Multi-Metal Company Exploiting Prominent Ontario Regions

Significant new gold discovery on surface at Loveland (11.48 g\t gold) over 400 meters away from the only other known gold zone (6.37 g/t over 8.55 m & 10.39 g/t over 3.1 m)

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Message: Re: Assay results

Aug 20, 2008 05:45AM

AGORACOM
Aug 20, 2008 05:53AM
1
AGORACOM
Aug 20, 2008 09:20AM
3
Aug 20, 2008 11:00AM

Aug 20, 2008 11:12AM

Re: Assay results

in response to by
posted on Sep 01, 2008 04:08PM

Hi Agoracom,

Thank you for taking the time to look after us investors and the companies you represent. As a frequent visitor to many of the sites you represent, I would like a few things clarified.

Considering the question of why no drill results have been released from winter/spring drilling and that Amador responded with:

"As you know we are not in the practice of reporting on a ‘hole-by-hole’ basis, but rather on complete drill programs. Toward that end we anticipate having enough data to report on the recent drill programs within a few weeks. As always this estimate is contingent on the labs supplying information to us in a timely fashion. Given current marketing conditions, and how stocks in general have responded to news this summer, it may turn out to be fortuitous to have news disseminated in September rather than August"

Question for Amador:

Why were the investors not privy to the info that AGX wasn’t going to release the drill results after completions of phase I of the Ajax (first 20 holes)? In the releases we were lead to believe the drill results were due in within weeks and yet quoted above we now receive the info"As you know we are not in the practice of reporting on a ‘hole-by-hole’ basis, but rather on complete drill programs.”?

Phase I on the Ajax property was complete (first 20 holes), so they may wish to clarify this statement. On top of this, directors and insiders of the company began selling their shares mid May while we waited for these pending drill results. I wish the restrictions on the junior resource market were tighter as in my opinion this was pushed way beyond the grey area.

Questions for Agoracom:

When a company IR’s through Agoracom, is the company accountable for the information they diseminate through the site or is this just another Bull board?

I am truly disappointed/frustrated with this company and what I’ve seen transpire over the last 4 months. I realize the market itself has been rough, but there was no need to trick the little guys to hold the bag while those in the know sold.

One question for the investors.. has anyone ever seen a case where a company has delayed/with held results after clearly indicating that assays are pending.... then directors/insiders sell... then multiple PP's... while the share price falls.... and then the results come back better then expected? If so, would this not cause a huge issue with the legalities of the Exchange and the company? If so, was the company sued or fined?

I know.. I know.. welcome to the junior resource market..!

Quaz

See below for included notes:

May 6, 2008 Executive Address on Agoracom (rough quote):

Ajax property section “a lot of drill holes that will be published in the next 3 to 4 weeks”

May 12, 2008 news release:

“More than 20 holes have been drilled at the Ajax property and over 5 holes drilled at Loveland. Assays are pending for both properties. Assay results are delayed because of the high volume of assays being processed by the laboratories.”

Jul 17/08

May 18/08

Montgomery, Joseph Hilton

Direct Ownership

Options

50 - Grant of options

100,000

$0.220

Jun 27/08

Jun 19/08

Campbell, Alan Duncan

Direct Ownership

Common Shares

10 - Disposition in the public market

-53,000

$0.210

Jun 18/08

Jun 11/08

McDonald, James

Direct Ownership

Common Shares

10 - Disposition in the public market

-15,000

$0.230

Jun 17/08

Jun 10/08

Campbell, Alan Duncan

Direct Ownership

Common Shares

10 - Disposition in the public market

-25,000

$0.240

Jun 03/08

May 28/08

McDonald, James

Direct Ownership

Common Shares

54 - Exercise of warrants

100,000

$0.200

Jun 03/08

May 11/08

McDonald, James

Direct Ownership

Warrants

54 - Exercise of warrants

-100,000

$0.200

Jun 02/08

May 16/08

Campbell, Alan Duncan

Direct Ownership

Common Shares

10 - Disposition in the public market

-25,000

$0.250

Jun 02/08

May 16/08

Campbell, Alan Duncan

Direct Ownership

Common Shares

10 - Disposition in the public market

-28,000

$0.250

Jun 02/08

May 15/08

Campbell, Alan Duncan

Direct Ownership

Common Shares

10 - Disposition in the public market

-32,000

$0.250

May 29/08

May 28/08

Evoy, Lynn Willard

Indirect Ownership

Common Shares

10 - Disposition in the public market

-15,500

$0.225

1
Sep 02, 2008 04:35AM

Sep 02, 2008 07:48AM
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Sep 02, 2008 11:28AM

Sep 03, 2008 07:28AM

Sep 03, 2008 11:15AM
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