Just trying to make a buck or two!
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Double rations all around. One to soothe the ravaged nerves, the second to help us all sleep well tonight. Things may look better in the morning!?
Just remember that the clear span building to be used is different than a normal flat or pitched roof structure of timber design.
First, it is a tubular steel frame with an arched configuration. That is what is confusing the DRMS engineers.
An arch design is one of the strongest structures you can build, if the footings are adequate.
Then, since it is arched, it is difficult to predict how much snow will stay on the top. (another advantage, but still an unanswered question)
There are a lot of variables such as the coefficient of friction of the material used in the cover, the strength of the tuning used, and the spacing of the support members.
I would venture to guess that even the manufacturer is having a bit of trouble with calculating the required answers requested by the DRMS from CGFIA.
We can speculate, but the answer is not a simple one that you can just research from the Internet.
Let's see what the experts decide.
I have no need to read the letter, I WROTE IT!!
Your post is in error.
The post is twisting the information, contrary to what was presented and the meaning of the employment potential of the CGFI venture, including the POW mill.
No where in the petition does it quote employment numbers for the mill alone.
That was the idea behind our letter writing campaign and the petition ficoce organized.
Public opinion is a fantastically powerful tool. Using it to bring attention to CGFI & the POW mill helped push the agenda.
We could be still waiting for a recommendation from the DRMS and Wally without it.
Good Luck to you and all the investors and supporters of CGFI.
Your post seems to miss the idea that this is a slightly more complex situation than what you post expresses. Here, it is the effect the POW would have on other businesses. This is an excerpt from the article that states the idea the way it was intended in both the letter and article:
Quote:
(The POW mill) "would spark a reopening of mines that could create many more jobs."
Your post is taking a deliberately simplistic viewpoint concerning the effect restarting the POW mill and CGFI will have on the employment situation in the area.
Supply chain theory is a basic economic idea. It is explained on line. Perhaps researching that will help in grasping the ideas expressed regarding the employment CGFIA & the POW mill will bring to the area.
100 jobs is a conservative estimate.
Thank you Mr. Research!!
You are the best kuni.
So as I read and understand it, this source will help with the final payment (if necessary) and any additional costs encountered in readying the mill for full operation.
"Just another brick in the wall." and one less question that needed to be considered.
Thanks both kuni and Sem.
I would never kill you, Sem1! Besides, I think you probably know 10 times the ways to defend yourself from a wimpy guy like me!
As far as the final mill mortgage, I am pretty sure that an extension or some other accommodation would be worked out if things are that close to restart. Worse case, it would entail a little more interest charge.
Don't forget the mortgage holder has an investment in the success of the mill too.
Didn't CGFI just get some financing to help meet the mortgage payments? (I'm on my cell phone so I can't check on it right now. It would be in the recent press releases.)
You can't scare me Sem! This mill will be a success very soon! (Just kidding about scaring me. You can frighten me. It would just take an AK-47!!)
Keep watching out for us Sem. I know you have our 6 on these things!!
GLTA!
CGFIA
With more than one grog I become the "Wise A$$" of the CGFIA board!!
All logical thought dissipates into the Grog!!
Thanks for the words of encouragement, Albosafy!
I will try to keep my reputation in tact!
Good Luck All CGFI investors!
Pretty accurate calculations, Markie. I believe you have come close in your estimates.
August 9th the MLRB meets. The longest lead time I see is the construction of the liner and substructure, unless they are readying some if the site now.
The next longest lead time would be the manufacturing of the Clear Span building. I think we are looking at about a month to six weeks for that, if a new one is used.
But as long as progress continues on readying the structure and the mill, we might see some milling by the end of the year.
From our perspective as shareholders, we want to see the share price rise. That should start soon.
If the chill is handled in some way, the rise will be more dramatic and quicker.
Sustained movement forward, Markie, that is the important concept right now for both us and CGFI.
This will make a nice Christmas celebration!
GLTY And all the CGFI investors.
As ever, Digits, you hit the nail on the CGFIA'ing head.
Perspective and intention can change the outlook on the best of investments. Knowing the details that you have verified with your own DD is by far the preferable way to build your perspective.
We know what we have with CGFIA. And we will profit from our investigation and verification of the information we have discovered.
Belief and faith in your own work is better than trusting anyone else's viewpoint or representation of how they think things are.
Keep the faith Digits. Rewards are ours if we do.
JMHO
CGFIA
Here is what it all boils down to. You just posted the explanation, but refuse to recognize your own post's information.
Quote:
"nonpublic information about the security."
All items were discussed in a public forum. That is what the original request was for, information about CGFIA discussed in a PUBLIC forum.
All other points are subordinate to the basic premiss.
Your posts keep ignoring that fact, and it is basic to the definition.
