Cosigo Resources (CVE:CSG)

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Re: Cosigo Resources (CVE:CSG)

Postby Pixel8r » Tue Aug 30, 2011 5:09 pm

precious44 wrote:That was a bit misleading, it was mostly the attendees who were very bearish on stocks, the speakers were extremely negative on the future of the global economy with a mad max type scenario a popular theme.

I will buying the GATA DVD as soon as it's available, shame I couldn't make it up there.
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Re: Cosigo Resources (CVE:CSG)

Postby DoctorSolar » Tue Aug 30, 2011 9:25 pm

precious44 wrote:A friend of mine was at the GATA conference in London and he was chatting to a South American mining investment expert, apparently with very good knowledge of the Columbian mining scene, who hadn't even heard of Cosigo Resources. I'm very surprised they can be that much under the radar.


Hey folks. My educated guess is that Cosigo is still at far too early stage to be on many peoples radars (a part from the folks we already know of: Bob Hoye, Jay Taylor, Dominic, Dr Bubb et al). At the moment they have some great looking properties but as yet no drill permits let alone drill results. So the newsletter writers who are on board don't have an awful lot they can say with certainty. Once we get the permits and then get some results I think we should see a lot more promotion of this thing as the story will be stronger. I have HEAVILY speculated that this in turn will catapult the stock price.
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Re: Cosigo Resources (CVE:CSG)

Postby precious44 » Wed Aug 31, 2011 7:01 am

I certainly hope so Dr. Pix my friend came back from the GATA conference disappointed as he follows most of the main speakers online he heard little of interest and was despondent with the very negative vibes they were giving off.
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Re: Cosigo Resources (CVE:CSG)

Postby Pixel8r » Wed Aug 31, 2011 8:15 am

precious44 wrote:Pix my friend came back from the GATA conference disappointed as he follows most of the main speakers online he heard little of interest and was despondent with the very negative vibes they were giving off.

I would have been very interested to hear what Andrew Maguire had to say, as he hasn't been saying much since his whistle blowing at the CFTC.
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Re: Cosigo Resources (CVE:CSG)

Postby precious44 » Wed Aug 31, 2011 2:39 pm

I have a report on it which i can pass on if you could send me your email.
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Re: Cosigo Resources (CVE:CSG)

Postby Pixel8r » Fri Sep 09, 2011 9:04 am

Nice action in Cosigo at close last night +28.9% to close at $0.335 :thumbup:
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Re: Cosigo Resources (CVE:CSG)

Postby Pixel8r » Thu Sep 15, 2011 1:33 pm

Big Snakes and Coarse Flakes - September 13, 2011

...As the first-aid course was underway in town, a local man walked past the Cosigo camp at Machado ridge. He had been up at the old gold workings at Peladero about 5 km north along Machado ridge from our camp. Peladero is well inside Cosigo's concession at Machado but locals occasionally work there looking for gold. The man showed us a large piece of gold he had found earlier that day. The nugget weighs approximately 20 grams.

Image

There is gold in "them thar hills"!

...
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Re: Cosigo Resources (CVE:CSG)

Postby DoctorSolar » Sun Sep 18, 2011 7:16 pm



There is too much gold and by implication too much potential tax revenue for this thing not to get the go ahead IMHO. The locals are on board and Cosigo appear to be treating our hosts with the respect they deserve.

I hear rumblings that permits may be issued in November but I have nothing concrete to back that up. So for the time being we sit tight and hope we are right.
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Re: Cosigo Resources (CVE:CSG)

Postby Capitalist_Pig » Thu Sep 22, 2011 9:09 am

Spoke to them last night. They said they are working on closing the placement as we speak. Expect a news release imminently.
A lot of the time, the stock market is just like Tescos ... You just gotta find the value packs, reduced to clear, and buy one get one free offers!
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Re: Cosigo Resources (CVE:CSG)

