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One of these days Matson will be sold with abig profit and you big freakin short will be finally hurt dearly.
Keep shorting and bringing the ask lower. it is better for some of us long as we can average down with your short sell.
How in the hell are you going to find 18000 share to cover your short? with this ting traded stock?
Well. We see you at $100 a share i guess.
I take it that there have been NO OFFERS.
Confirming the worth of the property to buyers as gold hits $1030 peak in the last few days.
Guess there is still just a faint glimmer of hope since it will be about 2-3 months before it begins to thaw out yet.
Then maybe a bigger fool will come along to buy it above the $6M CCHI paid for it.
Has Matson Creek sold yet?
If so, what was the price?
CCHI Web Site Has Been updated;
http://www.cambridgecapital.biz/miningprojects
Looks like the ASKING price is $25M...
as the new season for working gold in Canada approaches. we shall see IF there are any takers at that price...
or any offers at all at ANY price!
If there is no one interested & CCHI does not work it, then MC is virtually worthless for the moment!
That would make Matson Creek a $6M pig!
Time will give an answer to its value... just like CCHI is NOW 10.49... for a stock that was touted to be worth $50+ according to the moderator's opinion in the iBox.
MATSON CREEK IS SELLING FOR $25M
http://www.goldandsilvermines.com/amatson.htm
Matson Creek was bought by cchi for $6M a few years back, is now selling for $25M.
cchi has just changed its residency fron California to Las Vegas NV.
Was the residency change from CA to NV, to avoid capital gain tax on the huge gain here?
Reamins to be seen.
Can also discuss cchi on this board:
http://messages.finance.yahoo.com/mb/CCHI.PK
Matson Creek was bought by cchi for $6M now is selling at $15M
Was the residency change from CA to NV was to avoid capital gain tax on the huge gain here?
reamins to be seen;
http://www.goldandsilvermines.com/amatson.htm
OK! Here what we learned;
1- cchi started selling gold in 3rd Q.
So the production has started. Obviously the start up operation with roads, equipment, etc. had taken time, but looks like that is all behind them as the production obviously begun.
2- cchi is closing its administration office in CA, and moving it to Vegas, Nevada.
My speculation why?
cchi by far purchased 3 Gold mines (maybe 4),
Dryup Gulph in British Colombia, Datson Creek in Yukan, and
Maisy Mae in Yukan.
They have started production in Maisy Mae, Yokan, and Dryup Gulph in BC BUT DID NOT DO ANYTHING IN Datson Creek (The BEST AND MOST JUICY GOLD MINE, AND MOST EXPENSE ONE)
I ponder about this for months now, but finally this moving from CA to NV-Vegas made me to realize what is happening:
I believe cchi has alredy found a BUYER for The Juicy Datson Creek, and that was all along their plan (that is why they didn't do nothing there as if they have bought the creek just to sell them lucratively. (they bought them in selling market with gold around $500 an ounce for over $6M, and the selling price now if my speculation of sell is true should be twice as much by now)
but why this speculation?
the tax laws! in CA you got to pay heavy tax on your gain, but in Vegas, nevada the tax is virtually Zero.
So, by end of january the transfer of corporate residency will take place from CA to NV, i would expect within weeks from there if my speculation is true we should hear the news for sale of datson creek with a a hefty gain.
just my speculation of course!
I do also expect starting April we should start production of gold in full forces in Dryup Gulph BC, and Maisy Mae of Yokan. I believe with the gold moving to $1650 an ounce within next 2 years we should see cchi stock price move to $100 a share and above this year.
Both I and my Friend Have & Had Buy Orders at $5 through $9.50 a share from 100 to 400 shares for weeks now.
On last Friday 1120 shares were sold at $4 a share (500 shares at $8), and they completely ignored our weeks old orders to buy at $9.5, $9, $8 all the way to $5 a share.
HOW FREAKIN COULD THAT BE?
