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Give us the results of the ground at friggin least. Why would you even hold that. If they get no permit they are done, as stated, if they do then why not release how much gold is in the ground and get this party moving? I'm sure I'm not the only one wondering why it's been over a year, I think, and we get no underground test results we were promised a long time ago
260m shares again today and still Maxm sits there everyday. They must have billions and billions.
Very strange level 11. Etrade has its shares up at .0001 now. 72m today and 300m yesterday. I wonder when it goes back to .0002 if there will be a lot less to get through.
228 million buys at .0001 and still at no bid. It kinda freaks me out how much is hiding. Covering or not that's a lot of shares and all of this week to still be at no bid.
First time I've seen that here. I thought there was only a spread between .0001 and .0002. Maybe I can get some .0000's lol
I know it will change but how does a 4 million buy at .0001 happen when all my different level 11 show no bid and all .0002 ask?
Yes, even those 100 shares trades. Be glad when these days are behind us
Oh look it's about to go to no bid and then someone will show up showing 50 again. Like everyday
Someone slap the ask quick,,lol
Lol, usually your post rub my bad side but if this were Facebook I'd hit the like button..;)
Same trend everyday. It goes to no bid, the same MM shows 59 at ask and millions and millions are bought and nothing changes. We all know it wont hold .0002 anymore until something happens. Even when the ask is .0002 no one wants them because they know they can get them for half. This is my opinion and I'm not happy with all this delays over and over. The company should hires a GOOD lawyer and sue for the delays for all the money lost. I have a business and I would never sit back and let anyone cost me money without doing something about it. And I deal with county officials everyday. If they think their butts about to get it, they will cave in and work with you. And there is NO reason in the world we shouldn't have the ground test results. And there is NO reason to hold them from the investors unless they are not good. Where is the merger? Where are the test results. If they don't get a permit they say they are done, so at least give the test results and let us make a decision based on it....IMO
Anyone know why this is tanking so bad. Version had a good report and this is dropping fast?
Opps, too soon there is MAXM again showing 50 that's really millions and millions..;(
At this moment there is no bid and all .0002 ask.
Someone hit the .0002 button. I forgot what it looks like..lol
40 million bought and still at no bid plus yesterday. Started out at 5 mil at .0001 and 40m later no change. I bet they are holding billions IMO
They are hiding the real numbers. Every single trade for the last week only comes from the exchange "V" read my old post all about this crooked exchange.
No one is going to buy at .0002 because they know they will get .0001. Because of this, we will have billions to get through before this ever moves and until there is a permit we will probably stay at .0001. In the 10q it states if they don't get the permit they this time they are done. Thanks CGFIA for all your support to make your investors money. Give us something so this can move a little while we have our bank at the mercy of a permit, knowing if for any reason they Turn it down , our money is gone. Hell, just a nice Pr pumps would be nice..IMO
Form 10-Q for COLORADO GOLDFIELDS INC.
6-Apr-2012
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
This Form 10-Q may contain certain "forward-looking" statements as such term is defined in the private securities litigation reform act of 1995 and by the securities and exchange commission in its rules, regulations and releases, which represent the company's expectations or beliefs, including but not limited to, statements concerning the company's operations, economic performance, financial condition, growth and acquisition strategies, investments, and future operational plans. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "expect", "believe", "anticipate", "intent", "could", "estimate", "might", "plan", "predict" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, certain of which are beyond the company's control, and actual results may differ materially depending on a variety of important factors, including uncertainty related to acquisitions, governmental regulation, managing and maintaining growth, the operations of the company and its subsidiaries, volatility of stock price and any other factors discussed in this and other registrant filings with the securities and exchange commission. The company does not intend to undertake to update the information in this Form 10-Q if any forward-looking statement later turns out to be inaccurate.
