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The new management is following through. Read all of the PRs and the reports. Read the corporate structure they set. I think you will be suprised and impressed. We should see some bulk sample results soon to boot.
I look forward to proving you wrong in the up and comming months. Stay tuned and watch DKGR succeed in 2008.
Samples are not in from what I hear. They should be in next week. IMO. BA
DKGR will succeed in 2008!
It is something I heard not read. How can I have a link for something I HEARD, lol
ALS is backed up from what I hear but the results should come next week sometime IMO
Precious metals are at record highs, I'm sure all the mining operations are taking advantage of the properties available and bulk sampling them.
I think Georgia will be a solid property base don the hand samples that we got back. I agree, last chance for him but I know when DKGR goes into production, a whole new world of investors will open up. Thats what I am here for, production or bust. I think we will see production.
Everything depends on the bulk samples. This has been stated to death here. Good bulk samples and DKGR is good to go. Bad samples and we all analyze our sitiation and make our own decisions.
Gold should reach between $3,000 and $5,000 per ounce. We should be in production by mid summer.
http://goldsilver.com/video_player.php?video_id=17&cat_id=2&ss=4031b7e3433d9073d714d3383be28015
Silver will crack above $20.00 real soon. I think Bill Murphy was right. These metals are shorted to death.
This is a fundamental investment. A company actually doing something. Production here we come!
Very well said Cork! The educated investors know what we have here. Production will come sooner then later.
Goldin is correct. I have called Georgia and I have called DKGR management. I have done research on Georgias history. The only thing I see from you are posting Americanbulls scam sites which you use as DD and Press Releases. Other then that your DD is VERY limited at best. See you at the finish line.
DKGR will succeed in 2008.
No one is selling on us. Other people have better things to do instead of posting on this board. I am just passing some time while my wife gets ready to go to dinner.
American Bulls is one of the biggest scam site on the net. Their signals are one day late. So trading based on their signals is going to cost you always.
The SEC will laugh at him, lol
DKGR will succeed in 2008.
All in due time MC. Bulk samples will be key.
Silver is breaking into new highs. I'm sure you will see many BIG miners start to re-evaluate old mines that wern't so profitable that they dropped and now with higher prices they become extremely profitable. Many junior miners like DKGR can be in prime positions by acquiring these past lands and properties.
Very well said goldin2008. Again, it is nice to have educated people posting here. Keep up the great work.
Management is paying the DKGR bills with their own monies as Clayton Smith has went on record to saying. The company has no cash flows yet so management is trading their cash for shares. I think it is a STRONG testament to their belief that DKGR will succeed in 2008.
The REDUCED share structure has already been updated in Nevada!
Drake Gold Resources, Inc. Announces Decrease of Both Authorized and Outstanding Shares
Monday November 26, 10:45 am ET
Drake Gold Resources Continues Its Campaign to Strengthen the Architecture of the Company With the Completion of an AS/OS Share Reduction
PORTLAND, OR--(MARKET WIRE)--Nov 26, 2007 -- Drake Gold Resources (Other OTC:DKGR.PK - News), with the help of company President John Marconette and CFO Thomas Conar, has undertaken a comprehensive plan to develop a strong corporate structure.
The first step of this plan, bringing up to date current filings and becoming a "current information provider," was completed recently (See PR of 11/20/07). We are now pleased to announce to our shareholders our second step: a decrease of both authorized and outstanding shares of Drake Gold Resources, Inc.
The Outstanding Shares has been decreased from 878,156,800 shares to 808,156,800 shares. (An additional 20-million share cancelation will follow pending paperwork finalization.)
The Authorized Shares has been decreased from 1,401,500,000 to 950,000,000 (900M common, 50M preferred.)
"Very few start-up companies are willing to demonstrate the kind of responsibility needed toward forming a solid share structure. I am proud to say Drake Gold Resources is one of them," said President John Marconette. "We will be sending a message to the market that we are serious in our mining aspirations and our intentions are to set the bar higher than any other company currently trading over the counter."
ABOUT DRAKE GOLD RESOURCES, INC.
Drake Gold Resources, Inc. is in the midst of creating a diversified natural-resource holding company, with a portfolio of precious and industrial metal-producing mines, as well as the creation of an oil/gas subsidiary.
Diversification, as well as innovative exploration tactics, are part of an overall strategic plan being carried out by the company's formidable team of natural-resource development executives. Diversification plans include the development of gas, oil, gold, silver, and industrial-metal producing projects. For further information about Drake Gold Resources please visit our website at http://www.DrakeGold.com.
Over 95% of investors don't read the public message boards. These boards are meant for entertainment not education. The educated investors here on IHUB who entertain themselves have already made up their minds on DKGR and bought shares. The price per share won't go down much further in my opinion. The Float is thinly traded as we have seen before so with anything pertaining to positive bulk samples it will move us up in the right direction.
