Re: met Dave today-delayed reaction.
in response to
by
posted on
Jan 12, 2014 10:29AM
'he said that they are in negotiations with the timber co. to try and secure the land deal and that he thought it was going well with them and hopefully have it resolved in the near future."
Hello Scott:
I finally decided to post my thoughts/comments re your Dave Dallas chat, and ask you to elaborate and comment.
It has been apprx. 18-24 months that Dave has been saying that the land acquisition was "imminent". Karen was saying this often to me and to others in the past on this board, but we dont hear much from her any more., and her regular callers including me dont seem to call her anymore??
I dont believe Daves pronouncements on the land matter any more : ...... "hopefully have it resolved in the near future."
I dont believe Dave anymore ..... (a heresy in the eyes of many PRB investors here).
Dave continues to be be vague and open-ended in all his timeline "estimates" ("near future"..... is now 18 months old). with regard to the land/wedge acquisition, to the detrimet of any accurate RE update and subsequent PEA release. Until the land issue is resolved, I dont think that the PEA can be properly costed : (Open pit; underground; both; staged; etc).
"hopefully have it resolved in the near future." is more bafflegab and obfusication which is covering up a major risk factor, with no end in sight.
Scott, did anyone ever ask Dave for a specific clarification with regard to the continued failure of the land aqisition negotiations?
I would like to hear from you and any others on this matter.
Peter