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Hi cdc53. 169399-u is all it says after in my account.They never had any value since i got them.
I got mine as a dividend several years back
Hi pennypicker42.Are u saying that that conversion story that several people were talking about last week is untrue?I can not find any links to it or N/R's and forget the company website.Any data you or any else could provide would be greatly appreciated.I sold everything shortly after the first R/S so I have'nt been following very closely.All That I have left is my 39,000 class-B shares that are currently worth $00.00.I would love to unload them for .06c.I still do believe that some day this company could succeed.I can give an example of one bankrupt,defunct mine in a place called Malarctic,Qc. that is now pulling 50,000 oz per month out of the ground and are steadily increasing to a target of 500,000 oz per year this year.But there was nothing left in the ground.(so it was said)and those dam environmentalists.They had to relocate half of the town to get at the gold but money talks.Also;Look at what the Kyoto protocol(environmentalists) did for the price of oil.Exxon loves them.
Hi 9lt98x.Thanks for the comeback anyway.Sounds like you got burned here.There was a time when I thought that this would really fly one day.Had a chance to take some profit but I let It ride.Anyway;all that I have left of this is my 39,000 class-B shares.I guess that Guyer or whoever is running the show now wants to waste them on me too.Or maybe something good will come out of this after all and I'll be able to sell them and recover some losses.Other big mining companies are getting whacked too.Look at ABX for example.If the industry as a whole could turn around we might have a glimmer of hope here.They still got that article about gold hitting $5000.on the website.If they can hold on until then,this might pay off,if in fact it does ever happen.Last august looked like maybe a resurgence in mines might happen.but it fizzled out.These sub penny stocks are a huge gamble anyway.I hope you have some other holdings that are treating you better than this one did.
Hi fellow cgfi traders.Long time since I checked in but I still see many familiar names here posting.Can someone fill me in on the current developments and this news about class-B shares being converted to class-A shares.When will that take affect?Is there another R/S going to happen in conjunction with the Class-B conversion?I would greatly appreciate any info.
If the market dont shake you out,it will wait you out.I bet that sooner or later this will be worth something.But i'm not getting back in until the trend changes for miners.Its possible that by summer we might have a bullish sentiment toward gold/Gold miners.The longer it takes,the higher they will go.Even the biggest,most productive mines are very cheap right now.Something has to give soon in this industry.At least there is some progress here and proposed new acquisitions.If gold breaks through $2000,it could change everything.Dont forget that gold went from $250 to over $1900 in 10 yrs.It had to take a breather or pandemonium might have broken out.Its been 15 months since it hit $1920.and the uptrend is still intact.Just look at a monthly chart.I don't think that this is going to fizzle out soon.There is a lot of upside potential left.Patience is the name of the game.Happy holidays to everyone and may 2013 be our year to see great prosperity.
Hi docoroc2.I know what you are saying that R/S'es usually are disastrous for these pink sheet stocks.That was what I thought last night when I read the news of the R/S.Maybe the company is trying to do some kind of financing deal and the PPS was too low for them to be considered.I cant imagine moving up to a higher exchange at this point like some companies have R/Sed for,But maybe this could be beneficial in some way.
Hi WealthyKing and The Pro.Good morning to you both and all others too.Sorry for my late night rant last nite.I did'nt read the information thoroughly on the R/S.I thought that the company had been diluting all along without telling anyone.I guess I was having Flashbacks of what 2 other companies have done to me recently.Thanks for the clarification.So why would they do an R/S if the O/S is not out of control?
Correction on my math;diluted by 1,869,000,000 in the last few months.That would be $934,500 at .005c pps.Or god knows how long this has been going on.Is there any hope here?
Can anyone explain this;In their financial info NTRO States an O/S of 131 million.Now all of a sudden the O/S is 2billion and they pull the R/S on us.Does that mean they have dilluted by 1.69 billion shares in the last few months?At .005c pps,that would be $845000.What did they do with the money?Starting to smell fishy around here IMO.
Hi Brendan.The company issued Class B stocks as a dividend payment several years ago.I'll sell you mine if you want them.Make me an offer.I got 38,000 of them.
Hi grizzlyrosegold.There is not that much left and I did'nt want to see it all totally evaporate.I got about $650 left.If it goes to .0001 again,i'll buy 6.5mil more.Just joking.I really hope that they get this thing operational soon and do what they said.But it dosent look too promising right now.But that could change very quickly.
