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That's what my DD says as well...
Charles said the problem was with RBS, not us!
RDG - all good questions
1) We are trying to establish a full time buyer based on an interim agreement, so I can only assume we are sending them the best of what we have produced. Charles might not know the %'s and might not care. The more pertinent question here is, "what does the interim agreement mandate?"
2) As documented in my conversations with Charles, the 475 tons we shipped was from stockpile, so I can't answer if it was returned stockpile or new stockpile. He did mention that the new floatation cells along with the holidays had the mill closed down.
3) Answered in 2 until the mill comes back online, which someone just posted Charles was checking into.
4) What definitive news (I assume you mean positive) are you referring to?
Interesting...well, read over my Q&A with him and see if I am not asking the "tough" question. I want to know the truth as much as everyone else.
What questions are you asking him that he isn't answering? Please post specifics so we can all interpret his lack of response to your questions....thanks!
Q&A with Charles Moskowitz
(sorry this is conversational, but it is what it is...enjoy):
On Tue, Jan 5, 2010 at 10:47 AM, Brian Rubick <brian.rubick@gmail.com> wrote:
Hey Charles,
How was your New Year? I hope you had a good celebration!
Just checking in to see if you feel good about a PR being issued this week.
Couple Questions:
1) Do we need a buyer with smelter priority to be viable?
2) Does the answer to #1 dictate the chances of reaching an agreement with LTF?
3) How close are we on talks with a buyer and LTF?
4) How will the tough winter affect mine production and profits?
5) How is the new lead engineer fitting in? Does he have everyone's support? I can't remember who was let go, but make sure the website is updated to reflect the new leadership. I know the website doesn't get much attention or love, but it is the face of the company at this point.
Brian:
The new interim buyer (we shipped 475 tons in the last 2 1/2 weeks) does have the priority for us...We have several deal proposals for the financing and while everyone assumes the worst, that we have a drop-dead date, it is not strictly true. Our lien holders are not institutional, and have had the foreclosure remedy for the past 2 years, they are also equity owners. I would doubt that they would hurt their equity holdings by making foreclosure an issue.
The new engineer has gotten rave reviews...
Thanks for your continued support...
CAM
On Thu, Jan 7, 2010 at 6:55 PM, Brian Rubick <brian.rubick@gmail.com> wrote:
Charles,
Thank you very much for the great news. I will continue to keep hope that this round of relationships and partnerships hold. I have always been very optimistic of CPRK ever since visiting the Mill in Nov. 08 and you know where we were at that point. I am very happy to hear we are shipping tonnage and that we have priority. I will keep a level head about me through these developments and keep faith that MD and the rest of leadership has us shareholders in their best interests.
Do you have any clue when MD will allow the PR regarding this information to hit the airwaves? Is he keeping an even closer stranglehold on this given that the last relationship fizzled?
On top of the 475 tons, are we sending regular shipments to this new buyer or was this simply stockpile? Is the mill currently operational? Were there major changes ordered upon the new mill engineer coming on board?
Thanks Charles!
Brian
Brian:
Mark will allow a PR as soon as we have FINALIZED our agreements...
The shipments were from existing stockpile based on our "interim" agreement...again, as soon as we finalize the LT agreement we will say so. My understanding is that the Mill is operating and all I know about the new manager is that everyone who has seen or met with him gives a rave review..
Charles
On Thu, Jan 7, 2010 at 8:03 PM, Brian Rubick <brian.rubick@gmail.com> wrote:
Charles,
So, MD is waiting for the LT financing agreement to be FINALIZED before announcing that we have shipped an additional 475 tons or is that yet another agreement that is pending. I guess my question is will the next PR cover both or will a PR statement be issued once either or is final. Are you buying as much as you can given the share price and how close these agreements are to final or are you waiting for INK before further purchase?
Brian
Brian
Not what I said...The interim agreement is for selling con...We are waiting to finalize the LT PURCHASE agreement before we announce who we sold to, and that we will be selling to them for the LT....NOTHING to do with Financing...Unfortunately, I have the majority of my stock at Etrade, and am looking to open a new account for further purchases...
