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God the longs on here really deserve to see once and for all what is in this property, I hope not another false dawn.
Come on Cutler let's get this show back on the road, needs to do deals with creditors and clean up the balance sheet before hopefully investment. Then please some quality management simply drill and see what's there! It's not rocket science!
Hi Ardock, sitting tight here hoping for this finance from New York. Still absolutely believe in the asset, its always darkest before the dawn! Seriously though I hope money comes in too take out the convertibles and then equity to pay for more proving. Its all about the asset. The bashers are having a field day on here so better to stay long and keep away. The converts drove this down it is not rocket science, but they have to be taken out. Never going to be an easy ride but the asset could be amazing, here is hoping! Keep the faith all longs!
Your negative talk makes no sense. I can't understand your logic or motive. The old management has long departed. We have a proper functioning board now running a proper high risk exploration company. More investment on the way, technical report on the way with probable reserves on .003% of the property. Then more drilling and proving and sell for a healthy profit! Oh and Gold hopefully to rise along side this. We live in real hope!!
Stay positive all longs, this company is for the first time in years being run properly. Wow it is hard to believe how the previous management run this. I believe the lawsuit will go away with a counter suit. I believe additional investment is coming which is required to to drill more and prove more. This is all going in the right direction. I hope and believe this is a massively under valued company.
Well said sir! It's all about the asset, that's why Pane wants such a big slice!it's so god damn valuable me thinks. Gildea and current board are finally on a smart strategy thats good for shareholders, prove the asset and sell. Why didn't Pane do this year's ago?
So what the hell happens now? Forgive my ignorance, but why the hell was it not always about proving the site? Am I stupid here, raise finance and prove the asset and sell to a big player if it is a great asset? My only hope is that the current board have finally got it, they finally see what needs to be done.
Thanks manxy appreciate your response. Basically the geography and the results of which I am no expert look promising. I also respect Mike Berrys input which made me interested in the stock. Surely you cannot deny that drilling is the way foward here, lots of it? Is this not the correct and proper plan of action by the current BOD? Also what is the correaltion between IPWG and USPR? What evidence is there to suggest wrong doings? Genuine poster here please remember.
Manxy. You have been correct with some of your statemnens I will give you that. I am a genuine investor trying to make a buck here. Tell me honestly and I hope you have no agenda your opinion on the management since Pane has left? Do you believe that this current management have shareholders interest at heart with a prove the asset policy? I still believe in the asset, always did and that is the great hope here for me.
Excellent! The evidence is beginning to mount here, this could be a world class asset we have on our hands! The big fish have got to take notice soon! More drilling and proving please and lets show the doubters! If I am correct we are drilling on about 50 acres, and we own 37,000!!!
Hi USPR Investor and all longs! Can i have your thoughts on things. Will this still be viable if gold goes below $1,000? Is the only realistic end game to get a large investment say a JV and do substantial drilling with a feasibility study? Is it a worry that gold prices tend to go down when the economy is doing well which it is likely to continue, and that it rises when there is a recession or crisis? I am still very confident about the property itself, I am hopeful that the asset will win out for long term investors in the end!! Keep the faith!
Hi to all the believers. So can anyone throw possible light on what will happen in the near future? If we get very good assay results, will they be released in detail to the investors?(SEC rules and all that) Then what will happen? More drilling? When does this end? Will the drlling and proving have to go on for months or years before someone eventally wants to buy us?
Hi USPR longs! I'm confident but not excited just yet. It is the timeframe that annoys me. I really believe that this is a great property, but why is it taking so long too raise investment. What will happen after this drilling? If there is extremely good results we will have to wait again for more money to drill the rest of the huge property. This is very slow. I hope that Mesa will come back onside and put up the money once excellent results come from the drilling. And another thing what results will they be allowed to disclose?? Will it be SEC compliant? Will we get from this 5000 metre drill an estimate of the value of the portion of the property drilled?
End game now in sight!! This was the big news we were waiting for. I wonder who has paid for this? I heard that it may not be Mesa, and that the new regime got fed up waiting on him. Not that he has gone away just seems too busy in his other projects. Anyway I am now relieved and happy and very very confident that my investment will pay very handsome dividends!!
Drill Prove Sell!
okay serious genuine question so please stay on point. lets just say funding happens from someone! Drilling is done, then what? i have been let down before thinking that the Ukrainian results were going to be released. So what information will come from this hopefully upcoming drilling? Will it be allowed to come out? Will it be compliant with SEC rules? i am getting tired of being let down here.
Also will a feasibility study be needed? Or is that too expensive and they may sell the site without it. Thoughts please, not just bashing or unrealistic optimistic talk.
Hi Russo, firstly you seem like a very reasonable guy, I respect that. I am not on this site very often and I honestly am not very knowledgeable regarding Gold companies, so that is why I personaly have not responded to you questions. Let me tell you where I am coming from, maybe you think it is crazy but heh! My view is that this is a penny stock high risk (hopefully high return) stock, I bought in at a very low price and I just dont care how many shares are issued or who gets paid, if this goes to $1/2/5/10 dollars then i will be ecstatic, simple as that. High risk, high return(hopefully). Now it seems that finance is hard to get these days, and to get someone to part with millions I guess you have to offer equity, my point is that if Mesa announes funding in next few weeks, if he is willing to spend his money then we are on to a winner. I just happen to believe that he will and this property is very very good!!
