I am not attcking your DD or thoughts.
I was a shareholder at that time and the pumping and projected increase at the Pampana Project in production and gold extraction is just one of the pumps that convinced me and a number of other shareholders this company was growing and we increased our positions.
We also convinced family and friends what a great stock this was and promoted it on every stock forum.
The initial pumps of the company were the hard rock formations and the delivery of our two mobule processors.
The Processors had been delayed but the company started Alluvial production at the Pampana which was a milestone for the company.
It was their first Revenue producing Project and was a huge deal to shareholders at the time.
They announced a ramp up of those operations and intended to triple production and extraction which supposedly was to yield 3 kgs of gold per month.
Thats about 1.5 times better than our best production this year from all of our current Projects.
After that ramp up was announced there was no, zero, nada update on that project and no official explanation whatsoever, ever.
Your dd has dug up the only info discovered on that subject.
The company abandoned both the Project and its shareholders and we were placed in the dark.
It was one of many pump and than they crushed their shareholders by avoiding any updates on the Pamapan Project.
It was from that point this management style continued and it was from that point our shares started their year and a half tumble.
For those of you who do not understand how that feels picture us going through another wet and dry season with virtually no word on our current projects and no extractions from them.
You would have to mix that with absolutely no communication about it. In fact we would actually have to abandon all those projects as well.
Thats what we went through and thats why the stock started to tank.
It wasn't the last dismal communications or pump that cost shareholders dearly.
Before you take my post as a dig at you, consider what shareholders at that time actually endured.
I am sorry if you are troubled by my post but there is a lot more investors than you and your group that were decimated by the company's actions at that time.
Think about it again, another year with no updates or communication from current projects and abandonement of them is exactly what we went through then.
I am certainly glad Wade gave you permission to share this but where was he back then and why did the company hang its own investors out to dry back then?
Yes I and all shareholders at that time are sensitive about it, we lived through it and newbies here have no concept of what the company has put its own shareholders through.
I suppose there are some from that time that have simply been able to average down and find it unprofitable to discuss but they know it happened too.
eye
AI
