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Makes sense, I had not thought of it that way
OK- What is it going to take to get CPRK back up and running? Serious replies please!!!!!
1. I do not see them making any improvements right now to deal with the ore they cannot process.
2. Find and mine ore compatable with the mill( any ideas on which mine location that might be?)
3. Mine the ore and precious metals to create revenue to construct the retention pond. If you cant get the metals at this time up production and become profitable with the iron ore.Get approval of the new pond and permit to continue use of the temporary pond.
4. I doubt Massay will want to loose 10m instead of not throwing in another 1 mill to pay for proper leaching equipment and/or SX/EW (hope that is how it is spelled). to get their money back.
5. Just get the dang thing running. Drill, Test, Start the mill and process the compatable ore.
I am no engineer but anything has to be better than sitting idle.
I believe he said the financials should be completed by then- Not sure if he said the stop sign would be removed by then- Either way, I hope it happens soon. It would be a nice surprise along with the mill back online. I hope to hear a good report from JIT next week..and I hope we get a timeline and plan update soon
Written a few weeks ago by CAM in response to a few questions I asked of him.
Unfortunately I don't control the information flow, or I would have updated everyone several times during this period...even if I was just repeating myself so that you knew I was listening. The revision or modification of the business plan is well under way and I believe that the new plan will yield more serious consideration from serious lending sources.
I have not ever given a specific timetable on the StopSign issue...I believe that my actual words were "This is a process, and the steps taken reflect the willingness and desire of the Company to become "fully reporting" in the near future." I still believe this statement, but I also know that there is still a lot of work to be done and money to be spent to do it. We have installed Ted Davis as interim CFO, and that is also clearly a step taken by the board to accomplish that goal.
Respectfully,
Charles
MD's attorney was at the last BOD meeting. Not sure about when he was ousted
It is my understanding that the new CFO may offer a few avenues to STF. When the books are completed the stop sign can be removed, and books need to be completed for real offers of LTF to be considered. I hope this is why he was hired.
Do you think CPRK has another run to .005. I sold off in the .0021 for a chance to buy back in the .001 range to make my money back by buying back in -doubling my holdings-I will be looking to buy back 8 mill after selling 4 mill without spending a penny. No choices left. How long are you thinking before another run???
Anything new you can add under the MS management- Sentiments of investors of which you have spoken in the past.?
So when are we in left side pincher mode ? .0014?? I take it we haven't entered yet but it is all but formed.
I agree. Who was over the financials at that time? Why would MS come out and say that-He must really not want MD to have anything to do with CPRK again. I got my popcorn ready to watch this unfold, could get very interesting
Slow volume today, Do you find coincidence that before a very "slim" PR that huge sell-off the day before happened? Makes me wonder what insider sold off
85% or higher. They are at default on everything and a mill that still will be down for a while. Are they coming clean for a BK announcement to stave of litigation of not informing shareholders of real problems. Im not sure
I don't either-I had an e-mail conversation with CM on Friday. I think things are going to take time here. I cant see the mill up for a few more months. Ive been tapping all sources and doesn't seem that much is transpiring at the mill as far as fixing the problems as of yet. This will not be a quick fix. Hopefully it is fixable.
I think we are all in support of Copper King. I have been for quite a while and still am. I hope we all make money. CPRK has used alot of our money in the past and will have to also in the future to survive, I can only imagine more dilution down the pipe. I have chosen not to throw more money into it to keep averaging down. That hasnt worked much to this point, only having more money in it is the result. I am trying another way. Either way CPRK will get my money. I just hope to make some also. This will take a while to get back to a penny and with no mill running might not again. The risk and reward of investing.
Hard to say what will happen. There comes a point when there is no more money to throw at it to continue to average down so alternative options. Only logical choice would be to sell and buy in lower. If I sell 4 million at .002 I can buy 8 million at .001 without throwing a penny at it. Just hope it doesn't shoot up lol. If it doesn't move at all I really haven't lost anything if I buy back in and not sell until I recover what was lost. As of now, on such high volume after such low volume who is to say it is not insider dumping. Good luck to you as well. Makes me sick to sell what I did (believe me) but may be the only way to make my money back.
That way is assuming the PPS will go back up... It might not....You may get hit with a RS or BK. I already have lost enough for now. I can double my holdings at .001 and we are almost there...
