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i think we will see a nice run into close
i disagree, glta
no i think it was a few traders who put there money together and cause a manual run because of the low float. i can tell by the hugh fake bid at .0041 for 340k. and the 100k on the ask. sloppy p&d on there part, could've had more gains by selling a little at a time on the ask.
panic sell. the chart is saying "avoid at all cost"
there's .008 on ask why don't you grab them lol
crazy drop, company selling into this?
no one is touching this no matter what the price is. I already grabbed as much as I can on the way down.
i wouldn't get your hopes up. this is pretty much done!
Funny 53,800k took out .007 if we get any volume this will bust thru hod!
Only 200K dropped it 56%. PPS increase to .018 should not be a problem with afternoon volume.
yea those sells @ .008s were definitely panic sells. low float= few shares
always a battle between shorts and longs... shorts and a few panic sellers driving the price down.
always a battle between shorts and longs... shorts and a few panic sellers driving the price down.
someone just got luck on those .008s!!! nice grab!!! .013 on ask
not to many shares dumped will be back up shortly now worries.
I havent did any DD yet I just trade technicals. And this afternoon is scary
so this stock is not a morning pump and dumb? is .25-$1 realistic in the future? my d/d had me leaning that way but this afternoon worries me
Up and still holding strong. Me like but will wait till 4 to buy if I do
Yes, had a quick run up though so people are skeptical about jumping in unless volume starts up again. There is some good DD in the last couple of posts as to why this began running.
why no posting or volume?? what is going on? is this stock for real?
So even (if) O/S tripled market cap still a joke
I can only find up to Jun 2007, Shares Outstanding 55,969,035
Half dozen properties Market cap a joke
Half dozen properties Market cap is a joke
Bid support just picked up
Looks like you found the catalyst for this run. Now that we have something to go on lets see if this thing can move past those .025's
In December 2004, Trend announced that it and Nuinsco Resources Limited (“Nuinsco”) signed a Letter of Intent to form a 50-50 joint venture to own, operate and explore the three Cree Lake/Diabase Peninsula claims. Pursuant to the Letter of Intent Nuinsco conducted, at its expense, an exploration program consisting of geophysical surveys and geochemical sampling followed by drilling. A definitive joint venture agreement was executed on September 29, 2005. Under the terms of the joint venture agreement, Nuinsco must maintain all three claims in good standing, including the performance of the minimum annual filed work required by the Diabase Peninsula Lease, and will earn a 50% interest in the claims upon spending CDN $1 million prior to December of 2007. The spending requirement was satisfied in May of 2006, and accordingly, Trend and Nuinsco became 50-50 owners of the claims at that time. Since then, Trend has declined to fund its 50% share of continuing exploration expenditures and as a result, the Company’s ownership had been diluted to approximately 30% as of September 30, 2006. In the future, if Nuinsco takes the project into the development stage, Trend will have a one time opportunity to regain its 50% interest by repaying the expenditures it otherwise would have made plus paying a 40% penalty.
Additionally, to offset Trend’s payments made to the lessor, and per terms of the agreement with Nuinsco, during the quarter ended June 30, 2006, Nuinsco granted to the Company 212,500 freely trading shares of Nuinsco common stock.
Good fine Homevendor!
http://www.nuinsco.ca/pdf/08042011.pdf
Toronto, August 4, 2011 – Nuinsco Resources Limited (“Nuinsco” or “the Company”) (TSX: NWI, www.nuinsco.ca) today announced the closing of two tranches of a non-brokered private placement financing of 7,391,365 flow-through units at a subscription price of $0.15 per flow-through unit. The Company raised gross proceeds of $1,108,705.00. The two tranches occurred on July 29, 2011 and on August 3, 2011.
Each flow-through unit (each, a “Unit”) consists of one common share of the Company and one-half of one warrant (each whole warrant, a “Warrant”), each issued on a “flow-through” basis pursuant to the Income Tax Act (Canada). Each Warrant entitles the holder thereof to purchase one (non-flow-through) common share at an exercise price of $0.20 per share for a period of 24 months.
Insiders of the Company purchased an aggregate of 419,999 Units representing approximately 5.7% of the private placement.
In connection with the private placement, the Company has paid an aggregate cash finder fee of $43,374.75 and issued an aggregate of 289,165 finder warrants (each, a “Finder Warrant”). Each Finder Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.15 for a period of 24 months.
