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- in reply to: Miscellaneous #5173
“Neither Republican nor Democratic today seems to have any interest in being a statesman for that requires looking beyond personal interest, and looking into the eyes of fate herself, and realizing it is his country he must save, often from himself.”
Martin Armstrong
in reply to: Gold Enters Major Bull Market #5172More important gold related info from Jim Sinclair in this recent interview:
https://goldsilver.com/new/ellis-martin-report-with-jim-sinclair-and-the-nuclear-economic-trigger/
in reply to: Miscellaneous #5171The guy is dangerous.
in reply to: Miscellaneous #5168California starting to Squeeze its citizens.
We just returned from the CPA’s office after submitting our tax information for 2011.
The bottom line is we will be paying more of a percentage of our income to the State. The CPA said California is turning all the rocks in search for more money and their sights are on all of us.
Next year all properties in our area will be reassessed by the State and the result will be higher property taxes next tax period.
It’s not too difficult to imagine that the bartering process as a result of all of this will get kick-started into high gear.
SQUEEZE THE PEOPLE
in reply to: Miscellaneous #5167In the paper this morning they are speaking of “Oil Fracking In State Gets Little review.”
In other sections of the country, The Rocky Mountain West and the Northeast toxic chemicals have been found in drinking water from oil fracking.
Lawmakers, seem little interested in requiring industry to disclose the chemicals they are putting in the ground that will taint water supplies.
Our environment and public health are being threatened while regulators look the other way.
It’s the same old story, grease my palm and we’ll stay out of your hair.
While China looks to the future with increasing renewable energy output, it could depend on 25% of their energy requirements from this source by 2020, we insist on investing in fossil fuels with no long term plan in place.
Isn’t it interesting that corporate boards are adding more public members to insure no hanky-panky goes on concerning shareholders while the boys in Sacramento do whatever suits them in protecting and expanding their incomes.
Recently it was announced by an exiting Goldman Sachs VP that certain employees refer to their clients as muppets. I would venture to guess that the folks in State government refer to us as their know-nothing-captives with a checkbook.
in reply to: Miscellaneous #5170There is something that might be good for mining, but might stop mining again like President Roosevelt did. Should the United States consider gold as a Stratigic resource for defense then there is a very good possibility that federal funding would be forth comming for its extraction, but with sale to the Federal Government only. President Obama has just issued an Executive Order: http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness, this allows all natural resources critical to National Defense to be controlled by the government, to include the resource development needs.
in reply to: Miscellaneous #5169The E.P.A. has inspected water resources back east and confirmed that the water was not contaminated form the fracking process as claimed by those who own the wells.
Water wells are not very deep, only about 200 ft. to 300 ft..
The gas and oil wellls are usually deeper than 4000 ft. seperated by impermiable hard rock strata.in reply to: Gold Enters Major Bull Market #5166Keeping your eye on the ball
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/11_Dr._Stephen_Leeb.html
in reply to: Gold Enters Major Bull Market #5165Pierre Lassonde interview:
[audio src="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/17_Pierre_Lassonde_files/Pierre%20Lassonde%203%3A17%3A2012.mp3" /]
in reply to: Miscellaneous #5161More from the International Forecaster:
California Tax Revenue Plunges by 22%.
Compared to last year, State tax collections for February shriveled by $1.2 billion or 22%. The deterioration is more than double the shocking $535 million reported decline for last month.
__________________________________________________
Did anyone really miss why all these regulations were put in place?
SQUEEZE THE PEOPLE
in reply to: Gold Enters Major Bull Market #5164Many long-time followers are stating that recent weakness in gold was brought about by our leaders selling physical and paper gold.
