Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

No matter how one views the future of this company I think most people would agree they need money, and that means since they will probably be unable to get conventional financing, probably means discounted shares or convertible notes will be used to get them through this period- this all means dilution which I estimate means they will be at least in the 150 to 200 million share mark this year.

More dilution absent improved marketing/IR , and some very good luck on being producer during this calendar year, probably IMO means stock price risks dropping further at some point. I view that as an opportunity to pick up some more shares prior to better operating news and I hope change in their marketing/IR strategy and tactics.

I do not see getting the permit without conditions will solve everything but obviously will be a great step forward. I think they will do another reverse once they start producing to attract investors who wont touch stock at these levels, I am going to guess a 1 for 2 or 5 shares maximum.Anything moe than that and management should bite the bullet and bring in a new team.