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Re: bikeguy post# 8735

Friday, 01/09/2009 3:35:09 PM

Friday, January 09, 2009 3:35:09 PM

Post# of 83075
This field report confirms a few things some of us had assumed...the company ran out of operating cash, so they had to liquidate more shares (as well as ue this to acquire more property). That's why the stock went all the way down to the .002s/.003 level. Thanks for the shareholder love!

Based on this bullet point, we can only expect the company will sell more shares to acquire more equipment (unless they meant picks, pans and shovels only):
"Discussion continue with JV partners to supply additional mining equipment for current mining season"

Notice how he highlighted the diamonds found aren't salesworthy yet.

Notice how no gold update was given for the rest of December. The assumption that nothing was found the 2nd half of December is probably true.

Great will be the day we hear about tons of solid gold mining results and profits!