When the dust settles at Pascua's "dust storm caused by ABX reporting false material facts regarding its largest single Gold - Silver Ciopper asset in its crooked books".
SEC and TSX should be getting ready to knock Barrick's doors down, alongside IRS and Interpol
It will be fun, looking at pseudo Gold barons run away from the law... there will be chases indeed as patriotic volunteers locate the escapees... a la "OJ scapade"...
These crooks milked and bilked Barrick and the system 1996-2011 and have NOT DELIVERED one gram of Gold at Pascua Mine, Barrick's largest asset.
Why? why close a USD40 oz "due to low Gold prices", invent Gold under the Glaciers? invent LAMA? why Barrick why so many lies and fraud and so little yellow metal?
Barrick does not own its PASCUA LAMA PROTOCOL properties as filed in Chile and Argentina.
Such lethal fraud, has Barrick at Pascua from the very far outside... looking as Pascua dissapears in the horizon for ABX at 2011.
Serves them weel for crooks.
Peter Munk, your time of reckoning is here! now!
And further more from same MD&Y...
On about February 1, 2010 the Company entered into an oral agreement with Mr. Lopehandia and since February 5,
2010, the Company has been advancing money to Mr. Jorge Lopehandia, primarily to fund his litigation efforts to
establish his ownership rights to the Chilean portion of the Pascua Lama gold-silver claims currently under development
by Barrick Gold Corporation. As of October 31, 2010, the Company has advanced a total of US$306,761 to Mr.
Lopehandia. Subsequent to October 31, 2010, the Company has advanced an additional amount of US$274,428 with the
last advance being made on December 17, 2010 in the amount of US$75,000. Accordingly, as of the date of this
MD&A, the Company has advanced an accumulated total of approximately US$581,189 to Mr. Lopehandia. For such
financial assistance, the Company expects to obtain either (a) an interest in the Pascua Lama property if Mr. Lopehandia
is successful in proving his ownership rights to the Pascua Lama property, or failing such, (b) an interest in another
property in which Jorge Lopehandia has an ownership interest with all payments made by the Company being credited
to the acquisition price.
The Company is in the process of negotiating with Mr. Lopehandia for a written agreement relating to this project.
Mr. Lopehandia has also been investigating the availability of properties of merit in Chile on behalf of the Company.
Looks like MWR was scammed out of a few dollars by Jorge. Go Jorge go :)
There is so much more about MWR at their virtual website. I need to find someone to research and publish the full MWR story for all to see.
I can hardly wait to see what else the current major players have been involved in. The reading will be tres tres interesting I expect :)
MWR's management is probably hiding the fact they squandered $1,000,000 of their shareholder's money on Jorgey Boy with no written agreement or statement on what this money was to be used for. Jorgey Boy again failed to provide any evidence against ABX that can stand up in a court of law and now MWR has nothing to show for their efforts other than a $1,000,000 hole in their books. If it was otherwise, why is there no agreement with Jorgey Boy or a press release from MWR announcing legal action against ABX? Also, why is ABX still trading while MWR has been halted for over a month if this "evidence" and documentation against ABX is so damning?
No case against ABX here boys. Expect a lawsuit against MWR and possible bankrupcy after the shareholder win their case against MWR's management for fraud and mis-management.
MWR has been around since 1971 and still has only 48.6M total shares with a market cap of 36.4M.
A tightly held undiluted company would be my first choice if i was vending in a world class deposit Gold Silver.
The money will come once the deal is done!
Meanwile you and Winnipeg boy can keep rearranging the deck chairs on the Titanic!
You should allow the TSX and SEC to make that determination.
If MWR makes a deal with JL then i would say MWR shareholders are in a pretty good position.
ABX shareholders are looking at Pascua Lama ownership issue regardless.
Here, I'll help you out:
MOUNTAIN-WEST RESOURCES INC. ("MWR")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: April 18, 2011
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated April 15, 2011, effective at 8:52 a.m., PST, April 18, 2011, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the proposed transaction pursuant to Exchange Policy 5.3, Section 5.6.
You ignore point.
Barricks deals are all above board written agreements available for all to inspect.
MWR deals are all verbal and worse yet are agreements to agree which is nothing.
Barricks operats like typical multi billion dollar corporation in open and transparent manner.
MWR is suing dead CEO's estate, setup verbal deals and operate without transparency. Anyone doubting should read MWR virtual web site and just see what kind of cr*p these guys have pulled. And I've only looked at less that 2 months of news releases. What will I find when I go back 2 years, 5 years and 10 years? And BTW, why do I have to go find virtual web site for MWR? Why do they not do as 99.99% of legit companies do and provide easy to use website to read about company? What is MWR hiding?
Besides, MWR is by own words snitches to IRS. Who would ever trust snitch to tell truth. I would not!!
As I read it, it did not say they needed to raise capitol,it said they needed the funds which I interpret to mean right now. Otherwise,anyone could do what they did and just say"I'll get a loan or dilute my company to get the money" and besides Mr.brain,MWR would need a lot of money to develope these mines,not 1 million dollars. Are you shorting or just a civic minded citizen like Pascua foreskin,or are you his lackey?