From reading that PR, I suspect PT is getting ready to bail. He’s been trying to find a JV for Elena for years. So what’s different this time?
Argo bailed after drilling, and MarMar was a total fiasco, and after many years, Mexus has not been able to show much gold recovered after spending over 30 million dollars.
The dangling carrot was always the mega rich Julio vein that for some unknown reason, they were always saving for last. Lol
Who does that while struggling to keep their operation afloat by taking out constant toxic loans? It was bullshit from the get-go and hyped and promoted by a few longs with big Mexus holdings.
5 person board of directors? More BS in my opinion.
That Pr was put out to help the toxic lender dump his conversion shares, which is exactly what happened yesterday.
I would watch for PT possibly getting rid of a portion of his holdings also.
That note should be about done after today.
Hoping for a buyout but not expecting one. Better chance that PT accepts some lowball offer and tries to sell it as a great opportunity for Mexus shareholders like he did with the reverse split, which was echoed and promoted by those same longs who should have known better.
I don’t believe a word he says after he got shareholders to get together and pay off a massive note a few years ago by promising not to take out any more toxic loans and then took a new loan out 5 days later, and has taken out many more since then.
Yesterday’s PR is not the first time he has said he’s entertaining offers on Elena. It’s been used multiple times. Now he’s got people waiting on the dangled carrot again, til the end of April to see if Irmex, who he’s already previously announced as partner signs a definitive deal. Irmex who nobody can find any information on despite scouring the Internet.
Even if they do sign the deal, it’s most likely a 10% royalty on Mable which is rumored to be a property with about 12-15 million dollars worth of gold, and that’s with 100% recovery, which doesn’t happen.
All of this post is just my opinion, but I think we are screwed.
Argo bailed after drilling, and MarMar was a total fiasco, and after many years, Mexus has not been able to show much gold recovered after spending over 30 million dollars.
The dangling carrot was always the mega rich Julio vein that for some unknown reason, they were always saving for last. Lol
Who does that while struggling to keep their operation afloat by taking out constant toxic loans? It was bullshit from the get-go and hyped and promoted by a few longs with big Mexus holdings.
5 person board of directors? More BS in my opinion.
That Pr was put out to help the toxic lender dump his conversion shares, which is exactly what happened yesterday.
I would watch for PT possibly getting rid of a portion of his holdings also.
That note should be about done after today.
Hoping for a buyout but not expecting one. Better chance that PT accepts some lowball offer and tries to sell it as a great opportunity for Mexus shareholders like he did with the reverse split, which was echoed and promoted by those same longs who should have known better.
I don’t believe a word he says after he got shareholders to get together and pay off a massive note a few years ago by promising not to take out any more toxic loans and then took a new loan out 5 days later, and has taken out many more since then.
Yesterday’s PR is not the first time he has said he’s entertaining offers on Elena. It’s been used multiple times. Now he’s got people waiting on the dangled carrot again, til the end of April to see if Irmex, who he’s already previously announced as partner signs a definitive deal. Irmex who nobody can find any information on despite scouring the Internet.
Even if they do sign the deal, it’s most likely a 10% royalty on Mable which is rumored to be a property with about 12-15 million dollars worth of gold, and that’s with 100% recovery, which doesn’t happen.
All of this post is just my opinion, but I think we are screwed.
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