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Heal well and fast, JW!
ca
NV,
Thanks for your honesty when asked if you are invested in this stock (your answer was 'no'!) At least you're keeping things real. My only question to you and others who've migrated to this CGFIA IHUB board (who aren't shareholders of CGFIA) is why? Why the interest in THIS stock and this board if you aren't a shareholder? I believe everyone is entitled to their opinion at any time. But why an opinion on a stock you have no vested interest in?
And you're right about one thing: I think the goal of every shareholder of CGFIA stock that posts here is to participate in realistic discussions about mining and milling. Especially those of us who 'are' invested! AND, I would also agree with you that all shareholders here are anxious to see mining come back to Silverton.
Again, that being said, whether the discussions here are realistic or not, why would a non-investor have any interest in this board and stock? Just a legitimate and valid question from a shareholder!
MT,
As I heard it said in a hilarious Eddie Murphy movie....."FABALOUS, FABALOUS, FABALOUS"!! DD is King when it come to investing! Thanks for driving the point home AGAIN!
CA
VERY interesting article, Shy! (Interesting is putting it mildly!)
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insiders 101 Cgi doctrine.
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Please give the exact # of the post you pulled this line from, as it pertains to CGF. Just making sure that what is being said on this board is accurate, AND is being repeated accurately. Would like to know this so that I can respond to the correct person. Thanks for your help!
I couldn't agree more with you, 567!
As 'publicly maligned' as Donald Trump is, even HE takes a paycheck in advance.............prior to earnings! It's done ALL THE TIME in the real world - payment for hours worked vs. successful/and or non-successful completion of a project.(A project can be non-successful, yet people STILL pay themselves. However, CGF is appearing quite successful! Setbacks ARE to be expected....that's all part of business and politics.....Business 101)
Remarkably, Ponzi schemes DO have returns! So your last point is moot! Next....................
Not quite certain you are fully aware of the difference between "Junior Exploration Mining Co." and "Start-up".
Also, you and a couple others need to re-check your facts about a couple things:
1. Eight (8) years ago, Guyer and Rice weren't even in the picture here..............I might be wrong, but......NAA, I'M NOT!
2. Hennis and his band of merry henchmen 'appeared' to be running a typical 'Junior Mining Shell Scam' that was seemingly leading to nowhere! Hence, the .62 share price and no need for O/S in the billions during their era! Why would they need the extra shares........those buffoons never took the company anywhere near the stage it is at today! And why again? Because they apparently didn't have the slightest clue as to HOW to begin the process of getting the mill operational, much less having the busines savvy or the brains to do so. Enter Guyer and Rice into the picture!
3. Soooo............how long did you say Guyer and Rice have been at the helm of 'this' ship now? Oh, that's right.....you didn't! Because they HAVEN'T BEEN WITH THE COMPANY FOR 8 YEARS.
So, answer me this: Since Guyer is most definitely spearheading the operation to get the company operational, after cleaning up the mess from the previous 'regime', exactly HOW much time should one give a man of his apparent talents and skills to get the job done????????
ANSWER? AS MUCH TIME AS HE NEEDS. After all, the DRMS and Wally are dragging THEIR feet and taking THEIR time with this process! And that is fact, black-on-white.......check the DRMS website! It's all there. Oh, and be SURE to check and compare the dates of ALL the correspondences from Guyer to Wally/DRMS vs. their 'timestamp' on ALL those correspondences. Let's see who knows what their doing now!
GL
Keep the faith, Brendan! Our time is nearing........quickly!
I hear the train a comin'...It's rollin' 'round the bend,
Better add me to 'that' list then too, along with 'the Grizz'! There's no telling what I might say or do during the celebration..........maybe whack a 'golden cyclops'!
BTW, I will have to watch that movie. I am an avid movie and history buff! But ANYTHING dealing with gold, I'm all over it!
See.....chat like this between fellow shareholders/friends is why I like this board! NOT the other stuff! Looking forward to us meeting!
I must confess, I cheated - Kelly's Heros?!
Hey MT!
