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RDG, they're already there, but all those items were on the agenda plus a few more items including suits & share structure. I don't think the disgruntled employees thing is even an issue, but if it is they will hear about it.
We'll be getting reports from them although there may be some confidential information they will not be able to share publicly. I couldn't make the trip today or else I'd be there with them. I've been to the mill six times and each time I was more impressed than before.
Whatever the naysayers want to try to convince the uninformed, the mill is operational and is crunching out concentrate. Once that continues on a consistent enough basis, the major problems including funding and dilution end and the pps starts to rise.
We have some friends making a trip to the mill today so we should have some news we can share by the end of the day.
It's my understanding that the mill has made significant progress after manufacturing reps finally found & fixed a major installation problem that kept causing shutdowns and spills.
What do the guys at .01 know?
Nice move today, but they still need to get financials out to move to a higher board. Go TEVI.
Now let's get them posting financials and trading up on the next level. Then we'll see some action
after seeing the photos of the concentrate JTF sent, I feel that way too. I'm hoping for a nice upward spike
is your gut reaction due to the "fat finger" signal?
What's the status of financials and moving to the next level?
I'm no attorney, but looking over the complaint on page 3, article 10 it defines production as
"the recovery and sale of copper and other minerals and metals from ore from the Properties such that royalties in some amount shall have been paid to Plaintiff in accordance with (paragraph 2.A of Agreement)." Additionally the agreement provided that "for there to be 'production,' such recovery and sale of copper or other minerals or metals must be pursuant to a plan for handling and processing of ore (including dumps) from the Properties such that a processing rate of at least 300,000 st (short tons) per year of ore is projected to be achieved by the second full year of operations."
If WUCC has already paid royalties to PN from the recovery of magnetite which is what we understand, then they have started to fulfill their end of the agreement since magnetite is a metal and is part of the refining process to recover copper and precious metals from the Hidden Treasure mine.
interesting farmboy. Did you find that from the pure nickel site? What is the source? If PN has received that kind of cash so far, then it should help all of us understand that they are trying to do a squeeze play on WUCC and that there is nothing behind the suit than greed and a ploy to deceive the courts and cause pain and grief to MD & company
I think we're there or so close it shouldn't make much difference. If you don't have any shares, IMO now would be a good time to get in.
The picture is a close up of the bubbles in the flotation tanks.
I didn't say sell high. Now's the time to BUY if you' can.
That's the question. I understand the CEO will be back in town on monday.
Farm boy, your questions are the one we need answered. I'd like to know if Steve or the company have actually bought shares yet or if the activity we've seen here has just been triggered by the pr.
I've held this one for 4 years now and hope to see a steady rise, but we need some questions answered.
I have heard there is a big pile of concentrate sitting on the floor of the mill and more is being processed as they tweak the system and and do last minute trouble shooting.
Arnold, have you ever heard, "buy low, sell high?"
I think those are all credible milestones that will all happen--most within the next few months. The SX/EW will take longer and given the problems we've had with getting the mill operational we should cast a jaundiced eye at blanket statements saying it will be operational by the end or beginning of next year. But the great news is the guts of the plant have been purchased and can be installed fairly quickly.
There is one bubble I see that may cause us problems and that is the upcoming distribution of restricted stocks from WUCC. Undoubtedly there are some who will be selling when they get the legends removed from their certs.
it already is--they're shorting it
I think you may have just guessed right Fairways. I was impressed with the pr for what it may represent: a watershed pr that may just become the beginning of timely, newsworthy and important information becoming disseminated to investors and the general public at large. This pr was well written and contained great information about on-going mining efforts. Now let's see one that gives us a better picture of what's happening in the mill.
My hat's off to Mark, Charles & those who put their heads together and opened the information gates to us. Hopefully the dry spell is over
Zip
dunno. someone who thinks there may be good news down the pike--or inside info.
Someone's working it.
This is my opinion. That's all it is. Not a single fact in this post.
