Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

I am unclear where people think financing will come from. The company is in the same position as it was except now even less volume for a convertible note holder to sell into. The whole industry having probems raising capital let alone debt financing, this is why the convertible note buyers are often the only game in town.

I do not understand comment that " there is no denying" what is underground. We simply do not have sufficient information to make a judgement.(a) Company has shown in press releases it is selective in what it releases, and in such an overly-promotional manner that raises doubts. (b) There is no proper report as far as we know- we have a company press release summarizing what they feel old data shows.(c) Company's track record is of not meeting projections.

Even if at some point in the future someone gives them a few million even to get to point where they could quote measured and indicated resources ( let alone reserves) , company still faces challenge of raising capital, and building credibility in the market. Nothing I have seen indicates CFO will not go down same path again.