August 18, 2022 

How to Approach Thin Veins & Cost


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 By bluejay

04/04/2009  10:06AM


The address for charts is

I erroneously posted
 By bluejay

04/04/2009  10:04AM


The word crook was used is a very appropriate manner.

If you go to and check out the price trading history prior to the mentioned trade at $0.0877 in early November of last year by selecting SIOGF, you'll notice that the previous sale was $1.90. This $0.0877 sale took Sino Gold down by about 95%. The next day the stock opened at $2.05. Friday's last sale is $3.80

Sino Gold is an Australian gold company that has been very successful in establishing their presence in China, the number one gold producer in the world. Currently, Sino has two operating mines producing about 250,000 ounces of gold annually with another development property looking to be their third eventual mine. Their Eastern Dragon project now has about 700,000 ounces of gold in ground at 7 g/t with 70 g/t silver.

I follow Sino Gold because I like their president Jake Klein and the way he thinks:

1- Don't run out of money

2- Meet your forecasts and guidance

3- Make sure you take quality growth opportunities

4- Don't break rule one

The primary market for Sino Gold is in Australia with other secondary markets in Hong Kong and New York. The NY listing is on Grey Market of the Pink Sheets listings.

Can you just imagine what the Australian market guys or Sino's president, Jake Klein, thought when they saw that transaction? They probably thought the same thing that I said, someone's a crook. Not only did the transacted price violate ethics and morals in maintaining a fair and orderly market, it just gave our country another black eye on how we conduct our financial affairs.
 By lj

04/03/2009  2:53PM

Thank you all for your responses. I see the problem with the person who sold for .001. I can understand how it might be possible to execute a trade with a specific buyer in mind, even yourself in another account, since the shares are so thinly traded. The lack of buyers presents a problem. It would be possible to place a GTC order at a low price to make such actions backfire. I think they run for 60 days or so before they must be renewed.

I had hoped to come to last years stockholders meeting, but a scheduling conflict prevented me from attending. I hope to see you there in June.
 By Rae Bell

04/03/2009  11:34AM

The shares are valid. They have our cusip # and are registered to Cede & Co as are all of the "street name shares". OSTO has been on the Pink Sheets for at least 13 years (when I first started working here). We never were able to sort out the origin of the OSTO listing. The ambiguity (to the best of my limited understanding)with the gray market has to do with the fact that there is no "market maker" and brokers (or other buyers and sellers) are not able to see eachothers "bids" and "offers".
Rae Bell Arbogast
Corporate Secretary
 By Michael Miller

04/02/2009  8:28PM

To lj,
Welcome to one of over 1650 individual owners of the Sixteen to One mine and its other precious gold mines in California. The annual shareholders’ meeting is approaching…June 20, a Saturday in Alleghany. Years ago I moved the annual meeting from San Francisco to Sacramento. Then about twenty years ago, thought, “Let’s have the meeting at the mine. That’s what I would want to see as a shareholder instead of a conference room.” Please say hello if you can come. About 200 show up each year.
You asked if the Sixteen to One hope to stay out of regular markets. No. It does not hope, desire or plan to stay out of regular markets. It was a proud member of the Pacific Stock Exchange until its directors shut down the trading machines in San Francisco and closed the doors forever. That was a sad day for many investors and historians as well. In 1995 the company was passing through the American Stock Exchange’s “due diligence” process when a rotten apple snuck in and stopped progress. After the smell cleared much had changes in the gold business, including the beginnings of a lengthy bear market for gold. There is a large recorded history about Original Sixteen to One Mine’s public market on this web site. Its symbol was OAU. Now the symbol is OSTO.
You asked, “Do the shares I purchased exist?” That is a good question for Schwab’s back room department and clearing house. Schwab is a respected brokerage firm. Many shareholders take physical possession of their share certificates for various reasons. There has been speculation as to whether or not the back rooms and clearing houses kept up with the decade of high volume of share transactions.

I’m not sure I understand Bluejay’s reference to crooks but will give it a try to flesh out his thinking. A Pink Sheet company is supposed to have a registered market maker. It’s a rule, unlike the Bulletin Board or the gray market. (I still don’t have an understanding of this gray market business.) A registered market makes must execute what the specialists or market makers call an “orderly market” or if he has a true book on the “market size” (bid and ask prices and volume), he can make a match.. That means that a stock should not trade (fluctuate) from $0.0877 from $2.00 and back to $2.02 in a couple of trades. Bluejay wants to know the buyers and sellers because someone either made an obscene profit or suffered a monumental loss. Either way it is not allowed, therefore it was against the rules or crooked. Maybe someone else can help with this.

