SHSH SEC Suspension for delinquent Financials/Filings:
SHSH well I have been watching Silver lately and with what I see, its time to go ocean hunting. DEEP ocean hunting.... And oh my goodness, charts look great and a personal phone call. What else do I need?? shares maybe?? I'm in...
Quite agree need much higher silver prices for the few remaining Silver Valley stocks to go up in price. Hopefully remaining ones stay trading long enough to benefit from next silver boom.
Nothing much will happen with the dormant Silver Valley stocks until we see much higher silver prices. Yes, the prices seem very good indeed, but they come with wide spreads and no guarantees. It might require holding them for many years and few want to risk having that kind of dead money for long lengths of time.
I think the average cost to produce is around $18....we'll need to see a lot higher than that before these wake up from their deep slumber.
SHSH seems to be slowly disappearing. Amazing trading at these levels even in this market. Agree that ASLM probably the most dormant, but price has been much higher in the past.New NJMC group certainly appears to have staying power. CHMN a real sleeper , Sunshine owners need to buy one of these days.
Shoshone seems so very quiet. Hope Ryan can pull a rabbit out of his hat !
California is indeed a difficult state for any new mining operation which most likely would take years to get into operation. SHSH has reputation as a silver stock and a Silver Valley stock, looking at their properties though seems whatever potential it may have is outside of Silver Valley, and based on gold and copper.
New management though has had some successes in several past ventures, so maybe metals market turns in 2015 and 2016 $.03 could prove a great price to get in at.
It requires much higher prices of silver (and gold) for many of these miners to be profitable. That's why Silver Valley stocks remain low--and quasi-dormant.
Considering the heavy environmental regulations on miners in California, wouldn't SHSH already be operating from a negative-growth basis for the Grey Eagle mine?
Shoshone certainly has along history and one of the survivors from the old Spokane exchange days. CHMN seems to depend on when Sunshine owners decided to go after it. NJMC seems to have insiders putting in money so that should move sometime. ASLM I quite agree takes a silver rush mentality to get it moving.
SHSH would probably run first--before those other three.
"Same would go for a few other Pacific Northwest stocks such as NJMC, CHMN and perhaps ASLM."
ASLM is the most dormant of them all and won't wake up until silver approaches $50. At least, that's what happened the last go 'round.
I agree it will take a lot higher prices before Silver Valley stocks will jump again. In Vancouver there are more and more juniors getting de-listed. There are lot less Silver Valley stocks now compared to 1999 let alone 1968. Looking at charts 2002-2008 was quite a ride for many of the silver valley stocks.Maybe another year or three when metals heat up again.
A lot of the penny miners such as SHSH remain in slumber land. It will take a lot higher silver and gold prices for them to wake up. You'll notice that some of the bigger miners--those actually producing---are moving up now, and that's a good sign....but few will buy the small, speculative Silver Valley miners and others until they start to gain some momentum. Nobody wants to buy them now due to non existent volume and huge spreads. They're easy to get into and look cheap, but they'd be hard to get out of if gold and silver get slammed again.
I agree with Ryan's contacts and experience SHSH should do something as long as he remains involved.
Ryan been around a while with some ventue working some not, but overall he has experience to do something with Shoshone.
Prior management kept company alive but didnt seem to have strategy to finance and market company, but I think deserve credit for keeping company alive.
Just a sleeper right now, but I cant imagine Ryan got involved for no reason !
It's too bad the Crosby nephew can't sing nearly as well as his uncle, but he's a better golfer and knows the mining biz. Ryan was instrumental in getting US Silver going....and that's one of the few penny stocks I've seen really put in a nice rally. Of course, US Silver was legit under Parker and not a scam...too many penny stocks are. SHSH is not a scam, but it did lead people on a bit a few years ago with the mining and milling. Now, like many of its Silver Valley peers, it has gone quasi-dormant.
It will take much higher gold and silver prices to get them going again. US Silver has the highest production costs perhaps in the world and had to shut down some operations and lay off some people when the banksters rigged silver prices down.
Crosby and Ryan have been involved in many companies, some worked, some didnt. But they certainly know how the junior exploration business is run and hopefully when the market turns Shoshone will turn with it. Not many companies left in north Idaho compared to even 10 years ago let alone the old Spokane exchange days.
As far as I can tell, they still own legitimate properties and are run by legitimate people. That said, I've been wrong before with penny miners, but the fact that this has never been hyped or pumped is a good sign.
Why a scam ? the company owns some real assets, a lot of exploration ground. it doesnt pump out constant press releases nor incur lots of convertible debt, disclosure seems in accordance with SEC Guide 7. Management put together some successes before.
BEWARE!!! this is just another sanObumOcrybaby scam.
I just think there are many alternative paths with this one, and people involved certainly have experience as deal makers. I am a bit surprised they dont do 1 for 4 reverse to get price more to area they can do something with it- many brokers wont even take stocks form a private placement under $.05 now.
I wouldnt buy for a very short term speculation, but over a 12 or 24 month period could do quite well.Same would go for a few other Pacific Northwest stocks such as NJMC, CHMN and perhaps ASLM.
With so many mining scams out there, this one still looks interesting to me. The leaders in place aren't scam artists. Their properties are legit. They don't pump to dump...otherwise this wouldn't be dormant like it is...it would be close to no bid instead.
I'm done with penny stocks, but I still follow them and this would be one I'd probably try to buy.
That said, I don't know if this is the bottom or not. Gold could easily go back to just over $1,000. Silver could also go lower before bouncing. Over the short term it depends on where the global elite banks want it to go. Long term...how can PM not go much higher...?
time to buy : appears to have bottomed out. unlike many otehr sthat go sub-penny they dont have convertible debt. many projects that can be sold or joint-ventured in a stronger market.
my opinion is anything under $.10 is a good price to accumulate
so many have gone sub-penny
gotta think SHSH will try sub-penny like the others:
SDRC GBGLF SFMI GPXM TRON IROG GNMT LNXGF GHDC GCMN
looking for lows about aug 3rd for a 2 month run-
I doubt they'll produce anything any time soon--not with how PMs got slammed. US Silver laid people off. Revett, too...costs are too high.
The question I have is how close are they to production. Agree with your points but like many do they have any money at all. I follow Carlisle Gold that actually has found gold all over the place but has not the funds to dig it up. Both these outfits seem to be selling at almost nothing in regard to their potential. Both however seem like takeover/buyout candidates rather then actual producers.
Shoshone Silver/Gold Acquires World Class Exploration Properties In Beaver County, Utah
7:00a ET November 7, 2012 (PR NewsWire)
Shoshone Silver/Gold Mining Company (OTC-SHSH) (OTCQB-SHSH) announced today that it has acquired 100% of the outstanding shares of Bohica Mining Corp. ("Bohica"), a Colorado corporation with assets in the San Francisco Mining District in Beaver County, UT. The properties owned by Bohica consist of a 50% interest in the past producing Imperial Mine (7 patented claims) and a 100% interest in the 55 unpatented mining claims adjacent to the Mine. In the acquisition transaction, Shoshone issued 6.2 million shares of its common stock for 100% of the Bohica shares.
Shoshone's Chairman, Greg Smith, announced, "We believe this acquisition places us squarely in the path of a major discovery at the southern end of one of America's most prolific mineral belts. We believe that this property gives our shareholders real exposure to significant potential mineralization in an historic mining district."
The Imperial Mine is a nearby neighbor to the famous Horn Silver Mine, which produced over 17 million ounces of high grade silver lead ore in the early part of the 20th century (+50 opt silver and over 20% Pb), with large tonnages of high grade oxide zinc (+14% Zn) left behind. Other properties in the District, including the Cactus Mine, had substantial production of high grade copper, lead, zinc, gold, silver and tungsten.
Mr. John Reynolds, a veteran geophysicist and President of Bohica, concluded, "The skarn mineralization in the Imperial Mine along the contact of the underlying intrusive suggests the potential for a very large mineralized body associated within the intrusive similar to other locations within the Utah mineral belt. All of the indicators, geological, geochemical, and geophysical, are in place on this property to warrant an extensive, focused exploration program for a major discovery."
