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AK, anything I can pick up
below .006 equals an avg down.
Got the ones you mentioned and am looking to hit hard when pps gets into the .0001 zone.
Its the MM's that drive me crazy. They manipulate this stock like nothing Ive ever seen before.
Always watch the last hour of trading. That's when they play games and get away with it. What a racket.
I know it sometimes doesnt sound like it but
we're on the same side here.
It's my perspective.
GO POW MILL!
glta
Rod, this is something I have
brought up on occasion when the euphoria begins to froth.
Forget about the Permits that have yet to be aquired. The Money needed to accomplish the necessary Environmental tasks ahead could easily run into the Millions. Not to mention Time. The POW Mill was idled for a very good reason. People who look past this will be sadly surprised..
I will be looking to average down WHEN the pps hits .0001
If things continue as in the past, the pps will fall as the O/S inflates. No income is a systematic Killer. Price of AU/AG means nothing(my apologies to bobhwang).
/gl/
I can wait until March,
Didn't sell a single share. I'm not a trader, I'm an investor and in my opinion there is plenty to invest in here in CGFIA.
GO POW MILL!
GLTA
Picked up some more
today at .0010
Will load up more as we approach .0003
Averaging down is the way to go.
GO POW MILL!
glta
LT, the permit approval would
absolutely be a Big shot in the arm. The conditions of that approval would determine just How Big.
You know I've been a shareholder for a while now. Dont mean to be as pessimistic as it may sound. My point is we need Something Positive and we need it very soon.
The hole is already pretty deep, and only gets deeper with time. and it's something I dont want to fall into.
I'm with you in your Hope!
/gl/
It's important to maintain a
healthy focus. Many people get caught up in timelines and timetables. This company has never met one yet. Those who think the Mill will be approved and running this year are dreamers. It's a practical impossibility. Anyone who's been with CGI for more than 2 years already knows this. There are a handfull of newmembers here who obviously dont understand this. I try to look past them and hope at some point they can put everything in proper perspective.
The true risk here, as with all Pinksheet Mining companies, is lack of Money. Remember that CGI is almost 7 years old and has yet to produce income or profit to invester. The PPS is always the Victim.
Nothing is on the short horizon to change that. The logistics simply needed to move the Mill into production mode could easily take more Years! Where will the Money come from? Investment Groups? Debt Debentures? More O/S?
It must come from somewhere. Because we dont have it.
So far, we are still spiraling downward.
Sorry to say we need a parachute, and we need it fast.
/gl/
I would recommend you look up the
costs entailed to provide this Miracle cure.
It's much more than the cost of a truck and Driver.
And just as important you have the DryStack Location Environmental issues which still must be addressed and APPROVED. Can you say more Meetings?
2011 is ticking away.
And through all this, with no income, what direction do you think the pps is headed?(thats a rhetorical question. we should all have that answer by now)
Remember what I've said before, $.0001
It's unavoidable.
/gl/
Im not sure about anyone or
anything lining up to throw money at CGI.
I can definitely see a big excuse for a Large bunch of reserved A/S to become O/S. Of course that shouldnt be a surprise.
And Columbo, as far as "Playing the Stock", I love to use this addage:
When looking around a Poker table, if you cant find the Mark, the Mark is You.
/gl/
I would expect it to take
a few months, once the weather is cooperating.
And Cost is a tough one. They have $30,000 in the bank. I think it'll take more than that.
What do you think?
glta
Have been a shareholder for over
3 years. Have also reseached history back to inception in 2004.
There are a few things that continue to run true.
Money is always short. No income is ever produced. PR's are few and far between and generic. PPS decreases as O/S increases. Target plans are movable. And, Timeline projections are Always extended, Always.
In the world of Pinksheets, these are not unusual problems. Many startups have to weather these issues in order to survive.
However, after 7 years, the term Startup gets a little long in the tooth. You know you've been around awhile when your original shareholders are dying off as they wait.
Time is now becoming of the essence.
GO POW MILL!
glt us all
I believe your anlysis is
on the mark. Your timeframe may well be optimistic as the necessary procedures will probably take longer to get approvals. The past is the best example of that.
Also, CGI pps predictions are, at best, a nebulous exercise. We have all witnessed O/S go from 97 million to 3.4 billion in just 2 years. If that rate of increase were to continue, for whatever reasons, our current pps would very easily become the yearly High.
Once again,mecoors, your analysis is one of the most logical approaches that will hopefully be pursued.
There are a few here who try to think past the hurdles we are overcoming. Some of them are new here. Could just be a short term memory thing in one case.
Ducks need to start lining up soon. Lets keep our fingers crossed.
I'll probably be buying again tomorrow.
glty
GO POW Mill!
I firmly believe along with many
members here that our Expert Principles will get the job done.
They understand Money management.
That $33,000 in the bank is in Good Hands.
glta
I believe the bond requirement
is to cover current remediatory obligations, the site pollution that already exists. Acccording to last months disaster meeting, they had till today to pay that Bond.
Also, WillyWiley, your post 11522 is very informative and is hopefully what they are already acting on.