And then you wonder about the following that appeared on the jsmineset.com website yesterday:
“According to comments made in the euro press, the Fed is in arrears concerning gold audits due to countries storing gold with the New York Federal Reserve Bank.”
in reply to: Miscellaneous #5160From this mornings International Forecaster:
We need to end the orgy of rule making in America (John Stossel)
“If you have 10,000 regulations,” Winston Churchill said, “you destroy all respect for law.” …But Churchill never imagined a government that would add 10,000 year after year. That’s what we have in America. We have 160,000 pages of rules from the feds alone. States and localities have probably doubled that. We have so many rules that legal specialists can’t keep up…
in reply to: Miscellaneous #5163People are registering their displeasure with the rampent desire of state government to raise taxes, by changing their tax donation to the minimum required by law. To take the money away from those who are to enforce the multitude of regulations. This is how you stop abusive government policy.
in reply to: Miscellaneous #5162so that is why most of the highway patrol are parked on the side of the road with their customers.
in reply to: Clips from Alleghany #5159The speed of our web-site is much better on the new host. Some “behind the scenes” work is still being done before we can post regular updates to the page.
The date for the annual shareholders meeting had been added to the home page before our site “crashed” but vanished since. Just an FYI to our Shareholders, the annual meeting is scheduled for Saturday June 23rd. Date of record for proxies is April 2nd.
The 2011 10-K (Annual filing) was filed with the SEC timely on March 5th. Send an email to corp@origsix.com if you would like a copy via email.
Rain, rain and more rain. Most of the snow that we got earlier in the month is gone, but rumor is that more is on the way starting tonight.in reply to: Miscellaneous #5157Increase your knowledge
in reply to: Gold Enters Major Bull Market #5158Jim Sinclair updates his thoughts on gold:
[audio src="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/16_Jim_Sinclair_files/Jim%20Sinclair%203%3A16%3A2012.mp3" /]
in reply to: Clips from Alleghany #5156Testing, testing, one, two, three. Welcome back to the website. This site first appeared in 1995. For the past ten days, its host failed and was not able or willing to find and fix the problem. Now there is a new host and it is almost half a world away. Our comments are now going to the country of Hungary. Scoop missed the FORUM and is pleased it is back on line. Good luck.
in reply to: Miscellaneous #5155Comments from a contributor at jsmineset.com.
Hi Jim,
This Bloomberg op-ed on California’s municipal financial woes supports your recent observation that the bankruptcy of Stockton will be the first of many more.
As one writer noted, “In nearly every [California] municipality, employee pensions are being prioritized over libraries, parks, street maintenance, health care and public safety.”
In spite of this, the chanel replica handbags unions are fighting pension reform tooth and nail.
California is a major disaster waiting to happen.
Respectfully,
CIGA Black Swanin reply to: Miscellaneous #5154from jsmineset.com today:
Many of life’s failures are people who did not realize how close they were to success when they gave up.
–Thomas Edisonin reply to: Miscellaneous #5153Jim Sinclair’s Commentary
There will be many more to follow as many are sitting directly on the go/no go decision
Stockton to Take Steps Toward Bankruptcy, City Manager Says
February 24, 2012, 5:22 PM EST
By Alison Vekshin and Michael B. MaroisFeb. 24 (Bloomberg) — Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt and bookkeeping errors that misrepresented accounts, city officials said today.
The Stockton City Council will meet Feb. 28 to consider a type of mediation that allows creditors to participate, the first move toward a Chapter 9 bankruptcy filing under a new state law. The council will also weigh suspending some payments on long-term debt of about $702 million, according to a 2010 financial statement.
in reply to: Gold Enters Major Bull Market #5152Professor Fekete on Silver
http://www.goldstandardinstitute.net/2011/06/the-marginal-utility-of-silver/
in reply to: Gold Enters Major Bull Market #5150Mike, I’m Ron Pacholec. HEre’s my email address. I’ll send all my contact info to your email address.
in reply to: Gold Enters Major Bull Market #5151Strong words from Jim Sinclair:
1. What is going to happen is going to take place in March somewhere between the 14th and 20th in all probability.
2. What will determine the fate of markets is what action China does or does not take in providing funds to IMF bailout funds.
3. I believe China can and will extract significant trade and other benefits for their presence.
4. I believe China will want the same immunity that the IMF just took for themselves on sovereign debt in liquidation.
5. Greek gold will be held hostage to their debt.
6. That will accelerate the modest trend of repatriation of gold for the cellar of the New York Fed to nations like Germany that are certainly able to store their own wealth.
