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I can't imagine they don't believe they have a very positive story to tell at the Show. Otherwise they'd be making fools of themselves.
GGI is still holding approx. 3.5 million shares of Paramount ... down from 6 million.
They are judiciously selling off PZG to fund their own exploration process. This allows them to keep the OS shares low.
Right now, the SP is less than the value of the PZG stock holding ... all the properties and exloration work done to date are freebies.
This stock is a bargain.
That's about all I can figure
I added to my position at $13.08 ... don't think I'll be sorry with that.
Wherefore are thou now, BartonTim?
http://docs.justia.com/cases/federal/district-courts/nevada/nvdce/2:2011cv01816/84360/29/0.pdf?ts=1342101433
If Tara Management is so bad ...
How did they go from nothing to owning great properties?
Dumb luck, eh?
While everyone eagerly awaits the relisting of TRGD ...
I think the #1 objective is to start generating cash flow.
And that probably lies in the iron ore projects.
For a worthless unlisted piece of paper with nothing but worthless assets...
I think .15 is very generous and you should jump on that fool! LOL
(0)(-)
So let me understand your logic.
There are thousands companies that voluntarily chose to become privately held companies.
In your opinion, when that happens, all the Corporate assets evaporate into thin air?
You need to go back to Econ 101.
Whether TRGD is listed or not, the assets belong to the shareholders and if they are disposed of, compensation is due to the shareholders in one form or another.
One way or the other, in an unknown time frame, we will get closure.
First, we need to get the Yamana deal closed. There was a tax lien on the Picacho property ... that will be lifted soon. After that, the first tranche of money will come from Yamana.
After that, I'm sure our Management will be looking to move on cash generating projects ASAP. I expect that will expedite the iron ore projects ... little investment, ready demand.
Not that you ever had any but ... keep the faith!
Now that the Yamana deal is all but done ...
We are likely days away from money in the bank.
Let's see if Tara is more open to what is in store then.
Whether listed or not ...
Assets are assets. And one way or the other, they are owned by the TRGD shareholders.
I don't know if you hold stocks in private companies ... I do.
I expect to see a distribution of TARM shares to TRGD shareholders leaving La Currita as the last asset owned by TRGD. Whether TRGD gets relisted or not doesn't mean La Currita goes away.
Now that the Picacho deal is all but done, TARM and TRGD don't look so finanically desperate and perhaps realistic offers will come in for La Currita.
As an aside ...
Paramount released additional assays on their Don Ese property next to Palmarejo (Coeur d'Alene.) Similar to previous assays, the grades and intercepts were outstanding.
The important note here for TRGD is our La Currita property is literally meters away from Don Ese. You could throw a rock to our property. While we are not drilling La Currita at this time, we don't need to in order to see significant asset appreciation.
Sooner or later, we'll find an interested buyer. May be Paramount or Coeur d'Alene or another party. Either way, it certainly can't hurt the valuation of the TRGD property.
Long proponent and newsletter writer, Ron Struthers, had an excellent write up on PZG last night citing the recent high grades at Don Ese and recent purchase on the market of 100k by the Pres. Cris Crupi.
With significant projects in Mexico and Nevada ... PZG is certainly worth holding.
I think everyone who had called Rich Biscan and David Barefoot derrogatory names should man up and publically apologize.
But I doubt they will.
Congrats to TARM Mgmt. ... can TRGD be far behind?
Karl
Low grade tailings can be very profitable as there's virtually no cost of mining. The tailings are above ground and usually all that's required is to regrind the tailings and take thenm through the mill. Cheap to do and profitable.
Have you found an Attorney willing to work Pro Bono yet, Tim?
14.4k shares isn't exactly a mass exodus.
Some are confused NRs aren't being posted on TRGD's site ... may be a restriction due to the delisting. Don't know.
In any event ... good time to add to your position.
Great article. Thanks.
Looks like Tara's expansion into iron ore is very fortuitous!
Has anyone told you you color inside the lines beautifully?
This NR indicates Tara is continuing with business as usual. Anytime you deal with Govt. bureaucrats ... everyting is measured with a slow watch.
