Desertdirt YOU AND I, and anyone else with even average intelligence know that it takes a lot of expertise to run a mine, and you have to employ key personnel with that expertise.
From what I understand, these are not operating producing mines - probably not even any development whatsoever. First you have high exploration costs to find the gold, and it takes time, and lots of money. Then it takes quite some time, I think at least a couple of years (though don't hold me to that} once you have detected gold to start extracting it.
"....Most gold companies don't produce gold ie Brey-X, Goldrea, Brushcreek, Emgold. Many never will. Most companies have leases or govt claims, no hard asset ownership.
Many hype moose pasture as gold sites. Most small companies hope a major will do a joint venture with them because they have no desire and ability to be operators. Most companies issue shares like crazy........" (from an article on the internet)
A company like Prime Time has no chance except to work up a scam involving a load of hype dished up to the market if gold continues to rise and builds up a frenzy that will attract the suckers.
I would say that Lumb will be in on it.
His comments to you are irresponsible - he would know only too well that Prime Time are in no position to develop these so called mining companies. If they had any real value, they would have been picked up by proper mining companies who know what they are doing, and have the cash, or access to it.
From the general tone of the e-mail though, I think we are getting him rattled, he's fighting hard to contain himself and not stir up a hornets nest while he is in negotiations. He doesn't want e-mails going to to the regulatory authorites, and
too many forum messages getting picked up and spread around.
Keep up the pressure. He should be informed that PrimeTime is not our worry, it is the way the company we hold shares in, headed by himself and the way he has treated the shareholders so far, that we are concerned about
He appears to be hiving off the 'family silver' for some
worthless bits of paper that will add no more, in fact less, shareholder value than we have now (that's if those mines have any value).
As for:
".....I do understand your concerns, but please do not make judgements until such time as we have announced the complete structure of these transactions....."
I can hardly contain my excitement waiting. Probably won't sleep tonight.
