Replies to post #37840 on Mexus Gold US (MXSG)

[Belgie24]

The fallacy in your statements lies with your "current machenary is already working a full capcity 24/7".

The machinery is not working anywhere near 100%. Electrowinning is being used at the current flow rate, the Merrill Crowe is standing ready, and there is a ball mill on site that can be used to mill high grade, when the time is right.

Plenty of machinery to increase production, and easily pay off the loan in 6 months.

My order of action: first you stop the dilution(done), then you expand(in progress).

Wonderful news today.

[wxdog]

First you'd stop the bleeding, then you expand. You borrow at toxic rate levels because that's what you have to do to survive. You don't borrow at those rates to increase productivity. You'd wait until you could secure better loan rates.

And another post about toxic lending...again pontificating over a matter that one has ZERO knowledge of. No knowledge of even the first sentence of a binding note between two parties.

“FIRST I’d make sure I had plenty of cash in my account to insure I didn’t run into any hiccups with 24/7 operations. Ship needed equipment to expand all things St. Elena. Wages for increased labor, diesel, chemicals, blasting and on and on! So no, I don’t agree at all. If I can push the note off until end of year 1. I don’t dilute share price any further 2. Not having any cash means interrupting continuous 24/7 operations 3. By not delaying buildout, it might mean the difference between 150 ounces a month and 500 ounces a month...months sooner!

Once again, no body is talking about all the notes THAT MEXUS DOESN’T HAVE EACH MONTH between now and the end of year?????

Cheers