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Hello CGFIAers.With all the volume yesterday did anyone manage to get filled at .0001?Just curious.
Hi WealthyKing.I'been trying to get filled all day.I finally just upped the bid a little.I'm in with both feet now.GOO NTRO!
That was me.I got 890000.Lets buy them up.C'mon folks.Lets get this stock moving.
Hi M.T Pockets.That was Mister Young who proposed this so maybe he wants to coordinate it.If we could buy 500M in 15 minutes I think it could be a nice catalyst to send us higher.Any day is fine with me.What about it 567tbd?Will this do anything? We talked about this same scenario before.Are there any shorts to squeeze here?
I bet that that would work too.I bet too that we would move up to .0003 or .0004 if that happened.The The O/S is still only 11bil.The armada has close to 2B.If we all doubled up we could take control.I'm sure that there are many undeclared shareholders with millions of shares too.The MM's can't own that many.
Just hang on .Something will happen soon.http://www.stockhouse.com/Columnists/2012/Jan/12/Was-2011-a-dud-or-a-springboard-for-gold-
Gold equities are (still) dirt cheap
Yes, precious metals stocks have lagged the underlying commodity price throughout the year. Yes, they were a disappointment in 2011 – but 2011 is only one chapter in this gold bull-market story. For most miners, margins are high, dividends are increasing, and valuations are extremely low, despite the recent fall in metal prices. We can't tell you exactly when the turnaround will begin, but we're confident that the time is coming when gold stocks will once again bring us leveraged performance, particularly when the greater investment community recognizes their value and clamors for increased exposure to the gold market.
The old adage to buy low and sell high still applies. When it comes to gold stocks, we're at the "buy low" part of the formula right now.
So, if you're feeling like 2011 was a dud for your gold portfolio, we suggest you shake off the funk. It is precisely when such feelings abound that contrarian buying opportunities are at their best. The way to buy low is to buy when others are selling. Using the current weakness in prices to get positioned for the next liftoff is the way to play this. Remember that volatility cuts both ways: just like dips, a springboard to the upside will come – of that we're certain. And given the tenuous state of global finances and the temptation to print, one of these liftoffs is going to be life-changing.
Thanks WealthyKing.I found it now.I'm getting very optimistic about this company.Got to get some more shares quick.
Hi WealthyKing.I believe you.I was using the data from the Ihub quote page and the company website.Probably not been recently updated.Where do I find the ibox?
Hi WealthyKing.I just did O/S x PPS and came up less.I'll go with you figures.What if everyone upped their bid by .0005.We would have a 3.5million volume instantly.I've only got 50,000.I think I'll get some more before someone takes out the ask.
I will check those out.But seriously:With those production #'s and possibility to 5x that +relatively small O/S this seems like a slam dunk.Market cap not even 1 mil$.
Thanks again.I should have read your last post more carefully.Could we see .06 like back in 2009?The company is certainly in better shape now.
Thank for your response WealthyKing.What is the stop though?I don't know about it or the effect it is having on PPS.
Good day WealthyKing.Whats going on here?Looks like a breakout is about to happen.Whats the STOP that you mentioned earlier about?I have'nt been keeping up with this companies activities lately.Looks like they have everything in order and are ready to get some recognition.Thanks for your informative post.
Last day of the year gold prices: 2000 = 274.00; 2001 = 279.00; 2002 = 348.00; 2003 = 416.00; 2004 = 439.00; 2005 = 519.00; 2006 = 638.00; 2007 = 838.00; 2008 = 889.00; 2009 = 1097.00; 2010 = 1420.00; 2011 = 1566.00. Remember - “A trend in motion will remain in motion until it is stopped.”
Probably has to do with the debt conversion using up so much of the previous A/S.All of the pending acquisitions are for shares only too.I don't know exactly why the company did that.Could have something to do with the general trend too.All of 2011 was down,down,down.
The trend is our friend but now the trend is down.CGFIA will move when the trend reverses.Should be soon.http://www.stockhouse.com/Columnists/2012/Jan/9/Simple-story-on-buying-gold-stocks
Was anyone here around several years ago when they announced a surprise shareholder meeting in Silverton in January?The announcement was made two weeks before the meeting.Maybe if they did that this year we would get a lot of people to show up.
BUY em up.They cant get much cheaper than this.
When you feel that way there is only one thing to do:BUY MORE.
Hi Brendan.When this starts to move we will all be in awe.There is so much potential here and its like a giant spring getting wound tighter and tighter waiting for someone to trigger its release and send it skyward.I don't want to sound like a broken record ;but I think when the mining sector get some attention and starts to move,so will we.In dec,2010;mining stocks were hot.Now they are extremely undervalued.(including CGFIA IMO)The next move up should be big.
Hi 567tbd.I hope that that acquisition is still pending.Read post #20022 by Cajun Star last july.Heres an excerpt from it
. Using an average of 0.7 ppm, the total gold potential is 4.4 million ounces, representing $5.2 billion at today's market price of $1,180."
