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$CFTN Clifton Mining Co. Quarterly Report - Disclosure Report for 6-30-2020 [Quarterly Report]https://sec.report/otc/financial-report/259650
Thanks for sharing 'deri21'. Progress being made.
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "August Production Report" https://finance.yahoo.com/news/clifton-mining-company-otcbb-cftn-110000318.html?.tsrc=fin-srch
Wonder if Desert Hawk is still going to try to list on an exchange and offer 10 million shares at @ $1/share?
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Stock Repurchase Plan and Production Updates" Clifton Stock Repurchase Plan Update – Pursuant to the Company's Share Repurchase Plan, the Company has been able to buy back 1,617,374 shares of common stock. All these shares are currently being held as treasury stock. Said management, "we believe that by reducing the float, that this should have a positive impact for shareholder value."
Exploration, Development, and Production - Clifton Mining Company has received the report that for July 2020, Desert Hawk Gold Corp. (Desert Hawk) sold 371 ounces of gold and 344 ounces of silver recovered from the leach pad. They also drilled 959 holes, crushed 50,398 tons of ore, added 613 recoverable ounces to the leach pad, and estimate that they have 4,400 recoverable ounces of gold remaining on the leach pad. Clifton owns 5.81 million shares of Desert Hawk. We anticipate that August numbers should be released shortly.
Please see the Company's website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: "CFTN".
Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company's business prospects and performance.
$CFTN Desert Hawk.
Updated Videos
https://www.youtube.com/channel/UCeIOF3YrGq_QYmGz5wS63Wg
Any word on when Desert Hawk may have a public listing?
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Production Update"
Press Release | 07/29/2020
Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Production Update"
PR Newswire
AMERICAN FORK, UT, July 29, 2020
AMERICAN FORK, UT, July 29, 2020 /PRNewswire/ - Exploration, Development, and Production - Clifton Mining Company has received the report that for June 2020, Desert Hawk Gold Corp. (Desert Hawk) drilled 1,397 development holes and crushed 38,861 tons of ore averaging 0.0105 ounces per ton of recoverable gold. Desert Hawk placed on the leach pad 527 recoverable ounces, and current estimates are that the pad currently contains 4,160 ounces of recoverable gold. Desert Hawk plans to increase its production in the months ahead. Clifton owns 5.81 million shares of Desert Hawk.
Please see the Company's website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: "CFTN".
Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company's business prospects and performance.
Cision View original content:http://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--production-update-301101763.html
SOURCE Clifton Mining Company
It appears that they are making progress. Wonder when Desert Hawk will be listed and traded on a domestic exchange?
$CFTN
Exploration, Development, and Production - Clifton Mining Company has received the report that for June 2020, Desert Hawk Gold Corp. (Desert Hawk) drilled 1,397 development holes and crushed 38,861 tons of ore averaging 0.0105 ounces per ton of recoverable gold. Desert Hawk placed on the leach pad 527 recoverable ounces, and current estimates are that the pad currently contains 4,160 ounces of recoverable gold. Desert Hawk plans to increase its production in the months ahead. Clifton owns 5.81 million shares of Desert Hawk.
Please see the Company's website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: "CFTN".
Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company's business prospects and performance.
https://finance.yahoo.com/news/clifton-mining-company-otcbb-cftn-110000000.html?.tsrc=fin-srch
We shall see. Good luck to all of us.
Possibly when Desert Hawk shares gets listed management may loosen up a little. Maybe even pay a dividend some day?
Clifton Mining Company is not Shareholder friendly; that's why it doesn't move up even with seemingly good news.
Clifton Mining - Seeking Alpha Uncovers More Than Gold - OTC: $CFTN
https://seekingalpha.com/instablog/29126865-stanley-cutler/5470530-exciting-update-on-clifton-mining-company
Thanks for your information. Possibly we have a real sleeper on our hands.
With income as you suggested, when it is made public, it could make the share price explode. Information about the company needs to get out. When/if Desert Hawk goes public , that could make this an outstanding investment. The coming 12 - 24 months could be very, very interesting. We are here for the long run. GO CFTN!!!
$CFTN Clifton Mining and Desert Hawk Gold Corp gold mining heap leach. https://vimeo.com/432236173
Good read on $CFTN. I pulled this off the Yahoo board.
Some have said that the 9 cent per share income for 2019 was a one time event. This is not true. Thanks to the post of sfct1978 regarding Mr. Crosby's presentation for Desert Hawk's raising $10 M in a private placement at $1 per share, I have determined that CFTN will record a $3.5 million gain on its investment in Desert Hawk when it states the value of its investment in Desert Hawk at $1 per share. ABL has distributed a 50 cents per share dividend so far this year, and it is likely it will distribute another 50 cents per share in October or November. This will be $1 for the full year of 2020 resulting in a minimum income of $1.525 million to CFTN. This $1.525 million plus the $3.5 million from Desert Hawk will result in CFTN reporting $5.025 million of other income for 2020. Depending on what expenses are, I estimate the expenses to be between $700K and $900, CFTN could well report $4 million net income for 2020 or between 8 and 9 cents per share. I estimate outstanding shares to be 58 million after the stock buyback. So there is absolutely no reason for CFTN to be trading at this ridiculously low price of 16 cents per share. CFTN should be valued at a minimum of $1 per share just based on net income. With its large gold and silver resources it should be trading at $2.
