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Finally...this must be the enhanced exchange that MD always promised (the Q at the end).
As a long, I'm amazed at all of the patience I've gained.
Thanks to everyone for helping me get through this and keep my eye on the things that are important.
You're right TrueBlue. After all of the patience we have acquired, why don't we just to back to the days where MD's costly bumbling and peeing away money, keeping his head down and charging ahead on a wing and an prayer... ah, that helped the share price.
Never mind how everyone on this here message board ignored calls for the company to put out its financial statements (whether required to or not) and start running the place like its purpose is to make money.
This company has it all...almost. Poor management will tank it and good management may save it.
MD burned through a lot of cash. Let's get the mill running, sell some product, and start running in the black. Sorry all of you relatives, the go-go days of "stimulus" in Milford are over, until the share price gets up to a few pennies or nickels.
Call me irresponsible... new theme song for CPRK
Now that there's a new PR out there for all of you folks who so desperately wanted PRs from CPRK, and that latest, greatest PR tells the world that CPRK has been running irresponsibly, I wonder what's next.
To keep the operation going, or get it restarted, CPRK will probabaly have to meet with regulators, the regulators will have to hum and haw about when that will be possible (not on Fridays thanks to Gov.s Huntsman and Herbert).
The regulators will have to do an assessment of the environmental damage from this irresponsibility. CPRK will have to put plans in place and probably have to hammer out a compliance schedule to get started prior to getting all of the approvals.
CPRK may have to beg mercy and conjure up economic distress, possibly involving getting the county officials to visit with the state folks to fast track the regulators to letting them start up again.
Then there's the issue of how the mill runs to begin with. Does it need a whole new system of processing to make CPRK responsbile for the first time.
If the current tailings are causing environmental damage, then CPRK will need to fix that, again working with the four-day-a-week regulators.
On April Fools Day, the mill will have been shut down for a week. I'm sure it wasn't shut down the minute someone realized something was irresponsible. Since we got a PR with all of the bad news, it will be interesting to see if a week goes by without CPRK's new management informing the world about its progress in fixing its irresponsibility.
Call me irresponsible, Call me unreliable
Throw in undependable too
Do my foolish alibis, Bore you
Well , I'm not too clever, I just adore you
Call me unpredictable, Tell me I'm impractical
Rainbows I'm inclined to pursue
Call me irresponsible, Yes, I'm unreliable
But it's undeniably true
I'm irresponsibly mad for you
I hope we don't have to get used to this new theme and song/dance from CPRK.
Psst! Show us the financials!
What makes this sound like any permitting is in place? What this sounds like "regulatory compliance" is that the regulators are in place, or at least some people at the mill who are familiar with environmental rules have noticed problems that need to be fixed.
Water quality regulators can issue a cease and desist order and slap the company with fines, etc., if they've been cutesy about pond discharges, etc.
I'm hoping that the other shoe that drops is not in the hand of a judge who says words like "willful" and "knowingly" about the irresponsible operation before it was shut down.
- discharge of materials to the environment
- operating an unlined discharge pond without approval
- misrepresenting a process to regulators
- failure to notify before the fact
- failure to report a discharge after the fact
I'm hoping that regulatory compliance officials are not readying to throw the book at the mill. It's not what we need right now.
What have I missed that makes people think that needed permits to operate an approved discharge pond are in hand?
Please light a candle...
We’re learning a lot about the new guys.
They shut down the heretofore irresponsibly-run operation. (their words)
They issued a PR with bad news.
PR describes hand wringing and no plan or path forward.
PR suggests that they flat out don’t know how to make good concentrate with this mill in a regulatorily compliant manner.
OK guys. You shut down the money making part of the company.
Are all of the money consuming parts of the company still operating full time and at full speed? Was anyone laid off in the interim? Are we looking at more share dilution on top of the no revenue?
Are the “world-class” folks that the company has engaged the same fellas who got us in this mess?
At least these guys used the word “budget” in the PR. That word, along with the super-quick transparency, are the only silver lining I see here.
For anyone who’s ever tried to order equipment for a process, you’re sometimes looking at up to a six-week lead time and more for necessary equipment.
The clock is ticking. We will see if these guys can manage very soon. We will see if they can be transparent with professional plans and implementation along with a budget that is friendly to shareholders.
