What didn't work?

I made it just in time.

So there was a P&D, (sorry, promotion)on 9/21 and 9/28. Thats over 900 million shares traded on those two days.

Sound right?

Lt.

567: have you found it yet?

Lt.

Who is/are the Investor Relations Firm hired to promote the stock? IHUB?

Lt.

TruBud1: We appear to have similar opinions. On the one hand Guyer's 12/2010 MLRB behavior indicated his frustration and a real desire to get the mill up & running. I am referring here to his outburst at the end of the meeting. On the other hand, I do not see his efforts over the last year to be significant toward generating those revenues. I'd be putting ALL my resources toward this end.

In any event, feel free to e-mail me at LtColombo@ymail.com. I'd like to discuss CGFIA as well as other matters with you.

Bell well.

Lt.

My sincere apologies to you, Ruke. I meant no disrespect.

Lt.

Troger, You summed it up very well.

JMO

Lt.

In the business world, it's all about making money (generating revenues)! That should be the primary goal. The company has a negative net worth and supposedly contracts to mill ore. They should be focusing on the bird in the hand and not the ones in bush (I'll explain that analogy as well if requested).

I know little about mining, however, I have an engineering degree and can think for myself. Either this management is inept or they are more interested in selling shares. As I said, based on the 2010 MLRB meeting, I don't know which is the case. Clearly, however, it is one or the other.

JMO

Lt

Ruke: "It's been 4 years and we have no operating mill. I don't understand why then, hasn't management concentrated on the one thing that would generate revenue then look to purchasing or leasing other claims? The cash cow is in the mill not the A/S.

IMO management has placed the emphasis on the the wrong syllable. They just aren't speaking english or english isn't their native language. Based on the 2010 MLRB meeting, it's hard to tell which is the case. I trust you're smart enough to understand this analagy."

Quite bluntly, Ruke, either the company is interested in generating revenues or they are interested in selling shares. I can't spell it out any better.

DO YOU GET IT NOW?

Lt.

Let me get this straight. You believe that CGFIA is trying to become a buyout target as opposed to trying to generate revenues?

While I don't have a copy of the most current 10Q, I do have the November 2010 10Q. CGFIA had net assets of -$475,185.

I just don't buy your thesis. It is frought with inconsistencies and unjustified logic.

JMO

Lt.

567: Thank you. It's been 4 years and we have no operating mill. I don't understand why then, hasn't management concentrated on the one thing that would generate revenue then look to purchasing or leasing other claims? The cash cow is in the mill not the A/S.

IMO management has placed the emphasis on the the wrong syllable. They just aren't speaking english or english isn't their native language. Based on the 2010 MLRB meeting, it's hard to tell which is the case. I trust you're smart enough to understand this analagy.

IMO this why the PPS is where it is.

Lt.

Good Morning, Dale. Since you're new here I'll give you some slack. The cease & desist order was issued by the MLRB in July of 2005. In March of 2009 CGFIA moved waste rock in violation of the cease & desist order. This and two possible other violations caused the increase in financial warranty of an additional $196,000.

Under a joint stipulation with the review board, CGFIA was supposed to submit a comprehensive permit ammendment by January 2010.

Here we are 6 years since the forced stop work and looking at next spring (7 years) to remove the cease & desist order.

I bought last year just before the MLRB meeting in December 2010, expecting a better outcome. While there is significant potential for CGFIA, I must admit that revenues are the key factor with any company and CGfIA management doesn't seem to be very focused on being able to generate any revenues. If they were, I would have expected to be ooperational by now.

JMO

Lt.

"The Capital Outlay alone would choke a herd of Horses." "I own another jr miner that has blown through $45M and still no production."

What you're saying is that you believe CGFIA will not get to production from the mill.

IMO that's why the PPS is where it is.

Lt.

Well said, Udaye. CGFIA can drill and test till the cows come home and still won't be making any money. Only thing (other than a well orchestrated pumping effort, like we saw today) that will move the PPS up is revenue generation. IMO the rest is pure BS.

JMO

Lt.

567 - Do you know if the conversion is done by the lender or required to be done by CGFIA?

What assets does CGFIA have that are worth buying? Leases and mortgaqges are about to run out and come due.

Lt.

Poog: I'm not sure how much is CGFIA & how much is IHUB. Not that it makes that much difference.

JMO

Lt.

"There is to much focus on the permit." Rightfully so, the permit is what is going to start generating revenues!

