Nothing written or implied on this blog should be taken as investment advice, an inducement to buy or sell securities, or anything other than the insane ramblings of an anarchist sociopath who dreams of a dystopian future where giant wardroids drive over piles of human skulls.
Tuesday, October 2, 2012
Korelin interviewunt Pontius Corvum ed Edwardus Lupakoi
1. Here's Korelin interviewing Jeff Pointius from KOR.
Basically they're drilling some holes and stuff. Pontius doesn't give good interview.
2. Here's Korelin interviewing Eric Edwards from LPK.
Edwards seems to admit now that the only reason they bought AAG was cos they were shut out of capital markets with everyone else, and unless they bought AAG they'd be out of cash by December. Like I said. Now they're "cashed up for 2 and a half years".
Also, he calls Invicta "compelling", so he probably did talk to Victor Jaramillo about it. Like I said. (Or he's making it up of course.)
And it sounds like LPK's going to sell the Southern Legacy shares. Or at least he's going to "maximize value" of them, and I don't see any other way to "maximize value" in that property if what Otto says is right.
Anyway, they've started drilling A2 thru A4 last month. He says it's a "key news driver within the next month to six weeks." He says "we have every expectation, on a geologic and scientific basis, to believe that [...] we've got another similar-sized deposit on the Crucero property" in the A2-A4 zones.
So don't turn your back on them, Otto! Don't sell them!
You neither, mister Lupaka Warrants!
It's goin' to da moon Alice! To da moon I say!
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4 to 6 weeks? ugh, that means 6 weeks.
ReplyDeleteAnd as Korelin is a jerk and i refuse to listen to him, did EE really say "cashed up for 2 1/2 yrs?" TWO and a half? $12m in wking cap for 30 months? I betcha now, another raising 4q13 latest.
EE did say it. Listen to the recording. He said AAG has $13.5 million actually ....
ReplyDeletethere's a difference between cash at bank and working cap. NewLPK has (had) 13.8m cash in fact, but working cap is the number that matters
ReplyDeleteTheir own $4M is gone by Xmas, no?
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