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Not confused at all. Here's a cut and past of your post during the five shareholders discussion. Your accusation and your words:
RoboTrader
Wednesday, November 23, 2011 5:16:33 PM
Re: Phred6 post# 74668
Post # of 74997
You're missing the point, Phred. He's talking about the float, not about the O/S increasing. Chances are, PCFG management is diluting into the float to gain capital. We've seen proof that they are awarding themselves shares then selling those shares into the float. Once they run out of the +750M share O/S, where do you think they're going to get more capital?
You are twisting your own words. You used six months as the shortest time frame. You used "if at all for your long term". Here's the comparison. How nice of your to put in "8 tubes" on your revisionist history.
"I said "probably take 6 months or more" to get the 8 tubes online.
You actually said "On top of that, the additional tubes won't be put into production probably for at least six months if at all."
He's been showing his face for almost a decade. He's shown it when they couldn't get enough water. He's shown it when they were years behind in 10Q's. He's shown up when they had lawsuits and the price was .0012 per share. He's shown up when PCFG was hemorrhaging from PIPE financing.
Everyone on this board knows they're lousy at communication but they also know they are persistent. Give it a rest already.
IMO it is yet to be determined as the whether PCFG is a pipe dream or the real thing. They're primed for production and need to prove what they have and what they can do.
They haven't spent our money on personal enrichment. They've issued interest free loans to the company. They have diluted with a purpose. They've purchased and put on site crushers, loaders, trucks, pumps, wells, geo-tubes, concentrators, centrifuges, a building and employees. They've hired a serviceable accountant and a third party environmental specialist. Anyone who pre-judges them as a failure is going off before the results are complete. That to me should be debated.
You got one statement right: "PCFG clearly failed in it's communications with shareholders" We wouldn't be having this discussion if they'd PR'd the production halt immediately. We would still be disappointed, the share price would still take a hit but you can't fail at what you aren't allowed to do.
Your statement: "PCFG clearly failed in their projections and objectives"
They didn't get the chance to process ores We still don't know what they can recover because PRODUCTION WAS HALTED BY THE NDEC!
Where did I state anything that would have you allude to me having pipe dreams? Stay on subject!
So, by your definition, having production halted by a regulatory agency who capriciously wanted to make a liner change is a "fails miserably".
Your analysis is the failure, IMO. But I guess when your agenda is to distort reality it's what you post.
We still don't know what they can do production wise. This could all change in a single month. All it takes is full production and a single PR and they would be considered successful.
I, like most everyone here was extremely disappointed in the 10Q from last week. My first thought was to lash out at PCFG Management to release some frustration and anger. Finally decided to calm down for several days before typing and sending an email. Something which would end up trying to give constructive criticism instead of just venting. Like other examples from the past several days, here is my attempt to get the attention of Management:
Mitch, Please read this email.
The 10Q you released last week was a huge disappointment but not nearly as disappointing as your failure to communicate with shareholders.
In your August 15th “Production Results and BRCM Update” you provided guidance and optimism for a gradual ramp-up to full scale gold production. It was a continuation of a flurry of PR's where you provided insight into the progression of Nevada Rae into a gold producing entity. It was truly exciting for many watching the progress at NRG. Shareholders finally had a time-frame upon which we would realize our success as gold producers. When the 10Q was released and revealed that virtually no processing had occurred at the site, it was simple a reminder. A reminder of your greatest flaw as company Managers. You won't provide shareholders proper communication.
Through your lack of communication, we lost share price, valuable shareholders and most importantly, trust in you as Managers. The share price can recover. Because of your lack of communication, many shareholders will never return. You can remedy the communication issue, but will you?
We all appreciate positive news like the geo-tube tests, the concentrator purchase and your “Update” and embrace it. Shouldn't you also provide us with material information that will also negatively impact company performance? Isn't trust one of the greatest assets you possess is retaining shareholders? Isn't the retention of shareholders essential in growing the share price? As fellow shareholders, aren't we supposed to be your allies? Aren't our goals one and the same, a successful company? We may be a disparate group but like you, our one aim is seeing PCFG become successful. We selected PCFG in an effort to have our hard earned savings dollars earn us more income.