Sorry to break your heart but 100K sell does not count for mad selling, lol I have my buys in trust me on this. Sample results will come back and the final process will be underway. Mid Summer DKGR shareholders will make money and a lot of it.
The answer is it is called normal trading. Look at the daily volume and it tells the story. No dilution, no insider selling. Instead of posting on a messageboard firing blanks, take the time to educate yourself on the market you feel you need to trade.
The DKGR ad is on one of the 4 middle rotating signs on the home page. You may have to refresh the page a few times. Kitco does alot of business with all the major mining companies across the globe. Keep refreshing the page every 15 secs or so.
Thank you sir! Glad to have you on board here. You add a tremendous wealth of knowledge here. Welcome!
There were some nice buys today at .004!
DKGR will succeed in 2008!
I would like to see if they took any pictures of the trenching when they went down there. I think if we can see some discoloration on the property, we can tell if there are quartz veins that would signal gold deposits. I understand silver sampling is a little different but the method and order is the same. Correct me if I am wrong. I am glad to have you as a independent observer here. You seem very knowledgable in the area. I will be awaiting sample results myself.
DKGR will succeed in 2008
Watch the link below. This will give you a great idea on what is transpiring with gold. DKGR might have got the timing right to enter this market with such a gold rich property.
Posted by: Montanore
In reply to: None Date:2/10/2008 2:30:35 PM
Post #of 18272
Those who think gold suppression by the central banks isn't happening should examine the abundant evidence. It's not just a conspiracy theory, it's blatant manipulation. Gold is a coiled spring that has been held down for years and it won't be held down much longer. We're just about ready for liftoff. Watch the Bill Murphy interview. Gold should reach between $3,000 and $5,000 per ounce. Easily. What do you think that would do to the price of DKGR?
http://goldsilver.com/video_player.php?video_id=17&cat_id=2&ss=4031b7e3433d9073d714d3383be28015
Gold will go to over $1,000 per ounce soon!
You said Drake doesn't have a bank account. DKGR does HAVE a account. So your comment is false and Mis-leading based on inadequate DD. Just cause they "don't" have money in the account at the time of the filing, it doesn't mean they don't have a bank account nor money in it to run the business throughout the quarter.
Check-mate! BOO! DKGR will secceed in 2008.
Just having fun on here entertaining the kids, lol DKGR will be fine. Final stages have come upon us now and the company is working hard to make this come to fruition.
Those are not facts, lol. Call Clayton and find out. Medchal is the same person who posted that financials were due on Feb 15th which was wrong. He was mis-informing investors without doing any DD like always. I called Pinksheets CEO Chris Grant and DKGR has until march 31st. I am just humoring Medchal and giving him something to post about. I would hate for him to pull a muscle stretching.
I don't really care about bank accounts at this point. Show me the results and gold and then I will care. DKGR is going into production whether you like it or not. You just need to realize it
This is a joint venture partnership. SME has the money and DKGR will be doing the opertations. When gold starts to be extracted then they can tackle those details. When gold comes out which will be soon then I will ask those questions but DKGR managament is usually three steps ahead anyway.
That doesn't matter to me one bit. What matters is that Gold is going to be extracted. They are in the final stages of going into production after these bulk samples results come in. We all know that SME is funding the operations not DKGR. So I don't care what DKGR has in the bank account "Yet."
If you look at President John Marconette business plan it states it plain as day. First the hand samples are taken to give a indication on what type of metals are on the property. (ie, gold, silver, copper and so on) Once those results come back from the lab, the decision is made to take the next logical step which is trench samples/bulk samples. These samples are taken on different areas of the property all the way to the bedrock and sampled to verify if the gold or other metals are in a high enough concentrate to justify going into production. DKGR took those samples 2 weeks ago and they are still waiting on these samples to come back from the lab but they should be in any day now. Once those samples come back and based on those samples results, the company will decide what property would be the best area to start production. This is where the permitting process will start. DKGR has already sent for the application and they are awaiting the bulk sample results to come back to determin the area they will apply for. Once those samples come in and get PR'd which should be in a few weeks, they will fill out the application for the area they intend to start in. It is as simple as that.
This is one of the most structured companies I have ever been a part of. DKGR is in the final stages of this process. They seem to have all their ducks in a row and production is only a matter of time.
As long as gold is being extracted it can be added as assets in the books. To me that is mor eimportant then the refiners right now. There are plenty of refiners out there DKGR can use. Lets get the Gold on the balance sheet.
People are noticing this stock and many are watching it to see if it comes to fruition with permits and production. All in due time.
Very well said and I believe a 10 bagger here will come with production. The longs in DKGR are seem very educated and are accumulating shares. This stock is thinly traded and even with this silent period it seems to be holding nicely.
As long as gold is being extracted, the gold will go on the books and on the balance sheet as a asset that can be borrowed against. I'm sure DKGR management is 3 steps ahead of us all.