Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Website updated. Nice group of photos have been added.
http://dutchgoldresources.fs5radius3.com/Photo_Album.php
Joe
Another strong trading day. I am amazed at how well this stock is trading while still on the pink sheets. I can only imagine it will get much better once we move to a better exchange.
Joe
I think the days of buying under 1.50 are over. My mistake on the 10 days over 2.
I think we meet Standard 3 except for price and has been noted it is 30 days above $2 for acceptance.
http://www.amex.com/?href=/equities/howToLst/Eq_HTL_ListStandards.html
I just want them to continue to make progress towards getting the filings up to date. Then we can start to worry about getting on the OTCBB and then the AMEX. It is just going to take a little while for it to all come together and that is why I figured I could keep adding around $1.50. Eventually I am sure that time will pass.
Joe
It is actually 30 days of trading above $2 that is required.
Shares trading very well. Matter of when and not if imo...
SM
I believe it has to close above 2 10 ten days in a row for a move to the AMEX, among other things. Please feel free to correct me if I am wrong about this.
I agree 100%. Dutch has huge upside potential.
I have not been so excited about one company since just after 9-11 when a few brokerage stocks were trading for less than cash in the bank. Some of those went on to be 18 and 20 baggers.
About the pink sheets...very few of my friends who are in their 60's and 70's will touch a pink sheet stock. This is a rule that they will not bend on no matter how much I talk up the story....but once we are off the pinks, expect Dutch to make a lot of new friendly shareholders.
I usually do not buy stocks on the pink sheets but in this case I am positive they are going to move to a better exchange once they get the filings up to date. I have heard if the price can get and stay above $2 they plan to try the Amex but I would be happy just to get to the OTCBB and then move upward in a few more months. Once they get some production quarters behind them they will be a lot more attractive to new investors and moving to the Amex at that time could be a large catalysts. Patience will be rewarded over time. With mining stocks these guys are way ahead of the game compared to many of the companies who will never produce an ounce. We did 1000 ounces in 3 weeks.
Joe
Once DGRI moves away from the pinks, I am going to distribute the research works 12 page report to about 95 of my closest friends.
I agree with you stockmann....buy the shares now while Dutch has not yet been discovered....then hold, wait, be patient, and enjoy the 2 to 3 year story as it unfolds.
I wonder if we will ever see it under 1.50? Hope it starts to run up.
Tape action was highly constructive today with the shares gaining nice ground on close to 3X's average volume.
Although pleased with the action, I believe the potential with the company is so compelling that investors would be best served to focus their attention on the longer term where I believe the potential of exponential returns to exist.
I currently maintain a $5-$8 (12-18) month target on the shares. If gold makes a strong move higher, which it could, my price prognostication could prove to be very conservative imo.
SM
very nice volume...
bravo.. not to worry!
Looks like we even traded some shares around $1.70. I can see a number of factors that could drive us up in the short term. Right now I try to add anytime under $1.50. That seems to be a good strategy for now but eventually those shares will be gone.
Joe
I see a big player is bidding up to 1.60.
not to worry...
I bought Desert Sun (DEZ) when nobody knew of it or wanted it. The stock sat at a buck for a long time, yet the company kept their eye on the ball and remained focused on the fundamentals. Then it took off like a rocket. All of my sell orders were taken out...
$5 5.5 6 6.5 7 7.5 8 8.5 and it kept going past 10.
DGRI reminds me of DEZ. They have accomplished so much in so little time.
Merger and commencement of production
will be current on financials soon
new sharp logo
great web page
drilling underway
research report
"buy" rating from well respected newsletter
OTC bb soon
fine tuning of mill circuits
2007 is not even half over and I am thrilled with the progress. T.
I hope so. The lack of volume is unsettling to say the least.
When they get their financials released I would guess we will get some more attention. They should have the new Gemini table installed so maybe we will hear something about the improvement in gold recovery?
Joe
Yawn. Another day of almost no volume. Down to 1.40 When will this thing get noticed?