Why discuss this any further?
I am a little hesitant to say this would be a good idea. Here is why:
Imagine if you had a renter in a house you owned, and the tenant started soliciting bids on your property. Would that not just piss you off? What if you knew (as the owner) there was far more value to the property than anyone suspected?
I know we are all interested in seeing the stock price rise. We are only shareholders in the company; minor investors. We must have some trust in the people managing CGFI.
If a bigger company wants to buy smaller workings, they will be aware of what is happening with CGFI. The gold mining community is not that large and they will network if they are in the market to buy, sell, or invest in each other's operations.
I suggest a bit more patience right now. Doing any solicitations may screw up plans we have no idea about.
JMHO.
Let's get the mill running. Then the value increases exponentially.
Hi Star, my take, and it is just reading between the lines, is Mr. Lao Sio promised some things that he later could not provide. (he overestimated his ability to consummate the deals)
It is a very different world in China. Much of the business deals are done based on "knowing" or having influence with the right officials.
Looks like Mr. Lao may be out of favor with the "right official".
JMHO.
I think we will find out more soon. Unfortunately we may lose a lot of our stock value without more information. I hope not, but you know how some investors are.
Good Luck to all.
ELRA
I would think it is Outlaw. You remember the old joke "how do you eat an elephant!"? Well the answer applies metaphorically here too. "One bite at a time!".
We just took a few more bites out of the elephant. Not much left too!
August will be the last item or two and then we should be golden.
JMHO
CGFIA
Thanks, MM! That is the definition I found too.
"It's trading 101"
No it isn't. Not in this world. It is wrong since the meeting we are all discussing is a public meeting about CGFIA. What meeting are your posts talking about?
Obviously it is not the same thing as the rest of the board.
Just go do some research. You will see the definition in the places I told you to go. Investopedia has it clearly spelled out in a few simple paragraphs. And they include the mistake your posts present, and they define why it is not insider trading.
That's one less post for discussing the meeting's results later today.
I like that one best!!
You forgot "Silverton declares holiday, all citizens seen line dancing down main street in celebration of mill restart!!"
And:
"GROG found to contain instant intelligence additive!!"
So what is another day among friends!!
Hey guys, try not to get too political in your posts. That's a no-no in the TOU's.
Carry on!!
We are still waiting to hear any news from our "on scene" people who attended the public Pre-board hearing. It should be over soon, but not much else do far.
(does that sound like a news reporter???)
It's like waiting for Christmas!!
How about a Grog while we wait?
"everything to do integrety and honesty."
How about slander?
Defined as: "the communication of a statement that makes a claim, expressly stated or implied to be factual, that may give an individual, business, product, group, government, or nation a negative image."
I think there is a certain professional engineer who may have issues with things that have been said about him and his alleged relationship with CGFIA by statements posted recently on this board.
And the nature of the attacks made about his professionalism were most vicious.
Honesty and integrity? Look up that definition please.
JMHO.
"Ralph" is the guy who always drinks too much and ends up in the men's room worshiping the porcelain god.
"RRAAALLLLPPPPPHHHHHHH!"
We can have a "Dopey", just no "Grumpy"!!
I suggest we add "Sleazy" "Sloppy"
"Stinky" "Drinky" and "Ralph"!!
With a grog chaser!!
Waiting for the pre board meeting is like waiting for Christmas. You know it's going to be a good day, but you want it to be the best day ever!!
(Darn, I should have added more to my CGFI Christmas list!!)
I'm getting anxious, maybe I should open the bar early today?
Definitely need to upgrade the quality of the ingredients I'm using to make the grog.
(I did request a budget increase for the 3rd & 4th quarter of this year. Next year I proposed clean mugs!!)
Is it an "AON"- "All Or Nothing" order?
It may just be a false wall the MM's put up. They really don't want to sell the shares that cheap because they know the price will be higher very soon.
50 million is a nice size block. They may not want to expose themselves to that type of risk if they will need to replace them shortly at a higher price.
Their games baffle me too, Mike.
I see it as a good sign for us. It may be the general view is this stock will run soon. (it should be if they don't have their heads in a paper bag.)
And that "100" message a while ago some say means "I need shares".
I hope you get filled soon Mike.
Good luck!!
Love your outlook on life and CGFI my friend!!
I always smile after reading your posts. Thanks for all you add to the board's atmosphere & knowledge.
Bar keep, get this man a grog!!
If you can get to a branch office and bring a check, your funds will be available within 24 hours or less.
Keep that in mind for when you want quick access to the funds next time.
Actually Bernie did look like a scam artist, but everyone just ignored the "too good to be true" signs because they were greedy. Reports of his questionable reports were coming in for years before the scam finally collapsed.
Even the SEC was guilty of looking the other way.
