Saturday, July 9, 2011

The Devil in the Details.

The big picture can be tough nut to crack on the Venture Exchange when very critical pieces are being deliberately withheld. This time the picture cannot possibly be any clearer after comparing the old and krappy 43-101 from August 2009 to the new and improved 43-101 from October 2010.

While its obvious the later was copied very nearly verbatim from the former there are differences and glaring omissions. The "perched water table" has become "perched water tables", but the largest change is the disappearance of several sentences of extremely critical disclosure.

"Due to the karst nature of the skarn and host limestone country rock, this water table is persistent and difficult to model."

"The water table varies from 140 meter to 168 meter in elevation."

Finally the all important recommendation (and disclosure that the mine workings are below the natural water table) has gone MIA completely ...

"Initial hydrology modeling and possible drilling to determine best way to eliminate water from workings that go below current water table."

So whats the upshot here citizens? Its a game of pea under the walnut shell. Now you see it, now you don't. The first 43-101 could not sell ice cubes to the Inuit with that particular wording included, notwithstanding there is no hint of the missing Golder Associates study. The "new and improved" is much better in that uncomfortable verbiage is gonzo. Viola, multi-millions from dum dums unconcerned with the intimate details becomes readily available and the grotesque cost of the "new and improved" 43-101 from a new author, 13 months after the first, is money well and truly spent.

Tuesday, July 5, 2011

Burn Me Arse this Time, err again

After what seems like eons tracking this ridiculous promotion this monkey had thought it impossible to aggrevate the offensive insults being dished up ad nauseum.

Wrong again. In the face of months asking for answers to the questions even a child would ask this Company has managed to deny the obvious again ... and with unbridled gusto.
From the NEWS released today (July 5, 2011)

"There is much speculation, but few facts known about the groundwater situation in the mine."

Grrrrrr - a - fukkin Doodle !!!

How is it still POSSIBLE for this company to claim ignorance when there is an encylopedia of information about the water table issue at Nixon Fork, most of which contained in a report from professional ground water engineers that has been obviously and deliberately withheld from public disclosure for YEARS?

Spanked twice by the BCSC over disclosure issues already and does this group care one damn iota about another?

This promotion has gone from unbelievable to outrageously sickening. If this is an example of how easy it is to clearly and obviously chit on every rule in the securites book while getting filthy rich, well, WTF are the rules for exactly and why should ANYBODY respect them?

A stinging indictment of the Venture Exchange, the BCSC, and even the brokerages who have no problem turning a blind eye as long as it pays.

A body COULD NOT find a more blatent and outrageous fraud, yes fraud, against the public interest and this monkey has better than 25 years experience to draw apon to make that self-evident assessment.