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Hi Burned,
I spoke with I.R. yesterday and nothing has changed as far as drilling or financing is concerned.I am out of town for one more week so if I need any answers I just call the guys at Investor Relations who speak with Jim Sikora every Friday.I feel good that the news will come out soon about drilling specifics. They have the money to get the job done and the rest is just going after the gold.There is no delay in drilling it will start soon and I expect good results since they have great surface samples,80 grams per ton is outstanding for these guys.
Make sure you have your shares when it starts to go up is all that matters.
GreyWolf rig #521 should be on site next week for the start of the drilling of the DB3 well in St. Mary Parrish in Louisiana.
It is October 13, 2006 at 10:30 am est. and I just got off the phone with investor relations for Tao Minerals.
Financing in 2 weeks.
Only 30,000 dollars to build road by locals to bring in drill.
The road will be completed at the end of this Month( October)
They have at least 140,000 dollars left over in their treasury after all that has been done.
Drilling will start between Nov. 15- Dec.1
Yes I have been buying at these levels.The reason for buying into this company is simple ,the gold has already been discovered there long ago and it is still being taken off the surface by local miners.Jim Sikora and Duncan Bain already know where their first drill site will be.Jim Sikora moved his family to Colombia so he must feel that this site is well worth the risk.
Three things to remember
1 Tao will have financing set in a few weeks.
2 The road that leads to the Golondrina site is almost finished at a small cost buy local construction people.
3 The drilling will start soon after .
If you have any questions call investor relations who by the way talk to Tao Minerals every week.
TAO MINERALS WILL DRILL FOR GOLD SOON BEFORE THE YEARS END.
Jim Sikora gives updates to investor relations and if you call them they will update you on Tao Minerals progress.
Burned, you are correct they will have about a half million dollars to drill with.I just got in from out of town and I spoke with investor relations who said that Jim Sikora told them today that the road that is being built for the drilling rig will be completed this month, and the rig will come in next.The great part of this is that the road only cost 30k which is unbelievable.It wont be long before the drilling starts.
Great post preceptor you are right on the money with the fact that people do not even know how great a company Falcon can become if and when they hit their first big target which is DB3.IR said that they talked to Fred Zasiski and he gave them some figures so they are starting to make money.
Time to put you on ignore.
The price per share is dirt cheap so pick up all you can before it moves up.Actually the pps should be at least a dollar in anticipation of the drilling stage coming in the very near future.
Remember that they have to have enough gold to warrant drilling for the rest of it.Tao Minerals feels that there is and is taking the steps to get get to the drilling stage. Yes they should keep you up to date but that costs money and I as an investor would rather wait a little longer and see what comes down the line.The cost of this is cheap compared to other countries,and Jim Sikora and Duncan Bain know this.I will wait until the end of this year and if they have not started the drilling stage then I will question my investment,but when it comes to gold if they drill and find that their is a ton then the price wiil sky rocket.Good Luck and be patient.If you have any quetions call the guys at investor relations because they are in contact with the company evey week.The road is all but done and the drill rig should be there soon.Good luck!
Falcon Gas will be profitable in the near future.
Gold today is back over $600.When one of the major gold co.gets Tao in their sites it is all over and 30 to 40 dollars a share is a nice profit.It will only take maybe 5 or 6 holes to find out what they have.
You are right on the money with your opinion.I talked to investor relations yesterday and asked them if they felt that Tao will start drilling before the end of the year and they said yes.Once Jim Sikora finishes the road into the Golondrina site then they can get the drill in .The money comes in when they say we have tons of high grade gold.If it is on the surface then it is usually below the surface.Remember they have been mining here forever and the gold has been very high grade,they just have not had anyone who has come in and pulled tons of it out and now Tao Minerals is very close to accomplishing that.
Tao Minerals has high grade gold on their property in Colombia.The question is how much?This companies share price should at least be a dollar considering that other junior gold co.who have average grade samples are in the mid 1 -2 dollar range.
If and When Tao Minerals drills a number of holes one of the big gold companies will make an offer assuming the gold tonnage is as high as they say it is.
Tao minerals should be announcing soon that they will be drilling the Golondrina property.They are sitting on some high grade gold and you know that one or more of the big gold companies already knows this.
Falcon gas will be drilling along with Petrogulf their DB3 well in a few weeks .If the project is a success they will be able to fund the rest of the wells in St.Marys Parrish which includes the Marge 3 well.Falcon has really done a nice job of teaming up with other well known companies.We should see some movement of their share price in the near future.
Tao minerals just dug two tunnels to see if these surface high grade gold samples that they have been trenching continue below the surface and it seems that they do.Once again Golondrina is full of gold now they plan on extracting it soon.
Tao minerals chief geologist Duncan Bain added a half million shares to his portfolio this week .I am sure he has a positive outlook for this companies future.The drilling of Golondrina can not be far off.
Taol just told the story ,they have high grade gold now in their tunnels that they just explored.It looks like the high grade gold is sitting below the surface of the golondrina project and they have not even started to do their drilling yet.
The pps will rise a lot higher than 2 dollars if they find out that they have a ton of high grade gold.The big gold companies always look to the jr. companies to do the dirty work and then buy them out .
They will be back if the samples are at least as good or better then the last ones ,remember the cost of this project is dirt cheap compared to oil or gas prospects ,people still think there is trouble in that area but it has been pretty stable for some time.
tao minerals feels that there is a lot of gold near the surface ,and once they decide to explore these sites with their diamond drilling bits they just may be right .People should not worry about charts and graphs ,the p.p.s. rises when they tell you the grade and tonage of the find.
Results should come out Monday or Tuesday and TAO MINERALS is probably looking to mine all three prospects .
Trenching results for tao minerals will be out next week
Falcon has contracted Greywolf to drill DB3 which should start around the first two weeks of October.The rig number is 521 which can be found under GreyWolfs website.The rig can go to 25000 feet so that should be enough to reach the gas.Petrogulf will be the operator of the well.