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BLRVQ: Finra deleted symbol. Acquired.
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/22/2013&mkt_ctg=NON-OTCBB
Bullion River as per cvpalmer.
You seem to be up to date on the subject noting your September post.
2 heads better than one.
Let's be in contact.
prmrgrbr@gmail.com
Bullion River as per cvpalmer.
You seem to be up to date on the subject noting your September post.
2 heads better than one.
Let's be in contact.
prmrgrbr@gmail.com
Ready... GO!!! Well, the value of all common shares is about $275,000! The original investors of BLRV put in millions to get the Washington mine going. Humm... will these original investors get any of their investment back???? It's up to the B of Directors I guess! I am betting they will be "pressured" to remember these original investors and at least give them 50 cents a share for their trouble... which is about 100X it's current price! SMILES
And... some of the big players need to cash out and retire. Can't cash out until BLRVQ goes public folks!
The fuse is lit folks! I've been following this stock for 5 years. Shasta Gold Corp. is making money and ready to expand big-time. They need to go public to get better financing terms in the market of BIG finance. They also need to reward the old shareholders of BLRV, especially the Germans who invested 5 million 3 years ago!
Something is BREWING????
Does incorporation in the state of Nevada run out in the spring??? If it does, will something BIG happen????
Seems a tad funny to me to link Kitco charts of the price of AU/AG when the company its displayed on currently is not producing a pennies worth of either of the latter mentioned metals.
I heard BLRVQ was a good one. Been watching, not much to like here. I will stay right where I am for now, doing ok.
Did the market maker for BLRVQ stock just unloaded 1,000,000 shares last Friday?? Is the Market Maker buying them for next to nothing and then he sold them for a $8,000 profit (at $.008 per share)????
Something is brewing maybe????
here is a link to tell you what i was told.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58761253
In production they are under French Gulch (Nevada) Mining Corp, Sub of Shasta Gold Corp. I know for a fact. However I think BLRVQ.PK stock is dead? I know they are in moderate production, I don't know status of old stock.
There better be some hope! A year ago or so a private placement for $20,000,000 was completed! They might already be in production! The company is hush, hush, because of all the crap that happened over the last 4 year. A private company doesn't have to breath a word on what is going on!!!
HELLO....ANY HOPE OUT THERE FOR THIS COMPANY????
Chang
New might be forthcoming!
I detect (wild ass guess) BLRVQ stock trading is telling us something today!
Now that snow is coming and the mining season slowing down, could it be possible that news is forthcoming?
Might be time to mortgage the house and buy all the stock you can get your hands on folks!!!
Conspiracy Theory!!The Germans lose everything if they drop us in bankruptcy court.
Just a thought!
A German company invested in millions of BLRVQ shares 3 to 4 years ago! Is it possible Shasta Gold Corp is hoping to reward this company eventually, allowing them to gobble up shares over the next several years as everyone else sells out?
What is really happening???
Is it possible Shasta shareholders are hoping the BLRVQ shareholders dump all their shares onto the market over a period of several years... to be gobbled up slowly/secretly? This way, when the good news EVENTUALLY come out... BLRVQ will shoot to the moon?
Is it possible Shasta shareholders are hoping the BLRVQ shareholders dump all their shares onto the market over a period of several years... to be gobbled up slowly/secretly? This way, when the good news EVENTUALLY come out... BLRVQ will shoot to the moon?
Thanks Jeffn. I know the Washington mine is working. Its all the other stuff I find myself concerned about. Its been a long time comin'
it's a strange situation. as far as i know, there are no commons left. must be trading as a shell. who the hell knows. jmo
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58761253
Anything about the transition that will affect BLRVQ stockholders?
It looks like two "non-individuals" hold 70 millions shares! One is a German firm, the other, not sure! The German firm holds 61 million shares at .05 per share, invested, or, a total of around 3 million dollars invested! And, they won't be taking a loss on their investment, if you know what I mean! SMILES
A German company I believe, bought -private placement - many millions of shares of BLRVQ at 0.05. I don't think they plan to sell any time soon! Today's price of .007 per share is a STEEL!!!
