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.
How much are their fees?
I don't mind waiting, they can take a year. My thing is I feel it is a bogus company. I hope I am wrong, I have money it it so I am not a basher. I have been around a while and this is looking more and more like a scam. BELIEVE ME, I would love to be wrong.
I can not believe I was dumb enough to buy this stock. I need to reevaluate my decision making process. At lease I am not the only one I guess.
I know how long it takes to do financials and an audit. Especially after things change over. Any Moe thinking 8 days enough to review financials and go over things is a joke. Hopefully the CPA is reviewing everything and will make a set of true financials.
Call the Hoffmans or Dakota Fred. They will get this mine moving.
Seems your having trouble understanding what a partnership is,
part·ner·ship n.
1. The state of being a partner.
2.
a. A legal contract entered into by two or more persons in which each agrees to furnish a part of the capital and labor for a business enterprise, and by which each shares a fixed proportion of profits and losses.
b. The persons bound by such a contract.
3. A relationship between individuals or groups that is characterized by mutual cooperation and responsibility, as for the achievement of a specified goal: Neighborhood groups formed a partnership to fight crime.
The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.
--------------------------------------------------------------------------------
partnership ['p??tn???p]
n
1. (Law)
a. a contractual relationship between two or more persons carrying on a joint business venture with a view to profit, each incurring liability for losses and the right to share in the profits
b. the deed creating such a relationship
c. the persons associated in such a relationship
2. (Law) the state or condition of being a partner
Collins English Dictionary – Complete and Unabridged © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003
YOUR WELCOME
With the outstanding shares it is going to be hard to move. Im all for apcx, im not like the birds on here. Last time it went from .0002 to .0024 in about 3 days. With the outstanding shares, I dont think a run can happen up a little here and there is about it. I wish he would do a buy back, but you have to have money for that.
WHOA!!!!!!!!!!!!!! STOP RIGHT THERE
Your not going to trust and Ihub poster. Are you insane?
Ain't dis a bitch.
Say that happened goodfella. Would we have any ownership. Would the stock transfer or how would that work? Also guess it would depend on if he kept the company public.
We are a message board. Do you think what we say here will make a difference. Im pissed to and hoping it will work out. But nothing I say is going to help. And im not arguing with the "I told you so's", the only time i would argue with them is face to face. And they wouldnt argue then.
I wouldnt listen to you if you were on fire and you were asking me to pee on you to put you out.
Should sold this POS at .0053 when I had the chance. Should a, Could a, Would a.
Yeah, but I thought it said everything was updated on Pinksheets.com. That is why I thought the actual statements were out. So thats my fault for saying the statements were out, not just a shareholder update.
I asked about that. They are doing that for PCM, Not them. They are juts filing paperwork for them is what I understand. I could be wrong though.
No it isnt. I am on email list. They sent my the report and I dont know to post it. I will try and paste
Shareholders Update
For the Period Ending
June 30th, 2011
The following is a brief overview of the current status of Western Sierra Mining for the period ending June 30th, 2011 This summary of the period should be viewed in conjunction with the previous reports filed with the Pink Sheets, press releases, SEC filings and previous shareholder updates.
A Brief Overview
During the second quarter of 2011, we have basically continued our exploration efforts in Central Arizona primarily for placer and hardrock gold. We have filed for new claims at the Table Mesa site with Gold Tech Engineering and continue to look for Joint Venture partners to further the exploration and long term development efforts of the Company
To some extent, our exploration activities have been driven by potential Joint Venture partners. However, a major portion of these investigations for others have proven to be of little value to either the investing group or Western. It is a time consuming task to perform even the most peripheral evaluation of either a placer or hardrock property. While this service does not produce a valued revenue stream, it does provide us with contacts for potential financial partners and possible future production or property development opportunities.
Western has been able to expand its exploration program for 2011 for its own account and looks forward to the future development or outright sale of the new additions to its inventory.
Our priorities continue to be orientated toward production. There are several potential scenarios currently in the negotiation phase to develop our own properties as well as working with others as a JV partner.
2nd Quarter Milestones
• Continuing exploration activities in Central Arizona
• Acquired the Table Mesa Property
• Received State exploration approval for its 480 acre land lease in Skull Valley Arizona
• Entered into new agreements with Pine Creek Mining to assist in the management of the Gold Basin placer mine.
