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Once wy has had his full, if anyone else wants to sell I will be interested.
mickey, it has indeed been a long time.
I dont mind the wait too much and would be interested in buying your shares at a mutually agreeable price. It will be a no brainer on your part as it seems you have given up hope of this ever trading again! Let me know.
Mickey, the company takes time on a regular basis to hold a detailed conference call where they give an update and allow shareholders to ask questions. The last one was held about 3 weeks ago and was very informative. I gather from your repetitive posts that you have never participated in a call. Do you expect Lee to give you a personal call?
Do us all a favour and stop asking the same question. Lee et al are working non stop to get us trading. Show some faith and give them your support and time. Look at what they have achieved so far!
Mickey its the same offering. It was made clear from the onset that the offering was for $1M but only $800K was needed to exit BK. This is stated clearly in the PPM several times. Reading and understanding of the PPM is your responsibility before committing your money. This is an unique opportunity for smaller investors to get involved in a offering like this. Normally we would have to be an accredited investor, unfortunately this is maybe an example of why!
There is also no more risk attached investing a week ago compared to today, if the company had been unsuccessful in raising the necessary money to exit BK, you could have requested your money back. That safety net is now off the table! So how was there more risk???
There is also no dilution, the offering was always for this amount, the shares have been accounted for.
Hello Jfitz57319
There have been a number of exciting developments recently.
There is a conference call scheduled for today. Here are the details....
Thursday June 6, 2013
Dial 305-848-8888 and press 1 to enter conference
then 123-483-5807#
It will then ask you to confirm the numbers
Daytime Call:
12:30pm EST
11:30am CST
10:30am MST
9:30am PST
Evening Call:
8:00pm EST
7:00pm CST
6:00pm MST
5:00pm PST
Otherwise give ChuckD a call and he will fill you in on the all details.
If you have invested $30K, it makes complete sense to invest further to save your initial holding. The current opportunity is fantastic, the future looks very bright if we can raise enough money by the 15th.
Why invest in the ESF?
MANAGEMENT! !
How would the share price have reacted if Mark Dotson had secured financing of $861M? How have current management managed to secure such a vast amount of funding during these financially difficult times? It speaks volumes of their skills and expertise!
Not only has our current management saved shareholders from a certain Ch. 7 liquidation but they have bought us to a point where we are on the cusp of exiting BK with an extremely exciting future.They have invested vast amounts of their time and money in getting us to this point.
I wonder what this management team can do without the constraints of lawyers and BK. Im backing them by investing in the ESF that they will go onto building a successful company full of integrity!
Invest in the ESF by June 15th before it is too late!
Hey emily.
Ive spoke to investor relations a few times back in 2010. The chap that i spoke to was Mark Hamrick. It initially did take several attempts before i could get in touch with him but to be fair he did return two of my calls and im based in London, which i was quite impressed by. Do not expect much in terms of information, they are of course very guarded with what they offer hence i suspect the difficulty in getting in touch with them. Saying that though im a big believer that this will pay off very handsomely one day.
Trueblue and Ken... this is a great idea!
The members of the ESHC have supported us financially from the start! They have risked vast amounts of there own finances to keep shareholders hopes alive! Now us shareholders need to set up and provide the ESHC with the financial muscle to fight these dirty corporate raiders! We have gone through too much just to give up and let them win! The ESHC have shown what an amazing job they can do with limited resources!!
Chuck I dont know how this can be done by im ready to set up and make a DONATION to help continue the fight. Im confident that with the right resources the EHSC and shareholders will prevail!
One day in the future when this turns out to be the next Kennecott i want to say that i helped in a small way to help this company survive!
An amazing accomplishment! Well done!!
Nicely said Rich! We cannot as shareholders be complacent about this, everyone who has the opportunity to vote needs to cast there vote and say YES to consent!
EVERY VOTE MAY COUNT!
John Bryan's previous valuations of the company has shown that he is not interested in saving shareholders! While the rest of the current BOD members were directors during Dotson's corrupt and fraudulent reign! There time as directors is over!
We need to install a BOD that has integrity and has the ability to lead us out of bankruptcy and develop us into a great american company!
The ESHC has shown from day one of there formation that they are the people to do this!
Anyone who has not voted needs to vote now. A vote backed by even 500K shares may make the difference!
This is our chance as shareholders to install a BOD that has some integrity about it! The recent SEC filings have shown that we as shareholders have been getting done over for years.
The scary thing is that the current BOD members were there when this was going on. U telling me that they didnt know about this?!!
