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Hammer, read post 27277. You can't get away that easy!
I don't buy it Jim. Hammer has constantly posted that the PR is full of misleading lies and mistruths. If we can't trust the direct contacts we have at CPRK or the PR, what are we supposed to believe. But that is his thoughts. I happen to trust the company and trust MD, just feel this is a very complex project that takes time and eventually will pay us all!! Unless some don't buy in!
I guess it will all come to fruition over time, no matter which way it works out.
Have a good night Hammer, I am going to the golf course!
Call again. Demand to speak with MD. When you do, ask him one simple question, "are you scheming to take this company private and screw all your shareholders". When he says "No", that will be concrete DD that will allow you to mark that one off your list. And if you have him on the phone, you might as well ask him all your other questions.
If everything we get from the company is worthless, why do we even discuss it? Why do we even have this board? Why don't we all just sit back and wait for our investment sites to show us when PR's come out. And since that obviously won't happen, why don't we all quit our jobs and go to Milford with picket signs in our hands to really get MD's attention?
You are right, I am sorry I cut out all the fluff. Since I couldn't find another poster who has "publicly aired" those criticisms of MD, I didn't feel it was relevant to include. But if you have the DD to support this, please provide.
If you would be so kind to report the outcome of your call with MD, we would all appreciate it.
>Dotson has so much disdain for upper eschelon, following rules, having a higher authority, that he is deliberately scheming a way to take the company private.<
Hammer, ask him about this too, when you call. He will surprise you!
I can only assume from your post that you are implying what was mentioned yesterday...make the call and trust that you will be satisfied with the results?
Richard,
Don't let Hammer get in your ear and blur the lines. Go with your gut and believe in the DD you have done. It's one thing to look at this short term and it's another to look at it long. It's too close to collapse due to financing, so unless you absolutely believe the other babblings, shut off your computer and mind for two weeks, have a strong run on Long Islands in the sun, then come back to us and reevaluate.
To hedge this bet, set your sell mark at whatever you are willing to walk away at, but still end up with something, if this goes super sub penny as you predicted.
Peace - VVV
Thanks Willboat!
And 12:57EST, there was another 400K purchase. Thanks in advance to whomever pulls this for me.
Can someone pull the 400K shares bought at 12:31 EST and tell me what the pps was? Much appreciated!
I love information straight from the horses mouth. And think, that's the info that CM has been approved to speak of freely. MD controls the "real" fun info!
The drum beats louder!
The drum beats louder!
My latest conversation with a trusted investor netted a belief that CPRK was within 2 weeks of shipping the first concentrate load. This would pretty much end the soft start. Take that for what it is given the missed deadlines of the past, but pictures speak a thousand words!! I personally believe they are within a month.
Load up people, load up!!
Question and Answer with Charles:
Q: Can we expect a PR before 7/17?
A: I don't schedule press releases...Done as and when available and appropriate.
My Take: I have heard several times MD controls all PR and even though CM might be a very experienced PR agent, MD only releases what he wants released. Calm down Hammer :).
Q: How long until we'll know if the tentative agreement with RBS Sempra Metals is full steam ahead? What does it take from CPRK to make it so?
A: Sales agreement is proceeding.
My Take: This is very positive. We all assumed this was a "come to fruition" as concentrate is ready for sale agreement.
Q: How much longer will the soft start be in place?
A: Soft-start is ongoing until we reach a sustainable level of aprox. 2000 tons/day.
Q: How will the concentrate be shipped from the mill? Truck? Truck to train? Train built to mill? Hovercraft? j/k
A: I will check on the method of shipment.
My Take: It will be trucked to the railhead in Milford and as Candy B mentioned, there is talk of building rail spurs on both sides of the office, but is there truly need for this?
Charles is accessible people, just ask him questions. I sent these at 10pm MST last night and had answers by 8:30am this morning.
Charles is reachable by email. He responds pretty quickly to requests.
Mark makes a point to speak to anyone who schedules an appointment with him.