• Continued the developed of the initial proposals to tie the Goldwater, Eagle and Big Chief properties to a single geological identity.
• Completed the construction of a portable extraction plant suitable for testing small placer properties.
• Signed an agreement with Extractive Technologies becoming a Joint Venture partner in the development of the Silver Cord silver mine.
• Completed initial testing of 600+ acres of private land adjacent to our state property in Skull Valley, Arizona, Final report in preparation.
Gold Basin
Western continues its active interest in the Gold Basin mine. The mine is now in partial production with Pine Creek Mining (the current owners) issuing a mining contract with a private contractor. Western provides assistance to PCM in mine oversight, security and continued efforts to expand the current operating permits.
In addition, at the request of PCM, Western has entered into a contract to generate a NI 43-101 report on the property. Work was nearing completion as of June 30th, 2011.
Current Exploration
In May 2008, Western concluded an agreement with Gold River Exploration wherein the Company acquired several mining claims located in the Bradshaw Mountains in Central Arizona. In an effort to develop these various properties, we continue to search for joint venture partners, investors, and outright sales to generate the capital required to develop the mines for production.
In addition to this effort, Western is working closely with Gold River Exploration to develop several other mining properties held by Gold River. These properties are currently undeveloped and un-permitted, potentially large gold and silver deposits with historical production, located in the Western United States.
Gold River is also supporting Westerns efforts to locate and develop several mining properties suitable for the application of high grading techniques to recover both gold and silver. During the next 6 months, we will concentrate on evaluating properties under the control or administration of Western such as Big Chief and Eagle.
While we believe continued exploration necessary to our business development model, production is essential to improving the capital value of the Company and providing for our long
Ongoing and New Projects
We continue to work with our close associates like Gold Coast, Gold River Exploration, Enviroxtract (EVXA) and VHGI Gold to provide access to new large scale mining targets. While the outcome of these evaluations will eventually become public, Western does not comment directly on the progress being made on any of the individual property development programs.
Western has taken an active role in effecting the sale of the Silver Cord mine. In May, the original mine development agreement with the new owners was modified so that Western could participate in the development of the mine as a JV partner. The Silver Cord is a historically producing silver/gold under ground mine with some 800 feet of developed tunnel. We have completed a small scale initial sampling program with results showing good values of both gold and silver.
We are currently bidding several outside mining contracts the largest of which appears to be the gold recovery project at Weaver Creek. The project would call for us to move some 1 million cubic yards of dirt and process that portion which has the best likely hood of carrying commercial values of placer gold. The project could take 3 years to complete. Contract negotiations are ongoing. While the outcome is currently uncertain, we have confidence in our ability to perform the required work at the lowest possible price. The project is awaiting a final decision from the investor group.
Western continues to work with individuals and corporations that have expressed an interest in purchasing mines currently in the inventory of the Company. Several proposals have been rejected for a variety of reasons. We are also negotiating with a number of potential J.V. partners in an effort to initiate a project that would lead to a long term production program.
We also continue to work with potential corporate and private investors who are looking to becoming involved with the mining industry and needing an independent evaluation of the proposed transaction.
We get many inquiries for our services in this portion of our business. However, revenues are extremely small since most of the projects being presented either have little merit, problems with ownership documentation or because of environmental and permitting issues, become uneconomical.
Reporting Status
Our financial and corporate reporting will continue to be filed at Pink Sheets.com as will any significant press releases for the present time.
As always, should you require any additional information or have any questions, you may contact the office between the hours of 7:00 AM to 7:00 PM, MST Monday through Friday. We will do our best to return your calls.
WESTERN SIERRA MINING
Statement for Forward-Looking Information
Certain information set forth herein contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, exploration efforts, financing needs, plans or intentions relating to acquisitions by the Company and other information that is not historical information. The word “estimates,” “expects,” “anticipates,” “forecast,” “plans,” “intends,” “believes” and variations of such words or similar expressions are intended to identify forward-looking statements.
The Company’ forward-looking statements are based upon the Company’s current expectations and various assumptions. The Company’s expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties, but there can be no assurances that management’s expectations, beliefs, and projections will result or be achieved or accomplished. The Company’s forward-looking statements, apply only as of the date made.
June 30th reports are out. I dont have a link or know how to get them but they are out.
