Just trying to make a buck or two!
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I will "draw it up" on paper, so we can plan it out best. You don't want to be too close to the POW mill, but the sound of a working mill in the distance lulling us to sleep at night would be like an angel whispering in your ear "sleep well, you are getting richer as you sleep!"
Hey Franzken, A buy back, technically can't be done until there is some income to use to buy the shares back. But there could be another reduction in the CGFIA A/S count, reducing the unissued shares. (similar to what was done yesterday. Just declare that 10 million shares would be removed from the A/S count.) That would have the same effect, but I think realistically, that may be tough to do. We don't know what shares if any would be needed for contracts or agreements in the near future. Don't forget the merger possibility at the end of the month. Shares will be needed for that, unless the recent cancellation of the increase is an indication that the merger is being put on hold till a later date, or cancelled altogether.
Still, great developments lately. Movement in the "upward" direction is always a good thing!!
$CGFIA
Just make sure there is a big yard and fire pit. I need a place to park the RV and burn some food on the pit.
And of course a "Grog bar", can't operate a camp without one!!
Then when you drop your papers, you can buy a "FatBoy" and drive around with the rest of us "wandering CGFIA millionaires"!!
I intend to drive the support RV, since I'm getting a bit old for learning a new trick like riding a chopper and swallowing bugs!!
Besides, the crew will need a pace to keep the Grog cold for those long cross country rides!!
We start in Silverton, and we need to go to Alaska to get AK and the "Alaska armada", then back to the lower 48 to pick up GRIZZ and the gang in the center of the states, (if he isn't with us already.) and down through Texas and across Louisiana to get King Z, and over to Florida to pick up the sunshine boys. Then we work our way up the east coast zig-zagging inland to get the Tennessee & West Virginia guys and gals, and up through New England to visit your home too. (and we can't forget "bean town" and 567!)
It should be one heck of a ride, with quite a story to tell when we decide to stop for a while.
Anyone along the way can meet up with us and join in, and we can always alter our itinerary as we go.
But first we need to get to Silverton. CGFIA will get us the resources. Plan that visit first.
Dang, MMan! That is a lot of rounds of Grog!!
I really hope you catch the big wave with us all!! I can see why you will be saying "goodby" to Uncle Sam if you do.
(by the way, wanna adopt me? I come with my own small nest egg of 20 million shares!!)
Simple, Mod. I think a 10 to 20 bagger is not even close to the potential that a long term hold on this stock can produce.
Unless I'm wrong, if this stock hits 1¢, that would equate to a 5,000% increase from where we are now. (isn't that a 50 bagger?? I'm not sure how that is calculated. Isn't a 10 bagger 10 times the original price? So a 20 bagger would be only .004?)
Yes, some of the long term investors here are looking at a large averaged price per share. They will struggle to get even in the near future. But the key to CGFI is that they will be in operation for years to come.
CGFI has a virtual monopoly of the milling in the area. Even just providing a milling service, profitability is guaranteed. (once they get back to milling.) The mine
leases however will be the big sources of income.
The better the business, the better the possibility for dividends in the future. I hope for those with the higher averaged prices that they will get a chance to see that happen.
I have been buying CGFIA for almost 2 years. But I was fortunate enough to average down to .0003. Many others here who are longer, did the same. (And a lot of the new investors have a fantastic opportunity to make big gains in very short order.
That is the way some things go in the investing world, I'm sorry to say.)
So managing your investments is important. If you bought at a high price and subsequently lost faith, then the best thing would have been to cut your losses. (Tough thing to do, take a loss like that.)
That is why doing your own research is important. If I had listened to others, (even my own stock broker) I would have been out of CGFIA long ago. But I trusted in my own research and applied what I knew about industrial processes, machinery and business, and concluded that the chances were much better for CGFI's success than their failure. But I needed to "learn" what to do in an investing situation where a falling price was hurting my investment. ("average down" See, I needed the investing knowledge. I had the other business experience to draw on.)
Not everyone will win a big jackpot on this investment. But there are many who will.
I hope you are one of the winners. (I wish that for all, but I don't know what the situation is for everyone.)
