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Where does JIT live? Do you think he'll spend the night again or drive back tonight? Just trying to gauge the timing of his report.
So, Doug Jensen is our new mill engineer? I haven't ever heard the official name of our new guy.
Sounds to me like someone is building a company and getting ready for a huge induction of permittable use?
Anyone else?
Thanks Ally! That has been played like a broken record. I really appreciate your DD!
Safety meeting, mill restart, shipments, revenue, cash flow positive, magnetite cash cow...we'll get there!
Who is copperbullet? I don't remember this handle.
When you drove up to the mine, what was your gut saying? Did you get chills thinking of the potential or were you simply ready to get some answers?
Man, I wish I was there to take the tour as well! It's been way too long since I have been there!
Please ask about the Magnetite circuit as well. This is our cash cow and it sure seems it should be something that never stops running.
JIT-
Have a great time tomorrow! It sounds like Walt is pumped to get you guys over to the mill and talk through all the finalized upgrades. Regardless of the state of operations, I bet we are all in a better place after your report.
What is Penny's? Is that a Diner in town? What was the talk of the town in regards to CPRK? What's the sentiment regarding management and potential? What percentage of the town works there? Were any these types of questions discussed?
Thanks again JIT for your time and energy!
VVV
I think it can hold here unless there is more dilution. If they dilute further, .002 might be pretty high :(.
Tomorrow will be an interesting day once JIT gets the low down. People are going to be stir crazy just like they were the last time Rich went!
Tom -
I have seen this on CPRK as well as many other stocks several times. What I have found with CPRK is that when there is a huge ASK after close, it has "somewhat" signaled a large buying period to follow.
The last time I saw this was on Feb 23rd. In post 55756, I reference the .03 ASK price set after close that day. Now, it took over a week for us to go on this most recent run, but the information was already being leaked. Given my very limited experience, I believe this after close ASK can be a type of signal to other MM's, just like daily trading 5000 share purchases. Just not sure what it means...
Hope this helps.
VVV
Damn, this crow tastes like sh*t! Thanks Colorado1, I am disappointed that CAM used such direct language and failed to understand the necessary components in order to remove the "Stop Sign". I sure hope they are prepared to submit the necessary document to make this go away.
Before you guys jump all over my "nothing has changed" comment, prove this wrong. If you can, I will eat crow. But, I need certified DD direct from CAM's fingers that he promised a specific result from this PS filing. From everything I have read and questions I have asked, CAM was very hopeful of a removal of the stop sign based on this filing, but never promised a specific result!
As investors, we ran with it and hoped like hell it was a main catalyst to getting us more investor visibility and transparency. CAM has always been steadfast that this is just a step...
FOR ANYONE WHO "MIGHT" WANT TO SEE IT, GO TO WWW.PINKSHEETS.COM, PUT IN SYMBOL IN QUOTE BAX AND HIT GO....FOLLOWED BY "FILINGS" AND YOU WILL SEE OURS LISTED AS "INITIAL FILING AND DISCLOSURE.....
IT'S ONLY THE FIRST STEP, BUT IT'S A STEP.....
CAM
Thanks Verdigris. At least we know where we stand. Charles said it was just the first steps. It looks like they might still need to submit one more document. However, I am interested in Colorado1's call based on the information he received last week.
(iHUBers) Don't put all your eggs in this basket, put it in the baby steps it takes to become a fully transparent, cash flow positive mining company. This love hate relationship many are showing with the company isn't healthy for new investors looking at last week and then this week. What we should be promoting is what we all know, CPRK is very undervalued and a wonderful investment opportunity...some have said "once in a lifetime".
Stay the course, buy the dips if you can, and simply quit spewing the emotional garbage coming from your mouth. You know it wasn't even a thought last Thurs/Fri and from CPRK's perspective, NOTHING HAS CHANGED!!!!!
Nice Wes, you're going to love that purchase by lunch and/or eob! Glad to see someone step up to the plate...thank you!
Here here...exactly! Patience pays.
This has always been a 3-5 year investment and very few are past the 3 year mark and some are just starting.
(To iHUBers) We'll know where we stand by the end of March. Please hold all negative comments until then!
SJ - don't be too quick to give up on this "turning of the corner" with CPRK. Here is my Q&A w/ Charles yesterday. It doesn't provide anything, but he did respond quickly. He's still waiting for information.
Hey Charles,
I sort of heard over the weekend that there might be a slight hiccup in the restart.
