Huesos DNI A Little short term drama is all. Thats all a desperate attempt to save their azz and to save face with their investors. Im about 100% sure its made up BS. So far out, one would think "You cant make this stuff up" They however have managed to dupe a lot of investors.
Lets use our heads!
The agreement
DNI METALS INC. (DNI : CSE) (DG7N : Frankfurt) (DMNKF:OTC)
FOR RELEASE – March 27, 2017
3 CGM . NI 43-101 Resource Report must be completed by June 30, 2017
4. NI 43-101 PEA (Preliminary Economic Assessment) must be completed by
October 31, 2017.
5. A$200,000 to be paid to DNI by March 31, 2017
6. U$150,000 to be paid to DNI by June 7, 2017, unless Cougar has withdrawn
from the agreement by April 12, 2017.
7. One of Cougar’s eight drills has arrived in Madagascar, and should be on the property within a week.
8. Cougar must drill a minimum of 3,000m
From Educational site
Reverse circulation High drilling penetration rates:
Production rates are superior to diamond drilling; rates of 200-300 m/day are routine at speeds faster than 10 m/h. Therefore, results from RC drilling can be revealed to clients much faster because the drilling process takes less time.
Drilling rate 200-300 METERS/DAY so 3000 meters is 10-15 days drilling. Cougar drilled only 2000 Meters in 8 Months.
DNI on their own drilled 1000 meters in 60 days with a slower core drill and had to pay for the drill themselves.
July 7th 2017 DNI Issues CGR a notice of default. Guessing things went down hill from here.
Through out the whole 8 mths Cougar had only ONE DRILL and ONE EMPLOYEE on site. As far as I know Randal Swick was there once in the spring and again to rescue his driller. I know Dan Weir was their every month for a minimum of 8 days with hands on.
Does this sound like Cougar put forth a best effort? Dont think even CGM share holders would be happy with this. CGM shareholders should start a class action lawsuit.
Sept 12 and Sept 27 Bogus Mining watch smear piece put out. Fact DNI has the correct permits! The rest was bogus as well.
About the same time, clods show up on the DNI bulletin boards spreading fear.
Early October Cougar still hopelessly behind. The bulldozer gets sabotaged and Cougars driller gets thrown in jail.
Maybe last ditch efforts to get another extension? Just saying
Looks like Cougar wasted DNI share holder time and money plus put DNI through much stress. We should have been building a plant by now and the off take MOU may be in jeopardy since Peninsula was in a hurry.
Cougars 7 day period to rectify the situation is up. Expect some news tomorrow.
Dan Weir will get it done! I know a mediation will be an overhang of fear but I dont see Cougar getting much of anything. Keeping 100% of both projects will be a boom to investors.
Checkmate28 JMHO
