InvestorsHub Logo
icon url

dupedbysteve

05/03/11 1:55 PM

#55313 RE: sagan #55311

Thank you for confirming my truthieness. No doubt though imo the frantic return was immediately a response to remove himself from being questioned by the stockholder owners about the lack of numbers and failure of management decisions on initial dredges locations and subsequent moves away from unprofitable dredging areas..
icon url

small time investor

05/03/11 6:13 PM

#55349 RE: sagan #55311

I called John. Here are some things I noted: (Please forgive any redundancy.) 1.) Doug is expected to return the second week of May. He will have extraction data with him. 2.) We have the 100 TPH and two other dredges moving gravel within 100 yds of one another in Zimi. Initial results are promising. Ron is "excited about another area". 3.) A PhD in forestry is advising management on reforestation & afforestation for the CC project. 4.) $25 million in non-dilutive financing is being pursued to among other things bring 100K acres under cultivation. All rice can be sold in country. Breweries will take all sorghum produced. 5.) Some concentrate has been stockpiled to wash during the rainy season. We are concentrating on processing gravel now. The great amt. of overburden encountered means we are working a catch basin for gold & diamonds. We have found a few 3-4 carat size diamonds already. Zimi is known for colored stones. Stateside John has seen a cut & polished 1ct canary yellow diamond selling for $16K. 6.) We plan to continue dredging until mid July. We will also wash stockpiled gravel during the rainy season.7.) Doug sprained his ankle getting in or out of a dugout canoe. He had a bit of a limp for awhile but is OK now. We have two cars in our vehicle fleet that make runs to get diesel fuel & supplies. 8.) We chatted about the baja diesel fuel filter used by cruising sailors to keep contamination & water out of their fuel tanks. He is researching that. 9.) You can verify all this by calling John.