is...looking for nuts
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From another of your comments you probably dont know anyone who works for the government whose been furloghed or lost jobs from the budget bs. Its not in the headlines anymore but in case you forgot congress let sequestration and automatic cuts happen last March. It is still in effect!!!
http://en.wikipedia.org/wiki/Budget_sequestration_in_2013
Its not an excuse. Its a reality that millions of ordinary people are affected by. The latest govt shutdown is just more of the same thats been going on for the last 7 months.
Since I cant reply to you on the NBRI board Ill do it here to set you straight.
Their last pr said that they applied for the permits last July.
NBRI. When they talk about gravels its not like sand above ground that you can scoop up with a shovel. As I understand it the gravels they talk about are the river bed bottoms that were buried under lava millions of years ago when the mountains were formed and are now encased in rock hundreds of feet below the surface. They need to find the old river channels and then blast to loosen the rock and then mine out the gravels where the gold fell to the bottom of the rivers. Peeps seem to think this is simple. Its not. Its dangerous work and u better not make any mistakes because that is how people die in mines. One fatal accident and the Ruby will close for years with all the investigations and lawsuits. You want them to rush it or use picks and shovels like 100 years ago just to show you a few of ounces right away? Let em do it the right way not the fast way.
Leo says there are fixed monthly costs in having explosives on the property and they waited until they were certain theyd need them before increasing their burnrate. ATF has 90 days to approve or deny a permit.
http://www.atf.gov/content/explosives/explosives-industry/how-become-federal-explosives-licensee-FEL
Why would you expect any news about the Fraser in a pr about the Ruby? Any news on the Fraser will have its own pr. The last pr said the AOA was done and the wait now is for the archeologist to write the report and hand it in to the gubmit. NBRI doesnt write the report.
That was addressed in the pr.
For a one man show he sure gets a lot of work done. Who is doing all the work at the Ruby Mine? Who is doing all the work on all of the projects in Canada that are still in progress? The guy must never sleep and keeps a private jet on standby so he can commute from place to place. Or maybe he might be a good manager who knows how to hire good people to get things done. Ever think of that? Prolly not as that would be giving him too much credit. Not your style.
I see. So you know for certain that it was the CEO. It couldnt have been their lawyers or their accountants or their edgarizing agent or their news bureau that issued a press release within hours or the SEC staff itself or anyone else in the chain right? Your saying as a point of fact that it had to be the CEO and no one else. How do you come by your information? Did the CEO call you again?
Does the SEC makes people disgorge losses as well as gains cause if there was any hanky panky no one made any money from it. The stock went down! And since then it hasnt closed higher than where it was the day before on 9/10. Or are you saying insiders shorted the stock because they found out the day before that their S1 was approved? Makes a lot of sense. NOT.
Thats cause it was not sold. It was leased. Brush Creek never owned it.
NorCal and others have explained why you dont drill this type of mine. Its a river channel not a lode deposit. You bulk sample underground instead of drilling from the surface.
The entire market cap of PCFG is only $278K. Instead of doing an R/S they could have used some of that $350K to buy back shares to get the pps back to a reasonable price. Id like to know what they did with the money.
There have been no Form 4s filed in over 2 years. Are you accusing insiders of trading and not disclosing it?
A "full" 43-101 is a feasibility study where every item in the standard is filled out. A technical report is the first 15 sections of the 43-101 specification with the remaining 10 slots blank. What is needed to turn a technical report into a PEA are the metallurical studies, cost estimates, and 10 other sections that makes a techical report into a PEA and then after additional stuff is added to make a PEA into a Feasibility Study. Its all the same standard. Technical reports PEAs and Feasibility studies are all valid 43-101 reports. The difference is how many sections of the standard are included.
Page 2 says it all when the geologist states and certifies with his stamp that
I actually agree with that.
The discount is 10% not 80%. Stop posting misinformation.
Agreed!!
TY. I think Im getting rattled by all the nervous nellies who think a target date is a deadline and if its not met then NBRI goes to hell in a handbasket.
Well it sure looked like you bailed! Thanks for setting me straight.