I'll tell you exactly what it is.
In my opinion, it's yet one more frivolous lawsuit by a woman who must have used to work for them that now see's dollar signs now that they are publicly traded and cash flow positive.
I'll bet she feels she was forced to work in a hostile environment or something of that nature despite the fact her husband was apparently the boss at the time. Poor little baby!
It's really pathetic that all small companies and entreprenuers alike are subject to the greed of individuals feeling they are owed something because they were actually asked to do a job. You can't hardly run a successful business these days without somebody feeling they are owed something for nothing.
Here's a thought lady, if you don't want to run the risk of someone inadvertantly offending you, DON'T go to work in a gold mine or mill! A little common sense could serve you well.
Sorry for the lack of sympathy and direct nature of my post but it upsets me that a person voluntarily puts themselves right in the middle of a situation and then acts surprised when something happens and demands damages in the amount of a multiple of what they ever could have made doing their job.
It's sickening but yet indicative of the current justice (or lack thereof) system.
From the company and shareholder perspective, it's little more than a non-issue and annoyance. For us as Americans, it's indicative of a much bigger problem with society today as far as I'm concerned.
SM
Why the Big Money in Gold Shares Still Lies Ahead
By David Galland
Managing Director, Casey Research, LLC.
Managing Editor, Doug Casey's International Speculator
http://www.investorsinsight.com/
You'd be correct in suspecting that the easy money in gold shares has already been made. It has. But it would be financial folly of the highest order to assume that it's too late to make the big money. The big money is still on the table.
The reason has to do with something that's simple to understand but that not one investor in a thousand has heard about: the exploration cycle.
ABCs of Exploration
In a manufacturing business, an entrepreneur buys raw materials from suppliers and then assembles the materials into cars, shoes, candlesticks or some other final product. But in the extractive industries, such as oil or gold, the first step isn't to buy raw materials but to find them. And it's not easy, because nature has hidden them under the earth's crust, perhaps in a remote or even dangerous corner of the world.
Understanding the timing of the exploration process is critical to understanding why the big gold profits are still ahead, and why it is so important to get positioned in the quality companies today, while there is still time to do so.
The process, greatly abbreviated here, begins when a team of geologists -- perhaps working for a big mining company, but more often than not, for a fleet-footed junior Canadian exploration company -- come up with a geological concept. ("Geological concept," if you're not familiar with the term, is geology talk for "educated guess.")
Gathering up picks and shovels, the team spends days, weeks or even months poking through the brush looking for rocks that would suggest their idea has some merit. If they find anything promising, they'll collect samples and send them to an assay lab for a mineral analysis.
If the assay lab had nothing else to work on, our geologists might get a report back in days. But in fact, assay labs aren't nearly as numerous as, say, donut shops. And due to the surge in exploration in recent years (a topic I'll return to momentarily), there is a large and growing backlog at the world's few assay labs. So explorers must wait 2 to 4 months or even longer to learn whether their rocks carry traces of a valuable deposit or are just... rocks.
Assuming the assay results are encouraging, the explorers move on to the next phase, trying to verify that an ore deposit is waiting beneath the surface. Of course, they can't see under the dirt and rock, so they do the next best thing, which is to drill deep holes and dig out samples.
Before you can drill, however, you must get a permit to disturb the ground, a process that, depending on where your property is located, can take two months to a year - or in some ecologically sensitive areas, forever.
Because our hypothetical exploration team is on the ball, we'll assume they get the permit. Which takes them to the next hurdle: while the shortage of assay labs is acute, the shortage of drills and experienced crews to run them is far, far worse. How much worse? If you want to drill a project in 2007 and don't already have a drill lined up, the odds of finding one this late in the game are somewhere between slim and none.
