Never one to brag….

“Happy Anniversary to the two of you, Don. Quite an accomplishment these days to stay together through thick and thin for 44 years! Hope you have a wonderful relaxing weekend in Tahoe. ” Belgie

 

Met her Tue May 13, ’69 at Spangdahlem O Club, 3rd lady I’d even spoken to in Germany. I said, “Are all you women here as beautiful?” Was my “Top Gun” short but cute hero days. Those 2 said “Wait till you see the next one!” Dorly walked thru the door. “DAH!!!” Soon even dumbo me actually realized, but not at the time, when finally May ’70 she was the most beautiful lady ever even bothered to talk to me let alone accept a dinner date. But was in a bad marriage some good friends helped us get her out and off to Carson City May 25, ’71 and married. Next day went down to Mather AFB and a DOD card to take her home. I tell all yes is 44 years of wonderful days but nights can be pure hell just proves real love gets us through to another day and year of life together. Good things don’t end long as you work at it as one. Just  aware  of  that  realized  I was  probably  as  bright  as I thought I was  when all I knew  were  combat  fresh and  glad  to just be  alive . Learn real quick to temper  own judgments along  with  others  around  you  doing  the  same. Some  did  drop off  the  deep end. If  fortunate  there’s  a  hand  to grab on to help you to one  more  day at a time.  She became alI I’d  a need  for since .  Try my  own damndest  to be  the  same.

While  chatting  with Mark Meade  Baillie I sent  him the  family  portrait  by  Leslie  Lew.  Never been seen online I think. Was  Balkans/ Russia  trip in   summer  ‘1 0  so bit  dated. Also under International Exhibitions  on that  Celebrity Constellation  cruise  ’10. Her  1st  small Kabuki screen  II.

http://www.leslielew.com/portraits.html

 

Brits weather news: Cloudy with bright spots

Here in  Texas? More  thunderstorms  all week. Think ya  got  troubles?  SW Gate  guy  at LAS asked  Dorly  if  she  knew  procedure  how  to use  her  oxygen generator.  “Only  last  7 years”,  she  said and  that  was  a 18 month decline  to end  diagnosis  too.  Do what  they tell you  to just  REAL well!

“Don

Still here!   Doctors scratching head, say keep doing what you are doing.  24 months since D-day June 13th.  Most with GBM don’t make it to.18 months. MRI of 3mm tumor stable since January.   VA medical, what can I say, guess I have been lucky with caring

Looks like our ship has finally arrived. $1 a share 240mm valuation difficult to get to in current commodities market, but maybe in a year if production bears out. Might jump to .08 short term…

Thank you for all your supportive posts when we had nothing but bad luck and poor business in a terrible gold market combined.

Have a few friends who might jump in Monday if it looks like cash/finance support to open Julio in 30 days.  Seems like we should have production estimates investors can calculate on.

Also, 4mm default by Aztec still unknown repossession, but is value to add to SP.

Take care’

David ( Visa)

 

Lost weekend and rest of the week or your government in action

 Back on   the net off  a  week?  All’s to say is  whomever dumped  300K  Fri  29th @ .016  prolly  cost  self  up to  much as $250K  in 30 days with  the   mining production to be announced  taken  by  a JV PR.

Today at 2:28 AM

To

crazydonconcepts
May 29 at 6:56 PM

As early as:

Near  always means NOT  BEFORE, more  often means  will be  after. My own update, when  obviously  was not  by  end  of  1st week in  May as per April 30 chat, from 4  days  ago last spoke.  We’ll be in Reno  6 PM tomorrow on  way to Tahoe  44th anniversary and  her  76th but I’ve NO IDEA at  all who he met  with last Monday still. Whatever, I make no decisions  whatsoever  except  to attempt  to use my  brain so often lacking in  constant bitchers with absolutely nothing  ever  to add.  8

Spoke shortly  last  night, Monday. He’s just  back from  a  trip and  would  not  say to where  or  what  about.   I told  him he  sounded  really  chipper  and he  said  “Top of  the  world!”.    So I said I’d  just  relay  that  with no conjecture.

Can’t make this up cont.

Re: FPS  50%  San Felix  JV?

