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I think all American citizens need to re-read this passage:
Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and, accordingly, all experience has shown, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
But, when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security. Such has been the patient sufferance of these colonies; and such is now the necessity which constrains them to alter their former systems of government.
JSC,
THINK BUY OUT!!! Are the GORO holdings worth $50-60 million?
Mom,
Success??? I really hope for it. I have money on the line as do 100+ others. Now I would be happy to see a plant producing at a farm site. We need hard figures going forward. Not "spring" summer" of any other nice sounding term. Machines on the farm. Sold Machines under construction at the Waterloo plant. Planned delivery dates for those machines. Financial figures with gross sales dollar amounts. These are the things that success is based on. We know there is a Waterloo plant because they took a politician to it. We "INVESTORS" need hard numbers to justify our involvement.
May God indeed help you and "May the Force be with You".
DEMAIN,
You posted an article dated October 2012!!!!!!! You are sick man......really sick...at one time you were funny but now you are just sick.
Well, I was wrong again. Another private placement for over 100 million shares for just $3 million. They soon will have a billion shares outstanding and still no plant working on a farm. Bring in more politicians. Maybe they will "donate" a few hundred million. There is something that just smells here.
Kansas,
I understand your issue. The fact we are a very small group of investors (about 107 to be exact), we cannot move the market in "OTC LAND" simply because the market makers will eat our lunch with small sales while we try to bolster our positions. Jason has explained to us his reasons for not wanting to move up to the NYSE. Most of all is the danger option traders place on the stock. Besides, the big Gold producing companies (Barrick down about 10% in the last three months; Newmont down 15% in the last three months), are suffering along with us. Only in the past two days have they seen a turn to the upside in their stock price.
Maybe the way out of your tax issue is to use the "IRS 61 day Wash Rule. (Please look at IRS Publication 550 for guidance). It is usually done at the end of a calendar tax year but applies really anytime. It appears FTCO will be stuck in this trading range for another 90 days so the risk of selling should be low. It is only an idea and not advice. but offsets are really helpful sometime.
I have heard from Mr. Jason Reid, CEO of Fortitude Gold Corporation. Attached is his unedited response. Please note there is a personal issue contained in the response. Mister Reid told me the issue is common knowledge. I would hope one will act accordingly when addressing the issue.
Dear Mr.
Thanks for the email.
The entire mining space is under pressure, not just FTCO. Most mining companies entered 2024 at 52-week share price lows. Case in point, one of the largest mining Company in the world Newmont was at or near a 52-week low entering 2024 and has since made new 52 week lows recently. Mining is an unloved investing space right now. While FTCO outperformed our peers the last few years, we are not immune to the market pressures on most all miners and share prices.
A more thorough update on many of your questions will be addressed in the conference all next week.
As stated in the preliminary production press release, we await BLM permits for numerous items including mining the high-grade gold deeper in the Isabella Pearl pit and for the County Line permit. We reached the permitted pit bottom in Q4 but continue to mine the Civit Cat area of the deposit while we await regulatory approval to mine deeper at the pearl zone. That permit could drop in any day.
The BLM continues to be understaffed and we see and hear from many of our peer mining companies that permit timing is less transparent and efficient under this Federal administration. We believe we will get the permits but the timing of which is unknow, hard to predict, and out of our control. We are ready to build County Line as soon as we have permission.
We hit the mid-range of our production target in 2023, not the low end you state. Even if we had hit the low end that would be executing on our goals and a success.
As for stock sales, my position in FTCO changed as a function of a brutal personal divorce. In court documents my ex’s written statements noted the intent to sell her large FTCO position awarded in the decree. I don’t know if that happened but could be adding to the share price pressure.
A more thorough update will be provided in the conference call.
Best,
Jason
Sad but TRUE. Have a great day!
China,
Thanks for the big laugh. It was what I needed on this rainy Thursday!
As I promised, attached is my email to Jason Reid, CEO, Fortitude Gold Corporation.
Dear Mr. Reid,
I hope this email finds you well. I am using this format to be the less intrusive method of communication to allow you to work in a steady fashion.
As you may have heard, seen, or read, there is a growing stockholder concern about the health of Fortitude Gold Corporation. I, for one, am concerned about the gold production for 2023, the sale of large amounts of stock by you and the Chairman of the board in the past months, and the lack of an update on the proven and possible gold reserves for the company.
I have seen a number of drill results updates over the past months, but they do not prove me a good picture of the company's gold reserves growth. Additionally, the production of 37,000 ounces of gold last year did meet the goal but it was on the low side of the target. It also means less revenue than 2022.
Now I am sure you and your team have a good explanation for these matters and the stockholders would like to hear them at the start of the next earning call.
Right now, NOTHING positive being reported on Fortitude Gold is having a positive impact on the stock price. This company is owned by retail investors. Some stockholders have purchased large amounts of FTCO stock and are not getting any younger. I am not one of them. I limited my FTCO stock purchases, and I am already too old.
I will say with some reservation, the stockholders are happy with the monthly dividend. But this benefit is subject to change without notice and would impact the stock price in a very negative manner.
