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If you honesty believe that, why did you respond to his post and allow him to profit. The misconceptions of folks being paid to bash a stock is just a pipe dream. The reason that there are so many posts trying to show reason and common sense is because there are just to many folks posting absolutely unbelievable nonsense. Things like share price $1.25 by Fri, things like revenues of 46.8 million bucks for the month of July, things like ore values of 3.25 opt, things like the mill is fully operational, things like they have proven reserves,things like there will be a share buy back as soon as they begin producing and on and on. It is just total nonsense and some one has to post reasons why and show some judgement and common sense. JMO
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I have presented a lot of my thoughts to the board and many have been basically about what you have been presenting tonight. Things such as compliance,ore grades, containment area,disposal of tailings and weather the mill was in fact operating. I kind of used common sense as a guide to being able to conclude the correct assumptions. I cna see that you have a much better way with words than I do, but I don't think anyone will understand what the real truth is any way, no matter how it is presented. Mostly I just got called a bunch of names for my efforts at presenting real knowledgeable opinions. I can see that the markets didn't like that fluffy PR that came out today. When more folks start to realize that this lil mill won't be in production for a few more months yet and the payments are missed and more dilution to cover outstanding debts, then the share price is going in the basement. Like I said before $5.00 is a dream almost like winning the loto. Of course many folks still dream about that too. JMO
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Load the tailings and drive them down the mountain and the gold falls out into bank bags and the brinks truck hauls it off to the vault!!!!LOL Amazing!!
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I am not going to waste my time and go back and get the info from the PR that was released today. But the Company did in fact lead us to assume that the mill was not in operation by the wording in the PR. Now for anyone who does not believe that I suggest you go back and read the PR very carefully and you will find it. Most companies do have legal people check the wording and content of PRs before they are released to the public. I am under the assumption that the last 2 PRs from SFMI have not been looked at by any legal beagles. They are very poorly presented. However I have been able to find the hidden messages. In retrospect when you read it you may see it differently and that is your perogative. I am not asking anyone to believe it as I see it. Make your own assumptions. JMO
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Perhaps they had the ores on site assayed and there is very poor results that do not meet thier expectations, now they are going to truck some more in and truck the garbage back out. Its like a quote in another post here a few minuites ago " that is insane" . I believe that if the mill was operational and in compliance and the ore on site was of satifactory grade, they would be in full operation at this time. However,from my observations the mill sits idle and there are still electrical contractors on site. On top of that the most recent PR alluded to the fact that the mill is not fully operational as of this date. JMHO
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Yes it did appear to be quite clear in respect to weather the mill is operating or not " prior to processing tailings at the Diamond Creek Mill facility". This PR is loaded with fluff but if you read it correctly there are the hidden facts in it. It looks like the wheather is being use as an excuse for the delay in starting to process ore and also that the securety fence will have to be completed before thay start processing.It also states that the employees were certified by MSHA it does not say anything about mill certification, still waiting on this!!!Yes the PR is clear if you can read it. JMHO
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I don't usually do this but I called one of my friends who is heavily invested in SFMI and told him to go have a look at that post about the 46.8 mil revenue for July. Well he just called me back and he was laughing his head off and I am not going to attach JMO to this post cause it is fact.
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There is also one other thing that is not right. That is the projection of a revenue of 46,800,000 per month. Common sense is all that is needed to determine that SFMI will never and I repeat never have that kind of revenue in a month from that tiny little mill that is presently under construction on thier property. Very very lucky to ever see 10% of that outrageous number. JMHO
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There is a huge difference in what I post and to what some are attempting to describe my posts. I post my opinions based on my research, observations and assumptions. I do not try to discredit the Co. or other posters and I do not try to discourage others in there decisions to buy or sell SFMI. I do however post my own observations as I assume what the outcome will be and that is my opinion so it is in no way directed at anyone or the Company in general. I see things in my way like May 17 is a date and things have been in a PR that were supposed to happen. Today is another date May 25 and there is no way I can be assured that those things have in fact happened. There has been no follow up PR I can see no gold and silver bars on the web cam and I have not heard of anyone buying any gold and silver bars from SFMI. So I assume that it has not yet in fact happened by my own observations and that is my opinion, got it!!! JMO
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Everytime I see that $5.00 number come up I am just absolutely in disbelief. I can see a stock that is trading at .35 today and has been in this range for several weeks. I can also see a mill that is not in full production at this time and on top of that full production if ever obtained is to be maybe 30 to 100 tons per day. Now out of this meager production they are going to have fixed costs of 83,333 per month rent plus 10,000 operational payment and 15% royalty payments then there will be labour, fuel, repairs, maintainence, permits,taxes,hauling costs,smelter charges, and adminstrative costs. There will also be down time at the mill which adds to the overhead considerably. Now as of late we have saw some increase in the share structure and a reason was given for that. There will be further increases to pay for contractors and lease payments before any revenue is incoming. My friends that $5.oo is looking smaller now and in fact is very likely only a dream, much like winning the lottery. JMHO
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O h that is just something that happens with all startups. Its called dilution. I can see that the electricians are still on site, obviously a lot of electrical infastructure still in the works. I remember posting about this several months ago that the electrical infastructure would take quite a bit of time, but I was told at that time it was all done. I guess it is just one of the many things I have been spot on about. Volume down today so I guess the big buyers forgot which day they were supposed to show up, share price also down. Just wonder if perhaps there could be more delay's with starting the mill, perhaps MSHA has some concerns. Could be new PR soon telling us about new requirements needed to meet MSHA regulations. JMHO
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I think perhaps you have misread the PR as well as the Date. It states as I said " start producing gold and silver for sale on May 17/10" I hope this clarifys your understanding of PRs.
