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Typical Mexus math. Taught by hobby miner ?
Thess 11/28/19 01:36:22 AM
Post # 33973
9,000 tons on leach pad @ 1.8 g/t
9,000 * 1.8 = X
X divided by 31 (grams in ounce)= Y
Y = 522 ounces of gold from 9,000 tons.
522 * 1,460 per ounce gold = A
A = $762,000 worth of gold.
WRONG. The SEC apparently does not recognize Mexus as being in production. Reference impeccable source post 34632. No reported sales per SEC docs, ergo no production. Get your facts straight.
A fitting end to the year 2019 with the usual nauseating MXSG homily and the ubiquitous share tally post.
I take great comfort in the fact that my Mexus holdings have the same value today that they had December 2016. Only those with similar holdings can say the same.
Feliz año nuevo y buena suerte
Don’t know, just looking forward to the next episode of the never ending story. Kinda like the episodic westerns we used to see every Saturday at the movies. Breathtaking adventure .... fiction of course much like Mexus
Which is why I say that the "production" figure Thompson comes up with means nothing. The only valid figure will be certified sales
Didn’t you see the photos of the happy
trabadores pouring
molten slag and making mud pies in a trough
? If that isn’t proof just call PT He is quite
reliable
That's strange. All of YOUR posts are of no substance. So who is right, who is wrong, Who is losing money ?
Neither snow nor rain nor heat nor gloom of night stays the hobbyist from the swift completion of his appointed task. MEXUS shall endure irrespective of the lack of results....as long as the "believers" endure.
Now what crimes do you think PT perpetrated in order to be investigated ? His advocates say he has unblemished integrity, constantly working for the benefit of his shareholders. Personally, I don’t think Thompson can spell fiduciary responsibility much less know the meaning .
Mexus is where it is today. because of....,,..Thompson’s incompetence, too little gold to recover economically and the fact that he wouldn’t know the truth if it bit him in the azz.
Mexus is not unique. It is just one of many scammy pinkies that have unenviable histories of deceiving investors.
It is an odds on favorite to reach trips within the first quarter of next year. What a fantastic buying opportunity it will be when it breaks the trips. Regardless of whether gold and some junior gold miners shine next yeaar, MXSG is destined to test the abysmal depths of failure and final capitulation in 2020 after nine long years of perfidious statements and niggardly results.
Have a good Christmas and new year regardless of the fate of Mexus.
Stay tuned for a daily MXSG share tally and the inevitable heart rending exhortation for longs to maintain faith and all shall be well. After all, the CEO saved the company by increasing the AS and now it's just a matter of raising just a leeeetle more money to fund 24 hour operations. Oh, and a leeeetle more money to pay off the next toxic loans due very soon.
Always know that "Mexus long shareholders are made of tough stuff, so we will stomach these times knowing full well the motivations of others"
I'm quite surprised that my motivation is well known by others. It has always been a mystery to those close to me.
Accumulators ranks are diminishing. Very surprised they lasted this long. Hope still lingers for a few who have overlooked all that Thompson has done to deceive them. A class action was called for long ago. Too bad no one followed through and the way things usually work, Thompson’s assets are well hidden so there is no recovery.
The lower it goes the more money we make.
It’s mentality such as this that keeps Thompson In the bilking business. It’s beyond bizarre and how anyone can convince themselves of this has truly mastered the science of self deception.
in an earlier recent post someone questioned Thompson’s honesty. That horse left the stables a long time ago.
Just need a little more funding and no more problems. Now eat your Pablum
In the Mexus world if you find a quartz outcropping you’re rich. If you’re on the infinite “trend line” you’re rich If
you have made equipment for a mining company that makes you a miner If you have invested in MXSG that makes you a super knowledgeable investor. This pill makes you bigger this place makes you small
Nah, one of the dedicated, referring to Thompson as an "octarian" says he wants the 8.2 oz. pocket watch chain the Mexus CEO is wearing. THAT'S where it went.
But since he doesn't know the difference between an octarian and an octogenarian, maybe he doesn't know whereof he speaks.