I can attest to the honesty of trading when the Sixteen was on the Pacific Stock Exchange until the last weeks before it closed. The specialist made an orderly market. Then trading took a questionable path to my perspective. Now, the very limited market the company offers, as a service on its web site, is an honest market. I may not agree with the values of the trades, but it is a true representation of a limited market place. I cannot comment on your specific trade because last time I checked, the company had no market makers to maintain an orderly market. It’s not something I can hire but I have sought them out in the past.
 By lj

04/02/2009  3:50PM

I don't understand this reference to "pink sheet crooks." I heard about the Sixteen to One. I have a couple of brokerage accounts. Although TDAmeritrade did not list OSTO, Schwab did. I placed an order, and bought shares. Do the shares I purchased exist? I thought that buying stocks on the pink sheets was legitimate. Since I have never bought a stock from an individual, I would have thought that such deals would be called the grey market rather than the practice of buying through a broker. Does the Sixteen to One hope to stay out of the regular market? I really don't understand.
 By bluejay

04/02/2009  12:59PM

Check out the link below for proof that the Pink Sheet crooks do, in fact, have a license to steal.

Check out the chart shown to see what someone did to a poor seller one day on Sino Gold(SIOGF) operating in China. A 22,000 share transaction took place at $0.0877 down from the previous sale at about $2.00 the day before. The next day the stock opened at $2.02 and then was sold down a little. Guess who was selling?

If the second seller received an average of $1.90, that works out to about $40,000 hijacked from the previous day's seller.
 By FranSix

03/14/2009  7:09AM

Whether large gold discoveries destabilized economies with inflation in the past would require a huge effort in determining the relationship of yields vs. inflation and the track of the gold price. Since gold was fixed, the only other example we have is silver, which fell out of use as a standardized form of money.

A really excellent chart on that relationship is available in the 10-year T-bond yield minus inflation(scroll down a bit)
 By Rae Bell

03/12/2009  10:09AM

Rockroby, you can buy stock. Please look under "stock" on this website to see recent bids and offers or you can try making a purchase of OSTO on the pink sheets.
 By Rockroby

03/12/2009  8:39AM

When will we be able to buy stock in this great gold mine?
 By bluejay

03/12/2009  8:10AM


Your previous question needs clarification.

 By Rockroby

03/12/2009  7:39AM

Any idea when we can start buying
stock on the open market again?

02/23/2009  7:26PM

No one will ever corner the gold market. Hunt Brothers tried silver. Almost did it. Lawyers changed the rules by govt. action. Broke Hunts’ play. Gold held by too many ideologically challenged people, banks and countries. Gold mined makes world richer. Don’t agree with comment below that discoveries 100 years ago destabilized gold. World needs capital. Gold is capital. Look what FRD price change in 1934 did for production and stability.
 By FranSix

02/23/2009  9:57AM

I'm glad to see the debate unfold and some historical perspective applied here.

One thing I would like to add is that in the last 40 years, gold has been abolished as money. Many gold mining projects have faced chronic corrections in the gold price as a result.

But prior history shows that gold was chosen as a monetary asset due to its perceived stability. (it only become unstable as large discoveries flooded markets 100 years ago.)

I would presume that this perception of stability is returning to gold as an asset, given the nature of the breakdown of financial assets, especially those associated with sovereign debt. The availability of gold is in decline, since no new discoveries of large gold deposits are know to exist.

A market corner is possible in gold, much as it had occurred in the oil price last year, though its still some time in the future. With a continuous rise in the gold price against all assets a central bank fix in the price of gold is also possible. (I assume it would be around $5k/oz. to eventually see a zero knocked off currencies around the world.)

I suppose the way to advance for this company would be to ensure that its shares are traded both in the pink sheets and the CDN venture exchanges. So far, its impossible to get a quote as the shares are unlisted.

