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Pretty solid inverted triangle on the monthly chart.
PCX stuck in an descending triangle on the daily chart. Not a good sign.
Look at the daily chart. We just had a false break of the ascending triangle that we've been working in for the since mid October and was confirmed in November. If you are worried about a down break, watch to see if it can break through it. That said, it is a continuation pattern which maybe reassuring. It won't break to XOM or AAPL levels -- that would be a several thousand point move, but it may break another 20 points which should be enough.
Wait until it has confirmed any type of downtrend.. It is nowhere near doing that. Buy low, short high.
It would've been a good week for shorting the minor trend, but it bounced off of it's primary trend line which is a huge signal of strength. It's go plenty of room..
Anyone else seeing an inverted triangle on the 1 year weekly chart of TLT with an apex of around 116? Looks pretty clear but I'd like some confirmation.
This is a charts board. Fundamentals are irrelevant.
It has some resistance in which it failed to break today. Looks bearish in the short to me. That said, its weekly chart looks strong as hell.
I see a roof beginning to appear at our last high with a wedge coming if this can pull itself back onto its strongest trend line in the next month. I don't see a lot of room here with the RSI trending lower and MACD following in suit. I'm not saying this rally is going to end, I'm suggesting that a regression to the mean is necessary in short order.
I haven't been around much in the last couple of months.. Doesn't look like much has happened which can be perceived as a good thing or not.. Let's get some gold out of the ground, ehh?
Any chance of a bankruptcy claim here or has the EU pumped enough capital into them to keep them afloat?
I've been doing quite a bit of DD on this company and I'm having trouble deciding what I believe the future of it to be.. What are your thoughts on the next two years?
I'm having some trouble tracking down any good records on this company. What are the chances of bankruptcy at this point?
More of a preemptive post than anything else.
The negativity on the 10k is absurd because it's nothing we didn't already know. If this was Molycorp's balance sheet, we could talk, but it's a freaking penny stock.. Anyone who has read a decent amount of Pinksheet 10k's realizes this is pretty solid.
"We also note that drilling results are not indicative of mineralized material in other areas where we have mining interests. Furthermore, mineralized material identified on our properties does not and may never have demonstrated economic or legal viability."
-- If you have an issue with this, I suggest you begin reading SEC regulations. Or, I'll refer to you any large cap exploration company.. They have the same statement.
" As of December 31, 2010, our accumulated deficit was $21,246,160. To become profitable, we must identify additional mineralization and establish economic reserves on our properties and then develop our properties or locate and enter into agreements with third party operators. It could be years before we receive any revenues from production, if ever."
-- Hence why we have been looking for financing.. Anyone who is surprised by this should learn invert trading and forget fundamentals. I don't spend much time on the pinksheets, but, this is nothing in the grand scheme of things. Hell, if we had mark-to-market accounting, it wouldn't even matter. Look it up.
Anyone who is taking this stock seriously, stop.. anyone who is to intent on bashing this stock, stop. You are just going to make a fool out of yourself, because, folks, this is a penny stock. Risk is incurred which is why the gains can be so significant and so can the losses.
Oh, and assuming the NI43-101 is correct, 440 million O/S shares in nothing...
We really need to apply to the SEC to use mark-to-market accounting. It would make our balance sheet look a thousand times better.. But, it might be illegal because of Enron.
When you place an order of that magnitude, it can typically trigger some stop loss orders bringing everything down momentarily.
This doesn't take the place of the 10k, correct? What is Hollis reffering to when he speaks of financials? Is he going to let us seem them anytime soon? Could that P.R. have been more vague?
We are told that it will be out before the first of April.
It will all depend on the 10k. It is possible for us to dip after this if we don't like what is in it, however, in contrast, if it is even mildly decent, I think we'll stay at higher levels.
Hahaha. Farfromrich, you'll always be rich in spirit in my book! That's gotta count for something! lol.
I'm not bashing on you, my man. No worries! And if nothing else, it's a useful article!
I was just weighing the information as a whole and missed that. lol. "There is nothing more elusive than an obvious fact." -- Sir Arthur Conan Doyle.