This discussion addresses matters we consider important for an understanding of our financial condition and results of operations as of and for the three and six months ended February 29, 2012, as well as our future results. It consists of the following subsections:
? "Plan of Operation," which provides a brief summary of our consolidated results and financial position and the primary factors affecting those results, as well as a summary of our expectations for 2012;
? "Liquidity and Capital Resources," which contains a discussion of our cash flows and liquidity, investing activities and financing activities;
? "Results of Operations," which sets forth an analysis and comparison of the three and six months ended February 29, 2012 compared to the three and six months ended February 28, 2011;
? "Critical Accounting Policies," which provides an analysis of the accounting policies we consider critical because of their effect on the reported amounts of assets, liabilities, income and/or expenses in our financial statements and/or because they require difficult, subjective or complex judgments by our management; and
? "Recent Accounting Pronouncements," which summarizes recently published authoritative accounting guidance, how it might apply to us, and how it might affect our future results.
Plan of Operation
The following discussion updates our plan of operation for the foreseeable future. The discussion also summarizes the results of our operations for the three and six months ended February 29, 2012 and compares those results to the three and six months ended February 28, 2011.
During the second quarter of fiscal 2012, we continued to experience the negative effects of the financial markets upheaval, which made capital acquisition extremely difficult.
During the second quarter of fiscal 2012, we focused primarily on re-activation of the Pride of the West Mill (the "Mill"), primarily working towards amending the current reclamation permit, securing agreements for "custom" or "toll" milling, and seeking out new properties to acquire, explore and develop.
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Operations at the Pride of the West Mill:
During the second quarter of fiscal 2012, we completed revisions to our prior reclamation permit amendment application and on January 27, 2012 submitted the permit amendment application to the DRMS. The application was deemed "complete for filing" by the DRMS and a decision date was scheduled for May 1, 2012.
A key factor for re-activating the Mill is the disposal of tailings; that is, the material that remains after ore has been processed. Our original mill tailings disposal method was to move mill tailings (finely ground waste rock from which the valuable metals have been removed in the milling process) as a slurry, generally consisting of 15% solids and 85% water, to a closed, lined tailings pond. After the solids have settled and separated from the water, some of the process water is returned to the mill for re-use. The tailings pond is essentially a lake containing saturated mill tailings (liquid mud).
However, through the permit amendment process during fiscal years 2010 and 2011, and working with the Division of Reclamation Mining and Safety, we have learned that this method of tailings disposal has more challenges than originally anticipated.
In December 2010, the Colorado Division of Reclamation, Mining and Safety ("Division" or "DRMS"), accepted the parts of the amendment regarding the following.
? Mill building;
? Laboratory building;
? Ore stockpile area;
? Leach plant building;
? River protection dike;
? Procedures for custom or "toll" milling.
Since that time, we have developed a "dry stack" method of tailings disposal as part of a new permit amendment ("AM-03"), which was submitted on January 27, 2012.
According to Colorado law, the Company is required to "publish notice in a newspaper of general circulation once a week for four consecutive weeks." Further, the regulations require that the Company notify all owners of record of surface and mineral rights, holders of any recorded easements, and all owners of record of lands within 200 feet of the permit boundary and affected land via certified mail and submit proof of the notices prior to the decision date.
The Company began notice publications on February 9, 2012 in the Silverton Standard and the Miner and completed the publication requirement on March 1, 2012. Certified mail notices were completed on February 9, 2012. The comment period closed on March 21, 2012. The Division received four comments/objections during the comment period. As of the date of this report, it is uncertain whether any of the comments/objections will require a hearing before the Colorado Mined Land Reclamation Board.
As part of the Mill re-activation plan, we will be reclaiming the old tailings ponds on the property. That work is pursuant to a Technical Revision ("TR"), to the existing permit. On March 25, 2011 we filed Technical Revision 11 ("TR-11") with the DRMS. TR-11 was approved by the DRMS on June 27, 2011.
TR-11 consists of 8 work tasks that will commence immediately upon approval from the DRMS. The 8 tasks within TR-11 will address the closure of six test pits and two geotechnical drill holes located within the Upper and Lower Tailings Pond areas of the site and the relocation and final disposition of certain Waste Rock, initiates the final reclamation of the Mill Drain Pond, the Upper Tailings Pond and the Lower Tailings Pond. These were the major problem areas in the December 2010 permit amendment, and now are removed from the scope of the permit.