Lt.

When the permit is re-issued.

Lt.

The assumption in these calcs is that all of the potential is achieved in a single year. It will take many years to mine all of your estimated value.

JMO

Lt.

All the PR's and pumping this am and we're down to trip 2's. LOL.

JMO

Lt.

Out of the blue comes Wowza, Zigzag, Markss, Stockman, Untamed & Oxford. I've never seen their posts before and been here almost a year.

You're right 567, although it happens on both sides of the coin.

JMO

Lt.

You don't have to apologize for being human. Nothing taken personally.

Lt.

567 - Taking Wednesday & Thurs off from work? Good for you.

Lt.

MT: "The DRMS has been tasked with the job of making sure that this sort of disaster never happens again. That is why our friend Wally is such a pain in the a$$."

Did you listen to the December 2010 Board meeting with the DRMS? Guyer tried to make Wally look like an a$$. There is no love lost between Wally & Guyer. Wally would have been very pissed off and I'm sure the water hasn't all flowed under that bridge.

Guyer was really stupid in this regard. The smart people try to make their boss look good.

JMO

Lt.

I'm already in with 7 Million. I don't "invest" anymore than I'm willing to loose and I call it the way I see it. It's to the finish line or bust.

Lt.

Hinky: When all is said & done (permit reinstated) there will be 15 Billion shares outstanding. If your not calculating using 12B to 15B currently, you may want to start doing so.

I've said before and will again: The race is on and the finish line is the permit. The question is will CGFIA run out of $$$ before they get to the finish line? If they get to the finish you can certainly make some money getting in at this PPS. If they don't, there won't be any need for this Board any longer and you can kiss your investment good-bye.

JMO

Lt.

If you are just getting in now, what part of the share structure concerns you? They can't possibly increase the A/S anymore.
Just curious. TIA

Lt.

Cad: You are dreaming. One can not buy anything if one does not have the money or the credit (ability to pay money back) to buy it.

JMO

Lt.

I thought the same thing when I read that. Somin ain't write hear. LOL

Lt.

"Longer than anticipated" sounds about right to me.

Over: Nothing has changed except the PPS. The issues with the company remain the same: Can they get to the permit before they run out of $$$$?

If you believe the answer is yes then it's a great time to buy. If no, then sell. If maybe, then hold. I'm holding.

JMO

Lt.

P.S. I'm using 12B O/S in my current MC calculations.

567 - Its a far cry from posting fraudulant crap to opining Over's position that he won't put in an order at the ask.

Could you also give us a break?

Ya'll have a wonderful weekend and take some time to enjoy it. Life can be a lot shorter than what we assume it will be.

God Bless!

Lt.

Ficose - "I know it's hard to put into words sometimes what you mean - but since you're advertizing that this isn't the only stock you're working this strategy on, I suggest you GIS the keywords "short and distort" and then go to yeehaw have them explain it further. Bear in mind that those in another country have a hard time getting extradited over something like this. If they could care less about destroying what many have spent years to build - I doubt you'll feel any camaraderie when a lawyer is explaining that ignorance is no defense."

Please, give us a break. Total BS IMO.

Lt.

Sorry for the delayed response. Been busy for a change.

Thats a tough call. Obviously there will be a significant spike. I expect the spike to follow with about a 50% decline from the spike. It will sit there until CGFIA starts to report revenues.

History says CGFIA was valued at 60M when the cease & desist was ordered. That puts the pps at about $0.004 with the current A/S.

If the company is valued at 500M the pps would $0.033.

I would guess the spike to be somewhere between .004 and .01 after the permit is granted.

Of course, JMO

Lt.

File Not Found! From the title, however, what do you expect from a dictatorship.

Not to my knowledge.

Lt.

Of course Money won't be a problem AFTER the permit is reinstated. That's where the money race ends.

Lt.

DLC - This stock is going to bounce around. It's not going up until the POW permit is reinstated. Personally, I believe that won't happen until the spring, at the earliest.

Read the actual article from the newspaper in the sticky. You'll have to go to the paper's website to do so. It appears reclaimation on the ponds won't be completed for some time. I don't see the DRMS reinstating the permit until all the reclaimation is done or very, very, near done. I hope I'm wrong.

I still say the race is on. CGFIA will cross the finish line or will run out of money before they get there. Here is, in part, the answer to the big dumps.

JMO

Lt.