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We found a nice one. Glad I loaded in the 2s.
That's what I get haha, nice pickup
Thanks to you and your crew we are all learning a lesson in both the mining stocks but also in patience and that stocks are meant to be investments.
It is good to see some of the OLD SCHOOL IHUB posters that know the potential of real investments and not the latest koolaide pop n drop crowd here.
We will see them come at some point but by then all of us here will be the founding shares of this stock.
As You said this is a once in a great time oppurtunity to be in a new stock to the OTCBB with no previous bagholders to wait and dump on the run.
Dave
As much as I like seeing the .04s again, I was hoping to buy more today in the low .03s. That's what I get for oversleeping.
Copper 3.37 up .02 - Right Doubloon, Copper LME Copper Warehouse inventories have been high for over two months now and copper prices just keep on choogling!
http://www.magyver.com/metals.htm
I keep waiting to see a pull back but it ain't happening!
At least not yet.
At this point I think there are too many sectors teetering on the brink of turn around to bet against copper.
That and a weakening dollar suggests copper is gonna be a safe play going forward. GL D.
GLTA !!
yes just in time, ask is .045, .060, 1.01
grabbed 10k more @039, just in time :)
If I was to guess at a timeline, I would say within 3 weeks - however it is just a guess could be sooner could be later.
Just glad I am fully loaded, the only sell today was 10,000 shares, the rest is all buying but still unknown
the M/M's are scared, with 38 million float and hardly any selling going on (it has only been trading for a month now).
One good press release and a little advertising and we could see some major paribolic chart moves.
It is almost a guarentee with this type of setup, never have I seen such a tight bid/ask with no overhang of old stock.
Very soon IMO.
Very much agree...just LAFC at .039, NITE now at .06. I might have to clean up those .039s...
with any kind of volume at all this one screams, and it is coming, soon.
NITE & LAFC are only MMs...then DOMS over a buck. Looking forward to this baby flying high as this is a hidden gem :)
Copper should climb steadily over the next year, although I heard one reprot that inventories were high it seems that the supply chain is not what production demands, enter the Wolverine..
Looks like copper making another move>>>>Copper January 13,09:05
Bid/Ask 3.3498 - 3.3543
Change +0.0378 +1.14%
Low/High 3.2961 - 3.3573
Think copper see's $4.+ by EOY?
Volume has picked up a bit over the last few days, if the old saying volume precedes price movement we should see some good increases going forward. This is still way undiscovered and soon the traders will pick up on the potential value here.
2010/01/12 0.039 0.039 0.035 0.038 160,000 0.038
2010/01/11 0.045 0.045 0.035 0.040 276,800 0.040
2010/01/08 0.045 0.045 0.035 0.045 145,500 0.045
2010/01/07 0.050 0.050 0.040 0.045 193,000 0.045
2010/01/06 0.060 0.060 0.040 0.050 239,969 0.050
2010/01/05 0.070 0.080 0.057 0.060 370,218 0.060
2010/01/04 0.055 0.075 0.050 0.070 730,400 0.070
2010/01/01 0.090 0.090 0.040 0.040 52,300 0.040
2009/12/31 0.090 0.090 0.040 0.040 52,300 0.040
2009/12/30 0.050 0.050 0.040 0.040 14,825 0.040
2009/12/29 0.030 0.050 0.030 0.050 5,100 0.050
2009/12/28 0.050 0.050 0.020 0.040 327,500 0.040
2009/12/25 0.026 0.040 0.026 0.040 257,000 0.040
2009/12/24 0.026 0.040 0.026 0.040 257,000 0.040
2009/12/23 0.024 0.030 0.024 0.030 30,800 0.030
2009/12/22 0.024 0.024 0.024 0.024 26,000 0.024
This IS a hot NEW miner...PPS is a gift right now...
Pennyexpert, Folks will chase this soon once news starts to come. No news tomorrow pls, we hvnt had our fill yet!!
I'm averaged today to .043...looking to add more if we stay in the 3s
Heck I can read that now while i am driving my truck next week. LOL
I-box is cleaned up a little, increased the font for those of us with computer fried retinas
jayree: I really think you will do ok here providing you have the patience for a mineral exploration play. The targets have been set and once we get drill results back we will have a better idea of the future. A lot of very experianced people are excited about this company and are willing to back it, the areo-magnetic survey was the first page of a chapter in this properties history.
Doubloon, i'm averaged at .0409. Looking to add more soon.
I didn't get much, but I have been slowly accumulating a decent position. I'm not betting the farm or anything, but it's reassuring to hear you have a lot of shares here.
GL!
--M
well isn't that just ducky!
I spend a week in stealth mode buying half the daily volume every day and end up with an average of .0401.
Now you come along and get it even cheaper, life is just not fair.
Oh well at least we are in this together, needless to say I got myself a wad of shares here. And I am hearing some major players took up positions in the restricted founders shares, those guys never sell till it becomes a producer.
Much on the horizon...buy and hold here
Got some .035 too.
those are the only ones i'm green on .... so far ... :)
Picked up some more today at .035. I'd be surprised if it gets lower than .03.
GLTA
Nice...accumulation continues. Going to run very hard :)
i just cleared out the 35's.
Nice buy! Scale in..This little downturn is a bit overdone IMO..Boardmarks up to 60..This one ready to turn around..Canadian PM's are the place to be..
