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Agree with u in all aspects Pony. 10 Q is due tomorrow I believe.
From what I understand, Naval is now working for the Fund Manager of the Opportunity Zone Fund that CTDT is part of... so he is still affiliated with the company.
Spoke with him briefly on Thursday.From what I understand they have taken proper steps with DTC to get chill removed, now in the DTCs hands. Assured me things are moving forward very nicely, but couldn't go into details (understandably). I did not press. He sounded very optimistic for what it's worth.
I believe in this company. Chas has been very responsive to all my calls over the years, and I think a lot is going on in background. I can't wait to finally learn the progress in a press release when plans are finalized.
Purpose of this post is to inform that I have been in recent contact with Chas and he stated things are moving forward. I am sure I will get the usual responses of "same old story" and "Chas is a liar". Those may be some people's opinions, but I disagree. Ready to see this thing through until the end.
Good luck to everyone that is here for the right reasons.
Thanks for the clarification Naval...slightly relieved a representative of the company doesn't go by the name Robyou123.
Thank you very much for this post Stephen. Looking forward to official news from the company very soon.
Excellent, thanks Naval
Sorry you feel that way...u probably shouldn't buy shares here then. As for the longs here who hold shares, we've heard all this before. We are confident this company is now headed in right direction (I am at least).
Can't wait!
On the OTC page, the "shell risk" is no longer there.
Agreed. Now that filings are current, could be possible they release some news soon. Fingers crossed!
Indeed they are. Hopefully we get more news sooner than later! Thanks Cuenco
Very fair points
To be fair to Chas, you can see in the 10k that he and Leroy Delisle continue to provide the necessary funds to keep this afloat until proper funding is achieved. I believe we will get there.
10K filed this morning!
Well done Cuenca. Wish I could buy some more at these prices as well.
Yes, I am aware
I am optimistic they will file 10k by 8/15. Will be very disappointed otherwise.
Per Naval, 10k should be filed by 8/15. Hoping it will shed some light on what has been going on and/or what is in the works.
Thank you for these periodic updates Naval. Much appreciated!
Hi Wymont (and other longs),
I've been reading up on how the Opportunity Tax Zones work. Based on ur post, it appears u know about them. Can u confirm if my general idea of how this would play out for CTDT is correct?
- CTDT would gather investors to create a fund or seek out an existing fund.
- the fund would invest in CTDT stock (I assume through private placement).
- CTDT would use proceeds to create a manufacturing facility and fund operations in a qualified Opportunity Zone. By doing so, gains on investment into the fund receive tax incentives (amount of incentive depends on length investment is held).
Thanks in advance!
Thank you for sharing Tex. Much appreciated.
Look, he is CEO of the company. He has gone through the process of relocating his family to Vegas. He is fully committed to this and has a lot more to lose in this than I do, so trying to be respectful of his time.
They used to be monthly, but once Chris Cass came on board I have backed off a bit as to not take up Chas' time. He by no means divulged anything to me that hasn't already been communicated on this board. My calls mainly were just status updates (primarily when they were behind in filings).
Appreciate the response. Hopefully mgmt continues to (and improves on) keep us informed of what is happening with company. I've been having regular calls with Chas for several years, and I truly believe he wants this to pay off for all the longs.
Thanks for the info Billiam!
10k? That is due at end of the month.
Outstanding post Biz, thank you for that!
They still receive % of revenue from Apache at no additional costs. The way I see it, if any diamonds are found, it's a bonus. If no revenue results from this deal... then we can talk about losing some faith in the company.
I do not know. However, like Billiam and most others on this board I am a long term shareholder of CTDT. I have done my independent due diligence on the company, and have had numerous calls over the years with Management. This was a low risk play for them to add a revenue string in the near term while they complete bringing the Magnatek process to market... which is the real reason we are here.
Billiam doesn't need to clarify. Seems pretty clear to me what he is saying, you are just misconstruing it.
The Centaurus website added some documents and reports related to the Johnny Bull Mine. Look under "News and Information", then select "The Johnny Bull Mine".
Great post...thank you!
I have not. However, i did take a look at the website of the company the article states is Centaurus' partner on the project, Apache Mill Tailings USA. The website shows some of their other projects and the values of those projects...which are substantial.
Had not noticed, thanks for pointing out. This is an amened version of the year end 3/31/18. The 3/31/19 isn't due until 6/29 i believe. Again, any activity is good activity...shows they are getting everything squared away.
Cap, is this the progress you were referring to end of last week?
It appears to be released by a third party, as they got Chaz's name wrong.
Fyi, I have reached out to Naval for verification and asked him to post something here.
Interesting, thanks for sharing. Can't believe we didn't see this yesterday.
Thank you Naval. Glad to hear Chas has moved to Vegas. I know many here had voiced concern that he wasn't able to commit as much time as needed since he lived in SoCal...so this is great news in my opinion.
Thank you very much for the updates Naval. Very reassuring.