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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is focused on exploring its 100%-owned, 19,455 ha Scadding-Powerline-Jovan (SPJ) Project located 20 kilometers (km) southeast of the prolific Sudbury Mining Camp in Northern Ontario. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties. Scadding Mine, as well as additional mineral claims that surround the Scadding Mine site, which is located in Scadding Township near the Wanapitei-Ashigami Lakes district, east of Sudbury, Ontario. Its Hembruff Copper property consists of 30 mining claims over 6.64 square kilometers.


TSXV:BMK - Post by User

Comment by patreidon Nov 09, 2014 9:06pm
268 Views
Post# 23112144

RE:RE:I Called MacDonald Mines Monday

RE:RE:I Called MacDonald Mines MondayDuring the recent conversation I did not ask about financing the next round of drilling, nor was it offered during the discussion. That being said, during previous conversations I was told that there is sufficient funds for the next round. It was also noted in the previous conversation that they are watching their money. You may recall that it cost about $1000.00 in fees to make a press release, and they even make them sparingly because of the cost. My guess is they are watching their money closely. I would not suspect that we are rich in cash, but hopefully the company that owns about 17% of the shares cares enough and helps drilling proceed. More shares being issues would not please me, nor would a one for ten. My experience with that has been bad. I hold a lot of PPI (Passport) They did this and I lost an enormous amount of money on paper. Makes me sick to my stomach. Whenever you have a 5 cent stock and they give you one for ten; the stock never stays near 50 cents; in fact it tumbles quickly. Passport is my recent example. I still have faith that we have great property, but politics, and native wishes have brought this to a crawl. Natives hired lawyers, as they should, but lawyers make money dragging things along. There is no money for the natives unless we mine, and lawyers will never say that while they are billing by the hour.
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