RE:RE:Throwing this out there billybonk wrote: It does say in the monthly report about farm out financing of the shining tree gold. It also say's that progress is being made on the cannabis shopping mall and resource online. Due diligence is still going on with Glas Huis. It looks as though the main focus is on mj, hence the recent staff appointments. They appear to be reviewing other mj aquisitions as well It also appears they wan't to make money off their gold property(IAMGold proximity) was mentioned which is good. I don't read anything about joining forces with another company in gold exploration. The thing with a monthy report is that it is only a general narrative report about the happenings inside this company. This report has to be factual and not exagerated in any way. They can't give too much detail, and emailing them for more info not in a monthly report would fall into the category of individual disclosure. So we have to take them at their word in these reports and wait for a press release for a cob or any other big news. Glas Huis is in Oregon so I don't think the US government shut down would help to speed up the process. I read Glas Huis was in the process of a tier 1 licence or something like that I believe, correct me if I'm wrong, that could take time too. So any government red tape would add a delay imo. Even though Glas Huis goes back to last spring these things take time. You just can't cross the border from Canada to the US with a bunch of cash to buy a marijuana company in Oregon. It's far more complicated than that. Setting up financing, banking etc can't be done in the tradional way in the US since mj is a schedule 1 drug in the same category as heroin. You just can't walk into the Bank of America and say I need a bank account, I'm a Canadian investors and by the way I grow pot. It's speculation like any other mj company, we're only 3 months into recreational in Canada and the US is still federally illegal. I have confidence in the recent team platinex has assembled in the mj arena to deal with the obstacles involved in such a venture. This is a long term prospect, the real big money will be made when the US removes cannabis from a schedule 1 drug and recocognizes the medical and recreational benefits of it. It's coming...it just takes time.
well said Billy. I'm sure the hoops needed to jump through are extensive. I didn't realize Walter Henry was involved in so many mining companies... I'm sure this would help out with the ability to find some out to farm out or "team up" as long play stated. Here's his bio information from linked in
Walter Henry, currently President and CEO of Frontline Gold Corporation. Was previously the President and CEO of Satori Resources Inc., holds a BA in Political Science/Economics, and brings several years of financial and mining industry experience. He has worked for CIBC, BNP Paribas, Dresdner Kleinwort Benson, and PriceWaterhouseCoopers in his earlier career, where he managed portfolios and arranged structured financial products for a number of different projects, solely or within groups, totaling over $2 billion. Moved into the mining industry, as Vice President, Finance and Chief Financial Officer of Royal Nickel Corporation and, separately, Tiberon Minerals, during which time he secured more than $600 million in equity and structured debt transactions. He holds various Chairman, Audit Chairman and Director roles, in the following companies: Alexandria Minerals Corporation, Alturas Minerals Corp., Merrex Gold Corp, Platinex Inc and Riverside Resources. Completed the requirements of CFA program and Institute of Corporate Directors - Director Education Program.