Sharpe Resource Corp. (SHGP)

[eatlikeahippie]

I talked to the investors relations guy at YES today.
He says they are making 45000 tons a month at a profit of $150 per ton.
That would make this about a $10 stock.
He also claims that JV partner RYSMF is geting 75 oumces of gold a day at a profit of $600+ per ounce.
That makes them a $6 stock.
He says that Roland Larson is just a hard nosed SOB who doesn't care what anybody thinks and is holding back gold bars in Nevada waiting for the price to get back above $1000/oz.
Says RYSMF is sitting on $7 million in cash and waiting to spend $2mmm developing new mines at Sharpe.
Why they have to do this with $6700000 per month in profit makes me wonder????
Maybe you can ask.

[AAsuited]

Look at JRCC. An example of what a coal stock can do.

The only bad news is ARCA---think he must be done soon. Sometimes goes away for a few days and comes back.

.15 X .51------that should be illegal.

Must be a reason for it to discourage buying.

[AAsuited]

Coal making headline news

Huge gap in the bid and ask .15 bid X .43 ask. MM's really discouraging buys. Think our little coal mining company is onto something big.

[AAsuited]

Options priced at 10 cents. Encouraging move by managment. Still think this will pop huge. JMHO

[AAsuited]

Arca must be shorting big. According to Yahoo, Sharp Resource has been trading since 1980. Thats a lot of shorting based on the .071 a .199 B&A.

The B&A does not fit a dilutive or toxic financing pattern

JMHO

[Ron3955]

NEWS!

Sharpe is Negotiating to Complete Development Agreements to Acquire Interests in Two Permitted Coal Mine Properties in Eastern Kentucky...

[AAsuited]

No more ARCA on the Bid past couple days. ARCA to be on the outs soon?

[Ron3955]

Level II: .10 - .185... is something up?

[I- B- N]

Yes seen that where it was up at that level back in 2000. I only gave you two of the three I looked at, my mistake ,the third one was RGBI .. It has started to turn some heads on IHUB also .

[AAsuited]

A bit off topic

Believe it or not, EDIG ran from .05 to over $20 during the dot.com boom/bust time in 2000. Was not in that stock, but watched periodically.

SHGPF and other energy or commodity stocks are gaining attention in OTCBB or pinkie land. I am focusing mostly on commodity OTCBB/pink stocks. In this economic climate, it is better to place $$$ in pink/OTCBB stocks IMHO. But choose carefully and do your DD. GLTY

[I- B- N]

Looks good to go as soon as it gets more attention .. It was one of three that stood out to me yesterday.. Adding your SHGPF to make it four on watch.. Other two are AGAC and EDIG but have to look a lot closer at them..

[AAsuited]

Thanks. And after 1 year of managing this board. There are 2 board marks in one day!

Craziest stock I've been involved with such a huge B and A.

Patience the key to this one IMHO

Finally getting the interest from other players

[I- B- N]

Noticed your little Gem in the making. Watching close and wanted to say Hi.....

[AAsuited]

13 posts for top 20 active message boards on Ihub. Yes

[Ron3955]

AA; yes agreed. We need to take out ARCA in order for this to move significantly higher.

[AAsuited]

Like the STBP suggestion. Thanks.

Bought FRGY when no one wanted it December. It is an oil stock. Has had a bit of a run up to .05. Think this will go to at least 20 cents JMHO. Big following on the stock now

Until ARCA is gone, I don't think we get a good shake on the B and A.

GLTY

[AAsuited]

You could be right about the 3$ range in 1998, but the charts I use only go 10 years back and only see about 90 cents as the high.

Very likely traded higher than $3 in the beginning. OTCBB.com shows this started trading in 1995 or earlier

[Ron3955]

.185 printed on a 20k purchase... starting to get a little exciting.

One of my favorite things to do is to look at pennies making their 52 week highs. I love purchasing the low volume stocks that have not found a following yet, much like SHGPF. And I agree with you, I stay away from sub-penny stocks, especially those that are high volume momentum trades. Have gotten burned too many times in the past on those. I now tend to be a lot more patient these days, and overall, has rewarded me handsomely.

Since we seem to play the pennies similarly, here are a couple of interesting plays you might want to look at: STBP and RPSDW. Good trading!

[AAsuited]

My biggest bagger was PRVB which was 14 bagger in '05 for a 40k gain.

I am still riding IRCE for a 66 bagger for 197k if I were to cash out now. Refinery being built. No dilution. Lots of great stuff in the works. Looking for the ultimate bagger in that one, plus have long term again there.

I stay away from sub penny unless the OS under 100M. Also only play energy or alternative energy OTCBB sector only. If OS greater than 100M, I steer clear. Hard to make big or even little coin on those. JMHO

Course I played poker otcbb stocks while that was hot. Always exceptions to my rules.

Been more picky in my stock selections due to market conditions. You play pennies much like I do. And I've experience similar results.

I want a long ride too

[Ron3955]

Kind of weird. 133k traded within the first 1 ½ hours of market opening, and now nada. This indeed is a crazy stock!

