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Plant and equip investments
At least they got over that hurdle last year. The original problems, then the investment to replace the gear both hit the bottom line, which prevented the stock from taking off upward. But those investments are still potential for realized gains with better mill production, as long as the mining gets back on track.
short interest
Some minor player put a short trade in on the stock while there was almost no volume. That really hurt the price. The trade was closed. As of Nov 15 there was no short interest.
From otc markets:
Date Short Interest % Change Avg. Daily Share Volume Days to Cover
Nov 15, 2013 0 -100.00 5,170 0.00
Oct 31, 2013 16,500 100.00 2,333 7.07
Catedral
I had always hoped that they would liquidate that property and generate some working capital from it. When I read old filings it seems they invested some serious cash into preparing the site. As best I can tell, all those investments were gradually written off the balance sheet. The company has always characterized the site as economically viable site for lime production. They obviously don't have capital left to realize a return from their own operation, but a sale into stronger hands could goose up Cerro Grande back into strong operations at Pimenton. It is the ideal move for shareholders it seems. I don't know if a sale could generate $2M or $10M. I simply don't know the numbers that would determine a buyer's investment and return projections.
eagerly awaiting next public results
I am sitting on large loss on 100K shares. I'll need to drop 20k-40K of those shares around Dec30 for tax loss.
from what I read in the last filing, their mining operation ended up off the mark from vein they were aiming at. Cost per oz exploded, at the worst possible time with low gold price since now they have no operating capital left. The way I see it , either they get Pimention operation back on track soon, or face tough choices. Whatever the outcome, I hope managment is forthright with shareholders best interest. They seem to be, which is why I invested to begin with.
Who would have guess yesterday at the close at .10 that the GAP would have been filled this morning due to this "news" from Belize. LOL!
I know the deal. I posted #139 - #145 and at the time, nobody was interested in talking to me. I took a serious bath on this stock % loss, my mistake to make a bad timing panic sale, because lots of interest came along a few weeks later and revived the price if I had wanted to get out.
But I can't say I find this a compelling story enough to get back in.
OTCQX listings
I really like that OTC is developing a premier market OTCQX. They have been pulling in a lot of dual listings from Canada. These are better companies than most of what else is on OTCBB and better values than listings on the major American markets. They also have more global exposure.
Here, I see a market cap below book value. Not a surprise, since its assumed they will continue to draw down their cash to develop mines. So price to me looks good, but I want to have a handle on this business.
The thing I want to understand is why they've been around since 2003 but are still not producing and generating revenue. Anybody can go dig trenches in remote lands.
Waiting for a progress update...
Do you have a position in LATNF?
I have none yet, but will look into it.
New Board. Welcome.
Currently I hold no shares but looking into it as they just listed on OTCQX.
I do have a holding in Cerro Grande Mining, CEGMF, which is further along in Chile, producing but also has exploration and development potential like this one.
Ok up 40% again today.
Buyers beware
I hate to say it but I don't believe the trades in this stock are really market.
I'm wondering if these are straw trades between the same party exchanging shares between different accounts to move the price.
According to OTC markets, shareholders of record in July was 27. So you look at the action in the last two days, volume, trades, and price. That is the only explanation I can believe.
I'm out of this.
I think getting in this was a mistake.
Price of Gold keeps going up
Its strange there's no gold rush to the mining stocks. Somebody will discover this stock eventually.
PETEF was top advancer today on OTCQX board
for high dollar volume it was top advancer.
For % gain, it was like 5th. CEGMF took the top spot.
I'll talk a look at this one because Somebody is seeing something even if nobody is saying anything on this board
Who are you to say that? Gold mining is scalable up and down. So is crude. REE aren't.
If 50 REE sites are found, but it won't mean they're economically feasible to produce and process most. Only 1 or 2 will get the $500M needed to produce and process, and those will each satisfy double digits % of the market, on top of Lynas and Molycorp, already assumed to be producing. If you don't grab double-digit share, you will be out of business in short time.
Find gold or light sweet crude just anywhere, its profitable in small amounts or big amounts.
Somebody correct me if I'm wrong:
To be an REE player, a company requires hundreds of millions of dollars to get into production and processing.
This isn't like mining gold where anybody with a pick, a shovel and a screen can do it and sell it to anyone.
This isn't like oil where you get paid profitably not matter how much or little of it you pump out.
There's a reason China cornered the market - It's not because RRE are rare and only over there. It's because the barrier to entry is very high. For 30 years nobody was willing to risk their huge amount of capital up against China's cost of production of the stuff.
Friday a.m., about 35K shares bought
That's interesting considering what the market was doing. Somebody is not afraid to step in here against a few headwinds.