I guess a sob sold and bought his own shares again through two different account in two different brokerages in order to paint the tape and bring the price down as s/he (they) did it all the way from $50 a share to $11 very smoothly and patiently.
But my guess is: this is the end of the road for these freakin short-seller.
Looking for good news from here on.
ASK JUMPED TO $20 A SHARE TODAY AT 2 PM, AND HELD THERE.
How in the hell the short is going to find 20,000 share to cover with any good news?
I am expecting a good positive quarter in 3rd Q.
Afterall they mentioned b4 they had extracted Gold even though they had initial dificulties.
We might finally see a PROFITABLE Quarter.
imo that should change the whole calculation about cchi valuation.
apart from that, we should consider this important fact:
when cchi start buying the mining gold, the gold price was around $500, and Gold now is $800, and i expect to reach $1650 an ounce in 2008.
...make that "the expenses for the quarter are screwed up" on the report, not the first quarter. Apparently I can't type.
Looks like $39.40 in equity per share--for a stock bidding $6.50 and asking $12.00.
There's a new note out there for $1,000,000 which is convertible "based upon the bid price of the Company’s common stock at or about the respective dates of issuance of the Notes." I don't know what the "at or about" time frame means or what "based on" means but the bid is currently $6.50. It sounds like the party affiliated with the CEO got a good deal out of this. If the $6.50 were used as an example, there will be a 45% increase in outstanding shares. It would seem that at some point, Mr. Jarratt would say, "Alright, me 'n my affiliate own 75% of the outstanding shares. It doesn't make that much sense to keep transferring value from other shareholders to myself.
Their 'expenses' numbers for the first quarter are screwed up but it looks like they used the six-month figures for the cash flows and balance sheet so the rest seems alright. It's good that they're filing, though.
http://www.canada.com/nationalpost/financialpost/printedition/story.html?id=8ce178d0-8fb4-4ebb-b748-f7208ccfec29
Good read as consolidation is picking up in Canada.
cchi with "A whole 2,5 million ounces?"
YES!
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=CCHI
"In the Yukon Territory transaction, CCHI is acquiring the rights to 357 contiguous placer gold claims and 26 lode claims. The claims stretch over 30 miles, with estimated reserves of over 2.5 million ounces of gold."
BY NOW IT IS MORE LIKE 3M OUNCES OF GOLD RESERVE.
But hey check out the market cap of cchi:
it is ONLY FREAKING 3.5M
Don't you think the market cap should have been more like $350M instead of 3.5M?
heck cchi book value alone worth around $40M.
Re:<"you mean like superior management with a proven track record... outstanding properties to work, little or no debt...">
No. I mean like every investment will return some set amount to shareholders, whether that amount is zero or millions of dollars. Every investment is exactly worth the sum of the discounted cash flows it returns to the investor.
Your opinion of management, SA's properties, etc..., means very little unless you affix a price tag to that.
I remember a nice little solid company called Orbital Engine around fifteen years ago. They really and truly built a vastly superior two-stroke engine. It was a great company. However, shareholders liked it so much that they bid the market cap up to a price that it couldn't sustain no matter how good it was. Over the next year, the stock lost about 90% of its value.
I don't know if SA is good or bad going forward. I don't know if CCHI is good or bad going forward. I do know that, since your criteria for judging a stock doesn't have any grounding in the market cap, you've never had any good basis for buying any shares of any stock you've ever purchased. You have to rely on others arbitraging the prices so you don't lose your butt. That's part of the reason you rode USSE all the way down--you didn't understand how to resolve a $500,000,000 market cap to the operations of the company and, since nobody can short USSE since it's a penny stock, you didn't have anyone to right-size the price before you purchased. Even if the market cap was $500 trillion, you would still be apt to buy shares if you liked the company. You're not grounded.
"you need to go back to fundamentals"
you mean like superior management with a proven track record...
outstanding properties to work, little or no debt...
you mean things like that?
