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I did not see anyone else post this, so I figured I would...
It is only a matter of time before the countries of the Planet Earth will realize that they cannot afford to let China dictate the supply of REE's to the rest of us...
Sarissa is sitting on a fortune that only grows larger as time goes on...
Cheers,
TheGoodlifeGeo
"The future, according to some scientists, will be exactly like the past, only far more expensive." ~John Sladek
http://finance.yahoo.com/news/China-Consolidates-Grip-on-nytimes-2650144197.html?x=0&.v=1
"China Consolidates Grip on Rare Earths"
New York Times
KEITH BRADSHER, On Thursday September 15, 2011, 7:46 pm EDT
BEIJING — In the name of fighting pollution, China has sent the price of compact fluorescent light bulbs soaring in the United States.
By closing or nationalizing dozens of the producers of rare earth metals — which are used in energy-efficient bulbs and many other green-energy products — China is temporarily shutting down most of the industry and crimping the global supply of the vital resources.
China produces nearly 95 percent of the world’s rare earth materials, and it is taking the steps to improve pollution controls in a notoriously toxic mining and processing industry. But the moves also have potential international trade implications and have started yet another round of price increases for rare earths, which are vital for green-energy products including giant wind turbines, hybrid gasoline-electric cars and compact fluorescent bulbs.
General Electric, facing complaints in the United States about rising prices for its compact fluorescent bulbs, recently noted in a statement that if the rate of inflation over the last 12 months on the rare earth element europium oxide had been applied to a $2 cup of coffee, that coffee would now cost $24.55.
An 11-watt G.E. compact fluorescent bulb — the lighting equivalent of a 40-watt incandescent bulb — was priced on Thursday at $15.88 on Wal-Mart’s Web site for pickup in a Nashville, Ark., store.
Wal-Mart, which has made a big push for compact fluorescent bulbs, acknowledged that it needed to raise prices on some brands lately. “Obviously we don’t want to pass along price increases to our customers, but occasionally market conditions require it,” Tara Raddohl, a spokeswoman, said. The Chinese actions on rare earths were a prime topic of conversation at a conference here on Thursday that was organized by Metal-Pages, an industry data firm based in London.
Soaring prices are rippling through a long list of industries.
“The high cost of rare earths is having a significant chilling effect on wind turbine and electric motor production in spite of offsetting government subsidies for green tech products,” said one of the conference attendees, Michael N. Silver, chairman and chief executive of American Elements, a chemical company based in Los Angeles. It supplies rare earths and other high-tech materials to a wide range of American and foreign businesses.
But with light bulbs, especially, the timing of the latest price increases is politically awkward for the lighting industry and for environmentalists who backed a shift to energy-efficient lighting.
In January, legislation that President George W. Bush signed into law in 2007 will begin phasing out traditional incandescent bulbs in favor of spiral compact fluorescent bulbs, light-emitting diodes and other technologies. The European Union has also mandated a switch from incandescent bulbs to energy-efficient lighting.
Representative Michele Bachmann of Minnesota is running for the Republican presidential nomination on a platform that includes strong opposition to the new lighting rules in the United States and has been a leader of efforts by House Republicans to repeal it.
China says it has largely shut down its rare earth industry for three months to address pollution problems. By invoking environmental concerns, China could potentially try to circumvent international trade rules that are supposed to prohibit export restrictions of vital materials.
In July, the European Union said in a statement on rare earth policy that the organization supported efforts to protect the environment, but that discrimination against foreign buyers of rare earths was not allowed under World Trade Organization rules.
China has been imposing tariffs and quotas on its rare earth exports for the last several years, curtailing global supplies and forcing prices to rise eightfold to fortyfold during that period for the various 17 rare earth elements.
Even before this latest move by China, the United States and the European Union were preparing to file a case at the W.T.O. this winter that would challenge Chinese export taxes and export quotas on rare earths.
Chinese officials here at the conference said the government was worried about polluted water, polluted air and radioactive residues from the rare earth industry, particularly among many small and private companies, some of which operate without the proper licenses. While rare earths themselves are not radioactive, they are always found in ore containing radioactive thorium and require careful handling and processing to avoid contaminating the environment.
Most of the country’s rare earth factories have been closed since early August, including those under government control, to allow for installation of pollution control equipment that must be in place by Oct. 1, executives and regulators said.
The government is determined to clean up the industry, said Xu Xu, chairman of the China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters, a government-controlled group that oversees the rare earth industry. “The entrepreneurs don’t care about environmental problems, don’t care about labor problems and don’t care about their social responsibility,” he said. “And now we have to educate them.”
Beijing authorities are creating a single government-controlled monopoly, Bao Gang Rare Earth, to mine and process ore in northern China, the region that accounts for two-thirds of China’s output. The government is ordering 31 mostly private rare earth processing companies to close this year in that region and is forcing four other companies into mergers with Bao Gang, said Li Zhong, the vice general manager of Bao Gang Rare Earth.
The government also plans to consolidate 80 percent of the production from southern China, which produces the rest of China’s rare earths, into three companies within the next year or two, Mr. Li said. All three of these companies are former ministries of the Chinese government that were spun out as corporations, and the central government still owns most of the shares.
The taxes and quotas China had in place to restrict rare earth exports caused many companies to move their factories to China from the United States and Europe so that they could secure a reliable and inexpensive source of raw materials.
China promised when it joined the W.T.O. in 2001 that it would not restrict exports except for a handful of obscure materials. Rare earths were not among the exceptions.
But even if the W.T.O. orders China to dismantle its export tariffs and quotas, the industry consolidation now under way could enable China to retain tight control over exports and continue to put pressure on foreign companies to relocate to China.
The four state-owned companies might limit sales to foreign buyers, a tactic that would be hard to address through the W.T.O., Western trade officials said.
