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Anyone care to suggest a 10 bagger to invest in ? lol
I am out at 0.0005
good luck to all
because they don't wanna wipe current shareholders and would rather give them a smaller stake by doing a R/S
Atleast that's what a lot of ppl are hoping here?? Or would you rather lose all your shares and start fresh?
"The Company plans to schedule a series of
conference calls to brief shareholders and creditors and to answer
questions. Mr. Bryan will chair the call. Conference call information will
be provided as soon as it can be arranged."
Looking forward to this!!!!!!!!
Aren't MS and MD preferred shareholders?? Or they also lose when we lose and are common shareholders like us?
Also another noob question - how they hell do you become a bondholder instead of a shareholder? Seems like they are above us when it comes to ch 7..
Yes I can suggest an option when you have no money, loan on your head, legal action etc.
SELL THE DAMN COMPANY AND THE LANDS. TAKE WHATEVER YOU GET AND START FRESH.
Why I would suggest R/S?
U think after "reorganization" they would keep these many OS?
Can you pls shed some light on the "reorganization" ????
What the hell does reorganization mean? CPRK will magically get money and start production?? What actually happens in reorganization? Reverse split?
Thanks
So are u suggesting that chapter 11 buys time so the company can plan / start production / whatever and then later on negate the ch 11? how does it work?
how the hell is this the best thing for the company?
they restructure themselves maybe do a R/S and then issue new shares? what about previous shareholders?
Think about this for a minute..
The recent changes in management have got to be demanded by the lenders...don't you guys think? Otherwise if the company was sinking (which it is right now), why on earth would they change management at this point?
The way I see it, lenders gave the company final ultimatum:
- Get rid of MD
- Hire better ppl
- Show us results of we pull the plug
If the lenders have supported MD in the past, why on earth would they not give the new management some time to rectify the problems?
Of course this could all be part of my hope that company can still survive but it kinda makes sense.
MD was removed for a reason....and thats why you saw in the recent pr how they blamed him for the mistakes indirectly.
Looking forward to the Annual shareholders meeting..
By pulling the plug the lenders will not get anything back..if there is copper in the ground, their first priority will be to have it recovered.
just got off the phone with CAM
There is no news obviously but he said that there have been no talks of bk or rs on the management side only on the forums and speculation
he still thinks company can survive as it is in talks with several parties. hes holding his position at 1.5 cents and is more than 90% down
he also said trustee sales have been cancelled manny times in the past and hopes same will happen this time too
okay maybe it does not mean BK but it is one of the first steps towards it??
If CPRK loses the mill to the lenders, what will be left anyways?
They will sell everything piece by piece? I doubt anyone will profit from it.
Okay so does the "Trustee sale" means bankruptcy ?
I can't believe I invested in this...was averaging at 1.1 cents...avg down to 0.008 and then recently again down to 0.005
I am so lost..is anyone contacting CAM anymore? Few months ago ppl were posting emails from CAM on a regular basis....is he not replying anymore?
I am not sure whether to sell for a HUGE loss or play it till the end...
Okay so they are not able to sell the CONCENTRATE at the moment because of so many problems...and mill being down.
WHY CAN'T THEY SELL THE "ORE" TO ANOTHER MINING COMPANY WHO CAN PROCESS IT? IS IT NOT ALLOWED?
worst case scenario = bankruptcy?
what will the common shareholders get for their shares? half a cent?
someone at NITE will be waiting tables from tomorrow if this was a mistake lol
same here...no idea what jus happened....did any info leak? mill started probably?? cuz they said it was gonna start as soon as possible....
well whatever it is....I am glad i averaged down...now i am only 50% down LOL
WHOA WHOA WHOA....WHAT JUS HAPPENED?? I JUST REACHED WORK AND THIS BABY POPPED UP 40% ???? LOL
WHAT'S THE NEWS??
Has the company thought about selling the mill / mineral rights / mine to another prospective buyer?
If I remember correctly, this is one of the biggest copper deposits in the US??
I was an investor in a small junior minor (Gold Hawk Resources) who had to shut down operations due to reasons beyond their control..and it was 2008 so economy was pretty bad and they cudn't get financing...lenders didn't force them into bankruptcy cuz they were large stakeholders and wudn't get anything back if they did..