I hope MD is enjoying his retirement. This is the first look under the hood after he stepped aside. It doesn't say much for what we've applied our patience and good faith to the last couple of years.
I hope the mill gets started again and that they don’t announce that what they need is a new mill and to be listed on Superfund for a cleanup.
I have my fingers crossed.
Wow. There's the EPA again. They are the same ones who messed up the deal on the SX/EW equipment from Yerington. A bunch of hippies for sure.
With all of the state of the art people running the mill (who also built it many of which are related to MD), it's got to be a fluke with the hippies from EPA to blame again.
Those government people will ruin everything. Don't they know it's private property?
We can just dump off-spec copper concentrate on our property any time we want. It will just make more minerals later for someone to mine.
What's all this talk of regulatory compliance? One person's pollution is another person's recycling minerals for the next miners.
I'm glad that the new management team knows a great opportunity when they see it. This new mineral recycling program at CPRK will help boost share price. All they need to do when the state environmental quality folks show up is to take them to Penny's diner and have a nice meal. Same goes for the EPA inspectors and prosecuters.
I'm glad that I gained a lot of patience with MD's management reign. I can see I will be needing every bit of it with these new guys.
Good thing the lab folks were analyzing the concentrate. Just don't let them analyze anything before it is discharged to the tailings pile. Oh, I forgot, all of the water is recycled in the mill so we don't need a tailings pile or a pond.
It's probably time to call Orrin Hatch and get the EPA and State environmental inspectors off of CPRK's back.
FFF is right on. The first step is to get the stop sign removed. The next step is to make sure the focus is on earnings. We have all proved our patience. CPRK should stop spending money it doesn't have. Hopefully, the new management is not related to all of the workers and just keeps them going never mind cash flow, earnings, etc.
It's time to put plans in place that are followed and that have backup plans.
The planning should be based on using assets and human resources with the goal of operations that convert to cash.
We've got a mill. We can sell magnetite and, once we get the guys with shovels into the ore feed inlet putting ore into the mill, we can sell concentrate.
We need to get the revenue established.
Once that is done, we need to see some earnings.
If we are patient, we need to set a plan for SX/EW, and use professional procurement principles to get a real, SX/EW system purchased and going.
No more writing checks and hoping the snake oil people show up on the day promised.
Purchases need to have mobilization, deliverables, etc., as anyone who has had a construction loan knows, you kind of pay as you go and you buy what is real. It will result in a lot fewer phone calls to Washington DC saying "waaaaaah!" to some senior senator.
Incentives are built into the purchase price for successful installation and operation of a system by a certain date.
No more saying that everyone involved is a "state-of-the-art" professional who we are lucky to have and who not only know how to construct the erector set, but they also are the world's foremost experts on running it. (Probably including the guys working the shovels on the inlet to the mill in the video.)
The mill should be organized and it should not be up to one person to give the tour, cheer on the crew, stop and see how everything is going, work the claims, hire the cronies, plan the hunting trip, and own all of the stock, all making it nigh unto impossible to hope for anyone else to let someone know that things could be better.
It would be nice for a plan to be outlined that isn't just another example that the Bard was onto something with "there's many a slip twixt cup and lip."
Please don't promise us operation next month and dividends in a few months, and please don't think it will be easy to be better than MD The guy worked like crazy. So you new guys need to also work hard and smart to make this thing into its potential.
MD was the devil we knew. Who knows what lurks behind Door Number 1?
MD talked about dividends and let loose with a PR that talked about moving to a higher exchange. That was before all of the talk about King of the Pinks and really socking it to the shorts and MMs. I guess MD really showed them, huh?
It will be interesting to see how long it takes to see if these new managers will focus on important things, like the balance sheet, the income statement and the cash flow statement.
It's way past time to put them out there.
It's a great way to establish a benchmark for reference as to where these guys will take CPRK.
CPRK had everything going for it except good management. Things can always get worse. These guys have a chance to be properly focused. We'll see if they are the Kings of Obscurity or the Kings of Transparency.
I figure that my CPRK investment really went to $0.00000000 per share after January came and went without LTF. So it's all just gravy to me after January, not much consolation there.
We are still at the mercy of our creditors and are living on borrowed time as well as borrowed dollars and diluted shares.
