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but these 50% shares of HGLC can´t disappear. where are these shares??
what about all these properties of HUNT (about 15)?
why FFGO has declared HUNT as "hopelessly bankrupt" and nevertheless has paid "trade credits" for HUNT - about 45.000$?
my supposition is, our management has taken these write-offs because they wanted to empty FFGO in view of a modification of regulations.
mgmt. had written about such necessity. I hope it was the real reason.
what about the "restructuring" of HGLC shortly before the company was punished by the SEC because of the crimes of the former management- a fine of 300.000$? this fine is ridiculous compared to the declared value of the assets of HGLC.
remember: in the months before the announcement of a restructuring
HGLC has drilled its "flagship property" - how mgmt.has called it -
intensively with good assay results.because of these good results mgmt. has staked out a lot of additional claims.
in 2004 Prof.Colliston (geology, universities in South Africa) has estimated a value of 400mil US-$ (conservative estimate)for Mockingbird. price of gold 400 US-$/ounce.
concerning the processing of tailings - ASPA Gold (??):
see little green ITRONICS INC. in Nevada, perhaps interesting for our management
Itronics Inc. (ITRO) – Rock Kleen – Death, Taxes and Mine Tailings
[url]https://emerginggrowth.com/itronics-inc-itro-rock-kleen-death-taxes-and-mine-tailings/
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no, no reverse split
how do you know this?
they have never published any word about "get rid of mockingbird".
additional to mockingbird there are about 14 properties in HGLC.
they have drilled and assayed for mockingbird e.g. and they had published it (2008?)
of course there are a lot of depleted mines in this region.exactly these mines the gold of which was especially easy to extract.
now you have to dig deeper to get the gold. and don´t forget the "detachement fault" type, which bears lots of gold generally. this type of deposit was only since the 1980´s recognized as a separate type.
read the assessments of Prof. Colliston - department of geology, universities in SA - for the Bouse (FFGO) and the Mockingbird (HGLC) project.
these companies - FFGO, HGLC, GNCP,...- have documents taken from the firms which have explored before. or mgmt. has done "rough" exploration. the question of ownership we have discussed over and over. I will not repeat here. remember: agreements with Searchlight.
if there has been exploration, I don´t know. I suppose there was.
until proof of the opposite I trust our mgmt.
it´s all speculation.
interesting too: the regional concentration of the gold and silver properties - Arizona, Nevada, California
NSS or illegal NS : it´s a crime.
the criminal usually waits until he is forced to confess, e.g. if the damaged corporation pays a cash dividend. before that you can´t see the crime - only suppose it.
2 trillion authorized
about 300 billion outstanding - is it for real? I dont know ´
in the case of FFGO mgmt. declared the big number an error, if I remember correctly (?).
i.e. they could reduce the number - in principle
float: a little less than 500 million
HGLC not necessarily dead: Grey / Expert Market
what about the lot of gold properties?
what about the promised dividend from the sale of Molygold?
sale of Lookout Silver??
the sentence:any valuation is north of 0.0005 per share
is from October 2018 - rise of the price of gold since then?
the valuation should be a lot higher today.
the FFGO dividend - which we are waiting for until today - is calculated with a number of shares of about 75 billion, a lot of shares too.
I hope we will have clarity soon.
would you sell in this situation? I would not. this correction is very healthy I think. let it run its course.
only if GNCP fulfills the known conditions they get the ownership in form of titles. if mgmt. has fulfilled all of these conditions, I don´t know.
but I mean GNCP has fulfilled the main condition that is to say to pay the work requirements by creating conv. pref. shares and giving them to SEARCHLIGHT. I can only speculate that SEARCHL. has explored for these shares. or GNCP has contracted relative extensively explored properties, in which case GNCP has good knowledge about the amount of gold, silver...within the properties. I don´t know.
a lot of speculation. but mgmt. has warned in its publications, that
exploration is a very risky business, which can result in a total
loss of the investment.
you should read carefully.
for clarity only:
I have never agreed to your statement that mgmt. tried to mislead investors.
imo mgmt. has never tried to make investors believe, GNCP is unconditional ownwer of the properties. from the beginning they have published the conditions to become owner ( that is to say by fulfilling the agreements with SEARCHLIGHT).
GNCP´s strategy is standard in mining.
If you have believed in the ownership from the beginning,which nobody has contended, that´s your problem.
but no unproven insinuations please.
your insinuation is criminal behavior of mgmt., that is to say to sell shares only to sell shares to make money.
a proof you have not given until now, because you can´t prove anything until now.