The first several tasks were completed during the summer of 2011; however, early snowfall caused suspension of the remaining work until spring 2012.
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We believe that this new permit amendment along with the extension of the Mill mortgage to July 1, 2012, will move the business plan forward.
Operations at the Utah & Uranium Claims:
On June 13, 2011, we purchased the Pay Day and Rage claims. These claim groups consist of 63 (55 Pay Day and 8 Rage) claims. The Pay Day claim group is located in Township 32 South, Range 24 East of the Salt Lake Meridian in Sections 26, 27, 34, and 35, in San Juan County northeast of Monticello, Utah. The Rage claim group spans Stevens Canyon on the southeast flank of the Seven Sisters Buttes in Township 33 South, Range 20 East of the Salt Lake Meridian in Section 33, San Juan County, Utah.
An initial internal analysis by Company president Lee R. Rice indicates that the historical information used by others did not account for all possible sources and additional potential resource at depth. For that reason, we have engaged Allan P. Juhas, Ph.D. in Economic Geology, University of Manitoba 1973, to undertake the preparation of an NI43-101 technical report based upon the Company's exploration plan and previous work that can be verified. Dr. Juhas has over 50 years' experience in a broad spectrum of precious metals and base metals geological pursuits. He is well recognized in the industry, and prepares a number of NI43-101 reports each year.
We are in the process of constructing an N1431-01 compliant report to confirm and verify the value of these assets.
We acquired the properties in all stock transaction consisting of 125,000,000 shares of 1-year restricted Class A Common Stock and 125,000,000 shares of 2-year restricted Class A Common Stock.
Operations at the Silver Wing Mine:
In anticipation of our final acquisition of the Silver Wing Mine, we submitted a Notice of Intent to Conduct Prospecting Activities for activities at the Silver Wing Mine. The application was approved on November 18, 2011. Prior to any work commencing on at the Silver Wing Mine, we will be required to post a $25,000 financial warranty with the DRMS for reclamation costs.
Activities to be completed under this initial approval of work at the Silver Wing Mine will include re-sampling key areas of the mine by taking approximately 250 channel samples to verify records of sample data taken by prior operators and consultants. In preparation for drilling, work will also include the verification of underground mine maps, evaluation of prior underground development work and the condition of existing workings. This information will be utilized to develop an on-going core drilling program and an initial mining plan.
The approval of this project is particularly significant because it allows for an investigation to be made to determine the source of the existing mine drainage of approximately 20 gallons per minute and evaluate the potential for controlling or eliminating this discharge with an underground grouting program which could avoid the need for a discharge permit. If it is determined that the discharge cannot be eliminated, then an evaluation will be made of what actions can be taken to minimize the discharge, and assuming a permit is required, what permit conditions would be most effective and appropriate for preventing discharges of pollutants into the Animas River.
As of the date of this report, we are awaiting improved weather conditions so the work may be commenced.
Operations at the Brooklyn Mine:
We completed the 2011 exploration plan on the Brooklyn Mine during first quarter of fiscal 2012 and prepared samples during the second quarter of fiscal 2012. 178 samples have been prepared and boxed for shipment to Reno, Nevada for sample preparation. The samples will then be forwarded to a certified laboratory in Canada for analysis. 164 samples will be analyzed for geochemical components and 14 samples will be analyzed by fire assay for gold and silver.
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The overall goal of the exploration project was to confirm historic data on two major targets; including the sampling of the intersection of two veins, the Rainbow and the Gloucester. Historic sampling data indicates a probable zone of high grade gold in the intersection area. Sampling of this area has been completed. The Company is awaiting assay results.
The second major sampling project was geochemical sampling of the property. Soil and/or rock chip samples on a grid system with sample lines 125 meters apart and 50 meters between sample points have been collected. The samples will be analyzed for the presence of 48 elements. The concentration of the 48 elements within the grid enables the Company's geologists to determine the shape and course of known structures and to identify structures which are not visible from the surface.