Maybe they know something positive about the ongoing exploration? I don't think a value shopper picks VKML. VKML is a wildcard and people usually play the wildcards on days and weeks when the microcaps are blazing.
yes MM just doing what MMs do
They put a little bait on the hook and jiggle the line, try to stir up some bites. Tiny volume is much preferable to 0 volume.
Over $17K dollar volume today
All buying.
That's already in the top 100 in the OTCQX. But the top 40 in the OTCQX are doing 10 times that dollar volume. That's where CEG needs to get to: somewhere around top 40.
This also means I'll have more visitors soon here to talk with me I hope.
Mining claims
You are looking at a 10-K filing for for year ended 3/31/2011. In the next sentence it says:
On January 10, 2011, the Company entered into an option agreement (the "Agreement") with Sundance Gold Ltd. ("Sundance") for the purchase of 20 mineral claims in the State of Nevada covering approximately 200 acres known as the Dolly Varden claims. Under the terms of the agreement, the Company paid Sundance $25,000 upon signing of the Agreement, and will issue to Sundance 20,000,000 shares of its common stock within two years of the signing of the Agreement.
On 6/1/2011, VKML announced:
Viking Minerals Acquires 16 Claims Adjacent to the Victoria Copper Mine in the Dolly Varden District in Northeast, Nevada-the World's Third Most Prolific Mining Region
PHOENIX, ARIZONA, Jun 01, 2011 VIKING MINERALS INC. announces the acquisition of 16 claims in the Dolly Varden district in Elko County, North East Nevada - the world's third most prolific mining region.
These are mineral claims they acquired.
You can see the place on google maps. There are basic roads to get in an out of there, which is good to have NV infrastructure. Dolly Varden Spring, West Wendover, Elko, Nevada
Updated the Box
I currently don't have a position in this stock
Right now I am mostly in CEGMF. But I'm watching this and hoping for some discussion here.
Interesting story here
Phase III clinical trials.
Always consider the downside when buying
This is one of the most spectacular P&Ds I've ever watched. Anybody who has been buying this, I sure hope they realized that their downside could be 99% loss.
I've learned the hard way trading is its really difficult to find success year in and out when you don't protect your downside.
See the News : CEGMf.pk on S&P's information service
I think this will be very good in about 6 months. People will find this over stock screeners. New audited financials will come out. Company will have some very compelling stock ratios. Screener hits will light up.
"The information to be made available through this program includes the Company's share price, volume, dividends, shares outstanding, financial position and earnings. "
That revenue rate and falling costs compared to market cap
Its looking like a great deal at this point. The company is going to be flush with cash from the recent quarter to fund exploration, development, and ramp up more production.
Great recent results at Pimenton mine
First two months ended May 31, 2011 of its third fiscal quarter ended June 30, 2011 compared to the first two months ended May 31, 2010 of its third fiscal quarter ended June 30, 2010 and the results for eight months comparable periods ended May 31, 2011 and 2010:
Revenues from gold, copper and silver sales totalled US $5,336,497 for the two months ended May 31, 2011 compared to US $ 1,450,000 of gold, copper and silver sales for the similar
two months period in 2010.
Total cash costs per ounce net of by-product credits was US $722 per ounce for the two months ended May 31, 2011 compared to total cash cost per ounce of US $1,074 for the similar
two months period in 2010.
Revenues from gold, copper and silver sales totalled US $16,356,393 for the first eight months period ended May 31, 2011 compared to US $5,649,979 for the similar eight months
period in 2010.
Total cash costs per ounce net of by-product credits was US $637 per ounce for the eight months period ended May 31, 2011 compared to a cash cost per ounce of US $1,066 for the similar eight months period in 2010.
More results should be within next 2 weeks
7/15 PR said: The company looks forward to reporting Dolly Varden drill results over the next 4 weeks".
Just listed on OTCQX International
http://www.otcmarkets.com/stock/CEGMF/company-info
Has traded on Toronto for a long time (under 'CEG')
Check out the financials. Very undervalued I think.
I think VYEY undervalued here
New mgmt has some credibility. Things are happening. Now have a small position, will watch the production ramp and look got enter in deeper
GTLA!
There should be more interest in VKML
Credibility takes a few months to accrue, but the company is fully reporting. The prospect here is considerable. It seems very feasible that solid amount of capital can be raised for development in a short time, and stock would be on its way up strong.
Upside vs downside still an easy bet. Something has to happen in Q3. Maybe a deal breaks through for shareholders.
source - Q1 2011 10-Q
Common stock, $0.0001 par value, 195,000,000 shares authorized, 46,006,625 and 45,981,625 shares issued and outstanding at March 31, 2011 and December 31, 2010, respectively
There is no split share class, no preferred, or no outstanding convertibles that I'm aware of. There might still some common stock equivalents around (i.e. warrants) that could increase it, but there's no significant dilution pending from existing equity structure.
