I have no concerns. I understand what a reclassification of flow through financing is. It means the expenses were not written off by the flow through investors but instead became a company expense.
I don't know exactly why but certainly could find out if I wanted. Perhaps the Flow through investor is an insider who expected to have significant income to use the flow through against but due to delays that income didn't materialize so the deduction was more beneficial to the company?
Either you trust Scott or you don't. I am not thrilled with how long this has taken but I do know within his style Scott is still diligently working towards financing and remains optimistic.
As far as I know Scott is not taking income although its possible he is, once again not a huge concern. I am confident although not certain he has invested further in shares last fall.
People want to show Scott to be untrustworthy and incompetent to support their agenda, there is little evidence of this and while I fully agree with them that the issues such as audits and uplistings and spinout not happening should be addressed and explained. However, that isn't Scott's style but hardly paints him a a cheat, liar or what have you.
IMHO Scott knows what the company wholly owns. (the Kenya property is a 21 year lease) and eventually it will be in demand and the right deal secured and a lot of money will be made. Whether that happens this year or in five doesn't matter much as long as its the "fair" deal to the ownership. Certainly waiting five more years wouldn't make me happy but the projects upside in immense and that is probably the right thing to do, protect the upside.
If folks don't want to wait they don't have to. Those who post here constantly under the guise of providing a more credible explanation than the "permabulls" yet don't have a position are defying logic. Who has the time and the interest to bash with as a public service for years without a true agenda? Especially with the nonsense and speculation they lay out as reality.
Yes Scott is far from perfect, and should be much more transparent and clear but he isn't and that is unlikely to change.
If he gets the money all will be forgiven and if not people will continue to paint him as a failure and fraud. Ask yourself if he is a failure and fraud how come with the stock price hitting 52 week lows and looking to go lower is there only trivial volume?Why aren't the insiders and those close not selling in mass?
The reason they trust Scott and are willing to wait as long as it takes.
Taking a multibillion exploration project to a mine is a HIGH risk proposition that is why it also has high reward potential. If it was easy everyone would be doing it.
News 
Market Data 
Discover 
