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Bullboard - Stock Discussion Forum Mega Precious Metals Inc MPRXF

GREY:MPRXF - Post Discussion

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Post by Dano6 on Feb 22, 2012 12:08pm

Headways

By design, I believe they kept delaying Headway in order to slowly accumulate ounces in the other project, and by doing so are protecting them self against a negative outcome at Headways and a complete collapse of the share price. They are kepping most of us on board with the dream that Headways will hit. It is call MANIPULATION and nothing else.
Comment by threepalms on Feb 22, 2012 12:19pm
Headway delays I cannot see as being a planned effort. LC left the country and thus the final delay at the Headway. Can't avoid getting that hole completed now. Only a few months left on their option. Some of us have a theory on what is coming in the coming months and if we are correct we shareholders in Mega and KBG will be happy campers. As for me I am just sitting back and waiting the ...more  
Comment by ramblersrest on Feb 22, 2012 12:36pm
I agree Dano but they are not manipulating . They had to act to replace the driller who went south . They acted . Got a new driller and also had some drilling at Madsen that needed done during freeze up . Prudent thing is to do the Madsen work now . They have been trying to get a complete hole @ Headway done since 2009 therefore a 3 month delay is nothing in the overall scheme . Moving the Madsen ...more  
Comment by threepalms on Feb 22, 2012 12:44pm
Another factor might be the following. Gold producers are making a fortune these days and their cash positions continue to grow and acquisitions are being considered as they fight for position in the effort to replace resources. Mega must be on the radar of some of these companies. We have nearly 5 million ozs now MI and Inferred and the potentially much more as drilling continues. If Headway hits ...more  
Comment by mpsl45 on Feb 22, 2012 12:59pm
D6, you hit the nail on the head. MGP could have moved a rig on Hole #3 this month if they wanted to. However, I don't mind management protecting the share price in the event Headway is a bust.
Comment by tootall123 on Feb 22, 2012 1:04pm
This post has been removed in accordance with Community Policy
Comment by rrodda on Feb 22, 2012 1:34pm
         IS MANAGEMENT SO INEPT THEY CAN NOT COME UP WITH A DRILL FOR HEADWAY ?              I DOUBT IT. I WALKED WHEN   LAYNE CHRISTENSEN THE DRILLERS WALKED, OR WERE INDUCED.                     ...more  
Comment by itstrue11 on Feb 22, 2012 2:09pm
  Dano I think you got a point on Headway since it looks like they always find a convenient excuse to delay Headway, about 2 years yet). Maybe it is just distraction to keep the fire going. It would be very interesting what the experts really know about Headway from all the drilling being done. IMO if it would supply them with the "expected" results most of the financial issues ...more