Okay, but our team is lucky - or well connected - and so is able to lock up a drill. Now begins the long and expensive process of punching enough holes in the ground to find out what's really there and to map out the boundaries and orientation of the deposit. The drilling may proceed just a few holes at a time, so that what's learned from each hole can be used to point where the next ones should be drilled. Of course, at each step, the sample the drill pulls out of the ground must be sent to an assay lab to wait its turn for analysis... and the clock ticks on.
In time, the geologists are able to assemble the assay data into a reliable geological model. Around this time, the focus shifts to verifying that the minerals they've found are present in sufficient quantities to warrant the expense of clawing them out of the ground, that expense being influenced by a multitude of factors, not the least of which is how far below surface the deposit is located and in what kinds of rock.
But let's say it appears to be an economically large deposit - say, a million or more ounces of gold. Now the exploration company has to confirm the metallurgy, a branch of science of great complexity. On ascertaining that you will be able to economically (there's that word again) separate the shiny yellow stuff from the dirt and rock, you move onto the next square.
Oh, No... NGOs!
Throughout this process, the smarter explorers invest considerable time and energy in softening up the local population and politicians. Get it right, and you might only have to wait a year or two for the environmental and construction permits needed to build your mine. Get it wrong, and you could be looking at delays of a decade or more.
Throughout modern times, getting the locals to accept a mine has been a stiff challenge, whether dealing with citizens who hate the idea of a mine in their backyard or politicians who see the project as an opportunity for nationalistic grandstanding or outright extortion. Today, however, there's a new army of nay-sayers: dozens of well-funded Non-Governmental Organizations (NGOs), whose officers earn the entirety of their paychecks by trying to stop all mining in all countries.
Make no mistake, these NGOs, some of which are playpens for committed Luddites, are well financed, well organized and increasingly well acquainted with the many ways a proposed mine can be tied up legally or by stirring up the local or national population.
If by this time a mining entrepreneur hasn't decided to change careers and go into something less challenging, such as trying to build pipelines in Iraq, and he's able to battle through the NGOs, he still needs to build the mine - which means securing a lot of power and water. And because mine output is not light and easy to ship, all manner of additional infrastructure is needed. One intrepid would-be Yukon miner we're acquainted with will first have to spend $2 billion to build, among other things, a road and power line more than 60 miles long. The work, scheduled to begin soon, is expected to take until 2012 to complete.
This sort of build-out is difficult enough in a friendly environment, but most of the world's remaining large mineral deposits are located in places such as the Congo, the high Andes or, literally, Outer Mongolia.
Of course, all of this is voraciously time consuming, and none of it is cheap.
While you may think I'm overtelling the story, I'm actually short-handing the description of the process. The reality is much, much more challenging. It is no wonder, therefore, that only about 1 in 3,000 geological targets ultimately makes it into production. And even for the rare success, years pass between the original geological idea and the first mine shipment.
Okay, Can We Get to the Making-Me-Money Part?
Between the years 1980 and 2000, gold and pretty much all other commodities suffered a grim bear market. Gold dropped from a high of $850 in January 1980 all the way down to $252 in July of 1999, after which it traded pretty much sideways until the current bull market started to emerge in Q102.
At $850 per ounce, crawling over the figurative fields of ground glass to get a gold mine into production was worth the risk and hassle. Decidedly not the case at $252 per ounce.
Not surprisingly, with dark clouds cloaking the mining landscape for 20 years, the mining industry went into hibernation. Drill rigs were left to rust, universities stopped offering programs in economic geology, and former mining promoters reinvented themselves as dot-com impresarios.
Importantly, and understandably, funding for the junior Canadian exploration companies that are now leading the charge into the remote corners of the world to search for new deposits was virtually non-existent.
Exploration's recent dark age is over now, but it had a profound effect that hasn't yet played out. And it's an effect that you can profit from - and profit soon.
In Chart A, Ron Parratt, President of AuEx Ventures and one of the world's most successful exploration geologists, shows worldwide exploration expenditures between 1990 and the present (the only period for which data is readily available).