Matter has now  progressed since  failure  to pay on Mar 24. Seems  to not  have been to  point  where it can be  disclosed  but I venture if  they have anything  worth $4 to 5  mil? Mexus owns  it and is looking  to take possession.  All I can refer to is US Gold  repossessed Tonkin Springs  4  times   before  Rob took it all for  cash in 2005 and has NEVER even been operating  since. Called Iron Clad  contracts .  Included  $35 million spent on plant  construction by Orex in  mid  90’s, millions more  in explore  by  an  Agnico Eagle  division in early  2000’s and BacTech before  last  effort  by Dianne Garrett failed to attract  funds needed before  deadline  was up and  McEwen tossed one  in over  the  transom.  Life  goes on hey!

 

 

“CARSON CITY, Nev., April 7, 2015 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) confirmed today that the terms of the signed contract between First Pursuit Silver de Mexico S. de R.L. de C.V. (FPV) and Mexus have not been met. The company is reviewing all options with legal counsel and will update shareholders as the matter progresses. ” – See more at: http://globenewswire.com/news-release/2015/04/07/722074/10127837/en/Mexus-Gold-US-Company-Update.html#sthash.262c4oGh.dpuf

 

 

 

Way to go Belgie. No reason  Louts should be  able  to post lies and  total nonsense  for years on end  with nobody  asking  even why?  Errors  and omissions in attempts to search out  knowledge  are one  thing  but   pure attack  costs  shareholder’s  money   and  should be held  to task.   Talk of  get off the pot? Has been full of stinky   crap  with zero positive  findings all the  time past.  I’d  say  best  shot  has been spelling narcissist correctly   by someone who has “buried his true self-expression in response to early injuries”.  Now  try asking  HMS Great  White  and  rest  to  actually say something  about Mexus, not  simply  against Paul or  other  least fairly  positive  speakers.  May not  even be  easy but  can be done.  The  result is  unfairness  and  seen all over  message  boards.  I believe  will eventually cause  them  to go out of  business unless  corrected  in time.  Dumped  the  RB  spam but  kept  the lies   so not  even 50% to good.

Since the  agreement  with  FPS was  reported on  SEC filings  we’d best  assume  it  was  a legal contract  for total  $5 million secured by  50%  security in  the  JV.  Never lie to Ma  SEC! Ask Martha.

“8K: Mar  28 2014

Item 1.01   Entry into a Material Definitive Agreement.

On March 24, 2014, Mexus Gold US and Mexus Gold Mining S.A. de C.V. entered in to an agreement with First Pursuit Silver de Mexico S. De R.L. De C.V. (“FPV”) whereby Mexus Gold US and Mexus Gold Mining S.A. de C.V. sold 100% of its interest in Mexus Enterprises S.A. de C.V.  Mexus Enterprises S.A. de C.V. is the company’s operating entity in Mexico which owned and operated the San Felix Project (“Project”).

The total purchase price is $5,000,000 to be paid as follows:  FPV will assume $468,000 of debt; $200,000 in cash to be paid to a creditor of Mexus Gold Mining S.A. de C.V.; $332,000 in shares of common stock of Silver Pursuit Resources Limited valued at $0.20 per share; and $4,000,000 to be paid in cash no later than March 24, 2015.  Mexus will continue to hold a 50% security interest in the Project until such time as the full purchase price is paid by FPV.

The agreement includes a full release of Mexus and its affiliates from all potential claims and liabilities related to the Project its former joint venture partners and allows Mexus to retain possession of all machinery located at the Project.”

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.”

 

Mexus Gold US
 /s/ Paul D. Thompson_________________________
By: Paul D. Thompson
Its: President

We also know  the  FPS shares  pledged  were  discounted  in later  filings. What  that  gives  seemingly  is an enforceable  debt  remaining  and forfeiture  of  the  50% interest shovels  or no shovels. If  the JV made  any  metal it’s  theirs and  FPS portion is  theirs IF they owned it  which  they seem not  to  without  the  full purchase  cost  due to Mexus.  All along  with no possible  cred in Mexico mining.   No charge  account  at  the General Store. My opinion is  that’s probably NOT true  for Mexus  other  signature  to contracted  deal.   8

Rapier50 says:

“So lurediver is still posting on the basher board I see. Thought he and stocktradeup were spending all their free time tracking down Paul’s ‘girlfriends’. For someone who likes using the catch line “You can’t make this stuff up” seems they spend most of their free time doing just that.”

Hey! That’s my  title ! Hard to imagine  how  concerted and  constant  the  attacks  come on  so just  ask why, possibly, keep it  up? We  do know  HMS Great  White  Lout’s  basis; pure total embarrassed  cover  and  dodge  for years and  no possible  way else out but  keep posting  silliness. . But  that’s  just  ME and  the  fool does keep reading  albeit tardy  usually week- old -kneed . But  why the  rest  all a bit spine conjoined?

