Thursday, August 12, 2010

Trade Workstation

Hasta La Vista Cacos warrants

Spiros Cacos, M.A.
Director, Fire River Gold Corp.
Director, Next Gen Metals Inc.
Director, El Nino Ventures Inc.
Investor Relations Manager, Pacific North West Capital Corp.

Darn good work when a body can guickly and "anonymously" get it, Mr. Cacos nails a trading profit of $6k by flipping out cheap warrants. Share price of $ .65 looking too good to pass up on these days for heavily connected Barr stable director who appears to use QuestTrade when not showing the house number via "anonymous".

Aug 23/10 Aug 18/10 Cacos, Spiros Direct Ownership Common Shares 54 - Exercise of warrants 25,002 $0.400
Aug 23/10 Aug 18/10 Cacos, Spiros Direct Ownership Warrants 54 - Exercise of warrants 16,667
Aug 23/10 Aug 18/10 Cacos, Spiros Direct Ownership Warrants 54 - Exercise of warrants 8,335
Aug 23/10 Aug 16/10 Cacos, Spiros Direct Ownership Common Shares 10 - Disposition in the public market -17,835 $0.650
Aug 23/10 Aug 16/10 Cacos, Spiros Direct Ownership Common Shares 10 - Disposition in the public market -7,000 $0.640

14:11:57 V 0.64 0.00 6,500 7 TD Sec 1 Anonymous K
14:11:57 V 0.64 0.00 500 85 Scotia 1 Anonymous K
9:47:10 V 0.65 0.01 5,000 79 CIBC 1 Anonymous K
13:36:25 V 0.65 0.01 1,000 19 Desjardins 1 Anonymous K
15:08:24 V 0.65 0.01 6,500 79 CIBC 124 Questrade K
15:08:24 V 0.65 0.01 3,500 79 CIBC 124 Questrade K
15:00:49 V 0.65 0.01 150 6 Union 124 Questrade E
15:00:49 V 0.65 0.01 500 79 CIBC 124 Questrade K
15:00:49 V 0.65 0.01 1,000 7 TD Sec 124 Questrade K


FAU.v Shorts have increased significantly. 9-04-10

Short History
Symbol Report Date Volume Change

FAU - V 2010-08-31 266,000 196,500
FAU - V 2010-08-15 69,500 -45,500
FAU - V 2010-07-31 115,000 47,500
FAU - V 2010-07-15 67,500
FAU - V 2010-06-30 67,500 67,500
FAU - V 2010-05-31 -5,000










Saturday, August 7, 2010

Nixon Fork - Forked if you Do ...

Meet Mr. Harry Barr of ultra long career pitching VSE paper to the dopey masses. Its one wicked track record but we are most interested in his latest and greatest active promo dopo for utter dum dums ... Fire River Gold.


The mine site is located approximately 32 miles northeast of McGrath and 8 miles north of Medfra in west central Alaska.

For a detailed history and St Andrews (SAS.t) operating plans from 2005 ... http://dnr.alaska.gov/mlw/mining/largemine/nixonfork/POOfinalAug3005withFig1-4050915PDF.pdf

"The property was originally staked in 1917 when placer gold was discovered in Mystery and Ruby Creeks. The Yukon-Treadwell Company and others worked lode deposits through numerous shafts and open cuts intermittently from 1918 through 1964. Total production is estimated to have been 42,000 ounces of gold, 11,282 ounces of silver, and 41, 440 pounds of copper from lode mining from 1920 to 1961.

Since 1984, the property has been explored by a number of companies, including Battle Mountain Gold from 1984 to 1988 and the Nixon Fork Joint Venture with Central Alaska Gold as operator from 1989 through 1993.

Exploration included soil and geophysical surveys, trenching and both reverse circulation and core drilling. Nevada Goldfields Inc. (NGI), a wholly owned subsidiary of Consolidated Nevada Goldfields Corporation (CNGC), acquired the property in July 1993 and carried out additional definition drilling and completed a feasibility study in 1994.

The positive feasibility study resulted in the commencement of construction of the surface facilities and underground development in March 1995. Total investment by NGI is reported (NGI March 1998) to be about US$34.4 million for life of mine. Production from the Crystal-Garnet and Mystery orebodies commenced in October 1995 and continued until June 4, 1999 when the mine was placed on care and maintenance.