I know you'll find THIS hard to believe, but I've been having a persistent thought process for the past couple months: MY target price range has been (and consistently so!) .10 - .15! As they say at church..........there's your conformation!
Bravo, MT! One can only hope that all of this 'intelligent DD' isn't lost on it's intended audience! But again, thanks for such fantastic DD! I have certainly learned quite a bit from many posts on this board. See, I didn't even use italics! (Ooops, my bad - I did use bold letters though.)
Thanks again, to you, Burk, 567, and anyone/everyone whose posts are informative on this board, NOT disparaging and unintelligible!
GL
CA
Hey 567,
Is the hearing still set for Aug. 8-9?
Here is another educational piece, specifically because it breaks down the meaning of the term 'buyback' for anyone to understand. This even helps me refresh my understanding about the topic, since I am NOT as versed on the subject as others. But hey, you learn something new everyday, or you should anyway.
http://www.investopedia.com/articles/02/041702.asp#axzz1xojcfIr5
Hey Shysurfer,
Many companies have also cancelled/retired their shares. While I'm NOT even going to attempt to speculate what Guyer and Rice intend to do with the enormous amount of shares they needed to create for capital, some companies choose to do things in various, other ways (ways other than a buyback).
Look at this link. Hope you find it educational. Again, I stress that I am NOT an expert on Guyer and Rice as some HERE believe they are. Only Guyer and Rice know what goes on inside their business minds!
http://www.companysecretary.com.au/board_briefings/CancelShares.pdf
Sounds just like a petition I saw on that same .org site about a mine called Cgi in Colorado.
Very interesting.
Please 'cut-n-paste' the link to that specific page, ONLY. Not a link to their general website. Many of us have already been there. And unless we're all missing something, there is NO referral to a petition against CGF anywhere on that entire website! So if you found a 'specific, hidden page', then copy the link to that specific page ONLY, and publicly post that link............here! For all of us to see.
I'm waiting............................still waiting........................still waiting..............................
You bring up some valid points. However, don't be dismissive just yet with regards to CGF's ability to counteract these problems and objections. They got THIS far when everyone said/implied they couldn't - right????
I'm NOT Guyer OR Rice, nor is anyone here for that matter! If there isn't a lucrative reward awaiting them (and us!) at the end of this whole process, why jump through all the hoops, as has been posted numerous times here? Deferring a 'consistent' paycheck week in/week out is not for the faint of heart. Yes, they have cashed in some of their shares here and there.....so what! A zillion shares at 0.0001! Wow! They're billionaires. LOL. (Yes, that was sarcasm aimed at the naysayers which imply that Guyer and Rice are becoming rich off us 'idiot' investors - so to speak! NOT!)
You have to ask yourself a few questions: #1. Would you or anyone, for that matter, put forth this much effort and work 'pro bono'? #2. If not, then why expect Guyer or Rice to? #3. Does anyone here REALLY believe that Guyer and Rice are so inexperienced in business as to NOT have contingency plans in place to address any and all obstacles, big or small? Those contingency plans (I'm certain) have contingency plans, and those contingency plans have contingency plans.
All that to say..........We can speculate, sure! But, ultimately, those two are our front line of defense! IF THEY DON'T GET PAID, WE DON'T GET PAID, AND VICE-VERSA. This process, again, sucks! But it has to be for now.
Concise and intelligent post, debu801. I couldn't agree more with what you said. Any lawyer (worth a damn) would also agree with your post and your observation.
This is hardly the time for ANY CGFIA shareholder to go running for cover. This type of letter HAS to be accepted along with all of our support letters. There cannot be any bias within the DRMS, or any government office in CO which could otherwise prove that they might 'possibly' have a hidden agenda regarding CGFIA. I know the whole process sucks, but everything appears to be moving forward. Granted, NOT smoothly at times, but still moving forward!
Again, you read as I did.........and you observed as I did. I really don't find this letter to be anything but a 'letter of concern'.
JMHO
Ca
Hey MT, just wanted to say 'thank you' very much!! You were right in what you said. I couldn't agree with you more. IT is challenging to say the least. Wise words. And no offense taken.