I’ve now  gotten  to know Paul pretty  well  since  2009  but  some  have  known   40+ years longer in   the  2 mining  camps  of the  West  US,  Denver  but  mostly Reno where  he’s  well respected and  consulted  by even the  bigs needing  historical  reference. Knows  more of  Comstock  geology  than any  without  a  4 year  drilling program like  LODE.  Ask why Walnut  Grove   construction  site we pay  his  rental?  Check your  N Cal precious  metal river  basins and  they end  in  the  Sacramento where  the largest Cosumnes  River Basin   empties  right there.  All downhill from Placerville  south side  below where American  River  S fork goes  by  Sutter’s  MIll  at  Coloma . I too grew  up wandering  49er mine  camps  summers  but  went  for hopping  W Pacific  and N Europe  for  a  career. Winding  trail’s  led  home and  now  sits  in Sonora  Caborca  quite a  bit  like  own  Rough and  Ready ( a  REAL Calif  gold  camp )  gold  rush now  S of our  border.  AND is  VERY early in  the  game while POG hovers  just some $100s   above  cost.  Kinda  a  rumble in  the  ground   as if  our  own gusher’s due and  ready  to hit. NO?    Mixed  metaphors with  a  dash golden ratio  vermouth.  Shaken, stirred no matter. 8

http://en.wikipedia.org/wiki/Rough_and_Ready,_California

http://smallscreennetwork.com/video/448/raising_the_bar_vermouth_rant/

Vision Check

Silly creatures on RB can’t  even see that  was a  re-post of  May 19 ’14 and became  first  rejection  of  Fresnillo  intital offer when still PenMont .  NOTHING happened  2  weeks  later  except  was  rejected as too silly  to consider.  Later   cash offer was  ok but   % ownership  and  delayed  terms  were not. Has  gone  from there  to seeming  an acceptable position near at hand but  not  over  till over and  signed.   Hardly part of  Love Mexus  camp. More like  “Wipe  off  the  face of  the  Earth” .  Try   Hill’s “Reset  button”.  BTW have been NO dredging  episodes  shown  yet  from  summer  ’14.  Costco has  fine vision centers and low  cost.  More  vison  troubles  pop up continuously. Ever look under ” Company”  heading?

 

“Paul comes with 49 years of experience in the mining industry from manufacturing of specialized mining equipment, experience in underground, placer, and gold recovery milling operations. Paul was the founder and president of Thompson Mining Inc, Thompson YellowJacket Mining Inc in Eldorado County, CA; along with Golden Eagle drilling, an exploration company. Paul was president of Paul D Thompson Inc, a fire truck, water tank, and pump manufacturing company for 40 years and the holder of several patents. He also designed and constructed a mobile home park in South Eldorado County, CA (Crystal Cav es Mobile Home Park). Paul is presently co-owner and builder of an educational tourist gold mill in historic Virginia City, NV (Comstock Gold Mill).”

 

Crystal Caves  is sited in old  49er Pioneer community  settlement  of mine camps  outside  Placerville (Hangtown…. a nice  though for  fate of  liars  and fakes) .   My family  has property a little  N  on Grizzly Flat  Rd    since 1966 when  you  could  still subdivide under  5  acres now long  halted. My last  living aunt’s memorial   ceremony was there at  Pioneer Baptist  in Sept  2011  my  74th birthday. That  little hydraulic  lift  now  said good  to support $50K daily  high grade  was  left over  from an underground mine.  Way you make a living  AFTER subdivision? Own the  utilities  which requires  capital out lay   owners  can’t  afford .  As largest  property owner Paul built  the Vol Fire  Dept  buildings and donated  trucks built  at  Sac  River site in Walnut  Grove.  Kids  grew up helping  at  mine  sites all  across Sierras and Nevada desert on  Walker Lane from Reno to Tonopah .  Question is  had much experience using  your  brain  except  as a door stop?   No, you can’t  be  serious.  8

#2146289
lurediver 1 hours ago
1 2 3 4 5
Besides developing a trailer park and building a water tender does he have any experience running a mine?

Seriously.

