IT IS BEGINNING (Beginning?) to look very much like Lumb is playing for time - time to get his hands on money from any deal
on his Mining portfolio.
There has been no PR's on any progress on the Financial Services venture. That, to me, would be a small effort, but a considerate one - that is if anything had been done except produce a not too inspiring website in some third world country.
The only assets this company has at present is that Mining portfolio. And we have little idea of its value. However, it must be known, or how else could they be about to close a deal on it. No serious company would buy something upon which the value had not been estimated.
Any value would do for a start.
I would have thought that those shareholders to whom have been
allotted these shares - in fact, are supposed to have received them, should be entitled to have some idea of their value
Another thought came to me is that he has set up another company. or has an interest in one to which he is going to sell
his mining assets at a give way price - way below their current value which has been rising daily. Gold did hit over $800 on the futures for a while yesterday.
It is possible in the current climate, and the foreseeable one, that any land which has precious metal potential has, at present, 'big buck'value. But, from my knowledge of this sector, the very big money has still yet to come. Look at the ETF GLD how it has been rising since it came to market - only last year.
Just thoughts I'm sharing. All may end well, but better not take chances. I think that now we have again some contact with the company (we didn't for a while) we should keep up the pressure for more information on where we are going, and what we have a share of.
AI
