Looks like plans under way to have a BoD and compensate and indemnify properly. May involve a prospectus to vote on some fashion. Whatever is done is done and cannot be hurried as 20% owned Newco but Mexus itself moves along so real news is what happens now with other projects Mexus CAN announce. Direction then is to NE on Mex 14 community of Ures. While Cesar samples and reports he’s launching the survey boat in Tacoma. Last I knew placer was still making hit or miss daily oz. Anything else would be pure puffery.
Pretty plain that even large pvt investors do not create expectation of future profits for any but themself over time which HAS to take place. Anything else is some period of short term trading and that’s never been my game. Unless “It’s different this time” actually takes place and never has you just wait the swing using basic “I’ll survive until it does. ” Only sure things are gold in ground will be produced when can be at profit unless at a loss to simply survive when in operation until the cost is met by expense reduction or suspension. As yet is on the come line . NOW… when Buy Low Sell High Forbes idiots scream avoid gold? Dig them nails in and avoid the spinning fun house wheel to the ride slow down and go look in the fat mirror until you look rich again. Lot’s easier way to make a buck but the rabbit factor kicks in and can come in Easter baskets full of loot.
It looks to me like Argonaut’s sure not slow and methodical but in existence has moved VERY swiftly when mind’s made up and seems it has with the initial signing still awaiting official recognition. In less than 6 years since Dec ’09 Castle Gold buy offer they’ve opened 4 mines and socked $65 mill in the bank. Aren’t sleepin in late and closing the store early. I’d take PT’s word are the one’s to be working with, understand value well and just as soon see own PPS shoot with the public awareness ASAP. Talking about 90 days since agreement was said reached near May Day. Allowed Mexus to announce and seems absolutely nothing more the JR Corp can do until the SR wishes to release. But usually no great benefit to delay at all. 8
http://www.mexusgoldus.com/investors/sec-filings/sec-filings-details/default.aspx?FilingId=10826742
So Don, I see a lot of wisdom in Rob’s comments. As long as the gold is there, Mexus will get the royalty and all will be well. But there is a period of time between getting the royalty and now.
Everything I see and read of Argonaut indicates to me that they are a calculating, methodical, analytical machine. They work at their own pace, as indicated by the deal being “done” on 4/29, and just now being PR’d. So how to get the word out to potential new Mexus investors? Argonaut won’t allow us to control the news flow, that is becoming quite apparent. And Argonaut will not release a game plan until they are sure this is their new sugar daddy. They will talk about the JV on Aug 14th, but at this point it is marginally important to them.
Everybody that follows you and has heard of the JV has bought in. We need exposure to new investors, or we will be waiting for months or longer for Argonaut to realize what they have.
How do we get there?