Thursday, August 26, 2010 10:20:36 PM
I was here when the first dredging Operation was launched.
Much of that work was wasted as the stockpiled gravels were apparently washed away despite good intentions.
Unlike our dredges just reported our dredge at that time did not produce gold then as reported by Moderators of the day.
Removing those overburdens at that time yielded little if any gains.
I am sure they learned a lesson or two there and one should hope they don't make the same mistakes but do make new gains in the process.
Declared extractions and Revenues is always fundamental info and will need to continue for any value whatsoever to be returned to shareholders decimated by prior management practices and failures.
I fully intend to call them to task on that issue alone if they do not get that basic info to shareholders and investors.
You really do not grasp the last three years to claim time is on our side.
Time is actually against us and it is time to put up or shut up.
Time is up.
The time for excuses is over. It is time to get the job done and it looks like they finally may be starting to.
We actually took a couple of substantial steps backwards this season but seem to be finishing well and regaining some lost ground.
The removal of overburden is necessary to get to pay dirt but overburden removed in the rainy season can still be filled in again with more rain.
Anything recovered in that overburden is a bonus but the point is that Revenues are being realized that can offset future Dilution.
Only Revenues or financing can prevent future dilution so if you are trying to say declaring Revenues now is pointless or overrated than you are way off base IMHO and missing the point completely.
Preventing dilution is only one significant aspect in declaring Revenues now.
How about declaring Revenues to:
- actually behave like a real Junior Miner
- gain market share and awareness of Junior Mining Investors
- obtain financing with favorable terms
- actually show what progress is occurring
- show the company is doing what it claims it is
- build investor relations
- show progress with each new extraction report
Just to name a few
Revenues are critical now and it is nice to finally see management actually realizes it is info shareholders should know.
I give them the moment and if they refuse to share fundamental info and progress I will call them to task immediately.
To see real progress we will see monthly extraction reports and even more often if things are going extremely well.
By May we should have received numerous extraction reports considering it is only just turning into Sept.
No one is going to hold there piece until May.
Good luck with that.
Two FR's and an update to one of them have had minimal impact because the Junior Mining Market has already long forgotten us.
FR's are refreshing but obviously do not get the job done.
eye
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