As you can see, other than the mid-1990s' upswing -- caused by a series of fluke discoveries, one of which turned out to be a massive fraud - the default mode for this period was for exploration expenditures to bump along near the bottom of the possible range. (Even in the worst of times, expenditures don't go to zero, because the major mining companies want to replace what they sell, so that they won't sell themselves out of business.)
It doesn't take going through the whole Aristotelian logic thing to figure out that a drastic reduction in exploration spending, meaning fewer geologists out in the field looking for new deposits, will, in time, result in fewer and fewer new deposits being found.
Now here's where it gets interesting. In Chart B Ron overlays mine production.
Immediately apparent is the long lag between exploration expenditures and new production coming on line. The lag is unsurprising if you recall my explanation of the laborious and slow-moving exploration cycle.
The fact of the matter is that unless you have the luxury of exploring an area contiguous with an existing mine - low-hanging fruit for which the exploration/production cycle could be as quick as 2 to 4 years - the time required to move a good geological idea into production is typically 6 to 10 years.
As you can see in the chart, recent production increases have come from the increased exploration back in the mid-1990s. Importantly, we haven't yet picked the fruit from the soaring exploration expenditures that kicked off in earnest only in 2003.
Today expenditures have reached historic levels. As in "never before" has so much money been spent poking at rocks. It is inevitable, therefore, that as sure as night follows day, so, too, will a series of major discoveries. And most of those discoveries will be made by micro-cap junior Canadian exploration companies - many of which still trade below $1.00 and boast market capitalizations under $50,000,000. By positioning yourself in the higher-quality and better-managed of these stocks today, you put yourself on the path of extreme profits. How extreme? When I tell you, you are going to like the path.
Back to the Mid-1990s' Discovery Market
I mentioned the mid-1990s' discovery market, a raging albeit short-lived bull market in Canadian exploration stocks that literally turned dimes into dollars and even tens of dollars. The table below gives a quick sampling of returns investors actually made in the better companies.
Importantly, these returns were made against a backdrop of generally flat to falling gold prices. The bull market was triggered by a series of mineral discoveries, including those made by Diamet (diamonds), Diamond Fields (nickel) and Arequipa (gold)... with the final "discovery" being that of Bre-X (fools gold), later unmasked as a really big fraud, which deflated investor enthusiasm and killed off the bull market in gold shares almost overnight.
Even so, during this period, in which investor interest rose to the level of a minor mania, companies with little more than drill holes were selling for $20 a share.
Which brings us to the present. Unlike the action in the mid-1990s, the next round of attention-grabbing discoveries will occur in the folds of a secular gold bull market, one that is soundly based on concerns over the impact of a faltering U.S. dollar on the global monetary system. Which is to say, it could have several years left to run (currency trends tend to last a decade or more, once in motion).
When will the first of the inevitable big discoveries be made - the one that makes the market sit up and take notice? It literally could be any day now. In fact, in the pages of our International Speculator, we're already following several companies working deposits with the potential to be giants, including one that just hit into what looks to be a rare gold porphyry (most porphyries are copper dominant). If the next round of drilling confirms this, we could be looking at an elephant deposit of 20 million ounces - or more.
The market cap of that company? Currently around $100 million. By the time this is over, it could be 10 times that amount.
The gold market and, for leverage, the high-quality gold exploration shares, are just getting warmed up for the really big show just ahead.
As my favorite partner and long-term friend Doug Casey is fond of saying, the trick to making the big money from investing is to be timid when everyone is bold... and bold when everyone is timid. With a new round of major discoveries just over the horizon, this is definitely the time to be bold.
--------------------------------------------------------------------------------
David Galland is the managing editor of Doug Casey's International Speculator, now in its 27th year of helping independent-minded investors with unbiased recommendations on investment with the potential to double or better within a 12-month horizon.
An example from the most recent edition, June 1, 2007: within days of being recommended in the International Speculator, a junior gold exploration company announced a spectacular gold intercept, sending the stock from its $2.74 recommended price to $3.78... a 38% gain in just 7 days (and it's just beginning to gain momentum).
