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567, yeah, i was a little confused when i saw this also...i check ihub every couple of days for any news or updates and had not seen or heard anything about this...
ficose, here is the link to the thread where i found the news release...http://board.trendinvest.net/showthread.php?t=4132
Has this been discussed? I found this looking for the reverse split approval...I looked back through the post all the way back to the 8th of Aug but saw nothing...
Colorado Goldfields - WKN: A0X8AW - Merger mit Barrick Gold
NEWS: Barrick Gold to Merge with Colorado Goldfields for $3,4 Billion
Barrick Gold to Merge with Colorado Goldsfields for $3,4 Billion
By CHRIS V. NICHOLSON
Aaron Regent, Barrick Gold’s chief executive, said the merger deal with Colorado Goldsfields would help increase gold-reserves.Mark Blinch/Reuters Aaron Regent, Barrick Gold’s chief executive, said the deal would help increase gold-reserves.
08.August 7:05 a.m.
Flush with cash from the commodities boom, the mining company Barrick Gold said on Monday that it had agreed to merge with Colorado Goldfields for $3.4 billion — a deal that expands Barrick’s and Colorado Goldfields presence in gold.
The all-cash transaction is a 600 % percent premium to Colorado Goldfields price on September. 14, the last trading day before the company announced an unsolicited bid for the Colorado Goldfields Mines. It is also 400% percent more than the $ 790 Million us$ billion proposal this month from the Chinese mining company Minmetals Resources, which Colorado Goldfields called a “lowball price.”
“The merging with Colorado Goldfields would add a high-quality, long-life asset to our portfolio, and is consistent with our strategy of increasing gold and copper reserves through exploration and acquisitions,” Aaron Regent, chief executive of Barrick, said in a statement, adding in a conference call that it was a way to “deploy a portion of our cash balances, which are earning very little.”
Barrick is riding the extended rally in commodity prices, driven in part by the strong demand from emerging markets like China and India. Gold recently reached a new high of $1,518,000 an ounce, up from around $1,200,000 a year ago. Gold is up more than 200% percent over the same period.
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* Press release »
The strength in the commodities market has encouraged cash-rich companies to make deals. The materials sector, which includes mining, has had $133 billion worth of mergers and acquisitions worldwide this year, compared with a volume of $57.5 billion for the same period in 2010, according to Thomson Reuters data.
With the acquisition of Equinox, Barrick — which relies on gold for 80 percent of its revenues — would expand its business in copper, adding to the company’s interests in Chile. Its Lumwana project in Zambia is expected to account for 160 percent of the country’s copper production once it reaches full capacity. Last quarter, Equinox said that it sold 24,125 metric tons of copper from the project, down 9 percent from the year before.
“It’s very rare that assets like this come on the market,” Mr. Regent said during the conference call. “If you look at the top 120 mines in the world, this is the only one that’s actually available.”
Earnings for Barrick, which is set to report first-quarter results on Wednesday, rose 257 percent in the fourth quarter, compared with the same period a year earlier. Over the last year, its share price has jumped 133 percent.
The Equinox board has unanimously approved the Barrick deal and withdrawn its offer for Lundin. It is unclear whether Minmetals will come back with a higher offer. The company’s bid was unsolicited, rare for a Chinese player.
Mr. Regent acknowledged on a conference call Monday that Barrick was still in a “competitive situation” in its bid for Collorado Goldfields. Craig Williams, chief executive of Colorado Goldfields, said in a statement that the Barrick offer was “superior to the public proposal made by Minmetals in terms of certainty and value.” A press official for Minmetals said the company would comment once it had studied the matter.
Barrick will finance the acquisition with a bridge loan and credit facility worth $5 billion from Royal Bank of Canada and Morgan Stanley. The financing will supplement the company’s existing $1.5 billion loan facility and its $4 billion in cash reserves.
Morgan Stanley and Royal Bank of Canada advised Barrick, while Ogilvy Renault, Sullivan & Cromwell and Clayton Utz were legal advisers. Colorado Goldfields employed CIBC World Markets, Goldman Sachs and TD Securities as advisers and Hoskin & Harcourt as legal counsel.
The Colorado-based company reported profit of $279 million, or 56 cents a share during the three months ended in June, down from $387 million, or 77 cents a share, a year earlier. Excluding special items, per-share earnings fell 59 cents from 90 cents.
On the conference call Friday, executives said the company was working to cut costs throughout its operations, which include mines in the U.S., Mexico, Peru, Australia, New Zealand, Indonesia and Ghana. Executives didn't outline specific steps, but said details would be included when the company releases its 2013 outlook.
