re: application to revoke cease-trade orderThis is really great news to see that Clifton Star appears to be on the threshold of trading again. After complying with everything the BCSC wanted done, the company has applied for cancellation of the cease trade order so it can trade. After the stock starts trading it can begin releasing the backlog of information, news, and data, discuss plans, activate its website, etc. I am sure they are well aware of the importance of getting shareholder morale back up after such a long period of no trading. Communications are very important now, and it looks like there will be plenty of news flow starting with today's press release and continuing onward.
Inexplicably, the company was apparently required to use a 1.5 gram cut-off grade for the Donchester property. This seems harsh as Osisko reportedly uses a grade under 0.3 gram cut-off at their nearby Canadian Malartic mine. If Clifton could use a real-world reasonable cut-off grade at Donchester it could double or triple the reportable ounces there.
According to today's news release, it says: "In October 2011, Clifton Star retained the services of InnovExplo, a geological and mining consulting firm, to prepare a comprehensive NI 43-101 Technical Report on the Beattie, Donchester, Dumico, Central Duparquet, and the Beattie Tailings portions of the Duparquet Project, and expects to receive this report in April of 2012." I can imagine this coming technical report showing an array of cut-off grades at Donchester, and therefore (at the lower cut-offs given) much more gold.
Finally, here is a link to the company's filings on Sedar.com https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00004686
TC