Just trying to make a buck or two!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If you are going to quote me, use the quote complete and in context. You said
Wow, that's PHENOMENAL! Something GOOD happens SOMEWHERE, so it MUST apply somehow to CGFIA!! SUPER!!!
Keep 'em coming .....
WOW! That is a phenomenal number! 430 gold miners! It makes you stop and think about the possibilities of the same happening to a organization such as CGFIA.
I need to look at that closer to see if there is a rough "rule of thumb" way of calculating what the average take over payment was. (or if it is calculable at all)
WOW! That is a phenomenal number! 430 gold miners! It makes you stop and think about the possibilities of the same happening to a organization such as CGFIA.
I need to look at that closer to see if there is a rough "rule of thumb" way of calculating what the average take over payment was. (or if it is calculable at all)
Thanks, Bob H Wang for that interesting information.
CGFIA!
Atta boy Burk! No need to give valuable information to them. The believers will be here, the doubters will not believe it anyway!
CGFIA!
Just think of it as dog years! What's the ratio, 7 to 1? If you are happy it's 7:1, if you are miserable, it's 1:7!
Hope your happy!
The good person part is still in dispute, I am hoping we do get to have a road trip to Silverton, or some 5 star hotel, when CGFIA gets rolling and milling.
(I want one nugget from one of the mines, for a good luck token!)
We will get there '67 it is a matter of trust. But you know that already!
Scotia, in case you are a Star Trek fan, you are now "3of9" ! Nine ppl won, you were 3rd. (I missed by 2 seconds)
I like to cover them all! I didn't think either group would mind sharing.
Couldn't have happened to a nicer guy! Does this make up for the fact that you and StarGazer introduced me to PCFG?
You got it backwards, '67. Bless you for your sacrifice, and the hell you went through.
I was lucky enough to not win that lottery!
In Memory of all who made the ultimate sacrifice and laid down their lives and sacrificed their health at the altar of Freedom. May God grant them eternal rest.
In hope that sacrifices like their's may never be necessary in the future.
May we never forget their sacrifice.
We humbly ask in your name.
And could you help us out with PCFG? We could use a little divine guidance!
In Memory of all who made the ultimate sacrifice and laid down their lives and sacrificed their health at the altar of Freedom. May God grant them eternal rest.
In hope that sacrifices like their's may never be necessary in the future.
May we never forget their sacrifice.
We humbly ask in your name.
And could you help us out with CGFIA also?
The paint ain't dry yet? Darn my new collection of pants will be delayed. Just when things start going well, production delays! I'm going to need a bigger bench!
Oh well, at least I have my PCFG stocks to rely on!
I hope you are right, we have bumped our heads on those .05's too many times lately. I'm getting a headache!
Maybe a block of C4 will do the trick? Whatever it takes, it's time to start a nice gentle run up to the quarterly report release!
Maybe praying would help?
Yeah, 567tbd, that puts us a little behind the time curve.
I guess I crossed the line in my last two posts. The admins didn't like them. Oh well, at least I have the opportunity to buy some more CGFIA if my money clears today!
Did you see the contest for a one month free membership or the extension of your present membership. Just make a post at 11:11 on 11/11/11.
I'll be struggling to wake up in time, you have the "home time field" advantage!
Fox, $600 per oz of gold seems low to me. Particularly since POG is over $1700 per oz. Are you discounting the price of gold because of processing costs? If that is the case, then the monthly cost of running the mill and mine should be less. Otherwise you are double deducting the expenses of processing the gold.
Just on observation. Please correct me if I am wrong.
TIA,
MTP
What is it about the stickies that are so elusive? I have run into the same trouble with noobies on another board I mod on. I thought of putting a sticky up saying "this is how to find stickies", but then I realized that wouldn't work either.
I personally think that there are elves at work playing tricks on the new people.
Any other theories out there?
Give credit where it is due,
C-I. HinkyDink found it, and NYBob wrote it. I was just the "mailman". Nevertheless, I think that the information contained in the article has a bit of merit when viewed from our gold investing position.
Thanks, C-I. I'm sure Hinky appreciates the pat on the back!
IMHO, any rush to buy, even by a small % of the mutual funds, will push the price of gold, and most importantly, the value of any gold related company to historic highs. That should be a great help to us "ground floor" investors.
Our day is on the way. The next few weeks, or possibly months, will be the key for CGFIA. I am excitedly anxious to see what path Mr Guyer will use to move us along.
You say dilution like it is always a bad thing. Dilution, when it is used to acquire assets, or further the company's overall situation is constructive. Particularly when the company (like CGFIA) has limited sources of raising capital.
I'm not denying that CGFIA has sold or traded stock to raise capital. As you say it is in the quarterly report. And also in the quarterly report is the uses it has gone to. Leases, bonds, financing, equipment repair and maintenance, just to name a few.
Your use of "lifestyle" infers assets are being used to maintain management's personal extravagances. No where do I see anything approaching "lavish or extravagant" items being paid for with company assets. No car rentals or leases, no condos in Malibu for the personal use by management. That is what "lifestyle" infers, in case you didn't know that.
I believe that your use of this terminology is inflammatory and grossly misleading. When you tie it to a list of definitions with no explanation of how it relates to CGFIA, that's not educational, that is, in my opinion, propaganda.
With all due respect, what makes you think any of these definitions apply to CGFIA?
You point us to a list of definitions, using terms like "lifestyle", without any specific statement or details explaining which of the list you believe apply to CGFIA. So which of these, in your opinion, relate to Colorado's current position?
It is easy to say "dilution", "R/S is eminent", and other such things, but in reality, where's the connection or which items do you think apply to CGFIA?
Please explain your implied accusations, and to what "lifestyle" do you refer? Or are you just offering information for educational purposes?
TIA!
This article was brought to my attention by HinkyDink. I thought it may be of intrest to some people here. It was posted on another board on iHub. Enjoy the possibilities!
Originally posted by "NYBob"
Can you imagine what happens if suddenly they wake up and begin
a rush to Gold -
There are over 8,000 mutual funds that have not even looked at
gold -- and yet they have a mandate to be fully invested -
What do you think they will do when the only stocks going up are
gold and silver stocks?
How High Can Gold And Silver Stocks Go? -
21st Century Gold Rush UP DATE -
What if we invest in Caledonia Mining Corporation and
CALVF become a LION -
ex. in 1975?..
take a look at the past gains in
a few Gold mining juniors:
History often repeat itself -
a snippet -
Back in the late 1970's, the lineups to buy gold were
reminiscent of people waiting to buy Stanley Cup Hockey tickets
at the then Famous Montreal Forum.
There they stood all raped up in their Parkas, ski jackets,
bulky sweaters, construction boots and as well as executives in
their Patten leather shoes, business suits and cashmere coats.
They ranged in age from their early teens to their 80's;
Waiting for hours on end, to buy Gold.
The analysts and economists cited a litany of reasons to
explain the new gold rush but nobody cared.
Gold prices were said to have become a barometer of political
and economic fears but in the end it was pure GREED that drove
the price until it finally peaked in January 1980, as it hit
$850 an ounce, on the very day Americans were finally allowed
to buy and own gold;
the day that the big surge of American buying was to drive gold
to $5,000.
'The Obvious is Obviously Wrong" that fact was already
discounted in the price.
Tell me something that everybody doesn't already know, that's
when I'll have something of value.
The only important factor was simply that prices were
skyrocketing.
Anybody who was in was making money and everyone else was
afraid of being left out in the cold.
Gold was selling for $250 when 1979 began.
Later, amazed at the sudden surge above $700, gold devotees
began to think $1,000 + some even thought $5000 or even $10,000
was possible.
The rocketing prices even startled the experts and frighten the
analysts who had forecast a precious metals boom but not one
like these newspaper reports and articles on gold and silver
which were all over the front pages in late 1979 and early
1980, but not before.
Articles such as;
"Industrial users worried about gold prices,"
"Silver soars even faster than gold",
"Canadian traders say silver's popular",
"Gold stocks look even better,"
"Ottawa won't announce timing of gold sale,"
were everywhere.
