Roebear, your a sensible guy, but sometimes you are just too nice! Thank Lionel for the post; it made no sense! Why was their gold sold at ~250/oz??? How come they have a % of error of 20% with their revenues. (BTW, to see Lionel's track record, bring up a 3-yr chart of TTRIF...what a manipulated joke.)
My mind has changed about this company...blind faith, although a great band, just doesn't work for me.
<- Previous Message 2156 of 2156ÿÿÿÿ Reply ÿÿÿÿÿ Subj: Ski
By: rdww0
Date: Feb 21 1998 3:00 P.M PST
Reply To: Msg. 2141 by skifastlosepass
As the truth comes to light, it is becoming clear that this company is a
joke and worse, a scam. They put out the illusion
that they hit a HUGE gold strike in October, when in reality a few
nuggets dropped at their feet. They put out the illusion that
they have this huge financial backing from an independent source who was
convinced about the value of the mines, but in reality
it was an under the table deal where DAN/AR/STER was presented with a
win-win situation and the shareholders recieved dilution,
and literally, "the shaft". The company claims to have produced 490 ozs
of gold in the 4rth quarter, but the #'s don't check
out. The company claims to have found an experienced mine supervisor who
was so thrilled about the mines potential that he came
on board, but in reality... who really knows. The company claimed to be
able to mill 24/hrs a day, but in reality they can't
mill (efficiently) at all. The company said they had multiple parties
interested in a JV deal, but in reality they were in bed
with their split personality buddy, DAN/AR/STERL. The company claims not
to hype, but their IR guy cold calls to try to generate
interest in the stock, and puts out a Press Release when an analyst
makes a brief mention of the stock in an internet interview (WHAT
A JOKE). The company claims to understand the business they are in, but
can't even properly account for revenues, file a
correct 10-Q, or present any notion of a business plan. The company
claims to have millions of ozs. of inferred reserves, but it was
probably some friend who wrote up the report, and probably was slipped a
few MILLION shares for his services. The company claims to
have made two huge finds of virgin gold, but in reality has not found
anything that they plan to produce (if they had plans, we
would have heard by now).
I respect the positive posters on this thread, but like me and you, they
have been duped time and time again. A fool and his money are soon
parted. At some point, we all play the fool.
Live and learn, RYAN (obviously, my sentiment has changed) |
