Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

I am in complete agreement that the bigger issue than the details we have been discussing is what they point to- the quality of management.I mean really since they were not required to file a NI43-101 and wouldnt qualify for a Canadian exchange anyway, the only reason for them to bring up NI43-101 is to try to impress investors with limited knowledge of this sector. Then they put values on properties without considering CAPEX, extraction costs or anything else, let alone any meaningful explanation whether they were using old reports or reasonable current exploration information.And in any case these questionable press releases didnt stop the slide anyway.(Wonder how CEO as a member of SME signed off on all this).

Their 10k last year also questionable- they have some investors believing the mill would be operating this year, they forecast other working capital needs but not to re-activate the mill and then finally on recent 10q estimate re-activation costs at $3 million.

And someone still buying the stock after 2 reverse splits in less than 12 months ! Wonder what's next - CFO announces a "temporary feasibility study accordng to SME criteria" ?