Exploration by NGI from 1993 to 1998 included surface drilling, a helicopter-borne combined electromagnetic and magnetic survey, stream and soil surveys, and trenching.

The parent of NGI, Real Del Monte Mining Corporation, the successor to CNGC and its subsidiaries, filed for Chapter 7 liquidation on June 25, 1999. The property, including the surface facilities and equipment, was eventually returned to the original owners, Ted Almasy and Margaret Mespelt.

In 2004, St Andrew commenced an underground drill program designed to increase and upgrade the mineral resources. A total of 11,875 m in 121 holes were completed on the C3000 and C3300 orebodies, extending the mineralization to depth.

Underground drilling continued in 2005 and 2006 with 85 holes totalling 10,322.1 m drilled on the C3550, J2200, and Mystery. Although the resources have not been updated, the results from the drilling do not appear to have increased the resources. Surface drilling in the period 2004 to 2006, amounting to 36 holes totalling 4,235.9 m, was carried out on the Whalen, Warrior, Airport area, and Mystery targets.

From 2004 through 2008 approximately over US$50 million was expended on upgrades to the processing facilities and mine infrastructure. During this time 9,381 meters of reserve-resource definition drilling was conducted, an updated reserve-resource estimate and additional metallurgical testing were completed. Limited production in 2007 resulted in recovery of 6,775 ounces of gold and 78,644 pounds of copper. (The reported recovery rate was a truly horrid 68%)





Fire River Gold has big plans ...

2010 Re-evaluation Program in Progress

In 2009 the company began a $1.25M evaluation of the project to confirm the status of the geological work, confirm both the gold grade from the tailings pond, and further metallurgical assesment through testwork. The evaluation program is continuing into 2010, with key milestones including a determination of a go, no-go decision for completing the CIL circuit to process tailings by Spring 2010; defining exploration targets for underground and surface drilling commencing in Spring; the preparation of a new resource estimate for the property by fall 2010, and the determination of a go, no-go decision for the resumption of underground mining by the end of the year."

"Re-Evaluation of Tailings Pond
The first operator of the Nixon Fork Mine produced an average head grade of approximately 42 grams per ton (1.4 OPT) but only averaged 83% recovery. Based on previous engineering and metallurgical studies done on the tailings pond, between 150,000 tonnes and 170,000 tonnes of mill tailings are in place (at a grade of between 7 and 9 grams per tonne) which are currently being re-evaluated."

http://www.firerivergold.com/s/NixonFork.asp?ReportID=368220

All thats wonderfully Barr bullish but a few key facts are getting skipped over here for some reason.




"Scott Wilson RPA has re-estimated that the tailings storage facility contains an indicated mineral resource of 58,000 t at a grade of 8.1 g/t Au,or 15,100 ounces of gold, and an inferred mineral resource of 58,000 t at 8.1 g/t Au, or 15,100 ounces of gold (Table 1-1).

The existing tailings can only be mined when the pond is not frozen. Existing tailings will be processed from June to September 2007 at 350 tpd. Recovery of gold is expected to be approximately 85% when processing existing tailings and 90% of the gold when treating fresh material."

At 85% recovery thats a confirmed "resource" of 12,750 ozs. and that "ore" would be exhausted in less than 6 months. Since completion of the plant will cost millions, it should be clear that tailings are a "no go"

On June 14 the Company had another "update"

"To properly assess these enhancements additional test work is required, which is being performed at the PRA Metallurgical Lab in Richmond, BC. G.R. Rawsthorne and Associates is overseeing this work on behalf of the company. The company is now projecting completion and release of the preliminary economic assessment on the tailings program by late July."

The promotional Barr hoopage poopage has changed too ...

"The evaluation program is continuing into 2010, with key milestones including a determination of a go, no-go decision for completing the CIL circuit to process tailings by Fall 2010


Here's the spin ...
"The previous operator of the mine designed and partially installed a 250-tonne-per-day CIL circuit for the purpose of recovering gold from the impounded tails and increasing gold recovery from continuing mining operations (refer to Stockwatch news release dated April 6, 2010, for an overview of the tailings reprocessing program).

The company's original plan was to complete construction according to the last operator's design, with only minor modifications and enhancements as required.

