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There are still some drill hole assays not published any reason why? I cannot seem to locate the NR that says there were still resutls pending so hope I am not mistaken.
Thank you WOOHOO. I enjoy your posts.
Hello WOOHOO,
Do you know an estimate for cash on hand for Cap Gold?
Thanks,
Tom
PS:Just checked last 10Q looks like about 6 mill not counting gold and other items.
Capital Gold Corp Stock Info
Current Shares Outstanding: 174,243,646
Fully Diluted Shares: 192,528,688
They just reported in June. That should reflect a lot of the costs. Diesel is cheaper in Mexico and they also use conveyors.
SC,
It is my understanding that Capital golds costs are some of the lowest in the industry. I have no idea why Anglo did not want to buy in but others here are much more in tune with why IMO.
Tom
Style not sure I even saw your post. We got gold to rally now we need the stocks to play along.
Hello style,
I hear you but most of my $$$ are in an IRA. NO GLD in my basket at this point.
I own what I thought were well capitalized juniors in production with resources fully permitted. Still some got 40-60% haircuts this past 6-7 months.
tom
Some of mine down 60% some down 45%. Rode it down like a fool. <NG> I would like to buy some calls on CDE but have no guts yet. Looking at the 2010 calls on either CDE or HL. Gives me 18 months to be right.
So if we see 25 buck silver which will do better the bluer HL or the riskier leveraged CDE? Lot of shares out on CDE.
My stocks got toasted. <NG> Down hard. Ouch. Yours?
Fom and investor that goes by Heinz:
this was a very bullish event, as what Anglo would have had to pay to exercise its back-in right was not commensurate with the mine's value. Anglo only didn't go forward with it because the mine is deemed too small , and Anglo's current strategy is to cull all marginal operations and concentrate on the sizable ones. it's absolutely the best thing that could have happened.
now CGLD can concentrate on expanding the business, which due to the current mine's profitability and good margins very likely won't require any share dilution. plans to expand Chanate's production capacity from its current 40K oz./p.a. to first 70, then 80 and ultimately 100K o.z/p.a. production are proceeding within budget and on schedule. the company is busy drilling a new prospect very close to the existing operations, and has begun to look around for new acquisition targets. we should continue to see good earnings for the remainder of the fiscal year (1-2 cents per share/quarter at a minimum, rising when the first phase of the capacity expansion is in place), plus there should soon be drilling news (it can't be foreseen how those will look, but the new prospect looks good as per grab samples and surveys), plus potentially an acquisition of a second producing or very close to producing mine.
furthermore, if we look at Chanate once it is at full capacity, we'd have nearly 900K oz. in proved reserves, over 2m. oz. in indicated total resources, producing 100K oz. p.a. at a cash cost of $245/oz. - which normally should be valued by the market at approx. $350 m., implying a price target of $ 1,80-$2 per share, ceteris paribus. that target would change if the gold price rises a lot further of course. this, mind you, is on Chanate alone. as an aside, the company has renegotiated its credit conditions with Standard Bank, which are now more favorable (lower interest rate, and access to additional capital if/when needed).
summary, we have a cash flow and earnings producing junior here without financing problems, a growth strategy in place the execution of which can be expected to proceed smoothly, and production costs well below the industry average. imho it remains a steal at current prices, with the only caveat being the gold price - as long as gold prices remain stable or go even higher, i would expect CGLD to produce sizable returns for shareholders. in the event of a falling gold price, the company would still be profitable due to its good margin, but the stock would probably not perform well anyway.
This every going to happen?
<Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has filed a Form 10-QSB with the Securities and Exchange Commission (SEC) for the period ended December 31, 2003. The Company also reported it plans to file each of the subsequent quarterly and annual reports shortly thereafter.
Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We are pleased to commence filing all the necessary reports to become fully reporting with the SEC. We expect to complete all of our filings through December 31, 2006 before the Thanksgiving holiday and file the subsequent 10Qs for 2007 by the end of this month. >
Looking forward to your analysis.
Thanks joe.
It is the Holiday season. Peace and Goodwill to you Joe and stockmann. Good luck and prosper.
It is the Holiday season. Peace and Goodwill to you stockmann and Joe. Good luck and prosper.
stockman and joeiniowa,
In response to your insinuations I was able to compile a word document of the posts I have made and your and joe's responses and many of the deleted posts before you deleted them. I am forwarding the content of the posts I made directly to Ben Mundie if pressured by either of you with your false accusations and insinuations.
IHUB will be notified.
Now back to business I made a word document of the posts numbered 370 to 409. I also made a word document of my initial posts and your responses #236, 241,243.
