Bonnie:
Re post 352, and a "one month later follow up".....regrettably, guess I won AGAIN! talked to Robyn on the "It's YOUR dime line" today (Currenly at .80)and the usual shareholder concern was expressed NOT!
Did anyone get news of a private placement done thru the company over the past few weeks? I didn't. Not saying it didn't come out, just that I never got it. Did anyone else? Anyway, the reason for the .80 is that 200,000 shares (along with 200, 000 warrants) were issued at .80 for a total of $150,000. for working capital, to hire staff for Mexico, and someone to run the mine. They are just coming out of the rainy season (pretty loooonnnngggg rainy season) and they have yet to hire somebody to run the mine, but they DO have the workeees in place. No supervision I guess. So at least we know that there's a bunch of paper hitting the street 1 year hence at .80 (assuming they can even get .80 for it! and the same 200000 at .90 a year later, which by then MIGHT encompass the working of a mine in Mexico, but I would't be betting the farm on it.
Kennacott is not interested in the property that so much bally hoo was made over. They recieved the geologists report, and there silver, lead and zinc, but not enuf copper for Kenny to be interested in. CVR want the property back, as they supposedly have another party intereted in a JV on it, along with their other 17 proerties. Pity the other company. Imagine having this sorry assed thing drag down the shares in your own company, that's probably performing well. "Hey, let us do a JV with you, and we can take your shares from 4.00 down to .80 too" (Sorry just couldn't resist). Don't mean to put a negative spin on this...........this is not a rant (but one could come over me without too much prodding) but they ARE the facts, and they are NOT really rosy. The hurricane in Mexico provided IR with a REAL unexpected bonus, in terms of a delay! Other than the hurricane, I havn't seen a whole bunch of cloud on the weather channel, but I havn't been in Mexico recently, to give a firsthand weather report. Come to think of it, neither has CVR! Oh well........
Man, imagine what El Nino will do for the IR! Wow......bonus from mother nature!
Interesting comment from Robyn "Look there's no stock for sale, up to 1.15 (5000 on the sell at .90)" More importantly, there's no stock being sought (500 on the bid at .80) Hell I'll put my shares in there at 3.45, but it'll be a Long time before it gets there!
So, to all of us die hards.......news is coming, and we wait. Wonder what will be here first, news or Santa? I'll bet on the reindeer thanks> To all the new PP lambs at .80..WELCOME to the slaughterhouse. The exit door appears to be WWWWWWAAAAAAAAAAAAYYYYYYYYY out there somewhere in the distace. See that little speck of light on the horizon? Run to it quick, cause it will keep getting farther and farther away. IF you can get .80 for your warrant a year from now, take the money and run.
Oh ya, and I would love nothing better that TO BE WRONG! I'll eat every word, and gracefully fade away (AFTER I SELL that is)
Frustratedly, your once a month reporter
Mike |
