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Drilling will not come in February there is more than just start drilling usually this process could take up to one year. They need the financing for it, they need the licenses, environmental impact studies, etc etc could take up to 2 years in some cases.
Yes but it's not something to neglect neither...
We need some news with substance! There is nothing that is going to be done about this CEO so get over it! He is not going to step down. What we need from him is to know all this money from the dilution where is it?? We need to see that you are using this to finance digs not acting lessons... I disagree however with the RS theory, if they do that they killed the company and they know it... Also I think if they go through with this there is going to be allot of lawsuits against them including yours truly!! So we need answers VIPR positive or negative !! there is nothing we could do with this stock anyway right now !!
Is it me or there was some life today... 10 Mil buy!
Same here buddy!! So what you are saying there is nothing to do about this we just lost our money and that's it...?
Canada Hot Stocks: Coro, Moly, Rare Earth Stocks
Among the companies whose shares are making notable moves in Thursday's session are Coro Mining Corp. (COP.T), Moly Mines Ltd. (MOL.T), Neo Material Technologies Inc. (NEM.T) and Frontier Rare Earths Ltd. (FRO.T).
Coro Mining (C$1.22, C$0.04, 3.4%) said a project-review commission in Argentina has come out in favor of development of the San Jorge project.
Moly Mines (C$1.30, C$0.18, 16%) announced the maiden shipment of iron ore from its Spinifex Ridge project in Australia. The ore is bound for China.
Rare earth stocks Neo Material (C$8.07, C$0.39, 5.1%) and Frontier Rare Earths (C$3.46, C$0.20, 6.1%) are getting a boost from China's decision to reduce rare earth export quotas, which should keep prices strong. China is the dominant global producer of rare earths.
-By Dow Jones Newswires; write to djcanada@dowjones.com
http://online.wsj.com/article/BT-CO-20101230-705465.html
CORO ANNOUNCES FAVOURABLE CONCLUSIONS OF ENVIRONMENTAL
COMMISSION FOR DEVELOPMENT OF SAN JORGE
December 30, 2010, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce that the
Interdisciplinary Commission for the Environmental Evaluation of Mining Projects (“CEIAM” in Spanish) of the Province
of Mendoza has completed its compilation, collation and evaluation of the previously completed sectoral reviews; the
outcome of the public hearing and public consultation process; and the results of additional hydrological studies completed
earlier this year, and has recommended that the EIS be approved by the provincial government. The CEIAM is comprised
of the various entities which completed individual sectoral reviews of the project in 2009 and 2010, together with
representatives of the pertinent Provincial Government ministries.
The recommendation of approval is conditional upon the Company’s Argentinean subsidiary, Minera San Jorge (“MSJ”),
complying with the highest standards of environmental protection, control and monitoring prior to, and during the
construction and operation of the project, including the requirement for the paste tailings deposit to be made impermeable
with a liner. The CEIAM’s report will now be submitted to the Provincial Government for approval, and if approved,
presented to the Provincial House of Deputies and Senate for ratification.
Fabian Gregorio, President of MSJ commented, “We are very pleased that the CEIAM, after several weeks of deliberation,
has pronounced in favour of the project’s development and we now look forward to the Government’s prompt decision. The
strict compliance with stringent environmental control and monitoring recommended by the CEIAM is in full accordance
with MSJ’s stated intention to develop San Jorge with exacting industry standards of environmental management. In
particular, MSJ accepts that the CEIAM’s recommendation that the tailings pond be lined, will provide greater certainty for
the protection of the hydrological resources of the area.”
A local environmental NGO, Oikos, and an individual opposed to the project have filed legal claims requesting that the EIS
approval process be suspended, based on alleged non compliance with certain resolutions and deliberate misinterpretation
of documents. MSJ strongly refutes these allegations, which it considers frivolous, and is evaluating its legal remedies
against both parties. It was anticipated that opponents to the project would resort to last ditch legal efforts to derail the EIS
approval process, but the Company does not believe that they will be successful.
Coro is fully committed to developing San Jorge in such a way that no water resources would be affected by contamination,
as required by local and national laws and regulations, and by international best practices. The Company, through its
subsidiary, Minera San Jorge, continues to follow a policy of complete transparency and frankness, and has stressed the
economic and employment benefits of the project to Argentina, as well as a commitment to exacting industry standards in
environmental management, and has invited citizen participation in the environmental monitoring of the operation. The
Company has demonstrated its commitment to water conservation through the proposed use of paste tailings, which
minimises water usage through recycling. It has committed to train as many local residents as possible for employment in
the future operations at San Jorge.
CORO MINING CORP.