First of all folks, this is a pink sheet stock. It is risky. That said, we all got involved in this stock because we wanted to make money and despite the risk, we invested our money. We knew the risks, but we also knew that this stock seemed to be something special. We felt if the stock performed as well as it had the potential to, it would exceed or at least meet our expectations.
Perhaps we didn't do enough DD on what it takes to build a cutting edge copper ore flotation mill and add SX/EW to it. Perhaps we got caught up in corporate optimism about when the mill would start and began to count our earnings before they were realized.
Just perhaps we found ourselves in a tight economy and hoped against hope that this stock would bail us out.
IMO, this stock will fulfill its potential. But it may take a little longer than some of us can hold on. All we can do is either hang on and see or bail out and go on to the next risky investment. Personally, I'm hanging in as long as I can.
GLTA
BTW, Eye is a mod on IHUB. He knows the rules much better than others. His comments are always thoughtful and insightful. Not strident like some others here.
Okay, STOINKY, we get your drift. Interesting you had this alias since last november and you've posted nothing since then until today when you're all over the board. I'm not making an accusation, but that is a well documented tactic by paid bashers. Interesting.
Yes I know mark. Met him several times. I've been to the mill 5 or 6 times. Even had lunch with him once with a group of 20 other investors--and lunch at the open house, but never done dinner or slap on the back kind of stuff.
Sorry about that, but knowing Mark I can understand it. he is pretty dogmatic and feels that because he has made promises before that have missed the mark so badly he is now keeping a tight rein on news releases. Charles is at his mercy and Mark will put out info when he feels it is right. Not exactly what all of us would like, but that's the way it is.
All I can say is what I hear from credible sources. However, you will quickly call it hearsay. So be it.
Here's what I know. Take it as you will--undoubtedly you will belittle it, but that's okay with me because I know who the info came from.
Production on a start-up copper mill is a hit and miss proposition. It takes a long time to dial in a new plant--especially a state of the art plant like this one is. Dave Jensen who is the plant manager is one of the best in the business and he is extremely happy with the progress made to date. There have been unfortunate delays, human error and spills and mark was over optimistic about when the mill would be operational. It took longer than mark thought to fill up the settling tanks, etc. But at this moment, the concentrate is being dialed in and the percentage of copper concentrate is better at this stage than he expected. I'll go out on a limb here and predict the mill will be running smoothly and churning out regular loads of concentrate within 3 weeks.
LT financing is in process of being completed with a couple of extremely interested financial institutions, but steady processing of concentrate must happen before final LT agreement goes into effect.
An agreement either has been or will be signed for sale of end product. Most likely with a foreign company.
Lienholders have reached agreement
Everything comes together when production is running smoothly.
Interesting how everything is b.s. unless it spouts from your negative minded keyboard
Yeah Hammer, I'm a glass half full guy. And if I were you, I'd be buying right now.
Thoughtful post, eye. This is a pinky and we know there are lots of certs out there with newly lifted legends. Be nice to shake them out so we can get down to basic trading without worrying about dumping.
Thanks Kaiser. I have a question for you. I was told that IFSL did a forward 8-1 split a few years ago. Do you have the date of that forward split? If I understand correctly, anyone who held certs prior to the split would also realize an 8-1 increase in their cert as well? Correct?
Thanks,
Zip
Hey old buddy. He really got to you didn't he? Well, slap him around a bit and let's have some fun. This one looks like it may finally do something. Let's give it a whirl.
JTF, nice post. Gives us a lot better look at the flotation & size of bubbles. This was taken after the spill so looks like everything is up and running nicely. It would be nice for Charles to issue a pr so we can see what progress is being made, especially after all the rumors and the selling on friday.
What he's saying in the video is, "A smile for Marcus and Eric." He's referring to two of CPRK's members of the board.
It does bring a smile to your face to see the progress from March 29th and with FFF's excellent video in Februrary to the flotation video of a couple of days ago.
No Max, that's the corporate video shown at the open house you are referring to.
Zip
Like some of mine!
Thanks FFF,
It may not be too clear, but it does show flotation in full swing