I've heard projections the iron ore could produce from $45k to $90k per day.
That would put a smil on my face.
I'm a buyer today of TARM.
I think if the 43-101 doesn't come close to 40-50 million oz. ... someone's going to jail.
Thaqt's an unbelieveable number. I thought even 10-12 million was unbelieveable.
I'm very surprised they didn't disclose this number to the recent tour participants who included Chen Len.
Is the Conf. Call on their website?
Somehow, I just knew you'd find a negative in here somewhere. LOL
"Mr. Biscuit" has pulled off a major deal that's going to bring great benefit to the "cult" of Tara believers.
And this is the first of several. I'd expect the Yamana deal to be signed soon also.
I think Tara has found their niche: Find, Acquire and JV the projects.
I'm certainly glad I stuck around for the ride.
Now you know why they call lawyers, "Deal Killers"
That being said, I have no reason to think Picacho won't go through.
I think Tara disclosed they were going to BOTH appeal the old censure AND file for a new registration. There's nothing that says you can't do that.
By filing a new registration, you only have to provide 2 years of doccumentation regarding the company's history. That gets rid of all the nonsense about non-filings of quarters years ago.
When logic fails ... name calling prevails!
They convinced me!
NOT TO SUBSCRIBE TO THEIR NEWSLETTER!
Clearly these people don't understand fully the concept of LEVERAGE.
Sure you can buy pysical metals and probably keep up with inflation.
You can buy into ETFs and wonder if you'll ever get your money back as they only have a fraction of metals to cover the buy ins.
Or you can take some risk coupled with due diligence and intelligence to invest in high potential jr. resource companies.
I can look at my portfolio including GCU, AG, GORO, TARM and others and see gains from 400 to 1200%
I'll stay with stocks, thank you.
Good reason to keep your metals outside the US ...
That is IF you have any metals.
What percentage of 392 billion to 14 trillion in debt.
I get so confused by all those zeroes! LOL
But it doesn't seem like much.
I knew someone would crystalize my "back of a napkin" calculations.
Thank you.
I was trying to figure this out on the back of a napkin.
If I were to buy 10k shares of TRGD for $.45 ... It would cost me $4500.
I think the distribution plan is 1 TARM for each 2.5 TRGD So I would receive 4,000 shares of TARM. 1/8 of the TARM shares have already been distributed, so that would mean I'd get 3500 shares of TARM.
If we expect TARM to go to $2, I'm getting $7,000 of TARM for my $4500 investment in TRGD. And I'd still own the 10,000 shares of TRGD for whatever they're worth.
If TRGD is reduced in value by the TARM distribution, and I sold it, then I would likely have a capital loss in the stock and I would have rolled the value over into TARM which I could hold for long term capital gains.
Any thoughts here?
I think that initial Agreement with Hanlon may be subject to extension as Hanlon's interest expands beyond Don Ramon.
There's a squabble between Coeur d'Alene and Paramount. CDE says PZG has drilled on their property.
After some analysis, Paramount has agreed one hole was started on CDE property but didn't hit any mineralization until it was on PZG's property.
During this mini-battle, PZG produced a map with very specific locators arrived at through triangulation, validating their drill locations.
Interestingly enough, La Currita did not appear on the PZG map. Further, there's no map on the TRGD site. I'm sure its there somewhere! LOL I even contacted PZG asking about La Currita on the map ... no response to date.
I understand La Currita is a very small piece of property and TRGD has been contacted by various mining companies (including CDE and PZG) interested in making a proposal on development. I guess we'll see.
Just because TRGD is going to distribute shares owned to its shareholders doesn't change the amount of O/S shares of TARM or the value of TARM. I don't think there was much built into the price of TARM for the proposed merger.
Who knows, we may see this happen again when La Camera is merged into Cayden and Cayden becomes listed?
Since the initial merger announcement, several milestones have occured that dramatically alter the origiinal 2:1 proposal.
Tara Gold has become potentially much higher in valuation with the development of the drill results by Paramount which is a near 100% indication of the vein running through La Currita, a 100% owned property of Tara Gold.
