Just trying to make a buck or two!
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That really shouldn't scare them.
Yes, those are the lazy ones. If they look further, a little DD about the expected P/E ratio should tell them that this is a good call.
I'm "betting" on it.
Word will get around NJG!
I am relatively new to Elray. It came up on my radar through "Casino Gaming Manufacturer's" board. (Sorry if mentioning that is a violation of the board's rules)
Thanks to all you posters who shared info & DD there, it gave me a healthy look at the company, and a good feeling about what I saw.
Unfortunately, and as usual, I expected things to move faster than it did, weeks not months. That was just long enough to cut the PPS by about half. (I averaged down when I could, so it didn't hurt anymore than a bad evening at a casino! At least that's what I tell myself )
Now we all get a second chance to get our "buy in" back and make a buck or three. You don't get that in a casino!
I believe this will be the stock that I will say "darn, I should have bought 5 times what I did!" (No, I'm not greedy, I'm just needy, as a lot of us are.)
The next few days should be fun to watch.
Hey kei, pennies tomorrow? I think you hit that one on the nose!
And then we wouldn't need an R/S, would we?
I have seen others post about similar situations where a R/S was announced and ready to happen, but the PPS took off and the split was cancelled. Seems like that would apply here, wouldn't it?
I'm holding onto all I could afford to buy. I need to see a little over a penny to break even, but I do believe this stock will far surpass that. As always, it is never as many shares as I wish it were.
Good Luck to all~
So nice to see green! I'm not going to ask if it will hold till the bell. Last time I did that it fell almost instantly!
GLTYA.
CGFIA!
Each mine's assay will be different. The P/E would apply to the total value for all the mines combined, plus any earnings the mill would produce from the Toll Milling. (assuming POW has the ability to mill more ore than what it pulls out of its own mines.)
JMHO
That is the way I understand it, Brendan.
I didn't want to get into the multiplier, because I was not sure of what number to use. (10 seems to me to be an accepted number, but it varies depending on the industry) So, even with my goofy brain math from last night, that should put us right back at 13¢!
Now, as far as the mines, yes, I count 3 also. But that could change; Guyer seems to have an uncanny ability to find these "gems" and getting options on them. Imagine what he will do when he starts to get some profits from POW to work with.
The real point of this is CGFI has such great upside potential. And the downside, as others have pointed ou,t is limited to the "piece of the action" that you bought in for.
Where else can you find a company that offers the potential for a return percentage in the thousands? (% not $'s)
CGFIA
Poor Wallace, it seems he can't win.
I did notice that there was the same wording in his letter about "approve, approve with conditions, or deny" as contained in CGFI correspondence. Must be boilerplate, and an accepted way of doing business at DRMS.
Ok, I did it again. .013 is not 13 cents, it is 1.3 cents.
I need a nap!
Please forgive the error (again) or as "Roseanne Roseannadanna" from SNL used to say, "Oh, that's different, NEVER MIND!"
I can see it happening, Brendan, but without exact numbers these are just guesses, educated ones, but still guesses. (I am holding my position waiting for figures in that range. But I must admit, I will be finding it difficult not to sell some when I look at my trading statement and see figures over $1.5 million when it reaches a dime.)
And as far as Guyer, I think that with Hennis circling like a vulture, trying to pick up anything he can, Guyer is better off keeping as much information as possible private. Timing is everything, so he will hold it until it will do the most good.
I like to compare Guyer's position here to playing in a high stakes poker game like Texas Hold 'em. You get a limited number of "face down" cards and only you know what they are.
If you turn them up before the last card or last bet is placed, then it is easy for anyone to take your money.
Guyer is better off not tipping his hand, at least for now.
JMHO
CGFIA
I just pulled the truck over and used a calculator. $300,000,000 (300 million) divided by 22,000,000,000 (22 billion) does equal 0.01363636 or 13¢ per share.
And you are correct Brendan, this is only the estimate (historically based) for the Silver Wing mine silver deposits alone. Add in the other holdings and options (conservatively) and it could easily be an additional 13¢.
I would be happy with 13¢, but the upside potential is considerably more.
THIS IS JUST MY PERSONAL OPINION and only "back of the napkin" figures. Everyone should do their own estimates.
I'm glad there are all you guys checking my figures. I sincerely appreciate the effort!
GLTYA!
CGFIA.
Now all we need to do is get this price out of the basement.
You are correct Bakinfive, That's what i get for trying to do math late at night in my head and in the dark. I think i must have dropped a zero during my ""cut and paste calculations. i need to go back to counting on my fingers!
Sorry for the error.
GLTY
CGFI
Not with any real accuracy, ST.
As Brendon has discussed, the value of the mines CGFI has control of is the key. That is why everyone is anxious to find out the assay results.
The SilverWing mine has been estimated to have a value in excess of $300 million. (some people expect more.) That value alone, if accurate, would bring the 2.2 billion shares outstanding to a value of .13¢ each. The other properties would just keep adding value on top of that, along with any increase in the value of precious metals. (copper can also be a factor)
Even if it is only 2¢ per share more, the per share value @ 15¢. would represent a 1500 bagger!
I personally would be happy to see that value reached. 10 million shares would be $1.5 million.
Of course, I can only offer my estimate. Others say the PPS could be .50 or more, others say far less.
So take this as just one person's humble opinion.
I'm hoping to be able to take mine to the bank!
GLTY~
CGFIA
Hey Brendan!
If you don't mind my throwing in my 200 shares worth (2¢), I would like to offer you my perspective on the assay results.
I know it is difficult to wait and wait for the numbers, but I think we have to let Mr. Guyer play this in his own way and according to his own timetable. I believe that disclosing the information right now with the chill still in effect, and before the modern, custom, high capacity POW mill is reopened for operations would not give the CGFI shareholders the "bang for their buck" that could be the true potential of the Silver Wing and the other holdings. Guyer knows how to play the game of building companies' net value. Without having a clearer timetable for the upcoming corporate milestones, he is better off keeping the information quiet.
If CGFIA suddenly was shown, today, to have immense wealth, it would be gobbled up for a fraction of its potential worth. We shareholders would not get our cut of the prize.
I know it is not easy, but waiting a little longer (some times in the dark about the exact details) will bring the returns that we longs have always known CGFI is capable of bringing us. After all, every company has to guard the important details of its secret to success. (What would a Big Mac be without the secret sauce?)
Ok, who just said a Whopper?
Wishing all us longs a boatload of good luck!
CGFIA!
And a "double congrats" to you, the wife and your Super intelligent offspring!
But, along with the good comes the bad; my condolences to your wife for having to put up with you for 25+ years! Remind her that it is all "downhill from here", in many ways!
The one good thing about being married for that long is being able to know what the other person is thinking. The bad part of being married that long is knowing that they know what you are thinking!
Great link kuni! Lots of info for the novice DDer to absorb. Thanks for the link!
I am sure someone will try.
You know that applies to both here and the outside world.
As soon as it appears that you are making progress, the "chiselers" come along and try to get your process the easy way.
The guys who will profit first (beyond CGFI) from the dry stacking will be the design group who did CGFI's plan. Of course there will be many more people benefiting from the dry stacking, even just the POW reopens. Silverton and all of Colorado will be helped.
As far as the DRMS, I think you are 100% correct there. The DRMS experts are getting an education on CGFI's dime. That is a tough thing to do, sell an idea to someone without embarrassing them by showing you are smarter than they are.
I always tried to make it look like a "new idea" came from my customer's people. But in this case, the DRMS doesn't realize how much they really need the dry stack idea. So the "selling" is exponentially more difficult.
I have faith in Mr Guyer. His intelligence is going to get this project up and running, come "Hennis or high water"!
CGFIA
Hey AK,
You know the only trouble with being the model for a "new" process, like the dry stacking, is the fight to get it approved and all the cost & extra time it adds to CGFI and the POW mill becoming a profit center.
However as it has been said before, in our case, the wait will be worth it.
The POW is a custom mill.
You need to look at the post again. "Custom", as it was used IS an adjective, describing the type of mill the POW is.
Brooklyn mine is: 0502944
Silver Wing number is 0503760.
Also includes POW mill.
As listed on the link provided by nvtaylor
No way to tell without knowing the details of the merger, but if you look at "Sweet Crude's" post stickied above, it is estimated share value will be as such:
Quote:
"ELRA currently has around 700 million shares issued and outstanding, but for the sake of closing the merger, and estimating for dilution to close the deal, even at 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS."
I personally think that is an overestimate of the total shares required, but it is better to underestimate the future value and be pleasantly surprised than overestimate it and be shocked and disappointed.
Since the future share price is estimated to be as high as .10 ( as stated earlier in the post), then in that case it could be substantially lower that 3 billion.
Hope this helps!
GLTY
ELRA
>>>"there is no such thing as a patial (sic) mining permit for a hard rock mining operation in Colorade (sic), at least none that I know of"<<<
So, then without any credentials or references to this statement, it is another "WAG", like the 'simple advice' about the mortgaged ownership of the POW? (And how valid did that turn out to be?)
It seems this 'opinion' is really an argument with the DRMS, since they are the ones issuing the statement about "approve, approval with conditions, or deny".
By the way, EVERY approval has "conditions". They are the standard rules of the DRMS.
And another point, the mill is NOT a mine. It has different rules pertaining to it than a "hard rock mine".
To follow the logic in the statement that an "a permit approved is a (sic) approved permit - regardless if you have conditions tacked on. The permit is APPROVED." equates to the POW mill already being approved!!!. The DRMS has already issued a permit to the mill. It is still listed as "active". However, as we all know, it has a "C&D order" against it. (That too is a condition) It has not been "yanked", since that permit is still on the DRMS books as active.
This 'opinion' has no basis in fact, and is just one unsubstantiated comment containing multiple illogical conclusions.
JUST MY OPINION, and a little bit of research and common sense.
CGFIA
Nice way to start the day! Now, can we keep the 2's and go for 3's?
This is where it gets fun!
GLTA
CGFIA!
Not that I can remember. But then again my memory is shot. It has been a long day "watching the kids" around here. Those little scamps and their pets get into everything!
Anyone lose an argument? I found one on the floor where someone dropped it.
Not my job! I'm a dog person!
Where were you earlier when I needed you, you eloquent wise old man? Out riding your Fatboy?
Everyone IS entitled to their own opinion. But when false or erroneous information is presented as "real facts" then the readers deserve the correct information be presented.
I give sources for the information I put out for all to verify.
This question of CGFIA's ownership of mortgaged assets has been tossed around for months. I think the answer has finally been provided by an outside source (a lawyer dealing in this area of expertise.)
Thanks, StickyTree420. You see the same things I do.
GLTYA
CGFIA
It is a word for word quote from the legal website. I don't alter quotes. You can check it out yourself. Sixth paragraph down.
Thanks, kuni. That looks like good bedtime reading material. I like the PDF format. I can put it on the iPad and be comfortable as I dig throuch it.
So does a good mug of Grog!
An interesting tidbit of information I found while surfing the Internet looking for answers to that mortgage question.
I found some websites that were explaining the different Debt to Equity ratios for various industries. Gold mining companies had little (.08) or no debt to equity ratio. But gold EXPLORATION companies had ratios close to 30 to 1. (and these were the more established companies.) Can you imagine what the ratio on the junior explorers would be?
Oh, by the way, 9lt98x, I do have the deed to my house. It has a lien against it filed by the bank that holds the mortgage, but I am the owner of the property, and my name is on it as owner.
I don't expect they will until a more substantial and detailed agreement is forthcoming. Too many "binding LOI" have come and gone and never got executed.
Speaking of execution, please don't shoot the messenger! (I got it from the Casino Manufacturer's message board. Shoot the guy who posted it there! )
I'm still hoping for a break for all of us!
Did you read the lawyer's explanation of how it works? The deed is held as collateral against the note. The mortgage in and of itself defines the transfer of title.
Under your way of looking at the situation, what would happen to any equity that accumulated during the length of the mortgage?
Most mortgages never run their full term. Therefore, under your theory, your equity would be forfeit or go to the person who sold you the property, even if you paid every payment on time.
Sorry, but that is just not the way it works. Read the lawyer's explanation. If you search the Internet you will find multiple sources with the same explanation I cited. I could not find any to support your theory.
GLTY
CGFIA
Just remember....... Cgi 'leases' the mill and property with a mortgage-you don't own until paid off, only a mention of an option on the silver wing at this time.
Wow, Kitt, you scored a hat trick, 3 erroneous statements in one post!
First: The POW mill is owned. Check the quarterly statement and you will see. There is no "lease" involved, it is a mortgage. You can't mortgage something that you do not own.
Second: By legal definition, "When a borrower who owns or is acquiring property gives the lender a deed of trust, that document gives the lender ownership of the mortgaged property which serves as collateral for payment of the debt and for compliance with the other obligations which the borrower agrees to in the Note". Your idea that "you don't own until paid off" is just wrong.
You can read all about how the law views ownership and mortgages here:
http://www.avvo.com/legal-guides/ugc/what-is-a-mortgage-basics
In addition, "If the borrower defaults in any of the Note terms, the lender can commence judicial foreclosure.” That means you have to take legal action to get the ownership back.
Third: You obviously do not understand the value of the option on the Silverwing mine, or you would not dismiss it so quickly. The option gives CGFI the right to buy or lease the mineral rights at a time of CGFI's choosing, for an already agreed upon price. (No one can buy it out from under them.) In addition, the option gives CGFI the ability to verify the assay information, all at a relatviely inexpensive price.
You have claimed in the past, and you do so here again, that "Cgi doesn't own anything". That is blatently wrong. I know you wish it were true, but wishing does not make it so.
Sorry Kitt, but you missed this one by a mile.
CGFIA
I was told that NASA used the formula to create the rocket fuel on the Atlas rocket that got us to the moon, but I think someone was pulling my leg.
I have a catalogue of excuses! At least one for every occasion.
I'm running on zero sleep, and I think I am starting to hallucinate. Two days in a row with "news" from CGFIA. I expect pink whales to show up soon.
I'm still trying to figure out what is going to be tomorrow's PR!
Ditto! I need .03 to get out even, so I am excited to see a projection that exceeds my break even point!
Let's keep thinking positive.