About Nuinsco Resources Limited
Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada, Turkey, Egypt and Sudan. In addition to its property holdings, Nuinsco owns common shares in Coventry Resources Limited (ASX:CVY) and Victory Nickel Inc. (TSX:NI). Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.
TREND HAS A PARTNER...THAT PARTNER JUST GOT FUNDING TODAY.....THE PROPERTY THAT THEY SHARE....QUOTE..'''' http://www.nuinsco.ca/?page=uranium Diabase Peninsula Property, Saskatchewan
Nuinsco’s Diabase Peninsula uranium project is located 150 kilometres northwest of La Ronge, Saskatchewan on the Athabasca Basin, the region that hosts the world’s largest and richest uranium mines. The 21,900-hectare property is a joint venture with Trend Mining Company of Denver. Nuinsco has completed two drill programs that returned uranium values as well as key indicator minerals associated with uranium deposits in the Basin which, combined with past drilling and other studies, points toward the local presence of unconformity style mineralization. Based on these results, Nuinsco has been named as a leader in the race to find the next uranium “Super Deposit” in the Athabasca Basin at Diabase '''''..... http://www.nuinsco.ca/pdf/08042011.pdf http://www.nuinsco.ca/?page=releases http://investorshub.advfn.com/boards/board.aspx?board_id=5698 .The 21,900-hectare property is a joint venture with Trend Mining Company of Denver. Nuinsco has completed two drill programs that returned uranium values as well as key indicator minerals associated with uranium deposits in the Basin which, combined with past drilling and other studies, points toward the local presence of unconformity style mineralization. Based on these results, Nuinsco has been named as a leader in the race to find the next uranium “Super Deposit” in the Athabasca Basin at Diabase
http://www.nuinsco.ca/ THE ONE TO LOOK AT IS ((( Trend Mining Company )))
TRDM http://www.nuinsco.ca/pdf/Diabase.pdf http://www.nuinsco.ca/?page=uranium Diabase Peninsula Property, Saskatchewan
Nuinsco’s Diabase Peninsula uranium project is located 150 kilometres northwest of La Ronge, Saskatchewan on the Athabasca Basin, the region that hosts the world’s largest and richest uranium mines. The 21,900-hectare property is a joint venture with Trend Mining Company of Denver. Nuinsco has completed two drill programs that returned uranium values as well as key indicator minerals associated with uranium deposits in the Basin which, combined with past drilling and other studies, points toward the local presence of unconformity style mineralization. Based on these results, Nuinsco has been named as a leader in the race to find the next uranium “Super Deposit” in the Athabasca Basin at Diabase
Heading back up, just needs another wave of volume once it breaks .025 should move quick
u are right should see higher highs around 2:00
NITE really wants to keep this under .02
Well we just got the bid support, 100k at .0195, but we also just got some resistance at .02. Once those get taken out the ask should really be thinned out
you're right... give it time!
.023's up now. Would be nice to see a little more bid support
Congrats to those who bought the dip, looks like we're about to hit a new HOD
.019s back up, here we go
.025 out of place l2 trade, something is going on
We still have awhile, I'm gonna say .05 once people buy this dip and volume pours in. This is still relatively under the radar
I PREDICT A .04+ CLOSE!!! CANT WORRY TO MUCH WITH A LOW FLOAT. TRADES EASY LIKE NASDAQ
Yea plus its LUNCH TIME and TRDM is still getting huge buys...DEJA VU
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From the last 10Q 2007
Outstanding as of September 12, 2007: 55,755,477 shares
MINERAL PROPERTIES
At June 30, 2007, the Company has an interest in one production stage mineral property, no development stage properties, and six exploration stage properties. The following describes each of these mineral properties.
Andacollo Mine, Chile
During the fourth quarter of fiscal 2005, Trend entered into negotiations to purchase 100% of the issued shares of capital stock in DMC Cayman, Inc., a Cayman Islands company (“DMC Cayman”). DMC Cayman indirectly owned 100% of the issued shares of capital stock of Compania Minera Dayton S.A., a Chilean corporation (“CMD”), that owns and operates the Andacollo gold mine in Chile. On September 20, 2005, Trend received funding for the acquisition through a separate group of investors, based on a commitment from Trend to transfer to the investor group 70% of the shares of DMC Cayman.
