RE:OK, here is my Kip Kean rebuttal. My words are in caps.jimrockford wrote: Kip Keen wrote.....
2. Short on details. Equitas highlights cash flow, and placer production at Cajueiro, the project in the Amazon rainforest it proposes to acquire. But it does not detail, at all, how much cash flow is coming from placer mining. It simply describes production, reported as starting in 2015, as modest.
Jim Rockford wrote.....
- IS KIP KEAN SUCH A ROOKIE THAT HE DOESN'T KNOW THAT IIROC WOULD NEVER LET THEM PUT OUT FUTURE CASH FLOW IN A NR?...THIS GUY IS SO FAR OFF BASE IT'S RIDICULOUS.
Mr. Rockford, do you actually misquote everyone? Mr. Keen never made reference to "future" cash flow! Only you did! Mr. Keen was looking for details on the cashflow that EQT stated in their press release as having already been generated. And no regulator will hinder that flow of information if said cashflow can be proven.......such as financial statements on the part of Alta Floresta Mineracao.
Regulators never stopped EQT from releasing current or past cash flow figures......EQT did. Why? Because I highly suspect they want the market to think the cash flow figures are higher than they really are.......as in a very small scale operation.
And just so there is no confusion.......of course no one can diseminate future cash flows figures on a project, without it first having been economically proben by way of a feasibility study. But that was not Mr. Keen's point at all.
Geez!