This base case has no provision for recycling cyanide in the circuit -- all leaching solution is passed to a cyanide-destruct circuit at the end of the process. It has become obvious through the course of work on the PEA that economics of the base case will be significantly enhanced by recycling the cyanide solution, reducing reagent consumption, and the associated purchase and transportation costs."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FAU-1731956&symbol=FAU&news_region=C

But this is what the SAS operation plan says ...

" Cyanide solutions will be recycled in the system, and tailings will go through a cyanide destruction process."


__________________________________________________________________


A typical carbon in leach circuit

The SAS envisioned process to extract gold from Nixon Fork ore.

Friday, August 6, 2010

Juicing the Lemon - By the Numbers

Naturally the goal of any improbable promotion of worthless Venture Exchange paper is to get the money. It matters not how, the ultimate achievement is to extract as much and as quickly as possible. Examining the financial statements of Fire River Gold is another clear and ridiculous lesson in this truth.
From http://Sedar.com/
"The six month period ended 30 April 2010 resulted in a net loss of $1,568,281 which compares with a loss of $61,247 for the same period in 2009. General and administrative expenses for the six month period ended 30 April 2010 were $1,301,604"

During the previous 12 months the audited numbers reveal that $ 1.2 million was expended, bringing the 18 month total to $ 2.7 million.

In the latest 3 month period a whooping $ 437,000 went to the happy hunting ground, and that means expenses are accelerating rapidly for some improbable and unexplainable reason,most likely because a large number of dimwits supplied it.

And where is the money going? A very astute guess would be into the pockets of insiders in various ways, usually in the form of management fees, salaries, consulting fees, travel, promotional expenses and, drumroll, office expenses.

"The Company paid or accrued $142,445 to a company related to the Company by way of directors in common for office expenses."

And that's $ 24,500 per month in "office expenses" for an address already being used by every other mutt in the Barr stable, each paying similar "expenses" depending, naturally, on their ability to pay.

2303 West 41st Avenue
Vancouver, B.C.
Canada V6M 2A3

Of course it doesn't end there. FAU stakeholders generously expended $ 10,588 in the last 3 months for "food and lodging" to go along with $ 32,184 worth of "travelling".

A body examining the numbers will notice a discrepancy between what FAU is showing as a reclamation deposit on the Nixon Fork Mine ($2.6m) and the actual liability.

From latest financials ...

5. Asset Retirement Obligations

The Company’s asset retirement obligations consist of reclamation and closure costs related to its mineral properties. The present value of the estimated obligations relating to properties is $3,128,735 (30 April 2009 - $Nil) using discount rates at which cash flows have been discounted by 10%. Significant reclamation and closure cost activities includes land rehabilitation and reforestation, demolition of buildings and mine facilities, fencing, ongoing care and maintenance and other costs.

The undiscounted inflated reclamation and closure cost obligation at 30 April 2010 is $3,729,867 ..."

Based on these numbers, FAU stakeholders could well have an additional $ 1.1m in unfunded liabilities.

Property Vend-Ins for Dopes - Nixon Fork

The big promo dopo poochie push a doodle is all about the vast and unlimited potential of a mined out property called Nixon Fork in Alaska.


Before we get into all the breathlessly spewed details, a body needs to examine how the property came into Fire River Gold hands and what the consideration was.

Harry Barr's "flagship" company in a stable of mutts is Pacific North West Capital (PFN.t) a Toronto Stock Exchange listing company currently bid $ .08. In it's currently diluted form PFN owns 12.9% of Fire River Gold, is a deemed insider and is required to report its trades. PFN acquired the Nixon Fork property via the acquistion of Mystery Creek Mines, a subsidiary of St Andrews Gold (SAS.t) for $ 500,000.

The property was subsequently vended-in to Fire River Gold under the following terms ...

- US$50,000 on signing of the letter agreement
- US$450,000 over a six (6) month period
- Issued a total of US$2.5 million in Company’s shares at a deemed price of $0.45 per share. (6.5 million) In addition (1) million share purchase warrants at an exercise price of $0.50 for a period of 24 months from the date of issue.
- The Company refunded $773,766, expenses incurred by PFN from 1 May until 22 September 2009

So the mark-up to FAU shareholders from a common director with fiduciary responsibility was exponential and another 6.5 million FAU shares and 1 million cheap warrants went into the Harry Barr either. Indeed,on the PFN website the gain is reported as unmitigated Barr brilliance ...

