Just trying to make a buck or two!
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Oh, one other point. The mill, technically isn't reliant on the dry stack approval. But without the place to dump all that leftover dirt after the gold and other minerals are removed, the DRMS is going to want to know where it is going to be put. So, the two items are intertwined, at least by CGFIA's plan.
Just wanted to clear that up.
Da nada, amigo!
It can give ya a headache trying to follow all this, but that's why we try and help each other.
Vaya con Dios!
CGFIA
Mayhem, Remember that the recent shares that were released onto the market were not put out there by CGFIA. They came from financing companies that gave CGFIA cash in the past. These companies were restricted from selling those shares till now. They couldn't really give a hoot about CGFIA, they just want to get a return on their outlay. So, saying it is a pattern, may be true, but CGFIA would not be as shortsighted as to sell off stock at such a low price. It drives the price down further, just hurting CGFIA more. They really have no control of this recent action. CGFIA didn't own the stock. What I do see is that is promising is that after every dump on the market, the price did recover some of its value. Ok, now why do we need Ausenco? Simple answer, It is required by the DRMS. They want an independent outside source to verify that the dry stack area is adequate for use as proposed. If not by Ausenco, then another engineering firm. Colorado is pretty sensitive to environmental dangers, and although to us this is "just one big pile of dirt" it represents a potentially dangerous pollutant to the surrounding streams and rivers. Think of Asuenco's certification like a car's registration. Sure, you can drive without it, but if the mining police stop you, you are in for a fine or worse. (In our case it would be worse. Fines and NO PERMIT for us.) Since the DRMS is checking CGFIA out so closely, CGFIA needs to make certain that everything is in order. If it isn't, no mill reopening. All the hard work up to now would be wasted. Hope I covered what you were looking for. GLTY
That is an unanswerable question, Brendan. If there have been discussions between the two, they could be talking about an agreement for milling the ore for Hecla, or for that matter, what they thought of the chances of the Rockies making the world series next year.
The topics of discussions like that would not be made public. It would be bad for both parties. Purchase prices would be effected, other mining companies could get involved. It just wouldn't make sense to publicly disclose that stuff.
Buyouts, on small companies like CGFIA, are usually kept secret until they are finalized. (particularly since Guyer and Rice have control of the majority of the stock and can vote to sell CGFIA without any other shareholder's consent.)
Hang in there, Brendan, and trust in the integrity of CGFIA.
Let's save the gourmet stuff for the celebration of mill approval! Besides, chocolate and Grog? Not a good mix!
Brendan,
Actually the hardest part IS the permit. That takes the most time, as we have seen, and is probably the most unpredictable.
Have faith in CGFIA's management. They can handle the job ahead.
Not long ago, I acquired a position in another junior gold mining operation, and they have just started producing gold. Everyone said that the company would never get off the ground because the principals involved didn't have ANY mining experience. Word had it that these guys were certifiably crazy and would be wasting their and the investor's money. At one point the PPS was in triple zero territory. (Sound familiar?)
These guys may be crazy, but they are rich now, and will be filthy rich real soon.
(I doubled my meager investment so far and see much more to come)
It is the companies that succeed, when everyone says they can't, that are the best investments. They can go from pico-cents to dimes.
Oh, and as far as buyouts, it may happen, it may not. But as investors, we make money both ways. Neither will be overnight events. But that is a whole different line of discussion, best saved for after mill re-approval.
CGFIA
I have serious doubts that anything will be "wrong" with the dry stack area. This really is more or less a formality of having a certified engineer interpret the data from the core samples and report the nature of the substrata. I'm sure that ground water and permeability will also be considered (if the haven't already), along with the natural drainage channels from the site.
The DRMS thinks this is a big deal, and for safety and liability sake it is. But as you have already said, ficoce, there probably won't be much construction required, save a bit of grading.
So, light the campfires and get out the marshmallows. All we can do is wait, stay calm, and not let our imaginations get the better of us. Things are moving along, and in the right direction.
Pass me a marshmallow, please?
CGFIA
Oh, and I forgot to add, "SAFETY THIRD!"
So right, RKY! I think that the "engineering" required here is a matter of evaluation of the dry stack site and its ability to support the proposed weight.
We have to remember that this is a mining area and there very well may be old, uncharted mine shafts, voids or sinkholes under the area.
Now is the time to make sure that CGFIA is "doing it right" so they don't run into future liability due to poor planning or a rush to production.
I can wait. I know these things take time. This is a perfect example of "measure twice, cut once"!
CGFIA
No, I worked in "material handling" designing (and selling) manufacturing processes. Everything from simple conveyor systems to fully automated storage and retrieval systems (warehouses run totally by robotics).
