Just trying to make a buck or two!
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150 million @2 is equal to 100 million @3. So, it should be getting to the end real soon. If we could get these conversions out of the way, it would go a long way to help the standing of the company value.
Thanks for the info.
567, Since you have kept a eagle eye on the figures better than anyone I know, can you speculate on the debt conversion left? (A couple weeks ago it seemed like there was between 150 to 180 million shares left to be converted.) If these last two days totals have been sourced from debt conversion, then would not the MM's be running out of convertibles soon?
I know that the totals for these two days are probably not ALL conversion, but with these numbers it would seem a majority of these total shares are being sourced from notes coming due. (as I interpret the loans outlined in the 10Q)
Tell me if I'm off base.
(It has been a long day for me and I could be misinterpreting things.)
My tired brain thanks you!
As long as the bees cooperate and make the honey, we'll make the mead!
Count on it!
Jcrou73,
Don't forget that PCFG will be getting payments from the Blackfire sale. That will inject cash into the picture. Financing may not be required.
We will have to wait and see the production rate to tell for sure.
'67,
An extra Grog and a little Meditation can help! It sometimes works for me. (and it's cheaper than the cost of the blood pressure medication.)
We don't want to shock the world, just our bankers when we go to cash the checks!
There is a lot of good info being shared. Some of this stuff just makes your head spin with possibility!
If 20% of it comes true we will all be fat and happy! But I'll take what providence is willing to send me.
Good Luck everyone!
CGFIA
No problem. Check your PM. I sent you a little more info there. Nothing secret, just too long for posting here.
Good luck!
FYI, FWIW:
From 567tbd's post #32919
Quote:
"I expect the conversion before the big news comes out. We will get that monkey off our backs, then we will all feel good. If I figured correctly, this will be a small conversion approx 75M to 150M."
As I have seen in the past, 567 has been pretty accurate on his info.
We will see what happens soon.
mpunkill,
567 has predicted almost every so called "dump" over the last several months.
These are not "company dumps", but are debt conversions. If you look at 567's past informative posts, you will see that just a few days ago 567tbd posted that there was just a few more blocks of debt that is left and coming eligible for conversion.
Call them what you will, but don't blame management for the financier's or lender's actions.
CGFIA survived the last massive debt conversion and held the PPS. Buy into the reduced price and get the bargains now, if you can. There is not much debt left to convert.
When the conversions are done, "cheap" shares will be a distant memory.
That is my humble opinion, and my belief, backed up by a little research from the quarterly reports.
Good Luck.
Thanks, 567. The credit goes to Bob. I'm just a babysitter here. He is the brains of the operation.
Just get an American Express Black Card, they will be lining up to kiss your assets!
All we need is .50+ per share on CGFIA, and I think we could qualify for the card.
"Sir RKY" has a nice sound to it. So does "Sir Baba Rum Grog".
I think I'll stick to MTPockets until they are not MT any more! It is my "good luck moniker", but I have been thinking about what I could switch to once I'm no longer "poor".
I don't want to be obnoxious with something like "Fats Wallet" or "Goldie Nuggets". But I'll keep your suggestion in mind.
Hopefully CGFIA will grow enough that "Sir" will be all anyone ever addresses any of us by!
"Would you like another Grog, Sir?"
"Right away, Sir!"
"Sorry, First Class is all we have available, Sir."
"Is that Lobster to your liking, Sir?"
You know, not "how's the food dude?"
Or "not my problem, man"
I'm not sure contemplating your navel lint will solve much, RKY! Believe me, I have tried.
I'm pretty certain, (but I still am assuming,) that the aggregate from each mill is kept separate. I would also assume that just like any other contract type processing, small amounts would need to carry a premium charge. You would have to clean out the mill to get that customer's precious metal out before moving on to the next batch. That clean out takes time and labor.
From what I see, contracts are usually for so many thousand tons or cubic yards of material, with minimums required. That way the mill can plan their work schedule accordingly.
I would also think that the aggregate would be delivered on a "just in time" schedule for the planned processing days. That way there would be less of a chance for mixing product from different sources.
