OTCPK:MEAOD - Post by User
Comment by
btrevorbon Feb 16, 2014 5:17pm
140 Views
Post# 22216081
RE:RE:Fact and fiction
RE:RE:Fact and fictionIt's actually only half that length as there is both a French and English version in the same document. Currently costs are "estimated" to be double the report estimate and Au recovery is less than 2/3 projected to occur two years ago. At this point in production it is not acceptable to be referencing forward looking statements from 3 years ago, somehow protecting you from telling the actual results. But Ron continues to selectively use these projections in NR's as if they still relate to the current operating conditions, which they clearly do not. Not to mention the Total project costs were estimated at 38.4 million, the company said in Sept. 2012 that 85 million had already been spent and has required additional monies since that date to stay in operation. None of these issues have been addressed in the Blue Sky statements issued by the company. This is the basis of my complaint. There will be no hiding the reality when the financials are released. Time will tell the tale.