Email Alerts

Email Address

Last edited 15 hours ago

#2146096
lurediver 15 hours ago
1 2 3 4 5
CARSON CITY, Nev., May 19, 2014 (GLOBE NEWSWIRE via COMTEX) —
Mexus Gold US (otcqb:MXSG) (“Mexus” or the “Company”) Shareholder Update: The company today announced that it is nearing completion of a deal to bring the Santa Elena/Julio project into production.
Paul Thompson, CEO of Mexus, stated “We have struck an agreement in principal that will be a win/win for both parties including our shareholders. Both entities are committed to seeing the Santa Elena/Julio property brought to full production in a manner that is economical and will result in maximum return to its investors. We hope to have everything completed in the next 2 weeks.”

You can’t make this stuff up!

Another  un-dim bulb  shines but…  Sorry, NO! You love  the game and  the  feeling when you’ve  won! Miner’s  just  the deck  and  top 5 cards. Obama’d  say “You  didn’t  build that  card  table!”  But Paul and  I did! Screw the Loutus & POTUS .

Ante  up! Bet’s  right !

“actually I can love a stock 8, I love the highs and lows and emotional excitement as well as stress that mexus has provided me over the years.  Win or lose its been fun and I still love mexus, 😉 for now ”

Spoke shortly  last  night, Monday. He’s just  back from  a  trip and  would  not  say to where  or  what  about.   I told  him he  sounded  really  chipper  and he  said  “Top of  the  world!”.    So I said I’d  just  relay  that  with no conjecture.  Also  said I’d  suddenly  been sent  an ask to use  AuGrabber’s  Face Book  page and  I don’t  do Face  Book ever.  I chose  the web  email side instead.  PT said   the  agreement  for some  Mexus  logo publicity has not showed  as of  yet.  Has  been still setting  up the  dredge last  2 weeks. North Pacific  Gold, that’s the  ship name  BTW will be on  Nome  outer shelf in good  weather July until  ice  shuts  down much later than  shore  area.  Believe then he will seek out  cable  locations  for Green Machine use and  that is  all Mexus  machine.  Both devices on  the  ship  are a bunch more  high tech than a back hoe.   Will see how  that  sets  with Discovery  crew. “Meanwhile on North Pacific  10 miles off  shore in  deep water” .

“the possible significance of these features as placer-gold exploration sites. The area extends 10 miles east and west of Nome, from Cape Nome to Rodney Creek, and up to 10 miles offshore”

http://pubs.usgs.gov/pp/0759a/report.pdf

http://www.augrabbernome.com/

Always informative  when    more intelligent   folks  at ihub  hold  fire  when it  seems a  resolution’s  at  hand  and the incessant  no-no’s-nothing  but nonsense   babblers  at  Raging Bull prattle on with  nothing  ever   to add.  Perhaps I’ve missed  something  when doubled  over  with belly laughs?  Just  recalls Zoot’s  Fish People  asked, “What if  he’s  right  again”? A damn good bet  if  I’ve  risked   anything  at  all. All at  risk?  Odds are  astronomic in  the  Quadruple  Crown.  Last laugh’s always  funnest .

As  to 3 camps? Not  a bad  posting and  at  least  demos  SOME brain cells.  I sure  don’t  expect  love  any  kind. Respect is  the  term and  you never  expect  that  from them as  never  even respect  themselves  while spewing  vomit  and  nonsense all to see years on  end.   Besides you NEVER love  a stock but  admire  the  returns when  the  results are  all in. AND   not  until that  judgment is possible.  Only  a pure fool acts  otherwise and  we have  some in aces there.   So is  just  2 possibles not  3.

1.  Hate Mexus  and  repeatedly all involved  to get it  running.  2. Respect the  totally  yet uncompensated  initial investors  who brought it  to you  to consider.

By  now  we’ve  a pretty good idea  who sits  where . 8

 

Question  is  how  all those   funny clowns  fit in  that  tiny  car?Take  this  total insanity.  Great  White for  example  was  telling  all exactly  same with GRC below  $5 they would never profit in a very  different  era  of  rising  gold.  When I’d been on board  for  7 years  at   a  quarter pre= IPO just waiting.  and  helping   it  start  once  again. We can tell he  did NOT apparently profit when above  $30.  Dumbos  who say for   formative  years  “will never  work are  NEVER right at   any  time  when it  does.  That point MY great reinvestment GRC to Mexus    will be  in  the multi millions.  And mining  wiz  4th time.  Meantime  own experts  I chat  are  howling  with laughter  at  the  clowns.  Got “Louts”  correct  however.  Know  own name’s a place  to start to wise up some.  8

“The thing is, if a deal comes tomorrow (it might), or if we have to wait four years, the goblin will still say something in the ranks of “I told you louts. I was right all along…”

Anyone can of course say the same thing and sooner or later be right. And claim to be a mining wiz.”