I'd hardly call 4 months of recent gain a history so far in the past that it is not relevant! Did you miss the target of 46 in the analyst's opinion released 9-4-07?
Your arrogance must be a terrible burden and severely limit your prospects in life... I'm sure you must daily hear comments that are unflattering, but well-deserved.
LMAO
No, the only change I made to the ibox was adding the note at the bottom a while back. The concept of me claiming a much greater value or pumping is something you generated completely in your own mind.
In fact, with the recent financing with a note to an affiliate of the CEO which seems to have generous terms, I would be much more inclined to tell people to watch rather than buy.
What makes this situation so interesting to me is that nearly the entire value of CCHI hinges on the character of Mr. Jarratt. The share price so deeply discounted from equity doesn't speak well about him.
Re:<"I offer a better stock with a better PPS history...">
Again, if historic price movement was even a semi-reliable indicator of future movement, investing would be extremely easy. Your issue, Grantg2, appears to be that you need to go back to fundamentals and understand what the stock market is about. You seem to have a very fuzzy notion. I know you understand that it's good to have a stock you own increase in value but you seem to have stopped short of ever pondering why that may or may not occur.
LOL... This keeps getting twisted into something personal by PP.
In the iBox he claims this was a $20 stock worth much more in unverified assets (or have you removed that in editing) frankly I have not wasted any time to reread the iBox hype... looks like PUMP to me. The PPS tells the tale!
I offer a better stock with a better PPS history and more assets in the ground...
and it is because I want to bash this baby because... whine whine!
How about you are missing the point that SA would have made 100% on your money in the last 4 months... rather than a near 50% loss you have in CCHI as the winter sets in and puts your stock in the deep freeze.
You could have bought SA... made your 100% profit... sold half to ride it free... and NOW bought 2x the CCHI you are holding with your same amount of original funding!
But oh well... marry CCHI if you MUST! I guess over the winter it will go to 5... it sure won't be going up because of current production. It has entered "wait til next year" status.
LMAO... you certainly are erudite, PP. ROTFL... what a joker!
Re:<"You and your gold pick are a joke!">
You keep saying I'm promoting or recommending this stock. I'm not. I haven't said CCHI is a good investment nor a bad investment. I don't know whether it's a good or bad investment. In my opinion, the stock is an interesting situation. At any rate, I do believe boards are much better for discussion rather than for blind cheerleading.
If it makes you feel better to install me as a pumper of the stock and then disparage the stock since you're bitter about my posting about USSE/SSTP then go ahead. It won't hurt me.
LOL... that is only one of 6 properties...
SA owns 100% in the top two deposits in Canada...
the two they have drilled... the other four as they get to them! I feel certain the results will be very good! Rudi Fronk has more expertise than your CEO/gold sluicer!
But carry on in your ego cloud...
I surely am NOT going to do your DD for you!
You and your gold pick are a joke!
IMO...
Estimated reserves are a poor way of estimating the value of the stock.
However, if you do want to go that route then CCHI with their 2.5 million ounces of reserve in the Yukon and a market cap of $4 million vs. Seabridge with their 32 million ounces of reserve and a market cap of $1.4 BILLION, paints a much different picture. The 2.5 million ounces for CCHI is in the Yukon. In total, CCHI has about 3 million ounces of gold in reserve. So Seabridge has about ten times the gold reserves and 350 times the market cap. Based on that, what looks like the better bargain?
As I said though, that's not a good way to value a company. Since you're trying to talk up Seabridge and downplay CCHI, that's a very poor argument for you to use.
Sure, PP, your logic is never flawed! So look at gold in the ground instead!
