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Re: Gotgold post# 6595

Tuesday, 05/11/2010 6:22:13 PM

Tuesday, May 11, 2010 6:22:13 PM

Post# of 7631
Alright already... Yeah, we know. We got it. Rich is inept. Rich is terrible. Rich is going to make us poor.

No, I'm not happy about halted trading due to a lack of financials.

Let's just suppose you who have only criticism and no thanks for where we are, started your own mining company with your own $50K from your own piggy banks. You work your deals, find land, buy properties, sell others, negotiate, twist and turn a sale of San Mig and others... Your $50K turns into a spinoff because that may have been easier and better for shareholders than untangling the web of transactions. Or maybe your management skills and your development skills are both superior. Your $50K has now brought about a multi million market cap in the spin off. But somewhere along the line,your start-up isn't yet making money. You need to make a decision - catch up the financials at significant expense, of allocate the same funds toward mine developement in the hopes of growing the spin-off, raising funds, and then catching up the spin-off, too. Rich is late. He didn't get both done. Both didn't happen. Only one. Gotgold, I don't think other posters are pleased about this SEC situation. Would you be giddy with delight if the financials were completed but we had lost Don Ramon? No suspension! No mine, but never mind that. We got financials. Gotgold, you are well traveled. Nobody is happy about this SEC bit. But you/we didn't buy Barrick Gold or Newmont Mining. And you didn't buy BreX either. SamDan doesn't mean to say no financials doesn't matter. He does mean to say the fundamentals of projecting $1-2M per month from Don Ramon do matter, and shareholders will still be rewarded. I know, I know, we have yet to get a real taste of the strong revenue, but it will come. We have a mine. We have ore, concentrate and good grades. Revenue is coming. Financials are coming, too.

Regards,
FORE

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