1) Can you confirm if there have been any delays?
2) Do you know when mill will officially be restarted?
3) Once restarted, how will you communicated this? Official PR or just investor NOTE?
Thanks,
Brian
I've heard nothing but I have calls into Dave McMullin and MD, awaiting a return call...
CAM
If the pps just inched up last week instead of running like crazy, this pullback wouldn't hurt so bad. I guess my point is this. Don't let the shorters and MM's dictate your DD. They are doing everything they can to get this down to a number they can cover. It's the same song and dance each day. Here's the information coming this week:
- Stop Sign should be removed per Colorado1's DD
- CPRK should announce the mill is up and running
- JIT is visiting the mill tomorrow and will be to give a full account of the current status of the mill.
There are players involved in this that have quite a big stake in keeping this pps from running. Don't be surprised if until CPRK can officially confirm to the public that the mill is running and stop sign has been removed, that this roller coaster continues.
Smile SJ, you're going to be a very happy camper soon!
Peace,
VVV
Shiz-
Now I am completely confused.
Friday was 52% short interest on an 80+% pps day. I was expecting way less.
Now 35.77% on a day when MM's were truly bid whacking. I guess today was a combination of shorts and profit taking. We knew there would be some profit taking on the way up. To me, I am encouraged that today could be as much profit taking as shorts. The less people shorting this daily proves that if anyone behind the scenes is in the know, they now see a big rise coming. 15% decline is significant given this volume. I just hope to see a 15% decline tomorrow as well!
Thoughts?
If we can find a way to close today at previous close, I think it would be a huge win for CPRK! This volume and that pps would speak volumes about industry sentiment to the shorters as well as fence riding investors! I look forward to the finality of last weeks information to hit the airwaves this week, which should further strengthen our stance.
I wrote 15 smart ass responses to this before deciding to delete each one. I am actually quite proud of my restraint...
I have 3M shares and have been accumulating since Nov. 08. If I wasn't 100% invested with TD in account types that don't allow me to liquidate without penalty, you can guarantee I would be opening accounts elsewhere.
But, if you have some liquid capital you would like to share...
I think it's more interesting to contemplate whether the momentum from last week will draw enough buys to outweigh the carpet bombing by shorters and MM's? It seems like they have played their hand. Now it's the LONGS turn to over buy the cheapies and prove once and for all our support doesn't waiver in the face of manipulation!!
I just wish TD wasn't holding me back so I could help out!
Rich-
I agree that DD proves others are in these duties, but why do you think the paperwork was submitted this way? Don't you think it leads to not only a little misrepresentation of the facts, but also paints a picture of MD that outsiders researching this document might balk at?
The point of transparency is to gain confidence and attract millions of new investors, right? Now, there is plenty in there to entice, but the portrait of MD might be strong for some.
Thoughts?
VVV
Here's mine...
Hey Charles,
I sort of heard over the weekend that there might be a slight hiccup in the restart.
1) Can you confirm if there have been any delays?
2) Do you know when mill will officially be restarted?
3) Once restarted, how will you communicated this? Official PR or just investor NOTE?
Thanks,
Brian
Awesome Rich! Your DD and mill visit really helped a lot of investors load up at these low prices. Kudos to you for staying LONG, strong, and accumulating 17M.
Didn't you just post yesterday that you now had 10M? You must be one busy bee out there :).
At one time, my 3M shares was a decent number, but I didn't load up like you guys did. I am pretty young and just couldn't risk more than the $35K I have already put into this. When my wife and I started investing, our absolute max was $10K :). I hope she doesn't read this board :)!
On one hand, I think TDAmeritrade has screwed quit a few of us, but then again, it probably kept my emotion in check. I simply sold off too many stocks, at a loss, to buy CPRK. As most of those stocks are 2-3 baggers from the time I sold them, I am just happy to see CPRK running because in the end, the exponential amount of money that could be made here will make those sells look genius!
Well, I hope your investors get paid very soon, that would mean CPRK is churning a profit and paying off debts. Do your clients own stock or was it just a venture loan?
PW - Everyone here has always known the potential of this, but we have been closed minded to the possibility of this going to zero. You have always taken a different approach to what they needed to do as a company to get your respect and I am very happy to see it happen. Obviously transparency is key in your eyes and now see the type of information that is included in those docs.
Welcome to the believers club and I hope your clients you represent are starting to feel as good as you are about the potential here.
From the way the article was written, it sounded like it was but at a low capacity.
