Well, back from my trip.
BLM was not the place, had to run down to the Owyhee County
Recorder.
Interesting findings.
No mention of DCUT anywhere. However, this is not surprising
since they have only signed a "Letter-of-Intent" with Laoshan,
not a purchase. So, there would be no record of DCUT.
However, I did find some other interesting tidbits.
I got some help from the clerk at the office.
Laoshan owns the royalties covering the entire central part
of the mountain, and the southern side of the mountain. The
Central part is where the major veins are. The northern part
of the mountain is BLM land and State of Idaho land.
The interesting part is that Laoshan also owned most of the
land on the Central and southern parts of the mountain. That
is, until last summer. They transfered/sold the land into a
corporate entity based in Boise, which was also essentially
a shell at that time.
Now they are selling the royalties into a corporate entity
in Florida, that is essentially a shell ( DCUT ).
Why ?
Why divest assets from a private partnership into corporate
shell entities ?
Got me to thinking.
The only thing I can think of is that they are positioning
themselves for a higher premium on the assets during a buyout.
Add this information to the activity on the mountain, and I
smell a takeover coming.
I called a brokerage firm friend of mine up in Couer-D'lene,
and asked him if he had heard of the company that bought the
land last year. He stated that the company had shopped an
SB-2 Offering around the state late last year. He heard that
it was taken by a Canadian Broker-Dealer, to go public this
fall.
Now, consider this. Mr. Quillian ( President of DCUT ) is
a Canadian. What if the Canadian brokerage firm knew
Quilliam and brought in the DCUT shell to acquire the
royalties ?
How else would DCUT have any connection to gold mining
royalties in Idaho, from Florida, when they were a "security"
company prior to this ?
Now, I've connected a bunch of dots that may not have any
reality to each other than what is in my mind. I've had a
lot of fun with this. But, let's take this a little further
and run with it.
Let's assume that Laoshan has bought DCUT, has placed its'
assets in it, in addition to owning the other corporate shell
with the land in it, and is planning to run them in order to
force Kinross to buy the companies before the valuations get
out of their control. The drilling rigs on the mountain are
obviously hired by someone with deep pockets, and the only
one around is Kinross.
I'm betting that a buyout is coming on DCUT.
Just my opinion and I ABSOLUTELY could be wrong. But, at
$ .0002, all you can do is lose all of your money...LOL.