I don´t think in your direction.
only future will show the truth.
as far as I know the pref.shares have to be served first.
and I think you need a lot of money to serve all pref and common shares.
we don´t know anything about the amount of silver.
sorry, it´s all speculation
if GNCP fulfills the conditions of the agreement with SEARCHLIGHT, GNCP gets the necessary titles as precondition for a sale of the properties.with the titles GNCP is allowed to sell.
if they don´t fulfill, of course no title. imo GNCP will fulfill the agreement and get the title for every property.
if they don´t fulfill, all the work would have been futile. I don´t think in this direction.
I hope you know the irrelevance of this "ownership discussion".
you know about these agreements with the exploration company called SEARCHLIGHT.
i hope you know that a firm which leases a property has the right to explore without any proof of ownership.
these problems have been discussed dozens of times here.
all this is very remarkable
I have no idea about the amount of silver in these silver-subsidiaries of GNCP (consolidated expl. and walker lane expl.).
if there is enough silver in these properties and the price of silver is high enough - how high? possibly about 50 $/oz and a buyer is found - then there could be a dividend in cash. the price of GNCP shares could explode.
may be with rising silverprices the prospensity to buy the silver of GNCP is rising too.
the selling price of american molygold (620 mil US-$) for payment of a dividend too?
if so, the rest would only be gold properties. all the properties of the last ten and more years should come to light, i.e.
white hills
all gold properties of HGLC
mgmt. has declared in 2008 that mockingbird had enough working capital to fund extensive exploration work. certain of the gold properties have proven reserves and have completed bankable feasibility studies.(Nov 03, 2008, update). further: mockingbird is hold by a subsidiary of HGLC. from this follows:
how many properties are in subsidiaries? what is the structure of HGLC??? HGLC is expert market now, it is not dead.
bouse inc., s. copperstone inc. etc.
both are subsidiaries of western diversified mining inc.
an enticing idea. if so, we would find out, which problem mgmt. had with these people.
yes, but the problem is: with which price is the seller satisfied?
a lot of people expect further new highs. of course you can find reasons for still higher prices (pandemic, overliquidity, inflation expectations, fiscal policy, interest rates,...).
considering the price of gold, we are in new territory. decisions to hold or to sell are difficult. especially if big values are involved. so is the situation of mr.blom and mr. lowenthal.
it´s not so easy.
assumed you are right:why should something trickle down to common shareholders of GNCP?? if PDIV sells shares in PDIV ownership?
if PDIV sells rights or something which belongs to GNCP - e.g. white hills, mohave consolidated, walker lane or a part of one of these companies, it´s another thing. imo
PDIV has the right to do this, because PDIV is majority shareholder of GNCP. a possible profit would to be distributed among all shareholders of GNCP.
shortly: until indefinitly
remains to be seen
I hope it´s only the FORM of an iceberg - about 85% beneath the surface.
and they have explored Mockingbird and they have written about very good assay results and they have staked a lot of claims surrounding original Mockingbird property. then the fine and "finished".
before that "event" they had announced a restructuring for a higher share price (?).
no, about 1.230 $/oz.
you find the name of prof. colliston as a consultant of HGLC too
go to OTCMARKETS and HGLC.
hallo varmit,
"dr. colliston" is professor in a university in south africa. you find him in the internet. (Wayne P. Colliston)
if we assume we will hear about FFGO,I am very curious to learn what mgmt. has done to bring "old" FFGO to life again - because of the two year timespan after an administrative dissolution (discussed earlier this year).
perhaps they create a new company with the same number of shares like FFGO, which buys the pref As+Bs. every shareholder of FFGO would get the same number of shares he had in old FFGO. it would be easier to bring back FFGO directly (possibility?).
considering HGLC there never have been filings. mgmt. could have
produced the necessary balance-sheets to publish them now. I could imagine they have these documents to show them to IRS e.g.
as I have shown earlier the payment of the fine (300.000 US-$) should be no problem - Mockingbird alone has about 1 mil ounces of
gold (Prof.Colliston´s estimate: about 400.000.000 US-$,without intensive exploration,gold price 400$/oz in 2004). Mockingbird with high probability is a "detachment fault" property (Prof. Colliston). in this case there should be a lot more gold beneath the surface. HGLC has about 15 properties.
I am convinced Searchlight has explored all these years for economic reasons. the more intensive explored, the higher the price, if the properties are sold. someone with rather deep pockets must have paid in cash. all speculation imo.
BOUSE is a "detachment fault" property too (!).
for belief will not be paid much. but I am sure there is more gold beneath the surface we can imagine.
yes, correct.
the question is only, if these facts contain FFGO, HGLC,...,too, or only GNCP as we know it.
i`m very anxious to see,if there will be benefits from these "old" companies.
of course you don´t know it.