Storage can become a problem if you try and hold too much material, but you do want to have enough to make a "run" without any down time.
This is basic "production" or "plant management" philosophy. It usually applies to most processing type operations. The only other factor I see is the frequency of required clean outs per production period.
Richer material would require more clean outs to eliminate loss of ore. (The capture ripples can get filled and the metals can be washed past the capture devices. So, there is a optimum point a clean out is required.)
That should also be predictable by the assay of the material to be processed. (The richer the aggregate, the more often you need to collect the separated metals. That is a good thing!)
I wish I could find a formula for this. So far I haven't found anything specific. I suspect it varies from mill to mill. With the formula, I would be able to better predict the most efficient minimum lot size the POW mill could accept. However, the actual figures probably are still a bit nebulous, since the mill has not run in the last few years.
The last production manager probably has these figures in his head and could tell you down to the quarter hour how long it should take to process any size lot.
You know how these things are, RKY, you get a good feel for these things with experience. There is "plans" and there is "reality". I good project / plant manager has "reality" down to an artful science.
My pleasure, Sergei. It was a learning experience for me too.
The mill has the ability to be a "money maker". It will be a good source of income for CGFIA until the mines they own get into full production. Then it will be a "mega money maker", since all the metals milled from those mines are profit, with the exception of the percentage paid for the lease rights.
Keep looking for that cease and desist order removal. It is a big step toward positive cash flow!
Sergei, Toll milling is paid based on a formula calculated on the assay value of the ore bearing aggregate to be processed.
If the estimated gold content per ton is low, then a higher rate is charged. That is because it takes more tons of raw aggregate to get an ounce of gold or other precious metals. This equates to more costs for the mill, due to wear on the mill, labor and equipment costs, etc, which need to be covered by the "toll" charged.
If the ore has a high estimated gold (or precious metal) content, then less aggregate is milled per ounce of recovered material, and a smaller percentage is negotiated.
Until CGFIA executes a contract with a mining company, we won't really know what the toll rate is. It will vary in each contract. You can be sure that CGFIA will be in a position to charge a profitable rate to mill metals for other miners. When you are the only mill in the area, you can almost name your price. Profitability is assured.
I wish I could be more specific, but that's the way it is done.
I'm sure the guys in Silverton at CGFIA are wishing for the same movement. But CGFIA want to start working, not get to a warmer place, at least not yet.
They have more invested in this then any of us do, and have been working hard to get results. They are so close to success, I'm sure they are getting antsy!
Let's hope for a good year for everyone, and for your warm place away from the Lake winds and lake effect snows. (I have been there, I know how cold it can get.)
Good fortune to us all!
I started buying at .0013, but only a couple hundred thousand shares. I have buys at .0012, .0011, a lot at .0008 and even more at .0004 & .0003. I really need to run an average, but would be real close to "happy land" in the double zero range.
I am hoping Santa takes away this year. It is better to give than receive, and I'm ready to give up 2 zeros!
(I'm feeling generous.)
Then I'll do the "grog dance".
I do that every day lately, and I have the bruises to show for it. But I haven't been hitting the grog. I'm just balancing on my crutches!
So, what will come first, my regaining my driving privileges,(around mid February), or restart of the mill?
I'm thinking the mill will have me beat.
He needs to do the "Grog Dance"! That, plus a Bruins win Saturday and we are assured a CGFIA up-tic or 5 by Monday!
Isn't that so, 567?
Thanks for the reply. I just may be in the nosebleed seats with you. We need a little excitement in our lives.
If CGFIA does well, we will be court side!
Hey, SG! You are not alone! I know of a few guys who feel the same way. I played the "other" miner to have a few extra bucks to put into CGFIA. Looks like I may have to reverse my thinking.
I still believe that they are both winners, our timing is just a little off.
You gotta believe, or you'll end up banging your head against a wall and getting a migraine!
I would like to avoid the pain!
Bob, you find some of the most interesting items.
Thanks for the info. You have added some fuel to my dreams.