In addition to gold and silver, previous studies in the area have identified a number of trace elements in the vicinity of orebodies. We will closely monitor the data for indications of economically important elements, which include the rare metals tellurium and indium and monazite, which are essential to many of today's green technologies. Tellurium is known to be present in Brooklyn Mine ores. Indium is known to be associated with zinc in the district.
Although very speculative, historic information has revealed enough to warrant study of a possible intrusive breccia pipe. The area surrounding the Brooklyn is known for high grade ores contained in these breccia pipes, which geologists call "spectacular." Previous investigations have shown that a number of veins radiate from the possible breccia zone. One short crosscut into the zone indicates that ore grade silver might extend to the perimeter of the zone. This prospective pipe is known as the Growler Pipe.
Upon completion of the geotechnical sample analysis, the diamond drilling plan will be prepared and application for drilling permits will be submitted to the state.
Operations at the King Solomon Mine:
We completed our 2011 exploration program on the King Solomon Mine during first quarter of 2012.
The land position surveys were completed and corner monuments were set for the King Solomon claims. Several original corners, first placed in the 1800s, were found and re-monumented, which verifies the claim locations. Specific survey control points were completed to establish and fix the location of the two principal mine portals relative to the claim boundaries and surface vein expressions.
Exploration teams entered and explored the underground workings, locating important vein structures, and taking ore samples from each. Underground workings also revealed areas that are ready to be mined along with those that will require re-habilitation and timbering.
Most importantly, sufficient data was collected to begin the construction of the 3-D model of the mine; the most efficient way to develop the surface and underground diamond drilling exploration plan.
The King Solomon Mine is located on the southern flank of King Solomon Mountain, just a few hundred yards up the mountain from the first discovery of gold in the San Juan Mountains in Little Giant Basin.
As of the date of this report, we are awaiting improved weather conditions so the work may be commenced.
Planned Acquisitions:
On October 20, 2011 we entered into a non-binding Memorandum of Understanding ("MOU"), with American Sierra Gold Corp ("American Sierra"). The MOU, which provides for customary due diligence, intends to make American Sierra a wholly owned subsidiary of Colorado Goldfields Inc. Existing shareholders of American Sierra will receive a ratio of Colorado Goldfields Class A shares in exchange for their American Sierra shares.
American Sierra Gold Corp. incorporated in Nevada on January 30, 2007. They are focused on the acquisition, exploration, development, mining, and production of precious metals, with emphasis on gold and silver. The Company's plan of operation is to conduct mineral exploration activities in order to assess whether the sites possesses mineral deposits of gold or other precious metals in commercial quantities, capable of commercial extraction. The MOU originally set February 29, 2012 as the date by which the transaction shall be completed. On February 16, 2012, the date was extended to August 31, 2012.
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Weather conditions in San Juan County, Colorado vary by season. During the winter season our activities are concentrated on analysis, planning, and development of properties in more temperate climates. Surface drilling and property exploration in San Juan County can reasonably take place between May and late October. Of course underground operations continue year-round.
Our plan of operation for fiscal 2012 is to: 1) complete all necessary permitting requirements, 2) bring the Mill into operation, 3) continue seeking funding for our operations and mining exploration program, and 4) commence custom/toll milling of ore from the companies that have entered into preliminary purchase orders with us and from our own mines.
Liquidity and Capital Resources
We were formed in early 2004 and have had limited activity until our acquisition of the option to acquire interests in the San Juan Properties. Since we have received no revenue from the production of gold or other metals, we have relied on funds received in connection with our equity and debt offerings to finance our ongoing operations. 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. The Company has a working capital deficit of $2,875,778 at February 29, 2012; an incurred net loss of $2,439,740 for the six months ended February 29, 2012, and has incurred a deficit accumulated during the exploration stage of $21,643,988 for the period from February 11, 2004 (inception) through February 29, 2012. Accordingly, we have not generated cash flows from operations and have primarily relied upon advances from stockholders, promissory notes, advances from unrelated parties, and equity financing to fund our operations. These conditions (as indicated in the 2011 audit report of our Independent Registered Public Accounting Firm), raise substantial doubt about our ability to continue as a going concern.