I recommend you contact management, particularly Ken Friedman, and ask why he is not getting the word out. Management is derelict for allowing this stock to trade this low.
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Production and Distribution" https://finance.yahoo.com/news/clifton-mining-company-otcbb-cftn-110000193.html?.tsrc=fin-srch
$CFTN Quarterly Report - 1st Quarter Report
https://www.otcmarkets.com/stock/CFTN/disclosure
$CFTN .Q1 2020
*2.8 million in Cash
*Share buyback
This is outstanding! Thank you for sharing.
No problem. Here is a good article from Seeking Alpha.
$CFTN Clifton Mining Company, A Gold Nugget Waiting To Be Discovered, 2019 Earnings And Stock Buyback
Clifton Mining Company, A Gold Nugget Waiting To Be Discovered, 2019 Earnings And Stock Buyback -...https://seekingalpha.com/instablog/29126865-stanley-cutler/5450090-clifton-mining-company-gold-nugget-waiting-to-be-discovered-2019-earnings-and-stock-buyback
Just read that. Thanks for sharing. The brief presentation was very interesting. A I S C stated as about $ 750/oz. with growth plans over the next couple of years. I like it. May add a few more shares soon?
$CFTN AMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) - Audited Statements Released https://finance.yahoo.com/news/american-fork-clifton-mining-company-110000341.html?.tsrc=fin-srch
Agreed just need some company updates! $CFTN
The shares should be priced considerably higher then. Maybe in June we will get an updated news release???
I believe that is correct.
If I am wrong, please correct me on this. The company reported income of $ 0.08 per fully diluted share for 2019? Friday it closed at a share price of $ 0.136. This would be a P/E of 1.7 ????
$CFTN Stop signed removed! Now Yield
https://backend.otcmarkets.com/otcapi/company/financial-report/245912/content
$CFTN
Per Annual Report over the Weekend
"During the period from January 15, 2020 through May 7, 2020, according to the Company’s Share Repurchase Plan, the Company bought back 396,598 shares of their own common stock."
$CFTN Some DD. from the Streets Report http://www.thestreetnow.com/spotlight/cftn/
My thoughts , also.
Real and current news from the Company, should be impetus for a share price increase.
I sure hope so. Would like to hear what ABL is currently working on and how their expansion is going. Also want to hear how Desert Hawk and the heap leach pad are doing.
Possibly time soon for news?
Why did CFTN run-up overnight? a review of the posts from post # 161 through post #347 might be helpful
Start here first
also note post #170 and #171
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151891357
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151911719
Recent positives to cause price increase:
July 2019 - purchased 44 patented mining claims (without stock dilution)
August 2019 - heap leach pad starts producing again
October 2019 - shareholder meeting and "Fall Update" - received $3,000,000 in cash and 5,500,000 shares of Desert Hawk Gold Corp in exchange for net smelter royalty...with agreement that Desert Hawk would go public within 18 months.
January 2020 - announced share repurchase plan of up to $800,000.
Clifton has a NET PROFIT.
Clifton has a new, board approved, share buyback because they feel their stock is undervalued.
They own millions of shares of Desert Hawk Gold Corp, which will be going public within the next year.
They receive quarterly dividends from their 18% ownership in American Biotech Labs.
Desert Hawk is producing from their properties now...finally.
AND, Clifton has ZERO debt.
who is the "known pumper" you speak of?
Re:
CFTN is very legit company, there are couple of flaws with it, lack of communication from the company thus very illiquid, also 'Alternative Reporting" status makes investor gun shy about investing in OTC with the alternative reporting status, I have tried a couple of time to communicate with the company and asking them if they can file to be an fully reporting company, they said point blank no intention to because there is cost associated with it. These guys are very stubborn and old school. But they are very legit. I don't own shares anymore.
I have done extensive research on CFTN and Desert Hawk. It is real. Here is a link to the research I have done. Don't make fun of me until you have done the research. https://seekingalpha.com/author/stanley-cutler/instablogs
I do not know why the stock is at 21 cents. I do know it went from 7 cents to 21 cents on very heavy volume. I do know there is an operating gold mine. I do know that Desert Hawk obtained $21 million to enable it to again start up its mining operations. I have visited the mine several times. I have studied the Behre Dolbeart and determined there is at least 166 million ounces of silver in the Shear Veins. CFTN's interim financial report for the first 9 months of 2019 shows a profit of 8 cents per share. Here is a link to the financial statements. https://www.cliftonmining.com/file/a9d8f36a-9edb-454e-bd8f-658aa3d8328c
What I don't know is why the stock is at 21 cents. I suggest you read the research done and read Desert Hawk's S-1. After you have done that, please get back to me and state your opinion. I truly believe that CFTN is extremely undervalued and is a great penny stock. It is waiting to be discovered. I intend to help get it discovered.