Postby Rosco » Fri Sep 23, 2011 12:52 am

Cosigo Resources Ltd. Closes $US504,183 Private Placement With South American InvestorsNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia, September 22, 2011 - Cosigo Resources Ltd. (TSXV: CSG) today announced the closing of a non-brokered private placement of 1,008,366 units at a price of $US0.50 per unit, for total gross proceeds of $US504,183."Colombian and Brazilian investors have oversubscribed to this non-brokered private placement. These investors are familiar with our project areas and have been closely following our progress in the Taraira Gold Belt" said Dennis W. Milburn, President and CEO of Cosigo. "We are delighted by their show of confidence."Each of the units consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire, for a period of two years, one additional common share of the Company at a price of US$1.00 during the first year following the closing of the private placement and US$1.25 during the second year. All securities issued in the private placement will be subject to a four-month hold period expiring January 23, 2012. The net proceeds of the non-brokered private placement will be used to advance a drilling program at the Company's Machado project, located in the Taraira Gold Belt in southeastern Colombia, and for general working capital purposes.About Cosigo Resources:Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company exploring for gold deposits in Colombia and Brazil. Cosigo has assembled a strong team, well experienced in South America and in the exploration and mining-finance industries. The Company's flagship project is its 100% owned Machado Project in the Taraira Gold Belt of southeastern Colombia where geological mapping and geochemical sampling have identified potentially gold-bearing strata over a strike-length of more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado Project is the first modern exploration program in an area known to have hosted more than 100 historic gold mining operations.Cautionary Notice: This release may contain forward-looking statements regarding the Company's business or financial condition, including the proposed completion of financings, use of proceeds and exploration programs. Actual results could differ materially from those described in this news release as a result of factors, including, but not limited to the following: the timing and completion of financings, the actual use of proceeds, the timing, results and success of exploration and development programs, financial arrangements, the ability to obtain additional financing, developments in global resource markets, political developments, the timing of regulatory and environmental approvals and other factors. The Company cautions that these and similar statements involve risk and uncertainties, which could cause actual results to differ materially from those in the forward looking statement. Forward--looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.On behalf of the Board of DirectorsCosigo Resources Ltd./s/"Dennis Milburn"President & CEONeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

This looks promising but it's scarry out there at the moment.
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Re: Cosigo Resources (CVE:CSG)

Postby DoctorSolar » Fri Sep 23, 2011 7:25 am

Rosco wrote:Cosigo Resources Ltd. Closes $US504,183 Private Placement With South American Investors


This is astounding news. Why on earth would someone pay close to twice the market price for the shares? This assumes that the warrants are worth 23 cents. So you are paying 23 cents for an option to buy shares at near:

4 times the current price within one year
5 times current price in year 2 and
6 times current price in year 3

WTF :shock:

People with this kind of cash are not idiots someone somewhere must know something...
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Re: Cosigo Resources (CVE:CSG)

Postby Capitalist_Pig » Fri Sep 23, 2011 7:43 pm

Shhh :shh: there's gold in them hills.

Good to see you around DS. Hope u still got your NNVC, things are getting interesting!

It would be great if they recieved a permit while everything is week.
A lot of the time, the stock market is just like Tescos ... You just gotta find the value packs, reduced to clear, and buy one get one free offers!
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Re: Cosigo Resources (CVE:CSG)

Postby DoctorSolar » Sat Sep 24, 2011 10:03 am

Capitalist_Pig wrote:Shhh :shh: there's gold in them hills.

Good to see you around DS. Hope u still got your NNVC, things are getting interesting!

It would be great if they recieved a permit while everything is week.


Hey CP. Good to see CSG didn't get taken down during the carnage of the last few days. Very encouraging.

Still got my NNVC shares locked away. Things are getting very interesting on that front too.

