InvestorsHub Logo
Followers 10
Posts 1681
Boards Moderated 0
Alias Born 09/17/2010

Re: ficose post# 60414

Monday, 01/14/2013 7:26:44 AM

Monday, January 14, 2013 7:26:44 AM

Post# of 67010
Thank you for the most interesting comments on a public company.

First, as I posted I see this stock as a speculative play, and possibly as a speculative investment.It as a speculative investment I am looking for basic answers to determine how much to invest.

Second, it is the company not I that brings up the NI43-101 report.For a company with under $5,000 in the bank I couldnt imagine why they would spend money on such a report,and in fact their coments about a report they have prepared internally according to NI43-101 guidelines makes sense. Of course one would expect as a public reporting company that is required to release material information that they of course do so. Read any NI43-101 report and compare to SEC Guide 7 and mining company 10k reports you will see quickly the NI43-101 contains information not found in US filings. As an example, NI43-101 reports can quote inferred resoruces, SEC filings do not include this. The NI43-101 requires information to be included and manner of preparing, the SEC except for general guidelines in SEC Guide 7 and past practice doesnt spell out requirements lile NI43-101.

Third, good point that what information is available is available in the sources you mention I just dont understand sorry why it is unreasonable that certain basic questions the company doesnt address especially since it is rather obvious a rising stock price will increase their chances of success. Of course if they dont know answers doesnt mean that it is not a good speculative play- I actually think it is, but could be a great one if management actually has apath to production that is credible. I am unaware that asking a company what capital do they forecast is required is an unreasonable question.

No I am not asking company to do more marketing and understandable that CFO doesnt manage the company by chat rooms.I do expect though that a publiccompany releasesmaterial information as they are required to do so. I dont care if they dont know, just that sharehodlers understand basic situation.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.