I for one am much happier today. I believe we have competent people in the correct places now, all is falling into place. The previous CEO was putting deadlines out there that were never being met and really frustrated us shareholders. I relly hope the new management will be open and transparent, and realistic with any timeframes. I suspect that Mesa would not invest until this happened and hopefully now a deal will be completed that will be in the best interests of the USPR investors. Lets go and prove these reserves!!
Hi USPRINVESTOR,Ardock and few other positive believers. I am very hopeful for real tangible movement in the next three weeks. I hope we have the lawyers and finance issues sorted by start of December. What are you thoughts on a time frame again? We will have to wait for credible reserves to come from the drilling before any takeover speculation. Everything is slowly falling into place for the end game!!
Where did you see USPR state that they were going to release reserve results in October Russo? This is a pioneering way of assessing a gold mine, just give it time and we will see how much gold is in the site.
For me i am quite happy with the way it is progressing, although I am not a fan of the management. I genuinely believe that they are nearly giddy about the initial findings on the 2100 acres but they are just following protocol in relation to when reserves can be published in monetary terms(proven reserves). I believe it to be a world class site, I just hope that there is light at the end of this tunnel soon as even longs seem to be getting fed up!
Hi USPRInvestor, I too believe this is a world class site with billions of gold. But I would love to hear your opinion on the management of the company. I mean it looks like they are deliberately delaying doing the things that they need to do to get this noticed by the big players, or they are clueless and incompetent? Which do you think, and please don't say it doesn't matter.
Also what in your positive informed opinion will happen in 60 days? When will this come to a conclusion for the longs in your humble opinion?
Okay guys so I bit the bullet and actually called Steve the IR, very nice guy and he obviously could not tell me anything he just said that the results will be out very very very soon! Take from that what you want. To all investors keep the faith we are at the end of the dark tunnel with hopefully excellent results coming. This is a big risk stock with a big return, its not a blue chip with full time BOD. I believe the results will be out definately this week and I believe they will be excellent!! Keep the faith!!
Hi itsawinner! Yes that was a lot of fun! We are allowed to dream and speculate, it is a penny stock that might literally hit lots and lots of gold! But lets be real and alo deal in facts, there is gold there, there is a lot of anamoloies. They are only looking at 6% of the property in detail. So if the figures are over 20billion then yes the company is massively undervalued. My concern is this BOD I just hope they know what they are doing with this potential world class site. Anyone know if any of the BOD are full time in USPR? They should be if the results are great.
Hi Notaclueyet! Well the additions are great and credible, but this BOD seem very slow to get things done! I mean it looks as if they just do not care about shareholders, I can only hope that the figures are amazing and they are bamboozled as to what to do, scrambling around trying to get advice. I just believe that the company is massively undervalued and the waiting around is very hard work. The dreaming keeps me going though, is it possible to hit $50 if the figures are 200B? What do you think?
Hi USA*2014, speculation of course and this BOD are proving to be unrealible. I think they have been incredibly lucky with site not down to skill. I dont know what the BOD meeting is for, I can only speculate that they are discussing the gameplan. The rumours are possible but you have to remember this is a penny stock and this is a punt! I like to dream and this could be the once in a lifetime world class site. For my dream I would like SP numbers based on 200 billion please?
Hi USPRINVESTOR, I love your posts, very positive and informative. I have shares since .10cent so I like to come on here and dream of my impending wealth! First of all my rumours for you, $25Billion in 2500 acres and $200Billion in the whole of the property. There is to be another BOD meeting on wednesday. If it were to be $200 Billion what is your thoughts on the share price and a possible buyout.
Hi itsawinner, we will keep positive as the results are due very soon. I have heard that the document is over 400 pages long and that is the delay. i have also heard that 25 Billion figure for the 2000 acres. If this were to be true and I know we are only speculating, what could the Sp go to if this were too pass? What could it go too if the company were sold? I am a USPR investor so I like to speculate!!
My sources indicate that results are incredible and that a proven thrid party is verifying the results. This can only mean one thing that the results really are huge! I suspect that the results and the enormous repercussions are too great for this board. I believe that the site is world class and a one off, even if the BOD is not. It will not matter the gold and other minerals in the site is all that matters. I hope it is bought out and quick as this is just too big for this BOD.
Hi Slmufan, Thanks for your informative posts. I am a new penny stock investor. If i may pick your brain. Why would the SP not rise if the results are, lets say exceptional? Why would it take a long time for USPR to be bought out by a big player if the results are exceptional? Am I being to simplistic in thinking that exceptional results = SP of couple of dollars, then a buy out of multiples of that? Genuine questions here from a novice!
Ok this is for all the optimists out there only. Lets say reserves come back at 10 Billion (not million), so 10% (average) of this is 1 Billion and the company currently valued at 20 million. Therefore multiply our SP by 50 times. I believe that this is a conservative, plausible outcome. I believe the results will be out next week, I bought at .10 cents so obviously I’m a bit giddy at the potential prospects!
Hi usprinvestor,
Thank you as always for your informed opinions. What in your opinion based on previous stocks is the timeline going to be on this, assuming the the results coming in next few weeks are amazing?
- Will there be a buy out?
- Will the SP increase dramatically or will it slowly rise with a buy out?
I have heard the gold find is significant but aswell the silver and other minerals are very significant aswell.
Hi USPRinvestor!
What in your opinion would be best case scenario share price , realistic but best case? i too believe that this is a world class, once in a lifetime property, would $10 be possible, mybe more?