October 16, 2018 
 Tuesday 
 
 

Forum
Topic:
Clips from Alleghany

       

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 By SCOOP

11/10/2016  12:04AM

In addition to the splendid Northern California “Indian Summer”, interesting stuff makes today a good day to be excited about life. Who can deny (with credibility) that the election of Mr. Trump gives the Sixteen blue collar miners a more prosperous and safer future than the continuation of ‘the establishment’ in government. The expectation that the changes in Washington D.C. expressed by the President elect was cheered by the entire crew. Hooray may be premature but the move is in the right direction. Good luck and best wishes for your success.

Last week Mike brought a diversity of people who study ground water in fractured systems underground. The group comprises geologists, hydrologists, graduate students from UC at Davis and academics. (Scoop was invited on the underground tour.) One guy stood out.. Mr. Vasant M. Wagh is an Assistant Professor , Department of Environmental Science at the Swami Ramanard Teerth Marathwasa Univewrsity in Maharashtra, India. While water was the focus, he had more questions about the gold deposit. Mike made a comment that India’s culture appreciates gold much more than American culture. He smiled and agreed.

A fresh approach towards detection technology was suggested last week. The sponsor will soon meet in Saxony to draw up a plan for further action. The mine’s message is the same now as twenty years ago: exploration with detection to economically improve mining strategy will find an obscene amount of gold.

Pumping the flooded levels of the Sixteen is about to open the 1700 level. Future benefits are assured.
 By Michael Miller

10/28/2016  12:00AM

Remember all our time listed as the time of sending an email to the Forum is off. I will send this at 3pm on the dot.

Our web master is in Hungary and we are having difficulty reaching him. We sent a deposit to a California web site group to take over this job.
 By SCOOP

10/18/2016  2:45AM

THOUGHTS ON GOLD MINING TO INFORM THOSE UNFAMILIAR WITH GOLD MINING
AS AN INVESTMENT
It is a small group, those who operate mining companies, small compared to other basic industries. Forget what you learned from any retail experiences. Discount much of what you learned in manufacturing, research and development as well. Pay keen awareness into economic fundamentals areas, such as: risk to reward, supply and demand, laws of diminishing returns and market values. Natural resource companies require spinning ones brain in unfamiliar territories. Is it worth the effort? That depends on many things, but your intentions always are paramount. Our rules are very different for each mine and miner because our ores vary and our intentions are individually driven and executed.
 By SCOOP

10/14/2016  6:45PM

HAPPY BIRTHDAY TO YOU
HAPPY BIRTHDAY TO YOU
HAPPY BIRTHDAY DEAR ORIGINAL SIXTEEN TO ONE MINE, INC.
HAPPY BIRTHDAY TO YOU

and many more

The Sixteen to One mine was located 120 years ago yet the rarity of this history is that the same Company, incorporated in San Francisco, is still operating. Go get that next 83,000 ounce pocket!! There is another one somewhere nearby. Best wishes for turning 105 years old this week.
 By SCOOP

07/29/2016  7:22PM

SLEEPLESS IN ALLEGHANY. Why are the locals walking around with bloodshot eyes?

Northern California is in a heat spell and even at 4500 feet elevation the nights are unusually hot. One guy told Scoop that he woke up, looked for the temperature and at midnight is was 85 degrees inside. Residents up here rarely have cool air conditioners and hot bedroom aren’t a good place to fall asleep.
 By SCOOP

06/19/2016  5:57PM

If you’re familiar with the Sierra Nevada Mountain Range and listen to northern California weather reports, you have heard countless times, “Scattered thunderstorms and showers in the Sierra.” This can mean anything anywhere but yesterday in Alleghany from midnight to 6am it meant buckets of rain. Talk about throwing a wet blanket onto the shareholder meeting!

The crew adjusted the locations of the gold display and gold sales, the food location and transportation resulting in another delightful shareholder meeting. Traveling through the ZERO LEVEL was taking a walk through history said shareholders. In the back of the shop building two large Ingersoll Rand air compressors are mounting and look ready to run. Their date of installation is believed to be 1917. Let’s get some help and start them up for next year. If you ever have heard the thump, thump, thump of one of these, the sound will continue in your memory forever. Likely you haven’t, SO, Mike get some help, grease all the parts and give them some power. Maybe Ingersoll will send us some help.

The surprise was a visit from an old Cornish miner from the glory days of gold mining in Bodie. His true and factual account captivated the audience. For that moment he was William Hicks. The fundamentals of underground mining haven’t changed much.

Mike Miller and Dan O’Neill were re-elected and a new director Robert Besso, takes the place of the vacancy open with the retirement of Scott Robertson. Scot served as a director for nineteen years. While his presence will be missed, his sage advice remains as it does with all past directors, said Mike.

The mine property never looked better. Congratulations to this small and mighty group.
 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.

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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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