Wednesday, December 19, 2012

It will not DIE !!!!!!

Ultra sad sack Fire River Gold has been taken over by the creditors who are desperately attempting to get their money outta THEIR white elephant.

Latest is the exact same breathless reguritation of fukkin drill results that are meaningless without full disclosure ... i.e. that rock is STILL (duh) below the water table and 1000% unminable.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAU-2023909&symbol=FAU®ion=C
This horrid promo was donesky from the day Barr paid $ 500k for Nixon Fork and it can only amaze how many MORE millions were pissed away on that water filled hole.

A terrible investment then, a terrible investment now, and damn, this horrid PoS ought to have been delisted many moons ago for the protection of the public.


http://pennystockjournal.blogspot.ca/

Monday, July 30, 2012

Where's the Money Honey?

We are on the eve of destruction for more than few lost causes these days.

Leading the charge is the truly done Fire River Gold (FAU.v) who SHOULD have tucked away $ 10m by now to help pay some of those many liabilites, the most important of which becomes due and payable on Wednesday.
If we can forget, if at all possible, how astounding it would be for ANOTHER retard to step up with $ 10m to piss away, we recognize this PoS should have been halted by the BCSC for the protection of the public more than 2 years ago.
::
::Ain’t we got fun?

Ev’ry morning, ev’ry evening
Ain’t we got fun?

Not much money, Oh, but honey
Ain’t we got fun?

The rent’s unpaid dear
We haven’t a bus

But smiles were made dear
For people like us



Wednesday, July 11, 2012

Weeks to go on the Fautard-o-meter ...


So this fully lost cause has until August 1st to either find another retard for multi-millions to last a few more months OR become instantly in default of the non-revolving loan with Waterton.

No question in this little mind which its gonna be and this offense will be gonzo with a whimper and not a bang. There is virtually zero time left to salvage ANYTHING. Been saying it for almost 2 years now and as scary as it sounds I have NEVER been wrong about this PoS. Conclusion hasn't changed ... sell or get nada.




Don't you worry your little head about how our two main mutts are suffering. Boyos did just fine, thanks for asking.

In reality a body needs to be more than slightly amazed that a written off property, acquired for $ 400k can be leveraged for multi-millions from one group of utter retards after another.

Amazing dopes and/or fully crooked basterds all along the line with the outcome NEVER in any doubt.
Many lessons to be learned from this horrid scam, being the textbook Venture promotion it always was and all.

First and foremost the amazing inability of some public types to ask the simplest of questions of their "management" in preference to believing the horsechit entirely without any question.


There is no question whatever (NONE) that this deal will be finished VERY soon.

Friday, June 29, 2012

Fuck You Kitty



"Fire River Gold Corp. has entered into an amendment agreement dated June 22, 2012, with Waterton Global Value LP pursuant to which it has amended the terms of the senior secured gold-stream credit agreement dated March 30, 2012, between the company and Waterton.

Under the terms of the amendment agreement, Waterton has agreed to increase the credit facility by making available to the company $1.5-million as a single-advance and non-revolving loan. The principal amount of the additional facility is to be repaid by the company on the earlier of: (i) the date on which the company closes its next equity offering of its common shares and (ii) Aug. 1, 2012.




As part of the additional facility, the company paid Waterton a 2-per-cent cash-structuring fee and will issue 2.25 million share purchase warrants to Waterton, at an exercise price of 10 cents per warrant, and the warrants will expire three years from the date of issue.
Just an extra little bum pokery in case there's accidentially something left over from the rotting carcass. (phat chance)



Wednesday, June 27, 2012

SOMETHING is always better than NOTHING




Never has this ultra dopey deal been rocket science.

The utter and insulting lies from this group of miscreants has been non-stop from day one, continues to this minute, and they even provided the rope to hang themselves with 18 months ago by admitting to HAVING the Golder Associates engineering study the entire time.

OF COURSE nobody is stupid enough to throw another $ 4m away and that horsechit was very likely just another lie to offload more paper.

There is absolutely zero reason to hold this ridiculous paper, there never has been a good reason to hold it, and without any question it is going to zero with the only unknown if it will be there in days or weeks.

"Fire River names Russell interim CEO, delays financing

Fire River Gold Corp. has appointed R. David Russell, the company's non-executive chairman, as interim president and chief executive officer while the company finalizes its review process and discussions with potential CEO candidates. "

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAU-1972575&symbol=FAU®ion=C


"potential CEO candidates"

Yes of course there has been an announcement of multiple K9s jumping from the kennal with the list including virtually the entire BoD.

Despite the unending stupidity from ridiculous pumper dopes, who have somehow STILL failed to go back to wherever it is exactly they come from, there will never be a "buying opportunity" for this utter offense.
"Fire River Gold Corp. has accepted the resignations of the following individuals, effective immediately: Richard Goodwin, president and director, Timothy Smith, vice-president and chief operating officer, and board members Linda Holmes and C. Douglas Lang."

R. David Russell, the company's non-executive chairman, said: "We would like to thank Mr. Goodwin and Mr. Smith for their contribution to the Nixon Fork mine.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAU-1971860&symbol=FAU®ion=C


A body can guarantee there will be news of SOMETHING horrific very soon butt really. This observer's only question is why R. David Russell isn't taking a hike too ... he's been around for a looooong time and knows all.

