Investor needed to back a dredging operation in Nome area.

[KAFEMAN]

I am ex US Coast Guard and I have the expertise, the crew, and the drive to set up a offshore dredging operation. We are looking for someone with deep pockets who wants to be involved in something like this. I know people will say how hard this is but really it is not. It is a matter of going through all the steps required to make it happen and it will happen. What are we really doing? Dragging dirt off the bottom and sifting out the gold. The difficulty comes when morons and drunks try to do this. We won't have any of those. I will only have deadly serious people working with me.

If you are interested please PM me.

Thanks,
Mike Harvey "Kafeman"
US Coast Guard 1964 to 1972
Viet Nam Veteran

 

[KAFEMAN]

To get an investor first I'd think you have to have a solid plan, which would include a LOT of research, geological survey reports, knowledge of claims available. Test results from those claims. Contacts re acquiring a claim, the mining history of that claim and adjacent claims and after the claim is tested and acquired, then it's time for the investors. When I want gold I go to the creek outside.....and I guarantee I'll never get rich from it.

You are I think a little right and a little wrong. The big operators run all kinds of tests because they are going to invest millions and go in a big way. On the other hand, I will be working not on a micro scale as with a pontoon boat and a couple.of divers, but on a larger yet reasonable scale and in areas that are proven. Lets face it, Alaska has thousands if miles.of coast line that would probably be profitable for this size operation. I don't think I have to prove to an investor the gold is there, I just have to show that I can get it
Any other thoughts are welcome.

 

[0121stockpicker]

I would have to definitely agree with smokey. You can have that type of thought process if you are using your own money. But you are asking for investor capital to bankroll your operation. You could spend a whole season burning cash just getting things off the ground and finding a paying spot. No real investor would ever let someone do that. If you are not going to use your own capital, you definitely have to do the upfront leg work and be able to present a fact based definitive business plan so and then any serious investor would spend months doing due dilligence on your plan before even considering giving you a penny. No one is handing out that kind money for an "adventure" or at least no one I have ever run in to (and I've worked over 20 years in the investment banking industry so I know a little something about raising money for interesting ventures).

Best of luck to all

 

[KAFEMAN]

I would have to definitely agree with smokey. You can have that type of thought process if you are using your own money. But you are asking for investor capital to bankroll your operation. You could spend a whole season burning cash just getting things off the ground and finding a paying spot. No real investor would ever let someone do that. If you are not going to use your own capital, you definitely have to do the upfront leg work and be able to present a fact based definitive business plan so and then any serious investor would spend months doing due dilligence on your plan before even considering giving you a penny. No one is handing out that kind money for an "adventure" or at least no one I have ever run in to (and I've worked over 20 years in the investment banking industry so I know a little something about raising money for interesting ventures).

Best of luck to all

I guess I forgot.tomention I also sold commodities back when gold hit $800 the first time and I know what you are saying but this is not that kind of deal. Business plan? Yeah right. This ain't no restaurant we are building. This is a risky business that nine times out of ten go bust trying
The only thing an investor can hang his hat on is the ability of the man running the show on the ground, or in this case on the water. This is not rocket science. What it is, is a potentially dangerous or profitable ADventure and since it is on the water it helps to have a man who has worked in thirty foot seas. I have been there and done that
In the Coast Guard our unofficial motto was "you have to go out, you don't have to come back". More than you can imagine can go wrong when you are offshore and only years of.experience can prepare you for it. I had seven years of.sea time out.of eight years in the Guard and those were intense search and rescue years with a little."police action" in the South China Sea thrown in for.good measure.
Bottom.line, this is not a "normal" investment and I.am.not looking for.a."normal, accredited investor". I am looking for.someone who.made a ton of money and now.is bored to death and is.looking for some.action. Okay, a degenerate gambler would.fit.the bill.

Sorry about the typing. I.hate these tiny keyboards on phones.

Best to.you and thanks for.the.input

 

[0121stockpicker]

Hey, if you can find someone like that just ask them to give you the money as a gift and walk away. I think we are just trying to give you advice on how to greatly increase your chances of raising the money you are looking for. Not a lot of rich people giving away their money out there. They are generally rich because they don't throw their money away. Much better chance finding someone willing to risk speculative capital for the chance at an excellent return. Only opinions, we all walk our own path. Best of luck.

 

[NeoTokyo]

The reason why I say to do it on a small scale if you can not do it this year is to get a feel for it and to be able to tell investors next year that you have done it before.

Plus, its fun!

 

[KAFEMAN]

Hey, if you can find someone like that just ask them to give you the money as a gift and walk away. I think we are just trying to give you advice on how to greatly increase your chances of raising the money you are looking for. Not a lot of rich people giving away their money out there. They are generally rich because they don't throw their money away. Much better chance finding someone willing to risk speculative capital for the chance at an excellent return. Only opinions, we all walk our own path. Best of luck.

yes, I guess a lot of folks did just that in 2008. How many of your clients lost everything in the markets. At least I have a shot at showing a return and if I don't hit big I won't be paying myself big money out of my client's pocket.

I can see this turning into a flamer so b4 that happens maybe you should find another thread to hijack.

 

[KAFEMAN]

The reason why I say to do it on a small scale if you can not do it this year is to get a feel for it and to be able to tell investors next year that you have done it before.

Plus, its fun!

When I said I don't have to do this, I meant I am doing fine and earning a living. But, if I stop doing what I am doing, I need to earn a living so I can't small scale.this.

Thanks.for the thought though.

 

[dougofpa]

Sounds like fun...If I was unemployed and not married...I would PM you and join the crew

 

[Doug Watson]

WOW! Good luck!

 

[KAFEMAN]

Sounds like fun...If I was unemployed and not married...I would PM you and join the crew

I hear ya. Thanks.

 

[KAFEMAN]

WOW! Good luck!

Thanks, we can always use that.

 

[smokeythecat]

I look for gold for fun, I invest in cat fur..... Just make sure you don't wind up in a trespass situation. From what I've ready, even the sea is under claim up there. I go looking for gold in the creek that runs through my property, and if you've seen that gold show set in Ghana, I do better than they do using my $85 sluice!

 

[Critical Recovery]

I invest in cat fur..

wait......what?

 

[postcode]

Hi kafeman. I also think its possible to mine profit from the sea bed but its the logistics behind getting a excavator badge and trammel made and delivered that stops people doing the deal. The suction dredge has a small investment risk. Have you thought of going to nome for a recce?

 

[KAFEMAN]

Yes, I will be in Nome this year for a look. I have found the capital I need to get the barge together. Might even find something to buy and a claim to rent so I can get some of the fever out of my system. Thanks for your reply. Maybe see ya up there.
Mike

Hi kafeman. I also think its possible to mine profit from the sea bed but its the logistics behind getting a excavator badge and trammel made and delivered that stops people doing the deal. The suction dredge has a small investment risk. Have you thought of going to nome for a recce?

 

[cazisme]

You dont need any investors. You just need to contact the EPA and the Alaska State represenative equivalent to Diane Fienstien and get a grant to remove the evil mercury deposited by years and years of mining in the streams and rivers of Alaska that washed out into the ocean obviously it is poisioning the Salmon and other seafood in the ocean and should be removed! I think you should expect to be granted about 70,000 per pound of mercury you remove. Of course you may keep the gold as a byproduct of your dredging. Additionally you should not be expected to have any down time for fish migrations as you are saving the fish from mercury poisoining and time is of the essence! Also green friendly scientist and Al Gore will sing praises to you for saving the planet and mold any scientific data to make sure it looks like y