Finally, the stockholders hear of issues at Nevada's Bureau of Land Management (BLM). I hope permitting is not the reason for any reduction of gold production. The company should be increasing gold production; not decreasing. It has too many good production sites to be reducing gold output.
Again, as always, thank you for your time reading emails from "old, retired stockholders". I hope you will find the time to address our concerns at the earliest opportunity.
Best to you and the family,
Regards
Sorry that would be Jason.
Kansas,
Thanks for the reply. I will send Scott an email with our concerns. I will request he address them at our upcoming earning call. I hope he does.
This BOARD is DEAD. China, Demain, and others have made it a "Democrat Blog against Trump". We did, at one time, put out useful information. That was before the negative "underworld" people found the BOARD. I just check in now to see how outrageous their posts have become. Gives me my LAUGH for the day!
Kansas<
Reading your post makes me feel this was sent to the FTCO management. Am I correct?
He is associated with Seeking Alpha
Steve Cress
Well, they finally have finished the "annual stockholder dilution process" for 2023. Now on to 2024. I guess with no income one must find money where you can. And the new "on the farm date" is really reassuring. Let us recall: on the farm in November 2022: NO, on the farm in spring 2023, NO, on the farm soon; NO, on the farm in April 2024. That's it! For Sure! April 2024 after we get some more permitting out of the way. No revenue....NO stock price increase. Nothing being said about the thirty orders in hand or the status of "batch" manufacturing. Wonder why?
Prof...
I like Golden Panda thinking on way the collapse in December. The issue here is: Has the BLM issued the permits (plural). With only Peral permitted, this could turn very ugly very fast. That is if the thinking by Golden Panda is correct. Should be interesting to hear what Jason has to say next month. Until then we wait.
Waves
I understand just fine!
JSC,
You said "and they are past their 30 for sale and can buy back". You figure the two Execs used the IRS Wash Sale Rule to sell their higher priced stock holdings as a loss and then buy back at a lower price. That would surely be a different way to "short the company". The net effect is to punish all the "buy and hold stockholders" for a tax break? I hope that is not the case. It raises many ethical concerns and may infringe on present laws on insider trading.
Glide,
AND what did he have to say? Or is it only "for the eyes and ears of the insiders". I am beginning to be suspicious when the CEO and Chairman start to "dump" stock right before years end. AND to count a 37,000-ounce yearly gold production total as "meeting the goal" is a bunch of BS! Something is amiss. BLM is delayed because of lack of staff? They always had a lack of staff. They have casinos to attend and skiing to work on. Time to hold some bare feet to a very hot fire. Time to complain to the FEDS (DOJ and its hapless FBI, SEC, JOE "Bite Me" Biden and MISS Sleepy herself). To the stockholders I say: The Whip, The Whip, more lashes from the Whip! Time for a stockholder's rebellion. Time for a recall vote on management. TIME FOR THE TRUTH!!!! And yes "WE" can handle the truth.
Hey Wrath
You said: Hey Chartmaster…I have two bridges in San Francisco I will sell to you for cheap.
Well ???? What do you want for the Golden Gate? Big interest here. Besides, I would like to see your purchase documents from CALTRANS.
I get it: You were on kidding. Right? You are so serious about getting the former CEO of INTK, I thought you were still talking in the same manner.
Well Stu is gone. And you, China, and all the rest of the same person need to find a new person to persecute.
Hey Wrath
How much are you asking for the Golden Gate?
Now China, please do not go STUPID on me!
Accesswire, December 12, 2023:
NALPES, FL / ACCESSWIRE / December 12, 2023 / Industrial Nanotech Inc. (OTC PINK:INTK) today announced that Stuart Burchill, the group's founding Chairman and Chief Executive Officer has decided to step down from his roles effective December 12, 2023, for health reasons. Craig Fischer will take over effective immediately as CEO of the Company and its subsidiaries, Syneffex, TalkingPaint, and Anaconda Insulation. Mr. Fischer will be joined by Jaime (Jay) Cruz, the former President of the Company, as CTO and Director of Operations. Mr Burchill will assist the Company in a technical capacity as a Consultant.
The Company also announced that 29.5 billion shares of the former CEO's common stock is will be retired and returned to treasury.
In addition. The company announce that the previously announced 1/2000 reverse split will not be executed by the Company.
OH China...Who are you going to "assault" now!
I found this on SEDAR for BMSPF: No file on the company trading restrictions in the last 12 months. The report is dated May 13, 2023.
BIOMASS SECURE POWER INC.
MANAGEMENT DISCUSSION AND ANALYSIS
For the nine months ended March31, 2023
The following Management Discussion & Analysis, prepared as of May 12, 2023, should
be read in conjunction with
a) the financial statements for the year ended June 30, 2022, and related notes attached
thereto which are prepared in accordance with International Financial Reporting
Standards; and
b) the Annual Information Form for the period ended June 30, 2022, and related notes
attached thereto which are prepared in accordance with International Financial Reporting
Standards.
China/Atum61/Demain
What are you going to do now that Stuart is gone? Who do you level your hate! Awe, too bad you have failed to "kill" your arch enemy. Got to find anorther dead beat firm. Good luck. I am sure you will be happy. Just look inward. Ha, HA, HA
All you say is true. However they are not getting anywhere in Canada. They are a green energy project and Canada could care less. If you come to the USA with a Louisiana address, you may get some government goof ball to spend some of our billion dollar tax monies on this idea. The Biden guys need to do something early in 2024 to keep the ultra liberals on their side. They lost two big windmill projects this month. That money has to be expended before the end of 2024 if Biden does not win. Otherwise the Republicans will claw back the monies.
Another mid-size gold mining company stuck in a trading range. Produces over 2 million ounces a year and reports major finds out gold bearing rock. Gold is steady at around $2,000 per ounce. Why ?
All,
I stand corrected. They produce 1 million ounces a year. My apology for my error.
Never
Boing,
I still cannot understand why this stock is a three dollar stock in a very limited trading range. All I have seen in the past year is positive growth in gold resources. In days gone by growth of gold resources meant increases in stock price. The company produces 2 million ounces a year. The added resources should extend this trend. Why is the market "Black Balling" this stock?
Waves,
Good news if the source is accurate. This company has been playing the game for a long time so I will not get excited. It is, however, a type of green energy the USA has not moved on. It would also help save a number of coal fired plants in "red states" should it ever get going. We shall see what happens but do not hold your breath.
Let Us think about this!
After last month's Company Dog and Pony show, I wrote Jason an email about the many comment's "people" had about share price. I presented the old arguments about moving to NYSE or NASQAQ as a way to get more institutional investors and thus higher market prices.
He responded very quickly and with some great thoughts. Moving to the NYSE would not be difficult but would open us up to the radical up and down swings of the gold funds who are under the control of "psychos". It also opens you up to the option players and their "spread games". Further you have just the expense of being listed.
All of these thoughts started me to believe the path we are on is the right path. We have six good, identified mine properties that need to be fully developed while not dumping gold of the market. These mines and their proven resources are the key to big share price gains. If FTCO can build its proven reserves to a million plus ounces in the next two years using on hand cash, think what a 25 million share company will demand on any market. Gold Fund and Option Market players would be shut out. Fund and Market rules would work against them.
The deserving players are the retail investors who hold 75% of the FTCO shares. That leaves about 6 million shares to be fought over. My idea is to quietly continue to buy up the remaining non-retail shares at bargain basement prices. Those are the shares day traders and short view "investors" trade. I would like to see 90% or more of the shares held by retail investors. When the time is right, we then push Jason to list on the NYSE. The little piece of the pie left for Wall Street would drive them nuts and make us very rich.
I wonder if this has been resolved?
Citation: 2022 BCSECCOM 482
Cease Trade Order
Biomass Secure Power Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 Biomass Secure Power Inc. is a reporting issuer and has filed annual financial
statements for its financial year ended June 30, 2022 (the required record).
¶ 2 The annual financial statements were not accompanied by an auditor’s report, as
required under National Instrument 52-107 Acceptable Accounting Principles,
Auditing Standards and Reporting Currency.
¶ 3 Under section 164(1) of the Act, the Executive Director orders that all persons cease
trading in Biomass Secure Power securities until:
1. Biomass Secure Power files the required record, completed in accordance with the
Act and rules, and
2. the Executive Director revokes this order.
¶ 4 December 16, 2022
Jody-Ann Edman, CPA, CA
Manager, Financial Reporting
Corporate Finance
Soccer
Did they give the location of the plant?
Anyone worried about the terror attack in Mali today?
Posters,
Given the average farm size in USA of 445 acres and one in Canada at 800 acres (2021 data), each farm requires 207 pounds per acre of Anhydrous Ammonia (AA) each growing season. This means a USA average farm requires around 92,000 pounds of AA. The current cost of this AA would be around $52,000 a year based on 10/21/2021 prices. A Fuelpositive plant produces about 220,000 pounds per year. Thus, an USA average farm NHHHF unit would produce double the annual crop requirement with one system. The payback timeframe for purchasing such a system is around 15 years (CA$1,000,000 times 75% exchange rate divided by USA$52.000 annual AA expenditure). This does not include a cost saving for using AA to power farm equipment.
However, in Canada the farm is twice as large and lack the exchange rate benefit. Their cost of AA is CA$95,000 with a payback of 11 years. Therefore, one plant can provide all the AA required for planting at an average USA and Canadian farm.
.
It is easy to see major sales in the USA and Canada alone are very possible. In the USA there are over 2 million farms. In Canada there are nearly 200,000.
This product is a winner. It will take a few (4) years to achieve the machine production levels (+200 machines a year) needed to produce major profits (+CA$ 10 million) but the market is way large enough for these to be achieved for many years.
Lowjack,
What I see is holding on to shares that are stuck in a trading range of $1,50 to $1.70 and a 4 cent annual dividend. I continue to look for spikes in GORO prices where I can off load this loser. I took the cash and moved it into better moving gold stocks like BTG and KGC which have better dividends.
Strange! They must like me better.
Next Christmas they will not exist. SCHWAB BABY!!!!!!!!
Congratulations and enjoy your retirement. I am sure it is well deserved.