CAM
On Fri, Jan 8, 2010 at 1:29 PM, Brian Rubick <brian.rubick@gmail.com> wrote:
Hey Charles,
Sorry for the confusion. It was based on this, "We have several deal proposals for the financing and while everyone assumes the worst, that we have a drop-dead date, it is not strictly true. Our lien holders are not institutional, and have had the foreclosure remedy for the past 2 years, they are also equity owners. I would doubt that they would hurt their equity holdings by making foreclosure an issue." I have always heard on the board that the drop dead date was based on short term financing and looming bankruptcy. Aren't lein holders short term financers? What would these people have to do with the CuCon contract? The CuCon contract would be the catalyst for keeping them at bay, but that's where my confusion was created. Where are the conversations in terms of long term financing? What pieces from a mill/production perspective need to be in place before anyone will give us better interest rates?
Obviously I am all wet here with connecting dots that don't connect, but in regards to the CuCon contract. What financing would need to be worked out? Are you referring to the contract's value and what we get paid for each truckload? I guess I don't think of that as financing, but payment.
Please set me straight when you get a chance. And by the way, I want you to know that any information you share with me is not going to be posted on the CPRK boards. Those people are going to have stokes with the way they live and die by each PR statement and the inability to shut off their computers and just wait.
Thanks!
Brian
Brian:
The financing is the ST and LT issue...nothing to do with concentrate sales...The final negotiations on the con sales have nothing to do with prices...all prices are based on 30 day averages...I'm sure it has more to do with quality control and scheduling...
As I said, the lien holders are individuals and are also invested on the EQUITY side, so a foreclosure on the drop dead date would harm them on the equity side... I would guess it will be extended.....
And frankly, I have no issue with you posting the content of our call...I didn't tell you anything I wouldn't tell any investor who took the time to call and ask me direct questions...
CAM
On Fri, Jan 8, 2010 at 3:02 PM, Brian Rubick <brian.rubick@gmail.com> wrote:
CAM,
When you get a chance, can you please clarify the ST and LT issue for me. What is our current ST situation? When do our loans mature? I heard from the message board that LT was in town before the holidays, but haven't really logged on since. Do you believe that securing LT is the biggest remaining hurdle for CPRK to start becoming transparent and move to a more established exchange? How is the paperwork regarding transparency coming along?
B
Brian:
The short term side is included in the total debt, and the Company is trying to take care of BOTH with the LTF....I believe that the ST issue is really not as important as some make it out to be.....Most of those folks are folks, not institutions...and they have had the foreclosure remedy for 2 years...they are also equity holders and would hurt themselves by making the stock decline...
I do believe that we are getting close to a LTF deal that would facilitate elimination of short and longterm obligations and be serviced by our ability to run the mill along with the prospective new LT buyer of our concentrate.
The fully reporting status is still $200,000 and 45-60 days away, although we could become "Pinksheets" compliant in probably less than 30 days and for a lot less money..
I hope this answers your questions...if not, just send them along or call...
Charles
Hey Charles,
Hope you're having a great week. Thought of a couple more quick questions.
1) There were rumors on the board about some vote to take the company private. I know RDG said he got a straight answer from you that this is not true, but I am checking myself. Was there even a story or talk about this?
No going private has been discussed by BOD..
2) Are there any lingering effects from our failed agreement with RBS Sempra that CPRK is on the hook for? I want to make sure I understand the past as much as the future.
No, we are replacing them...they failed, not us.
3) Do you have a gut feel on when the LT CuCon interim agreement will be finalized?
In the relative short term.
4) You mentioned that we shipped 475 tons of CuCon for the interim agreement. Is that the total number that the interim agreement will be based on or are we continuing to truck additional loads?
The 475 was already shipped under the interim agreement. We are not shipping right now since the mill was down during Xmas-new years and we are installing the additional floatation cells now.
5) When is the next Bill Chippas Show?
Whenever I want it...I'm awaiting "meaningful info" before I do it...
6) What's your gut telling you?
I'm long and staying that way...
Thanks,
Brian
I couldn't agree more.
We all want CPRK to work more efficiently in getting us information, so how about we look in the mirror and do that ourselves.
We need a Sticky thread or another way to bundle questions and pose them for Charles. We could send them as soon as we feel we have a list of questions that are pertinent to be answered. However, we would need a moderator for this to keep it organized.
It would be best if we setup a Blog to track the Q&A so we aren't all constantly searching for what has been asked and what hasn't. Is anyone willing to signup to be the moderator of this? I would, but I simply don't log on enough and would fall short of my responsibilities to the group.
VVV
There we go!! See, CAM just isn't using his CAM@copperkingmining.com email address. Everyone use his charles.moskowitz@gmail.com address if you want answers!
There was a pretty big response to my post yesterday, so instead of asking everyone for their email addresses (I can't send private messages), I'll put the Q&A together and post it here so EVERYONE can see. I want to make sure this information goes as far as it can to dispell some of the rumors that have surfaced.
As I mentioned, I haven't been reading the board or keeping up with the conspiracy theorists, so please let me know the latest so I can keep this dialog going. I'll be happy to ask CAM anything and everything. But, if it isn't me doing the asking, then please post your Q&A.
I will put mine together right now and post in a few minutes.
Hey Ken,
I have heard through responses that RDG and Farmboynate are not getting a response to emails sent to CM. I think I know why.
The first chain of Q&A I had with CAM, I sent to both email addresses (CPRK & Gmail) I have for him. Well, at some point I sent him a message to only his CPRK email address and that was the only one that wasn't answered immediately! I think he gets enough email through his Gmail account that he isn't checking his CPRK email account, at least not regularly.
As soon as I realized this (<24 hours) I quickly sent the same email to his gmail. Got a response right away! I know this might be a further frustration with CAM, but use his Gmail address and you'll get a response right away.
Peace,
VVV
Hey CPRK'ers,
It's been a while, hope everyone is doing well!
For the past several weeks I have been communicating with CAM regularly regarding all sorts of CPRK issues and reporting that information to the group I got to invest. What I have found is exactly what RDG has said so many times, CPRK will answer your questions! Charles is very open to any question and I feel I am getting as straightforward of an answer as he has at the time I ask. I highly encourage all CPRK'ers to do the same!
I don't have time or care to read back through weeks of messages and figure out which of my questions to Charles have already been discussed, but if you have any interest in what I have asked him, send me a private message and I will share.
One nugget: As RDG reported months ago, there never has been any talk among the BOD to take the company private.
Also, I would love a list of the current doom and gloom to ask him about as well.
Peace,
VVV
My response to both posts would be that CM is simply trying to answer questions from investors as quickly and honestly as he can. He has said as much, many times in his "messages to investors".
If he told JIT this information, I trust that it's not hearsay from CM and that he is allowed to share this before the public knows. If you have been on this board for a while you would know that calling and talking directly to the company is the best way to do solid DD and come to your own conclusions. JIT did just that.
I can only assume this is information yet to be released in a PR statement. I also assume the PR was not released because they were hoping to announce the LTF agreement and it didn't come to fruition in the time they promised to us. But, they are holding off for a huge splash that hopefully changes the game. IMO.
Have a great weekend!
Even better. It just depends on how long it's been since they shipped. If that's a whole months worth, we are short, if that is a weeks worth, horray!!
I am not sure what your personality is, but please rock the boat and ask MD the tough questions. His responses are all we can trust and go off of. Your time with him is as close as you and any of us will get to full reporting in the near future. If he'll share financials with you, great. If not, demand it. If not, yet another DD data point for us to digest and assess risk.
Sorry for the straightforward and pushy post, but there is no better opportunity to understand CPRK inside and out than from the mastermind. He seems like a very open man from past videos and I am sure he'll share individually more than he's willing to share publicly, imo. Hopefully by the time of your visit this will all be moot, but I doubt it :).
Have a great time and stay warm. It gets nasty cold there this time of year!