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Okay, here is the answer you have all been waiting for. The Co. said in a PR that they would build a securety fence around the Mill and office building. ( they also said it was started on) Anyway I maintain that the trench leading out to the newly excavated area is for power supply to a securety fence around a new vault that will be built there and power to said vault. The reason I say this is because of the incredulous postulations about the amount of gold that will be produced each day, it will be neccesssy to have a huge vault built on site. Any other questions??? JMHO
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Lets just try to determine what is truth. The Co. said that the mill was open on APR 19 ,probably truth cause who can determine what is ment by open although many thought it was in production at that time. Then it was stated that the Co. would be producing gold and silver for sale on May 17. Today is May 25 and there is no evidence of any gold and silver being sold, as a matter of fact they are now representing that the mill and workers MAY be certified by MSHA today. It is my understanding that MSHA has a lot of say in weather they will in fact be operational on May 25 or not. I think it is best if folks understood that there are compliances prior to any prodution, lets hope we are kept up to date on the status of the operations as they happen and not as they might happen. JMHO
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The fact remains that in the early years the mining process did use mercury and cyanide and these contaminants are still very likely to be in some of the tailings that are being processed at the SFMI mill in the future if they get operational. I am aware of the drying process they are using, but the tailings from the mill will be stacked in a containment area or as I refered to it before as a tailings pond. These tailings will be sampled and tested by MSHA and EPA prior to being diposed of as reclaimation soils. The regulations today are a lot more stringent than they were 100 years ago. If there are any signs of left over contamination in the containment pond then it will have satisfy EPA regulations before any disposal is allowed. This process of testing the tailings will add to the cost per ton of extracting the PMs. This is common sense, I don't think anyone wants mercury or cyanide leaching into the ground water. JMHO
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Lets just wait and see what they might be testing for. Perhaps there is a little more here than what we are lead to believe. Do you think that a few random samples taken from the piles of ore sitting on the mountain has shown us everything we need to know. Thats why mining operations are montored by MSHA and EPA and I can assure you that a tailings pond is a requirement. I can also tell you that the tailings will be sampled and tested before disposal is allowed. This adds to the 50 bucks a ton processing cost as well. Are you getting DD now??JMO
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Are they just going to haul all the tailings away for landfill as soon as they leave the mill. You don't think EPA might want to test the tailings piles peroidically just to keep the operator honest, Duh JMO
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So I can assume that you have sold all your position at this time so you could recover your last dime and get out before losing it all? I can still see CPRKQ trading at almost 14 mil shares today so I guess not every one has sold out just yet...JMO
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Kinda looks so much more like fill dirt to me. That appears to be what they are doing is filing in an area that was previously excavated, perhaps for a tailings pond.Maybe it was in incompatable soils and was not acceptable to MSHA or EPA without a liner. Just a swag. JMO
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At this point you or I or anyone else do not know what will happen. Until such time that the POR is filed we can only guess. I can also guess that they will state that the existing equity will be cancelled as that is normal in all CH11s However the stock will still trade with a Q designation and it is up to the holders at that time to decide weather they want to sell, hold or trade thier positions. I might add even though the POR says the shares will be cancelled, at the end of the day that is NOT always the case, sometimes they do survive or they may get warrants. There is a lot that can and does happen in the CH 11 process.JMO
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Sleep, It is very early yet and most of what has been said is just smoke and mirrors. The question about what will happen to the existing shareholders is anybody's guess at this time. Until a POR is filed we are flying blind and even after the POR, things can change in a heart beat. Highly risky plays but much fun and also chance of huge rewards. JMO
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Wow, sorry that you do not fully understand the process of extraction at the mill. I will stand by my observations that a tailings pond is required, regardless of the moisture content. I am sure you are aware that all of the ore that enters the mill does not end up going thru the hydro cyclone at the end of the line. Perhaps you could read the book again. I am not going to cause I am quite familiar with MSHA and EPA regulations. JMO
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Do you think perhaps it could be a tailings pond? I am sure that is one of EPA requirements and should have been done already. Not sure but it kinda looks to me like they may be changing locations of the tailings pond, just a thought as I am have some difficulty with camera angles.JMO
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Can you elaborate on that statement, perhaps tell us why you have come to this conclusion.Thanks
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Yes we did> Pref up 7.80 already this morning. Not sure just where it will go from here. Real values hard to figure just yet!!