We currently have minimal cash on hand. Accordingly, we do not have sufficient cash resources or current assets to pay our obligations, and we have been meeting many of our obligations through the issuance of our common stock to our employees, consultants and advisors as payment for goods and services. Considering the foregoing, we are dependent on additional financing to continue our operations and exploration efforts and, if warranted, to develop and commence mining operations. Our significant capital requirements for the foreseeable future include exploration commitments of $650,000 on our mining property options, payment of approximately $480,164 on a promissory note and accrued interest, which is collateralized by the Mill (due July 1, 2012), payment on notes payable to related parties including accrued interest totaling $329,667, re-activation expenses for the Mill, and our corporate overhead expenses.
We are actively seeking additional equity or debt financing, and have secured two sources of funding. However, there can be no assurance that the total funds required during the next twelve months or thereafter will be available from external sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force us to substantially curtail or cease operations and would, therefore, have a material adverse effect on our business. Further, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significantly dilutive effect on our existing shareholders. All of these factors have been exacerbated by the extremely unsettled credit and capital markets presently existing.
We are dependent upon the DRMS/MLRB, approving an amendment to the existing reclamation permit for the Mill. The amendment, if approved, would cure the current cease and desist order, which was issued in 2005, and allow the Mill to become operational. The permit amendment process is lengthy and complex. We submitted an amendment to our existing reclamation permit on January 27, 2012 and the DRMS has set May 1, 2012 as the date they plan to make their decision.
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Ultimately, should the Company not be able to obtain the approval of a new permit amendment, management anticipates that the Mill will be reclaimed and liquidated.
As of February 29, 2012, we had cash of approximately $5,700, other current assets of approximately $102,500 and current liabilities of approximately $2,984,000, resulting in a working capital deficit of approximately $2,876,000. We used cash of approximately $227,000 in operating activities for the six months ended February 29, 2012. Investing activities used cash of approximately $3,000 for the six months ended February 29, 2012, and financing activities was provided with cash of approximately $224,000 received primarily from the issuance of convertible debt.
Results of Operations
Three months ended February 29, 2012 Compared to the Three Months Ended February 28, 2011
For the three months ended February 29, 2012, we incurred a net loss of approximately $1,467,000 compared to a net loss of approximately $1,383,000 for the three months ended February 28, 2011.
For the three months ended February 29, 2012 and 2011, overall mineral property and exploration costs increased $26,000 to $145,000 from $119,000 for the same period last year. The increase was due to increased expenses related to the permit for the Mill and costs associated with additional supervisory management of the Mill and mineral properties.
Professional fees decreased $49,000 from $56,000 for the three months ended February 28, 2011 to $7,000 for the three months ended February 29, 2012. The decrease was due to reduced legal expenses related to the Hennis lawsuit. (See "Part II, Item 1. Legal Proceedings".)
General and administrative costs were approximately $776,000 and $672,000 for the three months ended February 29, 2012 and 2011, respectively; an increase of $104,000. The increase is due primarily to the specific reasons presented below.
Consulting expenses were $393,000 and $454,000 for the three months ended February 29, 2012 and 2011, respectively, a decrease of $61,000. The decrease is due to the reduced use of outside services for corporate communications, economic imaging, and an increase in the use of results based compensation for services rendered.
Salaries were $133,000 and $93,000 for the three months ended February 29, 2012 and 2011, respectively, an increase of $40,000. The increase is due to higher compensation pursuant to our executive compensation agreements entered into in July, 2011. All salaries are either accrued as an unpaid liability or, paid in the form of stock awards in lieu of cash, which are exempt under Rule 16b-3. Our Chief Executive Officer and Chief Financial Officer have forgone any cash compensation since September 2008. However, compensation for amounts owed pursuant to our executive employment agreements has been fully accrued as of February 29, 2012.
Filing fees and transfer agent fees were $37,000 and $9,000 for the three months ended February 29, 2012 and February 28, 2011 respectively. The $28,000 increase was due to filing fees in the state of Nevada associated with an increase of the number of authorized Class A Common Stock shares.
