Had to leave msg 3:30 Reno time hoping too busy to answer in great Biggest Little cell service. Said 2.16 mil traded and seems most was MMs covering buys .02, .021 . .022 close where it was my small 3K made the ask. Don’t take much when is all good and next small buy ready to go. Seems small buy but the $9.99 TDA trade over all held? cost .00000048/share and gained .001 apiece for little $20K gain. Better day a comin! Lord, Lord!( not much U-tube, sorry )
https://www.youtube.com/watch?v=mjDh6ceWLEE
Tue 11th 30 min to go 2 mil traded. Hope somebody knows sumthin as it aint me! I’m sure about 100 mil very tight held or still in R status or non-deposited even, awaits a big rise with JV accepted… or not. Means least 1% of trading no appreciable change so w/o a close look as many sold as bought and last buy were protecting the .001 better ask even after close. ( my only buy was .022 @ 57:30). We always get a chuckle out of how fortunate Mexus is to have as biggest supporter and investor. Meant except for the total silliness Lout having him constantly in Alaska with mistress? Mostly been year’s long attack on me now oddly quieted. Has left him much freedom to operate back forth to Sonora and Reno. Meantimes bright folk as in past accumulate and will laugh to the bank with news.
BTW GRC has contract for mine planning with Newmont if I heard right in the CC. Not great audio. Jason explained not any JV just mine plans. Also may halve the shipping distance AND join the National Pan AM Hiway grid for no fuel diesel cost. May go from $400 to $200 oz cost.
I assume is in negotiation in Reno today. One thing for certain the prospects know is he is not about to roll over and take some profit.
I know he’s been in some discussions since POG was still $1700and deals much easier to conclude for good cash with most in profit still. Also assume a fall to $1140-50 and static near $1200 was some cause for San Felix sale fall through. Still we have no real awareness of what actually transpired. I DO KNOW he plans on recovery in some form as was told no uncertain terms when I mailed Silver Pursuit our concerns prior annual meet. But horse has left barn and chase is on to bring in and corral . Sure no transparency with private minded Mexicans. More like stone walls and need for scaling ladders than door keys to unlock value.
“Mexus will continue to hold a 50 percent security interest in the project until such time as the full purchase price is paid by FPV ” Year back value seen as $10 million split 50/50. Where does that fall in Mexus books 2015?
Never been a name mentioned public but the Reno miner is Argonaut mentioned to me. Just aren’t many other TSX miners with HQ there. Like none so hard to see I’m wrong. Then I think some of their cash backers are interested in the Ures claims separately . No small cash group can do planning and drilling open pit project they will need and that will be the JV. VERY little investment will be needed to mine the shaft where simply opening 2nd entrance will provide the planned 50 tons from two work faces. His asking price has remained at about $6 million for 49% max and I haven’t seen that slide. Fresnillo was the neighbor dealing and had near that figure discussed but greatly stretched out and as large majority owner. Argonaut has no current or planned high grade shafts with 4-5 older ones set for low grade open pits acquired by similar deals but as 100% owner. $2 million set in ’15 for pit drills and pad planning alone at latest explore project with less cash potential already logged at Julio/Maria Elena. I just can’t buy the lousy dealer tab. Toughest game to crack into is the small guy with hand out for working cash. This one alone should be the rainbow end and he says has done all he can manage up to this decision point. I do know he’d not be as relaxed if it weren’t damn near to closed. Still never over until it’s over and this simply the beginning viewed that light History BTW was execs at Reno’s Meridian Gold who merged with Yamana in 2007, left and took over Toronto’s Castle Gold in Jan 2010 and named it Argonaut staying on TSX. Makes it same age as Mexus but they were successful mid- tier miners. Little switch on old saw, “Choosers are not beggars” but neither are million oz owners. 8
http://www.marketwatch.com/story/yamana-meridian-forge-35-billion-gold-merger
“don…
..i too had a conversation with pt — thursday eve, i think. pretty clearly not argonaut…and nothing on paper yet with what he described as a private investor group. that said, discussions seem pretty serious…he seemed reasonably optimistic, but in his own words, not definitively so….yet.
i guess my big question would be, if i’m prospective partner: what would be fair and how to structure a deal given no definitive geologicals done yet on primary ore bodies.
even if pt guesstimates greater than 1M oz au equiv, hard to see anyone putting up big upfront cash to mexus without more info. so…if this goes forward, i would expect a far smaller amount of upfront cash for mexus, but a commitment to spend “x” on actual mining of shaft and exploration, with perhaps better cash returns to mexus as gold actually produced and sold, balanced with mexus payback to partner for mexus share of production/exploration expenses. when cash expense parity reached, profit split according to % owned. something like this….
so many ways to do a deal…how do you think it’ll go? just hope if it happens, pt will elect to explain it well to shareholders…cuz without big upfront cash, which is hard to make a case for as stated above, some will think “we got screwed” if not properly explained….
also truly hope pt and any advisors will do SERIOUS due diligence on anyone they are doing a deal with. pdent assures me yes, but also true that this kind of evaluation, even with his smarts and skills, has not been pt’s strong suit. this simply cannot turn into another “silver pursuit/atzek” type thing….what the h was that all about anyway?? maybe one day we’ll get the real story…
for now, though…guess we’ll soon be seeing about sta elena… and whether a reasonable deal can be made. digits crossed…
thanks for any cogent thoughts re any/all the above….”
Investor group yes for follow on AFTER a JV, but no other possible I see to JV in Reno. BUT P Masson was shoving it out the door ASAP and Seagrams ruined the winery. Called his War of the (slurred) Words. All left of the famed Saratoga champaign cellers name I loved to sample (bottles popping as were turned over to settle dregs) is brandy from Modesto. Not what you say, what you do.
On Tuesday, May 12, 2015 1:34 PM, wrote:
“would love to hear definitively that argonaut is somehow involved! just didn’t sound like it from what pt said….at least concerning julio property, but guess we’ll see. would also love to see 6M$ for 49% you speak of….! much i don’t know, so maybe i’m very mistaken in terms of what i think makes sense for those across negotiating table from paul…and these are indeed hard and strange times for small companies in mexus’ position…
anyway, so looking forward to forward motion….and end of limbo period, but i guess as o.welles said in the wine commercials …”no wine before its time”…