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The shares have a 2 year holding period. Float has not changed in over 3 years.
Incorrect. When they filed the 15-12G in 2018 to cease reporting to the SEC they no longer met the requirements of 144 since they were a shell company previously. This has been established since 2008.
That's inaccurate. Once again Rule 144 can't be used here.
That's inaccurate. Not valid.
Anyone can listen to the podcast and make up their own minds. I can't think of another company that has these Podcasts to communicate updates.
Getting closer each day. With a float of only 3.25 million it will be interesting once they report revenue numbers.
That is odd since they were extracting gold with a Plan of Operations previously.
Post that email you said you had from the TA saying the float was 19m - OTC Markets shows float at 3.25M and is TA verified
Still incorrect. You forgot to add the mine into the equation. If you have ever been through a valuation you would not have have forgotten the mine
Incorrect again. MM
Incorrect. The $2,250,000 was separate from the acquisition of the mining claims.
The $2,250,000 is at $1.00 per share.
Not it is not correct. The $2,250,000 was for 2,250,000 Preferred Shares that converted after 30 months into 2,250,000. That is $1.00 per share.
The 177M was in exchange for the mining rights to the Treasure Canyon Lode
All of that is incorrect.
A day closer to the mine being open.
It is great but does add volatility
The float is 3.25 Million and has not changed in 3 years.
https://www.otcmarkets.com/stock/CGLD/security
They already built a tunnel 73 feet long with a 2nd passage that was an additional 33 feet - https://www.buscarcompany.com/photos?pgid=kbuvgxlb-3c15024c-87c8-40fb-b9bc-50da18695eac
Also,the photos show the roof has wood on it. https://www.buscarcompany.com/photos?pgid=kbuvgxlb-358980c4-28d0-4f91-be19-cc2c15faf5c3
They said it was for inside the tunnel and that they are waiting for the larger one to clear around the entrance.
I think Thomas said the tunnel was only 5 feet wide and under the Plan of Operations he wants to expand it to 9 feet. It was in the Podcast.
TA Confirmed it at only 3.25 million.
https://www.otcmarkets.com/stock/CGLD/security
Gold futures turned higher Thursday morning as Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole economic symposium that were perceived as more accommodative, and bullish for bullion buyers.
“I think Powell and other central bank heads at the Jackson Hole Symposium are likely to reaffirm their commitment for running [quantitative easing] at full throttle for a while yet,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, in a Thursday research report. “If so, this should keep gold supported and keep the pressure on the dollar.”
https://www.marketwatch.com/story/gold-edges-lower-thursday-as-investors-await-powells-jackson-hole-speech-2020-08-27
"Gold price pushes higher as Fed's Jerome Powell scarifies inflation for economic growth"
https://www.kitco.com/news/2020-08-27/Gold-price-pushes-higher-as-Fed-s-Jerome-Powell-scarifies-inflation-for-economic-growth.html
That would be great
Yep each day a day closer.
$CGLD Takes Shareholder Transparency to The Next Level
Press Release | 08/25/2020
Buscar Company Takes Shareholder Transparency to The Next Level
PR Newswire
DENVER, Co., Aug. 25, 2020
DENVER, Co., Aug. 25, 2020 /PRNewswire/ -- Buscar Company (CGLD) announced today that the company has published a video of their first week at the mining site in Plumas County, California. They have also completed a Podcast conducted by the President of Buscar that will be uploaded to the company website this week.
CEO Alex Dekhtyar stated, "These first 11 weeks have been a flurry of activity, but we've accomplished each of our objectives, effectively, on time and have communicated each accomplishment with total transparency. For instance, we committed to the Acquisition and got it done, we committed to Current Status and we achieved that on August 5th, we cut the Authorized Share Count in half, we kept the float low and static at 3.2M shares as we said we would, we even locked in all new shares issued to officers and directors for 2 years and committed to no reverse split. We filed our Plan of Operations and committed to having our advance team on site by August 15th and we accomplished that as well."
With regard to transparency, Buscar Company has set the bar extremely high. In addition to press releases on a frequent basis, (this is the 11th in 11 weeks), the company has also set up a company forum at their website where anyone can interact directly with the company. Today's Podcast is the 5th in the series to date and Monday's video is the first of many to come as the company plans to provide video updates weekly from the Treasure Canyon site.
Mr. Dekhtyar finished up with, "Our very first commitment to you was transparency and each step of the way, we hope that we have set the standard than you can and will begin to trust over the long term. Whether it's PRs, Forum Posts, Videos or Podcasts, two things you can be sure of with our team. (1) Follow through on every commitment or objective we make and (2) Full transparency at every step along the way. A little unorthodox, yes, but we want you to be part of this journey with us and that's why we have set the bar so high for ourselves. Thanks to each of you for your support thus far and we'll speak with you again soon."
The latest Podcast can be accessed at: https://www.buscarcompany.com/podcast
Our videos can be found at: https://www.buscarcompany.com/videos
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. https://www.buscarcompany.com/forward-looking-statements
Please refer to our Forum at https://www.buscarcompany.com/forum and the Company's Twitter page https://twitter.com/BuscarCompany for additional information and updates.
Contact:
+1-(661)-418-7842
info@buscarcompany.com
They have made a lot progress in short period of time. Can't wait to see what happens when the tunnel is opened up again.
I think that is a good sign that that the forest service was there and said they keep working during the day and return the trailers after the fires were contained
This was interesting that the Forest Service was already on site.
"The team has been working the past two days at the site. They have been in the Ada Tunnel working to clear the debris from the collapse. Additionally, the Forest Service Mineral Officer (who is reviewing our Plan of Operations) was on-site at the mine site last week. She requested that we move the housing tailors off site for the time being until all the fires are contained. However, she informed us that we can work on the site during the day and continue our assessment work."
https://www.buscarcompany.com/forum/mining/update-on-mining-operations
Update On Mining Operations
The team has been working the past two days at the site. They have been in the Ada Tunnel working to clear the debris from the collapse.
Additionally, the Forest Service Mineral Officer (who is reviewing our Plan of Operations) was on-site at the mine site last week. She requested that we move the housing tailors off site for the time being until all the fires are contained. However, she informed us that we can work on the site during the day and continue our assessment work.
https://www.buscarcompany.com/forum/mining/update-on-mining-operations
So you are saying Thomas is lying that he has spoken the Forest Service about the assessment and that they have filed their Plan of Operations?
That is a good point it has been stable even with low volume
The company is doing the annual assessment work which allows:
Assessment work includes, but is not limited to, drilling, excavations, driving shafts and tunnels, sampling (geochemical or bulk), road construction on or for the benefit of the mining claim; and geological, geochemical, and geophysical surveys.
Look and see what they are allowed under the assessment work.
This is being done while waiting for the Phase 1 of their Plan of Operations to be approved.
You may have missed this part:
the Forest Service officer will determine whether an environmental statement is required. Not every plan of operations, supplemental plan, or modification will involve the preparation of an environmental statement.
The Company had a plan of operations approved previously. The forest service asked that this plan of operations be split into 2 phases with the expectation being that they would approve phase 1 quicker
Provide a link to your statements please?
They filed the Plan of Operations and have said that they have already spoken with the forest service about the assessment work.
Per the BLM: Assessment work includes, but is not limited to, drilling, excavations, driving shafts and tunnels, sampling (geochemical or bulk), road construction on or for the benefit of the mining claim; and geological, geochemical, and geophysical surveys. https://www.blm.gov/programs/energy-and-minerals/mining-and-minerals/locatable-materials/annual-maintenance
Anyone can listen to the Podcast and make up their own mind.
https://www.buscarcompany.com/podcast
Guess what in the next 4-6 weeks when they are pulling gold out we shall see. I'm betting on Thomas being correct since he has worked the property for 20 years.
Posting that the float is 19M is intentionally misleading and fraudulent
Unproved reserves are those reserves that technical or other uncertainties preclude from being classified as proved. Unproved reserves may be further categorized as probable and possible reserves:
? probable reserves are those additional reserves that are less likely to be recovered than proved reserves but more certain to be recovered than possible reserves;
? possible reserves are those additional reserves that analysis of geoscience and engineering data suggest are less likely to be recoverable than probable reserves.
Those claiming they had an email from the TA showing 19M well guess that wasn't correct. Have also been reported to the SEC.
OTC Markets was updated yesterday with the shares held at DTC - it shows 3.25M. Shows verified by the TA.
CGLD SECURITY DETAILS
Authorized Shares 250,000,000 08/24/2020
Outstanding Shares 196,645,478 08/24/2020
Restricted 193,390,488 08/24/2020
Unrestricted 3,254,990 08/24/2020
Held at DTC 3,254,116 08/24/2020