Of course, after 40 years Mining Experience, if Rice and Guyer need to be told this, CGI is in much more trouble than we ever imagined.
/gl/
Sure! If the POW Mill is
Fully Permitted, dry stacking, up and running 100%, with very good Operational Management, no lawsuits and The O/S REMAINS THE SAME.......... $.03 to $.05 pps.
With 3.4 billion O/S its hard to get above that. I dont have time to go into it, do the Math. You'll need a calculator that handles a lot of zeros.
and IF the POW Mill is still idle in 2012...... $.0001 pps, if we're lucky.
There are a number of ppl here who will give you much more optimistic numbers than mine.
It's ALL about the POW MILL!
What can I say, I try to live in the Real World.
/gl/
ficose, I dont know how you
feel about this but I think we should be careful not to project too far ahead. I see Brendan,Creaminguy,troger,uponstocks and others throwing around some ridiculous pps numbers.
But they conveniently whistle by the fact we need an Operational Mill FIRST! All the Fat Talk in the world doesnt change anything.
Look, Optimism is wonderful.
But can we try to keep our Ducks in a Row?
GO POW MILL!
(my new close)
WileyPhD, do you see that name on
the left side of the Altomines release, Mark D. Klok.
I have heard that name come up on other boards, and not in a good way.
Time to Dig Deeper(DD) again.
/gl/
I know! I even surprised myself.
Also found a whole list of LOI properties that dont seem to be mentioned anymore. Eddy Gulch, Besmer, 142 acre Kinross property to name a few.
I'll Dig Deeper (DD)
/gl/
Looks like our former
CEO, Todd Hennis, has landed another job!
http://www.proactiveinvestors.com/companies/news/10552/colt-resources-appoints-member-to-international-advisory-board-10552.html
Things are starting to look up. We're being surrounded by success!
/gl/
ruke, Im still sure we will
see lower lows. Its a given when you factor in the enormous monies needed to possibly move forward. That $33,000 in the bank might cover snow plowing, thats about it.Look to pick up serious tonnage at .0005 and below. Probably by Spring.
/gl/
I picked up 2 million yesterday afternoon.
Only took about 10 minutes.
Volume is pretty good today, too.
Hoping to pick up some more on the dips.
glta
We have experienced net losses since inception,
and we expect we will continue to incur losses for the next year. As of the date of this filing, we do not have any available external source of funds. We require additional capital in the near term to maintain our current operations. Although we are actively seeking additional equity and debt financing, such financing may not be available on acceptable terms, if at all.
Our financial statements have been prepared assuming that we will continue as a going concern. Since our inception in February 2004, we have not generated revenue and have incurred net losses. We have a working capital deficit of $1,580,235 at November 30, 2010, incurred net losses of $1,387,270 and $1,164,988 for the three months ended November 30, 2010 and 2009 respectively, and have a deficit accumulated during the exploration stage of $14,428,124 for the period from February 11, 2004 (inception) through November 30, 2010. Accordingly, we have not generated cash flow from operations and have primarily relied upon loans from officers, promissory notes and advances from unrelated parties, sale of assets, and equity financing to fund our operations. These conditions (as indicated in the 2010 audit report of our Independent Registered Public Accounting Firm), raise substantial doubt about the Company's ability to continue as a going concern.
As of November 30, 2010, we had cash of approximately $33,000, and other current assets of approximately $4,000 and current liabilities of approximately $1,618,000, resulting a working capital deficit of $1,581,114.
Any of this sound familiar?
$.65 four years ago to
$.0012 today.
If that's a "rest", you must sleep in a coffin.
and can we please put a "rest" to this RS talk? RS's never work when a company has no production. When we get the Mill up, then you can worry about it.
/gl/
we are currently a whole
lot closer to .0001 than .45
But I Truly hope your right, gilmore.
glty
There's a Big reason for what
you see today. MM's playing MM games. Sometimes called a Shake. They do this all the time. Has nothing to do with news or PR's or anything for that matter.
Always watch the last hour. Nine out of ten times pps closes lower than the daily high. Those who buy on the high will be the first to sell on the drop. And the MM makes money on every move.
Almost like clockwork.
also, A 10q was due out yesterday(Jan 11). Anyone know the status?
/gl/
Can someone refresh my memory? Exactly
WHERE does CGI Money come from?
I know it only comes from one place.
Oh well, Im sure I'll remember soon.
/gl/
They have 30 days from
the meeting date (Dec 16) to put up the bond. That puts it somewhere around Jan 15th.
Also, 567tbd, read post 11214 and tell me how far $400,000 will go. Besides, this isnt a money issue. Its a monumental Environmental issue. And that costs Real Money.
/gl/
I guess the the question
is how can anyone read the Absolute facts in Post #11214,
and with a minimal amount of inteligence, believe something Positive will happen anytime soon?
Seriously, You need to read the DRMS conclusion, Dated January 5, 2010. It's in Post 11214.
After reading, if you still believe things could happen soon or in the next decade with CGI, I know where there is a Big Tower in Paris thats for sale. I can work with you on it, standard upfront commission, of course. Big potential, to say the least.
