I firmly believe you are correct!
On Jan 1, 1998 they had 52,000 oz of gold in inventory. Approx 15 million dollars worth with all production charged in 1997.
I was informed that they Collateralized it all (Borrowed from themselves) Why? They could have booted out all that Rothschild debt. What's the story?
If you should read their 3 QTR 1997 report
They sold 45,456 0z in Sept.
They had 131,000 oz on pads in Nov.
In their annual reporting they said They sold 56,000 oz for the year!
There is lots of gold unaccounted for................
DKT's announced subsidiary bankruptcy (USMX) must have been done due to a loan agreement stranglehold, possibly with the ROTHSCHILDS.
If this a refinancing ploy, plot for cheap stock, strategic gambit,
etc. Only the spin master knows. I hope he planned this in the best interests of all those who have had faith in him and a vested interest (employees, stockholders, etc) in DKT.
If not, he is a very sad example of a corporate CEO!
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