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Let's hope that the financing is finalized very soon.
25% of the company for $10,000,000 would seem about right to me. How does that sound to you?
More good news is on the way. Load the truck before this gaps higher. GLTA
I expect it to be substantially above .016 by the end of December. We'll know soon enough.
I think we will find out very soon if the company offers the opportunity to obtain a reasonable return on our investment. The 10K should paint a clearer picture of the situation. GLTA
Wishing everyone a "Happy Thanksgiving". Next few weeks should be interesting. GLTA.
Buy all the shares you can afford to buy below one cent. It is my firm belief that there is not another stock in the market that offers the percentage upside that this one offers. P.M. Foo didn't agree to accept 4,000,000 shares and the position of C.F.O. because he had nothing better to do with his time. This will gap-up very soon. GLTA
Thanks for the update. Hopefully the amount of the financing is close to our expectations. If it is I think this goes above .20 on the news.
Profit taking is why some individuals are selling. A number of individuals bought shares at half a cent more than six months ago when D.J. was running lose. I think some of those individuals have decided to sell and move on. That works for me. Weak hands should do so. I'd like to buy a million shares at .008.
True. Have you spoke with Steve recently?
Someone posted on the Yahoo board that Steve Ragan had resigned. Does anyone know if this is true? Obviously it would be bad news if it is true.
Do you think the $10,000,000 financing deal will be announced soon after the 10K is filed or do you think it will be delayed?
Nugget of gold or a lump of coal in this year's Christmas stocking? We'll know soon enough.
Accumulation continues. If you want to bail place your shares for sell at a penny or less and they'll get bought. Base in being cemented for the launching pad.
Added another 50,000 shares at .01 today. Eventually we'll get great news.
Is there any truth to the rumor that the company hired a company named "Andy's Auditoring Service & Septic Tank Removal" to prepare the 10K and 10Q? Next week or next month or next quarter are phrases that are becoming more associated with Bonanza. Was going to add a few more shares but decided to wait and see what surprises are in the 10K. GLTA
I suggest you double your position to 20,000 shares. Good news is on the way.
It's my belief that the value of the land and claims that Bonanza has acquired could easily justify a share price in the .10-.15 range especially if the price of gold continues it's climb over the next 12-18 months. Actual production aside it may become a takeover target.
It's my understanding that Mr. Foo has returned from China. The 10K and 10Q are still at the auditors and are due to be finalized at anytime. Management is making certain that all the grey areas are fully addressed so that going forward reporting compliance will be a "piece of cake". Clean slate approach. Personally I expect substantial financing to be announced within days of the filing. I can't understand why anyone is selling any shares now.
Remember the "pop-up" mole game with a hammer to hit the mole when he pops up? I think David Janey is Bonanza's mole.
P.T. Barnum supposedly said, "You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time."
I say, "If you don't lie to anyone you won't have to remember who you lied to and what the lie was."
GLTA
Call Steve and ask him if the right hand knows what the left hand is doing. Please post his response.
According to I.R. the filings are with the auditors and could be filed at any time. I'm interested in the content. Supposebly D.J.'s involvement with the company is severed and the 10K and 10Q will wipe the slate clean of any questionable activities that might have occurred. Risk/reward says to buy all you can afford at a penny or less. I anticipate that Mr. Foo will earn his 4,000,000 shares over the next 12 months. GLTA
They file at a later date.
Sell your shares for one cent and move on if you don't appreciate the upside here. It's really that simple. "I'll pay you a penny today to get $1.00 in twelve months."
10K should be finished this week. Mr. Foo is in China representing Bonanza Goldfields at the 2011 China Mining Exposition. Mike Stallings is on-site at Tarantula. Additional land is being acquired. Progress is being made. Added another 250,000 shares this week. GLTA
This should be in the .10-.15 within three months if my assumptions about Foo's involvement are correct. GLTA
Any news regarding Mr. Foo's attendance at the China Mining Exposition?
Is $10,000,000 in new financing out of the question? Any thoughts?
"Five Reasons Gold Is About to Make A Historic Run" http://seekingalpha.com/article/305123-five-reasons-gold-is-about-to-make-a-historic-run?source=yahoo
Setting up for a run to the .10-.15 range on the financing news. Keep this info to yourself.
I'm expecting .50 by the end of 2012. GLTA
Floor plans don't usually show attendees. They typically show exhibitors. I assume you know what the difference is.
Today's news makes perfect sense. Mr. Foo obviously did what is best for himself and the company. I suspect Mr. Foo has several investors ready to participate in a gold in the ground financing program. With that being the situation Mr. Foo had to find a way for himself to benefit from the expected bounce in the share price. By moving into the C.F.O. position he'll have first hand knowledge of the company's financial situation which may have been something that the investors required and at the same time by receiving the stock for his participation he has a vested interest in making the company a success. It seems to me that it's a win-win situation for all parties.
Can you find out from Steve if Mr. Foo will be representing Bonanza Goldfields at the 2011 China Mining Expo when he attends?
Was D.J. forced to return any of the 20,000,000 shares that he still possessed to the company?
Paper shuffling and people shuffling. Until financing is obtained and production begins and gold is produced it's just noise to the market. I hope that "management" realizes this is the reality of the situation.
Thanks for the update. Makes the company seem more like a joke than before. Doesn't anyone check the filings for accuracy? Seems like the shareholders were "Fooed" one more time.
8-K is a legal document. Hopefully management is competent enough to get it right. Can you confirm which is correct?