Past production from the old Imperial Mine was developed through a 1,200 foot adit, with several crosscuts, raises and winzes in a replacement or skarn type copper-silver gold ore body hosted in a limestone bed along a quartz monzonite contact. Historically, copper grades reported ranged from 1.4% to 14.0% Cu, with gold values around .05 opt and silver values around 2.8 opt. According to a 1973 report by G. E. McKelvey, "Imperial Mine mineralization is located at the contact of the southern edge of the Cactus Quartz Monzonite stock of the San Francisco Mountains and a structurally complex sequence of Paleozoic sedimentary rocks."
A Shoshone spokesman said that Shoshone is currently evaluating the best approach to proceeding with the exploration of the San Francisco District.
Shoshone Silver/Gold Mining Company is an exploration stage company based in Coeur d'Alene, Idaho. The Company was founded in 1969, and holds mining properties and mineral claims in Idaho, Montana, Arizona, Washington and Utah.
Still looking for a mining company in or close to production and I like the silver asset as I think silver will move up. I am also impressed with the officers and BOD members. Nice to see a CEO with experience in the mining industry.
Will be watching for an entry next week.
Any opinion about a specific stock or it's management or promoters is acceptable and valid on these forums.
Due-Diligence and Opinion are two different things. Due-Diligence claims will be backed up with evidence whereas opinion generally has no valid basis that can be proved one way or the other.
It is more a question of the reputation of the poster at risk here than anything else.
Those who provide solid data that can be researched and validated are the most sought after gurus found on these boards. Those who shoot from the hip never build a following and their opinion is deemed worthless.
Personally and strictly from purely a greedy perspective, I would like to see SHSH fall to .06 or below. I have buy orders in better than that and will keep buying it and buying it. The share structure alone should be enough of a clue about the true value of this company.
I have not found another company with similar potential productive assets selling at these multiples. Just about any productivity is going to send the pps flying. If you look at the properties that are currently supposed to be under production and project the income it isn't difficult to get this thing to $1.00 per share. However, I think these guys want to build a $5.00 company and it looks like they are making all the right moves.
Good luck to all and enjoy your profits.
You can't provide a link to any paid promotion because it doesn't exist.
You are here to make stuff up, apparently. Good luck.
The message is relevant to the stock.
SHSH is a bad company. This recent spike in price will soon drop. In my OPINION I believe some shady promoters are getting behind this. This is all my OPINION and this message complies with all rules of the TOS.
You aren't here to post relevant info on SHSH. There is no paid pump going on. I asked you to prove it. You can't. You are here to harass me because another stock you were stuck in collapsed today--it collapsed just as I predicted it would. If I get removed as moderator, so be it. I hope that brings you some consolation for your loss.
Now...please restrict your commentary to SHSH and not my moderating duties.
Stay tuned for your private message :)
Mod Handbook. Show me which rule I broke and why my post was deleted. I assure you all of this is being streamed and recorded in real time as you erase my post.
I'm deleting your post since you can't back it up with evidence. Also, an argument where it's up to ME to prove your allegations is an argumentative fallacy known as:
Argument from ignorance, also known as argumentum ad ignorantiam or "appeal to ignorance" (where "ignorance" stands for: "lack of evidence to the contrary"), is a fallacy in informal logic. It asserts that a proposition is true because it has not yet been proven false, it is "generally accepted" (or vice versa). This represents a type of false dichotomy in that it excludes a third option, which is that there is insufficient investigation and therefore insufficient information to prove the proposition satisfactorily to be either true or false. Nor does it allow the admission that the choices may in fact not be two (true or false), but may be as many as four, (1) true, (2) false, (3) unknown between true or false, and (4) being unknowable (among the first three). In debates, appeals to ignorance are sometimes used to shift the burden of proof.
Who is promoting it? This has been dormant for months. LOL
I would bail out myself. I heard the people promoting this thing are a bit shady.
Good buying opportunity if it does get to .06.
Nah it's not waking up. I think this stock is falling back to sleep. Maybe even a coma.
They claim to be expanding the exploration and no new news to back it up.. Probably just another PR pump. It will be back to .06 by friday imo
Ryan was one of the big players behind US Silver. Howard Crosby (nephew of Bing Crosby) was another. I think Crosby is also now behind SHSH.
This one can go places...eventually. I think it is off the radars of many, but my guess it will come back on them sooner or later.