More of my opinion -
The delay of the sample results...a miscue or a sinister plot to mislead on the part of Seacove, Mike Hill....?
My best understanding of Shawn's part in this is that Mike Hill told him something to the effect that the samples were "delayed", "not in hand", etc. Shawn then, in my opinion, innocently made a reasonable assumption that the delay was due to the lab and used the term "backlog" in his explanation. In retrospect, a mistake but NOT,in my opinion, a purposeful attempt to mislead. I firmly stick by my prior statement that I have never found Shawn and Jeremy to be anything but forthcoming and truthful.
What about Mike Hill? Based on what we know, the resumes of Mike and his team are impressive and remarkably pertinent to the task at hand. Up until the delay of the samples, Gemini's execution of its business plan has been nothing short of incredible. He's got the Colombian Gov't giving him money and the supplier of his mining equipment on board, etc., etc....all good!!
What I also like, as I said in my previous post, Is that neither Mike nor the guys at Minera Primecap can "get well" in this deal until they reach a successful finish line. They own decent chunks of stock but not so much that a doubling or tripling of the stock from its current level in a short term "pump and dump" makes any sense - they need a multidollar price that will only come from proving the LP resource and bringing LC into full production.
Which brings us back to the "why" of the delay in the sample results. I, too, wonder why the results of the first 25 samples were delayed. If they were great and available from the lab, why not put them out? Good question....I don't know.
What about the delay of the results for whole batch of 125? Why is Mike Hill not being more specific to Sea Cove about that? I don't know. We can't totally discount the fact that, in this specific case, the lab has some involvement in the delay, but let's assume not. Let's assume that Mike Hill, himself has made the decision to hold back the results. Why? What does he have to gain? Is his statement about non-availability of results a devious lie tied to a nefarious, self-serving plan that should send shareholders rushing to the exit or is it simply an astute short term business decision that ultimately will benefit all concerned. (Or could it be the simple truth in the event, in some way, the lab really is involved)?
In my judgement, based on everything I have learned about Gemini to date, it's either the simple truth or a business decision that will end in a positive result aimed at achieving the endgame....proving out the LP resource and getting LC in full operation.
What I keep returning to is the simple fact of motive. The big payday for everyone, including the insiders, only comes with the full and successful execution of the business plan.
Again, prove out the resource at LP and get LC producing...!
MY logic then dictate's that Mike's words and actions along the way are aimed at achieving those ultimate goals and not at some self-serving short term play that would be injurious to shareholders in the long run.
On one side of this argument, we've got a huge amount of evidence that Mike Hill, his associates and the project are very much for real and moving with competence and speed to achieve a profitable conclusion for all. On the other side we've got honest questions and concerns about delays in two reports and the manner in which the rationale for the delays was presented. I'm not happy about the delays or the lack of a specific explanation for them (and the reasonable suspicion which has been engendered by that) but, for me, this issue, in and of itself, does not come close to being a deal breaker for the reasons listed above.
I'm sticking. In the absence of more evidence to the contrary, I continue to believe that Gemini is the "real deal" with a great potential for a serious payday for shareholders.
marich
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