No name
No e-mail
No test of time
No questions about IPM's business procedures, which were fraudulant.
just Rah Rah, IPM &
now you've got all these questions about a company that has for seven years worked with Ledoux without a hint of improper conduct from them, & chain of custody.
It's obvious to me & others in the know that Naxos agreed with BD/LD to allow BD/LD to soften the blow to the LONG TIME CUSTOMERS of Ledoux.
The COC has been proven, think of it from a legal perspective.
The remaining part of the puzzle is scaling up/production and that has already been accomplished by Naxos partner, so to speak.
To: +Zeev Hed (4618 )
From: +J.E.Currie
Saturday, Jan 3 1998 7:18PM EST
Reply # of 4621
Subject: A New Age In Gold Refining
| Previous | Next | Respond |
To: +Michael J. Wendell (0 )
From: +Michael J. Wendell
Saturday, Jan 3 1998 4:16PM EST
Reply # of 402
Hi Folks,
Yesterday was January 2, 1998. Dick Jensen the force behind Global Platinum called.
He wanted to know if I was working. Actually, he wanted to wish me a Happy New
Year. I thought that was a nice start for the New Year. He told me he was going to
make an announcement this coming week. I had been told that was on the Global
thread so I wasn't surprised. He also said that they had been working with another
refiner. I was shocked. No, not really. I thought that it is good to check out every
possibility for every part of their plan before starting into the New Year. I also had
heard that information about a new refiner was on the thread earlier in the week.
But putting that aside, out of our conversation I felt good about the fact that there was
an apparent excitement that could be sensed in him. It was there because it should be
that way. After all of these years I am sure that Dick is not a man that excites easily.
He and others at Global have struggled a long time. Dick, the light is not just a glimmer
at the end of the tunnel anymore; it is getting quite bright at the end of that tunnel. Your
options are starting to unfold. The options include which way is better. Not like in the
past where he sometimes had to wonder if he even had any options. I know the guy
has lost a lot of sleep over Global in the past, but maybe now he can just start
following the normal progression to commercial production. By the way, before you
ask, I do not have any Global shares. Nor do I have any financial agreements there. I
do own DD shares, but mine are not apparently shining as brightly as Global's are
shining.
I also talked with the only person at the new upstart Agau Resources, Inc. I personally
know. I don't have any shares in that company either. He asked me about my opinion
about "due diligence and chain of custody". I am sorry, but that is the wrong question
to ask me. I told him that due diligence is not done if you have to educate the assayer
in how to do the job. The outside assayer should be paying for the advice. Let them
select to pay for the short course or the more expensive long course. I told him that
Global was producing metal. It has been verified at a European refiner, at Engelhard,
by Consolidated Noble and others. The metal has been produced and weighed. And I
am not aware of one red cent that has been paid for that verification. And the method
used by Global is one that brings the company closer to being a commercial producer
in the precious metals industry. So Kenneth, this advice is for you. Stick to your
convictions, try not to "eat your own foot" and be methodical in your approach to
building the company; because I am giving you 2 years to do some good, get to a
feasibility or step aside and let somebody else do the job for you. You seem to have
some good properties in your company, they may not be any better than some others I
know of. The difference will be in what you do with yours. And Kenneth, the DD
companies have a tendency to look at each other as competition. It is the necessary
funding that they need that is so limited and for this money there is such a large
demand. But you juniors are all in this together. The DDs are the folks I am talking
about. It is we that are involved here, not just "us and them". When any company
succeeds in reaching a prudent feasibility that they can live up to, every DD will be the
beneficiary. And good luck. I am here to help you if I can.
mike |