Playing the "Shell Game" makes everything easier and faster! Shasta Mining Corp will become a publicly traded company by merging into BLRVQ (an empty shell). Then it will change the stock symbol on the OCTBB and bingo, a newly traded company! All done easily and efficiently... and legally! Better start buying ASAP!!!
GO TO:
http://investorshub.advfn.com/boards/board.aspx?board_id=7145
...and learn what is going on!!!
Sorry... Nel has 3,000,000 shares! I think Tim doesn't need any shares. He is running the Washington Mine for fun - not profit.SMILES
It sounds like the Bankruptcy Court will allow Shasta Mining Corp to issue stock to cover unsecured creditors and common stock holders of BLRV. Lets hope it happens as soon as they start production again, which could be any day!
ha ha! you do realize that they have no assets anymore, correct? it all went private after bankruptcy proceedings.
The Redding CA newspaper is coming out with news tomorrow!
I have lots of shares and have been buying the last three years in hopes of retiring soon! I think it will go TO THE MOON FOLKS!!!
sure took a beating today. seems like they just keep adding a couple million shares here and there and slowly dump them onto the bid. it is strange, that is for sure.
Nel Gerhad who became the CEO of Bullion River Gold after Tim Callaway left and went to Shasta had over 3 million shares in the company. I wonder if the new Shasta Corp is keeping intact all the shares?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6359562
Also whoever these "New" equity holders are, I would be very interested for Shasta to go public as well since they are the ones who probably got screwed when Bullion went BK. No brainer.
Thanks Jeff, I am scratching my head as well. I would think if I had the assets of Bullion and Tim use to be at Bullion the first thing I would do now would make Shasta public as they are in a much better financial situation.
Definitely a wait and see, do like that it trades the last few months and it is not a totally dead stock. If I was Tim, go public, give yourself and officers a chunk of shares and get the party started. lol. The Markets would love another mining stock for sure with some nice assets to boot.
take the central index key off of that nevada filing (0001168458) and search this website for it.
http://sec.gov/edgar/searchedgar/companysearch.html
comes back as BLRVQ.
then go to the shasta gold website. only way i could find to contact them was by email. got this response from tim callaway:
"Actually we are a private company.The federal bankruptcy court cancelled the old equity(shares) in the approved plan of reorg. The new owners own 100% of the equity in Shasta Gold Corp. I have no knowledge regarding pink sheet listings or symbols.You could probably contact the exchange that lists the stock for more info."
i did the DD on this one a few weeks back and all it did for me was leave my head spinning. everything says its a traded company except the guy running the show. so who knows?
Shasta Gold Corp Registration is ACTIVE:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=nY4x4yxL2CyGC2OcmSsGOw%253d%253d&nt7=0
From the looks of these amendments something is brewing:
March 2nd file date is key here imo:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=nY4x4yxL2CyGC2OcmSsGOw%253d%253d&CorpName=SHASTA+GOLD+CORP.
I am trying to figure this out too. So Bullion River Resources filed for BK in Feb 2009 and Shasta Corp is a private company that may want to go public with the reorg amendments back in March 2010. From what I see the O/S is 3.5 million, is that correct?
Bullion River definitely has some decent assest for sure:
French Gulch gold mine awaits permission to reorganize
By David Benda
Record Searchlight
Posted December 20, 2009 at 10:51 p.m
With gold prices hovering around record levels at $1,100 an ounce, the bankrupt French Gulch Mine remains stagnant as its parent company awaits court approval to reorganize.
The mine remains in a care-and-maintenance state with a skeleton crew of about 11 employees.
Bullion River Gold Corp. and its subsidiaries filed for Chapter 11 bankruptcy protection in February, claiming it was necessary because creditors were threatening to shut down its operations.
The company declared $30.1 million in assets and $10.56 million in liabilities.
Bullion River Gold would reorganize by attaining $1.3 million new equity financing, hiring a new engineering and geology team, and locating its administrative office at the French Gulch Mine, court papers show.
A bankruptcy court status conference is scheduled Tuesday.
Redding attorney Dennis Cowan represents I-5 Rentals, which at $247,813 is the largest north state firm holding an unsecured claim in the case. Cowan said the judge on Tuesday could approve Bullion River's financial disclosure statement. Should that happen, the reorganization could be approved within a month, Cowan said.