7. There will be an acceleration in the trend of utilization of other currencies than the dollar for contracting internationally regarding goods, service, oil and minerals.
8. I do not agree that we are at the doorstep now of major changes in the international monetary system. That comes in June of 2015.
9. I am certain that we are on the immediate threshold of the monster kick of the financial can down the road that is a dead end.
10. I believe China and the US Fed will assist in that great last can kick that backfires.
11. I am certain that I am in the right business and that business is the identification and accumulation of gold as gold is the ultimate survivor of what is about to happen.
12. I am certain the gold industry is mad as a Danbury hatter in selling their product the moment they produce it.
13. I am certain the gold and silver industry is in a transition back to the dividend producers they once were.
14. I am certain that the volatility in gold, silver and equities we have already seen is nothing compared to what is about to happen.
15. The last man standing among asset categories as the new monetary system is introduced sometime post June of 2015 will be gold and gold alone.
in reply to: Gold Enters Major Bull Market #5148Strike while the market’s HOT!! The strong expectation that the Bull Market will continue to make gold prices rise has been very successfully exploited by yet another Canadian gold company. Their Sales Pitch: Buy stock today, take losses today, and get richer tomorrow as gold continues to rise!
“San Gold announces $15.0 million private placement.”
This is another Canadian company placing tax flow-through stock through a syndicate. These shares are not available for sale in the US, only in Canada.
San Gold calls itself a “New Exploration and Production” company. In 2011 they reported revenue of $114M CD but reported a net loss before tax of $9.3M CD due to $25M CD exploration expense, $79M CD operation expense (28% of which was non cash expense Dep and Amort) and $17.5M CD Admin, about half of which was paid in stock.
BUT in terms of HARD CASH they Actually Made Money: $114 rev – $59 ops – $24.8 explor – $9 admin = $21.2MCD. (A more careful analysis would yield their reported cash increase of $17.2M CD) Besides making cash, they sold flow-through stock. Not bad for a year’s work. Though the mining and tax laws in Canada are much more favorable than the US, San Gold is an example of what clever finance and tax law can do. San Gold, by having actual revenue, is perhaps more similar to the Original Sixteen than Pertium.
in reply to: Gold Enters Major Bull Market #5149Continuing on with the private placement concept for investors to profit and the company profit…
The rich history of operating the Sixteen to One mine is scattered throughout this website. An ongoing goal is to expand the readership, especially to people or companies thinking about buying a gold opportunity. Smart investors are on the prowl for finding ways to place money whereby the rewards make the risk advisable. I have yet to find a stock offering where the upside potential measured with the flat out downside probability is more favorable than OAU (the symbol when the company was listed on the now defunct Pacific Stock Exchange in San Francisco). Its history of trades was managed by a very competent market maker.
No one may ever know the outcome of my beliefs for OAU unless someone steps forward with an investment. It is against history that our small crew will mine a pocket of gold and finance the operation AS IT SHOULD BE OPERATING. We have data to approximate gold production, not by projecting reserves of some qualifying definitions. Few underground (if any) California gold mines can create actual gold reserves of economic substance. There are other ways to determine risk/reward: costs verse production, time and recovery of initial outlay.
The current price or whether spot increases or decreases are a very modest factor in analyzing Original Sixteen to One Mine, Inc. The only negative against our operation is the lack of working capital to run the company in a proper business-like fashion. We know how to do it even though our Canadian friends start the game with a five touchdown lead. I think Americans of large financial wealth don’t give a rat’s ass about gold. This is nothing new. I recently found my old files from 1975 to 1985. They support this opinion. Americans have the universal currency and cyclical trends whereby markets can be exploited for gain. Wealthy Americans are very smart and I am betting that these are the folks who will benefit from aligning themselves with one of the world’s great gold mines. The problem? How do they find us!