BTW, goldi... you better get to adding up the metal in the dirt...
otherwise, some dirtbag will lose you a lot of money:
September 4, 2007 - 9:34 AM EDT
Dutton Associates Announces Investment Opinion: Seabridge Gold Increased Price Target And Buy Rating Maintained By Dutton Associates
Dutton Associates updates its coverage of Seabridge Gold (AMEX:SA) (TSXV:SEA) with a Buy rating and increasing its target price to US$46.00. The 13-page report by Dutton senior analyst Mike Niehuser is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
We had the opportunity to visit Seabridge Gold’s Kerr-Sulphurets-Mitchell (KSM) project in northern British Columbia in August 2007. Drill results for 2006 at Mitchell led to establishing in February 2007 an NI 43-101-compliant Inferred resource of 564 million tonnes grading 0.72 g/t gold (13 million ounces) and 0.18% copper (2.2 billion pounds). This was in addition to the already sizeable noncompliant historic resources at Kerr and Sulphurets, and increased the Company’s resources to over 32 million ounces of gold and 4.9 billion pounds of copper. Having visited KSM we are compelled to reexamine our valuation of Seabridge considering the strong likelihood of increasing and upgrading the deposit at Mitchell. The scale of the project is so large it must be seen to be believed. KSM consists of 26 contiguous mineral claims and covers an area of 6,626 hectares. It is located in northwest British Columbia, approximately 65 kilometers north-northwest of port at Stewart, and 21 kilometers south-southeast of Barrick Gold Corporation Inc.’s Eskay Creek Mine. KSM is now rapidly becoming recognized as a world-class gold/copper deposit. The primary objective of Seabridge’s development program at KSM is to upgrade the Mitchell resource to Indicated from Inferred. While discovering Mitchell has led to an increase in the Company’s stock price the concentration of additional resources at a single deposit increases the appeal of Seabridge as a takeover target by a major gold producer.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 30 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid before commencement of our research activities, consisting of 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $58,000 from the Company for 6 Research Reports with coverage commencing on 6/04/2004. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
Dutton Associates
John M. Dutton, 916-941-8119
..................................................
LMAO... such excitement over CCHI's 2.5 million ounces!
Why, you'd think they discovered gold!
ROTFLMAO
...of course if we only had to look at the past change in price per share to predict future returns, it would make investing really, really easy and everyone would be easily able to get massive returns. I suspect your logic is flawed somehow.
The PPS tells it all...
CCHI is down 50% since July compared to
UP over 100% for Seabridge since July!
And Yamana (AUY) is up about 45% in the same time frame...
THAT reflects what rising gold prices do to the stocks of REAL gold companies!
Well, certainly you're welcome to post your opinion and 'warn' people about CCHI since you think it's a bad stock.
Kurt...
you are so inaccurate! My "bet" on that other stock that YOU daily stalk and fixate on as a personal obsession has nothing to do with CCHI being a ridiculous placement of funds:
at $20/share compared to SA at the same price back in July, YOU just bought a Yugo instead of a beamer!
You cannot deny that CCHI is a DOG compared to the VALUE of Seabridge! Using your evaluation tool for CCHI, Seabridge is worth about 250 a share! I'll come closer to seeing that than you will on ever seeing CCHI near the values you claim for it!
If you knew squat about gold stocks, you'd know that! SA was 2+ in early 2005, closed today at 37+!
If you want to go work the placer claim, you might get your money out of this...
But this company and it's gold claims are in the CHUMP CHANGE class! If gold is up 25%... as are most GOOD gold stock at a minimum, HOW COME this stock is sinking?
LMAO... And I am NOT short this joke-stock... not worth the effort to do it!
Why don't you tell goldi the TRUTH: that of the approx 1700 posts you have on iHub, about 2/3 of them (over 1000) are TAKEN UP by your fixation on trashing JRivera... a man you have stalked for a decade! Doubt that statement, goldi... click his alias and get to counting his posting history! LOL, IT is almost obvious just by looking at the list! BTW... I do not blame you for the problems with USSE/SSTP.
CCHI is just a poor investment! And people need warned that there are better gold stocks than your pick!
