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One, this is on a different board.
Two, only Penson is saying this. Not any of the other companies (etrade, scottrade etc)
Three, It is not actually listed as a non dtcc eligible stock under dtcc's website at all.
On April 28th, MMTE sent a Notification of late filing to the OTC (link: http://www.otcmarkets.com/stock/MMTE/financials ). The anticipated filing date William Lieberman signed was May 5th. It clearly states:
"please be informed that the filing of this notification grants issuers 5 additional calender days to post a Quarterly or Interim Report (which is the report we were waiting for today)and 15 calender days to post an Annual Report."
According to this document, the previous post related to "a conversation with Brian" stating that we had until May 15th for a report is grossly incorrect, and Brian should know better. The post also states that Brian will be conveniently on vacation next week--so we probably won't be getting a PR when their PR guy is away.
I was very confident in this company until just a few moments ago. Good luck everyone.
A PR with a finalized land deal could come at any time, either today,in the immediate future, eminently, or even at the end of this quarter. Either way, having realistic expectations is not such a bad thing. Okoil has obviously been a shareholder for some time, and is still holding.
Okoil is correct in his statement; we are not getting word of a finalized land deal today, but rather waiting for the first Quarterly Report of 2011 to print. This report should give us some indication of the progress we are making.
Let's all remember that the 2010 report came out after trading hours. I would expect this one to come out at the same time. Also, the report will only include financials up to March 31st. We wait patiently, and for those that are unable I bid you good luck. This has been a very profitable stock for many of the longs, but we had the patience to endure months and months of stagnation. The DD done on this board should provide any newcomer with the facts needed to make an informed decision. We will all be there soon enough.
Going to play some poker, where the money is not nearly as assured as here.
Party on Wayne.
Party on Garthe.
With LE#G now over $3, this certainly is an indicator of what is in store. MMTE's share structure is much different, but I agree that 0.33 is not an impossibility (eventually). The difference between MMTE and LE#G is that MMTE has has a very solid chart throughout the past 2 months. The point here is that WL is here to build a solid and stable company for the future, not to make some quick money and run. April showers and May flowers.
Holding strong in the low thirties proves the chart is solid; thank you Phrozt and Working for the great posts today. It would seem that although naysayers may try to downplay the PPS, but MMTE is certainly on the move. Let us also not forget last weekend, when some excellent DD was done concerning possible business ventures and partners. We know that:
-Money has exchanged hands...
-Negotiations for the land concessions are complete...
-10 Billion A/S were added as a part of the negotiations...
-The restricted shares were canceled...
-The net value of the concessions are between 300 and 900
million dollars...
-There has been no dilution despite both Ashrup and Lieberman now
being able to do so...
-More concessions are on their way with tremendous financial
backing (please do your own DD on this, but I assure you--it's
there (hint:see last weekend's posts))...
These are all facts, not opinions
It is obvious that MMTE is purely focused on moving forward, and the fact that there is no push to release a PR and raise the PPS by a few fractions of a cent should indicate to everyone that WL is on to much bigger and better things. MMTE has made good on every forward looking statement that has been made. Our PPS is undervalued, but that simply is an opportunity for savvy investors to come on board. Enjoy the long weekend.
if this information was released in some sort of official capacity, yes. But word of text on a message board....
Patience.
Here is a good place to start...
Joint Canadian/Argentinian and Chilean Mining ventures/companies.
There is a connection here, and everyone needs to be aware of how big this is and why things are taking Lieberman so long to develop.
Good luck to all, and please do your own research--you'll be happy you're still invested in Mammoth.
http://southcarolinabusinesshealthinsurance.com/lithium-mining-companies.
I have not posted in quite a long time, but I do rather enjoy the banter. I have been here since July of last year, and I will continue to do so. In that time, I have seen a lot of questions posted in regards to specific intentions, concessions, land deals, and some very outlandish posts with no basis or merit. I have done my research, and everyone else should too, but please remember that I am not a rich man. I do not invest without knowledge. I was there when MO#N hit astronomical levels after the Gulf oil spill, and since I have solely moved on to MMTE. I do enjoy the banter, and I do enjoy the updates from various individuals, so I wish everyone the best in their endeavors. This is very real, and this will soon be evident very soon. Congratulations to all that had the guts to hold by the end of next week.
Regards,
D Hartmann
Some thoughts...
Yesterday's PR was nothing more that to reassure shareholders that we are moving in the right direction and on schedule. Panic selling on misinformation posted on this board has been detrimental to the price per share and Lieberman's credibility. Everyone, please, relax and let your money work for you.
Please sticky this post. Thanks for the info!
People keep implying in their posts funding, or they heard from someone, or there the land deals are in place already. Again, nothing provable or concrete. just these wink wink statements.