My last buy was 11/17 and I have not received an email explaining anything. Is this something you requested? Maybe they only send it to the "whales", not the "small investors" :)
ATC,
From what I understand, MD is the one who authorizes any and all communication. Meaning, Charles could have had every intention, and might even have been told to release a PR this week, only to have MD say No. You never know if CM is at fault or if it is out of his control. More frustration...
I am hoping for the best and the delay in getting this out is either to release more information at the same time or to announce something huge. Dreams, dreams, dreams!
VVV
RDG,
As I mentioned, I agree with your frustration. The inability to meet a deliverable as simple as a PR statement, over the course of an entire week, is inexcusable. But, what can we do. The fact of the matter is this PR will not change the momentum the mill is or is not sustaining, only the pps. If that lags a couple days, I am not OK with it, but willing to accept it. As investors, we can either continue to be very frustrated by missed due dates and stew about it over a weekend. Or, we can continue to stay positive and believe, although poorly managed, our investment is headed in the right direction and a Monday PR will make for a great week.
It's your choice, but the main reason I have stepped away from reading this board regularly is that it wasn't making me any healthier. Micro internalizing issues I can only voice my displeasure of was ruining the potential feeling of euphoria on the other side.
Go out and buy yourself a bottle of Jamison or Baileys, release your frustrations and relax your feet, Saturday is going to be one hellova day of college football!!
Peace,
VVV
RDG,
I agree with your frustration, but in this case, I am OK waiting on a Monday PR. Early week PR's, assuming positive (I know I know), help short term momentum, but what I would like to see is sustainability of pps from these PR's. We all seem to think we know how the company gets there...time will tell.
I couldn't find any good posts from Farm on the ridiculous buys on 11/25? Was the verdict that MM's were swapping shares?
VVV
Someone must have gotten the number they wanted!
Now go up CPRK and let my .007 purchase feel like a good one :)
My order finally went through at .007. Over 2M now :)
Nate - Good luck clearing your money in time!
Has anyone had a buy go through at these lower dips? What I have witnessed in the past is that they will manipulate and get what they need, but won't fill our orders at the same pps?
First off, I'll admit I am optimist here, but 250 shipped tons would have breached contract and we would be finished. According to the PR on Sept. 30th, "The Company has delivered 75 tons of concentrate through today with two trucks carrying 50 additional tons to be delivered Thursday, October 1st." That's a total of 125 tons or half of what you are reading. That would mean that the entire month of October, they were only able to ship the remaining 125 tons. Can't be...
I went back and re-read it and still believe it to be 500 shipped to smelter with an additional 250 being produced and shipped. In this statement, "Copper King Mining Corporation is pleased to announce that it has completed production of in excess of 500 tons of concentrates from its Milford, Utah mill, and is presently preparing to ship another 250 tons of concentrate to the receiving smelter.", I have to assume they are considering "completed production" as the full cycle of milling through delivery. Let's face it, their PR department is pretty naive when it comes to wording being misinterpreted. Things could be much clearer.
But, let's look at the 700 tons you are willing to conceed to production. Actually, they are right on their numbers. What you forgot to account for was the 25 days the mill would not be running per year (340 days).
700 tons / (340/12=28) = 25 tons per day, which would equal the trucks going to the smelter with a little excess.
Now, this calculation is yet to show the increase in production we are all hoping for, but there's still ~2 months left of the soft start, right?
I still take this PR as a positive of them meeting their numbers and continuing to honor the agreement with Sempra. But I wonder how long the re-investments will hold down the pps.
Nice rally today!
Peace - VVV
Bravo CPRK...PR that doesn't over inflate or under inflate your previous PR! It's amazing how accurate a PR can be when they have machines controlling expectations and not optimistic estimates :). This spot on meeting of expectations has to hurt the skeptics beyond any other!
Couple Questions:
1) How long do you think the continued re-investment (which I whole heartedly agree with) into exploration and drilling campaigns will surpress the pps?
2) Is it more important for LTF to prove daily profit or lifelong potential? I assume a combination of both.
3) Does the dilution of copper in the concentrate to meet our agreement also dilute the gold and silver values and profits? If so, then your estimates might be a little high, but I love seeing the money flow in on better then expected levels!
