Retired and just enjoying the ride with MDW (Midway Gold)
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Just fill out the form to see the presentation and for "company" I just put retired..Tif
Get to know the CEO at his presentation and I hope this post works! If it does not then go to post #337 and you can see what kind of top professionals he and his staff are..http://www.wsw.com/webcast/dahlman18/mdw/
When the CEO Ken stated that he and his "cream of the crop" geologists and process engineers who were the previous top dogs in other mining companys were going to make Midway a world class mining company, and even though Midway did not have any gold claims at the time, still, 67 Mutual and institutional funds believed him due to the quality of management and faith in their expertise! So here we are, and fast forward years later and their faith is shortly going to be justified when that first bar of gold is being poured come next august and continuing for many years to come! Exciting times coming for sure. JMO...Tiffer
The best play on a new mining company I have ever seen! JMO.
This company will be a leading producer of gold in future years and currently still under the radar of investors. Watch what happens next August when they pour the first bar of gold. With the dollar continuing to be devalued I think we will see a huge demand for safe havens which gold provides. Everybody should ask themselves the question "Why have country's started buying gold to the tune of over one and one half trillion this year?". Financial cliff is coming for the U.S. dollar which no longer will be considered the world currency and gold is the place to be in my opinion. GLTA
IMPRESSIVE RUN-OF-MINE TEST RESULTS AT
MIDWAY’S PAN PROJECT, NEVADA
September 17, 2013
Denver, Colorado – Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX, MDW:NYSE-MKT) reports positive preliminary results from metallurgical test work on run-of mine (ROM) bulk samples at Pan. Observed gold recoveries of 92% after 58 days indicate gold recovery of the South Pan ore is not sensitive to crush size. These metallurgical results suggest the South Pan ore can be processed with ROM leaching and that a crusher installation and spend at Pan can be deferred for at least 18 to 24 months.
Ken Brunk, President and CEO of Midway states, “We are very excited by these new ROM test results. We saw indications in the 2010 pre-feasibility and 2011 feasibility column testing of South Pan ores that gold recovery seemed insensitive to crush size. However, due to permitting constraints we were unable to begin comprehensive ROM test work. Therefore, we elected to include crushers in the initial project, as we will need them for the North Pit ore regardless of South Pit design factors.
Since the November 2011 feasibility, we have continued to permit and test bulk samples of larger and larger particle size with favorable results. Our permitting team obtained permission from the BLM to conduct a trial blast in July at South Pan from which we could obtain true ROM ore for testing. Representative samples of the blasted ore were sent to Kappes-Cassidy & Associates (KCA) laboratories in Reno for leaching in large columns to simulate a ROM leaching operation. The duplicate 4 feet diameter columns are stacked with approximately 20,000 pounds of ROM ore each to a height of 15 feet and have already resulted in a gold recovery of 92% at 58 days. These excellent leaching results and leach kinetics are due to the fact that the rock is porous and permeable. In other words, the rock readily allows the leach solution to flow through the ore and to easily dissolve the gold.
The results of the large column tests lead the project team and management to conclude that ROM leaching is a viable option for South Pan. The excellent extraction of gold from the large-scale bulk sample also supports retaining the 85% recovery that is now confirmed by all the detailed test work to date. The size analysis of the large column test feed material is consistent with, and perhaps a bit coarser, than that from my experience with other ROM leaches on Carlin style formations. Midway will work with these large column results and use them to further refine our Pan project. Continued optimization of the mine plan will occur to ultimately dictate when the crushers will be needed.”
Gold claims are in Nevada and pretty close to Reno off highway 50.
I really like the foresight of the "gray haired" management team to have the younger geologist and process engineers in place for the future decades of making this company a world class gold mining company.
Devaluation of the dollar in future years will make this stock soar in U.S. devalued dollars IMO..
69 institutional and mutual funds already in!
August 2014 is the target for first bar of gold being poured!