Grantg2 is on this board solely because he followed me here to try to harass me. He's pissed off at me since I was warning people that a stock which he owns is likely run by a dishonest CEO. Now that his stock is down about 85% from where I started warning people and the CEO recently came under investigation by the SEC, Grantg2 still blames me for some reason. He has a very acerbic personality and is fairly naive when it comes to the stock market.
For CCHI regarding the placer claims, I don't doubt that the increase in the price of gold will spur production. It makes it more worthwhile to get better equipment and put in more effort. Price premiums are a more powerful motivator than most people think.
The bigger issue I see, though, is what Mr. Jarratt's intentions are. Even if the gold claims don't pan out, he could easily recover. However, if he doesn't have shareholders' best interests in mind, shareholders probably won't ever see any money. I don't know enough about Mr. Jarratt's character to make a good determination on what his intentions are.
I do know that Mr. Jarratt has a very good understanding of options and embedded options and that seems to permeate many of the decisions he makes. It hasn't always worked in his favor but he knows how to use them. The question is whether he has shareholders' interests in mind or whether he sees the 40% of the equity that he doesn't own as just another cache of value which he can use to his personal advantage. I wish I knew the answer.
He kept publishing quarterly reports for a while even though he didn't have to and that was a good sign but he seems to have curtailed that with the last report.
If Mr. Jarratt's intentions are good then shareholders could see an extremely nice return on their investment. If not....
Wow! Only 2Minutes after your post Grany Posted last night that enforce my idea, S/he is one of those (20,000 shares cchi Short sellers) who is constantly monitoring even this small forum.
How I say they are making profit in 3rd Q? according to their returns, and press releases they had started extracting gold sometimes in 3rd quarter.
Well! another good news to sleep well tonight;
When they bought Matson Creek placer claims with over 2.5M ounces of Gold, the price of Gold was below $600 and now it is pushing to $800. I think the placer claims there worth much higher now.
I can wait on new technology and it is one of my risk plays...
I am smart enough to know my limitations.
More than you can say...
BTW... ISRG was 90 end of 2006... now mid 240s after some selling during market declines. You got one of those badgers anywhere in your shorts?
Then there is LNGT... just announced an ARMY contract for their laser to be developed. Was .006 a few weeks back, closed today at .135... and might be off to the races tomorrow!
Don't concern yourself about my account balances, Kurt... you got a heap of problems ALL YOUR OWN!
You better keep hopin' your PAID-FOR-PROFIT checks don't run out! You will be needing the cash. You've left a pretty nice trail all over the internet! The lawyers are loving it!
LOL...
Re:<"Back in MID-July Seabridge was under 20... and this was 20...with PaperProphet PUMPING it as worth 50!">
It is what it is. I'm certainly not pumping or bashing the stock. I said CCHI had solid equity near $50. That's was a fact and not subject to any interpretation.
Re:<"Just cut the loss and move on!">
Now that's unusual coming from you since I know your attitude toward a certain couple of stocks you married for better or worse and are now down about 80%. I suppose the difference is that you know that your stocks will come back. Good luck with that. You'll need luck.
"As for Matson Creek;
lack of production during 1998-2002 (check the gold price that period!), does not diminsh the fact that there is OVER 2.5M
ounces of Gold proven to be in that piece of land that cchi purchaed it through the placer & load claims."
A whole 2,5 million ounces? OHHHHHHHHHHHHH MY...
that's got to be the biggest gold claim in all the world!
NOT!!!!!!!!!!!
Why don't you guys go buy a real gold stock...
there are a bunch of them out there that beat the SNOT out of this runny nose!
You can find them all over the planet literally! This company is a freaking farce compared to a large majority of the real gold companies out there!
Back in MID-July Seabridge was under 20... and this was 20...
with PaperProphet PUMPING it as worth 50!
Today Seabridge closed at 37.63 down about a 1.20 after some profit-taking capping an $8-9 run in the last week!
And where is your CCHI? LOL... I'm sure you are painfully aware!
