Just trying to make a buck or two!
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No "cusping" allowed, and no spittin' neither! LOL! (Rules of the Grog Bar)
at some point we hit the edge and just need a little push!
CGFIA
If not today, early tomorrow. I know there are a few more people trying to get the funds to buy more today. I hope they can get in before the 2's fall, but the buying pressure is what is helping the push.
There has to be an end in site, and I think it is very close.
CGFIA
It certainly looks that way. The smoke screen the MM's are putting up is not going to hold. Just too many buyers.
Just so it is fair to others who post their buys, mine was for 1.5+ million. (I buy by the dollar Amount i have available, minus commissions.) I'm at 10.5 now. Just enough to buy my Double Wide, with the 2 Porsche garage!
Good luck to all!
CGFIA
My buy executed earlier this am. I am tapped out, but happy to have what I got.
I'm really "Empty Pockets" right now!
CGFIA!
Good thinking!
I think I would have made the same choice!
Catch you tomorrow, my friend.
Tomorrow I get my 10 millionth share of CGFIA. It is the day I will remember when I become a millionaire!
I get your meaning, and just as a friendly correction, (because I do think of you as a friend,) the word you are looking for is "cojones". (I learned a lot living in an area that has a high Spanish influence.)
I would have loved to see that, you walking into the bank and saying "I want to pay off my mortgage" and flopping your "cojones" on the counter!
I'll bet that scared the teller!
Try paying your mortgage with BLUE DOLLAR BILLS! That's one time color matters!
And all without the need for "Stock Trading Viagra", Sergey! (that is the little GREEN pill!)
Thanks for the kind words, AK! I guess you are just seeing my good mood tonight. God knows you have all had a chance to see my pissed off side too!
(I think a lot has to do with the freshly baked apple pie my neighbor baked for me. Nothing like a warm piece of pie to set you in a good mood! Yes, drool fellow CGFIA'ers, it is THAT tasty! I would share, but the best I can do it hint at its tastiness!)
Yes, a down finish to the day, but an extended chance to get a the bargain prices we are gifted with today. A lot of us are scrambling to transfer our holiday gift money into our trading accounts. (me included) so this is our extra day to get it done.
Volume is certainly running high, now all we need is the share price to start to catch up. (but not too fast, please!)
Damn, AK, those figures you dug up yesterday certainly had my brain working overtime. Conservatively, it is still one heck of a lot of precious metals! (It did give me some nice dreams. Before I woke I already had my Bugatti AND my new Cadillac!)
Just a few more little things for CGFIA to get done, like the settling pond issue, and I believe we are on the road to prosperity!
Here's to a good future for us all!
Glad to do it Sally! When you see this type of equipment, you marvel at how beefy it is constructed. It has to be, it crushes rocks and is constantly being knocked around by the things it works on.
The concept hasn't changed much in decades, so it is still functional in its design.
A little TLC (oil and grease) and it will be just fine. And it it needs a stitch or two, you do that with a welder!
That is just the way I think Sergey. No posturing, although it is just MY opinion. I'm not looking for a quick turn around, at least not in CGFIA. This company has too much potential not to give it a little time to develop.
No, my mistake, I misspoke, Kitt. I understand your philosophy. (It is just a matter of semantics. Same animal, different names.)
That's why I know you are looking for some different things than I. But in the long run, we both want to just make some cash! (or more accurately you do it in the short run, I go for the long play.)
It wish I could do what you do, but I think in different patterns than you. Maybe it is a right brain / left brain thing?
Right now, CGFIA is tough to flip, IMHO. Not enough momentum to get a good move in PPS. (Am I right?)
My background is mechanical and manufacturing process oriented by training. That is why I see it differently. I go with what I know. I would probably end up paying a high price learning how to flip stocks.
I hope we all can make the trip, as new "wealthy SOB's"
10-4 moun10mn, I will do!
Thanks for the figures, and as always, Best of Luck in your investment!
CGFIA
Oh, just another question, Kitt. What "recent promotional activity" are you talking about? I haven't seen any promos running, so I am just curious what you have seen to make you say that.
Thanks!
MT
Increasing the A/S isn't dilution if the shares are never issued. It is the outstanding shares that the value of the company is calculated on. (O/S multiplied by the PPS= market value, OR, The assets or the company, minus the debt, decided by the outstanding shares equals the stock value. The authorized amount isn't considered in either calculation.)
The additional shares in the A/S were authorized to cover a planned merger and the purchase of mining rights. If you get value for the shares used to buy the assets, then it isn't dilution, it is really an investment.
