Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Uhhh..the same advice/opinion since I been posting here:
Wait for a better entry point..preferably in the .0002's and below.
Although, with so many Billions in A/S there is still a risk of a severe R/S at some point. Hence why I say wait for a lower entry, if you truly want to gamble here imo.
Worth a solid gamble at lower prices.
My single biggest concern here is the contiued daily dilution...when does it end??
Good luck trying to sell this stock, brokers are now starting to reject it for trades....not looking good at all.
They need to continue to raise significant capital. How do you think they will do that? Dilution.
Notice the enormous volume..yet no pps momentum...you have to wonder, is this the best investment choice at these current prices...considering the alternatives?
Only "action" i'm seeing is the downtrend continuance..sharheolders losing money again today..
Should see 0.0002 today. Maybe .0001 by Thursday IMO.
Release fluff pr, hit dilute button.
I confirm this. It appears that those who already own this sock through zecco are in deep trouble.
What does zecco know, that you don't?
Not looking good at all IMO.
News=disapointment.
Looks like another fluff pr to dilute this some more.
16 BILLION A/S..this is stuck in the mud for some time to come.
It needs a serious Reverse split, and some big outside financing to be taken seriously imo.
Until then, just looks like more dilution on the way.
Nice post. Sumamrizes quite eloquently the current situation...with logic and reason as your guide.
Emotional investing is a sure fire recipe to buy high, and sell low.
Folks need to realize, these current low prices are reflecting our "potentiality"...BUT if they prefer to buy in at the moment of "acutuality"..well...they should be prepared to fork over premium prices...buy NAK instead.
It's really not a diffcult concept.
I still remember the first principle..buy low..sell high?
GLTA
Anyone looking to dump..please sell to me..I have some stink bids set in the low 2's and below... to help make your exit as smooth as possible.
I fully understand your need to extricate yourself of this sucky stock, with 10 years and nothing to show for it :)
TIA
If you desire a new LBSR ceo, by all means take those concerns in all their various forms directly to those who can affect the situation...that being management itself.
I don't see anyone on this board who can solve your dilema.
If management refuses to ,or cannot affect your desired concern, by all means, sell ALL of your holdings and don't look back.
Life is really quite simple once you put your mind to it imo :)
I am pleasantly surprised of my luck of being able to continue to add to my postion in the 3's or lower?
GLTU
The problem with physical gold.
1. You can't eat it.
2. You never get what it's really worth when you go to sell/trade it.
3. It has no real intrinsic value, other than it's utilitarian/religious contrivances.
Summary:
For anyone wishing to see 10k gold and beyond, I hope you realize your new found "paper money value" at those levels, won't be worth the paper it's printed on. $10 million today, is a completely different economy at gold 10k.
This is the great paradox of worshipping high gold prices, it demands a crashing economy, where inflation runs rampant, in order to realize a parabolic value for gold. It's the pardoxical catch 22 at it's worse.
For all intensive purposes, what small fry retail gamblers really need is..a bad enough economy, but not total collapse, in order to realize the zen balance of an appreciating asset class like gold, but still needing the basic economic stability to enjoy it.
CGFIA looks like a good gamble under 0.0002 imo.
With A/S @ 15 BILLION+, Don't see much upward movement unless a serious R/S occurs unfortunately.
Maybe that's why we are seeing only a steady "stuck in the mud", and heading lower..just a steady low hum of daily dilution imo.
Will you be calling your company's IR personnel for clarifications? Or are you satisfied within your own mind already...that CGFIA is automatically NOT involved in this?
As a shareholder, I would want to know imo.
