It appears I'm famous on Ifib as my last post was
Post# of 12259
Posted On: 12/02/2014 8:16:06 PM
It appears I'm famous on Ifib as my last post was nit-picked apart to the best of intellectual capacity of the poster. 
I digress, my apologies, let us get back to your post.
Exactly, at this point in time - it's up to Joel to determine whether this moves or not. We know the legal restraints holding the company back from processing the remaining ore in the Keystone, as well as mining & processing the Congress mine. Joel is working on getting the required permits / licenses to resume mining here - which is great! It shows a commitment to ethical business behavior, as well as reduces / eliminates the risk of further NOV's from ADEQ / MSHA down the road!
Now in regards to Ghana, IMHO I see no liability with the way Joel will be conducting business there. Going through a third party contractor eliminates the nationality requirement that Joel would be subject to if MNGG were to solely operate the mine on his behalf. I'm sure the third party company will get a cut of proceeds, but I'm sure the ounces retrieved will outweigh the costs! Ghana is known for it's vast gold resources - but also it's high national tax!
I saw this very same post propagated by one individual on ifib, it appears he may have been drunk on his cheap whiskey when he wrote that. Here's why. While it's true! By law the company can only purchase 25% of daily volume of the average of last four calendar weeks. - IF we are a Nasdaq listed ticker! Which we are indeed not...-yet at least
Please read the following document, attached for your reading pleasure:
page 3 "Volume of purchases" http://www.dorsey.com/files/tbl_s21Publicatio...020328.pdf
*Yawn* NEEEEXT!!!!
I digress, my apologies, let us get back to your post.
Quote:
After 41 million shares on the ask at .0001 with no bids, there can be no doubt current and potential investors are waiting on revenue. That will change everything.
Exactly, at this point in time - it's up to Joel to determine whether this moves or not. We know the legal restraints holding the company back from processing the remaining ore in the Keystone, as well as mining & processing the Congress mine. Joel is working on getting the required permits / licenses to resume mining here - which is great! It shows a commitment to ethical business behavior, as well as reduces / eliminates the risk of further NOV's from ADEQ / MSHA down the road!
Now in regards to Ghana, IMHO I see no liability with the way Joel will be conducting business there. Going through a third party contractor eliminates the nationality requirement that Joel would be subject to if MNGG were to solely operate the mine on his behalf. I'm sure the third party company will get a cut of proceeds, but I'm sure the ounces retrieved will outweigh the costs! Ghana is known for it's vast gold resources - but also it's high national tax!
Quote:
It would have been nice for the company to scoop up the shares today, but there are restrictions on open market purchases and I am not familiar with them
I saw this very same post propagated by one individual on ifib, it appears he may have been drunk on his cheap whiskey when he wrote that. Here's why. While it's true! By law the company can only purchase 25% of daily volume of the average of last four calendar weeks. - IF we are a Nasdaq listed ticker! Which we are indeed not...-yet at least
Please read the following document, attached for your reading pleasure:
page 3 "Volume of purchases" http://www.dorsey.com/files/tbl_s21Publicatio...020328.pdf
Quote:
With regard to over-the-counter securities not reported on Nasdaq, daily purchases
may be made of up to one round lot (100 shares or other customary unit of trading for
a security) or an amount which, when added to Rule 10b-18 purchases made during
the preceding five business days by the issuer and affiliated purchasers, does not
exceed 1/20th of 1% of all outstanding shares owned by nonaffiliates of the issuer,
plus unlimited block purchases and private transactions not effected through a broker
or dealer.
*Yawn* NEEEEXT!!!!
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