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Only 3.5 million?what are they complaining about?....he flogged that piece of useless moose pasture he picked up for a palty 1miilion in Spain to the shareholders for 30 million(and some of the naive people said he was doing us a huge favour by selling it to us so cheap....yeah,right....)
Although the gold bugs refuse to acknowledge it,gold is cyclic like ALL commodities but the gold cycle tends to be much LONGER between highs,sometimes 20 YEARS.In fact,I have seen examples of portfolios WITHOUT ANY gold stocks that OUTPERFORMED portfolios with it...
Yes,people can make money in gold stocks,but the people who make the MOST money are the MANAGERS who run penny mining stocks......look no farther than'our friend' MrFifer
GREAT OPPORTUNITY!
.....for TAX LOSS selling.....now you can DUMP this Vancouver Penny Mining Stock and write it off against the stocks you DID make money on....in fact I'm 'anticipating' that's probably best use of this burned out,over promoted underachiever that management milked to death....
Just reminiscing.....remember the ringy dingy rah rah boy who used to yap on about the 'dogs barking but the cavavan just keeps rolling along'....uh,whatever DID become of the 'caravan'anyway?..wheels come off?
Too funny!
Ah,yes,we're 'anticipating'_________you fill in the blank....
Having fun yet?
If they had the money fifer put in his pocket we might have been looking at a very very diferent scenario,but on the other hand,the mine was low grade and had limited reserves....it may well have never been profitable under the best of situations....besides,it is WAY easier to mine gold from shareholders pockets
Face it,we've been had.....despite the rah rah boys loud protestations and calling people 'idiots'and putting them on 'ignore' for DARING to demand verification.....by the way,what are the faithful saying over on their private invitation 'positive forum'where they only want GOOD news......too funny!sometimes you just gotta chuckle at how naive some people are....the stuff the Vancouver Penny Mining stock shell game COUNTS on,and management gets RICH off..been there,done that
still think MrFIfer is 'our friend 'and he 'really cares'about the little guy?
The only 'good news' would be consolidation and recapitalization.There is absolutely NO WAY this 'also ran' Vancouver Penny mining stock can ever become a viable producing profitable gold mine,they simply don't have enough high grade gold to mine.Now add to that gold is going through its cyclic price range,and if history is any judge,the 'anticipated''big bounce back' could easily be YEARS away
No,best news would be to consolidate ,rename and recapitalize-under NEW MANAGEMENT with a NEW VENTURE-that's the BEST we could hope for...worst case is it will just quietly go off the board,like so many other 'great opportunities',with nothing to show for it but wallpaper...management,however,did very well
I never did trust 'our friend'MrFifer.....right from the getgo there were too many questions and not enough answers....yeah,I made money,but more by sheer chance,not by listening to the rabid rah rah boys who were 'anticipating''we would be a 150 K mid tier producer really worth $5 by 'next summer'.....
got your PDI shares yet?
'Village idiot'?...
'Delay in books' could mean they don't have the money to PAY the auditor.....
Aren't you feeling really lucky MrFIfer is our friend and looks out for the little guy?
Have the lights finally been turned off as we suffer the fate of most of these 'great opportunites'(it was-for management,and who can forget that sweetheart deal where Fifer flipped the abandoned gold property he picked up for a paltry $1million to the naive shareholders for $30 million....)
Yup,he got the cash and we got lead down the garden path,,,,nice wallpaper though...heck if a deal
Having fun yet?
The best news we could get would be notice of consolidation and recapitalization,which is the probable fate of almost all of these Vancouver Penny Mining stocks,they never die ,they just remorph into the next 'great opportunity' and the game begins all over again,the promotors are the same(fleecing the naive is VERY profitable),but the players change......next...
Go on-Prove me wrong..been there ,done that.
ps.....next time listen to the 'Bashers',they just might save you some money.....(I learned that very expensive lesson with Napier,cost me quarter of a million....)no,management is NOT my 'friend',I DEMAND accountability and I TRUST NOBODY(but I make money now,quite a lot of it actually)
Give your head a shake,this is a Vancouver Penny Mining Stock-what else did you expect?sometimes you win,sometimes you lose,in my experience the money is made on the initial run up,after that,it's highly questionable,management milks these 'great opportunities'for every dime they can get out of them,PTQ was a textbook example of how the shell game is played.
Face it ,the market makers have moved on to greener pastures,and quite frankly,even as a promotion,this was a flop,it never did get off the ground,they missed the boat on the gold run up.
Prove me wrong...