Or you could have bought Yamana (AUY back in july under 10... and today is closed near 13... up about 35% in the last few months! And your percent gain on CCHI is what? WHAT? Speak up... no need to be shamed because of making a mistake! Just cut the loss and move on!
PP likes to give that advice... so I'm sure it ought to be a valid option here!
NO MATTER what this stock ever does... Seabridge will top it!
Dollar for dollar invested... CCHI is gonna suck compared to a lot of gold plays! It is inevitable... junk begets junk returns!
FACT... not JMO...
Re:<"When he bought fractional share legally he could buy the entire remaining share with the same offer as fractional share and it could have cost him only $2M., and that was totally Legal if he wanted to do it.">
Sure. He could have done a 2,000,000 for 1 reverse split. And yes, it would have cost Mr. Jarratt/CCHI about $4M to get all the remaining shares. What I'm saying is that since he didn't, it would bolster the argument that maybe that $4M will instead find its way to his pocket as salary/other and shareholders would get nothing. Not saying that's the case, just saying that his not buying the remaining shares doesn't indicate he's trying to do his fiduciary duty. They filed for a share buyback a while back and they're not doing that either even at $11/share.
In my opinion, any company where the market cap is less than liquidation value should liquidate and return the money to shareholders since they're not doing shareholders any favors if the company itself has a perceived negative value.
Based on the share price, the market has factored in a 75% chance that shareholders won't see a dime of the equity, either because Mr. Jarratt will lose the money or transfer the equity to himself. If that's not the case then shareholders are looking at a nice 300% gain.
Re:<"In my opinion 3rd Q, 2007 cchi genrated Huge profit by producing gold in its Maisy Mai, and Dryup Gulch locations.">
Why do you feel that's the case?
Re:<"lack of production during 1998-2002 (check the gold price that period!)">
Absolutely. A few hundred dollars extra per ounce certainly provides an incentive to put in more effort. It would be great to get a quarterly report to see. Unfortunately they don't have an e-mail listed on their website and they don't return phone calls when I leave messages so I wasn't able to get any information regarding the recent finances.
It's an interesting situation. This is one of those companies where shareholders could make returns well above market if they only knew the CEO's character. I wish I knew what type of a person he was or what his intentions are.
"I'm not sure what you're saying with your second point. Certainly he could have done a split and purchased more fractional shares but that doesn't support that he doesn't want to transfer the remaining 40% of the company's value to his own pocket or that he feels the fiduciary duty to those who own shares."
I am saying:
When he bought fractional share legally he could buy the entire remaining share with the same offer as fractional share and it could have cost him only $2M., and that was totally Legal if he wanted to do it.
As for Matson Creek;
lack of production during 1998-2002 (check the gold price that period!), does not diminsh the fact that there is OVER 2.5M
ounces of Gold proven to be in that piece of land that cchi purchaed it through the placer & load claims.
The press release, which most certainly should be based on
their purchase
contract and their own independant contractor testing indicates there are over 2.5M ounces of Gold there.
In my opinion 3rd Q, 2007 cchi genrated Huge profit by producing gold in its Maisy Mai, and Dryup Gulch locations.
In any small companies across US the person initiate buying always tries to benefit the most out of his purchase, his original purchase price of jboh was $4.7M through two notes, and he borrowed the $2M only a few years ago.
I still believe he wants to make money out of Gold for him and all of us remaining shareholders.
keep in mind he started getting salary accepting cchi shares now.
What he did was invest about $2,000,000 in the company while simultaneously borrowing about $2,000,000 from the company. Both notes were roughly the same interest rate. The difference is that his note was convertible to common shares and renewable every year. Every year when his note became due, he reset the conversion price to a lower price, ratcheting up the number of shares he would get on conversion before he finally exercised the convertible feature for almost 60% of the company. He got the ultimate call option with that note.
Where he goes from here, nobody knows but him. It doesn't seem like he has been very shareholder-friendly so far.
Since he owns most of the equity, unless he paid an affiliated party for those gold mines and claims or unless he profited significantly from the transaction, it would seem like he has a strong incentive to make the mining profitable.