 

RB  seems to chime in to  follow  a  Lout  thinks  Gilbert and  Sullivan were  ships of late  19th Century   Royal Navy!  And been able  to keep posting  same   nothing  nonsense  another  7  years.  The  true  clown is  one  thinks an  expert hilarious  and  says  so.  Good luck with   those investment  funds and  a  screw loose  guru.  What  a wise  man learns and with some it  just  doesn’t  appear  to catch hold, is  to follow  the  trail to the  end BEFORE judgment . Most  especially  if  you’ve never been within    700 miles  of  the property to see for self.   Nothing  but idiots  learn from  other never  learn  idiots.  All been to see agree with me. Now  why is  that  d’ya suppose?  8

Popular Mechanic

About  a month ago  we heard about  an  old  friend named Mark Warren, experienced   Colorado  hard rock miner, joined  Paul for  a trip to Caborca and  advised on  Julio shaft which we  heard  about  in  the  3 week old PR. Some  really  up to date  bozo  has  them a pair  of  crooks still meeting  up in a  bar to take his money  when PT’s been negotiating  with investors last  two weeks in  Reno.  We since found  for  first time  are NOT a known mining corporation. Seems  is HIS idea  of  backing  from investors.  So there’s a mongrel’s not  even running   up with the  pack! And, uh, what permits? Warren’s  advice  was to hire a blaster I believe  we learned  same  time.   RB’s always like  some odd comic like Jump Start  where I can’t  quite  see the  jokes. 8

“If he is some guy PT met in a bar who convinced him (once again) he knows how to mine, then…..

Too many crooks and con artists in the background…and no results.
If this is PT’s idea of how to get more money backing from investors, it isn’t working…let’s see those permits..(only two more weeks)”

 

 

Sweet to hear I’m still well followed with no msg  bd posts  since  April 7. That  was ihub but  apparently  even more popular on RB since  last  now over  a year.   You really need  to wonder  what  babbling miscreants’d do without me  to keep  them off  street  corners shaking  down  homeless  tramps  their  begged  small change.   Here I thought I’d  told all exactly  the   moment I found  it  was  NEVER Argonaut which I  1st named on  Apr  28th as  possible mention in  the PR  (where  some  wanted  an Aussie named Warren on  our  BOD )  as ONLY TSX with Reno HQ.   Now  we  DO KNOW it’s a  group of investors  as he  finally  came clean with  the info he  believes  a  deal will be  reached to provide  the  cash and  not  a mining  company.  So?  After  a two week conjecture I leave behind  the  false  trail  for  the  howling pack of  curs and press on.  But  must  ask if  any  the  snarling mongrels  did any  better?  All I  ever  do is  go from where and  what  think I know  to any  better  spot I find by  the  efforts which never  stop. Seems  to always  put me  there  head  of  the purebreds.  View  halloo.  Gone  away, gone  away.  8

Submitted on 2015/05/15 at 6:54 pm

“Placer is ongoing so figure it gives Mexus a bit of bargaining power. Gold is pressing against resistance at 1225 so any close around there is bullish into the weekend.

At 5 oz a day (to Mexus) we’re still undervalued on a P/E ratio of 6. (BOE type of stuff with expenses and taxes out)

Of course this doesn’t take into account anything else besides the placer. Seems like a no brainer for investment but then again what do I know.  arewrong”

 

May well still be  all I think is  wrong and  we go from learning  that  as well.  But  recall  3 visitors  came back with no more  to offer than  I can see  from  San Antonio.  My last  visit  we  still owned   half San Felix  and there’s been no real reason to see again  what’s  at  the Rancho until financing  in place  to make it  run.  Then  check the operation I’ve  still a  damn good idea  of  how it will work.  Haul the  shaft ore, mill and  recover.  8

Home again, jiggity jig

Latest  babbling  brainless wonder and how  hilarious  daily  attacks  on Mexus  Paul and  me are from sillies  wouldn’t  know   a gold mine if it  jumped  their leg like  a St  Bernard in heat.