I just made a word document actually 3 of them containing at least 100 of the posts here now answer the following questions please and please quit deleling posts it does not look good for your CASE!
Now each of you respond to my yes or no questions that I posted please #'s 398, 399,400 and 401.
If you cannot or will not answer the questions I will have agood idea of what you two and your good cop and bad cop personas are up to.
Sincerely,
Tom
Now Joe I respectfully am telling you that until you answer those questions yes or no there is no further reason for me to answer questions from you or stockmann. In addition I will as I stated follow up with Ben as to his prior comments and my interpretation of them as opinion.
My last comment is also an opinion and as follows: when someone as astute as yourself and stockmann make such defensive and accusatory statements towards another poster it is my opinion that you either have something to hide or are in a losing position on the stock or are employed by DGRI.
yes or no? are either of you joeiniowa or stockmann employed or compensated in any way by DGRI?
and yes or no? are either you joeiniowas or stockmann in a losing position financially or on paper in the stock DGRI?
I am also asking that each of you stop making accusatory and false statements such as I have not talked to Ben etc. or that I said something about DGRI relating to water.
You are welcome to do so if you like though if it makes each or either of you feel better about yourselves or your investment positions.
AS it seems that both you joeiniowa and stockmann are decent people I wish you both a Merry Christmas and a Happy New year and a prosperous 2008.
Joe as per the news release from DGRI that you posted :
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25506258
Do these results that you claim look promising contain evidence of any gold what so ever? IN ounces or grams per ton?
Joe here is a statement of yours:
<Early drilling they say looks promising but no results have come out.>
Now if no results are out how can they look promising? Huh? BTW why are no results out?
Are you making a statement based upon insider information?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24894044
So to repeat myself yes or no ? does your statement portend that there is gold in those assays and if no are you trading with insider information that there is any gold what so ever mentioned in that news release yes or no?
Joe as per this news release from DGRI:
Such as their state of their financials:
ATLANTA, GA -- (MARKET WIRE) -- 11/07/07
Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has filed a Form 10-QSB with the Securities and Exchange Commission (SEC) for the period ended December 31, 2003. The Company also reported it plans to file each of the subsequent quarterly and annual reports shortly thereafter.>>>>>>
As per this news release and your statements:
posted by: Joeiniowa
In reply to: None Date:3/28/2007 9:32:56 PM
Post #of 714
DGRI $1.59 Dutch Gold Resources
Here is an interesting story stock to watch over the next 12 months. Seems to be finding its base in the $1.50 area. A friend of mine lives by their mine in Oregon and has been watching it all come together. With their recent announcements that they are now in production and plan to become fully reporting the stock may start to get some interest. It has potential to become a junior mining company pretty fast as they are now in production unlike a lot of these small mining companies. If anyone has any questions please stop by the Ihub board I created.
Dutch Gold Resources
Website
http://www.dutchgoldresources.com/Home_Page.html
Announcement of Acquisition
http://biz.yahoo.com/iw/070116/0203611.html
Announcement of Benton in Production
http://biz.yahoo.com/iw/070313/0225969.html
Announcement of Company becoming fully compliant with filings
http://biz.yahoo.com/iw/070327/0231156.html
Background: Company used a previous Shell to reverse merge to take over the Benton and Gold Bug mines in Oregon. The company has spent over $9M to build a processing mill and prepare the Benton mine for production. After the Benton mine is in full production the Gold Bug mine will be started up. With the only permitted processing mill in Oregon there are numerous acquisition targets within several miles that can be procured to add to production and reserves in the future.
Information from Company. Financials being worked on and will be released within 2 months. >>>>>>>>>
Joe other than the financials note in the news from 11/07/2007 stating financials for the period ending December 31, 2003 have any further financials been filed with the SEC? Yes or No?
Here is my first yes or no question:
Has all the paper work from DGRI for their commercial permit at Benton mine been filed with this department? Yes or NO?
http://egov.oregon.gov/DOGAMI/mlr/contactsmlr.shtml
Here is the date of sales. You can match them up with DGRI sales and my posts on 9/21/2007 and 9/22/2007.:
9/21/2007 DGRI SOLD 2500 SHARES OF DGRI AT $1.20 ($0.05) $0.00 $2,999.95
9/21/2007 DGRI SOLD 500 SHARES OF DGRI AT $1.15 ($0.01) $0.00 $574.99
9/21/2007 DGRI SOLD 2500 SHARES OF DGRI AT $1.20 ($27.05) $0.00 $2,972.95
9/21/2007 DGRI SOLD 500 SHARES OF DGRI AT $1.20 ($0.01) $0.00 $599.99
9/21/2007 DGRI SOLD 3000 SHARES OF DGRI AT $1.01 ($0.05) $0.00 $3,029.95
9/21/2007 DGRI SOLD 500 SHARES OF DGRI AT $1.05 ($0.01) $0.00 $524.99
9/21/2007 DGRI SOLD 500 SHARES OF DGRI AT $1.15 ($27.01) $0.00 $547.99
9/21/2007 DGRI SOLD 500 SHARES OF DGRI AT $1.06 ($27.01) $0.00 $502.99
9/20/2007 DGRI SOLD 500 SHARES OF DGRI AT $1.22 ($0.01) $0.00 $609.99
9/20/2007 DGRI SOLD 5000 SHARES OF DGRI AT $1.20 ($0.10) $0.00 $5,999.90
9/20/2007 DGRI SOLD 2000 SHARES OF DGRI AT $1.20 ($0.04) $0.00 $2,399.96
9/20/2007 DGRI SOLD 2500 SHARES OF DGRI AT $1.22 ($27.05) $0.00 $3,022.95 >>>>>>>>
Here is my post when I talked to Ben. Posted after the selss as I said I had talked to ben just prior to the closing bell:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23067021
Now read this Joe you do read these correct?:
Posted by: loantech
In reply to: Joeiniowa who wrote msg# 243 Date:9/22/2007 8:59:38 AM
Post #of 396
Joe when I called the reclamationist for DOGAMI he said DGRI is producing under the exploration permit still which restricts mining to 5,000 cubic yard which we all know.What he seemed to say to me, IMO, (everyone do your own DD) as this is opinion, was that in effect has been NO work done and that DOGAMI has received NO paper work towards obtaining the commercial permit. Not sure if that is true but it got me out. In addition there was a remark made about problems at the mill. I did not seek further information as it was right before the market closed and I wanted out so completed the call in order to call my broker.
Tom
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23081683
Now if YOU want to beleive I never talked to Ben that is fine with me. If you also want to beleive in the tooth fairy or Santa Claus or the Easter Bunny that is also fine.
As you and stockmann are becoming more belligerent and accusatory in your posts I am going to simplify these matters so you can answer with yes or no answers.
<I'm not sure exactly what I am wrong about all I am trying to say is that everything you reported seems to have changed since your report. I don't know why Ben would say he never spoke with you or seem upset with your postings>
What has changed? Has the paper work been submitted to the board for commercial permits?
Very interesting. <G> Take care style I hope you enjoy the posts Joe got me to work on.
I believe they lay things out quite clearly.
Such as their state of their financials:
ATLANTA, GA -- (MARKET WIRE) -- 11/07/07
Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has filed a Form 10-QSB with the Securities and Exchange Commission (SEC) for the period ended December 31, 2003. The Company also reported it plans to file each of the subsequent quarterly and annual reports shortly thereafter.>>>>>>>>>
Well bring it on interested lurkers and investors want to see it.
Sorry Joe but you are wrong I talked to Ben and he may not recall as it was several months back. Regardless of YOUR opinion Ben would no doubt have the same thing to say unlss 1. Paper work has been received by the board regarding the commercial permit issue for Benton and 2 I have no idea what he would say about the mill as he insinuated problems and I was in a hurry to get off the phone and sell this stock prior to the closing bell.
You cannot answer those questions because there are no answers at this point none. Just like the news release you posted about the drilling and the assays they do not mention one gram of gold nor one single fraction of an ounce of gold.
Now we can have the dog chasing his tail here until h*ll freezes over or Dutch can produce a commercial permit, real assays with actual gold numbers, and real production numbers for the 1st 3 quarters of 2007 and they can bring their financials up to date through the 1st have of 2007 and all prior years of operation.
PERIOD!
GOOD BYE AND GOOD LUCK!
style these guys are trying to bamboozle with bulls##. Not taking any more time tonight. If I want more fiction which I do I can and will go finish my NOVEL! <G>
Yes I talked to Ben and as I said on the date of my original post or just prior to that date by a few days:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23081683
Not only can I produce the date and time of my sale I can also produce the phone record.
So see Joe I can answer a question and give a straight answer.
Now you answer a few:
1.Where are the commercial permits and the evidence they are being worked on?
2. Where is the financial paper work that has been promised to have Dutch on the OTC by year end 2007?
3.Where are the production reports for the 3 quarters of 2007?
4.Where are actual drilling results with assays showing actual gold numbers in grams per ton, ounces per tone, by the meter or by the foot.