EDIT: sweet zombie jesus NNVC actually managed to update their website too! Wow! :shock:
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Re: Cosigo Resources (CVE:CSG)

Postby Capitalist_Pig » Tue Oct 04, 2011 3:45 pm

Permits ... Yawn :yawn:
A lot of the time, the stock market is just like Tescos ... You just gotta find the value packs, reduced to clear, and buy one get one free offers!
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Re: Cosigo Resources (CVE:CSG)

Postby DoctorSolar » Sat Oct 08, 2011 6:37 pm

Capitalist_Pig wrote:Permits ... Yawn :yawn:


Yes it's been a long frustrating wait CP. The guy 3bar over on SI says he spoke to Milburn about it:

Talked to D. Milburn and he says one more final Public Audience on Nov 9 . Cosigo will have their experts on hand .


http://www.siliconinvestor.com/readmsg. ... d=27676281

So at least another month to go before we hear anything. In all likelyhood it will probably be next year before we get drilling.
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Re: Cosigo Resources (CVE:CSG)

Postby Rosco » Sat Oct 15, 2011 9:11 pm

Two Cosigo share holders...... Dominic Frisby and Bob Hoye.

The Thoughts of Bob Hoye
Posted by commoditywatch on October 13th, 2011

http://commoditywatch.podbean.com/
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Re: Cosigo Resources (CVE:CSG)

Postby DoctorSolar » Sun Oct 16, 2011 9:41 pm

Rosco wrote:Two Cosigo share holders...... Dominic Frisby and Bob Hoye.

The Thoughts of Bob Hoye
Posted by commoditywatch on October 13th, 2011

http://commoditywatch.podbean.com/


Hey Rosco, I see a teeny tiny insider buy too courtesy of a stockhouse post:

http://canadianinsider.com/coReport/all ... ticker=csg

That equates to just over £1500. Small potatoes indeed but it does offer some small crumb of comfort.
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Re: Cosigo Resources (CVE:CSG)

Postby Rosco » Fri Oct 21, 2011 2:34 pm

DoctorSolar wrote:
Rosco wrote:Two Cosigo share holders...... Dominic Frisby and Bob Hoye.

The Thoughts of Bob Hoye
Posted by commoditywatch on October 13th, 2011

http://commoditywatch.podbean.com/


Hey Rosco, I see a teeny tiny insider buy too courtesy of a stockhouse post:

http://canadianinsider.com/coReport/all ... ticker=csg

That equates to just over £1500. Small potatoes indeed but it does offer some small crumb of comfort.


Something I suppose - I wish they'd get a move on....ugh!

This update is encouraging.

President's Letter October 2011

Cosigo Shareholders,

In April of this year, Cosigo completed a reverse takeover and became a publicly traded company on the TSX Venture Exchange. Since then, we have continued advancing our South American projects. I'd like to take this opportunity to give you an update on our activities and plans for the immediate future.

The Cosigo team is well versed in mineral exploration and committed to socially and environmentally responsible exploration. In-house designed and purpose-built exploration equipment forms the backbone of an exploration approach focused on drilling. We pride ourselves on a unique approach to early exploration. Referred to as "geodrilling," the approach allows for rapid and low-cost determination of the near surface limits of mineralized geological targets.

We have concentrated our exploration efforts targeting gold deposits in the highly prospective Taraira (Traira in Brazil) Gold Belt along the border between Colombia and Brazil. This area is underlain by rocks that have similarities to the Witwatersrand complex in South Africa where approximately 40% of all gold in the world has been mined. Gold is present in two forms, fine detrital and relatively large irregular grains. The gold targets in the Taraira Gold Belt are very large and have the potential to develop into several major gold deposits. Gold grades from bulk samples have assayed to over 35 grams per tonne using gravity separation. Preliminary metallurgical work suggests that recoveries of over 70% are possible with gravity separation.

Cosigo's main focus is the Machado Project, which covers more than 20 km of Machado ridge on the Colombian side of the border. Colombian government geologists first worked on the Machado Project in the late 1980's. Twelve diamond drill holes were completed to depths of up to 100 meters. Gold grades were erratic but some were very high grade. In 2007, the 10,000ha Machado property, along with two other properties, was put up for bid by the Colombian government as national treasures. Competing against several much larger gold companies, Cosigo won the bid for the Machado Project.

