BullionRiver America's Next Great Gold Producer...


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4930 Postings, 7341 Tage RöckefällerBullionRiver America's Next Great Gold Producer...

 
  
    #1
2
21.06.06 23:06


http://bullionriver.com/BLRVPresentationJune2006.htm

Wer jetzt immer noch nicht eingekauft hat, dem ist nicht zu helfen! Ich bin fest davon überzeugt, daß wir hier bald locker die 2€ erklimmen werden!

Nach IQ Power wird auch diese Firma große Gewinne abstossen für Diejenigen, die jetzt einsteigen! Es wird bald teurer werden Aktien von BullionRiverGold zu erwerben!

Und im Gegensatz zu De Beira Gold ist dieser Titel nicht nur heiße Luft!

Cu
Röckefäller

Moderation
Zeitpunkt: 04.07.06 12:57
Aktion: Forumswechsel
Kommentar: Regelverstoß

 

 

4930 Postings, 7341 Tage RöckefällerAktuelle Analyse von Tell Capital AG...

 
  
    #2
04.07.06 11:16
http://www.tellcapital.ch/images/PDF/BLRV-Tell-Report-Juni-2006.pdf



Aktie bleibt vorerst wie fest getackert in einer engen Range. Hoffentlich geht die volle Produktion bald los! Es wird Zeit Geld zu verdienen mit Bullion River Gold!

Cu
Röckefäller
 

4930 Postings, 7341 Tage RöckefällerNächster Anlauf auf das 52-Jahreshoch?

 
  
    #3
06.07.06 10:31
... Bullion steigt seit längerer Zeit mal wieder auf über 0,70€ !!!

Ich halte fest bis 3€ und werde zwischendurch vielleicht mal mit ein paar Stücken Kasse machen.

Cu
Röckefäller
 

4930 Postings, 7341 Tage RöckefällerPeter M. Kuhn von Bullion River Gold

 
  
    #4
08.07.06 00:20
... berichtet im Mai über BullionRiverGold's ehrgeizige Ziele!

http://www.bullionriver.com/fgmov5-05.html

Cu
Röckefäller
 

4930 Postings, 7341 Tage RöckefällerGanz meiner Meinung...

 
  
    #5
12.07.06 18:34

4930 Postings, 7341 Tage RöckefällerKapitalerhöhung Grund für Stagnation des Kurses?

 
  
    #6
13.07.06 18:45
... geht's jetzt endlich rauf! Produktionsstart von French Gulch Mine steht vor der Tür! Ich bin positioniert!






Form 8-K for BULLION RIVER GOLD CORP


--------------------------------------------------

13-Jul-2006

Unregistered Sale of Equity Securities



Item 3.02 Unregistered Sales of Equity Securities.
On July 10, 2006 the Registrant completed the offer and sale of an aggregate of 7,069,006 Units, with each Unit consisting of one share of Common Stock and one Warrant to acquire one share of Common Stock. Through July 10, 2006 the Registrant received $ 4,244,251 in gross proceeds from the subscriptions and $4,077,376 in net proceeds from the subscriptions after the deduction $166,875 in finder's fees and other fees and expenses in the offering. The Registrant received a reduction in the amount it owes on a certain land purchase agreement of $175,500 from the Washington Niagra Mining Partnership ("Washington Niagra") for Washington Niagra's purchase of 234,000 units.

With respect to the issuance and sale of the Units to the Investors, exemption from registration requirements is claimed under the Securities Act of 1933, as amended (the "Securities Act") in reliance on Section 4(2) of the Securities Act, Regulation D or Regulation S promulgated thereunder. The subject Investors represented their intention to acquire the Registrant's shares for investment only and not with a view to, or for sale in connection with, any distribution thereof and appropriate legends were affixed to the certificates evidencing the shares in such transaction. Furthermore, with respect to issuance and sale in reliance upon Regulation S, the subject Investors represented there are not U.S. persons and that they will resell the Registrant's shares only in accordance with the provisions of Regulation S. The subject Investors had acquired access to information about the Registrant.