MD seems to me to have a streak of revenge, so since he was forced out, he may now be worse than Wilf Bloom ever dreamed of being for messing with the pps.
BTW, you have a fine family FFF. I hope you make them a lot of money as a long on CPRK.
It's time for a Quiz ....
1. True or False. MD knows how to establish and maintain shareholder value.
2. True or False. MD is a business leader that can establish strong management that pays attention to the bottom line and executes according to a well laid out plan.
3. True or False. MD knows how to drive a hard bargain and bring home the bacon on things like purchasing SX/EW equipment and copper mills.
4. True or False. MD has controlling interest in CPRK.
5. True or False. MD is smart enough to realize that CPRK would be better served by putting in a chief operating officer to run things and letting that manager bring the company back from the brink of the abyss.
6. Multiple Choice. When MD writes his magnum opus on business, what will the title be:
a. "Put your head down and just charge ahead!"
b. "Micromanagers rule (after all)"
c. "Did I mention that I consolidated a bunch of mining claims?"
d. "I was too busy dating and being a newlywed to pay much attention to business."
e. "How to get even with short sellers in 30 days or less."
OK. Let's pass our quizzes to the person next to us and correct them. Scores will be posted on the CPRK IH message board. Have a great day.
Colorado, do you think the company is now buying back with all of the money they got for shares they sold for 3 cents and more, all those months ago? Is that what's going on? Maybe MD is a cleverly disguised genius after all...
What's the word from the mill? Are all of the family and friends still reporting to work each day, clocking in, etc.? All of the people who are the world's experts at building and operating a mill, are they still at work each day?
Can someone summarize for me what's been going on in Milford?
How about we have another Grand Opening for the restart of the mill?
Wouldn't it be great if...
Memo to All Shareholders
From: MD
Dear Friends,
I have come to the realization that being a bumbler and just putting my head down and charging full speed ahead isn't always the best for business.
Here are some things that I've decided to do. Each of these have been talked over with the BOD, and are immediately implemented.
1. We're going to pay attention to the bottom line.
2. No more wishful thinking, we're now into planning and executing.
3. We've got enough IOUs, so starting immediately we're going to cash flow this business and build up our retained earnings, month after month.
4. If that means that all of the "experts" who were involved in constructing the mill aren't needed to operate it, then that's what it means.
5. We are going to plan labor around activities that lead to sales and profitability.
6. If that means the end of nepotism and cronyism, so be it.
7. We're going to publish our financial statements starting immediately and we'll publish updates on a regular basis.
8. If that means that people will see the magintude of our IOU's, so be it. It's time people not be afraid of the dragon under the bed. It's time to take a look. It's time that the public saw how the company is run. If they want to own it, great! If not, then sell to someone who does.
9. I'm going to hire competent managers and put an end to micromanaging everything. These managers will be held accountable by a Chief Opeations Officer and will be replaced if they don't perform.
10. I realize that I have much to be desired when it comes to managing this business. No one is questioning my ability to put claims together. I have done a spectacular job doing that. However, no one questions my managerial weaknesses in executing purchases and operating this business through a successful start up. I'm putting an end to excuses, and I'm taking myself out of a management role and will become a member of the board of directors.
11. Please accept my sincere apologies for the way I handled the following. I take full responsibility there:
a. The Toshiba deal.
b. The Yerington purchase that fell through big time.
c. The ridiculous promises for dividends, a better exchange placement, and transparency.
d. The way we burned through all of that cash with no real plan for success.
e. The way we diluted without keeping an eye on cash flow, earnings and the balance sheet.
12. With my new commitment and turning over a new leaf, I pledge to the shareholders that it is a new day at CPRK. Please accept my sincere apologies for how things had been run.
MD
My friends on this board privately tell me to hang in there, better days are coming. Please list for me the reasons that I'm glad I'm long on CPRK with the lions share of my investment now erased.
Seriously, I'd like a list like that. I've been away from these boards for a while and I'm not sure why we're where we're at. The videos were not encouraging at all.
And what's MD up to? Does he still have a fire in his eyes about how this company will succeed or is his life crumbling as he grasps at straws with his well healed pocket wad and his loyal community supporters that probably privately have discussions that they don't want him to overhear.