Now good night and sleep tight.
Tom
Joe how much gold is mentioned in that release? How many feet or meters and of what grade in grams or ounces per ton?
Here is how such a release might read:
Aurelian drills 216.6 m of 12.85 g/t Au at Condor
2007-11-29 09:59 ET - News Release
Mr. Patrick Anderson reports
AURELIAN INTERSECTS 216.6 METRES GRADING 12.85 G/T OF GOLD AT FDN WITH INFILL DRILLING; 13.5 METRES GRADING 16.86 G/T OF GOLD IN STEP-OUT DRILLING TO THE SOUTH>>>>>>>>>
Or:
US Gold drills 16.8 m of 5.52 g/t Au at Limo
2007-12-12 09:33 ET - News Release
Mr. Rob McEwen reports
US GOLD CORPORATION: EXPLORATION UPDATE
US Gold Corp. is reviewing some of its projects, including the company's upcoming exploration in Mexico and recent drill results from the Limo project in northeastern Nevada that intersected 0.161 ounce per ton gold over 50 feet (5.522 grams per tonne gold over 16.8 metres), including 0.235 ounce per ton gold over 15 feet (8.023 gpt gold over 4.6 m), and a second zone containing 0.278 ounce per ton gold over 15 feet (9.515 gpt gold over 4.6 m).
Joe here is a statement of yours:
<Early drilling they say looks promising but no results have come out.>
Now if no results are out how can they look promising? Huh? BTW why are no results out?
Are you making a statement based upon insider information?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24894044
Who is this good cop bad cop team?
In fact read you own post:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18545293
Touting themselves as a fully operational fully permitted gold mine......................
Uh what the H?
Who is and who is not being truthful here?
LOL. Read all my posts Joe.
Go back and read it.No here it is:
<I called the reclamationist for DOGAMI he said DGRI is producing under the exploration permit still which restricts mining to 5,000 cubic yard which we all know.What he seemed to say to me, IMO, (everyone do your own DD) as this is opinion, was that in effect has been NO work done and that DOGAMI has received NO paper work towards obtaining the commercial permit. Not sure if that is true but it got me out. In addition there was a remark made about problems at the mill. >>
"SEEMED TO SAY TO ME" and "AS THIS IS OPINION" but he is the one who said they had received NO paper work towards Dutch obtaining a commercial permit and he said it on or right before the date of that post. In addition he said there were also problems at the mill. He was not specific and I have no idea what they may be. Period. I said nothing about WATER! So send what you like.
In fact do not insinuate I said something about the water as I did not. I said I called the water board which is actually the reclamation board.
I also said "not sure if that is true" but it got me out.
And this " Also no work on production permits IMO." Opinion.
And this "But after I called the reclamation board and found out no production permits, no paper work filed for them, and a little something I may not of mentioned before, "potential" trouble at the milling facilities. LOL. I do not need to put my money into this piece of crap. Maybe way down the road way down there. I will look again. "But the first people I will call will be at the reclamation department as there is a rare state employee with integrity that does not beat around the bush "
So please reread. I stand behind my posts. The statement of no paper work is based upon what I heard direct from Ben at the time. In addition my comment about potential problems at the mill was from words that Ben said to that effect.
So if indeed there is a link proving paper work that has been filed towards commercial production please post it here. If there are permits to move more than 5000 tons per year at Benton and Gold bug please post it here. Now as far as the mill goes I said potential problems at the mill. POTENTIAL. As we have seen little or no production numbers from the mill ARE THERE problems?
In addition read what Joe posted and this article mentions Ben and is quoted in a local article:
< At the Benton Mine, the company still operates under an exploratory permit from the 1990s, according to Ben Mundie, reclamationist for DOGAMI.
That allows mining of only 5,000 cubic yards of material a year. Wilcox said ore from the Benton is 3.27 tons per cubic yard, so the permit allows about 16,000 tons, which would run the mill about 50 days at full capacity.
To go beyond, the company needs an operational permit, and there are only a handful of mines with a full operating permit in the state, Mundie said.
“They’re touting themselves as a fully operational, fully permitted gold mine,” Mundie said. “There’s going to be some engineering required to get that operational permit. It will have a lot tighter control than the current permit.”>>
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18545293
<Check it out for yourself this is opinion only JMO and do your own DD!>
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23067021
All the best of the season to everyone also.
tom
You call joe the contact information is there. Then you make your own judgement. All I heard was there was trouble at the mill it was not specific.It may not be true. But I bet it is and I sold my stock. Like I say I will call again myself.
