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I have been holding onto my shares for the last 3 months to see what direction that Channeland will take this company but at this point my hunch was correct and they will do nothing with it at all.
I don't understand how the filing can be late? It's not like they are doing any business so it's pretty easy to put zeros and negatives on the income statement and balance sheet. I say they just copy and paste the last 10-k and get it over with.
Especially when it is under the mining sector with no foreseeable mining profits. All I see if a mining company who bought and entertainment business somehow without making any profits of their own from their mining agreement in Mexico. We have all been duped into false PR and lack of leadership in a company that doesn't exist. Also all this talk from the new lawyer on the website signifying that he cannot give "any" information on the direction of the company is bogus. I still have 40K shares just for the long run because well I can't lose much more money anyways so here's to the best for an apparent ghost company run by scammers. As much as I would have loved to agree that it was real, i think my ignorance have finally run its course.
Anyone read the following article?
http://finance.yahoo.com/news/dewmar-international-bmc-inc-otcbb-143000633.html
Why is HEMP down? Seems they already have a customer for their Hemp hearts.
Plus how many people have tried to contact Mark Townsend to get information on this?
The Lone Star Gold website has been deactivated. Anything we should read into?
QSL,
I believe this is a whole different tailings section in Parral. Lone Star's is 20 miles north of Parral. If someone else has a better idea that please feel free to add here.
I still don't see how this helps us out though him just reiterating the fact that they have 1.5 million tons of processing for the Parral plant. He never indicated that the material was at the processing plant did he? An the original number was 1.2 million tons for the tailings project. How is there an extra 300K tons of tailings now to process?
Good evening, we have approximately 1.5 million tonnes, which I think is increased the reserve since there are other lots below the main, which accounted (English) (translation)
where did you get the info on Dan's stock deal if he sells or gets our of the JV? I agree with you if this is true though. What would be the motivation for Dan to cancel the venture and sell?
It is still the exact same BS that was on the last one. We have not earned any revenues and don't expect to earn any until the Parral plant processes our 6,000 tons from their 1 year backlog of parts and working speratically. What do you investors think? Anything from Tomas on the Parral plants activities?
188K volume?
I wouldn't expect much at all from the quarterly report. I honestly don't care about the stock right now. I am just going to let my money float around in the stock and pray for the best. It is to the point where even positive thinking is turning negative. Expect the same BS from the filing indicating that all words are forward thinking and our legal bills are still growing, we are looking for ways to strategically grow, our new deal with blah blah blah will help us our strategically in the long run, (nothing about tailings at Parrall), etc....
JR11 has been pretty quit lately.
I think my fingers and toes will be permanently crossed after waiting this long for any good news from LSTG.
What do you guys take away from the new 8-k?
That is what I would conclude from it so it is basically just a waiting game from here on out because he won't say anything else other than we will release an 8K or through the media.
I think establishing the fact that it is a real company that can create revenue will definitely build the price back up but the question is to what price level? The price of Gold and Silver may not drive the stock price now but when/if they get revenue from the first batch then they will probably play the market more cautious depending on the price of precious materials. I think (my own opinion with no research done) that if we see a revenue from the company the stock can go up to about $.50 within a week or two and then probably sit flat there for a while until a buyout or start processing their own material.
I have actually just received and email from Steve Carr:
Steve Carr
11:02 AM (3 hours ago)
to me
Definitely will/would update situation with 8k and/or release as material events develop, David, yes…."
This was after I asked if LSTG is ever going to update investors on the 6,000 tons at the parral processing plant.
I have emailed Steve Carr about 6 times and have had no response as of late. Before this he would respond to me, so that is concerning. Anyone have luck with Steve Carr? scarr@dresnerco.com if y'all want to try.
The volume has been really weak the past month even with the news of the 8-K, New Capital Group, and the Financials posting. What is it that people are waiting for? Even if you sink $500 on speculation you would get about 15,000 shares and not that large of an investment for a possible HUGE return if all is true.
I just want to see this price sky rocket back to $.15 at least. Do we all remember how happy we were that day?
I believe that this 8K can go either way but I honestly believe that it means nothing except to keep the public guessing and investing. If he believes he will have the money to pay them back then why not a higher loan amount since the same expenses will occur in the next month unless he believes that the tailings check will be coming in July at some point so he only needs the 50K to take him until then. Who is KVM Capital and what happened to Deer Valley and the New Capital Group in NY?