I've known a lot of managers and businessmen in my time. There are few that I know that would have done worse than MD has done - not the combining the claims part, the managing the business part - so don't give me the MD rah! rah! stuff. I'm interested in facts, not fluff.
Heck, I've even seen people with horrible family and personal problems that still kept the business profitable and on track, you know, making and keeping promises, being transparent, defining objectives, accomplishing their goals....
Someone please make me a simple list. I need to catch up and I don't have time to read several weeks worth of posts.
I enjoyed the videos. Nothing moving except the touring pickup truck. At the mill, laborers were mucking out the inlet. The tour guide made it sound like that was a great development for the mine. It would be nice to see the mill drawings with the stick figures of people shoveling out the inlet - just as designed. State of the art with plenty of world-class mill experts everywhere who know how to operate this particular kind of mill ... How did he put it? Oh, yeah ... those guys are so smart that they just make everyone else feel stupid... you know like most investors feel right now... thinking that this great situation could survive the bumbling of MD.
It was interesting the spin told of how a $1M check was sent for the SX-EW equipment without any planning, how 'hippie' types are to blame, and how we used up favors with US Senators to get our money back...only to blow it and now we're back to dilution.
Boy that MD sure is a wheeler dealer. We're lucky to have him running the whole show. He didn't learn his lesson with Toshiba...he had to learn it again from Yerington and the EPA only this time he was even more of a blockhead.
I'm just glad I'm not the guy who put his whole life savings in this thing while worshiping the ground MD walks on.
I'm hoping for a turn around and for a management shakeup. Since MD has the controlling shares, that won't happen unless MD sees the errors of his ways and acts in the interest of the shareholders.
I'm a long and always have been.
"Me favourite colour is blue.
And me real first name is Richard."
- 'Ringo' Starr
My deepest thanks to those who encouraged us to have patience. I believe I have my share of patience now. I am still waiting for financial statements from the company. I believe they will be of benefit to current and potential shareholders. I ask what is stopping management from producing them, certainly not a desire to protect this pristine share price.
The patience we are learning is priceless!!
Well, we've made it through January. I thought that I'd be rich(er) if CPRK was still around after January.
I was thinking either that or we'd be at $0.000000000 because of BK (MD) by now.
The only thing is that we're also not to a place where the company is publishing public financial statements.
I guess I was only off by $0.0028 from my prediction of $0.00000000.
Well, now I feel I'm playing with house money, compared to the $0.00 that I had bargained for.
Well, the five figures I've invested in CPRK is now only four figures, not three or two or one. How about that!
That's great for the seven figures of shares I have.
Here's to the prospect that we get through 11 more months without a PR. The last several PRs have just been outstanding, no?
"Me favourite colour is blue,
and me real first name is Richard."
- 'Ringo' Starr
CPRK's New Years Resolutions
.1. No PRs about enhanced weather in Milford in 2010.
.2. No PRs about promised dividends in 2010.
.3. No PRs about possibly being listed on a more formal exchange in 2010.
.4. No PRs about Grand Openings in 2010.
.5. No PRs about expected operation dates in 2010.
.6. No PRs about sample assays in 2010.
.7. No PRs about Tina Marie in 2010.
.8. No PRs about expected CuCon deliveries in 2010.
.9. No PRs about O'Hurley in 2010.
10. No PRs about expected copper cementation startup dates in 2010.
11. No PRs about the beginning of soft start in 2010.
12. No PRs about possible long-term financing in 2010.
13. No PRs about Argentina and geothermal financing agreements in 2010.
14. No PRs about joining strategic partnerships in 2010.
15. No PRs about bridge funding in 2010.
Santa, I want NO PRs in 2010.
It looks like Christmas came early for those on this board who had ants in their pants about getting 'that next PR.'
Here's some things that could be in an upcoming PR, if we're so excited about getting them still:
- Another grand opening
- Another agreement to finance a cash strapped idea in the third world
- Another weather report from Milford
- Another report on whether CPRK has any affiliation with Tina Marie
- Another clarification about CPRK's relationship with O'Hurley
- More mumbo jumbo about whether we really have begun a soft start
- Another confusing set of data about CuCon production and deliveries
- More promises about near-term dividends
- More news about geothermal ventures in Milford
- Another response to metal price volatility
- More results from the assay lab
- Another report about how mining is going
- Another report about preliminary terms of long-term financing (check out the PRs from June of 2008)
Please Santa, we really do want a PR-free 2010.
