Where is all this crazy MD love coming from?
Stank and Sleep, You are way off base about the role MD played in the downfall of the company.
It was not the greed of lenders that brought the company down. It was the pride and arrogance of MD.
MD did NOT just need more money and time to get the Mill dialled in. He needed to be using the correct ore, which he was NOT. He knew that he wasn't, but was trying to satisfy contracts to "mine" the right mines for legal reasons etc. (PN/Nev Star)He mislead everybody, from lenders and investors to employees. The mill is fine, but they don't even have an ore body permitted to to put the right ore through it. The oxides they were pulling out needed to be leached or SX/EW never floated.
MD pissed away MILLIONS on keeping up the facade of an operating mill even though it was costing more to produce than it was worth. But hey "we are selling concentrate".
MD just didn't and doesn't think he can be held accountable to ANYBODY. Even in his speach at the fake "Grand Opening" he thanked politicians and never offered even the smallest thanks to the investors and lenders that made it possible. Just because MD doesn't have money and assest hidden in the Carabean, doesn't mean this hasn't been a scam. When you hide and obfuscate the material facts about peoples investments and ruin peoples financial lives, it really doesn't matter that there is a big hole in the ground and a 2nd hand mill whose fire sale value isn't worth squat.
Be hopefull all you want that our shares will someday be worth something. I hope that someday the value will go UP to only a 80-90% loss for me. But please don't misguide anybody that MD is your friend and the mean lenders who have had MILLIONS of dollars out of their pocket for YEARS PAST DUE are the bad guys. Sure, they lost patience, but that isn't their fault, it is MD's.
I could keep going, but what is the point. Sure hopefully someday our shares are worth a 1/4 of a penny or a 1/2 of a penny. That is if they aren't completely cancelled. We've all been mushrooms this entire time (you know, kept in the dark and fed on Bullpoop), and now is no difference. This company is WORSE than going to Vegas, at least you have a shot of there.
Naturally all of the above is IMHO. Do your own DD and I don't give stock advice blah blah.
Good luck to all (except all the shyster's who took and/or spent everybodies money)
AI