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Barrick Gold, but I have never saw his resume and I don't think it has been made public. It sure should have been. JMO
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You think its a formality? You best hope that MSHA don't find a need for major changes in the installations or operational plans and they also have the EPA to get approval from. And you can quit your postulations about lawsuits cause you quite obviously have no idea what you are insinuating, or for that matter the requirements of getting a mining operation off the ground.JMHO
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Have you read that news release? It specifically states that MSHA will meet with management and key employees at the mill on May 24-25 to qualify the Mill This is the first inspection by MSHA and will most certainly have some concerns that have to be addressed prior to compliance. And quit trying to scare me off. JMO
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It can also be noted that there are many simple yet extremely important questions that do not have answers.Some of the previous posts have brought these questions to the boards attention and yet the answers are not made available. Do we have permits to begin full production at he mill? Has the company complied with all MSHA and EPA regulations so they can legally comence production at the mill? If not what are the time limits we are looking at to be in full compliance?? Just some simple questions that some of the more knowledgeable posters should be able to provide answers to the board. JMHO
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Also a FACT, that nugget has already been found and I am sure most of the adjacent silver has already been extracted as well.JMO
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I guess it is time to put some of my profits back in, so I will most liely be a buyer this week. I am just waiting for some answers to very important questions. I am still of the opinion that GHDC is the better place to hold. JMO
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Don't think we are talking about building permits here, my friend.
JMO
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I have read a couple of posts referencing your visit to the Mill on May 13. I get the feeling that you are leaving something out. You do make mention of MSHA imposed stringent regulations in regards to safety and compliance. However you have not said if SFMI has complied with these regulations and have been able to meet the guide lines in place by MSHA. There are also regulations in place by EPA and are most stringent. All of these regulations imposed by MSHA and EPA must be met before permits will be issued to allow production to commence at the mill.Random tours by MSHA are then conducted from time to time after production has commenced and if regulations are not being met then sanctions will be placed and the mill could be shut down. My question to you at this time, being that you had the opportunity to tour the facilities, have the permits been issued and are they in fact in full production or are they still in the process of trying to meet MSHA requirements???? JMO
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Defamation of what?? Have you read any of the posts on this board?
My opinions are based soley on my assumptions, observations,knowledge, vast experience and my
own personal research and DD. I also assume that
the other posters use the same strategy when they
post to the board.After all that is the purpose
of message boards, to provide a variety of knowledgeable
opinions. Opinions being the key word, I can chose
to render the importance of those opinions based
on merit and my own observations, however I like.
I have never slandered or defamed the company or
any of the directors in any of my posts and I can
stand behind that statement.
I will continue to oblige you with the most experiened
and knowledeable opinions I can, as I know it has been a great
help to many who can decipher proper talent.
JMO
Respectfully
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Sorry Richard, I am not with you on that, I don't feel foolish at all, matter of fact I picked up more shares at the low and those are up 100% I am happy about that and I amm happy that we now will be able to trade out of this mess and perhaps even make a few bucks. I do have a huge bundle to recover but I think I can do it with some hard work. JMO
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I suppose then you can tell me if the mill is operating 24/7 and how many employees on each shift. That is if you feel the Mill is operational. I can use this info to calculate just some of the extraction costs. What would your best estimate be, out of the 32 workers, How many would be on company payroll??
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Just real old fashioned DD and common sense,is not hard when a person is experienced , knowledgable, intelectual and keeps up to date on matters at hand. JMO
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You can reference post # 10035 as many times as you like, but it is very clear that the photo shows the conveyor from the crusher cicuit in an optical illusion. In any case an additional conveyor at that hieght and location would serve no purpose. Take a close look and you will see that it is the same conveyor from the crusher just shown from an angle that shows the mill building in the same photo. I think this has been explained to the board many times. There are some vehicles on site each day and it is obvious that these are belonging to contractors working on electrical and welding and carpentry which is all part of getting the mill ready to be operational. It is just commons sense as you can plainly see that the vehicles are of that nature. JMHO
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Still only see the one conveyor entering the Mill. I wonder how many several are?? There are many industries that operate on a 24/7/365 cycle, mining is one of those specific industries. Now I have saw your pics from today and I have checked the web cam on several occasions throughout the day and I would question weather the mill is operational today. I have another question for anyone that may know the correct answer. How many employees does SFMI have at this time? Do they still just have the 2 employees as stated in the filings, that would be PQ and his wife? These questions have been troublesome for me as I have not been able to find the correct answers, and they most certainly raise huge red flags when I am digging in and doing research on SFMI JMO
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Nah, to risky. I think I will wait for the signal again before I take anymore action with SFMI. The way I see this thing right now at Friday's close is that it could swing big time either way on Mon and Tues and could hurt me, so I wait. I also know there will be opportunities in the next few weeks to trade in and out to profit and thats what I wait for. JMHO
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