American Scientific Resources (ASFX)

[The Rainmaker]

Here's my WAG on this deal, based on some info I found. I'm hoping the new CEO who is still Chief Accounting Officer for LODE, plans to spin off some of LODE's assets into ASFX. This says LODE had a plan to list some of their assets on a stock exchange. LODE is already public and trades on AMEX under ticker LODE. So why would they talk about another public listing unless it was to spin off some assets into another public company. Then their CFO suddenly takes over ASFX today? I'm feeling lucky today and I'm feeling like we might get lucky with ASFX and a new merger deal with LODE.

Here's why I say this.....From LODE's website
In connection therewith, the Board has agreed to pursue listing of the common shares on an appropriate securities exchange in due course.

Full text and link
http://www.comstockmining.com/investors/financial-snapshot

Strategic Plan and Management Reorganization

The Board approved a strategic plan in April 2010, designed to restructure and recapitalize the Company, accelerate mine development and production and continue exploration. The principal features of the plan encompass a recapitalization and balance sheet restructuring (which included a reverse stock split, a debt-for-equity exchange, the securing of certain critical mineral rights and a new capital raise to fund gold mine operations, exploration and development) and an operational and management restructuring. The goal of the plan is to deliver stockholder value by validating qualified resources (at least measured and indicated) and reserves (probable and proven) of 3,250,000 gold equivalent ounces by 2013, and commencing commercial mining and processing operations by 2011, respectively, with annual production rates of 20,000 gold equivalent ounces.

In connection therewith, the Board has agreed to pursue listing of the common shares on an appropriate securities exchange in due course. The strategic plan has scheduled the exploration and development drilling intended to validate mine design and increased qualified resources and reserves in the latter half of 2010 through 2013, with two intermediate objectives of 1,000,000 gold equivalent ounces and 2,000,000 of gold equivalent ounces with the long term planned objective of 3,250,000 gold equivalent ounces. The plan has also scheduled the start of production operations in 2011, initially from using existing heap leach operating assets, and then scaling to an annual run rate of at least 20,000 gold equivalent ounces.