According to one source we'll see something Tuesd
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Posted On: 01/28/2019 9:57:15 AM
According to one source we'll see something Tuesday, Jan 29th. Then Jan 31st is the audio interview they are touting. There are new images on the Mexus website under Santa Elena II showing prep work for a new blasting program on the Julio vein.
Signs point to a significant infusion of funds -- some probably from a round of PP subscriptions but I'd guess new funds arrived to get equipment moved back to Santa Elena and to sign a contract for more blasting - and rehab of a portion of the leach pad to get new ore under leach fairly soon. I see evidence of more money than Mexus could have obtained on its own. They also paid off a 100K short -term loan. Assume help from Itronics investors or principals.
So many missteps- we are now paying good money after bad to correct past mistakes. If the accumulated loses over the past 10 years had all been spent in one place first with a larger drill program and then a professionally done mine plan we would have been in production maybe six years ago.
No proof yet we have an economic resource. Looks like we're back to "go it almost alone" I don't think Itronics is going to be an operating partner -more of a promotion partner and maybe mostly to benefit Itronics. I anticipate dilution of our shares again since there are over a billion shares available in the latest authorization. The share count is such that nobody's holdings amount to much - even the 10 million and above shareholders have had their stake diminished by the present and future dilution. The max potential for this is down considerably from any share price we used to think of as attainable. One dollar- never unless there is a sig reverse split.. Recall 65 cents that was touted and acceted? Forget that one too. I don't know the max potential but it's probably in the tens of cents like 15 or 25 cents max in current share structure. Tha'ts still a penny stock and still OTC. And we have to get to one cent first so a very long way to go for most to see green with this investment.
Some are adding heavily at sub-penny to bring cost basis down. I'd say add but bail, when you get a double on the new money, added. Don't get greedy - take profit when you have it. Use stops on your new money and don't add to your losses.
I'm still looking for those 3 to 5 OUNCE assays we've heard about for nine years. I think now that was more marketing than geology as with much of Mexus to date.
Signs point to a significant infusion of funds -- some probably from a round of PP subscriptions but I'd guess new funds arrived to get equipment moved back to Santa Elena and to sign a contract for more blasting - and rehab of a portion of the leach pad to get new ore under leach fairly soon. I see evidence of more money than Mexus could have obtained on its own. They also paid off a 100K short -term loan. Assume help from Itronics investors or principals.
So many missteps- we are now paying good money after bad to correct past mistakes. If the accumulated loses over the past 10 years had all been spent in one place first with a larger drill program and then a professionally done mine plan we would have been in production maybe six years ago.
No proof yet we have an economic resource. Looks like we're back to "go it almost alone" I don't think Itronics is going to be an operating partner -more of a promotion partner and maybe mostly to benefit Itronics. I anticipate dilution of our shares again since there are over a billion shares available in the latest authorization. The share count is such that nobody's holdings amount to much - even the 10 million and above shareholders have had their stake diminished by the present and future dilution. The max potential for this is down considerably from any share price we used to think of as attainable. One dollar- never unless there is a sig reverse split.. Recall 65 cents that was touted and acceted? Forget that one too. I don't know the max potential but it's probably in the tens of cents like 15 or 25 cents max in current share structure. Tha'ts still a penny stock and still OTC. And we have to get to one cent first so a very long way to go for most to see green with this investment.
Some are adding heavily at sub-penny to bring cost basis down. I'd say add but bail, when you get a double on the new money, added. Don't get greedy - take profit when you have it. Use stops on your new money and don't add to your losses.
I'm still looking for those 3 to 5 OUNCE assays we've heard about for nine years. I think now that was more marketing than geology as with much of Mexus to date.
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