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Each CGJCF share now converts to about a tenth of a share of Alamos Gold (AGI). ( Conversion rate = .0942 )
CGJCF started 2015 at aboot .19 .... .... now it ends a good run at ~ .37 ( numbers adjusted for split).
Last I checked, Alamos has a market cap of ~ .94 Billion dollars. AGI has now acquired both Aurico Gold (AUQ) by merger, and Carlisle Goldfields.
If POG doesn't plunge ( now at ~ $1105/oz ), AGI could continue to pay shareholders a small cash dividend, maybe ~ 1 % yield.
Over the past few weeks, AGI has been rising, from ~ $3.00 to $3.66 today.
Congrats to those who were "averaging down CGJCF, an under-valued precious metals resource, on every dip below 20 cents."
GLTA
CGJCF was temporarily halted because: Nord Gold (based in Russia, main ticker on LSE, London Exchange ? ) made another (un-successful) acquisition offer for Carlisle Goldfields.
However, Alamos Gold (AGI, NYSE) already has a working J/V with Carlisle. (AGI had 25% stake in CGJCF)
Alamos Gold knows a good ( under-valued) Au resource, so AGI will now acquire 100% of CGJCF.
Looks like (pending approval) one CGJCF share will convert to about one tenth of one share of AGI (NYSE).
See latest NR from AGI for more details.
Bonus for new AGI shareholders : AGI pays a (small) cash dividend, which may increase over the years.
notes: AGI's market cap is aboot $1.2 billion, Nord Gold is just a bit smaller.
AGI will now continue to develop Carlisle's quality gold properties, near Lynn Lake, Manitoba, Canada.
(Great White Frozen North Trivia: Lynn Lake Airport is "Most Northerly airport in Manitoba, that's connected by highway to the rest of the world."
btw, in Old Spanish, Los Alamos might translate to "the Cottonwoods, as in: a grove of Cottonwood Trees near a spring" .... in modern language, it might translate to "the Poplars. "
GLTA
Trading Halt????????? Anybody know anything at all???????
Starting to drop but so is gold and silver. R/S stocks are not held in high favor because they usually wind down to the price before the R/S. Wonder what this one will do.
CGJCF one for 6.5 reverse split:
http://otce.finra.org/DailyList
They are going to R/S people what in the world are you buying now for. This is a consolidation. This means they are consolidating your money into their pockets. THere rep has been telling us to buy for months====these little penny-ante miners are all the same.
Why are people buying this stock with what is going to happen?
Current buyers seem to be unaware of this sitUation.
Thank you! Thought it would be a much higher ratio but this way, but def a keep on radar for future buys.
here you go:
"...to consider and, if deemed advisable, to pass a special resolution of shareholders to authorize the
consolidation of all of the issued and outstanding common shares of the Corporation on the basis of one (1)
post-consolidation common share for each six and a half (6.5) pre-consolidation common shares..."
quoted from the 15-Dec-2014 SEDAR filing, see:
http://www.sedar.com/GetFile.do?lang=EN&docClass=16&issuerNo=00024639&fileName=/csfsprod/data150/filings/02292887/00000001/C%3A%5CSEDAR%5CFILINGS%5CNotice_of_Meeting.pdf
don't recall. we should know more after the shareholder meeting later this month.
I got out long ago afraid of just this coming about. Do you know the number, 1000 to 1 100 to one Etc. This stock has so much going for it just a really bad time is all.
'consolidation of shares' will be voted on at the special shareholder meeting later this month - if you were a shareholder as of Dec 5, 2014, you should have gotten the meeting circular by now...
CARLISLE GOLDFIELDS LIMITED
2015 ANNUAL AND SPECIAL MEETING of Shareholders
To be held on Thursday, January 15, 2015 for holders of record as of Friday, December 5, 2014
Vote Cutoff Date: Tuesday, January 13, 2015
Where did this news come from, can't find it.
Thanks for the heads up, have not been keeping track of this one. You are right will probably be a buy afterwards. Good Luck.
Happy New Year! did you get the voting materials? it looks like you got your wish (R/S). happy to wait for the drop post R/S & plan to load up some more then also :)
I am rather partial to it myself for a few years now. Lets enjoy the ride.
this was always a no brainer, to me anyway. really like the asset.
The market has enjoyed the news the past two days.
I am here poonch1ne. Glad to hear this news.
Sounds like good advice to me.
there is really no reason why the PPS should sit this low, given the asset & PEA they're sitting on, IMHO. a time to accumulate & be patient, IMHO.
Hopeful the precious metals will gain in value in the coming months and years as well as our stock price.
Same old story but I am just a little nervous when the OS gets that high. I like the stock but not the outstanding share count. If they ever have a RS I would be an immediate buyer.
Carl, Any news about Carlisle lately?
Sounds like a great plan to me. Good luck to both of us.
Gold and Silver are on the way up no matter what!! They have broken loose and it is all good from here on. I just want to be with low outstanding and very close are actual producing mines. \
Very good advice.
My gut feeling is that the Crimeans will vote to join Russia and leave Ukraine on Sunday. I just read where the majority in Crimea are of Russian decent, and that the two questions on the ballot both are to leave Ukraine, but just on different time tables.
This may be a major down for the conventional stock markets, and a big push up for the precious metals?
What are your thoughts?
You are correct, I just do not like the outstanding share count, way too many. Makes me nervous. They asked someone once what to do when you worry about your stocks and cannot sleep at night. He said sell down to the sleeping level.
I am going to hold it for a while in hopes of taking some gains. It seems to me to have a lot of potential and highly undervalued??? I could well be wrong.
Sorry to say I do not like Carlisle anymore. Stock outstanding getting much too high and worried about a reverse stock split. These guys keep borrowing and borrowing I am afraid the only thing left will be a R/S. They will be fine but the rest of us will be wiped out. Hope I am wrong but when outstanding starts to approach 400 million or more I am gone.
Sounds like today's news release was received positively on the Canadian exchange. Share price up a penny or 22% on volumn over 400,000 shares.
Sounds like yesterday's news release is very good, positive. He seems to me to be a great addition....
There are some positives in our favor.
The more the dollar drops the better off we are. I think all this unusual activity means something is afoot with Carlisle we just don't know what. I like the way gold is starting to act as well.
Tonight the Canadian Dollar is trading at less than $0.90 to the US Dollar. This affords the Canadians a 10% pricing advantage.
Canada going wild again today many buys!!! They sure feel good about this stock.
No answer from Nick which probably means no answer at all as he was usually in the past very prompt in getting back to me. Not his fault really, maybe they figure we are not smart enough to understand the various things that have to be done in order to get things really moving. BUT, it would have been nice to at least get some sort of timeline or a couple of tidbits about interested parties etc. Oh well, it's only a movie.
Keep us posted , please.
Sent a sort of same e-mail to Nick Konkin at Carlisle but as yet no answer. Although he has always been very nice as I stated in previous e-mails he either does not know any "real news" of the kind we are talking about or they just do not want us to know what is really going on. A shame because on purely the face of it these type of questions any shareholder not only wants to know but I believe has a right to know. This drill forever thing cannot last forever. Remember that saying "sooner or later they are going to run out of other peoples money". Probably not get an answer. Oh well, as Hitchcock once said when an actor asked him if his scene went ok, "It's only a movie".
You are 100% correct. A plan[s] for future development.
Disappointing. They simply have to come out and say what are their future plans, starting production==WHEN (if ever), is anyone interested in helping with the financing needed to start production?, are they ever going to stop borrowing, spending and increasing share count?, SP will never increase unless holders can at least see in the future some actual (real) earnings, no point in always being happy to borrow and find gold if it is going to stay in the ground forever. PR's have to have a little ZIP in them and not just cold facts like we are still drilling and making sure all officers are being well paid!
Either would probably be fine by me, if the terms are favorable.
It was very good news but didn't do much for sp in Canada. Will see tomorrow how we do. I still think they are angling for some sort of buy-out or profitable merger.
I thought that it was good news.....
NEWS! Will see if it does anything tomorrow! My other one, Coastal Gold also had news.
Lets get it going......
Between 5 and 600,000 shares traded in Canada today. More then I have ever seen. Watch out next week (somebody leaked something) IMO.
Between 5 and 600,000 shares traded in Canada today. More then I have ever seen. Watch out next week (somebody leaked something) IMO.
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