I've never done this before

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[Trinique_Fire]

Okay. I'm seriously confused.

 

[BoomerP]

Again please explain why we should repay you?
It's our own money we would be investing?

Not to be rude or anything

Okay. I'm seriously confused.

hmm I'm confused too.

 

[Trinique_Fire]

Again please explain why we should repay you?
It's our own money we would be investing?

Not to be rude or anything



hmm I'm confused too.

Hi, gorgeous.

 

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[Trinique_Fire]

Hi.

Customarily, if one gives you something by which you can profit quite a bit, a, shall we say, gratuity, is in order, but definitely not required.

Please note that should you do this, and make money at it, if it is your heart to funnel some of the profit in appreciation, doing so to the "cause" mentioned in my original post need not be known to any but you. BTW, I have no interest in the lesbian center mentioned other than that they are noted to help lesbians in need.

Personally, you owe me nothing, nor do I wish anything from anyone.

So, why do this? For a fact, I know that there are some good people here, plus the law of averages say that there are others who are good but otherwise unknown to me, so why not share? The world is tough, and getting tougher (oil up over $140 US, base metals surging and refusing to go back down, in the US, property values are horrific).

There's a lot of pain out there, and I have felt some of it, as I'm sure others have also. I found something that can help possibly help others so why not share it? I have given all the pertinent info I can. I realize that this is not everyone's bag (probably something most here haven't done), but that's something I cannot second guess.

If it suits you, and you properly consider it, do as you wish. If you have specific questions in your wondering, I am a PM away. Just remember, invest only what you can afford to lose. I hope this answers your questions.

Oh, here's a few things for your consideration since you've questioned this:

http://www.farallonresources.com/fan/Home.asp

http://www.tasekomines.com/tko/Home.asp

If you know how, go to any stock market quote system (US) and compare Farallon's stock price record for the last few weeks compared to the rest of the market. You will notice no wild gyrations. If you pull up the stock price, there will also most likely be a series of news announcements verifying what all I have stated.

Yes, there are risks -- no one doubts that, but in the realm of all the stocks out there now, this one is quite a solid chance -- unless the catastrophe strikes.

I wish you peace, and I wish you love.

I get it now, mis....not only that, but you were here when I was SIMA, and you're still around now (though less frequently) that I'm Trini...and I've always liked you. If I had the money to invest, I'd do it on a small scale, and send you a gratuity as well.

Here's to all of us feeling the recession.

 

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[Trinique_Fire]

Thank you, but nothing -- absolutely nothing -- is wanted by me in this case. Many are much worse off that I, or just about anyone else here, and that's where those help centers come in handy, but they need funds to operate with. One thing that hits hard, and is well remembered by me is our pres not knowing gas was going to hit $4.00 a gallon. How out of touch he is, and so many others in D.C. They don't feel our pain in the grocery store. I know I do. I've been fortunate enough to have had a few dollars in the past, so I invested mildly (read very small-time investor), and am passing along what I consider a darn good gamble, but like anything else in this world, it is a gamble.

I hope things are going much better for you. I wish you peace, and I wish you love.

 

[desertslave]

I think I'll stick with our Southern Copper (symbol: PCU). They're set to split 3:1 in a few weeks, and they pay a SWEET dividend on top of their excellent growth. It's been a fun ride.

P.S. Just because the Dow tanks doesn't mean the sky is falling, no matter what the talking heads on TV say. Our portfolio has a few mild losers but overall it's gained 47% in the last 18 months. Yup, the gains were higher, but the losers have still been far outweighed by the gainers. Just avoid the sexy stuff and look at fundamentals.

 

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[Singularity]

Don't Be Fooled

All of the available online information is press releases issued by the company. None that I can see are by any unaffiliated financial analysts. Plus, this came from the Vancouver Stock Exchange, which is notorious for penny-stock shenanigans.

This has all the earmarks of a penny-stock pump-and-dump scenario. Today's quote was for a grand total of $0.80 per share. 80 little cents.

This has no place here. Your altruism is breathtakingly insincere.

 

[xssve]

Hard sell, be suspicious.

Not that it's a bad idea to invest when the stock market is down, buy low, sell high? I know, it sounds totally ludicrous, but still...

 

[desertslave]

Some excellent advice on the market overall. Glad it's going well for you; you're among the few that are profiting instead of losing, or going crazy with all the bounces. May it continue to go well for you.

Thank you!

Bounces are only concerning if you're planning to sell. My Dad was a buy and hold kind of guy, and I'm trying desperately to follow in his footsteps. He was GOOD. I have a good 20 years before I have to worry about what I'm truly worth, in a liquid cash kind of way. Damn good thing, considering this past year!

 

[The_Fractal_King]

What I'm talking about is money. Possibly how to make it. The stock market is way down right now, the dow down over 300 points, the NASDAQ down about 70 (which is huge for them).

And what am I about to tell you? Maybe you should buy a stock. Okay, now you know -- I'm nuts, right?