AA, I looked back to 1998 on this one and saw that the highest it ever traded was about 3 dollars and change. Im I right, or did this trade higher at some point in time?

[Ron3955]

AA,

I'm in at .085, so hopefully will ride this for a long time! Just for fun, what is the biggest "bagger" that you have made on a penny stock? I've played pennies for quite some time as well and the best one I've had was a 20 bagger which earned me a 183k gain!

Seems that for every 30 pennies I play, one hits it big, which makes it well worth my while losing on half of the others.

[AAsuited]

I watched this for a number of years until finally buying in 2007. The company does a good of PR-ing developments. No pumping, just facts.

Would be one heck of a dream stock if the PPS rises sufficiently and we go back to big board again. Think this was once listed on the AMEX under symbol SHG.

Indeed, volume usually preceeds price movement-------meaning PR.

I am well into the "green" with this .09 x .19 spread, but I'm always looking for the home run! That's how I play pennies.

Fine by me if there just us 2 posters. No basher(s) to worry about so far.

[Ron3955]

I agree! With supposedly 55+ million shares outstanding, I just don’t get the bid and ask spread on this one! The only thing I can think of is that maybe a vast majority of the shares are in private hands and restricted. So maybe the float is very low and hence the reason for the weird spread.

[Ron3955]

Hey AA,

Looks like only you and me hanging around here. Upward movement has been steady for quite some time. Now it appears that we are starting to get record volume as well along with PPS appreciation. It has the look of a major push in the PPS. I hope a PR is forthcoming soon. As you say, with the right PR, say the acquisition of a coal mine, this thing could push well over a dollar in short order. JMHO

[AAsuited]

Rediculous .085 X .185 B and A.

Come on MM's.

[AAsuited]

Volume. Appears ARCA is holding this down

This was once a big board stock. ARCA is off the bid. It is very possible for a huge short to exist in this stock.

When this Stock became delisted from the big board, the MM's likely mercilessly shorted this. I think we are seeing short covering mostly by the goofy price buys. Most traders tend to buy stocks in even amounts like .13 or .135 for example.

The above is JMHO. GLTA

[AAsuited]

Getting some interest here. Pr Soon? The spread between bid and ask is 10 Cents!!!

It appears orders can get filled around 2 to 2.5 cents above the bid.

This stock has one of the wackiest I've seen in a gap between bid and ask. Yet, in my trading experience, these types of foreign OTCBB stocks can have huge gains with the right news.

Been in this for almost one year. For a penny, this stock is "relatively" safe GLTA

[Ron3955]

Thanks for your insight... much appreciated! I bought 28k on Friday. I will stick around to wait and see what unfolds. May buy some more. I tend to stay in these kinds of stock until they either play out regardless of time, or sell when I see any red flags. Hope I don't see any in the near term. Looks like the company wants to become a bigger player in the coal market. Hope your PPS thoughts come true!!! Good Luck!

[AAsuited]

Been in this stock for almost 1 year. Took from April to August 2007 for my order to be filled. The company is slow in closing deals and hope to get long term gains. Based my past experience, I think the price could hit in the range of $1.50 to $2.50 JMHO.

Still hard to fill and believe this is a great long term hold. This was once a big board stock and think this stock will make a great comeback.

No guarantees in penny land, and it's hard to get long term gains since mostly these pennies are short term trades. I never put more than 3k into any penny in case the stock goes bust. Always have an exit strategy whether the stock goes North or South.

The CEO does not dilute or Reverse like so many other penny stock CEO's. Think we have a great long term winner.

The key to winning pennies is finding them before the crowd and getting out before the crowd JMHO. No one is following this. Hope the MM ARCA goes away soon

Good luck Ron. Great see another post

[Ron3955]

Just picked up a few shares today. Think the company will be able to close a deal? And if so, where do you see the PPS?

Ron

[AAsuited]

News again. This company does not PR very often unless the news is noteworthy. Appears some coal land in Kentucky will be acquired soon. Company is slow with deals, but do accomplish them.

Worth some speculative buying IMHO. The 4 cent plus spread means MM's don't want you buying.

Glad there are no bashers or pumpers here (yet) Check out NWOG, EAGM, FXPN, XNGY for pumping, bashing, questionable scam activity, or just pain reading entertainment

[AAsuited]

News after all this time.

Shares issued at .25 cents per share and only 2 Million.

Float must be very tight based on the spread. Think we move north significantly in the coming couple months IMHO

[AAsuited]

Need 3700 shares to complete my GTC at .05. These guys have not filled me since April 3. No hurry though. Usually if one puts a GTC in the middle between Bid and ask, you get filled.

only 3700 shares MM's

[AAsuited]

Gold and Coal. Could have a nice winner if both projects get positive results at the same time. Company does not issue pump PR's to inflate the stock price. Patience required on this. Hold and wait.

I need 3500 shares to complete my GTC and the MM's have not given me shares since April 3, 2007. MM's don't want me to buy, JMHO.

[AAsuited]

91,000 traded on the Candian symbol SHO-H.V and zero for the otcbb SHGPF.

[AAsuited]

Low down side with great upside IMHO!