I respectfully submit a suggestion to you. Why not create a PCFG Blog with a link on the PCFG Webpage, on Ihub and other PCFG centric message boards? A public forum where Management and shareholders can congregate via the Internet to share information. It would be free advertising for PCFG. Other firms are utilizing Blogs. It would slightly reduce the costs for PR's. It would alleviate the amount of “same old questions” you are constantly bombarded with and mostly ignore. One question, one answer, one location. It would save you time. It would reduce the communication gap between you and shareholders. With your permission, a shareholder(s) could create and maintain the blog site and keep the dialog civil. You could visit weekly, select and answer questions. You could hold a live half hour interactive session every couple of weeks. Please consider better communication and this as an option
Regards,
Airdale1
Happy Dog Kennel
Ref: "no news.. = bad news" You have no idea what type of news is coming because you don't know enough about the company to even make an educated guess.
Contrast that with the PR's we've received from the Management of PCFG. Anyone with a little bit of effort can review the past years publicly stated goals as they are in writing. It is easy for the sincere to read where they have followed up and accomplished their goals.
They've done everything they've put in their PR's. The amount of work they've put in and the obstacles they've overcome during the last decade are impressive. They've doggedly continued working to make PCFG a success because they are finishers. They are doers and achievers and make things happen. Criticize away with disparaging remarks that attempt to diminish their work and efforts, but fail. It's simply an effort to put them in the wrong light.
Hard work will always be far more important than derogatory rhetoric.
We also have a new person in IR, Steve Simon. The stock price may be static but the company definitely is not.
Investor/Media Contacts
Steve Simon
steve@sspr.com
847.415.9347
Commercial Product Inquirers Only
Vu1 Corporation
Chris Reilly, Commercial Product Inquirers
chris.reilly@vu1.com
704-929-7872
Check the Ibox ScotiaNostra, Foxwoods history has been there for well over a week. It is good stuff indeed.
Your posts condemning PCFG management are a joke. Lets talk reality and interject some facts into the discussion.
"Facts" are what is important, far more important than your off base opinion.
Since 2006 PCFG hasn't had enough clean clear water to wash gold, so they took the advice of a shareholder and tested geo-tubes to recycle their limited water resource. Now, because they had an open mind and were looking for a solution they are mining. That is effective management.
When they couldn't process gold because of the water issue, they had no income and had years of un-filed 10Q's and 10K's. They said they would get a new accountant and get them completed and they did so within a few months. That is effective management.
They had massive debts from 2006's leased equipment. They said they would restructure and pay the debts off and then did so. They got to a point of being debt free. That is effective management.
They had lawsuits from 2006 when they didn't pay for equipment they couldn't use. They settled the lawsuits and none are currently pending.
They said they would keep looking for mining properties and they negotiated for rights on the B&B claims, more than doubling their reserves. Great management.
Fact, they said they would sell another Property, Pilot Mountain's tungsten/silver property to focus all money and effort of Nevada Rae Gold and production. They then sold the property and now have funds for working the NRG mine. Focused management.
Fact, due to the small size of placer gold in the NRG area, they said they would purchase a new concentrator and Knelson Bowl to recover a higher percentage of gold. They then requested permission from the NDEC to add the equipment. Permission was received and they purchased and put them into use. That is follow-up from good management.
Fact, they said they would apply for additional geo-tubes with the NDEC and they did. The NDEC approved the request. They stated via PR several weeks back they had purchased the tubes. Soon you will see a PR stating they have them on site and operating.
Several board members have visited the site and have seen exactly what Management has described in person. It's not as you describe "a public entity who never delivers on expectations" an incorrect opinion. This company is real and the management group makes things happen. All this has happened in the past year. You could not be more wrong, these guys get things done.