There are ways Hammer. But I do know that if this forum had the answers, we would be quick to tell you. If drilling MD constantly, through this forum, is your best idea, I am out of ideas for you. Good luck man.
Or both!! .88 has such a better ring to it!!
Sorry, totally missed a 0. We wouldn't drop if 1.5M were bought at .088!!
I don't understand. According to TD Ameritrade, at 1:20 and 1:25 EST, the same exact time frame at which he bought 1.5M shares, congrats by the way, the stock dropped like a rock????? I assume your purchase at .088 could have driven the stock down to that level, but what is up with the next immediate fall to .0085?
Can someone explain to me how chasing the Bid down works? I love the fact that other long termers are getting in at great rates, but it's actually hurting us in the short term, eh?
What's the company or was stating that the reason for the deletion? If so, please provide a way for me to contact you.
Hammer, would you agree that your point of view could read "holding pattern with MD and CPRK" instead of "lack of confidence in MD and CPRK"? IMO, if we all had a "lack of" confidence, we would all sell and get out. Personally, anytime I lack confidence in something, I no longer commit myself to that venture. I realize we are still below a $.01, but we are slowly turning that around. When more PR, that solidifies where CPRK stands, is realeased, everyone will make their own judgements on where their own confidence stands and decide whether to stay put, buy more, or sell. But for you to blanket the current felling out there as a "lack of" is simply speculation.
In leiu of our next PR, i'll take a low volume 3+% increase in pps! I like the low volume as long as it's positive. It shows that there are buyers out there willing to buy in at these levels. I just wish TD didn't take so long to clear money for penny stocks! Buying more ASAP!!
The price would have to double to get to them and the order is just a daily one. But I understand your concern and I will be careful not to risk them without careful thought. Thanks for commenting. In your opinion, does it help the stock price or does it not?
If it won't help and no one will buy them, then I don't have to worry about someone snatching them up. I'll just leave the order out there and maybe it will help the MM see that they need to do better to get to my shares.
I need help understanding this. If I have 800,000 shares I am willing to put on the blocks for sale, only to help keep the bid and ask higher, does that help? I am definitely not trying to sell them, so if I put in a sell bid for .018, does that help? If not, I won't risk them.
Give me .10 I am happy...
Give me .225 I am very happy...
Give me .50 I am considering my options...
Give me 1.00 I am wondering how this ever could have come to fruition given that I heard about CPRK through a drunk at the American Legion in little Windsor, CO!!!!
I disagree...
Ask .0085
Bid .0088
I don't see how the Ask and Bid being above current pps, with an open of .0095 shows any lack of shareholder confidence! The MM's are controlling to price so they can get shares to cover their shorts. This is a very good sign of panic from the MM's and very strong shareholder confidence...imo.
Hammer, are you the one panicing?
Price .0081
Bid .0082
Ask .0087
And there hasn't been an order go through for 30 minutes. WTF is that? I guess they are controlling the BUYS until they find someone willing to sell at .0078 or something so the MM can load up. Who knows. But those MM bastards need a taste of their own medicine...come on CM, show 'em what CPRK is made of...and do it today!!!
Being manipulated yes...but the next PR will silence all shorters as long as it provides "concrete" information about successfully clearing the next hurdle...imo. I look for that today or tomorrow. Go CPRK!!
Also, I didn't realize that the father of a good golfing buddy of mine was in underground mining for 24 years. He mined uranium and such, but said he could look the pics posted and tell me how close CPRK is to saleable concentrate. He even knows Charles "Walt" McGinley. I'll let you know when I know more. Hopefully early this week!
Control It,
I am a rookie, so can you please explain to me what this means. I assume it's good since we're getting recognized as not being a good cover, given this quote.
"With 138.09 million shares outstanding and 100 shares declared short as of June 2009, there is a failure to deliver in shares of CPRK. According to quarterly data provided by the SEC, there were still 5,183,997 shares of CPRK that were failing-to-deliver as of June 26, 2008."
Please explain what all this means?
