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I personally prefer to
deal in facts. Simple truth is Management isnt working for nothing. But nothing is what's returned.
Cgfia began in 2004.
Do they have any permits?
Do they have any licenses?
Do they produce revenue?
Excluding rented/leased/mortgaged property, what do they Own?
From all outward appearances, when invester monies dry up, Cgfia is finished. Yet management continues to generously remunerate itself even with $.0001 pps.
To me it looks more like a Ponzi scheme, but investers see no return.
If my observations are wrong, please enlighten me.
At cgfia's current pps,
R/S would likely be 1000:1.
Maybe more.
Being a shareholder, let me ask you: has AMNP ever earned any income or had a profitable quarter? Also, what interested you in AMNP?
TIA
AMNP share price has increased
due to their Reverse Split. When CGFIA does its R/S, share price will increase accordingly.
It appears in the last
45 months he has taken in $1,582,632.00
Cgfia currently has a $2,100,000 M/C.
Im beginning to see why.
glta
Kuni, I have no argument with
you. I agree! My point only is that when you invest in a startup company, you are investing in the MANAGEMENT of that company!
The problem is that this Startup is 8 YEARS OLD and MANAGEMENT has produced Nothing except BILLIONS of WORTHLESS SHARES!
I'm sure you have heard the old cliche defining Insanity: Doing the same thing over and over, and expecting a different result.
CGFIA management appears to be INSANE!
Unfortunately, we're the ones paying for the medication!
Kabish?
I can see what youre
point is. My hesitation is in the 8 years of junior exploration. CGFIA has accomplished very little if anything. Yes, theres paperwork and communication, letters of intent(loi), memorandums of understanding(mou) and many billions of shares.
Since CGFIA's inception in 2004, its always been on the backs of investers. It has never stood on its own.
The DRMS/MLRB/EPA were not created yesterday. The laws/rules/regulations they uphold have existed for decades. In some cases over a century. And it's all available for public record.
It is managements responsibility to know the business theyre in, the requirements necessary to fulfill, and the path needed to follow. Otherwise they should not be in that business.
In 8 years, Time has exposed this to be CGFIA's root problem.
At Investers expense.
glta
All of this discussion is
a moot point if Piesold Engineering doesnt get an acceptable exloanation into the DRMS by July 9th.
I believe if that doesnt occur, it opens up another 45 day comment/discussion period. Which would be the third such happening.
As I stated before, this is all responsibility of Cgfia Management. No one else.
The POW Mill was aquired in
2008.
The roads are maintained and when last operated the Mill ran year round.
Gold prices could easily go over $1600 oz.
700 tons/day could be attainable, but most likely somewhere down the road and under different management. Guyer knows nothing about Mill operations. Neither does Rice, wherever he may be. Faern has Mill experience.He's also the person responsible for the reason there is a Cease and Desist order.
So, the future will be what it will be.
First, you need a Permit.
glta
I look at it this way,
guessing is as valuable as hoping. Wally Ericksen and bureaucracy have never been the issue. It's about following protocol and getting the job done. Thats how successful businesses begin. The responsibility fully rests with company management. No one else.
glta
For starters, O/S is closer to
30 BILLION. The upcoming 10q should validate that.
"Hope" plays no part in the world of successful investment.
$.01 pps is a monumental stretch from where this is currently buried. Baring a R/S, to project numbers above that is furthering fantasy.
glta
I hear that! eom
Just a friendly reminder that
$.18 would be a Market Cap of 5.4 billion dollars.
Have a feeling that's a ways off.
But dreaming can be fun.
Happy Holiday
glta
In the past I have noticed
that the CFO prefers to sell his personal shares either premarket or after market. Back in march he sold over 100 million. He has another 266 million slated for sale as of last week.
glta
I have been with CGFIA for
about a year now. There's never been a problem aquiring shares. I wouldnt worry if I were you.
glta
I absolutely believe the
pps will move positively if permits approved. As I said, pps range could increase to .001 to .003.
As far as appreciating on rumor, I think CGFIA has had too many stories and been around too long to hope for that.
We absolutely need the Permit.
glta
Retirement of shares would
definitely change the MC situation.
The problem for CGFIA is that share and Debt structure make the retirement scenario unlikely. If (hopefully when) the Mill receives approval, the shares that have been sold over the years to achieve that goal are of low priority. Any income produced would predominantly be needed to pay numerous outstanding debts accrued along the way. Not to mention debt to facilitate production.
Share retirement, aka buyback,at best would be considerably down the road.
If everything were to PROCEED POSITIVELY, I see a pps of .001 to .003 under the best of circumstances(excluding a dreaded R/S). To expect more is unrealistic.
And to those who allude to reserves in the ground, that value is elusive. Whats in the ground has attached costs. It does not add the value that some think.
Please dont misunderstand what Im saying. I would LOVE to see $.001 or better. The ONLY thing that can do that is a permit.
glta
First let me thank 567tbd and
Ficose for explaining what I was having trouble understanding.You guys are very helpful.
Let me also say the last time things got hot, pps didnt jump to .09,
It did jump to .0049 for a few seconds , then settled back down.
Also , lets not forget the O/S is currently in the 28 to 30 billion range. Some are hoping to see .10 and above upon Mill approvals. $.10 pps would equate to a 3 Billion dollar Market Capitalization. As much As we would all LOVE to see that, It seems unlikely. 3 Billion dollars is a lot of money.
glta
567, I understand what
your saying and I read it again.
If Erickesen wrote that list of deficiencies knowing the repairs cannot be addressed while under the Cease and Desist,he is making himself look unaware.
I find it hard to believe anyone would go through the time,effort and trouble to make themselves appear unknowledgeable of the very program they institute. He is obviously not a stupid person. I find it hard to accept he would go out of his way to look ignorant of the very stipulations and regulations the DRMS institutes. Vendetta aside, it makes no sense for anyone to do that.
Am I still missing something?
glta
Then how is it that
Ericksen is able to report, amongst other things, that 2 drainage pipes were not put in place at the Millsite? Why would he report that if the C/D doesnt allow the work to be done?
Does the C/D prevent this type of work, or is CGFIA stating they will not do the work until the ammendment is approved.
I sincerely hope you're right. But if its CGFIA saying they wont do the work until they have the ammendment approved,but the work has to be done in order to get the amendment approved,they will never get the amendment approved because the work has not been done.
NO?
glta
I understand they
instituted a 15:1 R/S. That may explain it.
My guess is we get
right back to .0001 at the open.
We need news.
Hope I'm wrong
and 567tbd, No PM and 1ppd
Glad to be wrong!!
There seems to be a
lot of talk about Imminent Permit approval and new highs and p/e ratios and the like. But its all talk.
Dont you think getting the DTC Chill removed might Trump all those other Hopes and Dreams?
and BTW, DTCC's dont go away easy.
Sometimes they Never go away.
Can we try to keep at least one foot grounded in reality.
I sure hope nobody
sends that story to Wallace Ericksen at the Colorado DRMS. Now that we are so close to Approval and Permits we dont need the past to be dredged up. This would not look good for the Pride of the West. Old scars heal slowly.
Has anyone heard from Mr Guyer lately? Who is doing the interviews for new hires at the Mill? Im trying to gather dry powder so I can pick up these 0001's before the pps Takes off to the stratosphere.We only have 26 Billion shares outstanding. Looking forward to the AMNP merger this summer.That will add great value to our share base. Hoping for pennies this summer. And New Highs before end of year. We will all be riding into Silverton on our Harleys very soon now.
Long and Strong Forever!
This is so Exciting!!
GL
GO CGFIA!!
Yes, a Reverse Stock Split would be
very bad.The only reason pps hasnt fallen in the last 3 months is it cant. $.0001 is an absolute bottom. But when the R/S comes,shareholders can only be buried deeper because then theres a new bottom.
Why doesnt somebody email Guyer. It takes about 90 days to get Sec's approval for a R/S. Of course Guyer probably wont respond.
If he did respond with a 'No R/S', you'll find out if he's a man of his word. You can bet he wouldnt tell you of the coming R/S as everyone would dump their shares. In 8 years, this company has yet to do anything that benefits investers. So dont expect it to start now.
And as far as this constant "Buyout, Share Buyback, Retirement of shares" fantasy, Thats impossible!
This company would have been bought out a long time ago if there was any value.
It has no money to do a share buyBack. Its too busy dumping shares on the market, so a retiremnet is out of the question.
In fact, of the 22,400,000 shares traded today, only 165,000 were bought. 22,235,000 is Company Dilution. Anyone with Level ll can see it.
Include that in your Guyer Email.
my one post for the day.
GL
The Numbers have changed dramatically
in the last year. Let me try to bring
you up to date:
Current O/S(including Guyers restricted)is 26 Billion + and climbing daily.Except weekends and Holidays.
A/S is 35 Billion.
Also, expect the Reverse Split to coincide with the Sierra shell company(AMNP)merger.Sometime around July/August. And another Employee Compensation Plan too.
As usual, it will be to benefit all loyal CGFIA investers.
GL
Early last month I placed an
order for 10 million shares at .0002pps.
It was filled within a few minutes at .0001
At the time, it made no sense to me. Why not fill order at the requested higher price? Then it came to me. Marketmakers are not people. They are Computers.They are programmed to supply the best price to investers at any given moment. And thats what happened.
No emotion. No manipulation. Simply doing what's right for the investing public.
At 26 Billion O/S and No Income, I'll trust the Computer to calculate Value anytime.
GL
In the video, IBC Advanced Alloys is on the marquee to the shared office.
Here's the website:
http://www.ibcadvancedalloys.com/investo...
Notice the 7th picture down. Look familiar?
Also notice not one mention of Colorado Goldfields of which HE IS PRESIDENT!
Then go to the next marquee, Rare Earths Limited.
http://www.ibcadvancedalloys.com/news/20...
Surprised? Its a Division of IBC.
And finally, data Technology Services.
http://www.dtsisoftware.com/about_us.htm...
Try to find anything on them.They dont even tell you who's running
Couple of suggestions for
my 1 post today:
Why dont you or someone update the correct A/S and O/S figures at the top of this Investers Hub Header page. 11.6 million O/S is slightly off.
And as long as you and Steve G are talking about saving money, how's about he lighten up on that $25,000 a month Salary he's been pulling down from a company with no income at the cost of its Investers?
and Just as an aside, O/S and Restricted O/S are All O/S.
Todays Current O/S 25,077,342,208
(btw...the 2.4 million restricted are majorally those that Guyer awarded himself in March)
Just keeping it real at Colorado Goldfields, fully reporting Gold and metals company,with proven 20 year life span.
GL
I sincerely hope you arent
referring to me with the MM/Broker remark.
I could not respond to your earlier questions as Ive been restricted to 1 post per day.
Just so we are on the same page, by any measure I am a very large shareholder in CGFIA. I am all for Company success.
No matter what my hopes may be, Ive never viewed any investment through rose-colored glasses. That may be what sets me apart from others here.(Kitt being the exception)
GL
The time spent addressing the
ever updated Compensation plans over the last 4 years is ridiculous. And insider sales is another subject alltogether:
http://www.otcmarkets.com/stock/cgfia/insider-transactions
All in a company that produces and earns nothing.
At the going rate, the "Employee Compensation Plan" may someday need the inclusion for BodyGuard services.
GL
Thats the point I am
trying to make here. There were No Negotiations because the 2 parties were legions apart! A Negotiation can only accur when you're within reach of a common denominator! And it's not the DRMS that has to do the reaching! In fact, They couldnt if they wanted too. Little thing called "Law/Rule/Regulation" has a way of mucking things up.
GL
Past the interest stage long ago.
More curious of the endgame.
I wish I could be as optimistic as some others. Many on this board hold CGFIA management in high esteem.
Seen it before.I remember the December 2010 MLRB meeting. If you missed it, you can review it on You-Tube.
Long story short, Guyer/Rice came off as rank amateurs. For the most part,they were laughed out of the room and came away with nothing.
To assume,for whatever your reasons,they have miraculously morphed into an effective/persuasive force in the last 2 years and will oversee a different result, is definitely a stretch. In fact, dont be surprised if the next meeting is further delayed.
From what Ive seen, if Guyer/Rice were the only people qualified to run Mining operations, Mining operations wouldnt exist.
"Those who cant learn from history are doomed to repeat it".
GL
That would explain why the SunDale design documents were submitted a day late, creating a 2 month extention in delay.
Maybe the upcoming PR will be about "Employee Compensation"?
This will be fun to watch.
GL
I dont believe he needs any of your "Hope".
He's doing financially fine,and even better when he walks.
The question remains"How is the company and its investers doing"?
It doesnt appear nearly as well, considering it's all on their dime.
GL
I recall hearing about the Half million dollar loan you mention. But I dont ever recall seeing the entry anywhere.It seems to have evolved to rumor status whenever someone brings it up.
Also, I hear more talk about "when" the permit is issued this summer. It's being put out as if it's a given.
Im sure many have heard the Investment phrase"Buy on the rumor, sell on the news". Current PPS being what it is($.0001),I dont see many flocking to the rumor. Those with positive hopes could be in for another severe disappointment.
And then Winter approaches.
GL
In the last 2 months
Guyer received over 2.5 Billion shares.
Rice received 730 million.
Reason given was back compensation in lieu of salaries.
Last year, Guyer was "Given" the remaining 450 million 'B' shares for a similar reason.
Over the past 5 years there's been many different Employee Compensations all at investers expense, as everything has been.
Numbers keep getting larger. Unfortunately, theyre the wrong numbers.
GL
Lets not forget that
Mr Guyer and Mr Rice have expenses.They have been working tirelessly for years.Current share price is a reflection of all that hard work.
GL
Brendan, If youre talking about those Assays
that were taken LAST SEPTEMBER,when do you think the results might be released?
And what do you think the PPS could rise to before the Reverse Split?
Your focus is impressive. I appreciate your diversified input.
The number tends to speak
for itself regarding share dilution.It's difficult to desemminate between AS/OS conversion and Time-release Restricted shares.The sheer longevity of CGFIA makes it difficult to tell the difference.
That being said, doesnt change the fact that more shares are diluted into the market almost every day.
With this company,Time is the enemy.
"Rent is too damn high"!
GL
From the third paragraph down
Im absolutely in agreement.
GL