So PCFG processed around 300 C/Y per day of old intermingled ores and produced 30 ounces of gold according to the August 15th PR:
"Production at BRCM since July 13th has totaled approximately 9,600 tons or about 6,500 yards of gravels. The processed gravels comprised the entire remaining stockpile at the BRCM as of June 30th. Included in the stockpile were mostly those gravels which the Company has identified as 'mudflow' as well as a limited amount of gravels that the Company considers normal 'pay' gravels (gravels that the Company has identified as its main resource). From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3.
Then, from the same PR they stated they were consistent in being able to produce on a day to day basis as they calibrated the plant and trained their personnel:
"So far in 2011 the plant has operated 19 out of 20 possible operating days and averaged about 500 tons or 350 yards per day."
For September, they upped daily production to 1000 C/Y per day processing higher grade ores:
In August and September the Company plans to increase the plant throughput gradually on a weekly basis with daily targets of 750 yards by the end of August then up to 1,000 yards by the end of September.
Then, on Wednesday the 28th of September and after 20 days of BRCM's high grade ore production they gave us the share buyback PR. They had seen Septembers recovery numbers and made a conscious decision to buy back shares. They weren't even at full production and they decided to possibly spend between $150-$250,000.00 of very precious capital for buying back shares. They've issued a personal loan and loans from shareholders and they decide to buy back shares. The company is at one of it's most critical stages financially and it is make or break with gold recovery. The ability to survive long term hinges on gold recovery and they decided to buy back shares. If that isn't a huge, smack you up side the head hint, I don't know what is.
Yet, the nervous are dumping shares like tomorrow is Armegedden. If I were management watching the sell off the past week, I'd give the accountant everything to compile the Quarterly and tell them to wait a couple of days after the 45 day limit to release it. Then I'd buy the shares the nervous nellies are dumping. Poetic justice.
Thank you foxwoodsfan & tob999. Almost all of it is still your work and DD. Just added a few items, went with a PCFG color scheme(as close as the format would permit) and went with a more formal business style.
You're right, my error. Still, a nice order.
Survey totals:
13 think PCFG extracts .4 grams per cubic yard or more
12 think PCFG extracts .3 grams per cubic yard
4 think PCFG extracts .2 grams per cubic yard
3 think PCFG extracts .1 grams per cubic yard or less
Done. Thanks for the heads up.
It's in the Ibox.
My bad, it's fixed.
300K in revenue from this order. It has to be the largest order to date.
"Avspar Corporation(www.avspar.com), a Memphis, Tennessee based international provider of responsible, high efficiency lifestyle solutions and renewable energy technology has placed an initial order for 20,000 of Vu1’s Electron Stimulated Luminescence™ (ESL) R30 light bulbs. The Company expects to fulfill the order during the 2012 first quarter."
Please read the top two lines on the Intro!
There is a PCFG Board Survey up. How many grams of gold per cy processed will PCFG report for Q3, 2011? Here's the link:
http://investorshub.advfn.com/boards/board_survey.asp?board_id=5254
Happy Birthday miggi, nice to have your first post on PCFG.
Please don't confuse other posters with the facts, lol.
This was your crowning post: "I'm not so sure credit equals revenue. It could be like a store credit, where they can use the first several shipments to pay for future processing without ever having to write a check. So it is possible they run an entire quarter's production simply for prepaying a credit on their account for the next year's worth of processing. IF that happens, there will be no revenue. Just saying it is a possible situation, hopefully not probably."
They probably have enough credit stored up to pay processing for the entire western hemisphere. LOL, that is some funny stuff.
On the positive side, there is a really nice group here that do get it. Once that group grows a bit and we weed out a few more "players" we will get a nice move upward. I see some real positives here, aside from what the Company is doing.
-We've been out of sub-penny for over a year.
-Our chart keeps stair stepping and basing at higher lows.
-We actually have a famous "cup and handle" forming.
-We've had some significant positions move out the past three trading sessions.
-Gold is on the uptrend again.
-Huge record setting income is being reported sector wide.
PCFG, it's a good place to be, IMO.
We should go positive for Q4. PCFG Management has been reviewing, adapting and upgrading for five years. They, (we) are on the cusp of success.
