ATV 27.1% 5.1¢ activeport group ltd

atlantic gold getting ready to shine, page-17

  1. 1,785 Posts.
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    I am quite happy to stand by the statements made that resolution of the titles issues is likely by the end of January as stated by my contact who is regularly talking with Wally Bucknell to keep abreast of all the latest developments.

    There is no guarantee that they will be resolved by then because you can never be certain when dealing with Governments regarding exact time frames.

    I find it somewhat bizarre akkopower that you are making numerous comments about Wally Bucknell and yet you have never spoken to him so you have no idea about the character of the man and his philosophies regarding gold exploration and the potential of the Meguma Terrane.

    Your understanding of the cochrane hill issue is weak and Atlantic Gold are not concerned about it, you should do your own research on Steeple Holdings.

    The big picture essentially is that Touquoy is just a stepping stone to the creation of multiple mines throughout the meguma.

    The importance on Touquoy is in being the first mover because once ATV prove they can set up a successful gold mining operation with Touquoy they will gain credibility with the government which will make it much easier to get subsequent mines up and running, this will also give ATV leverage when it comes to JV's.

    I think you will find that AU Mining have taken such a strong interest in Atlantic Gold because they recognise the potential for there to be a large number of gold deposits throughout the meguma and Wally Bucknell is eminently qualified to find these deposits and has the expertise in open pit mining gained in Western Australia that these deposits will require.

    Wally Bucknell is privately extremely confident of finding a lot of gold in the Meguma and getting Touquoy into production will provide the funding to fully explore the meguma and prove Wally's theories.

    His expertise is highly significant and he knew Cochrane Hill would be big even before they secured the JV with Scorpio, because he has the expertise in open pit mining that the Canadians don't have.(this from one of my own conversations with Wally)

    Wally even predicted the excellent drill results that Acadian would get from 15 Mile Stream because he understands the geology of that type of deposit so well (as stated by my source who is regularly talking with Wally about all aspects of ATV's projects in the Meguma as well as with Touquoy etc.)

    A serious investor with serious money does a lot more research than your average punter and the major players like AU Mining are very comfortable with what Wally is doing regarding advancing the Touquoy Project and exploration of the Meguma.
    We would all like things to be moving faster but Wally is dotting the i's and crossing the t's and making sure no bridges are being burnt with the big picture in mind.

    Wally's biggest weakness is he has no marketing expertise and thinks like a geologist which means his communication skills with investors are poor and the share price reflects this fact.

    DYOR



 
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