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million - Yes, they are moving ahead, however nothing is guaranteed. If results prove positive, it still will be years before they come into production. I am still watching, and may buy when it goes into sub-penny territory.
Update as of September 22nd, 2008
9-22-2008
From the desk of Russell Twiford, Vice President in charge of Research.
We are entertaining the idea of additional funding to a maximum of $12 million dollars, of which 8 million will be secured by land and inquart metal, gold, palladium and platinum. The balance will be used to build a state of the art research facility complete with scanning electronic microscope and x-ray diffraction capabilities, equipment to expand our production facilities and operate for a 3 year period, including all labor, etc. The funding can be raised by private placement, convertible debentures, or by loans from interested parties. However, we will need to raise some $270,000 to operate for the next 6 months, which is the estimated time we will need to arrange the maximum amount of funding we desire. We have several groups that have shown considerable interest.
In order to do the above we feel that we will need a third party certification, to prove that our process is viable and that we can and are doing exactly what we are claiming we can do, an entity or individual whose reports would be accepted by any major mining company or the industry as a whole.
PGM metals: Until we are able to process numerous tanks of palladium and platinum we can only guess, using lab assays, that we can recover in the neighborhood of 3 to 5 ounces per 1000 gallon.
In the meantime and until maximum funding is forthcoming we will continue processing gold, putting the final product into our vault at our refiners until we need it.
Using the figures that we have arrived at consistently, 1.1 ounce average per 1000 gallon tank by considerable processing of 20 and 40 gallon tanks the following numbers are a definite possibility: By processing 10-1000 gallon tanks per day for gold, (recovering 34.2 grams per tank or 342 grams daily), 5 days per week, = (1710 grams) 4 weeks per month, (6,840 grams or 219.9 oz.}= 2639.28 ounces annually) 12 months per year and based on precious metal prices as of 9/19/08, we could show a gross income of some $2,298,812.88 dollars annually from gold alone. However, to do the above we will need large amounts of gold as inquart per each tank, which we can use continually, thereby eliminating having to purchase more inquart. We will continue doing what we can do with the inquart we have now, but using only 20/40 gallon tanks.
The purity of our final gold product is from 99.8 (SEM)(Scanning Electronic Microscopy) to 99.93 (refiner’s assay) percent. This is why we need a third party certification, to prove that our numbers are in the realm of reality, 100% accurate and not a figment of our imagination.
NOTE: Barrick Gold, a major mining company has an average grade of 3.55 grams per ton in reserves from all of their 4 North American mines and their average mining cost is $541 per oz. GPGI is averaging 34.2 grams per 1000 gallon and their cost is less than $100 per ounce.
This communication to shareholders and the public contain certain forward looking statements. Actual results may vary materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated reserves, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Duketheguy - I'll sell you 100 million @ 0.01 if you are interested!!! ( I'll save the rest for future appreciation )
Taki, something is wrong - FFGO should be going up not HGLC
( or perhaps both ). Based on FFGO having an OS of 27.06238 billion shares and owning 2.14985 billion shares of HGLC, for every 12.588 shares of FFGO you get 1 free share of HGLC, therefore you get 1 free share of HGLC for $0.0012588 when you purchase 12.588 shares of FFGO at $0.0001. As of now, based on today's close, there is a net gain of $0.0017412 for every 12.588 shares of FFGO purchased or a 138+% gain. Wow!!! Better be buying FFGO!!!
So what you are saying is that we should wait and see how this plays out before we say anything - good or bad!!!
SO I left out a step. The end results were the same!
Investors who were reversed split from GWGO into FFGO, and the non-flippers who wanted to see the company succeed. Alan has received many E-Mails from many "small time" investors interested only in making a fast buck with no real concerns as to whether the company was here to stay and prosper, etc. ( In essence - non-believers )
That's how I understood what he was saying. Alan does not appreciate the people trying to make a fast buck by bad mouthing the company in order to get cheaper shares. He appreciates the longs who have supported him and the company. Everything he is doing is for the long faithful supporting shareholders ( That also includes himself & other insiders )
It really does not matter to me, I have a sufficient amount of shares for me to retire if I choose to do so ( assuming that things play out the way Alan Santini says it will. Only time & patience will be the determining factor )
You can average the cost with the original cost of the FFGO shares.
