Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

With all due respect, I am just trying to understand this company and like any junior exploration company it has to dilute until it generates cash flow. That part is normal. Since company has a very low level of transparency and follows IMO the path of least information compared to standard practcie in the industry, it is a challenge to fully understand this company and its projections.

Whether (a)management knowingly is issuing shares without belief in its projections just so management can make money or (b) management unfamiliar with junior mining sector and recent trends thus simply unable to achieve more (c) bad luck in general (d) difficult time all junior companies have had last two years in financing; I will leave to those who have followed the company longer than I to give a more informed opinion.


Here is a low priced stock with a DTC chill and no positive cash flow. Do they have any other choice but to dilute ?

As far as to whether company is "legit" I would be curious how this is defined and how company doesnt meet this standard.

I admit I give the company some benefit of the doubt when I forecast IMO 150 to 200 million shares outstanding this year according to their stated objectives.