I agree with you. I believe they picked good companies to do this to. So they can say "we looked into 17 random's and found nothing". Knowning there are 200 out there doing bad stuff. But they dont want to get started. It would be like roids for baseball, one guy gets busted then hundreds. I think this is there way of saying "we tried".
I agree I can think of 5 other stocks off the top of my head that are TRUE scams. Maybe they are picking good companies so they can say "Nothing Wrong". Cause they know if they picked some others it would bring down the house.
I do agree with that. BUT, they could do something. A simple " as you know trading has been halted. We are working with the SEC and everything is in order. When we have a outcome we will let you know". Something just so we know they aint runnin for the hills in their bentleys we bought them.
I would like to see a PR from them now. The SEC closed us down for "THIS" reason. WE are proving to them all is good and we WILL resume trading soon as we can. We are sorry for this but now their will be no questions regarding company. I would like to see something.
Dont be sorry bout my loss, cause I havent lost nothing, I havent even sold. I only have around 500,000 shares barely over 1,000 invested. I cant sit here for years, and again, I havent lost.
Oh yeah, Gold Guy, MR. I hate USOG. Then you get on your meds and you LOVE USOG "I changed my investing philosphies". Now back of meds I HATE USOG. Go pose by a car again.
By no means am I a Finanical Analyist but I know how to read Financial Statements. And all I am saying is His plans are great, just Alex is not gonna put them in place. And Der, you are a joke my friend. I actually liked your posts, I like reading another point of view. But I PM'd you asking you what you know and you dont return. Why? Cause your a joke. So keep posting, I often laugh at your posts.
Again, Everyone on this board knows this. You are repeating the same stuff we have been saying. I have bought shares for over a year now since 2 cents. Yes I am down, Yes I hope it goes up, I am an accoutant so I have a background to understand the financials. But what you are saying we have said for a year now. They know what they need to do. They are either a scam (which I hope not, but is a possiblity) or they are trying to fix it. If their a scam, they are looking at your email right now laughing and if they are not they are looking at your email like "No S**T, we are working on it". Your solutions are great, I can sit here and spout off "Pay off everything Alex", but it does no good.
The $1 a years salary is just plain stupid. He isnt Roger Gooddell. The rest makes sense, but dont you think they are trying. Your pretty much restating what people on this board have been saying for a year. If you think your email will push them along your a wack job.
Your right, but even a plan of revenue. Will SSLC still be making the money or will it all be to APCX? Maybe it is in the release. I know one i have seen you on, oil company owns two other oil companies, but until the buy out is done the company keeps revenue and not the company that bought them out. US*G Wondering if it is kind of the same thing.
I am in on APCX, but this LOI stuff is not going to cut it. They could have a letter of Intent with Microsoft, doesnt mean nothing if the CEO is a scam artist(I am not saying he is, I have just seen this LOI tactic before). I want to see money coming in from SSLC. Until then doubt anything spectacular.
Good to see you here pimping. I have followed you on many shorts. But this is my long, glad to see you here.
Darn Oilin, I know positions change but you were the one who welcomed me here and asured I would make money. Well I did, you were right. Sorry to see you go.
I'll get right on that bugs.
Yeah me too, but I know nothing about it. Just seems like such small amounts. But again, I know nothing about the private investing. But you are right, it does say 25,000 will do. If they went that way though it would take over 150 people. That seems it would be costly come tax season time with K-1's and all.
Is it normal to accept such small amounts? They need 4 million as I do not have that, these days it really is not a huge amount. 4 people with a million to spare is not uncommon. Seems weird TO ME (And I know nothing about this) to be taking such small amounts. They have like 7 investors with a total of 300 some odd thousand. Is it worth, cost wise even, to deal with someone investing less than 100,000 and even that seems low? What is the norm when raising private funding?
WSRA is getting hit. And news is expected out soon
WSRA is getting hit. And news is expected out soon
WSRA is getting hit. And news is expected out soon
WSRA is getting hit. And news is expected out soon
WSRA is getting hit. And news is expected out soon
Not not more. It will probably close her or a little lower but it will be green. It jumps in morning, then drops ,then goes back up after lunch then stays green. Real weird. But the last week it has done it every day.
This thing is like a roller coaster up and down. But at the end of the day it is going up slightly in the green which is good. Also without any major gaps. Green is good, but really green would be even better.