Another article today regarding record profits from Gold Miners:
Massive increases in Q3 gold miner profits but no re-rating yet
As gold companies continue to announce strong results from this round of quarterly earnings, dividends continue to be a hot button topic for analysts
Author: Geoff Candy
Posted: Monday , 07 Nov 2011
GRONINGEN -
Stealing shamelessly from Charles Dickens, it is very much the best of times and the worst of times for gold miners at the moment.
With gold prices on a bad day trading around $1,600 an ounce and, more often than not over the last few months, flirting with new records, the companies that are mining the yellow metal should be licking their lips.
And the recent results from some of the world's largest gold diggers bears this out. For the third quarter of 2011, Barrick Gold reported record adjusted net earnings of US$1.39 billion ($1.39 per share) and record net earnings of US$1.37 billion ($1.37/sh). Newmont reported an adjusted net income of $1.6 billion for the first nine months of this year, up from $1.32 billion or $2.68 per share for the same period of last year.
Kinross Gold reported a 134% increase in adjusted net earnings for 3Q11 to $273.4 million or 24-cents per share, while Yamana Gold reported record adjusted earnings of $190 million during the 3Q11, a 63% increase over third-quarter net earnings for 2010.
But, while the cash is beginning to flow through these g]old miners, it needs to be remembered that the price of gold is up over 25% year-to-date, despite a drop from record highs. With gold prices at such high levels a bigger surprise would be if the companies weren't making money.
Despite the jump in earnings, however, gold equities have not performed nearly as well as the metal they haul out of the ground. And, this is where the slightly melodramatic, worst of times bit comes in.
Part of the reason for the underperformance by mining stocks, in relation to the price of bullion is the generally conservative gold prices used by analysts when modelling the stocks.
As Pierre Lassonde recently explained to Mineweb, "Most analysts are using their economist's projections for gold and for the last 10 years it's always been way under the reality. For example today the average is probably looking out five to 10 years as they're using $1,100 gold vis a vis a real gold price of $1,600 so what do you expect... they put out recommendations using $1,100 gold, so therefore the price that most of the stocks are trading at on a net asset value is around $1,100 to $1,200 gold and that is not going to change until, either the street uses todays' gold price, or even the contango."
Another reason for the disconnect was explained to Mineweb by Blackrock Gold and General Fund manager, Evy Hambro.
"Gold equity management teams have been very reluctant to share the higher gold prices with investors with regards to dividends and so on and the uncertainty that exists around that is again another reason for gold equity investors holding back their appetite for gold shares."
This is borne out by the rolling 12 month dividend yields offered by the stocks. Of the top 8 tier one gold stocks, only two, Gold Fields(1.25%) and Newmont (1.21%) have yields above 1%.
And, judging from the number of questions being asked of gold equity management teams both at the recent Denver Gold Group forum about dividends, and the number of times it has been brought up during results conference calls, investors seem to want a little more than just exposure to the gold price from their gold equities -, especially in the current low yield world where, gold ETFs are easily available.
And, the gold companies know this. As DRDGold CEO, Niel Pretorius, pointed out during an interview with Mineweb on the release of its results, "You have to give shareholders a reason to buy your share and not just buy the ETF. That reason is that you pay them for holding your stock and you want to pay them 2%, 3%, 5%."
This desire for "more" seems to have elicited a range of responses from the miners. On the one extreme, you have the board of Newmont Mining, which took the decision in April to link its dividend to the gold price - a decision that was met with strong market approval at the time.
At the other end of the spectrum is the more conservative type of approach, laid out by, the likes of Yamana's Peter Marrone, who said during the Q&A session on the release of his company's latest set of results, that while there was some merit o a gold-linked dividend, it also created significant volatility.
"The philosophy we have adopted is, rather than linking our dividend to the gold price, at the end of the day, whatever the gold price is, it is contributing to our cash flow. And, if we have a view that our cash flow has reached a stepped up point and is sustainable at those levels, then we will increase the dividend so that it represents that stepped up level of cash flow.
