Friday, April 08, 2011 3:55:36 AM
If they had performed better in the first three months there was a slim chance at profitability.
We are far closer to the end of the dry season than we are the beginning of it.
Those latest results are no where near enough to even cover Operating Expenses.
There is no doubt in my opinion that the greatest Income will come from stock placements once again as it has for years.
Only now I fully expect the A/S are unlimited because of our Wyoming Incorporation.
Posters here actually act like we even get to keep all our Extractions.
JV partners still get their cut and Operating Expenses must be paid.
Recent Extractions are not enough to cover Operating Expenses and will not be for a long time.
It will be interesting to see when the next Extraction Report comes out considering it took 4 months of the current Dry season to hear any Extraction Results whatsoever.
The longer Dilution continues the more likely shareholders will lose some if not the majority of their investments.
I am certainly not the only one to notice the failures of the company and as more shareholders lose their investments the more vocal they will become.
Of course they will walk as if on eggshells for awhile so as not to rock the boat.
The failures of this company are far to plentiful and visible to ignore forever.
IMHO the Extractions of the last four months have determined the unlikelihood of being profitable for another year.
Personally I don't expect another Extraction Report for several months to come.
The latest Extractions, continual dilution as indicated by actual filings despite those claiming otherwise and lengthy silent periods can not sustain the stock price.
with no drivers it will fall once again with the occasional mini movements generated by MM's to make some coin.
eye
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