4) What is "six-cell conventional cleaner bank to clean the concentrate and a six-cell rougher bank to re-filter the tails discharge line" and how does this affect output, processing times? Does this increase percentages captured? Is this something they knew they would have to install or is it feedback from the smelter/RBS Sempra?
5) The SW/EX processing is for the tailings, right? If we are refiltering this with the six-cell rougher bank, what's the impact on the new SW/EX process, once it comes online?
I will caveat all my questions with I have been away from the forum for quite some time, so please disregard what isn't relevant or already answered. However, pointing me to the answers would be very appreciated.
Peace - VVV
I wonder how long this little dip will last. I just freed up some more money last week to buy before it went up to .01. Now back to .0085. It will be an interesting open tomorrow morning. I am thinking .0075-.008 feels right for a rebound.
Read a post from last week by an investor who bought restricted shares and is now flipping those no longer restricted shares for current shares at a lower price. I can't remember his name, but this is probably what's driving the pps crazy.
I don't have a problem with it as it will allow my pps to average down. It's hell on the short term anxiety though, but as a long, you have to know that CPRK has built a successful mine/mill, has the pieces in place to grow, is profitable, and will make you smile in the coming months/years :).
If Cesar's thinks the pps will be worth .07/share w/out full reporting and LTF, just imagine what it will be worth when those two pieces are in place. Buy low when you can and you'll be rewarded in the end....imo.
Also, I think the board is dwindling because CPRK has produced enough solid fact that the investors are no longer shell shocked by potential loss. The negativity has moved on to some other poor stock that needs constant manipulation of mind and money :).
Peace - VVV
Awesome Yanik, welcome!! What part of the island do you want to furnish? I would have to look back at past posts to see what we still don't have, but bottomless beverages and an RN to give us all IV's every morning is a good start :).
Great video F18...thanks for continuing to share your DD!
Did I hear right that there were 5 screens and 3 backups for the last step? Is that the max we can add? Is that a major contributor to 3375 being the sweet spot?
i am dork, which is why your H2O2 comment is making me laugh. Took me a second, but that is pretty funny! Thanks for the laugh on top of the CPRK high!
Think about how "scheduled" and regulated the trucking world is these days. Remember back in the day when you could count on an 18 wheeler passing you on the freeway and using him as a rabbit? Those days are gone. Their schedules are so tight, there is no longer a bonus for getting there earlier, plus the laws on how much they drive has changed tremendously. If they say they have scheduled shipments going out Monday, they aren't just wasting the smelters time, they are paying for trucks and time they aren't using. As far as I know, CPRK hasn't bought the trucking assets, so this is yet another form of accountability they will be held to come Monday!
I bet there is a small parade in Milford for that first load :)
Really? Are you seriously taking that stance that "true investors" are nervous? Is that what 4x the daily volume says to you? I am very sorry that you didn't get out when the pps was low, but buy now and hold firm.
On2them,
In reply only to "Where is all that HT ore?", I am jumping into this question mid conversation, so I apologize if I am simplifing this too much or misrepresenting your question.
When we were out there in November, they had been blasting and mining the HT pit for months. When the dump trucks are filled, they drive the loads out of the pit and depending on if they have low or high grade ore, they dump it in one of two places. The low grade ore went over the side of a big hill, the way a landfill works. And, the high grade ore (where they let you take samples home) was piled about 20 feet to the other side of the low grade. Not sure if they have moved it since, but all this ore was about 1/2 to 1 mile from the mill. They were just stock piling it in anticipation of the mill's soft start.
I hope this answers your question and wasn't a waste of your time reading.
Honestly, I didn't even read that part because it started into the company backround section of the PR.
But, if you read it again, I think you'll agree that it doesn't mean either. I means that the max tonage per day the SW/EX mill, they are putting into production at some point soon, can handle is 5000 tons per day. Once the mill is up and running, the 5000 tons would define the raw ore weight, not the saleable product...IMO.
