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So Disappointing.......looking at the current OS, they have dumped 2.5 billion shares on the market into the last several PR's. I'm really doubting if they are ever going to let this one run. This stock could have absolutely exploded when announced the fluff PR about possible future revenues. Unfortunatly for us, they used that one to unload a billion shares @ average of .0007, that is $700,000. That amount more than covers the additional $200k they had to post for the bond and doesn't even take into account the other 1+ billiion shares they have dumped in addition.
And to hear some of you continue to speak about "what is too come".....please.
They really screwed up something that could have been quite nice.....
Been watching for several weeks now, decided to take a starter position of 5k shares......GLTA
It's called dilution. Undeniable DILUTION......
VERY FRUSTRATING....this has to be one of the best dilution machines I have seen. They are very methodical in controlling the range (.0006 - .0009) of the PPS. Everytime a nice PR comes out they dump into the action keeping the PPS from really going up. Then, they dump into the bid for the next month and do it all over again. This could have been a very fun ride but I really don't think it's going to get much higher than this.
I sold my large position is this dud for a small gain, will still keep a million shares just in case they do ever let it run (hope so).....but not feeling very confident.
GLTA
CGFIA NEWS!
News ----
June 29, 2011 09:00 ET
Colorado Goldfields Inc. Acquires Utah Payday and Rage Uranium Mines; 63 Unpatented Uranium Claims With an Estimated Value Equal to $14,000,000
Gold Stocks
LAKEWOOD, CO--(Marketwire - Jun 29, 2011) - Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that it has purchased the Payday and Rage Mines. The claim group consists of 63 (55 Payday and 8 Rage) claims, located in Township 32 South, Range 24 East, Sections 25, 26, 35, in San Juan County, Northeast of Monticello, Utah.
In 2006 a preliminary geology report was constructed by Clive Bailey, a Registered Professional Geologist and Arizona Registered Sanitarian. "The property has unpatented mining claims covering an area of almost 2 square miles. The claim group covers an area where the favorable upper rims of the salt wash member of the Morrison Formation (Jurassic in Age) exist almost intact," stated Bailey.
Bailey's report went on to say:
"While on the Payday claims I spent time looking at the rim thickness, alteration, and viewed Uranium and Vanadium mineralization in several adits. Seven samples were taken to establish the grade and uranium to vanadium ratio for economic purposes, including two government drill holes (1950s), two vent holes, and a series of drill holes above the exposed rims with one hole on the claim group. The claim area covers ground where the favorable upper Saltwash member is intact. Two areas of super favorability cross the claim group.
"As a Professional Geologist with five years experience in Uranium (33 years overall), I conclude the Payday claims cover an area of good potential to develop a new uranium vanadium deposit within the virgin claim area."
Based upon the preliminary geological report and information from the Atomic Energy Commission, the seller of the properties extrapolated a resource estimate of 45,000 tons of uranium bearing ore. Uranium averages .27% per ton, which is 5.4 pounds per ton, yielding 243,000 pounds. On May 30, 2011, the spot market price for Uranium was $57.50 per pound. Therefore, total estimated Uranium value would be $13,972,500.
Colorado Goldfields will be constructing an N1431-01 Report to confirm and verify the value of these assets.
"Market forces continue to tell us that diversifying into other metals, both precious and exotic, will greatly enhance the Company's ability to leverage both its physical facilities and management expertise," stated C. Stephen Guyer, CFO for Colorado Goldfields.
Colorado Goldfields acquired the properties in all stock transaction consisting of 125,000,000 shares of 1-year restricted Class A Common Stock and 125,000,000 shares of 2-year restricted Class A Common Stock.
It's going to be a good day.
hopefully they don't get filled.....
CGFIA waking up......
look at the date, that is from May
CGFIA Running, Huge Gold News realeased this morning...
It's gonna be a good day, today ;)
Today is nothing but dilution. I completely understand the company needs to raise captial to fund future operations but to make a claim that there is absolutely no dilution is absurd.
I own several million shares of this one @ .0007, and there will come a time when I sell these shares for a very nice profit.....but let's keep it real and understand the company has to sell shares to complete upcoming projects.
Until then,
Regards,
wont be surprised to see them drop it to .0008 for the close....
Yes, very nice to see ;)
Now that is a REALLY good sign.....won't be long now ;)
Anyone know how many of these 24 mil have been at the ask?
Wow, this looks good so far......
They're fishing for shares......
Just checking in....very nice to see!
We all knew it was only a matter of time after the consolidation/sell off of the last news hit. This one is going into the dollars, just not sure how far in? I'm holding until at least $2 and then I'll watch from there.
GLTA
LOL, I don't normally go with the manipulation conspiracy theory but they are truly trying to keep this one off the radars.
If the short volume is as much as suspected, they needed to paint the down tick just keep the momo from slamming in Monday morning....
have a nice weekend,
LOL ;)
Monday morning pre-market PR would send this one soaring.....
LOL, funny close! Doesn't matter, will gap on Monday and stair step up the rest of the week. This PPS is extremly undervalued and will rise from here.
GLTA
PSPW still moving up....this one is running....
PSPW just finished shake/bounce......on it's way up!
PSPW new out! Setting up for huge run....
Oh Yes! This is great news. I got in at just the right time.....here comes the take off....
GLTA
You're absolutely correct about that! Saw the great news this morning and just had to grab a piece (picked up some in the low 50's). Looking at the charts, history, news, etc, this thing is going to run....
GLTA
People still taking profit from the .0011's they bought yesterday.
Here come the profit takers.....
Sell blocks are getting larger :(
APCX IS A BEAST
Only going up from here.....should be more news next week. Obviously good news at that....
GLTA
I really like your estimates..... ;)
There are a lot people here from the trip 000's (such as myself) and some of those are locking in thier 100% gains.
Me for one, will be here for a while. Honestly believe I have a 10+ bagger on this one....
GLTA
Just think about it, this is the "slow" lunch hour. Wait until this baby really gets rolling the last hour of the day.
Most certainly will see a gapper tomorrow once it hits all of the scanner radars tonight.
Gosh this is fun.....
Got in Friday @ .0006, will be here for a while. Looking at the chart, news, SS, and potential, this thing is certainly going for a ride up.....gonna be a nice couple of weeks ;)
GLTA
Hey Vengo, the SP today is the highest it will ever be. Once the RS comes into play the SP will fall, and fall, and fall (as they continue to dilute into the new structure). I also was a dummy and bought in @ .0007, I took my losses today as this is the most you will be able to get for your shares. It sucks, but this is part of the penny game.
If you wait too long, the SP will be @ .0001. Then after the RS, it will convert at whatever .0001 is......and then it will only drop from there.
Best of luck, but you want to get out today while you can still get .0002.
I'm not a pumper, or a basher, merely a player of pennies.....
GLTU
That sucks! I'm out......
I also keep hearing about the R/S. If someone really wanted to know about a R/S you could simply check to see what the OS is compared to the AS. As long as PTSH still has shares to dump when the pump does arrive, no R/S will be before that time. If the AS and OS are almost equal, get ready, because a R/S will come......
It wasn't just a Million, it looks like there have been a couple of 5 Million share blocks. It appears the company is raising a little bit of capital this week.
I've got a nice large order waiting @ .0003
Today is going to be a good day!
All the scared people made me pick up 500K today. Buy on fear, sell on news. Hopefully it's not too long.
This will go back up! Thank you to the weakkkkkkkkkk