Just trying to make a buck or two!
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AK, your horoscope and my fortune cookie from dinner a few nights ago seem to be coincidental!
Quote: "Gold is in your future".
I'm going to scan it and post it as my signature line photo!
Only a 2.5 on the Pusser's Scale, otherwise I probably would have used language that would have required that I delete my own message!!
I'm a bit concerned, my favorite spirit has been in the news lately. Maker's Mark has been (allegedly) cutting their product due to a production problem!! My only consultation is I know my old bottle is full strength!! I've had it for over 10 years!! (So maybe it has become a bit stronger?)
The use of a "dry stack method" of handling tailings by placing them in a covered repository (such as a clear span structure) has been cleared by the DRMS. The exact engineered specifications of CGFI's clear span still has not been approved by the DRMS. (They want a separate TR with certain requested engineered details stated and submitted.)
So it is up to you to decide if "the clear span has been approved", and if you still think this is a "scam".
This information is available on the DRMS website, it only takes a little research to find it.
That is exactly right, Les.
And the partial approval that was granted recently gives CGFI permission to do work on the plant in preparation for production. It does, however, explicitly restrict the company from handling any ore.
All items on the list that were restricted were released with the exception of the completion of the old settling pond recovery work. When that work is completed, a large percentage of the bond will be eligible to be returned to the company, and the cease and desist order should be rescinded.
The approval of the dry stack system falls under a different Technical Revision (TR), and there will be another bond associated with that repository. I expect it to be a small fraction of the amount required for the previous method's settling pond system, if any. That amount has yet to be determined by the DRMS, pending the review of the details of the dry stack TR.
Lets hope it is nothing, otherwise we will be back to drinking a lesser quality elixir!
I just doubled down 2 days ago, so .014 is a movement in the right direction for me!!
(Now can you arrange to drop the zero?)
I think we need to add one more level to their "recommended" list, the "#5-K". That's when your stock R/S's 5000:1. Appropriate, don't you think?
Maybe we should take them out for a mug of grog!! With the weather at the NYSE right now I'll bet they would leave early for a good stiff drink!!
That's only said about the stuff we serve during the "recovery party". The first couple rounds may come from other canine "sources". (I've heard the remarks..."this grog tastes like dog #%?!" Did you think everyone was saying "ship"?)
Keep the price rising and that taste will be a distant memory. But of course you can never fully forget that "unique" taste!!
We are still staying around .065 for the day. I'll take a even day in between the major gains. It's a healthy sign. And no one seems to be taking profits. That is an even better sign.
This is a good week.
Out to the dog house.... Need to check on the still!!
$CGFI
I'm only at about 1/3 of that right now, but with a little luck, I'll be adding more as the circumstances allow.
This is like throwing hand grenades. You don't have to be exactly accurate when you buy, just relatively close to the lows will do.
I offered to have that tattooed on the back of her hand as a birthday present for her!! (Yup, that cost me 2 weeks in the dog house!! But she doesn't know that's where I mix the grog!!)
Checks aren't the trouble. I have plenty of checks in the checkbook, just not enough cash to cover them!! (A concept my wife seems to have trouble with.)
January is always a tough month. I'm just happy to have found a few extra handfuls of coins in the sofa cushions!
I'm going to volunteer to do the laundry.... that's always good for some extra change in the dryer!!
I'm thinking CGFI is on a upturn.
News on the way? I'm not sure, but I have been adding to the "stockpile" as the budget allows. (My timing hasn't been exactly great for the last 2 buys, I left some shares on the table, but my overall cost per share is dropping. Now the price per share is rising in leaps and bounds!)
A side effect is we can expect a better quality of grog soon!
I have a check in my wallet that I wanted to deposit with my broker for the last 4 days. (Just couldn't get there.) Now I'll have to settle for a few less CGFI shares for this buy. That's a good news / bad news situation!
Hey LJ,
You need to "translate" that
"asefofdgasvahxcovcvzZxcvvas
vasdghasdlgasg
asdlkjasd". (It is Icelandic, isn't it?)
Oh, by the way, 2 Buck Chuck is tastier when you get it in the handy gallon "box" packaging. That way the glass doesn't react with the essence of the "Chuck"!!
Happy New Year to all!!
Hope it is a prosperous one.
MT
Aye, Aye, Commodore! I'll put a few bottles on ice today.
I think it is time to invest my Christmas money into a few more shares too!
$CGFI
No, AK, we are taking over Scooter's place while she entertains family!