Example: $1,000/( 5Million shares of FFGO + 50Thousand shares of XYZ ) = $0.00019802 ( cost per share ( Average ))
The IRS will not refuse you money if you want to pay upfront, however if you sell for more than current value at a future date, you will owe taxes on the additional gain ( if you hold in a ROTH IRA, you will never pay taxes on any gain ). As for me, I will not pay taxes until shares are sold. ( Found confirmation in recently settled lawsuit filed by an accountant against the IRS. IRS was trying to collect taxes on full value of divi shares after being sold, but had to allow for investor's cost to be deducted )
The way I understood today's PR, the day of the announcement will be the same date as the Pay Date!!! Alan does not want to give a "quick" profit to the "flippers". IF YOU WANT SHARES, YOU BETTER BUY THEM NOW!!!
If you live in the USA, you do not pay taxes until the shares are sold as per the IRS!!!
I remember about 2 years ago, someone posted finding a stock trading at $0.15 and would be issuing a one time dividend of $1.15 in 3 weeks. The poster ( probably a newbee ) asked other board members how could a stock be issuing a $1.15 dividend and only be trading for $0.15, what is wrong with this picture?
No one responded to his question, rather they ran out, purchased shares, driving the price up to $0.75 within two days! Sometimes things are as they appear!!!
Still time to make money!!!
It's a fantastic dividend no matter how many shares one owns!!!
The stock is trading between 0.0003 & 0.0004 right now. Doesn't take much brain power to know if you buy for 0.0005, the shares will be free, plus you still will hopefully get a lot more when all is said & done.
That's a winning attitude!!!
"In three or four weeks when this all plays out" - then lets wait and sees what happens. Only then will one know what did or did not happen. ( I do not believe that 3 or 4 weeks will be sufficient time for everything to be finalized. It may take months, however we should see a few items finalized; like HGLC past due divies being delivered & perhaps GoldCo divies being delivered.
For those from the GWGO days, we may even get additional GoldCo shares from the 49% being held in trust. And trust we must, since there is no other choice. ( One can sell into the apparent rise to come, but perhaps the anticipated wait will be more than worth the so called "RISK" )
You sound like an intelligent Chap. Why would you ask for the opinions of posters you don't know! ( Especially on this Board )
I agree in theory, time will reveal all. Everything else is pure imagination.
I disagree. My take is that Goldco will be finalized; the difference is that the shareholders will receive ( A )$500 million vs. $400 million of GoldCo shares ( B ) Will receive "all" HGLC shares ( C ) Will receive remaining "other" assets & ( D ) Will be very very glad that they invested in FFGO!!!
He infers that the float "after today's trading" may have been bought up. Obviously, not everyone sold their tradable shares today, however the float could have been substancially reduced!!!
I would assume that FFGO ( Alan Santini ) was gobbling up shares today, and the per share value of GoldCo has increased for all current FFGO shareholders.
Monday could be an interesting day, assuming all details of the implied discussions in today's PR are worked out and finalized in writing. I can not imagine that a few days is enough for this sort of thing.
All I can say to the weak handed is to "SELL - SELL - SELL", I want to be a "FIRE SALE" buyer on Monday. Thanks in advance for the cheap shares!!!
Again, they were not offered $0.20!!!
The offer was $0.03 ( Three Cents )
They rejected $0.03 and said that they would not accept anything less than $0.20
"FIRE SALE"!!! Hopefully FFGO is picking up a large quantity of shares to retire at deeply discounted prices!!!
My post was in reference to the "Lie" posted to the person you responded to and all the other baloney posted & others believe without verifying!!! I'm on your side - united we stand!!!
I believe that FFGO is about to get a douse of "Miracle Grow".
That's too much trouble. It's easier to make things up, seems many believe whether it's true or not!!!
Not pumping HGLC. Go back and read my recent post. I do own some HGLC, however I own 140x's more FFGO and will not sell for awhile.
They need each other - one creates the fear and the other reacts to the fear. Which came first, the chicken or the egg ?
I believe that you are correct in a sense, however, I believe that FFGO has a greater chance of larger multiple than HGLC. Perhaps 10x's the gain in HGLC. I too plan on buying more HGLC, but I will not sell any FFGO at this time to do it.