"PFN sold the Nixon Fork Gold mine in July 2009 for a 500% gain and will participate in the upside of the Nixon Fork Gold Mine through its majority ownership of FAU."

Fodder for promotional fuforall would certainly not be missed by a man like Harry Barr, particularly when the search for more private placement funding never ends. Unfortunately a fully experienced VSE promoter missed a little something and got slapped stupid by the British Columbia Securities Commission. (BCSC)

Fire River Gold clarifies Nixon Fork disclosures 2009-12-08 - News Release

As a result of a review by the British Columbia Securities Commission,
Fire River Gold Corp. is issuing the following news release to clarify its disclosure about mineral resource estimates and estimates of potential mineral deposits at the Nixon Fork project.

Fire River Gold has disclosed mineral resource and reserve estimates prepared by Scott Wilson Roscoe Postle Associates (SWRPA) in a technical report dated Oct. 2, 2006, for St. Andrews Goldfields, the prior operator of the project, in several 2009 news in Stockwatch (June 29, July 27, Aug 13, Oct. 8, Nov. 12, Nov. 16 and Nov. 19) and has used that material on the website and in promotional material provided by the company.

The company was not aware that by disclosing these estimates, it was required to file a new technical report prepared by an independent qualified person validating or replacing the estimate, and it did not do so.

Recent discussions with authors of the SWRPA report indicate that the former owners encountered unexpected ground conditions, lower grades, and lower recoverability. The resource and reserve estimates in the SWRPA report should not be relied upon.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FAU-1671098&symbol=FAU&news_region=C


__________________________________________________


And this was not the only Fire River BCSC slapdown,there was another.

Fire River cancels option agreement for Golden Zone 2010-03-29

FIRE RIVER GOLD TERMINATES ITS OPTION ON THE GOLDEN ZONE PROJECT

Fire River Gold Corp. has elected to terminate its option agreement with Hidefield Gold PLC, Hidefield Gold (Alaska) Inc. and Mines Trust Company on the Golden Zone project in central Alaska. The joint venture partners were provided a 30-day notification of this decision on March 19, 2010. The company made this decision in order to focus its effort on the Nixon Fork gold mine project, also in central Alaska.

"The Golden Zone is a good exploration property that does not match our corporate profile," commented Harry Barr. "The Nixon Fork mine is a permitted near-term producer, and the Golden Zone represents a much longer commitment. We have to be careful to not divert our effort, resources and expenditures from our core project, which is yielding good results."

At the time this decision was made, the company's NI 43-101 technical report, "Golden Zone gold-polymetallic prospect, upper Chulitna district, Alaska," dated Aug. 24, 2009, was determined by the British Columbia Securities Commission (BCSC) to be non-compliant. As the company has elected to terminate the agreement, it will not be taking any steps to rectify the issues put forth by the BCSC and is retracting its previous disclosures of the resource estimates made for the Golden Zone project.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FAU-1702639&symbol=FAU&news_region=C


___________________________________________


Since PFN is reporting we can examine the FAU share dispositions at http://sedi.ca/

Issuer name: Fire River Gold Corp.
Insider's Relationship to Issuer: 3 - 10% Security Holder of Issuer
Security designation: Common Shares

00 - Opening Balance-Initial SEDI Report
1581103 2009-10-02 2010-02-19 Direct Ownership :

45 - Compensation for property +6,415,000 0.4500 6,415,000

1619836 2010-03-31 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.4200 6,365,000

1619838 2010-04-14 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -20,000 0.4400 6,345,000

1619883 2010-04-14 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -15,000 0.4500 6,330,000

1619885 2010-04-14 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -19,500 0.4600 6,310,500

1619887 2010-04-19 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -10,000 0.4450 6,300,500

1619891 2010-04-19 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -1,500 0.4350 6,299,000

1619892 2010-04-19 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -2,000 0.4250 6,297,000

1619896 2010-04-19 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -508,000 0.4200 5,789,000

1619899 2010-04-19 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -9,000 0.4150 5,780,000

1619903 2010-04-19 2010-04-19 Direct Ownership :
10 - Acquisition or disposition in the public market -1,087,000 0.4100 4,693,000

1625372 2010-04-19 2010-04-29 Direct Ownership :
10 - Acquisition or disposition in the public market -5,000 0.4600 4,688,000

1625374 2010-04-20 2010-04-29 Direct Ownership :
10 - Acquisition or disposition in the public market -40,500 0.5000 4,647,500