We suspect the BCSC might have FINALLY looked into the second, highly bogus 43-101, but who freakin knows. A phone call to these wicked SoBs 18 months ago might have done some good for the public ... certainly it's of no service whatever in the final hours of this grotesque offense.



Yet another massive accomplishment of this lost cause was announced today ... the dilution of this horrid deal at ultra rock bottom for enough cash to last another 2 months, at very best.

"Fire River Gold Corp. has arranged a non-brokered private placement to raise up to $4-million by issuing up to 34,782,609 units at a price of 11.5 cents per unit. Each unit consists of one common share and one whole share purchase warrant. Each warrant will entitle the holder, on exercise, for a term of 24 months from the closing date, to purchase one additional common share at 16 cents per warrant share."


One wonders mightily a) who the tard is at $ .115, and b) if the dopey PP is gonna close at all.

So yes indeed at the near end of it all this commentator has NAILED this ridiculous deal BANG-ON and from near day 1.







Thursday, May 17, 2012

Bazookas and Milestones for FAUtards

If being compensated by the useless word, Mr. Goodwin is returning spectactular dividends for those remaining (very) poor souls still stuck in FAU.v at historic lows.

Reading all about this near done promo's many accomplishments and copious milestones is inspirational, truly. A certain comfort to those public types that stand to lose the remainder in months.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAU-1959973&symbol=FAU®ion=C
Where to start with that which is insulting from start to finish?

"From July 4, 2011, to the end of March, 2012, the mine produced 25,875 tonnes of ore grading approximately 15.5 grams of gold per tonne, so a total of 12,875 ounces of gold were mined."

Hmmmm and hold on to your doodle for a second. 9 months production = 12,875 ozs when the promised was SUPPOSED to be 37,500 ozs (50k X 9/12)

Could this be the reason cash burn is $2.5m per month + still? (Ahuck?)


"The mine was muck bound for much of the first quarter due to the commissioning delays in the mill."

Whatza? Not "muck bound" because of the water table at all, and, hmmmmm ...

"Successfully implemented long-hole open stoping in the mine in two locations (208 to 220 metres above sea level and 240 to 270 metres above sea level of the 3300 zone);"
And what do we "know" about that water table? "The water table varies from 140 meter to 168 meter in elevation."
Bestus part? We got you covered with a bazooka for mining success in FAUtard land citizen ...

"... a smaller bazooka-type drill is used to drill 15- to 25-metre holes that help to define the higher-grade pods of mineralization.

The company owns and operates both the bazooka and Hagby drills."
Uturdly insulting is what Mr. Goodwin's verbal stupidity has always been. If a body cannot be insulted by this horrid brand of Goodwinisms they very probably deserve to lose the dough anyway.


Friday, May 11, 2012

FAU.v Financials for Retards


All a body can say after a while is Pffft - my - fukkin doodle from latest quarterly reading from this ridiculous smoke show.

For some reason, that can't be good, the cost of shuttering Nixon Fork is now past a whopping $ 6m and whats this at the bottom to bootsky? A lawsuit that isn't material enough to tell stakeholders about because its in the "ordinary course" of business?

Losing money hand over bloody foot of course and don't be freakin ridiculous. One can only marvel at how close this brick actually was to complete insolvency before that dopey Sprott debt arrived to save the day, temporarily.


Accounts payable going through the roof and rumours of suppliers getting squeezed has turned out to be 100% correct, and that fact may explain the lawsuit as well.

Monday, April 23, 2012

After market NRs for Dummies

It is almost laughable that yet another vulture (besides Sprott) has decided to take the carrion plunge on a water filled hole in Alaska by the name of Fire River Gold.
"Mr. Richard Goodwin reports

FIRE RIVER GOLD PROVIDES ADDITIONAL INFORMATION REGARDING CREDIT FACILITY

Fire River Gold Corp. and Mystery Creek Resources Inc. are providing additional information concerning the $12.75-million gold-backed credit facility with Waterton Global Value LP previously announced April 4, 2012.

As previously disclosed, the credit facility bears interest at a fixed rate of 5 per cent per year, consists of a single drawdown on closing and is repayable in 18 monthly instalments, beginning October, 2012. The credit facility may be repaid, at Waterton's option, in either cash or ounces of gold at 78 per cent of the then prevailing gold price.

As part of the transaction, the company has also agreed to sell to Waterton all of the gold and silver produced from the CIL plant until April 30, 2014, pursuant to a gold and silver supply agreement at approximately 99 per cent of current prices. This represents approximately 20 per cent of the mined product. The larger portion is sold under an existing agreement with Glencore Ltd. in the form of a gold-and-silver-rich copper concentrate.

In connection with the credit facility, the company paid Waterton a cash structuring fee of $255,000 and issued warrants to Waterton to purchase 8.25 million common shares priced at 23.575 cents per common share. The warrants expire three years from the date of closing and are subject to a four-month hold period in accordance with applicable Canadian securities laws. In addition, the company paid a finder's fee of $255,000 (U.S.) to Global Hunter Securities.