GLTY.
Ca
Beautifully written. Concise AND factual. Thanks, Ficose.
And I forgot to add I agree 100% with 767 as well. All articulate, intelligent, fact-based and non-italicized!
GL
I agree 100% with posts 768-769! Major difference between venting in a letter to a Government Office as opposed to having your attorney take your case to the proper jurisdictional entity on your behalf. Publicly, the facts are clear; she hasn't done that. Privately, however, your guesses are as good as mine as to what Powell's next move/moves may be, IF ANY!
Money/attorneys talk, B------t walks. So far, the Hennis and Powell letters are mere B------t. As are certain italic responses. CGI's attorneys are hard at work on our behalf as we speak - and they owe the shareholders ZERO EXPLANATION OF THEIR PROGRESS! That is prudent handling of business affairs. AND, our attorneys HAVE, in fact, addressed both the Hennis and Powell situations, and those letters FROM the DRMS website have been posted here on this board. (Some here need to go back back and re-read those letters from CGI's attorneys). The behind the scenes wrangling and negotiations between all concerned parties, again, is none of our concern at this time - later, but not now. We need only to be concerned with watching the pps go north, AND waiting to hear the outcome of the upcoming hearing (and not in that order).
GL
Hey 567,
Might just work if we each added a few 'water droplets' to our letters..........they might think we were crying when we wrote to them and maybe, just maybe, they'll feel sorry enough for us to issue that permit! =) Poor Ms. Powell.........I'll bet she regrets writing such a letter now.
Ca
Thanks Davidio. Just trying to keep things real and honest. Appreciate the comment.
Superlative letter, LJ! You couldn't have written it any better or more succinctly, in my opinion. I'll try my best to write an equally 'well thought out' letter from my end, and send it out shortly. Thanks for setting the 'gold standard' in this matter. Again, well done.
Ca
YOU'RE RIGHT, IT IS IN PUBLIC FILINGS. So, everyone here who cares HAS/and or is reading the pubic filings, linked here OR they are actually taking the time to read them on the DRMS website!!!!!
No 'malintent' on behalf of CGFIA was, is or ever will be an issue. The issues appear (by virtue of ALL the 'public filings' posted!) to lie with any/all parties publicly contesting AM-03.
All the longs invested here are aware of any/all public filings, wherever they are! Moot, moot point to keep bringing up! More 'real' DD would be helpful and appreciated, rather than 'specious statements' about things that are already 'common knowledge' to all CGFIA investors or those who truly care about these proceedings.
Great post, and in my opinion, I agree with your opinion!
Interesting point you did bring up though: Why the battle over a lonely, little ore-processing mill, shut down for years, if there is really NO VALUE to it and the rest of CGF? Something for 'some' to ponder.
Again, though-provoking post!
For the record, in case you're not aware, the DRMS and other government entities, be they in the state of CO or wherever, HAVE absolute, legal and binding authority! FACT, NOT DIDDLY SQUAT! Why else would CGF be acting so hard to complete all necessary work as assigned to them by the DRMS/Wally and all the other government agencies involved, IF, (as you seem to suggest) they have zero legal/binding authority??? You're post seems to suggest that all the lawyers and agencies involved here aren't necessary, and therefore frivolous - NOT! Besides, corporate lawyers with knowledge of any law can take a case and add on co-counsel if their area of expertise is maxed-out. Thus the term, co-counsel!
Get real and try doing some real DD!
Ugh, if you would go back and read the entire posts here on this board (without editing) then you would know that we're all in agreement with you and each other. This is NOT a p--s--g match, although lately, it seems that way!
GL
Thanks for the 'intelligent', sensible reply! And you didnt even have to cut-n-paste! Thanks, Kuni...........very timely post!
I stand in agreement with you, Lt. But, for the benefit of the doubt, no party involved in this mess is without fault. Many mistakes have been made.
Sorry if I came across argumentative - that was not nor is not my intent. I believe we're all fighting for and hoping for the same final result.......a victory.
