|
Post by venturous on Feb 2, 2009 11:15:17 GMT -5
So, we have a copper mine and we have some traces of silver lying around Pasacancha. We have very little money left. Does anyone believe that management will communicate with us about their plans in the near future? ven
|
|
|
Post by jdc1 on Feb 2, 2009 11:53:17 GMT -5
Someone better start talking soon.
|
|
|
Post by trainboy on Feb 2, 2009 14:38:24 GMT -5
Well, it seems that Duran will have to raise cash from somewhere. The SP is down because nobody wants to buy anything and demand for base metals has tumbled. This will lead to a cash burnout for Duran soon. I wonder if they'll try and issue more shares to raise cash? What else can they do?
Trainboy
|
|
|
Post by venturous on Feb 2, 2009 16:10:03 GMT -5
The real question is, if they cannot raise capital to continue drilling in areas such as Santa Rosa, or if they give this as much attention as they do their shareholders, then is this company shelved and do we all lose our investment? Until perhaps when someone else resurrects it under a different name and share structure.. Ven
|
|
|
Post by pasacancha on Feb 2, 2009 16:32:51 GMT -5
More communication would be nice. However, I believe this company has a strong core group of heavy investors that are not going to let this project fail no matter the current copper prices.
|
|
|
Post by caveman on Feb 2, 2009 16:57:27 GMT -5
i see that ven posted a comment on agoracom to ir that we want some communication so everyone who agrees go over there and give your support.
|
|
|
Post by venturous on Feb 3, 2009 11:47:59 GMT -5
Well, it looks like agoracom was finally pressured into sending a message to George. Amazing how you have to beg them to do what they are getting paid to do. Thanks to a little prompting by Trainboy! Well, any bets that George will respond? He is probably figuring out ways to wrap up the company and shelve it for future use..
|
|
|
Post by caveman on Feb 4, 2009 14:56:42 GMT -5
here is your response ven
Dear Interested Parties
There are very clear reporting guidelines for all public companies for financial reporting.
Our cash position is a significant part of these financial reporting guidelines.
Quarterly financials need to be filed on SEDAR within 60 days of the end of a quarter.
Our September 30, 2008 financials have been filed as per these guidelines and highlights were news released on December 1, 2008.
September 30, 2008 liquid assets were $3,010,480.
$1,496,876 of this amount was the September 30, 2008 due from Peru Joint Venture partner, MacMillan Gold Corp. which was eliminated at the October 31, 2008 amalgamation date.
$1,000,000 in cash was received on October 31, 2008 from MacMillan Gold Corp. representing the minimum matching working capital.
December 31, 2008 is the fiscal year end for Duran Ventures Inc.
Financials to December 31, 2008 have to be audited and SEDAR filed within 120 days from December 31, 2008, which is by April 30, 2009.
These are currently being prepared for audit this month.
The company has taken numerous steps to reduce our burn rate in recognition of the poor current markets.
The most significant has been the suspension of drilling in November at the Aguila Copper-Moly Target (December 3, 2008 news release).
All 14 diamond drill holes into the Aguila have reported very positive results (January 5, 2009 news release).
Our B permit was extended to January 2009 to complete Hole 4B at Pasacancha (December 18, 2008 news release).
Pasacancha Hole 4B was the first diamond drill hole successfully completed into the Pasacancha Silver-Lead-Zinc Target (January 26, 2009 news release).
The results were positive and indicate that the Pasacancha has the potential to host a large mineralized body.
The company has been granted a C permit which is valid for 2 years from initiating which must be within 12 months or by November 2009 (December 18, 2008 news release).
The company is doing field work to identify additional Aguila style targets including the Aguila East Target on our 11,000 hectares of exploration ground (January 26, 2009 news release).
The Company has current plans to complete an IP survey to cover the 2 km area of interest between the Aguila Main Target and the Pasacancha Target.
The Company also has current plans to continue to advance the Pasacancha Target based on the positive results of Hole 4B.
More information will continue to be made available to the public when deemed significant by the Company.
Regards
George A Brown CEO Duran Ventures Inc.
|
|
|
Post by venturous on Feb 4, 2009 16:39:02 GMT -5
Thanks Caveman...
Time for another poll!!
ven
|
|
|
Post by venturous on Feb 10, 2009 16:06:05 GMT -5
So, today is the 10th of February. DRV closed at 13 cents, a drop of 23.5%. About 407,000 shares traded hands, many shares by the same brokerages. It looks like someone seriously wants out of this stock. I hope they don't have inside information. Anyway, how low can this stock go? (I'll answer my own question- No PP or JV with a large legitimate company, and it could hit less than 5 cents). ven
|
|
|
Post by venturous on Feb 11, 2009 9:42:14 GMT -5
200,000 shares traded for DRV in the first 7 minutes today (11th of February). Could someone be trying to dump? hmmmm Unfortunately for some of us, we got in so high, that this would amount to a massive loss. Might as well hold for the distant future! ven
|
|