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But of course on I-hub it also says they are -Coresource Strategies, Inc. (formerly Hall of Fame Beverages, Inc.), a Colorado corporation, developed a resource management system ("RMS"), to more efficiently and more cost effectively treat oil field wastewater than the solutions that are currently available
So who knows??
According to the ihub page, now trying to sell a cannabis drink
Someones buying? How and why?
Mind if I ask you what you thought you saw from management within the last year or so that would lead you to invest in this company.
I havent seen anything positive from them that would make me think something was about to happen, other than a press release from OMVS about possible partnership? although OMVS does not appear to be a operating company at this point (in the future maybe?).
Other than a quick flip on news , I just dont see what others are seeing. If it was just for a quick flip I fully understand.
I guess maybe people will get a quick flip out of this and make a few bucks, but this company has nothing to offer currently as an investment.
No aircraft, permits or anything else that might benefit a company to merge or work with them.
It reminds me of Congress voting themselves pay raises, it's legal but leaves a bad taste in your mouth.
You would think after 2 reverse splits, and obvious delays at the mill they might dial down the large salaries they are authorising themselves, even if they are not taking the money it is terrible for public relations.
My opinion is still that Guyer has a real job and this is his side venture and treats it as such.
Well I sent Mgmt a e-mail last week asking them if they had any interest in talking about a possible joint venture that I am working on that would fit nicely with their AvStar side of the business.
No response
Wasn't the original plan to work existing tailings in the area till mines could be brought into operation, making the mill opening more important than the mines in the short term?
I agree and on a board like this, there are some interesting dynamics to watch, some of the people I assume are just normal investers, some have an axe to grind, some are flippers and some just enjoy making people angry with their posts.
I think many got lost in the hype and with the permitting process moving forward a year or so ago they probably over invested.
sidenote-I never agreed like some did that Guyer and crew should get paid what they did for accomplishing so little over the years, I my thought is this was a side venture for him and never got his best effort.
Do you just have a feeling, or do you have some knowledge of things to come?
No blood , no foul-- All opinions are welcome, but you are fairly new to this board and some of the issues have been beaten to death over and over, and some tire from the same issues being brought up every couple of weeks by people thinking they are bringing up a new idea.
I have owned CGFI for over 6 years and have heard it all......I was raised in SW Colorado and will continue to invest as long as there is a chance to help the area recover....If i make money even better.
Whether you are bashing or not, it is percieved as such when you say something that would be a negative to the stockholders day after day numerous times, you may be correct but I think you have made your point and your opinion is clear.
Well, to me this boils down to do I believe the mill is moving forward towards opening? or not.
I hope the longs that have put so much time and effort on this board keep the faith, the end or the beginning is within sight.
My sharebuilder has cleared , but I owned a few thru zecco that have not cleared yet
Funny, my account shows the new PPS of $1.01 but still shows my original sharecount, so on paper I am now worth millions of dollars....sadly it wont let me sell them.
Does anyone's account show the new market cap? just wondering
I would say it is a gamble to wait till after the R/S to buy, the price might drop but it might not.
I hope you have nerves of steel, I am cowardly and am buying now and plan to continue buying after the r/s. Good luck in whatever plan you take.
It could be that he is trying not to acquire any company debt, It would be much easier to sell with a fully operating company that has no debt.
I wonder if he has ever sold a publicly traded company before? the daily PPS might not be as important to him as building the total company value.
just thinking out loud, any thoughts?
I hope this is the calm before the storm..so to speak. As have many others I have owned this stock for over 5 years, we will soon know if it was worth the wait.
Good luck to all, and please dont hog the available bandwidth tomorrow, i want to listen to the hearing.
Uhhh yea... guess I dont get your point?
Question- If I use e-trade and I decide to sell shares, doesnt it show up on the e-trade bid/ask? If so how do you know the difference between me selling and a MM?
I do not know if it would prove anything since there are 7000+ shareholders and we are only a small portion of them.
I think we agree of the future of CGFIA, slow and steady and we will make it someday.
I did not expect this, and certainly dont know the master plan, but in the back of my mind I have been concerned that this might become more of a quest for Mr Guyer to (WIN) get the mill open, create jobs, bring Silverton back to life, and has become less about the pps, in the short term anyway.