Facts:
1. I do not currently, nor have ever owned stock in this company.
2. I have never suggested this is a fraudulent company.
3. During my DD, i came across tech charts that suggest what is already occuring...a downtrend. (i did not, and cannot "Create" this down trend)
4. I have said repeatedly, after the down trend completes, may worth a nibble to gamble on the potentiality.
5. Whatever opinions I may hold, i share them here freely, since it's a public posting board vith varying views. I am under no grand illusions that my thoughts carry any real weight in other investors minds, as to buy and sell decisions (see my signature on bottom of every post)
6. I am not paid to espouse opinions, pro or con.
7. I am not "bashing" anything, only relaying what the charts suggests as my own personal opinion.
8. Anyone suggesting this company as fraudulent,hopefully will have ample evidence of such, and rightfully submit the same to the SEC for injuntive relief.
I hope this clairifes thie issue.
"Had I known back in the 0008's that the A/S would increase and dilution would become regular I would have waited for the final good news to buy shares"
Bingo.
New money may fair better waiting for the 0.0002's is all I have been saying. As it appears this is where this PPS may be heading near/midterm according to tech charts.
Understandably, some who unfortunately bought at the top don't want to accept that notion.
Even in the 0002's, there may still be a danger of an enormous R/S, whis is sadly very typical in these micro penny markets :(
Hard for the little retail guy to win in these arenas. Worth a nibble at 50% off current prices, I won't bet the farm.
Unfortunately,investors pick an choose the "excuse of the day" when things are not going their way.
If CGFIA soared 400% today..most here would be chest thumping saying it's because of all the great potential of this company, but when it tanks..oh its the broader market.
In any event, this is heading lower..with or without the help of the broader indices.
Yesterday it closed at 0.0004, NOT a good sign, since it bolsters the continuing trend. But you already know this.
It's heading lower...the trend didn't "Start" yesterday.
More losses coming here in the short,and extended midterm term according to my interpretation of tech charts IMO.
GLTU
This chart looking more depressing every day. The down trend increasingly being validated.
Lots more money to be lost here soon :(
0.0002 on the horizon imo
Don' t be a hero, and go down with the ship into the depths.
Gold should see moderate correction back to UNDER $1,600 range by weekend IMO. Too overheated...profit takers taking some off the table before weekend.
"PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS". But you already know this...right?
We need raw data results from comprehensive drilling programs from claims... to get to the truth...NOT past speculations IMO
Do you know the difference between "audited" and "UN-audited".
These filings are only "unaudited" financials.
I asked, when will they be releasing AUDITED 10q.
TIA
When will they release an AUDITED 10Q? Seems strange they wouldn't want to provide this verified info to shareholders.
According to otcbb.com...Last 10q one was over a year ago..and that one wasn't audited either.
Shareholders should just take thier word for it?
What gives?
Agree in it being a lotto play. IMO only in the .0002' and under range.
Don't forget they still have to prove the reserves with a serious drilling sampling schedule, if it's not SIGNIFICANT...high gold prices won' t mean much IMO.
This has nothing to do with CGFIA from what I can tell.
No point groaning on about high gold prices...this company is no where close to producing significant reserves to take advantage of this current gold price trend unfortunately :(
AGREED. My own DD says strong sell at these levels. Worth a nibble @0.0002 and below IMO
Difference is "NAK" PROVED "SIGNIFICANT" and ongoing RESOURCES.
This is the universal law regarding micro mining companies. Prove big, get BIG pps movements.
Prove small resources, won't give you much pps momo..maybe a double..or triple if you are lucky :(
Do you believe CGFIA can prove "BILLIONS" in thier claims?
I don't see any data to suggest such a thing.
TIA
Can' t hold 0004's..not enough demand. Proper Support is at 0003's..this is tech chart analysis reality.
I'm calling for 0002's near term. Charts don't lie..people do.
I understand it may be a rough time for those who are already in the red,and may refuse to see the near term negative possibilities.
Save some dry powder to average down IMO.
Thanks for this info. Unfortunately this is mostly wild specualtions based on finger crossing sentiments.
So basically they have some mining equipment, permit in hands..small bond payments left etc...but friend..revenues are but a faint mist on a sunny day here.
All I see here is a couple treaure maps, and alot of hope. There are thousands of penny mining companies spewing the same fluffy rhetoric.