A quick summary for the newcomers to MMTE:
Please everyone, due your own DD before investing and look at the stickies above to guide you in your search. Everything is here. Financing is arranged, LOI's have been done, and only an announcement of finalized deals is next. PR's related to lithium development go as far back as last April, so this has been a lengthy process. Land concessions of 20,000 hectares, or 49,400 acres (simple conversion) are in the works and the ultimate goal, however, the 2 LOI's are for just over 2,000 acres and should be the most recent acquisitions. In reading past PR's on land value estimates and brine concentrations of both lithium and potassium, one acre in the region has a value anywhere from $10,000 to $30.000. Again, some simple math puts the value of the 2,000 acres concessions at anywhere from 20,000,000 to 60,000,000 million dollars---not too bad for a penny stock---and this is only the beginning.
This has already been done, see PR from last August.
StockStars.net - GR WHITE Capital to Advise MMTE on Raising $30 Million (0 points)
Rate this newsletter:
Monday, Aug 16 3:28 AM by Stock Stars
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"After the close Friday, MMTE announced signing an advisory agreement with GR WHITE Capital Ltd. of Toronto, Ontario Canada. GR WHITE Capital will advise MMTE on the raising of up to $30 million for its lithium projects in Chile. GR WHITE Capital is led by Mr. Grant White, the former head of investment banking at Blackmont Capital in Toronto, Ontario Canada. GR WHITE Capital is an advisory services company with a primary focus on natural resource companies worldwide including mining. At Blackmont, Mr. White was head of investment banking where his department was involved in over $1 billion of natural resource and mining transactions."
"stay tuned. we are getting there."
Isn't the legal team cutting through an 11k page contract right now? Not for nothin but crawling up his butt because The law firm in Chile ( which is supposedly the best one there) needs more than a month to cut through it is a little over the top.
The stock is profiting nicely. Let's give him a chance to do his job. All of us who have been here for several months and bought in at the .0003 - .0006 range should be looking at mammoth ( ha ha) profit percentages right now. And those that bought in later, my suggestion is to let them do their job. The only indication that this is anything other than a smart investment ( which btw most of these stock alert / stock watchdog / type investment websites are claiming it is) is the few guys who post once or twice spewing out some doom and gloom then leave.
I would be careful of posting on events that you know nothing about. Let's just call it a gut feeling.
Anywhere from 600,000,000 minimum to upwards of 900,000,000 worth of land deals; 30,000,000 financed with Great White; and an up listing to OTC; all of which point to a minimum of a dime with a very solid base. The PR will come when it is ready. Otherwise, we should be so lucky to get in this cheap, and for those who bought in at 0.0003, kuduos to you all. I do not post often, but when I do things usually take a turn for the best. There is no need to wish everyone good luck, as this is a very solid investment, so I will simply say congratulations. This week should be interesting.
Some simple math for everyone...
31,000 acres x $10,000-30000/acre =
land concessions valued at...$310,000,000 to $930,000,000
Good to see some life on the board again. Buy 5's while you still can.
"Mammoth's lithium concessions consist of 1008 acres in the Salar de Maricunga."
The deal is done. We have the concessions, as worded in the PR released today.
Congratulations everyone!
We'll see. Maybe more, who knows. I have been wrong before though; just ask one of my ex-wives.
AH PR (IMO).
Where did you see this?
I don't disagree.
I would expect after hours PR today or tomorrow on our current progress in Chile and possibly other prospects in South America. Just a hunch, but I haven't been wrong yet.
I don't think today was disappointing at all. The fact that this is holding steady is good, and it means a lot are just waiting for PR on a finalized deal. Stocks that go up fast and high on preliminary news usually go down just as easily.
Between last Friday's AH PR and this morning's PR, we should be able to move a decimal point by week's end. Things are moving along, and with financing for $30 million secured, this deal is all but done. Current market value should be at least 0.004 pps. The financing also means that MMTE won't need to dilute to raise more capitol.
She is. And so is yours.
Called it.
Let's not forget Lieberman's affinity to friday after hours PR's.
We are still way undervalued.
Let's all remember our CEO is traveling to Chile and Argentina this month. A finalized deal brings us over .003, and prospects for more concessions will take this farther than ever imagined. This is an excellent buy, and despite some shady share dumping from an ex-CEO, we are really looking up. Lithium, with all of its uses and growth potential, is not the only by product of the mining. As well, this type of mining is relatively inexpensive. Buying at this price will never happen again after this month. We also need to remember Lieberman's fondness for after hours PR. This week should be interesting...
The boater spill kit has been available for purchase for over a year.
You'll be the third mod since the gulf spill; good luck to you.
Some different attitudes when this was over 20 cents a share. I think we're going to be okay.