RE: That a boy....keep at it.
Our long lost leader finally decides to speak up with a news release. I wonder how long it will be before we hear from him again?
“The net proceeds from the offering are intended to be used to finance phase one reconnaissance drilling activities at the company's Pirquitas properties in the province of Jujuy, Argentina, and for general working capital purposes”
Phase one reconnaissance drilling? Just how many phases (excuses) is this company going to use before they actually get a decent sized drill program together? Another way to read the above paragraph might be:
Very little drilling, if any will take place in the forseeable future. We may do a little prospecting and ground work once we get our coveralls back from the cleaners sometime over the next year. First and foremost, management must be paid off all accrued expenses owing. Of course, a very well deserved all expense paid vacation in the sun will be granted to all management and office staff for the hard work they have put in to raise the last 46,500 dollars. In the meantime, a big group hug is in order! After that, if there is any pocket $ change $ left over, it will most definitely be put towards a drill program in either phase's 2-3-4-5-or 6 somewhere out in the future.
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