                                          Subscription
Subscriber                                    Amount
Elton Participation Group (1)               1,000,000
Willy Huber (1)                               20,000
Susanne Schoen (1)                            50,000
Karsten Behrens (1)                           12,500
Swiss First (1)                              100,000
Arnd Kaltofen-Ehmann (1)                      7,500
Barbara Thurner (1)                           7,500
Gerd Weger (1)                               100,000
Rashid Ahmed (1)                              8,250
Shane Mortimer (1)                            4,250
Engelbert Hormannsdorfer (1)                  20,000
Angela Hochwimmer (1)                         25,000
Ingo Brehme (1)                               20,000
Lars Lindquist (1)                            10,000
Laguana Partners Ltd. (1)                     10,000
Christopher Paterson (1)                      50,000
Heinz Hoefliger (1)                           50,000
4P Management Partners SA (1)                 30,000
PHS Management (2)                           500,000
Alfred Haber (2)                              90,000
AU Capital (3)                                75,000
Goldberg Partners, LP (3)                    100,001
DKR Soundshore Oasis Holding Fund Ltd. (3)   250,000
AES Capital Partners, LP (3)                 300,000
Abundance Partners LP (3)                    150,000
Dennis Shaya (3)                             100,000
Majorie L Gorelik (3)                         20,000
Andrew Williams (3)                           30,000
David Geller (3)                              75,000
Roger Muelhaupt (3)                          105,000
Gordon Seto (3)                               25,000
Washington Niagra Mining Partnership (3)   175,500 (4)
Robert Shaya (3)                              60,000
Simon Vogel (3)                               30,000
David Bloom (3)                               40,000
Saul Kessler (3)                              50,000
Mordechai Vogel (3)                           30,000
Basu Biosciences, LP (3)                     100,000
Rodney Towers (3)                             18,750
Alan Grayson (3)                             375,000
AS Capital Partners, LLC (3)                  20,000






--------------------------------------------------

(1) Investors purchased units ("Units") in the Registrant for a purchase price of $0.50 per unit, each of which consists of (A) one restricted share of the Registrant's common stock ("Common Stock"), and (B) one two-year warrant ("Warrant") to purchase one restricted share of Common Stock at an exercise price of $0.75 per share as evidenced by a common stock purchase warrant.

(2) Investors purchased units ("Units") in the Registrant for a purchase price of $0.50 per unit, each of which consists of (A) one restricted share of the Registrant's common stock ("Common Stock"), and (B) one twenty one month warrant ("Warrant") to purchase one restricted share of Common Stock at an exercise price of $0.75 per share as evidenced by a common stock purchase warrant. In connection with the Offering, the Registrant and the Investors also entered into a Registration Rights Agreement (the "Registration Rights Agreement") pursuant to which the Registrant has agreed to register for resale the shares of Common Stock sold to the Investors in the Offering and the shares of Common Stock underlying the Warrants ("Registrable Securities"). Pursuant to the Registration Rights Agreement, the Registrant agreed to file a registration statement ("Registration Statement") with the Securities and Exchange Commission (the "SEC") within ninety (90) days following the date of the Securities Purchase Agreement and use its best efforts to cause the Registration Statement to be declared effective under the Securities Act as promptly as possible after its filing, but in any event not later than the earlier of (A) the 180 th calendar day following the date of the Securities Purchase Agreement and (B) the fifth trading day following the date on which the SEC notifies the Registrant that it will not review the Registration Statement or that the Registration Statement is no longer subject to review and comments. The Registrant further agreed to use its best efforts to keep the Registration Statement continuously effective under the Securities Act until all Registrable Securities covered by the Registration Statement have been sold or may be sold without volume restrictions pursuant to Rule 144(k).

(3) Investors purchased units ("Units") in the Registrant for a purchase price of $0.75 per unit, each of which consists of (A) one restricted share of the Registrant's common stock ("Common Stock"), and (B) one two year warrant ("Warrant") to purchase one restricted share of Common Stock at an exercise price of $1.00 per share as evidenced by a common stock purchase warrant. In connection with the Offering, the Registrant and the Investors also entered into a Registration Rights Agreement (the "Registration Rights Agreement") pursuant to which the Registrant has agreed to register for resale the shares of Common Stock sold to the Investors in the Offering and the shares of Common Stock underlying the Warrants ("Registrable Securities"). Pursuant to the Registration Rights Agreement, the Registrant agreed to file a registration statement ("Registration Statement") with the Securities and Exchange Commission (the "SEC") within ninety (90) days following the date of the Securities Purchase Agreement and use its best efforts to cause the Registration Statement to be declared effective under the Securities Act as promptly as possible after its filing, but in any event not later than the earlier of (A) the 180 th calendar day following the date of the Securities Purchase Agreement and (B) the fifth trading day following the date on which the SEC notifies the Registrant that it will not review the Registration Statement or that the Registration Statement is no longer subject to review and comments. The Registrant further agreed to use its best efforts to keep the Registration Statement continuously effective under the Securities Act until all Registrable Securities covered by the Registration Statement have been sold or may be sold without volume restrictions pursuant to Rule 144(k).

(4) $175,500 was not received in cash but was a reduction in the cost of a land purchase agreement.



--------------------------------------------------



Cu
Röckefäller
 

7997 Postings, 6689 Tage daxcrash2000Bullion River: Ausbruch voraus

 
  
    #7
08.08.06 14:43

charttechnisch super begründbar:
je nach Geschmack eine Untertasse auf hohem Niveau oder auch ein W erkennbar

Indikatoren klar auf Kauf (MACD seit einigen tagen, Stochastik gibt gerade Signal)
oder positiv (RSI + Momentum: ansteigende Tiefpunkte und noch gut im neutralen bereich, also Luft für upmove)

zudem die 38-er kürzlich sehr gut bestätigt und noch Luft zum oberen Bollinger

bei guten Umsätzen immer wieder an der 0,92
angeklopft...der Druck auf den deckel steigt

Ich erwarte unmittelbar den Ausbruch.
Ziel in den nächsten Tagen eines deralten Zwischenhochs bei ca 1,25 USD

Klarer Tradingkauf (50%, die andere Hälfte bei fundamentaler Absicherung)


 

5 Postings, 6785 Tage minerGute Zukunftsaussichten für Bullionriver

 
  
    #8
09.08.06 13:29
Ich denke auch, dass der Kurs in nächster Zeit anziehen wird. Es müsste eigentlich bald ne Meldung über die ersten Produktonszahlen rausgehen. Bei guten Ergebnissen (und die erwarte ich) sollte dem Ziel, heuer noch 30.000 oz zu produzieren, nichts mehr im Wege stehen. Dann wäre die Aktie wirklich ein Schnäppchen.

Miner  

4930 Postings, 7341 Tage RöckefällerBLRV French Gulch Grand Opening 28.09.2006

 
  
    #9
11.10.06 10:59
http://bullionriver.com/fggo/index.html

Hoffentlich kommt bald die News über die volle Produktionsaufnahme! BLRV ist kurz davor die 52-Wochen seit dem Nachkauf zu überschreiten und dann schaut Steinbrücki erstmal wieder in die Röhre, wäre ja auch noch schöner!

Cu
Röckefäller
 

4930 Postings, 7341 Tage RöckefällerBullionRiverGold hat 52-Wochenhoch geknackt...

 
  
    #10
09.11.06 16:40
... und keiner merkt es? Noch keine offiziellen News vorhanden!

Cu
Röckefäller
 

117 Postings, 6808 Tage jairus...keine News...

 
  
    #11
10.11.06 10:43
Das ist ja das Unschöne an dem aktuellen Kursplus. Wahrscheinlich steigt BLRV nur mit dem Gold- Preis.
Aber eine schöne Phantasie ist, daß die Minen- Angestellten mit Käufen den Kurs treiben, weil sie wissen, daß es gut läuft.
Eigentlich finde ich das lange Schweigen über den Fortgang des Abbaus eher beunruhigend.
Aber vielleicht wird alles gut und BLRV wird tatsächlich einer der 5 großen Goldproduzenten der US und A. (Borat finde ich nebenbei bemerkt einen blödsinnigen Film. Der enthält mir zu viel Ordinäres.)
Ciao, jairus  

