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.
with respect to SBUM i think the most important thing is not how rich the silver valley is or how high silver will go. but rather, what are the plans of management?
The listed CEO of SBUM on OTCmarkets is Harry James Magnusondied long ago. I assume Dennis Obrien is running the show, but he's another guy getting up there in age. I've been doing this long enuf to be unfortunate enuf to be holding worthless shares of companies, tightly held, that disappeared after the CEO passed away.
hawksfan628@gmail if anyone wants to talk about SBUM offline
or anything about the silver valley of idaho.
I've been there 8 times and toured all of the mines
easy answer to that, Moo
I am 100% unable to buy SBUM with my Schwab account because SBUM is a non reporting company:
ie, they do not report any financials to the SEC.
Schwab is one of the BIG brokerage houses. I Imagine that other large brokerage firms have a similar rule in place.
So, SBUM would attract more interest and buying if they just completed their simple book keeping.
Furthermore, Schwab will only let me SELL SBUM. The screen pops up: "prohibited stock. only sell orders are accepted."
I have personally invested >$8,000 of my own money trying to help SBUM.
All of that time and money is down the drain.
It's shameful, actually.
How would it be $2 if there is nothing going in?
Nevermind I found it.
935,894 in the float, but that is from 5 months ago. Dount it has changed too much, but the PPS was a lot higher earlier in the year then looks like someone sold off or something to drop it.
Anyone know what the float might be? OS is almost maxed out but hardly any in the A/S. Interesting.
Dennis O'Brien was supposed to get current with the financials 2 years ago.
Once they are current, this is a $2 stock.
Hold on to some SBUM and VINS. The story is just beginning. LT hold.
Hawk
little hope at all for current filings. what a huge disappointment here...
dead money until they become caught up on filings
How how can this go if silver goes back to all-time high of 50?
...Pink Limited https://www.otcmarkets.com/stock/SBUM/overview
Trades for U:SBUM on 2021-11-15 - 1 trades displayed
Time ET Ex Price Change Volume Buyer Seller
09:43:27 Q 0.0001 10,500 0
$0.0001.
Excellent SBUM DD
Watching closely
I'm interested in learning this too. I'm ready to grab a bunch right when I'm able to. Mag6 $$$$$$$$
and at what price will I be able to buy.. going to be interesting
Seem to be getting close now....
Hawk
When can they get up to speed with reporting requirements? Anyone talk to investor relations?
Every now and then it pops out of nowhere usually when silver jumps
SBUM is one of the few old Spokane Stock Exchange stocks still traded on the OTC- the rest converted to shells and sold, or didn't comply with the minimum OTC requirements. These stocks typically owned just mining claims, which hopefully they could lease out to larger companies.
The recent SEC rules passed give I think until September 30 to meet basic new disclosure requirements- thus many OTC Pink Sheet stocks not providing will be de-listed. Investors in Pink Sheet stocks in October will get some nasty surprises.
Thus, I assume the recent volume/price either (a) there has been some exploration recently on the property ( unlikely) (b) someone is nibbling at the stock as a potential acquisition/shell candidate, and trying to accumulate a block of free-trading shares, and more voting rights. (c) with silver price up any stock with Silver in its name artifacts buyers, and the float is so small ( and unlikely to increase in the short term based on history of this company) (d) major company in area needs these claims- last time this happened with IDLM stock it shot up form $.50 until Hecla acquired it at $10 a share.
I go with (b)and am a buyer under $1 unless volume goes much higher, with target $1.50 to $5.00. Trick is after acquisition announced, and before authorized shares increase to sell at that time.
Just my 2 cents.
Bought 10K at .50..damn should have waited..
**SBUM 5 PART RESEARCH**
** $SBUM Research Thread **
— ☀️Alex Sunderland☀️ (@SUNNYLAND24) May 5, 2021
The next big #silver #miner Revival to be eyeing on the scanner.
Seeing $VINS yesterday I expect the same Magnuson Family to revive $SBUM any moment. $SBUM should then be followed by $HSCM, $ACNE, $CCMN, $STLM.
First OTCM Activity in 17 Years! https://t.co/mVfEpvODMQ pic.twitter.com/RNCFPAgO2T
me too. this is easily a $3 stock once their filings are current and the stop sign is removed. they've been in business since the 1960's and a multi billionaire is very active in the silver valley of idaho. his name is tom kaplan and he is a well known silver bug.
Good luck getting shares going to have to hit the ask.... been buying everything available sitting on 40k
thank you Lazarus. good intel
agree 100% SBUM is a consistent runner when silver spikes higher.
silver mine supply is likely to see double-digit gains as it rises to 866 million ounces in 2021 after the pandemic-affected 2020 level, the report highlighted. This total would mark the highest level since 2016.
This and L2 super thin looking tempting
Not much on level two wouldn't take much for it to bounce back worth watching
Silver fundamentals are solid. No such things as triple tops silver gets thru 30 next time should be more of a steady rise better than a reddit pump and dump anyhow.
agreed. excellent post.
there are many tweets saying that silver will make a terrific leap higher this week due to Biden being such a solar-bug. solar panels use a lot of silver. :)
Silver Market: A Coiled Spring with Tremendous Energy!
Warning: being Short Silver right now could be extremely hazardous to your portfolio. Not being "on the silver train" could also be something
that you seriously regret!
Best wishes and be prepared...have a plan!
https://drive.google.com/file/d/1304j0AMlv929xPqjxcV_6LuDMK2giTZp/view?usp=sharing
thanks for your post. excellent
T-Minus 48 Hours Until This Move Finally Arrives
Friends, here we go...
https://is-hosted-email-api-prod.appspot.com/api/v2/public/email/6071750535413760/5631389370155008
Followers
|
15
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
124
|
Created
|
10/20/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |