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Found out why this stock is moving.
"The Company has one well that that has recently began to produce. Although the Company has accrued limited production and sales of natural gas during this quarter from this well, as of August 4, 2011 the Company has not yet received the cash proceeds from this sale of natural gas. As the Company completes wells and begins to produce oil and natural gas it will incur production costs. These production costs will be funded from the proceeds of the sale of the oil and natural gas produced from those wells."
This is from one of their recent filings. Looks like they finally got revenue coming in. I found this on the yahoo boards.
Hopefully we will see the revenue reflect on their next filing!
Looks like we may be moving further north soon!!
So far no response from company. We will see what happens here soon. Im really feeling good about this though. I believe this could go very high. We will see what happens, hopefully it isnt just us who is excited about this! lol
looks like this is going to close green again.
I most certianly will. I will check my email a couple of times today and tomorrow.
Ok...please advise when you get something
I also did some reading of their financials. Not a ton of revenue, but they look healthy as far as I could tell. They didnt have a ton of debt, they have cash coming in, if they hit oil they would be in great shape.
It was a much nicer reading their finances than most pinkies that Ive read. They just need some more revenue, and this will move hard.
I think we should wait before informing the world. I tried contacting the company today, they didnt have a telephone number, but I emailed them. We will see what they say, or if I even get a response.
I think we should wait a few days, lets see how high this can go on it own. When it starts to faulter a bit, then we should tell the world. No one has been shorting this as far as I can tell. It seems with less attention it moves easier.
When I get a reply to my message, I will post it here. I basically asked if they are planning on releasing any news. I also asked if they have recently made any progress in thier investments.
Yesterday the bid was at .016 while the ask was at .015...I had never seen that either. Just for fun I bought right now 44,000 shares at the ask of .012...funny thing is there are still 44,000 shares beeing sold at .012
I'm debating on whether to inform the world or just sit and wait and watch and bank?
Another green start over here. That is good. Cant wait until there is some type of news.
I tried to buy more myself while it was at .001. The "Ask" was much higher than bid with low volume, as soon there was a demand for few thousand, price was rising up quickly. No chance to buy reasonable quantity of shares at low price.
If we hit .05 or higher without any news, I bet this thing may absolutely blow sky high. There has to be something going on in the background. I cant wait to see what it is. Also this thing trades so thin, wow. Still have a ways to go to get my money back, but I am pumped!! Ive never seen this before and I am learning.
(If this ever falls hard again, I am loading up!!)
Considering this stock is up over 1000% over this last month, I am starting to think this sucker may even hit .10.
Seriously, normally in penny stocks you need news to move a stock that much. I cant believe this.
If we get news soon about something, we could be making some serious money. Im in shock, I swore this thing was dead years ago....
Looking for a .02 at opening bell...who's with me?
insider buying is near possible, follow the $
Just checked hotstocked.com and they have no promo listed. All of this is organic. No pumping from anywhere that I can see.
Does anyone have any idea what is going no here? There is no news, no promo, nothing.
Is this insider buying? I have no idea how to tell. But something has to be up. Just imagine how far this sucker could fly if they announced a great PR!!
I will be keeping an eye here. This thing moves on air!!
Wow!! What a day here. I have been away from my computer. Cant believe this thing is trading this high!!
I should have invested when it was at .001. Ugh!! Its nice to have this come back. I first invested before the split so I am still pretty far down. But this is very encouraging!!
TOPZ Trades:
1,389,429 BUYS vs 502,087 SELLS
TOPZ Trades:
1,324,429 BUYS vs 439,087 SELLS
I dunno aboujoo but dassnice!!!
Kimber...hope you've been paying attention.
I'm very happy right now.
Could not be more pleased with the signs of life we are showing here...
Thanks, don't hold much here, never really visited this board. But looked at etrade the other day and I noticed this was up so I checked it out. Up 600-700% from a few months ago. Makes me wonder if this thing is coming back to life.
Hopefully there will be some good news on the way so I get can a good chunk of my investment back. Been holding over 2 years now, completely wrote this one off. Maybe there is hope here.
Hey Kimber...welcome (back)?
As of may 2010 they had 57 employees. I wonder how many people work for them now. Also I was pleasantly surprised to see this company has no yield or stop sign. That is good to see as well. Website is also up and running. Haven't looked at this stock in a long time! lol
wow, good day here. I forgot about the shares I owned here. I bought a couple of years ago, this was my first penny play actually! Wow what a lesson I learned. I think I lost over 90% here!! Ouch. Nice to see it moving up. No news or nothing. Hopefully this can continue and I will be able to get at least part of my investment back. Good luck guys!
Obviously not too many people paying attention here.
Why the sudden buying is what I want to know GM every1
Topz is moving to the Topz!!! Go Topz
Me too. Love this bottom feeding I'm doing though to improve my avg.
Didn't give in to there fear never sold 1 share honest truth. Something is going on what it is I'm not sure
I'm with u on that Starbucks , $topz
Well I'm loading here and loaded before here...gonna try to do some DD (IMST) and see if this is TOPZ's year?
Lol this sounds sad but I'm all dried up
Because between the two of us we could gobble up the .0055's Got an extra $27.50?
Lol why do u ask
Are you the one buying these up today?
11:20 (Dow Jones) US oil demand jumped 7.5%, or 1.3M b/d, to 19.241M b/d in
the week ended Jan. 30, EIA data show. The gains came against 2.5-year lows in
recent weeks and put demand above a year-ago for the first time since November.
More than half of the rise, though, was in catch-all other oils, a figure which
is estimated each week, and in propane/propylene. Demand for core
products--gasoline, diesel/heating oil, residual fuel and jet fuel--was up 4.5%
in the week and lagged a year ago by 1.6%. (david.bird@dowjones.com)
Let me see what happens if I slap that ask?
More accumulation
I'm noticing too...
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Topaz Resources, Inc. (OTCBB: TOPZ) is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas.
Our objectives are to increase shareholder value, to enhance cash flows and to grow our proven reserve values by building on our strengths and by pursuing a balanced strategy of:
We believe our experienced management team represents a strength and advantage necessary to execute our strategy. Having successfully done so in the past, our team understands what it takes to build a resource company from the ground up.
Our immediate capital program includes aggressively drilling on our Barnett Shale acreage and the consolidation, acquisition and enhancement of targeted properties.
Topaz Area of Operation
Topaz has access to an extensive portfolio of producing and to-be-developed natural gas properties/projects throughout north-central-west Texas. Primary productive formations include the Strawn Sand at 5,000 ft, the Caddo Limestone at 6,000 ft., the Conglomerate at 6,500 ft ("Conglomerate"). Fractured sections of the Marble Falls at 7,000 ft and the Forestburg Limestone at 7,600 ft. can also be highly productive. For decades until the 1980's, the drilling and production focus had been for these prolific, profitable but shallower reservoirs that occur throughout Topaz's area of interest. Each well has potentially 15 to 20 productive pay zones which can provide significant behind pipe reserves thereby increasing the life span and profitability of each well. In recent years technological advances have shifted the focus to the Barnett Shale at 8,500 ft. ("Barnett").
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