Barrick needed an alibi to keep stealing cash from unsuspecting public investors.
Everyone would think that Barrick had been checked on title.
In all due respect to public record, please visit the charade of maps delivered by barrick to Silver Wheaton regarding presentations to SAN JUAN ARGENTINA 2009 - III Region Chile.
Confront the same with Official information at www . minapascuachile . com showing clearly the maps from the SERNAGEOMIN and Military Institute of Chile, both border authorities.
Finally some real maps to realize how pathetic are the lies of Barrick to SEC.
Financial terrorism at its best.
The last bastions of huge corporate fraud from the MADDOF WORLDCOMM ENRON BRE-X +++ era.
Barrick is 100% guilty of rampant fraud to SEC and the public, banks, exchanges worldwide.
Excuse me lady
your beloved crooked investment is at risk
Short a stock? that is foolish or crooked or both, perhaps a way of life for some.
My role is to forensically demonstrate that Barrick is a criminally oriented organization, milking its PASCUA PONZI SCHEEME.
What is your role here?
defend the undefendible?
shutdown the messenger of truth and record?
sorry lady, you have been taken by Barrick
If your 100% certain, shouldn't you be buying up as much MWR stock possible? - with only 7,390 shares in MWR traded today, it's doesn't look like many people share your view of certainty.
Why don't you call MWR and buy into their need next financing? It seems the company is collecting $1million for a due diligence PP with warrants. There's also another PP upcoming for the option agreement and working capital, possible $2.1+ million.
Maybe everyone is trying to invest through the PP with included warrents?
How far has everuyone deviated from the issue at hand.
Barrick abused SLW to try to legitimize its PASCUA LAMA farce.
Like Royalty Nuyers who knew they were buying the hole of the doughnut.
anything to legitimize ABX activities
If MWR is able to market cap Pascua once it is able to legally yanks the asset from ABX, then it shall finance itself.
With the Copper, with 1/10th of the Silver no need to deep in in the 18 million ozs. of Gold
Why would you feel the need to post your opinion that based on $.65 x 3 billion shares to exercise to option could be a reality? You obviously have a lot to learn.
Your comments prove you are bias against MWR and what they are doing or you are completely ignorant and lack the knowledge to make such comments.
Regardless, you are one investor on here with your opinion and I will be less inclined to take your opinion into consideration. You would be best served to stick to the facts.
I didn't post it as a reality. I offered a logical supposition if MWR decided to exercise the option. Companies usually raise money by issuing stock or bonds, but for speculative ventures bonds would prove very expensive, the interest rate exorbitantly high. I supposed that they would issue stock to meet their $1.9 billion exercise payment.
The facts are:
1. MRW has a potential option agreement with JL for which they will pay $3 million (the advances will count toward the total payment) if the exchange agrees.
2. MRW needs to finish the DD on the potential option agreement and are issuing $1 million private placement to effect this DD.
3. MRW needs to meet certain working capital requirements and debt reduction in order for the exchange to approve the option agreement. MRW says that they will issue other private placements for an unknown amount at this time, but at least $910,000 for the debt settlement and $2.1 million to pay for the options agreement and $? for working capital for at least 6 months.
All of which is subject to exchange approval.
4. If all the above happens and MWR decides to exercise the option to acquire 50% of JL's mining claims, they will need at least $1.9 billion to do so.
Those are facts.
You neglected to answer the question of where the money will come from to exercise the option if MWR will not issue more stock. It can't come from production from the mine as PF suggests because MWR will have no ownership interest until the option is exercised, and the option will not be exercised until the money $1.9 billion is paid to JL.
So, if I am completely out of line as you suggest in making the supposition that MWR will need to raise money, please answer the question. Where will MWR get the money to exercise the option if not by issuing stock?
Please back your answer with facts if available.
Sorry for a second reply, but I just got the giggles about you calling me a basher.
I think you have forgotten that you are posting on the ABX message board. I think technically that PF is actually the basher.
Your assertion that MWR will need to issue 3 billion shares plus another 3 billion warrants in order to raise the required funds to buy into the option is what is out of line and consistent with a ABX troll.
Once MWR gets exchange approval and ABX is stripped of the assets they say they had and pays Mr Lopehandia for the option agreement, how much do you feel this option agreement is worth? Remember we are talking 18 million ounces of Gold, 700 million ounces of silver and 650 million pounds of copper?
