Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Could this move be to decrease the number of share holders? And if so, what harm do the small holders (less than 500 shares after the previous split-are there any?) have on the price?
I don't know about anyone else, but I pulled out and am in "wait and see" mode. The potential loss of missing the very beginning of the upswing is no where near as bad as the potential loss of a complete crash. I'm still leaving dry powder in my account for this curiosity, though...
WAY too many unknowns with this 8k/RS to leave my money out there in the wind.
Norman Singer, from Forbes:
http://www.forbes.com/profile/norman-singer/
Something I learned long ago, there are no sure things... That being said, the total DD on this company is MUCH more complicated than any poster could supply in the short time you have existed on this board, and there are many ways to skin a cat (or make money, as it were). Shorting may be great, temporarily, but it is, in my opinion, risky in the long term, as, like you rightly agree, the future is not fact, and the data is showing that the next couple of years are critical.
I, like many of my fellow investors, see the opportunity of buying low, and holding, for the long term, some buy all at once (not my choice, but it takes all kinds), and some buy little bits at a time on the way down (not necessarily bid sitting, but as a way of managing risk).
Finally, I agree with other posters on the board: Your comments are only slightly factual, and so I wouldn't consider it knowledge as it implies fact... "No insider qualifications" which insiders? too general to be pertinent... "No performance data" too general, what KIND of performance data?... "legal documentation only consistency" does witness photography and local resident photography not count?
That being said, your posts are entertaining, about as much as a good ol' fashioned Tom 'n' Jerry cartoon... but I give little value to the latter, just the same.
Good luck to you, and your Shorting
-Soup-
Not to get in the middle of this, but Hemi, the fact was the statement of '6 years'. Following the phrase "6 years" supposition was attached to the fact in statement of the very real possibility of the mill operating this coming summer. Since the future is never fact until it is passed, it is obvious, at least to me, which is which.
You, of all posters, should know that one can place supposition and fact in the same sentence, and label it fact, as long as it is at least semi-obvious which is which (events in the future are not fact, obviously)... and I for one, can tell the difference, as I'm sure most even semi-intelligent posters can, as well.
GLTY :)
-Soup-
Here's the location and mineral data for the Champion Mine, there is a location image on the page as well, showing one of the old structures at the site.
http://www.mindat.org/loc-119016.html
It says in the company's daily stock report email, the ticker symbol is CGFID until October 10th, 2012. No one is posting anything because there is no new information, yet. Why fill the board with hot air?
GLTY
In the emailed daily stock report from Colorado Goldfields, it says the Ticker is CGFID until October 10th.
Here also!
51.12% of volume was shorts today... explains a lot.
http://otcshortreport.com/CGFID
The shares trading here are the class A shares, which have an A/S of 7 million shares. The 500 million shares are the class B shares, which are not being traded here at all.
GLTY and GO $CGFID
Interesting... Scottrade is showing OS as 5.6 million
Just Talked to Scottrade, they said it would be between 1 and 4 days before I would see the share exchange appear in my account, the '#' sign would be removed, and the new symbol (CGFID) would show up.
Go $CGFID
GLTA -soup-
I'm looking at Scottrade, and the only recent insider sales were, to my understanding, from the "planned sale" on June 22nd. (planned sale was 236.6 million shares, and the two sales I see at the end of July were 100 million and 136.6 million shares respectively.)
Nothing new in August which describes new insider sales-as per Scottrade's provided info. Unless you have special information for your eyes only, I'm inclined to disagree with your comment that Guyer is still dumping shares (as in presently ergo: within the past month-especially since the R/S announcement). I also double checked this with the Nasdaq page:
http://www.nasdaq.com/symbol/cgfia/insider-trades/sells
Please tell me why I can't find what you are talking about?
Thanks & GLTY
Excellent post, and thanks, golden grog... I've been wondering about this all day. No one seemed to come up with a very clear and concise answer, on this matter, until you. I appreciate it.
GL
When looking at the SOS of Nevada website as posted last night, I can't help but notice it looks like they are only splitting the class A stock, the B stock is not splitting-- hence the total shares dividing the value of the company is still 507,000,000 and 495,871,533 outstanding shares respectively between the two sets (Class A and Class B) of shares... this is the only bit that really bothers me right now...
GLTY
I don't know about anybody else, but if this DOES go below $0.50 after the R/S, I am definitely buying more... I'm glad I saved my dry powder for the panic/emotionally driven investors. :)
Go $CGFIA
The only thing that can take CGFI down now, would be a disaster of Armageddon-like proportions.
Here here, debu! Couldn't agree more.
Go $CGFIA
Here here, debu! Couldn't agree more.
Go $CGFIA
Agreed, LJ... the idiom is in reference to a topic being controversial. All I see is a comic referring to the two sides in town which are probably fairly polarized on the issue, but CGI is staying steady and strong because a paycheck almost always wins in the issue, and once money starts coming in from the mill, I certainly agree that the "Hot Potato" topic will cool down.
GLTY and GO $CGFIA
That type of presentation is right up my ally... It's not "action" packed per-se, but it definitely get's the ol' spinal wart churnin'
Deja Vu... eom
No worries, this is just data based on every past El Nino year, take it as you like. I'm a 5th generation Coloradan, so I'm right with you on what the weather is like here. Still, El Nino does what it does to the Southern Rockies while Denver usually has an equal chance for wetter or drier than normal weather during El Nino, and the Southern Rockies usually get pummeled.
One of the old timers I work with lives in Lake City, and while it's drier on that side of the mountain (Rain shadow causes a precip dump on the West Side and relatively dry on the east), he still concurred the insight yesterday when I asked him about what El Nino usually does to that side of the state. Southern Denver is VERY different from SE Colorado when it comes to weather patterns... Of course: If you live here all your life, you must know that...
But outside of opinion: just because you live here all your life, doesn't make you an expert on SE Colorado weather patterns and how El Nino affects them... To completely discount the possibility of more, epic snow events at the mill would be FOOLISH. Though, to say it's an absolute possibility would also be FOOLISH. El Nino has a high probability of developing between August and September, as per NOAA, and that leads to more snow in SE Colorado... The Platte River Basin (Denver Basin and North) is very different in regards to how the pattern affects weather...
Just keeping it real.
GO $CGFIA and GLTY
Based on the El Nino Forecast, Meteorologists, here in Denver, are predicting a big precipitation year for this fall/winter for the Southern Rockies (Durango/Silverton). NOT that this will shut the mill work completely down, but I'm guessing we're going to have a few more big snow events than average at the mill this coming season.
GLTY
Except the POW Mill is NOT up the side of a mountain...
You can see it is on the valley floor in this link to a topo map:
trails.com topo of POW Mill location
She's also the project Coordinator for the "Sheep Mountain Alliance" (sheepmountainalliance.org). Seems like a rich transplant living in Telluride, CO trying to keep the state as her and her cronies playground while the working class suffers without jobs. Anyways, if you look around the two websites, it's clear her endgame is to make the redtape too expensive for the mine, or in our case the mill, to begin operation.
I saw it on Scottrade too... Someone really wanted to put the fear into people: looks like 650 shares were traded at 0.
Please, where does it say they "forgot" to submit the paper work? I have combed through all of Am-03, all of the PRs, all of the SEC paper work, and all of the DRMS online laserfiche, and yet I cannot find any reference to "forgetting" what I'm assuming is the Engineering paperwork? If you provide a link that would be great!
Just fact checking your "facts".
-Soup-
Last time I checked, and this is only a few weeks ago ALL mining and milling operations in Colorado are required to be bonded for reclamation... and Honestly: $500,000.00 is not very large... Many of the surface coal mines in Wyoming have to put down MUCH more cash in the bond...
Is Janet Powell an objector from the previous meeting in front of the MLRB as well? Her objections seem pretty easily refutable but I'm still curious... I posted a link to her objection below:
http://drmsweblink.state.co.us/drmsweblink/0/doc/949740/Electronic.aspx?searchid=b9f4754f-c51f-4fbb-8685-798143ad927a
Thanks! I'd love to keep a few CGI coins in my pocket just to hear them jingle throughout the day.
Just thought I'd stop by and post this bit of good news for Colorado Gold and Silver: There is a bill in the CO state Senate to consider gold and silver coinage as legal tender in the state! It is looking promising.
Here's a link to the bill as it exists today:
http://www.leg.state.co.us/clics/clics2012a/csl.nsf/fsbillcont3/4EDF3AF750C8884D8725798800594C82?open&file=137_01.pdf
Finally an OFFICIAL date! Now, hopefully, there are no serious comments from the 9 different groups whom received a letter! May really isn't too far away, and now I can step away from this for the next few months with out worrying about it! I'll be checking back in in mid march to see how all is doing.
GLTA! It's going to be great to see what has happened come march!
GO CGFIA!
Does the 10 days of notice start on the 23rd or with the 24th. (counting the 23rd as 1 or the 24th as 1) Just curious...
From the text in Guyer's request, it really doesn't seem like a long term test, such as a perc test, would be what they are doing. There are plenty of Geo-technical Engineering tests that can be done below frost line and on site (even some tests for which they could take samples to a lab). Seeing as these new mill related buildings will probably be quite heavy, and the subsurface is colluviam (a loose deposit of rock debris): I'm betting the foundations for any new, large structures are going to need to have pile-driven pylons beneath.
"The test pits will be re-filled with the excavated material immediately after they have been inspected and logged."
I'm betting it's for the drying/storage facility needed. One of the advantages of dry stack method, is the tailings can be easily and temporarily stored in a protected facility (like a warehouse). I imagine the ground would need to be tested for the weight of the temporary tailing storage AND for the facility which does the actual drying. Seems pretty straight forward to understand the ground on which one is going to place a new foundation.
Here, here! I couldn't agree more, floathigher! I was merrily pointing out that there is no connection with time frame and PRs, but I see what you are pointing out and couldn't agree more with that too.
GLTY and go CGFIA
It didn't say there would be a PR released on the 15th...
There has always been a lag between the estimated date and the time we receive a PR. This lag has never been ultimately connected to the success or failure of the news. I can understand frustration, we all get frustrated, that's part of being human, but I can't understand statements made without information to back them up.
Just saying... Saying you wish to submit by Jan 15th, and saying you will release a PR on Jan 15th are two VERY different things.
GlTY and GO CGFIA!
That's a great point. eom
Jan 11th MLRB Meeting Agenda (Tentative):
they have been updating it semi regularly, but CGFIA is not on it, which is to be suspected as they have stated the application would be turned in by Jan 15th, so I'd wait till the Feb meeting before expecting to see anything.
http://mining.state.co.us/Agenda/jan12.htm