I know it isn't mining, but
most engineers & design people have a staff of helpers to expedite the process. Usually the head guy is juggling multiple projects and double checks the work done by his subordinates. Then when the package (drawings & reports) are ready, he signs off on it.
It's a common practice in industry. (unless the project is some cutting edge development, then he usually does more of the work himself.) This should be a slam dunk for Ausenco. That's why I think it can be done by the 'helpers' with only oversight by the head guy.
Ficoce points are valid. The testing will take longer than the design.
Regarding the dry stack design:
I think you guys are making a mountain out of a mole hill with this trip to Turkey.
Ok, I may be an old fossil, but things haven't changed that much since I worked. Is this design company a one man operation? Isn't there a junior engineer or assistant that can at least start the design? I had a draftsman that helped me do my designs. I could give him my figures, tell him what I wanted and he usually hit the mark. If he missed, then I could point out what needed to be changed.
In a world where we can text, email and net-meet, it makes distance (or a trip to Turkey) a non-issue.
My point is that the engineering isn't as much a holdup as getting the data to the designers. Someone posted a report from a conversation with the design company saying that the design was pretty straightforward; it should only take a couple weeks. For all we know, the design is roughed out already and waiting for the formality of creating a drawing and document.
Let's not get all doom and gloomish, at least not yet.
All IMHO.
Keep positive, guys.
Now I have your secret formulae for the emotion sine wave you have been posting. All I need to do is find someone with an elementary school education to solve it for me. (I'm way too over qualified for that. I grad-ge- ated high school!) Then I'll be rich!
PCFG will be mine! Well, maybe .00076% will be mine!
Watch out for the odd balls, Robo! It is the weekend and they will be out in droves! You know what they like to do on dumpsters.
Ok, now I know what you have been doing with the laptop. No matter how you try to hide, I know you have been doing some DD! You had to look this one up on google:
"tridecafluorooctyltriethoxysilane"
And I thought you were just scouting sites for urban aluminum!
If one picture is worth a thousand words, then I like the way you talk! Now, if you will take us to where your friend found that nugget, maybe we should organize a road trip. We may collect enough gold to buy another couple million shares of CGFIA! (or at least a round of "Grog" >>drinks<< for the participants) Keep posting, you have seen the area, I haven't. Thanks.
Good to have another set of eyes looking around the area.
I'm not sure how familiar you are about the assets of CGFIA, but I like the idea of the mill being the only gold mill for several hundred miles. Makes it a mini monopoly, sort of. The POW mill needs final say so from the division of reclamation and mine safety (DRMS), but the consensus of opinion here has it pretty close to opening. The question is your definition of "close". It may take a few months, but it will happen. IMHO.
You probably know the potential of the mines better than I, so you can educate us all with your observations.
Hang with us, Rake, it should be a fun ride!
Welcome aboard, Rake!
Yes, we have a few guys who are pretty familiar with the area, some have mining knowledge/experience. Lots of good, smart guys here.
Hang around, and if you can put up with our jokes and kidding around, you will find there is a lot of good information shared. So, jump in with anything you find, or ask about anything you need help with. There is no such thing as a stupid question, except the one you don't ask!
Again, welcome to the CGFIA board.
Should we be disinfecting our keyboards after we open your posts? (I hear Grog works good on that.)
Good to see you back up and around. Just in time for the return to higher prices. Let's make some profits!
CGFIA
Thanks, TT, I owe you one!
PCFG!
Twotone, you wouldn't have a link to that article, would you? I may have to go the Robo route in the future and would like to make contingency plan. LOL
(seriously, any link?)
Thanks!
PCFG may keep me out of the dumpster!
Good question, jd4!
Here is a semi quick answer.
In navies, water carried on ships had a tendency to go bad. Some boats carried light alcohol beer for the sailors to drink. Even that went bad. So it started out as "near beer" (3.2% alcohol) mixed with rum. In the British navy it was rum mixed with water to help the taste of the water that was stored on the boat. (Pretty fowl tasting stuff, that water!) They also added lemons and limes to the water rum mixture to help the taste.(Thus the referral to British sailors as "limeys")
In the US navy, they used rye whiskey instead of rum. That went on till around WWI. (longer in the British navy)
Nowadays Grog is any simple mixture of two ingredients, one alcoholic, the other could be anything alcoholic or not.
So, a Screwdriver would qualify, or a Boilermaker, or Jack Daniels & 7, Rum & Coke, etc.
Here is a link to the wiki definition:
http://en.m.wikipedia.org/wiki/Grog
Here on the CGFIA board it is just a running joke we like to throw around!(Sort of like the Flotilla & Armada stuff) It does break up the seriousness at times.
So, when the sun is over the yardarm ( a measure of time in the navy) get yourself a refreshing Grog and call it a day! It helps you keep your sanity on some of the days we have had here lately!