Most investors risk 100% of their money in the hope for a 10% return. The International Speculator reverses that formula, helping you reduce overall portfolio risk while boosting performance. To find out how you can give it a try, risk-free, click here.
Dutch Gold Resources to Install Enhanced Recovery Ore Circuit
Monday June 11, 9:28 am ET
Independent Assays Indicate Yield Improvement
ATLANTA, GA--(MARKET WIRE)--Jun 11, 2007 -- Dutch Gold Resources, Inc. (Other OTC:DGRI.PK - News) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that this week, it will complete an additional upgrade of its mill consisting of the installation of a new Gemini Table. The Gemini Table is used to further clean the concentrate from the recently installed Knelson Concentrator. The equipment is being installed to enhance the yield from its ore following the Company's recent discovery of free gold. Following the installation of the Knelson Concentrator, initial assays show that the tail values have decreased, indicating a higher recovery of gold from recently produced ores.
Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We are making great strides to optimize our yield of gold produced per ton. The addition of the Knelson Concentrator has already produced tangible and promising results. We believe the additional installation of the new Gemini table this week should continue to further recent progress. Upon completion of the circuit, we will be able to market not only flotation concentrate, but free gold and gravity concentrate as well. We anticipate this having a positive impact on both our top and bottom line."
The Company regularly sends samples to an independent third party for assay results. Initial reports indicate that the Knelson concentrator, installed in May, has made an impact on recovery rates. Dutch expects that with the introduction of the Gemini Table into mill operations, these recovery rates will continue to improve.
About Dutch Gold Resources, Inc.
In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company's strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Please visit the Company's website for additional information at: www.dutchgoldresources.com.
To learn more about the company, you may also go to: http://researchworksllc.com/Research/DGRI/ to view a recent research report on the Company in addition to pictures of the Company's mill and Benton mine.
I added shares today in the $1.40s and I know several others who did the same. Have no clue who would be selling but sometimes people jump into these stocks and when they don't move up right away they decide to bail. I don't see this as a quick trader but a very solid long term hold.
Joe
They did almost 1000 ounces in March and that was for 3 weeks worth of operation. They then hit the Free Gold area and had to retool a bit to take full advantage of it.
http://biz.yahoo.com/iw/070418/0240424.html
http://biz.yahoo.com/iw/070524/0257374.html
This is just the beginning of the story here so you are in plenty of time. Typically buying under $1.50 has been successful for the last 3 months. There are a lot more people aware of the company than you would think. Here is a recent Research Report that just came out. Let me know if you have any questions.
http://www.researchworksllc.com/Research/DGRI/
Joe
Hey everyone just getting involved in Gold Stocks and wanted to ask if they have produced any number's on any productivity??
Macquarie: Global Gold Outlook - Strong, Strong, Stronger
4/06/2007
Last week, Macquarie Research Equities (MRE) revised their gold price forecasts upwards. MRE’s more bullish gold price outlook, particularly in 2008 and 2009, is based on a number of key drivers including a muted supply response to higher prices, lower than expected central bank sales, speculators’ aversion to aggressively shorting gold in a post 9/11 world, continued producer dehedging, and likely continued pressure on the US dollar. In MRE’s view, the global macroeconomic environment and gold’s supply/demand fundamentals are supportive of sustaining today’s historically high nominal gold prices in the near and medium term. MRE highlight their top picks in the sector to take advantage of this continuing strength in gold.
Revisions MRE have upgraded their gold price forecasts to US$678/oz in 2007, and $720/oz in 2008, peaking in 4Q08 at US$745/oz. In MRE’s view, the global macroeconomic environment and gold’s supply/demand fundamentals are supportive of sustained historically high nominal gold prices into the medium term.
