Replies to post #3593 on Delta Mining & Exploration (fka DMXC)

[Durkkdiggler]

Common sense should tell you that you have to make payments on what you borrow. When you have no income, you can't make payments...............................So, what kinda loan you think they got? A "poor quality one"

I am betting on the property, I could care less how they obtained financing. I just want the drills turning, and diamonds to the surface. I guess if I was a trader, I would be concerned about the financing, but since I am a investor...get the drill rolling! And what I have invested, with my luck.......I am very optimistic that i will loose it.

Gonna buy more this week, and I'm calling it quits on DMXP. I feel the need to turn my attention to Canadian oil sands.

So find some diamonds and make me money...


Diggler

[sortagreen]

ImakeMoney. I agree with you on your first point. The stock is hugely diluted already and if there is ever a shot at legitimacy for them there will need to be a reverse split..

But your other statement is more curious.

as in.. I also think they have a good chance of finding economically viable minerals on their properies.

Where are you getting that from? About one in 10 Kimberlite pipes contains diamonds, and only one in 100 is considered to be economically viable for mining. http://www.gannon.edu/resource/dept/enviro/EnvGeo/projects2003/kimberlite/kimberlites4.htm As far as I can tell we know next to nothing about this one??? Are there any large alluvial deposits in the area? Are there other good pipes? There are dozens of other companies further along than this and we already have some posters financing ther grandchildrens future... Given the dilution that's already built in they must be holding millions of shares. If so, good luck to 'em. I sure hope the thing goes to the moon, but let's be realistic..

I kind of agree with one other other of your statements too... the one about trading opps. The next one will come when they put some drills in the ground... after that just before the results are due.

Good luck with it.