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What a cryin' shame for Greg's family. My heart goes out to them. I pray they have strength and resources to deal with their loss.
Balance, you have been - and will be missed. I enjoyed our many email and public discussions. May his soul rest in peace.
Gold will be sky high - well over $2200/oz when production begins. With continued extraordinary drill reports and updated economics, the value of their in-ground resource will grow exponentially driving the stock price much higher, IMO.
RBY should be well over $10/share by first production, running quickly to near $30.
I can wait ....... and happily accumulate.
Look for a name change soon to reflect the new direction of this company.
See small print on pg. 5 of that report. Still under review.
Copley, I'm sure you made good $$ on this one. I got in and am now all out - even. I've lost confidence that they will get their gov't money. They are now out looking for private equity/debt to finalize their operation. Ethanol investments have gotten very risky as more and more people are realizing this is a bad deal all the way around. This project may never make it.
There's your breakout, Matt. Good call. Of course positive news and rising silver helped a bit <grin>.
I think at least one thing is clear from the latest PR:
Production values certainly support the current share price.
We have a much firmer floor of support under the current sp now as it is apparent that SFM will be a precious metals producer going forward. Higher values are to be expected once they move into the better grade stockpiled ore and tweak their processing platform.
The future is very bright indeed and I'm adding now after having been very reluctant to do so. Especially at the current sp value below 20 cents. Operations and production should get very interesting moving further into this year.
You're parsing this too tightly, Ben. Contemporary 3D is 3D .... the higher quality of the 3D over 2D is the payoff for the additional investment for the technologically advanced seismic service. The technical return is all high quality - why make note of that? No, the reason Ray mentioned the "quality" of the processed data is because what they are seeing shows higher "quality" prospects than were disclosed by 2D. Thus the return to the analysts with the new data for an updated NSAI which should rock everybody's world.
They have the 3D data they can show to other interested parties now, which I am sure will evidence exciting prospects. That's all a potential JV farmee will need to enter into another LOI with Ray & Co.
I bet we hear of another LOI either before or during the SHM on Feb. 17.
I've been taking advantage of the current sp 'weakness' to add shares. There is no doubt that RBY is on the verge of moving up BIGTIME!
I think it's a valid comparison, PRE-DRILLING, also, Try. Although I think we'll be close to 'divurgence' if their farmout partner and HDY announce an aggressive drilling program, and/or their 3-D seismic evidences many excellent shallow prospects.
That's an impressive set of pics!
Well, I certainly like the way you think, Ben. It IS - and will continue to be a great company. This could be one of those magic stocks that one can retire with.
I'll be attending the SHM. Should be a very good time.
That's because we have gotten waaaaaay overbought, IMO. Where's the upside from this lofty height without support? Right now it's all investor imagination propelling this thing but it can't sustain itself without a KNOWN reason. Surely that knowledge will come, but this run up in sp needs a breather. A pullback to below $6 is necessary, IMO. Then with partner news, aggressive drilling plans, and a great SHM, let this puppy run toward $10.
My Gawd ..... I might have to put in a buy order tomorrow.
That's the way I read it ... "awaiting settlement" means they have paid for stock.
As much as I'd like to believe that these guys are on the 'up and up' ...... when they mislead like they have, break promises of transparency, and then infer they have begun a stock buyback program with absolutely no details on what is now 'allegedly' an income stream from mining, ... well, the red lights are flashing wildly here. With this kind of irresponsible behavior by management this stock price is going nowhere.
Is March the end of their financial year?
Thanks, but I never left. Just lost interest and concentrated on precious metal plays.
Yawn ...... is the JDZ beginning to rouse from it's slumber? And will the EEZ allow ERHE to bring a fresh new pile of chips to the poker table?
Me thinks ............ ahhh so!
Are you kidding me??? RBY available for under $4/share??
This is the freekin' steal of your dreams.
I'm with ya, Steve. I like the potential here - over all other MJ stocks. Over the years I have seen what can happen to low float pharmys after announcement of a drug in FDA trials. They have stated their intent to develop FDA approved cannabanoid based medicines and have the lab to perform such development and trials.
