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Gold to run to $2,500 Ounce
Gold is starting its next Bull leg passing and mark my words, it will pass $2,000 ounce. I keep adding positions into sutter. Like I said, this stock will be $2-3 /share by 2015. The fed isn't going to stop Q.E. as they have NO EXIT PLAN. Sutter is a sitting on a great opportunity with production beginning (Guessing) around October / November. Also remember, they already have 1,500 tons off rich soil to feed through the mine.
this is a easy 5X-10X bagger.
Bought SSRI Options - Thoughts?
Bought Dec. 2013 $8 Call Options, $9 Call options for Jan 2014, and $12 call options for 2015.
I figure $6.07 in Cash per share x 2.5 book value, we arrive at $15.25 per share.
Any thoughts here when you think the price will rebound. The shares went from $6 to $20 within 6 months last time.
I Called the company. It's amazing what people will tell you if you do your own research. Said I was a Civil engineering in structural development using AutoCAD and Solidworks. Asked if they were hiring, which they are not at the time. Production won't start until the very end of 2013, most likely beginning of 2014. Sutter and their mining contractor were in negotiations. they couldn't move on with production until they had more money. Also, I believe management is strategically waiting until the end of the year for Gold to turn around.
Production starts in Q4, near the end
Got word that sutter won't be in production until the end of Q4, and beginning of 2014. They are waiting out the price drop in Gold, then begin full production once the price is higher (Just what I'm thinking why they are waiting) They are still building out the mine. Also, as they continue to build out the mine, the dirt that is mined out for building, will also be mined for Gold. So their first production run will be pretty big! But patience here, good new coming our way, but not till the end of the year. I'll be accumulating more shares over time.
what is the other company opening a mine in the Mother Load? I haven't heard of any other mining company that has all the permits that Sutter has. It took Sutter 30 YEARS to get these permits, California OSHA laws are ridiculous. You can get the right to lease the land, but operating on it is a whole other story. Let me know what stock / ticker this is please!
they will begin production this month or next month. They ran out of cash to pay the Mining Contractor to start production. That was the initial hold up.
I actually called in and spoke with Amanda who is one of the managers and directors over there. I told her I was an engineer seeking employment in mining, with experience in structural grading and civil engineering. She stated they are not hiring. I asked why? (Playing dumb) I asked are you mining currently?
She stated they are currently going to begin production within the next one to two months. They are finalizing the "Mining" contract with the contractor who deals with the actual mining process (Blowing up rocks, mining, excavating, ect).
So after the re financing and loan extension has been granted this now will Seal the contract with the General Contractor. Sutter didn't have enough money to begin production without paying a large portion upfront to the General Contractor.
We should see production begin within a month I would say. This is what was stalling the process, just money and an agreed contract between Sutter Gold Mine Inc. and the General Contractor in charge of Mining.
good news will be on the way in the next month!
I bought another 1,000 shares today. In a month or two we will have a press release stating production has began. Sounds like OSHA is blocking them until certain Build outs meet regulations. Production will begin in June or July.
Thanks NYBOB
I think by the end of the year we should see some real PPS appreciation as full production comes to light. Next month we should see a press release. They will hit production sometime in Mid June or possibly July.
I hold a pretty strong position of about 40,000+ in shares. I'm holding out until it passes $2.00/share and i'll take a bit off the table.
What's your thoughts on their current debt structure? This is a main concern of mine. It would be nice to get a second opinion.
Sutter Gold will go to $3-5 Share in the next..
2 YEARS
I've been slowly accumulating these shares over time. Bought in at .07 up to .38, I'm not worried about the price fluctuations at all. This is a LONG TERM play with the highest Grade out of any Gold Mine. The company's debt structure isn't pretty but they should be able to get out of it within a year after full production, that gives 4 years of EPS to the company and shareholders.
The company is waiting to release News PR. They are going to wait until they are IN PRODUCTION to announce another PR. WHY?
Because this is a HUGE MILESTONE, in turn the stock will skyrocket, most likely to the .7-$1.00 level. Watch it sell off back down to .6-.9, then make another move near the end of the year around November / December once they meet FULL PRODUCTION. I've talked to the CFO, the company also uses its waste / Dirt and sells it to Agricultural companies, another revenue stream.
Ironically, they are sitting on the "MOTHER LOAD" and the stock sits at mere Pennies. Watch this company because a buzz word after full production hits and the ETF Gold market shapes back up to the $1,7000- $2,000 range. All the major banks covered their shorts and now are buying back future calls on Gold. Pure manipulation play on the banks, but watch how Sutter Gold will be in the right spot at the right time with Full Production hitting along with new Gold Highs.
