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The 400K is supposed to be returned after the DRMS signs off on the reclamation of the settling ponds. That was included in a PR.
Go CGFIA!
Bob
I believe that the 400K is still being held by Colorado. Is there DRMS documentation that the warranty has been returned?
GLTA
Bob
My understanding is that CGFIA had $1,000,000 in financing available to bring the mill to an operational state back in December. Some of this financing was diverted to the increase in the bond - about $200K I believe. When the reclamation is complete I believe that the DRMS is supposed to return about $400K of the bond. If these numbers are correct that would provide CGFIA approximately $1.2 million to ready the mill for operation.
Ficose, do these numbers look correct to you?
Go CGFIA!
Bob
I look forward to anything that gets a response.
GLTA
Bob
If it continues like this until it is time for the 10K in November, I am tempted to pick up a million shares for less than 1K because the price would have continued to drop below .001 per share.
Very high risk ...
GLTA
Bob
I haven't heard of anyone that has gotten a response to an e-mail inquiry.
GLTA
Bob
I stopped by my sister's house on the way home to check on my Mom - 89 years old. No damage there or at my house in Culpeper. It looked like everyone in my subdivision wanted to stay outside until dark. I guess they aren't used to quakes.
.0006 today .0008 tomorrow.
Go CGFIA
Bob
About 35 miles from where I work. My sister lives about 20 miles from the epicenter.
Go CGFIA!
Bob
I'm at work in Ruckersville, Virginia. It shook for 20 to 30 seconds here.
Go CGFIA!
Bob
I'm about 35 miles from the epicenter. It was an interesting ride. Now all we need is for the CGFIA Train to leave the station.
Good luck to all CGFIA investors!
Bob
Will we see $2,000 this week?
Good luck to all CGFIA investors!
Bob
It looks like AMCG is still a victim of intentional price manipulation. That is the only explanation that I can give for the sale of 100 shares earlier today.
GLTA
Bob
Gold over $1,800!
I got one right.
Good luck to all CGFIA investors!
Bob
The down trend continues.
GLTA
Bob
Thanks for the DD!
GLTA
Bob
Hopefully you will have some success. The U.S. e-mail address seems to be a black hole.
GLTA
Bob
I have to agree with you!
GLTA
Bob
Th main element inhibiting the stock price per share is a lack of communication with investors.
GLTA
Bob
Gold could hit $1,800 this month!
Go CGFIA
GLTA
Bob
Welcome aboard and thanks for the DD!
GLTA
Bob
From what we can tell all company activities are in China. This includes web activities that are in Chinese. We had a contibutor on this board that could read Chinese. However, he is no longer active.
GLTA
Bob
Those numbers represent the MM with the highest total at either the bid or the ask not all MMs at the bid and ask.
GLTA
Bob
Amico's games are for the Chinese mobile phone market. To my knowledge the games are not available in the U.S.
GLTA
Bob
Here is the highest MM at each:
0.0005 80,066,522 0.0006 25,000,000
Go CGFIA
GLTA
Bob
It looks like more investors sold AMCG yesterday as Management continues to fail to support the stock price.
GLTA
Bob
As a stand alone property, without any mines, running at full capacity my best guess is an annual profit greater than $20 million. If you use a multiple of 15 that would set the value of the mill alone at $300 million plus.
Go CGFIA!
Good luck to all CGFIA investors!
Bob
Crisis Management!
I see Crisis Management as the norm going forward for all developed nations. It is obvious that this is what is happening in Europe and the U.S. Politicians of all stripes will continue to kick the can down the road as long as they can and point the finger in the other direction.
That is great news for CGFIA!
What could be better for a company that is invested in the exploration, mining and milling of gold and other precious metals, than systemic world inflation created by the political class?
Good luck to all CGFIA investors!
Bob
One thing that I will say is this -
Based on the information in the financial reports, including the percentage that revenue is increasing and the projected expenses over the next 12 months, the stock is significantly under priced.
