tanzania?????? rotflmfaofrom the Nov 2010 finacials:
Uranium – Tanzania
The Company executed a Letter of Intent regarding the Ruhuhu property in October 2008. In
February 2009, a definitive agreement was signed for a four-year option to earn a 90% interest
in the Ruhuhu 72 square kilometres uranium property in Tanzania, but final closing had been
deferred, pending delivery of the renewal exploration license from the Government of
Tanzania. The renewal for the exploration license was received on July 13, 2009. In
accordance with the terms of the option agreement, the Company made a cash payment of
US$35,000 on closing and is required to make a further payment of US$40,000 after one year.
The Company must complete certain exploration work on the property at a cost estimated to
be $700,000 in order to earn its' 90% interest. The optionor will be vested a 2% Net Smelter
Royalty interest (“NSR”) but there is a further option in favour of the Company to buy back
the NSR upon payment of US $1 million to the optionor. During 2009 the Company carried
out further trenching and sample testing from the trenches.
_____________
okay, so what was done in 2010 in Tanzania? Remember folks, it is now 2011. I can't find anything about work done in Tanzania in the financial statement, remember also, we are now broke ...... well.....so maybe we did spent some of the last bit of cash this year in Tanzania ... but who the __uck knows?
so..... lets check the MD&A from Nov 2010, not one word about any activity in regards to Tanznia in 2010, guess thats about all you can expect when the MD&A is just a cut and paste of old MD&A's....... did we make a 40K payment in July 2010, one year after we paid 35K?? who the __uck knows?
What were the results of the further trenching and sampling that was done in 2009?
Who the __uck knows.... it is now 2011, remember, folks, 2011
Maybe it is buried somewhere in the financials or the MD&A's or in some of the NR's in 09, there hasn't been any NR's regarding any IBI activity since Nov 09, NOT ONE IN 2010, maybe it was in that old 2009 NR or a NR I have missed ..... and these old eyes just can't see it, felchers, I need your help....
MHR, -
tankwad, dickwad, or whatever your tag is, do some real dd, not just a cut and paste from an old website that hasn't been updated for a very very long time.
But you can't can you, your part of the felcher pumpadoodledo gang, aren't you?
for you newbies who don't know where to look, all the 'important' stuff is on Sedar, see the following website:
https://sedar.com/
check up on our company, it is required reading before making any investment in this company, check out the past couple of MD&A's and see if you can find much that isn't just a cut and paste of old crap, except the numbers of cource, then get back to the board with your findings.
DO YOUR DD!!!!!