Some more correspondence with Jimmy. I sent him an email last night in reaction to a little frustration as a result of the underwhelming 10Q. He got back to me this morning. Below is some good information, but again, talk is cheap. We need follow through on some of this stuff.
I choose to summarize, quoting some key points. Below is a pretty comprehensive summary.
Again, no details, but this is the kind of news we can expect:
Management changes
Website changes
News method changes
Fencemaker progress
Mill processing situation
Arabia situation
Other properties
Immediate actions, changes, sources of funds, short and immediate sources of revenue, sales registration.
From what I understand, the situation with Fencemaker is that it needs some tweaking. Their plan was to take their drill tests and 43-101 report and to start blasting and hope for the best, but "it simply didn't work."
Jimmy has taken over this operation and is reviewing the whole mountain range, "This takes time and far more money but we will have a 3D print of the area which might increase or reconfirm the same deposits. We are hoping for more." He goes on to say that if the results are positive, then he will be redesigning the whole operation including the upgrading process.
He points out that this all takes time, people, and money, but,
"G8MI and my extended network as well as myself can assist and fund and bring in people and equipment to get it done. FLPC doesn't need to raise all the money but it needs to raise some."
Jimmy is taking over and clarity is his goal once they get out of this transition period. He expects to take over the news flow and the type of information being disclosed. Let me stress that the guy seems to be a pretty straight shooter, good or bad. He is also aware of investors' concerns, "The company is being hammered and correctly so for sins of the past as well as a huge convertible debentures dump as well as they didn't deliver any revenue."
He plans of fixing things within the month of July.
AI