REAP. Send me your email address or other mailing address. Someone will find the solution as I have found the solution how to mine gold profitable and get it to owners in the most favorable way. Oh, I almost forgot. Technology, which we call metal detection, awaits. It has stood still for over a decade for our industry. Look what technology has done for oil. Predictions in the 1970’s were the world would run out by 2000. Now global reserves are greater than they were forty years ago. California has a lot of gold remaining underground.
in reply to: Gold Enters Major Bull Market #5147Mike, I’m glad to help!
I agree with you about the capitalization in Note 4. I have some other Pretium financials and I am working my way through them to see what they did.
I think they call themselves an exploration company and don’t show any revenue from gold or silver for TAX reasons. This private placement was a bought deal constructed by a syndicate of underwriters led by Salman Partners Inc. The shares offered were “flow-through” common shares which allow the losses generated by Pretium to flow through to the investors filing taxes in Canada. Thus no revenue from sales.
“The gross proceeds of the Offering will be used during the 2012 exploration program to incur eligible Canadian Exploration Expenses (“CEE”) that will qualify as “flow through mining expenditures”.
As you said, Canadian taxes are different than in the US. However, the US tax code has some similar mechanisms for flowing losses through to investors (both individual and corporate). Though they exist, “tax shelters” are more regulated in this country. This makes them more difficult to create, but not impossible. But similar to the Pretium offering the US code allows flow-throughs mostly for investment partnerships and Subchapter S Corps.
One thing that Pretium did do to help their offering was to hire P & E Mining Consultants Inc. to produce a humongous (I mean 170 pages) “Technical Report and Resource Estimate” on the Brucejack Project. I have that if you want a copy. The timing of this report, “Effective Date: November 28, 2011; Signing Date: January 12, 2012”, sounds a little suspicious. Apparently they needed a “Sales Document” to make the deal work.
The Tax Code is not my expertise, but I am an excellent researcher. I’m happy to help the Original Sixteen. It’s an “Excellent Company” with a great history. My researching also helps me to better understand what to do with my Golden Gate Claim. And I agree that to really understand the Original Sixteen and gold mining in California requires a visit to Alleghany. I’m planning to attend the ICMJ Gold Prospecting and Mining Summit in Placerville, 11-15 May. I would enjoy meeting you and learning more about the Sixteen.
in reply to: Miscellaneous #5146The draft proposals for dredgeing are out, close of public comment is a few days away, please go to western mining alliance’s website and check it out. Big Al
http://westernminingalliance.org/in reply to: Clips from Alleghany #5145The planning department in Sierra
County is much like the planning
staff in Alpine, another small
county. They’re philosophy is not
to stiffel and discourage local
business endeavors but to Enhance
and Encourage them. My chapeaut
is off to them and to others like.
They realize they are working for us and not us for them!!in reply to: Clips from Alleghany #5144Big Move Forward for Sixteen to One
This morning the Sierra County Planning Commission approved the rezoning of the Sixteen to One mine from General Forest to Industrial. The project involves a County initiated Zone Amendment that was included in the County General Plan. Twenty five agencies received notice of the proposed change. None raised environmental concerns. The planning staff findings say, “The proposal will not have a significant adverse effect on the environment and is statutorily exempt from the California Environmental Quality Act.
The commission took action recommending the Sierra County Supervisors approve the zone amendment project and adopt an ordinance amending the zoning from GF District to IN District pursuant to Sierra County Code 15.32et.seq. Paper will be completed this Spring after another public hearing (required by law).
Mike Miller testified before the Commission stating that this action is good for the Sixteen to One and also may benefit other mining operations in Sierra County. After the meeting Scoop learned that another significant result from this project is the changes it makes to California’s claim that the Sixteen to One qualifies for regulation under the Surface Mining and Reclamation Act of 1976. Miller has issues with the Department of Conservation enforcement of the position of the agency. “This mine has operated over 100 years and is an underground gold mine not a surface mine. SMARA has a purpose to protect people, communities and the environment; however, it is a stretch to count our mine as one under that law.” Most rural and small counties lean for local control instead of Sacramento’s interpretation of life in the back country. Congratulations to the planning staff and commissioners for their actions today.
in reply to: Gold Enters Major Bull Market #5143Thanks REAP for alerting me to Pretivm.
