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Imagine having the first gold revenues before Christmas. :)
It would be a very Merry Christmas for all the "BONZ" shareholders.
Good luck to all the "BONZ" faithful both old and new.
Hold on to your shares. This is going to trend higher until gold is produced and then gap up.
.25 by the end of the year is quite possible.
Gold production to begin within the next 90 days. First gold revenues before New Year's Day.
From today's press release:
"Today Bonanza Goldfields Corp. announces plans to initiate mining operations in the 4th quarter of this calendar year as a result of securing a $1.66M Financing Agreement with Tonaquint Inc., a Utah corporation."
"We are extremely pleased as this financing agreement with Tonaquint will enable Bonanza to rapidly advance from exploration to gold mining production before year's end," said Michael Stojsavljevich, President and CEO of Bonanza Goldfields Corporation."
"Tests from Bonanza's gold fields conducted in August 2012 were very encouraging with promising results for gold and a number of rare earth metals."
Up 48% on 13.59 million shares.
Great day to own "BONZ". Bad day to be on the sidelines.
Nice base in place to move higher.
Good luck to all the "BONZ" faithful both old and new.
I can imagine a large mining company telling Bonanza Goldfields new C.E.O., "show us what you've got and we'll talk buyout."
FCX comes to mind.
Good luck to all the "BONZ" faithful.
Interesting months ahead.
All imho.
Closing above .06 today would bode well for a run at .12 tomorrow.
Good luck to all the "BONZ" faithful.
The news is getting out to the market.
.12-.15 in a week.
Gap up 50% tomorrow from today's close.
Good luck to all the "BONZ" faithful.
How about a reality T.V. show, "Gold Rush Arizona", featuring the "BONZ" gang launching gold production in the Arizona desert.
I would think the new C.E.O. has the contacts to at least have a discussion with the History channel.
Good luck to all the "BONZ" faithful.
Hold on to your cheap shares.
I expect a 50% gap up at the open tomorrow from today's close. Today's price appreciation and volume combined with the great news will attract both new investors and daytraders.
I've seen it happen 100's of times with penny stocks.
Anyone selling today will have given up 50% in profits by the open tomorrow. That is typical for these situations.
The new C.E.O. has a plan and is working it.
Good luck to all the "BONZ" faithful both old and new.
All imho.
It's always great to be able to buy shares at the bottom before the market finds out about the substantial upside that Bonanza Goldfields offers.
The new C.E.O. has a plan and is making the plan work.
Expect a substantial move higher by the end of the week.
Good luck to all the "BONZ" faithful both old and new.
.12 - .15 is quite possible as early as tomorrow especially if today's volume hits 15,000,000 shares or higher.
Usually penny stocks with this type of news gap-up substantially on the next trading day. Anyone selling today will regret it tomorrow.
A 50% gap-up tomorrow is realistic as the news makes its way to the traders.
Good luck to all the "BONZ" faithful.
Hold on to your cheap shares.
This is just the start of a nice move higher over the next twelve months.
Once it hits a few of the "hot penny stock newsletters" and the company releases the results from the Canadian lab I think .12-.15 is likely short term.
Good luck to all the "BONZ" faithful both old and new.
Bank of America says gold could peak at $5,000/ounce.
http://www.cnbc.com/id/49119240/Gold_Prices_Could_Peak_at_5_000_Bank_of_America
Good luck to all the "BONZ" faithful both old and new.
Hold on to your cheap shares.
The new financing will give the company the opportunity to demonstrate the extent of gold and rare metals at the Tarantula site and set the company up as a takeover target by a major gold producer such as Freeport-McMoRan Copper & Gold Inc. (FCX) which is headquartered in Phoenix.
Good luck to all the "BONZ" faithful both old and new.
Hold on to your cheap shares and add a few more before the news gets out.
I expect the first revenues of $1,000,000 in gold production to be reported in February. It seems that one of the posters on the board that said the really big news would be in February might be proven correct.
Good luck to all the "BONZ" faithful both old and new.
See you at .25 very soon.
Building a very strong base in the .04 range. Great price to launch from when the next news is released.
Good luck to all the "BONZ" faithful both old and new.
