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What makes you believe they
will "start making a profit"?
Do you know something?
Those are all wonderful
ideas. Then there is reality.
1. You need money to institute a buy-back. Enough said on that(esot).
2."B" shares are Voting shares. And management controls them. esot
3.CGFIA has never been good at explaining anything in advance. Best example is the current moment. What does anyone "Know"?
It has always been this way.
It's interesting how people percieve this company. We are in year 8 and have never produced income. The company, and its principals, have always lived off sales of stock.
Yet all I hear are attacks on investers who are and have Always been the sole funding source in this venture. You have a full right to ask questions and recieve Answers. It's your company.
You're paying for it. You pay management. They work for You. They should be Open, Honest and Forthright in what is taking place.
Yet instead, I read posts about "You can take it or leave it", or
"they're inundated with questions".
We're in year 8. It's way past talk time.
Timelines are not that difficult
to predict. This time last year we were looking forward to the DRMS/MRLB meeting in September. It gradually got pushed back to December, and the rest is history. And now here we are in March waiting for another date. Maybe this September.
You are right about Information being out there. Problem is it seldom leads to anything of substance.
But then on the other hand, we do have 15 billion New Shares we can brag about. That's progress.
GO POW MILL!
I respectfully disagree, ficose...
If the downfall comes, it wont have anything to do with negative spin or people taking advantage or even Huge O/S(which we already have).
It will be because we believed in a fallacy. In a story. In people who said they could, but couldnt get the job done. People who found it easier to tell a story, sell stock and make more stock as pps gradually approached absolute zero. People who sucked Brendan into an imaginary world(truth be told, forgive me). Textbook Pinksheet 101.
Dont ever forget, this is all about nothing but Greed.
Are you smarter than the storyteller? Or are they smarter than you? The odds arent in your favor, trust me.
But what do you think?
According to that timeframe,
May 11th is Financial Armageddon?
Well, all I can say is
GO POW MILL!
When I first joined in
this quest back in 2008:
Gold $925.00 oz
95 million O/S
PPS $0.036
Today:
Gold $1420.00 oz
3.4 billion O/S
PPS $0.0009
Here's hoping tomorrow is a Brighter day.
/glta/
I dont believe it's a
case of "If" anyone objects.
For starters, Wally Ericksen, Todd Hennis, and the woman who owns the neighboring property down the hill come to mind.
And those are only the ones we KNOW about.
/gl/
Thank you for the
clarification. I saw it, I asked. And now the question has been resolved.
GLTA
I have it on my
screen as I type this.
Says "Business Depository Resolution on top left of page, Chase Bank on top Right of page, and
C. Stephen Guyer, President
on middle of page.
Looking at it right now. Eyes dont lie.
Have no idea what you're looking at, but it surely isnt the same page.
william, I copy/pasted the link
here to save you some time.. 567tbd originally posted it yesterday. post 13503:
http://drmsweblink.state.co.us/drmsweblink/0/doc/927169/Page1.aspx?searchid=dca9a0c3-a5b4-4f42-88d9-718d531e3006
Click it, then scroll down to the last page.
If you dont see
Stephen C. Guyer, President
you may want to consult an opthamologist.
/glty/
William, yesterdays post 13503,
scroll down to signature page(last page).
Now tHat Mr Guyers in charge we will see a new energized momentum.
When the Permit is approved in a few weeks, we will be justly rewarded.
GO POW MILL!~
GLTA!
Now that Mr. Guyer is
President of CGFIA, we should see a new momentum and expertise that will get us to the finish line very rapidly. We all know the remarkable Energy level that he brings to this project. And The Increase in A/S should be looked at very favorably. Now he will be able to spend any monies necessary to reach our goals.
I agree that progress was
slow for a while, but, we are moving forward quite well now. And when the DRMS issues our Permit any day now the Mill will be ready to resume operations. Then when mining commences in late May(I expect)our pps will take off like a rocket. I see 1000% weekly share price increases being attained as gold marches steadily towards $4000/ounce(I expect). Dont forget that our milling costs are extremely low and thus will increase our profit margin immensely.
And dont forget Silver in this equation. I have heard $100/oz is very possible in the near term.
My charts are showing a minimum pps of 90 cents. With a potential high pps in the 17 dollar range.
Mr Guyer is the man who will get us there. He's a truly remarkable individual.
So, fasten your seatbelts. The Gold Train is leaving the station and it's loaded!
It's going to be a fantastic ride.
GLTA
Once shares sre spoken for,
restricted or not, the inevitable result is they eventually become O/S.
The word "restricted" is not a protective blanket.
and corson's point is well taken. You should do everything possible to improve pps BEFORE issuing new shares. Perception becomes reality. Effectively, this plays into a Dilution scenario. The lower the pps, the more shares needed sold to raise capital. Becomes a self fulfilling prophecy.