Robert Quarterman, president of Pretivm Resources has an interesting background in finance and increasing shareholder value. Silver Standard, a small company which Mr. Quarterman successfully exploited, had similarities to Original Sixteen to One Mine, Inc. Junior mining companies must be evaluated on their own. They do fall into classifications, when studied; however, their differences are most important to recognize and discuss.
In reading Pretivm’s financials, Note 4, the huge increases in capitalization puzzle me. Canada established accounting rules that differ from American. The treatments of “reserves” differ by definition before assigning them an asset value accounting on a balance sheet as well. Pretivm calls itself an exploration company. Most juniors are exploration entities.
Tax treatment is more advantageous for metal mining in Canada than the United States. There are very few US gold mining corporations operating anywhere. Having said all this, our Company can learn from Mr. Quarterman’s financial wizardly ways. Our holdings, current and past operating histories may be considered beyond exploration. Production comes to mind. I noted on the income statement for Pretivm no line item for gold or silver sales.
Over the past three decades, gold stock pundits wrote that the exploration companies (most speculative) were more exciting a gamble than gold producing companies. The belief was based on the notion that a big company would take over a small exploration project, thereby rewarding the exploration company shareholders a good uptick in stock price. They all chimed in that once a gold company begins producing gold the stock luster fades. I disagree!
Our properties are difficult to analyze. Our company is an anomaly. It is so strange an occurrence in junior gold companies that outsiders frequently don’t know the questions to ask. How can anyone with a feel for gold lose interest in pursuing an investigation! The Sixteen to One should bore no serious gold advocate or person desiring to profit from their accumulated wealth.
This is our immediate goal: expose the money making opportunities to people willing to take a close look and step outside the old conventional box. I need help extending invitations to individuals or companies willing to investigate America’s oldest gold mining company (Original Sixteen to One Mine) in the world’s most proven gold deposit with the least miners employed in their trade. That would be California.
Briefly, following are important facts: the mines are on privately owned property, not federal lands; the infrastructure for mining is in place; great maps and reports exist; corporate profile excellent for growth; knowledgeable people associated with the company; spot price for gold not an issue of importance due to unique demand for Sixteen to One gold; expectation of gold production immediate; motivated management.
Our business plan is to complete a private placement, spend the money wisely, evaluate results, reactivate stock market identity, prepare our first public offering, spend the proceeds wisely, declare a gold dividend, and evaluate California’s gold mining opportunities. The only way to fully disclose Original Sixteen to One Mine Inc. and its mines requires a visit to Alleghany. Your help is appreciated.
in reply to: Miscellaneous #5142Josephine County, Oregon. Sheriff Gil Gilbertson has been researching the constitutionality of the actions of the federal government, his ten page document is well worth reading and passing on. http://politicalvelcraft.org/2011/12/16/breaking-oregon-sheriff-gil-gilbertson-continues-stand-against-federal-government-in-his-county/
in reply to: Gold Enters Major Bull Market #5141Bluejay,
I understand your point about being able to locate the pockets of gold in the veins before any investment is possible. I am searching some other technologies developed by non gold mining companies that might be useful in combination with the GPR data.
But, I want to add this post to show that private placement is becoming a more common form of finance in the gold industry. This is also a mechanism that can create a public market on the Exchange. Pretivm did increse its gold reserve estimates as a necessary first step, then sought financing. I am searching to learn what Pretivm used to determine these reserves.
——————
Pretivm Closes Bought Private Placement of Flow-Through Shares
MARKETWIRE – Mining and Metals
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (“Pretivm” or the “Company”) is pleased to announce that it has closed its private placement of 1,250,000 flow-through common shares (“Flow-Through Shares”) of Pretivm at a price of $18.50 per Flow-Through Share for aggregate gross proceeds of $23,125,000 (the “Offering”).in reply to: Gold Enters Major Bull Market #5137I am prepared for a phone meeting at 11am with a lawyer consultant for MSHA regarding some citations issues on May 10 2011; so I have a moment to take up the conservation in this topic.