Let me know. But Time is of the essence. We've had some serious offers that need to be considered. Dont let this slip between your fingers! Oppurtunities like this only come around ONCE in a lifetime!
/gl/
GranPop, interesting that you
bring up CMKX. Absolute textbook.
If these guys cant show income, after 7 years of promises,
it's Over!
There are a bunch of people, to this day, hoping things will turn around.
Thats not enough. Hope alone is nothing!
This company need to Produce something it has Never done!
There's a point at which Reality becomes the issue. So far, this company has only produced Stories. Not One Dime of Income! Not One Dime!
Now 7 years. Time has run out.
Unless, of course, your new to it all,
know hothing about Colorado, Previous Mine Pollution, and the current ecological mindset!
I hate to say it, but I hope theres a few more suckers left.
I'd like to recoup some of whats been taken from us. Yes, my own Greed.
Then let them find out as we did. Its only fair.
Tough lesson.
Just give us one more shot. Let someone else hold the bag.
Fingers Crossed!
"There a Sucker Born Every Minute"
P.T.Barnum, 1886
/gl/
I would say its important for
you to read Post# 11214.
Theyve had 7 years.
It's good to keep a Healthy perspective.
This Year?
Good Luck.
They had a period of
six months to prepare for the Mill Meeting and it was a fiasco.
The elements of past pollution that came to light that day may very well take years (if ever) to overcome.
My biggest question is how could they not know what the true problems were? They've lived and worked in Colorado evry day foryears. Lee Rice supposedly has 40 years Mining experience. How could he not know what the hurdles are.
After 6 months of preparation, how do you Unanimously get blown out of a room like that? It's almost impossible to look that bad. Sounded like Steve Guyers been paid a lot of shares to accomplish nothing.
It boggles me!
Just read Cologolds post 11214
I think that explains why we havent heard anything!
Whats that word? Transparency?
Trip 0's tomorrow. Guarranteed.
glty
GranPop, that is the way of the
pink sheet marketplace as you so well point out. CGI is a textbook example of how it's done. It's a no brainer we will see 0001. 10q should be out any day now. Then drop will be hellacious once we're solid into trip 0's. I dont believe any PR will help, as there's still no income.
MM's call all the shots, and they want 0's.
and Hang in there vietnam67, it wont be long now.
/gl/
albo, Not yet. there wont be
any PR. Theres nothing to say. Besides, 10q should be out any time now.
Mark my words, when the 10q comes out, pps will tank. It ALWAYS does!
We've waited this long. Dont get ahead of yourself. Just Be patient. Remember, at 0001,
0010 is Ten Times Your Money!!
I feel trip 0's coming today!
Dont worry, it wont be long now.
GO CGFIA
glta
ficose, the current situation is
lined up to bring this down past .0005 for sure.
At the going rate, .0001 is a lock. There's no other way to go.
Hold on to your money. 100 bucks a Million is coming to a theatre near you!
It might tic up a notch, but theres nothing to hold it. Its only the MM's milking the small money. We've already hit the iceberg. Its just a matter of time before the last compartment floods.
At this rate, I'll be averaged to .0003 in no time!
GO CGFIA
The smart money will be
waiting until the pps approaches .0001.
May take a few weeks to get there. With no positive news, its a given.
Thats a million shares for a hundred bucks! plus commission , of course. Just be patient.
GO CGFIA!
paid, I agree that faith is
a beautiful thing. Let's all
hope we wont still be asking questions in February, or March.
So, until then, we can hope.
thanks for your insight.
glta
AK, I agree wholeheartedly,
except, a PR would be MORE than Nice!
And if the 10q is anything like past 10q's, it's hardly worth waiting for. If you look at past performance you'll see that pps doesnt do very well after a 10q. You can verify that by previous posting dates.
We NEED a PR, dammit!
Why cant our experts figure this out?
glta
Well, I was right about that
Loser. Whoever bought off him a few hours ago is ahead $1300 right now.
WOW! Someone just sold
13 million shares at .0010
that was BELOW the Bid!
Why would anyone do that? What a Loser!
Unbelievable.
GO CGFIA
gLTA
I dont wish for the
pps to drop. On the contrary, I would love the pps to
go straight up right now as I have enough shares to benefit handsomely . As Im sure many members do also. But we all know that wont happen anytime soon.
Im only saying to be prepared to aquire as much as possible when it gets down into that range or below again. I realize its only common sense, but at least its been said.
Also,regarding share prices, I can speak historically. The Winter months have Always been pps losers.
Anyone can look it up. Just thought Id save people the time.
GO CGFIA
glta
Burkhard, those numbers arent
completely accurate as I myself did average down considerably.
Dont forget, $30,000 x.03 is only 1 million shares. When down below .0009, an average can be dropped dramatically with considerably less investment. I mentioned this a while back in a previous post. If I can find the post#, I'll give it to you.
The current CGI pps is a Godsend to anyone who entered a few years ago. My Ideal goal is to be averaged somewher below .0015.
When the pps again goes below .0005, I will accumulate again. At the current rate things are going, along with the usual winter slowdown, it shouldnt take long.
glta