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Jay my man. Venezuela nationalized there oil and cut Uncle Sammy out of the equation a few years back and he no likee. As the U.S. Population grows so do our oil reserves, should be the same for every country. China building oil reserves while oil is cheap makes perfect sense. I don't think any country has the facilities to "hoard oil". Building islands 1000 miles from the mainland has what to do with the price of rice er I mean oil. I'm not upset or trying to be confrontational. My point is the price is absolutely about supply and demand. There is an over supply because our government wants there to be an over supply. What percentage of oil supply does ISIS control? .0001% if that. Not enough to affect global prices. Big oil and Uncle Sam have a plan that is the big picture. Iran is about to start selling oil on the open market and no one wants them getting top dollar for it. Remember oil is produced using the producing countries dollar but sold for U.S. Currency. We don't want other countries "hoarding" U.S. Dollars if they aren't going to spend the money wisely.
Umm says who? I worked on the completion side of drilling until July 2015. Worked in the eagle ford shale the last five years and I know for a fact your 1-2 year theory is wrong. Granted after 1-2 years they're not producing 1000 bbls a day but they have pump jacks on them and they are still producing a lot of oil. Believe me I was there and wells that were drilled 4-5 years ago are still producing shit tons of black gold.
Open the valves, adjust the chokes, make sure the treating equipment is functioning properly, call the crude haulers to come get the oil. They don't have to re-fracture the well or do anything major. Shut in simply means they turned the faucet off.
It takes 1 minute. Open the valves monitor the flow
Hoarding oil??? 42 gallons of oil in a barrel. You can only buy as much as you can consume a store. Where is China storing all this oil?? Would cost billions of dollars to build a "hoarding" facility. The price of oil is what it is because of politics. If you think different your not seeing the big picture. "Hey Saudi Arabia cut oil production or no more F-15 parts for you". What do you think they would do?? Price of oil is down to F?!/k Russia, Venezuela, Iran etc.
Shut in means they basically closed the valves that control the flow of oil. Open the valve and here comes the oil. How long does it take to get water after you "shut in" your kitchen faucet?
$15,000,000 to drill a 12,000 ft well and bring it on line. 300,000 bbls @ $50 to pay for the hole. Wells average about 200,000 a year then decline 10-30% a year. So $50 a bbl is break even for what period of time?? Wells may produce for 20+ years. I would like some hard data on this break even price bullshit. I worked in the oil field from 2007-2015 so I have a pretty good idea how much oil the wells drilled by the big players are producing.
If turd means ATM then you are spot on!
I fell in love with this stock @ .63 and more than doubled my money. What's so hard to understand about that????
I understand. I hope it works out for everybody.
A small bank roll and a little common sense can work also. lol. I hope today is a good one for everybody:)
qwerty1234 explained several times how to alleviate some of the pain. lol. You can still be long and make some cash, some people are hard headed though. I still love each and every one of you.
GLTA
Thanks for the update and all you do for us shiznit.
In a nut shell. CPRK Doesn't have an approved tailings area, it has been documented. Tailings were dumped and may have contaminated soil, it has been documented. Knowing how strict government agencies are about disposal and reclamation, I don't believe CPRK will be aloud to process ore until they have an operating, approved tailings pond. I also believe CPRK will have to clean up the area were the soil may be contaminated. I'm not saying they can't accomplish compliance, but it aint gonna happen in just a couple of days.
IMO.
5-1. Lets see if you are Lucky:)
This is speculation but has there been a post that wasn't, including CPRK PR's?
It was a manner of speaking. I also said the mill operator kicks ass. we know that is not true.
CPRK is wearing a cheap suit. IMO!
J4 my eloquent friend. please reference luckys post#62575.
106.6- plans for protecting & re-depositing soils. It states "soils in the tailings area have already been potentially contaminated and may not be available for reclamation. Please provide a plan that identifies the extent of soil loss (DUE TO IMPACT FROM THE TAILINGS), and how and where soil resources will come from to mitigate this loss."
Key word MITIGATE. Leads me to believe they are concerned about something that is happening RIGHT NOW.
Does CPRK have a tilings pond that is compliant? If the answer is no then were are they legally dumping the tailings? I never said the ground water was contaminated.
I think we got pumped and dumped by the company. I get the feeling they didn't respect us in the morning either....I wonder if the king will call me again? :(
The put away wet, Coppercameltow
Why can't they mine in bad weather?
P.W. Your knowledgeable comentary is welcome regardless.
Toe
Colorado1 Rocky Mountain High,
Judging from your post I'm guessing you would like a little transperancy. Lol. I hope you don't have a heart attack. Hopefully this week brings real news. You rock brother!!!
