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I see the pictures. Wish they would post more.
Why do they go to AZ?
Is that 3.3 oz out of 15lbs of concentrates?
How many tons of concentrates do they have?
No action today. strange?
This stock is set to take off.
More information like this will keep the price going up.
The auqisition of the 51% will take place when the equipment is paid off.
Something has to be going on.
No update, no new news of any kind.
Just hope this is going to turn out ok come the first of the week.
How do you know the sellers backed away?
Maybe they have another buyer for the whole mine.
I think they are negotiationing now. No evidence just my opinion.
Apology accepted.
Mark I have allways called you by your screen name. I would like the same consideration please.
OK Where is the monthly update?
pure gold bullion?
Roger that Mr. Z
Maybe they say somthing about the visitors.
Hope they have drilling results.
Whos the visitors? and where did you see it?
Agree 100% Mr.Z
Hope there all home with the family having a great 4th.
I think they are waiting on the drilling results.
RCKE stock should double the day they close on the buyout or maybe someone is trying to buy them out also.
Your probably correct on the day. and they should meet the numbers.
I would like to see something on the drilling results. And i still think they are not telling all on the buyout. they kind of droped the ball on that not a word about it, maybe funding or they have another buyer in the mix.
So what do you guys think the end of the month news will be?
What happened about 3:30? Alot of buys.
Still want to see the buyout happen something not right there.
Maybe another buyer coming into play.
End of month update coming this week. Should be good news.
Drilling results might come in, and some news on the buy-out would be welcomed.
You posted on the 14th of something that happened on the 13th did you attend the confrence?
So whats the news Mark that was the day before your post?
I was going to buy 100,000. shares of CGF, But decided to go eat breakfast.
I think I made a good choice.
Breakfast cost a little more but was much more satisfying.
This is not Colorado Goldfields.
This stock is stuck in the mud.
I don't think it will move untill they buy out Red Arrow.
Still no word from Rocky on that.
I hope it is May's not April.
Why no month end news?
Why nothing about the buy-out?
May Month-End Update coming soon.
Hope they say something about the buy-out, no news on that wonder why?
Hope the drilling is going well.
Slow Day.
Or you saying that say Red Arrow is not mining.
So both are not telling the truth correct?
Is not one of those purchase orders Red Arrow?
Percentage or Decimal which one using perhaps you don't know the difference.
Why are you allways so negative?
I guess the permit Bob Oswald signed is a facade also?
Summary
Carats Percentage Per Thousand Decimal Pronounce
24 100 1000 1.000 Pure or Fine
23.9976 99.99 999.9 .9999 Four Nines
23.988 99.95 999.5 .9995 Three Nines Five
23.88 99.5 995 .995 Nine Nine Five
99.99 .9999 same thing
Four Nines
Almost all of the bars are "Four Nines" = 99.99% pure. This is the highest purity of gold bar which is economic to produce for the investment market. Only scientific market would not anything of greater purity, and the production costs would increase disproportionately.
Most of the time, we simply refer to them as "gold bars", and there is no need to specify the purity, as it is understood to be .9999 fine.
I'am excited to see what the core samples will look like when they come back.
Look at the new pictures on APG web site somebody has been busy.
Should be seeing a new LOI soon for the buyout of the 51%.
Refining: A green/eco-friendly refining process has been put into place that will allow us to produce a final bullion product of 0.9999% purity. With this now in place we will be able to scale our internal refining process to keep up with the anticipated future mining and milling volumes previously provided to the shareholders for guidance.
Wonder if this is on the Red Arrow Site?
Is this the same Bob that signed the drilling permit?
Why don't they just buy-out Red Arrow and be done with it?
Lam is this what your looking for about the 49%?
Red Arrow Mine – The Red Arrow Mine is operated by RAGC. We advance funds to RAGC which are used to acquire fixed assets or for operating costs of the mine. In accordance with our agreement with RAGC, we are currently paying 100% of the expenses and fixed asset costs of the Red Arrow Mine. As a result, we will receive 100% of future revenue until payout, when we will have been repaid for the additional (51%) costs incurred above our 49% share. We account for our share of these expenditures and fixed assets in our consolidated financial statements in accordance with ASC 910-10-45-14 Proportionate Consolidation . Advances to RAGC which remain unused at the end of the period are included in prepaid mining costs and included in noncurrent assets since we do not expect to realize these assets in the short term.
I did Rocky said he would talk about the buy out of Red Arrow 51% but never said a word. Wonder why the deal did not go through? Looks like LOI are just a maybe, someday, if.
I think that it would be a big step in the right direction.
Maybe Red Arrow has another buyer on the line.
Who's going to participate? 4:15 eastern
Management will provide guidance on future revenues and cash flows on the conference call this afternoon.
As previously announced, Investors wishing to participate in the conference call may dial toll free to 1-800-434-1335 or direct to 1-404-920-6442 , and on either call-in number request conference call 421742#. A replay of the call will also be available on the Company’s website at www.americanpatriotgold.com or by dialing toll free to 1-800-977-8002 or direct to 1-404-920-6650 , and again requesting conference call 421742#.
Plan of Operations
In furtherance of our strategy to focus on mining operations, and the development of the Red Arrow mine and related claims in particular, on February 2, 2012 we entered into a Letter of Intent (“LOI”) to acquire the remaining 51% interest in the assets of RAGC. Under the terms of the LOI, a closing was anticipated to occur prior to the end of May, 2012. The existing LOI has expired. A new proposal is under active discussion with the Board of RAGC. All parties remain committed to consummating a merger of the two companies within the next ninety days. Cash consideration to be paid within one year of closing of such a transaction would approximate $5.0 million.
So it looks like they put off getting the 51% of Red Arrow for at least 3 months, wonder why?