Bank and brokerage fees increased to $14,600 for the three months ended February 29, 2012 from $3,500 for the three months ended February 28, 2011. The increase was due to higher costs associated with transacting the Class A Common Stock shares of the Company.
Investor relations costs were $4,500 and $80,000 for the three months ended February 29, 2012 and February 28, 2011, respectively, a 94% decrease of $75,500. The decrease was due to decreased radio media presence.
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Licenses and Permit fees increased to $4,700 from zero for the three months ended February 29, 2012 and February 28, 2011, respectively. The increase was due the required filing fee associated with the permit amendment application for the Mill.
Interest expense was $266,000 and $324,000 for the three months ended February 29, 2012 and 2011, respectively. The decrease of $58,000 is primarily related to the required accounting treatment of convertible debt derivative liabilities and the amortization of debt discounts.
Six months ended February 29, 2012 Compared to the Six Months Ended February 28, 2011
For the six months ended February 29, 2012, we incurred a net loss of approximately $2,440,000 compared to a net loss of approximately $2,770,000 for the six months ended February 28, 2011.
For the six months ended February 29, 2012 and February 28, 2011, overall mineral property and exploration costs increased $83,000 to $333,000 from $250,000 for the same period last year. The increase was due to increased expenses related to the permit for the Mill and costs associated with additional supervisory management of the Mill and mineral properties.
Professional fees decreased $45,000 from $171,000 for the six months ended February 28, 2011 to $126,000 for the six months ended February 29, 2012. The decrease was due to reduced legal expenses related to the Hennis lawsuit. (See "Part II, Item 1. Legal Proceedings".)
General and administrative costs were approximately $1,000,000 and $1,200,000 for the six months ended February 29, 2012 and February 28,2011, respectively; a decrease of $200,000. The decrease is due primarily to the specific reasons presented below.
Consulting expenses were $524,000 and $653,000 for the six months ended February 29, 2012 and February 28, 2011, respectively, a decrease of $129,000. The decrease is due to the reduced use of outside services for corporate communications, economic imaging, and an increase in the use of results based compensation for services rendered.
Salaries were $244,000 and $186,000 for the six months ended February 29, 2012 and February 28, 2011, respectively, an increase of $58,000. The increase is due to higher compensation pursuant to our executive compensation agreements entered into in July, 2011. All salaries are either accrued as an unpaid liability or, paid in the form of stock awards in lieu of cash, which are exempt under Rule 16b-3. Our Chief Executive Officer and Chief Financial Officer have forgone any cash compensation since September 2008. However, compensation for amounts owed pursuant to our executive employment agreements has been fully accrued as of February 29, 2012.
Filing fees and transfer agent fees were $41,000 and $16,000 for the six months ended February 29, 2012 and February 28, 2011 respectively. The $25,000 increase was due to filing fees in the state of Nevada associated with an increase of the number of authorized Class A Common Stock shares.
Bank and brokerage fees increased to $21,600 for the six months ended February 29, 2012 from $16,000 for the six months ended February 28, 2011. The increase was due to higher costs associated with transacting the Class A Common Stock shares of the Company.
Right now while we're at no bid and now pushed even further on dates would be the right time. People are getting really tired of buying without any info on those subjects. If they came out with favorable results the stock would start moving so that when the permit is good the stock would run. IMO
Doesn't anyone here wonder why CGFIA isn't putting out anything on any of these subjects? Where is the results from the test in the ground. If they were good and they released it, it would get this thing running until the hearing. IMO. The last thing they put out was they got Amp ( which didn't happen and with no explanation. Many many months ago we were suppose to get results from the test but never have they release any of it ( which you know they have gotten because that was what, 8 months ago. They can't be to busy not to tell us anything, they get their money from us the investors. I've been in this a year and have heard the results were coming, that a merger was taking place, that the permit would be lifted, that the designs would only take a month because their designer was out of the country for a few weeks. They can't be holding the results for 8 months now. I've stuck with this company but I sure don't think everything is good. I don't like when something is suppose to happen and it never does with no explanation what so ever. I'm not talking about this new BS, I'm talking about the last year. We deserve some answers.IMO
Half a billion shares gone at .0001 and still almost a billion left on the ask at .0002. So I'm guessing there are still several billion left for .0001. I'm excited about how close we are but I'm not going to ignore the fact that billion and billions keep popping up out of thin air. Everyone knows this but it isn't talked about much. What's going to happen when it hits .0003? My guess is everyone is going to dump a chunk of what they bought to double their money and if that's many billions it could get real messy.where are all these billions upon billions I see showing up daily coming from? We are at a half billion in .0001's in trade today and it's not like it came off the .0002 ask amount. And the .0001's never ever stop. How frustrating.