I'm not sure if they can work through winter or not. Just from reading, it sounds like placer claims need water. If so, that won't work for the winter.
I looked at a site showing gold production 1998 to 2002. It looks like the most produced from Matson Creek was 1,381 crude ounces in 1998. CCHI owns 35 miles along Matson Creek and paid $6,000,000 for those claims. That hardly seems worth it. They better know what they're doing.
I'm not sure what you're saying with your second point. Certainly he could have done a split and purchased more fractional shares but that doesn't support that he doesn't want to transfer the remaining 40% of the company's value to his own pocket or that he feels the fiduciary duty to those who own shares.
Keep in mind he made the company go over $150M (equity value) out of $5M original investment in jboh.
He invested $5M back in 1998 by 1999/2000 jboh was worthed over $150M.
here he is playing with $30M today, lets see what cchi will be worth in 2008 with Gold price keep going to the moon?
Two Points re: your post:
1- Is it possible they are buying some new equipment with the $1M ($600K now) to allow them continue production during Winter?
2- you wrote:
" he also has an incentive to transfer the value from the remaining 40% ownership to his own pocket"
I am totally convinced (100%)that is not the case since he COULD do it just that when he bought back fractional shares during transition from jboh to cchi, and that was totally LEGAL for him to do it for the remaing shares too.
I believe he feels moral obligation to make money for those who hanged in with him.
I am extremely optimistic for the outcome which seriously might be just around the corner now.
I'm not sure if they can continue during the winter. They previously mentioned, last December, that mining would commence in the spring, based on weather conditions so I'm guessing they also will stop, based on winter/weather conditions.
The situation with Mr. Jarratt, the CEO, is that he owns almost 60% of the outstanding shares. He has a clear and strong incentive to make the shares worth more. But on the flip side and depending on his motivation, he also has an incentive to transfer the value from the remaining 40% ownership to his own pocket. I don't know enough about him to make a judgement. Based on the share price vs. equity, it would seem like shareholder concensus is about 75%-80% certainty that Mr. Jarratt will fleece them and/or drive the company the rest of the way into the ground. If that's not the case then shareholders are looking at a very, very nice gain at some point in the future.
Notable is that Mr. Jarratt is also not buying up shares at a discount to equity here, either for his own account or as a share buyback.
Paid-for-Profit knows all about
illegal short selling, goldi!
He is an expert in stock trading and gives interviews to the business reporters in MPLS all the time!
good luck, sucker.
JMO...
Is it possible they find a way to continue operation during winter? Maybe the money is for some digging equipment, or some operation underground in Maisy Mai unit.
The British Columbia Dryup Gulch seems to me continuing Gold production.
In any case the book value of cchi as you mentioned is around $40 a share.
As for not filing and reporting, it seems to me they are playing dead b4 announcing the shellshock news in all front.
I think we will be "current" if we stay in pink sheet (might go back to regular nasdaq) next year.
One thing for sure I know Jarratt would not get half of his salary cchi share if he doesn't think the share is not valued as high as $100 a share.
The masterful graduate price drops is done by 1 or 2 short sellers who actually are sitting on both side of ask and bid most of the time, one sells the other buys.
I AM CERTIAN OF IT. KEEP IN MIND THIS IS ILLEGAL WHAT THESE SHORT-SELLERS ARE DOING.
They did that before when they purchased land--even though they had the money, they borrowed about half of the purchase price.
I'm not sure of the reason since CCHI could certainly borrow against hard assets at some time in the future. Sometimes it's better to get money before it's needed while financing is still available but other than that, I can't think of a real good reason for the borrowing. Now that Cambridge Capital seems to have curtailed publishing their financial reports, it makes it even harder to guess.
Why borrow money now? Groceries until spring!
THAT CEO has to eat... and feed PAID-FOR-PROFIT! LMAO
BUT... this is the gold play of the century...
