Due dates fall short
posted on
Dec 29, 2011 08:39AM
(Edit this Message from the "Fast Facts" Section)
I attended the SHM and we were told expected completion or start up dates for projects.
1. Smelter, Lab and Vault....November 15, 2011 .... Now RK tells me mid January. Its been a dry winter too. Global warming..we're all going to die.
2. Lease payments to GHDC, beginning of January, 2012...now it has been postponed for 9-18 months.
3. Expansion of mill building.....end of December, I don't even think they have started on it.
4. January, 2012...filing of NI43-101 I am curious to know if this will happen in January or a later date.
5. Drilling within the Sinker Tunnel, March 2012....no word on the contractor to perform the job.
6. As soon as revenue pours in, buyback plan begins. No word on revenue amounts or buyback plan. We will have to wait for the statement in Feb or March to know. BTW, we all saw them pour dorebars. So gold and silver is being extracted. Where it is going and for how much are the mystery questions. I have been told...we are keeping it a secret because more claims are being filed and for security reasons. I can accept those answers.
7. Assay results are being posted monthly....3-6grams per ton of gold.
RK tells me all financing is in place and we are ok. Its killing me to see the stock at .04, knowing WEM is a cash cow.
No word when DQ will step down while being replaced with a mining engineer or another expert in geology.
Next questions: Are we heading into the .03 range? Are gold hedge funds selling off?
Anyone want to chime in...be my quest.