HGLC dividen update from TD Ameritrade:
Reorganization and Dividends Monday, August 11, 2008 9:26 AM
From: "TD AMERITRADE Apex" <apexclientservices@tdameritrade.com>View contact details To: "desertdirt" <xxxxxxxxxx@xxxxx.COM>Mr. desertdirt,
Thank you for your inquiry regarding FORTRESS FINANCIAL GROUP INC and the spin off shares. The last update was that the spin off shares are still pending eligibility through the Depository with the Transfer Agent and that the Depository is actively working to resolve the discrepancy with the agent. No shares have been received at this time.
Please feel free to status for updates as needed. Once the shares are received, TD Ameritrade will update accounts accordingly.
Sincerely,
Cassie J.
Apex Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
I disagree and I am holding a substancial number of shares. I feel that there is money to be made here for all those that dare to invest!!! Only time will tell.
To paraphrase: "Proceed With Caution"
You need to go deeper like a reporter working on a story - lots of work and if you are not investing a goodly sum, quite simply not worth the trouble. It's your decision to invest or not with the minimal amount of information known.
Even the supposedly best provided information, can be 95% inaccurate. Always ask questions and be skeptical of any information someone gives you until you can verify it for yourself.
You can wait until the upcoming events unfold, if everything being presented by the company comes true, then the share price will have increased, however there will still be a great opportunity to multiply your initial investment. The choice is do I invest now at 0.0008 or at 0.01, etc.. Lets just say it goes to 0.05; at 0.0008 you increased your initial investment by a multiple of 62.5; at 0.01 you increased your initial investment by a multiple of 5. That is what you are now looking at - high risk and a higher return on your investment, lower risk and a lower return on your investment. Question is, how greedy are you???
Thanks. I personally am not concerned. Like you said, as the number of outstanding issued shares diminish thru the "Buy Back", the per share value of the dividend increases to everyone's benefit. I will be quite content to receive the "FREE" GoldCo shares, no matter what.
That is correct, assuming that the current price decline in gold will not affect the stated value. If I were GoldCo, I would "peg" the share price ratio to the value of gold on the date that the transaction is finalized. Since I do know how they arrange the transaction, I have "no clue" as to what effect the current price of gold will have on the transaction ratio.
I assume that you have at least 10 million shares as I do, and look forward to my restricted GoldCo shares, and the chance of increasing my stock portfolio with a "FREE" addition!!!
Not only that, how does this affect the GWGO shareholder shares that FFGO is holding for them ? Will GoldCo purchase the remaining 49% of the Mining Properties and give them an additional amount of GoldCo shares ? ( Don't get anxious, I have already sent Alan Santini that question for Monday's PR )However, it does not hurt to have many shareholders ask the same question, since in life, the "squeaky" wheel gets the grease.
If you are really concerned about FFGO's authenticity, you need to do your own "Due Dilligence". How do you know who is actually providing you with "unbiased" information, or much less simply presenting you with misinformation.
Remember not to invest any more then you can afford to lose. It's better to have food and a roof over your head, then to wish you did.
Nothing is reality until it actually happens - FFGO is on the path to prove "fact" or "fiction" - nobody here "knows" what will happen and hopes for the best. It does appear that Alan Santini is trying to make FFGO an ongoing business enterprise become a reality. Can't say that about a lot of other Pink Sheet Companies. Also, the current share price makes this an "affordable" risk/stake in one's own future ( as long as you invest moderately ).
It appears that a lot of "Investors" cut a lot of classes and/or did not pay attention in school!!!
My post is from past experience, not from "text book knowledge". I have "personally" had it happen both ways. Do as you wish, as for me I will not sell any shares until after the dividens are in my account!!!
Some Brokers use the "X-Date" as the actual pay date. I purchased shares of AURC after the "Pay Date" and received the dividend for all the shares purchased between the "Pay Date" and the "X-Date" - shareholders who sold before the "X-Date" did not receive their shares, complained, & the Brokerage Houses said "if you wanted the dividend, then you should have held your shares until delivered into your account". All I know is that I received 100,000 additional shares than I expected ( worth an extra $10,000.00 )
"Cash Value" does not mean cash!!! It means an "equivalent" value to cash. Same as winning a prize with a "Cash Value", you get the prize, not the cash. I also sent a request to Alan that the GoldCo divi have a minimum 6 month restriction, just to prevent an immediate selloff. However, I understand that some Brokerage Houses can arrange a sale of restricted stock ( I was told that TD Ameritrade can do this ). I once got a 12 month restricted stock divi that at the time of issue was trading at $2.75, when the restriction was removed ( happened automatically, I did not have to do anything ), the stock traded uppwards of $6.00.