Ing's comments...I have some folks here on "ignore;" for grins thought I'd log out for a quick, look see, to see what type of BS was being thrown out... Came upon someone's post of Ing's comments--figures he or she would print only PART of Ing's comments. Here's the
entirely of Ing's comments (more balanced than what the other poster selected) for those interested, garnered from this link:
https://www.safehaven.com/article/21841/gold-the-united-states-of-debt
"We have followed East Asia Minerals for some time and are frankly disappointed with the Miwah NI-43 101 report in Sumatra, Indonesia. We are also disappointed with the lack of news or timely updates. Our understanding is that 10 holes have been drilled, toward Moon River but still no word. Still to come is drilling to the north (Sipopok). It appears management was more interested in expanding the resource instead of doing the necessary work of filling in holes to complete a mineable reserve. Based on 71 holes, East Asia's NI 43-101 resource estimate was 3.1 million ounces at a grade of 0.94 grams per tonne using a 0.2 gram cut-off, in sharp contrast to the euphoric expectations of 10-15 million ounces. The resource block of 1,300 metres by 600 metres and 300 metres thickness was as expected but the halving of grade was another surprise. Higher grade intersections were not included due to lack of confirmation drilling, which was a surprise. Nonetheless, the Miwah deposit remains open to the north and at depth. East Asia announced a $10 million bought deal which should allow them to expand the Miwah deposit. However, we believe management has mismanaged everything from the drill program to shareholder communication to analyst contacts and unduly hurt local relationships. East Asia has also spun out some of its assets in a misguided move when it should be developing the Miwah deposit. Nonetheless we believe that the Miwah asset is there despite the credibility challenges. At current levels we see minimal downside but instead would concentrate on other companies in the area like Centurion Minerals."
And here's what I posted on another board, re Ing's thoughts:
"WTF? Misguided? What does he think will happen after the assets are spun out? That EAS will still spend time on them? That's just an idiotic statement.
"Spinning them out enables EAS to FOCUS on Miwah! It also gets those assets out of the mother ship so that they can be developed on their own. Last, it prevents a hostile takeover of EAS from absolutely STEALING those other prodigious assets; I have lived in fear of this possibility for the three years I've owned EAS.
"Anyone--including Ing--who doesn't see that the Barisan Gold assets (the first spin-out company) are out of this world and SHOULD be separate (for all the reasons listed above and more), just doesn't know enough, IMO.
"I respect Ing. These comments show that none of us is as smart as all of us. Even he can have incomplete information."
FWIW...