A past director told me years ago his answer when people asked him about the future price of gold. (He was a former president of Ranchers, a successful early public company that merged into Hecla.) By early, I mean those companies flourishing once the federal restrictions on price and ownership in 1975. Lee answers, “Many factors affect the price of gold, but the one point I can make with full confidence is that the price will either go up or go down.” This truth comes from a senior mining executive who had high- level experiences in the industry. I adopted his wisdom. It is unarguable.
What intrigues me now about the comments below are attempts to bring forth a positive new approach to gold investment and with the idea of merging two technologies. REAP is on to something. New technologies led to Nevada’s fantastic gold revival, which began in the 1960’s. Electronic gold metal detectors revived the Sixteen to One in the 1990’s. Smaller, faster, cheaper, equipment development has occurred that remains untested at the Sixteen to One. People unfamiliar with this world class gold deposit cannot imagine the affect technology brings to the Sixteen to One. when gold exists in such unusual concentrations, even primitive electronic equipment works. It is a proven technology for locating, mining and processing gold. (This technology is useless in low-grade deposits.) Yes, a technical upgrade will prove successful.
So what do we do? Where shall we concentrate our efforts? Where are we? What will make us obscenely profitable? How do we attract whatever is needed to prosper? How can or what should a person with interests in placing some capital in gold evaluate gold and proceed to invest in the current market? I have serious answers to these question but time draws short. Would some of you offer us your thoughts?
in reply to: Miscellaneous #5140California State Senator Noreen Evans from the 2nd District just got another reminder that she has failed, again, to address my concerns relating to the Central Water Board’s persecution of our family’s investment in the Original Sixteen to One Mine.
in reply to: Gold Enters Major Bull Market #5136Bluejay,
Here is 2011 Gold Report. Global demand for gold in 2011 rose to 4,067.1 tonnes (t) worth an estimated US$205.5 billion – the first time that global demand has exceeded US$200 billion and the highest tonnage level since 1997.
The main driver for this increase was the investment sector where annual demand was 1,640.7t up 5% on the previous record set in 2010 and with a value of US$82.9 billion.
The pre-eminent markets for investment demand in 2011 were India, China and Europe. Central banks continued the trend established in 2010 of being net buyers of gold.
I understand your point about “seeing” the gold through the quartz and slate. GPR sounds promising but it may be too noisy. Maybe it could be combined with another technology such as sonic mapping in a 2 stage process. First, sonic could map the location of quartz veins, and then GPR could focus on pockets within the already mapped quartz. This is just a thought, but often using 2 technologies is better to focus on the target. For example, the US Air Force uses satellite IR combined with over the horizon radar to detect rocket launches.
in reply to: Gold Enters Major Bull Market #5139The 16 to 1 has a very famous
name, albeit historic. Think about
setting up a purveyor system and
sell the mines gold outright like
these advertisors claim they are
doing. There must be something in
it or they wouldn’t be on the
“tube” hawking their wares. You
might eliminate a middleman or
two.in reply to: Gold Enters Major Bull Market #5138The 16 to 1 has a very famous
name, albeit historic. Think about
setting up a purveyor system and
sell the mines gold outright like
these advertisors claim they are
doing. There must be something in
it or they wouldn’t be on the
“tube” hawking their wares. You
might eliminate a middleman or
two.in reply to: Gold Enters Major Bull Market #5134Gold $1724.80 UP $3.70
Silver $33.28 OFF $0.30
US Dollar 79.57 UP 0.16FYI
The crossing of the faster MACD divergence moving average line to the upside(chart linked below) is suggesting that short term dollar strength is upon us.
in reply to: Miscellaneous #5135This is short and to the point in regards to keeping the faith:
My son was told, by a dealership mechanic, that a 2004 Civic Honda just left ahead of him after being serviced in Las Vegas with 1,200,000 miles on it. It has been used as a courier service between Las Vegas and and Los Angeles.
Of course, it has been run on synthetic oil, no sludge.
And then I started thinking about our State bureucrats and all the sludge they shovel our way. All we have to do for the Mine is get rid of the delutional muckrakers who are bleeding our resources and fouling up our operation. Politicians, at the most, produce nothing but their own waste.
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