MWR has 47.84 million shares outstanding.
Do you still feel MWR share price will be $.65 as you so innocently suggested?
This is what I’m referring to as “get real”.
The price of $.65 a share and the fact that MWR is selling warrants with the private placement shares are from MWR press release dated April 15, 2011. You can see the press release at www.sedar.com.
"Mountain-West announces a non brokered private placement in the amount of $900,000 (the
“Due Diligence Private Placement”). The Due Diligence Private Placement will involve the
sale of units at the price of $0.65, with each unit consisting of one share and one share purchase
I just don't make this up. I am taking MWR's word for what they think is the value of their stock. Note that they increased the amount of shares in this private placement after the April 15th press release.
Then from their press release of July 4th:
"Each Debt Settlement Unit will be comprised of one share and one share purchase warrant with each warrant exercisable to purchase a further share"
So it seems to be their practice in their private placements to offer 1 share and 1 warrant as a unit. The terms of the additional private placement for working capital and funds to purchase the option agreement have not yet been announced.
The worth of the option agreement has already been established by MWR and JL at $3 million. The worth of exercising the option agreement has already been established as 7% x 18,000,000 x Price of gold. (At this time approx. $1.9 billion.)
If you are asking how much the underlying asset of 50% of JL's claims is worth, I don't know; but it doesn't matter. If MWR does not raise the money to exercise the option, they won't own it. You seem to be insinuating that the worth of the underlying asset will somehow pay for itself. That's like me contracting to build a $10 million house and when asked how I'm going to pay for it, I answer, "Do you know how much that house is worth?"
I agree that MWR has 47.84 million shares outstanding at this time. After the private placement, they will have 1,001,850 / .65 = 1,541,308 additional shares, plus the same amount of additional warrants that can be converted to shares. Then the debt payment issuance is both shares and warrants, too. They are also obligated to make a further issuance for the payment $2.1 million to JL for the options agreement plus working capital, but the terms for that have not yet been set. So how many shares are going to be issued just to put the options agreement in place? You do the math.
I see you again failed to answer how MWR is going to finance the $1.9 billion to pay for exercising the option. MWR does not have $1.9 million at this time, and must get it somehow. If you don't know how, just say you don't know, but if I were a stockholder, it would be a question I would be asking MWR management.
I am very real. How will MWR finance exercising the option agreement if they do not issue more stock?
Please answer the question. I've asked you politely multiple times yet all you give me is evasion and accuse me of trolling (albeit I don't think that is possible since this is the ABX message board and not the MWR board). I will continue to be polite and I will continue to reference my sources. You may call me names if that makes you feel better about your investment, but it doesn't answer the salient question, which you seem to be avoiding like the plague.
Just because MWR wants to do a PP at $.65 to raise $1 million does not mean they will have to do another PP at $.65 to raise $1.9 billion as you suggest in your above comment.
Just because MWR and JL agreed to $3 million as the option agreement buy in price does not set it value as you suggest in you above comment.
Your logic is not reasonable which makes you sound like an obvious ABX troll or a very poorly educated investor.
How much is 50% of 18 million ounces of Gold, 700 million ounces of silver and 650 million pounds of copper worth? $25 billion+ at today's prices sounds reasonable. MWR will have the ability to aquire $25 billion+ for a price of around $2 billion. This makes the option agreement very valuable and you mtstack an idiot. Having an option to one of the biggest gold mines in the world will attract attention. MWR share price will be a lot higher then $.65 as your worthless opinion suggests. I bet you wish you had that deal, I bet you would go and sell the agreement to the highest bidder for a heck of a lot more then you payed for it (not to say this is what MWR would do). For all we know MWR may already have a finacial backer in place or maybe MWR knows, like any real investor, that their share price will be a lot higher after owning an asset for a 50% option agreement.
mtstack2000, you still think MWR will issue 6 billion shares, what a joke, get real, you're not an investor with a comment like that. More like a paid protectionist or an ABX troll. Time to change your handle.
Your comment that MWR will need to issue 6 billion shares is moronic. Your comment that the option agreement to one of the most valuable Gold/Silver/Copper mine in the world is only valued at what MWR and JL priced it at it moronic.