GLTA
T
We asked for transparency; we're getting dilution-and maybe-BK
Is this what circling the drain looks like?
This has been the funnest five-figure ride I've ever been on.
Just look at all of the patience we all are acquiring as a side benefit!
"Me favourite colour is blue,
and me real first name is Richard"
- 'Ringo' Starr
CandyB's post and visit story beat-any CPRK PR.
We simply don't need a PR from CPRK. We've got plenty of factual information from someone we trust. Forget those PRs.
Others will follow suit. There's no need for any PRs.
If there's nothing earthshattering (no pun intended) going on at CPRK, I say let them alone and focus on their mission.
If someone loves PRs so much, why don't we vote on which PR did CPRK the most good. We could prioritize them all and discuss all of the great things they have done to have our pps go below 0.005.
How's that working for us?
Have a good weekend.
All I want for Christmas is a report from a credible poster and no PRs from CPRK for at least another year!
Just remember what I've told you when you say and hear others say, "Happy New Year!"
On-the twelveth-day of Christmas CPRK gave to me...
12 tons of CuCon
11 Grand Openings
10 rolling ball mills
9 burned-in power lines
8 delayed start dates
7 confirmed copper veins
6 enhanced weather forecasts
5 gold assays
4 ore trucks
3 stolen tools
2 Argentinas
AND a PR about Tina Marie
We made Beethoven's birthday with no PR!!! It has been more than one month with no PR from CPRK. Now we just need to make it until Christmas so we can ask Santa to give us one whole year wtih no PR.
For those of you who are on pins and needles for a PR, please play the game below. I'll give you a possible statement that could be in the next PR from CPRK and you choose the word from the lists that follow to complete the statement. Ready? Go!
CPRK is pleased to announce that it has entered into an agreement with a ______________ company that is headquartered in _______________. MD is pleased to be involved with this rare opportunity and expects shareholders to be very excited. If things don't work out with this venture, CPRK will resort to _____________ to get by.
Now select from these lists to fill in the blanks:
First blank
macrame-design
frisbee-manufacturing
coin-operated-shoe-shine
Second blank
Togo
Latvia
Borneo
Third blank
dilute shares
go BK
produce CuCon more faster
This is really similar to what we got last January when we were so excited about getting 'the next big PR.'
GLTA
T
Reasons NOT to expect a PR tomorrow:
1)CM doesn't write many PRs, what's another week to him?
2)Convoy of trucks may run into big blizzard making it so there is less revenue than expected
3)There will still be a balance sheet, an income statement, a cash flow sheet, but not for our eyes. Are you kidding?
4)Big blizzard will keep all parties grounded at airports failing to meet to negotiate,
5)Tommyknckr does sun and revenue dance incorrecly and Milford snows turn to freezing rain delaying Grander Opening.
This post has been certified to contain stupid comments.
Note: A big thanks to CopperKen for the invitation to post stupid comments.
If we can make it two more days without a PR, we can probably slide through the weekend without one. That will mean one entire month without a PR. We are the luckiest stockholders on this exchange.
Just imagine...one whole month without "forward-looking statements." An entire cycle of the moon without being subjected to unbridled optimism about the possibilities that only could be believed if cows could jump over the moon and if the second law of thermodynamics lost its charm.
Perhaps in the next PR, we will be invited to an event called the Grander Opening. Maybe CPRK will invite dignitaries for the unveiling of what's behind Door Number 1 at CPRK. Is it LTF or is it BK? What a great idea!!
Surely the shareholders deserve to have a little party. We can all go to Milford and sample the wine and cheese table, hobnob near the chocolate fountain, and munch on veggies, dip, olives, crackers, and hors d'oeuvres, hopefully some shrimp, maybe some cocktail weiners, bruschetta, etc., in the process.
Oh, wait! We'll have to wait for improved weather to greatly enhance this Grander Opening. I imagine long about Memorial Day, (is that a holiday?) well then let's just have it in June.
The company does know how to delay things, so I'm hopeful that if we can make it to June without a PR, we can go the entire year of 2010 without a PR from CPRK.
