RE: RE: RE: RE: Go FigureToby, I appreciate your work here and on your newsletter, Ihave voted with my $. I urge allof you reading this post to donate to Toby's newsletter to help him cover thecosts of producing his newsletter.
So I posed the question... What does Midex have that DLKMdoesn't? Even as a one trick pony MIDEX may be able to raise $5 million in financing to explore Magembe, whycouldn't DLKM? I like the factthat this "Russian" mining company has experience with diamonds. Is it simply a lack of history forMidex that gives them an ability that it seems that DLKM does not have... theability to raise money? Is DLKM'sreputation so bad that it cripples their ability to advance mineral propertieswith their only option to give up control? Placers are not that difficult if one pays attention tocertain aspects of the deposit.
If not exploration then what business should DLKM be inthen? What is a good businessmodel for DLKM? Laurie indicatedthat exploration is what DLKM does best.If they are handicapped in some way either by reputation or lack ofexpertise or will, why should anyone become or remain a SH? I don't get it!!! IMO shareholders are best served ifDLKM takes this dream property into production, AS PROMISED! WTF!
Companies with promising properties can raise money, i.e.Clifton Star Resources, Osisko,North American Gem, Galore Resources, Sola Resources, Azteca Gold, ATW Gold,Noront...on it goes. So what is itthat has us thinking tht DLKM cannot raise money? Dilution is much preferable to losing control of properties,IMO. What does it matter if thereare 100 million shares outstanding if there is 20+ million oz of gold to be hadat Mkuvia (an underestimation in my mind).
Dilution and maintaining control, reaping the lions share ofthe value in the ground, is far more more attractive than dealing away controland leaving the profit for some other group of shareholders to have! A placer mine is far easier to exploitthan a hard rock mine, what are they afraid of?
Gold is approaching the $1000 mark... what could be betterthan a low-cost placer property, in a country that has major gold mines i.e.experienced hands and an intense need for jobs? Where is the much touted influence with the Chinese? Did claims by a loose canon jerk reallypoison the water so bad that DLKM cannot refute the claims and regaincredibility? It had animpact to be sure but a thorough vetting by BCSC certainly puts that episode torest.
The NI 43-101 on Mkuvia certainly gives DLKM a strong handIMO, why give control away? The $5million that Midex may raise would put Mkuvia into production BIG TIME and putbadly needed money in the bank... it wouldn't even take $5 million but 1/3 ofthat amount. What happened to theclaims that Harp made that DLKM would have the property in production thissummer now ending? His remarksbrought in many new investors, is his word gold? To maintain credibility one needs to make good onpromises. Is our collective memoryso lacking? One has only the wordof DLKM principals to base investment choices on, if they waffle or speak outof both sides of their mouth, what kind of confidence can one maintain?
MY opinion only, DYODD.