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Re: wald post# 2984

Friday, 09/09/2005 11:20:07 AM

Friday, September 09, 2005 11:20:07 AM

Post# of 7422
A little insight into this mining operation...
The CEO has been advised by both the independent geologist and by a large group of financial backers on how the mine should market it's product.
the geologist advised that to sell this product for pottery would be a waste of revenues and to hold off and wait for nano tech developments would put the mine in better financial footing.
The mine had to be bought from Chester before a lot of dollars were made from the product to insure that the deal would go down and Chester would not hold out for higher sales prices.
There was a group of well connected nano investors that wanted a private placement last year but the CEO refused and they had to buy on the open market. This year they were granted a private placement and that money was used to take care of debt and ownership issues.

So the question is / go for the short dime or the long dollar... the long dollar is the answer here and if any investor gets impatient with the time frame they are not following the story of the stock.

There is no substitute for conducting your own research