Right after they sold COPPER,the games began.....they have never met anybofvtheir own production targets ,done anything on time ,or even bothered to keep shareholders informed.Ita the classic 'carrot and stick'game always 'anticipating' never delivering...other than milking this for every dime they could get out if it,and when they ran the bank down raising more equity financing-and to add insult to injury,paid a fat finders fee on top of that.All we got out if it was massive dilution....
Personally I wouldn't be surprised to learn this was Fifers game plan all along....
But my oh my,the howls of outrage whenever someone DARED to question it....'poisoning the board'-they even had to set up their own private members by invitation board so they could avoid hearing anything 'negative'...speaking of which-What happened to the 'positive' board?did they ever wake up and figure out they'd been lead down the garden path by their 'friend'?
Late filing....So,is anybody surprised?the only thing these guys do on time is cut their own paycheques....
Why the BOD didn't fire the lot of them,I'll never know-unless they were in cahoots with them...
But it does raise some questions though,I remember way back there was a woman appointed to the Board,well qualified and educated ,who quit abruptly shortly after her appointment,all we were told was the usual stock statement 'the Board thanks her for her help'....in the light of subsequent events,it does make you wonder,doesn't it? I'd sure like to talk to some of these people who were close to the operation,they could probably tell quite a story,albeit not the official version that was fed to the shareholders....
ps....when I raised this question why she had quit so abruptly,I was shouted down and told not to be 'negative'.....and that MrFifer was our 'friend'and we were 'really lucky'to have him on our side.....
Careful,Redflame will put you on 'ignore'for poisoning the board....gotta admit,I think it's a hoot how many astute learned 'investors'put me on ignore'(wonder if they would like to rethink that decision in the light of PTQ going to the 'next level').....
Careful,Redflame will put you on 'ignore'for poisoning the board....gotta admit,I think it's a hoot how many astute learned 'investors'put me on ignore'(wonder if they would like to rethink that decision in the light of PTQ going to the 'next level').....
I think I collected about 100 'ignores''from outraged rah rah boys who were convinced mr fifer was their freind,and they were really lucky to have on their side .....too funny!
The 'village idiot'
Ps-go back and read what Det McVitie(once one of the strongest supporters)said when told the board why he dumped this 'great opportunity'...too many questions,not enough answers.That was the 'smart money'
Why didn't they tell us?What gave they EVER told us .....other than 'what we anticipate'?
All PR ever told us was what we wanted to hear......which was why I stopped bothering to ask(coinciding with when I lost confidence in them)
Ah,no,we haven't actually DONE the financing.....but we're 'anticipating'
(Joke)
Or maybe they're negotiating the 'finders fee'
No,no,you've got it all wrong,the fact the share price has TANKED,has nothing to do with management,the 'whole sector is down',isn't that the feeble excuse the slobbering rah rah boys used to blather on about?...uh,speaking of whom,where ARE the glassy eyed ran rah boys these days,isn't mr fifer their 'freind 'anymore?aren't they 'really lucky'to have him on their side,cause he 'really cares'about the little guy'
Good joke,wasn't it?
Ps-I still see some of our more astute people who actually think they are ' investors'still have me on 'Ignore'.....best confirmation I ever got that I had this one pegged about right....too funny!
Even if the POG went up,it won't help us,it didn't before and it won't now.The problem isn't the POG,it's management mining gold out of shareholders pockets,way easier than getting it out if the ground
'Obviously earmarked for other things'......you better believe it us,but chances are it has nothing to do with enhancing shareholder value.until we get rid of the albatross around our neck,all we can 'anticipate'is more of the same that got us into this mess in the first place
Reality check-this is the 'next level'they said we were going to....
The real question is WHY would any financier put a thin dime into this company?Apart from the way it's been grossly missmanaged,(although I suspect this is what Fier planed all along)is there ANYTHING of real value here?low grade marginal gold mines that have already been over promoted and milked to death resulting in massive dilution are a dime a dozen,you have to seriously ask yourself,why would anybody choose this one?
Wasn't it you telling us the SAME garbage when the stock was over a buck,that it was 'going to the next level'(which it did-CRASHING over 90%)
Guess that was the 'weak hands'selling.....gotta love it!
Seriously,how anybody could 'anticipate'anything diferent from this company when the SAME people that ran it into the ground And milked it dry are STILL on the payroll is a puzzle to me-what you see is what you are going to get,more of the same.My only question is WHERE were the Board of Directors ,and WHAT were they doing while Rome burned?did they just RUBBERSTAMP everything?
I submit this has been MISSMANAGED right from the getgo....unless this was the plan all along...(sorry to 'poison the board'by being 'negative')
Did you really expect anything diferent?
They'll milk this one right down to the last drop,as long as there are enough naive people who believe them
Face it,this was just another typical Vancouver Penny Mining stock and the shareholders got lead down the garden path while management and the insiders got rich....I do agree it was a 'Great Opportunity''-for them....
