RE: RE: Public Heel.....OK Heel- I’ll take those one at a time:
If you'll bother to read my posts, I think you will see that I have not been inconsistent.
Agreed and I said as much. But consistently negative and naïve at times.
The license for the Gold Standard property came as part of the purchase. You and I and everyone else assumed that Ruby already had that license. If that were not the case, if more than a couple of people had been surprised, then the stock price would have jumped far more than it did.
The license and equipment and camp were the package, yes. I have NO complaints about the progress of the stock performance to-date. If you do, then your expectations are imo, way out of bounds for a relatively obscure, unknown to the world otc.bb junior. I believe actual production and revenue will change the market view, in addition to a move to the Amex- which is also ‘expected’ What you fail to recognize and appreciate is their strategy in going after the Gold Standard property. The whole package PLUS the REGIONAL ESIA- which as I’ve repeatedly noted here eases the path to additional licenses.
What I've been waiting for - and complaining about - is the license for Mkuvia. You do understand the difference between Mkuvia and Gold Standard, I hope? Mkuvia was the original property. Mkuvia was what the RBYC speculation was built on. Mkuvia was where the sampling was done.
THE chief complaint of the original DLKM shareholders- of which I am one. You think the adjacent GStd property-also owned by Mkuvia Maita- is devoid of gold? You think B Moriarty mined in empty sands and didn’t do any sampling? How did HE get a license??? You think Rob Slavik bought something for us that isn’t ‘shovel ready’ – haha. Your comparative property complaint has no merit. Only the Douglas Lake connection- which I do understand but am not jaded by. All that said, you either trust Rob & Co to continue execution of his strategy or you don’t. Your constant kvetching tells me you don’t. Yet the same camp continues to rally for Harp Sangha? Talk about cognitive dissonance.
What's Gold Standard? It's an adjacent property that Mkuvia got for a song. Why? Why would an experienced operator, who knows far more than you or I, who had machinery on site, had obtained a license, had started work there, sell out so cheaply? Maybe he was wrong to do so. I hope he was. But to assume that he was, to bet a lot of money on that, is simply foolish......
Great questions. Maybe he was out of cash? Maybe his equipment wasn’t properly tuned to recover the fine flake? Maybe? Maybe Rob Slavik knows more than one who is more of a self-aggrandized promoter. Maybe?
So I come back to Mkuvia's license. For a couple of years now it has been "any time now". Sorry, but I've seen that kind of thing before, from Peru to Romania, and it's a red flag the size of handball court.
I’m willing to wager a king’s ransom that we’ll have the Mkuvia license within 3-6 months max.Will that change your outlook? I’m willing to wager you’ll find something new to biatch about. lol
If Mkuvia (and adjacent properties) are anything like what we hope they are, they are enormously rich, a mini-Witwatersrand, if you will. Why on Earth would Tanzania allow a handful of North American operators to just waltz in and cart away all that gold? Why would Tanzania allow those North Americans any more than just enough to keep them working? Third World countries all over the world have mastered the art of squeezing the golden goose just hard enough to avoid killing it. The putative terms under which Ruby would be mining are just way too generous. Will the Tanzanians wake up and make Ruby pay through official channels (royalties and taxes), or will they want their money under the table? If the latter, then any major gold miner, and any number of amoral and unscrupulous Chinese, have a huge advantage over Ruby
To this I can only ask, with that perspective, why would you even invest in any company in Africa or elsewhere? Investing involves risk-period. If the risk/reward is also imbalanced, prudence dictates avoidance. Prudence and vigilance are good. As well as ingratiating oneself and one’s company wherein one is a ‘guest’. Do you trust that Rob Slavik has done so in TZ thereby mitigating the risk to us shareholders? If you do not, then you’re either unaware, or are again holding widely unrealistic expectations, all things considered. Hope my response enhances your perspective Heel. Peace out.