posted
since there's no latest post on this one. What do you guys think about this one? It has been trading between .005-.006 for the past month. It got stabbed today and broke the support of .005. Opinions?.. Thanks..
-------------------- Learning The Way Of Life.... Posts: 658 | From: Phoenix, Arizona | Registered: Dec 2005
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posted
Got taken down hard yesterday. In a weird way it seems to have the same feel as IGAI did a few months ago. It would be nice. I think I'll grab some and see.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
It looks like I made a good choice yesterday. Hopefully tomorrow I get my 2-3 bagger.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
Good luck...I hope so too...at .0055 now and NITE pushing the bid...anyione know if there is anything going on with this stock...or...is it just a bottom play?
quote:Originally posted by Squire38: It looks like I made a good choice yesterday. Hopefully tomorrow I get my 2-3 bagger.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
I just read that yesterday evening a PR was put out...
To the shareholders of Drake Gold Resources:
As interim CEO and President, it is with great enthusiasm that I update the shareholders of Drake Gold Resources, Inc. First, let me express my continued optimism for the future of the company. This optimism includes current developments as well as additional opportunities that present themselves on a constant basis.
As part of my effort to keep the investment community informed, Drake is implementing a plan to incorporate a high level of transparency into its operations and finances. DKGR's status as a "pinksheet" stock can create a level of apprehension. This is why Drake's goal is to provide shareholders with the information they deserve.
In keeping with this renewed effort, Drake will release the complete current share structure on Friday and will update its website with any future changes in share structure. Any updates will be posted immediately to keep you informed. In addition, on Friday Drake will release the details of its condition, operations and strategic plans as a junior mining company.
As a shareholder myself, I encourage other shareholders to express their points of view to the management team as we are building this company for mutual benefit. I am posting my personal cell phone number here so that you may contact me directly at anytime.
My logic is thinking why would a pink put out a PR containing share structure if it wasn't good.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
Ok, one more speculation thought just so I feel good about myself. It went up 41% yesterday on 1.9 million shares traded. I don't think they dilluted the stocks since it moved pretty good on only 2/3 of the normally daily volume.
I guess we will see.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
I flipped this stock a few times earlier this year for small gains. It never had a huge run, probably because the PR's were always fluff with no meat to them.
Posts: 134 | From: PA | Registered: Mar 2006
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posted
Browndog, I did the same, but for more than a few times. I really liked it when it would go from 0.009 to 0.015. I bought a bunch down at the recent bottom <0.004, and would love to see a penny. In no way do I believe the PR to be released today will have meat to it, but I do think it will clear up any share structure questions. Plus the way it jump yesterday I think it is still good for almost a double from here. Time will tell.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
I think I'm just going to keep an eye on this to see if it developes into a regular trading pattern like last spring. It was very predictible.
Posts: 134 | From: PA | Registered: Mar 2006
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posted
This one should do well for a while. Word is more PR's coming, and this one is a cannon shot. It will probably gap in the am on Monday based on this PR, but you never know with PR's for pinks.
Press Release Source: Drake Gold Resources, Inc.
Drake Gold Resources, Inc. Is Pleased to Announce the Completion of Its Initial Assessment of the Jackpot Placer Gold Project and Announcement of Operations Friday September 22, 4:17 pm ET
CENTURY CITY, CA--(MARKET WIRE)--Sep 22, 2006 -- Drake Gold Resources, Inc. (Other OTC:DKGR.PK - News) is pleased to announce the completion of its initial assessment of the Jackpot Placer Gold Project located about seven miles southeast of the town of Quartzsite in La Paz County, Arizona. Independent geologist, Craig Parkinson, identified approximately 2,050,000 cubic yards of gold-bearing material containing an estimated 205,000 ounces of placer gold resources using a possible grade of .100 ounces per yard. This resource estimate far exceeds the original estimate of 60,000 ounces by previous geologists, and translates into an average of .0667 ounces of gold per ton across the three claims comprising 200 acres.
The numbers reflected in the finalized geological report are conservative thereby revealing the potential for yielding even higher production values. Mr. Parkinson has stated that the Jackpot property "yields above average potential especially considering the gold obtained from past production on the property was extracted using inadequate methods in the past."
Summary
Total estimated gold bearing placer gravel: 2,050,000 cubic yards. Estimated gold per ton: .0667 OZ. (Based on 1 ton = 1.5 cubic yards) Total preliminary estimated ounces of gold: 205,000 OZ. Total dollar potential: 205,000 OZ. multiplied by $500 = $102,500,000 (Gross Proceeds)
Current Parkinson Geologic Services Jackpot Placer Property Mining Evaluation available here in Acrobat PDF format (PDF reader) (Sept. 22nd, 2006):
With the initial geological report completed, Drake will now complete its application for the BLM Operation Permits. The permit application should take about a week to complete and contains information such as the location of operations, the current land disturbance level created by prior operations, the estimated new disturbance that is to be created by projected operations, and the length of time the permit is to be in effect. After the permit is submitted, a reclamation bond amount will be set. This bond is to ensure that the land is restored back to within set guidelines after the termination of operations. The approval process for the BLM Operation Permit is normally 2-3 weeks.
