Saturday, September 7, 2013

When You Search On Google, Google Panders To Your Pre-Defined Belief System

Did you know that when you search for something on Google the results you see are "tailored" to your own personal belief system? Try it yourself sometime if you don't believe me. Do a search for something controversial such as something political for example and have your friends and family do the exact same search. Then watch as you all get different results based on how Google has defined your personality based on your past search history. Try it with different search terms and see how Google is pandering to your own belief system and setting you up in a self reinforcing feedback loop that only lets you see what you want to see and not the other sides of what may actually exist. Scary stuff and a great reason to stop using Google.

Tuesday, August 27, 2013

Quote On Gold From Ayn Rand

The quote below is by Ayn Rand:

“Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence.  Destroyers seize gold and leave to its owners a counterfeit pile of paper.  Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.  This kills all objective standards and delivers men into the arbitrary setter of values.  Gold was an objective value, an equivalent of wealth produced.  Paper is a check drawn by legal looters upon an account which is not theirs:  Watch for the day when it bounces, marked “account overdrawn.”

Monday, August 26, 2013

Wesdome Mines Showing Signs Of Life (Nas:WDOFF;CA:WDO)

Canadian gold mining company Wesdome Mines is showing serious signs of life after its stock has languished for a long time.  In the past week or two the company's shares have risen from around $0.40 to $0.70 per share.

Wesdome has been in the mining business for over 25 years and has a strong balance sheet and a positive cash flow.

Check them out here.

Monday, March 4, 2013

The Penny Sleuth Misses The Mark On Caledonia Mining Reverse Split

Interesting post here at MoneyWeek.com about Caledonia Mining Corporation (OTCBB: CALVF, CA:CAL, AIM:CMCL).

The Penny Sleuth author starts the article by explaining that Caledonia Mining Corporation is going to "consolidate its shares" in which he is referring to the 10 to 1 reverse split that Caledonia Mining is planning on undertaking.

Then the author goes on to state "You would think that the type of investor that Caledonia is attempting to attract with this manoeuvre would have the brains to understand the irrelevance of the nominal share price, which tells you nothing about a company’s stock-market valuation."

The purpose of the reverse split is clearly NOT UNDERSTOOD by the genius writing this scathing article about Caledonia Mining. So let me lay it out for him.

By performing the reverse split, the new share price of Caledonia Mining will be over $1.00 per share at current market prices. This opens the doors to a whole new class of investors as Caledonia Mining will no longer be considered a "penny stock".

Penny stocks are known to be highly risky and therefore have many restrictions placed on them for investors wanting to trade them. Penny stocks are highly illiquid when compared to similar companies that are not penny stocks.

There is a huge amount of negative sentiment surrounding penny stocks and this literally steers most investors away from them as they are seen as simply being too risky.

If Caledonia's common shares were trading above a dollar, many more investors may be willing to consider Caledonia Mining Corporation as an investment option.

This article went on to talk about the risks of investing in a company like Caledonia that has its main operating mine in unstable Zimbabwe.

Thursday, February 21, 2013

Clifton Mining Company & Desert Hawk Gold Corp - Going For The Gold & Silver

Clifton Mining Company has spent years and years accumulating all of the small mining claims in and around Gold Hill inTooele County Utah in what is now being termed the Kiewit Mining Project.

In fact, according to Rick Havenstrite who is heading up the operations for Desert Hawk Gold Corp., they have invested more than $12 million dollars in this project including the permitting process and refurbishing the mill.

The very exciting part is that this project is just about to start actual production. It has been a long time coming. I am very excited about it as a shareholder of Clifton Mining Company (stock symbol: CFTN). Clifton has survived and progressed this project for years by prudently structuring joint venture agreements with partners that have brought all of the necessary funding and operational capabilities to the party.

Clifton has been able to watch as their properties have continued to grow in value and move toward profitable cash flow without having to spend a dime. Once this project begins production, Clifton will start receiving a steady cash flow from royalties based on the amount of material mined.

If there are no adverse actions taken, this project will gain final approval on March 13th and production will begin in earnest.  Here is a great article for those who want to know more about this project.


Thursday, February 14, 2013

Clifton Mining Company Continues Progress

Clifton Mining Company (CFTN) is getting very close to reaping the rewards of a long term commitment to acquiring and developing the Keiwit mining project in Utah among other projects.

What is exciting is that the final mining permit for this HUGE project is at the BLM waiting on comments. You can see the announcement here: http://www.blm.gov/ut/st/en/fo/salt_lake.html.

Kiewit covers the existing Herat Mine, a small operation acquired by Desert Hawk from Dumont Nickel Inc., which had invested at least $7 million developing mining claims there before running out of funding, according to Desert Hawk President Rick Havenstrite. (source).

There are some very attractive things to consider when looking at Clifton Mining. Here are a few.

-Clifton owns a substantial percentage of American Biotec Labs, a highly successful health products company that manufactures a line of nano-silver health produts.

-Clifton has an extremely small share count. Outstanding common shares as of December 31, 2011 were only 56,011,606.

-Clifton has positive cash flow from its investment in American Biotech Labs

-Clifton has partnered with other companies in order to finance its projects. This has led to minimal expense to Clifton while leaving all the risk to other companies such as its previous partner Dumont Mining.

-Clifton is set to receive royalties from production which will make clifton more like a mining royalty company with no operations to worry about. 

-Clifton has other properties that it is developing at this time that add more value.

Clifton Mining is right on the precipice of becoming a cash generating machine. Once this happens, the shares should soar.