Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by jca2010on Aug 06, 2008 1:14pm
108 Views
Post# 15362258

RE: BINGO...

RE: BINGO...Des, please be real here. The signature means nothing.

Read clause II.b.i. There it says:
"The Joint Venture Agreement will take effect and be registered with the Ministry of Energy and Minerals, ONLY after The First Party (Mr. Mkuvia Maita) has received by wire transfer the sum of United States Dollars One Million [USD 1,000,000]."

If DLKM don't pay, Maita don't play. Simple.

Also, in a later post you talk about the 3% Net Smelter Return... this is defined precisely in the agreement (Secton I) as the net sales minus costs of transport to the smelter from the mine, including transport itself, testing, security, and insurance. This (by my reading) does NOT include costs of production like mining, utilities costs (electricity and water), salaries, etc.

All I ask is that we just keep it real here. No BS hype.

Stockarchangel has it right. The 8K wording was VERY soft. Read past DLKM 8Ks again (I just did). The wording is generally very direct, past tense, and unambiguous.

As far as I'm concerned, hopefully conservatively, DLKM has NOT paid Maita. If that's the case, TIGMR has likely NOT paid DLKM yet. Once BOTH of those transactions are concluded there will be catalyst enough to move this stock -ligitimately-, without the fluff that's moved it in the past few months.
<< Previous
Bullboard Posts
Next >>