Clifton Mining Company (CFTN)

[KQforever]

this was always one of those companies that was very hard to walk away from due to ABL. At .20/share, it's tempting to consider it but in all honesty, I've lost track of the o/s some many months ago. I'm sure they've been diluting along the way.

As for mining, you never know how much it's worth until the actual production starts showing its face. The way I see it, clifton's a decent company if you've got years to wait for it. If you're lucky, they'll announce some real earnings potential in another year or few, but in the mean time there are so many other bargains out there.

Why wait 5 years for a company that's far from net income positive, when you can get some chinese small caps trading below book value on the AMEX/NASDAQ/NYSE despite consistent income growth of 20+%? (ie. SUTR, CADC) Or if you like to keep the risk up, why not seek unlisted chinese companies like SGAS.ob, CHGS.ob, LTUS.ob, LPIH.ob?

My point is simply this: there is too many undervalued growth stories out there right now that it seems a bit ridiculous to invest into something that hasn't shown the capacity to expand & grow yet. When you have proven alternatives that are trading BELOW their book values & have the momentum of uplisting, clifton just looks like another hole in the wallet draining out your earnings potential.