Dreamer, always! I'll be done with the wheelchair real soon! Then I want to make up for lost time. All I need is some cooperation from CGFIA to help supply the funding.
And boy, do I have some dreams to make come true! (I could be arrested just for thinking them up.)
Like that country song says: "I'm old enough to know better, but still too young to care!"
Great Sergey, when you are sober, you can give me a few lessons! That would be a blast!
Come on CGFIA, you are holding up a lot of people's plans for the new year! .10 or .15 is that too much to ask for? But if you are really going to grant wishes, .50 would make a lot of us crazy rich!
We ARE equal opportunity employers here in NV!
I saw a local FirePerson here in Henderson not so long ago. She had the MOST buffed body I have ever seen on a public servant, ever. I wouldn't mind being saved by her. Muscles in all the right places and curves to match!
It was good to see my tax dollars at work!
I like the sound of that. "Official CGFIA Shareholder PILOT"!
I started to learn to fly a helicopter, but that was a couple of decades ago. I got sidelined when I broke my knee.
I AM willing to learn again!
You are right. But the out of city speed limit is 75 on the interstates. The monotony gets to you don't realize your speed. It is easy to see cars doing 90 or 100 mph on the outer areas.
They really like to get the California plates the most. But that is my opinion, based on observation.
I'm a "local", so I'm less of a target.
I'm half Polish and half Irish, but I can't drink like I used to. I'm way out of practice. I'll be the designated driver!
Just get about $100 worth of snacks and plenty of Gatorade and Red Bull. You'll make it in no time. Just watch out for the state troopers. Nice guys, but they will write you a ticket faster than a slot machine will take your money!
Seriously, it can be a monotonous drive. The northern part is a little more scenic, but the southern end of the state is a desert, and is mostly flat and filled with sagebrush.
You ARE going to have a great holiday celebration Sergey! I hope you are planning on a lot of company to help with that much Grog! If not, I think you will need a few cases ad aspirin and a wake up call for April!
I'll add the total to your cargo!
Google says it is a 8 hour drive from Vegas. About 470 miles. You have to figure it is a 2 day trip. One day to get there, and leaving time to look around, another day back.
Plan on a LOT of open country between Vegas and Crescent Valley. Nice country, but not much in between the few towns along the way. You may consider catching a flight to Reno and driving from there.
Price My Stock? It is a little game the MM's play.
Wish I could! All I can offer is my opinion and a mug of Grog!
Yeah, it must be medication time!
If you paid for it, why not take advantage of it?
At least it isn't PMS!
I stand corrected! WHEN, not IF! It is just my frame of mind right now.
I was thinking that this tree incident reminded me of trading some stocks I have lately. You can watch your investment grow for 5+ years, and then overnight, one little storm and it goes sideways! (literally) Then you have to pay someone to clean up what is left.
Things can look great or really bad above ground, but it's the underground system that makes some stocks a better investment then others. CGFIA has the assets underground. It may lose a few "leaves and branches", but it will survive the windstorm!
The assay will prove how strong the "roots" are.
(And, no I haven't been taking too many of my Meds today. But now seems like a good time.)
I'm going to hold on to those. (I think there has been enough shares traded for services.) I can afford the risk. Mr Robles, my landscaper, can't. He probably wouldn't take them anyway.
Besides, if CGFIA does well, I'll be able to hire him and his sons full time to keep the grounds of my mansion!
Geez! And we get investigated for the slightest mistake on out tax return!
I know it is a different sector of government, but it makes you wonder how CGFIA got as far as they have with government agencies like this working for us!
I get a headache reading stuff like this.
Bring a nice pine tree with you, roots and all! It would look good planted on my front lawn!
I'll have the Maker's Mark and ice ready! (Sorry, no Turkey left!)
I am SOOO ready for some good news! Come on CGFIA!
Well, the removal and replacement will cost me about 2 million shares of CGFIA. Not bad, it could have been worse. The guys are working on the tree already.
I need to find my checkbook, the one with the rubber checks in it!