“I think he makes these conjectures to keep people in the stock to buy Paul more time but only can do it so long till credibility is shot”

My  cred is based on pretty total honesty  what I hear and know. I am NOT Inside !  Near none  we  read  have  even a portion  that IMHO. But  is  fun to  hear the children at play like noisy   out  for  recess and  teach gets a  sanity break.  Unfortunate  these  can read what I think but  can’t process  due shit for brains.   PT’s not  buying  time, busy selling  half  a million oz  gold   “Drive 2 hrs 48 mins 162 mi”  from home where he  does our day to day  business, recall?  Lucky  he  can walk and  chew  gum! What  time it  buys is  for  bright minds to buy  at  a ridiculous  PPS as final days  tick away there   up I 80 a tad. Gold simply  sits in  Sonora  going  no place until he lets  half   of it go in  another’s pockets to finally  finance  fattening  ours .

 

http://www.travelmath.com/drive-distance/from/Walnut+Grove,+CA/to/Reno,+NV

 

Even the  most  brainless  simple  lout, and  we’ve  quite a  few announcing mental status ,  must  realize  reason I am told  nothing  is  I tell all what I reasonably  feel I can deduce to all soon as I think I can say it.  It’s owed he’s  aware to any  who read and listen. Yesterday I FNALLY got  PT to say Argonaut, a name I’ve  been using  with him now  for months!!! the only possible  TSX  mine  company  in  HQ in  Reno is NOT the name he’s  ironing  out  the  contract on last  week.   And  the  reason,….IT’S NOT a public  miner  but  a  small  investment group able  to meet there no long distance  flying involved either  way.   I posted  that  about  30 min later and the brainless  picked  it  right  up to blabber nonsense  since.   Butch is listed  as advisor  and  erstwhile  director,  check org  chat if they ever have,   but  runs  own logging  operation N off  I 80 in  Sierras    so on way back to Sacramento  Dr visit  involving   eye  surgery  recovery going  on  since  his  wife’s  death last  year  stopped in  to assist  old  friend  needing some  advice  he’s area’s  expert ,WATER TRUCKS required for  environmental license to operate under  EPA.   Kind  of person he  is  and you need  to really detest any who think a  man would  do otherwise. But  there  we’re  stuck with the louts, Great  and  small.

Matthew 7:20

Wherefore by their fruits ye shall know them.

 

Realize all this is  after  20 min “I can’t tell you  that ” as  he  drove  I-5 S by Elk  Grove 20 mi to R turn Walnut  Grove  on  river. Left  Reno early  to go by Butch’s logging ops to fix  his  water  truck problems. He’s Mr. Pauls’s  Water trucks , recall?  I try my  best  to interpolate  all am not  allowed  to know. And  while  nice to know  HMS GW Lout  sill hangs  my  every  golden dipthong?  I think I said  after  left Wed  for Thurs  Dr  apt he’ll  go back  when they ask.  Lout  runs  about  2 weeks  behind,  ever. Some generous  soul  explain difference retort  vs  retard. Bit  slow on the up take  BUT  He  aint heavy….

 

 

.  Finally pinned it down is NOT Argonaut  but yes  is now a  group of investors operating  from   Reno;  no longer  saying   a Canadian  miner  HQ there. So makes  sense with events changing. Will then most probably  be a private company   as minority JV.  Needing  a MD apt  tomorrow  or  would  still be   talking so will go back  when they wish more  face to face  while  details worked out enough to satisfy  PT it  can work. Still no give in the Mexus  side  below  what he’ll accept  with what  we offer.  Best prospect  in  that  area.  They  are  also aware he’s  still getting feelers  from several others so he  believes  early   next week meet will hammer out  their best  for him to take  or  walk away.  As I say  the  flexibility seems rests  with the  Reno group.  No stock involved  and  enough cash for Mexus  to operate  without  long term debt or farther  dilution and  the mine plan paid  by  them. while  the mill starts to operate  asap. So latest  word? No two weeks, just  week and a  half. Progress!

Submitted on 2015/05/13 at 10:43 pm | In reply

That’s  go it alone  option.  My understand is they’d be buying minority position in all but placer family deal. We are majority operator and do the blast and haul until their mine plan hits the deck after using their cash to set up and buy all necessary. More they pay and thus more they own more they share IF they satisfy PT’s deal for us the owners of Mexus. 8

Submitted on 2015/05/13 at 9:41 pm

“Is the mill a separate entity from the JV in terms of negotiations or is the investor group also looking to own a piece of that as well?

Originally I thought Pt was looking for a blast contractor to help the operations with a percentage of 25% or so but I could be mistaken.
Thanks.”

 

Another week at old grindstone

 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”…