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.
Chuck D. : please post a note on what is currently happening with CPRKQ. Are there any up coming events that investors should be aware of. Of course, I am nsot asking for illegal insider information, just the latest public news. Please let investors know how we can help.
Thanks
Projected Valuation. aka FUN WITH NUMBERS!
Yes, I know there are about 50 thousand "IF" statements that can be thrown at this logic. Everything from PN lawsuits to LTF dilution of shares and the glaring fact that we are in bankruptcy proceedings...............
BUT!
Given that the current outstanding share quantity is 5,839,173,422
and current PPS is .0031 that value if CPRK is $18,101,437.61
IF some entity valued CPRK at $100,735,815.12 and the share quantity stayed constant at 5,839,173,422 the PPS would be $0.0173. Not too shabby.
Keep dreaming. It is what keeps hope alive.
Moonster
Interesting question. If you had $400K, where would you invest it?
AND - For your reading pleasure, copper price:
http://www.marketwatch.com/story/gold-inches-higher-copper-rallies-2011-03-23
Copper also rallied Wednesday, with May copper /quotes/comstock/21e!f1:hg\k11 (HGK11 440.75, -2.10, -0.47%) adding 12 cents, or 2.7%, to $4.43 a pound. That was copper’s best settlement since March 4, and lifted shares of copper miners on the S&P 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,298, +3.77, +0.29%)
Stock of Freeport McMoRan Copper & Gold Inc. /quotes/comstock/13*!fcx/quotes/nls/fcx (FCX 54.91, +0.03, +0.06%) rose 4.5%, while Newmont Mining Corp. /quotes/comstock/13*!nem/quotes/nls/nem (NEM 54.83, +1.66, +3.12%) added 2.3%.
Estimates put the cost put of Japan’s disaster at $309 billion. Copper has gained off and on amid expectations that rebuilding Japan will demand more of the metal, used extensively in electrical wiring in construction.
“There’s so much demand in Asia, even prior to Japan,” Olympus’s Nedoss said.
Supplies of copper are thought to be thin, and inventories at the London Metal Exchange have recently decreased.
Given the clarity, I would hope to have the fortitude and perserverance to invest as those who have recently invested $400K.
IMHO
The Lucky 13 - "Moonster"
Goodluck Chuck. We are all rooting for you. This is huge!!!! I hope you are able to win over the judge.
Since Alpha Natural Resources already had their checkbook open buying rival Massey for $7.1B, they could have added another $600 million to the deal and had a very nice CPRKQ copper mine and mill as well.
I know I would be happy to be sell out at 10 cents a share. "Keep dreamin" It's what makes America great.
Link to Massey deal below.
http://online.wsj.com/article/SB10001424052748703956604576110702830808140.html?mod=mktw
Opportunity Cost.
The recent information that has been posted is very impressive. Great thank you to the ESHC for their diligent effort.
The reason there has not been more positive action around pps is there are still too many unknowns. Although the reduction in debt is amazing the question that remains is “at what cost”. As all of this process is a negotiation, what did we have to give up to get what we received?
I would love to hear from the equity shareholder committee regarding the opportunity cost.
Regarding investments in BK companies, survival (of shareholders) = profits.
This will remain a high risk / potential for high return investment until all of the opportunity cost is clearly defined.
GLTA
Moonster
I lurk here everyday.
The close of 2010 draws near. RTR has left the building. The fate of the company, investors, and creditors lies with the court. What new things will next year bring?
Perfect timing from CAM.
No realistic person would think CPRKQ is out of the woods, but every day a little more hope comes to my portfolio.
13
FFF - Please add my shares to the list.
6.8m
mm13cbr600f2@yahoo.com
Sleep - I guess I do not understand.
The notice of sale was not initiated by CPRK - I assume it was initiated by the creditors.
Are the creditors using this as a way to prompt CPRK to come up with the cash to pay them immediately?? (Take any LTF available - merge etc?)
I am confused as to why CM would say that the only people talking about BK are on the message boards.
Am I missing somtheing here? Isn'n a notice of sale a foreclosure - (nojudicial bankruptcy proceeding)?
Anyone with expertise here, I would love to hear your thoughts.
As I understand it, the only way out from a notice of sale is for the business to come up with the money 5 days before the sale date.
Ignorance is NOT bliss.........13
Dear Kennecot,
(or insert four favorite mining company with cash to burn here ____________)
FOR SALE: One good (sort of) used (barely) mine that works. (well not exactly)
Asking price of $250M. A substantial discount below the "potential" returns on the land assays.
$250M equates to $.04 pps for all shareholders. Okay hands up, whom is willing to part with theur current shars at $.04?? (ME!)
Seriously, why is this not being shopped as a potential buyout?
Could a potetnial buyer be waiting to pick up the pieces after the BK and avoid the $60M in current debt? - Hardly. The land owners rights will be scatterd to the four winds after a BK. Then there is a slim chance to put the pieces back together. (Just ask MD, it reportedly took him 25 years)
Seems like a logical choice for everyone involved. So, my thinking must be flawed. (The deterence must be the root of all evil - called litigation.)
