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Your answer is pretty much what has been said to me...With the exception of the fact that he has also targetted the first Q of next year for reporting...WELCOME TO THE BOARD
CPRKtrader
TB...YOU MUST BE KIDDING....
We have had 2 interviews published in AMM...A MAJOR PUBLICATION THAT YOU CAN'T PAY TO GET INTO...2 Radio shows with more to come, and an EXCELLENT supporter of the need for the shareholders need of more and better information....
AND REMEMBER, WE ARE A NON-REPORTING ONE CENT PINKSHEET COMPANY...Not exactly a welcome recipient of mainstream coverage...
CPRKtrader...
HAPPY BIRTHDAY YANIK....CPRKtrader
I asked the same question...
It is a process that chemically takes the copper "stuck" to the Magnetite and separates it...
JUST IN MY EMAIL.....
COPPER KING CONFIRMS FUNDAMENTAL
FEASABILITY OF COPPER CEMENTATION
Milford, Utah—October 14, 2009…Copper King Mining (CPRK-Pinksheet) today announced completion of successful feasibility analysis of the copper cementation process applied to solutions derived from leaching the oxide portions of its crushed ore. The Company plans to install cementation facilities in advance of the construction of its planned SX/EW plant. The Company expects that the cementation process will create an immediate, additional income stream, at a minimal capital expenditure.
Mark Dotson, Chief Executive Officer, further stated, “Cementation is a simple, reliable process that will immediately bolster the company’s bottom line and further validate the company as a 21st century producer.”
About Copper King
Copper King controls over 80,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact:
Contact
Investor Relations:
Charles A. Moskowitz
617-633-2259
CAM@Copperkingmining.com
TREASURY SHARES = RETIRED STOCK
INDIVIDUAL STOCK BUYS FOR INSIDERS = 6 MONTH RULE...
THOSE ARE THE RULES...
YES...INSIDERS CAN BUY FOR THEMSELVES...BUT THE RULE IS...
If they don't hold the stock for AT LEAST 6 months, the profit goes directly to the Company...
BTW, Charles said there should be another PR very shortly...
THE COMPANY CAN BUY ALL THE SHARES IT WANTS OPENMARKET, BUT..
When a company buys its own stock back those shares become
"treasury stock" and are RETIRED...so IF they buy, it is a major "ANTI-DILUTION" play...
CPRKtrader
I GOT THE AMM ARTICLE FROM CHARLES ABOUT AN HOUR AGO...
Come on folks, he doesn't have to be on duty 24/7...It was after 8:30PM when he sent it out...
CPRKtrader
I ASKED CM ABOUT THE NUMBERS AND WAS TOLD THAT "We need a larger sampling to be accurate." Clearly he tends to under estimate results, and that's fine with me, but when you are talking about hundreds of thousands of tons of concentrate, the valuation on 25 or 50 tons at a time is not meaningful or necessarily representative...
I SPOKE TO CHARLES AFTER THE INTERVIEW...
and he said that he thought it went well...answered all the questions....MORE IMPORTANTLY...he told me he is getting some more latitude with the website and he has gone over it and presented management with a "couple of pages" of additions and changes...He agrees that we need more exposure and is working to get it...I for one am pleased...he's been honest with me, and I expect results...
CPRKtrader
I JUST SPOKE TO CHARLES AND HE TOLD ME....
That he had a conf. call this morning with the people from
CaesarReport and answered all questions and volunteered on
some issues that were not specifically questioned...So I guess we'll have to wait to see what they write...
CPRKtrader...
I FIRMLY AGREE WITH RICHARD....
In an economy where a state (CALIFORNIA) that has the economy the size of most large nations has to resort to issuing 'IOU's to their own employees and other contractors, the issue of being paid in full and on time is not one that solely falls to CPRK or any other small company...
CPRKtrader
My conversations with CM have ALWAYS been fruitful and my recollection (since it' Saturday and I haven't tried to call)
is that the whole Trucks vs. Rail issue ws due to a lack of LOGISTICS on the buyers part...
So my use of shipper (by my understanding) MEANS IT COMES FROM THE BUYER SIDE...
NOT THAT IT REALLY MATTERS....THE CON GETS PRODUCED, SHIPPED AND PAID FOR...
CPRKtrader
I JUST GOT OFF THE PHONE WITH CHARLES...
And he told me without any hedging..that he has an "internal" document from the attorney that the sale has been cancelled.
I asked if he was going to PR it, and he said no...we didn't announce it, so we won't being announcing the cancellation.
It's called DILUTION......
But just for clarification...the company issues the shares and takes in the money...Shares that are purchased in the open market require a seller...
IF the company buys shares in the market, they become "treasury shares" and are retired...by law..
YOUR REASONING IS SIMPLY NOT CORRECT....
A Company that goes through a REAL restructuring would have a very good reason to do a reverse...
IF CPRK was to receive LTF and rolled back the outstanding to a lower level, the pricing is secondary...
The reason that most reverses don't work to the advantage of the shareholders is primarily due to the fact that there is no underlying reason (EXCEPT PRICE) for the reverse...
And, a reverse may or may not have an effect on the Preferred shares....depending upon whether or not they are convertible...
BUT IN ALL MY CONVERSATIONS WITH CM THE ISSUE OF A REVERSE HAS BEEN SOUNDLY REBUKED...
CPRKtrader
I USE ETRADE AND GET THE LEVEL 2...no charge....maybe because I make between 75-100 trades a month....