The latest figures are here:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7997184
Page 4.
As far as the P&D we saw recently, it was not CGFIA that did the pumping and dumping. That was paid for and executed by financiers who's shares (or the promised shares used to secure the financing) came off restriction. Yes, it was toxic financing, negotiated in the past, and on the books for some time. It was no surprise to those of us who knew about the debt. What was the surprising part was the number of shares that were required to cover the existing debt (since when the financing was negotiated, the number of shares required to pay off the loan was not known. It was based of a future PPS).
I just can't see how you can call CGFIA a scam. A company does not put up $650k bond to a state agency just to set up a scam. They don't fight a monumental and unprecedented battle with the State of Colorado's Agencies, incurring legal expenses and added costs, just to run a scam. There are far easier ways to scam money. Also, the financial reports don't show any telltale costs for personal items, cars, houses, etc. and everyone working for CGFIA is being paid in stock shares. It just isn't logical to run a scam like this, so I personally do not see it as one. I see it as a small group of people fighting to reopen a potentially and historically lucrative enterprise mining precious metals. (Most mining companies take 10 to 15 years to get up and running.)
You also claim that CGFIA has nothing. I just don't see it that way. They have a mill, & leases/ownership on mines with historically proven assets in the ground.
The value of the mill alone in equipment, if sold in parts and pieces, is over $12 million. Now that may not seem like much, compared to the O/S, but it isn't expected to be at this point. (If you calculate in the estimated ore, then the figures drastically change.)
CGFIA is an exploration company, so I would not expect them to be generating income, particularly with the C&D order in place on the mill. Now if the C&D were not there and there was still no income, then that would be an excellent point to support your view, and I would agree with your assessment. But saying that they haven't produced any income is like expecting a car that has no tires to enter a race. It is just not a valid point.
This difference in opinion will be settled soon. Either the C&D will be removed and the mill will restart, generating revenue for CGFIA, or it won't and that will effectively end the company as a viable entity. Time will tell (and that should not be very long).
You are looking for a different set of circumstances than I. You are looking for a stock investment; to buy a stock and see it increase in value. I am looking for a company investment; to buy a piece of a company and see the company succeed producing income and grow. That is the differences in our strategies and how we see things. One is not necessarily contradictory to the other. They can in fact, for the most part, be symbiotic.
And as Don Corleone said "I wish you luck in your endeavors, since your business does not conflict with mine."
Good luck, Kitt.
Got you covered, '67. I find that it never pays to rush. I wish you luck with the buy and all the shares.
Let's turn them into $$'s real soon!
CGFIA!
(let me know if you get lucky and get more than you expected! Like a blind date, sometimes you get REALLY lucky!)
Thanks for the figures, Intomoney. I will do the math and make sure I don't double enter your buys.
Good Luck!
CGFIA
I saw your buy INTOMONEY, so I'll add it to the total for the Armada.
Thanks for the figures, and GOOD LUCK!
CGFIA
Kitt , the A/S is 35 billion, not the O/S. that is only approximately 11 billion.
I'm sure it was just a typo.
GLTY
Ficoce was out that way for a site visit around September.
One thing to remember about this type of facility is that this equipment is built to last. It is rugged and made to stand up to 20-30 years(minimum) of rough use. Most probably the worst thing that you would see in a covered, indoor plant like this would be possible electrical issues. Even the chances of that is relatively low, since you wouldn't see too much that could be damaged. (Most of the motors and electrical panels would be water resistant. Mechanically, bearings would mostly be sealed type, requiring little upkeep.) If there hasn't been any vandalism, the mill could be started within 2 weeks. Guyer and Fearn would know about vandalism by now. (FWIW, This was my area of employment, factory equipment, for 20 years.)
I'm not too worried about the readiness of the plant. They have water and power. All they need is a little time to test run, repair, and fine tune the process. This was a functioning plant, so that will be minimal.
Remember we now have Mr. Fearn as COO. It is/was his plant and he knows it's condition. I'll bet you a double Grog that he will have dirt running within a week after the C&D is removed.
Just my speculation and educated opinion, but this is something I know a little about.
Fear not Josey, the plant is functional.
I do commend your insight in asking the question. I know you are trying to look out for all of us.
Thanks!
GLTUA!
That may be way too late, and the price by then could be at .0004 or more. You may end up chasing the price. Buying now is low on the downside and high on the upside.
Much more value for the invested dollar here than at a higher price. But then again, you have to want to invest in CGFIA. If you are looking for a sure thing, then pinks are far from it.
JMHO,
Good luck!
