RE:RE:UOENO I understand you're unhappy because you probably bought this stock at some of its highs years ago, but don't ruin it for new investors who have a different mindset about this company. I take this trade as an opportunity at this stock's all time lows under .10.
Many of these early exploration companies fail at the start and it takes a few years before they can get their feet off the ground and implement the right management to help them accomplish their prospects. They have started to take steps forward and this recent article on Nov. 24 proves they are serious with hiring a director with a successful track record.
"MX Gold Corp. is pleased to announce the Magistral Joint Venture's appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico (the "Magistral Project"). The Magistral Project is operated by MX Gold and its joint venture partner, GracePoint Mining Corp. (together, the "JV"). Under the terms of Mr. Weston's engagement, and subject to approval by the TSX Venture Exchange, MX Gold has undertaken to issue 350,000 common shares of MX Gold to Mr. Weston, as security for payment of Mr. Weston's salary from the JV."
Kevin Weston. This name stands out to me. Who is he?
Kevin Weston has been the COO of multiple successful mining companies including Farallon Mining which sold for $409 million and most recently JDS Silver which sold for $250 million.
Why would he be helping MXL?
"Mr. Weston speaks excellent Spanish and has previous experience as a Senior Operator in Mexico with Farallon Mining." from the MXL article.
His track record speaks for itself. He obviously sees potential in this mine if he chose to come on board for the project. Why else would he come here? He's already made fortunes off of his previous company tenures but it looks like he's back to work and wants to get another junior company off up the floor. He's working in the country
"Kevin holds a Bachelor's Degree, Mining Engineering, from Mc Gill University, and has an extensive 30 year background in developing and operating mining projects, more recently as a trouble-shooter in turning around challenging operations to achieve target objectives." from St. Eugine Mining article appointing him of President & Director (turned around company to get acquired by Claude Resources who eventually got bought for $337 million)
This was an excerpt from Mr. Weston's appointing to COO in 2010 for Fallaron Mining. Take a look at his track record prior to becoming a part of the two massive mining co's above.
"Kevin Weston was most recently Vice President of Operations for Capstone Mining. He successfully led the Sherwood Copper team that brought the Minto mine up to initial design capacity of 1,800 tpd and then successful expansion to 3,600 tpd with minimal capital and no Loss Time Accidents. More recently, Kevin was instrumental in leading the Kutcho Creek Property acquisition and coordinating development planning initiatives concurrent with his ongoing operating duties. Before working for Sherwood Copper (now Capstone Mining) he was Vice President & General Manager with Breakwater Resources, responsible for the Myra Falls base metal mine in British Columbia. Prior to that, Kevin's experience included extensive experience in various mining operations in Canada and abroad, in both open pit and underground settings. Kevin is a Mining engineer with over 25 years of experience and has a degree in Mining Engineering from McGill University. Kevin will bring his extensive operational experience to bear, first on the current operation at the G-9 mine and secondly on new operating opportunities, as Farallon seeks to develop a portfolio of operating mines, in addition to its current G-9 mine. The Company intends to reach this objective either by additional Greenfield developments at the Campo Morado site or by accretive acquisitions of operating mines." Ok and the most recent press release, have a look for yourself. https://www.theglobeandmail.com/investing/markets/stocks/MXL-X/pressreleases/201688/ Goodnight, Cap