I see great possibilities in $CGFIA's future. Probably if you knew some of the things I knew about manufacturing processes you would see it too and be more confident. (and I do not mean that in a derogatory way at all. I just have years of experience in industrial systems of all sorts that I can base my judgement on.)
I wish all the holders of CGFIA stock good luck!!
Thanks, Ice!
No doubt Mr. Guyer is a calculating, hard working man. Others would have us believe that Steven is just a charlatan, freeloading off CGFI. I believe they are nothing but carpetbaggers themselves, looking to profit off our disillusion.
No one in their logical mind can think that this is anything but a valid, hard working company struggling against the odds, and succeeding, by bringing jobs and industry back to a gold mining area that has been forgotten about.
I give Mr. Guyer a lot of credit, not only for that, but for giving us all a great opportunity to reap the profits along with him and CGFI.
What more can one man do?
$CGFIA
Glen, I would just be guessing.
I expected one today, but the withdrawal of the additional A/S shares was a much better move and higher priority.
Doing that first was a stroke of genius. Now if we see a PR in the next day or two at most, I really will be ecstatic!! But there are many things that one could speculate on; the submission of the responses to the permit conditions, the definite securement of all necessary financing, removal of the DTCC chill, items like these that could be included in one big PR. A PR that would answer many questions and remove any doubt that CGFI was heading for the big leagues.
I have seen some posts saying that historically Tuesday is CGFIA's PR day. That may have some validity.
These developments are too good to just let them "happen" without fanfare.
I have seen some items get PR'ed a week later. I personally think that would be stretching things a bit, under our present circumstances. But then I do not know what other "things" Mr. Guyer is contemplating.
Let's hope we keep the momentum going and the PPS climbing too.
$CGFIA
ITMoney, it also represents a valid source of income for Mr. Guyer to negotiate a contract to get, and leverage the contract for more conventional financing. That can be the source of the necessary cash for any additional costs so the "conditions" will be met; then back to milling gold and silver!!
But you probably know that already!
$CGFIA
Hey, Blue, here is a place you can check on the shorting that went on over the last few weeks:
http://www.shortvolume.com/
Just enter CGFIA and look at last Thursday for example. That was a 1:2 day for sales to short sales.
I wonder if the "shorters" realized the position they are in right now?
They bet on the low price going lower through dilution, but now they face a price double (or more) what they paid, with very little chance of dilution, or a R/S... (sorry to mention that subject again Brendan, but I am on your side! )
Karma is a Bit*h!!
$CGFIA
How about a "Tbow" pose with a big nugget in his lower hand? I think it would be a fitting pose with all the praying that certainly has gone on regarding this stock.
$CGFIA
For sure, Bob!! NO ONE WANTS TO HEAR ME SING, 'specially when I'm "Grogged"!!
Great news today!!
Figures I'm just getting to it now. Happens every time I have a busy day, news hits the fans!!
I think in going to start planning a busy week so you guys can tell me about the zero we will drop while I'm "busy"!!
$CGFIA
Hot Damn! Way to go Mr. Guyer.
Nice "fake out". mr shortie sold short his "assets off" during the last two weeks. There were days we saw 2 shorts for every buy. mr. shortie thought he was surely going to get a lot more shares with a dilution in the near future, but what now??? All he gets to do is buy his shorted shares at a much higher price. We are at .0002 now, (more than the price it was shorted) and higher priced shares are on their way, so what is a "short" to do??
CYA, at a higher cost is all I see.
Better hurry shortie!!
$CGFIA is gonna get ya!!
Actually you really came to the same conclusion that I did, Hink. As long as they don't drag their feet between reviews and approvals, the TR's would seem to be a quicker path.
I know the Amendment process would include another public notice and objection process for CGFI to go through.
I would need to check the Hard Rock mining Rules about the TR process. If CGFI can avoid that, the Technical Revision would be the way to go.
Thanks for the research, debu, on the DRMS's TR & AM, and more importantly, the whiskey sampling.
I must admit that all I would need is one of those glasses to make me "groggy"! (Yeah, I am not too good at holding my whiskey, that's why I am usually the bartender.)
It will be interesting to see how the repository items will be handled.
I'm sure that K-P will have some advice, and Wally seems to be helping out with questions and required answers too!
(Nice to see the cooperation there. Maybe we did have an effect on them with the letters we sent??
The cooperation is a very good sign!!)
$CGFIA
Thanks, debu, I didn't see that yet. And that is a good question about time between TR's.
I'll see what I can dig up.
I remember reading something about multiple Amendments, but not TR's.
$CGFIA
I don't have the DRMS link, but here is the link to the document that Jazzpa posted. If you go to page 8, the middle paragraph right above item marked 5, it says
"
The DRMS and CGFI both have stated that the items listed in your post and their correspondence, numbered 2, 3 & 4, have not been addressed yet because the information was not available from the Clear Span company. (stated as not submitted in the DRMS correspondence)
Those three items really all deal with the same thing, the "Tailings Repository".
As soon as the data is submitted to the DRMS, 3 items should be gone.
The pipeline question arose because CGFI placed the equipment, for recovery of a buildup of water in the repository during emergency situation, in a different location. So the DRMS wants details on the new path of the pipeline. That is really all there is to that question. "How and where are you going to put this pipe?"
The substrate information may require a few test borings or trenches to gather data. (if it isn't in CGFI or K-P's hands already.)
These 5 items should not be viewed as extremely complex questions, because they are not. They can and will be dealt with ASAP, considering they constitute the remaining items in a long struggle to succeed where so many others have failed.
I'm not intending to attack you at all, Markie, I just wanted to present a little more detail on the items needed to get the repository underway. So please don't take this post in any way as a rebuttal.
Oh, one last thing. The DRMS has indicated that the repository will be dealt with as a "Technical Revision" (TR) not an "Amendment" (AM). That puts it into a different process than what CGFI just went through. It should be a much simpler procedure, and much quicker by comparison.
$CGFIA
My handstands will scare children and small animals, particularly if I'm wearing my cheerleader outfit. (Yes, I admit I can be one at times, but even a winning team benefits from the positive attitudes.)
6'-3", 230 lbs of middle aged (pushing 60) guy doing handstands can get one arrested if one forgets about wearing underwear... What?!!??? Don't be shocked, there happens to be some Scottish blood in my family tree, so I think of my outfit more like a kilt. Don't knock my rationale, it helps me cope with reality! (but so does the Grog!)
I expect the .0002's to stick around on Monday, particularly if we get a PR. Then maybe play around between 2 & 3 for a few days, and hopefully close near .0004 next week.
But we need to get exposure in the news.
The main thing, Huntewr, is this approval from the CMLRB is a major obstacle out of our way.
Now rather than doing only paperwork for the DRMS, Colo Gold can get to work planning and building the dry stack impound and drying process to get into production.
Again, it will be a waiting game for a bit, but I expect early next year we will be milling gold.
Good Luck,
$CGFIA
Great job, AK!
I will have some refreshments delivered to your post throughout the weekend.
And putting Grizz on watch for a bit might not be a bad idea. He probably would just rip a couple zeros off the price, and twist it around so we would wake up Monday to see .20 as the price! (just a joke for those of you who have no sense of humor!)
How sweet that would be!
Go get 'em Grizz! I'll break you out if they catch you & AK will drive the getaway car, sorry, bike!!
That would dilute the Vulcan blood line too much! (Spock was half human.)
\V/_ "LLAP, but I can't get any more power out of the engines, Captain, or she'll blow!!"
(Yes very confused as a child!)
The shorting information, at least the numbers, were posted just a couple of days ago. Look at "sem1"'s posts and you should see it there I think.
The sales are tougher to follow. I think you may need L3 to see that information.
Maybe someone can help us out with some additional information. It certainly would help us all.
If I can find anything I will post it for you.
Have a good weekend, Markie. At least we closed up today. That 100% increase will attract some attention. Monday would be a great day to PR this as a follow up to this close today.
Lets hope for some more movement upward on Monday!!
GLTUA!!
$CGFIA
Thanks Anthony, but to tell the truth, I was a lazy student. I got a lot better when I learned that making a sale, and money, was about communicating the facts in a clear easily understood way.
I may not be right, but I like to be logical.
(Spock was my hero, and Scotty was my roll model!!)
And a big "THANKS" to the MM is the sky!!
I would be in rough shape, I need at least one finger to type my posts!!
(Ok, no "off color" comments about alternative ways to type!!)
Anybody have some crazy glue? i want to glue that 2 in place so it doesn't move over the weekend!!
$CGFIA
We are in the same position, Markie. I started buying when the PPS was .0013. My average is now .000301, so I feel your pain.
In an exploration company, the share price won't reflect the true value of the company until they transition to a production status.
And yes, this company, in assets alone, is worth much more than $2.3 million. That is what makes this company a better risk than most. It is extremely undervalued. (And by the way, this is the reason the A/S was proposed to be raised to 60 billion. It will be used to ward off a hostile takeover by anyone with $3 million who wants a permitted mill in Colorado. A very cheap price if you calculate it. I do not think the extra shares will be used at all.)
We just passed a major milestone. Give it a little time to allow the market to realize the potential. Two days is a very short time to expect a small company such as CGFI to be noticed and attract larger investors. The chill by the DTCC isn't helping either.
$CGFIA
Buy CGFIA, that's the best tip I can think of right now!
And another round for the boys in the back!!
But why blame Mr. Guyer when he has an intrest in seeing this company succeed as much as we all do?
There are far more logical sources of these shares who have bet against CGFI by shorting the stock. Just check the numbers of short trades in the last few weeks. They outnumber the regular shares about 2:1. They have a greater intrest in seeing the price remain depressed then Mr. Guyer. Every time the price starts to rise, they dump a few shares to keep the price from rising. It is far cheaper to do that than buy the shares at a higher price later.
I don't agree that Guyer has a history of "dumping shares". His personal sales of shares is as regular as clockwork. He sells approximately the same dollar volume a few times a year to cover his personal living expences. And Guyer and the other officers of CGFI have not taken any pay since 2009. Everyone needs a source of income.
So many claims of CGFI "dumping shares" come across this board only to see in the quarterly report that the O/S remains relatively stable. Sure there are shares sold. But those are accounted for as payments for financing, fees to consultants, suppliers and workers.
The claims of dumping far out number reality.
I'm not trying to beat you up, Markie. It just seems that, logically there are far more probable sources of these shares than Guyer or CGFI.
GLTY
$CGFIA
Dumping shares at this price makes no sense at all!!
Not when there is funding available from other sources.
This is from a PR that has been out for about a month.
Perhaps you missed it?
http://ih.advfn.com/p.php?pid=nmona&article=53442885
UPDATE on the SHARE COUNT!!!
The total number of shares reported to our survey of readers here on this board is: 6,691,327,610 !!!
That is from approximately 150 CGFIA investors!
Thanks for your information everyone who participated!
If you wish to add your holdings to our confidential survey, go to:
https://www.surveymonkey.com/s/XZS5C33
and answer a few quick questions.
GOOD LUCK TO ALL $CGFIA INVESTORS!!
I think you are right, LJ. Most of the items that the DRMS asked for was information. And a good bit of that was simply recalculation of data that was submitted already.
The big question is about the information from CS regarding the snow load. That has to come from Clear Span.
Dangle a purchase order in front of them and see how fast they answer that question!!
The footing details are next in complexity and time needed to answer. I think that will require coordination between CS and Piésold.
And the financing seems to be already in place. Kuni reminded me last night that in the last PR about the pay down for the POW mortgage, there was a mention about the same financing being available for this and other items needed to complete the restart.
Now it is just a race with the weather.
Let's see what happens in the next few days.
$CGFIA
Good one Shamby! That's what I'm talking about. Those one line zingers do wonders for morale. It got more than a chuckle out of me!!
Come on $CGFI, make us all smile today!
I would be very happy with 100% a day for the next 15 days. That would put the price at somewhere north of $32 per share. (Dream big if you are going to dream! )
Little bites of the elephant, guys, and before you know it there is no elephant left!!
(That is the way the insects do it, the most prolific inhabitants on earth!)
Let's go worker ants of $CGFI
Good luck to all CGFI investors!!
CGFI will need to have the mill up and running to get those funds. Those contracts are for work to be done, so yes, the work is there, but the $9 million isn't CGFI's until it can earn it.
Hey GRIZZ, I understand how you feel.
Here are a few items that may help.
Kuni sent me a reminder from the recent press release that stated the funding used on the reduction of the mortgage on the POW mill will also supply the funding to construct the impound area for the dry stack area. So Guyer has that in process already.
The approval with conditions (5 in total) said no milling till the impound is completed. This is because the tailings are considered an environmental issue. Stacking the tailings, dry or not, outside in the rain and snow would result in leaching of the cyanide residue onto the membrane. The impound was not designed to accumulate large quantities if water, so it must be at least for the most part, weathertight. If not, a system will need to be in place to deal with that accumulation of "contaminated" water.
So the clear span cover protects the tailings from possibly leaching contaminants into the soil. (When the impound is full, it will be capped just like the settling ponds and the clear span cover dismantled and moved to a new site to be reused.) So, yes, there is a reason that things need to be done in order, at least for the impound.
I'm not sure about the old ponds, but there is the bond still in place on them. $500K+ in cash bond, most of which is to be returned when the recovery work is completed. That may not be necessary before the mill restarts, but it certainly is to CGFI's advantage to complete it and get the cash back.
The C&D seems to be partially in place. CGFI can ready the mill and freely conduct other work there now, but just not process ore. Before today, ANY work needed the ok from the DRMS before it could be done. So it seems like it is removed, except for accepting and milling ore. Plant renovations are now ok to do.
As far as the PR about today's hearing goes, I think we need to give Steve Guyer a little time to get the PR written and out into the public. He just got word last night about the withdrawal of all objectors, but the official word from the MLRB didn't happen until this morning. (And it is a small company, so we don't really have a PR department...yet.
I think a day or so may be acceptable to plan the wording and get it out. And don't forget that he may judge Monday is a better day to release the PR. (I'm no expert on those PR things, but I can see some advantages to waiting till Monday to alert the stock media.)
So far I see Guyer as being a calculating, shrewd, man who plans well and has had a lot of tenacity to accomplish what he has so far. He may not have done it on our schedule, made a few mistakes, and he certainly did piss off a few people, but he is "getting it done". He also should know much more than we do, so let him play the chess game the way he thinks it needs to be done.
He has as much on the line, personally, as we all do. He is in this to win. I still think he will make us all a basket of bucks!!
It is still a waiting game for us. But Guyer and company can now get to work on the dry stack prep.
Let's give him a couple of days to catch his breath and dig in to the next item, the merger and chill.
Fearn and staff can do the mill stuff. Guyer can work on the money.
Hang in there GRIZZ. It's not easy to watch and wonder, but we can't expect Guyer to be too open with his plans. If he tells us what his next move is, he also tells the vultures and buzzards who would surely pick every bit of meat off our bones.
CGFI is still vulnerable right now. Knowledge is power. Controlling the knowledge is even more power. Trust him just a bit longer. Your blood pressure will appreciate it!
You know we are all hoping for the best, buddy!
Besides, I need you to help me find an appropriate bike to ride around the back country with you guys. So don't blow a gasket on us!
Enjoy the progress we have so far. More will be on the way soon.
MT
$CGFIA
Thanks, Kuni!
It is good to know that there is money at the ready for the completion of this project.
The faster CGFI gets the dry stack impound area ready, the faster they start making money.
There is also the drying process equipment and installation. But those are indoor procedures and will not be held up by weather conditions.
Let's get to work!!
$CGFIA
The conditions themselves are not expensive, except for a possible increase in the environmental bond. (That even the DRMS agrees is an unknown. It may be nothing, or may be some added to the $500 K they have already. That will be determined when more data is evaluated by the DRMS. That data is the rest of the "conditions".
)
The majority of the conditions encompass information about the impound area to be built for the dry stack material.
The impound area itself is the costliest of all the conditions. But that should have been foreseen in the details of the plan submitted to the DRMS. After all, it is CGFI's plan.
The structure is the clear span enclosure to cover and protect the tailings from weather (rain and snow) during milling.
When the area is filled, it will be capped to DRMS specs, and the structure moved to the next location. (it is a modular tent like structure, already used in agricultural and mining situations.)
The cost of the clear span is the big question.
But financing to get it should be available, just like any other piece of industrial equipment.
I think it should be doable for about a million dollars. (JMHO)
$CGFIA