2 Postings, 6578 Tage KlausebrotVom Explorer zum Produzenten...

 
  
    #12
21.11.06 13:45
Ab morgen in Focus-Money:


Jetzt ist es offiziell:

Bullion River Gold steigt zu den produzierenden Gold-unternehmen auf.
Am 10. November schloss die Gesellschaft mit Sitz in Reno/Nevada den Probelauf ihrer French-Gulch-Mine im Norden von Kalifornien ab. Bis Ende Oktober konnte Bullion Ri-ver bereits 1698 Unzen (je 31,1 Gramm) Gold gewinnen. „Unsere Anlage arbeitet nun sehr effizient, und wir erhöhen den Durchlauf“, sagt Bullion-Chef Peter Kuhn stolz. Zu Recht: Den Goldgewinnungsgrad konnten die Mineningenieure in den vergangenen Wochen bis auf 90 Prozent des im Gestein enthaltenen Edelmetalls steigern.

Vervielfachung möglich. Die Bullion-River-Aktie reagierte und konnte zwischenzeitlich über die 1-Dollar-Hürde ausbrechen. Seit der Empfehlung in FOCUS- MONEY 30/2006 legte der Titel rund ein Fünftel zu. Und der Anstieg dürfte weitergehen. „Wenn die Entwicklung von French Gulch optimal läuft, wäre die Bullion-Aktie sieben bis neun Dollar wert“, sagte ein Analyst aus New York bei der Minenbesichtigung überschwänglich, obwohl dies hoch gegriffen scheint.

„Unser kurzfristiges Ziel ist es, die Minenproduktion bis zur Kapazität der Verarbeitungsanlage zu erhöhen“, sagt Kuhn. Die liegt aktuell bei 220 Tonnen am Tag. Bei einem Goldgehalt des Ge-steins von durchschnittlich rund einer Unze je Tonne wären dies 210 Unzen pro Tag. Damit könnte French Gulch bis zu 70 000 Unzen Gold im Jahr abwerfen. Da bei 2000 Unzen pro Monat etwa die Kosten gedeckt sein sollten, ist French Gulch bereits ein sehr lukratives Projekt. Die Mine soll zudem in den nächsten Monaten auf eine Kapazität von 500 bis 700 Tonnen ausgeweitet werden.

Riesiges Potenzial. Bei dem Cash-Flow aus French Gulch will es Bullion-Chef Kuhn jedoch nicht bewenden lassen. „Die North-Folk-Mine hat ein wahnsinniges Potenzial“, schwärmt er vom nächsten Projekt. North Folk liegt einige hundert Kilometer südwestlich von French Gulch nahe der Westernstadt Nevada City. Alte Stollen und Unterlagen verraten hohe Goldgehalte im Erz. Die Lagerstätte könnte daher durchaus zwei bis fünf Millionen Unzen Gold beherber-gen. Ein jährlicher Abbau von 200 000 Unzen wäre dann durchaus möglich.

Im Jahr 2010 könnte Bullion River aus der erweiterten French Gulch 150 000 und aus North Folk 200 000 Unzen Gold pro Jahr fördern. Bei einem Goldpreis von 600 Dollar und Abbaukosten von 300 Dollar pro Unze wären dies gut 100 Millionen Dollar Gewinn. Eine geplante dritte Mine und Explorationsgebiete in Nevada sind dabei nicht eingeschlossen.

Beim aktuellen Aktienkurs entspräche dies einem KGV 2010 von 0,7. Die Aktie erscheint stark unterbewertet. Bullion dürfte durch den Produktionsstatus eine Neubewertung erlangen. Die Bullion-River-Gold-Aktie könnte im wahrsten Sinne des Wortes Gold wert sein.  

4620 Postings, 6584 Tage Nimbus2007Blind Klaus???

 
  
    #13
21.11.06 13:47
Hab das schon in 2 anderen Threads drin....^^  

2 Postings, 6578 Tage KlausebrotJa...nur....

 
  
    #14
21.11.06 13:50
Ja nur nicht mal die Hälfte vom Text...daher stell ich lieber den ganzen Artikel rein wie nur Ausschnitte...  