Now here is a constructive suggestion that was forwarded.
"Maybe if they (MXSG) hit production and have profits they can take that first 500k for a share buyback and start reducing the outstanding shares before a R/S"
Absolutely outstanding thought. LMAO
Actually, it's kind of sad. Reminds me of JonesTown and the people who stood in line to swallow Reverend Jim's koolaid. There were a handful of people who saw Jones for the mad dog he was and attempted to escape but Jones sent a squad of gunmen to the airport to mow em down.
Mexus is like a cult....maybe the flat earth society. The dedicated refuse to believe what is obvious. It WOULD be hilarious if it were not so totally pathetic.
Yep, pretty much covers it. Mexus was destined to fail the moment Thompson filed the paperwork. PT should have retired 15 or more years ago. As it is, his legacy is one of a series of failures. Pretty damned sad.
I don't think Thompson is quite as smart as a box of rocks. He has managed to fritter away over $30,000,000 OPD (other people's dollars). What's another hundred grand or so if it can be shown that an operation is taking place however futile, thereby appealing to the untutored investor?
BUT, he's smart enough to fleece the dedicated............
You do know that he's walking away with beaucoup bucks appropriated from investors ???? And well worth every last peso. Where else can you buy the expertise of a hobby miner ?
For its 2018 fiscal year, MEXUS GOLD US, listed the following executives on its annual proxy statement to the SEC
Equity Cash Compensation Other
Fiscal Year Ended in 2018
NAME AND TITLE TOTAL COMPENSATION
Paul D. Thompson
President, Chief Executive Officer, Chief Financial Officer, and Secretary, and Director
$310,400
Plus all he can steal from overstated expenses & exorbitant rental fees to MXSG
"Now it is homing to happen with gold profaned the doors will be open by end of year."
A truly profound statement ! Wish I could think of something as thought provoking. LMAO
Golly, I wonder why PT hasn't applied his gold sales to pay off the loan and instead is relying on the good will and gullibility of his loyal followers ?
Question is, who can dump faster....Thompson or the toxic lenders.
So much for paying off the mortgage, or the grocery bill or the light bill.
Almost feel sorry....nah !
What track record is that ? When attempting a rebuttal try to do it with something of substance. Thompson's track record with MXSG is pretty abysmal.
Speaking in tongues again ? Where's that thousand dollar check to keep the old POS afloat ?
Ship may be loaded but its' cargo is worthless and apparently the ship is rudderless.
You are speaking in terminology intended for a real security, not a pennyland sub penny scam POS.
It shall forever amaze me how Thompson elicits such misplaced and undeserved loyalty from people who he has victimized. His singular achievement seems to be evading the truth.
I have attempted to find Thompson's business history and came up empty. His 5 businesses of record are defunct. I can find no record of any sort of achievement other than his statement re: building a mobile home park and a replica stamp mill. His Alaskan cable recovery adventure was a bust. So why do people align themselves with this inept hobby miner ? He has achieved nothing to benefit others in his hobby mine operation but he has certainly lined his own pockets and those of family members.
'Tis a puzzlement.
Those crafty, renowned for their nefarious business tactics, were playing rope-a-dupe and PT was just a fool er foil.
What he is saying repeatedly is, I'm rubber you're glue, whatever you say bounces off me and sticks on you. OR, nice try though !
Rather than refute what is so very obvious, the tactic is to minimize or ridicule.
CEO Thompson is not very bright but he has enough savvy that he can bilk those even less bright.
Wonder how the fund raising is progressing. Never received a reply to my offer of a donation.
Sincerely sorry for whatever losses you have incurred because of your Mexus investment. Seems you were involved since 2012.....a long stint in a losing proposition. It's safe to say no one has witnessed the lies and misdirections to a greater extent than you. The fact that you stuck with it all this time indicates your optimism that things would somehow get better. You at least deserve a merit badge for tenacity.
I hate to see (most) people lose money because of dishonesty and/or lack of expertise. In the case of MXSG it is a combination of those factors plus the fact that there isn't gold in sufficient quantities to make mining feasible. Good luck with your other investments.