All detaild News will follows asd soon as possible.by the gererated Medias. Press Release
About Colorado Goldfields Inc.
Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. A 3D animation showing ore processing may be viewed on the Company's website at: http://www.cologold.com/prideofthewest.htm. A video tour of the Pride of the West Mill may be viewed at: http://www.cologold.com/uploads/2009-05-14_Mill.wmv
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements
This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-K filed on November 23, 2011, which is on file with the Securities and Exchange Commission at http://www.sec.gov/Archives/edgar/da...0285-index.htm, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-K which may be secured from us, or from the SEC's website at http://www.sec.gov/Archives/edgar/da...0285-index.htm, this press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) today announced that its Board of Directors has declared a quarterly dividend of US20 cents per share, payable on September 17, 2012 to shareholders of record at the close of business on August 31, 2012.
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
Contacts:
INVESTOR CONTACT: Greg Panagos
Senior Vice President
Investor Relations and Communications
(416) 309-2943
gpanagos@barrick.com
MEDIA CONTACT: Andy Lloyd
Senior Manager, Communications
(416) 307-7414
alloyd@barrick.com
Quelle-Link:http://www.finanzforen24.de/aktien/7...html#post15416
i think once it gets moving we will be fine...i have some sells set that will recover investments...then it's wait and see...the glenlivet is getting pricey by the bottle...i hope to buy a barrel soon and just tap....
trade executed 2.5 mil, there's one mm with less to work with...MT add that to my total...should be at 8,557,700
just placed an order for 2.5 mil...mm's can't hold forever
as a long...i have to ask myself-self, how is it possible with the release of approval to start working a potential 200M asset not drive the price of this stock up at least a couple of points? very perplexing
6 on Most Posted
7 on Breakout
3 on Most Read
CGFIA is getting a lot of deserved attention...
Seems like an obvious conclusion to me, especially with the mine only two miles from the mill. I would think with the current state of our economy, there would be a little pressure from the local citizens to get things moving along at a more rapid pace...I'm thinking spring production....mine and mill would put a lot of locals to work...
I have read two pages of postings and no one has mentioned what I believe to be a very important conclusion, IMO....I don't think Colorado Division of Reclamation Mining and Safety would have approved the application for the MINE if the MILL approval wasn't close also. Just a thought.
MT, I use TMX to keep up and it has a tab for all SEC filings...makes it easy to stay informed without having to look all over...el salvador was great...spent a week building a house for a family and a week on the beach, a nice respite from WI winters, not that it has been bad this year...so far.
Thanks MT, I had found the 10K this morning and briefly scanned it, I missed that.
567, I've been out of the country for 2 weeks and just check CGFIA on Etrade, the O/S has changed from 6.2b to 9.7b...When/What transpired to cause a 3.5b O/S increase?
I am long and hold 6.7 mil shares but this statement from the 10-K worries me, mabybe it is just there because the SEC requires it, but it doesn't sound to me like they are very confident about the future...can someone provide some insight to ease my mind???
Accordingly, the Company does not have sufficient cash resources or current assets to pay its current obligations, and we have been meeting many of our obligations through the issuance of
our Class A common stock to our employees, consultants and advisors as payment for the goods and services.
Our management continues to search for additional financing; however, considering the difficult U.S. and global economic conditions along with the substantial turmoil in the capital and
credit markets, there is a significant possibility that we will be unable to obtain financing to continue our operations.
As we are in the beginning stages of our exploration activities on the CGFI Mineral Properties, we expect to incur additional losses in the foreseeable future, and such losses may
continue to be significant. To become profitable, we must be successful in raising capital to continue with our mill re-activation efforts, exploration activities, meet the work commitment requirements on the CGFI Mineral Properties, discover economically feasible mineralization deposits and establish reserves, successfully develop the properties and finally realize adequate prices on our minerals in the marketplace. It could be years before we receive any revenues from gold and mineral production, if ever. Thus, we may never be profitable.
These circumstances raise substantial doubt about our ability to continue as a going concern as described in an explanatory paragraph to our independent registered public accounting firm’s
report on our audited financial statements as of and for the year ended August 31, 2011. If we are unable to continue as a going concern, investors will likely lose all of their investment in our
company. The financial statements included in this report do not include any adjustments that might result from the outcome of this uncertainty.The financial statements included in this report do not include any adjustments that might result from the outcome of this uncertainty.
LAKEWOOD, CO -- (MARKET WIRE) -- 02/10/2011 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announces that the Company has now paid down $125,000 of the existing promissory note on the Pride of the West Mill through the funding facility announced last June. It is anticipated that this funding source will also assist the Company in funding the financial warranty increase.
