Quote:What has been done . He reduced the shares. Ok it's still above where it was before he took over . Only thing that s for sure s the removal of the chill what else has been proven please show me . Debt is down prove it. It's all what has been SAID with no concrete proof
Quote:What has been done
1.) Joel restored the contract between Panos & FNMC. He has since been processing mineral concentrates from the 80,000 ton stock pile of ore up at the site. 6 days a week. - We will soon see the results from the fruits of the labor from Keystone.
2.) Joel successfully secured a 50 acre claim in Ghana, with proven test holes showing .60 grams per gold of each ton. We know there is a $32,000,000 valuation of the Ghana claim. We also know per MNGG's twitter feed, that from each 500 tons of ore processed - around %27.30 goes towards operational costs. We know that Joel is planning on renting 4 excavators for the claim to increase daily production to 700 tons per day, at a total rental cost of $45,000 per month. Granted, with 4 excavators up and running on the property - the earlier cost percentage is bound to increase some, but in return production to market times should increase..
3.) Besides reducing a chunk of the O/S that was diluted over the course of Joel's tenure, we know based off the last YTRV fins & the last submitted fins that the debt has been brought down significantly from 3.1 million to at one point - under 500k, now has been reported by Joel on the board that the debt is under $600k.
Pretty soon, we should be getting a PR in regards to gold sales & the business plans for 2016, along with the yearly financials. If Joel decides to reduce the O/S down to 5 billion and or reverse, and restore liquidity back to the stock - what will be said then?
I see opportunity here. Anyone who thinks otherwise is more than welcome to trade Joel their certs or put their shares up for sale at .0001-.0002. I'll be more than happy at this point to buy them when I can.
$MNGG
