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I can't put into words how much I feel for you! It's sad to see that you, who have been shareholders for decades, are as helpless and defenceless as I am! There would be a small glimmer of hope if ITRO's management would really pull the levers: in view of the disaster surrounding Victoria Gold, beat the drum that an impending environmental catastrophe could not have happened if the Rock-Clean System had been used...
Greetings Chipaway & Doorcounty!
I'm in the same situation as you, I invested my first money in this stock long before the reverse split in 2008. Since then I've gradually built up my position, but was blinded - not enough to sell - when the price skyrocketed in early 2021.
I would also be in favour of asking Mr Whitney to step down and replace him with someone who has less vested interests but more sense of commercial success. However, I would first seek a revaluation of the old shares rather than investing fresh money in Itro's new activities. I am also convinced that nobody would really get in unless they see a serious restoration of the fundamental value of the old shares.
From latest Itronics Update:
The Company plans to restart pilot scale circuit board refining operations in 2024…
Maybe they should get into cheese making ... it seems to be profitable ..
https://newatlas.com/materials/gold-electronic-waste/
Finally a sign of life again!
Any of you read and analysed this rather detailed investors update from Itronics?
All I see in it is crowdfunding, raising money ... etc.
As an shareholder in this company, I'm wondering if my existing shares will regain their value,
or some value, or if everything will be done through newly funded subsidiaries,
i.e. procurement of new funds against the issue of new shares ...?
"When the time has come when there is technologies available for mining companies to
cleanup their environmental contamination at a profit. ..."
I believe that not only that, but also, as you write, a certain amount of pressure must be exerted by the authorities, pressure to avoid further environmental damage, pressure, possibly with subsidies as a lure, to clean up contaminated sites where necessary. The increasingly expensive and problematic extraction of sands is playing an ever greater role in financial considerations!
I see this as an immense opportunity that needs to be utilised!
Itronic's plan to reduce the global shortage of construction sand could come at just the right time
https://fb.watch/pca3jhnWgU/
Yes, finally there is a sign of life:
Itronics Rock Kleen Secures Representative Agent in Australasia – Provides Solution to Growing Sand Scarcity
https://portal.sina.com.hk/finance/finance-globenewswire/globenewswire/2023/12/05/657220/itronics-rock-kleen-secures-representative-agent-in-australasia-provides-solution-to-growing-sand-scarcity/
Complete mismanagement in my opinion. Dr. Whitney should have handed the reigns over …
That was what I meant by my posting of 07/10/23, if there weren't ways to accomplish this together:
There are supposed to be certain possibilities if you can get 10% of the shareholders together for a small revolt ...
That is a big part of ITRO's business model
I wish they would not only look for investors with such an idea, but would go into production with the propagated test runs already carried out at companies!
Unfortunately, almost all of their great ideas, which they had tackled with a lot of publicity, had got stuck in so-called test phases,
and again test phases, and again ...!
It is well known that competition is unwelcome. But if the quality of Gold'n Grow is supposed to be so unique, the individual managers should actually want to include the product in their range without much persuasion!
Even their recently promising "New Rock Clean Technology" is not bringing in any money, although various mining companies are reportedly keen to buy it ...
Perhaps the emerging shortage of sand will be a gamechanger, where cleaned mine tailings could serve as an alternative.
Many thanks for your message from me too!
I find it strange that with the "new Rock Kleen technology" and the breakthrough of the "GOLD'n GRO multi-nutrient liquid fertiliser", which were highly praised last year, they suddenly have no money in hand. And that despite production facilities and the Wabuska expansion just short time ago purchased for 1.6 million, they can't even raise the money for a proper SEC report ...
What have they gambled on?
As you write, the Fertiliser story still seems to offer some hope ... but the sales are down ...
The Californian almond yields are good, so what's the problem with ITRO's Gold'n Grow sales, which wanted to establish itself strongly there and thus achieve an upswing?