How did you confirm this?
Webtime, how are you feeling about CPRK? We still have some obstacles to overcome, but it sure sounded like from Charles's frankness that "dialing in" the mill isn't the issue. I can't remember the exact quote, but when he mentioned we were within $11 of our estimates on 2000 or 2200 tons of concentrate, that was pretty impressive. If operational issues work themselves out, I think that will go a long way in proving to doubters that this new engineer and possibly MD and management aren't as defunct and worthless as advertised.
Long way to go, eye on the prize...$1B in metals over next 5 years!! Boy if they could hit that, we would all be fat and happy. And remember, the guy on the Bill Chippas Show said mining companies always trade at 10X their earnings when they are properly valued. .30-.50 sounds easy even without the retirement of shares. Those prices sure should make even LONGS have a trigger finger!
I could get used to these 50% daily rises in pps :)
Close Prediction: .0043-.0044
Short Prediction: 13%
Shorters will continue to short and make money off the ebs and flows of this stock, but they better cover in the same day or same hour!! We will continue to run on great news and many new investors. We are completely undervalued and have been beat down like a red headed step child.
I can't wait to see the shortie numbers today and see if I am even close in my prediction. It might be quite a bit higher than I thought depending on total volume today. Either shortie has much larger balls than we all thought or they simply haven't done their DD.
Here's to CPRK continuing to change the mind of long term investors and anyone else that researches our Milford Miracle!!
The past two days sure is making June seem like a great time!!
Good morning all,
For as quick as I was to discredit TMF, I do have to eat crow here. It sure seems like this Michael character knows what he is doing. Without an offical PR from CPRK, it's impressive to see how many news wires this information has hit. I wonder why we haven't put out a PR on the transparency submission since that's at least accomplished!
Do you think we had for this article with TMF?
Peace,
VVV
AWESOME!
Not to nit pick here, but did anyone at CPRK double check this filing before submittal? Not a big deal, but the claims are all over the place:
Section 8B:
As this starts to climb over the next few weeks, it will be interesting to see what happens to the volume.
I know we'll attract more investors with the TMF article and PS compliance change, but as the price increases and it's more expensive to purchase big lots...
I just think it will be great if we can hold this volume and increase it as we ride this back to .01!
I didn't take it that way. It's their job and like anything else they have been trained to think speculative stocks are evil and they should steer TD clients away from them. More fail than succeed...no offense taken.
Where are the carpet bombers? Will they let this run? No more dilution will sure scare up a steady pps rise! Can't wait to see the charts!!
Still need some news to confirm updates to our list of baby steps.
Will be a great day, but it's always the next day that lets us know how tough the shorters are. They are going to feel the "ring of fire" or "fire snakes" or whatever your term is for it very soon!!!
Yeah, I sure hope so! You might want to remove your BUY :)
Panson,
No one has ever questioned MD's geology degree or his ability to identify and remove high quality ore! Knowing what it takes to preserve mining deposits is a great thing, but I wish he would stick to his passion and his strengths. IMO, we would be further ahead than where we are now. How far, no telling. Could be .0030, could be .30, but we would be ahead imo.
Yes, 11/08 was the date of the only time I have been to mill and signified when I "saw the mill first hand and proved to myself it was real" and decided this was too good not to invest in.
We're on the door knocking, just need this momentum to continue and we'll all be very happy come June.
VVV
***Had to edit to get above this very fast moving pps...GO CPRK!!!
TDAmeritrade Update:
Basically the gentleman I spoke to didn't have any information on why this was a restricted stock and was very upfront about it. He said this is something that is reviewed by the risk department and it's best for everyone involved if the brokers are kept dark to the information of why so they don't persuade you one way or another.
I also asked if a customer could request an immediate review of the stock based on pink sheet transparency changes? He said in all his years he had never heard of anyone doing this, but said they would never not submit a request of an account holder.
So, when the PS update is complete, I will call in and see what kind of request I can make.
But, for now my takes is:
- TDAmeritrade is a conservative brokerage house (which I kind of support)
- Temperature on when CPRK will come off restriction is pretty cold
- Might take investor requests to review a stock based on changes
- Thought I was pretty nuts wanting to invest further in a company TDAmeritrade has restricted (it was the tone of his voice)
Well, my SmithBarney broker finally got with it today and slapped the ASK at .0023 even though I sent him a message first thing this morning to get me in at .002.