But the permit issue about no paper work being filed was. No paper work delevered yet? Tons per year on the exploration permit at 5000. That is true. No financials. No drill results.Where is a recent report on how many ounces shipped this year? For now this stock is going down and no amount of hype will help it.
This is a small company. For the amount spent on hype could there not have been an audited financial statement done for the last 3 years? Payroll. Utility and equipment costs. Gold sales revenue etc.? Something fishy.....
You call the water board and ask yourself. I provided the number.
style this is key,
<<Posted by: loantech
In reply to: Joeiniowa who wrote msg# 243 Date:9/22/2007 8:59:38 AM
Post #of 348
Joe when I called the reclamationist for DOGAMI he said DGRI is producing under the exploration permit still which restricts mining to 5,000 cubic yard which we all know.What he seemed to say to me, IMO, (everyone do your own DD) as this is opinion, was that in effect has been NO work done and that DOGAMI has received NO paper work towards obtaining the commercial permit. Not sure if that is true but it got me out. In addition there was a remark made about problems at the mill. I did not seek further information as it was right before the market closed and I wanted out so completed the call in order to call my broker.
Tom >>>>
Dutch can only move 5000 tons period from Benton and then potentially 5000 from the gold bug per year. They have done nothing towards the commercial permit.
Joe keeps saying they will put the paper work into effect all at once. Maybe so. But this company never meets any time lines. Not time on the OTC. No time line on the permits. In frequent production numbers time lines etc.
One of these days for fun I am calling Mundie back. Then I will get some other names to call. Show that instead of a golden eagle this Dutch is a cross between a turkey and a dodo bird.
I also like how Dutch keeps saying they have so much more gold as they have drilled only 5%. Maybe they have drilled where the old prospectors know the only gold is. I own another REAL company with good production numbers of silver, silver-copper and silver-lead. They have an off take agreement with Teck. Listed on a major exchange. Their underground drilling is going well. They also own 10,000-20,000 acres in silver valley. But instead of saying silver is all over they have recently drilled a bunch of wildcat scout holes. I was told they got no joy. That is how a mine is to be ran not with phoney expectations. Dutch got a new drill this summer. They have their own lab. Where are these results? More smoke and mirrors. What a crock.
A NR with substance would do more for the stock and only cost a thou or so. Thanks for posting.
Call this guy:
Mundie, Ben,
Reclamationist (MLRR)
ben.a.mundie@mlrr.oregongeology.com
Albany Office 229 Broadalbin St. SW 97321 • (541) 967-2149
Memory is dim and I may call him back. But I believe the exploration permit allows the movement of 5,000 tons of ore/year.
Joe please post a direct link where is says that Dutch can move more than 5000 tons of dirt or ore per year and please post a direct link to the 43-101.In addition please post a direct link to any drill assays from the last 12 months.
Thank you.
Tom
Ol' Dutch puts out no production numbers to speak of, they do not publish their 43-101, they do not have production permits, they do not publish drill results, and they have not published current financials that mean squat. But we do have some professional promoters no doubt either in over their heads on this stock or paid by the company. LOL. I don't need to bash this piece of crap other than to warn green investors off from buying it.
I have a full load of Western Goldfields ran by a world class management team with a 43-101, with commercial production of 12,500 ounces per month commencing ASAP as in Jan 1-15 ,2008. They have 900,000 TONS of ore on the leach pad and are compliant enough with financials to trade on the AMEX and on the Toronto exchanges.
I owned this stock ol' DUTCH for a few days as I am from Oregon and still live here and got prematurely excited. LOL.But after I called the reclamation board and found out no production permits, no paper work filed for them, and a little something I may not of mentioned before, potential trouble at the milling facilities. LOL. I do not need to put my money into this piece of crap. Maybe way down the road way down there. I will look again. But the first people I will call will be at the reclamation department as there is a rare state employee with integrity that does not beat around the bush like two liars standing around a hole in the ground.
Ol' dutch may make it at some point but not on my payroll or watch.
BTW I waste my time here because I have a very successful investing record in gold stocks even though my knowledge is not what it should be by any means, but I have another skill that saves and makes me a lot of dough, a built in bullshit detection meter and I can recognize a pile from quite a distance. I enjoy posting and reading boards this has been a hobby and a business of mine for about 10 years now.
The two main posters seem like pretty good fellas but you know all salesman that succeed are quite skilled. LOL. If they are not paid promoters I advise each of them to cash out and look for golder pastures.
Mundie, Ben,
Reclamationist (MLRR)
ben.a.mundie@mlrr.oregongeology.com
Albany Office 229 Broadalbin St. SW 97321 • (541) 967-2149