I really don't think that is a valid comparison, but that is just my humble opinion.
CGFI has much more invested in its own success than any of the executives have received in actual compensation so far. Their financial interests are linked to the shareholders' too.
Will, I appreciate your point of view, and you call it as you see it. That I also admire. But as you point out, this IS an election year. One of the most outstanding concerns of voters this year is jobs.
Approval of the POW mill would equal jobs for the county and state. (not just at POW, but all the other places that the mill would need things from. EG: trucking firms, support companies, construction jobs, even some lunch trucks.) The estimate is over 300 jobs from the mill on down to the suppliers. Now not all these jobs would appear overnight, but it would start the chain of hiring.
Any politician that could say they brought more jobs to a county with approximately 20% unemployment would jump on a chance to be able to do something like this.
So I respectfully point out that this would not "rock the boat", but it would effectively "bail out" the bilge of a sinking boat.
I believe the POW will be met with favorable political support.
Like we have seen in some opinion letters sent to the Governor, "Let's get to work!" has a great voice in an area that presently relies on only one stream of revenue, seasonal tourism. Adding a second source of jobs and also taxable revenue would be a wise decision.
JMHO
CGFIA
You are still ahead of me!! But in this race, as long as CGFIA crosses the finish line, we all win!!
They are rounding the clubhouse turn and approaching the home stretch!!
Come on CGFI!!
Let's go Guyer, use that whip!!
Please hold all your tickets until the race is verified!! ??
Oops, my bad. Not enough sleep and too much Grog!
But the fees are close. That is good to know.
Thanks!
Hey Franzken, Please let us know the results ASAP. If it is favorable, that will give us West Coast US investors a 7 hour head start on buying up every CGFIA share we can get out greedy little hands on. (We can cut you in for a share of the profits!!)
That would really re-define the meaning of "future trading". LOL
I'm envious, Huntewr7! I mean damn! .0002 took some pretty good buys!
I started paying .0012 for CGFIA and at 17.1 million I am at .000334, so you must have timed your buys much better than I did.
But really, that is a great figure. I hope it turns into millions of bucks for you. Not only for your benefit, but also for the sake of some of the longs who had faith in the company and started buying when the PPS was in the .40 range and stayed with it.
The history of the price would have put me in need of some serious therapy group sessions!
But better times are on the way. It may start today with the pre-board hearing results. We and CGFI really deserve a break.
Good Luck to you AND the "old guys" holding their golden "lottery" winners!! (all it will take is simply moving that decimal point 3 or maybe 4 places to the right! Don't you wish it was that easy? LOL!!)
Yeah, that is about right if the PPS was .0001. $7.00 for the flat fee and $5.00 for the percentage. Total cost with stock and fees $1012.
My 5 million share was $14 (because it took two days to fill) plus$ 2.50 for a total of $516.50.
Just think in a couple weeks we will be joking about how cheap these CGFIA shares were when we bought them. Everyone will be envious.
Poogs, I hate to contradict anyone, especially my friend Scooter, but with Scottrade, they do have a small fee for any stock priced less than $4.00 per share. It is 1/2 of 1% plus the normal $7.00 fee per trade. I have a cash account. That may be the difference between Scooter's and my fee schedule.
Scottrade has been pretty good to deal with. Never had any trouble. The only thing I dislike is if you enter a limit order and it gets split onto several smaller buys, you may see an extra fee if it does not all fill in one day. I ran into that on a 5 million share buy back in March. So it cost me $14 in fees.
But that only happened once in 3 years of using them.
See, I have been staring at numbers to the right of the decimal point for so long I forgot all about what the left side looks like!!
Now I'll be thinking only of those!!
Thanks for jogging my memory, SG!!
No, I don't right now, Jazzpa. Maybe the 10Q quarterly report might have something about that. (you can find a link on the Cologold.com site under "financials".)
I believe the recent concentration of both cash and effort has been centered mainly on the POW mill. That is the quickest source of revenue and is the key to recovering and activating the other profit centers in the company.
I know there were plans to have the core samples taken, and a request to the DRMS for permission to do the exploratory work, but I don't know if any progress has been made in that area.
Anyone else on the board know any details about further assay samples or core samples being taken?
Thanks for any information you can share.
Hey gang! Let's see if 3's are in the plan for tomorrow!!
Lets go CGFIA! Yes slowly will be ok. That is the way to establish a nice solid base.
Interesting you discussed Mr Guyer in your original post and now you are saying it was Mr. Rice you communicated with.
I find that point alone highly suspect in your analysis of CGFI.
As I said before, you are making assumptions (and they must be assumptions if you are using a secondary source for the statements) that are contradictory to what Mr. Anderson asserts. He has no affiliation with CGFI, and does not know anyone at CGFI.