I visited the Steppe office in Vancouver last week.
The Steppe has a two-room office in an high end "Executive Office" complex on Howe
street. They share secretarial services with a number of firms, presumably to minimize
operating costs.
along with 99% of the so called companies operating outta Vancouver
Met with Raj who appears to be the only full time employee in the Vancouver office.
Yup same MO as all the others
Steppe is working towards finding a JV partner or direct investment of $25 million to
allow them to develop Mizek.
No doubt Raj told you that, what happened to Antares and Stteppe?
According to Raj Standard Bank has promised them $18 million if they can find the
other $7 million. John Menzies and other director(s) are working on finding an invstor or
JV partner to come up with the required $7 million.
Looking for a new breed of suckers, did you leave a cheque for them
Raj said that minimal funds will be coming in in the next two weeks that will allow them
to be reinstated by the VSE. In the meantime there is no money and he is not being
paid.
Huh uh, they all do it cause they love it, no wage neccessary
Asked about how long the Mizek licence can be held with no activity or funding, he said
they will have no problem for the next year.
Neither did Coleville Resources
Asked about where the $2 million from the Antares investment went, he listed US$
500,000 to obain an option on a rich piece of property in the Mizek zone, $130,000 to
cover Antares' due diligence, $110,000 for audit to allow Steppe to be relisted at the
time and $120,000 to CL capital. The remainder presumably was used as working
capital, but the details were not presented.
What nothing paid to Junior, methinks he did not tell you all
Menzies' current efforts in publishing his Review are to a large degree promo work to
attract investors to Kazakhstan and Steppe.
Like I said a new pile of SUCKERS
Will Steppe survive? NOI don't know, but Raj must believe in it as he is working gratis for
now. He is prepared to stick with it a while longer, but in my opinion Steppe will have to
find funding in the next six months or they may go down for the count.
and Gabe that is a good opinion, gonzo
Gabe
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