Regardless, I am happy to be a part of the cheapies and just wish TDAmeritrade would change their tune and allow me to buy!!!
I am calling Ameritrade right now to ask first hand what the hold up is and if they see the restriction being lifted soon.
Walt commented on this in Nov. 08 during our site visit, but just said CPRK was quickly getting all their mining permits in order to counter any Obama administration changes.
Obama-
I read your posts because I read them all. But come on!
1) Dilution is necessary when you mismanage money and miss the mark on your first attempt to become cash flow positive. However, for as much as you want to blame CPRK for dilution, we can also look at the unfortunate event that was the RBS Sempra deal. We enter into this agreement with promise of a healthy relationship, the backing of a worldwide bank, and endless support for financing. Then we fall victim to the horrible worldwide banking collapse and RBS is yet another one caught in the middle of bundled toxic loans. Our deal falls apart. This might have been short sided on the part of CPRK BOD's to not see this coming, but it's not like it happened overnight and I am sure RBS wasn't exactly forthright with all the financial troubles they were facing! I am just proud we kept fighting and didn't give up once this deal turned to dust!
Everyone, and I say everyone, on this board understands dilution and that diluting shares decreases share value and increases share structure. We get it!! Can we officially quit beating this dead horse and move on??
2) When a company is in dire straights financially like CPRK and then proves they are turning the corner, there is only one type of investor who isn't VERY EXCITED, "the one with an agenda"! I understand why some are bitter, but if you had a single share in this game, getting up off the mat and dusting yourself off would feel great! But, no way our "spot on guy" has a single share here. Or, our "agendaless" friend is SHORT? What is it?
3) Shorting is real, the website is real, it's real! When dilution happens, the pps plummets. But, when the share structure stays solid for weeks and continuous buying is met with continuous resistance from shorting, it's SHORT! There is nothing wrong with this concept as long as there isn't a FTD associated with it. If investors want to bet against CPRK, go ahead, I know 500 more on this board that aren't!!
But please put the dilution bashing to bed. If CPRK has to dilute more shares for whatever reason, feel free to get back on this horse and ride it, but only until the impact of that single diluting act is absorbed!!
Obama, your charts are educational to me since I am fairly new to trading and have never utilized them. Use your talents with charts to educate us on what the market is saying and how we should be looking at this investment from both sides. We have witnessed how accurate your charts can be on the way down. Now, I am very excited to see your charts as CPRK runs up into the .10 range! Thanks in advance for providing these!
Peace,
VVV
Where's the rest of your post???? I was most intrigued with Charles finally discussing the Sempra deal. And when you get to the part of the problems they had with us, it ends...
Is there an end to that sentence and subject?
Rich or Co1,
Can one or both of you update me on the mag process? I thought we had one ball mill dedicated to mag processing. If so, why have we not been processing mag the whole time? I am sure water is needed for this process as well, but it seems if you have a cash cow, you keep the cash cow fed??? Am I over simplifying this?
Thanks,
VVV
J4P-
I think you'll be fine, but you might have to trust history.
I am very excited to hear of the news as well, but there are some time lags built into Charles's NOTE:
1) Pinksheets.com update in the next 24 hours. I would round this up to eob on Friday just because...well, you know.
2) Mill hasn't been restarted or at least they aren't saying so. Until we start shipping CuCon, which could be a week or so I think we'll unfortunately see the pps dance all over the place.
There might be a hot buying time tomorrow and Friday, but with any pps climb there has always been a pull back. I hope to never see a pull back again, but a history of chasing the pps up with the mindset of "we'll never see those prices again" has made me take a step back and really learn from my emotional responses.
CPRK is slowly growing up as a company and starting to either change the mind of doubters or prove them wrong! But, we have a long way to go.
Getting this unbelievable opportunity in front of more investors through the first steps of transparency is great! Correcting our mistakes and updating our mill to properly function is even better!
I simply can't wait for the news of that first shipment of CuCon using the new process with percentages in the 30's and realizing, we're so close!!! Once a steady stream of cash starts hitting the books, we can start eliminating the lien holders 1 by 1. Oh what a feeling that will be...
That will take us through about June when you better believe my wife and I will JUST SHOW UP
All I know is that I stand by CPRK restarting the mill, becoming cash flow positive, paying off lien holders 1 by 1 which will retire some of this ridiculous share structure, and starting to act like a real company!
This is our last chance to prove to the world we didn't make a foolish investment in CPRK, rather, an investment in potential which is finally coming to fruition!