Hi Brendan.If they dont do something quickly,the pps will be sub penny again.Thats why I got out.Catching falling knives is not something that I excel at.Sure they got the permit and posted the security bond,but now what are they going to do.And I hear it gets cold and snowy very early in the year up in Silverton,CO.This was always a longshot,swinginging for the fence kind of play and i'm sure that there are many who have profited from the few spikes that have happened over the years.But seriously,we would have been better off to have bought Scratch tickets in the state lottery.The odds of winning are probably much greater.But I havent given up totally on this.And now that I am out,of course today the pps increases.I got 38,000 class b shares.Maybe those will do something.Guyer should hold a shareholders meeting so we can all meet him personally,and see exactly what we are investing in.
Hi CGFIers.Hang in there.I have a sneaky feeling that tomorrow or shortly afterward the PPS of this stock will skyrocket and you will all be rich.I know this because today in total disgust I sold all of my measley 3600 shares.I still got the class B's.Wonder if they will ever be worth anything?Time will tell .Good luck to all
Hi nvtaylor.What do you think is a realistic price for gold per oz so that mining operations could actually show some serious profit and mines like ours could be viable operations.Like you said gold is at all time record highs. Itis holding steady above $1550 for the last year and nobody seems to be even blinking an eye over it.I think once the price is good enough,all the old mines will be reactivated,or bought up by bigger companies,Look what happened when oil broke above $40bbl and up to $160..Do you think we could see $10,000 oz gold? Would that be enough profit margin for start up companies to get going?It might not happen tomorrow,but sooner or later the demand for gold is going to go through the roof and Mining shares should be close behind.
Hi joseywalesstx.If the company makes a formal announcement that they control $6B in proven reserves,well ;what do you think will happen?The mill is a bonus but those reserves will be the catalyst to get this moving.I've seen lesser deposits where they have brought in new,state of the art equipment to exploit them and the pps was higher before production began.I hope that Guyer has some news like that for us soon.
Hi ficose.Sprott is a Billionaire because of his investment in precious metals.I will give credence to what he says.I have to listen to that interview again to make sure I did'nt miss anything.Everything has been selling off to intolerable lows over the last 16 months or so and $CGFIA was sucked down with them.It(the downtrend)has come to a screeching halt and big players back in now.Seriously;I think that a major move for this whole sector has already started.Wait till the masses want some shares of $CGFIA.7m shares aint gonna be enough.They(the company) will have to do something.Ford has done a lot of those F/S's over the years.Made their early investors quite wealthy.If the value of $CGFIA rises to $6B,I think that we would all be in a similar situation.
Hi Brendan.I need $14 just to break even.But with all that is happening now with the financial system,Who knows how high this could go,especially if we are sitting on $6B in reserves.When the buying pandemonium starts and physical metal prices are out of reach of average investors,what are they going to buy?Stocks in Mineral rich companies.$6B is a large deposit.Thats like the Marcellus shale of gold.
Hi ficose.$6B is quite a leap from the $2.7M current MC.If those #'s can be proven,We would certainly see a huge move up in PPS.Go $CGFIA
Hi 567tbd.That would put the value of the new shares at $857.14 each if those reserves can be added to our assets.Nice! Go $CGFIA
Hi Shysurfer.Excellent interview with Eric Sprott.Thanks for posting that.Toward the end he says "the doors have opened up to finance mining companies".I think Guyers timing on this has been perfectly calculated.Go $CGFIA
Hi Mister Young. Assay results on july 12.THAT SAME SCENARIO COULD HAPPEN HERE TOO.Look what osk.to did in 6years..02c to $17.Started with 3 employees/$5m MC.Was an old,closed up,forgotten about mine.CGFIA could be in line for the same type of success.GO $CGFIA
Thanks M T Pockets.After looking at billions for so long,1.5million shares dose'nt seem like much,Except that after the R/S it will be 20% of the whole A/S.I'll get used to it.I they don't dilute any,we all should be in good position share wise when the mill starts cranking.If we could somehow do a short squeeze or the mm's would let it run on the last day of trading before the R/S happens,We could open at $5 or more when trading resumed.Then we would be marginable and institutions would start buying in.7m shares would'nt last long,especially if market conditions improve for mining companies.Oh,well;it's late.But I have'nt abandoned ship yet.Still lots of potential here.ANYTHING could happen in very short order.Talk to you all tomorrow.GO $CGFIA
Hi RKYMTN4.Thanks for the info.I guess we just have to have faith and see what happens.I just had a R/S with another stock last week.It fell back 33% but now is giving a buy signal.Has about the same market cap as $CGFIA WITH 44MIL o/s.Lots of data to sift through in 2 days but having the board here helps with the big decisions.DONT SELL! Thats my opinion.Go $CGFIA(Only 7,000,000 O/S now too.That looks much better than 60B)
Hi RKYMTN.Are you sure that the cusip# won't change?Then there would not be any urgency by shorts to cover their positions as Golden Grog just pointed out in his last post.Just curious.I don't know all the mechanics of R/S's
Glad I got some of those class B shares.Maybe they will finally show some value.I will have more of them than class A's.Go $CGFIA
You are doing a fine job there Luc Belgium.Keep posting those excerpts from the PR.This is starting to sink in.I think that they did this to get financing to do the repairs .Who would lend money to someone 1 tick away from 0$?