I sold alot today to reposition myself lower and at least make my money back. Whats a guy to do lol-There will be no significant PR to come other than a new CFO and working towards their plan. The mill wont be up and running for months from what I can tell
I agree we will be in all time lows shortly and in the .000 range.
Reasons why- Plan still being made-Not yet functional-I havent heard anything from anyone that any improvements are being done at the mill, or new equipment, etc...Without money and revenue it just might be our last hope is for someone to throw money at the company
Yes-I believe it is...Brought in to take over financials for CPRK as CFO and work on LTF from different lenders as it appears all other offers did not mature
Who is Ted Davis the new CFO of copper king??????
I wonder how CPRK's CFO is going to work out
You said that 5 weeks ago and still no RS.
Im not-been lower before and no sense in it being down this low
I just sent this to CM
CAM,
It has been about 35 days or so since the last shareholder note saying more transparency, yet nothing to shareholders to inform us of what is going on with the mill. The timeline you gave us as far as the stop sign being removed has come and passed. The PPS is plummeting due to lack of communication and a mill that hasn’t ran for more than 2 weeks in 6 months. What is the company doing and why is there no communication? Are improvements being met to get the mill going or not? Will there be any news in the near future or not? There has to be a plan in place by now and the company needs to let us know.
Respectfully
Travis
Time for some answers around here. End of story. I will send an e-amil every 10 min until i get a response.
As of right now no minutes posted on the Utah District Court case minutes. I will continue to check. Not sure if it will give me US District court here in Utah but it will every other District Court in Utah so hopefully....
I will see what I can find. I can get the Court minutes for criminal cases In not sure about civil. I will let everyone know when I find anything out
Does anyone know exactly what court and i will try and find it. It usually will take a few days for the minutes to be posted if any at all
I don't see MS as a crook or putting his name out there with a BK on his resume. Just saying-I think we would be owned by China before that happens. Who knows who came to the mill and wants a piece of us. If there were at least 3 offers of LTF in the past I wouldnt be so sure that we arent going to give up a little and take their terms. It would just be stupid not too.
That's a great question :)
I will try and catch him on facebook
Do we know his e-mail ???? Post it please.
I agree-MS said they want to be more transparent-I am sure by now they have a plan of attack. At least by shareholder note they can tell us something of progress.
I think we are closer to "something" rather than closer to BK. Im not a fool and BK is a possibility but so are other options and I firmly believe those options are being addressed foreign and domestic.
Why the silence from CPRK? Why no hints from CAM as in the past when he was emailed? What deals were worked out between MS and others that came to the mill to offer expertise advise.? How many people are gagged? Who is the real CEO of CPRK? It is going to get REAL interesting around here folks...4 and 1 for the ballgame...Ready...Set....
Does anyone know-Has anything been done at the mill since shutdown for improvement on said problems? I like to think they are working on it. It would be nice to know what the consultants stated in regards to what needs to be done.
With any luck we will know before June as some will just show up to find out
I wouldn't take that bet lol. I think I know of 3 at least. The more I search the more I wonder, have shareholders made the wrong choice by calling for MD's head in the illusion that everything was his fault? Was it his fault? The infamous MD. Every day that goes by the more I am gaining respect.
I will say this- MD was at the last BOD meeting-Well proxy by his attorney. Did you guys expect him to go away quietly? Did the board think they could oust a 200mm shareholder without turmoil????????????????????? Sure is quiet around Milford these days. Zero info, even from CM (maybe it is just me he wont email back) and the info flow has shutdown completely. I bet it will be until this situation is CLEARED.
As far as the report done about MS. That is one side of the story. Colorado1 I believe has also dealt with MS. Perhaps he could tell the other side of the MS story. I have NO IDEA on that
Are you sure about this? Have you heard anything about Mark Dotson since the takeover? I know for a fact that MD is fighting to still be the CEO of CPRK... Can anyone tell me who was at the last BOD meeting??????? Those of you that have celebrated MD as gone, done, ousted, etc will have a big surprise in the future of his control or what he will be overseeing. Personally, I feel MD belongs with CPRK in some form. Mining Operations Chief or something.
I would really like to find out who it was. I cant imagine Kennecott doing something like that..Utah to New York-Looking for a connection here that might pertain to CPRK. I think i remember in the past meetings in New York?????