Ca
At the end of the day, ALL of this crap is 'just a game' to all the parties/entities involved! Money is being made by the DRMS, the lawyers involved, and money is being 'doled out' by CGF and therefore exceptions to rules and changes in timelines/schedules/deadlines must be manipulated in order for all the defendants/plaintiffs to fight 'proficiently and strategically'. And as anyone who follows any sport knows, he/she who plays the game best on any given day, wins! Talk to your lawyers, those that have/keep one on retainer! They'll tell you the same thing.
This complex case involving the CGF process is no different, and therefore continues forward, regardless what we say here.
Anyone here know of a top miner nationally or internationally that went from junior to producer by bypassing all these mandatory procedures? And if so, just HOW LONG did it take them (in theory or literally) to actually become operational?? Please post with documentation! Geological Engineers, EPA and all other pertinent government officials/workers, excavators, drillers, assayers - basically anyone with direct knowledge of this type of operation, involved in ANY capacity of mineral excavation/mining, etc., etc. I thoroughly welcome the information. I'd venture a guess that their 'beginnings' would parallel those of ours.
GLTA
Good for you, Lt! Then you of all people should know just how the justice system (and matters of this nature) really work! The justice system uses 'the people' and 'the people' work the system. And everything 'legal' is never fast, never just,and never as it appears, 50 litigation matters notwithstanding! The process is ALWAYS the same...........slow and arduous!
So what? Here's what - the lawyer of another friend of mine..........her uncle was one of the founders of Proctor and Gamble (the uncle, and her are Proctors) and her 'old' lawyer HATES the legal profession! (And HE is very old, very expensive, very sharp/wise and very quick to dismiss anyone's 'vocational resume' - mine included - and stick only to the facts as they pertain to the law! So as you also know, THAT is what seperates a good lawyer from a great lawyer/shark!) Even went on record and said to me "If you're looking for justice, you won't find it in a court of law!" The same can be said for this situation CGF finds itself in presently - different church, same 'pew'!
While I'm sure you could care less, still, experience-wise, well suffice to say, his words of wisdom and overall experience carry more weight! Sorry, no offense!
Here are some facts, some from the internet, some from DRMS which took me just a few minutes to look up myself:
http://en.wikipedia.org/wiki/Gold_mining_in_the_United_States
http://en.wikipedia.org/wiki/Gold_mining_in_Colorado
http://mining.state.co.us/Mineral%20Mines.htm
(This, and the following link comes directly off the DRMS website....have fun editing, cutting-n-pasting! Also pay close attention to HOW understaffed and underfunded they are. This, by their own admission on this site, not mine! Can't argue with the facts. Any doubt left as to WHY everything is behind schedule????? How many things can be accomplished daily when you only have 23 FTE - read this link AGAIN - and you have 1700 'active mineral operations' in CO. I didn't say that, this link from the DRMS did.)
http://mining.state.co.us/rulesregs/Revised-HR%20andMetaladoptedAug92006indexed_1.pdf (This is a 193 page, complete and exhaustive description of what is expected/required/demanded of ANY entity deciding to conduct any type of mining/mineral extraction in the state of Colorado. Any doubt left as to why Guyer HAD NO CHOICE but to submit a 'complex', 500+ page 3rd amendment to the mill application after having this dumped on him and Rice?
A little bit of DD goes a LONGGGGG way!
So, 'hat's off' to Rice, Guyer and CGF. Less qualified, less knowledgable, less persistent individuals would have packed it in longggg ago!
Just keeping it real.
GLTA
Whether another mill is within 100 miles or feet is meaningless as the point is there are many many mines and mills that operate within DRM guidelines all over Colorado. The rest of the post is rendered moot.
As far as a fact that other mills are not close, I wouldn't take a bet on that considering members of this board have claimed they've taken personal tours of the P.O.W. and stated other operations within walking distance or short distances away. First, take the bet! Second, check your facts and report for this board please just HOW MANY MILLS are in the entire state of Colorado, Nevada, Utah and NM, as well as their proximity to the P.O.W. Mill. Third, would the person/person's who have claimed to have personally toured local mills within walking distance to the Pride of the West Mill PLEASE re-post YOUR POSTS (with documentation) for ALL of us to see? I believe there is a vast difference between a "modern gravity, flotation & cyanide leach mill", for the purpose of extracting precious metals & rare earth minerals (and their by-products) AND "other operations", claims OR mines, whether they be close to the P.O.W. Mill or not. A mill by any other name (i.e.: "other operations") is NOT a mill!
