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All I can say bout that post is WOW.......The PPS is going down and the O/S is going up and people are happy?
Heres what I hope for this week............The company turns off the printing presses and give the PPS a chance to recover instead of losing say another 30%. If that were to happen I'd be full of happyness and hope also.
Nice Job as it's always good to be able to look at both sides of the coin. With a pink sheet company this is key in decision making.
I think your post was very well thought out and gave many compelling reasons why we could have a winner in DGRI.
The only two things that concern me are.
- Its still a pink and one always has to be dilligent of that fact but management seems to be taking all the right steps to distance themselves from the normal run of the mill pink sheet stocks.
- Ive found that with most pink sheet stocks letters of intent or LOI'S turn out to be nothing more then a reason for a company to sell stock and nothing ever comes of it. Again DGRI management seems to be making the right moves to seperate themselves from the "pink pack"
Other than those two things NICE JOB and TWO THUMBS UP!
Your 100% correct so lets all hope that the DGRI management team has a strong upcomming week and the shareholders will see the PPS start to creep northward again!
Whats up Easy and hows your Sunday going? Another well thought out post on your end But from my perspective on things we got 20 years in the books with three different companys that have done testing here. It's now or never, lets go out and get this thing done and start returning wealth to the shareholders.
As Ive always said this is a pink sheet company and my biggest concern with any pink sheet company is exactley whats going on here right now with the company dumping millions of shares a week to quote "finiance operations" anybody that has ever owned a pink knows what happens afer a very short period of time. Can you imagine the guy that bought stock 20 years ago in whatever company that was testing at the time coupld possibly be thinking reading all these posts? My guess is I'm sure he's died of a heart attack by now.
So here we are 20 years later, lots of testing done and we got a pink sheet company dumping shares to finance operations while the shareholders are getting porked. It;s now or never my friend if everything is on the up and up here which with any pink sheet company one would always have to question. then according to their own PR'S their close and almost ready to mine. Well then lets go out and get some financing and get this party started as there is supposdily alot of gold and alot of money for everyone to make, shareholder and company directors alike. If they dont i'm afraid we will all be talking about the same thing 5 years from now with our wallets being alot lighter then they may be at the moment.
Thats Funny.........I'm just not a greedy person and would be more then happy to pay a price and make decisions that would give the directors of the company and most importantly the shareholders who have to date paid a heavy price for operations a nice return on their money and that I'm sure you can agree with and would be more then happy to accept.
Sorry Simon but really thats just my opinion. I did read your post and thought it was very thought out with a lot of facts.
On the other hand I like to break things down into the simpleist forms. You mention they could only be allowed to file for a small miners permit and with that they would only be able to mine 10 to 20 thousand ounces of gold a year and finiancing would be basically nuts.
Heres my answer to your question....GOLD is a hot commodity and even with your numberss DHRI can still pull an estimated 300 million out of the ground a year. With that said why continue to kill the PPS by dumping shares when if they can work as hard at finding financing as the three company have over the years testing to get this mine into production sooner rather then later in my world I would be more then happy to pay even a 50 percent premium to get finiancing. Hey were talking 3 billion dollars in gold and theres absolutly no reason not to spread some of that wealth around to achieve the end results. Answered in simple terms.
Heres what we have going on here
- Posters - There are a few of them that are pro DGRI and no matter what the company does they will contine to buy more and hold and seem to know everything about the company and can pull up any information at a moments notice.......I find that in my opinion to be a little on the fishy side and tend to question it.
- The company - They would appear to be close to the end point in terms of testing and finalizing plans to start mining but are killing the PPS by continuing to unload massive amonts of shares to finance operations.
- My view as a holder of ALOT of shares......over the corse of the last six months in my opinion thay have sold enough shares to finance operations for the rest of the year and also into the early part of next year. If they are as close to the end point in terms of testing it's time to go out and seek some real financing to actually start mining and building shareholder value instead of destroying it by selling shares at such a low PPS killing the PPS even more. At this point of the game it would be the most logical avenue to travel as it would be a win win situation for all involved. It shouldent be a difficult task to accomplish when your sitting on 3 billion in glod.
- Lets be real here boys and girls on both sides of the coin!
Sorry for the delay.....If they continue to dilute to finance operations it will be another 5 years before they begin actually mining and by that time everyones investment including my own will be worthless and I'm sure during that time period several reverse splits will have occoured.
Now even with a small miners permiit their allowed to mine on 10 to 20 thousand ounces of gold per year. So lets say they pull 15,000 ounces out at 1500.00 per ounce well thats 300 million dollars worth of gold. If I ran the company I would be more then happy to pay 20 to even 30 percent interest rate on inital financing to get the mines into production knowing there will be billions of dollars worth of gold comming out of the mine in the years to come.
How would this affect things one would ask.......Well if this were done I'm sure the PPS would be 30 times higher and if the company did needed to raise more funds I would have no issue with them selling shares to raise additional capital at that point.
