2nd qtr 10Q

While I’m  assuming one of  the  current  palaverations  will meet  scratch,  best  safer than sorrier.  I’m arranging  low interest newer  teaser   credit ( they’re  BACK…) to stretch on into  late  2015. Got  some nice   zeros%, 1.99% and  one  large  4.99% covering   increases  up to 20.99% expire  in  Dec.  Let em go  fallow  a while  and  they often return after  a  time.  My own little  fertile  financing ploy many  think stupid and   laugh online  but  always  worked  thus  far.  In case it ‘s  deemed  go alone as best plan I’m prepped.  And  yes, new  Sept home  equity  refinance   4.15% from 2008  6%   lopped  $350 off for  a  15 year  not  old  30 year  loan with mortgage interest  deduction.  Allowed  a  bunch of  the  low pps placements  since  Jan to accumulate certain a  rise  to even .05  clears  all. One  decent  agreement PR home  free. If  not it  gets me  to Dec  2015 still manageable.  Uses  other people’s  cash to hit  the  long  baggers as  always. Not  recommended  for all as  I am assured  we’ll survive  any  hit and  come  out  other  side  as ever. Not be  long  until can say 2014  was   biggest  opportunity since  Oct  ’08!

 

Fiscal year   starts  April 1.  When  it  says San Felix JV  was  sold  fourth qtr is  then correct  as  in 2014 a  bit odd.  This is interesting  now that   Atzek bought   us  out! No Silver  Pursuit   in  the  statement

“In March, 2014, we sold our 50% interest in the Joint Venture to Atzek Mineral S.A. de C.V.”

 

Not  much said of  ongoing  dealings   but   14,825,000 shares  were issued  in the  Oct 1 – Nov 19  period.  Reflects  the  declining PPS with still need  to raise  funds.  Loss per share  a  tiny  2/10 cent   reflecting  ops  shut  down in negotiations.   Can see  the URES 40%  split  now  over  as  of  July  with  just  $50K required  to take  the  leases after  5 years.  Accumulative  deficit  $15,717, 804  in  5 years since  Oct  28, 2009.

Still see that  wide  Hectares  vary  from Lemas   2102 1,340 to SEC docs  4000 estimate.  I’d use the  4K . Thing  simply  awaits  a  partner to move  fwd any  time  soon.  Just  a  What’s  new, 10Q?

There’s been no real drilling  program recent. Was  said  108′ submitted  but was  older  logged  stuff  sitting  around I imagine  to have  some  licensed  report  of  content. Any decent  mine  or  miner  can assay for  own intents and  is always ongoing to assure  digging  and  milling, heaping, floating  ore in  right  spots.  If Miner Big takes  the  JV will not be  needing drill hole  proof  for  any  financing  I’d  wager  just  for  proper  course  of  action in mine plan. PT could  tell them that  in  bout 30 minutes slow  talking and  driving.

Brokerage will not allow  same  day  ask and  bid or  are  warned in linked  accounts    but  is  always possible  to sell  one  day down and buy next  day still down.  UN linked  acts  they can’t  really  tell who’s  who. Even online  trades under   a few  thou, fee is  killing  you both sides in the  pennies. Means  sell small and  buy  BIG! Lotta  effort so always best  to take  advantage  someone’s  stupidity   like  Obama’s  WH thinks. 8

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