Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TripleL whatever happened to this funding? Thanks!
Quote:
2010 Planned Accomplishments
1.Raise $1 Million in Q1; and, up to another $3 Million in Q2
2.Put flagship project into production by end of Q2
3.Continue with the second phase of the Company's planned exploration program to attempt to quantify the fine gold available on the property as well as increase the Measured, Indicated and Inferred reserves published in first release of the Company's N.I. 43-101 Report
4.Secure additional concession rights to become the single largest contiguous concession rights holder in the area.
AFYG $44K POTENTIAL A DAY just using picks and shovels would be $1,144,000!
Holy Crap!
So if they are able to
$44,000 DOLLARS A DAY!!!
I agree completely, I keep finding more and more information. I can't even sleep! Because of all this!
OMG!!! Please read this post about GOLD could go to $2,500!
AFYG ALERT ON CHINA BUYING GOLD!
DID EVERYONE READ THIS POST???
If you did not please do so now and I will point out specific items that you might want to take heed of.
SeccoTech Said: AND BOY DID HE SAY A LOT!!!
Why will gold be a great investment?
China's Stealth Move in the Currency Wars
Five years on from the Great Financial Crisis and whilst it might feel like little's changed for us as individuals, different nations and their central banks are engaged in heated currency wars. In a race for exports and to inflate away huge debts it often looks like a game to print as fast as you can.
However, amidst all this China is stealthily pursuing another strategy, little noticed by most in the West.
Whilst ensuring her banking system has sufficient liquidity, China is quietly accumulating stunning amounts of gold bullion. The Chinese authorities are also actively encouraging their citizens to stock up on gold bars too. Some of the most powerful politicians, bankers and academics in China are overseeing China's gold plan.
China has identified gold as a strategic financial asset and is acting on this conviction.
Explaining China's gold fever
Like many exporting, mercantile nations China has been building up large reserves in other currencies, most notably in US dollars. Like other holders of dollars China is vulnerable to Federal Reserve money printing, which devalues her hard earned national savings. After experiencing such devaluations in her savings, and with the long-term goal of launching the yuan as a global, reserve currency, China has naturally looked for alternative savings, less affected by inflation. Hence the focus on gold.
This is not something China has done in a knee-jerk reaction after the crisis of 2008, although this phenomenon has got a lot more impressive to behold since then.
In the late 1990s China was already paving the way for more use of gold in the Chinese economy and banking system. In the early 2000s things started to hot up, before even greater developments over the last five years really attracted attention. This infographic shows the trend evolving.
What's the end game for China?
In the short term China is looking to safeguard the value of her reserves, whilst in the medium and long-term she is looking to grow beyond American and Western financial power.
To meet her goals in the short-term China has not just been buying gold but also mines and mineral interests around the world. She wants to own real assets during a time of heavy currency debasement.
In the longer term gold is a crucial part of her strategy too.
Understanding the power and privilege of owning the world's reserve currency - something the Americans have enjoyed for over 50 years - China is looking to make the yuan a challenger to the US dollar. China wants a future where more trade is conducted with her currency than the dollar and to achieve this she needs to make her own currency the more attractive option to use.
Replacing the dollar
To make the yuan more attractive than the dollar China needs investors and speculators around the world to believe the yuan is safer and sounder.
China can achieve this by printing less and restricting supply of her currency, making it relatively more attractive compared to other more debased alternatives.
China can also back the yuan with gold, as the British pound and US dollar were for great stretches of their dominance. Holders of yuan can then go to the Chinese central bank and trade it in for gold bullion if they think supply of the currency is not being managed responsibly enough. This is why many in the gold market believe China is piling up gold in the vaults of the Peoples' Bank of China.
China is going back to the old-school when it comes to money.
Although this trend is something much commented upon in niche, gold market circles, it's amazing how little of the wider public are aware of what China is really up to here.
China has identified gold as one of the trump cards in the currency wars. She's now hard at work making her trump cards count.
Hey SeccoTech,
I did read what you have pointed out, but I think that it appears to me that some of that data may not be complete.
I searched and found this data when Gold Hawk & Meridian Gold were working this project together doing their drilling program.
