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look at sec filings-dgri dutch gold owns 5%-shamika gold (non public) owns 51%, don't know hows the rest-some management
AGDI has 50,000,000 shares outstanding. most is restricted--only 500,000 shares in the public float
todays volume of 100,000+ is picks up most of that.
How high will this thing go?
DGRI worth more today
it hold about 5,000,000 shares of AGDI which is now trading at ..57-volume is starting to come so look for aGDI to make big moves, news flow has already to start.
all of this will help AGDI
soon the adgi shares owned by DGRI will be equal to DGRI market cap-the gold will be free
oregon mill-saw some old information (2008) which said the mill was the only permitted mill in oregon. I wonder if this now creates an opportunity to take ore from other places?
could be a nice revenue stream
old news also said mill could be easily upgraded to 450 tpd--Benton produced for a long time at 2 ounces of gold per ton
Oregon mill-I did not see any numbers in the SEC filings. I do see a reference to 330 tpd on the website-but I do not know if it ever actually operated at those levels.
I did put ?? after the 100 but my intent was to point out that we lack facts to simply say this mill should be moved to Montana.
My gut reaction is that it may better left in place. Oregon was shut down in 2008 when gold was lower. Now with gold significantly I would think there would significant interest in putting it back into production
trust Hollis-why don't some people trust Hollis?
trust Hollis-why don't some people trust Hollis?
if Hollis told someone there would news then there will be news--Hollis is in charge should be lots more happening. I am sure he will show everyone why he is worth $370,000 a year
may be a raise for Hollis since he is in now in charge --perhaps he get more than the $370,000 he is getting so far--($250,000 plus $120,000)
if this $500,000 is for "unpaid wages" we should see a big drop in liabilites for 12/31
Hollis not in control??? who was in charge before?
this is not good for shareholder democracy
?? people were not listening to Hollis before? why not? what is wrong with Hollis?
what am I missing
8k filed super votes rights issued to insiders-plus $250,000 in compensation WOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
On December 8, 2010, the Registrant issued 1,000,000 shares of Series A Convertible Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"), to each of Rauno Perttu and Daniel Hollis in consideration for past unpaid services in the approximate, aggregate amount of $250,000. Each share of Series A Preferred Stock shall be entitled t 350 votes on all matters which holders of the Registrant's common stock are entitled to vote upon and are convertible into shares of common stock at the rate of 10 shares of common stock for each share of Series A Preferred Stock converted. The Series A Preferred Stock shall not be entitled to dividends or a liquidation preference.
I see lots of volume but no push up what is going?
liens and value- a mill like a house is not easily moved. People with $500,000 now found them worth $250,000 so they could have liens/mortgages of over $400,000 and thus find it not worthwhile to pay.
DGRI has a signficant amount of debt most of no doubt related to the Oregon property. Yes there is a mill capably of producing what? 100 tons per day?? what is currently worth? what is the replacement value, what is the cost of moving it? compare that those costs against the debt which would have to be paid.
could it be worth it? yes but it is oversimplistic to suggest that you simply can pick it up and move to
I suspect the orgeon property is in limbo and thus does hot have to be reclaimed, moving the mill and related equipment would probably trigger reclamation costs.
plus given the tremendous rise in gold price that property might be worthwhile as is. with production facilities in place it is worth even more.
we have limited information but gutting one proven producing gold mine (admittedly small) to benefit a larger one might not be best approach
drilling program may be completed in 30 days but the news release did not say when results would be available.
we don;t even have confirmation that drilling was even started since DGRI needed to wait for drilling contractor to be available.
DGRI provided no update in the last SEC filing.
It is hard to be patient.
Since dutch has little cash i suspect that some of this selling came from them, the cash then has to be sent to the drilling guys who then do the work, drilling gets done, samples sent to assay lab, etc etc
mill owned outright? why do you say that? SEC disclosure shows all sorts of debt and liens against property including IRS and state liens
perhaps-I have not been here long enough to express an opinion on management on this issue, although I do appreciate yours. I am reserving an opinion because the Company had sec issues (perhaps resolved) but the timing of the SEC and the property issue were in the same approximate time frame so I think the mineral property disclosure is a result of senstivity raised by the SEC.
having said all of that it also means the gold ounces not only have a 3rd party report but that the disclosure has passed through the SEC-both of which are significant and not something that few if any penny stocks can say
it is the 3rd party independent report that is cautious and gave away the lower grade.
