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Thursday, September 28, 2017 11:28:43 AM
Comstock Mining (LODE) is in debt at almost 200% of their total worth. Management is arranging for additional financing, MORE DEBT! Management is also spreading rumors of a “Joint Venture” and selling LODE stock into the strength of those rumors. LODE is producing NON-Economic resources at a loss that is in the 6-million-dollar range. LODE has no identified RESERVES. NO Plan or Prefeasibility Study in place showing how they will mine Reserves AT A PROFIT. LODE management has valued the stock price per share at about five cents.
Talk about real estate deals and highways is insignificant. This is a mining company that is going in debt, and producing at a multimillion dollar loss. They have NO RESERVES to mine. NO ASSETS that are minable AT A PROFIT! Comstock Mining is basically bankrupt. They have nothing to offer to any real JV partner. Any negotiating would likely look more like a fire sale than a JV partnership. Any fund buying at this point is gambling. Any fund buying is likely trying to average down their position “Hoping” to make up for the huge losses they have taken in the last few years.
I estimate the PPS fair market value at LODE at about 1.8 cents!
DO THE MATH!
LOOK AT THE NUMBERS!
GAMBLING for a recovery!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133822827
LODE 10-Q Filings - 5 CENT VALUATION! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133638327
No Gold, No Silver, No JV!!! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133613520
LODE has NO RESERVES!!! https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133102602
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.
Recent LODE News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:15:33 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 10:01:59 AM
- Comstock Updates on Business Commercialization, Investments and Real Estate Sales • GlobeNewswire Inc. • 09/19/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 03:16:50 PM
- Comstock Fuels Executes International License Agreement • GlobeNewswire Inc. • 09/18/2024 03:10:14 PM
- Comstock Metals Secures New and Larger Revenue Contracts • GlobeNewswire Inc. • 09/17/2024 10:00:00 AM
- Comstock Metals Secures Multiple New Revenue Contracts • GlobeNewswire Inc. • 09/10/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 05:01:23 PM
- Comstock Metals Records First Renewable Metal Shipments and Sales • GlobeNewswire Inc. • 08/20/2024 10:00:00 AM
- Comstock Validates Record Renewable Fuel Yields • GlobeNewswire Inc. • 08/15/2024 12:33:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:05:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:45 PM
- Comstock Announces Second Quarter 2024 Results and Corporate Updates • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:02:15 PM
- Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales • GlobeNewswire Inc. • 08/08/2024 01:15:00 PM
- Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET • GlobeNewswire Inc. • 07/25/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:15:23 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 07/19/2024 10:05:29 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 10:01:58 AM
- Comstock Terminates Equity Purchase Agreement with New $2.5 Million Investment • GlobeNewswire Inc. • 07/19/2024 10:00:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:21:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:16:26 PM
- Comstock Inc. Publishes its 2Q24 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 07/17/2024 10:00:00 AM
- Comstock Metals Secures First Industry-Scale Facility for Recycling Expansion • GlobeNewswire Inc. • 07/15/2024 10:00:00 AM
- Comstock Metals Receives County Operating and Storage Permit for Recycling Expansion • GlobeNewswire Inc. • 06/24/2024 10:00:00 AM
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