SEEMS TO ME THERE IS LITERALLY A TON OF GOLD THERE!
READ THIS! GOOD GRIEF!!!
Montreal, Quebec, March 26, 2002. Meridian Gold Inc. (MDG – NYE, MNG – TSE) and Gold Hawk Resources Inc.
CGK – CDNX) are pleased to announce that they have signed the following agreement on March 25, 2002 :
Gold Hawk’s Machacala property is located approximately 40 km east of the coastal city of Trujillo, Peru, at an elevation
of 3,000 m. More than twelve sub-parallel gold-silver mineralized quartz veins ranging from 0.5 km to more than two km
in length have been mapped on the property. They vary from 1.0 to 30.0m in width and are sub-vertical. Limited mining,
230,000 tonnes at 6.0 g/t Au and 340 g/t Ag (D. Goffaux, 1977), was done between 1979 and 1991 by a Peruvian
company (Sta-Isabel). In 2000, Gold Hawk obtained average values of 11.6 g/t Au equivalent from the first diamond
drilling program ever conducted on the property (Oct. 10, 2000 press release). Three veins were tested by five widely
spaced short drill holes. Most holes included significant mineralization values on widths ranging from 1.5 to 3.5 m. The
best intersections were:
- Hole no. 2, 11.69 g/t Au equivalent over a core length of 3.65 m – Casa Fuerza vein.
- Hole no. 4, 17.30 g/t Au equivalent over a core length of 3.15 m – Fragua vein.
- Hole no. 7, 12.8 g/t Au equivalent over a core length of 1.5 m – Caridad 2 vein.
THAT IS HUGE! There is more GOLD here than even AFYG is alluding to because I think they are doing the old axiom of under promise and OVER - DELIVER!
Those core lengths are very short yet showed large amounts of GOLD in them!
Ripe and ready for immediate production
quote: "210,000 metric tons of tailings with grades estimated at 1.34 g/T Au and 56.36g/T Ag (Gold Hawk, 19970)"
Agreed. It's best not to get into predictions about when production will begin. However by definition 'tailings' are ripe and ready for immediate production and at low cost. There are a lot of tailing's that only need to be processed. And that process, when it begins, could start to bring in an almost immediate source of revenue for Affinity Gold.
You know I realize that he has put that information in press releases but it is also in the Corporate Presentation as well and that could net serious revenues quickly.
It will depend on how much they can process per day and what the average au/ounce is that they are able to leach from the tailings.
LOL! Well you better be quick because I will just hit the ASK above you and get the shares over you! LOL!
Hey Chillaxin, that is a very real possibility!
Well I will be certainly loading the boat all I can over the coming days!
Hey Backdrat, what I think he meant was that he was hoping he could pick up a few more shares at lower prices and that if it did plunge he would be there to grab them as well as buy all he could on the ask.
I think.
Ha Ha Ha! Roger that! We be Golden cause the Gold is here!
Well you will be chasing after me! LOL!
That is what I am thinking and I am thinking we need to work together to do some serious DD and start letting people know about the GEM that is about to become very real!
Difference means that the rest of those shares are either restricted or in cert form or on the books but not in cert form. Does not matter! What matters is the FLOAT IS EXTREMELY SMALL! And is close to getting locked up or is already locked up and any major news and this thing goes PARABOLIC!
I could not believe that they ACTUALLY still did phone calls! YOU HAVE GOT TO BE KIDDING ME! But it is truth, starts with the automated systems, but for Pink Sheets, they do not even bother! They actually have to call around, or email. WOW! Who knew!
I called the company, the Float is correct!
Do you know what this means!!! OMG!
THE FLOAT IS SO LOCKED UP!!!
No the Transfer Agent is not gagged!
The company is transparent. CE is OFF!!!
AFYG is up 38.89%!
And this is just the beginning!!!
You are so right there! We could see .12 today if this keeps up!
I was buying at the ASK, above the ASK, and then went to the BID to get shares! Nothing happened. Had to call Broker to find out why I was not getting filled. They have no shares!!!
I had to call my broker to get shares!
IT IS OFFICIAL! UBSS DOES NOT HAVE ANY SHARES!!!
They had to borrow from another Broker!
