I suspect there is an email address, I've just never gone hunting for it. There's certainly a phone number on the Quest web site.
Based on the MSHA report on line, I doubt that it was "shut" down since the report says active and I'm confident it would shout "SHUT DOWN" if that were so. If only so the agency can cover it's butt and "prove" it's doing it's job.
My definition of "shut down", by the way, is a direct order from the agency that you will not work until the items are repaired. I don't put shutting down the miner and conveyor for maintenance in that that category
And frankly, I don't think the violations were all that serious or even numerous when you look at some of the other mines - many of which have the same section violations.
Obviously, the goal should be zero violations. But I seriously doubt that is possible given the complexity of regulations and mining operations. Still it's a proper goal.
But I'm also confident the federal or state inspectors would shut it down instantly if there were potential or even hinted at life threatening problems such as the air system not working or sparks in the mine etc.
While some look at the report as being negative, I don't think it is. Obviously I wish it wasn't there but it doesn't lower my opinion of the operation.
And I appreciate the person finding it and posting the link.
It's good solid information subject to each of our own interpretations.
Same with the on-site reports folks have done and the photos I've seen posted.
And I appreciate the DD that Pedro and Kingofpennies do even if I don't agree with their interpretations much of the time.
But isn't that what makes for stock trading -- different opinions of the same "facts"?
I've got what for me is a pretty good sum of money invested in Quest. And, yes, like many, I'm down way more than I want to be right now. I will certainly not be a happy camper if it gets flushed. But I'll get over it.
(Of course, my wife will just add that to her "you sure screwed up this time" list. It is getting pretty long).
Quest is certainly a gamble. Probably better odds for a pay off than a lottery ticket or an Indian slot machine though.
But it falls far short of being a sure payoff like a government bond.
But I'm a big boy and I understand that and I want a better return on my money than a for sure government bond so I'm willing to speculate.
There are several things about Eugene and the operation that certainly raise some red flags.
Personally, I haven't yet put Quest in the "scam" catagory like some other pennies I've "invested" in.
It's very clear they exist; have a product that can/is being sold and are a going concern with a heck of a lot of potential.
Feds don't inspect phantom operations.
Right this minute I think Eugene will pull it off.
My knee jerk reaction is the BK is not good.
On the other hand, it does give judicial oversight and reporting and it does buy time to work things out.
So in that respect, it is a "good" thing.
A lot of companies have emerged from BK far stronger than ever before. And, yes, far more have gone under.
The share structure is troublesome for me too.
Not the A/S as much as the voting control, the board of directors, etc. all being in the hands of one person who seemingly is not responsible to anyone -- even the stock holders.
Even with several red flags waving and my own personal concerns, I'm leaving my money in for now and hoping for nice payout down the road a bit.
If it doesn't come, that's life in the penny lane.
If it does, you know it's all because of my keen insight and expertise at stock investments -- right.
So like probably 98% or more of the messages on here, there's nothing really factual in this one.
But that's my opinion right now and I'm sticking to it for the time being.
AI
