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The TA told me that the company is only allowing the TA to issue paper certs. They cannot electronicly transfer your shares to a broker. I asked CAM about that weeks ago. He was going to look into it, but I have not heard back.
Fidelity took my cprk certs. They had a restricted legend on them, but the restricted date had passed. They are taking care of getting the restriction removed for me. For no charge. The TA wanted like $75 to reissue new unrestricted certs to me.
FFF
Reg,
Fidelity will take your certs. I have deposited 3 CPRK certs with them in the last week.
FFF
In the interview Charles said it would be longer than a couple weeks, but less than a couple months - or something to that effect.
FFF
Stingray,
The comment made was that Pink Sheets does not require "audited" financials. But they do require financials.
Sounds good to me.
They had a press release last year that stated they had already tested the feasability of cementation. My guess is that the latest statement was just being cautious. Or perhaps they don't trust the previous study as it was done under the old mill engineer. But I have no facts to back this up.
Annually for the length of the contract.
RS,
CPRK was getting around .24 oz. of gold per ton of CuCon, not of ore.
I don't know the details or terms. I had heard that it was a 0% loan in exchange for the discounted mag. But I don't know if there is a set expiration date or if it continues until the money is paid back, etc.
FFF
CDL,
You wrote "Originally i heard the number they were shooting for was between 60-65% with a further 30% being extracted from the copper tailings by the SX/EW or cementation process. Therefore extracting about 90-95% of the copper in the ore."
I was given those same numbers and expectations. However, those were not met. If you listen to Webtime, they weren't even close. I think I remember Web stating they were only getting around 20-25% extraction. That is why they did the upgrades to the mill. (Webtime, can you expand on this?) If they had been getting close to 60% of the copper out, they wouldn't have needed to do the upgrades.
Web has been making some comments today that production appears to be going well. Perhaps he can shed some light on what kind of extraction the improved mill is getting. However, I doubt we are going to be at the 60-65% range, as the oxide ore is tough to float. And that is why I feel that getting the cementation process up is so critical. I believe that most of the copper will still be in the tailings and the cememtation should get most of that remaining copper out.
So in my mind, the floatation mill is to get out as much gold and silver as you can, along with some copper. But the real copper extraction is going to take place with a leaching process (cementation or SX/EW).
This is all IMO.
FFF
The $2200 number they used includes the copper, gold and silver, at today's prices in the CuCon. It is also using the copper, gold and silver content they were getting in the CuCon last year. They have just started up the mill again and I don't know if they have a good idea yet as to what the content will be after the mill upgrades. Hopefully, the number will turn out to be $2200 or higher.
FFF
The Massey contract is for 75K tons each year, not just the first year.
I have been told several times that the mag runs somewhere between 30-40% of the ore.
CPRK,
That goes back a long way, but I think I remember it being around $15 per ton.
FFF
Utah,
They are running 2500 tons of ore through the mill a day and 30-40% of that is magnetite. Charles is using 30% as the number in his calculations, so they get around 750 tons of magnetite per day.
FFF
Richard,
I can no longer stand to see Richard the REALLYBIGHAMMER as your tag line. I think I am more shocked by your 180 than I am by Webtimes. Anyway, if I see the hammer line again, I am going to have to put you ignore.
FFF
If you can't get the audio, this message just came up:
10:49 Stangftl: Apparently, the stream has maxxed-out. I've spoken with the producer, and he was a little shocked at the response. This should be available from the uStream archive shortly...
So we will have to listen to it after the fact. But I do like hearing that there was enough interest to max out their capacity.
Looks like we're going to need a bigger boat!
FFF
First things first. GET THE STOP SIGN REMOVED!!!!!! I don't believe any institutional investors will invest in a Pink Sheet with a stop sign. How could they ever justify doing that with other peoples money?
FFF
Moving from Pink to Nasdaq would do wonders for the credibility of the company. But right now we do not qualify for Nasdaq. For starters, they require a $4 stock price. You can review all the requirements here: http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf
FFF
MD had always said he would rather be the King of the Pinks and not move up to a larger exchange. But perhaps the new management have different thoughts about that. To answer your question, yes you can move up to a higher exchange. But then you need to be prepared to act like a real company and follow all the SEC reporting requirements. Also, you need to meet the higher exchange's criteria for acceptance.
FFF
Nice Catfish!
