sorry brian for late response.
I was asked about this company on December 15 by someone and this is what I have responded at the time:
"Grass-root property, geologically little bit of data, mostly trench sampling, grab
samples. No significance in data in my opinion. Started a drilling, so far two holes
drilled(one has failed to reach a target due to conditions). Company a result of
consolidation and the changed name. Recent private placement at 0.50 for 3M shares,
probably capable of carrying a current drilling program. Further financing in the future
for sure. Price is high as a result of consolidation most likely, probably small float due
to the same. I would have to see the results, but at this market the odds are against
them. There are couple paid recommendations from Coffin and Fagan. They are
working on 65% interest in the property. Why Ullises decided to sell of interest? What
you think would be next step if they won't drill anything significant? The chances are
50/50 if they fail to impress the market, which is very easy to do in this conditions,
what sort of backing they have? Not enough money to take them to second stage for
sure. Another private placement at lower price? I wouldn't be buying if I had the
money, there is more value out there for lesser price.
That is my opinion, I can be wrong of course.
Robert"
I have only limited information, basically what is out there. I have just read the drilling results from Jan. 15 and that was the time stock has peaked. Results have some nice numbers but this is not going to run it yet, will be more difficult as money is being spent.
Did you read latest wheaton release? What you think of this sleeper?
Message 7747545
By the way I got short response from Menzies about the web site. I don't know what is this plea about the faith referring to?:
GONE FOR THE TIME BEING - DO NOT HAVE THE TIME TO UPDATE IT AND IT WAS
GETTING SO OUT OF DATE AS TO BE POTENTIALLY MISLEADING. TRY TO KEEP THE
FAITH I KNOW IT IS VERY HARD!! |
