I apologize for not making myself crystal clear. So, allow me to make myself clear.
I am not looking for inside information, nor any hints from the BOD about any sensitive information, nor any information that would be illegal or unwarranted during discussions of an imminent take over.
However, if the deal is done, as they reported, then what is holding up the signature. I could have sent a team of mules to climb that mountain in Chile and they would have returned with the sigs on their backs.
What about the deal that went south. Just how long is a confidentiality agreement good for, an eternity? Who was the JV party that backed out? What is going on with them now? Why the secrecy?
When deals go south, the details of the deal that did not materialize don't have any meaning. So tell us who it was. That they do not let us know who it was, tells me there was no deal! Period! And I think we are in the same position again! So, let me repeat, if the deal was done, what was done? No signature, no deal. Then the announcements about this question or the other being now fulfilled. BS. Get on with the business of mining or get out of it entirely and let the shareholders loose. Stop this stringing along over and over and over and over again.
Supposedly the previous JV went south, and the party was supposed to pay expenses, etc? What is going on with that issue? If there is a legal claim against them, that should be public info. Is filing a public law suit a secret? And if you bring a claim against a firm or individual, don't you have to name the egregious party? What and where is there a claim filed? Against whom? Some phantom mining company? What the hell is this all about anyway? Shareholders deserve no less than the truth!
The carrot of the stock dividend is a crafty way of getting the shareholders to hold the prices up while few use this time to unload at these levels. The dilution to come along with the stock dividend payout will take care of any value add the dividend is supposed to provide. Not only will we face a lower price by then, but once the dividend takes affect, the pps will be adjusted to reflect the dividend payout. And we cannot sell those shares. Well hold on to what? A diluted stock that we cannot sell anyway? Man, I could go on forever, but I will stop here.
Here is my opinion. This is mine and mine alone. You believe what you will.
I can state with a high degree of certainty there will not be any announcements regarding a mutually signed agreement that seals the deal in March. I can also extend the same sentiment for the month of April. What announcements that were to be made were made on March 7. Now in April, we have the stock dividend. So April is taken care of. I wonder what will come in May. A major disappointment or the deal signed sealed and delivered? We shall see! If there is no deal in May, where will the pps be?
So, as we extrapolate this speculation of mine, we can easily see a share price of $.09 to $.10 by the end of April, if there is in fact no such announcement.
And again, it is my opinion, and only my speculative opinion, that there will not be an announcement of a mutually acceptable, executed agreement regarding the 85% purchase of all 1500+ claims as was purported at the SHM. Mark my words, there will not be. And my holdings will suffer as a result, as will yours.
I am holding my shares just in case I am wrong. You do what you want. My advice is to sell now. But since I am not following my own sage advice, I don't expect you to either. Because, frankly, this carrot they have out there is really a big one they are dangling in front of my eyes. Damn their crafty language and games! What if they are right, goes through my mind each passing day. As I wait for nothing.
Well not really, just waiting for the other shoe to drop any day, when they announce that there will not be a purchase of 85% as was announced because.....you fill in the blanks!
I know, you think of me as a fool for feeling as I do and still holding on. If you do, you are right. Deja Vu.