Further, with La Camera and NWM coming back to life, there's no telling how much value they bring to TRGD.
On the other hand, Tara Minerals has done a major deal with Yamana and has several other deals in the works for properties owned by TARM.
Given the dynamics of both entities, the 2:1 proposal not only became too fluid, it has become impossible to recompute a different ratio in the short term. The fast moving efforts to do JV projects has become the new business model on exisiting and I'm sure new acquisitions.
All in all, I'd say a decoupling is the most logical thing to do so TRGD and TARM can find their own equilibrium.
Just my opinion.
Couldn't agree more!
TARM is retrenching back into a JV modus operandi.
And that's a very good thing, IMO. We've found out doing physical operations isn't our forte. That doesn't mean the resource or the Don Ramon mill we built has gone away. It just means someone else with more production expertise needs to be the operator.
Our Management seems to be very good at ferreting out good prospective projects and acquiring them. Not an easy task in Mexico given many of these have been held in families for multiple decades.
I think we're going to see several announcements on JVs on our current properties and more announcements on new acquisitions with the focus on finding JVs for those new properties.
Hope you covered.
How did all your shorting FRG work out?
The day for some on here to EAT CROW has arrived!
For those who have called Tara a scam or worse, called our President a liar and worse, disrespected him by denigrating his last name ...
EAT CROW SUCKERS!
Do you know how often a Jr. Resource company pulls off a JV with a major mining company? Do you have any appreciation for the negotiating skills it takes to swing a deal with someone like Yamana that's good for about $20 million in cash and exploration?
I just hope to hell you sold your stock and missed a big one.
With cash in pocket, look for more great deals coming from Tara!
Karl
TALK IS CHEAP ... CONSEQUENCES AREN'T!
Farallon looking to collect $425,000 defamation award
Ticker Symbol: C:FAN
Farallon looking to collect $425,000 defamation award
Farallon Mining Ltd (C:FAN)
Shares Issued 478,154,017
Last Close 1/13/2011 $0.79
Friday January 14 2011 - Street Wire
by Mike Caswell
Farallon Mining Ltd. is still trying to collect the $425,000 defamation decision that it won against Stockhouse poster Robert Butler 10 months ago. In an application filed in the Supreme Court of British Columbia on Dec. 17, 2010, the company has asked for an order compelling Mr. Butler to come to Vancouver to explain why he has not paid any of the judgment. The company says it was unable to find Mr. Butler at his residence in Mexico, and now believes that he is in Bellis, Alta., a small town northeast of Edmonton.
On March 30, 2010, Farallon won a $425,000 order against Mr. Butler for posts that appeared in Stockhouse in 2003 and 2004. Farallon claimed that the posts referred to the company and its management as liars, thieves or crooks, usually in connection with the acquisition of the Campo Morado property in Mexico. The decision was a victory by default, as Mr. Butler did not oppose the order.
Since then, Farallon has been attempting to collect the money. On June 16, 2010, it secured a court order directing that Mr. Butler attend an examination to be done by Farallon's lawyer on Oct. 16, 2010, in Vancouver. The judge ordered Mr. Butler to present documents showing his debts, his income and property, and any means he had to satisfy the judgment.
According to Farallon's Dec. 17 application, it was unable to find Mr. Butler to serve him with the examination order. The company tried his residence in Mexico (previously disclosed as being in Cabo San Lucas), but could not find him. It has since learned that he is living in Bellis, where it will presumably try to serve him again. Farallon has asked that the judge reschedule the examination for Feb. 28, 2010 (it likely means 2011).
In addition to the examination order, Farallon has filed a separate application asking that the judge fine or jail Mr. Butler for wilfully disobeying a court order which directed that he pay $8,416 in special costs for a hearing that the judge delayed at his request. The court assessed the costs on April 14, 2010, and Mr. Butler has not paid them, the application states.