With all the unfortunately unfavourable events, especially around Desert Hawk, it is positive to see that they are apparently continuing to produce.
So things could pick up again if they recover. And, if not, the substance of CFTN will remain intact and the mining rights will return to CFTN ...
which is not a bad thing.
Me too ...
Is there no legal way to get them to make a definitive statement? For some, a decision could have financial consequences, whether to write off the securities for tax purposes this year, or to keep them if there is still hope.
As you wrote earlier, you had e-mail contact with ITRO-management. Are there any sign of life from them, even recently?
There are supposed to be certain possibilities if you can get 10% of the shareholders together for a small revolt ... turn up the dimmer instead of letting your invested money go bust!
Aren't any of you near Reno to see if anyone is still working in the shop? What about the manufacturing facility at Wabuska, Nevada? What about theirGOLD'nGRO Multi-Nutrient Liquid Fertilizers business?
Is there a light on somewhere?
I don't want to throw in the towel that quickly!
It is truly frustrating, but these are assumptions that are not backed up with solid information.
Isn't there anyone out there who really knows what is going on, what the status of pending or even overdue SEC filings is?
Isn't there anyone who would have direct contact to get clear signs?
The trading volume yesterday was 385 thousand compared to 14 thousand, the average volume! This is huge, it is 27 times the average!
This is enormous and shows that this stock is getting into the interest of more serious investors!
However, again disappointing is that the management does not think it necessary on the CFTN homepage, the real mouthpiece of the company, to bring this pleasing news!
Good times are ahead, finally the BLM permit for Desert Hawk Gold has been issued:
On December 22, 2022, the United States Department of the Interior, Bureau of Land Management, Salt Lake Field Office, conditionally approved the company's amended plan of operations for the Kiewit Mine.
https://www.sec.gov/Archives/edgar/data/1168081/000121390023001137/ea171312-8k_deserthawk.htm
Desert Hawk Gold can now work on doubling or even tripling their production, which in normal times was about 250 ounces of gold and also 250 ounces of silver per month. At that time, CFTN was around 20 Ct ... so the path is paved, it should at least double even it could triple, especially with the current positive trend in precious metals.
Thank you, happy new year to you too! Let us hope for a resurrection soon!
I assume because he hoped for investors who would have stupidly entered their sell order without limit ...
The company itself seems to believe in ITRO, and hoped á la long to make a healthy profit.
Thank you for the answer! Too bad you could not get more detailed information from direct contact!
The ridiculous offer of "Alternative Liquidity" I had probably noticed, without knowing them, I feel them as vultures ... who tried to get in for peanuts thick. Hardly anyone has sold them their shares. I myself also still hope that a hold out will be worth it!
https://www.marketscreener.com/quote/stock/ITRONICS-INC-120787162/news/Alternative-Liquidity-Index-Announces-Offer-to-Purchase-Shares-in-Itronics-Inc-37589862/
Thank you for the answer! Too bad you could not get more detailed information from direct contact!
The ridiculous offer of "Alternative Liquidity" I had probably noticed, without knowing them, I feel them as vultures ... who tried to get in for peanuts thick. Hardly anyone has sold them their shares. I myself also still hope that a hold out will be worth it!
https://www.marketscreener.com/quote/stock/ITRONICS-INC-120787162/news/Alternative-Liquidity-Index-Announces-Offer-to-Purchase-Shares-in-Itronics-Inc-37589862/
Re: Mr. Zen post# 23778
"The plan is for me to contact the company and get a feel for when they will get out of the current sewer they are in .."
had your call to Itronics been able to shed some light on the darkness?
Re: Mr. Harpe post# 23779
"Hoping Audit to be completed' and trading to resume in the beginning of 2023 ..."
do you have any information to support your assumption? Until now, it had been said that the SEC filings would still be made in the fall of 2022. Any news on that?
What's that interesting burp on the InvestorsHub chart?
Where is there any trading in the stock?