is...DGRI moderator
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The technology that this company has developed is good. I am saying this as the owner of a company with competing technology. Of course, I still think that my company's technology is better as it has taken my engineers 35 years to develop instead of the 20 years with COTE. Nevertheless. I have bought COTE stock and may the best company win.
Now the US government finally admits that the technology that I mentioned exists. It was used for measuring Dutch Gold's deposit at Basin Gulch, which has an estimated trillion dollars worth of gold and silver. Here's the public announcement of the use of this same technology now deployed by aircraft in Afghanistan.
"Using new technologies deployed by aircraft, U.S. military and geological experts have been able to peer beneath the surface to map the nation's vast mineral wealth.
Jim Bullion, who heads a Pentagon task force on Afghanistan's postwar development, has said these maps reveal that the country could "become a world leader in the minerals sector."
That USGS Report was prior to the satellite report but possibly the reason for the later overflight.
DGRI apparently gets its funding through sale of discounted shares which is often referred to as toxic financing. In turn, these shares are resold to people like us by the marketmakers. The executives of DGRI, their relatives, and friends have also contributed cash to the company.
FYI, scammers don't contribute their own money. People who are frustrated but know that they have something valuable use some of their own money.
So true. DGRI management and Basin Gulch need to be separated in your mind. One might not have so great a future, but the other will turn out very well for the eventual owner.
Note that my interest has always been on Basin Gulch and not on DGRI's management. There seems to be an issue with promised delivery on plans. Of course, the lack of adequate funding has been a problem along with best use of the funds which were available.
The source is 100% reliable. Unfortunately, I can't get a copy of the report. I've tried my best but the report is locked up. Information in the no public release category is usually very market moving if and when the information ever gets released. Knowing the satellite only confirms that there is a report on Basin Gulch. If there was nothing earth shattering to report, I can only assume that it would have been released.
FYI, I am currently being considered for high level consulting positions with two of the world's largest mining companies.
Be wary of a company that puts out a news release with no maps, no sections and no data. Watch for news releases that report high grades smeared over long intervals, and always search for historical data from the property being promoted. Most properties have a history that gives you some insight into possible tonnes and grade.
This is good advice. Sometimes a company's management such as DGRI needs to be distinguished from its properties. Some companies can be sitting on a gold mine and never see it because their past hype may have gotten them into difficulty.
I was only provided the satellite and no report. It is very frustrating because I wanted the actual report.
Because I now know the satellite that surveyed Basin Gulch. I could never get the actual report.
I'll agree with the need for a reverse split. The company has to do one to raise funds to survive.
Except about an estimated trillion dollars worth of gold and silver in Basin Gulch which the company at this rate will never be able to get the funding to mine.
See my prior comment for a reference.
It is extremely difficult to protect a company from vicious anonyomous public attacks.
The long investors can see that DGRI will survive and grow. There was a past need for some extra help so DGRI wasn't destroyed or taken over.
The same for me.
We are all around. The ball is in Hollis' court.
DGRI management is apparently working hard. You never really know about companies unless you have worked for them, with them, or been a partner. I could tell you that when you check into even some of the largest companies, they are hollow, have poor management, are dishonest, etc. Solid companies of any size are rare. That could be a major reason for the economy being down in the dumps.
I've been very busy and still have my stock.
I'm ready for it.
DGRI has a new JV in Montana. It was just announced.
Very wishful thinking.
A slow climb back up to .004.
This could very well happen to DGRI.
I have owned DGRI since May 2010. I still hold some shares but sold lots and took a large tax loss as I bought most of my shares from .20-.02 cents on the downward trek.
Anyone can say that they don't intend to R/S the stock. However, when reality sets in, it usually happens.
DGRI probably has almost an unimaginable amount of gold at Basin Gulch. However, they will need lots of dollars to get to it.
Even if DGRI hits .02 cents a share, for the people who bought millions of shares, they should get an excellent profit.
Because the stock is so cheap. When anyone buys DGRI, they have to consider the probability of a R/S. Basically, anyone who buys now must consider that they will end up with 1/10th the number of shares that they originally purchased. It's not a bad deal except for early investors in 2010 such as me.
Lots of active trading, interest, and over a third of an oz of gold per ton. It's a good mixture.
Very strange.
Since DGRI can and has increased the number of shares and the float, I wouldn't think that they couldn't do a R/S, chill or not.
My estimate is that it will occur in the near future.
Small companies with a billion plus shares almost always reverse split their shares to have fewer shares at a higher price. It's almost inevitable.
Very shabby by associating two different Zaretskys.
If DGRI was selling for .0010 before the RS, it would be selling for 10X more in a 1 for 10 RS.
What we don't want to see is a 1 for 100 RS.
Anticipate 1 for 10 RS.
No, other than mining equipment from another company was involved. DGRI apparently bought some mining equipment for the project. A company doesn't purchase mining equipment for reasons other than real mining.
No, I've been very busy on contracts so I haven't paid any attention to DGRI.
My guess would be two more.
My green crystal ball says .0003 is the bottom within 3 weeks. There are just too many speculators to let the stock die since there is a decent possibility of DGRI returning to real gold and silver mining this Summer.
DGRI is not easy money. Most companies grow fron small and sometimes hard beginnings. I still think that DGRI has the determination to make it.
MMs do that to knock down the price. I've been tradind for 51 years and have seen it especially in penny stocks.