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It looks like it's confirming the DRMS recieved the check in the amount of USD$318,645.00 and that CGFIA just needs to fill out a form making it official and has 90 days to do it. The form should be no big deal.
The second document is saying CGFI must submit the following form (or one similar) to go with the check the DRMS has already recieved.
http://mining.state.co.us/MinForms/CASH%20BND.pdf
That's downtown, I live just 15 minutes west of downtown (Golden) and it'll only be 80 :) I'm looking forward to enjoying a good swim. Love Denver, soak up the heat of Downtown if you like, or drive 20 minutes and get a relaxingly cool hike near the foothills. Either way, you are right, Colorado weather seems always to be a win/win. :)
People in Denver complain about it being hot, and it's only a 74 F high here on the west side of town... lol
2.0 Million with light accumulating
Ficose, your cool, collected, and logical responses are always a breath a fresh air, it's good to hear words from an old hand in CGFIA.
I know, there was a lot of half hearted, half honest talk on the board about a week and a half ago about pooling money together if and or when CGFIA takes off and reopening the restaurant. :) Like a gift back to the community.
Cheers, Pockets!
Oh I was being positive! I chose the Triple-0-7 because that's the elusive price everyone talks about buying in at. I think the .0007 and the .700 would be great drinks side by side (the .700 should definitely have Goldschlager in it)
At the POW restaurant, there needs to be a drink named the Triple-0-7.
I've been reading about that, Wildcat Mining have/had a permit going for an area North of Durango, and WM was causing all sorts of problems with the locals. I'm glad Guyer is so talented at keeping the community positive about the POW mill!
Willing to qualify that statement with facts?
I was just reading a review of a Uranium mine that David Bird did for the DRMS in May of 2010, it states his title as Environmental Protection Specialist. He is very thorough, though seems easy to work with from the language he used on the permit review.
I think that's because, IMO, the only significant value adding PR coming up will be the TR-11 and then the permit. Which is why they are listed as the companies milestones. The Silver Wing Mine wasn't a "major milestone" so the share price reacted to it that way, IMO.
GO CGFIA :)
Thanks ficose! With all the different talk about the A/S I was becoming confused with how different all the points were. I'm long and proud!
Rock On CGFIA
Does anybody know when, how, and why a company could do a reverse split? Also, would CGFIA start buying back their stock once they start making a profit?
While I agree with the cost point, I would have to see the actual contract to agree or disagree with you. Again, working in this industry I have seen the types of Caveats that are put into them. IMO there is just not enough information here to say that this acquisition is a bad deal. The use of the word "acquisition" seems important to me in this scenario, as it doesn't imply so much a purchase as a takeover. I imagine a flat out purchase would have cost a lot more. Again, I think we are all guessing as to what this really is without seeing the actual contract of acquisition as laid out by CGFIA and Silver Wing.
Lt, are you saying you would rather management put all of their eggs into one basket?
I would agree with you if the Silver Wing Mine was another "exploration only" project, but it seems to me, JMHO, that the implication is that the Silver Wing would be a fastracked mining position and isn't "owned" by CGFIA but that CGFIA went into a Partnership with Silver Wing on the endeavor: Hence the 5% royalties. In oil we see similar types of deals which spread out a companies risk. As a member of a small oil company, I would think it was ludicrous if we put all our finances into one project. It makes a lot more sense to spread the risk out.
I've inferred all of this information from the PR, but being in a small exploration company myself, albeit in a different sector, it makes sense that they would acquire rights to process ore from the Silver Wing Mine, and have a part ownership in it.
RTFA Derbyblood. It's for the Inactive Mine Reclamation Program. Inactive does not necessarily mean abandoned. And I was aware it was from 2002, that is why I stated that in the summary. And your statements about the company making up PR reports like that are pretty serious accusations.
Guys, it looks like Derbyblood doesn't read all of the data in his DD, I don't trust a word he/she types on here now. Obviously Derbyblood is banking on people relying on his/her posted DD on this wall than doing their own DD. All I can say is do your own DD into CGFIA before making any decisions. They have a phone number and an email address on their page and I've driven past their real address near the Federal Center just down the street from my office in Denver. If you have any questions about the legitimacy of their claims, stop by their office, don't let some outsider tell you they are providing fraudulent data.
http://mining.state.co.us/pdfFiles/Nonpoint%20fact%20sheet%20FINAL.pdf
A link to a PDF file which describes The Silverwing Mine's water reclamation as of 2002. It's just a short paragraph on the second page.
It seems we will have to agree to disagree since what we each want out of this stock is so different. I looked into this stock long term, I didn't buy it several years ago because I did my own DD and felt it would go lower. My interest in this stock is long, one day gains are no big deal to me, and if they are making money on the shorts, no big deal to me either. I invested my money with full knowledge I may never see a cent back, which is why I have a balanced portfolio. Being a Long holder, I look at posters who only post negative about a stock as having some ulterior motive. If you don't like the stock don't buy it, otherwise, what interest would a poster have to trash talk a company? Seems fishy to me.
I hope you can understand my own suspicions on your posts. Though, at the end of the day, this short stuff won't really matter. And if the company succeds, then I'll see you all at the POW Restaurant and hopefully can get a good helping of Goldenfried Chicken.
GO CGFIA
It seems, from the article, that CGFIA believes that this mine is the most ready to be processing ore in POW. It seems, to me, intelligent to acquire a mine which can produce ore much faster and has been produced in the past 50 years rather than the King Solomon Mine or the Brooklyn Mine. Correct me if I'm wrong, but it seems they are doing good business by acquiring a property which can fund the exploration of two other mines. A property worth an estimated 10 times more than either one of the other two mines. While I do agree that this stock is a risky buy (IMO), I also know that, in stocks, if you bought something with zero risk, you'd get zero reward. One should only invest within their own limits of risk-reward.
All IMO
I don't know about the rest of the longs on here, but I'm in this stock because I love gold mining. I have a passion for what this company is doing outside of just gambling my money in quick one day trades. This is all IMO but the PR today improved the future outlook of this company greatly, but I see it as potential energy rather than actual profit so it seems understandable to me that the price only hopped today. I'm in it for the long haul, just waiting for the power to kick on at the POW mill!
GO CGFIA
All comments IMO
Could all of this renewed negative chatter be an effort to keep the price down a little more before the next possible jump up on finding successful news about the Mill? I don't know about anybody else, but when I hear a trader pushing only the negative in a stock, it is just as fishy to me as a trader trying to pump it. All I can say is, do your own DD and screen the extreme comments with what you find. Long term trading means filtering out the daily chatter and keeping one's cool and not panicking when hearing the comments from the noisy few.