So set your clocks for 2011 to see if our shares are worthless or if they are still rounding to 0.01 or 0.001. By then the mill should be finishing up its initial round of soft start and we will be awaiting the ramp up to full operation.
Hang in there and don't forget to notice how much patience you are acquiring.
GLTA
T
"Me favourite colour is blue,
and me real first name is Richard"
- 'Ringo' Starr
We are so lucky!! I hope our luck holds out. Tuesday has pretty much come and gone and no PR from CPRK. Someone pinch me!
Just over 3 weeks until January 2010. Right now in Milford, it is 3 degree Fahrenheit, that's -16 degrees Celsius.
There are two national holidays between now and our possible circling buzzards.
Without knowing anything, really, about CPRK's financial statements, it is going to be a real shot in the dark for all of us when January comes. It could bring LTF and it could bring BK.
Last January we were looking for positive cash flow, those of us who had read the company's PRs. We couldn't sleep because of all of the sugar plums dancing in our heads. We had been told of possible near term dividends and moving to a superior stock exchange. Yes, last January was quite a great time to own CPRK stock and to await PRs.
When what to my wondering eyes should appear, but a PR last January telling us that CPRK had been involved with geothermal ventures in the world's economic bastion and law-loving haven - none other than Argentina - and had agreed to finance that fine business opportunity.
Later on the weekend of Super Bowl Sunday, if I remember right, we were introduced to two experts from back east who, despite their infamous visit to CPRK impersonating federal agents, spoke the truth that the mill was nowhere near ready for production.
Around that same time we were informed that CPRK would have a Grand Opening. Well, you know the rest of the story.
So, please join me and thank your lucky stars that we haven't had a PR for a while. I hope we don't have any PRs any time soon. They sure can throw you for a loop, especially with this stock.
MD, CM and company should just focus on making CuCon, selling it, getting LTF, and leaving the celebrities alone, along with the extremely tempting business ventures.
Argentina...geothermal...financing agreements!!!
What a fabulous combination for an opportunity, a dream within a dream! O be still my heart!!
Please NO PRs
Thanks
GLTA
I am very happy that we were able to survive the week without another PR from CPRK, especially on the infamous December 3 date.
I consider it a special holiday favor personally from CPRK for every day that goes by that they don't issue a PR.
I simply don't see LTF being a done deal, CuCon production goals being met, or positive cash flow. So until one or more of these is in the bag, I simply don't want CPRK to issue a PR, even if CM himself promised each and every one of us that there would be a PR by some date certain.
Even if there were good news to report, the chances of it being properly communicated to the public is not 100%. CPRK would probably find a way to say it that would result in the share price being lower.
I think the reason that the share price is where it is, is a direct result of what most people believe CPRK will do about the financing situation they are in.
The mill is built, it appears to work. CPRK has a sales contract and is able to ship CuCon and magnetite to the customer. If you look at everything other than the financial structure of CPRK, we are light years ahead of where we were months ago when the pps was nearly an order of magnitude higher.
The big risk here is of MD and Co. bumbling the transition to LTF and going BK as a result. People would rather wait for the BK liquidation and restructure, if it goes public, to invest in 'Son of CPRK' where there would be the possibility of managers selected on the basis of things other than nepotism, community pecking orders, time with the company, years of acquaintence with MD and kin, etc.
My money is on MD and CPRK in the here and now, but I don't think there is much getting around the realities facing CPRK shareholders, unless someone can explain the pps behavior without resorting to all of that talk about manipulation. IMHO, water seeks its own level and so does the pps of CPRK.
GLTA
So far paidmyway has the best CPRK acronym
Who can top it?
CPRK Pretty-much Rocks Koncentrate
CM Probably Reads 10-Ks
CuCon Produced Reduced $K than expected
Commence Publicizing Revenue and Koncentrate
Convoluted Press Release King
Confusing Press Release King
Con-game Presupposes Reckless Konclusions
Congratulate Presumed Resignation of Kin?
With luck we'll avoid another Dec. 3 PR.
Just under 8 hours to go and we will have avoided another PR from CPRK on Dec. 3. The ones from a year ago today hopefully will be the last Dec. 3 PRs we will get.
I want to wish everyone on this board a very merry 'No More PRs from CPRK' Day.
Maybe we can have a contest to celebrate this corporate day of reflection by having posters submit their entries as to what the acronym CPRK means.