Lower than expected central bank sales While central banks continue to be net sellers, sales over the past year and a quarter have been 20% lower than agreed maximum quotas under the renewed European Central Bank Gold Agreement (CBGA). Under the initial CBGA in 1999, 15 European central banks agreed to sell collectively a maximum of 400t a year for the next five years. They did exactly that, and there was a perceptible clamour among signatories to sell as quickly and as much as possible over that period. Nonetheless, it achieved its purpose, namely to provide certainty to the gold market and remove the substantial overhang of the prospect of a flood of central bank sales.
In addition, unlike base metals and bulk commodities, primary gold supply is not growing, despite the higher gold prices, because of the increasing challenges the industry faces in assembling a project team and the requisite resources. New mines are essentially replacing depleting overall production, rather than growing it. It is also a function of the significant time lag from discovery to production, which can be 10 years, or more. Lower exploration spending during the late 1990s and early 2000s meant the project pipeline had been neglected. In aggregate, the global gold sector has been, and continues to be, on the back foot when it comes to increasing supply in response to higher gold prices. When the CBGA was renewed in 2004, with a 500t ceiling for a further five years, selling continued at the maximum rate in year 1. Since then, however, sales have been unexpectedly lower, with only 400t sold in year 2, and year 3 starting out the same.
Speculators' continued aversion to aggressively short gold In a post 9/11 world, heightened global geopolitical risks, Middle East turmoil, inflationary concerns and oil price shock potential have combined to discourage the level of aggressive short selling of gold that MRE saw in the 1990s. Net non-commercial positions on the COMEX remain long, reflecting positive sentiment, but still well below recent year peaks
Continued producer dehedging The extent of producer dehedging has been greater than we expected. The global gold hedge-book peaked at the end of 1999 at 2,958t (95Moz), according to Gold Fields Mineral Services (GFMS). Since then, producers have been both delivering into their hedge-books and buying them back so that the outstanding global hedge-book is now less than half its peak, at 1,364t (44Moz). This year we have seen Barrick and Lihir continue the trend, buying back a combined 4moz. The market’s appetite for unhedged gold companies suggests that net producer dehedging may continue for some time yet.
Continued pressure on the US dollar There is a well-known inverse correlation between the US dollar and gold prices. The table overleaf looks at this relationship over a decade. MRE’s forecast of US$1.40/Euro by mid-2008 suggests a gold price range between US$715/oz and US$765/oz. US$ depreciation may yet have some room to play out, particularly against Asian currencies, based on relatively slower US economic growth and interest rate differentials.
Dutch Gold Mill
http://researchworksllc.com/Research/DGRI/millPics/Gallery_03_1.html
Dutch Gold Benton Mine
http://researchworksllc.com/Research/DGRI/minePics/Gallery_03_1.html
Gold Rises After European Central Bank Caps Sales: Silver Gains
By Pham-Duy Nguyen and Claudia Carpenter
June 1 (Bloomberg) -- Gold in New York rose the most three months on speculation that central banks will slow metal sales after the European Central Bank said it has no plans to sell more bullion through September. Silver jumped 2 percent.
The ECB is one of 16 signatories of the so-called Central Bank Gold Agreement, which allows members to sell no more than 500 metric tons of gold each year. The ECB said today it sold 60 tons since September. The metal fell 6.6 percent to $651.50 an ounce on May 24 from an 11-month high of $698 on April 20. Some European central banks sold gold worth $912 million last month.
``It's a psychological boost for the market,'' said Dennis Gartman, gold trader, economist, and editor of the Suffolk, Virginia-based Gartman Letter. ``You've removed a seller.''
Gold futures for August delivery rose $10.20, or 1.5 percent, to $676.90 an ounce on the Comex division of the New York Mercantile Exchange, the biggest percentage gain since Feb. 21. The metal has climbed 6.1 percent this year. The price gained 2.3 percent this week, marking the first increase in four weeks.
Signatories of the central-bank accord sold about 290 tons of gold since September, according to George Milling-Stanley, manager of investment and market analysis at the producer-funded World Gold Council.
Under the agreement, which began in September 2004, members are allowed to sell 2,500 metric tons over five years. Signatories include central banks in Spain, France and Portugal.
