Replies to post #29384 on Copper King Mining Corporation fka CPRKQ

[lexion585]

Regulator....great post...thank you for coming forward! Some of us on this board feel your pain! GLTY

[CopperKen]

We'll look for that notice of default in Jan of 2010, there Regulator. Meanwhile, are you loan sharks? Are you lenders at all? What was your relationship with management before you made(?) the loan? Why did you make a loan to CPRK? Why have we not heard from you before this? Why did your first post appear at the same time that this board has become active with hypotheticals? How can we know that you are a real lender? I think I will stop typing now to save ink.

[Farmboynate]

Funny I have a hard time believing this...
Because Copper king has made extremely lot of progress....

MILFORD, UT, Jul 30, 2009 (MARKETWIRE via COMTEX) -- Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") provided an update today on its recent start-up operations at its copper mill and concentrator. Copper concentrate production at the mill continues while ongoing testing of grinding and copper flotation circuits continues in line with normal start-up procedures. The Company is considering modifications to its thickening and filtering systems in order to provide a more efficient production cycle. The flotation circuits and the magnetite circuits have been performing well. Grades for copper concentrate have ranged between 31 and 39 % copper, with significant values for gold and silver.


MILFORD, UT, Jul 22, 2009 (MARKETWIRE via COMTEX) -- Further to its press release of July 6, 2009, Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") and its wholly owned subsidiary, Western Utah Copper Company are pleased to announce that they have entered into a definitive copper concentrate sales agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC, for the sale of 100% of the copper concentrates produced at the WUCC Milford project. The agreement supersedes and replaces any other prior sales agreements relating to copper ores or concentrates.

The general terms of the agreement are consistent with industry standards and in addition include a number of favorable provisions for the Company owing to the expected high grades of the concentrate. During the start-up period of the mill, concentrates have been in the range of 31% to 39% copper, with significant gold and silver credits.

"The final agreement with RBS Sempra marks a significant step forward for the project," said Mark Dotson, Copper King's CEO and President. "We are pleased to have a strong relationship with a world-class concentrate purchaser and financial institution. We look forward to a long and beneficial arrangement as we continue to progress with the exploration and potential development of the entire Milford Mineral Belt."

In addition to the copper concentrate start-up operations, the magnetite circuit at the mill has reached full operational stage, with high-grade magnetite being produced for sale in the coal industry. At present, the first 75,000 tons per year of magnetite produced by the Company are being sold under a Magnetite Purchase Agreement to Massey Energy Company. To date, Copper King has shipped magnetite to Massey via loading the material into rail cars at the nearby railhead in Milford.

[aether]

MILFORD, UT--(Marketwire - 06/18/09) -" Copper King Mining Corporation (Pinksheets:CPRK - News) ("Copper King" or the "Company") provided an update today on its operations and plans for establishing a lower-cost, long-term capital structure. As an important first step in its financing plans, the Company announced today that it has entered into loan modification agreements with all of its lenders having security interests in its mill and certain other assets. A key feature of these agreements is the extension of their maturity dates until January of 2010. The Company believes the extensions in maturity will provide ample time for it to refinance its entire balance sheet with long-term, lower cost institutional debt appropriate for a producing mining company. The Company believes its prospects for a refinance at lower rates are now substantially improved with the commencement of production at its mill and the near term achievement of a positive cash flow from operations."

The company already told us they have until January 2010.

[webtime]

Great post....nice to see someone with the truth on here.
Would someone please sticky this post right next the one that was put up as a sticky yesterday.....this one seems to have a lot more truth to it.....and since this board is unbiased I believe people need both sides of the story.
Might even want to add this one to the ibox so people can see this is front page material.
Thanks in advance.

[eyeamgame]

OK you've been reading the forum for a couple of months and only now started to post.
You say you are owed over 1 mil, read this board but remained silent.

Now all of the down with Dotson crew is climbing all over it.

Surprise , surprise.

I recall posting a query about what will be the next big thing.

The company has just filed a retort to the Pure Nickel proceedings and now someone else is claiming damages. HMMM.

If you are legitamate Regulator it is in your best interest for the company to succeed. It appears your loan is not secured and if that is true no one else here would have stayed silent for a couple of months.

Whether you are legitamate or not you would have to expect skepticism with your current claims.

If you are for real you need CPRK to become every bit successful as the rest of us.

eye

[ABIGIDIOT]

regulator, i want to be, quite possibly the first to commend

you for coming forth, and explaining your plight. while many posters have alluded to the fact that you, and/or your claim is fictitious, i believe otherwise. many have alluded to the p.r., that claims were re-negotiated, to 1/2010.

but, a little word was left out in their thought process. that word is "secured".

now, if one postulates that perhaps your loan is unsecured, and that also perhaps you and/or your partners were friends of dotsons, that would explain the possibility of the loan being unsecured. many deals are done on handshakes, and pieces of papers/i.o.u.'s signed with an x.

but theres another ugly side to this. many have alluded to dotsons impeccable level of honesty, diligence and integrity.

now, you come along, and illustrate the other side of the man. one that is less than credible, is somewhat disingenuous... one that has poor management, and business acumen. now we see he even acknowledged the obvious abuse of painkillers, which leads me to think that the rumors that had circulated about him having DUI infractions are true, as well.

i'm glad you acknowledge the fact the copper is there. i have realized that all along. my problem ALWAYS has been with management, and the poor way the business is run. and, you post helps illustrate it, in a much clearer light.

as a business man, also, i would encourage you and your partners to line up any or all documentation, and present it as a claim. the way this stock has been running, and the way management is witholding information, and the problems we are now seeing virtually on an everyday basis, you best get in line.

its gonna be a long one.






Posted by: Regulator78 Date: Friday, July 31, 2009 4:00:53 PM
In reply to: None Post # of 29446

I am a first time poster. I have enjoyed reading all of the posts over the last few months. My partners and I lent Copper King Mining/Dotson Individually more than 1M over a year ago now. Dotson has used every excuse in the book as to why he has been unable/unwilling to make payments. He has accused us of coercion, said we were loan sharks, said he was on pain killers when he signed the note, etc. etc. etc. In my opinion, Dotson lacks integrity, and is a poor manager. He knows mining, but does not appear to have the capability or know how from a management stand point to bring this thing to the next level. The copper is there--of that there is no doubt; however, if Dotson cannot keep up with his obligations CPRK will fail. I have had contact with the investors holding the first trust deed. they are planning to file a notice of default in January 2010 if Copper King/Dotson has not made real progress. I hope he does for all of our sakes.

[Johnny4profits]

Dotson is gone, no reason to stalk you.
I know, paranoia strikes deep.

I am a first time poster. I have enjoyed reading all of the posts over the last few months. My partners and I lent Copper King Mining/Dotson Individually more than 1M over a year ago now. Dotson has used every excuse in the book as to why he has been unable/unwilling to make payments. He has accused us of coercion, said we were loan sharks, said he was on pain killers when he signed the note, etc. etc. etc. In my opinion, Dotson lacks integrity, and is a poor manager. He knows mining, but does not appear to have the capability or know how from a management stand point to bring this thing to the next level. The copper is there--of that there is no doubt; however, if Dotson cannot keep up with his obligations CPRK will fail. I have had contact with the investors holding the first trust deed. they are planning to file a notice of default in January 2010 if Copper King/Dotson has not made real progress. I hope he does for all of our sakes.

Lots of carnage along the way here and none of us feel satisfaction through disclosure or prosecution. And that's the way it is.

CPRKQ

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