Slapped the ask this morning to average down...let's knock this one out here at .035 and we move up!
Mining bidding wars hint at M&A spree to come
By: Reuters
11th January 2010
http://www.miningweekly.com/article/mining-bidding-wars-hint-at-ma-spree-to-come-2010-01-11
TORONTO - A spate of hotly contested takeover deals in Canada's mining patch and steadily rising metal prices may drive busy dealmaking in 2010 after a lull in acquisitions last year, experts say.
And new sources of financing are opening up as banks slowly return to the lending game and commodity-hungry China opens its coffers to partners, providing plenty of incentive for larger players to feed on smaller developers.
"Most of the (miners') financial positions are much stronger than they were a year ago and everybody seems to be refocusing their attention on growth," said Haytham Hodaly, analyst at Salman Partners.
Goldcorp, which has been growing aggressively in recent years, is currently wrapping up two acquisition bids on foreign soil.
In Chile, the company said last week it would spend $513-million to acquire Xstrata's 70 percent stake in the El Morro copper-gold project, trumping an existing bid from rival Barrick Gold, the world's largest gold company.
Goldcorp also just finished fighting off Penmont, a joint venture of gold and silver heavyweights Fresnillo and Newmont, to clinch the takeover of Canplats Resources, which is focused on the Mexican mining space.
That followed Cliffs Natural Resources' victory over Noront Resources in a battle for Canadian chromite explorer Freewest Resources, and comes as royalty companies Royal Gold and Franco Nevada both bid for smaller rival International Royalty, with Royal winning agreement on a C$640 million offer.
The return of hostile bidding, which was a feature of the red-hot 2006-2008 M&A boom, suggests companies are again prepared to be aggressive to lock down new assets.
The recent activity follows a year of cautious rebound from the 2008 crash in metal prices. Industry players say that now, with gold having held above $1 000 since October and base metals still churning higher, potential buyers may have hit a point of comfort with the economics of adding assets.
"If the gold price and other metal prices remain strong ... then we would expect to see more (deals)," said Paul Burchell, an analyst at Dundee Securities.
In addition to Goldcorp, which wants to use El Morro as an entry into the red-hot Chilean mining space, other large-tier miners are seen as prime candidates to bulk up through M&A.
Uranium giant Cameco, which said last year that it could consider a deal valued in the $1 billion to $2 billion range, may now be ready to make such a move after selling its Centerra Gold subsidiary for about C$872-million in December.
Teck Resources (TCKb.TO), Canada's top base metals miner, said last fall it was "open for business" and thinking of acquisitions after a tough year fixing its balance sheet in the wake of its 2008 leveraged takeover of Fording Coal Trust.
CHINESE STAKES
Teck's rebuilding effort included selling a 17 percent equity stake to state-owned China Investment Corp for $1,5 billion, reflecting a growing trend among Canadian companies of turning to Asia as a source of capital.
Such deals, typically sales of minority equity stakes and often including a long-term supply deal, are expected to increase in frequency and in the size of companies involved.
"I think China is still looking to secure resources, and they certainly have a lot of foreign exchange reserves they want to deploy and one way to do that is to buy a copper mine," said David Whetham, a resource fund manager at Scotia Capital.
Other players seen in possible deals include HudBay Minerals, which has been rumored to be shopping a stake in its Fenix nickel project in Guatemala.
"There's a lot of discussions ongoing right now with bigger companies," said Glenn Ives, North American mining leader at accounting firm Deloitte.
Target companies can use the deal to leverage closer ties to a region expected to drive global growth in coming years.
Along those lines, Teck has also been in talks with Asian coal customers regarding taking on a partner for its coal business.
Teck Chief Executive Don Lindsay has said it would only pursue such a deal if it would lead to enhanced "business relationships".
The source of capital, meanwhile, should fund projects where equity or debt financing may not be an attractive option.
Asian capital "will probably mean that there will be more projects developed (in Canada), which actually will be hugely beneficial to the economy," said Deloitte's Ives.
Perfect...thanks for the heads up!
The office told us in December they should be this week by the 15th. I am hoping to see it by Friday and looking for any updates both in the quarterly and also in a news PR.
My buy price is .065 here...might just have to average down. Any idea when we might expect that SEC filing?
Sorry faust LoL!
GLTA !!
Just picked up another 43k at .039 <<<<Just added 15k @ .04..Time to hit the ask guys..One or two little tic's arent going to make a difference with this one in the longer term..I talking DOLLARS!
Just picked up another 43k at .039
in this case late was better :). i added today also
HE DID!!!!!He Beats me every time. Might as well go buy the latest release of Raven Moon..
I look at this on the map,and I envision thousands of Chinese ore ships,lined up to cart Labrador away,piece by piece,dollar by dollar..great location for a copper mine. There are some sure-nuff bigger copper deposits in Canada,but they are way out in Bumphuque-doesn't do you a bit of good to have what you can't sell..
nope got cork in a week ago :o)
Waiting to add-bastards jumpped the ask....never mind,that is what is SUPPOSED to happen when people buy stock lol.
I just picked up 67k shares <<<<Good buy..Dollars for pennies IMO
I just picked up 67k shares for one simple reason-I think this is the only stock I have and Cork doesn't lol..
Same here, I wish I had the spare funds.
It was anyhow. Great for those with dry powder.
Sucks to be out though!
GLTA !!
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