Hi Pitman.
I was chatting to one of the Mine owners yesterday for updates, and it transpires they offered FLPC a Lease to the Mine some years ago for a moderate sum of money, but FLPC declined. They said they didn't want to actually Mine, but just wanted to lease it!
This may prove two things. Using the Mine Lease as a way to encourage the shareholders to invest in 'potential' and say what they would like to DO with the Mine, but not actually DO anything, which they have done very well!
Despite renewing the Water Pollution Permit, for which they paid the authorities c$1500, to try to give a degree of credibility to themselves and to give people the appearance of 'progress'. The Rhetoric from FLPC has worn very thin, so we all know that the company will remain 'inactive' on the Mining front.
Had FLPC offered regular news updates and showed physical progress, they would have been more believable. Sadly, updates were only one or two a year. Even then, these weren't real news, just to mention the Filings were being progressed (ahem), and second, to mention that the SEC had revoked their Trading Licence until such a time all Filings were made available for all to see.
Hardly the way to promote a Mining business. It's becoming a clear cut case of deliberate misrepresentation to Shareholders, knowing full well they were going to get working capital without doing any real work. I think to most of us, this is very underhand tactics?
By now, everyone will have been able to see right through the ruse like a new Windshield, so much so, that it's growing whiskers! Isn't that right, Pitman?
