interesting since last we heard about blasting was well over a year ago and since then they have done no mining. 99% of the work done since they blasted the white channel has been building faulty raises and not gold mining.
That is the problem with "the source" They always seem to have the most awesome information but for some reason the information never actually comes to the public.
Seems to me that if I was "the source" and I saw "awesome pay dirt" in the last blast(whenever that was) I would not be a source for information. I would be the guy buying up millions and millions of shares.
Doesnt really seem like anyone is willing to put their neck out there based on the volume. So IMO if a person is not smart enough to buy on info like that they are also not smart enough to recognize pay dirt when they see it.
This sounds to me like whoever you heard this from is hoping for a raise in the PPS so they can get out with something less than a total loss.
From my "source" the company is sitting around spinning its wheels with no money no financing and no way to open the mine. They are looking for non toxic funding to fall out of the sky. After all the VCs are not going to loan him any more money until they are finished unloading the billions of shares they have.
With their debt load they will never find a real loan using shares as colateral and they have no resource to use to assure a lender of a return. Bottom line..... this stock stays dead until the VCs are done unloading and then PL can borrow against the shares. Probably around Q3 or 4 after 1 more RS
I am also willing to bet my source is much closer to the info than anyone elses.
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