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Sunday, February 18, 2018 1:35:15 PM
Just about a year ago the talk was that Mexus was nearing production with near zero debt, something 'unheard of' in the mining industry. After Friday's debacle it appears this isn't the case at all.
It's one thing to have delays in production, tweaking this, tweaking that...however, it seems that we are WAY off in terms of where a majority of shareholders (even the most dedicated longs) expected us to be at this point.
Deadjim had it right in his criticism of the excuses going from clay, to zinc, to now salt as reasons why we were delayed.
8.2 oz is dismal...I could pull that out of the Nevada desert in my backyard with a few million dollars of shareholder funds.
I'm still cautiously optimistic that the 'experts' will get the recipe right, however at this point it would be foolish to keep adding shares.
Diehard longs will say 'best time to buy!' but if you ask me, I'd give up a few cents a share and invest more at a higher PPS if I knew they were really hitting their stride.
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