My first entry is:
'Counterproductive Press Release King' (CPRK)
Now it's up to others on this board to submit their best entries as to what CPRK means on this special day.
For those of you who are expecting promised PRs to be published on the schedule promised, I simply want to say...'Duh!!'
Please no PRs, esp. not on December 3rd!
For all of you wishing, hoping and praying for a PR from CPRK, especially on Dec. 3, I beg you to reconsider your desires.
CPRK issued PRs on Dec. 3 last year. I invite you to read what they put out and to see what good it did.
I hope they (and we) learned some lessons from that experience.
I recommend that we make Dec. 3 a corporate day of reflection. Perhaps we can designate Dec. 3 as 'No More PRs from CPRK' Day.
If they have legitimate news or info, like publicizing their financials or their operational achievements, that's fabulous.
They just should do that, but no more PRs! Especially not on Dec. 3
Is/Was Dave Jensen related to MD?
A brother-in-law, cousin, cousin-in-law, brother of a brother-in-law, or something like that?
I hope his replacement won't allow the company to say they are a few weeks away from positive cash flows when they are in situations like they were a year ago and that's what the PR said.
I hope the new mill/mining process engineer person who replaces Mr. Jensen has a grade point average lower than 4.0 and citizenship scores that are higher that include integrity, etc.
Does CPRK have a clue yet that they were had by O'Hurley?
I imagine someone like WB paid him to do a media blitz pump and then CPRK, seeing the media hits, paid him as well to pitch the company at their behest.
I wonder if he's laughing all the way to the bank, being a doubly paid double agent.
Please correct me if I'm off base.
Is O'Hurley that slick?
Does anyone share my suspicion that Mr. O'Hurley worked both sides of the street with his recent media blitz and that CPRK went along with it. I suspect double dipping. Please calibrate my perceptions.
This discussion about dilution vs. financed and the $60M mill, buildings, equipment, etc., is nice and adds to the number of posts for CPRK on this board.
The problem remains that if your questions are answered, you are still left with more questions.
That is why it is so important for CPRK to give out their financial statements:
____________ $ Assets
____________ $ Liabilities
____________ $ Owners Equity
____________ $ Revenue (Q or M)
____________ $ Expenses (Q or M)
____________ $ Income (Q or M)
____________ $ Cash/Liquid Assets on hand
____________ $ Cash/Liq. Assets on hand last Q or M
If you don't believe me, just keep giving CPRK and CM an invite/excuse to issue the next big PR that says, (please note that the following is a fictitious example for discussion only):
Copper King Discloses that Mill was financed 54% by dilution and 46% by stock-backed and other short-term loans. MD said that "this disclosure answers a lot of the needed transparency mentioned by independent analysts such as the Caesars report." (this is a fictitious example PR for discussion only)
How happy would you all be if that were a PR? Probably about as happy as we usually are when CPRK lets us know that they have determined that it is colder at night than it is in the mountains.
I don't want more PRs. I'd just like to see some production and financial disclosures. Here is another prediction I have for a CPRK PR in the near term: CPRK is getting ready to ship another 175 tons of copper concentrate after a recent shipping campaign where a truck was sent out each day, accompanied by another truck to follow the truck shipment to the undisclosed smelter.
GLTA longs tomorrow
CPRK simply needs to tell us production numbers.
It doesn't matter to me if they are at 1 truck per day or 2 trucks per week.
I'd just like to know the truth. IMHO the truck-a-day claim was probably a maximum production achieved. I haven't seen any evidence that they maintained at that level of production.
If they gave daily or weekly information, it would be nice.
I imagine any piles or CuCon are off-spec or they would be loaded and shipped.
Here' what I'd like CPRK to post on their web page regarding CuCon. The first two of these number will only go up:
_____ Cumulative tons (or tonnes) of ore received into the mill
_____ Tons of ore shipped
_____ Tons of specification ore stockpiled
It would also be nice to see some financial statements -- revenue, expenses, income (loss), assets (current, fixed), liabilities (short, long term), owners equity (to see if it matches the market cap.), current cash/liquid assets, cash/liquid assets last month or quarter.
None of these numbers are rocket science. None of these are hard to produce. There is no reason that is both ethical and persuasive that CPRK should not provide this info publically.