I e-mailed Guyer about that back in the spring of 2011 when another board member brought it up.Got no response from him or anyone else on the board here.That news came out just before the attempt in Dec,2010 to reopen the mill.Could still be on the back burner waiting for mill reopening,cash flow,to complete the transaction.We have quite a lot of projects right in the vicinity of the mill to keep us busy for now.That would be a nice reserve to acquire for the future when this company really gets rocking.
Hi Brendan.Waiting can drive you nuts for sure.Better to do something constructive in the meantime and when something big happens,we'll be the first to know.The board will be abuzz and the PPS will be soaring.Just don't know when.Soon;Very soon(hopefully)
Hi BrendanI think they Have to make some money first and then do something about the O/S.That should happen as soon as the C&D order is removed.It will happen sooner or later.Everything is in the works as we speak.I dont think too much about a buyback or R/S in the near future .But I bet that our PPS goes up when they get the mill operating.Thats the big event that bystanders are waiting for.Many don't think that it will happen.When it does,they will buy.Demand will increase.PPS will go up.I doubt too that the company will ever issue all those new shares.Not at .0001 anyway.Debt conversion wiped out the last increase in A/S.That is supposed to be done with.Just my opinion.We'll see what happens.GLTY
Hi Brendan.Thats a good little film clip ;is'nt it?We have one of those transporters or whatever they are called.It was in one of the old videos that CGFIA made.The mill looks quite similar to ours only USSIF has been working theirs for a while and have been upgrading.Once we get the approval,things will move quickly,especially if silver is priced accordingly.($100oz+)
Its funny but a 20 bagger here is .002c.I personally think that it will go much higher once all the details get sorted out and the mill starts up.The world needs silver.We got silver at CGFIA.GLTY.
Hi cajun star.I'm not comparing PPS or O/S with the two companies.Just that a Mine can be brought back to life quickly and start producing again.Everyone was pretty hopeless with USSIF for a long time and finally it just took off.In addition to that;silver prices are supposed to be much higher in the future due to supply /demand issues.There are supposed to be lots of untapped resources in Silverton,Co.where CGFIA is located.If the big companies get interested in those reserves,We could have a similar Scenario at our mill.
Hello CGFIAers.HAPPY 2012!Here is an interesting short footage of another silver mine that was closed for a while and has a long history but is now back in operation and kicking a$$.Might give you some Idea of what our mill may be like once in operation.Not pumping this stock;just a reference to show where we could be in a short amount of time with our own mill.
They should announce a surprise shareholder meeting in Silverton like they did several years ago in January.I would love to meet Mr Guyer and Mr Rice personally.I would definitely attend if they did
Hi albosafy.Nice to see that you are keeping the faith in CGFIA and seeing this for what it is worth.I,like 567tbd stated earlier too,think that this is some sort of a defensive move on the companies part to prevent hostile takeover or forced buyout due to lack of funds or whatever else could be happening.It is like we ,the shareholders here,are spectators of a game to which we don't know all of the rules.If there are mega resources in the ground in our mines in Colorado and some large mining conglomerate sees that this company,even with an O/S of 35billion shares,is only valued at $3.5million,They are going to do everything possible to get their hands on it.(by the way;20billion shares at .0001=$2million.Not a lot of money at all for large conglomerates who routinely spend $$$$ billions on takeovers)HAPPY NEW YEAR TO YOU ALL AND MAY 2012 BRING US GREAT PROSPERITY.
They get paid in shares monthly too so its probably higher now.Less than 4billion though.Thanks for that info.
What about Fearn.Could'nt he buy up the shares.He seem's to be pretty well off financially.Would that be conflict of interest?
I have been paying attention although not every day.That's a good percentage of the O/S that we own.I'm sure that there are many who have not stated their holdings too so it could be double that.Then we have the insiders holdings.I lost track of what they own but it was 4billion.That's 8 billion accounted for.Current O/S 11billion.There's only 3 billion available or trading .Anybody got $600,000 they can lend me?
Thanks for your response.I was just hopeful that something like that could be happening.Do you know currently how many shares are held by Guyer and Rice?I guess that the armada has close to 2Billion.
Thanks.That takes some of the mystery out of where we stand at the moment.Do you think that CGFIA could be buying back quietly at these low prices?
Where did you get that information?
Could the company be quietly buying back shares now at these rock bottom prices only to announce the action later?I don't know the legality of that or how it's done.$2m=10 b shares at .0002.That would put us in good shape.Not a lot of money for a company to spend really.
Nobody has a crystal ball.If they did we would all be rich already.GLTY Mister Young.I think you and the rest of us will do well with CGFIA no matter where you bought in.
Hi 567tbd.That looks good to mention CGFIA and Silver Wheaton in the same sentence.Looks like they have some kind of agreement pending.SLW was $2 a share 2 years ago.What is it now?$35?I know it got up into the $40's earlier this year.I bet CGFIA could make a similar percentage move when we start producing.Happy New Year
Hi Capt Kev.Today is the last day for tax selling as you probably know.I bet tomorrow we start to move up again.Happy New Year and may we all get rich in 2012.