“Alan Stephens”
Alan Stephens
President and CEO
About Coro Mining Corp.:
The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals
deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects
that can be developed and placed into production. Coro’s properties include the advanced San Jorge copper-gold project, in
News Release 18-10
Argentina, and the Chacay, Llancahue and Celeste copper exploration properties located in Chile. The Company also holds
3,290,353 shares (a 5.2% interest) in Valley High (www.valleyhighventures.com) and an additional 1.5 million warrants in
Valley High.
For further information please visit the Company’s website at insert-text-here or contact Michael Philpot,
Executive Vice-President at (604) 682 5546 or investor.info@coromining.com
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or
information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production,
permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements
or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time
to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia,
Prince Edward Island and Newfoundland and Labrador.
Let's go I want to see 1.20 - 1.25 today...
Like I said I see this short to mid term around 7$ long term around 12$ there evaluations of the mine was done with gold being at 600$ an ounce when now it's 1890$ !!!! and copper at 1.74 a pound when now it's 4.75 + a pound... bling bling!!! I'm in it for the long run this is no cheap penny stock crash and burn company they are very responsible financially (very nice cash reserve)and they have a very very good team that comes from first Quantum
Does anyone know of a site that could give you a chart with the history of stock splits over the years?
What do you mean? Looking good !! I predict this to be around 7$ in a year or 2 from now! They are going to production soon!
Good volume... lol
lol Start with that I'll take it over no trad!!!
Someone is adding your right Blue. It's a wait and see game anyway now! Allot of us don't have a choice anyway...
Nice volume today I wish this would continue... If this trend should continue till the next PR (1 year from now we should be in a good position...) lol Lets hope it doesn't take that long for us to get news!
Again another buy day ...
Do you expect anything less from a pink ? Please man!
Patience buddy you know sometimes you think everything is down the gutter then boom ... It happened to me a couple of times let's hope it's one of them. You know if you look at it the only thing they did "wrong" is the dilution. Other than that they still look good... They have something in their hands let me tell you! I think they decided to go for it in Singida in my opinion this is make it or break it for them. I have a feeling it's a make it big time!
That is your opinion as silent as VIPR was with it's shareholders once the drilling news goes in effect it will take off ... The shareholders need tangible to trust them again! A simple PR will not do!
Nice volume to start the day again. 10 Mil buy same time everyday almost... Interesting... I know it's only 1000$ but I found it's a trend. I know allot of us, including yours truly are stuck with this stock! Polaris Had told me long ago he is out until they stop diluting! Let's hope they are done for now a least, when I got in they looked like a serious company but when you dilute this much and that fast without having something to show for it! You loose the shareholders ! Now the question is: did they do it to just scam us or to finance drills, exploration, expansion etc. Any thoughts peeps ? where are we heading the sky or hanging dry??
Slow buying continues... we will see. For the R/S speculations no company that did a R/S survived later on ... If they did it's barely clinging on so I don't see the purpose to do that... It will really kill VIPR once they get positive news on drilling this should be good.
We will have to wait and see... If they win in court does it get us anything?
It<s a wait and see game like we have a choice!!
Anything in view here??
So we will not see you here anymore?
Is there a RS doesn't show in my account!
Was there an RS or not can someone explain to me pls
can someone explain to me what the hell is going on I haven't checked this stock in a while did this do a RS and changed name?
So you didn't sell your shares and you are staying because of the dream??? lol
Thank you for the clarification. The fact that the website and phone etc don't work anymore and that we are without news of the company for the last year is not reassuring at all!
Why is MGLG not mentioned though?
don't worry I'm not and I know the whole thing I've been on this board since June 09...
Let me get this strait you want him to prove he is not an actor or he is a CEO? Just to say we are concentrating on things that don't make any sense when what the real problem is the dilution and what they are going to do with that money...
I think the job includes more than taking a few calls and sending PRs. It's just me but I know JCB is not the actor like some are saying. If this is the case and they have proof do you really think these people would stay on? Please... Regardless like I said before let's hope that these funds are used toward a dig or something tangible or we all got %^&*(ed!
Very nice analysis ...
Depends how they dilute... Ether they need the money to run operations or dig or just to pay JC's salary that is the question! They got private investments before maybe that might happen again! If they RS like some are suggesting they are shooting themselves in the foot... People will loose interest and the already frail company credibility would suffer even further!
No RS in view IMO
yup I'll be on that bandwagon for sure! I hope for them no RS is in view!
I don't think so, something is going on it's been almost 2 week we finish in the positive. Today is the same,not NICE VOLUME like blue would say but not bad let's just hope it continues and they don't hit us with 10 trillion shares of dilution!! Question is if this is dead in the water, why are people still buying? and who is buying... There is so much you could buy to average down...
This cannot go unnoticed without the SEC doing something about it... If they are going belly up don't they need to declare something?