"I prefer that approach, our board prefers it because it is more sustainable, it is longer term, it does not have the risk of the volatility in dividends as metals prices move."
The question now, is which answer will investors prefer?
Your article: http://wallstcheatsheet.com/gold/how-long-will-gold-miners-lag-bullion-prices.html/
How Long Will Gold Miners Lag Bullion Prices
As we have previously discussed, the gold miners continue to lag behind bullion prices. In the past six months, the SPDR Gold Shares ETF has increased by nearly 10%, while the Market Vectors Gold Miners ETF has declined by 5%. The disconnect continues as traders feel uneasy about equities and elevated gold prices. When it comes to panic and confusion, cash is still king on Wall Street. However, another well-known investor is endorsing gold mining companies, a sign that gold miners may finally catch up to bullion prices.
Hedge-fund manager and Greenlight Capital chairman, David Einhorn, believes that the growing disconnect between gold miners and bullion prices will reverse course. He said, “A substantial disconnect has developed between the price of gold and the mining companies. With gold at today’s price, the mining companies have the potential to generate double-digit free cash flow returns and offer attractive risk-adjusted returns even if gold does not advance further. Since we believe gold will continue to rise, we expect gold stocks to do even better.”
Investing Insights: How Will the Yen Intervention Affect Precious Metals?
Mr. Einhorn, who is also the President of Greenlight Capital, cut his gold commodity holdings in the third quarter and moved those funds into the Market Vectors Gold Miners ETF. According to Bloomberg, in a regulatory filing on October 31, Greenlight Capital states, “Given the challenging macroeconomic environment, we intend, for the foreseeable future, to continue holding a significant position in gold and other macro hedges in the form of options on higher interest rates and foreign exchange rates, short positions in sovereign debt and sovereign credit default swaps.” We also believe that gold should be held as a hedge against the macro headwinds facing the world. On Monday, MF Global filed for bankruptcy after placing highly leveraged bets on euro zone debt. What’s troubling, is that the company had credit default swaps, but since the 50% Greek haircut was classified as voluntary, it did not count as a credit event, so the credit default swap insurance was rendered useless. Gold remains the ultimate insurance.
Several miners are not waiting for the disconnect to end in order to provide shareholders with returns. Last week, Barrick Gold announced a 25% increase in its dividend payout. IBTimes reports, “Over the last five years, Barrick has had a consistent track record of returning more capital to shareholders, increasing its dividend by more than 170% on a quarterly basis.” Strong earnings and operating cash flows have allowed miners to offer increasing dividends. Earlier this year, Newmont made a popular move with shareholders by linking its dividend to the price of gold. After the second quarter, Yamana Gold increased its dividend by 50%. Along with Mr. Einhorn, gold miners believe that gold prices will rise, and it shows by the dividend policies taking place in the industry. Furthermore, gold futures traded in New York may rise 12% to $1,950 an ounce by the end of the first quarter, according to the median of estimates collected by Bloomberg. The predictions are from eight of the top ten analysts tracked by Bloomberg over the past eight quarters. Higher or even stable gold prices provide a bullish scenario for the miners. A scenario that investors are quickly positioning themselves for, in order to take advantage of the coming correction between miners and bullion prices.
Nice Bloomberg article on Vu1 bulbs.
http://www.businessweek.com/news/2011-11-02/vu1-to-sell-mercury-free-light-bulbs-in-lowe-s-stores-ceo-says.html
Bloomberg
Vu1 to Sell Mercury-Free Light Bulbs in Lowe’s Stores, CEO Says
November 02, 2011, 10:45 AM EDT
Alex Morales
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By Alex Morales
Oct. 31 (Bloomberg) -- Vu1 Corp., a U.S. developer of mercury-free lights, will sell its energy-efficient bulbs at Lowe’s Cos. stores in its first deal with a major retailer, Chief Executive Officer Scott Blackstone said.
Lowe’s, with more than 1,700 stores across the U.S., Canada and Mexico, will initially sell the bulbs online and then in its shops next year, Blackstone said by phone from New York. While sales of the lights, which are about 70 percent more efficient than incandescent bulbs, are currently limited to “sampling,” there’s potential to generate “serious volumes,” he said.