Eventually all these juniors that are run into the ground this way just get bogged down with debt and if that does't kill them, kill them,the massive dilution does.If PTQ survives,it will have to be recapitalized and that means consolidation-that is,if the operation is deemed to even be viable which is questionable.
My suspicions are it wasn't and management decided it was far easier to mine the gold in shareholders pockets
'Huge news 'would be they fired Fifer,replaced the BOD with competent experianced people and an audit was taking place.....my guess is the stock would jump on the news.Unfortionately the hard cold reality is stock still has to be consolidated,it's the only way to correct the massive dilution.....
Guys-we are UP on HUGE volume.....blowing through the roof ...at 7CENTS.."
Better get in quick before the 'Big Boys'discover us....
Why aren't the rah rah boys jumping up and down and darn near wetting their pants shouting about the 'huge news' that resulted in the stock 'skyrocketing'20%?(uh,that would be 1CENT,oh wow)
But "Growing diversified gold producer committed to increasing shareholder value"?......now THATS funny,downright rolling in the isles gut busting hilarious! Tell me, where do they find people to come up with these jokes?
ps-did fifer pick up another finders fee?
Doesn't matter what date they use for year end,the market isn't 'anticiptaing'anything positive...in fact,quite the opposite
The only thing that truely puzzles me is why anyone saw it differently...right from the get go fifer did nothing other than milking this one dry,going back to the shareholders for more,and picking up a fat finders fee for the privilege.....what else could you 'anticipate'?
Tell ya,I took all those 'ignores'by the glassy eyed slobbering rah rah boys as confirmation I had this one pegged right.....
Don't feel too bad,I was once one of the biggest promoters of NAPIER,and called down anyone who DARED to question my favourite little stock(management was my 'friend')..I held one million shares,sold it all for 1 cent a share,instead of the $20 I 'anticipated' it was 'really worth''
Now I DEMAND accountability ,and I GOT no friends in management......AND I make money now,quite a lot of it actually
ps:you generally know you're on track if you collect a lot of 'ignores'for 'poisoning the board' and the rah rah boys call you an 'idiot''........you follow the herd,you step in what the herd leaves behind...
And the rah rah boys called us names and put us on 'ignore'for DARING to demand accountability?....some joke,huh?
These Vancover Penny mining stocks never die,they just remorph back into another 'great opportunity' and the shell game begins all over again with a new 'story'.....the value right now is in the listing,not the assets...
Got hand it to Fifer though,he sure sucked a lot of people in though.....he must have been rolling in the isles laughing about all these people who said that we were 'really lucky to have MrFIfer on our side' and that he'really cared about the little guy'....
There is some value to the listing,simply because it's cheaper to take over a shell company ,consolidate it and rename it than do all the paperwork to set up a new company,and 4 cents seems to be about the right price.
I think we're looking at a 10 for 1 consolidation ......kind of knocks a hold in the ringy dingy rah rah boys theory that dilution was good because it helped with the 'liquidity"....,course,they had an answer for everything
Having fun yet?
I just wonder....if these rabid rah rah boys who were so convinced MrFifer was their friend and it was a great opportunity(we anticipate we would be a 150K mid tier producer really worth $5 by 'next summer').and they were SO quick to put anyone who demanded verification on 'ignore'for not bring 'positive'.....where did they go?
Hope they kept their day job....
Having fun yet? Got your PDI shares?
What do you mean'thispuppy is done'-didn't you see we're blowing through the roof today-up a WHOPPING 15%.....to 4 and a half cents,(better get in quick before the big boys discover us)
Looks like we're'goin'to the next level'...oh wow...
Recapitalizing the company is the only option we have now-that is,IF there is anything there actually worth doing,other than mining gold from shareholders pockets.
The hard cold reality *is we aren't going to be a ''150K mid tier producer'by next summer,or any summer despite what the glassy eyed rah rah boys 'anticipate' and never will be,this is a marginal low grade ore body of limited quantities that may not be economically viable under the best of circumstances and potential investors are going to evaluate whether there are better opportunities before taking on this white elephant
Of course,it goes without saying that even if the company was recapitalized,consolidation is a given....
*sorry to 'poison the board' but that's the way it is(you can IGNORE me ,but you CAN'T ignore the shareprice....)
If they fail to file on time they will be suspended from trading....it's the rainy season you know...the rah rah boys will tell us it's only the 'weak hands'that are selling...
NOT $4,not 40 cents......4 CENTS,yes 4 LOUSY CENTS(but it's a' great opportunity!)
Check Craig's list for mining equipment ,new,never used.........rusting in the jungle
Rah rah boys excuse-'it's the rainy season'