Some might make the argument that the data in the financial reports is questionable. Since the financial reports are not audited this is entirely possible. I would add however, that it doesn't make a lot of sense to falsify financial reports while still showing a modest loss from operations and continuing to do nothing to promote the stock price.
I look forward to any responses concerning the legitimacy of AMCG or any suggestions as to what AMCG should do to promote the PPS.
GLTA
Bob
I understand the concerns being expressed.
AMCG has failed to promote their stock price.
My suggestion is to send them an e-mail at:
investor@amicogames.com
I'm not sure if it will get any results of if the e-mail will even be read. But, it will at least provide an outlet. I do ask that if anyone gets a response to please post it on the board.
GLTA
Bob
ROTFLMAO!!!
Go CGFIA!
Bob
I think that it is time to start posting real DD at yeehaw!
On the other hand that might lead to more noise than is necessary.
Go CGFIA!
Good Luck to all CGFIA Investors!
Bob
I e-mailed investor@amicogames.com this morning.
If I get a reply I will post it here.
Go AMCG
GLTA
Bob
AMCG Gaming for Chinese Smart Phones!
AMCG great fundamentals!
AMCG is up 20% today!
AMCG is absolutely UNDERPRICED!
AMCG is definitely UNDERPRICED
AMCG Profits for next 12 months!
Latest quarter sales 773,562 times 4 = $3,094,248
Yearly Projected expenses from 10-Q = $2,150,000
Equals annual projected profit of $944,248
This would mean a P/E Ratio of 2.32 at the current share price!
For a company that is increasing revenue at a rate of about 30% a P/E Ratio for next year of 2.32 would be incredible!
Go AMCG!
GLTA
Bob
Utah Payday and Rage Uranium Mines
News From Colorado Goldfields
Colorado Goldfields Inc. Acquires Utah Payday and Rage Uranium Mines; 63 Unpatented Uranium Claims with an Estimated Value Equal to $14,000,000 - Part 3
Gold Stocks
LAKEWOOD, CO -- Colorado Goldfields Inc. (OTCQB:CGFIA) (CGFIA.PK) announced on June 29, 2011 that the Company had acquired the Payday & Rage Mines located in San Juan County, Northeast of Monticello, Utah. This acquisition marks a significant expansion into other metals, both "precious" and "exotic," and provides Colorado Goldfields a greatly enhanced ability to capitalize on a wider number of market drivers for price-both investor economics and manufacturing.
John Ferguson, Director of Operations for Colorado Goldfields, provides the following background and insights into the importance of this acquisition.
The recent acquisition of a group of claims in San Juan County, Utah area affords Colorado Goldfields with an important strategic opportunity. This group of claims is located close to Monticello, Utah and close to the Southwestern end of the famous Uravan Mineral Belt. The Uravan Mineral Belt was first mined in the early World War I era for carnotite (a uranium mineral that contains radium) for the radium content which was used in Madam Curie's radiation experiments, and in phosphorescent paint.
After World War II, the area was extensively prospected for uranium for use in the nuclear weapons program. The US Atomic Energy Commission constructed a uranium mill and ore buying station just south of Monticello. Extensive mining took place in the Colorado Plateau Region beginning in 1953-54. During that time, additional mills were constructed in Uravan (Union Carbide), Naturita (Vanadium Corp of America), Durango (VCA), Hite (VCA), Grand Junction, Colorado (Climax Uranium), and later Moab, Utah (Atlas Corp). By the end of the decade the massive increase of production of uranium from the Colorado Plateau, Grants, New Mexico, and other areas of Colorado, New Mexico, Wyoming, South Dakota, and Texas were supplying more uranium than was required for the weapons program.
A considerable amount of production has occurred adjacent to the area of the Colorado Goldfields claims- both to the north and east of the claims. Most notable were the Deremo group of mines to the east which were operated for many years by Union Carbide and other mines in the Summit Point area northeasterly from Colorado Goldfields' claims.
About Colorado Goldfields Inc.
Colorado Goldfields Inc. (OTCQB:CGFIA) (http://www.cologold.com) is a Denver-based junior exploration, mining and milling company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements
This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
AMCG China Mobile Phone Gaming!