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Decade Resources Ltd V.DEC

Alternate Symbol(s):  DECXF

Decade Resources Ltd. is a Canada-based mineral exploration company actively seeking opportunities in the resource sector. Its principal business activity is the acquisition, exploration and evaluation of mineral properties located in the Province of British Columbia, Canada. The Company has a 65% interest in the Red Cliff property in north-western British Columbia. It has 100 % interest in the Goat, Grassy, Premier East and Terrace area properties. Its projects include Red Cliff, Lord Nelson, Goat/Surprise Creek, Treasure Mountain, Terrace Property, and Del Norte Property. The Lord Nelson property is located 34 kilometers east of Stewart, British Columbia and is comprised of approximately 2630 hectares in six separate claims. The Terrace Properties are composed of three main claim blocks, namely Terrace Gold-Dardanelle-Treasure Mountain group of claims located about 10 to 35 air kilometers east of Terrace, British Columbia, on the side of the Zymoetz (Copper) River valley.


TSXV:DEC - Post by User

Bullboard Posts
Post by flyingnunon Nov 20, 2009 2:44pm
620 Views
Post# 16508943

Things don't add up here...

Things don't add up here... I usually laugh at "conspiracy theories" however how could Andy and Ed who both have a huge financial stake in the success of this Company make such a mess of things. These guys have been in this game for many years.....they are not new at this....,Late with reporting assays, continued drilling way off trend etc..... Either they are extremely incompetent or there are other things at play here.....one thing for sure there has been much less whining here from the discontented MTB holders here about the extra 20%....perhaps they now feel based on the current circumstances that the deal for the extra 20% makes sense......guess we will know after the vote. The other point is that I believe after the initial good drill results (Holes 1-6) the company wanted to follow the trend North but the roads to do so don't exist and they are in the process of getting environmental permits etc to extend the road and gain access to drill for continuity as the 100% Silver Crown area is only about another 100 metres away. Despite the problems the gold from holes 1- 6 and 9 - 11 has not vanished and this is still very early days. Based on the current share price, low float and market cap. I plan on continuing to accumulate over the winter but I consider myself an investor and not into the day trade thing.
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