News Focus
News Focus
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Superfly15

12/17/10 11:48 PM

#69587 RE: ChuckD-MSB #69586

The ESHC is involved on a near constant basis in negotiations with parties in interest in this bankruptcy to attempt to further our goals.




As stated in a previous update, as a result of its execution of a non-disclosure agreement with the debtors, the ESHC has accumulated significant, and very sensitive, data related to, among other things, the debtors' geology, mineralogy, mining, milling, marketing and financial operations. Experts have been employed in each of these areas, and the experts are researching the data. Furthermore, these experts are conducting their own independent testing and research. This process has been, and continues to be, very involved and very time consuming. The objective of this process--all this data collecting and research--is to produce a preliminary feasibility study, and ultimately, a definitive feasibility study that will aid the ESHC in obtaining funding commitments.




I hope people understand just how significant the red sections are...it displays that the EC is not just an entity but one that is working WITH the debtor on a daily basis to maximize the value of the estate. Alot of equity committees are viewed as a hindrance to the debtor, but it looks like this EC is really doing its part to help move the situation along.

Good update Chuck, keep up the good work..cant wait to hear more from you guys in the future.
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CopperKen

12/18/10 12:19 AM

#69588 RE: ChuckD-MSB #69586

Chuck, thanks for the update. I know some stockholders are itching to hear a time-line or some hint of how long we need to hold out before some substantial news that greatly raises the PPS. I understand that you have told us what you can at this time and will just tack a few more months onto my planning. Still, the idea of another PR this month is intriguing.
We have already received some good hard facts from court documents and see some of the progress to which you allude. Maybe we will see even more progress before years end?
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paidmyway

12/18/10 1:43 AM

#69589 RE: ChuckD-MSB #69586

Sounds good to me Chuck...we are aware of the legal restrictions that are in place regarding the release of sensitive information and most certainly appreciate all that you have been able to provide for us at this time....it is not often that an EC works as hard as you fellows do to keep us in the loop....I can only say that you people are doing a great job and when we get back in production,it will be because of the hard work that the EC has put forth.....thanks a bunch...

Paid
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webtime

12/18/10 1:45 AM

#69590 RE: ChuckD-MSB #69586

ok, I get home turn on the computer to see whats been happening and get this update..................are you KIDDING ME!!!!!!!!!!
This has got to be the single worst update I've seen since reading all of MD's lies!!!!!!!!!!(or PR's)
This so called update was a complete waste of time as it said NOTHING.....hold on....let me say it again.....NOTHING, that hasn't already been said or is known by all.
Seems as though this was written as a cheerleaders update and nothing more.......really......what did we get out of this update?
NOTHING!!!!!!!!!
WAIT........earlier in the week what did I say this update was going to say.............thats right..............a bunch of blah, blah blah......NOTHING!!!!!!!!
I knocked another one out of the park.
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Panson

12/18/10 3:53 AM

#69593 RE: ChuckD-MSB #69586

If this paragraph doesn't put a smile on your face, then nothing will.


To maximize the interests of equity, the ESHC's ultimate goal is to get the mine and the mill into operation. The ESHC is aware of some parties who believe that this ultimate goal is not achievable or appropriate because there are so many perceived obstacles involved in operating the Milford project. While a lot of information is still yet to be discovered, at this point, the ESHC does NOT agree with that assessment in light of the information that it has collected from its experts.



Bingo, I'm happy. This is a milestone declaration blessed by an attorney.!!! We are rounding first base and heading for 2nd.

Chuck, a question if you can answer.
For the ESHC's assessment above, from which categories was the research mainly from, geology, mineralogy, mining, milling, marketing or financial operations?

Also, was the key info for the ESHC's assessment mainly from the Debtors expert's data or from our own independent testing and research?

Can you expand on this? Not probing or anything, well, I guess I am.
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The Good Doctor

12/18/10 5:37 AM

#69595 RE: ChuckD-MSB #69586

Thanks ESHC and Chuck,,and have a Merry Christmas..TGD
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richard.w

12/18/10 2:59 PM

#69603 RE: ChuckD-MSB #69586

A beautiful sight! Thanks so much to all of the committee members working so hard on our behalf!!

...the confidence of the ESHC is building everyday.



I can't wait to see the obvious shorters end up in the red on this one.


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SATELLITE

12/18/10 11:08 PM

#69604 RE: ChuckD-MSB #69586

Thank You ChuckD and ALL Helping to keep use Shareholders together.

Thanks agian for all involved.

GLTA Longs