4620 Postings, 6584 Tage Nimbus2007es steht alles drin.... o. T.

 
  
    #15
21.11.06 13:52

117 Postings, 6808 Tage jairusdie Zahlen sind da

 
  
    #16
05.04.07 15:51
ich habe versucht, sie hierher zu kopieren, aber es funktioniert nicht richtig.
Verlust 2006 bei 0,17$.
Der Ausblick für 07 ist positiv. Jedenfalls ist BLRV von einem Explorer zu einem Förderer geworden. Hoffentlich werfen die Minen bald soviel ab, daß ein Gewinn entsteht.
Die Meldung ist bestimmt demnächst irgendwo im Internet zu lesen. Komischerweise nicht mal auf der BLRV- Seite.
Ich habe eine mail vom Unternehmen bekommen.
Ciao, jairus  

117 Postings, 6808 Tage jairusgute Nachricht!

 
  
    #17
11.06.07 10:52
Der Kurs steigt heute nach der Nachricht vom Freitag; ich dachte, jemand würde sie hier reinstellen, aber nun mache ich es eben:

Ciao, jairus

News Release: June 8, 2007
Bullion River Gold Corp. Announced Today It Has Reached Two New Vein Systems In The French Gulch Mine

--New veins are wider than expected;
ore samples yield multiple ounces of gold per ton--









 

RENO, NV—June 8, 2007—Bullion River Gold Corp. (OTCBB: BLRV) announced today that miners have reached the Washington and Dean veins in the French Gulch Mine from the decline, and production of the these two new veins will begin within days.

The company also reported that both the Washington and Dean veins are significantly wider than expected, based upon historical discoveries in the mine. In addition, samples taken from the two new veins yielded multiple ounces of gold per ton, indicating that gold grades are excellent. The Washington and Dean veins will soon join the Lucky 7 as active production areas at French Gulch, and all three will be in production simultaneously.

The company also announced that it is driving new, multiple stopes in all three veins, and production rates will be increasing. In addition, the new crushing system that was commissioned in May is operating very well, eliminating significant down time in the mill. This state-of-the-art crusher has increased the potential capacity of the mill to 250 tons a day.

“We are pleased with all aspects of this production update,” said Peter M. Kuhn, president of Bullion River Gold Corp. “We anticipated that these two new veins would yield great samples, and we are now very happy that we’ve been proven correct. Having reached these two new veins, we are now in the process of completing our plans for intercepting the veins fully and increasing production within the next several weeks.”



 




 

246516 Postings, 7030 Tage buranSetzt Euern Stoppkurs!

 
  
    #18
10.07.07 16:48
44Cent!

...................*löööööööl*  

37 Postings, 6528 Tage Harald2007Bullion River Gold Corp. Press Release

 
  
    #19
15.08.07 09:14
BULLION RIVER GOLD CORP. REPORTS SECOND QUARTER, SIX-MONTH RESULTS FOR FISCAL 2007 & ANNOUNCES CONFERENCE CALL FOR INVESTORS

--Revenue produced totaled $922,533 during second quarter, up 162 percent
from previous quarter --

RENO, NV—August 14, 2007—Bullion River Gold Corp. (OTCBB: BLRV) today announced its financial results for the second quarter of the 2007 fiscal year ending March 31, 2007. The company’s financial statements conform to accounting principles generally accepted in the United States (US GAAP). Currency amounts are expressed in U.S. dollars unless otherwise noted.

The company also announced that senior executives would discuss results from the second quarter during a telephone conference call for shareholders on Wednesday after the markets close. Details regarding the investor conference call can be found at the end of this release.

