Ok I am locked and loaded. Scaled in all week and I'm holding calls and shares.
Now bring on the PEA that expands mineable materials by 10x!!
Sentiment: Strong Buy
Read this article: "Goldman Sachs in huge bullion buy from cash--strapped Ecuador"
It is published on mining web site. I can not copy/paste the URL since it is not allowed on yahoo platform.
Are you only 18 years old? No wonder you don't understand what a trustee is! A trustee is someone who holds property (or any other assets) for someone else, usually to facilitate a transaction. For example, I have a title company named as a trustee on properties I own. This was part of Crupi's business, transferring and selling properties. I should add that the Title company won't respond if I get foreclosed on - just like Crupi didn't.. You also imply that Crupi lied on his data. The PEA is done by an independent, third party geotech firm. All upgrades are done by a certified third party firm. The new upgraded PEA is going to be out very soon and the new resources they have found are excellent and costs have also come down, so it will be very good. The company just raised over $4 million in cash in the last 2 months so they now have $9 million in cash. If I were you I'd buy back those shares you sold.
(CRUPI -continued) "The benefits of CCAA is that there are fewer rules and constraints than bankruptcy consolidation," he said. "It's a much more friendly process than the Bankruptcy and Insolvency Act. Our firm acted on behalf of the Senators to bring them out of the reorganization process."
Mr. Crupi has had his hand in a number of high-profile deals since those days, most recently the sale last summer of Titan Consulting to Calian Technology.
"Last summer, I was involved with that deal. Titan wanted to sell and they contacted us. We found Calian and the deal, which was worth between $5 to $10 million, was done in three months, which is amazing. Usually, these deals take forever if they happen at all. The best part was that it stayed here rather than go south."
As well, he was the point man on the arrangement that kept Florida Fitness running.
"We also used the CCAA legislation with Florida Fitness. They were well over $10 million in debt, but we managed to successfully restructure them. That leads to happy stakeholders and a healthy balance sheet."
Here's article about start of Cupri's first company that specialized in reorganizations and bankruptcies and sales of companies:
The Ottawa Senators' restructuring was a difficult time for many as protected and unprotected creditors lost millions of dollars, but one key player has found a silver lining in the ordeal.
Chris Crupi (photo supplied).
Chris Crupi, a vice-president at PricewaterhouseCoopers during the Sens financial crisis, worked with provincial and municipal governments and banks as the Sens sought to restructure under the Companies' Creditors Arrangement Act (CCAA). The act permits insolvent companies to keep their creditors at bay for a period of time while they attempt to reorganize.
Since then, he has ventured out on his own and found the economic landscape to his liking.
"I spent 12 years working in large firms offering professional services and rose to the level of vice-president at 35 years of age - a rather significant achievement," he said. "I wanted to loan my services out to other companies, so I set out on my own last summer and it has gone amazingly well. It just took off through word of mouth because I've done no advertising."
He now runs his own firm, Markham, Crupi and Associates, with partner Peter Markham, and credits his work with the Sens for helping to make an already weighty reputation that much stronger.
"The Senators deal was quite a long job. I was engaged to consolidate and sell the team and wrote all the core reports. I dealt with the team, management and payroll and I dealt with (new owner Eugene) Melnyk's team and lawyers. It was very interesting."
At the time, it was widely speculated the team would declare bankruptcy, but the number crunchers used their imagination and came up with an alternative while a buyer was being sought.
"Once we found the right buyer, we spent a lot of effort to make sure the deal happened. The team could have moved. There was a lot of, let's say, stick handling involved with the province, the city and banks. It was an exercise in negotiation."
Thus, the CCAA was invoked.
"The CCAA isn't used often," Mr. Crupi noted. "Companies have to be a certain size - a debt load of $15 million or more - which isn't found around here all that often. The statute allows for the reorganization of insolvent companies. You get to be extremely creative and you can do almost anything. So you come up with a Plan of Arrangement and say to the creditors 'Here's what we're going to do, so we hope you vote for it' and then you go to a judge and show him what you're doing and the creditors vote.
"It was an old statute used to deal with failing businesses during the depression. It came back with a vengeance with Eaton's. Once that happened, everyone said 'Let's use it.'"
Lawyer Stanley Kershman, bankruptcy group leader with the law firm Perley-Robertson, Hill and McDougall, also worked on the project. He described the CCAA as a less stringent method of dealing with failing businesses that allows time for those involved to come up with new ideas
That garbage below not only isn't important, it's a total waste of time to read. I'll post some facts for the uneducated to counter your FUD.
And also why and how has he been CEO of the firm since 2004 earning around 500,000 a year + all those other bonuses Doesn't add up add all he has done nothing, continuing this other guy did a write up on the firm in 2009 and it seems fair enough, read it yourself, in brief he goes about how the company was set up and where all the share options and stuff are going to also he says how PZG are inflating all their grade results from there tests, this would make perfect sense as the higher the grading the more the company is said to be worth giving them the abilit to keep selling shares and taking in loans, (again this is all my research and in no way is this 100% true or I can back . That's the main info so to you all save your selfs ,
Iam sorry to be saying this, I bought this stock when I was 16' I bought 600 shares at 2.80 stupid yes I know, anyway I believe d money was to be made. So I've held this stock for 2 years now, just recently I was getting curious, only slightly hit me when bioweck said it was a POC also know as a pump and dump, anyway so I checked the background history or Christopher crupi / however his full name is Christopher joe crupi, now looking into his past business he owed a company in Canada which looks as if it went bankrupt . Now that's bears in mind a big problem, however as it's in Canada is doesn't affect business in the USA. (Now all of this is my research and I can be wrong ) , so looking into the business further it looks as if the business was set up and the selling of the shares made to cover up the loses in Canada.
Sentiment: Strong Sell
Poser Posters that continue to pound down this Stock are soaking up your fear, do not play that game the fundamentals are strong for this stock and should net every invester a healthy return once the company either joint ventures or sells. One way or the other this stock will return a minimum of a $3-5 share price return. Once the updated PEA comes out the stock will climb again how much I do not know but one thing is for certain, gold will rebound eventually and the turn will equate to significant earnings for those of us committed to the run. I have a ton of shares and this is a great price for this stock today.
Sentiment: Strong Buy
Two pieces caught my attention from the recent PR.
these results could have a major impact on project economics which are already quite robust at current metal prices.
San Francisco and San Antonio could contribute almost ten times more to the mine plan--nearly 42 million tonnes or about 396,000 ounces of gold and 32 million ounces of silver.
Expansion of the previous PEA by 10X and the trade is crowded with shorts? Thoughts on the PEA release? Chatter suggests that it will be completed by June and released by July.
SLAP THE WATER
Sentiment: Strong Buy
Keep buying, even if it goes into the .70's. I have a small collection of mining stocks and have been topping off adding more shares. I'm out of money but want to add more Paramount.
Sentiment: Strong Buy
They could find the Holy Grail and it wouldn't matter.. All PM stocks are tanking because gold and silver prices keep falling, I also noticed the outstanding shares increased a couple million from 155 to 157 mil.
Excellent, spectacular, exceptional, extraordinary, fantastic or great it doesn't matter how they characterize results in their periodic press releases the stock almost every time heads in the same direction. What a stinker.