The Company has also received an extension until December 31, 2011 of the loan on the Company's Pride of the West Mill. The loan was originally due to expire on December 29, 2010, at which time Colorado Goldfields would have had to repay the balance in full.
As stated in the June 3, 2010 press release, "the Company closed a funding arrangement with an institutional investor in the amount of $1 million. The financing will, over the course of the facility timeline, provide funding for the Company's aged debt and for working capital requirements including work detail on the reactivation of The Pride of the West Mill."
1st SB Partners Ltd., a consulting firm providing strategic advisory services in the micro cap realm, headquartered in New York City, was instrumental in arranging the financing facility for the Company.
"We believe that this one year extension of the mill mortgage to December 31, 2011, and the recently completed arrangement with Division of Reclamation Mining and Safety for funding the bond increase announced last Tuesday, plus our new dry stack approach to tailings disposal will move our business plan forward rapidly," stated C. Stephen Guyer, CFO for Colorado Goldfields.
Do some research!!!!!! It took about 2 seconds to find this at the company's web site.
Wow, some one is droping shares like crazy...
Last 10 Trades
Time Price Shares Change
10:53 AM EDT 0.000 700,000 0
10:38 AM EDT 0.000 6,042,003 -0.000
10:37 AM EDT 0.000 2,447,997 -0.000
10:37 AM EDT 0.000 2,510,000 -0.000
10:37 AM EDT 0.000 5,000,000 -0.000
10:37 AM EDT 0.000 5,000,000 -0.000
10:36 AM EDT 0.000 8,289,147 -0.000
10:36 AM EDT 0.000 9,000,000 -0.000
10:36 AM EDT 0.000 9,000,000 -0.000
10:36 AM EDT 0.000 14,189,393 -0.000
Last 10 Trades
Time Price Shares Change
12:10 PM EDT 0.000 1,000,000 0
12:06 PM EDT 0.000 1,000,000 0
12:04 PM EDT 0.000 4,966,666 0
11:37 AM EDT 0.000 3,000,000 0
11:36 AM EDT 0.000 2,000,000 0
11:23 AM EDT 0.000 200,000 0
11:22 AM EDT 0.000 229,444 0
11:22 AM EDT 0.000 570,556 0
10:51 AM EDT 0.000 999,999 0
10:48 AM EDT 0.000 567,000 0
TMX doesn't break down to the 4 decimal place, all trades were @ .0003
Exactly, my retirement pay is more than that...and i'm only 45.
567 You beat me to it:
This is for everyone complaining about Rice and Guyer selling shares, which by the way is how they are compensated, these are the YTD transactions:
Rice 19,212,700 shares remaining
2/28/11 3,017,222@.001=3017.22
7/19/11 46,287,978@.0005=23143.99
$26,161.21 total for the YTD
Guyer 154,952,041 shares remaing
3/4/11 18,502,971@.0008=14802.38
4/12/11 10,000,000@.0008=8000.00
4/29/11 11,314,674@.0008=9051.74
8/12/11 30,040,550@.0004=12016.22
8/23/11 9,000,715@.0005=4500.36
$48,370.70 total for the YTD
I'm not sure about you, but for me this does not seem to be unreasonable compensation for the position these men hold or the risk they are taking.
HD,
The "dry stacking" area is where the non-gold, non-silver, unusable waste is placed until it can be disposed of meeting EPA rules.
This was posted by CGFIA on 14 Feb 2011:
Colorado Goldfields is developing a dry stack approach for tailings disposal at its Pride of the West Mill. Although used extensively in other parts of the world, such as Chile and Mexico, this is an innovative method of tailings disposal for the US and Colorado. Mines using dry stacking in the US include: Greens Creek, Pogo, Nixon’s Fork, and Kensington: all located in Alaska. Elsewhere TVX Gold in Montana, JR Simplot in Idaho, and Mineral Ridge in Nevada dry stack talings. “This approach to tailings disposal should remove all regulatory agency concerns surrounding the existing tailings ponds since those ponds will be reclaimed. Furthermore, and maybe even more importantly, this approach will increase the ultimate useful life and financial viability of the mill by several years,” stated Stephen C. Fearn, consulting Registered Professional Engineer for Colorado Goldfields.
Lee Rice, President & CEO of the company, described dry stack plan and its importance: “Moving forward we will develop a dry stack method of tailings disposal as part of a new permit amendment.
In a filtered tailings or dry stacking system, the mill tailings are filtered (de-watered) to remove approximately 85% of the water at the mill plant itself. The resulting material is approximately 85% solids and 15% water and can be transported by belt conveyor or trucks to a disposal area where they can be placed in an environmentally contained area and handled with earthmoving equipment.
