Excalibur Resources Ltd.

in response to LTGoldBull2's message

Hey Mark,

it´s early games. We need to start production first, but Tim Gallagher is determined to pay a dividend, once the company is cash flow positive.

And the "physical dividend" option was something I suggested to Tim. If this is offered to shareholders, it will definately be an OPTION !

Here is Tim´s comment on the dividend issue from one of the latest mail conversations:

"As a strategy we had in mind the concept that we wanted investors to feel like they were close to being owners/partners in their own 'mine' and givent the undeveloped nature of the Pinos District there would never be a reason to sell like a "long-term loyal Warren Buffet shareholder" vs insitutions which are always selling."

No news on TSX-V listing.

Test production with Tannous Vein dump material to start in the next few weeks. I expect commercial production to start beginning of Q3.

FANTOMAS

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FANTOMAS
City
Rank
President
Activity Points
21402
Rating
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Date Joined
09/04/2007
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Excalibur Resources Ltd.
Symbol
XBR
Exchange
CSE
Shares
94,797,081 f/d, March 2014
Industry
Metals & Minerals
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