Wednesday, April 25, 2012 10:55:21 AM
I think the train for all that discovery has left long ago. Either there is gold in those hills or there isn't. There is not doubt that the mountain is there with metals and minerals. The issue is not to be clouded with the often heard cries of wolf from longs who claim to know more than they really do.
Their expectations of today/tomorrow and their pronouncements are not on schedule with the BOD or the consortium who is involved in the deal.
My speculation is that the "deal" is done, but the so called "done deal" is full of contingencies. I don't know what the contingencies are, but I can speculate. However, I will refrain. Hence no announcement, until those contingencies are satisfied by both parties.
Until the deal fully conforms to all parties satisfaction, there should not be, and there should not have been any shouts of "done, done, done" from anyone, least of all from the BOD.
Just what is another image of the interior of a mountain going to do to bolster anyone's confidence in this investment. NOTHING.
So, I wish all would just shut up and wait. If this is a scam, it will get flushed out soon enough. If there is a deal, and there is prove up of the metals and minerals, the buyer(s) stand to make a lot of Yankee Dollars and longs will go along for the ride.
Don't ask for pictures. That is a non game event. What is important is what this deal means to longs. Are we really in an agreement or is this another agreement to agree with a lot of contingencies that are being chipped off daily until there is enough evidence of metals and minerals to satisfy the buyer consortium to fully execute on the agreement.
Summing it up, I don't think the BOD will risk going down the same road as they have last year and in previous years. The game has changed and if they are perpetrating a fraud, it will be a life changer for them as all longs will not tolerate a fraud and will necessarily seek some type of retribution, i.e. SEC investigation.
I don't agree on the way the BOD has handled their announcements well. I am tired of their fluff news. I don't want to hear generalities. If they have a specific number on the prove up, the content, the size of the find, then talk, but otherwise, just keep moving forward and deliver an end agreement/product that we can all be proud of and provide the pay day we are jointly looking for.
For the record, it is only my opinion that there is no fraud. The deal will be flushed out soon enough, and that may be another six months. We just don't know what really is the agreement that the management and BOD have agreed to. The devil is in the details.
Hang tight and let it roll out one or the other way. Pictures are not the issue. The details of the agreement and the pending announcement is the deal.
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