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Re: philtila post# 38030

Tuesday, 08/17/2010 4:31:44 PM

Tuesday, August 17, 2010 4:31:44 PM

Post# of 83504
August 17th

The Upcoming mining Season is a ways away and John hasn't outlined or initiated any changes to his 6 month extraction policy.

That indicates the next extraction Report remains six months away from his initial declaration.

There has been no evidence of any reevaluation of extraction report policy.

What sense or argument can justify withholding extraction results this Summer and Fall which are already upon us.

There is no justification in not reporting monthly or near monthly extraction reports as they always have prior to this year and especially if we need additional financing.

Coming up with that policy in the first place shows extreme short sightedness on his part.

There was absolutely no justification for it anytime past or future.

Its called building shareholder value and is fundamental info in Publicly Traded Corporations.

Earnings, profit, losses, Expenses and dividends drive Publicly Trading Exchanges and companies.

Speculation and Potential have impact but are not the drivers.

The fact we have Revenues puts us ahead of many wannabee Junior Miners already.

Kind of pointless to hide that info if we want to be a Junior Miner too.

Witholding key info therefore increases the chance of dilution as fundamentals are not clearly visible.

Cork is right that some dilution is better than others however sufficient Revenues make dilution unnecessary.

I don't think Revenues from dilution have been abused here and have probably been spent wisely.

I do believe withholding key info in the past has sent this stock plummeting and reeling which increased the amount of dilution required to raise targeted Financial infusions and the chart itself confirms that claim.

The cheaper the stock price the more dilution occurred to raise that Capital.

Profitability, declared and REcurring Revenues is the only thing that can prevent future dilution with the exeption of Financing which also demands Revenue declaration in anything other than toxic financing.

It does not appear the company is desperate enough to require or need toxic financing.

Without Revenues however additional dilution is likely imminent.

Withholding key info is never good and I have never seen good come to shareholders for it.

John can infer change if he likes but its all talk until he gets the job done.

I hope he does but if he was going to based on calls and emails from shareholders he likely already would have.

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