Although we are probably years away from any newspaper articles
of this sort, Rest assured that before this bull market in
precious metals is over there will be similar front page
stories around the world and Cramer will be yelling booya booya
at every gold stock that will then permeate his program.
If your worried that it's too late now, that you missed the
move;
just ask yourself how much space is being devoted to the fact
that gold just broke out to a new recovery and 18 year highs.
(Then as today most analysts and the Media completely ignore
gold, it's only us so called gold bugs that continue to believe
in this bull market), Well I'm not a Gold Bug, I'm a realist
and an economists that studies the past as well as human
nature.
Right now you would be lucky if you can even find a quote for
gold let alone any booya's for gold or gold stocks.
By going back in time to the 1970's I have focused on gold and
silver stocks just to give you an idea of what they will
perform like in the next 3-5 years, and to see what happened
back then when gold first hit $500 then $600 then $700 and
finally $850.
I started my research by going to the library to look at
newspapers from the 1970's, and WOW did I find some amazing
things!!
The Library that I went to had the Financial Post newspapers on
microfilm all the way back to 1972, the very beginning of the
last gold and silver Bull market.
There were very few if any articles when gold moved from $35
in 1972 to $200 by 1976, and hardly anybody noticed when Gold
dropped back down to $100 in late 1976.
The plethora of stories didn't even begin to get published
until late 1978 early 79 and they didn't hit the front page
until December 1979 into January of 1980 the final blow off
top.
The stock tables that I found were absolutely amazing.
In 1975 most gold and silver stocks were trading at under $2
and a lot were penny stocks under $0.50.
Even with gold up 600% from the 1971 low of $35 to the 1975 top
of $200 most gold and silver shares did little to make anyone
wake up and take notice.
Please remember that we were in a severe Bear Market throughout
most of 1973-1974 and keep that fact in mind when the general
market sells off.
I worked for Dominic & Dominic at the time and the President was
one of the worlds Biggest Gold Bulls who became famous for
going to Japan and selling them Gold.
I held a few seminars in an attempt to push Gold stocks as well
as Bullion as the best way to make money in a falling market
but getting an order was like pulling teeth.
It was not until gold retraced its first big sell-off and got
back above $200 did the gold and silver stocks started there
historic bull market that would end at un-imaginable prices.
Some examples were:
Lion Mines - 1975 price $0.07 / 1980 price $380! --
YES that's right, it's not a misprint you could of bought
10,000 shares of lion mines in 1975 for around $700 dollars -
and if you held on for the whole 5 years until January 1980 you
could have netted a total profit of around $3,799,300.
Not bad hey!!!!!
A few others were Bankeno - 1975 price $1.25 / 1980 price $430.
Wharf Resources - 1975 price $0.40 / 1980 price $560.
Steep Rock - 1975 price $.93 / 1980 price $440,
Mineral Resources - 1975 price $.60 / 1980 price $415 .
Azure Resources - 1975 price $0.05 / 1980 price $109
No question about it…that was one of the biggest financial
opportunities in history.
I don't know of any other time, not even the dot.com bubble
(how may of us could get in on the IPO's anyway) where in only
a 5 year time span you could have turned so little money into
so much wealth.
"You only need to make one good investment decision in your
whole life to be super successful".
I believe we are now at that same juncture as we were in 1976-78,
but only this time the fundamentals are even better for gold
and silver than they were back then.
The similarities between the 1970s and today are uncanny.
See if you can find a copy of James Dines prophetic classic
"The Invisible Crash" known then as the "Gold Bugs Bible".
The book is basically a documentary case study of the stock and
gold markets of the 1960's to mid 1970's.
The things that Mr. Dines wrote about back then could have
easily been written last week or talked about on MSNBC
yesterday.
Here are a few quotes A full-fledged panic away from paper
money could start at any moment".
Or how about this nice quote.
"When people see gold and silver standing alone amidst the
economic ruins, they will realize that we gloom and doomers
were actually right".
"Too much paper has been printed in the past, and will have to
be wiped out no matter what."
"People say gold is useless.
