Thanks for posting the 8k Probart, as usual you are right on the ball, and the first one out with it. Thanks too for the calls.
I know the key words you locked onto, "significant mineralization", and they are good words, but then we all knew that, it is Bolivia, it is Cangalli. Question still remains, how significant, and what's it cost to get it out? So the only real news in this 8k is the SEC expanding the charges. The BD stuff is there to soften the blow, IMO, that's what I'd do.
Here's some key words/phrases I locked onto, and they were not unexpected.
Just being a realist here, not swayed by anyone, or any other company. Remember, filings, official releases, BD reports, etc. are all I believe without absolute proof.
"first phase field evaluation" - more evaluation needed, need to pay BD more for the next phase, where's the cash coming from.
"more extensive sampling" - of course, we all called this one
"further work to determine the potential" - ditto
"additional financing" - goodie more dilution coming?
"expand the civil action" - well you called this one right.
Then the rest of it is the usual disclaimers and warnings.
I tell ya, we'll be talking the same talk, and walking the same walk, a year from now. Would rather be on a nice flat to do it, but fraid we'll be doing it from where we are now.
Regards,
Jim |