PAID-FOR-PROFIT says so! EVEN YOU agreed!
Just so much better than Seabridge...
back a few months ago, you could have had 1000 shares of CCHI for $20K, now worth $10K...
or 1000 SA for $20K, now worth about $30K!!!!!!!
Glad Kurt endorsed CCHI... made me buy SA! (not really, I do not believe a word out of his mouth!)
BUT I do believe the man who has been recommending SA since it was $2.60/share in 2005... wish I'd listened a year earlier! I'd have 10,000+ shares rather than 1500.
BUT when SA trades for anywhere from $50-175 per ounce of gold in the ground in proven reserves, I'm not gonna give a fig...
not about my share count, my PPS, or PAID-FOR-PROFIT!
IMO...
Disturbing! Now they are borrowing money to continue.
Looks like all the money gone and now they have to borrow.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=CCHI
They are saying they borrowed money on August 28th for continuing operation BUT on Sept 5th the entire region ground freezed and EVERYONE in the area knows after August the companies close the doors and go home because of frozen ground which is impossible to operate.
SO WHY IN THE HELL BORROW MONEY IF YOU KNOW IN AUGUST 28TH YOU WILL CEASE OPERATION IN 2 DAYS?
We might see price below $10?
Imagine that, PaperProphet... spot gold $736.70
and YET your HOT UNDERVALUED spectacular pick had dwindled down to 10... from 20... WHEN YOU DECLARE IT IS WORTH $50!
YOU are sooooo misunderstood! LMAO
Even the markets ignore YOU!
Looks like CCHI stopped filing on the pinksheets or at cambridgecapital.biz. For several quarters, they continued to file at close to the times required for listed securities.
Mr. Jarratt certainly oversaw the destruction of a lot of shareholders' wealth while he was at the helm.
There should still be over $40/share worth of equity and the stock is trading at $10. It's still the case, though, that most investors don't know if they'll ever see a dime of that equity or whether Mr. Rivera will just pocket the rest of the equity he doesn't already own.
I see CCHI is showing strength!!!!
and Seabridge is back to 29... gold should be strong in the erratic markets following the mortgage debacle...
so CCHI is gonna finally rise to that 50 we were told they had assets in the wallet?????
Right!
Just wonderin'... maybe if our moderator would get back to tending this board, things would improve!!!!
But no... now he's looking for funding to start his own Pyrolysis Oil Co.
Pocketpuppet Pyrolysis Oil Co! PPOC!
Pronounced PEEE-POK!
YOUR next 10-bagger IPO, begger!
LMAO...
Seabridge Gold Started At Strong Buy, C$40: Fraser >SA
7:45 AM ET - Dow Jones News
Dow Jones Newswires 08-13-07 0745ET
Copyright (c) 2007 Dow Jones & Company, Inc.
Hardly a wonder...
since the adoption of the NEW designations for pinks and BB stocks, CCHI has a "yield" symbol when you check a quote at pinksheets.com:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cchi#getQuote
That indicates:
Limited Information - Is designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to meet Pink Sheets' Guidelines for Providing Adequate Current Information.
Companies in this category have limited financial information not older than six months available on the Pink Sheets News Service or have made a filing on the SEC's EDGAR system in the previous six months.
.....................................
BTW... is there anyone regularly making a market in this stock, or is it one of those orphans that you can BUY more easily than SELL... and when you do decide to SELL, you might as well give it to the BUYER... with a smile for the free you-know-what!
LMAO... good luck buying this GOLD(en) Company! Youse gonna need it!
Seabridge closed 29+ today... up 102.7% YTD. Compares to CCHI that is -30.2% YTD. Guess that covers it!
JMO...
WOW!!!!
200 shares traded in the last five days.
Down $4.00 pps(22.22%) on a 100 share trade!!!!!
Great company you have here!!!!!LMAO
Spread you cheeks and give a brown eye smile.
Hope they are using lubricant.:)
Regards,
Snake
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