Thanks - VVV
pal3,
I can already see ABH's reply being typed, so let me type it for him. My take would be since that report was published on the same day as the last PR, they simply didn't put TENTATIVE in their report, but that they referring to exactly the same situation others reported on. Hopefully they didn't include that word because they know TENTATIVE is just a precursor to the final agreement. Crap, I couldn't even keep it negative all the way through. Sorry! I guess I failed :). All this is just MO, of course.
VVV
Sure, give us another reason to stare a yet another device (forum, camera, etc) that impedes on us getting any work done :)!! LOL
Don't sell yourself short, how about a cartwheel or an aerial? I know the beers at the softball game tonight will taste much better with any positive finish to the week!
I like your style nhguy! Long is long and we can't do anything about it, just sit back and trust that the company will mature. If becoming a/the major player is part of the future for CPRK, then I will sponsor the "all who golfs" golf trip to Mesquite so that we are close enough to combine that with a tour of our genius investment!! Damn, that gives me chills just thinking about this working out!
QVC mining pans...now that is actually funny ABH, nice job!! Maybe take up a comedy approach as we all struggle through this downturn. Good things are coming, imo!!
The mill is a complex wonder, but how else are they supposed to get experts to test the EXACT concentrate if they didn't do sampling? Take a cup of beautiful concentrate for what it is, a baby step. And yes, when we are upright and running, the transparency will take care of itself, imo.
Well, as I mentioned in my very first post, that is approx. the number owned and controlled by the people I recruited to invest. I own 1.4M, but the majority is owned by my uncle (4M - 4.5M). What I can tell you is every one of these shares has a long term hold on them. No one that I know of has sold nor can then sell because most would be taking a 50%+ loss. And, no one is savvy enough to short and make money.
But yes, when that 1.4M hits, I am finally going to have options :)! I am only 31, so it won't be enough for retirement, but we'll see how long it lasts. I have always wanted to do Vegas "the right way" and that can get pretty damn expensive :).
Just a question. Do any of you have these shares locked up in a Roth IRA so you can avoid the taxes? I feel this is the only way to invest in penny stocks. Of course, I only have 200K in my Roth account, but I am too young to sit on the full amount for 30 years.
Good article. I just wish legislation like this would come through fast enough to help us understand how much CPRK is being controlled. We'll either be RICH or sol by then!
Nate-
You have 280,000 shares or $280,000 worth of shares? I know this isn't any of my business, but you threw it out there. If it's the latter, can I come live with you on your island when this blows its top??
I hope the very best for all who have risked even a single penny here and I am confident that we will prosper to the tune of 10M shares...let's make it happen people!!
VVV
Do you think it's funny that the guy missed a 0!!
"A relative newcomer to the copper scene, it traded up 22% today to $0.92 on volume of 30 million shares."
Probably be quite a bit more attractive at 1/10 of it's stated price. I guess if anyone is interested, they'll look it up and have quite the shock. Mabye the misstep works out in our favor, but that's a pretty huge typo!!
He's got my vote! No "true" investor in CPRK would look at JTF's pictures combined with today's PR and find the negative, especially in one word. But that's OK, ABH will be gone when he can't cover and that will be very soon! So, Hammer, you might as well start buying to hold, because if not, this baby will make you sorry!!
Great day all, look forward to strong buy pressure the rest of the week!
I totally agree with these not being investor shares sold at a loss.
This comes second hand, but from a very reliable source...He has spoken many times with a very (30+ years) season penny trader who says, depending on the stock, the pps can be manipulated by shorters for up to a year after profits are proven. If demand stays high and investors keep chasing the bid lower with more and more "buys", the cycle continues and the shorters are able to cover their shorts. The only way this stops is when the stock is so hot that the "ask" is the normal purchase price and the shorters are forced to buy at a loss. When shorters are losing money, they lose interest and go find another stock.
I have no clue how to direct any of us to help the shorters lose, so I won't try. But I sure hope the wild ride that CPRK has been comes to an end when LT financing is in place and concentrate is being sold on the open market, regardless of who is selling it.
My pom poms have been dry and waiving since I first invested, but my bloomers finally got back from the dry cleaners due to the last downward pps slide!!
Peace - VVV