The emphasis here is 3rd party independent saying all this not the company
Benton-where did you get info that Benton is going back into production? or that production had stopped because of a royalty dispute.
I that Benton stopped because at the time DGRI could not make money doing it-with significantly higher gold prices it should be different now
positive or negative? preferred shares can also be super voting.
I thought things like preferred shares had to be approved by shareholders?
thank you for acknowledgement-it is really nice to see that.
correct-i guess the point I was trying make is the timing is uncertain and someone else was posting (falsely IMO) that jungo already 5 million ounces.
Basin Gulch is big with proven ounces by 3rd party-IMO that is the story-jungo is nice -everything elese is fluff-
IMO the focus should BASIN BASIN BASIN-and money should be spent towards the top 3 areas (BASIN times 3)
where did you jungo has any defined ounces of gold in the ground? maybe after drilling, but it has to be drilled first. before it can be drilled DGRI has to get drill contractor-no news update on that issue.
what the telephone number?
convertibles-DGRI bought Basin at end of 2009, why are they still using convertibles? in early 2010 shares were at .30+ why did they get financing then? why use convertibles? share price has dropped ever since.
is convertible financing they only financing available to DGRI?
is that what DGRI doing now? is that DGRI will do in the future?
hil
something needs to change? The CFO has been there for 9 months and no other financing other than convertibles
until this changes IMO the share price will go sideways while the public pays market price and the convertibles exercise at 1/4 (or less) and sell
are you saying or implying that DGRI's last law firm was not very good?
law firm (good or bad) is not an indicator of the nature of a gold deposit. DGRI had a good firm before, we should we take their departure that the law firm found out something something bad?
NO-the law firm news is interesting and perhaps speculative about where it might lead but it has not added to or subtracted from the ounces in the ground.
Basin Gulch is big but I would be more impressed if DGRI hired a big name engineering firm for the project than a law firm
I agree putting up a new website over an old one is easy and done all the time.
share trading is positive
well said on value of DGRI
who actually works for DGRI?
I see Hollis-CEO and the market guy , the CFO guy for SEC filings, and Perttu the geologist who gets the job done on the ground.
anybody else? any other needs to push forward?
part time secretary work-
Isn't this about as low of an employee count as it can get?
ECMZ trading see www.eco-emissions.com
ECMZ is on pink sheets and needs to comply with pink sheet rules.
If it were on a Canadian exchange it would have to comply with Canadian rules. IMO ECMZ is not complying Canadian rules but then IMO ECMZ does not have to either.
ECMZ has a year end of Feb 28th. An audit was done and filed.
source EDGAR.
look at www.sec.gov for verification
8k was filed-we agree-
no interim audit required when assets are acquired. rules are very clear
prior goals-here is what was in the Dec 2007 10k
Operating Strategy
Our business strategy is to acquire and develop gold properties in North America. To achieve these goals, we intend to:
• optimize production of the Benton mine;
• upgrade the resource and mining operations at the Benton mine; and
• to acquire such additional projects and properties that fit the company’s acquisition profile.
what goals did DGRI have 18 months ago? sorry I just don't have the history with DGRI have like some here.
imo this is not about what the CEO said or did not say 18 months. It is all about today, the future, Basin, the gold rice, an assessment of managements ability to get there which culminate into an ability to finance the Company to get there--IMO
ECMZ has no active dog catching licensse and management has no experience in catching dogs.
I hope Company does not try to change business.
I think the environment side will be very positive and management has lot of experience dealing with large equipement
8k item 2.01 covers the acquistion of assets to ECMZ SEC's filings is what they did.
No doubt there are lots of SEC regulation on what ECMZ did not do and thus did not comply with.
ECMZ is an enviromental company. The year end is Feb 28th and that year end audit was already completed and filed with the SEC.
Public companies are required to do one annual audit per year. That is why they are called annual audits.
AGDI has same law firm as DGRI--interesting that Dutch made the switch as compared to Shamika switching to Dutch's firm.
could this mean that Shamika is more influential than DGRI?
DGRI float-I don;t think DRGI is using this definition (OS less restricted share). I think they are using something like
o/s shares less shares owned by management, institutions, major shareholders