We have gone over 100M shares traded today and are up 20%.
FFF
There is an error in his valuation calculations and he posted a revised estimate after that. I don't recall now what metal price was in error, but he listed the $/ton as the $/# in that report.
FFF
There was a Hatch report done in April 2008. I don't know about 2005.
FFF
The new CEO is a large shareholder of the company stock. I believe that what is best for us will also be best for him.
FFF
CDL, I did that with Bill when CAM did an interview with him 6 months or so ago. And I followed up my email with a phone call and talked to Bill about the company and my questions before the interview happened. And most of the questions I gave him were discussed in the interview. So it will make a difference. I just don't have the time to do it today.
FFF
Yes, I can verify that. That is the Ted Davis that we announced as the new CFO.
FFF
Svalente,
AllyAustin told me how to post a picture here. Here is what she sent to me:
As for you uploading your picture, you can do it directly on Ihub and save it to be used whenever you wish, In order to do it yourself, do the following:
1. Click on "Other", top right.
2.Click on "add pictures to library", top middle of page.
3.Click on "browse" and find the picture you want.
4. Click on "Upload".
5. That will give you codes. Copy the "embedded code".
6. Use that code to set up your siggy.
The picture you upload will remain in your library until you want to use it again. Just let me know if you have any probs.
FFF
Fidelity will let you trade same day with personal check. They don't take cash. $7.95 per trade.
No molybdenum in the HT ore.
Richard,
No one is denying that Copper King has issued more shares and that that is dilution. We are contending that these shares are not being dumped into the market. They are being sold to individuals as restricted shares. See the post BMR just made about how he and another investor bought restricted shares directly from the company.
All in all, I think this topic has been beat to death. If you want to believe that they are being sold by a broker directly into the market, that is your choice. Between you and Ally enough has been presented here for everyone to make their own conclusions on this.
FFF
Fox,
I know you are out of posts for the day, but I am guessing you must mean David McMullin. I have never heard of a Davis McCallum in regards to Copper King. At least until the BOD meeting this week, the 4 BOD members that I knew of were MD, Marcus Southworth, Eric Barlow and David McMullin. And you can verify this in their filing with the Pink Sheets:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=29694
FFF
Here is the reply I received from CAM:
I'm not the least bit concerned since I don't believe that we deal with the same audience...Remember when you can trade BIG stocks with high volatility, "story" stocks suffer...When Big investors are worried about Macro-news, the story stocks tend to shine. At least that's my experience as both a 35 yr. broker and investor...CAM
FFF
The cementation process is in place to take the tailings from the floatation process and pull out the majority of the remaining copper from those tailings. It doesn't matter if it is oxide or sulfide, as I understand it.
FFF
Trav G,
My email to CAM was a suggestion to send a shareholder letter over the weekend to tell us why the PR won't be out until early Tues. morning, and then have it released before the market opens on Tuesday so that he can be forthcoming with information in his Tues. morning interview with Bill Chippas.
I have no idea if this is an issue or not, and I told CAM I just wanted to throw the idea out there. He is the expert on this stuff, not me.
FFF
Another investor just mentioned to me that he thought issuing the PR on Monday might be a mistake. With the Health Care vote schedule to be voted on this Sunday, he thinks a CPRK PR might get lost in all the Health Care discussions.
I sent an email to CAM asking him his opinion about that.
Any thoughts on that?
FFF
There is only 2 hours left in the trading day today. Save it for next week. We already have a good bump in price today. Release the PR on Monday, get another bump in price. Bill Chippas interview on Tuesay = another bump in price. Now you have the start of some momentum and with 3-4 straight days of pps gains to go along with the press coverage we should really start to get on a lot of investor's radar screens.
FFF
My son just lost his first tooth and got $5 for it. We should ask JIT if all the employees are now toothless. Perhaps they all "sold" their teeth to the tooth fairy to fund the startup.
OR, maybe they have some kind of a financing deal.
I know a lot of people who bought stock directly from the company, and they were not listed on the market trades. They were all direct placements. I do not know, but I doubt they are now dumping shares into the open market. If they are selling shares, I believe that they are direct placements of restricted shares.
FFF
I like the fact that they had exposure today, we will have a PR Fri. or Mon., and then another interview with Bill Chippas on Tuesday. This kind of repeated exposure will help us to build momentum with the stock.
FFF