Like I’ve always said, he’s a sweetheart of a guy Honest as the day is long in Keikuk, Alaska in January. Just listening to his faltering voice or looking into his experienced eyes tell you what kind of man he. Honest, trustworthy and straight arrow.
Do you really believe Mexus will produce
enough gold to offset a 3 million dollar/yr deficit ?
May I have some of your magic mushrooms ?
I have no problem with your support for Mexus. If
I had invested 8 years and beaucoup bucks I
would be as inappropriately optimistic as you. Fortunately
good sense prevailed
What do the photos show you ? Slag being poured ? No ? Are you quite certain of that ? To take anything from a Mexus statement, document or photograph as a true picture of what is going on is just nutty...IMHO of course. The 10-Q may be a legal document but it is also quite misleading. No itemized expense list which lends itself for misappropriating funds. You have to be totally naive to not comprehend that.
Thompson has downright lied to investors in the past and he will continue to do so....again IMHO of course.
No, I want to send my contribution/donation to the Mexus pseudo treasurer who will make certain it will reach Mexus/Thompson.
He awaits with baited breathe.... as he previously stated and is a booster in good standing.
"Publicly released information. Check PR"
If you want accurate, non biased information look no further than a Mexus PR.
ROFL
"The CAT8 purchased in March was well prepared preplanning starkness if moving the “huge amounts of material”
Huh ? What language ?
If Mexus critic, it automatically leads to a "short position" ?
Not keeping abreast of convoluted thinking or strange statements. Clarity needed.
YOUR (sp) a millionaire I'm not. Big problem making ass umptions. Best regards.
"But from what I understand PT has grades sufficient to do what he is doing."
Uh, you just admitted the studies you have read are all over the board and yet you are willing to go along with figures that indicate profitability...figure released by MEXUS ? Somewhere along the way, PT stated a recovery rate of 30% which is pretty pathetic. Even with higher grade ore, the yield would not be worth the effort unless there was the capability of moving and processing HUGE amounts of material.
Someone can sit all day and enter figures into a calculator and project riches but you see, you are dealing with a putterer whose knowledge of mining and mining techniques are sketchy as are the figures he has released. Chances are great that relying on information from your sources will lead to economic failure.
Good luck to you....you'll need it. Y
One item omitted from the list of reasons to sell Mexus.
7) It is not economically feasible to commercially mine this property.
A feasibility study which is essential to every mining effort of note has conducted a full, third party study. Thompson elected not to "waste money" on this or other required steps. An analysis of the property would have shown it to be a waste of time and resources
I am not certain how I go about sending my name and donation to Mexus, or the self appointed Mexus collection agent but hey, I'm on record here as pledging my quarter.... $0.25 Anything to help support Mexus in his hour of need.
The problem I have is understanding why funds are required since gold recovery was underway even prior to the new MC and except for the rain, the new MC should have been providing a prodigious amount of gold.
Maybe they can enter into a joint venture agreement with another Mexican Junior mining concern in Sonora. It looks like they have many things in common and they could trade information regarding methods to maximize their potential with no discernible precious metal deposit of value.
There may be a cogent argument contained there, I just can't find it.
Low flying aircraft, under the radar pennyland promise ?
No recent PR is good news ? You may be right there since every PR released by Mexus has had bad consequences. Number of followers a board member has is significant how ? How many followers do YOU have ?
The volume is nice... although the PPS is folding. Global affairs have an influence on the Mexus situation? Maybe Chinese tariffs are beneficial ? Uh huh !
Thanks for the daily tally of the number of shares you have acquired. Of immense importance.
Best regards.........
What happened to all of the "phone buddies" who have been in constant touch with the hobbyist ? The board was receiving regular updates direct from the "horses mouth" and then suddenly, nothing. Surely the telecommunication tie has not been broken. But why is there no news ? Gives one pause and wonder if any of the prior "statements" were true not that it makes much difference because there was never any substance to the "conversations".