Bullion River reported revenue of $922,533 for the second quarter of 2007, up 162 percent from first quarter revenue of $352,610. During the second quarter, the company sold 1,382 ounces of gold at an average price of $663.33 and 426 ounces of silver at an average price of $13.30. In addition, inventories at June 30, 2007 stood at 1,089 ounces of gold, slightly lower than the inventory remaining at the end of the first quarter. All the revenue from the second quarter was produced at the French Gulch mine. For comparison purposes, there was no revenue produced during the second quarter of 2006 because the company was in the exploration phase at that time. For the second quarter of 2007, the company reported a net comprehensive loss of $6.4 million, or 10 cents per basic and diluted share, compared to a net comprehensive loss of $3.8 million or 7 cents per basic and diluted share for the second quarter of 2006.

For the six-month period, the company reported revenue of $1.3 million, compared to no revenue during the same period one year ago, and a net comprehensive loss of $11.1 million or 18 cents a share, compared to a loss of $6 million or 12 cents a share one year ago.

The company’s loss in the second quarter and six-month period increased from the year-ago period due to higher operational costs associated with ramping up production, compared to its relatively lower costs previously associated with the exploration phase, and an increase in interest expense mainly due to the issuance of convertible debt starting in the third quarter of 2006.

Commenting on the results, Peter M. Kuhn, president of Bullion River Gold Corp., said: “Second quarter revenues represent the best quarter yet for our company, and it’s a positive outcome considering that the mill was not operating for about a month during the quarter. But we are pushing hard to do better. We recently started production in the newly discovered vein in the Washington vein system, and we are moving to improve both production and the ore grade.”

The company’s other recent key accomplishments include:

Significant new development in the Lucky 7 veins.
Accumulation of new gold assays samples in key veins that are well above the anticipated level of 1.00 ounce of gold per ton discussed in the independent technical report released in January.
Discovery of a third vein system in the Washington access drift with samples that returned over 3.00 ounces of gold per ton across a sample width of at least five feet, and the start of production in this vein.
Exploration for additional veins in the northern open ground, where outcrop areas have already been located on the surface.

Outlook Through Year-End 2007

The company will continue to make investments in equipment to increase production in the French Gulch mine. The company’s state-of-the-art crusher is now operating smoothly, and the company will continue investments in the mill that will more than double the 250-ton capacity. Extensive exploration at French Gulch will continue to increase the gold estimates on this property, and the current documented estimate of 257,800 ounces is expected to increase.

Conference Call Details

Shareholders are invited to listen to a live conference call with the company’s senior management at 1:30 p.m. Pacific time on Wednesday, August 15, 2007. Senior management will answer questions that have been submitted in advance via email or fax. Those dialing into the call will be in a listen-only mode, and no questions will be taken during the call.

For callers in the US and Canada, the toll-free conference dial-in number is: (888) 515-2179.
For international callers outside Canada, the dial-in conference number is: (706) 634-9722.

Shareholders should submit questions via email or fax prior to 12 p.m. Pacific time on Wednesday, August 15. The email address is: info@bullionriver.com. The fax number is: (775) 324-7893.

Financial Statements

The financial statements of Bullion River Gold Corp. that are attached below were prepared by management, and they should be evaluated together with the related notes filed in our 10-QSB Quarterly Report filed with the Securities and Exchange Commission.
Bullion River Gold Corp.
Consolidated Balance Sheets
As at June 30, 2007 and December 31, 2006

To read all the financial statements please go to: http://www.bullionrivergold.com/prs/pressrelease08-14-07.html
About Bullion River Gold Corp
Bullion River Gold Corp. is an American-based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has eight properties, five of which are located in Nevada. Two of the Nevada properties are considered advanced projects and three are considered grassroots projects. The three remaining properties are in California. All three of these properties are past producers.

For more information, contact Chris Marcus, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at chris@fyremarketing.com the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings.

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release.

##
##
Contact:
Chris Marcus – Investor Relations
Bullion River Gold Corp.

1-800-540-BLRV (2578)
Office - (775) 324-4881

chris@fyremarketing.com
www.bullionriver.com
--------------------------------------------------

Bullion River Gold Corp.
http://www.bullionriver.com
3500 Lakeside Court, Suite 200
Reno, NV 89509
USA
 

4930 Postings, 7341 Tage RöckefällerBullionRiverGold entlässt 50 Arbeiter...

 
  
    #20
21.09.07 16:26
http://www.redding.com/news/2007/sep/21/...eleased-near-french-gulch/


50 miners released near French Gulch

A gold mine near French Gulch has cut its work crew in half in an effort to become more efficient, says the president of the company that owns the mine.