Cheers ,
Clint
Shaun Bailey.
Another Roger? This thing is dropping as fast as Obamas ratings
haha, probably the best post in a month or so.
I have to say, the New President seems to be liquidating his shares (or Rogers) at our expense. Another disappointment in my book.
To Shareholders,
This puppy isn't going to budge unless Shaun can realistically put the business plan into action. Foreclosures are drying up fast. Majority of the real estate problems have been addressed. Modifications are ready to disappear and we are entering another real estate "refinance" war among lenders. What Shaun needs to do is realize a "real revenue" stream that is no short term but long term.
Second, we need working capital on the balance sheet. $100 isn't going to cut it. Sorry Shaun. We need at least a $500,000 in equity to help strengthen the balance sheet.
Thirdly, if I was Shaun I would look at the tax credits Cal-Bay has. Many times, companies that are cash flow positive will buy bankrupt companies simply for there "deferred tax credits". These credits last up to 10+ years and carry forward on an annual basis. What is the value of Cal- Bay's Deferred Tax Credits? Anyone know?
What Shaun Needs to Do
1.Cash infusion into the Company.
2.Update website
3.Start developing a revenue stream ASAP
4. Use deferred tax credits to possibly sell the company to another cash flow positive company.
5. Somehow make PPS go UP
VIDEO POSTED
The video of Shaun Bailey is posted. Interested business plan, but I don't see Cal-Bay being a Financier. But being the link to consumer demand and bank owned properties is a good idea. Things are looking much brighter for Cal -Bay! Also, good to see an actual face behind the company.
Fortune and Glory
I'm with mataflash on this one. For all we know, Roger is still running this operation. We have had countless FALSE PRESS RELEASES about new CEO's and so forth. It's always been a 100% smoke screen for another pump and dump. I pray its not another pump and dump but statistics show 10/10 times it's roger behind the curtain. There is a false promise associated with this company that seems to linger on all of the longer term investors. I will look for the video next week and see if you can "PROVE" your credibility. I will be looking at specifically how you intend to raise Capital for your business plan, most notably how much capital you intend to raise, and what specifically your going to do with the capital. BYU is a great school of ethical conduct in Business Practices. Let's hope they taught you some ethics and get this company ethically in the right direction.
Monday......If saturday goes we'll i think it will still be a couple days maybe even weeks before we get another PR
Can anyone attend this event?
Anyone live within the area or near the area? I would love to get some verification on what they presented and especially WHO presented it.
Anyone know WHO is delivering this presentation?
maybe put up a chart, Company logo. Largest shareholders. past company info. ect.
mataflash, make this board look nice and pretty. attract some new buyers from other boards
There is NOTHING OFFICIAL about Dale's comments. It's only official until the company announces and publishes the information. For now this is still CAL-BAY
its called dilution
shrinking volume once again....look familiar
Look......for those of you thinking there is going to be a bid without a PR is ludicrous. This pig will not budge without a PR, update from Nevada SOS and Pink Sheets. Until then, this is a frozen ship in the arctic.
As for the Nevada Warehouse. Well they had a picture of that up on their website however it was immediately taken off after someone typed in Warehouse on Google and found it.
In conclusion, without hard proof of existence of substance forward movement from management this thing won't move forward. If we keep getting PR"s with stories of contracts and warehouses but ZERO proof, then this won't budge. We need to see a share buyback, some PROOF of money. Share cancellation ect.
time will only tell. EOM.
indeed, good morning to all. I think Cbay is cooking something up, nice accumulation of shares
interestingly, there has been a slow, but steady accumulation of shares from 5-30 million every day. Someone know something we don't?
nice job on the new layout Titan! EOM
CAL_BAY ...
Should be entitled to the government bailout. Who's with me?
HA! don't we all. That's pinky land for you....a vast field of empty promises waiting to be fulfilled. Hmmm sounds like our government doesn't it. I wonder if Cbay is ran by the same guys running this magical bailout plan as well.
Are you really that suprised?
nice find
I agree. We need Numbers. NUMBERS NEVER LIE, only words do.
I think the 50 dividend share announcement may spur more buying pressure. However, there is no value attached to this dividend until they tell us the price of each share. With the right PR I think we can sure begin to see some upward movement extremely fast. I think it could possibly run for 10+ days. However, we need more INFO!
minus the grammar errors, yes I hope it does explode!
the fact that this happened so quickly leads me to believe someone on this board is running cbay
bnpd's partner is business is beginning to explode! CBAY
this still restricted on scottrade? EOM
Thanks for repeating my message.
haha, you can't get to the OTC if there is NO LIQUIDITY