THE FLOAT IS GONE!!!!
LOAD THE BOAT PEOPLE!!! THIS THING IS GONNA FLY!!!
AFYG NEWS
Affinity Gold Corp. Announces Improved Listing Status With OTCMarkets.com
MAPLE GROVE, MN--(Marketwired - Nov 15, 2013) - Affinity Gold Corp. (OTC Pink: AFYG) ("Affinity" or "the Company") is pleased to announce its improved listing status with OTCMarkets.com. As of this morning, OTCMarkets.com has removed the Caveat Emptor icon from the Company's listing status and is now listed as "OTC Pink Limited Information."
"I'm very pleased with how responsive and helpful the staff at OTCMarkets.com was in setting expectations and guiding us through their process to allow Affinity to resolve this matter quickly. I've been absolutely impressed with the level of service and support provided by OTCMarkets.com through this process," stated Corey J. Sandberg, President & CEO. Mr. Sandberg went on to say, "We will continue to work towards increasing the level of transparency as we progress towards becoming current with our regulatory obligations and preparing the company to further improve its listing status to correlate to the level of success expected."
About Affinity Gold Corp.:
Affinity Gold Corp. is a mineral exploration and development company engaged in the acquisition and development of near-term precious mineral production properties within Peru. Affinity Gold Corp.'s primary focus is on developing assets that have demonstrated historical production, contain documented and reliable data and can reasonably begin producing within 12-18 months at a cost of less than $900 per gold equivalent ounce.
www.affinitygold.com
http://finance.yahoo.com/news/affinity-gold-corp-announces-improved-144500425.html
No I was on the ASK first, then went to the BID, now both, NOTHING!!!
I am on the ASK and at the BID and not GETTING FILLED!!!!
Is everyone else having the same issue???
AFYG ALERT!!!
AFYG CE LIFTED!!!
AFYG NOW ONLY YIELD SIGN!!!
AFYG FREE TO ROCKET NORTHWARD!!!!
THANK YOU AFYG MANAGEMENT FOR YOUR DILIGENCE AND COMMITMENT TO INVESTORS AND SHAREHOLDERS!!!!
AND ALSO THANK YOU TO OTC MARKETS FOR WORKING WITH AFYG SO QUICKLY!!!
WOW!!! LAUNCHPAD CLEAR! ROCKET FUELED!! AFYG REPORTS ALL SYSTEMS READY FOR LIFTOFF!!!
The Party has not even begun, but when it does! Loooooookkkkkoooouuuuttttt!!!!
>>>>>>>>>>>>>>>>>>>>>>>> ROCKET TIME!!!!!
Well SeccoTech we all do and we can see things evovling and at a very good pace too.
Just a matter of time before things start moving a little faster and more people become aware of this stock.
Going to be more fun than it is now.
Especially with the new Director Craig Laughlin on board.
Welcome aboard fiancerino! What is happening is obviously well planned out by the sequence of events and the Company PRs keeping up informed of what is happening. Can't wait to see what will be next.
Good to have you hear Berta! I think we have a real winner here and like what I see unfolding.
I have been doing a lot of research and will be sharing what I found and am putting 2 and 2 together.
I recommend looking back at the PRs and seeing the sequence of events that could be unfolding by the transitions between companies.
Clearly something has happened already, because of all the activity and movement. And you don't bring on that kind of talent on board without a plan. And that plan clearly seems to be in action.
AFYG 8K!!!
They now filed an 8K confirming the PR! THIS MAKES IT TRULY OFFICIAL!
Craig Laughlin accepted to Board of Directors!
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 8, 2013, our Board of Directors accepted the resignation of Corey J. Sandberg as our Corporate Secretary. In addition, on the same date, our Board of Directors accepted the consent to act of Craig S. Laughlin and appointed Mr. Laughlin as our non-executive Corporate Secretary and a director of our company.
