is...looking for nuts
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The JV agreement says "The rights and obligations of a Member are unique to the Joint Venture and may not be assigned without the expressed written consent of all remaining Members."
If someone buys RGI they buy the agreement and NBRI still has 50% imo.
But no one can buy RGI and be able to do anything with it without buying out NBRI's 60% equity ownership I dont think. NBRI will still control it.
Prolly cuz no one used 21st century geophysics there before.
What?? There was no 8-K yesterday. Ur dreaming. Since when can a company rescind a filing from Edgar once its public? It was a PRE 14C that looks like it was filed at 5pm. Nothing changed cept the way some peeps interpret it.
Read the filings. Its in the S-1.
If as stated "NBRI SEC filings say all properties have unproven and probable reserves" then why does the FINRA warning have anything to do with NBRI? NBRI is doing the right thing and is the exact opposite of what FINRA is warning about. If the beef is about this message board then the FINRA warning should be posted about IHUB not NBRI. How can the FINRA warning apply to a company thats totally transparent and compliant with SEC filings?
Maybe they should have said they got nothing and then said they actually got 3 grams or an increase of infinity + 1. Woowoo! What would peeps be saying then? Lets parse every single word to finally get the meaning of what "is" is.
Im told that its almost impossible for MSHA to visit a mine and leave without writing some tickets for the smallest infraction. Thats how they get paid for the visit. This video is not an exaggeration from what Im told.
If someone owes you money and instead of paying you cash they give you some stock to reduce what they owe you then you bought it. It would be different if the debt wasnt reduced but it was. It paid for with debt owed.
Dont bring a knife to a gunfight. Leopold brought in some big guns and aint foolin round. Golder prolly aint cheap. http://www.golder.ca/
Malc, they stake their own claims. Cept for Monte Cristo in 2006 everything they own they acquired by DD and direct staking and only had to pay registration fees.
NBRI. Theres another mine near the Ruby called the Lincoln. They spent around $6M last year and several times that over the past 10 years and the mine still hasnt opened. They just shut down cause they ran out of money. http://ih.advfn.com/p.php?pid=nmona&article=61319092
Can someone splain to me why SGM is being valued at almost 6x NBRI?
SGM: Acquired the mine in 1994 and its still not open after 20 years
NBRI: Acquired the mine in 2011 and reopened it in 2013.
SGM: Has spent almost $65M and has almost $50M in debt
NBRI: Has spent around $2M and has around $4M in debt ($2M is the Ruby mortgage)
SGM: Still not open, mill not operational
NBRI: The Ruby is open, the mill is operational
SGM: market cap is $17M
NBRI: market cap is $3M
Whats wrong with this picture?
Disclaimer: I own both.
NBRI. For the millionth time the change in the mining plan was explained in a pr last year. Please stop ignoring the facts.
http://www.marketwired.com/press-release/north-bay-resources-inc-nbri-issues-fraser-river-project-update-otcqb-nbri-1774065.htm
I agree. If someone marries a stock and then beats it up everyday they should be arrested for spousal abuse. lol! The future beyond the next day or week should be clear and if its not then its time to move on. IMO the future really is golden here but Im farsighted not nearsighted. lol!
We dont know what pps RGI will trade at but whatever it is your getting something for free that will have value to offset any loss on paper your holding now. If that doesnt make peeps happy they should sell before the record date so theres not another stock to complain about. lol.
Peeps are missing the real news here. Theres a new man in charge and hes taking control n making changes. This is good news imo.
More like go into the medical marijuana biz like all the other defunct shells.
a 2 yr chart tells a different story
Something is wrong with this picture.
The pr says
This is an X-File. And in the Nevada desert no less. lol
Find this guy and you can find that report if it really exists.
http://www.pacificgoldcorp.com/news040329.html
Please read the filings. Its in the 10K and on the website.
This whole thing about radon looks to be all about paperwork and nothing more.
The citation links to the regulation at http://www.msha.gov/30CFR/57.5040.htm
All it says is that they have to regularly test for it and keep records. Its just more paperwork imo.
Maybe PMET will go into the Bitcoin space. Or medical marijuana. The pump du jours. LOL!
Got that right! Waiting for the next R/S. Its become an annual event.
Doubt it. Their prolly actively marketing it as a shell to get another ORGG payday. I think they sold that shell for $250K after that spinoff. Rinse and repeat.
NBRI. Too much micromanagement here imo.
mi·cro·man·age
verb \?mi-kro-'ma-nij\
: to try to control or manage all the small parts of (something, such as an activity) in a way that is usually not wanted or that causes problems
They started mining the Fraser in 2012 and then stopped a month later. It was all explained in the pr that came after that. Things change and they adjust. Thats the pragmatic thing to do imo.
Why all the hubbub here over something thats routine? Read the filings. They disclose this stuff every quarter.
imo theres prolly more to this
Inmine I sent your post to the CEO and he says you are right that it only takes a few hours to wash the stuff. He says the bulk sample processing was completed at the end of the shift on Thursday and the concentrate would not be cleaned until the start of the next shift on Monday. Instead of waiting until next week to complete the clean up and then make an announcement he wanted to get the news out as soon as possible because so many people were calling about it and waiting for it. As he put it damned it you do and damned if you dont. He also said that if you need work to submit a resume. LOL!
Cee-It you seem tuned into these things so heres a question. NBRI owns 300M shares of RGI right? If they give us 1 share of RGI for every share we own of NBRI then we get 150M shares of RGI and they keep 150M shares. Then just to throw a number out there when RGI starts trading lets say the pps will be 2 cents. Thats a market cap of $6M which would make the NBRI stake in RGI worth $3M. Does that $3M show up as another asset on the NBRI balance sheet? Maybe this is what they mean by unlocking the value of the asset? TIA!
Good DD Beau.
Peeps should check out the Mt Washington report at http://www.northbayresources.com/mw43101.pdf for themselves.
On page 5 it talks about the environmental stuff and talks about how it relates to NBRI and any liability. This is at the top of the report and not buried where someone can miss it.
Houle has spent the better part of 10 years working at that property. You should read the entire report and not just cherry pick out of context.
I dont think peeps realize what is going on with this spinoff. I think this is prolly another case of the generative business thingie. They havent said yet but lets say they give 50% of RGI shares to NBRI shareholders. We get 50% and NBRI keeps 50%. Thats the equity part. But they also have a JV deal with RGI so they are guaranteed of getting 50% of the income from the Ruby Mine like forever and they also get paid back off the top with the $3M theyve invested in RGI. Thats all money that comes back to NBRI shareholders too. Just imagine if RGI makes enough dough to declare a cash dividend and both RGI shareholders and NBRI shareholders each get 50% of the dividend. Talk about the gift that keeps giving. And it is a gift folks. Free shares. I dont think any of this is priced into the market yet. If it is then were at 3 cents cause no one can believe their getting something for nothing. LOL!
What is this talk about shares about? They paid off the gold loan with $165K in cash and their 8K shows they got $160K in new financing that doesnt get converted for 6 months. Prolly like paying off one credit card with another. I can relate to that. LOL! No new shares were issued imo.
On Jan 22 they said
A 100 ton bulk sample is not something you just put in a bag and send to a lab.
No one addressed it because it doesnt exist. Do you have a link? They said peeps are getting free shares of RGI from the spinoff. Talk of an R/S is crazy imo.
Is there a PEA or feasibility study to support that? I havent seen one. Link?