With a little Effort... tomorrow can always be brighter
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Not sure if you are a 'burned' Goldspring Investor, a Short, or a Long trying to accumulate but your synopsis is light on the positives and heavy on legacy issues.
1) Lucerne did produce for LODE and was recently sold to Tonogold for approx $25 Million. LODE current Market Cap is less than $10 Million and Debt is under $5 Million, soon to be paid out with the sale of over $10 Million to the Opportunity Fund
2) American Flat is a World Class Facility that keeps being leased to other companies as LODE sorted and added claims.
3) MCU AKA Mercury Clean Up is a well established process with Patents Pending. The goal here is not does it work but taking it from 90% Efficacy to 99.9% Efficacy and to see how large it can be scaled.
An LOI (Letter of Intent was just signed with an Major Asian Country (and American Trade Ally) that has ceased all mining until they can do so without people continuing to die from Mercury Exposure. Seems like they are motivated for our solution.
4) LODE has miles of Patented & Unpatented claims around former Bonanzas. When the MCU unit which is now at the American Flat location goes into production, it will clean our leeching pond and recover what is expected to be at least $6 Million dollars in lost precious minerals with many believing it to be in the multiples of that number.
5) MCU not only cleans and removes Mercury. The process recovers the precious minerals that the less efficient processing methods of the past left behind. What do all of LODE's Bonanza sites have in common? Mined decades ago leaving huge tailings and leeching pond(s)
Did 2019 sting? Hell yes! The incredible dilution almost got Corrado fired. He has pledged no more dilution and with over $600,000/month coming in from Tonogold until June 2020, the carrying costs of Lucerne now Tono's obligation, the Fund clearing the remaining debenture and leaving LODE with over $5 million in the bank, LODE maintaining a 9.5% ownership in the FUND (which is expected to grow itself up to a Billion Dollar Valuation (Look around the area, it's on fire. Not enough housing has a Homebuilding Bonanza happening right now! Elon Musk's Gigafactory
https://en.wikipedia.org/wiki/Gigafactory
has many of it's workers living at hotel casinos and in RVs while they wait for affordable housing. This is just one of many tech companies moving to the area from California.
There is a lot more to share but I think my point is made.
LODE today is mucher > not = to GoldSpring of the past.
Bellyaching doesn't do much other than miss the signals of a turnaround/opportunity.
And don't forget... LODE owns millions of preferred shares in Tonogold.
Sorry Old Owl... I usually correct any errors within the time limit allotted but yesterday got crazy all of a sudden and I forgot.
I was trying to say Old Owl is not telling...... I think you are not hearing him.
My apologies.
It was meant as a sign of support.
Everyone has the right to be upset at the process delays... let's not take our struggle out on each other as it serves no purpose.
News is bound to drop any day and capitulation never wins... which usually happens '3 feet from Gold' - Napoleon Hill said it best. Read 'Think & Grow Rich'.... it's a classic.
Old Old is now telling anyone what to do... I think you are not hearing him.
He is reminding us that Patience is the game and that he is also reminding himself to be patient. If you look back at his posts you can feel he too is 'dealing' with the delays.
How many times in history has a war been won because one side got impatient? It happens all the time.
Someone hit their limit today and sold a bunch. It means nothing to us who stayed but it means that person won't partake in the upside on at least those shares... and then again, they won't suffer any Bear raids.
I own a whack here and I plan to be on the WDDD party boat... even if it's just me.
Cheers!
PS: I bought a little over 18,000 shares today :)
Agreed
Changes in the Law can be seen from several sides but I agree, this is very positive for us. This new suit interests me as with this change, I would imagine they want to settle with us sooner than later.
As the walls that were put up to protect infringers come down and the path to settlement becomes more clear, our share price should climb.
Feels that way. Good Call.
Something is up... It might have nothing to do with us or everything. PTAB might be going through a shake up. I know many are upset with them.
Time... (hopefully soon), will tell.
At some point... I am sure we can get a ruling from some higher court to compel them. It's just not pleasant and a last measure.
His attorneys can... usual process.
I'm sure they are... they just aren't getting anything.
Can someone ask Thom if there is a way to get a status update from the PTAB? I think this has dragged on well beyond any reasonable time limit.
Believe what you want....
This is a hit piece which is light on details other than sound bites.
We shall see in the next few months what is really happening here.
If one digs into the facts... he has transformed LODE as well as improved many things in the Virginia City area.
I have done my research. You should do yours.