The ECB's sale of 60 tons doesn't include gold sold by other European central banks, ECB spokesman Raphael Anspach said. GFMS Ltd., a metals-research firm in London, estimates the banks will sell about 400 tons under the accord this year.
`Free to Breathe'
``The banks have been selling aggressively for the past three weeks, and that's kept the market from going anywhere,'' said Carlos Perez-Santalla, gold trader and president of Hudson River Futures in New York. ``Now, the market is free to breathe.''
The ECB sold 47 tons in the first year of the agreement and 57 tons in the second year. CBGA signatories sold about 497 tons from 2004 to 2005, and 396 tons from 2005 to 2006, according to the data from the World Gold Council.
``Heavy central bank sales appear to have peaked for now,'' said William O'Neill, a partner at Logic Advisors in Upper Saddle River, New Jersey. ``We expect $700 to be revisted.''
Silver futures for July delivery rose 27 cents to $13.74 an ounce. The percentage gain was the most since Feb. 23. The price climbed 5.7 percent this week, the most since early December. The metal had slid in the past six weeks.
Historical price charts show silver is a better buy than gold after the price rebounded this week, Gartman said.
``Silver's far more important industrial demand trumps gold's mere investment demand,'' Gartman said. ``Time to own silver.''
Silver has climbed 6.2 percent this year. The metal rose 46 percent last year, while gold climbed 23 percent.
A futures contract is an obligation to buy or sell a commodity at a set price for delivery by a specific date.
I have found that having some lower buys in has worked on getting more shares. Trading on the pink sheets can lead to a lot of wide price swings. I think there are a lot of future catalysts that will help boost the stock price.
Joe
The rest of my trade went thru at 1.45. I see someone got in at 1.40 and 1.42.
Tried to pick up a few shares at 1.40 no dice. Then 1.45 and only filled 500 shares.
Research Works Initiates Coverage on Dutch Gold Resources
http://www.researchworksllc.com/Research/DGRI/
I see them getting all the pieces in place over the next month or two and then we can start worrying about lack of volume. Frankly I have been amazed by some of the volume days we have had over the last month. I thought I would be the only one around here buying under $1.50 but there seems to be others taking my shares. LOL.
Joe
Patience Guys....
Until we move away from the Pinks there will be some very slow days. Besides, the Precious metals markets get very quiet in the summer months each year.
This reminds me a few years back when DEZ was at a buck and nobody wanted it.
(Desert Sun Mining) Then all of a sudden things got rolling and Yamana chased it all the way up to $10 a share. It kept running from there too!
deadeyeon,
That is the understatement of the day my friend! Volume anemic to say the least.
Unfortunately, it's really the nature of many of these early stage companies and opportunities that currently reside on this exchange.
Best to you.
SM
It is not "leaping" today Zero volume as of 12 est
Front page of KITCO all weekend. Can't beat that for some visibility.
http://www.kitco.com/
Latest Press Releases
Kitco Metals Inc. Chooses Hong Kong as a Gateway to Meet Precious Metals Needs in Asia Pacific - Mar 27 2007 11:58AM
Great Panther Adds New CFO To Management Team - May 25 2007 6:50PM
Continuum Resouces Ltd.: Dr. Lawrence Dick resigns as Director and V.P. Exploration - May 25 2007 5:23PM
First Quarter Financial Results-Nevada Transaction With Rubicon Closed - May 25 2007 4:48PM
Dutch Gold Resources Further Enhances Mill to Process Free Gold - May 25 2007 4:15PM
EXMIN Acquires Additional Concessions at the Moris Exploration Project, Chihuahua, Mexico - May 25 2007 1:33PM
General Metals Amends Record Date For 11:10 Forward Split Until July - May 25 2007 1:17PM
Wesdome's Martin Zone Drifting Demonstrates Impressive Continuity - May 25 2007 12:16PM
Commerce Resources Corp. (TSXv: CCE) and Virginia Mines (TSX: VGQ) Sign Deal for Eldor Carbonatite - May 25 2007 12:11PM
Saturn Minerals Inc. Arranges Financing with Mineralfields Group - May 25 2007 11:55AM
Bitterroot Resources C$1,500,000 Flow-Through Financing - May 25 2007 11:31AM
What an interesting trading day. Seemed like we had a seller late in the day and then a strong buyer to finish the day. Who wanted more volume? LOL.
