Replies to post #478 on Firma Holdings Corp. (FRMA)

[stock_peeker]

Sam Dan, yes, you've got it right. I've definitely lost faith in the management of TARM/TRGD for many reasons.

Regardless of the timetable originally mentioned in the LOI (not an agreement, just an LOI, thus nonbinding) for TARM to pay a share of TARM for each 2 shares of TRGD, it has still not happened. However, the price of TARM has come down a lot since the original LOI.

I've held TRGD for a very long time, and they've definitely had problems making my dream$ come true.

Who is your source for anything that may be "in the works"? Is David Barefoot still the guy to ask? I've been unable to get him to call me back.

I honestly hope you are right, that TARM will buy TRGD shares and TARM will sign operational partner for the mill (since they could not make things go smoothly at their own facility).

Without a doubt, all things always take longer than promised by TARM/TRGD.

Regards,
'peeker

[kzetmeir]

Couldn't agree more!

TARM is retrenching back into a JV modus operandi.

And that's a very good thing, IMO. We've found out doing physical operations isn't our forte. That doesn't mean the resource or the Don Ramon mill we built has gone away. It just means someone else with more production expertise needs to be the operator.

Our Management seems to be very good at ferreting out good prospective projects and acquiring them. Not an easy task in Mexico given many of these have been held in families for multiple decades.

I think we're going to see several announcements on JVs on our current properties and more announcements on new acquisitions with the focus on finding JVs for those new properties.