Sept 17 update

PT  called from home Thurs. He and  Paulie  are  working there  on the    final funding $50K or so for N Pacific prior sailing again now to  the   heavy  gold  discovery but untouched  Yakutat Bay.  Surprise is  green machine sits in the  yard and all  N is the  search boat he  took up earlier  with detection gear.  While it’d fit on North Pacific  plan’s to work dredge year round in open water meaning another  deep water boat would be needed to work  cable which is  Mexus  11%  net  smelter royalty.  Search can haul and sample  large cable ends  Means  some small shares paid in gold are left  in North Pacific  Gold.

Answer then to Wicked Witch? There are no Mexus  assets to  North Pacific until they start making our 11%. Now isn’t that precious! Office space at  Walnut Grove is  paid for but actual  acre compound is  owned by  Paul and   items paid for by the mining co is simply time involved  and I’ve yet to see where is  charged separately   to work on them  and  materials  used but I’ll ask.  I’m not aware of any other mining concern with that benefit  going  for it  for

Nope, placer  and mill are  being kept as will shaft hoist  when unneeded.  For sale are  crushers and stackers loaders  as too small for AR’s ‘planned giant  plant  and the 800  GPM M-C plant also in the  yard re-built and  shiny blue  will be snapped up when listed for sale. Yep, he’s in discussion with JV’s seeking  for  other  projects and they are not laughing  away from the table this go around.  Argonaut backing makes the difference . Lemas  report still not released  but  Mexus own samples are  under examination.

 

I said if  Argonaut  still will not call Newco “material value” next call I’ll try to ask again  as actual drills should have started and  samples assayed by then, mid-Nov

 

He thinks Discovery Ch  is about finished  with  Baring Sea Gold and  will be looking for real miners  not frying  dust in a pan  to pour in mason jars kept in the freezer.  For me? All girl dive crew pushed it about to the limit.

He’s still no real idea  who has the shares unloading  but thinks is  some taken on by  financials   from holder   with debt loads  for just what they can get.   I told him all I know  do own trades for the discount  fee and  do NOT use a broker  saying dump 100K at market which is pretty  dumb. He also says there are no market makers  for the stock which I find hard believe but if true can account for the nuttiness  we see daily. I asked then who sets the bid/ask?  He just asked who does your trades? “Me , of course but TDA just  lists them and away they go  within my set limits”.  They are obviously paired off with sales  NOT by my brokerage  and come in  all or bits and pieces until filled. So SOMEBODY’s making the market.   Not sold  any  much  under  flat .02 since  early  summer and grew totally out of any profit  any ever PP’d.  He says some are depositing  now un- restricted but I told all mine are in a drawer until great profits roll in. I said   I hear some long term accounts  are letting them be deposited but not enough to account for much.  So my advice to all is still hunker  down for the summer and see what comes after Fall.  At that   he says  many complain   that I’m their only problem and I say hoo ha to that!  If I’m a problem there will NEVER BE a solution. 8

2 thoughts on “Sept 17 update”

    1. Going on too long but says has a program soon will tell co. large sell trades of own shares. Was a need to sell some of his own last year during family troubles but not since and knows none associated have either. We do know he and I are largest individual holders and I’m distant 2nd and some small few are multi millions large as well so situation should not exist forever unless some are trying hard to ruin Mexus by buying and then selling quickly at loss. Guess if any involved in legals can be shown to be manipulating PPS down to assist case there’s actionable stuff to toss in any suit. Any case, initial official Argonaut exploration result announcement should solve near all and when a 2nd miner comes aboard in Ures similar he’s been active seeking that should be terminal case cure for incredible shrinking disease. 8

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