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You might want to check out just a few of Lumb and Bezzano companies concerning past RS.....the new fund well more likely have an r/s also some time in the near future....but it won't be ffgo
you forgot to mention ffgo dec of 2007..... 2000/1 split....just might add the only r/s on ffgo and the last forever
i agree there will be no r/s....this is a liquidation of ffgo end of story....what ever is left will be consolidated in the new fund
tex post#92204.....my estimate is 500,000 oz minumum the 100 million is for 23% aprx FFGO direct ownership in Bouse and 40% aprx ownership in south Copperstone with 35% extraction cost dollar wise whole deal would need to be about 5times but historic numbers and Dr Coliston estimate between 1million and 10million oz with intercepts as high as .3ozton . I have not sen assays only infered on my part I htink they got about 3.5 million oz I saw it in a dream. no realy thats what I think somewhere between 2.5 to 3.5 million oz. the 3.5 is the infrenced 700,000,000 to high sttaement
i hope your right....but @.003, sounds like a "liquidation" price to me
exactly....except that even if it takes 10 to 15 years to mine,it is a fact that these 2 mines are of value at todays gold prices or we would have never had a bid on ffgo
yes it is.....just remember that were playing with the big boys here....they know how things work in the corporate world....meaning lumb and he's advisors
who knows for sure?......i think tex and pris might be the 2 with most of the answers......but then no 1 knows except lumb and he's advisors.....and possibly getrudegold
post#80196 gertrudegold.......I really do not have any insight of these old Dividends, to be honest I am looking at this as Value Play because of Stephen Lumb involvement. The price of Gold has changed the dynamics, a lot of "dead" stocks may suddenly be next plays. Knowing the scale of Lumb deals, this is small change but he may be interested in Bouse, it is valuable, not so sure about this Copperstone project. FACT : He is consolidating Mining interests in a new Fund. FACT : He has stated that he is only pursuing Private Equity & Leveraged Deals from now on and delegating Mining interests. FACT : He has an historical interest (maybe control) of Fortress. The Gold Fund is going to be worth billions, of that I am very sure (I cannot elaborate of that, sorry). No merger here, LOL. However, why would his Gold Fund not buy Bouse if he has an interest here? BE CAREFUL, he is shrewd, his Advisors are sharp, he will not overpay unless he sees value, I do see value here (and I worked for his principal Advisors), they MUST have told him that Bouse needs to be addressed, by now. He is ruthless but actually not unfair and very dispassionate, that may be a huge shock to you guys, he seems to be your pet hate from what I have read. In all seriousness, these comments (if he even knew!) would not affect his business logic, he is realistic (BUT I am VERY bemused by this Company's history, not Lumb logic at all, seems very weird to me having worked on the guy's deals but then my Firm never worked on Fortress for him, far too very small, it is almost as though he wanted to use this Company as some sort of financial services vehicle). Anyway, lets focus on toda! Is this stock a value play? Looks like it is. My opinion is (a) Find out outstanding stock number b) What stake does Fortress hold in Bouse (c) What is that stake worth d) Does Lumb plan to get his hands on it. Get the answers to those questions, we may have a Value Play here. No filings by this Company are very unhelpful and bloody irritating but remember that it may be deliberate, definitely not ethical, if that is the case. Do not let him steal this asset, force some sort of disclosure by this Company (Bezzano is an Attorney, he will not like lawsuits with his name attached). Lumb will hate that (He will scream & threaten) but he will be advised to up his bid, he will follow that advice; if there is a bid on the table
of course...still that is some bank for that weight...and yes i still agree that these mines can and will be of value in the near future...considering all metals and minerals that are of value
yes i totaly agree......man you must be rich
i agree with you tex.....some how it just doesn't add up .....227 bricks of gold ($100m) from these 2 mines:)
2 thumbs up pris
here!!!here!!!!make that 3500%
thanks tex for that point of interest
wow!!!!!volume over 125m.....into a 1/2 hour of trading
try starting at 3 maybe
i'm not sure you know this but your post is on google:)
there was a trade @.0003 just a few seconds before the close but was beat by a trade @.0002 1 second after, to close for the day....looks like we start all over again on the charts concidering the news we have :)
you bet it does:).....i'm looking foward to it....go ffgo!!!!!
omg.....i think i will just watch you enjoy the drink....don't think i can stomach that 1.....
there was a trade @.0003 just a few seconds before the close but was beat by a trade @.0002 1 second after, to close for the day....looks like we start all over again on the charts concidering the news we have :)
tex.....i was doing some research on the size of a brick of gold...commonly used in international transactions weighs 400 troy ounces, or about 27.4 regular (avoirdupois) pounds. the density of gold is about .698 lb/cubic inch, so such a bar would have a volume of about 39 cubic inches. A 6"x3"x2" brick would be close to this....I figure that if you stacked these bricks in a 3'x3'x6"high area plus 11 bricks ($1100/ounce) this would amount to $100M that ffgo claims....i find that a little strange concidering the size of both mines
hey pris....i'm willing to share that crow drink on ice with you...LOL:)
my thought exactly......my last post till the next 6 hours
not again........please......i will save my last post for later
thanks for that statement.....and i'm with you on that thought
can be so......i will not wait around for divis this time i will trade it for what its worth
wow!!!i hope i eat crow on my last statement#91058
yes i know:).....it all started with a location...:)
if we close at 2 today i expect 1s tomorrow and at this time next week it well be all over
yes i thought so to......but i thought we might see a few 4s at the end of the day......still a few minutes left.....but the volume has me a little worried......tomorrow well tell all up or down?
looks like the volume has droped by more then half......tomorrow should be very interesting
hope thats not the case......we will be back to 1s in no time
this is the best i can do.....posted by master dd...tex....post#85725...by the way tex's post is on goolge
thanks for correcting me
tex is right.....read his post#90998
http://www.infomine.com/index/properties/COPPERSTONE_MINE.html
just googled it for you