Gentlemen & Ladies, A toast, to God & Country! (and CGFIA, too)
Cheers!
Yes, AK, there may be a Santa Clause! I had to check the list(ing) twice just to make sure that my eyes weren't fooling me!
There is hope for us all!
CGFIA!
Vnl420,
Glad to do that for you. I think we are all going to need bigger boats!
Good luck, y'all!
CGFIA!
Ok, Wimpy, I'll give you credit for an extra grog! Don't tell anyone, otherwise they will all be asking for credit! These are lean times you know!
I'll add the shares under your name, just for bookkeeping purposes.
Good luck to you and your friend!
CGFIA
FLOTILLA UPDATE!
I just hit the "recalculate" button on my pad of paper (meaning I sharpened my pencil, and took off my shoes so I can count a little higher) and the total shares of CGFIA held by us "iHubbers" is now 1,235,473,403.
That's 1.235 Billion!
Good luck, shipmates!
Almost grog time, (except for BBC!)
Duely noted and..... glug glug glug... Aaaahhhh......, collected!
Thanks BBC!
You can own your house and still have to make payments to the bank.
If you do a little digging, you will see the mill was purchased for a cash payment and the assumption of an existing debt.
The payment is for the remaining debt.
Get them whil you can, 67!
I broke open the piggy bank today and got almost 1.5 million. (just so I can buy my mid-life crisis sports cars next year)
This is like free money, almost. (Besides, my wife can spend $400 without even leaving the house! It's my turn to do the spending from my living room.)
GLTA
And to all the new "names and faces" on the board over the last few days, welcome aboard! You are getting in at a great time. (IMHO) Opportunities like this don't come along every day. Invest wisely!
CGFIA
Here is the link to the SEC form 4 website, so you may educate yourself.
http://www.secform4.com/insider-trading/1445182.htm
Major "dumpage", hardly!!
You don't know what you are talking about.
The stock being "dumped" is coming from financiers converting shares into cash.
Mr Guyer has not "dumped" stock. He has sold a very few shares over the years; a very little percentage of what he owns. He is being compensated in stock and still has the majority of his stock.
SEC form 4 shows two blocks sold. The first was on 8/12/11 for $12,016. The second was on 8/25/11 for $4,500. That is all the money Mr Guyer has taken since May. 4 months, $16,000. That's $1000 per week. (I'm sure you make more than that per month.) The man has bills to pay just like anyone else.
In the book, mou10mn! Thanks for the update. Now grab yourself a GROG!
CGFIA
Thanks, Over.
Man you have guts! I have an order in for more at .003.
I'm on pacific time and will miss the first hours of trading, so I wanted to grab what I could.
I hope we are both lucky tomorrow. You snag the 1's and I'll boost the price at the 3's!
Keep our fingers crossed!
GLTY & GO CGFIA!
I'm counting on that spark!
We didn't even talk about the mines, but they are secondary to the mill reopening.
There is a lot of research on this board. If you have questions, lots of smart guys are here to help.
When you review it all, it makes you a believer.
All this and at bargain prices, too!
GLTA!
CGFIA is full of potential!
There is a lot to like here. Bond paid in full, equipment and mill existing on site (virtual monopoly, the only gold mill for hundreds of miles,) strong management, 99% ready to go! Just need the paperwork, and then it's "get to work milling money" (gold)! Profitability is almost a guarantee.
CGFIA
Good summary Mr Wowza! That puts the upcoming events in a nut shell!
CGFIA is way too far along to stop now!
I see a great convergence of time, effort and perseverance. IMHO it is a win-win!
CGFIA
But with GROG, not beer!
I wouldn't mind a good hot dog or kielbasa to go with the grog!
If we drop a zero, I could afford one!
Let's go CGFIA, I'm hungry!
BBC, if we drop a zero tomorrow, I'll open the bar and it will be "all you can drink"!
Here is hoping that light at the end of the tunnel isn't a locomotive coming at full speed, right for us!
Positive thoughts = positive movement!
CGFIA!
FLOTILLA UPDATE
We have approximately 115 members disclosing their position in CGFIA.
The ARMADA & accompanying FLOTILLA have amassed 1,183,087,832 shares!
I'm sure there are a few million shares hidden under your grog bottle, so if you will, update your information with me.
Good luck!
GO CGFIA
Good to see you on this side of the yard, Bruce!
Bargain prices. I just picked up a few more myself.
Good luck & happy trading!
CGFIA
Over 1.1 billion server! (and still counting) I have a feeling when I do the books tonight we will see a lot more! It's bargain time here today, many ppl buying on the cheap!
Welcome Pennymachine! Good to have you here!
GLTY!