Not true.
It is demonstrating its function right now for all to see.
Gold is the ballast for the monetary printing press and gold
will relentlessly punish all offenders"
The list of timeless quotes goes on but I will leave you with
one last quote that is very relevant to today's problems in the
U.S dollar and the so called economic rebound.
"It's beginning to dawn on some people that to defend the
dollar and avert a dollar crisis, U.S interest rates will have
to go up; .
However, if interest rates go up sharply it will choke off not
only our economy but will surly burst the Real Estate Bubble as
well.
What a dilemma!"
The similarities between now and then are simply uncanny.
All of these quotes tell the real story of why gold (and
silver) were so important throughout history.
History Repeats but never in an identical fashion so that it is
not recognizable until only after the fact.
These quotes are the real fundamental cornerstone of why gold
is in a bull market today and why the current rally in the
general equity markets is only a bear market rally based on
near record low interest rates, (that can't last), several
tax cuts and the FED flooding the world with fiat dollars!
Now that the Fed is being forced to raises interest rates,
to save the dollar among other reasons; the stock markets,
bond markets, housing markets and credit markets and finally
the oil market will, shortly begin to implode once their
respective breaking point are reached.
For your own information I recommend you also read
"The Dollar Crisis" By Richard Duncan.
"Balance of Payments Deficits of an unprecedented magnitude
have resulted in credit induced economic over heating on a
global scale.
The foundations for sustainable economic growth will not be
restored until this flaw is corrected and the U.S. trade
deficit ceases to flood the world with liquidity.
The only ammunition the FED has to stop the coming decline in
the U.S. dollar is to raise interest rates.
But if they raise rates too fast they will cause a simultaneous
crash in multiple markets (stock, bond, housing, credit).
Greenspan is attempting to create a soft landing by raising
rates before he is forced to.
So along with raising rates Greenspan is also pursuing a policy
of loose money hence his Conundrum.
Greenspan has painted himself and the world into a corner that
I believe we will not be able to get out of with a lot of
pain..
Investing in gold and silver shares and the physical metal now
and holding them for the next 3-5 years could be the only major
financial decision you may ever have to make in your entire
life.
No need to trade in and out. Just buy some stocks now, add to
you positions on any short term sell-offs and wait until you
see headlines in the newspapers similar to the one that I
opened this essay with.
Or scale into any precious metals mutual fund.
Remember, when that front page story which ran in January 1980,
most gold and silver stocks were trading over $50 per share,
and lots were trading over $100 - $200 some even as high as
$500 per share when only a few years earlier you could have
bought the same stocks quietly for a $1 or $2.
As of now I don't know of even one gold or silver stock that is
anywhere close to trading at over $100 per share.
I know it's hard for most people to think that gold and silver
will surpass their old January 1980 highs, but that is what a
20+ year generational bear market will do to a whole new
generation of investors, who have grown up with falling real
assets (gold, silver and commodities) and rising paper assets
(stocks and bonds).
When the tide of human emotion swings and paper assets really
start to fall hard, the lust and fervor for real assets will be
unbelievable.
The Dot Com bubble will look like small potatoes compared to
some of the up coming gains in the first gold and silver bull
market of the 21st century.
But unlike the dot com bubble that was based on easy financing,
unrealistic dreams of profits aggressive accounting and pure
greed, the coming explosion in gold and silver stocks will be
all about supply and demand and a object FEAR to protect one's
savings from paper destruction combined with GREED to get in on
a sure thing.
There is nothing that can stand in the way of a combination of
GREED and FEAR.
TOTAL EQUITY OF ALL GOLD STOCKS
When the entire world wants a piece of the gold and silver bull
market they will discover that there is only a relatively very
limited supply of shares, and you can't create a gold mine out
of thin air like you could a Dot Com company.
The combined total of all gold stocks is less than that of the
equity of IBM.
Yet it is estimated that there is over $2 Trillion in Hedge
Funds alone.
Can you imagine what happens if suddenly they wake up and begin
a rush to Gold.
There are over 8,000 mutual funds that have not even looked at
gold -
- and yet they have a mandate to be fully invested.
