Replies to post #1886 on Trio Resources Inc (TRII)

[DragonBear]

JR is making bad decisions and bad deals here at TRII which erodes my confidence in his other company.

Duncan's primary criteria for making decisions is what kind of PR can he generate off of it to sell his stock to the market.

I wonder if a harsh Canadian winter will have any negative impact on operations? Unless Jeff has access to water that does not freeze investors will be waiting til next April before processing of the low grade "assets" begins.

He already has all of that covered. First he cancels the UC contract. So much for monthly deliveries. Then he announces he is going to sell some undisclosed make model milling (enrichment centrifuge?) to the company from his leftover private company assets conveniently left out when he sold Canamet to TRII. Where the price the company is buying it for is also undisclosed. Along with the cost to have it refurbished. Then he states some outside contractor will try to figure out how to get it up and running in December. Then the new smelting contracts to be signed in the first two quarters of 2014. Presto - no more winter to worry about. Also don't have to report production numbers from the winter, since there won't be any. Just bleed red, and sell stock to cover your salary.

A huge unanswered question is: Why the need for this equipment all of a sudden? You don't need to enrich past the 38-40 oz/ton he claims is just laying around on the ground. Smelters would be happy to smelt material in the mid 20s. And why after shipping a measly 156 tons in the first month to UC, it all stopped? Maybe UC seeing material in the teens per ounce instead of the 38-40 oz/ton as Duncan had told them, made it clear to him, that the charge to smelt was being raised? Did Duncan ever state the ave oz/ton for that shipment in his PRs, 10Q? No. It doesn't make any sense for him to add enrichment equipment into the milling process, if the material is 38-40 oz/ton does it? It makes a lot of sense to do so if the material just laying around on the ground needs enrichment. In fact one would need to have that process up first, with resulting enriched material, before approaching any new smelters. Also if one does a little research you will find that 100 tons per day is on the very low end of the enrichment production scale. Then again you don't need higher processing when you don't have enough material to process.