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Re: es1 post# 133509

Thursday, 07/18/2013 7:46:58 AM

Thursday, July 18, 2013 7:46:58 AM

Post# of 165855
I've already posted my opinions on the archibald report. But regardless, based on the company's response the 788k could easily have been spent on implementing those recommendations. They would certainly seem to qualify as grass roots exploration expenditures. Or it could have been spent on the PR'ed activities from prior years -- the ones you keep raising as valid examples of exploration expenses. I'm assuming SMD asked why they were recharacterized. Wait and see.

If you are assuming that Scott is a FT shareholder then you are agreeing that he is financing exploration expenses out of his own pocket. This seems to contradict your previous claims that he was embezzling money last year. I think you're working yourself closer to the truth.