Wednesday, October 28, 2020 9:12:55 AM
Yes, dishonesty is a factor, if it occurs. However, in the more than 10 years I've been an investor in Mexus, I've not heard a single lie from from PT. Paul tells it like he sees it at the moment. You're forgetting that life is what we now call a "real time system." Or, as John Lennon said, "Life is what happens while you are busy making other plans."
When I invest in a company, especially a start-up mining company, I want the management to be confident in their ability to make the business successful. I expect them to encounter problems - and solve them. I also understand that they will make mistakes and, heaven forbid, not do things the way I would; however, just because their plans didn't work out as they thought doesn't mean they lied. In mining, especially on a limited budget, almost everything you do is guesswork. You don't know what is under your feet until you process it. You make estimates based on samples and hope the rest of the ore is the same. (Drilling just gets you more samples, but still doesn't guarantee anything.) Estimates get adjusted based on experience - just like everything else in life.
When PT tells us that he's measured "X", and therefore "Y" is going to happen, I'm sure he believes that it at the time he says it, but that doesn't mean that something beyond his control, or he doesn't know about, or doesn't think is important won't occur and screw things up. So the fact that "Y" didn't happen that way, or when PT expected it to, doesn't mean he lied. It might mean he was overly optimistic or unaware of something, but what he said was the truth as he knew or expected it to be at the time he said it.
I can't ask for more than that.
Dino
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