and now, a less paranoia reply, and I should not have "told" anyone,
especially by name, to do something, sorry
and please I don't speak for others, so anyone can and should
disagree with my reply here
I copied Bill post, and adressed as follows
Doug, Often a mine or company gets tainted in peoples memory.
for years now brokers will recall the high points and the fall
from grace no matter what comes afterwards.
--- precious metals = money, if we can now extract at a profit
--- then people invest for future's money and don't care about past
--- we just have to "tomorrow" show the profit potential
--- and as Chuca says, not talk and reports, but production
--- but I agree, new money chases profits, and we need money now to
--- go to a profit level and you point out that the amount of money
--- from shareholders pays off debt and not for to gear up for
--- production, assuming extraction method exist and payed for
--- Maby we need the finanical unbrella of a bigger company to own us.
So if you revive IPM and get it trading you might face this.
By the way, do you want some BRE-X stock?, new directors,
new direction <GGG> You understand the concept.
The financial aspects of corporate revival can be dealt
with via papering the debts as most will take shares with
some hope instead of a total bankruptcy and some thousands
will up date the financials and so on. You could probaly get
trading for less than $30,000 if the books have been done part
way through the year and all debts can be papered.
--- Bre-X in court determined to not have good
--- dirt, so any revival most likely peoples dreams or more scamming
--- in progree, or people can't let go. etc.,
--- and does IPM have good dirt?
--- answer from me = I have no proof = precious metals from
--- the dirt using a reproducable method
The only thing that might nail you dead as a duck is a SH lawsuit
against the directors and the company. I think this will not occur
as there is no apparent asset to grab or any director to strip of assets.
--- None in progress or planned against IPM (I think is true)
The property is leased/optioned from another.
This is also a problem if they do not pay their BLM fees.
--- Our plan is to get the dirt, so we are planning to pay this.
In addition IPM agreed to pay some millions and has now defaulted
so the company that leased the property can take it away in a
heartbeat?(is this true)
--- Please tell me, or better yet supply facts detailing events.
--- agreed to pay millions to who ?
--- who and when defaulted ?
--- who can take away anytime ?
--- in a heartbeat = not understood legal talk by me
--- so please explain better the process to "ripe" it away from IPM
Do they have the $50,000 BLM fees(is that the correct amount for that area?)
--- shareholders put up money to pay debt, get out of Chapter 11 and
--- to keep Black Rock and then any money left = food & drink party
--- money to cellerbratetion and talk and wonder where the next batch
--- of money to run company will come from
The very first thing you should do is get some proper assays done
before you spend all your money.
--- in my first reply I done did ask inpolitly for this to happen
--- in this reply I hope for a warm dry silkie fuzzy feeling type of
--- comment from others that "its in there" will be posted
If black rock is barren then walk away
--- and turn off the IPMCF thread lights
and make a new co.
--- not me
The newco can then stake or option land from
first principals or it can option the prospective land that Cuhuca and
Charles have in their group.
--- if burned by the ipm investment, I don't think anyone will do this
--- and start a company thinking that the same failure will happen
Any time and effort spent on IPM with no fresh and independent
assays may well be wasted. Since you have the grid you can go and
take a dozen samples and slay this dragon once and for all.
--- Richard and Chuca, please comment
No amount of anecdotes from Aurum or others are acceptable, their
words are a total waste of time. New fresh assays gathered,
perhaps by Thall. Pay him his daily rate for his time and get it done.
--- is Russ Twiford in this kind of work ?
There are assays labs as Zeev has outlined and if they find zero,
walk away from that property. Take no substitutes for new assays,
there are none. ALl that has gone before is tainted.
--- others, please comment
One problem is there might not be enough time to do the assays before
the claims lapse from no money to BLM, and you should never pay the
BLM money unless you get title to the property I hope.
What real claim does IPM have on the dirt?
--- Charles, Robert and Paunch are active here, not me, I trust them
If the company that owns the land comes up with the money at the last
minute I would see this as a suspicious act and they will never let the
new IPM that is out of their control get back in operation unless they
get enough shares to run the same scam again.
--- are all desert dirt companies doomed ?
I would say contact thall tonight and hire him to sample and assay and
pay a premium to get the assays done ASAP, and use 2 labs as well.
The nickel sulphur fusion will do it. The whole thing might cost $2000
including thalls time.? Ask him.
--- others comment here
I can give what help I can from here as can thall and others.
He may have been critical but he can be your friend too.
--- my left side of brain likes and trusts Tim,
--- my right side listens too much to others seeing him as dark force
Get his advice as he is close and can get others who can also help.
For me to fly down there would be far more $ that to have thall
work locally, and he is probaly more capable in desert dirts than I am,
as I have had little desert mining experience |