Re: Buyback
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Quote:
Net increase in Cash 2,243,610
Cash, Beginning of Year 614,411
Cash, End of Period $ 2,858,021
Total Clifton Mining Stockholders’ Equity 7,815,163 as of june 30th 2019
CLIFTON MINING COMPANY Consolidated Balance Sheet (Unaudited) ASSETS June 30, 2019 CURRENT ASSETS Cash $ 2,858,021 Marketable securities 612 Accounts receivable 1,050 Prepaid expenses 20,552 Total Current Assets 2,880,235 PROPERTY AND EQUIPMENT Mining properties 1,123,565 Buildings, net 160,418 Milling equipment, net 445,736 Total Property and Equipment, Net 1,729,719 OTHER ASSETS Equity investment in affiliate 883,525 Equity securities in affiliate 2,324,330 Restricted cash-reclamation bonds 74,508 Patent filings 14,324 Deposit 350 Total Other Assets 3,297,037 Total Assets $ 7,906,991 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities $ 12,093 Total Current Liabilities 12,093 LONG-TERM LIABILITIES Reclamation and remediation liabilities 48,168 Total Liabilities 60,261 STOCKHOLDERS’ EQUITY Preferred stock, $.001 par value, 10,000,000 shares authorized; 154,584 shares issued and outstanding 155 Common stock, $.001 par value, 70,000,000 shares authorized; 58,770,791 shares issued and outstanding 58,771 Additional paid-in capital 16,763,146 Retained deficit (9,006,909) Total Clifton Mining Stockholders’ Equity 7,815,163 Noncontrolling interest 31,567 Total Stockholders’ Equity 7,846,730 Total Liabilities and Stockholders’ Equity $ 7,906,991 3 CLIFTON MINING COMPANY Consolidated Statement of Operations (Unaudited) Six Months Ended June 30, 2019 REVENUE $ 5,203,228 EXPENSES Exploration and depletion 6,150 General and administrative 5,857 Professional fees 96,761 Accretion expense 1,413 Depreciation and amortization 25,073 Salaries and employee benefits 184,146 Stock based compensation 26,694 Property and claim taxes, filing fees and insurance 24,358 Total Expenses 370,452 Income From Operations 4,832,776 OTHER INCOME (EXPENSE) Interest income 770 Gain from equity securities 7,391 Gain from equity investment 166,332 Gain on sale from affiliated stock transactions 5,775 Other Income (Expense) 180,268 Income Before Income Taxes 5,013,044 Income Taxes - Net Income 5,013,044 Add: Net Loss Attributable To Noncontrolling Interest 37 Net Income Attributable to Clifton Mining $ 5,013,081 Net income per share – basic $ 0.09 Net income per share – fully diluted 0.08 Weighted average number of common shares outstanding during the period: Basic 58,770,791 Diluted 59,301,035 4 CLIFTON MINING COMPANY Consolidated Statements of Cash Flows Six Months Ended June 30, 2019 Cash Flows From Operating Activities: Net Income $ 5,013,044 Adjustments to reconcile net loss to net cash used by operating activities: Depreciation and amortization expense 25,072 Depletion expense 6,150 Accretion expense 1,413 Gain from equity investment (166,332) Gain from equity investments - net (2,100,085) Gain on sale from affiliate stock transactions (5,775) Valuation for stock based compensation expense related to options 26,694 Changes in operating assets and liabilities: Decrease (Increase) in receivables, prepaid expenses, and other assets 2,755 (Decrease) in accounts payable and accrued liabilities (568,576) Net Cash Provided in Operating Activities 2,234,360 Cash Flows From Investing Activities: Acquisition of mining claims (250,000) Proceeds from the sale of fixed assets - Distributions from equity investment 259,250 Net Cash Provided by Investing Activities 9,250 Cash Flows From Financing Activities: Net Cash Provided by Financing Activities - Net increase in Cash 2,243,610 Cash, Beginning of Year 614,411 Cash, End of Period $ 2,858,021 SUPPLEMENTAL CASH FLOW DISCLOSURES: Interest paid $ - Taxes paid $ - NON CASH INVESTING & FINANCING ACTIVITIES: Disposal of fixed assets $ - Noncontrolling interest income allocation $ 37
Quote:
They anticipate the first sales of gold in September.
Clifton Mining owns approximately 5.81 million shares of Desert Hawk Gold Corp., which is currently a private corporation.
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