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Clifton Mining Company (CFTN)

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Last Post: 3/23/2020 7:39:19 PM - Followers: 24 - Board type: Free - Posts Today: 0

CFTN~~WEBSITE~~https://www.cliftonmining.com/




https://www.youtube.com/watch?v=i7fNEq9cxXM

GOLD BREAKING HUGE NOW~~Metals Date Time
(EST) Bid Ask Change Low High
GOLD 10/24/2019 17:00 1503.60 1504.60
+11.60

+0.78%

1487.50 1504.80
SILVER 10/24/2019 16:59 17.78 17.88
+0.26

+1.46%

17.35 17.92
PLATINUM 10/24/2019 16:58 921.00 926.00
+6.00

+0.66%

916.00 935.00
PALLADIUM 10/24/2019 16:55 1759.00 1784.00
+34.00

+1.97%

1699.00 1791.00
RHODIUM 10/24/2019 14:46 4940.00 5340.00
-50.00

-1.00%

-

https://www.kitco.com/market/


the company making money here
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

CFTN~~
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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705 East 50 South, American Fork, UT 84003
801-756-1414

CFTN
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Volume:
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PostSubject
#466  Sticky Note That data is 2 YEARS OLD. Garbage today! Luna Tic 11/13/19 02:12:56 PM
#491   Barely treading water Luna Tic 03/23/20 07:39:19 PM
#490   My thoughts , also. bigone 03/04/20 12:08:01 PM
#489   Real and current news from the Company, should Luna Tic 03/04/20 10:45:01 AM
#488   I sure hope so. Would like to thewhiz 03/04/20 10:34:50 AM
#487   Possibly time soon for news? bigone 03/03/20 04:22:44 PM
#486   Why did CFTN run-up overnight? a review of Luna Tic 02/18/20 07:10:01 PM
#485   Recent positives to cause price increase: thewhiz 02/18/20 08:48:51 AM
#484   Clifton has a NET PROFIT. thewhiz 02/18/20 08:33:14 AM
#483   who is the "known pumper" you speak of? thewhiz 02/18/20 08:02:01 AM
#482   Oh, and they actually have a net profit... thewhiz 02/18/20 07:52:30 AM
#480   Re: CFTN is very legit company, there are Luna Tic 02/17/20 07:13:08 PM
#479   CFTN is very legit company, there are couple dinogreeves 02/17/20 12:38:28 AM
#478   I have done extensive research on CFTN and wanttruthinvester 02/14/20 12:34:03 PM
#476   I see we are holding steady...and overpriced Luna Tic 02/12/20 04:26:26 PM
#475   Re: BuybackThe extent to which Clifton repurchases its Luna Tic 01/30/20 12:37:23 PM
#474   For 1 decade this has been a zombie Luna Tic 01/17/20 03:44:52 PM
#473   Share buyback?!? How many "pump and dump" penny thewhiz 01/15/20 07:38:46 AM
#472   Re:more shares acquired by the new CEOSomeone has Luna Tic 12/17/19 04:05:24 PM
#471   TNTY Wow. Not only more shares acquired by Polebarn 12/07/19 11:36:20 PM
#470   10 years isn't "A while" It's a decade. Luna Tic 11/14/19 11:55:57 AM
#469   About time!! Not a new pump and dump...has thewhiz 11/13/19 02:57:26 PM
#468   thewhiz Wednesday, 04/01/09 03:12:08 PM I'm tellin ya...not much Luna Tic 11/13/19 02:55:53 PM
#467   You're right, that is old...they are making money thewhiz 11/13/19 02:45:51 PM
#466   That data is 2 YEARS OLD. Garbage today! Luna Tic 11/13/19 02:12:56 PM
#465   From ~.04 to .20 on a pump. Luna Tic 11/13/19 12:30:56 PM
#464   Longs massive GLTU seriousonly 11/12/19 10:57:11 AM
#462   Clifton mining is DEAD. These clowns are using TKSix 11/06/19 09:15:10 AM
#461   This PR is absolute BS and typical of TKSix 11/06/19 09:14:18 AM
#460   Could see higher prices. Once .20 breaks Fat Thor 11/06/19 08:39:55 AM
#459   I was just informed with this news by dinogreeves 11/06/19 07:13:42 AM
#456   Correction... this is not the correct Clifton Mining Lazarus 11/01/19 09:36:26 AM
#454   You’re right, I am an expert at NOTHING. Lazarus 11/01/19 02:28:58 AM
#452   Why don't you just kick back and relax. Lazarus 10/31/19 11:57:50 PM
#451   You haven't a clue. I've been trading Lazarus 10/31/19 11:50:32 PM
#449   Yep! Non-dilutors always hold gains and continue north Fat Thor 10/31/19 10:47:16 AM
#448   Why shouldn't it, way undervalued. Just needs dinogreeves 10/31/19 10:43:24 AM
#447   Just looking for another catalyst here Fat Thor 10/31/19 10:16:13 AM
#446   looks like interest picking up this mornin' ... CFTN kairos 10/31/19 10:14:16 AM
#445   Holding gains real nice...just needs some volume and Fat Thor 10/31/19 10:12:59 AM
#444   added a few more this mornin' ... CFTN kairos 10/31/19 10:11:14 AM
#441   No worries, I'll see you at the top dinogreeves 10/30/19 01:25:02 AM
#439   This is a pure scam play as all TKSix 10/29/19 11:00:49 PM
#438   200k share bid .16 ... CFTN kairos 10/29/19 03:34:19 PM
#437   Another day...NO SCOTT - Phone answered ABL not TKSix 10/29/19 02:27:57 PM
#436   Management has to come through or this doesnt stockanimal 10/28/19 05:04:42 PM
#435   I called Scott today and was told he TKSix 10/28/19 04:42:42 PM
#434   Looking for a good week here! Golden_Cross 10/28/19 04:29:05 AM
#433   Business Description dinogreeves 10/27/19 11:11:27 PM
#431  Restored .15 stock...there needs to be REAL PROOF OF TKSix 10/27/19 10:15:54 PM
#430   This report is after NE*M went to the dinogreeves 10/27/19 10:10:51 PM
PostSubject