Replies to post #45919 on Mexus Gold US (MXSG)

[Captain Black Bob Blanco]

Zero cash, and huge debt. Pretty safe bet that Mexus will be trading at .0001 in the long term, and likely .0003-.0004 before mid-December. It’s pretty much finished in my opinion. I can’t see them continuing to do SEC filings.
If it wasn’t for the enablers that kept people believing, along with vague and misleading PR’s , and the toxic lenders, it likely would have been over ages ago from being so badly mismanaged. I would like to see the company be investigated and have it’s books looked at by a forensic accountant, to see exactly what and who the $38 million dollars was spent on, and who, if anyone, was benefiting from insider trading, doing wash trades, and deals for placements with non-accredited investors.

[1manband]

It all comes down to what I, and other posters both knowledgeable and experienced in junior mining stocks, have been saying all along for years.

There is no economically recoverable gold there.

None. Zero. Zip. Nada.

Yes, this has been an insider enrichment scam all along. NO legitimate junior miner begins mining without a feasibility study, no matter what PT and his paid mouthpieces have claimed. The only reason to do so is to use the gold mining operation as the centerpiece of the scam and rope in unknowledgeable and ignorant investors who don't know any better.

Mexus' stock price will never recover, which means everyone's investment here is lost. But, I hope in lieu of getting their money back they have learned a lot about how gold mining actually works, and won't fall for this kind of scheme again.