Equipment
While waiting for the BLM Operation Permits to be issued, Drake will continue to acquire the equipment necessary to begin operations. To date, Drake has secured the use of the most expensive single piece of equipment necessary for a placer operation: the Caterpillar D9. This heavy bulldozer now resides on the Jackpot property and will be used to start stockpiling gold bearing material next week in preparation for processing. In addition, the water well which resides on the property has been repaired and is functioning. Equipment still needed are a Scrubber, Trommel, Concentrator, and a 100kw generator. Drake has located each of these items and is currently in talks to acquire them via lease or outright purchase. Normally, using this equipment, Drake could expect to process 40-45 cubic yards of gold bearing material an hour. However, utilizing the expertise of Norm Pearson, his "Rock Box" and constructing a plant, Drake is projecting with the upgrades to process up to 100 - 300 cubic yards an hour or 150 - 450 tons at its peak. Using the estimate of .0667 ounces of gold per ton, the operation may yield 10 - 30 ounces of gold an hour.
Interim CEO Clayton Smith was excited to say, "Although we were hoping to release the information previously, we are now happy to say that we will be starting operations as early as next week. Yesterday, Norm Pearson, Drake's Project Manager, and Craig Parkinson, Drake's Geologist, discussed the plan of operations after review of the report and have now outlined the next few steps that will make Drake Gold a precious metal producer."
Commenting on the addition of other experienced mining management, he continued to say, "We are now bringing in a mining team that will ensure the success of Drake's mining operations. This includes a new CFO, several directors, a compliance attorney, a business analyst and eventually a new CEO and President once I believe I have brought Drake to the producing and compliant level that will guarantee growth of shareholder value. Announcements will be made starting next week due to the fact we are now starting operations."
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact:
Contact: Drake Gold Resources, Inc. Investor Relations Hotline 1-888-601-9983
Clayton Smith CEO Cell: 310-728-9445 Email: Info*DrakeGold.com
posted
I guess people missed this PR this morning...
September 25, 2006 - 5:00 AM EST
Independent Geologist for Drake Gold Raises Estimation to $102M of Recoverable Placer Gold From Jackpot Placer Project
Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce the completion of its initial assessment of the Jackpot Placer Gold Project located about seven miles southeast of the town of Quartzsite in La Paz County, Arizona. Independent geologist, Craig Parkinson, identified approximately 2,050,000 cubic yards of gold-bearing material containing an estimated 205,000 ounces of placer gold resources using a possible grade of .100 ounces per yard. This resource estimate far exceeds the original estimate of 60,000 ounces by previous geologists, and translates into an average of .0667 ounces of gold per ton across the three claims comprising 200 acres.
The numbers reflected in the finalized geological report are conservative thereby revealing the potential for yielding even higher production values. Mr. Parkinson has stated that the Jackpot property "yields above average potential especially considering the gold obtained from past production on the property was extracted using inadequate methods in the past."
Summary
Total estimated gold bearing placer gravel: 2,050,000 cubic yards. Estimated gold per ton: .0667 OZ. (Based on 1 ton = 1.5 cubic yards) Total preliminary estimated ounces of gold: 205,000 OZ. Total dollar potential: 205,000 OZ. multiplied by $500 = $102,500,000 (Gross Proceeds)
With the initial geological report completed, Drake will now complete its application for the BLM Operation Permits. The permit application should take about a week to complete and contains information such as the location of operations, the current land disturbance level created by prior operations, the estimated new disturbance that is to be created by projected operations, and the length of time the permit is to be in effect. After the permit is submitted, a reclamation bond amount will be set. This bond is to ensure that the land is restored back to within set guidelines after the termination of operations. The approval process for the BLM Operation Permit is normally 2-3 weeks.
Equipment
While waiting for the BLM Operation Permits to be issued, Drake will continue to acquire the equipment necessary to begin operations. To date, Drake has secured the use of the most expensive single piece of equipment necessary for a placer operation: the Caterpillar D9. This heavy bulldozer now resides on the Jackpot property and will be used to start stockpiling gold bearing material next week in preparation for processing. In addition, the water well which resides on the property has been repaired and is functioning. Equipment still needed are a Scrubber, Trommel, Concentrator, and a 100kw generator. Drake has located each of these items and is currently in talks to acquire them via lease or outright purchase. Normally, using this equipment, Drake could expect to process 40-45 cubic yards of gold bearing material an hour. However, utilizing the expertise of Norm Pearson, his "Rock Box" and constructing a plant, Drake is projecting with the upgrades to process up to 100 - 300 cubic yards an hour or 150 - 450 tons at its peak. Using the estimate of .0667 ounces of gold per ton, the operation may yield 10 - 30 ounces of gold an hour.