The Toe (Standing in defiance of my screen name being changed. 'coppercameltoe'!!)
Thanks for the info.
Toe
So if the BOD vote on it, would they have to tell us about it? Or do you have to own a certain amount of shares before you are privy to that kind of info? Sorry, I read the info you posted, but just want to make sure I understand it.
Toe
shiz, when you say, "they would have to vote on it". Who is, "They"?
Toe
Thanks P_W. Everyone else has sush an emotional attachment to the pps, but I do believe your opinions are a little less skewed.
Toe
P_W, your presence on this board is disturbing, mainly because I fear you are right. Given what you assume to know, I would be interested in what you think the future holds for Copper King.
Your disdane for current management is well known, if the mill works as expected, is it possible for the company to prosper under Dotson? What do you think WILL happen to CPRK?
Tired of living in denial,
The Toe
Take it easy sleep. I wasn't saying anyone is to blame. I'm just asking if any of the posters, on this board have first hand mining experience. I think it's fair to ask if there is a possibilty that the updates to the mill, won't process the ore as expected.
sleep why didn't MD' 20 years of experience have the old mill, shipping truck load after truck load to the smelter?
These are questions not accusations.
Thanks in advance for educating me, as I aint had no good book learning.
Toe
Is There anyone on here that has copper mining experience?
There has been some talk, that the current mill configuration can't efficiently process the ore. How could they not know what kind of ore they were trying to process? Is it possible, that the updates to the mill won't make any difference?
The Toe
Sing a song of 5pence, a pocket full of copper;
Brilliant!!!!
You summed it up. Lol. Charts, OS, AS, Short selling, MM's. Everyones a genius, bottom line is poor decision making from the get-go.
Not averaging down, but enjoying the entertainment
The Toe
G-Money,
They can't mine anything and be profitable, without a mill thats running. IMO
Toe
Thanks, Colorado
Toe
After reading CM resume, I can't imagine he would hire on with a company just to be a puppet??? Is it common for a companies PR person to have such a strong background in securities trading?
The Toe
Platinum Investor Relations Contact:
Charles Moskowitz, FOCUS Partners, cm@focuspartners.com, 617-633-2259
Charles Moskowitz- senior vice president Following over twenty years of experience in all phases of marketing and trading activities on Wall Street, Charles founded MoneyInfo, Inc. in 1997. MoneyInfo has helped small to intermediate public companies achieve a higher degree of public and investor awareness through client specific programs which focus their financial plans, and form these plans into cohesive stories. He has directly participated in the long-term realization of potential for several companies, which has included involvement in projects related to the introduction, negotiation and structuring of acquisitions. With a history of retail and institutional sales, Charles has developed relationships with hundreds of brokers that provide a channel of distribution of client securities. Throughout his career, Charles has traded all types of securities thus having the experience to provide clients with real-time information on the trading of their securities, particularly around milestone events. He has helped several new, small and micro cap companies with their moves from OTCBB and Pink Sheets to the American Stock Exchange. Charles was a retail broker with Dean Witter specializing in Commodity futures in the early 1970's, and later became Manager and Head Trader of California Trading Group, a Commodity fund. In 1976, he moved to Bear Stearns where he assumed responsibility for the identification of acquisition and merger partners for private equity players. Charles' experience spans industry lines including software, food, manufacturing, media and "green" technology groups. He graduated with a BA from the University of Miami in Florida.
Tags:
Focus Partners, NY, Public relations service, Senior Vice President
Charles Moskowitz's Job History
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Head Trader at Global California Trading Company Inc
Manager at Focus Partners
2007 to 2008
Sounds like Chuck is the smartest one out there. IMO.
The Toe
Yes. Private___Wealth is extremely concerned!
IMO
The Toe
Exactly what do you know about the "current management regime"?
Sincerly
Baron Von Toemeister
You don't own CPRK shares. You say you have clients invested in CPRK.
What good are you doing your clients by heckling everyone that has a positive perspective on the possibilities of this stock?
The Toe
Web,
I have heard the saying "the rich get richer"
The Toe says.
"Works for me because if the poor get richer they might move in next door"!!!!
I look forward to more of the same.
The Toe
Thanks Webtime.
Sounds like going private would be a possibility with any stock.
Is there a reason you feel CPRK is more vulnerable than any other company in its infancy?
You state. "Give it about 2 years"
I'm still waiting for the predictions of next weeks PR, regular shipments of cucon and LTF to come to fruition.
Seems a bit early for the going private rhetoric.
I do value your insight though, as I am retarded.
The Toe