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Banlish

04/15/10 9:32 AM

#62683 RE: empire999 #62654



From what I understand CPRK didn't and doesn't get to analyze the sample solo. The refining/smelter gets to since that's 100% how they get paid per truck load. While I don't think it was under what they were trying to sell to Sempra, Sempra who as anyone can see had some MASSIVE shakeups this year. Shakeups which I believe lead to our parting of ways with them. The metals unit is still part of RBS, but only barely. Scotland got hit almost as hard as the US so I'm glad RBS isn't out of business entirely tbh.

Now that explains before the upgrades. After the upgrades however they said their not happy with the % coming out of the ore with the upgrades. Fine, np, if they have the funds to keep going (they might, we don't know if their BROKE, FINE or FLUSH with cash) and before everyone gets up in arms about that we do NOT know what south worth (I probably butchered his name) has brought to the table contact wise. So we could waste time debating that single point (more) or we could move on.

Moving on....

He might have the engineers around the mill this week, as well as building the tailings pond and fixing whatever he can now that it's down anyway.

Again, put yourself in their shoes. You've just taken over the company, you can shut it down for a good month and get almost everything fixed as well as tell people with a PR that it's down. OR do you jackhammer it up and down so often that it's all over the place and makes the new leadership look like they have no idea what their doing.

Personally I'd take the mill down, get everyone I could get in there in there. Temp fire my employees (letting the ones I know I want back know their really coming back) and fix everything possible.

It's just like taking a loss in a year on a major company, you don't extend it out and take some profits and some losses each year. You take all the losses at once and make it look as bad as possible. Then you look like a rock star when that quarter or year ends and it's just up and away from there.

Metals are showing a sustained upward trend, it's actually a prudent move atm to take the mill down since almost every day it's down ALL the minerals we produce creep higher and higher.

That's almost showing forward thought and good business sense. I may only have run small companies in my time but if *I* can figure this out I'm sure as h*ll they not only know it but have 20+ other things they can apply to it to make it 10x better then my little scenario.

Again, this is my thought process and general feel, NOT Due Diligence for anyone to invest upon. But I hope that answers that question a bit better.

-Ban