Did a dip in stock prices suddenly cease to be absolute ideal time to buy stock? All markets go up and down, a low market will rise at some point. The only good reason to not buy stock during a recession would be if you think to company will go under entirely (or if you need to money at the moment of course). I didn't read the rest but that much hardly seems to be a revelation.

 

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[trysail]

Uh, oh. LOOK OUT!. Unless you are a professional (i.e., you know what the hell you're doing), don't touch this with a 20-foot pole.

If you want to invest (and you're not a professional), follow Warren Buffett's advice and put the dough to work in Vanguard's Total Stock Market Index Fund or their S&P 500 Index Fund.

You could even put the dough into Proctor & Gamble or Colgate or Coca-Cola or Pepsi— after which, do not look for a minimum of ten (10) years. Repeat, as necessary.

"Stock tips" handed out by anonymous sources on the Internet are an excellent way to lose money— hell, even better, send money to my pal in Nigeria who swears that all he needs to gain access to a $10,000,000 bank deposit is $5,000 for a processing fee.

 

[The_Fractal_King]

send money to my pal in Nigeria who swears that all he needs to gain access to a $10,000,000 bank deposit is $5,000 for a processing fee.

Hmm . . . is he willing to share the $10,000,000?

 

[Singularity]

"Sisters" mean nothing

Companies are worth what they are worth, based on their own merits, and their profits - and not on what alleged, non-financial relationships with other companies are hinted at. If this is such a great company, why is nobody covering it, other than the insiders and the touts? And why is it valued at 80 cents?

Alleged 'sister' companies and those who have a separate identity from those that are being touted, where the inference of benefits from someone or some other company who is part of the 'story' is mere window dressing.

This is all part of the classic build-up of a penny stock, before it crashes, and the buyers are taken to the cleaners by those who touted it on the way up and dumped their shares before the rubes found out it wasn't worth anything remotely like what the 'story' hinted at.

But at a more basic level, why is this appropriate to THIS forum? Go tout your penny stocks somewhere else.

Anybody who wants to invest in this company should treat that investment in the same manner as they make an 'investment' at the casino. You might win something, but the overwhelming likelihood is that you are going to lose.

From Business Week: http://investing.businessweek.com/research/stocks/earnings/earnings.asp?symbol=GBG.TO

Great Basin Gold Ltd.'s Annual Revenues

Great Basin Gold Ltd. did not report revenues for the full year 2007. However, during the prior year the company reported revenues of C$0.0.

Key developments
Great Basin Gold Ltd. Announces Drilling Results
06/23/2008
Great Basin Gold Ltd. announced that surface exploration drilling has discovered a previously unrecognized vein system in the Hatter Graben area, located approximately two kilometers from the current decline infrastructure at its Hollister Development Project in Nevada, USA. Drilling in the Hatter Graben is targeting shallow east-west trending resistivity anomalies. Eight holes have been completed on the newly discovered Hatter Graben vein system. Final assay results have been received for three of the holes and are pending on the remaining five holes. The first hole, H8-264, drilled into this target intercepted a high-grade banded quartz vein with visible gold and a stockwork zone from 2059.0 ft-2067.7 ft (627.6 m-630.2 m). This vein has a composited grade of 5.5 ft (1.68 m) @ 0.54 oz/t (18.55 g/t) gold. Additionally, an upper breccia zone was encountered at 1570 ft-1825 ft (478.5 m-556.3 m) down the hole with an estimated true thickness of 180 ft. This zone contains gold bearing quartz stockwork/breccias, quartz veining, and sulfidically healed breccias with several high-grade intercepts.

Great Basin Gold Ltd. Announces Drilling Results from Hollister Project on the Carlin Trend in Nevada
06/18/2008
Great Basin Gold Ltd. announced that underground drilling has expanded and upgraded the mineral resources in the measured and indicated category at the Company's Hollister Project on the Carlin Trend in Nevada, USA by 60% from 1 million to 1.6 million ounces. Overall the mineral resources increased by 15% from 2 million to 2.3 million ounces. Further exploration and infill drilling, totaling approximately 30,000 feet and adding to the 55,000 feet completed for the Feasibility Study, was completed in the period from March 2007 to January 2008 to fill in gaps and to explore the deeper parts of the deposit. Results of the resource estimates based on this drilling at a range of cut-offs. At a 0.25 oz/ton cut-off, approximately 1.6 million gold equivalent ounces are contained in estimated measured and indicated resources of 1,615,000 tons at a grade of 0.87 oz/ton. A further 680,000 gold equivalent ounces are contained in inferred resources of 1,252,000 tons at a grade of 0.51 oz/ton.

Great Basin Gold's Hollister Mine Initiates Production
06/10/2008
Great Basin Gold Ltd. announced the milling results of production at the Company's Hollister Mine in Nevada, USA. Processing of the ore was completed in May 2008 at Newmont's Midas mill, located 20 miles from Hollister. Approximately 5,000 tons of ore with a gold head grade of 1.2 ounces per ton and a silver head grade of 9.5 ounces per ton realized net revenue of $3.9 million after toll treatment costs of $45 per dry ton and a recoupment of capital amortization cost by Newmont. The Midas mill uses direct cyanidation, counter-current decantation and a Merrill Crowe recovery system. A second stockpile of approximately 5,000 tons of ore is being shipped to the Midas mill and is expected to be processed in June 2008. The construction of a regulatory-required Alimak raise to the surface in the first quarter and commissioning of the escape-way in May 2008, allowed underground production to commence with stoping on the Gwenivere and Clementine veins. The Alimak raise was excavated from the 5200 level to the surface for a length of 540 feet. The raise is being used as a secondary egress and ventilation exhaust, allowing mine production to commence on schedule in May 2008.