So finally the company sold 85% of the mine to Nrystar (a big player) and got rid of their debts plus have 15 million in cash...now they are looking at other potential mining prospects..
Can this be the fate of CPRK as well??
I just bought 560K more and averaged down.....
hoping that the company will survive and get the mill started again..
the latest pr should be appreciated as there was no pr close to this when MD was incharge...
they have a lot of hurdles but nothiing is impossible. good luck to all
Someone answer this....
CPRK has said many times that they have a lot of copper in rocks....atleast 3-4 times in percentage of what other big players are mining....and enough to mine for 80 years...
Why isin't any big player stepping in and buying the whole damn thing off?
Atleast the new CEO made a statement!! Atleast they are being honest and telling us that the mill is down...unlike before when we were just wondering whether it's up or down.
I am gonna average down this week...looks like a temporary shutdown of the mill...which is normal..when I worked at a steel mill...it used to happen all the time.
HOW MANY PEOPLE HERE WILL SELL AT 1 CENT??
I WILL !!!! I CAN'T WAIT TO BREAK EVEN AND GET OUT. ALMOST HALF WAY THERE..........................
Nevermind...it's for tomorrow
RADIO SHOW TODAY??????????????
Press Release Source: Copper King Mining Corporation On Monday March 22, 2010, 4:05 pm EDT
LAS VEGAS--(BUSINESS WIRE)--Copper King Mining Corporation (OTC: CPRK - News) will be the guest on the Bill Chippas Show Tuesday morning at 10:30 Eastern Time. The show may be seen live worldwide at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.wstu1450.com&esheet=6223426&lan=en_US&anchor=www.wstu1450.com&index=1&md5=2ab189d7c6b742e0c5a54bca9c9167d2.
The Company has prolific resources in copper, gold and silver, and is engaged in mining and milling copper at its flotation mill following a period of maintenance and the installation of capital improvements, including the installation of six additional cleaner and six additional scavenger flotation cells aimed at increasing concentrate grades and overall metal recoveries.
The Company has also performed a series of metallurgical tests on the oxide ores in its tailings to determine the viability of a copper precipitation process as a method of improving its overall recovery of copper minerals from its mill tailings.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company’s expectations and beliefs about its plans to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, equipment failures, execution of default notices by lenders, foreclosure of secured assets by the Company’s secured lenders, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
CPRK on the top 15 formums on investors hub today. Hopefully more investors will notice it.
I don't hate Shorters...shorting is a money making strategy...if you're good at it, good for you. I made very decent money shorting in 2008 during the financial crisis.
But I do hate BASHERS!
They haven't vanished....They have COVERED LOL
Those are getting toast right now as we speak....Which reminds me...breakfast time....how about French toast? LOL
When do u guys think it will pass the penny mark? That's my average..I didnt have enuf money to average down...I'll be happy with a break even. he he he
In my experience, everytime a pink goes down, everyone cries that the stock is being manipulated...
MAYBE IT'S CUZ THE COMPANY IS FAILING TO PERFORM? MILL DOWN, NO BUYER, NO FINANCING, TOO MUCH DEBT, ETC. ETC.
I asked him that I heard the rumor on Investorhub forum that there's gonna be a PR out today...is that true?
He said..Yes I am working on it right now.
I asked if I could any details...does it have any info abt financing etc.
He said he can't give out the details until it is out yet and he's hoping to send it out by today.
PR COMING ANYTIME SOON!!!!!!!
JUST CALLED UP CHARLES AND HE'S WORKING ON IT RIGHT NOW AND TRYING TO SEND IT ASAP....AND HE SOUNDED HAPPY....SO I AM GUESSING WE SHOULD PUT THE SEAT BELT ON AND PREPARE FOR THE RIDE!!!!!!
Everyone put their sell orders for 2 cents so that shorts can't be possible. Otherwise your shares will be borrowed for shorting.
Can u SMELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL...L L L L L L L L....what THE ROCK is cooking!
Just heard from a friend that they received 10 million today. Is that true???????????
Okay, What the EFF is going on here?
I sign on the board after a week..and I see things like Sheriff's sale...Md's resignation...$100 million financing..
Can someone make a Sticky about the current situation and keep on updating it?
Charles also said that making the company reporting takes 60-90 days AND $200K. They don't have the 200K yet to get it done.
Don't know...but I know MD is on his honeymoon and we all know what he's doing