What do you think they will do when the only stocks going up
are gold and silver stocks?
The gold and silver stock sector is very small compared to the
bond and stock markets --
and it won't take much buying, percentage wise, to push these
stocks into the stratosphere.
I am sure that most of you have friends that can't name even
one Gold stock;
But I'm also sure that in 3-5 years they will be touting you
about the latest hot gold new issue coming out of Vancouver,
or Alberta even though they don't know where Vancouver
or Alberta are.
That will be the first major sign that the top is near…
I firmly believe that the opportunity in gold and silver and
the companies that mine them, may be presenting a once in a
lifetime opportunity, where even a modest investment today
could change your financial destiny.
NEAR TERM OUTLOOK
"Plain and simple;
Gold Shares usually lead Gold Bullion both up and down.
Check out their respective Charts.
Gold Shares look to me like they have already bottomed and
have begun the first leg of the next stage of the ongoing
Bull Market".
This is an excerpt from my July letter where I anticipated
that gold was "still in its consolidation phase, but was
nearing completion of what in my opinion, using Elliott Wave
analysis, was a declining a,b,c,d,e, wave (4) triangle.
My best guess then was that the low (if it has not already been
made) would be in the $410 to $420 area",
"you can wait for a confirmed low in B.llion if it will make
you feel more comfortable, as long as you are prepared to pay
20% to 50% more for your favorite gold stocks, once Gold
Bullion breaks out to new recovery highs"
WELL ARE YOU ALL PREPARED TO BUY YET?.
It takes guts to stand alone against the crowd, but that's
what you have to do if you want to make real money.
Who among you can really expect to do better than to get in
within 5% - 10% of the beginning of the next major move?
However since we are still very early into the biggest GOLD
BULL MARKET to come in history and if sleeping better is more
important to you, than wait for Bullion's conformation of
its resumed bull market and then buy.
WELL WE JUST BROKE OUT TO NEW HIGHS.
Be careful not to let buying the stocks at new breakout highs
stop you.
Just treat them like Investors Business Daily and a host of
other analysts have been treating all new breakout highs
for the last ten or fifteen years.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68665149
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68791049
God Bless
I haven't seen you here, so "I KNOW NOTHING!, NOTHING!
One question, who are you and what have you done with GRIZZ?
It has been so long since I opened mine I can't remember. Your probably right.
$500 bucks would buy 1,635,116 shares of CGFIA, at the ask,(.0003) after fees. That's a nice starting core to ride the coming wave up. When CGFIA hits .10, that's $163,511.60 for your $500 investment!!!
Nice opportunity.
Just a note on Scottrade; the basic charge is $7.00 on each buy and sell, but if the share price is less than $4.00 per share, they tack on a 1/2 of 1% of the total buy. Still great service for low price. On cash accounts, if you hand deliver a check, it will be available for trading the same day. They just started a "bank" which gives you FDIC coverage for your money and instant transfer to your brokerage account.
No minimum (that I know of) for opening an account.
Good Luck, habadg!
I know how important those jobs are to western states. I presently live in one, and if that bill adversely effects jobs, there will be a few more "ghost towns" to visit on your trips to the Grand Canyon or Hover Dam.
States like mine have a smaller population base to start with, and the economy has kicked us around enough. We don't need the bureaucrats piling on while we try to recover.
But what do I know, I'm only a surface dweller, not an underground explorer!
Outstanding post, davidio! I'm happy to see someone like you, a newcomer, grasp the concept of the difficulties that CGFIA is conquering, and the benefits to the economic base the Silverton area stands to enjoy.
Keep the posts coming. News and information, wether it be good, bad or otherwise keeps the crowd thinking.
??
Thanks, DeeDog, I appreciate your analysis.
Horizontal stripes it is.(If this had been 40 years ago, you would look like an inmate at Alcatraz.) Now it is all the fashion!
Any particular color, or do we just go with the color of the day? (might I suggest multi color? The wait is longer, but the fashion impact is off the hook!
Having that same problem myself, I didn't want to embarrass you by asking, but it would have been more trouble walking into the wrong house tonight.
