/biz/ - Business & Finance

>>54948174
great analogy, I'm gonna remember that
>>54946191
My personal BHS saga:
>ask why they don't prove resource. Answer- they want to spend money on development
>ask how not proving the resource isn't evidence of a scam. Answer- you just need trust
>ask how relying on trust isn't a confidence game (con). Answer- it just isn't, ok
>ask why Ocean and not some local toll mill. Answer- big name prestige
>ask how big name prestige makes me money. Answer- investors love it
>Point out that ore sorter doesn't make concentrates. Answer- YOU'RE A LIAR!!!!!
>Point out that ore sorter doesn't use new X-ray magic. Answer- crickets
>Ask why they're not selling muck piles. Answer- they're waiting on the price of metal
>Ask why they're not mining at a loss instead of not mining at an even bigger loss. Answer- they're saving the metals for higher prices
>Ask why they said they're mining in 2018 and nothing happened. Answer- things got in the way
>Ask why they need a new mill when they already have one. Answer- state of the art new equipment
>See new mill, laugh my ass off
>Predict they're going to have trouble with wastewater permits and tailings disposal
>Couple days later they're having trouble with wastewater permits
>Announce they plan on selling tailings as construction material. I again laugh my ass off.

I've always agreed with you that it's probably a scam. I suggested it was probably a scam to silver a few times and he assured me nobody could be that evil, certainly not a sincere australian bloke in a cowboy hat.

I came very close to buying it anyways, because even a scam can make a person some money. But that thing about selling their tailings as construction material was over the top for me. That was just funny. Not even investor bait anymore, just a bare hook.

>>53381961
>>53381984
That's how I remember it too. We didn't see most of the results so I'm guessing it wasn't anything new.

they probably have enough ore from the historical documents to mine for a year or two. It would be nice to know if there's more down there.