Alan,
Please read the last section... latest e-mail from Keith (reprinted with his consent). Sounds much better!!! Now if only the public could read about these things... and the price of silver would go back up <VBG>!!
Martin E. Frankel wrote:
>
> Keith Moeller wrote:
> >
> > Dear Martin,
> >To me it would seem that the US market is still short, why else
> >would you have such an absurd spread on the stock $0.37 at $0.63. > >It seems that they want to buy some shares at a basement price > >without selling any on the other side. I expect the shorts that
> >may have been produced have not been covered yet. Also, we have > >gone through periods where we have traded few shares before. Last > >year we had several periods that lasted weeks, but we still
> >traded over 7 million shares on the year and that was on the > >Alberta exchange alone and in the wake of Brex. I know it seems > >slow right now but we have traded about 3 million shares in the > >last 2 months. I also think the fact that silver has dropped about > >a dollar an ounce hasen't helped, I know that our price climbed > >when silver went up in February.
> > You really seem to have it out for our PR company, and it > >may be true that they need a wake up call, but they have got us > >printed in a bunch of professional mining and other newspapers and > >magazines even in the last few weeks. They also sent out over > >7,000 of our Industry and Investment News brochures to brokers all > >over the US and Canada, with also a good follow up program. We have > >had information printed in the Business in Calgary Magazine, The > >Northern Miner, The Mining Record and others.
> > I am sorry to hear about Claude, I enjoyed talking to him > >when he called. But, as it should be, he is free to do as he > >chooses. As for myself, I will continue to be right here working > >and helping to oversee what I think is an exciting time of growth > >for us. We are moving on all fronts and have a shareholder meeting > >in about a month. We are currently opening up two new veins with > >tunnels, the assays are looking good and I can't wait to start > >getting ore for the mill from them as well. I expect that as we go > >along we will loose a few supporters, but as we continue to grow I > >think we will also gain new ones.
> > Have a Good Day,
> > Keith
> >
> > PS. you are welcome to share my views with Dan and the rest of the
> > gentleman on SI if you choose.
> ________________________________________________________________________________________________________________________________________________
>
> Dear Keith,
>
> Thanks for your response. I took the liberty of not only posting your reply to me on the SI string, but also added my two cents... which you may or may not agree with. I have nothing against the PR company per se except for what I mention in my post on the string:
>
> << May I suggest that all of those having a vested interest in Clifton send Keith an e-mail: Keith Moeller <clifton@cliftonmining.com> expressing your feelings regarding the lack of public press releases regarding the Company's progress, etc.. The PR firm sending out info to brokerages, magazines, etc. is fine, but (IMHO) we need the investing public to have a steady stream of news from the Company. A higher stock price is to all our advantage... not from a trading point of view, but from an investment aspect. The higher the stock price, the less dilution that will occur in the future. Most of us know the story behind Clifton. The problem, at least as I see it, is that the investing public for the most part doesn't even know Clifton Mining exists... forget addressing its enormous potential. Certainly the price of silver has had some bearing on the stock price, but how many people know that Clifton can produce at a very low relative cost due to the presence of other metals in the ore? How many know that only a small percentage of the property has been thoroughly assayed? And on and on and on. >>
>
> The original "talk", Keith, was that only about 10% of the Clifton
property had been drilled and assayed... and these were not even the
best potentials even though the results were excellent. What kind of
progress is being made in proving-up the other 90%?
>
> What is happening with the new acquisition? Very few know the price
paid... even though it only bought a majority interest. There has been talk that stock was issued thereby diluting the stock. I understand the necessity for silence if you are trying to obtain the balance of the other company, but you must realize what goes on in the rumor mill.
>
> We all know we are in a lousy market, but there are still plenty of
investors out there who would jump all over Clifton if more facts were
released. Mining investors post-BreX want hard verified COC numbers and constant news regarding progress. My investment and most certainly yours (to a much greater degree) depend upon the investment world's perception and belief in Clifton Mining. It takes public PR together with PR to brokerages to achieve it. Have they tried interesting Bob Bishop, Doug Casey, etc.... some of the better known and followed mining newsletter writers? Most brokerages are not very excited now about mining companies, but there are many private investors who are... if only they knew Clifton existed.
>
> Keith, I hope you take this as positive thoughts and just a summary of what I, as an outsider, am hearing from other investors. I have not sold any of my stock, but would like to see a more aggressive stance taken in bringing Clifton forward to the public. Just facts... no hype!
>
> Best always,
>
> Marty
******************************************************************************************************************************************************************************************************************
Marty,
The original property number that was released was 10% of the first eight of 38 veins. We figure that we have so far tested and have had approved about 3-4% of the Shear Zone system potential. We are currently working on 3 more sections of veins, which we hope to have approved by the end of the summer.
The beginning work (geological) has already started on the new Woodman properties and the first set of assays made it to my desk today and I have to say that I am pleased. Work on the Cane Springs Mine starts on Monday. There was NO stock issued in gaining the majority interest in Woodman. The Woodman stock was purchased in cash transactions totaling about $45,000. In the deal we gained the majority interest in a company with $80,000. in the bank, 174 acres of patented mining property and a registered, second supply of water for the mill. More information will be released in the near term. You can also give this info to SI.
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