Interim CEO Clayton Smith was excited to say, "Although we were hoping to release the information previously, we are now happy to say that we will be starting operations as early as next week. Yesterday, Norm Pearson, Drake's Project Manager, and Craig Parkinson, Drake's Geologist, discussed the plan of operations after review of the report and have now outlined the next few steps that will make Drake Gold a precious metal producer."
Commenting on the addition of other experienced mining management, he continued to say, "We are now bringing in a mining team that will ensure the success of Drake's mining operations. This includes a new CFO, several directors, a compliance attorney, a business analyst and eventually a new CEO and President once I believe I have brought Drake to the producing and compliant level that will guarantee growth of shareholder value. Announcements will be made starting next week due to the fact we are now starting operations."
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Source: Market Wire (September 25, 2006 - 5:00 AM EST)
posted
Estimates, possiblities, but of course with Novak Capital, NOTHING PRODUCED! Just another PR, like the one's you see with TNOG, that Novak Capital pumps. Funny TNOG in 3 years, hasn't produced anything either!
I guess when the CEO of a company's backround consists of being a STOCK PROMOTER, one shouldn't expect any less.
If only us small investors could short penny stocks like the MM's. We'd all be rich!
Something tells me, not one ounce of gold will ever be produced. Posts: 71 | From: Bronx NY | Registered: Dec 2005
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Drake Gold Resources Welcomes Two Mining Professionals to the Board of Directors Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce two new appointments to the Board of Directors.
Drake Gold Resources, Inc. announces the addition of John Cerenzia to the Board of Directors.
A graduate of the Canadian Institute of Management (CIM), Mr. Cerenzia's many years of experience with small capitalization and junior resource companies add immediate value to Drake. He has served as president or director for several TSX-V listed companies:
-- Alive International Inc. (now Simberi Gold Corporation), a mineral exploration company with properties located in Papua New Guinea and Western Australia -- 701 Media Group (now YSV Ventures Inc.), a mining company with properties in Ontario -- Wycliffe Resources, a soon to be listed TSX company with diamond exploration properties in Northern Ontario -- Richview Resources, a mining company with properties in Ontario -- Hellix Ventures, a company with properties in Mexico and producing oil and gas properties in Western Canada
Mr. Cerenzia was also former president of Aquarius Investment Group, a private company, and worked for the Ontario Ministry of Transportation as a Systems Business Analyst for 32 years.
Currently, Mr. Cerenzia serves as president of CerCan Communications Inc., a private company, and sits on the board for Simberi Gold and Kent Exploration. With his extensive knowledge and active involvement in financing and management related to mineral resource exploration, John Cerenzia will immediately assist in ushering Drake into its next phase of growth.
Drake Gold Resources, Inc. announces the addition of John Marconette to the Board of Directors.
Mr. Marconette has a successful long-standing reputation in the business of investments and acquisitions. He has been self-employed for 20 years where he has been involved with turnaround projects which have transformed companies from negative to cash flow positive. For the past five years, Mr. Marconette has been involved in the mining industry matching mining companies with profitable projects. Over the past 6 months, John Marconette has been exclusively helping DKGR prepare for upcoming acquisitions including the facilitation of the acquisition of the Jackpot Placer project. Mr. Marconette will continue to prepare the Jackpot Placer project for gold production while he reviews several other opportunities aimed to increase Drake Gold's net cash flow.
Drake Gold Resources, Inc. would like to thank Nia Stefany for her work with Drake while acting as interim CFO, Secretary, and director. During her four-month contract, she helped lay the foundation for Drake Gold to become a profitable mineral exploration company as well as a fully reporting company. In a coming news release, Drake will be announcing a new CFO whose duties it will be to manage Drake's accounting, auditing, and financial position on a full time basis. In addition, Drake will also be welcoming a compliance attorney who will manage Drake's legal affairs and continue the OTCBB listing process.
Clayton Smith, interim CEO and President said in regards to the changes in management, "Drake Gold is thankful to have such mining talent join the board of directors. We are now moving fast into the production phase and are sticking to our plans of acquisition that will produce profits with little or no dilution. This is the next chapter of Drake Gold and we are confident our shareholders will openly welcome the new team as we start to increase shareholder value."
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Source: Market Wire (September 28, 2006 - 10:56 AM EST)
posted
I sold half of what I had today that I bought earlier in September. LEtting the other half ride till at least Monday.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by jrussin2006: Squire, you made pretty good bank. Congrats. What else are you in now?