Oh well, guess I will go dig my letter of resignation out of the mailbox, and put a stop on the check for the huge mountainside house I found (for now at least).
Everyone keep the faith
I think it is time we consider this as an investment rather than a get rich quick plan.
Until milling and mining start the true value of the company will not change much. We may get a quick spike in the pps upon permit approval but until we actually start making money everything else is a expense that somehow we have to pay for.
Quick reality check- The odd's of someone investing a couple of thousand dollars and expecting millions in return has always been a long shot (nice to dream though). What is more realistic might be 5X, 10X, 100X your investment. If your willing to wait long term once the mill/mine open, perhaps the big payoff will happen.
Thoughts anyone?
I am not sure I see any "bad" news from what i've read. It is still going to the board in August as was scheduled.
Anyone thinking they would get out of yesterdays meeting with all conditions removed and all objection denied were really wishing for alot.
We came out with less issues than we went in with, shouldn't we consider that a small win?
Perhaps they were asked not to say anything until a press release is made, either tomorrow or early next week?
I cant speak to your other positions, but CGFIA actually has news, not just a promise of news coming soon.
Since it is on the DMRS site now, others should start to see it soon.
I agree, no one evens knows the good news yet. Even if they are watching the DMRS site for the approval, it has not been posted yet.
our time will come.....soon
Just a reminder to have realistic expectations this morning.
No official news is out, so we are probably the only people that know the good news.
Soon...very soon, good things should start to happen.
Maybe you are saying it wrong, do you mean until contracts are finalised and technical issues like that? Waiting for permission sounds like he is not in charge
Permission from who? Isnt he in charge?
Everybody must be on the DRMS site hitting refresh every couple of minutes waiting for the recomendation to be posted.
I was wondering if being from citi's depository receipt service it verifies that the payment has been payed?
This news link was posted last night-
Jul 18, 2012 (Close-Up Media via COMTEX News Network) -- Colorado Goldfields, Inc. announced that it has paid down a total of $450,000 of the existing promissory note on the Pride of the West Mill through the same funding facility announced in June 2010, leaving a balance of approximately $200,000 plus accrued interest.
In a release on July 12, Colorado Goldfields said that it is anticipated that this funding source will also assist the Company in funding operations through permit approval and into the construction phase of the Pride of the West Mill.
The Company has also received an extension until Dec. 31 of the loan on the Company's Pride of the West Mill. The loan was originally due to expire on July 1, at which time Colorado Goldfields would have had to repay the balance in full.
1st SB Partners, a consulting firm providing strategic advisory services in the micro-cap realm, headquartered in New York City, was instrumental in arranging for and maintaining the financing facility for the Company.
Colorado Goldfields has received over $9 million in preliminary purchase orders for toll gold/silver ore milling in advance of the permit process completion from gold/silver ore mines in the area.
Doubt he would/could tell you anything prior to official decision, almost insider trading type of information.
I only speak for myself, and all I said was seeing the company fly a flight or two a day does not speak towards the profitability of the company.
Rough numbers for a flight: 10 passengers x 300 cost one way= 3000
then subtract fuel + crew + TWAC employee salaries + aircraft rental + maintenance costs = not as much as many would think.
fuel costs alone are about $700 per hour for that type of aircraft.
I am pro AAVG but a flight in the air means nothing about profitability, since we dont dont know if the aircraft is full or 1/2 empty, the flight could be losing money for all we know.
It could have flown 1 way full and empty on the return leg...bottom line is it tells us nothing except that they are still operating.
GO AAVG
Just a warning to everyone to watch crosstalk between conversations, some are talking about what could happen, some are talking about what has happened (ect..etc...)....just be careful.
Just to ensure I am correct, answers to Wally's questions were turned in last Friday, all we are waiting for is the recomendation to the board from Wally's office by the 19th ...correct?
My guess is they didnt want to PR the use of the consultant until they met the deadline to have the additional data turned in.
Would have been embarassing for both if they missed the deadline.
Just a reminder Aircraft use either 100 low lead or Jet A which is still expensive, but as costs drop it can only help the profit margin. In Fort Lauderdale for example the average cost for aviation fuel is $6.86 to $8.96.
For some reason I have the 19th of June down for the DRMS to post their recommendation. Does anyone know if this is still a good date?