I don't expect to see a PR. How could you? Why would they put out a PR to tell you they shipped on Monday when they could wait 2 weeks to say they just shipped...j/k :)
I understand your take and feel you are being very level headed about this. But, my feeling is they won't put out a PR on Monday, reiterating Thursday and confirming what they expect investors to believe, nor do they need to. If they do or don't read the boards, I would be shocked and disappointed if I felt my investment was so weak that the company needs to put out a PR about scheduled shipments, then put out another PR to confirm and strengthen the previous PR.
If they felt investor confidence was so weak that they had to do that, then I am at a loss for what's next. You have to show confidence to expect investors to return that confidence and the only way to do that is to continue to meet and exceed expectations, even if that starts with this PR.
I agree with both of you. I like the PR today and I only dissected it because that's the level we are forced to play on if we want to counter Debbie Downer.
I like the fact that we have a schedule and even more importantly, not some shouter on a board trying to hold the company accountable, but a certified agreement with a reputable company.
I also agree that the mag numbers will help hold the value of this rally. I am sure there will be some short sellers on these numbers and hopefully as the price fluctuates on our way to LTF, we can pick up more and more shares. However, at 32 years old and almost $30K invested, I am tapped out and happy to let this run. But, there might be some other winners I could sell to buy more :).
Thank you local drunk at the American Legion! I need to find him and buy him a couple bottles!
Sorry to hear that flyingrobots. I don't agree with ABH or his Debbie Downer speach this time!
As we have all had our disappointments with "being long", based on CPRK's missed dates, lagging start, lack of PR's, I think this one will end that trend. Whether you love him or hate him, Mark nailed it with these comments:
"After previously commencing production operations at the mill, commencing the regular shipment of copper concentrate pursuant to the concentrate sale agreement represents the next major step in the progress of our project," said Mark Dotson, Copper King's CEO and President. "This signifies that we have achieved the successful operation of all of the major circuits in the mill for the production of commercial quantities of saleable copper concentrates on a regular basis. We now look forward to increasing production rates as well as to further exploration and potential development of the entire Milford Mineral Belt."
You can pick the Sept. 21st date apart all you want, but the lead mouth in this whole project is tied to his statements by an agreement, even he can't control.
- Pursuant to the concentrate sale agreement - Sempra will hold him accountable
- successful operation of all the major circuits - we know from this line that all the mills are up and running and the testing of each is complete and successful!!
- increasing production rates - this tells us that we have been very careful in our testing periods and ramp up in order to dial in production and limit mistakes along the way. They are now ready to move to the next step, which wouldn't be possible without regular shipments!!
Our next hurdle is long term financing. Once again, all you pundits will harp on the lack of information. Well, get used to it because if they aren't forthcoming with information about how close the mill was or the Sempra deal, you think they'll give you even a glimpse into the books????
Stay long my good friends and don't read the boards. It has done wonders for my life in the past few months and it looks like the board and myself are better for it! I got to the place I wanted to be with CPRK without pushing the Sell button once! Good luck everyone!
COPPER KING COMMENCES REGULAR SHIPMENTS OF COPPER CONCENTRATES;
DOUBLING OF MAGNETITE PRODUCTION ALSO EXPECTED
MILFORD, UT-- 09/17/09 - Copper King Mining Corporation (Pinksheets:CPRK) ("Copper King" or the "Company") and its wholly owned subsidiary, Western Utah Copper Company, are pleased to announce that they are scheduled to begin regular shipments of copper concentrate beginning September 21, 2009 to a receiving smelter pursuant to the Company’s concentrate sale agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC. The Company expects to initially ship one truck load per day, five days a week, gradually increasing to three trucks per day, five days a week. The Company also announces that it further expects to increase its magnetite production by as much as 100%, from the current level of approximately 2,000 tons every ten days to 4,000 tons of magnetite concentrate every ten days. Shipment of magnetite is currently by rail, while copper concentrate shipments will initially be by truck to a domestic receiving smelter.