Actively: AAGM, RGUS, BKMP.
Riding free shares in a bunch of others.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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Willy Wizard Profiles DKGR (and gets paid to do it!)
Date: Sun, 8 Oct 2006 14:04:45 -0400 (EDT) From: "Hal Engel aka Willy Wizard" <************comcast.net> View Contact Details Add Mobile Alert To: rjwarren0412*yahoo.com Subject: Willy Wizard Profiles DKGR Drake Gold Resources
Willy Wizard Profiles Drake Gold Resources
Pink Sheet: DKGR
paid advertisement About Drake Gold Resouces Drake Gold Resources Inc. (DKGR) is an early-stage mining and energy company that focuses on the exploration and production of precious metals and energy, such as petroleum and coal. Several projects have been identified through Thunder Gulch Resources, Ltd. and its resources in North America. DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include gold, silver and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico. Drake Oil & Gas division has prime targets extending from South Texas to the the Barnett Shale in Texas, from California to Louisiana. Web Site: Information about the Company, Operations, Investor Info and a Mining Glossary Recent samples from the Jackpot property
Readers, Drake Gold is a company I have followed for many months. Drake is growing at a rapid rate acquiring investment grade assets. Drake is about to take their next step by moving into mining production. Once Drake starts mining an revenue source begins. I consider Drake Gold Resources a long term investment. This company has growth ahead for it and it should be fast. The above pictures of Drake’s “Jack Pot Gold Property’s gold content shows us gold is on the property. The new assay valuation suggests a much higher share price then the current .01 close Friday. New Assay pdf is located in the above link to company web site. Disclaimer Release Of Liability: This email (***********.com) does contain paid advertisement. This email should be considered paid advertisement on behalf of the Companies, IR Firms or non affiliated third party whose articles and/or information might appear herein and may not be construed as investment advice. No analysis has been made by the Publisher of the financial position, condition, business, and other factors about the Company(s), which may appear in the advertisements contained herein. The information contained herein is based upon sources, which may be consider reliable but is not guaranteed by ***********.com or officers, directors, employees or any affiliated parties. Any sales and/or earnings forecasts were obtained by and/or from audited financials and/or news releases and unless otherwise stated are not endorsed by the management of the company which is the subject matter of this advertisement. The Publisher, therefore, makes no guarantee as to the reliability of such information. Statements in this publication are made as of the date stated and are subject to change without notice. The advertisements are not a solicitation to purchase, hold, or dispose of shares warrants or options of an advertising Company(s) or IR Firm(s). All corporate profiles are for the sole purpose of corporate image marketing only. Readers should consult with their own independent tax, business and financial advisors with respect to any investment opportunity, including any contemplated investment in the advertised Company(s). All information concerning a Company advertising herein and contained in this website should be verified independently with such company and an independent securities analyst. The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this image marketing advertisement have been compensated $4,000.00, 1,000,000 Restricted Rule #144 shares by Novak Capital for company image advertising. In addition 1,000,000 free trading shares are expected from a third party. This compensation should be viewed as a potential conflict of interest. Furthermore, ***********.com or any parent company, employees, associates, or affiliates and families may have financial positions in profiled companies. The Publisher will therefore benefit from any increase in share price as to the stock of any Company(s) or IR Firm(s) advertising herein which is held by the Publisher. The Publisher may increase or decrease its ownership interest in the Company at any time before, during or after the distribution of any paid or non paid advertisement. We may profit in the event the shares of any Company profiled by us increase in value. These positions may be liquidated from time to time even after we have made positive comments regarding the Company. The owner of this web site does reserve the right to buy, sell or hold company stock of companies listed on this web site. The owner also reserves the right to trade listed company's stock multiple times per day without notice to readers.Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer releases the publisher from all liabilities fro any losses a read my incur. Section 17 of the Securities Act of 1933, which covers Fraudulent Interstate Transactions, and specifically 17-(b) which reads as follows: "Use of interstate commerce for purpose of offering for sale. It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purposing to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof" SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS Except for historical information contained herein, the statements on this website and newsletter are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the companies operations. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ``anticipate,'' ``estimate,'' ``expect,'' ``project,'' ``intend,'' ``plan,'' ``believe,'' and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Disclaimer: http://www.***********.comPosts: 330 | From: oregon | Registered: Dec 2004
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posted
DKGR finished the day strong. Up 11% with heavy volume (most of it after 2 PM). I wonder if a PR is expected next week on their Jackpot Mine? Might be good for a quick swing.
Posts: 134 | From: PA | Registered: Mar 2006
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posted
be careful with this one..it wont break .015 and has been pumped several times on ihub...imo
Posts: 330 | From: oregon | Registered: Dec 2004
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