MSB Global Capital Corp. (MSBM)

[fazoolius]

Not sure if this slipped under the radar, but just saw it on my ever more infrequent trips to the website:



Nov 19, 2007: Russell Industries releases first seven Rage Claims Drill Logs


CEO Rick Berman released drilling details of last weeks' drilling at the Rage Claims. He added the following report:-

Russell Industries has a permit to drill 27 holes. Seven holes were drilled and logged last week. The permit states we need to reclaim what we have drilled, which will be done this week. We will leave the surety intact and will revisit the drilling again in the Spring, when the weather is better.

There was no uranium at the depth these seven holes were logged, which is disappointing but the company remains upbeat about moving forward.

http://www.ru308.com/2007_11_19_news.asp

Depths of the holes drilled:
Rage Claim report 1: 50 ft (logged to 49.60 ft)
Rage Claim report 8: 220 ft (logged to 165.1 ft)
Rage Claim report 9: 84.50 ft (logged to 84.50 ft)
Rage Claim report 16: 117.2 ft (logged to 117.20 ft)
Rage Claim report 19: 220 ft (logged to 167.10 ft)
Rage Claim report 21: 220 ft (logged to 155.60 ft)
Rage Claim report 22: 220 ft (logged to 143.30 ft)


Now, the logged depths listed in bold would indicate that the logging was done much later than the drilling, thus the bore hole experienced cave-ins.

I am also very curious as to the depths of the holes. I thought it was determined by previous drilling, logging and sample analysis, that drilling would need to go deeper. I fail to see what the benefit of drilling and logging a 50ft hole is. To me, that seems to be a waste of money. If it were a test hole, then why not drill it to 50 ft and then log it before continuing on to drill other wells. Also, why 84.5 ft drill hole? Why drill a hole to 117.2 ft? The only thing I can think of is that they ran into difficulty drilling, ran out of water, ran out of diesel or something to that effect. I could buy any of those reasons, but why in the world would you log them? Why waste the time and money?

Also, the numbers on the holes are interesting. Why would you not just begin drilling the wells and label them 1-7? They are not sequential and would leave one to believe that Berman actually has a strategy laid out for drilling the holes. This is either Berman doing something intelligent for a change regarding operations or it is a sneaky move to make investors think he is smart.

Lastly, looks like we are not going to see any further drilling until next spring. That is probably the most honest statement that Berman has put out...I think I actually believe him when he says this. What else does the statement about delaying drilling until next spring tell me? Tells me that we should very much expect a R/S in Q1 of next year which Berman will use to justify the drill campaign for the spring.

Wouldn't it be nice if Berman just laid out a plan for us? Maybe giving us a good time line, budget, target depths and locations of holes, and justification for the actions? Sure would, but not holding my breath.

On a lighter note, I have been investing into SRSR.PK. I would suggest everyone has a look and do some DD. I put the money that I got from selling 50% of my RSDS shares at .0005 into this and I am loving the results. There is a lot of upside as a new CEO, Scott Keevil, is coming on board on December 1st, they continue to make acquisitions, they are into gold, uranium, platinum, palladium, and completely opposite of RSDS, they just reduced the A/S by 100 million shares today.


Hope everyone is having a great day!

-faz