Red Lake Madsen Mine Ltd V.PGM.H

RE:RE:RE:My call for PGM still sits @ .065....those who bought in @

[goldlocator]

Right now spending money on anything other than increasing gold production is a waste of money and money is a very limited resource for PGM. Any share consolidation will accomplish only one thing.....make it easier for the share price to fall. At the end of the day does it really matter if it fails and the share price 1 cent or one dollar?

If PGM fails the way Rubicon did then it is time for a complete overhaul of securities legislation. It would include a review of EVERY report that is filed. None of this review on a select basis as we have now. No one other than the regulators knows whether any report PGM filed was actually reviewed or not. And the OSC will NOT tell you which ones are reviewed. I asked that question. No more releasing a report and having 6 weeks to file it with the regulators. If investor protection really is the goal of the regulators then the only way it can work is:

file the report
regulators review the report and send it back for changes if necessary
report gets approval
report gets released.

This will be two startup mine failures in Red Lake in 7 years. The ONLY source of revenue for juniors is selling shares.  These two will only make it tougher to find buyers. If/when this one does fail then it is time to create an environment that protects investors. There will be failed exploration programs. That is a guarantee. Investing in a junior drilling its first hole is far different than investing in a company that says they have a mineable resource and all the equipment to carry out mining.