My biggest problem is checking the stock prices. I look and see .045, and think the stock is worth $540.
Life is fun with this handicap!
(and a great excuse for covering lots of regular screw ups!)
Gap434, are you sure you don't have that backwards?
!GFCP OG ,GNOL OG (for all fellow dyslexics out there) !kcul dooG
At last, someone who understands me and my plight!
I'm assuming you are a leatherneck? (notice I didn't say "former". I know enough about Marines that "Once a Marine, always a Marine!")
So, let's make it 11/10/11 I'm good with that!
Semper Fi! Phred6 and all you other Marines out there, Happy Birthday, and thanks for your service, no matter when you served.
I'm sort of partial to 11/11/11.
It makes it an easy date to remember as "the day I struck it rich in gold! (and is an easy date to remember for someone with dyslexia, like me!)
Too bad it's a Friday, I understand companies don't like Fridays for PR about important events.
DeeDog,
You misunderstood my attempt at a joke. I do not mind waiting for PCFG to get to it's full potential. I also like watching paint dry, like Phred6 suggested. (See post #71871 & 71874)
Combine the two and we have ourselves something productive to do with our time.
And yes, we could probably make those old jeans fashionable again. Just put them on and sit right here on my freshly painted bench.
Oh one question before you sit down. Do you want those stripes horizontal or vertical?
PCFG has been very, very good to me! I know it will do more for me in the upcoming months and years.
Those jeans come complete with my signature M_T_Pockets!
I'm working on a line of shirts next!
I just love this slow drying paint!
Go (slowly) PCFG!
Let me check, I have to stand up to check the seat of my chair.....
No, not yet, but I do have a nice striped pair of jeans now!
Let's see, if I lay down, I'll have a nice plaid pattern!
This is all alien to me! I was born and raised in New Jersey. Although that means I associated with many illegal aliens, I know nothing of the interstellar type.
I do like the "never give it back" part, Robo.
Dang, getting awful cerebral around here. I had to check to see if I had typed in the correct URL!
Let's see if we are this erudite when the results come in at over 500 ounces, or "Hell yeah!, that's what I'm talking 'bout!" is as eloquent as it gets!
Just wondering.
GFTA!
SG, maybe they needed a bigger sack to hold it all. Come to think of it, what would be an appropriate type of sack? A Crown Royal sack? If that is the official standard sack, it could be they are diligently emptying the contents to have enough sacks.
I'm already doin my part to halp!
Strictly specutala-lation, hic, hic, 'suse me!
MT I gotta.. P!
I agree, Robo. Nervous Nellies should sell. It is better for their blood pressure and overall health.
I know this was your primary concern in the basis of your "sell" advice.
After all how else could they LLAS?
\V/_ PIE! (sorry, that's the first rule of acquisition!)
hbe84,
It may be your opinion, and true, but consider the mill the "easy way" to produce income. If the assay on any of the mines shows a high enough concentration of gold and silver in the aggregate, then it becomes economically viable to truck the mined aggregate the long distances to the nearest operating mill. Now, that may seem a highly remote possibility, but that depends on:
1) the prices or gold and silver, and
2) the concentration of precious metals.
A high ratio of "price" and "proof" would equal profit "the hard way".
There is more than one way to skin a cat.
GLTY
MTP
Lt, you are too skeptical.
I don't get compensated (If I'm supposed to, they are sending the checks to the wrong address ).
There are some posters who do get compensated, I'm sure you have seen the disclaimers, particularly on the several you just noted.
I read the disclaimers from some of the paid promoters thar recently appeared on this board. They received a flat fee for the promotion. ($200 seemed to be a common figure, paid by an undisclosed 'third party')
And as long as you don't blatantly violate the "Terms of Use" (TOU) you can post all you want without fear of removal.
You may get some spirited responses or spark some heated discussions, but we try not to be vindictive or arbitrary in our removal of posts. We aren't perfect, but we try to apply the rules fairly.
I'll have my special Grog recipe; a root beer with my daily medication.
(It is a nice combination, care to join me?)