1633110 2010-05-07 2010-05-11 Direct Ownership :
10 - Acquisition or disposition in the public market +35,000 0.3840 4,682,500

1634323 2010-05-11 2010-05-12 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +1,825,000 0.4000 6,507,500

1636162 2010-05-13 2010-05-14 Direct Ownership :
10 - Acquisition or disposition in the public market -15,000 0.4500 6,492,500

1652409 2010-06-09 2010-06-10 Direct Ownership :
10 - Acquisition or disposition in the public market -20,000 0.4600 6,472,500

1658214 2010-06-21 2010-06-21 Direct Ownership :
10 - Acquisition or disposition in the public market -47,500 0.6400 6,425,000

1660532 2010-06-23 2010-06-24 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.6500 6,375,000

1660533 2010-06-23 2010-06-24 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.6700 6,325,000

1660535 2010-06-23 2010-06-24 Direct Ownership :
10 - Acquisition or disposition in the public market -50,000 0.6800 6,275,000

Security designation: Warrants (Common Shares)
1581107 2009-10-02 2010-02-19 Direct Ownership :

00 - Opening Balance-Initial SEDI Report Common Shares
1581108 2009-10-02 2010-02-19 Direct Ownership :

45 - Compensation for property +1,000,000 1,000,000 0.5000 2011-10-02 Common Shares +1,000,000 1,000,000

1634329 2010-05-11 2010-05-12 Direct Ownership :
16 - Acquisition or disposition under a prospectus exemption +912,500 1,912,500 0.6000 2011-11-11 Common Shares +912,500 1,912,500

Thursday, August 5, 2010

Venture Exchange Depravity in Spades

Meet Mr. Harry Barr of ultra long career pitching VSE paper to the dopey masses. Its one wicked track record but we are most interested in his latest and greatest active promo dopo for utter dum dums ... Fire River Gold.





How shall we begin? Lets examine how this flaming junker was first capitalized, that explains much in how to acquire ultra cheapo paper and get a Venture Exchange promotion rolling.
On 19 June 2008, the Company issued 4,300,000 common shares of the Company at .001 per common share for cash proceeds of $4,300. (These are your ultra cheap principal seed shares and are escrowed for a specified period)
On 19 June 2008, the Company issued 1,950,000 common shares of the Company at .10 per common share for total proceeds of $195,000.
On 19 June 2008, the Company issued 1,580,000 common shares of the Company at .20 per common share for total proceeds of $316,000.
On 21 May 2009, the Company completed its IPO of an aggregate of 1,543,100 units at .30 for gross proceeds of $462,930.

Alrighty then. We got a sponsor brokerage lined up,and a very few connected retail dopes are given a crack at the rock bottom IPO paper. This is the good stuff and only the priviledged and loyal few are allowed in, unless its a few shares dribbled out here and there to insure the proper number of names required for distribution.

TORONTO, ONTARIO--(Marketwire - May 29, 2009) - CNSX Bulletin 2009-0511. The common shares of Fire River Gold Corp. have been approved for listing on CNSX. Following an Initial Public Offering of 1.54 million units at a price of $0.30 per unit, there are approximately 9.8 million shares outstanding with a public float of 4 million shares.

We need to keep an eye on those outstanding shares moving forward, because creating "wealth" is all about juicing the fully diluted (F/D) market capitalization ... the outstanding shares multipled by share price. The goal, of course, is to juice those outstanding shares (O/S) stupid while hopefully maintaining a decent share price (S/P) to entice more suckers at ever higher levels.




__________________________________________________________

We got our junker listed and now its time to clean up the public float. This means we will show zero buying support and suck up any and all paper the non-believers get tired of holding. Usually there will be little to no news released and often there will be relatively large offers showing in the market. The goal here is to convince those we HAD to give our nifty paper to, to put that paper back in our hands, because we got big and ultra secret plans for world domination.

2009-09-08 - News Release
Mr. Harry Barr reports - Fire River Gold Corp.'s president and chief executive officer, Harry Barr, purchased 5,000 common shares of the company on Sept. 4, 2009, through the facilities of the Canadian National Stock Exchange at a purchase price of 35 cents. Mr. Barr now owns directly and indirectly a total of 4,455,001 common shares which represents 29.7 per cent of the company's issued and outstanding shares.