"It looks like there is a proposal for the unsecured creditors to get a small amount of the newly issued stock, about 25 percent, so it's not much," Cowan said.
When Bullion River Gold started mining in French Gulch in 2006, gold was trading at $600 an ounce. The company had mined about 1,280 ounces of gold and 359 ounces of silver, generating roughly $800,000 in revenue in French Gulch by the end of 2006. However, Bullion River Gold still claimed it needed additional capital to continue operations, according to court papers.
At one point, French Gulch had nearly 125 employees and mining continued through June 2008 but at a reduced rate "due to financial constraints," according to court papers.
In November 2008, the board of directors determined the high cost of compliance under the security laws made it impossible for Bullion River Gold to remain a public company.
By January, the work force at French Gulch had been slashed to 11 employees. A month later, Bullion River Gold filed for bankruptcy.
All told, Bullion River Gold extracted about 11,000 ounces of gold from 2006 to December 2008 in what court documents call "a failed attempt to achieve commercial production" in French Gulch.
http://www.redding.com/news/2009/dec/20/french-gulch-gold-mine-awaits-permission-to/
Gold mine looks to hire
REDDING, CA — Newly reorganized and emerging from bankruptcy, a historic gold mine near French Gulch is once again hiring miners.
Now known as Shasta Gold Corp., the firm that operates the old Washington Mine is based in French Gulch, a small Gold Rush town west of Redding.
Fifteen miners already are working the mine and in a year there will likely be 40, said Tim Callaway, president and CEO of the company. That’s a third of the nearly 120 who worked at the mine in 2007, when the company running it was called Bullion River Gold Corp. and based in Reno.
“We are not doing anything bigger,” Callaway said. “We’re actually doing things smaller.”
Callaway, who was Bullion River’s acting chief operating officer in August 2007, said the reorganized company will try to haul 100 tons of ore per day out of the Washington Mine.
Bullion River had explored the mine only for quartz veins, which hold gold, he said. Since the operation never reached full production, Callaway said, he didn’t have an ore-per-day amount with which to compare what it will soon produce.
Bullion River filed for Chapter 11 bankruptcy protection in January 2009.
Callaway said the company has been completely reorganized and a federal court confirmed Shasta Gold Corp. as a company in February.
First mined in the 1850s, the Washington Mine still has the potential to produce three-quarters of an ounce of gold per ton of ore, Callaway said. Gold is going for $1,115 per ounce. At that price the mine could generate about $85,000 a day.
While the company was in bankruptcy court, work was stopped in the mine. Callaway said nine full-time workers stayed at the mine to work on “care and maintenance,” but no gold was mined. As the company rebuilds its workforce, he said, it will look to rehire workers who were laid off.
But first the company is focused on revising its environmental permits to start mining again, he said.
Chief among those permits is a plan being reviewed by the Regional Water Quality Control Board for a $300,000 water treatment plant that will be built over the next three months, Callaway said.
While the mining was on hold, groundwater filled many shafts in the Washington Mine, said Phil Woodward, senior engineering geologist in the control board’s Redding office.
“When it was closed it got flooded in there,” he said.
As the mine is drained, the treatment plant will pump 300 gallons of water out of the mine per minute, he said. The water will be diverted into French Gulch Creek, which joins with Clear Creek and flows into Whiskeytown Lake.
Once the water is drained the plant will still need to pump about 20 to 30 gallons per minute to clear groundwater seeping into the mine.
The treatment plant will remove arsenic from the water. If the plant weren’t in place, Woodward said, the water would likely seep out of old mine vents and into the creek.
“By pumping that water and treating it, the water quality will actually improve,” Woodward said.
http://www.redding.com/news/2010/apr/07/gold-mine-looks-to-hire/
looking at events too... cannot figure out how they went from 750M a/s to 3M & now 5.5M without r/s since March... looks like big shortage here...
http://us1.campaign-archive.com/?u=0e55bc49f1b87488465f70fd9&id=b90b715201&e=7af4167d1a
trying to do some dd but a little occupied at the moment.
any idea when Shasta Gold merged into this shell?
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