Here are some interesting extracts from an SEC filing for Farallon, at http://www.secinfo.com/d1Ze2u.z2sd.htm

Farallon’s properties do not contain reserves in accordance with the United States Securities and Exchange Commission (“SEC”) definitions and there is no assurance that any feasibility studies carried out by Farallon will establish reserves. The Company’s Campo Morado Project (see Item 4) is in the exploration stage as opposed to the development stage and has no known body of economic mineralization. The known mineralization at these projects has not yet been determined to be economic ore, and may never be determined to be economic. Although Farallon believes that exploration data available is encouraging in respect of these properties, there can be no assurance that a commercially mineable ore body exists on Farallon’s properties. There is no certainty that any expenditure made in the exploration of Farallon’s mineral properties will result in discoveries of commercially recoverable quantities of ore. Such assurance will require completion of final comprehensive feasibility studies and, possibly, further associated exploration and other work that concludes a potential mine at each of these projects is likely to be economic. There is no assurance that any preliminary or final feasibility studies carried out by Farallon will result in a positive determination that the Campo Morado Project can be commercially developed. In order to carry out exploration and development programs of any economic ore body and place it into commercial production, Farallon must raise substantial additional funding.

Farallon Has No History of Earnings and No Foreseeable Earnings

Farallon has a long history of losses and there can be no assurance that Farallon will ever be profitable. Farallon has paid no dividends on its shares since incorporation. Farallon anticipates that it will retain future earnings and other cash resources for the future operation and development of its business. Farallon does not intend to declare or pay any cash dividends in the foreseeable future. Payment of any future dividends is solely at the discretion of Farallon’s board of directors, which will take into account many factors including Farallon’s operating results, financial conditions and anticipated cash needs.

Need for Future Financing

Farallon will need to raise additional financing to complete further feasibility studies for the Campo Morado Property. Furthermore, if the costs of Farallon’s planned exploration programs are greater than anticipated, the Company may have to seek additional funds through public and private share offerings,

Litigation

The Campo Morado Project has been the subject of litigation for over eight years in lawsuits in Canada, the United States and Mexico. Farallon won unappealable decisions in the Canadian and U.S. lawsuits while its successes in the Mexican courts have continued to be challenged with appeals and new suits. While Farallon believes in the merits of its position and case, there can be no certainty of the ultimate outcome. See “Legal Proceedings” in Item 8A below.

On January 2004, a Panamanian company, Wiltz Investment SA. commenced a lawsuit against Farallon’s Mexican subsidiary, Farallon Resources Ltd. and Farallon Resources Corp. The plaintiff's petition is the rescission of the option agreement between Minera Summit de Mexico SA de CV and Farallon Minera Mexicana SA de CV with respect to the rights derived from some of the mining concessions of the Campo Morado Project. The plaintiff is also seeking the vacating of these mining concessions by Farallon, the payment of leasing for the use and exploitation of the mining claims, and the payment of the costs originated by the lawsuit. Farallon filed its response to this action on December 2004 before the Second District Court for the Fifth Circuit in Sonora State. While Farallon believes in the merits of its position and case, the outcome is not currently determinable.

If Farallon is not successful in its defense, there will be delays (which could be substantial) in the development of the Campo Morado Property as appeals and ownership issues are resolved.

Foreign Subsidiaries

Farallon conducts its operations through foreign subsidiaries and substantially all of its assets, other than cash, are held in such entities. Accordingly any limitation on the transfer of cash or other assets between the parent company and such entities, or among such entities, could restrict Farallon’s ability to fund its operations efficiently. Any such limitations, or the perception that such limitations may exist in the future, could have an adverse impact upon Farallon’s valuation and stock price.

Conflict of Interest for Directors

Directors of Farallon also serve as directors of other similar companies involved in natural resource development. Accordingly, it may occur that properties will be offered to both Farallon and such other companies. Furthermore, those other companies may participate in the same properties as those in which Farallon has an interest. As a result there may be situations which involve a conflict of interest. In that event, the directors would not be entitled to vote at meetings of directors which evoke any such conflict. The directors will attempt to avoid dealing with such other companies in situations where conflicts might arise and will at all times use their best efforts to act in the best interests of Farallon. If the directors fail to do so, however, there could be material adverse consequences to Farallon, its business and its results of operations.

Capital Expenditures

Farallon has not made any material capital expenditures or divestures in any of the last three financial years and no material capital expenditures or divestitures are currently in progress. However, the Company is proceeding on its exploration program.

Note that NOTHING in the above touting says anything about actually selling anything or making a profit.

Buyer beware.

 

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