"On July 19, 2011, we entered into a 6% Convertible Promissory Note with Mr. Loftus for a principal amount of $157,422 and warrants to purchase our common stock. Effective September 1, 2011, we signed and Amendment to the Agreement dated September 15, 2009 to provide licensor a non-exclusive right to target, market and exploit the Employee Benefits market." END; Due to no revenues which I fully expected to see a glimmer of, especially after the Oct. Nov. and Dec. signups and the insinuation that the "burn rate" would be eliminated I give no further credence to the meaningful revenues I expected to occur in the August 15th report. I realize now that the 20 million signups may well be like a Chartis scenario and dependent on how many users actually sign up! If revenues were actually flowing in then that would be a great PR for MMRF to announce! This has not happened and I thought it was happening May 6th on that great PPS rise. I now attribute that rise to just speculation based on word of mouth and no thought to the balance sheet. I look at the PHR revenues and see a hugh drop in recurring revenues from quarters mentioned. These PHR revenues should be constant and dependable if the 1% attrition rate is real! No matter how you cut it and dice it something is very wrong with retail sales and I suspect that potential users of any PHR have found cheaper ways for medical history such as memory stick or whatever. Sure wished I had sold on the hugh rise but I now have 42 confirmations of sells and slowly selling all my shares and I am doing very well on profit as I bought many shares below 2 cents. I should be done thru next week and for those who wish me good riddance for my posts then remember in the future that I was honest in my quest for asset confirmation. Good luck to you bar1080. This is my last post.
I did not back away from the enemy in Vietnam and I am sure not going to be intimidated by this CEO who needs to be put on "down time" for his actions against many others besides me..JMO..Tif
Spoken like a true investor!
Yes it is funny and going to get much funnier in the future as we move along here.
Every investor should read this. I was the recipient of a cease and desist request from a Bob Lorsch attorney today! This is for asking the question on where did the revenues for the sale of MMRF property go to! I even had the audacity to ask the CFO about where the money went! Was told it was in the misc. income of 2nd quarter of 2012 by an I-Hub member. Guess its there but sure was not mentioned/itiemized after all the hoopla about that stupid ring. Ridiculous in the extreme..JMO of course..Tiffer (Mole) Investors should read the sticky above about us moles
Yes, as I mentioned earlier in another post I fully expect to see if that revenue for the MMR-PRO sales is there. If it is not then something is very wrong. I kind of expected a "bump PR" from Bob Lorsch as the machines left the station and he would inform investors on the progress of that particular contract. JMO..Tif
I would think that signed infringement settlements might entail something called revenue and I fully expect to see something tomorrow. If I do not see them then I feel I and others have mistakenly believed that these "agreements" translated into that funny thing called REVENUE. If I see no indication of revenue from that quarter based on the info coming from MMRF in past months on these multiple signed agreements then I can surmise that these touted agreements are worthless and not worth the paper they were signed on. JMO of course..Tif
Me too!
What bothers me about Bob Lorsch and his announcements is that absolutely no input on revenue like; (1) Celgene and the FDA steps needed to qualify MMRF for the 10 million plus payout! (2) Update on the contract on sales of MMR-PRO which generates revenue and is this contract null and void or is the sale of these units being shipped out per the original contract? (3) Input on the PHR's that were being installed in the middle of 2012 in Henan province in China, Why no revenues reported ? (4) All the forward announcements in the world mean nothing unless revenue shows up in the quarterlys and I surly hope we all see something tomorrow that will give us an indication of future revenues. If Bob Lorsch and his announcements forecasting future revenues had all come true in past years then this stock would surly be in the dollars today. At least he should give investors realistic input on where exactly revenue is coming from and from who and the status of existing revenue streams. Perhaps tomorrows financial report will show what I would like to see.....JMO...Tif
Nope!..I have repeatedly said Aug. 15th..
This all may sound like a crap shoot to many investors selling now but boy are they going to be surprised later on...JMO..Tif
Yes, Aug. 15th was what I was told to look for as an indication of revenues from EMF and really ramping up in later quarters. Any patent settlement of course may even eclipse EMF's revenues and together these revenues could easily put us way beyond the past high of 36 cents. I am hoping for close to a dollar by years end. It may be a forlorn hope on my part to look for anything positive on next weeks financials but I am as always, hopeful, JMO of course..Tif
As I have posted in the past, our company will not do well on sustaining a good PPS until we get revenues in MMRF's treasury. No amount of news will mean anything unless it directly states a signed agreement with an entity that can sell our products with an existing sales force in place. The Whole Foods Wellness program could be pure gold for MMRF. We need a whole bunch of such agreements. Of course my favorite money maker is the embedded PHR which will stun folks in the future in the coming positive quarterly financials. JMO--Tif
Hard to believe we ramped up to a brief high of .125, hovered in the .11's and now of course settling down. What is amazing to me is that this "spark" was due to no revenues but "expectant" revenues in the future. It just goes to show how many more people are looking at the future and I feel that those buying have very firm hands and will hold for what we all are waiting on!..Revenues..Hope we see some progress on next Wednesdays report...JMO..Tif
right on, and those who have done their due diligence know its coming!
