Here is an excellent post by "Longinvestor" over a
Post# of 9903
Posted On: 03/14/2014 7:03:44 PM
Here is an excellent post by "Longinvestor" over at the other place....
Sorry, I know some of what went on behind the scenes at the time of the suspension. Just for the record, Kinross did in fact sign a valid contract with SRGE to buy Cinco Minas. I would happily sign an Affidavit stating that a poster here actually posted PDF's of the contract at that time showing the signatures of the relevant people for Southrige and for Kinross. That post has since been removed.
If you go through Momraptor's posts from September 2012 I think you will see he posted PDF's of the five claims of Cinco Minas showing they were clearly registered in the Mexican Mining Registry with the PROPER official stamp on them.
The rest that know I wont comment on here publicly. I have already shared that information with those who I can contact privately and whom I trust and have consistently shown themselves to be a strong supporter of the company. Sorry, you don't fall into that group.
There are lots of if's and lots of but's going on here behind the scenes as well - lots of blanks we are waiting for the company to come back and fill in. I have run those by those who I am in touch with privately.
However, as someone posted earlier BGL does in fact own a Mexican registered company - so - why wasn't it that Mexican BGL company that contracted with SRGE to buy 60% of Cinco Minas. 60% was the EXACT same deal that TUMI had with MSJ. TUMI gave back the 60% as they wanted 100%. Why wasn't the legal action brought in BGL's Mexican company's name? As I keep saying - that's exceptionally poor legal advice and BGL really should sue their attorneys.
As for the mining - Cinco Minas is an open pit mine. That means they just dig up the ground, going deeper and deeper and take the dirt they dig up off t be crushed and gold extracted. They have also stated that they were going to develop underground operations last time they released any news about development about the mine.
Only 20% of the entire mining concession has been explored. I keep speculating that someone somewhere has discovered some kind of "super" vein and that is why everyone is still trying to get control of this mining concession.
Someone, somewhere knows what is really going on here. I'm looking forward to the story unfolding, and making lots of money when it does.
It's just a matter of when it happens. Not whether.
If you go through Momraptor's posts from September 2012 I think you will see he posted PDF's of the five claims of Cinco Minas showing they were clearly registered in the Mexican Mining Registry with the PROPER official stamp on them.
The rest that know I wont comment on here publicly. I have already shared that information with those who I can contact privately and whom I trust and have consistently shown themselves to be a strong supporter of the company. Sorry, you don't fall into that group.
There are lots of if's and lots of but's going on here behind the scenes as well - lots of blanks we are waiting for the company to come back and fill in. I have run those by those who I am in touch with privately.
However, as someone posted earlier BGL does in fact own a Mexican registered company - so - why wasn't it that Mexican BGL company that contracted with SRGE to buy 60% of Cinco Minas. 60% was the EXACT same deal that TUMI had with MSJ. TUMI gave back the 60% as they wanted 100%. Why wasn't the legal action brought in BGL's Mexican company's name? As I keep saying - that's exceptionally poor legal advice and BGL really should sue their attorneys.
As for the mining - Cinco Minas is an open pit mine. That means they just dig up the ground, going deeper and deeper and take the dirt they dig up off t be crushed and gold extracted. They have also stated that they were going to develop underground operations last time they released any news about development about the mine.
Only 20% of the entire mining concession has been explored. I keep speculating that someone somewhere has discovered some kind of "super" vein and that is why everyone is still trying to get control of this mining concession.
Someone, somewhere knows what is really going on here. I'm looking forward to the story unfolding, and making lots of money when it does.
It's just a matter of when it happens. Not whether.
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