Interesting break to the downside. Looks like it's possible for us to test .08 again. Great buying opportunities.
No clear trend spotted after today. The hotel industry took a beating but we held our ground decently.
I'm going to question the validity of the article a bit. I mean, I'm sure it's actually on that site. But, I'm tempted to try and call Cramer to get his take on the stock. 10 to 1 says he's never heard of it. He's typically a large cap fellow. And if we had Cramer's blessing, this is a $5 dollar stock, not .0185.
I'm actually going to advocate that our 4 month downtrend was at least for the moment, broken.. Take a look at the chart, friends.
Hahahahaha. Do you know how charting works? Once you break a downtrend, you'll likely pull upwards assuming the OBV supports it.. Yes, we are still in the downtrend, however, if a market trended the same way forever, it would cease to exist.
We need this run to get past .022 in order to break our long downtrend..
But as you were saying, we have no idea what's going through his head. He could honestly be trying to keep a low PPS. It could be that we are just getting owned by MM's and that there isn't much dilution.
And, I think we should sell those shares regardless. They seem like a waste of capital to me unless we plan to buy them out in time. Otherwise, we have better places to use that money.
I'm already in school, so we're looking at a shorter time frame. 5 years should be enough for me to finish. Nonetheless, I'm already paying tuition through day trading.. Go DGRI.
You don't need to convince me of anything. lol. Just trying to go over strategy with the rest of the board.
From a charting level, yesterday was huge.. We may have just created a very stable bottom for us. Unfortunately, penny stocks hate to move along chart lines, so, we'll see what happens. Either way, I'm stoked about the new staff and the upcoming 10k! Be well, everyone!
Huge swing to the upside with no volume.. nonetheless, it looks like the chart is going to support us with it. Can anyone say squeeze? Looks like the 15 million shares we issued and insured are going to be solid. Let's make the run to 6.50.
At this point, I'd prefer a joint venture in the short term to Dutch trying to do it on their own. The joint venture would hopefully bring some bigger money in which would be nice, but, more importantly, a jv would bring validity to the Dutch Gold name. We need it!
And, if I'm not mistaken, Molycorp's claim is just a bit over ours and they are sitting on a 5 billion dollar market cap. Hope anyone???
The PPS almost seems to be a catch 22...
So you'd be advocating a 1-2 billion dollar market cap? It's plausible. I think the key in any of this, is the proof. If everyone believed that we had as much precious metals as we say, well hell, even Cramer would be following us. As soon as we can make everything as legitimate as possible, we will see a huge PPS gain. My only concern would be the size of the float. SAEI really burned us there. Without that unraveling, we could be trading at a dollar with 220 million O/S because Hollis wouldn't have had to dump so many shares.
Let me be clear as well, the amount of O/S shares hurts on both the legitimacy factor and the PPS. This may sound strange, but the higher our PPS, the more chance we have to run. It is very hard to believe a company is doing anything worthwhile with a PPS as low as ours. That said, for all I know, Hollis is intentionally keeping it down.
Whatever the case, go Dutch.
Check out Molycorp. We're not that dissimilar from them with exception of a trust aspect which we can hopefully gain in time..
At those prices, I will be able to retire before I'm done getting my Ph.d.
Assuming we are basing the price only on the assets count, I do believe it is possible. However, it will depend on three things, amount of precious metal that we can get out of the ground (gold isn't all that we have), the amount of shares diluted and/or the financing structure we obtain, and the structure of the company -- though I am liking how Hollis is running things, etc, we will need so much to support a PPS of even a dollar.
In any case, I wouldn't be guessing the share price, I think it is a bit more fundamentally correct to guess what we believe the market cap can reach. The market cap typically does a better job of taking into account all of the factors. For example Citigroup's share price compared to Biglari Holdings. One is a tiny company and a small cap, the other a huge company and a large cap and yet, BH's share price is 10,000 percent higher than C's.. It all comes down to share structure. GTLA.
Seeing some new and old faces here with a lot of respect on ihub. This is getting better and better!