Its time as shareholders to stand up for ourselves to install for the first time in the companys history leadership that is properly qualified and has integrity about it!
Our 'hard working' leader in the news again!!! Another great piece of work by Marcus in hiring him!
http://www.dailymail.co.uk/tvshowbiz/article-1388898/Thats-fruity-Fergie-flashes-THOSE-toes--time-classy-photoshoot.html
FFF, i think its a money making machine!
Trav G we just got a shareholder note saying that they are still working on the problems.
Would you rather have Marcus answering 40 emails than working on the real problems?
Thanks Lucky. That is quite a list, does not look like a 'quick' fix at all.
Thanks Candy B. U full of golden nuggets of info!
The main concern i have at the moment is can they get the copper extraction percentage up.
Web u were a strong believer that the company was eventually going to go private. Do u still believe that will happen.
Its character building VVV ;)
I suspect the pps will continue to drift down. However the fundamentals of the company are getting better all the time. Flotation Mills are not a new science. World class engineers will be able to identify any possible problems and offer solutions to maximise production etc. My confidence in the current management is growing all the time. They are approaching every aspect of the business in a transparent logical way. Problem with the mill.... get world class engineers in to recommend solutions.
PW, agreed.
Old management would never have informed the shareholders of the mill being shut down for improvements. We would have spent the next few weeks speculating on how many shipments have gone out.
Thanks F18. I cant see it being too much of a difficult problem to solve.
Thanks M78, great article!
Ken, sounds like someone needs to go visit the mill to get the low down!
Thanks. Damn are those hills rich in minerals!
Nate, that was definetly the intial target. I spoke to MD in December and i know they aimed to ramp that up fairly substantially. I cant remember the exact figure though.
Co, on that point. Does any other 'pit' contain magnetite?
I know we have roughly about 14 months of ore from the Hidden Treasure.
Thanks FFF. Makes sense. We have seen pictures of the completed Cementation tanks but then the latest PR's stated that they are currently conducting tests to determine the viablity. Little strange, why do the tests after building it? Wonder what the score is?
FFF, what are your views on the production numbers that CAM gave on the show?
I believe he is being super conservative due to the problems over the last year.
As Dave McMullin stated Hidden Treasure contains 1.7% copper.
Therefore ore input of 2250 tonnes per day will contain 38.25 tonnes of 100% copper. Which is 84,150 pounds.
CAM stated that at this input the amount of concentration produced will be 25 tonnes. Lets assume that this contains 30% copper (as per previous numbers from the mill). Therefore this is 7.5 tonnes of 100% copper which is 16,500 pounds.
Therefore the flotation process is only extracting 19.61% of the copper in the ore.
Originally i heard the number they were shooting for was between 60-65% with a further 30% being extracted from the copper tailings by the SX/EW or cementation process. Therefore extracting about 90-95% of the copper in the ore.
So at an ore input of 2250 tonnes, the flotation mill should produce about 75 tonnes of Concentrate at 30% copper. Triple the 25 tonnes figure stated.
I suspect Charles is following his principle of under promising and over delivering. Which i can understand but i think there is serious upside. Thoughts?
EDIT: imagine what the figures will be with 3375 tonnes of ore input.
Cheers FFF. I sent him a long detailed email and will try give him a call later if there is time. Its 7pm in London so time is fleeting!
I think i might send Bill Chippass an email of questions to ask CAM tomorrow.
Could be. The President is Ted Davis.
Another key aspect in the PR is the appoitment of a Chief Financial Officer. Its almost starting to sound like a real company ;)
The PR did not state that Marcus Southworth is acting CEO. I think Charles needs to clarify that.
relax mate, its not even 10am yet. CAM said by Monday close of play.
Another area of interest. Will the massive amount of shorting continue? If the price rises fairly quickly, the entity doing the shorting can either cover their position or they can continue to short in the hope that the price will decrease again. It is going to be interesting to see how this plays out.
I have been wondering about the burn rate figure of $800K per month. I would love to see more details on this. It does seem fairly lowish considering the amount of revenues that could be produced.
I gather the figure will increase once full production is reached as well as the implentation of the Cementation process.
Another matter to consider is how much will the monthly debt repayment be once we become cashflow positive.
Thats fine, i will settle for 1 Billion!
webtime do u know if MD will be leaving entirely or will he be moving to another position like COO?
Thanks Sleep. Should be a very interesting week!
So Sleep if this rumour is true, then you believe that Mark Dotson will still remain in some capacity?
You can listen live here...
http://www.billchippasshow.com/