To give you a background on me, I haven't posted on this board in years, I was a big investor in DLKM for over five years and have met many of the main players in this company. I haven't read anything on this board for the past couple years. I blew my last stock out at a penny about 1.5 years ago. And I paid much, much more than what I sold it for, all bought while Sangha was running the show.
IMHO, this dog will never hunt again for the following reasons...
MENGHI IS INCOMPETENT
It is dead because Menghi is a control freak with a big, big, big, big, big, big ego. Menghi has no knowledge of how to run a mining deal or for that matter a publicly traded OTC deal. His ego is so big, that it won't allow him to listen to anyone who knows what they are doing.
He is a complete incompetent when it comes to trying to run this company. He tanked it when he took control from the original president Harp Sangha, and forced him out. In order to get the Handenit property into DLKM, Sangha had to sign an undated resignation letter. Then after Sangha raised the $10 Million in New York, he was fired by Menghi. FYI, Sangha was the guy who put the deal together and raised probably over $15 million while he was on board. He was an ex-stock broker and knew how the OTC works and how to raise money, and how to promote stock. Menghi doesn't know diddly sqwat when it comes to promoting public companies.
SCHEEPERS HAS NO EXPLORATION EXPERIENCE
To compound the problem, Scheepers doesn't know how to run an exploration project, as he has no previous "in the field" track record and has never done exploration before joining Handeni. He is better being Associate Professor of Geology at University of Stellenbosch which I believe is his main job. You know what they say about teachers...those who can do, those who can't teach.
My Menghi / Scheepers info comes from a mining professional that was closely involved with a company that has the property next door. They were even approached by Scheepers to run the exploration for Handeni, but Menghi did not want to loose control of telling them where to drill, so the deal was nixed. Yes, when they had that big budget of drilling funds that Sangha raised in New York, Menghi used to tell the professionals where to drill - and that was the main reason the drill results were so pathetic. I was told that Menghi used to stand in the exploration meetings and point on the map where he wanted the crew to drill. And this coming from a guy who's biggest business success was making ballpoint pens in Tanzania and is a third rate Coca Cola distributor.
So, investors, please don't investor in this deal. It will not go anywhere.
Handenit is dead, dead, dead.
Put your hard earned investment money somewhere else.
Bacon
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