Hedge funds and other speculators have been buying and hoarding rare earths this year, with prices rising particularly quickly through early August, and dipping since then as some have sold their inventories to take profits, said Constantine Karayannopoulos, the chief executive of Neo Material Technologies, a Canadian company that is one of the largest processors in China of raw rare earths.
“The real hot money got into the industry building neodymium and europium inventories in Shanghai warehouses,” he said.
Stephanie Clifford contributed reporting from New York
Hi Go!!!
Interesting, I was just thinking about you & Sarissa today...
I still have some of my original 2007 converted shares and just bought more last week...
Funny seeing some of the 'old timers' here today...
:)
Cheers All and here is to a Prosperous 2011!
TheGoodlifeGeo
When asked what he would do if he only had six months to live: "Type faster."
-Isaac Asimov
Both Angelina Jolie and Leonardo DiCaprio are rumoured as Signed to Star in the Gucci Epic Drama... Fox 2000 Productions listed as well.
See info from IMDBPro:
IN DEVELOPMENT:
Status: Optioned Property
Release Date: 2011
Project Notes: Out to writers.
Contact: Scott Free Productions
Production Co: Scott Free Productions
Distributor: Fox 2000 Pictures
Genre: Biography / Drama / History
Summary: Tracking the lives of the Gucci clan, known for creating one of the elite fashion houses and putting its stamp on the fashion business over the course of decades.
News:Scott Bags Gucci Biopic
Current rank: 21,915
Filmmakers: Ridley Scott - Director Producer,
Andrea Berloff Writer (writer),
Charles Randolph - Writer (screenplay),
Giannina Facio - Producer
Cast STARmeter™
Leonardo DiCaprio ... Maurizio Gucci (rumored) 13
Angelina Jolie ... Patrizia Reggiano
Your question has 2 answers...
First Part is IMDB will only post data that they have verified is accurate.
They do extensive checking before attributing any projects to particular stars, directors, producers, etc...
Second, as far as I am concerned, enough DD has been done by pilot and others to show this is THE Gucci project, unless you are suggesting that there are multiple deals going on to produce this...
Doubtful to the point of being silly...
IMHO, This is our Gucci Project. You have to do your DD to believe that as well...
GTLA...
You could be right and I was certainly not trying to be negative about signing Jolie, but in the past on these types of stocks, I have seen small jumps when signings happen and much bigger ones when production starts. But every one is different.
Of course, most of those that I watched or was part of were much higher in starting pps value than we are here and even a 'small' jump for this stock could be huge...
It will be interesting to see what happens as things start to develop and the real casting begins...
BTW, I also heard that as far as Jolie goes, this apparently HAS been signed. She is being attributed as being "In the cast" but they are not stating which role yet...
See link:
http://www.imdb.com/name/nm0001401/
The Gucci project is listed as "untitled", but is in her bio...
All IMHO and GTLA...
Where do you see this as "inked" & confirmed???
I see nothing in any press releases from the usual Hollywood sources. I made a few calls and Nothing. I am being told there is no signed deal yet.
Signing Jolie does not do much for us at this point, just a stepping stone. Until production starts, not much will happen. They keep saying this is scheduled for 2010...
We will not get any news until something happens. I don't think anything has yet that would affect us or the pps, but it's getting closer...
All IMHO and GTLA...
A/S will go from 3,000,000,000 shares to 1,800,000,000 Shares.
Not quite a half in reduction.
O/S MIGHT be reduced if they decide to at a later time... Typically this means No...
Current O/S as reported here is now 998,677,620 shares
Not sure of the current float...
The reduction to the A/S may not do much since we are still talking about 1.8 Billion shares are authorized.
Reducing the O/S would do a lot more...
This is being touted by a few of the penny stock groups so it is getting some exposure right now.
Worth watching... Just be careful and ready to jump in/out Quickly...
All IMHO and GTLA...
Because of this post and some of the subsequent posts on Yahoo, I spent over 3 hours on the phone today about this issue...
I started with the premise that comments like "restricted from transfer due to reorg" on Any computer system at a Broker, if that "Reorg" had not been already announced and Public knowledge, would be a pretty Serious violation of several SEC Insider information rules. I am not totally inexperienced in this area and worked for a Big 5 (at that point it was still ‘5’).
Now I am Not a big SEC fan, not something I hide either, but they are all we have at the moment so it is what it is...
So I started by calling the SEC and explained exactly what I was after and only about 5 minutes later spoke to someone who agreed to talk to me. He said, although they could not comment on any specific company or stock, talking about general rules would be fine.
I had already given him that someone was posting "restricted from transfer due to reorg" was on Wachovia's system as a reason they would not transfer his stock to TDA.
After he stopped laughing, he said "If any Broker actually has this posted on their system, I would be very surprised"...
I asked him to elaborate and he said that "if any Broker had Knowledge of some event as serious as a "Reorg" occurring at a publically traded company and released this info, they were in violation of several SEC regulations”.
I asked if the SEC had specific regulations regarding what notes a trading house could put on their systems as notations and he said that they have lots of “Guidelines” about how things should be expressed, especially if that info could make it to the general public. He then said to keep in mind that if this particular ‘notation’ really existed on a computer system and was divulged to customers, it could have Serious impact on the trading of a stock and he does not believe that such a notation exists.
He was really curious and asked if I had ‘Officially’ reported this yet and I said I had not. He directed me to the link where I could (and he said “should” report this) for investigation and I did in fact report it online.
While I was doing this I kept the conversation going and he went further by stating “If Any company had insider knowledge of an event such as a “Reorg” and divulged that info to Anyone in the general public, that is just about as bad as it gets from an SEC standpoint. That someone from any Broker would have access to this knowledge and tell others over the phone is the very definition of “Insider Trading” and would result in Serious repercussions for that Broker and possibly any clients that acted on that information.
