RE:RE:RE:The boys are lovin itI didn't read your post as derogatory. I would have felt a bit ripped off had they managed to shovel themselves a bunch of options when it was down at .05 a month or so ago and drilling was well underway. As it is now, most or all of the relevant information seems to be out on the table at the moment and the market has had a chance to speak to it, so this is fair enough. Of course, the timing indicates that management believes that the results will continue to be good and they will make some money on their options but if the market has sufficient information to evaluate the company at this point, then options are fine.
I don't see the break down of recipients of the option granting. At the moment, I don't know what any of them actually do to deserve any options except Greg. IMG is running the show and calling all the shots. I think Greg has scored a big winner by lining up the Karita permit and that little move alone may well prove to be worth a lot of money to shareholders. Hat's off to Greg for jumping onto that one. So when I see a smart move like that, it should be rewarded in the best way the company can, which at the moment is what may prove to be cheap options.
Yeah, I've been hanging around this one for quite awhile.....far longer than I had ever expected or wanted to. I feel Greg is a great "finder" so that is where my fundamental confidence in this project lies, moreso than the confidence that comes from IMG's participation which is helpful but they aren't known to always make brilliant management decisions. This time, IMG seems to have their eye on the ball in Boto, so Diakha has now become a very valuable piece of that puzzle and the game really has changed for MXI. If not for Boto, Diakha may never have had any focus but now it's looking like it could become a very important part of a Boto mining operation and Karita could figure into it as well. It's an entirely new outlook for MXI and we still don't have the results of the scouting operations going on elsewhere on other parts of the contiguous properties.
The company is now headed into a lull period of the rainy season of no drilling. I don't know if they have been stopped yet but if not, there should be a lot of holes already completed on the extended drilling program in Diakha which might set the company up for the next leg up to .25-.35 when those results come in if the market decides to wait for that confirmation. As it is now, the results so far are much better that Robex's mine in the south, and it appears better than Boto. A third batch of good results will remove all doubts about the high value of Diakha.