26 million in black sold now and both sides still the same, I'm going to put in a 10m at .0001 and see what happens
Something is up for sure bid and ask the same which can't be, "V" is selling or buying .0001's and nothing is changing, they are showing up in black instead of red or green but I can see it on etrade pro. Anyone take a guess?
How is etrade on the bid at .0001 @ 50 and maxim is on the ask @ .0001 @ 50. Would that be a wash?
All the buys and the bid goes up, I understand that but why does the ask keep going up, another 125million up and counting hmmmm. Let's go CGFIA
Does anyone have a buy order in at .0002? Just wondering if there aren't any in or they just aren't filling them
Is everyone done with buying at one or are they just not filling the orders?
Anyone have any info on this company. I'm currently loosing my but
I use to think that. Every time we got close to .0003 this kind of thing happens. Earlier someone posted about why buy at .0002 when you can get ones now. It does seem logical. If there weren't almost a billion shares at .0002 I would agree to buy. The reason I don't anymore is from past experiences here. We chew through 900 million shares and somehow there ends up being 100's of millions more. I'm sure it won't be that way as soon as we hear really good news. I get frustrated because months and months ago we were suppose to get the ground results and never did, there was suppose to be a merger that I did not understand, yet it didn't happen and no explanation on it, did the mill get paid for? With so much going on and so close shouldn't there be some release of news as we build up and get closer? It would share help to be attracting buyers now so that when the permit gets released we can take off fast. I have high hopes like everyone else but I do wonder why we never got the results of the underground. People say because he is waiting to do it all at once but that's not a good plan. Results,( good results) would get this thing moving and then approval would send it way up. This is all just my opinion and I am all in for CGFIA but they need to start releasing some PR's now
It does matter, where did 350 million come from? If there was 900 million on the ask and 50 million on the bid, then after 350 million shares there shouldn't be 600 million left on the ask at .0002 right? If they 900 million is still there then that tells me that there is many many more that are still not showing. At the end of the day does anyone know how many .0002's were on the ask? Did it go down or stay the same?
I missed it today, how did 350 million get sold at .0001? Did it come off the .0002 ask?
There are more shares on the ask now then were on the ask and bid combined. I know not everyone who got ones put them back up for sale at .0002 so it tells me that there are many more they are not showing. IMO. I can't believe this crap is still going on
About 100 million but it keeps changing
Yes, all the .0001's yesterday was from them and so were the small .ooo2's. Its very strange that on all my stocks on etrade pro, every trade comes from different exchanges but all CGFIA trades ALL come from one place "V" I haven't seen them come from anywhere else. I don't understand it. Even etrade has all those shares showing on there but when they are bought or sold its not showing its coming from them. Any idea why that would be?
All of the 100 million .0001's came across as a buy for the first time on ihub and on etrade pro? Why are they showing as a buy on two different platforms. Please don't say because someone bought them, lol. They alway come across as a sell before
Well I'm saying it because it has always said strong sell and now buy. I know it changes but it never change from a stong sell until now, anything in a positive is the right direction
On bar chart.com CGFIA is now a buy instead of strong sell
Ihub show 553 million on the ask and etrade pro shows 891million on the ask. Etrade pro also isn't show that second sale at .0001 and then the .0002 sell came from V also. I don't know if this means anything but it seems strange
For the record, V just did that .13 cent sell again