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The goal with this stock (and more importantly, the company behind this stock)is to see the company come out of BK, and
and thrive......bashers are not welcome here !
I am confident that when significant happenings occur which can be posted, our ESHC will "get it done" !
We must remember that Charles M. was only able to tell us what he was told as a PR man, and he was in the dark almost as much as shareholders were.(BTW, I think he was paid in CPRK shares)
Chuck D., FFF and the ESHC keep us informed to the fullest extent they are able to. I think the trust level is much higher because we know the sacrifice and personal committment they have made to seeing CPRK become successful.
GLTA Longs
That's my thought. Someone is trying to cover their short position and is in panic mode.
JMHO
GLTA Longs
The ESHC have shown nothing but integrity and honesty. They have put their own hard earned cash on the line, as well as God knows how much time. They are restricted from trading their own shares. Do those attributes seem to you to be lacking confidence or misleading? We're (shareholders) are "still in the game". Why don't you join in ?
GLTA Longs
DrBob
J4P,
If good things continue to happen with CPRK(Q), I'll be showing up to the car show, the shareholders meeting at the diner, and the Mill tour! I've never been to Utah, but Milford would be a great place to first experience it !
A settlement has been reached with the secured creditors, but has not been paid yet. Altus, (or preferentially) a funding source brought on board by our illustrous ESHC will be forthcoming......
(As I understand, IMO)
You would have my vote Frank !
You did a great job spelling whatcha.......better than I could have done !
I am very hopeful that Chuck and the EC will secure financing
to satisfy the creditors, and bring back CPRK (Q) into full production. Perhaps the new company could be named......
Milford Copper King, or "Resurrected" Copper Mining.
GLTA longs !
DrBob
It's called a "Phoenix" (rising from the ashes)
GLTA longs.
DrBob
He could just be asking to be paid for his services.
Document 547: An interesting read ! It's only 9 pages.
Davis "Accounting" Group was trying to SELL the Books and Tax records of CPRK (Q) to the Equity Committee ! And Davis was looking to be hired by the "new" CPRK as it's CFO. LOL !
My interpretation only, but I think it's accurate.
If I'm not right, someone smarter than me on these legal matters please comment.
Thanks, and GLTA longs !
DrBob
I do believe that Chuck and the rest of the committee is
putting together a top notch POR and financing that will
get all debt paid off, get the mine producing again, keep
us shareholders intact (mostly), and do alot of good for
Milford, Utah! I am looking forward to the opportunity "Just Show Up" as JFP so eloquently reminds us. (IMHO)
I think Altus is "just" JB/Watley's "solution" to CPRK(Q)'s immediate problem.
I also think/hope that our Equity Committee is coming up with it's own financing and POR option(s), that are equal or better,
than Altus, to put before the judge and the Secured Creditors.
My hope is that Judge Thurman will review the offers, and see
the logic in going with what our esteemed Equity Committee is
pulling together.
The above is in MHO only. Waiting, holding long......
DrBob
J4P
Please send me your email, I don't have PM.
Thanks,
DrBob
If our CPRK investments come to fruition, I will be certain to Just Show Up at the (to be) appointed date and time ! I'm from upstate NY and would like to see Milford and Copper King. I'm not so sure about camping though, I did my share of that with my son through the Boy Scouts! Camping in a Hotel would suit me just fine !
GLTA longs
DrBob
A very well presented discussion intel2. As you and others have posted, (some) day traders pump, and others do the opposite. It really is quite entertaining.
I have been long CPRK since approximately May of 2009. I believed in the potential of CPRK then, and still do now, even moreso, in spite of BK. Those who are long will not be influenced either way by pumpers or bashers. Their investments are just that investments, not trades. Yes, many, probably most, longs are underwater (myself included, even after averaging down), and are hanging in there.
The shining light on the hillside for us is our outstanding Equity Committee. Without the presence of knowledgable and committed folks like Chuck and Frank and others, we would be out on the street. Perhaps in spite of their efforts we may still end up there on this investment. But the Equity Committee will always have my respect for fighting this long and uphill battle.
A good outcome for Copper King will go a long way in helping restore faith "in the system".
GLTA longs
DrBob
Respectfully, does any post(s) on IHUB affect CPRK(Q)'s share price ? IMHO, what affects the share price is news, and real information (sometimes). The little fluctuations of share price of late being .0001 or .0002 amounts to $100 or $200 per million shares !
GLTA longs (of which I am one)!
DrBob
There is a calm before the storm. The Copper King Storm ! So much is going on behind the scenes that we know nothing about. I am of the opinion (and this is only my opinion) that Chuck and the EC are putting together a POR including funding that will allow the resurgence (well not resurgence, because in order to resurge, one must have previously "surged" !) of Copper King, to it's becoming realized as a major American Copper Ore source.
In fact today and Thursday Chuck and the EC attorneys are in court discussing how the EC can move forward with its great work without spilling the beans(divulging the EC's deveolping POR and potential funding).
Given the BK status and the Altus offer on the table, I would be willing to bet that Chuck will need to go into the judges' chambers and disclose to him privately that the EC does have a significant and viable POR and funding opportunities at hopefully near complete stages of development.
Hopefully the judge will say "The EC does indeed have significant plans, some of which need to be kept confidential while finishing up negotiations", and thereby limit what may be asked of Chuck on Thursday for the sake of healthy competition in reviving CPRK(Q)
I think the tweaking of the Mill processes and Tailings pond work are rather "minor" at present. Just because no ore is coming out of the Mill at the moment does not mean that nothing is happening!
