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Actually, a number of MMs stopped paying registration fees completely.
Information from Colorado Goldfields about the change in authorized shares:
http://cologold.com/14C-Information.pdf
GLTA,
Bob
Where it goes and where it should go are two different things.
Bob
The one thing that you really have to keep in mind is that there are no guarantees. It is really a question of how much risk you are comfortable with.
Bob
Just based on the facts that AMCG is:
1. Profitable
2. Increasing their customer base
3. Third in market share in a huge emerging market
I would normally expect that the share price should be pushing .10 in the near future.
The major headwinds are from extremely low trading activity. I'm not sure if this is because AMCG is not properly promoting the value of the stock or if it is the more mundane issue of traders just not getting excited about a market half way around the world.
Personally if I had dry powder I would be jumping all over these prices.
GLTA
Bob
A new 52 week low - Ouch!
It looks like CPOW is finding a support level from which it can go higher when more news is released.
Bob
Speculation -
I wonder if it was a coincidence that the payment was made the same day as the hearing for March?
Could they have been trying to make a good impression?
My opinion about the current situation is:
1. CGFIA has raised 20% of the cost of the 35 acres over the last 3-4 weeks.
2. That money will go into an escrow account to hold the property until the permit is approved.
3. Upon permit approval the 20% will then act as a down payment - possibly using owner financing for the balance of the note.
Under this scenario with a new submission in March a permit could be approved in 90 days coinciding with the completion of the bond. The acreage could then be transferred within the next 30 days - a July time frame. After that it is mostly bells and whistles!
Strictly my opinion!
Bob
Jenna,
What do you think that Rice and Guyer should do to get the permit and the mill into production this year?
Please give a constructive answer!
Bob
Reading between the lines of today's PR:
In my opinion --
1. CGFIA expects to begin mining Brooklyn this year! If that is true it suggests that the company has access to the funding necessary.
2. CGFIA is confident about getting the permit for the mill and knows when that is likely to happen. This provides the funding discussed in point 1.
3. Brooklyn will be the easier gold target to get into production and will provide the long-term funding necessary to exploit King Solomon Mine with the implication that King Solomon has extensive - read as huge - gold deposits.
All my opinion of course!
Bob
This is the best PR that I have seen from CGFIA!
Shazam!!!
Bob
Last trade - 10,000 shares at .0009 = $9.00 + Fee
Looks fishy!
Bob
Tao Minerals Ltd. Provides Progress Report on Both the Mutata Phase One Geophysical Program and Britanico Security Review
Date : 03/01/2011 @ 8:30AM
Source : MarketWire
Stock : Tao Minerals Ltd. (TAON)
Quote : 0.0088 0.0 (0.00%) @ 7:28AM
Tao Minerals Ltd. Provides Progress Report on Both the Mutata Phase One Geophysical Program and Britanico Security Review
Tao Minerals Ltd (USOTC:TAON)
Intraday Stock Chart
Today : Tuesday 1 March 2011
Click Here for more Tao Minerals Ltd Charts.
Tao Minerals Ltd. (TAO) (PINK SHEETS: TAON) is pleased to provide an update on the first phase geophysical review of the Mutata Gold and Platinum project. Senior Resource and Professional Geologist, James A. McCrea has overseen this review along with Minera Primecap Geological Services (MPGS). Tao can report that the first phase sampling of the property has been completed and these samples have been shipped to the lab for assaying. Prior data made available by Ingeominas reported the presence of gold and platinum on the concessions as well as copper in some areas. Tao will report on these new sample assays as soon as they are received back from the assay lab.
On December 1st, 2010 Tao announced that Britanico Security Group (Britanico) would be commencing a full security review of the Mutata project as well as investigating the overall security climate in the Uraba region and provide a comprehensive report for Tao. Britanico has notified Tao that the physical review has been completed and their investigations overall were positive. The fully detailed written report will be completed in the near future.
The Mutata gold and platinum property presents an excellent low cost opportunity for Tao's goal of assembling a high quality portfolio of Colombian mineral properties. Preliminary reports conducted by geologists from the Colombia Institute of Geology and Mining, Ingeominas have reported the presence of gold and platinum on the concessions as well as copper in some areas.
