RE: RE: Donna Property vs Uranium plays I can sympathize/empathize with woodsman, regarding lack of news and (seeming?) lack of concern for ESO share holders by ESO management..........or more correctly stated lack of management direction. Obviously at this point there is nothing to give a NR about. After 4.5 years, I see your side of the issue very clearly!
We were all optimistically expecting the drills to be turning on the Mikwam with continued positive results and an upside for SP's.......but some of the JV's have apparently faded out of the picture at this point.......as far as I can tell. I am disappointed too, with most of the other share holders with that turn of events........but being familiar with mining and exploration companies, it is a fact that other exploration companies will try to get as much for nothing as they can......especially when they sense desperation or weakness from the other company, and above all, when there is a downturn in the economy/ market! That is just the world of venture investing! The mining buzzards are always circling.....looking for easy prey!!
In the last communication I received mgmt. stated that they were optimistic for JV's on the Mikwam, but the other companies wanted too big a piece of the pie, and if accepted, would have been even worst for the share holders.
They can still drill the Mikwam if they find the right JV fit, but they do not want to "give it away"....there is too much value for ESO there. And they stated that they are still in continued talks with interested parties re: Mikwam.
From Rob: "
If we do finalize a deal with a JV partner there is no reason why they couldn’t drill anytime of year." (for the Mikwam)
"with a significant drill program to be done on our Donna Gold property in BC."
We have planned work to commence on:
-Nevada in April
-Saskatchewan (Patterson Property: JV with FIS) in May-BC (Donna Property) in June
-When the work has been finalized or our crews are on site we will be disseminating News Releases.
So things will be happening....with some usual adjustments I suspect, but not according to our (Share holders) timetable but to the ESO laid out plan.
Lets see if we get "Nevada in April" before everyone panics and I pick up their shares at a reduced premium!
And personally for me..... ""with a significant drill program to be done on our Donna Gold property in BC."
As I see it.........................................................(Not an April fools joke).
Solver