Next up, have either you or (Lt.) been party to OR deeply involved/submerged in costly or complex legal proceedings of any kind??? (I can answer YES to that, since we live in a litigious world unfortunately)If so, then you'll understand terms such as: Litigation, Hearings (closed or public), Depositions, Court date extensions, Ex parte, Automatic stay, Dismissal with prejudice vs. Dismissal without prejudice, etc., etc., ad infinitum? And if in fact you have, then you will know that schedules are moved up, moved back, court dates cancelled/re-scheduled at a moments notice....Practically ANY AND ALL THINGS LEGAL ANYMORE are subject to change without notice!(And ALL changes are at the discretion of the courts/attys., various government entities, with or without prior consent or approval) THE LEGAL SYSTEM IS NOTHING MORE THAN A MULTI-BILLION DOLLAR, 'SHELL' GAME! Why do you suppose CGF (Guyer and Rice on behalf of ALL CGF invested shareholders?)have enlisted the help of Fognani & Faught, PLLC to represent them? Quite simply, whoever can maneuever more proficiently than their opponent, 'usually' wins. SO, WHY IS ALL THIS IMPORTANT TO HAVE TO STATE HERE AND NOW FOR EVERYONE? Because, unless I missed something in either rebuttal post, my post was 'taken out of context', as usual! The mere fact that Guyer and Rice have submitted all of the required documents on time or NOT ON TIME to the DRMS IS, IN FACT, MOOT TO THE ENTH DEGREE! What matters HERE is that there continues to be an onging dialog between them (CGF) and all entities involved in this 'complex' matter (the word complex was used in my post also, but was never 'cut-n-pasted' here. Therefore, one can only assume that my previous post WAS, in fact, taken out of context!)It appears the ONLY people that seem to be contesting
indefatigably are certain people..............here! The DRMS, Hennis, Powell, the BLM have all stated their concerns/objections/no objections. And the biggest surprise yet? There 'appears' (notice I said appears) to be NO problems with any local, city, township, county, state agency or federal agency OR court OR judiciary systems in place THAT ARE/OR APPEAR TO BE OBJECTING TO MOVE FORWARD IN ORDER TO SEE THIS CASE THROUGH TO IT'S CONCLUSION OR CONTINUED CONTINUENCE!(E.G.: If there were egregious issues with this entire process, I'm willing to bet that ALL of this would have been 'shut down' by 'higher, governmental powers' in December 2010. That is to say, if CGF was/is nothing more than a 'scam' or 'fraud'! By all submitted documents to date, there doesn't appear to be a hint of impropriety with CGF, only Biz as usual within the OTCBB and PINKS and junior mining world!) That is because the legal system in place FOR CGF AS WELL AS THE OTHER CONCERNED PARTIES honors 'ongoing dialog'. Whether good, bad or indifferent, dialog rules over tardiness as NOTHING in the legal profession is ever the way it should be..............regardless of "someone's 30 plus years of public service" or what have you!!!! The court system in Colorado right this minute is only concerned about one thing: HAVE ALL PARTY'S INVOLVED IN THIS 'ARDUOUS PROCESS' turned over any and all necessary/missing/remaining documents germane to this ongoing proceeding? If so, wouldn't you think THEY, as well as Guyer and Rice are all exhausted and sick of all this by now? "It ain't over till it's over!" PERIOD!
So in review, as far as CGF/CGFIA is concerned, practically ANY AND ALL THINGS LEGAL, ANYMORE, are subject to change without notice, hence the term "they've crossed the rubicon". Giving up now for a missed or late document would be utter insanity. So, CGF continues to fight until there is nothing left to fight about. And so ends the bloody 'business' of discussing politics, private enterprise and all things spawned by such!
GLTA
Ca