"We will be more effective with less people," said Peter Kuhn, president of Reno-based Bullion River Gold Corp., which operates the French Gulch gold mine about three miles west of the small Shasta County town.

Although Kuhn said there had been layoffs in late August, he declined at the time to go into specifics of how many. Workers at the mine make between $14 and $32 an hour.

He said Thursday they laid off 50 workers permanently. There are about another 50 who remain on the company's payroll.

The company also has lost managers away from the mine, with Nancy Huber, its chief financial officer leaving on Aug. 22 to go to another company, according to paperwork filed this week with the U.S. Securities and Exchange Commission.

In the same filing, the company said it expected to reduce overhead costs by 55 percent by decreasing its work force.

Among those laid off was Paul Spor, a fifth generation miner who had been the project manager at the mine when digging started in June 2006. Reached by cellular phone, Spor said he was no longer with the company and had moved home to Utah.

The mine's current co-manager, Tim Callaway, declined to talk about the layoffs, saying Kuhn should be the one to address them.

In a conference call with investors in mid-August, Callaway, who is also the company's acting chief operation officer, said he had a crew of 111 and could use five to 10 more workers.

While a drop in the price of the company's stock over the past several months has made investors nervous, news of the layoffs could actually be good news, said Jack Cooper, a investor from San Antonio.

"That doesn't bother me a bit," said Cooper, who has $100,000 invested in Bullion River. "The kind of mining they are doing, they had too many people."

The company is digging into rock that has been mined since the 1850s, looking for narrow bands of quartz ore laden with gold.

Work at the mine has caused folks living along creeks flowing near it to be concerned about the environmental impact. Although there was a spill of tailings into waters in the mine's first month of operations, water inspections since then haven't found any tailings, according to a report released early this month by the state Regional Water Quality Control Board.

There had also been problems with arsenic-heavy waste rock from the mine being used by the company to patch potholes along the gravel road leading up to the mine. The rock since has been removed and the company is working to limit the amount of sediment runoff along the road, said Jim Pedri, assistant executive officer for the board.

"There's just a lot of traffic on that road," he said.



Cu
Röckefäller
 

448 Postings, 6367 Tage SuperGarfieldLeute entlassen

 
  
    #21
21.09.07 21:36
ist immer gut für den Kurs. Und hier? ALLTIME-LOW.
Das muss doch zu denken geben?
Für einen Einstieg allerdings muss der Wert auf die Watchlist!
 

4930 Postings, 7341 Tage RöckefällerTja, die mehr als ...

 
  
    #22
08.10.07 11:27
... 70% Minus seit Threadbeginn sprechen doch Bände!

Der Boden scheint noch immer nicht gefunden, obwohl in Amiforen schon das Gerücht umgeht, daß Kuhn bald den Stuhl räumt, weil er lauter leere Versprechungen gemacht hat und aus dem großtönenden

NextGreatAmericanGoldProducer

bisher nur eine Klitsche hervorgetreten ist, die um Ihre Existenz fürchten muß.

Angeblich wurde eine neue Goldader mit 82 Unzen pro Tonne Gestein gefunden! Ob das und ein neuer Chef bei BLRV endlich die Wende bringt, bleibt abzuwarten!

Ein erneuter Einstieg ist momentan noch zu riskant!

Cu
Röckefäller
 

4930 Postings, 7341 Tage RöckefällerDer Mann der Tacheles redet...

 
  
    #23
10.12.07 16:53
Angehängte Grafik:
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4930 Postings, 7341 Tage RöckefällerDer Mann der leeren Versprechungen...

 
  
    #24
10.12.07 16:54
Angehängte Grafik:
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13793 Postings, 9180 Tage Parocorpheute +25% !

 
  
    #25
02.01.08 16:17
leider zu spät für das 2007er börsenspiel ;(

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