Cerro Grande Mining Corporation (PK) (CEGMF) News

200 shr's traded so far today @ .0077 ? = $1.54 + commish? Must be MM code for something. Somebody wants us to sell?!

Must be mm's playing with themselves . . . . About $100.00 traded today at $.0033 - geez! We got the high rollers mm's trying to demonstrate what what we need spend/ offer our shares for. This thing is going to surprise us someday.

again those losers got listed.
For users information this stock has lost 99% after a 10 to split.
The mine has been closed for low grades ,
The cost for affiliates and consultants are 100 fold the income

so why they got listed again.. ome thing is goo though listing in the US makes it possible to file for potential mismangement at SEC

thaT THE ONLY WAY TO PROTECT YOUR INVESTMENT IF ONE THIONG ABOUT IRREGULARITIES::

KEEP ON LOSING HERE:::

Plant and equip investments
At least they got over that hurdle last year. The original problems, then the investment to replace the gear both hit the bottom line, which prevented the stock from taking off upward. But those investments are still potential for realized gains with better mill production, as long as the mining gets back on track.

short interest
Some minor player put a short trade in on the stock while there was almost no volume. That really hurt the price. The trade was closed. As of Nov 15 there was no short interest.

From otc markets:
Date Short Interest % Change Avg. Daily Share Volume Days to Cover
Nov 15, 2013 0 -100.00 5,170 0.00
Oct 31, 2013 16,500 100.00 2,333 7.07

Catedral
I had always hoped that they would liquidate that property and generate some working capital from it. When I read old filings it seems they invested some serious cash into preparing the site. As best I can tell, all those investments were gradually written off the balance sheet. The company has always characterized the site as economically viable site for lime production. They obviously don't have capital left to realize a return from their own operation, but a sale into stronger hands could goose up Cerro Grande back into strong operations at Pimenton. It is the ideal move for shareholders it seems. I don't know if a sale could generate $2M or $10M. I simply don't know the numbers that would determine a buyer's investment and return projections.

eagerly awaiting next public results
I am sitting on large loss on 100K shares. I'll need to drop 20k-40K of those shares around Dec30 for tax loss.
from what I read in the last filing, their mining operation ended up off the mark from vein they were aiming at. Cost per oz exploded, at the worst possible time with low gold price since now they have no operating capital left. The way I see it , either they get Pimention operation back on track soon, or face tough choices. Whatever the outcome, I hope managment is forthright with shareholders best interest. They seem to be, which is why I invested to begin with.

I think today someone wants you to sell them your shares at $.0141 ($42 just traded hands at this price for 3k shares). Quite a paint, and probably quite a value!

CEGMF is gaining attension and momentum

CEGMF is gaining attension and momentum

little new but worth a big look here.

I don't know, I'm in this too. Someday it could be something. I think there's value here.?

any recent updates?

News!!! : Full year results reported
http://www.prnewswire.com/news-releases/cerro-grande-mining-corporation-announces-record-financial-results-for-its-fiscal-year-ended-september-30-2011-135680543.html

Waiting for a progress update...

Price of Gold keeps going up
Its strange there's no gold rush to the mining stocks. Somebody will discover this stock eventually.

Over $17K dollar volume today
All buying.
That's already in the top 100 in the OTCQX. But the top 40 in the OTCQX are doing 10 times that dollar volume. That's where CEG needs to get to: somewhere around top 40.
This also means I'll have more visitors soon here to talk with me I hope.

Updated the Box

See the News : CEGMf.pk on S&P's information service
I think this will be very good in about 6 months. People will find this over stock screeners. New audited financials will come out. Company will have some very compelling stock ratios. Screener hits will light up.

"The information to be made available through this program includes the Company's share price, volume, dividends, shares outstanding, financial position and earnings. "

That revenue rate and falling costs compared to market cap
Its looking like a great deal at this point. The company is going to be flush with cash from the recent quarter to fund exploration, development, and ramp up more production.

Great recent results at Pimenton mine
First two months ended May 31, 2011 of its third fiscal quarter ended June 30, 2011 compared to the first two months ended May 31, 2010 of its third fiscal quarter ended June 30, 2010 and the results for eight months comparable periods ended May 31, 2011 and 2010:
Revenues from gold, copper and silver sales totalled US $5,336,497 for the two months ended May 31, 2011 compared to US $ 1,450,000 of gold, copper and silver sales for the similar
two months period in 2010.
Total cash costs per ounce net of by-product credits was US $722 per ounce for the two months ended May 31, 2011 compared to total cash cost per ounce of US $1,074 for the similar
two months period in 2010.
Revenues from gold, copper and silver sales totalled US $16,356,393 for the first eight months period ended May 31, 2011 compared to US $5,649,979 for the similar eight months
period in 2010.
Total cash costs per ounce net of by-product credits was US $637 per ounce for the eight months period ended May 31, 2011 compared to a cash cost per ounce of US $1,066 for the similar eight months period in 2010.

Just listed on OTCQX International
http://www.otcmarkets.com/stock/CEGMF/company-info
Has traded on Toronto for a long time (under 'CEG')
Check out the financials. Very undervalued I think.