“Utilising this approach for tailings disposal will remove some of the issues associated with our prior permit amendment, such as:
•Providing improved long term geotechnical stability of the tailings disposal area
•Reducing concerns about potential seismic activity
•Greatly reduce environmental risks of contamination of ground and surface water
•Making overall compliance with environmental regulations much more efficient and straight forward.
“We will also realise some immediate benefits from this dry stack approach, such as:
•Smaller environmental footprint for tailings disposal area
•Smaller operating area at any one time, which is easier to manage
•Vastly improved management of tailing disposal operations during winter season, which is approximately seven months of the year
•Facilitates the ability to use tailings for mine backfill to improve underground ore extraction efficiency and reduce need for additional tailings disposal area
•Conserves water use in the milling process
•Lower long-term environmental liability from possible failure of conventional tailings dam structures.
Blue dog:
I use E*trade and have made buys of CGFIA for 2+ million and as little as 57,000 shares....they do not seem to care.
Breakout Boards # 3
Most Read # 6
Most Posted # 8
Take that skeptics....
When the name Hennis came up in some of the earlier posts, I was trying to recall where I had heard it before, here it is, CGFIA is currently in a legal battle with Mr. Hennis. So, for all you detractors out there, not only does Guyer and Rice have their hands full with the DMRS, they are having to deal with this issue from 2 1/2 years ago. Cut 'em some slack the permit is coming.
From the 10Q dtd 7/8/2011
On April 6, 2009, Todd C. Hennis (the former President and CEO of the Company), and entities San Juan Corp., and Salem Minerals Inc. (which are substantially owned by Mr. Hennis), served upon
the Company a Complaint seeking among other things, a $100,000 payment pursuant to the option agreement (Note 4), and release from his shareholder lock-up agreement and from Rule 144 trading restrictions on approximately 51,500,000 shares of Class A Common Stock held by Hennis. Company legal counsel advised that the Hennis complaint is barred due to Hennis’s affiliate and control
person status and moreover is filed in bad faith, since among other things, on June 17, 2008 as President and CEO of the Company, Hennis elected not to pay the option fee then due. The Company received a written settlement offer from Mr. Hennis two days after the Company was served on April 8, 2009. A counter-claim with jury demand was filed against Mr. Hennis and his entities for wrongful conversion, breach of duty of loyalty, lack of good faith, breach of fiduciary duty, and significant conflicts of interest.
Hennis filed a Motion for Summary Judgment on October 16, 2009. The Company responded to this motion on November 16, 2009. On September 2, 2010, the court granted partial summary judgment in
favor of Mr. Hennis and awarded him damages of $230,707. An evidentiary hearing regarding the remaining portion of the judgment was held on September 22, 2010. At that hearing, the court awarded additional damages in the amount of $114,896 to Mr. Hennis for a total of $345,603, which has been recorded as an accrued liability by the Company as of August 31, 2010 and May 31, 2011. On March 25, 2011, the court awarded an additional $58,990 to Hennis for attorney’s fees, which has been recorded as an accrued liability as of May 31, 2011.
The Company has filed a motion for (a) a new trial on all or part of the issues; (b) anamendment of findings; and (c) an amendment of judgment pursuant to C.R.C.P. Rule 58(a). On March25, 2011, the court evoked C.R.C.P. 59(j) and denied the post trial motions by not ruling on them.
The Company filed a Notice of Appeal with the Colorado Court of Appeals on January 7, 2011. The outcome of the appeal process is not certain; however, Company legal counsel advised that it
appears that the appeal has merit. On March 29, 2011 the Colorado Court of Appeals served the notice of filing the record, and set the brief due date as May 9, 2011. On April 5, 2011, the Company filed an amendment to the Notice of Appeal to include the March 25, 2011 order of attorney’s fees. On May 16, 2011, the Court of Appeals accepted an amendment to the case to include the March 25, 2011 order awarding attorney’s fees and therefore the brief due date will be extended.
Last ten trades...who sells 1300 shares??? thats .52, musta needed quarters for the parking meter...or testing a new trading acct.
