Dont think they'll accept or reject the plan now. No need, they'll just check in 31st March to see if the promises in the plan have been fulfilled. And if the permit is granted before then, they probably will. (But I still don't trust the MDEQ, we'll see)
They can relist again after production starts. In the mean time stock price might be slightly lower than would else be the case since on OTC people can't use leverage/buy on margin with brokers like Scottrade and Ameritrade etc (but can still buy it there).
TLR is already on the Toronto stock exchange. Just relocate and make it a Canadian company, if Nyse delists. US has not treated it well, then good part of its future tax payments will go abroad. & hope the mdeq, forest service and nyse is satisfied..
You know quite a bit about this field. But I think they enter their parameters into powerful analytical computer software that make 3d maps etc and probably it's calibrated ok, they must have experience with it since very common to use that.
But Vance Thornsberry is a registered professional geologist with 35 years of experience. Worked as a geology consultant to many mining companies worldwide. + They have skilfull metallurgical engineers etc.
Seawells.There is about 10 gram per ton on average there. That means 10 times less tailings than the many 1 gram/ton mines operating around, and much lower costs. Tlr was a popular drilling company and thus professional estimaters of the ore's potensial according to the many drill results. You suggestion earlier that they somehow report false assay results destroy your own credibility
They are public SERVANTS. They live off taxpayers money. Their salary come from us.
Williams, sounds promising.. Telephones should now direct to U.S. Forestry Service and not MDEQ, as it is already stated that they are very slow. Tell them one of the few remaining US gold juniors now risks being acquired by Chinese or Canadian interests for a cheap price because of this filibuster process. Gold inside American bedrock to foreigners.
Sewell, TLR was a professional drilling company all the time until they sold the drilling division. Should for instance one of the best lunge specialists in the country examine himself if he get lung problems, or visit a general practisioner (i.e. 43-101)? Of course he use his own laboratory and expert knowledge. Same with TLR, they are (or were) experts, selling their expertise, drilling and analysis to numerous mining companies over the years. So I trust them more than a paper 43-101. It's like giving elementary piano lessons to Mozart. Superfluous.
They have promised TLR that final permission were imminent multiple times and then broken their word, lied, and pulled up new rabbits from their hat - endless row of additional papers and studies having to be submitted. He even admits to you they are very slow, so I'd have no qualm about interrupting their on job porno-surfing with a telephone.
The pain should be at that guy in the management who was clumsy enough to paint Tlr into such a corner. He's not a competent person. He is like those on this board who were against the selling of the drilling division at the top of the market in 2011 to get necessary cash, or those who complain on the stock offerings. Hadn't Tlr done all that then they would have gotten into this liquidity crisis much earlier.
This is not my fault, only trying to help, and i've earned much more on other mining shares the last days than the losses here.
...he can assess the risk of such a forward buy/loan better than anyone. (If he's so fortunate to have that amount of cash easy available of course).
Pre sell 2 mill $ of gold 30 % discount of the market price to Guill, he will then make guaranteed 600k usd profit when production starts, in addition, if the stock price increase 10 cent on that news, his 6 mill shares will gain 600k usd - in addition. If Tlr tighten the belts and fire a few of the too many directors it should last for 1 year. Ron Guil has permitted dozens of projects in Montana during his carreer in SMD. He knows the MDEQ and the persons there better than anyone and can assess the risk of such a che
Maybe Robert McEwen could be interested in giving a hand. With his huge personal wealth. He saved Minera Andes from extinction. He has mentioned many times the theme of being a white knight getting a stake into worthy miners in distress. Esp since Tlr has no debt and is close to permitting. In addition Lookout Mountain is very close to Mux properties in Nevada. This is pocket money for him.
I'm still grateful for the terrific run with 70k shares in Uxg (its former name) from 0,95$ to 9,5$ from December 2008 to April 2011. He is the absolute antithesis of Dennis Wheeler - very shareholder friendly.
'Man of his credibility'? I warned about him a week ago; Feb 6, 2014 11:41 AM
I'd warn TLR management against Dennis Wheeler. At CDE he was considered the most shareholder unfriendly CEO in business, after he finally left ,then only started CDE to show relative strength compared to other miners.
Hm.. Maybe for instance Ron Guill and Gene Arensberg each contribute 375k $ either as short term loan or new equity to keep it afloat since most agree that permit is imminent & hence protect their existing huge stakes. Less than the mortgage for a decent house!