Bears may take another run at the share price before the close today. There may be another opportunity to pick up some cheap shares in the .03 range.
Just saying.
Good luck to all the "BONZ" faithful both old and new.
Very good approach to owning it here and buying more shares on the dips.
I expect great news very soon that could easily take it to the .12-.15 range.
Good luck to all the "BONZ" faithful both old and new.
Even penny stocks have bear raids.
I hope everyone added a few cheap shares on the drop.
Good luck to all the "BONZ" faithful both old and new.
Still expecting great news soon.
Dr. Singh knows what is required to start gold production at Tarantula. Probably better than anyone.
http://finance.yahoo.com/news/Dr-Madan-M-Singh-Joins-iw-2400038701.html
I was informed last week by someone that had been the recent head of Arizona's Department of Mining and Mineral Resources and is considered to be one of the world's leading mining engineers that gold production could start at the Tarantula site within two months or less from the time the decision was made to do so.
Good luck to all the "BONZ" faithful both new and old.
.15-.20 by Friday is quite possible if we get news that financing is secured, equipment is on-site, and a "date certain" for the start of gold production.
Increasing trading volume and with an increasing share price over the last three weeks with no news having been released would indicate that someone has better information than the market does currently. It's quite possible that the new investors have been given the opportunity to accumulate shares while the "docs" are getting finalized.
In these situations the buyers generally have better information than the sellers.
Good luck to all the "BONZ" faithful.
Hold on to your cheap shares.
Great news could be released at any time.
Are you still waiting for "price moving" news in February?
I figure if this is at .25 by then and we get the real "price moving" news that you are expecting in February that the .60-$1.00 price targets could become a reality.
Good luck to the "BONZ" faithful both old and new.
I'm expecting "price moving" news this week.
Just saying.
I hope to see .15 or higher in the next week or two and then trend higher from there.
I think we'll all have better information very soon.
The trend is your friend especially in penny stocks.
Good luck to all the "BONZ" faithful both old and new.
Interesting week ahead. I think there's a strong possibility that we find out very soon why this have been under heavy accumulation the last three weeks. Possibly as soon as tomorrow.
There's any number of potential realistic positive scenarios that move the share price substantially higher.
Good luck to all the "BONZ" faithful both old and new.
Hold on to your cheap shares.
It seems there a concerted effort on the board to persuade others to sell their shares. Why is that? Is it possible that there are individuals who want to persuade others to sell so that they might buy at a lower price?
Just saying.
Evidently P.M. Foo wasn't able to bring in the $10,000,000 from the Chinese investors at that point in time. Considering the extent that the company has changed with its new management team who's to say that financing won't come from Chinese investors and be announced tomorrow?
I'm certain the new C.E.O. has substantial contacts to obtain financing and get production started at Tarantula. Considering the recent accumulation of shares and the continual rise in the share price it's obvious that the market agrees.
It is often said that someone who lives in the failures of the past will not benefit from the successes of the future.
Good luck to all the "BONZ" faithful both old and new.
Great news is on the way.
Hold on to your cheap shares.
30,000,000 share day. Price in the .15-.18 range. Coming this week?
Bonanza's Goldfields' C.E.O. co-authored the following article with Edmund Moy, former director of the U.S. Mint, and who is now a V.P. with L & L Energy, "LLEN". They worked together for four years at the U.S. Mint.
http://seekingalpha.com/article/608031-where-are-gold-prices-headed-flat-down-or-up
I think there is a strong possibility that Mr. Moy and his current company may be involved with Bonanza Goldfields obtaining financing and getting gold production started. I don't think a joint venture would be a big surprise.
Exciting times to be a "BONZ" shareholder.
Good luck to all the "BONZ" faithful both old and new.
Something is in the works. :)
Hold on to your cheap shares.
NASDAQ has never reported short interest in BONZ because it doesn't track it.
If you think that their are no shares sold short for BONZ then something must be wrong here.
Some of the new board members may want to know more about Bonanza Goldfields' C.E.O.
I think the following link will accomplish that:
http://seekingalpha.com/author/michael-stojsavljevich
Take the time to read the article that Mr. Stojsavljevich wrote about his expectations as to where the price of gold is headed.