The Company paid an initial $900,000 in cash for the acquisition. The Company also paid out additional related expenses for which it was to be repaid 70% by the other investors. Before the end of the year, the investor group bought Trend’s 30% stake in exchange for cash of $1,122,975, a 1% net smelter returns royalty, and a 30% back-in right exercisable through April 1, 2006. As a result of this transaction, the Company recognized a gain of $69,804 at September 30, 2005, and it retained a 1% net smelter returns royalty. The Company received the cash portion of the purchase price during the quarter ended December 31, 2005. The Company did not exercise the 30% back-in right.
The final operating permits for the mine were obtained on December 27, 2005, and it became fully operational during the third quarter of fiscal 2006. Trend is contractually entitled to receive 1% of gold revenues from the mine in monthly installments, subject to a 35% Chilean withholding tax.
However, the Company was notified by the owners of the Andacollo Gold Mine Project that they challenged the rights of the Company to continue to receive royalties. The owners ceased paying the royalties after December 31, 2006 and informed the Company that they do not intend to pay further royalties. The Company is vigorously contesting the position taken by the owners and is considering all its options in defending its contractual rights to receive royalties. The Company has not received any royalties in 2007, and pending resolution of the dispute, has not accrued a receivable for any such royalties.
Diabase Peninsula, Cree Lake Area, Saskatchewan, Canada
On September 15, 2004, the Company diversified into uranium exploration with the staking of a mining claim comprising approximately 940 hectares (approximately 4 square miles) at Cree Lake in the Athabasca Basin of Saskatchewan.
In October 2004, the Company signed an option to purchase an additional mining claim at Cree Lake which covers 1681 hectares (approximately 6.5 square miles) and is located immediately adjacent to, and southwest of, the first Cree Lake claim. This option agreement is referred to herein as the Diabase Peninsula Lease.
Terms of the Diabase Peninsula Lease require Trend to maintain the claim group in good standing by performing a minimum of approximately CDN $20,172 worth of field work per year. In addition, payments to the lessor of CDN $15,000, $20,000, and $30,000, respectively, were made in each of the first three years. Trend has an option to purchase the claims for CDN $11 million any time through September 2012, at which time the property remains subject to a 3% gross royalty on any and all minerals produced.
Subsequent to the acquisition of the Diabase Peninsula Lease, Trend staked one more claim on the southwestern edge of the lease for an additional 1603 hectares (6.2 square miles), such that the aggregate area of Trend’s uranium claims in the Athabasca Basin totals 4224 hectares (16.7 square miles).
In December 2004, Trend announced that it and Nuinsco Resources Limited (“Nuinsco”) signed a Letter of Intent to form a 50-50 joint venture to own, operate and explore the three Cree Lake/Diabase Peninsula claims. Pursuant to the Letter of Intent Nuinsco conducted, at its expense, an exploration program consisting of geophysical surveys and geochemical sampling followed by drilling. A definitive joint venture agreement was executed on September 29, 2005. Under the terms of the joint venture agreement, Nuinsco must maintain all three claims in good standing, including the performance of the minimum annual filed work required by the Diabase Peninsula Lease, and will earn a 50% interest in the claims upon spending CDN $1 million prior to December of 2007. The spending requirement was satisfied in May of 2006, and accordingly, Trend and Nuinsco became 50-50 owners of the claims at that time. Since then, Trend has declined to fund its 50% share of continuing exploration expenditures and as a result, the Company’s ownership had been diluted to approximately 30% as of September 30, 2006. In the future, if Nuinsco takes the project into the development stage, Trend will have a one time opportunity to regain its 50% interest by repaying the expenditures it otherwise would have made plus paying a 40% penalty.
Additionally, to offset Trend’s payments made to the lessor, and per terms of the agreement with Nuinsco, during the quarter ended June 30, 2006, Nuinsco granted to the Company 212,500 freely trading shares of Nuinsco common stock.
Stillwater Complex, Montana
Effective January 1, 2005, Trend entered into an agreement with Aurora Metals Limited (“Aurora”) that provides that Trend will explore for platinum group and base metals on portions of Aurora claims known as the “Stillwater Intrusive Complex” in Montana. Trend will be the operator during the exploration stage and will earn 50% in the project by fulfilling work commitments to spend $2 million on qualified exploration expenditures over the ensuing 5 years. Additionally, Trend issued 50,000 shares of its common stock to Aurora on commencement of the agreement. Further, Trend issued 20,000 shares and paid $20,000 on the first anniversary of the agreement, issued 142,857 shares on the second anniversary of the agreement, and must pay $20,000 in cash or stock each year thereafter until it has spent the agreed upon sum of $2 million, at which time a 50-50 joint venture will be formed.