CGFIA needs to get serious financing in order to provide some serious sample drilling plan scheduling on the table; to be taken seriously.
Prove some resources..this is how mining stocks go up in value..by PROVING the underground resources with drill sampling...not by bragging about thier "mining claims" or machinery imo.
See NAK symbol, for textbook example of how it's done.
As far as I can tell, this company is nowhere near to proving anything of substantial value within their claims..notice I said PROVING..not speculating.
This is heading lower in the meantime. Overpriced at these levels imo.
Can someone explain this? I thought he said a day or two ago that he was currently "a director in waiting". BTW is he working for free since January?
SUNBITS OWN WORDS:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65824845
(2) Sass Peress was appointed as director of the Company on February 1, 2011. They will begin
service as directors of the Registrant on the Effective Date.
(What is/was the effective date????)
Compensation of Directors:
No member of our Board of Directors received any compensation for his services as a director during the
fiscal year ended December 31, 2010 and three-month period ended March 31, 2011.
https://materials.proxyvote.com/Approved/793893/20110706/OTHER_97743.PDF
What fun "facts" are you using to validate this "going higher" position?
I posted mine earlier..the trend never lies.
TIA
Short term/medium term SENTIMENT:-STRONG SELL
Support @ 0.0003...realistically a bit lower.
:(
Unfortunatey it looks like it's heading much lower. Won' t be surprised if it closes @0.0004 or lower.
Smart money is waiting on the sideline for 0.0002...too much downside left at these levels imo
"potential", every penny stock claims it has potential...there are a dime a dozen.
Release fluff pr..dilute it...major reverse split...rinse and repeat.
Revenues..well that's another matter all together. This company is heavily indebted, no real revenues to speak of..and apparently diltuing the heck out of this stock daily.
Typical action in the micro penny land unfortunately :(
Heading much lower in the interim imo.
It's difficult sometimes for investors who buy in at the top of a trend, to accept that thier timing was incorrect.
I have made that mistake repeatedly.
According to the charts...the trend seems clear per my own interpretation.
I wouldn't be surprised if it in fact sees 0.0001. Just depends on the emotional mindset of bagholders once the plummeting begins.
First there ususally will be call to hold the line,ignore any negative talk of "reality"...then slowly panic begins once large blocks start taking her down into the depths..then its' every trader for themselves.
IMO anywhere under 0.0002 is worth a small gamble.
Follow your nose...I smell a dirty rotten boiled egg 0.0002 coming IMO.
Profit is a profit..just depends on how many shares your are dumping.
Someone has a relentless finger on the sell trigger atm.
Profit takers exiting with enormous volume...New bagholders rushing in too soon for slaughter IMO :(
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=USOTC%3ACGFIA&s_ok=Get+Chart&period=5&drawmode=0&size=19&volume=1
Respect the trend.... DOWN..DOWN...DOWN...She will test, then bunce off 0.0002 Instead due to enormous selling pressure IMO
BARCHART AGREES:
Short Term Indicators Average: 60% Sell
20-Day Average Volume - 69,867,336
Medium Term Indicators
40 Day Commodity Channel Index Sell
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% Sell
50-Day Average Volume - 65,986,531
Long Term Indicators
60 Day Commodity Channel Index Sell
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Hold
Long Term Indicators Average: 67% Sell
100-Day Average Volume - 60,383,242
Overall Average: 72% Sell
Price Support Pivot Point Resistance
0.0005 0.0003 0.0005 0.0007
http://www.barchart.com/opinions/stocks/CGFIA
Don't waste money..bottom here is 0.0002 IMO
Watch and learn.
16 billion A/S??? BOING--->Get real, this pig will be stuck in the mud until the typical insane reverse split scenario wipes out bagholders.
Extreme dilution occuring daily right in front of your faces.
Seen this a millon times :(
Very fishy share structure and selling volume.
NON-STOP dilution machine.
run away IMO