They seem to be serious. Note the unusual effort to re-structure the company stock with stock dividends and warrants. And, let's see .... what's the execution price for those warrants again????? One announcement of entering FDA trials before the expiration date puts the stock at that execution price. They may be telling us something that no one is paying attention to.
I have been a heavy buyer of CBIS - and continue to be on dips below .08.
This stock could be legitimately trading at $5/share by the end of next year.
Why does the market yawn at this pr? It seems there is some kind of a negative underlying issue with San Gold that caps any stock runs.
How the market does not see this as a 'Strong Buy' at this level is beyond me.
Thanks for your chart, jhernandez.
I knew this would happen and sold yesterday at .15. Buying back in at .08 today.
This is not a Prop 19 dependent stock like some others are in this sector.
I follow 'All Africa.com' and their latest story is dtd 10/20. In light of the story you posted I find it interesting they haven't updated their's. They need to get the election done soon.
I believe the elections will be held in 2 or 3 days.
The core of the F2 Zone will be pierced by tunneling the end of this month. What do you think photos of gold encrusted walls will do to the sp then?
Want to own the company? Buy all the outstanding shares for a pittance. I wonder what the actual float is?
Thanks for posting those vids, Bob.
The TA bible probably favors a correction to fill the gap, but when substantial news fundamentally changes a company's value going forward you can throw the rules out the window. The only way this gap will fill is in an across the board market drop. Everybody is expecting inflation to heat up which will drive up commodities including oil. NSAI released big reserve figures in a timing move which surprised almost everyone, and that those figures only represented a portion of the concession is driving buying excitement. Couple that with 3-D results, deal-making, and drilling within a year and investors realize that a very easy double within 12 months is being offered here. It's a steal now at the current sp, dips will only offer more attractive buying opportunities.
Personally, I don't see the gap filling.
Cool news release. There should be a lot of visible gold once they break into the High Grade Corridor. It would be neat if they post photos.
Seems to me that there is a concerted effort to hold ALL the mmj companies down, regardless of the merits of the company. I also think that CBIS will be the lead company to take this sector higher later this year. I believe Melamede and company to be smart enough with the necessary integrity and honesty to make this into a thriving, rapidly growing company. With a low float, news of product testing will drive this much higher.
This is pretty weak news to me. A stock broker/real estate investor for a board position? Right now? Why not someone experienced in precious metals production?
I'm seeing red flags with SFMI that I'm not comfortable with. This appointment is just one more. And judging from the sp, I'm not the only one who feels this way.
The trick in playing these OTC companies is to recognize good buy prices. The whole MMJ sector has softened recently and CBIS was not immune to the effects. As you mention there MAY be a little more weakness in the very near term, but I don't expect to see much more of a dip with CBIS. I think this company is the horse to ride right now in the MMJ field. This is so much more than just a dispensary based company. It is just about the only pharma company developing cannabinoid based drugs. Melamede and company are bound to come up with some interesting products. That plus the low share structure has the very real potential to drive this stock price much higher.
The current sp is a gift. I'm a buyer at this price - and am strongly recommending it to others.
I posted someone else's DD, as I noted in the post. After your post I DID go read the filing and have discovered the following:
"On September 14, 2007, we acquired an interest in 174.82 acres of land on War Eagle Mountain in Idaho from two of our major shareholders for a total of 90,000,000 shares of our common stock. We acquired a 100% interest in 103 acres, and a 29.166% interest in 71.82 acres. In 2007, we also acquired 70 lease claims on War Eagle Mountain from the U.S. Bureau of Land Management, each of which covers approximately 20 acres, or approximately 1,400 acres in total. In 2008, we decided not to renew 26 of the lease claims after we concluded that the land underlying the lease claims was not necessary to mine the area."
So, it appears that Silver Falcon has the lease rights to mine 983.72 acres in which they hold 100% of the rights. They have a 29.166% interest in a remaining 71.82 acres.
What I would like is assurance that the Sinker Tunner is situated beneath their 100% owned leases. Is there any public plat anywhere which lays out the SFMI leasehold interests? A lease covering a disjointed 983.72 acres isn't really very much area unless it is laid out along the strike of a vein. Another question is whether SFMI has 100% interest in the tailings pile they are removing from the mountain to their mill operation.
