a documentary about the situation in the Naboc river. It is 37 minutes long but covers a lot of ground. Restoration of the Naboc River
The same documentarian has one about mining in the Mountain. If anyone is interested. small scale mining on Mt. Davao
??The links opened to blank pages for me??
There was a significant amount of garbling especially with one caller but I have to admit my failure to get in the queue was on me. I used new to me tech so my wife and I could hear it together. By the time I located and pressed the 1 button it was too late.
Yesterday, I sent a set of questions to Zach and will wait 'til Monday for a reply. Maybe I will call on Tuesday if I don't hear back.
Last I've read? Seems pretty damn good stuff.
Next up, significantly larger sale of gold.
This virus is playing havoc with stock prices all over. Mexus is not the only PPS getting hit. Today the pharmacy called wanting to deliver my sister in law's med instead me picking them up. I let them because it means a job for somebody. Sheesh!
Okay, Git.
The first week of this month saw a sell off of 68 million. (Of course that represented a buying in of 68 million also.) It hasn't been anywhere as active since.
I don't see any signs of someone wanting to sell at those kind of numbers. Maybe 8 was correct about it being cleared back when?
Well I tried to get in the queue but wasn't successful. Waiting to hear back from Zach, Guess I'll be adding to my questions. At least we learned something about our Phillipine partner.
Yeah too bad there isn't a sarcasm font. Generally when someone offers an apology it seems right to believe them until they prove that their apologies aren't worth trusting.
Volume has been low this week compared to earlier this month when it was reaching levels over 23 million for a single day.
Yesterday did not look like a dump day and even Monday was not an unusual volume. We will see what tomorrow looks like but for now the idea of a day off between "dump days" seems like grasping at straws.
Well, good on ya mate. That concession shows me something.
I once asked you if you still thought there was no gold. Has your thinking begun to change on that question? Maybe there is a reason for expanding the workforce and hours? Maybe a reason of installing the equipment and piling the ore then running leach solution?
Maybe I am asking too much of a concession, too soon.
But based on this post I am prepared to see you admitting that Mexus is more than a hobby mine in the near future. Likewise, I will concede being wrong if gold sales are not announced in the near future. Say by this time next month.
I would, but I can't be certain that I'll be free without other responsibilities taking precedence.
A bold statement indeed!
But justified.
A while back I posted about the administrations intention to free up water for California farmers which should help fertilizer sales.
Here is a little bit from President Trumps speech in Bakersfield along with the comments from two farmers. (underlines mine)
President Trump;
Today, I'm pleased to announce that this update is complete. We've done the full complete update on water and water allocation. A major obstacle to providing more water for the region's farmers has now been totally eliminated by the federal government. I mean, the federal government is very tough to deal with. We get it done very quickly.
But we got it done, and we got it done fast. ... And I'll tell you, we're very proud of the job we did. Now we can do it very quickly if we can get the state to move. . . . Going forward, we'll use the latest science and most advanced technology to monitor and adjust water distribution in real time, ensuring that the environment remains protected while directing as much water as possible, which will be a magnificent amount - a massive amount of water - for the use of California farmers and ranchers and all of these communities that are suffering from a lack of water. You can't water your grass; we don't have the water. And yet, you look and you see the millions and millions of gallons being just wasted and poured into the great ocean. We want to make sure that you get the water that you really are paying for by being citizens and paying taxes and all of the things that you do. You deserve water, and you have the water. (Applause.) There are communities that don't have water. You have the water. This is an easy one.
Jenny Holtermann (an almond farmer)
"As an almond farmer, we can't just fallow acres in years with less water. Orchards require consistent irrigation, and without a reliable water supply, hundreds of thousands of acres of farmland could be taken out of production of California's Central Valley. Families like mine could be forced to abandon orchards or sell a family farm. We are an industry of families, and we do not farm the same way that generations before us did. Using new science and technology, almond farmers today use 33 percent less water than they did 20 years ago. Our water infrastructure should be handled the same way: using updated science and new infrastructure to keep water flowing to families and family farms across our state."
Matt Fisher (a citrus farmer)
"Farming here in the state of California isn't the easiest, and every day since you've been in office, you've done exactly what you promised. You came to California and sought to understand our water issues. You listened to the right people, put a plan in place, selected the right people, assigned a deadline, and got it done. These biological opinions and the balance that they will bring to the water that falls on this state will bring certainty not only to my family and our employees, but several other families that farm here in the state of California. They are based on sound science and will help the Bureau of Reclamation maximize water to not only family farms, but rural communities and the environment.Your leadership on updating these biological opinions will bring significant relief to my family and will save literally thousands upon thousands of acres of citrus from being left to die."
I am happy for these farmers and others like them and I believe that Itronics is positioned to provide the fertilizer. 400% may well be an understatement.
Thanks.
I am waiting to hear that the equipment has been built and delivered to Davao Province.
Shell,
IF Mexus is a scam and there is no equipment then the photos on the website are of somewhere else, right?
And the lending companies are in on it by taking shares in lieu of payment and then selling them in the market place, right?
And the lender company is providing Mexus loans for the purpose of PT enriching himself with the cash and perhaps slipping some back to the lender agents, right?
So, is it your contention that both Mexus and the lenders are scam operators who are engaged in a plot to defraud gullible investors? And the various individuals who have been to the site are in on it and part of the scam?
Did the MarMar JV actually happen or was that part of the scam? How about the epic fail with the VAT? Was that epic failure just a very clever ploy to make the gullible think something was happening.
About the only thing that didn't ring true to me was the reference to the concession stand on this board. There is no concession stand at the site, folks. No shack, no equipment to preserve the food or prepare it, no picnic tables to enjoy the food at. Nothing at all. I am taking a stand on this issue. There is no concession stand!!!!
In other news . . . "The Company has definitive agreements to sell its two properties in Silver Springs, and over 200 acre-feet of senior water rights for just over $10M and has received an additional $100,000 deposit toward the purchase of these properties. The closing dates for these sales is February 28."
Read more at:
https://thefly.com/landingPageNews.php?id=3031784
Should hear about this Monday.
I take the words not subject to as meaning there are no actions against Mexus.
As to whether Mexus is interested in going after MarMar. I don't know it would be a useless expense if there isn't anything to take. Squeezing water from a rock type of thing. Anyhow, didn't Mexus get to keep trucks and equipment that MarMar had on site?
Well by naming the province in the PR, I was able to look for news about what is going on there. Didn't find anything about our company partner but did find quite a bit about the mercury polluted Naboc river. Over the years there have been many small miners working their claims and allowing the mercury to run off into the river. It has become a huge problem.
The province of Davao de Oro has determined to finally do something about the contamination. There was an article about shutting down the processing plants that were still operating. They had already had a number of them voluntarily shut down operations and had given the others a year of grace to get shut down. When they did not shut down they sent agents in to compel them.
The government recently let out bids to a number of contractors to dredge the river and remove all of the contaminated soil. Interestingly, the governor told the companies that if they recovered precious metals it would be theirs to keep since it was already classified as waste. This looks as if it would be the starting point for mercury remediation and PM recovery.
The dredging companies would get to keep the PM and pay royalty to our partner company. Strictly an assumption on my part but it seems to be where the action is currently.
Check your Private Message.
Well thanks, there is a miracle story about how her leg got saved from amputation. She is a trooper.
Reverse splits don't bother me as much but the dilution really made me grit my teeth. I do believe that is all in the past.
You are right about the PR's and the website is really out of date. I'd nominate KS to resume public relations.
It would be nice to learn something about the kind of income stream expected from the Philippines.
Well that covered everything.................
I am confident about the fertilizer and the bullion recovery but wanted to see more about the Rock Kleen and the mining operation.
And it was addressed.
"Within three years the growth is expected to be supplemented by circuit board refining and projects to be developed using the breakthrough “Rock Kleen” technology to accomplish recovery of residual silver and gold, while neutralizing residual cyanide by reprocessing silver/gold heap leach tailings at mine sites in Nevada. The Wabuska development and operations planning is just beginning and will be advanced in 2020 as more knowledge of project requirements is gained from on-going research and pilot testing. The Company goal is to begin permitting followed by construction within the next 2 to 3 years."
Developing a mine to a producing operation is very long term. But the cyanide cleaning could develop real suddenly when it does take off.
I showed the presentation to my wife and she commented that Corrado looked less stressed and much more confident.
I had a few favorite parts.
One was "2016, 2017, 2018 and 2019 sucked!"
Boy does that sum it up for the PPS side of the equation. Dilution and reverse split was very discouraging.
But the forward momentum with Tonogold, Cycladex, Itronics and now most especially MCU kept us hanging in there.
Today, for the first time in a very, very long time we added shares.