As far as 1st and 2nd rate market makers, there are many who play in all levels...
For example, NITE is a MM in CPRK, but also MSFT...just part of how they do business....ALSO, there are a couple of the biggest names, who "buy" the order flow from smaller firms and provide clearing services...It used to be ARCH (the old arcapellago) now it's NITE or UBSS who "seem" to be making markets, but really only represent others...
IT WOULD MORE THAN DOUBLE...ALL OF THE SHORTS would cover...realize that this stock was selling much higher...OVER .04 a year ago....and at that point it wasn't operating the mill, or selling any con or mag.....
market makers...
Nite
Etrade
Jsup..jessup lamont
Auto
Labs...LaBranche
Able
Pert..Persing
Sali
Hdsn...Hudson
Vfin..V finance
STXG
Vndm
Maxm...Maxim
Lamp
CPRKtrade
SHIPMENTS OF 75 TONS DELIVERED..
SHIPMENT OF 50 TONS FOR TOMORROW..
TOTAL 125...PLUS ALL LOGISTICS FOR DELIVERY SET UP
NOT BY US, BY SEMPRA...
AS PER CONVERSATION WITH CM...
CPRKtrader
COPPER KING AFFIRMS DELIVERY
OF COPPER CONCENTRATE TO SMELTER
Milford, Utah—September 30, 2009…Copper King Mining (CPRK-Pinksheet) today announced that it has completed delivery of the first 25 tons of its copper concentrate as stipulated in its contract with RBS Sempra Metals & Concentrates, LLC. The company also affirmed that it now has completed the logistical arrangements to make continued deliveries five days a week for the foreseeable future. The Company has delivered 75 tons of concentrate through today with two trucks carrying 50 additional tons to be delivered Thursday, October 1st.
Mark Dotson, Chief Executive Officer further stated, “We have a backlog of concentrate awaiting shipment as well as Mill production so we can maintain a steady flow of product to service our contract with Sempra. The mill is currently ramping up production and we continue to make headway towards our goal of processing 3375 tons of ore per day.”
About Copper King
Copper King controls over 80,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact:
Contact
Investor Relations:
Charles A. Moskowitz
617-633-2259
CAM@Copperkingmining.com
SPOKE TO CM....PR COMING THIS MORNING...CPRKtrader
THE PROBLEM WITH THE MAG @ PALLADON....
is that it is substandard quality and my understanding is that it is closer to 250,000 but no one wants it...
HAMMER...THE "I BELIEVE" WAS WHETHER OR NOT IT WAS SATURDAY, NOT WHETHER OR NOT IT WAS SENT...
I have confirmed with CM that #3 was on it's way yesterday and that we now have a real schedule set up for 5 / week....
SPIN...SPIN...SPIN...
CM SAID THAT THE 3RD TRUCK OF CON LEFT...HE DIDN'T SAY "HE BELIEVED" IT LEFT...GIVE IT UP HAMMER...THIS DEAL WORKS...
I SPOKE TO CM THIS AFTERNOON, LATE, AND HE CONFIRMED TO ME THAT TRUCK # 3 WAS ON ITS WAY...
I asked if we would see a PR and he said he didn't think so...we've made our intention clear and we will continue to ship as we stated last week..."If we announce every truck, then we also have to update everyone when we don't send one, or when one breaks down...This is now in the normal course of our business and doesn't warrent PRs."
I GOT THE LINK FROM CM THIS MORNING....CPRKtrader
A LITTLE HOMEWORK....
FCX, A MATURE MINING COMPANY...
Revenue...$12.97 billion
Mkt.Cap...$28.04 billion.....
FCX cannot possibly grow at the same rate as a startup...
Forward P/E..12.9X
Enough said?????
I THINK A P/E OF 10X FOR NEXT YR. IS A GOOD NUMBER....BUT
FOR THE FOLLOWING YEARS A P/E SHOULD EQUAL THE GROWTH RATE OF THE COMPANY....
I assume an earnings # of 25MM and a P/E of 7 would still give us .035...A VERY CONSERVATIVE PRICE....
BUT A GROWTH RATE OF 20% WOULD JACK THAT UP TO .10 FOR THE FOLLOWING YEAR.....
AND THATS CONSERVATIVE...IMO
I DISCUSSED REFI WiTH CM and he said that the Mill, which can only be valued 2 ways...cost or depreciated value...is basically worth what it cost to build...since it is new...
and it's actual value could be determined by by the 3 yr. discounted cash flow from operations...
THAT WOULD BE EASILY SERVICED...and would eliminate most of the "other" debt...
I SPOKE TO CM ALREADY AND HE SAID DAVID MIS-SPOKE...HE BELIEVES WE WILL MAKE $40-45mm NEXT YEAR, NOT REV...PROFIT...
THAT'S AN INTERESTING POST SINCE THE TRUCK HAS BEEN THERE WAITING TO UNLOAD FOR 2 DAYS
What is MSHA site???
I SURE HOPE SO....I'VE BOT 650000 TODAY BETWEN .0136-.0142
CURRENT PRICING FOR MAG IS APROX. $70 / TON...
depending on quality...
I'D HAVE TO ASSUME HIDDEN TREASURE...
SPIN HAMMER...SPIN,SPIN,SPIN.............
Nothing cheezy about coverage by AMM...or consistently increasing vol., or a price move of 100% in 3 days...
CPRKTrader
I would bet NEVER...and since it is an internal document...deservedly so....What BS...I would bet we hear about the first shipment being DELIVERED ON MONDAY....