I have no doubt about that. Which is why I asked!!!!
Say it ain't so!
Nah. I think the failure to fully disclose until Item 4 is the least of their problems. Lets see how they navigate their way through all the other crap theyve brought on themselves. The RS wont matter when this thing goes gray and stops trading altogether.
has trading been halted?? no trades since the open @ 9:30.
Those are the most serious types of violation and they show 7 of them on their 10K. The penalties are total for everything. Not earthshaking but just another example of their lack of transparency. They are supposed to disclose everything not just what they feel like disclosing.
A reporting requirement does not give the company discretion on whether to comply or not. If they fail to comply because they think the amount is not material its still a failure to disclose and a violation of the requirements.
The rule is at http://www.sec.gov/rules/final/2011/33-9286-secg.htm which among other things says
They already said they started mining. R u expecting 10,000 ounces the first week? Give it time. Peeps expecting some immediate production news are not being realistic.
Yes but they do not and have never disclosed any penalties that are proposed or paid. That is one of the reporting requirements. They swept it under the rug like everything else. Show me any report where Item 4 shows any penalties.
They are also required by the SEC to disclose penalties in their 10-K and 10-Q under Item 4 for Mine Safety Disclosures. They have never mentioned any fines ever. Another failure to disclose. Why am I not surprised?
My thoughts exactly. Some great news lately but the share price continues to go sideways in the same channel weve been in for months. No idea who keeps selling into the news but someone continues to bail out. Frost?
Leave a message saying ur a shareholder and theyll call you back. Or send email.
Great DD sarshee. This puts it all in a different light and explains the pr. A $1 million fine for accidently digging up some old bones is a damned good reason to agree to that survey even if they technically didnt have to. TY.
NEWS!
North Bay Resources Inc. (NBRI) Issues Fraser River JV Project Update
SKIPPACK, PA, Sep 19, 2013 (eTeligis.com via COMTEX) North Bay Resources Inc. (OTCQB: NBRI) ("North Bay" or the "Company") reports that an Archeological Overview Assessment ("AOA") at the Company's Fraser River Project near Lytton, BC has been completed, and the Company is now awaiting the results.
As previously explained in a Company press release dated August 8, 2013 when our mining permit was issued, the Archeology Branch of British Columba's Ministry of Forests, Lands and Natural Resource Operations ("FLNR") had raised some concerns about the potential for disturbance to certain areas of the property close to the Company's proposed work site that were theorized to have some possible but as yet unknown archeological significance. While the issuance of our mining permit was not contingent on the Archeology Branch's consent, the Company agreed to satisfy the Branch that no disturbance to any suspected archeological site will occur during the course of our mining operations at the Fraser River Project. Accordingly, the Company engaged a professional archeologist to visit the site to conduct an AOA survey for the Branch. This work has now been completed.
Initial results from the field indicate that the archeological site the Branch was concerned about is not within the Company's work area. However, some small artifacts found on the periphery of the work area might require the Company to temporarily alter the dimensions of the pit to create a buffer zone once mining operations begin so as to leave that particular area undisturbed until it can be investigated further to determine its significance, if any. The Company is now awaiting the completion of the formal report to the Branch, and we will make further announcements once the results of the report are known.
About The Fraser River Project
The Fraser River Project is located near the village of Lytton in south-central British Columbia, Canada, and covers approximately 4.5 kilometers of placer claims along the Fraser River. Recent assessments indicate assays up to 5.68 grams per tonne gold and 0.427 grams per tonne platinum. A mining permit has been issued, and mining operations are set to begin shortly.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with current operations in the US and Canada.
In the US, the Company's 100% owned and royalty-free Ruby Mine is a fully-permitted underground placer and lode mine located in the northern extension of the historic Mother Lode system in Sierra County, California. The Ruby is known to have produced over 350,000 ounces of gold since the 1850's, including some of the most spectacular gold nuggets on record. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The Company is presently completing the rehabilitation of the Ruby Tunnel and initiating test mining operations in the sections of the mine that are now accessible.
In British Columbia, the Company holds 100% ownership of a multitude of significant mining properties. These include two gold-platinum placers, the Fraser River Project and the Monte Cristo, and lode projects such as the advanced-stage Mount Washington Project on Vancouver Island, the Brett West/Bouleau Creek Gold project near Vernon BC, the Coronation Gold project in the historic Slocan Mining district, and the Tulameen Platinum Project near Princeton, BC. In addition to its many precious metal projects, the Company also owns additional prospective projects that host strategic mineral resources such as Vanadium, Crystalline Flake Graphite, Olivine, and Rare Earth Elements (REE).
The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
Additional information on the Company's many properties and ongoing projects is available at the Company website at http://www.northbayresources.com.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
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 our website (or press releases), 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 disclosure in our Form S-1 and Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml
CONTACT:
Perry Leopold, CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
SOURCE: North Bay Resources Inc.
Associated Documentation:http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=22880 - Link to submission on http://www.eteligis.com
Copyright eTeligis Inc. 2013. All rights reserved.
-0-
INDUSTRY KEYWORD: METALS
MINING
SUBJECT CODE: COA
http://www.otcmarkets.com/stock/NBRI/news
The crime occurs when ones personal interest runs counter to the public shareholder interest. They must be held to account for how their actions were or were not in the interest of the companys shareholders. The shareholders are the owners of the company. Not Landau/Geisler. They work for us. They would have been fired by the shareholder vote had they not used the preferred shares to stage a coup detat and stuff the ballot box. Its a travesty. And illegal IMO.
But those shares were issued AFTER the original record date of May 31. They should not be allowed to vote.
fox here is the reason it was illegal.
The original announcement of a shareholder meeting was made in a proxy filing on May 10 2013. It said that "The record date for the Annual Meeting is May 31, 2013. Only stockholders of record at the close of business on that date may vote at the meeting or any adjournment thereof."
http://ih.advfn.com/p.php?pid=nmona&article=57522154
THEN on June 10 they file an 8-K saying that they created a new class of preferred shares on June 7 and on June 10 Landau was issued 100% of the new class (300K shares) which gave him the right to vote the shares on an as-converted basis (3B votes).
http://ih.advfn.com/p.php?pid=nmona&article=57926219
This all happened AFTER May 31 which means those share could not be voted.
THEN they realized that they screwed up and changed the date of the meeting.
The only reason to change the meeting date and also change the shareholder record date was to the sole benefit of Landau personally so that he was able to gain control of the company. Prior to that he was a minority shareholder after all the dilution that took place after the last RS. This is illegal. Its a fraud perpetrated on shareholders. If the shareholders wanted him to have control then that should have been subject to a vote too. You cant just give yourself control of a public company with the stroke of a pen. There are also rules about related party transactions that I think this runs afoul of.
run = run away
Please. People have been complaining for months that no one except MM's could buy at .00001. As of today its an all you can eat buffet. You want em? They are there for the taking at the open. Smoke em if you got em cause they are soon going up in smoke. Unfreakinreal. Like they say be careful what you wish for cause you might just get it.
What are you talking about protected money? The 0001's are now the offer not the bid. We have reached absolute bottom.
Might be wrong but I think those 0.0001's are soon to be 0.0000000001's split-adjusted. There is a reason why they changed the par value to 0.0000000001. I think we are about to find out. fwiw I have never seen a stock's par value with so many zeros. Have you?
True. Except that federal law trumps everything. What goes on in Vegas might still wind up in DC or NY or whatever venue the SEC chooses.
I refuse to believe these 2 bozos can get away with this BS for much longer.
Wow! Sounds like you did not get the memo. Sorry.
Take a look at what the par value of these shares are now and you will get an insight of where this is headed post-split. I think it will make the all-time high on the stock around $800,000 per share. Wonder if whoever bought those is still holding. LOL!
Yes if the "vote" is allowed to stand the new AS will be 10B. But prior to and until the "vote" it was 3B. This is why the vote is illegal as Landau was allow to vote new shares in excess of the legal authorized number.
I think this is something the Nevada Sec'y of State needs to rule on as it pertains to state law as much as federal law.