I'm really not trying to cause any trouble here and I think a positive clarification of these concerns could help unlock the share price and let it run, or at least get tens of thousands of my dollars into it. All it would take is a lawsuit and injunction by one of the unleased interest owners and the party is over ..... at least for a while.
I totally agree, wplong89 ... snag 'em cheap. Keep in mind that in a couple weeks, at the price right now, the sp will be .045/share. I'm sure this is a company in the right place at the right time and they will be moving forward with income and a stream of PR's. Do you really think the sp will stay at .045 cents for long? More like well over .10 and running. Compare to MJNA with 220M shares outstanding and trading at .17 now. CMSI income and business model is much more advanced and structured than MJNA.
This company could become the leader in the burgeoning medical marijuana field and reap those benefits. This truly could be that very rare and elusive 'retirement stock'.
My concern has always been the lease.
SFMI is leasing from only a small % owner of the patented mining claims.
How can GHDC, which has only a 29.166% interest in those claims, lease out those claims when according the SEC registration they have no agreement with the other 70.834% owner(s) to do so?
Consider this quote from a GHDC filing: http://sec.gov/Archives/edgar/data/1...808form10a.htm
Quote:
We only own a 29.166% undivided interest in 71.82 acres of land on War Eagle Mountain. Under Idaho law, we are required to pay the other joint tenant owners of the land their pro rata share of any revenues we derive from minerals extracted from their property, less operating costs we incur. We do not have any formal agreement with the majority owners of the 71.82 acres of land on War Eagle Mountain regarding the allocation of revenues between 71.82 acres in which they have an interest and the other acreage we own or lease on War Eagle Mountain, or the determination and allocation of costs properly chargeable against revenues allocated to their interests. Accordingly, there is a possibility that we may get into disputes with the majority owners of the 71.82 acres of land on War Eagle Mountain, which could adversely affect our profitability.
Here is an excerpt from the lease, which does not include the interests of the 70.834% majority owner(s): http://sec.gov/Archives/edgar/data/1...0377/ex103.htm
Quote:
THIS LEASE is made as the 11th day of October, 2007 by and between GoldCorp Holdings Co. (“Lessor”) and Silver Falcon Mining, Inc. (“Lessee”).
1.
Description of Leased Premises. The premises covered by this Lease is all right, title and interest of the Lessor to any land owned or leased by Lessor on War Eagle Mountain in Idaho, which is more specifically described in the legal description attached hereto as Exhibit A.
This excerpt from a SFMI filing shows that they don't even know who all the majority owners are: http://sec.gov/Archives/edgar/data/1...09form10a2.htm
Quote:
Goldcorp is not the sole owner of seven of the patented claims that we lease from Goldcorp, and instead owns only 29.166% of the claims. The remaining 70.834% of the patented claims are owned by a large number of descendants of the original parties that obtained the patent rights to the mining claims. We* are in the process of trying to identify and acquire the remainder of ownership of these mining claims.
GHDC and SFMI can be looked at as one entity, from the standpoint of the majority owners. Just because they split the entity into two, and the left hand makes a lease with the right hand, does not mean GHDC and SFMI can cheat the majority owners out of the 70.834% of the overall ** net profits from the property that they are entitled to as a joint owner under Idaho law.
*It appears that "We" refers to GHDC, even though this is in a SFMI filing.
**Between the two, they have only acknowledged that GHDC will share part of its royalty with the majority owners; they ignore the potential liability that SFMI has to the majority owners for the rest of the 70.834% of the net profits from the mining activities.
(Credit for this DD goes to dz20854 on another board)
Nope, but I almost dropped my teeth when I saw it. I had just sold several thousand shares then it rocketed up immediately by .50 or so. Crashed right back down on the open, and then some.
I'm in at .03 today. Now time for some deeper DD before I back up the truck.
Ya gotta love Rubicon. Almost all gold companies report drill results in grams/ton. RBY reports them in OUNCES PER TON!!
This, coupled with San Gold, will be the TOP PERFORMING GOLD STOCKS OF THE DECADE! I promise.