Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

I am just trying to understand this fascinating company, in particular from standpoint of those who have followed longer than I. My own thoughts ? I highly doubt they will be able to raise anywhere near the numbers thrown out there for property purchases such as you mention but (a) will simply re-negotiate (b) but will need some cash to grease the wheels. That is why my concern they are not doing another convertible now to give themselves some chips to use in negotiations.I really do not understand how a publicly-reporting company that has to meet permit conditions, gear up for operations, stay reporting, and negotiate through a signficant negative working capital situation, can be expected to do this on $5,000.But I am new here so just trying to grasp this rather unique situation.

My take is take whatever convertible financing they can get, and get advice on IR so that investors feel comfort during this rough spot. They control a mill in a mining area without one, that is an asset they can build on.

Has the DTC chill now effected their ability to get a convertible financing ?