"After previously commencing production operations at the mill, commencing the regular shipment of copper concentrate pursuant to the concentrate sale agreement represents the next major step in the progress of our project," said Mark Dotson, Copper King's CEO and President. "This signifies that we have achieved the successful operation of all of the major circuits in the mill for the production of commercial quantities of saleable copper concentrates on a regular basis. We now look forward to increasing production rates as well as to further exploration and potential development of the entire Milford Mineral Belt."
About Copper King
Copper King controls over 80,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact:
Contact
Investor Relations:
Charles A. Moskowitz
617-633-2259
CAM@Copperkingmining.com
Company URL: www.wuccompany.com
F18 -
I believe it does. I have been silent for a long time and not even reading the board to regain my sanity. However, when I emailed Charles earlier this week about confirming shares for my uncle, I got his out of office reply. I immediately emailed my uncle to buy at the bottom of this dip because I think it's the last one we'll see.
Theory is that when CM gets back from vacation, PTO, confirming final arrangements with RBS Sempra or whatever he's doing, on Tuesday, they will issue the PR we have all been waiting for. We have heard and seen enough from Colorado1's visit to know that the recent jump was speculation of profits. Patience runs out and it drops. Now someone posts a shipment to AZ and it jumps. Nothing is certain until that PR comes out. I believe they are working on it and they are positioning themselves to understand what it means to CPRK when this goes to .05 or .10. Eventually, they will be forced to spend tremendous amounts of money to buy back huge amounts of stock at 500% of today's price. I wonder if they will get to buying before releasing the PR to save the company millions! Regardless, this is a problem I would love to see!
I literally missed .008 this morning by a couple minutes. I sold off my MVL stock to raise this money, put in my order. It didn't fill for 5 minutes and then this mini run went into affect. I will be less pissed about missing the buy opportunity if my assumption is right. I sure hope it is!
Great luck to all! I firmly believe the PR that changes everything will come out early next week!
Peace-
VVV
Hammer, somehow I have a feeling you will enjoy helping all those new investors understand your slant on CPRK. Or, maybe you will surprise us all and change your tune. Isn't today D-day for short positions???
Thanks CDL...I recommend we get there and voice our stance before the manipulators do. Thanks for the DD and sharing. CPRK is starting to get known. Compliance at the end of the year might end up a bigger deal than any other outstanding issue.
I 100% agree! Not that I am happy to have to admit that since I have been promoting our perfect "island", but I am happy with .10 next year.
However, I do expect this to get to .02 by the end of the year. I think if most everyone was profiting from this venture, the immediate need for 10000% increases and millions would subside.
I asked him the LT question, but haven't received a response. Will post when I hear.
Here's my take on "soft start" vs. "hard start", and i'll use Google as my example.
Just recently, Google shed the "beta" tags from most of their applications that we have been using for years (gmail, calendar, docs, apps, etc). http://www.channelregister.co.uk/2009/07/07/gmail_apps_google_beta_removed/
This company's pps went through the roof in that time! They were able to stay nimble and agile with their products, changing them on people and trying new things since in "beta" or "soft start" mode, they can. According to this article, it looks like they had to remove the "beta" tag to be considered by large firms looking to use all online product suites.
With CPRK, it's different, but not really. They are using the soft start to iron out bottlenecks, flaws, equipment, processes, etc to achieve the most profitable concentrate producing process. I feel investors would be discouraged if they claimed a "hard start" and weren't able to produce saleable concentrate in a timely manner. This soft start will continue until they feel everything is "perfect".
I would tell all shareholders that as soon as regular shipments are reported, you can consider that the end of the soft start regardless of whether they announce it or not. Google had to or never would have. It gives your business model more flexibility if you can get away with it. Google was able to rope in billions of customers and have a fairly flawless "beta" running at the same time...amazing! CPRK doesn't have this luxury since it's not software, but they'll remove the label when the time is right. Probably when LT is achieved.
Hope this helps,
VVV
That was one discouraging thing from the radio show. As they were talking through the evaluation with the financial expert, CPRK never once mentioned the strategy of buying back shares to strengthen their position or any 4-5 year goal of reducing the 4B outstanding shares. We all hope it happens, but no dice...yet!
Maybe this was even too far of a future view for this radio show.