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What do you mean "no need to dig anything?" Of course you need to dig! There needs to be a 3D series of samples taken via core drilling to confirm the geo. Taking surface samples is absolutely useless because you have NO idea the full nature of the sample. You cannot determine anything relative to the surrounding geological makeup with this manner of sampling.
It appears to me there isn't even a fundamental understanding of geological sciences. No credible geologist would evaluate geology of an areas this way....none!
You have to figure that with 10 bn shares selling off at .0007 there's enough money to spread around.
Can't understand why the long shareholders can't see they are carrying all the debt. The company's at zero risk
Pathetic! Simply pathetic. Shareholders need to bond and force accountability. All the evidence is stacked against the company but if it gets reported to the SEC like FFGO and HGLC the shareholders are the ones who lose. These guys have never been held accountable
What's missing on these charts? Let's be realistic about this explosion your referring to. So again what's missing?......any guess? Try the new AS that's about to be announced. It's at least doubled! What's the updated OS? Just when the longs think they have all the shares gobbled up, forcing the MMs to cover at a higher price, the company raises the AS. Truth is, there's no shorting going on, the company has dumped all the shares, the previous updated OS proves those shares are accounted for (at 9.9 billion with the AS at 10 bn). The debt to share ratio is also NOT accounted for in the charts so what's the share value?
Simple math. Take the total company value, beginning with assets (they own)=0, let's be optimistic and add current income and available cash =0, subtotal=0, subtract debts, $19.5 mn, with an NPV of -$19.5 mn. Divide this into the share structure 10 bn. You do the rest with your share count and you'll see your real share value. It's in the neg for sure!
And you want to say this is about to take off? To where? It appears the company is more focused on giving bonus shares to bums who have lofty titles and do nothing than to preserve the pps. And this "value" the company it wants to "add" in its mission statement? When has it EVER been in the positive?
For once, I'd like to see the company give an account of what they did with the investment capital. I think if the shareholders bonded together and forced the company to disclose this information and allow their books to be opened, this would be an eye opener to the shareholders.
Ha! Long and strong my foot! Lame and strained!
All that property and no proof they have any gold or silver to produce. Makes you wonder what they're doing with investment money.
Show me link that this is even remotely true
The people that we're dragging the company down have been given the boot! I'd say that's good change.
It really is and it's shameful
Me? Warned? By who and for what? Bring it!
Lumb loves posts like this. He genuinely feels he's above shareholders and had no accountability to them. He's been quoted as such. So you know he has zero loyalty to shareholders either.
Expensive for longs who refuse to listen and end up getting stuck. Hate to see it, but in this case, they've been warned thoroughly
Just waiting on the PR that says they've increased the AS. Printing press has been hot lately. Couple of billion share trading days recently
Agreed. Him a failing stock, it's ALWAYS blamed on shorts
And you think FFGO is going to resuscitate? It's another Lumber! Why would he revive a dead dog? Oh, let me guess. To justify dumping more shares into the market. Maybe do a shell sale on paper, transfer the old leases and such. Let that old run over dog stay road kill.
Well let's see, yesterday started slow but it hit a billion shares...pps, didn't move...even though predictions in here said anywhere around .0024. Sadly, it didn't come close. Many were able to buy flipper shares and I hope they make money. The longs...it'll be a sad couple dates when the company announces they've more than doubled the AS. Then when it hits no bid.....the fat lady will sing...it'll be sad
Are you kidding? A billion shares trades in a day and train's not moving? Pps dropped into the 2's and with some luck made it back to the 4's.
What's the AS/OS at now?
Good job and glad your making $$$
He also advises on sludge funds like this one
You guys believe in Ted...write to Ted and in the Q1 fin due out, ask him to include the NPV of GNCP.
And the pps is now .0003...no speculation there
Nooooo that is solid DD and proof Lumb is at the head of the table
I'm happy for ya. I've always said this is a flippers dream and Lumb does give that!