Remember, past performance is not an indicator of what may or may not happen in the future.......
GLTA longs,
DrBob
Hello Satellite,
It seems to me that document 524 is the EC Legal team requesting limitations by the court on what can be asked of Chuck on 2/10 by the creditors (and the debtors)? What worries me is this : why should the creditors (and debtors) delay their settlement (with Altus's offer), when the EC is looking to stay in this process without divulging some information on what the EC is developing?
What gives me hope is that ( I am presuming) Chuck and the Committee must be communicating with the creditors (and debtors) in a significant way to allow them to be confident that what the EC is developing will be at least as worthwhile, if not moreso, than the proposed settlement, to allow a little more time.
The above comments are only my conjecture on what is going on. Chuck commented today that we are seeing only "bits and pieces" of all that is going on behind the scenes.
I choose to remain confident in CPRK(Q)'s ultimate resurrection.
Glad the Packers pulled it off tonite !
GLTA longs,
DRBob
HEllo again Chuck,
BTW, I am not looking for any comment on the above post, I was just sharing my thoughts.
DrBob.
Hello Chuck,
Having Read Document 524, what it appears (to me)to say is that the Equity Committee is asking the lenders (and debtors) to hold off on the proposed settlement (with Altus), while the Equity Committee continues developing its POR. I am sure that you must be in contact with both parties on this.
I am not trying to be a pessimist, but it does seem like an awful lot to be asking these long overdue unpaid creditors, to continue to be at bay, without supplying any details?
I understand the reason for requesting non disclosure on 2/10, for purposes of mainitaining CPKQ's competetive edge in it's funding negotiations and POR development.
You must be able to give the creditors something to hang their hats on, like a timeline as to when the Equity Committee's POR and funding proposals will be put on the table, as well as reasonable assurances that what the Equity Committee will bring to the table will be at least equal, and probably better for all, than the proposed settlement between debtors and lenders?
I would imagine that the creditors must be holding your "feet to the fire" for information sooner than later.
Again the above is just my own perceptions as to what I read in DOC 524. I again thank you Chuck, and the Committee for all your hard work on behalf of all stakeholders.
Looking at the report, it appears that Tetra Tech has been at work. I wonder what kind of improvements they are making/have made/propose to make to the mill.
It's Funny. Why would someone sell 1300 shares at .0022? They should have held out for .0023! (LOL)
Hello Chuck,
You and the ESHC are doing an awesome job for us ! Thank you.
I continue to remain encouraged and hopeful for a positive outcome for all. Have a great weekend !
DrBob
Thanks for the photos Chuck. The facility looks in pretty good repair from what can be seen ! Patiently waiting.....
Best Regards,
DrBob
Since we have heard nothing from Mr. Bryan/Watley Group, and our beloved Charles Moskowitz, I am making an uneducated assumption (read speculation) that our esteemed shareholder committee is either working with Mr. Bryan to develop a POR, or is independently developing a POR to present to the court.
IMO only. Have a good weekend all. GLTA Longs.
DrBob
Thanks for the good news Chuck, and my hat is off once again to you and our stellar Committee !!
Regards,
DrBob
Same trouble with ETrade
I thought I saw a railroad line going into Milford on Google Earth. Couldn't CK truck concentrate to the existing line and dump the loads into cars there ? Or perhaps the RR going into Milford doesn't go near the (any) smelter ? Perhaps in time IF the company can reorganize and come out of Chapt 11.
Just a thought.
Happy Holidays
DrBob
Thanks Chuck and Committee for all you are doing for Copper King and for us shareholders ! I for one am staying the course, and look forward to more updates. Happy Holidays to all.
Best Regards
DrBob
What is your source of information on your post?
It seems obvious to me that many "players" want to see, and are working hard to see CPRKQ survive.(IMHO) Thank you Candy for your efforts, and again to Chuck and the rest of the Committee !
GLTA Longs.
Respectfully
DrBob
It's amazing that a purchase of 25,000 shares can push the price from .0018 to .0020.
Next week will be interesting. Good luck to all longs, and have a great Thanksgiving ! Try not to think about this too much !
DrBob
Thanks for your input Richard. However, I hate the word "Never". I shall retain an open mind to all possibilities for CRPK(Q), both positive and negative, in my own inconsequential ignorant manner !
We will be finding out soon enough ! For sure !
DrBob
I do understand the necessary silence, and I do not interpret your response "one way or the other". Thanks for all you and the committee are doing for us shareholders.
"Hope Springs Eternal"
DrBob
Is there a possibility that the ESHC could in fact become the BOD for CPRK(Q), if an ESHC POR is accepted/approved in court? Or is this an unrealistic possibility ? Is (or has) the ESHC putting together a POR ? Or can this not be discussed (yet) ?
Think of it this way. A top notch Equity Share Holder Committee at the table at the judges approval. The fact that this has NOT been converted to CH7 yet. The fact that the IRS has backed off for the time being. This company is still alive, and definitely has a good chance of coming out of BK. Copper King is not a balloon! (IMHO)
By what authority can you say that tomorrow is "going to be a rough day with this one" ? Real investors don't invest with their emotions, which is what your little sinusoidal chart seems to focus upon. If the share price happens to go lower tomorrow, it will be looked upon as buying opportunity by some.