Biography of Craig Laughlin
Mr. Craig S. Laughlin (age 63) is the founder and President of SRC Funding, Inc., a private company owned by Mr. Laughlin through which he has provided business consulting services and engaged in private investment activity since 1991. During the past 22 years, Mr. Laughlin has served as an officer and director of numerous public companies through which he has structured reverse mergers and funding transactions for micro-cap private companies. Mr. Laughlin currently serves as the Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer of HPC Acquisitions, Inc., a reporting issuer posted for trading on the OTCQB that is seeking an acquisition; and as the Chief Executive Officer, President and Chief Financial Officer of Renewable Energy Acquisition Corp., a reporting issuer seeking an acquisition in the renewable energy space. From August 2002 to July 2006, Mr. Laughlin served as an officer and director of Simplagene USA Inc. (now Dinewise, Inc.) where he managed a self-underwritten initial public offering. From June 2005 to April 2006, Mr. Laughlin served as a director of Dotronix, Inc., and served as its President and Chief Financial Officer from October 2005 to April 2006, where he was involved in spinning off a legacy business and preparing the company to acquire a new operating business dealing in over-the-counter health care products. Mr. Laughlin obtained his Bachelor of Arts (Psychology) from Macalester College located in St. Paul, Minnesota in 1972.
Item 7.01 Regulation FD Disclosure
On November 13, 2013, we issued a press release announcing that Craig S. Laughlin has been appointed as our non-executive Corporate Secretary and a director of our company.
A copy of the press release is attached as Exhibit 99.1 hereto.
Awesome!!! Share with all of us your Crystal Ball Views!!!!
PLLLLEEEEAAAASSSSSEEEE!!!! LOL!
ROFLMAO!!! Uh, I second that! For me as well!
What more can you say to that? The CEO has proven that he is doing what he stated he would do from the previous PRs.
This is building very nicely.
Okay, well, are you going to share with us what that ability is? LOL!
My sentiments exactly! This is getting very interesting indeed.
Look at this guys background and history! Guys this is huge!
Craig Laughlin - LinkedIn
This is very indicative of a company putting together a team of professionals for a very good reason.
This tells me there are many things happening in the background and I am wondering what is next considering Mr. Laughlin's Credentials.
Craig Laughlin
Founder at Renewable Energy Acquisition Corp.
Greater Minneapolis-St. Paul AreaInvestment Banking
Current
Red Hawk Capital, LLC, SRC Funding, LLC, Renewable Energy Acquisitions Corp
Previous
Berkley Renewables, Gold Standard Medical
Education
Macalester College
Managing Partner
Red Hawk Capital, LLC
2007 – Present (6 years)Greater Minneapolis-St. Paul Area
Red Hawk facilitates Chinese investments in U.S. real estate and equity opportunities. This is very interesting to say the least as to the capability of this individual.
(Open)1 recommendationPhilip Wright [LION] {WTMY} [Will Never IDKY]
[color=green]Philip Wright [LION] {WTMY} [Will Never IDKY]
Founder and CEO at BrokerBank Securities, Inc. and Crowd Funded Securities, Inc.[/color]
Mr. Laughlin is a person of high character and has good business ethics. He probably has one of the bet understandings of smaller Chinese business practices in the USAView
Founder
SRC Funding, LLC
January 1991 – Present (22 years 11 months)Greater Minneapolis-St. Paul Area
SRC Funding is a single member LLC through which I have done business consulting and personal investing since 1991.
Founder & President
Renewable Energy Acquisitions Corp
September 2007 – Present (6 years 3 months)Greater Minneapolis-St. Paul Area
REAC is a Form 10 or "virgin shell" company publicly reporting to the SEC and seeking an acquisition in the renewable energy industry. We are currently under an LOI with a solar developer in Hawaii to take them public in connection with a funding event to create a smaller version of the Solar City business model.
(Open)1 recommendation
Ron Touchette
Broker/CEO ROCK SOLID Companies, MN & FL. Director, General Board YMCA of the Greater Twin Cities
For 25 years I have worked with Craig and have continuously relied on his integrity, strength and knowledge in whatever deal we were doing along the way. When you have worked and played with someone so close for several decades it becomes hard to...View
GM Chillaxin, I actually did state that in my post that it was only the Machacala Project and did not include the Cambalya Project.
But you also made some extemely good points about the 9 OTHER VEINS THAT HAVE NOT BEEN EXPLORED AT ALL!!!
WOW! WE HAVE TRULY STRUCK GOLD HERE!