Good choice
There has been plenty of evidence provided that I've been criticized for reporting. I've been threatened legally for reposting....check it out for yourself
Nonsense...complete nonsense
Not new to pennies. But know exactly how to do company valuation for risk. This one is the model profile of a scam. No value is equal to no assets and no revenue! Plain and simple
I've heard that it'll be at .0024 by January 1st of this year. Now it's January 79th and what's the pps? Oh yeah .0004! Yep, we have a soaring turkey ladies and gents...this one belongs in the Ringling Brothers lol
It'll fly as well as a turkey can fly.
Lumb has made good practice at dumping shares. He knows he has to sell at a certain price to keep other expenses like commissions down too and make more $$ off the shares. He also uses convertible debt (to himself) to sell off more shares and pay even less commission.
In HGLC's case it was hundreds of billions with an AS of 2 Trillion
Nooooo it's your company principles that are keeping the price down. How do you think they're able to sell off ALL the shares? In order for a pump n dump to work they have to be able to sell the shares
Yes and as I've stated earlier, the next dump will be the bogus reasoning to increase the AS to ore than double what it is now. Has the same affect of a R/S
Yes, but do you know your being set up with this new round of information to justify increasing the AS?
So I'll ask you if they more than double the AS will you stay a shareholder? The pps your working with now as an example, imagine one of the following if not both:
1. Increase the AS by double and your pps goes to 1/2 what it is now. What possible way is there to gain value with no revenue?
2. They increase the AS and offer div shares by 100%. Even if they offer div shares, the pps will be cut in half and you'd have to get a one to one to make up for it. Your OS would then be in the same condition it's in now. How does this gain value to the company or the shareholder?
Truth is with the condition the company's share structure's in now, with the OS and the AS being almost equal, coupled with the debt load it says it's carrying and NO current income, common sense dictates they have to more than double the AS! As I posted earlier, who carries the debt load if it's ALL leveraged by shares? The company isn't at risk, it has NO assets! Btw, what's the interest rate of these debts? Why isn't this disclosed?
Anyway, no revenues, no assets, leveraged by massive debt, equals NO VALUE!
There's nothing concrete in this message. Photos and 30 minute film to be posted on YouTube. The use of social media (probably Facebook) to keep its shareholder up to date in real time? Taking 112 surface samples? What about coring samples?
I don't know anything about their lab but I'll dig into it later. At this point gathering surface samples is not what I'd look for in a legit company for mining.
GL
If anything, from one shell to another. No reputable company would buy into a company with so much debt, leased properties, no assets....and 10bn OS
I don't see this going anywhere anytime soon. OS sitting at AS, AS is 10 Bn...my DD says they've applied to more than double the AS. Diluting a stock that's already diluted. The company has NO assets and a mountain of liabilities. How do you get value from that? They want people to invest in mines that have been picked over for more than 100 years...they closed for a reason, what good can they possibly be now? No new drilling that would prove there's any new finds.
The company hasn't fully disclosed it's relationships with people that have a really questionable history.
The debts the company have accumulated are questionable and highly suspect. The debt incurred is being paid by shares, which means the shareholders carry the debt. When the debt is converted and sold on the market, shareholders carry the load. The nature of shares in itself is a bent to the company, which is supposed to take that money and use it for the project....not pay bonuses. As you can see, it all is "dumped" on the shareholders.
Revenues. Looking at the company's mission statement, they really have no plan to obtain a revenue base to operate. They mention "building value" in this statement which in reality has no meaning. Investors need to use common sense. If an exploration company that has such a hot prospect project, banks would line up to finance the project in the hopes to be the lead bank throughout the operation's life cycle. If an operation cannot obtain conventional financing, the reality is it is not worth investing in. It is very high risk and the reality for ROI is less than 1%.
This company exhibits every type of financial risk to its investors. No revenues, no assets, "value" that has no measure, debt placed on the backs of shareholders and the company has nothing vested. The properties are leased and not owned, so if the company goes bust, the people over it have lost nothing.
Who loses? The people that carried everything from the beginning. They lose it all.
Hope this helps
Yes, Lowenthal Lumb and Blom...that's everyone
Exactly! Recycled assays are worthless. Taking sample from the surface from old mining activities is also worthless.
Hmmmm earlier it was .0024 today....looks like .0004