February 19, 2018 
 Monday 
 
 

Forum
Topic:
Clips from Alleghany

       

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 By cw3343

06/19/2016  2:58AM

I am wishing that I could have made it to the meeting today. I hope that the meeting went well, and I hope no shareholders fell down the Tightner shaft!

It is always nice to visit the Mine, and Alleghany. It is definitely one of the better areas of our great state of CA.

Shout-out to this company for all of the work they do to create an interesting and fun annual shareholder meeting!
 By SCOOP

06/16/2016  2:38AM

What’s with the California weather? Last week it was in the 80’-90’s. This morning it iwas 44 degrees and perhaps snow in the high elevations. Next week the weatherman predicts low 100’s. Alleghany is looking pretty good. Weed eaters are purring about the community. The Spring brought much vegetation. The mine site looks better than it has in years.

Shareholder meeting is this Saturday and the museum has a two day show.. There will be a very high quality gold specimen display. Yes, it is father’s day but anyone within driving distance from Alleghany should take the chance and come.

Underground Gold Miners of California phone number is (530) 287-3330.
 By SCOOP

03/17/2016  3:47PM

Something or somebody put this website off line...out of business for two weeks. The website began in the 1990's and its format is ancient in technology time.

Sixteen to One hired a firm to update the site. The old information will remain but the infrastructure will be 21st century. Hang in there if it goes off again.
 By Hans Kummerow

01/11/2016  10:16PM

Scoop, for any Captain in any Navy with information on the surface temperatures of the Peru Current in October of any year it is possible to foresee, what sort of wheather is to be expected three thousand miles to the North and in three monthes from October.
And for every President of every hard rock gold mine above the Malone Fault with information on the strikes and dips of hydrothermal quartz veins that where intercepted during the last 100 years of mining that orebody, it is possible to foresee what amounts of gold precipitation are to be expected in the Compromise Raise.
So, my wish for the crew is easy to do. Good luck for Mike and his threedimensional image of the Origsix-Orebody.
 By SCOOP

01/11/2016  3:10PM

Hans, you should pick the number for the huge lottery in America and wish to be correct. California is getting pounded with rain and snow and the mine continues working on three pockets of gold. Make another wish for these hard rock underground gold miners.
 By Hans Kummerow

01/10/2016  10:19AM

Last October I have sent you two wishes (See below): A lot of moisture for all of California and a few high-grade pockets for the crew in the compromise raise.
As far as the moisture is concerned my wishes seem to work.
A Happy New Year for Origsix!
 By SCOOP

01/01/2016  1:28PM

Re-connect with us. The 2016 year will be an eventful ride.
 By Michael Miller

12/29/2015  3:36PM

For clarity read the entry below…………….

I did receive an email this morning: “Your Company traded 1150 shares at 0.20 this morning, then 300 at 0.00”. My further review discovered the bid/ask is 0.01 at 0.20. Of all people, Scoop, you must have seen the crew arriving this morning and my Ford Raptor parked outside the office. The bank didn’t repossess it. Nothing negative has change with our operation. Here is a little stock history; take a look on the web site under the topic STOCK at left of screen.

The last legitimate trade that occurred was august 31, 2015 at $.56. On June 16, 2015, 18,209 shares were purchased for $.44 each. On October 23, 2014, 10,000 shares were purchased at $.42. Furthermore between January and June of 2013, 9,800 shares changed hands at $.89.

The Stock exchange listing on the FORUM has many entries discussing the pink sheet or gray market as some call it. I call it a joke.
 By SCOOP

12/29/2015  1:23PM

Oh no, the Sixteen to One mine must have fallen into the earth! Well, only if you believe in the relevance of the stock market according to Pink Sheets. I know some people actually put credit in this market to evaluate this Company value. According to today’s trade history on the internet ( marketwatch.com/search/value=osto) the Company is worth nothing. It is worthless because some intelligent people traded shares at $0.0000. The reported volume is 1,050, down from a prior trade at $0.20. According to this report the 52 week high is $0.29. What a sad day it must be in Alleghany. The crew must be devastated. Mike must have lost his mind with this realization that the 104 year old corporation, yes the same one organized to take over the 119 year old mine and its 147 year old neighbors has no value.

Mike, if you see this news, please respond. Did the trees all die? Has your water dried up?
Did others steal all the equipment, supplies and inventory when your back was turned? Is there no more gold left to mine?
 By SCOOP

11/07/2015  8:11AM

The company's third quarter preliminary Income Statement or Profit/Loss looks profitable. Nice turn around, miners and staff!
 By Hans Kummerow

10/28/2015  9:35AM

Thank you for the update, Scoop.

I hope you will get a lot of snow during this winter season and the much needed rain in the lower parts of the country.

