Did you really mean to post this, JP?
Why not say "We feel very strongly that we have Kimberlite nearby" get the stock up to 20 cents and do a private placement at that level.
First of all, doesn't this go without saying? I mean, what management explores for something when they don't feel "very strongly" that it exists? That would analogous to going on a treasure hunt without any treasure. Also, I said "now know...."
Secondly, "get the stock up" Precisely what method do you propose to do this? Maybe a "misguided consultant," rumors of imminent overtures from ACA or another major? Besides, for what purpose? The only people willing to fund the company at $0.11 are management and a few believers like yours truly. How well received do you think a subscription price of $0.20 would be received in this market? Yep, nudda!
Montello took a chance and missed -but they were honest about it -took their lumps- and now they are doing quite well.
Leaving the question of honesty aside, they're trading off a 52 week low, out of money, and trying to negotiate an agreement with a major at a distinct disadvantage (ask John Campbell what he thinks).
Finally, and this was the whole purpose of my first post, I would like to reiterate how we should acknowledge incremental success; balloons and champagne for kimberlite yes, but beer and pizza for an impressive indicator suite. What MMU/CG have accomplished today will serve all companies better in the long run, and by running down their apparent success, you're unwittingly shooting yourself in the foot -- that is, of course, rooted in the assumption that anyone takes what you have to say in earnest.
MMU used an auger drill not R/C
An auger drill is RC, but strictly speaking, you are correct.
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