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Bullboard - Stock Discussion Forum Douglas Lake Minerals Inc DLKM

GREY:DLKM - Post Discussion

Douglas Lake Minerals Inc > why moriarty sell?
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Post by jonggua on Jan 13, 2011 3:50pm

why moriarty sell?

i think it can be boiled down to his need for more money to get it going big, and not enough mgmt, or not enough willingness on his part to see it thru to enough mgmt. keep in mind this is tz, a 19-22 hr flight from north america, with another 19 hours from des to the mining camp. You either have to get big with lotsa $ and eventually hire away your mgmt headaches or stay small and have all the headaches to yourself. Along the way you have to have enough $ too.

moriarty took it as far as either his money or his desire to run a real company could take him, maybe both

this is all imho

we are talking seriously in the boondocks here

slavik and toby at least are running themselves into the ground here trying to get things up and running in a sustainable  way, but the amount of work on the front end of any startup is exhausting and mind boggling.
I take moriarty just being there and getting it this far a huge endorsement of the project, not the reverse.

another future thought, i presume we now have going forward our first newsletter writer on board with rbyc with 321 gold!
Comment by JJ40 on Jan 13, 2011 4:18pm
I've posted some questions on Ruby's board but I wonder what the future of the Mkuvia agreement with DLKM/RBYC holds.  It seems that mining resources/equipment are somewhat limited as they are.  If they move their camp the 20 km and get production going on the new project then it would seem that they are not anticipating anything happening on the original parcel for some time ...more  
Comment by JJ40 on Jan 13, 2011 4:21pm
Stockarachangel already hit these points in his post.  I rushed through it this morning and forgot as I posted my thoughts.  Sorry to be redundant.JJ
Comment by Yukon_Cornelius on Jan 13, 2011 7:38pm
Hey guys- I won't speculate on some of those questions but I would like to address the one fear stockarch raised about the new property taking priority over the original Mkuvia DLKM JV piece. First off, I don't think Rob Slavik has a vindictive bone in his body. However he will do what makes the most business sense for Ruby and its stakeholders. So if that means proving out the value on ...more  
Comment by tanzdevil on Jan 13, 2011 8:54pm
Folks,If you really want to find out the structure of DLKM and where it is going, try googling IPP Gold.
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