It would be a win win for the company and investors!!
Your killing me Easy.......Lol
Good question but the name means absoulty nothing other then something a little different here on I-hub.
Ill answer both sides of that question.
A - If there legit their cleaning up the house getting ready for bigger things.
B - If their scammers their cleaning up there house as to not attract unwanted attention so they can keep the scam rolling along.
Pretty simple if you ask me but again this is a pink so one must question everything! Bernie Madoff did it for twenty years before the crash of 2009 brought him down!
Thats just your opinion which is cool but I believe that to be far from the case. I have never seen so many posters that have an answer for everything even when the stock is tanking and the O/S is growing daily......Unreal if you ask me.
No right now dilution is the issue because if they did not continue to pour share into the market and went out and got finnancing the PPS would be much higher because I'm sure there are many in the lending world that would love to get just a piece of that profits from all that gold and this being a Pinky you know what happens when companies contine to dump shares, soon its a reverse split and it starts all over again.
I'm not going to go into the history of this company and the two previous companies that have been testing this same location for twenty years because I'm sure you know all that but after all this time if you got 3 to 6 billion dollars worth of gold go out and get some dam financing insted of puring shares on the market day after day and year after year and in the end not being any closer then you were the year before. Who cares if they have to pay 50% interest if they make 2 billion in the end its a good day for everyone involved. People need to start being real around here.
yea I hope i make a ton of money on this but right now I'm regreting the day I moved this from my watch list to my buy list.
Your quite right about some of the posters here, its clear they have an agenda and its sticks out like a sore thumb!
here we go again with this garbage............um you would think after selling more then 4 million dollars worth of stock this year alone thay would have enough to fund the oerations for the next two years..........You guys are nuts and I regret the day I bought 4 million shares of this junk.
Hey it's just another day in DGRI land where the shareholders are down 10% and the company raked in another 80 grand or so. It was a slow day for them as I see they changed their pattern from hitting every bid and a large dump at the EOD to dumping early and often. the best thing is thpough we have a group of posters who are just so ok with it and come up with every reason and excuse for it and make it seem all good. Well it is all good for the company and the ones they may be compensating to spead the good word about DGRI when in reality theres nothing good here other then if one likes throwing their money out the window!
I can answer that for you no matter what type of company it may be its still a pink and it would not surprise me with the rate of dilution that they could run this all the way to trip zeros. At this point its as possible as anything elese.
I hpe they dont because I'm tired of seeing my shares loose value everyday but in pink land anything is possible.
Whe will the company turn off the dilution machine...Heres the scorecard.
- Last 2 Months - 60 Million shares dumped - For a grand total of Seven Hundred Thousand Dollars.
- Year to date - 175 Million Estimated - For a grand total of just over 2.3 Million dollars.
This is a pink so its anyones guess weather their on the up and up but its about time the dilution machine is turned off and some real finiancing is brought in to start to return value to the existing shareholder who during this time frame are downas much as 60 percent on their DGRI holdings.
Are they going to hit every bid in todays trading and then take the huge dump at the end of the day that has happened for the last montth or will things begin to turn around for the DGRI shareholder. I guess we will all find out in jut a few short hours.
you a smart guy easy and I hope things work out for everyone that currently owns shares.
The way I look at things reguardless of any PR'S, future earning, their a pink and when they could be seperating themsleves from the pack by doing things differently in terms of raising the capital needed to get to production their doing what all pink sheet companys do when in reality they have many other options at their disposial which only takes away any credibility they may have. Hell sell a million prefereds at an annual 10% percent return when production starts and watch what happens to the PPS and then who the hell cares if they sell a million shares because at that point it would not really make much of a difference.
Well I guess your not going to answer that one so I will....Heres my motive....I want to make alot of money on this stock and I dont care if people buy or sell nor do I have any issues being down 1% or 10% now if this were a big board stock there would be no questions asked but it's a pink so one has to be very dilligent with that fact. Thats my motive as I already have all the shares I'm going to buy and what other people do in terms of buying and selling is NOT a concern of mine. Right now I'm just a little ticked off that the company is choosing to dilute instead of finding other sources such as the prefereds of selling some of their holding to fund operations being this close to the finish line. It just kind of adds to the well this is what a pink sheet company does and in the end we all know what "most" pink sheet companies do.
Well whats my true motive in your humble opinion ?
LOL, I guess you missed my point of that post which was a guy telling me I should just sell and move on.........No thanks I'd rather stay hold my shares and hope this company turns out to be all they are appearing to be and we all make a ton of money in the process but right now I'm just a little concerned and I'm not going to be one of those guys painting a rosey picture with the pps going DOWN every day!
Easy I have a question for you....You seem to know alot about this company and mining in general which I can respect but heres my question.