Vu1, based in New York, is seeking to win a share of the lighting market as the U.S. introduces new efficiency standards next year that will cut the use of most traditional incandescent bulbs. The new rules may add $4 billion to U.S. light bulb sales in the three years through 2014, according to estimates from London-based researcher Bloomberg New Energy Finance.
The deal with Lowe’s, the largest U.S. home-improvement retailer after Home Depot Inc., is a “huge jump up,” Blackstone said. Vu1 is also in talks with electrical distributors to sell bulbs to businesses, and aims to announce more agreements by the end of the year, he said.
Vu1’s bulb, which can be dimmed, will sell at $14.98, according to a company statement. While that exceeds the $12-to- $13 cost of a comparable dimmable compact fluorescent bulb, it lasts longer, is mercury-free and produces every wavelength of light, the CEO said. Lowe’s will sell the bulb online from Dec. 1 and in its stores from February, according to the statement.
Efficiency Tradeoff
“Fluorescent technology is missing certain colors; that’s the tradeoff for efficiency,” Blackstone said. “The majority of people want to be environmental, just not in a way that makes their house look bad.”
While Vu1’s bulbs meet the new standards, they’re less efficient than compact fluorescent lamps, or CFLs, and light- emitting diodes, according to Tom Rowlands-Rees, an analyst at New Energy Finance. If they produce a similar quality of light to old incandescent bulbs, they may find a market, he said.
“Vu1’s bulb could be an option for those consumers that are not convinced by the light output of CFLs and LEDs but are no longer able to buy incandescent bulbs due to the standards,” Rowlands-Rees said in an e-mail.
--Editors: Amanda Jordan, Randall Hackley
Phred6 Quote: "What's interesting when you read the PR's Is just how close to the brink they really were. Equally fascinating is the improvement in the quality of the PR's over time. A lot of posters bitch about the current PR's, but I've found them to be pretty informative and generally well written."
Tell us what you are going to do and then do it. For the past year, that is exactly what they've been doing. Thanks for saying so!
VUOC goes Facebook http://www.facebook.com/VU1Lighting
and..................welcome to the new Ihub follower today!
Nice work today foxwoodsfan! Keep the masses on track.
I'm happy to see you and Phred doing estimates as I have none because PCFG's facility is so fluid. They started out re-processing ore's that had been sitting on site for years. IMO it was to calibrate the new equipment to extract the maximum without wasting new ore and to measure the increase in extraction.
They have been processing quantities well under their permitted numbers, all while installing far more geo-tubes in preparation for increased water use. Extracting gold isn't like mowing your lawn so a break in period is necessary. They should be about ready to really break loose IMO.
Looking forward to the next guidance PR.
Once again, they were recovering .2 grams per cubic yard with shaker tables and muddy water. With the shaker tables to start the process, geo-tube filtered clean water, a centrifuge and a Knelson bowl, they will recover far more placer. The recover process is at a whole different level than it was in 2006.
One other issue with regard to mining technologies. There is resistance to mining near Mt. Tenebo, the tallest western peak of the Crescent Valley. One group of Nevada residents, the Te-Moak Shoshoni tribe, consider this Mountain and area sacred. They have been waging legal war with Barrick gold with concerns about additional mining and environmental issues. Barrick is using arsenic and cyanide's to extract placer. The legal battle is back and forth and will be ongoing. The Tribe has also enlisted various environmental groups to aid them with monies and manpower to fight Barrick.
PCFG has chosen to utilize an environmentally friendly water only method of gleaning gold. All the water they use ends up back in the soil. Also, they previously used shaker tables and MUDDY WATER for gold extraction and they were retrieving about 50% of placer from ores.
