Mexus Gold US (MXSG)

[T-Hawk]

There are false starts and stops along the way.

Anyone who invests in a sub penny mining stock knows this (or at least should have). For the majority of folks around here, their beef isn't that there are set backs. Their beef are the PR's with only partial information.

I understand no company is going to give full disclosures on everything going on in the company, but Mexus has given overly optimistic PRs to present an overly positive picture that, as we found out last week, was inaccurate.

As you stated in another post, there are no balance sheets for investors to work off of, so that makes it all the more important that the PR's give an accurate representation of the company's progress and/or any set backs.

Last week's PR was a good start to identifying any setbacks. But if there are any other skeletons in the closet, now is the time for Mexus to come out with them (i.e. high number of cash receipts and ideally a better accounting of where that money is going. Specifically if we are supplementing, or flat-out funding, labor and operational costs for Santa Elena).

Folks like to tout Paul's honesty and integrity as reasons to believe in Mexus. That integrity took a hit after last week's PR in my mind. As a result, I'm now on the sidelines with this stock. At this point, I'm of a similar mindset of DeadJim. I'll wait until this thing breaks out or I see credible, independent, 3rd party verification of progress before jumping back on. That has nothing to do with being faint of heart, and everything to do with not being able to reasonably trust what comes out in the company PRs.