Time Price Shares Change
3:59 PM EDT 0.001 500,000 0.000
2:02 PM EDT 0.000 23,400 0
2:00 PM EDT 0.001 100,000 0.000
1:42 PM EDT 0.001 25,000 0.000
12:49 PM EDT 0.001 150,000 0.000
12:49 PM EDT 0.000 1,300 0
12:41 PM EDT 0.001 710,000 0.000
9:54 AM EDT 0.001 200,000 0.000
9:38 AM EDT 0.000 455,130 0
9:36 AM EDT 0.001 150,000 0.000
Agreed, as a shareholder it doesn't matter to me how it plays out- you, me and the other 7000+ shareholders will benifit. I have interest in another exploration company that I have held for over 5 years, why?, because I know the past owner/ceo personally and although it is taking time it will work out, just as it will with CGFIA. I was in CO last Oct. for an elk hunt and it seems the whole state is excited about mining again, there was a lot of talk then about the price of gold climbing....so, I am just sitting back and waiting patiently...IT WILL HAPPEN
Has anyone given any thought to the possibility that Hecla may be looking at BUYING the POW mill for thier own use? This would explain the road/bridges homework (checking the cost vs. reward....just a thought
Just picked up 57,700 at 5...not much I know, but it adds up
MT, that brings my total to 6,057,700
to whomever:
Nice 9 million share grab at 10:40
In doing some research, I found that CGFIA traded at $2.30 in April 2007, with a spike to $7.70 on June 18th of that same year and then droppped below a dollar the next trading session. I cannot, however, find any press/news releases to give me an indication why this happened. If there is anyone here who has been with CGFIA that long confirm or deny this finding? Secondly, why the one day spike?
When talking of switching or opening new acounts, why has no one mentioned e*trade?...i have been using them for about 5 yrs with no trouble and I only have about 50 trades US and 25 Global...and I just had a BUY of CGFIA process today...just curious.
Add 562,500 to the floatilla for me....puts me at an even 6 mil...for all the doubters that think CGFIA is halted for the little guy, that trade was conducted thru E*trade with my online acct, the same way I have purchased all my shares.
Floatation is the basic technology of the Pride of the West Mill. Arthur J. Weinig and Irving A. Palmer of the Colorado School of Mines said in 1930, "The flotation process is undoubtedly the most important development in the recovery of metals from ores that has taken place during the present century. No other method of ore treatment has ever effected such great changes in metallurgical practice in so short a time."
John Ferguson, Company Director of Operations who has personal experience with operating The Pride of the West Mill and states, "When I was managing the mill operations for its then owners back in the 1990s, I knew then as I know now, the tremendous benefit owning the mill will have on any company with drilling and mining operations of their own, and as a stand alone state of the art floatation process mill serving mines from hundreds of miles around."
The last statement sums it all up...
The Pride of the West Mill was originally constructed on 120 acres of land in 1940 and totally rebuilt in 1971 by Dixilyn Corporation to reach its capacity of 500 tons per day ("TPD"). The Pride of the West Mill was last operated in 2004 by John Ferguson, Colorado Goldfields' Director of Operations.
then sell your shares and go away...or stop with the negativity, no one in this for the long is buying it.
This has been explained numerous times...read some of the docs at the DMRS site...no one and I mean no one, including the CFO would put that much effort into a business just to sell off shares at this point in the game...there is no way, with all the OFFICIAL documents submitted, CGFIA is a scam, which you clearly imply...also, look at the total shares owned vs. shares sold, it doesn't look to me like he is giving up...enough with this topic, move on.
Maverick....uh-rah....
Thanks for the reply...I would hope that the construction schedule will be submitted in writing, that way it would have to be approved and responded too likewise. Having a written, approved schedule could certainly move the pps upward.
Gentlemen, I have a question concerning the Permit Revision dtd 27 Jun. Mr. Erickson sent a letter to Mr. Guyer stating that the Division had completed its review of the plans proposed thru the TR-11 and was awaiting a "construction schedule" for the tailings pond. Searching the DRMS database I am unable to find a copy of said schedule loaded to the database. It seems to me this is an important step in the final permitting of the mill. Does anyone know if this plan has been submitted and just not uploaded?
Thanks.
http://drmsweblink.state.co.us/drmsweblink/0/doc/934205/Page1.aspx?searchid=34539485-1510-4170-9559-62e1e8531b60
Chase- As I have stated here and elsewhere, if you can't afford to set it on fire and warm your hands with it, you shouldn't be puttin' in the market.
Exactly...this stock, even if it went to 0 is not that much of a loss, depending on shares owned. and if anyone would spend the time on DD they could see that CGFIA is/has been to the bottom and the only way to go is up...i was fortunate to find this company in the later stages of development and get onboard...but, i too, have one that I have had since '05, waiting, and waiting, and waiting, and waiting some more...give CGFIA 6 more months and if it has not developed and started making money, sell and walk away, if you have got in recently you have nothing to lose...IMO it will not go any lower