Tao President and CEO James Sikora is pleased to report that the October 31, 2010 10-Q was filed on January 28, 2011 and can be viewed on the OTCQB website at www.otcmarkets.com/stock/TAON/financials
About Tao Minerals:
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner. As a corporation, Tao has firmly established itself in Colombia over the past five years, becoming fully adept with the legal and political processes required and hiring highly qualified personnel in the geological, legal and security professions. Arriving early to the boom in the expansion of natural resource development in Colombia has enabled Tao to firmly establish itself in Colombia.
Notice regarding forward looking statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of low cost opportunity, the final terms of the acquisition and the gold production of the property to be acquired.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contacts:
Tao Minerals Ltd.
James A. Sikora
President & CEO
877-331-8777
PENA is completely gone from both the ASK and BID queues.
Maybe we will see some price action today.
Bob
Symbol Price $ Chg % Chg Volume Bid Ask Alerts
CGFIA 0.001 +0.00 +11.11 13,392,835 0.0009 0.001
There are some reporting glitches. Actually over 13 million shares have traded so far today.
Bob
PENA has been on the ASK @ .001 since last Tuesday 2-15-2011. The price can't increase until PENA is knocked off of the ASK.
It would have been even better if you had knocked PENA off the ASK.
Bob
The agenda has been posted for the March meeting:
http://mining.state.co.us/Agenda/mar11.htm
CGFIA is not on the agenda but could be added later.
Bob
The issuance of stock to insiders is public record. There has been no issuance of stock to insiders since 10-6-2010. They have not been paid with stock since that date!
Bob
On a side note to your post, Guyer and Rice have not received stock in lieu of salary since 10-6-2010. I'm not sure what that means.
Bob
Grab all the shares that you can at .001 while it lasts!
Bob
I have been watching CPOW for a couple of months and I finally dipped my toe in the water this morning to pick up some shares.
I felt that the price was to good to resist.
That sounds like a scary analogy!
GLTA
Bob
Excellent PR!
I read the PRs. I have been watching this stock daily for months. Any time that there has been the level of volume that has occurred the last two days there have been significant price swings. The price swings have not happened the last two days.
Also, the funding announced in the PRs was limited and came from a total line of funding of $1,000,000 that was actually announced circa May 2010. That funding is not news. What is news is the specific expenses that the funding is being applied towards.
Why else would blocks of 10 million shares be sold at bid when there is news that should make the stock more attractive?
IMO
Bob
This is highly unusual for CGFIA.
Three PRs in three days. The first two PRs were followed by high volume that didn't create upward price momemtum. It looks like the company is selling a significant number of shares to raise funds for the necessary effort going forward and using the PRs to drum up buying interest so that the share price doesn't drop any more than necessary due too the additional shares.
IMO
Bob
Just a reminder - Keep it polite!
bob
With 8,158,188 shares of TAON shorted on Thursday last week, I expect to see a lot of interesting activity over the next day or two. I also expect to see a strong interest in pushing down the price of the stock to make it cheaper for the "shorters" to cover.
My message to everyone on this board is - Please keep it polite and keep your composure!
Thanks,
Bob
There has been a lot of shorting which explains why a lot of the transactions were listed as sales. Here is today's shorts:
Date |Symbol|ShortVolume|TotalVolume|Market
20110207|TAON |1100412 |5795124 |O
Bob
I didn't get a response from my e-mail.
Bob
There seems to be some chatter about large mining companies acquiring small mining companies lately. I've noticed that most small mining companies that I am watching are on the increase today.
Recent short activity from:
http://regsho.finra.org/regsho-Index.html
Date |Symbol|ShortVolume|TotalVolume|Market
20110204|TAON |714532 |2162403 |O
20110203|TAON |8158188 |17182980 |O
20110202|TAON |776244 |1414684 |O
20110201|TAON |432425 |2114122 |O
20110131|TAON |1399437 |6717772 |O
20110128|TAON |2354507 |5606712 |O
Are we getting some late short covering?
Bob
I would like to thank all of the regulars on this board for showing some restraint today. I know that it was difficult.
Have a great evening!
Bob
It was honestly stated as an opinion and for that reason is not deceiving at all.
Bob
I'm sorry Jim, I deleted your post. You were correct however to state that it is not a big deal for a junior mining company to have no revenue.
Please keep posting. Your perspective is different from most and adds to this board.
Bob
I think that I found the source of the run:
http://thestockmarketwatch.com/newsletters/2011/02/03/htbhps-taon-has-built-a-strong-bottom-watch-tomorrow/
Bob