Being a fellow sharholder are you not the least bit cncerned about the declining PPS and also the millions of extra shares being added to the count which will only make it more difficult for the pps to rebound reguardless of what the company does?
Heres my concern at the moment This being a pink Sheet company and currently pouring millions of shares onto the market leads me to one thought and thats well how long to the reverse split and then the whole process starts all over again and to bad for the guy that bought six months ago. This happen everyday in the pink sheeet world of stocks reguardless of what sector they may be in.
I hear you Easy and as I've said before i respect your opinion on things and I for one would like nothing more then to see this company succede and for the PPS to reflect that sucess.
Many posters have said well diluting is the only way they can raise money and heres the deal after all these years and the company being so close why dilute the pps and kill the share price? When you think abot it, it's been the average Joe who week after week has spent 400.00 here and 600.00 there buying stock only to watch his hard earned money shrink every day, day after day.
The have prefered's why not do a prefered offering with a 10% interest rate after a year? Or why not sell some of their holdings to get them to the finish line which would be production.
Like I said I ask the questions that need to be asked!
No easy my brand of Kool-Aid is simple and that just asking the tough questions and questioning things that may be the cause of the PPS decline. As I said its all speculation on my end and as a shareholder I have that right.
I have ZERO motives to try and get people to buy or sell a stock and my only motive is to try and make a few dollars on my investment so I tell it like I see it and that could change on the drop of a dime my friend.
Early stage? they have been doing this testing under various names for twenty years now and this year alone they have taken in an excess of 3 million in stock sales..nothing but more Kool-aid
As far as buying or selling at this point it appears they may run this down to trip zero's and then only God knows what could happen after that, But hey we got 6 billion in gold and the pps is going south.
Not gonna happen, I would rather start a class action lawsuit before I sell any shares but in the meantime I'm going to continue to tell it like it is rather then try to feed people the KOOL_AID as some posters continually try to do.
Because I happen to own quite a few shares..........but there nothing here but a company that has changed names over the course of the last twenty years and just continues to do the same thing and that just dump sharess all the while posters here try to get more people to drink the KOOL-AID
Another classic end of the day DUMP by the company. Todays scorecard.............10 million more dumped by DGRI yet certain posters want to keep getting you to drink the KOOL-AID.
The only people that ever made any money here are the people running the company. My advice will be DONT BUY its wasted money. If things were as great as they make them sound the PPS would be much higher!
Nice try Drcal, its been the company dumping shares again all day!
I recommend no one buy any shares as the company is just going to take your money and run.
After 20 years and close to a billion shares sold over that time, its time the company get financing and start returning some wealth to their shareholders.
Noting but a stock selling scam going on here. No matter what emails you posters come up with as long as the company continues to dilute and does nothing to support the pps its the only conclusion one can come uo with.
Well thats great and if he made a 100 million selling his cable company theres the 25 to 40 million the company needs to get it to production.
So say he loans the company 50 million and they repay him with 20 percent interest thats a cool 20 million he will make!
So lets get it done DGRI, theres the answer. Now how about that conference call announcing this and also retireing 300 million shares!
After all these years of drilling, testing, company name changes and hundreds of millions of shares being sold if the company is truely legit it's time to go out and get financing to get them thru to production and at the same time retire 300 million shares.
This should not be a difficult thing to accomplish considering their sitting on 3 to 6 billion dollars worth of gold at today's prices.
A ompany conference call would be a great way to announce this!
I dont know man, like I said if their sitting on 3-6 billion dollars worth of gold you would think that 50-100 million would be very easy to come by unless its just been a very well thought out hoax.
Say What? that made no sense......lol I'm begining to think a few of the posters here have the computers set up to post in the companys back room.
I hear you easy as this is all speculation on my end after seeing whats been going on with the PPS knowing most of it has been caused by the company continually dumping shares on the market. It;s as if one is fighing a battle they cant win and only the very few are profiting from the uninformed investor.
I for one would like nothing more then to see the company and the pps do very well BUT things are looking a little sketchy here at the moment.
Good post Easy, but heres the deal. They have been doing the same testing since the mid 1990's all the while believing their sitting on 3-6 billion dollars worth of gold by today prices.
So it's now or never, either this has been just a very well orcastrated scam benifitting only a very few or their on the up and up and if this is truely the real deal they need to reach out for finiancing that wont be harfull to the PPS but rather cause the PPS to rise because the dilution that has not stopped for years will have ended.
Here's what I say........... If a company has been testing the same location since the mid to late 1990's and here it is 2011 and there doing the same thing over again but yet they think their sitting on 6 billion dollars of gold you would think any smart money manager would be knocking down their doors to finance them for just a small cut of all that gold and there would be ZERO need to continue to dump shares on the market.
So I look at it this way either their legit or just like most pink sheet company their just a scam for a few to line their pocket with millions of dollars at the peoples expense. I guess we will find out soon enough.