The invester base suffers most as break even becomes a more distant possibility with every new share.
With all due respect, the only salvation I can see is in an expeditious outcome on the Mill Permit. The MM's will eat this thing alive on a daily basis until that occurs.
/gl/
The downfall of every
pinksheet company that ever existed: the Printing Press.
It's just too easy to go from A/S to O/S.
3,600,000,000 O/S and we sit at $.0009
With 15,500,000,000 A/S waiting in the wings.
and a Form 4 to finish off the day.
Better hope that permit is here real soon. Real Soon.
we shall see.....
/gl/
At least we have bought more
time. Hope they use it wisely.
Read through all that.
Just a Question: what is with the signature?
Is Guyer the President of CGFIA?
I thought Rice was.
TIA
You may be correct about the
future direction. I do believe we will see the previous lows
(.0006), and quite possibly lower, before any reversal occurs. I am stil watching the O/S as it will foretell movement.
Without production or its possibility, upward moves of any value are slim. Excluding a fat finger.
Rest assured, we're not going to get any help from the MM's.
If I were Rice and company, I would be devoting every moment to the Mill Permit. Time spent doing anything else is wasted time. And we're running out of that luxury.
We shall see...
glta
I remember back when
Burkhard was telling everyone " Everything you need to know is in the 10Q. Complete Transparency"
But I dont remember reading anything about $.0008
I'll read it again. Maybe I missed it.
glta
Its very important to
remember to keep your powder Dry!
We should be getting to $.0001 within the next few weeks. That will be the time to BUY BIG!
Imagine, 10,000,000 shares for $1000.00
Or 300,000,000 shares for $30,000! You could practically OWN the Whole Company! Sounds REAL good to me.
We're getting there. Be patient. And stay Dry for now!
GO CGFIA!
/glta/
I agree that progress was
slow for a while, but, we are moving forward quite well now. And when the DRMS issues our Permit in April(I expect), the Mill will be ready to resume operations. Then when mining commences in late May(I expect)our pps will take off like a rocket. I see 1000% weekly share price increases being attained as gold marches steadily towards $4000/ounce(I expect). Dont forget that our milling costs are extremely low and thus will increase our profit margin immensely.
And dont forget Silver in this equation. I have heard $100/oz is very possible in the near term.
So, fasten your seatbelts. The Gold Train is leaving the station and it's loaded!
It's going to be a fantastic ride.
glta
I use TDA and they do
offer a Stock Selling option. But you have to pay a commission when you use it.
I mean, we're losing money already and they want to take more?
Can you believe that? What a ripoff.
Thanks for the advice, flathead. I'll look into Scottrade.
This is the kind of information that Really Helps us all.
That's what Investment forums are all about.
glty
It's only been 7 years and
they've only sold 3 billion shares.
And they are Experts.
Patience is a virtue.
or something like that.
/gl/
Does anyone know when
"Gold Dynamics in the News part 10"
will be coming out?
TIA
WCS, that is all well and
good. But you should not forget we have an Expert Management Team with Decades of Experience in the Field of Mining and Milling. How many junior companies can say that?
Look how quickly they are moving ahead and how well they have done so far!
glta
Here's hoping we will
be hearing something very positive, very soon.
glta
thx bsdaddy. and LT, maybe
Im the one who is missing this. I was of the understanding that one needed to appear at a meeting in order to submit an addendum.
If thats not the case, do you know if the Permit addendum has been submitted?
TIA
glta
Gold $1431.00+...Silver $36.00+
Anyone know when we will be on the DRMS March meeting Agenda?
TIA
I totally agree....
I dont have an issue with that Fat Finger event. Mistakes happen, if thats what it was.
The only residual problem I see is for the Techies. Since the FF appears as the current 52 week high, a new technical follower to CGFIA could actually believe we have dropped from that level in the course of a year. And that's not true.
But, it happened, so it has to stand.
Anyhow, lets hope we can start moving in the right direction.
I want to start feeling like Brendan.
GO 35 acre tailings pond property that just might save the day.
glta
As most might recall,
"...hasn't the pps been double that figure since you wrote that old post?"
Your right.
What Day was that?
Came and went so quick, I forgot.
And let's not forget that 3 second Fat Finger. That was a Biggee too.
No excuse necessary. What I
said then in 2009, word for word, I unfortunately say now:
"The stock closed at $.0026 today.
I'm afraid in the future we will all look back and wish we could sell at that price".
PLEASE make a liar out of me! PLEASE!
ficose, I have no idea what you are
eluding to. You bring up a post from 2009, after EVERYTHING that hasnt happened in the last 2 years.
And you want an answer from me?
Let me reserve something from that post in 2009, word for word, that rings true today:
"The stock closed at $.0026 today.