I averaged down when I bought my shares in the high 20's all the way down with multiple small buys to .0154. I suspect other new investors who recently bought in the 10's will also average down. So being on the "buy" perhaps we will have a good solid base for August 15th report which in my opinion will be "lift off" for the PPS. Of course the 1st quarter report next week will have a hugh bearing on exactly where MMRF is going such as revenue tied to all those agreements signed last year. If we see just a trickle then that will be good as awareness will surly spread and we will be on our way. Those agreements are tied to the hard to sell PHR and I think as potential buyers become more aware of taking care of family records and their own health then I think those agreements will be pure gold when the PHR's start selling! All good things will come in time...JMO..Tif
I have in the past talked to BL about him wasting time on his pursuit of dissenters on stock boards and he just does not give up this frivolous pursuit! BL is a marketing person and depends on his marketing skills to promote the sale of products and the revenue it brings! His marketing skills is in his DNA and I or others telling him to stop chasing phantoms has fallen on deft ears and he of course continues to let these dissenters concern him. I still press him to not waste one iota of his time on these dissenters and concentrate on more contracts which will eventually help all of us investors. All dissenters will be eliminated with EXTREME PREJUDICE with the simple weapon of REVENUES! This company is going to do very well and those dissenters nipping at its heels will be lost in the dust as we leave them far behind and forgotten about. JMO Tif
With my 20-20 vision(hindsight) I wish I had sold yesterday and bought back today...Ha, Ha,...you snooze you lose I guess...Just do not want to be left watching the train disappearing in the distance...Tif
Yes, I agree and sure fascinating on what Bob is going to Australia for (I guess). If he goes then it has got to be a positive thing...JMO..Tif
The PPS has wildly fluctuated and will probably continue to do so but eventually the revenue will hit and the PPS will stabilize at hopefully a far higher price. JMO.Tif
Watch and learn grasshopper thru this year and next..JMO..Tif
That's exactly what all investors do eventually and expecially the day traders more often. The "shorts" are really hurting now I think! I will just wait for the real pot of gold this year and the bigger one next year. Sounds like you sold on this spike!...JMO..Tif
Patience will surly pay off for all of us!
I do not believe their can be too many irons in the fire but I sure wish they would start generating some kind of foreseeable revenue!...None as yet but patience will pay off I believe. JMO..Tif
What a shame to see such a wonderful base building up and then vanish due to just another "agreement" which means nothing as far as revenues that we need NOW!. I have no doubt that in the future the agreements that MMRF is putting together will pay off but we need real revenues now and I have not seen any progress based on the last revenue report! In fact the revenue went down year to year even with the "agreements" that occurred last year. I hope this will soon change for the year 2013. We will just need to wait and see what the future quarterlys do...JMO..Tif
Presenting facts about revenue would be more palatable then your statements that say nothing but BUY. Readers just ask WHY???. Try giving reasons why they should buy...JMO....Tif
I exchanged e-mails Saturday with a CEO and asked him about something I felt he might do something about! His reply was "If you knew what I was working on you would not want me to do anything else but continue on what I am working on"!! Wonder who that CEO was? answer; Bob Lorsch.
Folks trying to reach Bob via landline are being told he is too busy every day for the past week! I got a response from an E-Mail and thankful for that in response to my query about Japan. His "businesses" tells me that he is on something very important for the company and I think eventually we will learn of perhaps a new patent settlement?....Just guessing but I am sure it will be good news for us all...JMO...Tif
MMRF will put out info on the new BASS patent evaluation for Japan tomorrow!..per the CEO..