(No back to the cynical stuff)
My postulations, and hypothesis with no basis or merit.
Do your own speculations with your own money, on your own time.
blah, blah, blah.
Please do not discount my ideas because I am new to this board. I am not new to investing, although I admit to being new to pinksheet investments.
Just like many here, I can do a fair amount of reasearch. Still, the level of research and diverse experience of this board both impresses and fascinates me.
My post was a call to the lawyers and finacial mangers that have posted on this board to come together, develop a plan and take action.
There are many here that could contribute to the success of CPRK by doing more than making a nominal cash investment.
Where there is a will and proper motivation - there is a way.
For the record, I own 6.8M shares that I bought on 1 March, and I am holding them for the long (hopefully) run - to see what happens.
13
CDL,
I agree Marcus needs to be focused on the problems. My point was that there is a lot of expertise, on this board, with a vested interest in the success of CPRK that is not being utilized.
13
TravG,
His blogspot is http://www.blogger.com/profile/10385401888294709054
The blog lists his e-mail as Marcworth@gmail.com.
Some else here may have an e-mail account from CPRK, but I do not.
Investors organize and push CPRK management the right direction.
It may already be too late, but I would be disappointed if the members of this board just sat around and did nothing while the company folded.
I believe that we could contact the major players in the mining industry (Kennecot, Rio Tinto, and others) to invite an unsolicited bid for the company.
Another option would be to Bombard Marcus Southworth with e-mails and phone calls to get an accurate position of the company and determine how those that are invested in this company can "help" CPRK succeed.
There is a lot of knowledge and expertise on this board that is sitting on the side lines - it is time to take action.
Be a leader.
In Too deep to fail.
My calculator, spread sheet, and slide rule are all in agreement that they are not very happy about this data.
Not only do we investors impatiently wait, but the vendors, creditors, and employees (the ones left in management)all impatiently wait.
For how long?
Yes, IF the mill was up an running the proceeds would qithing three short months make CPRK cash flow positive and back to servicing the debt. In the mean time, the debt continues to grow......... and now who will "sale" to CPRK the items needed for production on credit.
The picture is bleak me amigo's.
If a deep pocket group does not want to step in to take it over, I do not see a recovery.
Volume of 8.3M - WOW! Everyone (short and long) is sitting on the sidelines and watching.
Less shares traded today than I own.
Is there any speculation on financial reports that has real data ties to it.
What DD can be dug up?
I am interested if anyone has insight on the financial reports.
I think we would all expect the cash flow report to be near zero.
The balanace sheet should show assets of the mill and some equipment, but what are we expecting the liabilities (debt) to be?
I have seen e-mail traffic on $100MM with zero interest payable by magnetite deliveries, but what else is out there?
What is the size of the loan that CPRK is delinquent on (defaulted)?
I look forward to the delivery of an AUDITED financial report, but I hate surprises.
The moonster.
Looks as if the price of iron ore is going up. Maybe that means the price for magnetite will be going up as well. Just need the mill to keep producing - steady as she goes captain!
TOKYO (MarketWatch) -- Major Japanese steelmakers and Brazilian metals and mining giant Companhia Vale do Rio Doce are expected to agree to an increase in the price of iron ore to about $110 per metric ton by the end of this month, the Yomiuri Shimbun reported, citing sources close to the matter.
An agreement would almost double the fiscal 2009 price of iron ore.
The new price, which would be applied from April, is almost certain to be a record high--exceeding the previous peak of $77 per ton in fiscal 2008.
The paper said that Japanese steelmakers also are negotiating prices with two other mining giants and likely will reach agreements on similar prices.
They have reviewed prices annually to date, but they likely will agree to the introduction of a new system under which prices would be reviewed every three months--a move that could lead to a further price hike in July or later.
Due to rapid increases in demand for iron ore in China and other emerging economies, the average price for spot trades has surged to between $130 to $150 per ton since February--up from the $60 level last spring.
Holding the .0039 support level quite well.
Well, that is considering there is no volume to speak of. (Even for a Friday)
Can not wait until the stop sign is removed and see the volume average go up. (I hope to see the average trade volume go to over 80M per day) Liquidity helps everyone.
Thank you Candy for the response.
Do I understand correctly that the $18B valuation in the Dunlop report is only 20% of the land holding and mineral rights of CPRK?
If so there is a potential for $72B in holdings, (I understand that getting it out of the ground is the hard part) ;P
Greetings all. I am new to CPRK and new to the board. I did not become aware of CPRK until the quake in Chile. After a quick review of conditions I purchased a few shares.
When I stumbled upon this board I have been impressed. The data here has been very useful and there is usually litter fodder to sift thru. (too much recently though)
I assume we are all here to make money and share tidbits of information that are dug up. I like the interaction of this board to analyze and either refute or confirm new information. It reminds me of collaborating on a group project.
This is old information, but can someone that has been around awhile address the valuation of the below link.
http://www.scribd.com/doc/8058165/Western-Utah-Copper-property-appraisal-Milford-Utah
Thank you,
The moonster.