And PLEASE someone give us poor depressed souls any news from the Mexican processing plant!!!!!!
I would like to believe you because then we will finally be able to meet all you guys in Vegas. If there is a buyout of any sort then we will have a couple millionaires on this board and we can all meet at the Strip. How long are you speculating this hold out to last?
Not one trade at all today so far? What would be the cause of this my brilliant investors?
Not one trade at all today so far? What would be the cause of this my brilliant investors?
WE NEED UPDATES ASAP either from LSTG or Mexico itself. I am with JR11 (even though I am 90% sure it is a scam) that if this mysterious check does show up and proves LSTG has the goods to sell then the PPS will go up to at least $.25 in a couple days. Just think back to when they announced the Deer Valley agreement it went to $.15 in 2 days and that was without any revenue.
Where does it say that Ferris put in millions of his own money? If he had that amount of money to start the business why couldn't he just use some more of it to invest into the processing plant onsite?
I don't understand how you can still believe that LSTG has 6,000 tons at this plant. We have heard absolutely nothing from Mexico, even Mexican government, about the plant and the way it is working. There are so many questions that still need to be answered which in my mind means there is no hope for this company in 2013 or even in the future. They have not created an on-site processing plant which they said they would last month. They complain about having no money but didn't they go into a contract with Deer Valley for $15 million and according to their last financials they have 0 cash on hand. They also mentioned that they would use monies from that deal to build their processing plant. This company is a farce and every dollar put into it it goes into Dan Ferris' pocket. Please help me out if I have missed any positive information that is relevant to the stock? I have been through this for a year and a half now and like I mentioned before I have sold my shares when it was around $.05.
They will never make any revenue because they do not exist.
The evidence that I can gather is that their 6,000 tons has not been processed and may not get processed fully until next summer according to the 1 year back log. Also these is no indication of them building their own processing/leaching plant. All I can remember is that they said 6 months to complete 2 months ago with no update on production. If anyone has anything worth while, that is not speculative, to put into the conversation then please do not hesitate to share. In all honesty we all have been duped and played by Mr. Dan Ferris...so well played Dan and which ever handle you are on this board.
I agree Tennis...where is there evidence to make a statement like that? I have just sold all of my shares due to the incompetence of Dan Ferris so I am taking what I have left and running with it so I don't lose my clothes as well as my house.
Your guys never mentioned anything about the 6,000 tons that LSTG has at the processing facility or the construction of their own processing plant?
What would a takeover bid mean for investors? How is the payoff to us as LSTG investors?
If there is any revenue posted at all from the tailings project the stock will sky rocket because it will finally prove to shareholders (and the public) that LSTG is a real company and real player in the precious metals game. I AM PRAYING EVERYDAY THAT THIS IS TRUE!
When is the quarterly report due you mentioned JR11? What is the prospectus on what will be included in the report? Will there be anything that is worth while in informing investors about positive steps the company is making, because i remember in the last one it was a detriment to the investors. It made it seem as if they were not doing anything to produce revenue and no positive assertion to investors that we will ever get our money back. I feel as if there is no positive news coming out with the next report I think it is time to keep what i can and not lose all my money I have in it. Even though I want all the success in the world i feel i can better invest my money into proven companies. I am still waiting for the prospectus from GetterDone's golfing buddy (if he exists)
What are your thoughts to the new press release?
http://finance.yahoo.com/news/lone-star-gold-inc-retains-160659170.html
who is Jennifer? Is she hot? lol
Waiting on pins and needles for any type of update/press release from LSTG, but I don't think it will come for another month or so. I would have to believe that the processing plant had to have processed some of LSTG's tailings? We are all starting to sound like broken records with each post because it seems that we have all been complaining about the same things and asking the same questions that all result in a round and round guess to how LSTG board is thinking. We all know that if some of us on this board were running the company our stock price would probably be up around $2 by now.
This stock gets sketchier day by day and also stresses me out. It boils my blood how they work with no determination and no care about investors, just like a lot of Chinese manufacturing suppliers I deal with. Anyone else on the verge of selling all shares to at least keep some money invested? Even though I really don't want to at all with the chance that LSTG is a company that can make a profit. All this information to take in and seeing no results from LSTG and now from the Mexican processing plant does not bode well for investors. At the rate this is going we might not see LSTG or the processing plant turn up a profit until August which will make it to be a very long stressful summer.