I then called the alleged source of this info. Wachovia.
This took Much longer than my call to the SEC. That is partly due to the fact that I am not a ‘customer’ of theirs and it took me over 90 minutes and 9 people to get some answers. I made it clear that I was Not going away and I finally ended up in their Compliance Dept. I laid out that it was being stated online that Wachovia was publically stating to people calling their broker services that SPNG shares could not be transferred because the System stated "restricted from transfer due to reorg" and that I have reported this fact to the SEC.
I was told by 2 people that there was No such notation on Any of their systems and they suggested that I be very dubious of Any information posted on public financial boards. I assured them I was ‘dubious’ and that was the reason I was calling, to verify that info before acting on it…
We talked and one of them said that the reasons for issues in the transfer of shares to another Broker were different in each case. It is fairly common that some stocks would transfer right away and other take more time, especially Penny stocks, or any stock, having issues at that time.
I kept asking questions and he said that stocks in a “Q” status and “Grey” stocks are handled differently than other stocks for various reasons. I asked about SPNG specifically and he said SPNG has not changed status since the day the “E” designation was removed. He could not tell me why this person had the issue but since I was not the person having the issue, would not speculate further.
I asked again about the mentioned ‘notation’ and he once again assured me that no such notation existed and Wachovia would Never divulge such info to the public since that information could be misconstrued by the public and cause issues for both the company in question and Wachovia.
Just for Fun I asked what would Wachovia do if they were in possession of info that would suggest a “Reorg” was imminent or in progress? He stated that the internal rules for Wachovia were totally clear and Everyone received training yearly on this subject.
They made it clear that they believed No information that could be even remotely construed as “Inside” info could or will be divulged to the public and if anyone became privy to such inside info had internal avenues to report it.
He asked me to send links to these reports to them and I did so.
My conclusion to this is there is no such notation on Wachovia system. I worked for KPMG for a while doing computer systems audit work and I can say that companies are Maniacal about compliance and even I had to attend Quarterly classes/seminars on what was/was not appropriate to tell customers.
I take away that it is very easy to confirm or refute Any info published on these boards. All it takes is the time to do it… Believe nothing of what you hear and half of what you read…
IMHO, All the talk that came as a result of this posting is total garbage, but it started all the talk and that was the true intent...
All IMHO and GTLA
You created this ID on IHUB Just to Bash PHEF...
It serves no other purpose since this is the only stock you post on.
You ask if Ed cares about the PPS while You obviously Do Not posting crap like this! You accuse others of 'BS' when it's you doing the bs posts.
One has to wonder if you even own any of this and, if so, why keep bashing... So why are you here at all??? Trying to bring the pps down maybe???
If you are trying to "save us all", save it for yourself...
I do not know what others did here, but I bought at .0001, sold half at .0003, bought at .0002, sold half at .0004 and now I am holding all free shares and made a good profit.
If you lost money here, then, IMHO, you need to get better at investing instead of worrying about the rest of us...
Also, Fox (or any other movie studio or production company) would never tell you what non-publicly disclosed projects they are working on, they always leak out at some point but you would never be told until they want you to know.
However, there sure is a Lot of talk out there for a project that is not happening...
http://nymag.com/daily/fashion/2009/10/angelina_jolie_in_talks_to_sta.html
http://www.fashionologie.com/5771794
http://www.movie-moron.com/?p=9914
I will go back to your first post you made in March where you stated;
"TIME TO MOVE ON PEOPLE NOTHING TO SEE HERE!"
Please... Move On to something else and let the rest of us make our own decisions about where and when to invest here...
Awesome DD and a great read too! Thanks for the work on this...
Been holding on to shares for a long time and added more at 0001 & 0002 back in May/June. Sold enough to get back my original investment and all the rest I can sit and hold forever until the movie is made.
This will pop several times, once when anything is announced about movie production getting going and, obviously, again once it previews... If some of the rumours are true about the casting of certain roles, this will be a hit no matter how good or bad it is... AJ is still Hot regardless (and maybe because of) of her personal life...
I'll go see it just to see her...
All IMHO and GTLA...
I try to tell people, but do they listen??? LOL...
And no, as you suspect, I am more the type to do something, or at least call someone who can, than sit back and just watch or just post endlessly about it...
This is just going to keep being entertaining and eventually make some a lot of $$$... Me included... Tick...Tick...tick...
Everything is IMHO... GLTA...
Don't worry, they Are being investigated... Regardless of whether they find anything wrong at SPNG, others outside the company are under investigation including the sources of much of the trouble... This is taking on a whole life of it's own now.
What happens here will eventually surprise everyone. Well, almost everyone... Some people spreading crap should be careful on this one. Ticking bombs eventually go off...
All IMHO and GTLA...
What DOJ Criminal charges or arrests???
Because of the ridiculous statements made by some on this board I have started making calls of my own and there is no current DOJ Anything on Spongetech as yet and may never be.
The SEC has only stated the following:
"The Commission temporarily suspended trading in the securities of SpongeTech because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the amount of sales and customer orders received by SpongeTech, investment agreements entered into by SpongeTech, and SpongeTech’s revenues as reported in its financial statements."
That's it. Big Whoop... That is the Entire case against SPNG so far to date. The DOJ has not even been called into this. Do you understand how many SEC suspensions there are yearly? And how many of these actually go further than One Suspension?? Practically None.
By my count there have been 187 suspensions so far in 2009 alone and I have only found Two so far that has any ongoing investigations.
Here is the list of suspensions:
http://www.sec.gov/litigation/suspensions.shtml
Many of those listed are lumped in on one suspension order (strange how the SEC does this...)
So IMHO, there are No DOJ investigations ongoing Against SPNG to date, however there are at least 2 filed complaints Against the SEC with the DOJ in how they have handled the SPNG matter so far and calling for an investigation into how the SEC is conducting this investigation. I doubt these will go anywhere either, but people want to know Why the SEC took this action and what, if anything, is coming next.
All I am saying here is If there is something more, the SEC should come out with it. If not then they need to say that as well (which will Never happen either, but it should...)
Just letting this go on and on does Nothing but keep the rhetoric going on this board...
All this is IMHO and GTLA...
These are the posts that are most disturbing...
You state with such finality that "SPNG is a scam".
Not only do you not really know this, but you do not even have the decency to say that this is Your Opinion and Not based on Anything Factual.
I said it before and I will keep saying it, Everyone is innocent until Proven Guilty. Nothing I have seen so far constitutes proof of anything, Certainly not the Nothing Statements made by the SEC so far (except perhaps that the SEC is Truly Inept and possibly worse) Hell, they have not even said what may or may not have been done wrong yet, just that "We are Investigating"...
If they had anything real, they would have put it out already.
BTW, if someone "Loads up" because they think this will head back above .10 or more, that is Their business not yours.
Is this not why we are all here??? To make $$$??? Why are you here??
This is all IMHO (like your's is) GTLA...
You are Kidding right???
All this talk regarding the so-called SEC "investigation" would be incredibly funny if it were not so pathetic.
You do understand that the SEC is the most totally and hopelessly inept US Government agency ever created???
Many even believe they are so thoroughly corrupt that a complete wash of the entire staff is the only solution, which will Never happen, but the fact that many believe this is the only solution is a bad enough statement.
The SEC has missed SO much, (Madoff, Lehman just to name the most recent cases) that I have no reason to believe Anything that comes from this organization.
Here is one person's slant on the SEC:
"Simply put, there is now an abundance of evidence that at least one of the “big three” ratings agencies is corrupt to its core. However, this report also provides yet more evidence that the SEC is also rotten to the core. When a regulator won't initiate investigations on its own – even during the most rampant wave of mortgage and securities fraud in the history of markets and it also ignores any and every “whistle-blower” who tries to report such fraud, there can be no justification for allowing this bureaucracy to remain in existence."
http://seekingalpha.com/article/164405-sec-ignored-warnings-of-ratings-fraud
And another:
"As I said, Markopolos warned the SEC about Madoff in 1999. He then met with an SEC official in 2001. Markopolos refused to back down from his stance that Madoff was a fraud, sending a damning document to the SEC in 2005. Acting in part on information supplied by Markopolos, the SEC once again investigated Madoff in 2007 and didn't find any evidence that he was operating a "Ponzi scheme".
You really have to wonder what happened at the SEC. How could they not have realized that this was a "Ponzi scheme"? I mean - it WAS a Ponzi scheme! Surely the SEC would have realized this after turning over a few stones at Madoff's operation. Was this negligence at the SEC, or something more sinister?"
http://www.davemanuel.com/2009/01/09/harry-markopoulos-completely-nailed-the-madoff-fraud-but-the-sec-did-nothing/
The SEC has also been accused of pulling the trigger way too early in some investigations while totally blowing others. Whether the reasons for this are ineptitude or corruption is totally besides the point. Nothing the current incarnation of the SEC can be believed or relied upon as either truthful or unbiased, which is what I want in an Oversight body.
"Innocent until Proven guilty" is not just a saying, it's our way of life.
I have yet to see anything but hearsay and supposition on this. Until Much more information is released or the DOJ becomes involved and starts indicting people, I reserve my judgement on SPNG.
All this is IMHO. GTLA still in this one...
The Ultimate Mystery Novel, Who-done-it... Better than 'Clue'...
Maybe Col Mustard did it? Or was it Miss Scarlett after all???
Soapy being back (to me) is a good sign...
Other rumours in back channels are circulating...
All IMHO & GTLA...
Wow... He's Baaaaaaaack...
Hi Soapy B...
Interesting... Very interesting...
Maybe some of these back rumours are true then... hummmmmm...
You are right, it's based on Something for Sure...
No One would buy this much stock, especially this person in these conditions, if they did not know something was coming...
All IMHO... GTLA...
No back... A/S Might be that big, but not the O/S...
I'd be surprised if the O/S was much different than it was, especially with these big Pike buys...
We will all know once the 10K is out. Soon I would think...
All IMHO. GTLA...
If you make the Search 2 words (Sponge Tech) instead of one it works:
http://www.sears.ca/gp/search/ref=sr/180-8647035-2208153?index=marketplace&page=1&sn=1&size=24&searsBrand=core&field-keywords=sponge+tech
Nice Find! Thanks for that...
Cheers All,
TheGoodlifeGeo
I think most are still in the pre-takeoff buying stage...
I picked up another 500K yesterday and 200K this morning at the open and am way up on this now.
There are always reasons for this kind of sustained buying.
Ground floor opportunity here IMHO...
Cheers All,
TheGoodlifeGeo
You basically hit the nail on the head...
I will add this;
Sarissa Owns the Nemegosenda property.
The Nemegosenda Property has Massive quantities of Niobium & REE's.
The total value of these materials is in the tens of Billions of $$.
The only thing stopping this from beginning operations is gaining full NI Compliance and they are now one step closer to that goal with the first NI report.
IMHO, Once the next round of drilling totally confirms the total value of assets in the Hawke Zone, Sarissa can then start mining operations (with or without a JV, depending on how they want to do this).
We all knew this would take a long time to get going, but I actually believe we are closer than many think.
Scott indicated an 18 month timeframe for completion of All new drilling currently being discussed for proving resources for All areas of Nemegosenda, but this could be done in phases with the Hawke Zone being completed much earlier and mining beginning there, then continuing the drilling/Assay's for the East zones in conjunction with this.
No large Mining property like this one anywhere is completely Assayed out in advance. It is always staged out as they grow.
I am Long here (until it happens...) and have been going on 2 years. All is IMHO.
Cheers All,
TheGoodlifeGeo
I think this is holding either because Mark S is now Talking about this again or because someone knows something out there that we do not (yet).
When I emailed him a year ago asking if there would be any new developments or if I should move my investment to something that may return some near-term profits he replied he had nothing to report in the near future and that holding on for a year or longer for new developments was entirely up to me and if I were willing to let this investment sit.
I am patient (well, mostly anyway...) and have several Longer term investments so I left my shares alone and just let it sit.
A year has gone by and now he is responding to me and others here with "we will release news when there is something worthwhile to release".
I received the same reply, so I replied back asking if something has changed since I first emailed him a year ago. He replied that he cannot comment...
I like that response. Who knows, May be nothing, May be something. I have waited this long so I may as well wait some more...
All info is IMO and everyone has to decide for themselves...
Cheers and GTLA,
TheGoodlifeGeo
You know I was browsing through posts on all the boards I follow today and someone posted a sentiment.
It was if you bought stock in a company, you own a piece of it. You have made an investment in the outcome of whatever that company is heading towards... I believe that makes us all responsible in some ways to help the company succeed.
This company is heading towards $10+ Billion, from what we already know, in just Niobium alone and in all likelihood much, much more than that in other resources. I think the total value of just this one property will blow away any and all estimates that are being posted here...
If you have been long in this since the beginning of Scott's reign, then you are already probably in it till the major payday.
For all those who came later, and there and many of you I know, you probably know just how big this one will be, but I will say it anyway...
IMHO, This one is the Biggest of the Big. The Grand-Daddy of all the Biggest that ever were. Others are throwing out their speculation on numbers, so I will not, but suffice to say that as Sarissa works through the process this will go up through the PPS ranks like few stocks ever do. Many people have already made a lot of $$ of this one, but that is nothing like what is coming.
I have been in this since Sept 2008 and will be in it until it's inevitable conclusion. I think this could go beyond where anyone thinks it can...
All this is IMHO.
Gook luck and Cheers All,
TheGoodlifeGeo
"I look to the future because that's where I'm going to spend the rest of my life."
-George Burns, [At age 87; he lived to be 100]
Wow! This is Very Interesting...
Great post as usual Go!
Cheers,
TheGoodlifeGeo
And here we are right back at .13
Guess his TA is really broken... lol...
Cheers,
TheGoodlifeGeo
"Never give in! Never give in! Never, never, never. Never -- in anything great or small, large or petty -- never give in except to convictions of honor and good sense."
-Sir Winston Churchill
If Anyone starts to believe a review from someone calling themselves "Orlando G. (Great) Clip" they are too stupid to invest...
JMO
Most of the reviews are positive anyway. I have the car kit and it works great for me...
Cheers,
TheGoodlifeGeo
No, there is no chance this is all lies...
Many people have actually been to the site and seen it for themselves.
Some of us have been on this company since 2008 (me for one) and have considerable investment here...
Don't worry about being new and asking questions. Questions and DD are what make you profit in the world of Pinks...
Cheers,
TheGoodlifeGeo
"People seldom refuse help, if one offers it in the right way."
-A. C. Benson
Hey Go & All my Long friends out here,
So the (first) NI Report is finally out. And What a Report!
I'll start with an opening comment by John C. Archibald:
"It is my opinion this property has sufficient merit to justify the expenditure of the amounts indicated by the two phases of work recommended shown in the back of this report."
I know it is just a rehash of what many people have been saying, but it is nice when the experts state for the record that this property warrants further study.
Environmental concerns were addressed in the report as well:
"The adit is stable, solid and open right to the back with the old rails still in place, painted markings and survey points still visible.
Sarissa Resources Inc. is unaware of any other environmental issues within the property other than the existence of the adit that was placed historically by Dominion Gulf in the late 1950’s. The historical trenching and outcrop stripping that was done by Dominion Gulf work in the 50’s and Musto Exploration in the late 1980’s is now slumped in and non-hazardous state. Potential runoff from any new trenching and road work within 120 meters of the lakeshore has been mitigated with silt dams, re-seeding and other reclamation procedures in coordination with the Ministry regulations.
Basically, there are no real environmental concerns at this time.
They also are covering the sometimes subject of the Native People's wishes for the land they are working:
"Sarissa Resources Inc. is in compliance with the wishes of the Traditional Land Owners in the area and corresponds frequently with both the local native bands and the Ministry of Natural Resources and MNDM over any issues that may arise. Once the project starts up, the corporation will be maintaining a certain quota of indigenous personnel on their work roster for the programs they wish to conduct."
Practical (financial) Points:
"A block model of the results from these nine drill holes indicates a resource of some 11,000,000 tonnes of 0.46% Nb2O5 (12,127,500 tons at 0.46% Nb2O5) Sarissa’s re-estimation (2009) using just the ’D’ Zone block modelling by Alan A. Hawke BSc./MSc., of 45,265,343 tonnes grading 0.43% Nb2O5 of which 46% of the calculated blocks contained greater than 0.50% Nb2O5 for a minimum of 20,022,058 tonnes (translated to tons this drill inferred resource compares to 49,905,041 tons at 0.43% Nb2O5 and 22,074,319 tons at 0.50% Nb2O5 respectively..."
This pretty much sums up what we have been saying all along; That the Nemegosenda property is a World Class mine and can produce a World Class amount of minerals, starting with but not limited to, Niobium.
If we Only had the inferred results of 49M Tons of .43% and 22M Tons at .50% of Just Niobium for this block section in Zone D this would be a Huge mine, but we know this is far from all we have here.
We also know now that Sarissa contracted multiple companies to Prepare and Assay the samples taken all supervised by Alan Hawke. Samples and Duplicates were assayed to ensure accurate results.
"Core samples were delivered by Sarissa’s geological consultants to Swastika Laboratories where the samples were crushed and prepared for testing. Mr. Hawke inspected the sample handling and preparation procedures. Swastika then sent the prepared samples to Assayers Canada in Vancouver for assaying. Reference samples and duplicates were run by Assayers Canada."
Next thing that impressed me was the Magnitude of the property owned & controlled by Sarissa. I always knew it was big but to see it really shows just how big it is:
"The property held by Sarissa Resources Inc. comprises 757.759 hectares of Patented Claims in Chewett and Collins Townships and 1152.304 hectares of un-patented mineral claims in Collins, McGee and Chewett Townships that are primarily covered by Nemegosenda Lake."
The map shows just how big the claim areas are and considering the mineral potential of the land here it is becoming ever more clear that the small section formally known as 'Zone D', now "Hawke Zone" represents only a fraction of the economic potential of this property.
All in all the report was quite thorough and detailed. It gave us all a more detailed picture of all the work that has gone into bringing this as far it has in the past 18 months. The recommendation section details the further drilling that Sarissa will need to do to get a complete & accurate picture of the economic potential of this One property in Sarissa's portfolio. And we have to remember they have other properties as yet unexplored...
Unlike some other's with somewhat pessimistic attitudes towards Sarissa's potential here, I believe with the need of the mineral resources that are available in the Nemegosenda property will dictate bringing this in as soon as it is possible to do so. We have only a small idea of the Billions that will be eventually pulled out of this property.
Remember that the people most intimately involved with this are all too aware that life is not an infinite resource and time should not be wasted. They want this to be a success as much more than any of us out here...
Cheers All,
TheGoodlifeGeo
You don't have to be great to get started, but you do have to get started to be great.
-Lee J. Colan
I know. It looks Very Cool!
I also want to know exactly when Thru the Moebius Strip is coming to theaters... I want to see this on a Big Screen...
Cheers,
TheGoodlifeGeo
Another film coming from Empire:
http://www.empirefilmgroup.com/inpreproduction.html
HAVANA HEAT
ACTION ADVENTURE THRILLER
Havana Heat is currently in pre-production with a scheduled start of principal photography in early 2009. The Movie/Pilot will film in Cartagena and Bogota, Colombia. All locations for the project have been confirmed through several pre-production location scouts. Key personal and crew have been engaged for the production. Ken Gord has been named as Line Producer on the project. Ken is one of Canada’a leading producers having produced five seasons of the cult hit “Highlander” and seasons on Queen of Swords and Relic Hunter. Offers to star talent are currently being negotiated.
Tayrona Entertainment Group is a full-based Entertainment Corporation with operations in Los Angeles, Miami, Toronto, Cartagena-Colombia and other locations worldwide, where the company provides a broad range of production equipment, services, and experienced crews to produce feature films, tv shows, commercials and music videos at preferential rates in all areas of development, pre-production, production and post-production including talent agencies, construction, rental companies, catering suppliers, local accounting firms, props supply companies, shipping companies and others. Tayrona Entertainment Group has access to the lowest and most efficient labor rates, equipment rental and favorable exchange rates on Colombia.
Tayrona founder James Ordonez has provided financing agreements and production services to high quality Hollywood films and TV shows for over 20 years in the market place. He has been involved in various capacities with films including “The Mission” starring Robert de Niro and Jeremy Irons, “Cobra Verde” directed by Werner Herzog, “Chronicle of a death foretold” directed by Francesco Rossi, “Nostromo” starring Albert Finney and Colin Firth, “Proof of life” starring Russell Crowe and Meg Ryan, “The Dancer Upstairs” directed by John Malkovich, “Reversal of Love” distributed by MGM and “Love in the time of Cholera” directed by Mike Newell. “Love in the time of Cholera” was filmed in Cartegena will be released by New Line Pictures in November 2007. More information on the company can be found at www.tayronaeg.com.
Storyline - Havana is a mysterious, sensuous city with gorgeous architecture, white Caribbean beaches, hot, pulsating music, vintage American automobiles and some of the most beautiful women in the world. Our hero, secret agent Sean Franklin (early 30’s) finds himself in Havana after several of his ex-partners are murdered in Barcelona and London. The Havana agent is David Prescott and, wounded in the attack, he is desperate for Sean to help him before the killers return to finish him off. Sean had sworn after the murder of his wife three years ago that he would never again work for the I.S.A. (International Security Agency). He blamed himself and the Agency for her death and had become a recluse on an uncharted Caribbean island. Now Sean cannot turn his back on his old friend and agrees to work for the I.S.A. one more time.
His partner is the gung ho Brenda Evans (mid 20’s). Brenda is fresh from the academy and although she graduated at the top of her class she didn’t make many friends. She is all business – as deadly as she is beautiful. Rounding out Sean and Brenda’s team are Cuban beauty Rachel Rameriz (mid 20’s). Rachel owns the local hot spot Mojito Club. It’s used as a meeting place for the team as well as the foxy young Cubans who go there to dance to live salsa bands. Rachel is a trained agent but her most important asset is being inside the Cuban “scene”. Ex-supermodel Nicole (30) runs The Havana Production Studio. The studio serves as a front for the I.S.A. field office and Nicole is an expert at using its state of the art equipment for intelligence gathering and creating false documents.
Cheers and GTLA,
TheGoodlifeGeo
Premier of War Eagle:
http://nwanews.com/nwat/News/77307/
After spending a year on the film-festival circuit, "War Eagle, Arkansas" made its world premiere in Fayetteville on Thursday night.
The movie portrays the friendship between two residents of War Eagle, an able-bodied athlete named Enoch Cass and his wheelchair-bound friend, Wheels, who has cerebral palsy.
Both the stars of the award-winning motion picture and the real-life characters they portray met with fans during a reception at Shogun Japanese Steakhouse prior to the film's debut.
"A lot of people have clichés about the South, but I knew they weren't true," said Dan McCabe, the New York-based actor who plays Wheels. "Everyone has been welcoming."
After the movie's debut, which took place at the Malco Razorback Cinema, the gala featured a postviewing question-andanswer session. All money raised went toward United Cerebral Palsy Arkansas.
"All the money stays local," said Jennifer Watts, the organization's spokesman who helped coordinate Thursday's premiere party. "We recently lost more than $50,000 in funding due to the economy, so this will help out a lot."
Prior to starring the in the film, McCabe said he'd never known anyone with cerebral palsy. He got into character by researching the disease, watching video footage and meeting with the real-life Wheels, Tim Ballany.
"We hit it off right away," he said. "I paid attention to his mannerisms, his routine and his physicality. He so sharp and animated. After a while, you didn't notice the wheelchair was even there."
McCabe said the movie focuses on Ballany's relationship with Vince Insalaco III, who is the real-life Cass, rather than Ballany's disability.
It was Insalaco's father, Vince Insalaco II, who produced the movie and brought it to life. He partnered with screenwriter Graham Gordy.
"Coming from outside, I had reservations about writing the movie," Gordy said. "I didn't know much about cerebral palsy. That all changed after I met (Ballany) for the first time. I knew right away that the movie would have nothing to do with his disability."
Since its completion, the movie has been making its way through the film-festival circuit, taking top honors at festivals in Connecticut, Sacramento, Calif., Breckenridge, Colo., and at the Little Rock Film Festival.
The film stars actors Brian Dennehy ("Righteous Kill"), Mary Kay Place (HBO's "Big Love") and James McDaniel ("NYPD Blue"). The movie also stars actors Luke Grimes (ABC's "Brothers and Sisters") and Mare Winningham ("Swing Vote").
Vince Insalaco II said the movie aims at removing the stereotypes associated with cerebral palsy. Though the disease affects people differently, Ballany's character, Wheels, is purely affected physically.
"It's just about two guys who take care of each other," he said. "They're lifelong friends, one just happens to have a disability. The disease is rarely even mentioned in the film. We wrote it into the script because that's who the real character is."
EFGU has this one out now and other films ready to go.
Could be ready to go... Don't wait too long...
All IMHO.
Cheers and GTLA,
TheGoodlifeGeo
"War Eagle Arkansas" Movie Makes World Premiere in Fayetteville
http://www.kfsm.com/news/kfsm-nwa-war-eagle-movie,0,5438402.story
"War Eagle Arkansas" is set in the heart of the Ozark Mountains and based on a true story. It's a story that has already touched the hearts of thousands.
"It's a remarkable story about friendship about the need to take care of each other," said the film's Producer Vincent Insalaco.
For Insalaco this movie is also about family.
"The story is based on my son but in the film, the character is called Enoch," said Insalaco.
In real life, his son's name is Vincent who grew up with a debilitating stutter. His best friend Tim, called "Wheels" in the movie, has cerebral palsy.
"My son has a stutter and Tim was in a wheelchair. You know it's like they didn't do real well seperately, but together they made a whole person," said Insalaco.
In the film, Enoch faces a big decision; Whether to leave "Wheels" and his family behind for a career in baseball or stay in his hometown.
The cast is packed with stars including Emmy winners Brian Dennehy ( "Righteous Kill"), Mary Kay Place (HBO's "Big Love"), and James McDaniel ("N.Y.P.D. Blue"). Along with Oscar nominee Mare Winningham ( "Swing Vote"). Luke Grimes ( ABC's "Brothers and Sisters") plays Enoch and Dan McCabe plays "Wheels".
"Some of it will, it's fall out of your seat funny, particularly for teenagers, but then there's a real serious side to it," said Insalaco.
The movie will premiere tomorrow night at the Razorback Malco Theater in Fayetteville at 8:00 p.m. For more information on the movie or to see if tickets are still available, call 479-957-2022.
The movie will be released to the rest of Arkansas, Memphis, TN, New York, Los Angeles, Chicago, and other key cities nationwide on June 12th.
Copyright © 2009, KFSM-TV
Cheers and Go EFGU,
TheGoodlifeGeo
"Shareholders of Washington Mutual Breath a Sigh of Relief"
New article on WAMU:
Shareholders of Washington Mutual Inc. Breath a Sigh of Relief
4:28p ET June 4, 2009 (PR NewsWire)
For the last eight months, Washington Mutual Shareholders (WAHUQ, WAMPQ, WAMKQ, WAMUQ) have been hunched over their computers, trying to keep up with voluminous information about the Washington Mutual Inc.'s forced bankruptcy, when WAMU bank was seized and sold in what shareholders perceive to be a hostile takeover by JPMorgan Chase of the well capitalized WAMU bank.
The counterclaim filing in Federal Court in Washington D.C. on May 29, 2009 has shown their diligence is paying off. It appears more clearly now than ever they will recoup their phenomenal losses from the lawsuits filed regarding this case. Shareholders have seen the share price increase dramatically since the seizure of WAMU bank in September of 2008, when it dropped nearly to zero, and anticipate further upward movement due to the excellent attorney teams that are representing WMI. They are quite pleased with their attorney representation in this matter.
The 335 page filing in court by Elliott Greenleaf and Quinn Emanual Urquhart Oliver & Hedges, LLP is detailed and comprehensive, bringing up all the points shareholders have been discussing for months. A copy of the court counter claim filing is posted on www.wamustory.com. The prayer for relief which begins on page 132 has 18 specific counterclaims. They are demanding fair market value for the assets that were seized, restitution in an equal amount to JPM's unjust enrichment and multiple other significant monetary damages. Their demand for payment of patent and trademark infringement alone, are treble damages of $6 Billion. They have demanded a jury trial in this matter.
Shareholders have gathered at websites such as www.wamucoup.com (950 members) www.wamuequity.org (796 members) as well as yahoo and google financial sites, to share their "due diligence" with each other over the last eight months. Shareholders should register their shares at www.wamuequity.org to give more strength to their fight for an Equity Committee in this case. Shareholders feel an Equity Committee is their best protection.
Weil, Gotshal and Manges, under the leadership of Marcia Goldstein, have put together an excellent team of attorneys that read like a "who's who" list of the best and brightest firms in the country. Shareholders will continue to watch everything in this dramatic and complex case.
SOURCE www.wamuequity.org
http://www.wamuequity.org
I received the shareholder letter in my email.
Here is a copy:
68 Cumberland Street, Suite 301
Woonsocket, RI 02895
Tel.: (401) 762-0045
Fax: (401) 762-0098
inewmin@multicelltech.com
May 27,2009
RE: Special Meeting of the Stockholders
Dear Fellow Stockholder:
Enclosed with this letter is a Revocable Proxy card ("Proxy") that asks you to approve four
items that management deems essential to the continuing operation of MultiCell Technologies,
Inc. (the "Company"). Management is in favor of all four items and kindly asks that you promptly complete and return the Proxy with your "FOR" votes.
Item 1. To elect directors to serve for the ensuing year and until their successors are elected.
The current board includes Tony Altig, Stephen Chang, Tom Page, Ed Sigmond and myself, Jerry Newmin, all of whom have agreed to stand for re-election. We are proposing the same slate for the coming year, and recommend that you vote FOR all of nominees.
Item 2. To ratify the selection of Hansen, Barnett and Maxwell as the Company's independent public accountants for its fiscal year ending November 30, 2009.
The Company's Audit Committee elected to change the Company's independent accountants to Hansen, Barnett and Hansen for the fiscal year ended November 30,2008.
We are proposing that you vote FOR ratifying Hansen, Barnett and Maxwell as the Company's independent accountants for the fiscal year ended November 30, 2009.
Item 3. To amend the Amended and Restated Certificate of Incorporation, as amended, to effect an increase in the number of authorized shares of the Company's common stock ("Common Stock"), to 475 million shares of Common Stock.
La Jolla Cove Investors has been investing in the Company over the course of the past year. Although these investments have provided much needed working capital, the issuances to La Jolla Cove Investors has increased the number of outstanding shares of the Company significantly. Accordingly, in order for the Company to continue accepting much needed investment funds from La Jolla Cove Investors or other investors, in exchange for selling shares of its capital stock, the Company must increase the number of authorized shares of its Common Stock. Your board of directors is recommending that you vote FOR the Amendment to the Amended and Restated Certificate of Incorporation to increase the number of authorized shares of Common Stock from 200 million to 475 million.
Item 4. To amend the Company's 2004 Equity Incentive Plan, to increase the aggregate number of shares of Common Stock authorized for issuance under the Plan by 25 million shares.
The Company has no shares available under its 2004 Equity Incentive Plan. Upon the approval of the increase to the number of shares authorized under the plan, the Company can, from time to time, utilize the shares to grant stock options and to issue Common Stock to the Company's employees, and consultants, including its officers and directors, in connection with their providing services to the Company. Your board of directors is recommending that you vote FOR increasing the number of shares available under the
2004 Equity Incentive plan by 25 million shares of Common Stock to 25,109 million shares of Common Stock.
The Company will hold a Special Meeting of Stockholders at 1:00 pm on June 25, 2009. This meeting will be held at the offices of Wilson Sonsini Goodrich & Rosati, PC, located at 12235 EI Camino Real, Suite 200, San Diego, California 92130. Additionally, those willing to attend the meeting by teleconference may do so by using the following dial-in number: 1-800-891-6979. Please complete and return the enclosed Proxy if you do not intend to attend the
meeting.
Please call me if you have any questions or require more information.
Thank you in advance for your support.
Sincerely,
W. Gerald Newman
Chairman and Acting Chief Executive Officer
Scott and Sarissa do not put out news PR's without real news.
We have seen this over and over during the past 18 months and I do not expect this to change now that we are so close to the first (of many) Huge goals of this company, to put out this NI report.
And IMO, mining companies are Always "hush hush" especially when it comes to something as big as this is...
We are really, really close here & I think we will all know soon.
What a week and more to come!
All IMHO.
Cheers All,
TheGoodlifeGeo
Today was the deadline for JP Morgan to object in writing to any of the points raised by the attorneys for WMI!
If we do not see anything in the way of a PR tomorrow from JPM then this is Great for WMI.
May 20 & 21st are the next 2 hearing dates in each of the trials.
Cheers and GTLA,
TheGoodlifeGeo
4 days is not so bad. I waited almost 2 weeks last year on another company to get the results PR'd for 3 wells...
They only said it should be this week to get the results, so I am not worried. As long as we get them by Friday.
Gives us more time to buy at a lower pps...
Cheers and GTLA,
TheGoodlifeGeo
This is exactly what I thought about this one all along. If there was debt and I was holding the majority of it, this shell would have been sold 2+ years ago for whatever I could have gotten for it and written off the rest. That is likely the scenerio of what will happen now. Eventually the creditors will get what they can out of this.
Obviously no one can know for sure what will happen here in the end, but the only reason I am here is because I keep hearing something is going on. We all have the goal to make money and I really do not care what reason this stock moves. If this comes back as a new R/M or if someone brings back the original gaming business back after the Internet Gaming Bill passes I will be happy either way.
Like everyone else, I am here to make money.
Cheers and GTLA,
TheGoodlifeGeo
I think that everyone is just standing by waiting for the results... I bought more this morning on the dip and now it'd just wait & see what the news is. Hopefully it comes later this week and is Good!
Cheers and GTLA,
TheGoodlifeGeo