I'm afraid in the future we will all look back and wish we could sell at that price.
Ficose, I cannot agree with you. I'm sorry."
I'd expect this from Burkhard.
But not from you.
I have been a stockholder for
nearing 4 years. This is almost like a revolving door with no exit. I originally got in because the basic premise sounded solid. Seek out previously productive mining claims that were closed when metals prices were low.
As the metals prices rose, mine the most productive sites, generate revenue and grow.
When that didnt pan out, the focus moved to running a Mill, generate revenue, and open the mines.
We never seem to get closer to the Gold. The biggest surprise to me is Lee Rice. He has over 40 years experience in this Industry. How can he not know the way to approach this project? After 40 years!
That baffles me.
Anyhow, we shall see. Im in it to win it. Just hope we have the horses.
Go 35 acre tailing dump site about 2 miles up the road that we need to negotiate on before all shares are worthless.
glta
ruke, I will be the first to
admit I have some reservations here. Your right about the Gold Price and CGI's pps. They've never had Anything in common. Thats why I have often wondered about bobhwang. But I digress.
But, on the Plus side, "IF" (and that's a Big IF) CGFIA can actually show that they Will Definitely be Operating the POW Mill, this thing will take off like a rocket.
So far, they havent come close. The current pps is the best indicator of that. The market isnt stupid.
But we can Dream.
and thx TRU. You're right, there are some things we just cant afford to lose.
Go 35 acre tailings dump property about 2 miles north that we hope we can borrow money to buy if meetings go well sometime in the future.
glta
Yes, especially the part about
running through money we dont have. We've been doing that for years. No reason to change now.
Go 35 acre tailings dumping property about 2 miles up the road that we hope we can buy sometime in the future with borrowed money.
glta
All of this information is well
and good. I wish it was diseminated in a more timely manner as opposed to waiting for the next 10q.
That as it were, the recent valuation changes remain to be of little value to the companies stated purpose. We have no way ofgenerating income unless the Mill is up and running(I know,Duh!)
Untill that time, we'll be running thru money we dont have. And the longer that happens, the weaker we will be percieved in the marketplace.
At this point, that is the true danger we need to avoid.
jmho
glta
We recieved Gold Dynamics in
the news email this morning. The usual Peter Schiff fluff.
Interesting that on the same day Grizz finally gets a response to his request informing us of a longer upcoming process.
They couldnt include that in todays email?
and mecoors, I hope your 90 day(give/take)is accurate. But I think we're done for this year. Even if they got an approval in the fall, with the weather, we're into 2012. Personally, I dont see this process coming to fruition anytime soon. Then theres the Money isuue.
and remember my pps prediction.
Go 35 acre tailings site property a couple miles up the road that we still have to buy with money we dont have!!!
glta
He's a source of information
regarding things that are publicly known. And that seems to be more than what we think we usually know. At least more than I knew yesterday.
Mr Guyers email is most important. Finally the Truth will out.
We have a Long and Expensive road ahead.
Question now becomes whether we have the Boots and the Bucks to make it.
On a positive note, Golds up big today. Think it'll help?
I used to end with "GO POW MILL!"
Forget that.
This is more accurate:
GO 35 acre Tailings Property somewhere a few miles up the road that we still have to buy with borrowed money!!!
glta
Grizzz, if tonites posts arent deleted,
I'll eat a bowl of Brocolli.
And I hate Brocolli!
luvya
(you too ficose)
Take care
it's only money
(but it's our Money)
whatever, /gl/
Dave, no one could've said it better!..
Where are they in the process?
And if its all "Public Record", why are we, the OWNERS of this Company, still trying to guess what's going on?
This isnt right! and it hasnt been right for a long time!
Hurry up and Wait isnt cutting it anymore.
CGFIA, Talk to your SHAREHOLDERS!!
and Brenden, "Love" has nothing to do with this! Would you PLEASE get a GRASP on REALITY?
(sorry, I can only take so much)
glta
ficose, I sincerely hope
you're right.
But, historically, Hope doesnt cut it in the Pink Sheets. Or the OTCQB sheets, or whatever their calling it this week. And there's no time to lose anymore.
Wait! Are we on the Agenda this Month?
If we are, I take it back.
/gl/
ficose, what happened one
hundred years ago is the exact problem we face today.
And believe me, I know how stupid Todd hennis was. Unfortunately it took me while to see it.
And No, Ive never been to Silverton. But I do know the Pride of the West Mill was shut down in 2005 for Environmental(that word just keeps coming up) issues. Coincidence?
And to say that Wally Ericksen is the problem is uber simplistic.
He's just the problem's current face of objection. And when he's gone, guess what, there'll be another face.
Bank on it.
Average life expectancy in America today is 78.
I have 44.
What do you have left?
Hey, yathink we can outlive it?
/gl/