______________________________________________________________

+ On 27 July 2009, the Company completed the first tranche closing pertaining to its non-brokered private placement and has issued 4,934,044 units at .30 per unit.
+ On 16 September 2009, the Company completed the second tranche closing pertaining to its non-brokered private placement and issued 1,973,673 units at .30 per unit.
+ On 29 September 2009, the Company completed the third tranche closing pertaining to its non-brokered private placement and issued 2,464,000 units at .30 per unit.
+ On 22 October 2009, the Company completed the fourth tranche closing pertaining to its non-brokered private placement and issued 3,264,039 units at .30 per unit.
+ On 10 November 2009, the Company completed the fifth and final tranche closing pertaining to its non-brokered private placement and issued 438,000 units at .30 per unit.

It took a while but we finally managed to lasso enough live ones to fill the treasury and take the next step in our grandiose plan to conquer the dopes of the world.




________________________________________________________________

FIRE RIVER GOLD CORP. ("FAU") BULLETIN TYPE: New Listing- DATE: November 11, 2009 TSX Venture Tier 2 Company
Effective at the opening Thursday, November 12, 2009, the common shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Exploration/Development' company.
 The Company is presently trading on the Canadian National Stock Exchange.


Capitalization: Unlimited common shares with no par value of which 29,623,857 common shares are issued and outstanding Escrowed Shares: 5,418,001 common shares are subject to staged release escrow




______________________________________________________________

We gots the money, we gots the exchange listing we were after all along, and we gots the float in relatively friendly hands. Now we need to juice SP and get more money at ever higher levels. We now need to promote this chit worthless paper.

Nov 16, 2009 - Fire River Gold Corp. Joins AGORACOM and Launches Online IR and Marketing Program.
Fire River Gold Corp. ("FAU" "Fire River Gold") (TSX VENTURE:FAU) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.

Agoracom is not a particularly good choice to pump the paper to the public these days as the Ontario Securities Commission (OSC) cited the firm and its principals on April 1, 2010 for allegedly requiring employees to pose as investors and to anonymously post messages touting the firm's corporate clients' stock.

Mr. Barr continues to promote this toxic association and this exposure applies to all 4 of his stable. The promo material is hard to miss on the Agoracom website with the significant cost borne by stakeholders ... " 250,000 shares or 0.5 per cent of a company's fully diluted outstanding shares at the prevailing share price, whichever is greater."

El Nino Ventures Inc (TSX-V: ELN)

Fire River Gold Corp.
(TSX-V: FAU)

Next Gen Metals Inc.
(CNQ: N)

Pacific North West Capital Corp.
(TSX: PFN)
http://agoracom.com/

Read more:
http://www.vancouversun.com/news/cites+investor+relations+firm+phoney+postings/2767926/story.html
http://www.osc.gov.on.ca/en/Proceedings_soa_20100401_agoracom.htm
+ On 21 December 2009, the Company completed the first tranche pertaining to its brokered private placements with Loewen, Ondaatje, McCutcheon Limited as lead agent and M Partners Inc. and Macquarie Capital Markets Canada Inc.and issued 6,000,000 units at .50
+ On 18 March 2010, the Company completed the second and final tranche pertaining to its brokered private placements with Loewen, Ondaatje, McCutcheon Limited as lead agent and M Partners Inc. and Macquarie Capital Markets Canada Inc. and issued 490,000 units at .50
+ 17 May 2010, the Company announced that it has now completed its first tranche of its non-brokered private placement and accordingly has issued a total of 9,063,750 units at a price of .40
+ 26 May 2010, the Company announced that further to its news release dated 4 May 2010, the current non-brokered private placement has been oversubscribed and the Company issued an additional 582,250 units at a price of .40 per common share to raise $232,900.

FAST FORWARD to June 2010 and fully diluted shares outstanding is 66,815,298, and we ain't even close to being done yet.

"Further to Fire River Gold Corp.'s news in Stockwatch June 18 and June 22, 2010, the company has now completed its non-brokered private placement and accordingly has issued 11 million units at a price of 50 cents per unit for gross proceeds of $5.5-million.

On July 31, 2010 the capitalization was reported by Fire River Gold.

Issued and outstanding59,601,931
Warrants21,235,496
Options4,450,000
Fully Diluted86,097,389

Multiply that number by share price and this Barrian wonder is suddenly capped north of $ 50,000,000.