The cumulative work commitment required by the agreement is $500,000 during the first two year period ending December 31, 2006. Thereafter, work commitments total $500,000 per year for three additional years. Through December 31, 2006, the Company had spent approximately $400,472 on qualified exploration expenditures. The Company was unable to complete its work commitment for 2006 due to forest fires which closed the National Forest. The Company notified Aurora of a Force Majeure situation and will need to spend, subject to final accounting, approximately $630,000 during 2007 to maintain the agreement in force.
Lake Owen Claims, Wyoming
In September 1999, the Company entered into an agreement with General Minerals Corporation (“GMC”) to acquire a platinum group metals and magnetite property located in Albany County, Wyoming. Pursuant to the agreement, the Company received 104 unpatented mining claims, the Lake Owen claims, in exchange for 715,996 shares of common stock, $40,000 in cash and $750,000 in exploration expenditure commitments to be incurred over a three-year option period. In May 2000, the Company issued an additional 129,938 shares of common stock under this agreement.
In June 2000, the Company and GMC entered into an amendment to the agreement under which (i) the Company issued 416,961 shares of common stock to GMC upon GMC’s exercise of preemptive rights, (ii) the Company performed an additional $15,000 of geophysical work prior to December 31, 2000 (subsequently modified), (iii) the Company issued 200,000 additional shares and warrants exercisable until June 2002 to purchase 200,000 shares at $0.70 per share, and (iv) GMC agreed to terminate its anti-dilution and preemptive rights as provided in the original agreement. The 200,000 warrants expired.
In March 2002, the Company issued 1,100,000 shares, valued at $770,000 in full satisfaction of cash commitments relating to exploration activities. The issuance of these shares resulted in the full ownership of the Lake Owen claims by Trend Mining Company.
In 1999-2000, the Company staked additional claims at Lake Owen and an adjoining area, Albany West, and now holds 601 unpatented mining claims at the Lake Owen area.
In August, 2005, the Company commenced exploration of this property with ground magnetic surveys. Effective June 1, 2006, the Company leased the 601 claims to RMP Resources Corp., a private company. The lease requires RMP to pay Trend advance royalties of $35,000 annually. The lease also requires RMP to incur exploration expenditures of $200,000 through June 1, 2007, $350,000 during the following year, and $500,000 annually thereafter. Upon the cumulative expenditure of $5 million, RMP will acquire the property and will owe a 3% net smelter returns royalty to Trend.
Peter Lake, Saskatchewan, Canada
The Company holds mining claims in the Peter Lake Domain of northern Saskatchewan. The Peter Lake Domain is recognized to host known occurrences of copper-nickel and platinum-palladium mineralization.
In August 2000, the Company staked five claims. In 2002, the Company allowed these claims to lapse and subsequently restaked them plus one additional claim. In October of 2004 the Company expanded the Peter Lake Project by acquiring 3 claims near Ant Lake, Swan Lake, and Seahorse Lake. Five of the six 2002 claims lapsed, but in 2005 the Company staked four new claims. In March of 2006, the Company allowed the remaining 2002 claim to lapse, such that the Company held seven claims for a total of 14,781 hectares (57 square miles).
In August 2004, the Company began exploration of this property. During the summer of 2005, the Company executed a broad reconnaissance program to search for extractable concentrations of minerals.
The Company has allowed four of its seven claims on this project to lapse as of August, 2007. The Company will be required to spend approximately CDN$58,000 prior to January, 2008 to retain the remaining three claims. The Company is seeking a joint venture partner due to the high expense of operating in the high Canadian latitudes. If the Company is unable to find a suitable joint venture partner it will likely allow these remaining claims to lapse.
Pyramid Claims, Nevada
The Company retains a 1.5% net smelter returns royalty interest in the Pyramid project, which consists of five unpatented lode mining claims within the Walker Indian Reservation near Fallon, Nevada. The claims are owned by Consolidated Goldfields Corporation (OTC: CDGF) which has offices in Reno, Nevada and has recently conducted underground and surface sampling at the project. The results of this sampling have been issued as press releases by CDGF and appear favorable. Interested parties are encouraged to review these results as posted on the internet.
Rae-Wallace Claims
The Company retains a 2.5% net smelter returns royalty on four patented mining claims located north of Anchorage, Alaska, that are owned by the Rae-Wallace Company, a former subsidiary. Trend does not anticipate any activity being conducted on these claims in the foreseeable future.
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