Then you will have facts and not just salty locals who take every chance to hit out at industry leaders.
The whole Reno to Silver Springs area is full of salty locals. I know, I went out and spoke with many of them recently. The region has seen rents double, real estate getting snapped up, thousands of Tesla employees living at hotels because of the housing crunch as more and more companies flood the area as they leave California for the Reno area.
Reno has seen houses valued at $135,000 just 6-7 years ago hit $370,000 last year and now around $400,000. Affordability is the concern of most of the salty.
Corrado can sell the properties. He just isn't going to give them away. As for the Fund, look into it. There is much misinformation out there.
LODE is a major landowner in the area and it has won awards for it's environmental work in the area. No matter how much good they do... there are always people with their own agendas who can't see the good in what anyone does.
Good one!
Have we heard of any response from the defendant of our new lawsuit?
OTC still has commissions.
But... it's only $4.95 trade so... if someone wanted to scare; not a large barrier... a market order would cause a dump like that.
My guess is someone fat fingered a sell order.
It still amounts to nothing in volume.
As for Stark's post... I don't see it applying to us.
This is amazing that it's taking so long... it has to be any day now.
Have a good weekend!
Silly games... people trying to trick others out of their shares.
Thanks.
I figured.
Hard no.
What happened today was to scare longs.
We know the score here... we already have claims enough.
Have a good weekend.
Quick questions, Who do you think is selling 50 odd shares to keep dropping the share price?
Seems silly?
Sounds like a plan!
Yep.
They just aren't motivated like they should be.
We have moved way beyond where we were at that last offer.
I fully agree. I believe we should be above $20/share. I don't think people realize how big this really is.
Things should start getting good in the near term for us.
So... no Yacht Party? :)
I know, I know... BUT when this finally happens... Yacht Party still :)
Clip the link and put it into your search... did that work?
It plays for me... not sure why it isn't for you
Thanks for the reminder...
It had me relisten to:
https://ih.advfn.com/videos/stock-research/ceo-thom-kidrin-on-worlds-inc-2013_OBrFpkvS8Y4
Exactly Right!
It's the same for everything in Life.
Only those involved care.
Ever try to watch anything you don't care about?
Murder!
So don't let the grind of Life wear you down.
This will happen when it happens.
Cheers!
7 years longer than expected ;)
Winning larger here will still be just as sweet.
Keep the Faith!
It blows my mind how anyone would be selling at these levels but then... people are victims of 'the green grass elsewhere' which causes impatience.
Nothing stinks here.. calm down.
Things are happening... Longs will be happy.
Don't let silence be your undoing.... or let it but blame ONLY yourself.
Cheers.
Things are finally about to get exciting!
Overtime gets people thinking and we have ALL the balls in our Court :)
I hear you... Thom doesn't waste money like that.
He will be singing once he hears the tune. :)
Agreed
For starters... it's not up to Thom when this happens.
And, my guess is this has been stalled due to ongoing settlement negotiations.
All that can happen here is to be patient... or sell.
Every lawsuit I have been involved in has each level trying to get the parties to agree to settlement and avoid wasting more of anyone else's time.
The more I think about the latest infringer being sued... the more I believe our counsel had us do it to show we can't have a simple cash settlement. We need the findings as we have others to sue.
I am weary but have the good sense to play elsewhere while this works it's way through the system.
We have the best working on this. It will be very good.
Is this the Friday we've been waiting for?
Oct 16th next week...
Oct starts on Tuesday... I think this heats up as we ride towards the 16th. Not asking anyone to do anything... no pump here.. just keep an eye out. Cheers.
It does seem like NEWS will pop this quick... I agree, time to add.
I believe they did.
Thanks
So much is about to happen here with GenCanna... Shorts are speechless and Longs not excited about a possible Massive Payday?
Just Tumbleweeds....
Have a Good Weekend.
Speaking of which... Patent, when is your next article coming out?
It would seem we are really close...
Thanks Old Owl for this reminder. It has been awhile, I would love to see the excitement we had here years ago here when all the possibilities ran wild and on what? Nothing compared to what we have today. My experience is this is how the Law works. It beats and beats down on you taking away the joy AND that's why you bring in the best Attorneys in their field to let the Infringers know we aren't going anywhere and we DEMAND Justice.
Let's get this one in the History Books as an Epic Win against IP Bullies.
With every step forward we increase our Award and they lose.
Have a great Weekend.
Excellent point.
Have a good weekend :)