Replies to post #72414 on First Liberty Power (fka FLPC)

[CaveatEmperor]

I seems that you and ECHO are realistic and have without doubt seen what this company is like and what it has done for the Shareholders, which is fleeced them from the start.

What will happen next, we don't know. The BOD claim they are 'working hard with the Auditors to complete the Filings'. Perhaps if the real truth were known, the Auditors are not much further forward then they were 2-3 years ago. Thing is, they won't talk to anyone except the CEO as it is private.

In addition, it appears the BoD say they've been 'Working with them' for years, so can you imagine the costs that's involved when the bill finally lands on their desk. My guess is, they will leg it and file a Chapter 11 or just close the show down for good?

[CaveatEmperor]

Here is a clip from a 5 year old editorial. You will see how 'yada yada' went on with not ONE SINGLE shred of evidence that anything came of it. It proves how much of a failure that it all was then. Read it carefully and you will see how much 'talk' is involved, but no doing at all. It looked good but was in fact meaningless innuendo as it as intended!

"The Company has entered into an agreement with Shenyang Huachang Antimony Chemical Co., Ltd. ("SHACC"), a subsidiary of New Huachang Five Star Group, whereby SHACC has certain rights to acquire ore mined at the Fencemaker antimony property by FLPC strategic partner, Stockpile Reserves LLC. SHACC will pay a premium over industry standard prices on competitive payment terms based on its desire to source from a stable jurisdiction with strong environmental and safety standards.

With more than 500 metric tons of ore currently loaded for transportation, FLPC has established a first stage (BS) plan to have the raw ore upgraded to a 50 to 60% concentrate. The upgraded ore will be sold and shipped to SHACC for further refining.

"While we continue to move First Liberty Power forward in many areas, the company's main objective remains to achieve initial revenue within our second fiscal quarter ending January 31, 2014," stated FLPC CEO, Don Nicholson. "A key component of our mid-term strategy is (more BS) to be able to refine ore through to finished products in the USA. That will require a transition phase of generating the cash flow to finance such operations. With the offtake agreement in place, we are moving toward that scenario. Our expectation is that the first container will be at the shipping port by the third week of January with regular shipments to follow. More details on tonnage and concentrate levels will be provided over the following weeks, as transportation and concentrating costs become clearly established."

The Company's announced timetable of shipments will also require an escalation in Fencemaker mine blasts, beginning in January. Additionally, there will be intensified BS efforts to complete the permitting process for the planned mill site in Lovelock, Nevada to localize ore concentration".

On paper to the uninitiated, it looks good. To those who can read into it, there's nothing in it at all. It's all total rubbish. Evidence of 'small talk'and 'no work' ever took place!