We will have the run of the joint until the grog runs out! (Just keep an eye on Grizz!)
So no moose this year! Oh well, I have a pork roast I'm marinating and glazing in a mixture of Maker's Mark & Apple juice reduction. (It comes out like "meat candy"!)
The moose will survive another year, but looks like the pig won't!
We should have told AK about the gathering earlier. We could have sent him out hunting for a "leg of moose". (That will feed 20 easily!)
Hope you enjoy the gathering and have a great holiday!
Hey LJ, you are a couple "reindeer" short of a full harness there!!
"Eight (not so) tiny reindeer!!"
TY, GTI! Sorry about the losses.
I think you have the right idea. Hold on till you see some dips and some indication of news. (I expect you have time before you need to buy.) You may need to be quick on the trigger, but the odds right now are in our favor.
I bought a little more last week. My average PPS is .75, and I have over $6k invested. If I sold today, I would lose $5800. But I always expected a long hold on this stock, just not quite this long!
Good Luck, GTI!
I believe you will catch the break you seek.
I know exactly how you feel. The waiting is the hard part.
So far the mill work seems to be on track, the pond recovery work is just about finished, and CGFI is checking out the mines with a great deal of diligence. (The Brooklyn mine was a surprise, but the right move if ore recovery was going to prove costly or difficult.)
Other than the declining share price, I like what I see.
Remember, you only lose if you sell low. IMO the price will rise again.
I'm a bit behind the curve on things Brendan, but I believe it is the Champion Mine. (Silverwing PR said it was OWNED.)
Remember, the $3 million can be a simple mortgage (and probable will be). Who will hold that mortgage is the question.
Most probably it will, Brendan, unless something spectacular is announced. I personally don't expect it to drop into the triple zero range as it was before. The mill is just too close to completion.
The market will want to see the mill in operation. When that happens, successfully, then the price should be on a nice rise. Where it goes will depend on the assay of the mines we own and buy.
See, we share a lot in common, Sergey! We both collect information in, what I refer to as "my cesspool of knowledge". You know, bits of crap that are useless until you get in the right situation!! (Like a game show or argument with a basher.)
I do my best work when, by the wife's standards, I'm in a pissy mood!
I really do have a migraine today, so I thought I would just make everyone smile with my Mayan forecast. Little did I know I would get someone to "slap the polished turds" out of!
If we take this on the road, we need some moonshine for the road, and some "Rocky Mountain High Colorado Bud" for when we get to Silverton! (hell, as soon as we cross the border!!)
Hey buddy, I stand corrected! And a correction from you is humbling!!
I'm glad you are back to civilization with the right number of holes in your body! Those extras are bad news, no matter where you get them.
Maybe we need to wait till the earth completes a full revolution? If not, how fast can we get to Russia?
The two most likely mines to be started, the Champion and Silverwing mines were not closed due to diminishing ore bodies. One was closed during WWII by government decree, and the other was closed due to a prolonged smelter's strike.
The historical records on both show large multimillion dollar deposits.
Your generalization about "finite resources" doesn't really apply in this instance since the ore has not been exhausted (or even extracted for about 50+ years). What was in the ground when the mines were closed is still there. (And both mines were productive enough to operate until they were closed (for reasons other than a lack of ore). The ore didn't disappear over those years! The mines will produce ore again.
The estimate of remaining ore is simple arithmetic function.
Your point about increasing costs of recovery and decreasing resources just does not apply here.
The price of precious metals have increased in multiples since each of these mines have ceased production.
The technology used to recover the ores has also advanced in those 50+ years.
If these had been operating mines, yes, you could say these theories might apply. But there are many years of production to come from these mines before that is a valid outlook.
In addition, there are many more sources (mines) of ore in close proximity to the POW mill. With the only mill in the area, the probability of success increases exponentially for CGFI.
You point to a time when the mill was not operating as a basis for your opinion. (The 8 years the mill was closed, you say the "investers" got hammered.) I do not think it is reasonable to expect profits from a non-operating facility. It's just unreasonable, and makes your point moot.
Investors in an exploration company must expect an average of 10 years before profitability. As I see it, CGFI is on schedule by industry standards and is closer to an assured profit than most other exploration companies since they are restarting an existing operation, not hunting for a new source of ore.
You obviously chose to see potential failure where others see potential success.
Study the past production figures of the mines and forecast the future production of them. The numbers indicate a handsome profit potential.
(And then adjust for increases in recovery technology since the mines operated last.)
However, expecting water from a well before it is dug is fallacious.
Likewise you can't expect profits from the mill before it is operational.
The POW was profitable when it was operational in the past. However, like most things in life, conditions (like the EPA laws) change. The mill is in the process of adjusting to those changes, as indicated by the progress with the partial DRMS permit approval. Only a fractional part of the original obstructions remain.
You seem to be looking for immediate profits. I, however, am investing in the long term for the historically proven profitability of the mill and mines. (I see more potential there.)
Different philosophies, which are not mutually exclusive. (IMO)
You should try my grog... That will bring a smile to your face too!!
I'm expecting we all will be around, and healthy on the 22, and on into next year.
I want to see the restart of the POW and a profitable company next year.
Again you err. I was posting a joke.
You also assume a lot, such as my position in life, without any knowledge of it.
Studying ancient history and stock calculations are not mutually exclusive. In reality, you can learn a lot about the future by studying the past.
"Those who cannot remember the past are bound to repeat it."....George Santayana
No problem, Franzken, I didn't take it personally. My intent was only to make sure the casual reader didn't expect the moderators posts to be anything more than their own opinion. We are as imperfect as the next guy.
{I have thick skin, as you know, Franzken! Only extreme personal attacks get through it! }
Thanks for your posts. I value your opinion and insight!
And by the way, my post about the Mayan forecast was a joke.
Actually, the Mayans had the year calculated as accurately as we do today @ 365.242 days per year. (So they did know about "leap year", they just didn't call it that. They calculated the length of the year more exactly than Pope Gregory, who developed our "Gregorian Calendar" we use today.
As far as Cortez, that was not a scientific event. You are comparing apples and oranges. And it was the Aztecs, not the Mayans who Cortez conquered.
The Mayan, who's civilization collapsed about 1000 years earlier, were very good observers of celestial events and advanced mathematicians. (First society to recognize "zero" as a value.)
They certainly would have been able to calculate the value of stocks, as we do today, or almost any other advanced mathematic equation.
You should research your statements before you make claims.
Seems there is a similarity to your claims about CGFI. Lack of research.
You may be right, CGFI may need to create that many shares to cover the forward split necessary to keep the PPS below $500!!
We all can make things up with no rationale behind it.
Rodger, Commodore Akula! I'll keep it under lock and key and place a guard on it! (Of course I'll need to sample some every now and then, just to make sure it's still "fresh"!)
All is good here, or at least nothing dropping a zero or two wouldn't fix!
Till then, I'm still buying when the budget permits.
I have some "Mayan Long Count" grog ready for the night of the 20th, and a few more cases ready for the mill opening. (It's the good stuff!!)
Still buying shares when I can, and holding for the restart of the mill.
(Need to pay for the grog somehow!!)
$CGFI
I think you may be operating under a misconception about the role of the moderators on this or any board on iHub. I would like to take a minute just to clarify what may be a misunderstanding held by many other readers.
Your post stated:
"A couple of months ago almost everyone (even the mods) stated that there wouldn't be a R/S even when we were sitting at .0001..."
as if moderators seemingly have sources of information that are not available to anyone else.
Sorry, but that is just not the case.
Some mods may be fountains of details, seemingly from "special sources" because they do a great deal of research about the company and the industry. Anyone could do the same and be just as informed, if they were so inclined. Their conclusions, however, may or may not be the same, or even one bit positive. That is why we all are here, to share information and compare, exchange, and interpret sources we have found.
It seems to me that if anyone has a negative outlook from the exact same information, then they would most likely have very little interest in investing in that stock, and most probably move on to a stock that they have a more positive opinion about. (so they can invest in it and make a profit.) That is why moderators are usually so positive about a particular investment, they have done DD and are usually a long term follower of the board.
All I as a moderator can do is express my personal opinion of a stock.
For example, my responsibility is not to CFGI, but to iHub, and is limited to enforcing the "Terms of Use". My post's and opinions are all a matter of a personal call.
Please do not confuse the position of a moderator as an expert on the stock itself. Rather consider the roll as one of a referee and the only "expert" information we have (as moderators) are about the rules relating to posts on iHub. (We don't get any compensation for our volunteering, and are by iHub rules, allowed to express our personal opinions, like anyone else.)
Yes, it is difficult to watch an investment's value diminish, but the decision to buy, hold or sell is strictly a personal one.
I hope this is accepted as a simple explanation to the board in general and nothing else but a clarification of what can be a confusion about the weight of moderators' posts.
Thanks!
GLTA.
Eloquent, and rhyming too!
That will get you an extra serving of "egggrog"!!