Joe
Does not really surprise me at this point. The company has had some solid press releases but in the investment community it is unknown at this point. That is why that Traders Alert was so unusual. They basically are trying to get their subscribers in on the ground floor. As the story unfolds the volume will come but if you are looking for a quick trade I would move on. I am actually counting on this type of trading to get people frustrated and sell out so I can grab some more shares.
Joe
Lack of volume.
Am I the only concerned here? Holybatcrap Robin! Only 2k shares traded by 11?
It is also great to see they have started up a drilling program to increase reserves.
Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production.
Dutch Gold Resources Further Enhances Mill to Process Free Gold
Thursday May 24, 10:00 am ET
Company Nears Completion of Audit to Become Fully Reporting
ATLANTA, GA--(MARKET WIRE)--May 24, 2007 -- Dutch Gold Resources, Inc. (Other OTC:DGRI.PK - News) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has installed a Knelson Concentrator at its Merlin Mill near Grant's Pass, Oregon, following the recent discovery of unusually high amounts of free gold, not commonly seen in structures such as the zones being developed. The Knelson Concentrator is said to offer the most efficient and highest precious metal recovery performance in the industry. Installation of the Knelson concentrator follows the company's recent announcement it has increased capacity at the mill from 120 tons of ore per day (TPD) to 330 TPD.
Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "Our mill team responded quickly to the discovery of free gold and installed the Knelson Concentrator to capitalize on these favorable findings within a matter of weeks. We expect to immediately benefit from our expanded capacity to capture gold from our ore and the initial assays indicate higher recovery rates in our first production runs since installation of the new equipment. Our operating team intends to make additional enhancements to the mill, which we believe will further optimize our recovery rates."
Separately, Mr. Hollis reported, "Our efforts to bring the Company into full reporting status are progressing, and we anticipate completion of our audit during the second quarter."
About Dutch Gold Resources, Inc.
In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company's strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Additional information about the company is available at: www.dutchgoldresources.com.
Certain statements in this release, and other written or oral statements made by the company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.
Montana Acquisition
Timberline (TBLC) just announced that they bought a SouthWest Montana Gold Claim... what's interesting is that Dutch's current and historical ore grades are much much higher. This is very encouraging news.
Another great volume day. The majority of the volume was over $1.80. We need the financials out there so we can get on the OTCBB. I then see us moving to the AMEX once we get above $2. Way too many good things going on here to hold us back for long.
Joe
well said. great risk/reward profile here.
This little hotty is getting noticed!
Sure would be nice to have a press release from the co. soon.
I sleep very well at night knowing that this mine has a proven (profitable) track record, and that nearly all of their land holdings HAVE NOT BEEN DRILLED OR EXPLORED at all!
The article from the history books that was posted here awhile back says it all...We are dealing with facts at Benton and Gold Bug...not fluff.
I have been buying it whenever it dipped to around $1.50 for months. Never sits there for long. The downside at this current price is minimal and the upside over the next year could be substantial.
Joe
This stock is difficult to buy. I finally got in at $1.58 yesterday took forever to get in at that price. Glad I was patient. Wish I had bought more.
great day indeed !
Mr. Wiegand works with Jay Taylor who runs Taylor Hard Money Advisors. These two guys are very well respected plus they attend nearly all the major gold shows.
This is very encouraging.
As Dutch gets more exposure I sure wish the web page had more goodies on it....
Prospective shareholders will be checking Dutch out online.
Followers
|
611
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
102667
|
Created
|
03/13/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |