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Why would anyone pay them if no money will come in return.
If it's MarMar paying them, then absolutely no way they stick around paying these people knowing darn well no money to be made.
If it's all a scam as many of you have posted, and PT is selling off why would he even bother paying any money out when he could just sell and keep it all as profit. Sorry, that doesn't add up nor make sense. I could get that logic when it was just a lease, and speculation of gold but no money going into the property. That's not the case!
In terms of people there, of course there are people there. Unless you dare suggest the most recent PR is completely fabricated. I don't know mining no where near as close as most, including yourself. But to pull around 35 - 40K worth of gold out of the ground has to require some type of people involvement.
Kind of like how it's easy to say a company is doing illegal things however the residing authority has not imposed any fines or penalties or acknowledgment that they are illegal. Yes, I know one time like two years ago they were asked to make a change in a filing which they did...oooooohh
Or how it's easy to say the company is a scam because they haven't met any deadline but the owner is selling shares.
I still say this. If there is NO gold or profit to be made, why are these people still working at these sites and where does that money come from. Let's take MarMar for example. If there was nothing to be had, there is absolutely NO benefit to them to stick around spending time and money to mine gold. While the results have been minimal, there is still the time and cost required to pull those ounces out of the ground. Why have all the people on the ground not jumped ship?
I did call them...I did leave a message...No call back...Hmmmm
Keep it coming, what else you got? Shell, where is the info???
Man, been waiting on pins and needles all day long. Yet here we sit, and nothing! Let me guess, you got a recording saying no one is available and that they would call you back. Cricket, Cricket, Cricket...
It has been told here time and time again for years that the SEC is the law and very strict with their guidelines. It's also been told that MXSG is out of compliance and doing things illegally. We now have someone who will call the SEC directly, so if/when nothing comes from it, we will all agree and quit using the SEC as a negative to this company as it will be proven to not be by them not acknowledging any issue!
I predict nothing comes from said complaint, however people keep trying to say the company is doing illegal things. That would be a sure bet and make me some money!
LOL...slow or behind the times, someone posted exact same thing days and months ago. Yawn...
Says????
That's right, nevermind!
Let's say they bought at 20 cents, their portfolio is in the RED but they still have not lost any money! FACT...
Both our theories or ways of looking at it are different, but don't try to get me to buy your's when you aren't open for negotiating. If the stock NEVER get's back to the all in pps that you bought at, then you will eventually lose money. But the reality is if your price point is 20 cents right now, you at least have some optimism and to be honest why would you even consider selling at 2 cents. At this point the simple fact that this has not gone cold and there is still work being done I wouldn't sell and take the hit. I do truly believe that at some point this stock will be at a MINIMUM exactly what the highest cost for any one investor is per share. If nobody sold a single stock and sat on it, I truly don't feel anyone would lose money when the dust settled. Again, you can only lose money right now at this point IF YOU SELL!
5% of $0 is $0...what's the point?
To date they have sold more gold than a few on here gave credit for them ever being able to do. They sold today more than yesterday, I will take it! We all understand the riches don't come with these numbers, but if you have these people at these mines and pulling gold out of the ground, and not walking away thinking it won't succeed that makes me even happier.
You don't lose if you don't sell, another perfect example. If you have 50,000 shares and your cost basis is at .02 cents and you sold Friday at .019 you lost $50 but walked away with minimal losses. If you sold today, not at the high but what it sits at right now .0226 you made $130. Class dismissed for spring break!
Remember, you are exactly right by that statement. Who said you were always wrong???
C'mon Git now your just trying to be difficult. My point is exactly that you haven't lost a penny if you don't sell. You said most everybody lost 30%, if you didn't sell you didn't lose anything. The point I'm making is if you play your cards right, and don't fire sale it could be rewarding.
Stock market, as it crashed and you invested more then when it returned you could sell for larger profit. If the entire stock market was such a for sure thing, then why would ANYONE have sold a single stock knowing it for sure would return??? Exactly!
In 2010 let's say you bought MXSG for .35 a share. By the end of 2011 it's only worth .05 a share. That's a 70% loss if you sold it! If you kept it then in 2012 you are looking at a profit of 50 - 60%. Just because you bought the share for 35 cents and at one point it was worth 5 cents doesn't mean you lost money!
You have NEVER heard me mention anything about MXSG being an "investment" grade. In fact, multiple times I have clearly stated I treat the money no different than going to the casino. A penny stock is a penny stock, and there is a reason it's a penny stock. I don't own any others than this one because I do believe it will get us to where we want to be.
Stock market crash in 2008! A LOT of people lost a LOT of money because fear and concern of how low it fell so they sold and lost their butts. I on the other hand invested more and sat tight. So who did that 50% drop really hurt? The MXSG story is not complete, so no one can truly say how it ends. But that is a prime and proven fact of my point you can't refute. I let it do it's thing, and 10 years later I sit looking really good.
Assuming your post is to educate others...while definitely not around as long as you, willing to say I bought my first shares before most others and still here.
Sarcasm partially entered, as some always squawk at MXSG when it comes to SEC etc. Point I was making is don't just talk it under the table. It's clear Argo made investment, and unless proven otherwise NOBODY can say they backed out for any different reason than our PR said...
If you then turn around and say Canadian mine :) I want to follow up with NI 43-101. By what I have heard, a company must disclose if they spend 500K, unless I have been misled?
I am not a retired of 30 years SEC worker, nor an attorney specializing in SEC law. But if a company was to spend 500K, wouldn't that have to be accounted for in filings somewhere??? I know you are well versed with SEC laws, curious on your input? Thanks in advance.
Wing, you beat me to the punch.
I am curious if it's sarcasm at it's finest, or that truly happened. If 8 verified Shell did in fact tour, then I say WOW. The only way to get people who don't believe to believe is to prove it. Did this happen? Still not sure...
Someone really good wouldn't have had to spend money, they would have got a scholarship. Just saying...
Hey, if Garcia says it then it must be true right...
Going dark for a few more months probably, oh wait nevermind spending time at the court houses looking at all the lawsuits that have been happening for the last year. Rough life eh!
If your going to quote me, please don't NBC me in your process! Clearly I stated we shouldn't be giving up half the profits when they come, never said there was currently profits. Next!
"we shouldn't be giving up half the profits when they come in addition"
The biggest question I have in regards to MarMar is how this all works. Per the PR of announcing the partnership
" Under the 50/50 joint venture agreement, MarMar will operate the mine and carry all costs."
MarMar should be carrying all costs. If that is not the case, one would assume per their agreement MarMar would be in default and lose something in the process? Example being MarMar would be reduced in ownership to 25% if they aren't able to carry cost per agreement. Is that something we know is in there? Still think having MarMar adds value in terms of all the red tape you could run into with Mexico ANYTHING, but if this is all being funded at our expense, we shouldn't be giving up half the profits when they come in addition. Any insight on this?
Sorry I don't work for the SEC, so I would be an unqualified individual to speak on behalf of them just the same as every other non authorized person who tries speaking on their behalf!
I don't think we are in any different position then we have been.
Obviously, everyone who own this stock want the pour results of what has been stated. That still has not happened. History shows too often deadlines aren't met, and things haven't happened as stated. That's known by all, and while disappointing that's a fact.
However, I also see a few huge positives. This company has been called a pump and dump, doesn't have gold, etc. Again, no one can prove they can or can't mine the gold for profit however this is clear to show there is actual gold on property that they can mine, and if this was truly a pump and dump then I don't for a second believe they would still be sitting there trying to pull gold out of the ground. If it was a pump and dump, the pumpers would be long gone, including PT and of course MarMar and all the staff would have to be in on it as it's clear there is work being done.
This is in my opinion the most honest PR I have seen to date also being honest about issues and possible time. Stay steady or decrease, that is exactly what I have said about this stock until a PR comes showing the gold sales everyone is looking for. You don't lose a penny if you don't sell, so this will be a great opportunity for people to buy in really cheap and make a killing, or an opportunity for people to lose money.
Was stated just recently again by someone SEC is who governs and if they don't say so, then it's NOT. Can't work both ways right? When the SEC has an issue, then it's an SEC violation. In order to truthfully without opinion state a violation of SEC rules, the SEC must agree to the violation of THEIR rules as they are the governing body, no?
Thank you, finally. Agreed that if the SEC has NOT stated it to be non compliant, then it is compliant. We are all getting on the same page, love it!
Nope, general in my speaking. For example some state they can't mine for a profit, this gig is up, etc. No facts, just speaking as if they are.
Can I prove they can mine for a profit, no. Can anyone prove they can't, no. So here we sit going in circles. Round and round we go, where it stops no one knows. Some will be wrong, some will be right.
Been here 6 years, not leaving anytime soon!
If a person were to believe everything that didn't happen right on time as planned as an indication that there really is nothing there would not be a good recipe for success either. One can in fact state they have missed deadlines, however can not prove the data to be false on certain topics. FACT!
PR states Argo pulls out because of POG. True Long believes that as fact, others believe that as them being nice and those results show dismal numbers. No insider information given.
For some reason people who believe things as fact, where others disagree remove the fact that it could be their opinion or interpretation of fact, and automatically go to insider trading. The reality is this stock has made the last of it's runs UP without results. So if there was insider trading going on to the tune of the accusations and lack of product for profit, those in the know would be selling every last share they have right now. That's a FACT!
It's proven at least to my acceptable level that unicorns DID exist, however they no longer exist. But that scientist could have lied and fabricated information also, so I gues we will never know the truth. That is until a time machine is built and we can go back 30,000 years and verify with our own eyes!
https://www.sciencealert.com/fossilised-skull-reveals-when-the-last-siberian-unicorn-lived
Sarcasm...and git, you already know my answer. We have had this conversation before.
Looking to give us couch quarterbacks something to talk about?
That's why I said legally...
However there was a 7 month period where he could have sold anywhere from 20 - 56 cents a share. Very easily could have off loaded few million shares no?
Not arguing those facts in terms of price. Look prior to that and I believe you see it ran up to close to 60 cents back in 2012.
To me though, the same people who have been here since that time are still here. If it was truly a pump and dump, why would everyone not have dumped everything at 56 cents a share, and walked away FILTHY rich! Why bring it and ride it all the way down below 2 cents to watch it rise to 24 cents and still be around. PT has so many shares, he could have essentially sold every last share he legally was allowed to sell at 50 cents a share and been a millionaire many times over yet he is still working hard and active in Mexico. No one is closer to the action than him, so why not make MILLIONS of dollars and be sitting on a beach instead of in work boots in the Mexico desert?
Show me facts it can't. Reality is you believe or don't, but NOTHING to date has proven it can't and nothing has proven it can. Pretty sure many of stated years and millions of dollars is what it would take to determine that, no?
I bought the vast majority of my shares below 2 cents. I'm pretty sure 1 penny is less than 4 pennies, so I'm not sure what you are referring to when stating the price declining to new lows as the ones ahead of the curve are still GREEN even at this price. Next!
Whats your point? It stated MarMar will update MXSG, didn't say anything about PR the first week of Feb. CNN news watcher eh?
My only request is the day that PR is released saying the gold was produced/sold, I really really hope they do it on a Tuesday. There will be so many messages from that Monday to respond to, might take the whole day. Boy would that be fun!
If looking to sell at .15 I would put in order to sell at .25 instead. No news other than sold gold with close to estimated numbers will move this stock to .15 and if we get the news to move it to .15 I'm willing to bet that same news will move this stock to above .25 less than 48 hours later.
Did see it, don't understand it thus the reason I won't make a comment on the numbers. All I'm simply saying is one can't say Argo backed out because of X-Y-Z when it was proven incorrect. Of course people can speculate all they want, and even say they were being nice in saying what they said but that is all opinion and speculative opposite of what was actually said.
If POG was $1,350 would they have still backed out? Until I see something different and based on what I have read in PR, I believe they might have stayed. Argo leaving doesn't mean there is not gold that can be mined for a profit, the results of the 1/2 million dollars in drilling they did also don't mean there is either. Is there gold, absolutely I truly do believe it and feel strong about it. Can it be mined for a profit, now that's the million dollar question. I'm still here, and still holding, so you know what side of the fence I'm on!
Funny how we keep coming back to this. If someone makes a statement, it's PROVE IT response is always there. However people keep putting their own spin as if it's fact on why Argo didn't continue.
"Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets. This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision . To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option."
So again, I will say if you are stating ARGO pulled out for ANY other reason then listed above, PROVE IT! And we will move on again, because you or nobody else who has their own theories can prove any different. Next...