CGFIA
Saw your buy, Hink. I'll add it to the Armada total!
Good Luck!
CGFIA
Got your message GGrog, will do. One small step for Grog, one giant leap for CGFIA!
Good Luck!
Ok, Mario will do!
Good luck on the new shares!
CGFIA!
You are way too grounded and realistic, Sergey. You also know I would never trade her for a Bugatti, or all the gold in CGFIA's mines.
I just want a chance to spoil her rotten and keep her showered in luxury, for a change.
(I'm sure she would be happy if I just showered more often!)
Catch you tomorrow when things get exciting!
Ok, here is the "quick" figures I ran:
3 million ounces of gold @ 1750(arbitrary figure for price of gold) = 5,250,000,000 divide that by the outstanding shares (11,586,080,785) and that equals 0.4531¢ per share.
Now that figure does not include expenses and cost to mine and process the ore, but let's say it is 20% (a generous amount, but let's be safe) the net figure per share is .03625.
THAT IS A NICE FIGURE!
(Note this figure is for gold only. Silver, copper, etc have yet to be calculated or included. You probably could just forget about the 20% expense figure I deducted, but I would be happy if we only got the .36¢ per share.)
Please check my figures, and feel free to speculate along with me.
Good Luck
CGFIA
Grizz, Well, you have a west coast audience tonight. I just read your post. I'm going to do some recalculations using up-to-date numbers on shares and price of gold and I'll post my figures. (someone may beat me to it before morning) Just a quick mental calculation shows we have been way short of the realistic potential of this stock's price per share with the .0045 I have seen lately. (now I'm getting excited, I need a Valium!)
Thanks for digging that up. It puts everything in a totally different category. ( Maybe I CAN think about the Bugatti!)
Back in "the good old days" I had a Nissan 300ZX. I let the wife drive it for a couple of weeks and she wouldn't give it back!
Now how do I get her to let me get the Bugatti? (when CGFIA gives me the cash!)
I certainly won't lend that to her!
Imcat, FYI, your numbers are a bit dated. The new figures are in the 10Q dated 11/30/11
Page 4 will give you the summary with all the figures.
Here is a link to the document:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7997184
Hope that gives you some more up to date info.
Good Luck!
What about breaking the space-time continuum and stopping my pacemaker, not to mention shifting all the Botox and silicone in my date's body? (I say date because my wife would not be around, otherwise I would never have that car.) Should I consider any of those in my decision making process?
Well, then the Bugatti is out of the question. The wife wouldn't appreciate me attracting any more women! (or guys for that matter!)
Maybe I should stick to the Cadillac...for her!
Usually the way a buyout happens is one of 2 ways. Cash for your shares, or shares in the buying company for your shares, at an agreed upon ratio.
So you get value in both cases.
(Mergers are a slightly different animal, usually happening by the second instance.)
In any case, you own a piece of the company (thus a "share" is called that for a reason, it is a piece of the company.). So when someone buys the company, you get a "share" of the price proportionate to the amount of shares of stock you hold of the outstanding (O/S) count.
That is it in a nutshell.
Hope it clears up the question for you Shy. If not, ask more. I'll try to explain.
Hey, SG, I think my little 10 million stack may be a little short for that! Now if BOTH our mutual holdings hit the mark, I stand a much better chance!
I keep telling myself that I will wake up some day and check my trading account and see that all my gold stocks have gone ballistic. (and considering we are both on the west side of most of the rest of the country, all we need is one good "golden" morning of trading for that to happen.)
Sergey can probably get us good deals on the Bugatti. (he says they come WITH papers!)
When you have fat fingers like I do, you learn how to fix errors quickly.... you make way too many not to!
No problem, glad to help, and thank you for the link!
CGFIA
I'm thinking big, like a Cadillac, or maybe something better.
I just need to see if it will fit in the garage. If not, I'll knock out the wall and eliminate the kitchen. My wife doesn't know what it is for anyway.
Thanks, PNKSTKB! You are about 4X my total, so I will only be 1/4 the man you are!
I'll add the new shares to the total.
As always, GOOD LUCK!
CGFIA
At least when you buy it PNYSTKB, you won't have to garage it in the winter months. We have all year round weather for riding, but you know that. (I'm just trying to make the rest of the guys jealous!)
With pleasure, Sir Knight!
If we use honey in the Grog will that do instead of Meade? The bees are a bit sluggish at this time of year!
You have a few fellow "fat boy" addicts on the board here with you. I din't ride, but Grizz and AK do. Both fat boy enthusiasts.
I'm sure you will be hearing from them!