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What happened to an Old West way of doing mining business? |
[Yes, we know, some people read our URL address as having something to do with "hunky" Western miners contemplating a sex change. Sorry, we have enough "hot" gold-digging babes after us that we don't have to consort with Hollywood style Brokeback Mountain sheepherders—not that there is anything wrong about whatever it is that floats your boat, the SS libido.] Warning. You may have come to this site for "inside market information" on how to steal money out of mining investor's pockets. Know this, Sir (or is that pronounced "Cur"), we happen to be on the miner's side, and if you don't like that, I, a 70-year old fart, may just bloody your nose! And, as the duely elected President of the Western Miners District, Notice is hereby given to Liar, Liar, Lawyers that we will prosecute violations of Miner's Law in the Court of Public Opinion. What potential mining investors really need to know is the frontier idea of a prospector making a strike, say, in the Bullfrog Mining District of Rhyolite, Nevada, of recent Barrick (ABX) Mining fame, and taking it to the Miners Exchange Building in Beaty, Nevada, for further exploration funding, is that local "financial industry" institution of introducing "opportunities" to ordinary investing citizens, has morphed into a casino, and now is a hardware store. After all buying into the Bullfrog mine, alone, which produced 690,000 ounces of gold really wasnít as funny as, "Pssst, do you want to buy the Brooklyn Bridge?" Doubly funny is that one Charles M. Schwab, was asked to invest in the Montgomery Shoshone Gold Mine, and "ha-ha-ha" he took his profits Back East to build the grandest and most ambitious house ever, 'Riverside,' on the island of Manhattan, at the end of the road traveling to Wall Street, over the Brooklyn Bridge. What happened to an Old West way of doing business was that a PAC supported Congress dictated anything to do with the funding of mineral exploration ventures crossed that bridge also, and now our "miner's exchange" belongs to a Wall Street monopoly of the very institutions that have been making news of late. Proof? Well how about anyone identified as being silly enough to try and operate a small mining being denied a Reg D exemption? Go look it up online! And while you are at it, experience American taxpayers having 65¢ out of every Alaskan travel dollar —thanks to Congressional support of the Jones Act— goes to a foreign multinational corporation (look up CCL). Here is a real, real life scenario is that a www.WesternMiner.com claim holder goes to New York City, hat in hand, looking for funding of a $3 million dollar drill program to prove up $200 million in "proven" reserves. My answer was it would take an upfront $3 million to global investment bankers Bear, Stearns & Co. Inc., and Arthur Andersen LLP, Certified Public Accountants, to raise $6 million. Perhaps this, drawing from my Wall Street TV reality show experience of actually having 395,000 ounces of "proven" silver upon the surface (www.SilverMiningClaims.com), might get me a position in the chorus of barefoot millionaires, in the Broadway hit of "The Producers II." Back to basics. a) Other than producing gold by the back-breaking work of panning, most mining ventures require an investment of capital —that actually is spent in on or under the ground. b) And that many "aren't I so smart financial analysts" do not understand that "true wealth is either harvested, or mined." And while they are "so smart" for understanding things as derivatives, hedge funds, and silver ETF's (see www.TheMiningInvestor.com), does not really earn them for CEO style bonuses. c) And that, bottom line, all the Wall Street market system, with all their "inside trader," TV "razz-m-tazz" of hogs bringing a bull into a living-room with white carpets, stockbrokers really only offer a place to sell, at a churned profit, the stock shares they sold you in the first-place. Understanding, I am "Mad as Hell" As an honest miner with "gold dust" under his fingernails, thanks to the financial "click through" support from an honest Google "reality based" AdSense advertisers (or not), I am offering free listings for Nevada LLC mining investment shareholders to resell, as a private party, real estate transaction, their LLC shares. Courts have always held mining claims to be "real property." To be listed as a "bottom up" mining investment project, free, requires: 1) The LLC shares offered for sale are to support long term development of valid mineral prospects real estate values, that cannot be flipped, or day traded, for a momentary profit. 2) That the lawyers who are elected to Congress, to formulate laws protecting their fellow lawyers future income (in effect a Union), are not allowed to screw up for their profit, what should be a simple transaction. 3) Our reader's should know that any SEC censure (as following Aurthor Anderson CPA accounting practices in the Enron scandal —that cost my retirement fund— Bernard Maydoff's ponzi ploy, and finally, the warning about the London Prime Bank Scheme ) will result in the "de-listing" of a stock. After all, I, publisher, Barry Murray, personally feel I do have an integrity that exceeds to publicly stated standards of Canada's TSX, and the British Columbia Securities Commission apparent support of the famous CAF "pump and dump" sting, the NYSE of ENRON fame, and especially Director Bernie Nadoff''s favorite, NASDAQ. So, the ball is in your court mining investment investors, mining LLC corporations that may be "not for real," and PAC supported LLC stock regulators. To compete with The Wall Street Journal, we hope, but it is not required, that the underling mining claim real property be listed on www.WesternMiner.com, so that our Information Age readers may have access to full disclosure information. Barry Murray (503) 753-5868 |
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