It is possible the company could issue equity to raise capital to fund growth initiatives, but they haven't stated any plans to do so.
The company has been disciplined in share count over the years.
Selling Go-Global and why is GraphOn unknown
For years the company sold most of its Unix and Windows Go-Global products through channels. Most revenue was in two category of sales -
1.) the ISV sale. This was often a multi-user application being sold by the ISV. THe ISV bundles the GraphOn product in with the sale of the application. This makes the application web-accessible. Some ISVs would buy it as private-label. The user generally is not much aware of it while using the application.
2.) the system hardware sale. Here, a system vendor embeds the GraphOn product into the system, which is used in IT equipment, whether it is telcom or data center, etc. The product is used a remote access solution for system managment and support for systems built on Unix or Windows internally.
What will be the dominant sale in the future is the IT solution sale. Here is what you do now, here is what we propose to do, here is your ROI, here are you cost savings on your IT dollars, here is how we meet your requirements, here are you new features and capabilities, here is how you get better security, etc. Go-Global products are a key piece of that, but its obvious why partners with direct IT relationships are needed to make the sales pitch and provide total solution deployment capabilities.
One upshot is that the end customer does not need to be buying an application or a system for the Go-Global sale to happen. An ROI-based sale or new requirement sale (i.e. IT to provide tablet support) is recession resistant
The case for GraphOn
Cloud is not the endpoint of change, just as virtualization was not. One change enables the next. Corporations still spend over $ trillion annually on desktops and laptops, Windows apps like MSOffice, and Windows support under the expectation that job-critical applications are deployed to these traditional devices. The next layer of change is to maximize the cost savings of cloud app by getting all remaining desktops/applications deployed on server and delivered over network to any device. Companies are not going to throw away their $200B installed base of MSOffice and other Windows apps. Most will not want to go pay a cloud subscription on these things they've already licensed. But they need to transform this legacy architecture underneath so that all apps are delivered to user devices, not deployed on them. Then huge savings are possible on top of Cloud, particularly with support labor after changing the IT's user support model. This is user virtual computing, with trends called 'consumerization of IT' and 'BYOD', and VDI. IT will invest in this infrastructure. Good companies here are CTXS for large cap, LOGM as a med cap, but a lot is priced in. Ground floor microcap opportunity exists with GOJO. It stands alone in having application virtualization/presentation technology that is not dependent upon Windows terminal services, and is far more efficient. This leads to a better user experience on the client. Last year they ensured their survival by delivering must have 64-bit Windows host support. Now they have redefined their relevance for the new decade with the Go-Global Cloud product, its Flash client, and new support for mobile devices. Tablet devices are ideal for people who will want to use their heavyweight Office apps. GraphOn is well positioned to ride today's revolution in mobile computing on new non-Windows devices. The company is low on cash, which is reflected in the discount stock price. The business is very scalable, with product gross margins near 90% and support margins 50% that can support high growth. Good solution partners are needed but should not be hard to find to tap this mobile growth opportunity with high-margin software solution sales. GraphOn has a solid small partner in emerging-market of Brazil, Centric systems. This growth can be replicated to emerging markets worldwide. For established IT in US and Europe, an equity investment-sales partnership is ideal, but any meaningful partnership deal could transform Graphon into a $200M market cap within months. With most revenue falling to the bottom line, a simple $30M annual partner could easily yield $15M net profit to GraphOn. A high margin and PEG likely produce over $500M market cap in that scenario. The market opportunity is in the $ Billions. A few years ago, Intel did a $10M equity-sales deal with LOGM, and LOGM is now a $1B market cap. LOGM and CTXS trade at P/S ratios of over 8 and 7 respectively, while GOJO P/S is still near 1 currently. GraphOn must grow its sales nearly 20% this year, which is possible even organically without new partner deals. If they achieve that, the stock would likely to go up about 5 fold on that basis alone. No stock with this much upside at this price discount is a certain thing. There are real risks and there are possibility of failure that investors should evaluate. Please do your own research about the company. Read the SEC filings. The company has been fully-reporting for many years.
GraphOn page on facebook
Check it out if you haven't. Half way down the wall there's a link to new flash client running a Go-Global Windows host application. You can see this product really works well. There's also a link to the Go-Global Cloud product, but without the ability to modify things, you have to imagine what you could do with it- better to read the product sheets.
Wow Greetings all newcomers!
Nice to see some traffic on the GraphOn board.
Yes, I think the potential upside is tremendous. 10x 100x sky is the limit with GOJO.
35 million share float
and it seems there are no more sellers
I've bought only a fraction of 1% in the last few weeks and I've wiped out the sellers.
I think there have only been about 2 or 3 other small time buyers like me as I've been able to obseve my trades have been a large share of the total volume.
I believe that says a lot about where this stock is heading