And I hope the Compromise Raise has still a few high grade pockets for the crew to blast into.
 By SCOOP

10/26/2015  4:16PM

Here’s the Alleghany situation.
The best news for any gold mining company and especially those high-grade underground mines is: our explorations led to modest gold production for the third quarter. A company noted for hyping its stock would have really built this into a grand expectation. Mike is just relieved that he is not going into additional debt. When past performances produced a 2500 ounce day, a 10,000 ounce pocket (one location usually in a stope) and numerous 500 to 1000 ounce finds, this much needed bundle is not especially news worthy but it is worth noting that corporate liabilities are not increasing.

Can we think about another 500 to 1000 ounce day? Sure, why not. This deposit has much more to give.

Scoop has an inside track to information about the Sixteen, so offers readers his perception: stay tuned for news of a much improving situation here in Alleghany. What do the readers think about the gold situation? It seems very quiet. Mike is definitely not fretting the current spot price as many of the other producing (and non-producing) mine operators or promoters are wanking about.

Remember that most investors have no or little gold options in their portfolio. Why is this true?

Is that silly grey market still trading OSTO shares? The last trade of certificates shows up on this website at $.56. Look, 18,209 shares were bought at $.44 in August. There currently are no bids. The only shares offered below a dollar are 1,150 priced at $.89. How come there are no bidders? How or why has OSTO become the oldest American gold mining company in North America?
 By SCOOP

07/27/2015  1:15PM

Hello 16 to 1. Your Forum input lately resembles the water situation in California… it dried up! Being the professional journalist, Scoop demands an interview and supportive evidence as to why this has occurred. From your history, either you have good or bad news and are too busy to sit down and craft your story. Since the annual shareholder meeting in June, your activities in Alleghany confirm you remain in business.

Be prepared for those tough questions that accomplished (and great) reporters ask. Scoop is at your door high noon tomorrow.
 By SCOOP

06/25/2015  8:16AM

Last week end was a busy time in Alleghany. About eighty shareholders and guests traveled the trail to the landing at the old mine office. Weather cooperated except for a nearly afternoon windy spell. The food tent flapped and flapped and then took off. Those nearby grabbed the tent poles and ropes and kept the tent from heading into space.

Besides the routine corporate business, Mike announced a motion would be placed to put a new tool at his discretion (if needed) for attracting a future investor(s). It is the formation of Preferred Stock. Preferred Stock represents a secured position for investment without the struggle to determine the value of common stock. Scoop got details and will provide it at the end of this entry.

The Underground Miners of California Museum had two days of events: historical walk around Alleghany, a grand collection of gold specimens and on Sunday a tour of the Sixteen to One. The museum celebrates twenty years. Be sure to check it out when next in Alleghany. It grows every year.

The President told of a recent finding of gold in an unusual place in the mine. His confidence seemed high but as we all know, it is best to talk about gold once it is accounted for and in a safe place.

So for anyone wishing to join what seems like a good time for Sixteen to One, here is how to secure an investment. Mike assured Scoop that he will work ways with investors that meet just what they want.

Preferred Stock
The Board of Directors is expressly vested with authority to determine, in whole or in part, the preferences, limitations, and relative rights of the Preferred Shares, or one or more series of Preferred Shares, before the issuance of any such Shares. All shares of a series of Preferred Shares shall have preferences, limitations and relative rights identical with those of other Preferred Shares of the same series. The preferences, limitations, and relative rights of the Preferred Shares shall be specified in a subsequent amendment to these Articles of Incorporation adopted by the Board of Directors and may include, without limitation:

(1) Special, conditional, or limited voting rights, or no right to vote, except to the extent prohibited by the KBCA;

(2) That the Preferred Shares be redeemable or convertible (a) at the option of the Corporation, the shareholder, or another person or upon the occurrence of a designated event; (b) for cash, indebtedness, securities, or other property; or (c) in a designated amount or in an amount determined in accordance with a designated formula or by reference to extrinsic data or events;

(3) Rights entitling the holders to distributions calculated in any manner, including dividends that may be cumulative, noncumulative, or partially cumulative;

(4) Preferences over any other class of shares with respect to distributions, including dividends and distributions upon the dissolution of the Corporation; and

(5) Other preferences, limitations, or relative rights not prohibited by law.
 By SCOOP

06/19/2015  5:40PM

Tomorrow looks to be another fun day in Alleghany: shareholder meeting, Underground gold Miners Museum’s gold exhibit, vendors set up on Main Street Four Star Shop open and food at Casey’s. Temperature in 90’s. Inside Sixteen to One a steady 50 degrees. Those who seek out this annual event will have a blast.
 By fredmcain

06/09/2015  11:06AM

Just as the Golden State embarks on what is normally a dry, rainless summer following a record drought, what happens? A freak out-of-season rain storm forms out of nowhere. How?

Well, a hurricane, now downgraded to a weak depression is working its way up the Baja California coast. Although it's iffy as to whether any of this moisture will reach Allegheny, heavy rain is now moving into Southern California

Will wonders ever cease? These kinds of systems do not normally appear until at least August. But one thing is for certain, this is most certainly NOT a normal year.

In the end, it all depends on the weather.

Regards,
Fred M. Cain
 By SCOOP

06/06/2015  6:04PM

An uneventful Saturday in Alleghany so Scoop drags out his unused files. How about this short note from October 16, 2009.


Are the underground mines in the United States under regulated for safety?

Up to today’s date there have been sixteen fatalities in the metal/nonmetal mining industry. Fourteen occurred at surface operations. Two occurred at underground mine sites: a lead/zinc mine and a salt mine. Of the remaining fourteen surface operations only one (Newmont) was a gold mine.

Most mining organizations care about and demand safety. In California the mines are inspected by Cal/OSHA and the federal Mines Safety Health Administration (MSHA). Rumor is the current Secretary of Labor issued orders that will have the effect of creating more citations by the MSHA inspectors. Citations do not necessarily increase safety. Positive or constructive suggestions work best and have for many years. This is not to excuse misguided management or careless miners who flaunt safety. Let’s hope that MSHA contributes to underground safety in a constructive manner as the years advance..
 By fredmcain

06/05/2015  11:24AM

Scoop, Ryan & Group,

Here’s my two cent for whatever it may be worth – perhaps nothing.
First of all, OSTO is what many people refer to as a “penny stock” and like all penny stocks, there is risk involved. Why should we try and pretend that there isn’t?

As a general rule, I do not buy penny stocks under any circumstance or, uh, well, under ALMOST any circumstance.

I clearly made an exception with the Original Sixteen to One Mine for two reasons. One, I was most deeply impressed by Mr. Miller’s dedication and commitment to this enterprise. He will succeed or die trying. That being the case I was willing to try right along with him. If we fail, we will at least be able to say we gave it a genuine effort.

The other reason is more minor and some might say it sounds kinda silly, but the fact is that this is a most fascinating operation that employs traditional, “environmentally friendly” underground mining techniques including an underground railway.

Modern “trackless mining” can sometimes have a “get in and get out” mentality of making a fast buck and look for short term gains with no long-term vision. The very fact that they refuse to lay track suggests in my mind’s eye that their commitment is shallow. Not everyone will agree with that viewpoint, I know that, but that’s kind of the way I see things.

I hope and pray that Mike Miller and his fellow miners keep on digging. They might just find something, too. We already know it’s there but will we find it in time? Time and time alone will tell. Mike has my support 100%

Regards,
Fred M. Cain
 By SCOOP

06/03/2015  6:09PM

No worries on your concerns,Ryan, that Mike has cast aside seeking compatible sources of money. He's been around long enough to avoid the hucksters. He's been looking for that golden angel. He brought a group through Alleghany to inspect the mine and operation. Good prospect but chief investor took sick. He got nowhere with bankers. Have you tried to get a loan these days from a bank? Forget it unless you have good credit, earnings or net profit after filing taxes or your sister manages the bank.

No one would even consider bank rolling a gold mine with a $2 million lawsuit dangling overhead. Well, that's gone, mid February 2015. Scoop knows those miners, sees them drive into Alleghany before 7am and out of town about 5pm. The office crew has same work ethic. People count, sure money greases the operation but do you know this? There is no other known lode gold mining going on in California's Sierra gold belt. Odd?? Why?? No money funding gold mining. NO one gets it as in those long gone days before the 21st century. At $1200 an ounce California's gold mine should be humming and you own a piece of the best there is. Hang tough, Ryan. The gold goddess is peeking at the Sixteen. Maybe she will extend her touch and your fortunes change. Hope you own a lot of shares when it happens.
 By RyanBaum

06/03/2015  2:07PM

I finally had a chance to read the OAU annual report today. While Mike Miller references his three written commitments from last year’s annual report, he didn’t report on the verbal commitment he made at last year’s annual meeting—this was going to be the make or break year. He made a commitment that either gold would be found to increase the cash position or he would begin discussion with investment bankers on funding options.

Although I won’t be able to attend this year’s annual meeting in person, I hope a shareholder raises this question and Mike provides specific plans on raising cash even if this requires equity dilution. To paraphrase a friend of mine, I’d rather have a smaller percent of something than a larger percent of nothing.

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© 2018 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

Phone:   
Fax:
E-mail:
 
(530) 287-3223      
(530) 287-3455
corp@origsix.com
 

      Gold Sales:  


(530) 287-3540

goldsales@origsix.com
 



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