is...looking for nuts
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Can you show us what a Series 7 Form looks like? Ive never seen one. TIA.
oh geez here we go again. thanks for your valuable insight.
Let the world be on notice that no one outside of the US can legally drink or distill Kentucky bourbon. fwiw NBRI is registered in Canada else it could not legally own mining claims in BC. You guys are too much.
They have not said anything that was not reviewed and approved by the geo.
You must be kidding. Let them know who your attorney is. SEC attorneys dont do anything without a $5K or $10K retainer. The cost of mailing to shareholders is prolly about the same. Do that 4 or 5 times and its a lot of shareholder money wasted for nothing but filing fees.
This post is wrong.
The GEOLOGIST called it a NI 43-101 report. NBRI calls it what it is.
On page 3, 4 and 5 it says "Ruby Mine NI-43-101 Report".
On page 2 it also says it.
Page 2 tells you all u need to know about its legitimacy.
Is this the new NBRI board now? lol.
Maybe they should move to the TSX where companies are not burdened with authorized share limitations like they are in the US.
Strong words. Wheres your proof?
NBRI. What part of "very rare" dont u understand? Peeps here are myopic to not see what is happening. This is not ordinary gold. This is special. You are watching a golden flower unfold and dont even see what is right before your eyes. Im very proud to be a shareholder in NBRI/RGI.
Tough crowd. What do you call fluff? Fluff: a derogatory reference to something exaggerated and implausible. This pr was nothing but facts. NBRI should add some fluff to dress it up and make it more exciting. lol.
The pr gives the reason why they keep mining in the white channel. The gold is getting bigger. They may be on to something there that no one is expecting.
What proof do you have thats what theyve done or are doing? Or is that just your hyperbolic pragmatic opinion?
That is not an opinion. It is negative hyperbole and no different from the flip side of saying the pps is going to $2.50 next week.
That leaves $430K from the $600K they got from Blackfire unaccounted for.
Hyperbole works both way. Negative misrepresentation is also hyperbole and rationalizing it as pragamtism makes it even more extreme.
hyperbole
noun
the representation (or misrepresentation) of something in terms that go beyond the facts <“enough food to feed a whole army” is a common example of hyperbole>
Synonyms: caricature, coloring, elaboration, embellishment, embroidering, embroidery, hyperbole, magnification, overstatement, padding, stretching
Related Words: amplification, enhancement; fabrication, misrepresentation; fudging, hedging; hype, puffery; superlative
Near Antonyms: belittlement, disparagement, minimizing, poor-mouthing
Antonyms: meiosis, understatement
Where did the money go? They got $600K from Blackfire last quarter but ended the quarter with just $16,614 in cash. Their spending nada mining so where did the money go?
This post is wrong. Read the filings. Tangiers holds almost a mil in notes since 2011 and hasnt converted any of them. Their also accumulating shares not selling them.
http://ih.advfn.com/p.php?pid=nmona&article=62980927
Read the S-1. Tangiers is NBRI's underwriter. They are allys not enemies.
Cmon its only been 2 weeks since they put out an amazingly positive pr and touched on every part of the operation but now peeps say theyve gone silent? Maybe they should break up their prs into one paragraph at a time so they can put out a new pr everyday to satisfy those who want news everyday. lol!
Learn how to read filings. Its all in Note 18. All of the recent shares came in the past few days so no 8K is needed. For an expert you sure have a lot to learn son.
Things change as more information becomes available but you take every negative as set in stone forever.
In June they said
Feasible gold is an oxymoron like jumbo shrimp. If you can see it and hold it in your hand it is of course feasible by definition.
Post of the day Phatlander. The whole is greater than the sum of its parts. All assets being managed!
Only problem with that is there is no gold at Black Rock Canyon. Weve been had. Where is that 43-101 report they said they would publish? Ever see a pr with John Rae's name mentioned as the qualified person who has reviewed and approved the accuracy? Nope.
It currently takes 19.5 years to open a new mine. NBRI acquired the Ruby in July 2011. Exactly 3 years ago. They have indeed come a long way in a short period of time.
Dude of course it is a bottom. It cant go any lower than .00001!!
Cant dump at .00001 no more cause theres no bid. Again. Must be time for another R/S. Rinse and repeat. Disgusting. But if they round up fractional shares on the next R/S I might gain a share in the deal. lol.
This is typical of how facts are misrepresented and distorted to serve a nefarious purpose.
The pr said
OIC. So it is better to dilute shareholders by selling your future revenue stream for pennies on a dollar instead?
Do you have any idea how many mines Waterton and their ilk now own from defaults on gold loans where the mine itself was used as collateral?
At least the type of convertible debt NBRI has issued is unsecured. When conversion occurs shareholders are diluted but NBRI keeps its assets. The conventional debt you speak of is secured and the entire company is at risk if they dont hit their milestones.
Heres one of many examples: http://ih.advfn.com/p.php?pid=nmona&article=62824665
Shelf offerings are also very toxic. ABX recently did a shelf offering for over $3B at a steep discount to the market price. How is this not toxic debt? Massive dilution and the institutional investors get a sweetheart deal while the retail investor gets the shaft. So this is better? LOL!
http://www.bloomberg.com/news/2013-11-01/barrick-gold-sells-shares-to-fix-balance-sheet-corporate-canada.html?cmpid=yhoo
Most option deals with work commitments are for a lot less cash. NBRI is getting $200K on the downstroke and if Ximen defaults next year they get the property back.
Heres another option deal announced today by Frontline. The seller gets no cash at all and a measly $4000 in an illiquid stock. Sure they get a 2% NSR but whats that worth until Frontline opens a mine in our lifetime. Theres no work commitment here either.
Ximen Mining to acquire Bouleau from NBRI
http://www.newsfilecorp.com/release/10804
Ximen Doubles Land Position by Acquiring All Contiguous Land Claims Surrounding Brett Gold Property, Vernon, BC
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2014) - Ximen Mining Corp. (TSXV: XIM) (OTCQX: XXMMF) (the "Company" or "Ximen") is pleased to announce that it has signed an option agreement with North Bay Resources Inc. (OTCQB: NBRI) to acquire the Bouleau property which is adjacent to the Company's Brett property located near Vernon, BC. The option allows the Company to acquire a 100% interest in 2,045 contiguous hectares with no NSR or work commitments. The majority of the claims are in good standing until 2018.
The property covers highly prospective ground indicated by RGS geochemical results and heavy mineral sampling results from various operators working in the area in the late 1980's and early 1990's. The property includes a variety of precious metals mineral occurrences including the Boul (MinFile 082L-SW069), Siwash (MinFile 082L-SW046) and Wedge (MinFile 082L-SW073) instrusive-hosted low sulphidization epithermal Au-Ag quartz carbonate vein prospects occurrences. Assay values up to 27 grams per tonne gold and 180 grams per tonne silver are reported. The Siwash showing hosts a large alteration zone with silica flooding, chalcedonic quartz stockworks and hematitic and goethite staining which is 3,000 by 750 by 150 meters in area.
North Bay Resources announced last year a completely new and previously undiscovered gold zone on the western claims. A successful Pilot HMC (Heavy Metal Concentrates) geochemical program on the property was conducted. Among the very positive results, one spectacular sample in particular ("NB-60") generated a great deal of interest, not just due to its high assay value of 95.6 grams (3.07 ounces) per tonne gold, but because the sample came from a highly altered area in the Western Zone that has geological similarities to the Brett occurrence. In addition to the high grade and strategic location, the gold particles in this sample were pristine, angular in shape, and with sharp edges that suggest they are "low transport gold" and have not traveled very far. This further suggests potential for a blind lode gold deposit close by, similar to, or possibly an extension of, the nearby Brett deposit.
During the 2013 field season, a second HMC program was commenced to follow up on the previous findings along trend, and to further evaluate the alteration zone and the area where sample NB-60 was found during the 2011 sampling program. This program was concluded in July 2013 with 46 samples collected and located an as yet undiscovered alteration zone up slope and up ice from these recent high gold values. Further work will be required to determine if this newly discovered alteration zone is the cause of the highly anomalous gold assays.
The 2013 HMC program has resulted in an expansion and further delineation of the alteration zone found in 2011, and the discovery of a completely new and previously undiscovered target area about 400 metres west of where sample NB-60 was taken. The results of this HMC program are extremely positive and encouraging. At least 5 samples (NB-106, NB-107, NB-126, NB-137, and NB-138) confirmed and further delineated the presence of highly anomalous gold particles in the soil upslope from both NB-60 and the large alteration zone discovered during the initial HMC program in 2011. The recently concluded 2013 HMC project produced assays as high as 9.75 g/t (sample NB-137) from the original target area. New and very positive results downslope from the newly discovered alteration zone, about 400m west and upslope from NB-60, produced high gold values from three samples; NB-126 (8.0 g/t), NB-163 (2.29 g/t), and NB-164 (2.53 g/t). These samples were all taken very close together and point to this new target area upslope.
The Company believes that given the exploration results to date, this acquisition is geologically compatible to the exploration results received to date on the surrounding Brett property.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
Deal Terms
Under the terms of the option agreement, Ximen, as operator, can acquire a 100% undivided interest by making cash option payments of $300,000 over two years and issue $300,000 in Ximen shares over two years. The option agreement is subject to TSX approval.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.
For further information, please contact Ward Kondas 604-488-3900 or by email at ward@ximenminingcorp.com.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Looks like he just earned his paycheck again too.
This post is wrong. When you examine the filings Tangiers has been a long term investor since 2009. That was before NBRI became a fully reporting company and uplisted to the OTCBB. It was also before anyone ever heard of the Ruby. They are not in this for short term trading profits but long term capital gains. That is pragmatic. It is clear that they believe in NBRI management. There is no other reason for them to be increasing their holdings over the long term. Do you think for a minute they have not done their due diligence and know exactly what they own while increasing their ownership? Say what you want but the positive vote of professional investors says a lot.
That is a total cop out of an answer and avoids the question:
Every single major gold deposit on earth began with an astute (pragmatic) investor staking a claim for pennies that turned out to be worth millions/billions. You criticize them for being early and paying the minimum. You should be heaping praise on their acumen. That will not be obvious until the train has left the station and the doubters are left behind with their woulda-coulda stories.
This is NOT good news. RMB selling their stake at an 80% discount? OMG!
At .00001 its impossible to go any lower. That is until they do another R/S and we lose another 99.9% on top of the multiple 99.9% losses weve already endured. What is the breakeven at this point for the peeps that bought at .08 several years ago? It must be in the thousands. Oh the horror.
Am I seeing it right that only one share traded today? One share? Who would sell one share and who would buy just one share? Were not in Kansas anymore Toto. lol.
Peeps are forgetting the Ruby is inside the motherlode. We dont need to find it. Its all around us.
Insider buying is a huge buy signal. Why would the CEO spend his own money buying shares? When is the last time you saw that in a pinkie? Either dilution is over or he knows something. Prolly both imo.