Tuesday, December 31, 2013

Fire River Gold FINALY halted - FAU.v

It only took years of outrageous public fraud and a regulator that CANNOT be moved off that grotesque nail for love nor money, and this horrid, horrid example of what is sickeningly wrong with the Venture is finished.

Absolutely amazing says this monkey, and nothing says it better than the FACT the dopey company admitted in black and white it was witholding critical disclosure and the regulator COULD NOT be bothered to "do" thing one about it.
Blow by blow, insult after insult, this was textbook promotion from a career Venture promoter, who, naturally, bailed when the timing was right and is now off to the next promo for utter dopos.

It boogles this little mind how career chitbags can REMAIN career chitbags for decades with no problem whatever. The only possible way is to have a corrupt regulator and Lord knows the BCSC is just about as corrupt as a pack of intrenched and grossly overpaid idiots can get.
VANCOUVER, Dec. 31, 2013 /CNW/ - The following issues have been halted by IIROC:
Company: Fire River Gold Corp.
TSX-Venture Symbol: FAU
Reason: Failure to Maintain Exchange Requirements
Halt Time (ET): 10:04

Bloody wonderful. This dopeshow has been 100% fully dead broke with no bid for at least 8 months. I suppose a body should be fukkin grateful this PoS wasn't offered at half a cent for the NEXT 5 years.


Wednesday, October 16, 2013

FAU goes no bid - "market conditions"

"Fire River Gold Corp. has been unsuccessful in renegotiating the terms of its senior secured gold stream credit agreement with Waterton Global Value LP and has received demand for payment from the lender.

The lender has also notified the company of its intention to enforce the security granted to the lender pursuant to the credit facility and of its intention to take the company's shares in its wholly owned subsidiary, Mystery Creek Resources Inc., in satisfaction of the company's indebtedness to the lender in accordance with its rights under the B.C. Personal Property Security Act. The result of such realization process by the lender would be the loss of substantially all of the company's assets. The company knows of no reason that the lender's realization process will not complete as proposed.

Prior to the demand for payment, the board of directors of the company engaged in significant efforts to find additional sources of financing for the company. Ultimately, however, the company was unable to find additional financing, primarily due to the current difficult market conditions."

A sickening securities scam from a sickening career venture promoter since day 1, reported several times to the useless as fukkin hell BCSC, and destined to successfully screw the public over without censure of any kind, AGAIN.

For 3 years we have said this ain't fukkin rocket science and it absolutely AIN'T. This disgrace is the perfect example why the venture "enjoys" the reputation it has earned over sooooooo many years. Catering to proven scumbags while the public continually gets scammed.


Saturday, September 28, 2013

Rolling Harry Barr gathers no moss


Proving that old adage that Venture promoters never die ... they simply morph into something bigger and better next time, the probably evil Mr. Barr has yet ANOTHER for sure, 100% winner for public types.
Gordon Chunnett and Harry Barr's Southern Sun Minerals Inc. (SSI) has already filed an information circular about its plan to acquire Rock Star Resources Inc. for its qualifying transaction. The companies signed a letter of intent just two months ago.

Southern Sun will issue 1.74 million shares for Rock Star, which has an option to buy the Galleon gold property in Alaska. After completing the acquisition of Rock Star, Southern Sun will then be responsible for paying the underlying owner of the Galleon property, Anglo Alaska Gold Corp., a total of $165,000 (U.S.) cash and 600,000 shares, due in stages. Southern Sun will also have to spend $400,000 (U.S.) on exploration by the end of 2016.
Before we run for our chequebook we best delve into those devilish BarrTardian details ...

The information circular reveals that of the 1.74 million shares that Southern Sun will issue for Rock Star, 500,000 will go to each of Mr. Barr and Kevin Lawrence, both directors of Southern Sun and Rock Star, and another 500,000 will go to Roy Gould, a former vice-president and partial owner of a B.C. firm called United Capital Securities, which was an introducing broker. Mr. Gould resigned from United Capital in 2005, shortly after a U.S. judge ordered him to pay a $500,000 civil penalty and repay $13.84-million in illegal profits from the sale of unregistered shares of an OTC Bulletin Board listing, Starnet Communications International Inc., a company that in 1999 switched its promotion from operating several porn sites to Internet gambling. Mr. Gould was a consultant to Starnet. The stock traded up to $26 (U.S.) in July, 1999, giving the company a market valuation of $1-billion, but later that year it declined after the Vancouver police raided the company's headquarters and the homes of six directors in search of evidence of illegal gaming and pornography. In 2005, after Mr. Gould demonstrated his inability to pay the U.S. judge's fine, the judge waived the civil penalty and reduced the disgorgement to $1-million, or about half of Mr. Gould's net worth at the time. Unsurprisingly, Mr. Gould will not be a director or officer of Southern Sun.

Money in the fukkin bank THIS time? Pfffffft.


Sunday, June 30, 2013

Nixon Fork FINALLY shuttered

And here we go, FINALLY the last nail in this disgusting offense and now one wonders if Mr. Harry Barr will buy the property in bankruptcy and do it all over again for the NEXT generation of truly amazing idiots.

Since, to this fukkin day, there has been no proper disclosure of the very obvious water table problems why not?


Fire River Gold Corp. has commenced the process of placing its Nixon Fork gold mine on care and maintenance. A core team will remain at the mine site to maintain the infrastructure.

The company is taking this action until a revised operating plan has been developed and market conditions improve. In the interim, the board will run a strategic process and consider and evaluate all options with respect to the Nixon Fork property.
Half a cent bid and there ain't a poochie here who never heard it first at Neer Do Well about 2 years ago. UNREAL is what this ridiculous fraud is and was. A body can't motivate the BCSC for love nor damn, fukkin money and fuk me the company ADMITTED IN BLACK AND WHITE its disclosure was whacked and we STILL couldn't move the BCSC one iota.


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.
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.


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. "


"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.

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.
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.