Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

There is something I dont understand about the expectations/hope the price will go up 5 times because of a press release that they have been granted a permit without conditons.

-Company announces they are buying $200 million in assets for a few million.

-Company announces a NI43-101 report ( which they dont need in this country anyway), or a "preliminary" report prepared using NI43-101 criteria- and then with statements that the OSC states are "red flags" in their press releases .

-Then date for closing deal to buy these assets rolls around, and not a peep until 10q almost a month later.( so much for timely material disclosure).

Stock trending down steadily for months.

Now ( if they get in 2013), the concept is that if they get the permt without conditions ( forgetting that raising $3 million-if they could- would drive their share count well north of a billion shares), their type of overly-promotional press release would drive the price up several hundred per cent ?