I don't think labour availability is really a problem if you have subcontracted labour as you would in the forestry sector.
 By Rockroby

02/20/2009  2:14PM

Stock goes up to .05 cents and on Friday someone gets 600 shares for .001 ?
Could be the same person or persons who did this a few years ago.
Not sure gold hit a thousand a ounce today,you would think somebody would at least give a dime a share
 By Rick

02/19/2009  6:46PM

I know of a bunch of ways to make $5.03 and none of them involve "off-loading-stock-at-any-cost" interest in one of the greatest high-grade gold mines in the world.
 By Michael Miller

02/16/2009  4:49PM

There is interest in the sale that took place on February 12, 2009 of 50,305 shares at $.0001 a share ($5.03) beyond my expectations. I just sent the following reply to a well wisher who took notice of the sale and wrote me. I answered as follows,

Dear Alex,
Thanks for your comments. I’ll send you (as an insert) hard data about the company and its plans. This information is on the web site. Pay particular notice to the real value estimates. The assessments were completed before the housing collapse. I have no idea its affect on the company’s fee simple ownership for standing timber, water rights, large parcels of desirable recreational land and properties that have produced two billion dollars of gold.
There are no reasons for shareholders and/or their stockbrokers to behave so unfamiliar with the Sixteen to One as you suggest, “someone thought to unload your stock at any price” has any merit. I am experienced adequately in both our company and the machinations of stock markets to say this. Something else is going on.
I truly appreciate your letter and hope the following is received with the positive energy it is sent. You write that you are not a shareholder (as others have who also express your sentiment of interest) but who may become “a possible future stock holder”. I ask you this. Would you be in favor of some individuals or companies conspiring to trash the value of Sixteen to One shares? The current prevailing attitudes about this “trade” last week are: destroy the share price and even the company or tax evasion.
I interrupted a Google search of the United States Treasury division of the Internal Revenue Service to answer your letter. I am planning a letter to the tax criminal department. The tax evasion scenario is simple. Party A sells 50,305 shares for $5.00 to Party B and writes down a loss, which offsets some of the billions gained from short selling the market. The government stopped short selling (odd if it were not a concern). I forgot an important point; Party A and Party B are friends so no real exchange took place. I think it’s called a conspiracy, may even be illegal.
I disagree with some of your other observations but will enjoy a discussion. Write me again because it may be mutually valuable. Michael M Miller
I can tell in the brief time we all have become aware of this public injustice, it has legs and must be pursued from many fronts. This may be only the tip of an iceberg. Use this Forum or write me directly if appropriate.
 By Michael Miller

02/16/2009  8:51AM

The $.0001 a share is the most blatant criminal and unethical transaction yet experienced by this Company. A shareholder and stockbroker with a major brokerage jip-joint immediately notified me of the trade last week. Both of us are trying to get information about the seller/buyer/broker. I AGREE WITH ALL YOUR SENTIMENTS BELOW!

If the selling shareholder held the certificate, the Company could trace ownership and get answers. The shares are likely held in street name with CEDE or some other escrow company. I wrote the broker who keeps me up on pink sheets and suggested it could be a “friendly “ sale between related parties to create a tax loss. If someone wants to defraud the federal government, it could be like this. Tax fraud may be a way to get security investigators attention.

You and I know this is a travesty and so much crap. It makes me pause and wonder about manipulation across the board. The world’s stock markets are no longer carrying out the functions they were built around. They are no more than houses for gamble. Investment is out. Speculation is another topic. I want the ability to speculate. It requires intellect, hard work and commitment. That is how I was raised in California. I chose many years ago to speculate on the gold industry and specifically the Sixteen to One mine. I also chose to commit to the hard work of making it an honest venture. I committed my life.

Over the past thirty years I have witnessed many white-collar chaps abuse the trust they were given by one of the world’s great economic engines, a free, open and legitimate stock market for everyone with the heart and mind for action to join in the fun. You may remember my quote, “In many businesses they are called criminals. It seems in gold mining they are called colorful characters.”

Well, it is not fun anymore. It is not honest and it is not following the established rules of trade. Someone should lose his or her job because of the recent transaction of 50,305 shares at $.00-01 a share. Someone should face a courtroom’s judgment. Let’s work on it together!
 By bluejay

02/16/2009  7:59AM

I have contacted the Pink Sheets market at asking for contact information of their compliance department so I can lodge a formal complaint of my own as a shareholder. When I get the email address I will post it.
 By bluejay

02/16/2009  7:48AM


In your question to me, could you please clarify or be more specific?


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