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Every single R/S I have ever heard of or seen has tanked after the split. 99% have then failed and disappeared. This one will not fail or disappear but it will tank much further before it rises, and rise it will. i kept half of pre-split shares as a hedge but will buy back in when this quits falling which in my opinion will be after the first run of the mill. My equivalent share will be much greater than pre-split but this company will never get me the potential rewards the pre split could just mathematical multipliers show that. It will reward me greatly though.
Hello again after a long absent. i sold half of my shares pre-split and plan on buying back after the natural fall after post split That should hugely increase my position in comparison to where I was although possibility of the the enourmous rewards are now cut down to great rewards. I think slide will end around $.10 pps and hover there until first mill run of ore. Buying in anytime around present value and my prediction and I still increase my holdings from pre - split equivalent. happy trading to all.
Yes I have 2400000 sold at Ameritrade in 20 minutes.
At $5 pps my profit pre split would be $150,000,000 and at post split $30,000. No way it will hit $5.00 pps . Helca has a much more vast holdings and they are not that far above $5.00. this was a disaster. Of course you could roll the dice and hope the drop the reverse split after it drives out the shorts but that is like holding a dead man's hand. Aces and Fives
I sold 2400000 @ .0001 with Ameritrade and it went through in 20 minutes probably the MM's trying to cover themselves
To get the price of stock after split that it is worth at today's price the price per share would have to be $.50. and it would have to be beyond belief to acheive the riches we all dreamed of. I have went through several reverse splits. The only way to get ahead is to sell. Then wait a period of time after the split to buy back in. Why Because in 99% of reverse splits the stock takes a node dive from the initial pps after split. so you have to buy back in when the price drops. If, and only if, the company becomes profitable will the pps then begin to increase and hopefully over a few years you can hope for a couple of forward splits. So this reverse split was a disaster. I'll keep a few shares to keep abreast of thoings but I'm selling off now
Hey Ficose sorry this is late but thanks for the info on the mexican mine i always wondered what happened to that. I got into this When it was being promoted by the Contrarian Stock watch and it's Compass. Would be great to see them promoting again it would really jump the price. Don't have private privileges so responding here. . It is also nice seeing the bid pool dwindle each day. now down to five digits. Hopefully will soon dry up.
Suggestion at celebration in Silverton let's reserve a private table just for the cynics and naysayers the've earned it
If memory serves me right the company even had interest in a Mexican mine. Yeah it has been a very long tim. my first buy was at $.56/share. Would be great to see that again. Would full fill my deam of being an anonymous philanthropist. a long race but finish line in sight.
It's ben five year wait fo me
My personal gut feeling is that the board will approve without conditions. Reasons !. Wally continues to be too nit picking and the Boardis gwetting a little tired of it. (specs provided answered his his conditions but are a little out of his leaague to decipher,) 2. cColorado desperaate to take care of some of it's unemployment ( as is the rest of the country ) 3. Operating Mines as well as non- operating but mines with active permits to mine need this mill to open and State needs tax revenue they will generate. all huge factors. The board will understand that the Dry Stacking drastically reduces the chances of soil and water contaminaation over the conventional means of taking care of tailings.
All DRMS does is make recomendations they do not grant permits theColorado Mining BoarMining Board which is the Governing Body grants the permit DRMS is an employee of the Mining Board. The Colorado Mining Board is who the company goes before August the 9th. As previously stated they caneither fully accept the recomendations of the DRMS, Partially take thee Recomendations or chose totally not accept the recomendations. So they could grant full approval without conditions. Colorado Mining Board is thwe final say. Do DD
They can also grant approval without conditions. Remember the conditions are also DRMS recommendations. The Board could see all of the technical part as being already addressed by what has been submitted and that Wally just doesn't have a grasp of it. depends on what And how facts aare presented to full board.
First shares bought at .57 on 04/02/2008 have lost only a small pitanance by buying and selling smart. averaged down and bought and sold so now my investment would be actually about half the bid Fridy. ( for those who don't understand that a few sell at .0002 and buy at .0001 ) has been a very long wait and still some to go but aas they say peserverance pays off Total now 30 mil wit scottrade and 2.5 Mil through tdameritrade ( my chump change LOL - have that set at sell of .50 with six months extension time- wish Scott trade would allow me to set a high sell price ) WE ARE FINALLY ON OUR WAY. In a year from now may be able to take a world cruise in the owner's penthouse
Plan on off loading it just before merger to hopefully get a small profit since it will be restricted for a year after merger
I'm holding 600 shares on TDAmeritrade
Happily will give my Tithes and the government and the rest will be taken care of.
Inform is a radical Green movement whose agenda is to stop all mining and energy resource exploration. Even if all of their demands were met they would come up with further obstacles to prolong , monetarily burden, and stop all endevours.
Here is an interesting read about the true manipulators of metal miners and why they ae being held down but will eventually crush those same manipulators. So all CGFIA has to do is hold on higher value is inevitable. Surprise the culprits ARE NOT the MM's http://www.wealthwire.com/news/metals/3142?r=1
The dreaded no bid Hopefully this disapears
Getting really tired of people asking for the company to put out information. at this point it would be useless blabber like the three straight Feb 28 through Mar 1 i think they only put that out to apease all the request for info. Until they get assays or permit becomes active all newsis basically no news. Also tire of hearing the no bid alarm too much real work legally an d physically at mill for that to happen because there are some big bucks keeping an eye on this and they won't let that happen. JMHO
You can tally me for 25 million now. and yes if you have the patience you get shares at .0001 but must be double digit millions at least and then wait 1 to two months. i think time is probably two short for that though. I got two mbuys eaCH TOOK 4 TO 5 WEEKS done with that now.
yes I have
Just on word of caution if you would get your buy at 1 completed and then want to sell a portion at 2 do not put that order in for at least 25 hours after the first completion. That is called day trading and some brokerages will put your trading on hold for a period of time. going other way doesn't matter because it takes 2 to three weeks to get a completion at buy of 1's just for those new to trading
Announcement from CGFIA was nice to see and probably was issued to satisfy need of a few to have some type of news. However if you read it you can see that this could have also been issued the first week of February which would have been within the 5 days DRMS issued acceptance of full filing of amendment. May 1, 2012 is the key date. That is when DRMS will grant or reject the amendment ( yes there could be a glitch and a rejection given which I doubt ). Until then unless the assay results of assays come back showing great ore I believe that current trend in trading will continue which means great opportunity for aquisition. When the mill starts up i believe there will be some problems only because it has set idle for a very long time. It would be a true miracle if everything ran smoothly from the git go just doesn't happen in the real world. My point longs know this newbies need to get it key is patience , patience , patience . It is coming and coming big but not today or tomorrow. this is time to buy. Pick your comfort zone. You can get at the 1's but it takes about two to three weeks and order needs to be 10 mil or higher. you can get 2's almost at once any amount. I've bought at 1's sold at 2's keeping a base amount and bought back larger amounts at 1's again . I think there are only two cycles left for this until 1's and 2's are gone forever meaning just around May 1. Choose your game trust it and it will work
That would be on my Birthday LOL
Maybe a little encouraging news. Added a small buy today for 400,000 shares got same amount but in partial buys. kicker is when my number in que came up it took almost 25 minutes between the two partials ( 250,000 and 150,000 ) completion. And that of course was the ask. Somebody scrambled to get shares to sell in IMHO. In all my years of trading I have never had partials at the ask only the Bid.
I was honored to be a crew member on the USS Lapon during the cold war she was a fast attack nuclear sub we used to say there were only two vessels in the navy. subs and targets LOL
Just a thought: As for a buy out or delivery of ore to mill Helca may be out of the equation for some time since they are having a big mess to deal with. Lucky friday mine probably closed until early 2013 at earliet and they are being investigated for Securities Fraud also. check out HL public news on your brokerage sites
I don't think they would go that way unless all possible metal milled first Custom milling processes only one or two metals at a time any left they wait until price for that perspective metals financially worth it Just my understanding when CGFIA explained one reason they pursued dry tailings over wet
trouble with that is you are throwing your money away in commissions and it won't change this pattern Only the mill up and running generating revenue And very favorable assay results. There is another future revenue out there everyone has forgotten. a big plus on dry tailings is that for example you custom milled for gold and dry store your tailings and in the future one of the other metals rose significantly invalue you can pull tailings out and re-mill for that metal. Now herein lies another big possibility. when you mill for another company is the tailings unmilled metals CGFIA's After all afterall the other company doesn't want the headache of properly caring for the refuse
Totally agree bouncing between .0002 and .0003 So ime to accumulate without spending more money. sell off portions at higher rate buy back added shares at lower rate. use the percentage you are more comfortable wit doesn't take until you are ahead of the game and aren't using your own money per say. at this low to bottom you should only lose if the company goes bust. only those wanting to avoid total loss would sell at .0001 and that is desperate. when mill is producing is when present opportunity will be lost forever JMHO. Just remember set a minimum holding you wont go below when selling mine at present is 7 million but trying to make that 10 million then on it is nothing but fin not really playing any more withcash I put in at that point
CGFIA does not have to wait for their own mines to produce to generate revenue once cease and desist is lifted from mill. They already have existing orders from other operating mines in the millions.
Wow gamble paid off just got checked and some of my buy order went through for .0001
makes sense to me Just remember do not use money you can not afford to lose.
It's dice rolling time for cheapest possible stock. Iron Rule is buy Cheap sell High. Any change drom .0001 is total loss or at minimum double gain doesn't get better than that because you are sitting at a fifty fifty gamble and in pennys that is the best odds you will ever get. And Pennys are always a gamble hopefully an educated one IMHO
I've actually have put in buy order at .0001 what the he** i figure I can still get a buy at .0002 in next couple of days but doubt that low after first half of January.
I agreeI I was just addressing those who were crying about going down after receiving news about permit approval. Some probably mistakenly thought it was the lifting of the mill cease and desist. No one was waiting on a remit to survey and explore the Silver Wing at the least the wait was news about final purchase of the Silver Wing
I've seen a lot of post and dissapointments of what is being percieved as release of news about permit for mill. The permit was for drilling and exploration of the Silver wing mine no big deal.
NO news in mill ammendment or assays out yet. Earliest filing ammendment 12/21/2011 latest 12/31/2011 people trying to get maximum for cheap prior to Big News not just filler news but everyone has been crying for any news at all. get real preliminary permit to survey does not get substantial gains for obvious reasons
That is a bad lsiting site it comes back error 404 can't be found