Wednesday, April 26, 2017 11:57:33 AM
My recent e-mails on this thread have been along the lines of stating that the current price range for this stock is limited for so long as we continue to have a lack of production details from the company on the leach operation. That's not a negative statement; just the current reality.
That's it, plain and simple. The stock is not going to run up, as it did to $0.23 earlier this year and to $0.60 many years ago, on expectations of what could be coming. I believe those days are over. The current shareholder base is mostly maxed out from having already bought what they could. New investors are not going to jump on board without having more definitive information as to the grades that were produced in this first round of leaching as well as the reliability of future pours. Mexus has to now show the market that it can produce efficiently and profitably. That can only come with the release of detailed numbers in a PR and with the timing of subsequent pours, so that an investor can reliably predict what the cash flow scenario will be.
Sure, there has been a lot of progress made. But the rubber meets the road as to what the financials are. And we have had virtually no release of the financials on the project to date. That is what is needed to get the attention of those beyond the current shareholder base.
Don't misread my postings. I am a big fan of the company and have a substantial holding. I have been in this stock for 4+ years, so can wait this out, as long as I see continued progress like of late. But I am not about to jump on the "Mexus to the Moon" bandwagon any time soon. The company will settle that issue with the release of real numbers for the project when they deem it appropriate.
Recent MXSG News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/02/2024 08:59:36 PM
FEATURED North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • Aug 5, 2024 9:00 AM
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Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM