Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
zahnj, After looking at the PR and thinking a bit, Sib Almaz may have been the problem here. So it may be good that they will be exiting the scene....
pontiyak, The "complete shareholder update" will be useful...DerFuh
Wodan, Yes, that is what is said. Also will GBDX go private or will company go public somewhere else? That was hinted at in their September 2007 press release. They may have paperwork to complete at their new destination too, possibly....
Manche Babys mögen lieber Bier als Milch. Aber wo soll das hinführen?
KC, Something may be holding up GBDX from finishing the deal, some approval or approvals maybe? Patience is always important and a good skill to learn....DerFuh
Manche Babys mögen lieber Bier als Milch. Aber wo soll das hinführen?
Kidd Charlemagne, Another famous deutschen leader and wise leader in 900 A.D. of the Holy Roman Empire of Europe. I have worked on energy projects in Siberia. I also talk with Russians in the Middle East again on energy projects. Whether it is oil & gas, uranium, bauxite, iron ore, caviar, or diamonds, I think that the Russian Government is trying to reestablish at least majority control over businesses involving any and all of Russia's many commodity assets.
In January 2007 GBDX issued a press release stating that the stock was undervalued, back when the stock traded at seven cents U.S./share, and that GBDX management would look at ways to increase the share value. I think that GBDX management is trying to do that right now, they're just being a little cautious like a big bear slowly working its way to where it wants to be.
So be patient- no retreat! So we have a Charlemagne and a Fuhrer on this blog- where are Friedrich der Grosse and Friedrich Barbarossa??? DerFuh
Wayne R, Nichts. This looks to be another SFLX type of play. That is why I ride it...DerFuh
Manche Babys mögen lieber Bier als Milch. Aber wo soll das hinführen?
Orangeman3, Yes, In fact I purchased 1,000,000 more shares yesterday @ .0007. I am convinced that GBDX will play out similarly to SFLX, a take-out that acted as similar fashion about four-five years ago. DerFuh
astronomade, I give up thinking, and just sit and wait to see what happens....GBDX got derailed for some reason and we will eventually find out what that reason was. Until then "im Osten nichts neues" (all quiet in the east)...DerFuh
astronomade, That would be a just ending for folks who short the stock and make bad comments. let them fall on their own knife and, in effect, pay the shareholders.
I see that our English friends in London are named the top financial center in world:
http://biz.yahoo.com/rb/080609/economy_cities.html
Euraquillo, May I suggest the beaches of Vina del Mar near Valparaiso, Chile?
http://maps.google.com/maps?hl=en&q=Valpara%C3%ADso,+Valpara%C3%ADso+Chile&um=1&ie=UTF-8&sa=X&oi=geocode_result&resnum=1&ct=title
cicero17, I think the company is just trying to pick up shares less expensively by buying the waiting, buying then waiting, etc...
zahnj, Yes that is always a risk with any stock ownership. The abscence of volume suggests that most people are happy with their current position, in or out of the stock whatever that may be....DerFuh
TGTL2005, It is much like a tidal wave when water goes out from the beach and all is quiet.... The number of shares must have been reduced. DerFuh
TGTL2005, I thought you'd like the slide presentation on the Russian economy. it is very healthy indeed:
http://www.usfunds.com/docs/pdf/08-113_Russia_webcastReplay.pdf
Meanwhile "Im Westen Nichts Neues" (All quiet on the western front) DerFuh
longhaul, I just freely bought 400,000 shares through my broker. So it must be a specific Ameritrade problem...
meffoos, Not a bad scenario actually. Basically Sib makes the short sellers in effect "pay" the outstanding shareholders for the value of their outstanding shares....
cnort290, I would not know about closing any short positions, but one would assume that the company would buy shares until they vacuum up the entire float, or hit a price level that they consider inappropriate to buy back any more shares. I am lower on the spectrum and say that price is two cents/share based up July 2007 action...DerFuh
eliot, Well it took them a while but it looks like the good folks at GBDX have come back to complete the deal now. I doubt that speculators would be buying that many shares that consistently, unless perhaps some large short positions did exist which I tend to doubt....DerFuh
eliot, "Mejor que nada" (better than nothing) as they say in Spanish, right? It seems to me that share availability is dropping....
TGTL2005, Never doubt the Russians. They appear to be systematically picking up shares now. TGTL you are a follower of renewable energy stocks, nicht? DerFuh
longhaul, With the heavy volume on late Friday, there might be some news out before the market opens on Monday...
eliot, I wonder how many shares are still out there to be purchased...DerFuh
TGTL2005, No news here. I just sit, watch, and wait...DerFuh
Spectre, Never doubt the Russians. They are very smart, tough, and reliable business partners....
Cahalane99, Yes less buyers may also be true....
TGTL2005, Share volume except for occasional daily spikes has trended consistently downward since July 2007. That suggests that shares are being removed from the market....DerFuh
Hats off to any traders who traded the dip- quite a nice return. I just hold long and wait for an announcement...DerFuh
TGTL, We've been on the south side of the A/D Line for so long, let's see if we can break to the north side of the Line here....DerFuh No retreat!
zanhj, Pas de quoi monsieur! Just my opinion the current buying is most likely the company gobbling up as many shares as is possible before they issue some sort of an announcement...
zahnj, I would say that management's price is a fair indicator of market value...
zahnj, I am sorry. I used the wrong term. It is still a takeout of existing shareholders. They just can do it with less formality of action, but still at a fair market price as far as shareholders are concerned.....
lorper, In other words with a given percentage ownership of the company stock, GBDX could do a short-form merger and then close out the deal?
TGTL, I picked up another 1,000,000 shares @ .001 two days ago mid-morning -still holding- no retreat! DerFuh
"Im Westen nichts neues"- all quiet on the Western Front. We seem to be in a holding pattern price-wise here, although volume picked up mid-January....a little churning here....
pontyiak, We are right back on the 50-day moving average- let's see how it plays out....DerFuh
TGTL2005, This is only a guess, but in eastern Europe New Year's is celebrated usually through January 13th. GBDX may have been quiet due to that fact for the first couple of weeks of 2008...DerFuh
leebret, Something-or someone has held up completion of this transaction. Patience is the key here with no new information on the status of the transaction.... I once rode a helicopter with no radar in Dagestan in the fog. That was a hairy ride. But we eventually landed okay. GBDX is akin to that ride....
Tacoz, It is hard to say what will happen here....
zahn, We are one-half way through the GBDX transaction. Hopefully GBDX will finalize the deal in January 2008....
Zahn, I just purchased 600,000 shares @ .0014/share off of the tax loss selling. Der Fuhrer wunscht euch alles gutes im neuen Jahre! (Happy New Year and the best to all of you in 2008). DerFuh