Hey LJSilver.Thats it then.Was'nt the chill the biggest thing holding us back?Now we will be able to get this show on the road.I think the timing is excellent too with gold/silver ready for an explosive move.Lets see those assays now!(or after the dust settles from this R/S)
Hi M T Pockets.I am sure there is something positive behind this move.Why would they go this far just to waste the company?With gold /silver taking off,that could give us a boost too.I'm hanging in there.Go $CGFIA
7,000,000.sorry
Will this take care of the chill?anybody know?7000 O/S is pretty low float.Maybe this was necessary to get the financing to do the repairs.I'm still hopeful about$cgfia .Gold and silver ready to go ballistic too.
Hi modrica.Thats some good news ,eh.Lets see how the market reacts to it today and this week.I hope you've been loading up for this coming move.
Hi bobwang.6000 tons is a lot of gold.That would put china right up there with the E.U. and the U.S. as the largest holders.I think that has been the plan for a long time now,but when it actually happens,Could give this world more certainty that gold is a necessity in the financial system and China is on its way to becoming a big player in it.How many oz.'s are there in 6000 tons?
Any press that we can get will bring in more interested buyers and that will help our cause when market condition for miners turn favorable again(soon hopefully)I am seeing a lot of new people posting here weekly.How did you all find out about $CGFIA?One day of extreme volume buying would launch this PPS into orbit.Some nice assay results could easily light the fuse under this stock.It happens daily with companies like ours.Mill openings have'nt done as much as positive assays to boost buying or pps from what I've seen.We know from the historical assays that our mines are rich in mineral reserves as is the whole region around Silverton.
Hi MT Sailor.If you own it and can prove it is there(reserves),you can hang a for sale sign on it.Right now this whole deal has a market cap of $2.5m.There are many companies with much less selling for much more in high volume.$CGFIA has had some issues getting started but now that work can begin,perhaps this stock is severely undervalued.Even when the O/S was much less,The market cap has remained pretty steady.I really expect this PPS to soar once market conditions improve and small cap miners come back in favor.Potential is the word.Lots of it here.(IMO)
HI MT Sailor.What about assay results/proven reserves.If they come back good or better,how do you think that will affect the PPS?(directly?/Indirectly?+,-)Just curious what you think.BTW;welcome aboard
Hi LJSilver.With market conditions the way they have been for the last year and a half it would have been hard to get this going.Some people still believe that the run for gold is over.Once that is proven to be untrue many more investors will climb aboard this gold train.As MRYOUNG pointed out earlier today we are on the verge of a major breakout for the gold/mining sector.Perfect timing by Guyer to get this operation going.(IMO)Last time we had a major run up here the whole sector was moving up too.This time will be the same but better because we can now start working at the mill with the permit approval.Market conditions have been holding a lot of companies back but it seems like the trend is about to change.This PPS is going to soar when all the details concerning the mill get sorted out.GLTY GO $CGFIA
That is an absolute fact.Whatever it is,it will sooner or later cool down.(I think it's a potatoe/potato)
Hi LJSilver.I was'nt correcting your spelling.Either way for potatoe/potato is acceptable.(Remember Dan Quaile?)At first I thougt that it was something else the miner was juggling. Go $CGFIA
I dont think that is bad either.It just means that they are dealing with the problem.This will get more people looking into $CGFIA.(That is a potato too.)