j.oil:
I believe the next conference is at 2:30pm in Calgary on Friday, February 26. I don't know the actual place, but I'll get back to you on that. As Cyril said, it should be the first place news of the trip to Argentina will be discussed. I'm sure you're keeping in touch with the StockWatch discussion as there is news posted there daily as it comes available. I thought I would copy in the weekly summary by Lee Webb just to have it on this site.
Good to see some discussion developing here. Plata's got a great story developing.
Spinner
#3 PMT - Plata Mining Ltd (Year High/Low: 0.34/0.04)
Plata Mining was last reviewed in Forum Watch for the week ended February 5 and there have been no developments in the past week.
As he had previously indicated, goldberg provided a lengthy update which addressed a number of the concerns that had been raised by RealityCheck. Much of the information appears to have been provided by Ron McKeown of Londonderry Capital, which has an investor relations contract with Plata. According to goldberg, there are about “18,000,000 shares that Londonderry has a 'handle on'.” He adds,
“Most of these shares are owned by a series of companies in Bermuda that have, as a group provided over $6,000,000 in financing for Plata over the past two and a half years.” With respect to the proposed $2-million (U.S.) financing by Capital Resources, goldberg wrote: “Capital Resources debt can be converted to shares at whatever the share value is on April 1. This is why I picked a price of $.50 a share it may be higher and it may be lower.” He then offered the reason for Explodesa's withdrawal from the joint venture: “What can be said about Explodesa's situation at the time of their decision is this: They were in the process of laying off many longtime employees in their local mining operations in Chile. They felt that they could
not justify spending $840,000 on a new project to the rest of their employees at a time when such hardships were being suffered at home.” As for the lack of details regarding the bulk sample from the property, goldberg reported that the results were part of a larger feasibility study that had not been paid for and Plata did not yet have access to them. A number of other matters seemed to be satisfactorily resolved.
RealityCheck complimented goldberg on the update, then added: “I still have a few lingering questions but some of them may be officially addressed over the next few weeks.” Shooter, a regular contributor who had been absent from the discussion for some time, returned to voice the general consensus: “Based on Goldberg's work and dedication to finding answers, he has addressed everyone's concerns extremely
well...I am still a happy shareholder and I am in for the long term --- to production. Don't worry about the share price; I believe it will firm up.” Plata closed at 24 cents. |