Farallon's claim
Farallon initially sued Mr. Butler on Oct. 5, 2004, claiming that he wrote several posts in Stockhouse in 2003 and 2004 under the alias "BTaffy." The plaintiffs included Farallon's management company, Hunter Dickinson Inc., and its president, Ronald Thiessen.
Mr. Butler started posting the defamatory material around July, 2003, according to the claim. He referred to Hunter Dickinson as having been involved in "ongoing criminal activities" and accused it of pumping and dumping Farallon. In a Nov. 10, 2003, post, he said that Hunter Dickinson had spent money on "crooked, illegal manipulation of the courts in both Mexico and Nevada." The same day, he said that Hunter Dickinson and Farallon are "crooks, liars and thieves." Another post, dated April 2, 2004, read: "There was a lot of grease being spread around [in Mexico]. All of it being paid for with your hard earned dollars and spent by H&D to keep their butts out of jail." That post meant that Farallon had bribed Mexican authorities to avoid prosecution for criminal activities, the suit claimed.
Some of the posts, as described in the suit, made direct accusations against Mr. Thiessen. One, dated July 16, 2004, said that Mr. Thiessen was part of a "house of thieves." Another post, written three days later, stated that Mr. Thiessen stole public money and wasted it in "a decade of international criminal activities." Other posts called him "a poor excuse for a human being" and a "proven and continual liar."
Farallon's lawyer wrote a letter to Mr. Butler on Sept. 20, 2004, demanding that he apologize and stop posting immediately. Four days later, Mr. Butler authored another message stating that he would "continue to publicly post ... the truthful facts." The post referred to the language of Farallon's letter, the suit stated.
According to the suit, Mr. Butler knew the information in his posts was false when he wrote it. His intention in writing the messages was to damage the company's reputation, which he succeeded in doing, the suit stated. Farallon sought damages for libel, a permanent injunction preventing future posts, punitive damages and costs. The company's lawyer is Joel Hill of Hakemi & Company.
Damages order
The case was dormant from 2006 until Jan. 12, 2010, when Farallon applied for an order setting damages against Mr. Butler at $900,000. Mr. Butler secured a five-week delay in the matter after filing a "Request for Adjournment of Summary Judgemnt Hearing," but he did not appear at the eventual hearing held on March 30, 2010. On that day, Supreme Court Justice Catherine Wedge ordered Mr. Butler to pay $100,000 to Farallon, $100,000 to Hunter Dickinson and $225,000 to Mr. Thiessen. She also restrained him from publishing any defamatory statements referring to Farallon, Hunter Dickinson or Mr. Thiessen.
Other Farallon suits
Farallon's suit against Mr. Butler is one of three that the company has launched in B.C. against Stockhouse posters. On Sept. 1, 2009, the company sued Australian poker player David St. Eloi. He wrote 32 posts on Stockhouse that called the company "the biggest scam since bre-x," among other things. Mr. St. Eloi denies any wrongdoing, and says that the case should be dismissed because Farallon has a history of using lawsuits to silence critics.
The other suit is against Edmonton residents Ronald and Donna Arnold. They posted on Stockhouse under the alias "Stonecut," and falsely accused Farallon of stealing Campo Morado, the company says. Mr. Arnold has admitted to creating the posts, but denies that they are defamatory. That case has not yet been to trial.
? 2011 Canjex Publishing Ltd.
This is my last post on this subject.
There are right ways and wrong ways to denigratge someone you don't agree with.
Its like the difference between playing a public golf course and a private country club.
Sorry if you don't get the analogy.
Hmmmmm
My first private placement came with AMRS Certs.
And I first became acquainted with Rich as a participant on Silicon Investor and Compuserve S10.
Maybe you were changing his diapers.
All I'm sayin if you're going to denigrate someone ... do it with a little class.
But that may be beyond you.
Making an abberation of someone's last name is about as low a form of humor as you can get.
I don't care if you want to denigrate the company for your supposed past grievances ... but why can't you use some intelligence and not be calling names? (i.e. liar)
I have a motto about the internet and message boards such as this one:
Anonymity Breeds A**holes!
You notice I always post under my real name. In 15 years, I've never regretted it.