RE:RE:RE:Following up on some of your comments!Years back I called a CEO.
He blew so much smoke up my a$$ he started to contradict himself.
I posted my concerns of what I was told and the next day he called me suggesting he
'would come visit me'. I posted that as well.
The company went bust.
You concluded your last post with
"Feel free to ask anymore questions. Regards. Jean-Marc"
That statement was without condition.
So I did
And
You didn't. You should really look at the stock chart. The market as well as a hand full of posters think you made a big mistake.
Remember this is people's money you are playing with.
We don't get cheap options and handouts like you.
Every dollar we put in this is worth 1 dollar to us, not 10 cetns.
Keep that in mind when your best reassurance is that you have tricks.
Let me point some thing out.
After the correction in the stock price due to the purchase the price found support.
Then the company released the tech report on Wesamac. With that the downward slide resumed.
I think it might have something to do with this.
15 MINERAL RESERVE ESTIMATE
There is no current estimate of Mineral Reserves on the Wasamac Project. 16 MINING METHODS
This section is not applicable. 17 RECOVERY METHODS
This section is not applicable 18 PROJECT INFRASTRUCTURE
This section is not applicable 19 MARKET STUDIES AND CONTRACTS
This section is not applicable 20 ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT
This section is not applicable. 20 ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT
This section is not applicable.
22 ECONOMIC ANALYSIS
This section is not applicable
Then there is the recommendations
Finally of the 12 million the company has.
5.5 million is recommended to spend on phase 1 and phase 2 of the recommendations.
Knowing that at current market conditions the ore is uneconomic. Will the company spend this 5.5 million.
If not then why was the deal made at such favourable conditions to the seller.
If so then what do you expect from Wesamac going forward.
The company has given us this but RIC published a PEA which comes after a resource report.
If you are not familiar with the RIC PEA I can post a link for you.
When the 43-101 created, it was to remove the BS used by BreX.
Not applicable was not what it was intended for!!!!!
It is said the market does not like uncertainty.
With this deal all we got was uncertainty.