Cosigo completed a Mobile Metal Ion (MMI) soil geochemistry survey on a 100 meter by 100 meter grid over approximately 70% of the bid area. Together with geological mapping, this survey has outlined large anomalous targets that are considered ready for drilling using two reverse-circulation drills already on site. The Taraira Gold Belt is unique in that the gold mineralization is very coarse grained. The coarseness means that extra care must be taken in sampling to obtain repeatable and consistent grades. Tests are currently being carried out by our Canadian team to establish the best sampling parameters and assay methods for the Taraira Gold Belt.

We are currently awaiting a Forestry Reserve Subtraction permit from the government. Once we receive this permit, our drill program will be able to proceed at Machado.

On winning the bid for the Machado Project, we worked on an extensive MMI survey and developed several targets for follow up drilling. The Environment Ministry then decided that for the exploration phase, all mineral exploration and energy companies would need a subtraction permit for any work in forestry reserves. Together with numerous other exploration projects, the Machado Project is located in a forestry reserve that covers 58% of Colombia.

As part of our Forestry Subtraction process Cosigo has now conducted four formal Prior Consult meetings with the Natives of the area (about 300 people in 200 square kilometers) and with the townspeople of Taraira (about 160 people). Results from these meetings have been overwhelmingly positive.

A final Public Audience will be conducted near the end of November in the town of Taraira. This meeting will have government officials from Bogota attending, along with most of the people from the area. Cosigo will have thirty local speakers presenting the positive aspects of exploration and mining. If there are no serious objections or concerns, Cosigo may have the forestry subtraction permit before the end of the year. Any serious concerns voiced during the Public Audience will be considered by the government and addressed within two months following the Public Audience.

We continue to have our prospecting teams exploring and sampling areas in both the Taraira Gold Belt in Colombia and in the Traira Gold Belt in Brazil. Valuable information is being gathered that will lead to several additional targets and projects in these areas. The Cosigo team has been working to advance a developing target on the Brazilian side of the border to the drill-ready stage. We are very excited about this target, which appears to rival the Machado Project in both size and grade. This work continues as we await the completion of the Colombian approval process for our drill program at Machado.

We recently completed an oversubscribed $500,000 private placement at US$0.50 per unit with Colombian and Brazilian investors. The confidence shown by these well informed investors is very encouraging and the coming months promise to be exciting ones for Cosigo.

Sincerely,
Dennis W Milburn
President & CEO

This bit I like - The Cosigo team has been working to advance a developing target on the Brazilian side of the border to the drill-ready stage. We are very excited about this target, which appears to rival the Machado Project in both size and grade. Wow another Machado! Hopefully the Brazilians are quicker with the permits.

http://cosigo.com/s/NewsReleases.asp?ReportID=486273&_Type=News-Releases&_Title=Presidents-Letter-October-2011
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Re: Cosigo Resources (CVE:CSG)

Postby Pixel8r » Fri Oct 21, 2011 3:09 pm

Rosco wrote:This bit I like - The Cosigo team has been working to advance a developing target on the Brazilian side of the border to the drill-ready stage. We are very excited about this target, which appears to rival the Machado Project in both size and grade. Wow another Machado! Hopefully the Brazilians are quicker with the permits.

http://cosigo.com/s/NewsReleases.asp?ReportID=486273&_Type=News-Releases&_Title=Presidents-Letter-October-2011

Exciting news indeed, slowly slowly catchy monkey. :thumbup:
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Re: Cosigo Resources (CVE:CSG)

Postby Rosco » Fri Oct 21, 2011 3:29 pm

Pixel8r wrote:
Rosco wrote:This bit I like - The Cosigo team has been working to advance a developing target on the Brazilian side of the border to the drill-ready stage. We are very excited about this target, which appears to rival the Machado Project in both size and grade. Wow another Machado! Hopefully the Brazilians are quicker with the permits.

http://cosigo.com/s/NewsReleases.asp?ReportID=486273&_Type=News-Releases&_Title=Presidents-Letter-October-2011

Exciting news indeed, slowly slowly catchy monkey. :thumbup:


Another Machado! Makes you wonder how many they have tucked away.

Like you say Pix - Patience. This has the potential over time to develop into a monster of a discovery play.
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