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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by AU_NBon Oct 20, 2010 5:46pm
314 Views
Post# 17589741

More on Canaco and Sonora

More on Canaco and SonoraLatest from the Canaco Board re: Sonora Gold & Silver claims

Note the statement regarding DLKM. Sounds like some kind of insider posting.

"SOC hasnot had any response to their fax to the Commissioner of Mines. They areworking on their website to show the location of their claim. Theyconfirm that it would be very difficult for Can to develop a viableopen pit mine without the SOC claim just as SOC could not do muchwithout the CAN lands.. They cannot do a deal with CAN until CAN givesthem up to date drill results on the SOC claim and CAN is not willing todo that. CAN is presently not drilling from the SOC claim. CAN hassecurity on site, SOC does not but they have a geologist and techniciansthere..
The land around their claim is owned by CAN except to theeast which is owned by Douglas lake minerals who are a quasi partner ofCAN. CAN has first option to buy much of their Tanzanian lands so SOC could not use the land to the east for any mining efforts.
SOC would like to get a good piece of cashfrom CAN and a bunch of CAN stock which would be restricted to someextent. The cash will be used to explore the Negese claims and repay theItalians loan. I suggested $10,000,000 in cash and they thought thatwould be a lovely sum if they can get it. Sounds very confident butthat is not surprising as he feels that they have CAN over theproverbial barrel. Probably 90% of CAN's market cap is due to theMagambazi claim.
They are overwhelmed with calls from the media, shareholders, etc. Everybody but Nick and the Commissioner!"

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=28732125&l=0&r=0&s=CAN&t=LIST

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