I hope you are right.
this "benefit" depends on the respective perspective.
arguments for a big or a very big package :
- in the meantime (more than ten years) they have sold nearly nothing - in any case not in front of the public,
- they have used three firms, the fine against HGLC may have come almost desired,thereafter HGLC was silent ( not one word about the announced restructuring in 2009)
- they have purchased in one region: Arizona and Nevada, not worldwide or so.
perhaps the coming buyer is the coming customer. by this strategy a big buyer is able to veil its intentions. but all is speculation.
imo it will be a package deal: the two silver - after the gold for silver exchange in 2015 - subsidiaries, i.e. Mohave Cons. Expl. and Walker Lane Expl.Inc..
assumption is that the price of silver shows a very strong performance in the short run, what is possible imo.
if silver has a bull run, it could overshoot the price of gold easily - past shows it.
mgmt. could pay a small dividend and a rest of the selling price use for mining or ...i don´t know. or they use all for a dividend.
if they make credible announcements, the share price would rise imo.
all the gold properties in FFGO, HGLC, GNCP,...would be retained, and only gold.
after the sale of the silver new decisions could be made about all these gold properties. the development of the share price could become very interesting.
the hypothesis is that all the assets of FFGO, HGLC, GNCP,...are reachable by these contracts with searchlight a.s.o.
i think mr.blom and mr. lowenthal have a very longterm strategy.
all my opinion and pure speculation.
until now i have no idea about cbd.
TO WHOM IT MAY CONCERN
2 RESTRUCTURINGS of GNCP and a MODEL CALCULATION
first restructuring:
in 2013/4 the structure of the company changed. GNCP as a holding company and three new 100% subsidiaries were created, all gold/silver properties of the old GNCP were transferred to
- White Hills Gold Explor. Inc.,
- Mohave Consolidated Explor. Inc. and
- Walker Lane Explor. Inc.,
i.e. after the restructuring we find in these daughters the same properties, for which old GNCP about 44 mil US-$ had paid; the payment of the 44 mil US-$ was in conv. pref. shares.
only the name of „White Hills …“ of the daughters contains the word „GOLD“(!).
the old GNCP and the three daughters until to the 2nd restructuring have paid a lot for work expenditures by conv. pref. shares to Searchlight and other exploration firms, also for the properties.
which were returned to the claimholder in the 2nd restructuring.
second restructuring:
the result of the 2nd restructuring in 2015 was a massive exchange of gold properties for silver properties, i.e. the components of the three subsidiaries were changed massively. of course the consequence is a massive silver heaviness of the subsidiaries and so GNCP too. now „Gold Explor. Properties“ are only in the White Hills Gold Explor. Inc..
for the exchanged gold to silver properties old GNCP had paid about 20 mil US-$ in shares as purchase price, addition of the „old“ silver properties – about 13 mil US-$ - to this sum gives the result:
GNCP has paid of the 44 mil US-$ investment now about 33 mil US-$ for silver properties after the 2nd restructuring, i.e. about 75% of the investment are now in silver.
GNCP is a silver exploration company now.
after the restructuring the daughters have paid every year for the exchanged properties about 320.000 US-$ in conv. pref.shares.
there must have been a lot of exploration in all these years for all this money i.e. for all these
pref. shares.
model calculation:
if we use for the moment of the gold-to-silver exchange in 2015 a hypothetical price of gold of 1.200 US-$/oz and for silver a price of 15 US-$/oz, 80 ounces silver are equal to one ounce of gold, i.e. the new silver properties should contain
number of silver ounces = 80 x number of gold ounces from before.
if the price of gold doubles to 2.400 US_$/oz - not yet - and – during the hopefully beginning bull market for silver – silver´s price may go to 60 US-$/oz, the relative rise of the silver price compared to gold will be remarkable. in this case the original 1.200 US-$ in 2015 would rise to a value of 4.800 US-$ for the 80 ounces silver.
until now a sale of these (mostly) silver properties seems not recommendable from an economic standpoint – price of silver had nearly no movement.
actual situation:
for a price of gold of 1.900 US-$/oz we get for 80 ounces of silver and 23 US-$/oz silver a value of 80 oz x 23 US-$/oz = 1.840 US-$ < 1.900US-$. until now the exchange (2nd restructuring) is no good deal for GNCP.
that means, we have not only a lot of gold but a lot of silver too!!!
without SILVER every 100% daughter of GNCP has a purchase value of about US-$ 10 mil.
the SILVER properties had a purchase value of about US-$ 13 mil.
now silver together with gold seems to run.