With the addition of geo-tubes, the new centrifuge and Knelson bowl, it will be vastly different. Using past history as an example here is ludicrous with the technology upgrade. It has taken a few years but PCFG is continuously improving their methods.
http://www.sacredland.org/mount-tenabo/
http://liesandinjustice.blogspot.com/2009/01/mt-tenabo-nevada-arsenic-gold-leech-pit.html
http://www.imwa.info/bibliographie/09_14_181-191.pdf
http://www.escr-net.org/usr_doc/Opening_brief_of_appeal_main_body_final_corrected_3-13-09.pdf
Nice $27,0000.00 hit at the ask. Volume seems to be picking up a bit: 14:19:57 0.39 69600 OBB
Vu1 has a write-up in CNET, the article was dated October 31.
http://news.cnet.com/8301-11128_3-20127856-54/vu1-enters-$15-bulb-in-efficient-lighting-race/
Vu1 said today the first in its line of efficient light bulbs will be available at retailer Lowes, pitting one more technology against the aging incandescent bulb.
The company's first product is an R30 bulb designed to replace a 65-watt incandescent flood light, which uses about 19.5 watts of power. Vu1 (pronounced "view one") plans to introduce a classic Edison A19 shape bulb as well in Europe and the U.S.
The R30 is less efficient than a comparable compact fluorescent bulb, which uses about 13 watts, but it does not have mercury and has full light instantly. Priced at $14.95, it's less expensive than comparable LEDs. Compared to halogens, Vu1 says its bulbs are more energy efficient and will last longer--about 11,000 hours.
The color rendering index, which is a measure of light quality, is 85 CRI and the color temperature is warm at 2800 Kelvin.
The company calls the technology behind the bulb electronically stimulated luminescence (ESL), a technique that produces the same light quality as traditional incandescent lamps. Like a cathode ray tube, electrons are fired at glass coated with phosphors that are excited to give off light. The technology has been around for years but never fully pursued for lighting, according to the company.
The company has received UL certification for its A-type bulb and R-30 flood light bulb.
Experienced buyer(s). Shaking out the nervous and then buying up the Ask:
15:09:20 0.0515 20000 OTO
15:07:35 0.0514 45200 OTO
15:04:18 0.0505 100000 OTO
14:59:03 0.05 70000 OTO
14:58:57 0.05 60000 OTO
14:51:13 0.048 5000 OTO
14:43:43 0.047 160400 OTO
14:42:17 0.048 44300 OTO
14:42:14 0.048 12300 OTO
14:41:33 0.048 5700 OTO
14:38:43 0.048 44300 OTO
14:38:35 0.05 4000 OTO
14:38:09 0.049 7500 OTO
14:38:09 0.049 25500 OTO
14:29:06 0.05 10000 OTO
13:27:24 0.049 1670 OTO
13:00:07 0.0512 20000 OTO
12:35:19 0.049 5000 OTO
11:25:50 0.05 10000 OTO
11:23:28 0.05 2100 OTO
10:52:01 0.0514 50000 OTO
10:50:49 0.05 1625 OTO
10:48:43 0.0514 15000 OTO
10:48:42 0.0514 4800 OTO
10:48:40 0.051 19000 OTO
10:48:36 0.051 33000 OTO
10:48:01 0.05 11200 OTO
10:47:28 0.05 1800 OTO
10:27:37 0.049 13000 OTO
10:27:36 0.049 14500 OTO
Five days a week, 8 hours a day and 40 hour work weeks for employees in mid September. Information provided from an employee on site at Nevada Rae's processing plant.
Dear PCFG posters. PLEASE STAY ON TOPIC. Congratulations to all who hold shares as we begin a very very busy period leading into the 10Q period and the announcement of gold production.
Please keep your comments on PCFG related topics, not other tickers and not other posters.
Many new potential PCFG shareholders will be reading your comments so lets make our board an asset to those who drop in and can help our share price.
Thank you and carry on.
Since no one else will post this, I will. Here's our big box store:
PRESS RELEASE
Oct. 31, 2011, 9:00 a.m. EDT
Vu1 Corporation's Electron Stimulated Luminescence(TM) (ESL) Light Bulbs Soon to be Available to U.S. Consumers at Lowe's
The direct replacement for incandescent bulbs delivers superior light quality and innovative technology in an Earth-friendly package
NEW YORK, Oct. 31, 2011 /PRNewswire via COMTEX/ -- Vu1 Corporation VUOC +5.56% , a developer and manufacturer of mercury-free, energy-efficient general illumination lighting technology, today announced that it will bring the company's innovative R30 Electron Stimulated Luminescence(TM) (ESL) light bulbs to the U.S. consumer market. Vu1 will sell the bulbs at Lowe's 1,725 retail stores beginning in February and on Lowes.com starting December 1st.
The ESL R30 reflector bulbs are a direct replacement for the 65-watt incandescent flood bulbs commonly found in recessed lighting fixtures throughout U.S. households and businesses. Vu1's Electron Stimulated Luminescence(TM) technology provides a warm and pleasing light quality that consumers are looking for, in an affordable, energy-efficient package without the high price-point of LED bulbs or the hazards of CFL bulbs containing mercury. The bulbs will retail for approximately $14.98 at Lowe's.
The Vu1 ESL technology is positioned for widespread market adoption due to the convergence of several compelling growth drivers:
Governments across the world are mandating the move away from traditional incandescent lighting due to more energy-efficient options. Consumers are looking for a direct replacement bulb that offers a similar light quality, look and feel to incandescent bulbs, while exceeding regulatory requirements.
Energy-efficiency is becoming a strategic imperative for consumers and businesses - but these markets demand high-quality light if the product is to be widely adopted.
These bulbs are mercury-free, allowing for easy disposal and clean-up.
"Consumers are increasingly concerned that replacing their incandescent bulbs will be expensive, offer poor light quality or introduce new hazards into their homes or businesses," commented Dr. Scott Blackstone, Chief Executive Officer. "We believe that our innovative technology answers all of those concerns, delivering a product that is more aesthetically appealing, safe and efficient while being reasonably priced."
The company believes consumers will welcome the advanced performance features of its ESL technology. It is virtually indistinguishable from the traditional incandescent lamp it replaces and, unlike CFLs, is mercury-free. The company's ESL lighting technology uses accelerated electrons to stimulate phosphor to create light, making the surface of the bulb glow with an energy-efficient natural light that lasts up to 11,000 hours.
About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions - with superior light quality -- worldwide. Vu1 has developed a new energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. Learn more about Vu1 at www.Vu1.com . For the latest news, find Vu1 on Facebook and follow us on Twitter.
For investor and media inquiries, please contact Michael Polyviou at (212) 885-0453 or Michael.polyviou@hillandknowlton.com. For product and sales inquiries, please contact Chris Reilly at (704) 929-7872.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain future funding required for our operations, the future demonstration and commercial availability of our light bulb, timing for bulb production and sales, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, and the viability, pricing and acceptance of our products in the market. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2010 and our other periodic reports as filed from time to time).
http://finance.yahoo.com/news/Vu1-Corporations-Electron-prnews-3653013919.html?x=0&.v=1
SOURCE Vu1 Corporation
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Holding gains will depend on five items IMO. The amount of gold they pull out for the third quarter and guidance for the fourth quarter and beyond.
If they are meeting projections from prior PR's the value of the company is worth substantially more than current prices reflect. As several here have seen and posted, they are moving and processing ores and they are hiring new personnel. The intimations are that they are meeting projections.
If the placement of new geo-tubes installation is complete and they receive permission to process larger quantities of ore, guidance may rise considerably as should the share price.
Gold prices will obviously affect revenue and the bottom line. If they hold in the current range or rise, it would certainly give a nice positive effect to the SP.
The B&B property is the biggest unknown. If they were to complete an NI-43-101 and the reserve estimates equaled or exceeded NRG reserves, PCFG's value goes up considerably.
Some traders will sell on news no matter the results. Some simply are looking for a small quick gain and they are gone. It would take very good news to bring in new investors to mitigate their sales.
The management group for PCFG have been one of the most forthright I've ever seen in an OTC company. They provide solid guidance and then follow up and report their accomplishments. I like their quiet confident style and believe they will build PCFG into a solid profitable company.