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The latest MMTE buzz is that their concessions

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Post# of 958
Posted On: 03/12/2013 6:30:21 PM
Posted By: Kgem


The latest MMTE buzz is that their concessions are no longer listed because a fee for listing them may not have been paid. Really? Does this make sense to anyone?





Mammoth Energy's CLIL subsidiary was created for the sole purpose of managing MMTE's lithium concessions, so we are to believe this was a forgetful moment? Maybe Alzheimer's set in? Let's get real people.





If MMTE's concessions are not listed, it is more likely that the promises William made to get them were not met, and he therefore lost them. The concessions in the Maricunga are still listed on MMTE's financials, because this area is still in play. However, the Maricunga concessions are not in play because of lithium. Oh no. Instead, these concessions are in play because of potassium, which is found in abundance in the Maricunga. Do the players in the Maricunga need additional potassium concessions? Not likely. You see, enough potassium is currently produced by the major players to keep the market happy, and any additional production will likely lead to lower prices.





So maybe some of the new players want to corner the market on potassium? That might make sense, except for the fact that the Maricunga is rich in potassium, and additional concessions are not needed. Thus, MMTE's concessions, even in the Maricunga, are basically worthless.





This is a sad situation, but true.





And what about the argument that William does not completely control MMTE or the sister company TTXP? Well, William is the only real MMTE employee, and William controls TTXP. So who would William need to consult with? The answer is no one ---- no one at all.





William is in complete control of both of these companies, and can do whatever he wishes with each of them.












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