Good luck to all the "BONZ" faithful both old and new.
Considering the recent strong accumulation and increase in the share price with no news it's quite possible that the next press release will greatly improve your understanding of why that happened.
Imagine if it goes substantially higher than .25.
Good luck to all the "BONZ" faithful.
There's much speculation that Mike took the C.E.O. position at the suggestion of Edmund Moy, former director of the U.S. Mint, who had visited the Tarantula site and had been offered the position. Mr. Moy is now a V.P. at L&L Energy which has strong connections to China. The pieces of the puzzle may come together this next week.
Good luck to all the "BONZ" faithful.
p.s. Monday is my birthday. Just saying. :)
The company can be in gold production at the Tarantula site in less than two months. Take that to the bank.
I was the first one to post on the Yahoo board that the company had completed a deep water well. Then four weeks of discussion followed with various individuals stating that it hadn't happened because they couldn't find permit numbers. As it turned out it had been completed.
Believe me when I tell you that they can be producing gold at Tarantula within two month or less. Knowing how to research these situations certainly helps in regards to contacting the right state or federal agencies and getting answers to the right questions.
Good luck to all the "BONZ" faithful both old and new.
Exciting weeks ahead.
A substantial short squeeze could occur if and when the new C.E.O. announces that financing is secured or a partnership is in place and a "date certain" for the start of gold production.
Based on data from FINRA the following is the number of shares shorted over just the last twelve trading sessions:
9/13 526,819
9/14 359,707
9/17 180,526
9/18 433,836
9/19 817,979
9/20 567,446
9/21 1,022,121
9/24 760,316
9/25 1,236,417
9/26 1,222,391
9/27 1,683,997
9/28 2,065,873
Total Number of Shares Sold Short: 9,777,428
Next week should be very interesting.
Hold on to your shares. They could be more valuable than gold very soon. :)
Good luck to all the "BONZ" faithful both old and new.
What does closing up about 9% indicate for Monday?
I'm thinking .12-.15 by next Friday assuming that we get news of financing being secured, equipment ordered, and a "date certain" for the start of gold production before then.
Obviously a takeover by or a partnership with a major minig company might take it substantially higher.
Good luck to all the "BONZ" faithful both old and new.
30,000,000 share day? Price in the .15-.18 range? Coming soon? Next Monday or Tuesday?
Almost 7,000,000 shares traded today as accumulation continues. Ask is at .052 currently.
I'm expecting news on Monday or Tuesday that will disclose why this has been under strong accumulation. My best "guess" is that a combination of positive items are responsible as follows:
1. Positive results from the Canadian lab.
2. The new C.E.O. has secured the means to get gold production started either through raising financing from new investors or a joint venture with an established mining company.
3. Production equipment has been ordered and a "date certain" has been established to start gold production at Tarantula.
These are interesting times to be a "BONZ" shareholder.
Good luck to all the "BONZ" faithful.
Something is in the works. :)
By this time next week I expect the share price will be in the .15-.20 range and we'll all have the same information regarding newly obtained financing and the start of gold production.
Good luck to all the "BONZ" faithful both old and new.
Everything that you referenced had been disclosed to the shareholders previously in other filings.
Despite the negative picture that you are trying to paint the company was able to attract a very high profile individual as the new C.E.O. As to attracting new investors and starting viable gold production I expect those items to be addressed as early as next week.
Good luck to all the "BONZ" faithful both old and new.
Exciting weeks ahead.
Looking good for a .065 close today or possibly a gap up on Monday with pre-market news to the .12 range or higher.
Good luck to all the "BONZ" faithful both old and new.
One thing to remember is that the items in today's 10k are three months old. Today's filing does allow the company to retain its full compliance status with the S.E.C which I would assume was a definite requirement that any new investors would want to have happen.
Recent activities such as securing financing, equipment, and planning for the start of gold production would have occurred within the last ninety days.
Good luck to all the "BONZ" faithful both new and old.
Exciting weeks ahead. :)
Not much new in the 10K.
The company now has six full time employees.
Next week will be a week to remember. Just a hunch. :)
Good luck to all the "BONZ" faithful both new and old.