Mammoth Energy Group Inc MMTE up 450% ytd.. otcpink
Hello,
I hold a very heavy position in MMTE., a Lithium
Dev & Exploration company that has recently acquired 8600 acres
in Chile, the Salar de Maricunga a very rich Li source and very dry desert (this is perfect condition for the evaporation pools once Li is extracted.) Our CEO is a young phenomenon who has had a vision for this company since being voted into office in 2009.
William Lieberman has a strong mining background and long reaching arms. His history is available on www.mammothenergygroup.com.
The CEO plans to be 'the largest acquisition land holder by total acreage in Chile'. Original plan was for 31,000 acres and now it is believed to be in excess of that. His other interests are in Argentina and Bolivia. William has long standing relationships in S.A. and speaks fluent Spanish. He was voted into the company as a unscrupulous party was being removed. In the act of retiring said party's shares it became necessary for William to retire over 700M of his own shares which he and the secretary/treasure did. He has voluntarily reduced his shares to secure the future of the company. He draws no salary. Their has been no dilution, confirmed as recently as one week ago. The CEO continues to state no r/s. The CEO is intent on uplisting to AMEX. Longs believe there will be a merger and possible buyback. This is a crucial week in Mammoth's history. The land acquisition PR was announced May 26th and we have been told to expect several more PR's by end of June.
*The share structure is 5,000,000,000
*Additional 10,000,000,000 shares have been introduced as required by covenant designs.
*Lithium rich acreage in Chile is valued at 10,000.00 to 30,000.00 per acre. With 31,000 acres x 15,000(mid-line range)=465,000,000.
465,000,000 % 5,000,000,000 = .093
* With the current acreage of 8600 x 15,000.00 = 129,000,000 % 5,000,000,000 = .0258
Legal Counsel
One of the best Lawyers in Chile Philippi, Yrarrazaval, Pilido & Brunner
and
Law Office of Corey J. Brinson, LLC
Currently serves as member of Hartford City Council
2010 Attorney Brinson was a candidate for CT Secretary of State
We welcome new members on the board and please do not hesitate to ask any questions or address any comments you may have. We have a IR person at the company who returns all calls and is passionate about the company. Best Wishes to all.
Dii Dii
