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The deal with Kinross is a positive, and this is still a decent speculative play. However, gold stocks are out of favor, and the 10q showed that revenues were down compared to last year. After all the high tech exploration it seems they haven't been able to move closer to the big hit. Hopefully, they can start to deliver a bit more gold in the near future.
What's going on down there in them holes they dug.
So, $10.00
This stock needs more eyes on it. For some reason there is still a seller out there willing to unload at these prices.
Well, I don't give a sh*t at this point what the hell this is. It certainly looks like they will dilute the crap out of this. Hopefully they will be able to pump this thing enough for me to get even. Fully diluted at 400mil this company would be worth 4mil at .01. So honestly, it does not look good. I cannot see this company having revenues that would put this company at say .10 which would then be worth 40mil. I won't hold my breath, but I will wait as always. Could be time to take the loss and move on once this thing starts trading. I am being negative, but right now I have no reason not to be. Guess I'll go train for my next mudding race.
See post #680. There were shares sold, but they were indirect.
What I liked most about the deal was that they were interested in structuring a deal that added value. This was not a lazy deal to just get some money in their pockets. It gives me some confidence that this company is really working to accomplish their goals, and not here to just make a quick buck. I have really changed my opinion about how I am going to hold this stock. I think this becoming one of my longer term interesting prospects.
Well, I look at this deal as good news. Someone either believes or was convinced that there is better gold to be had here. I wish the placement was at a little higher price, and it is dilutive. Although, I like that they are trying to limit that dilution. Overall I think this is a good deal. I added today.
I was well aware of Tariq's jaded history many years ago. Dan was not shy in letting me know about that. It was easily searched. Dan felt Tariq was a good partner despite his past. Besides not getting anything off the ground, neither Dan or Tariq ever did anything unethical involving WNRC that I am aware of. Most of these pennies just get diluted to nothingness, but they did not do that. I think Dan was just not able to execute his business plan, and keep the share structure, which is what he wanted. If I remember correctly, financiers, wanted him to dilute and so he didn't take the money. Although, I was not aware of exact details at any time no matter how many conversations I had with Dan. I was sort of duped like the rest of you. I even made a couple predictions based on info that never came to pass. But again, I think Dan was more or less, incompetent, not unethical. I say that in the nicest way possible. I believe he tried, but just could not find the right combination for this shell.
Now that is the kind of information that is good to know. I was unaware of the conditions of the CEO's shares, and that that there was a royalty agreement in place in 2006. That definitely makes this a better play. I got involved because of of the geological information, and the rising ore grades with an understanding that this might be a one of trade. Maybe I have to re-think my stance here. A little more due diligence is in order on my part. Thanks.
Fair enough. Thanks.
Fair enough. Thanks.
I wasn't really trying to poke at you too hard. I just figure its better to have a good conversation about the company so possible investors looking at this page have the ability to gleam some info. Since you have been a follower for so long, do you have any insight into where you think this company may be going. Or is it just a long term gamble?
I'll give you this. You are one dedicated poster. Even if you don't contribute much information to the conversation. I am a bit cynical when it comes to certain investments, but at least this is a real company that does produce some gold. Unlike many penny stocks. I will admit to buying a bit high and averaging down. If they do see 10+ oz per ton I imagine that the price may get back to above a dollar giving me plenty of room. My suggestion to you is to make a valid argument as to why you are invested in this stock, and why you think it will perform rather than posting short phrases that don't mean anything. GL.
Hard to get excited about a stock at 15 year lows. Even when it was producing over 22oz of gold per ton in 2006 the share price spiked to only $4. It quickly moved down on almost no volume. This stock has actually been up higher than it is now while producing less gold. The Q2 announcement that said they were seeing 5.5oz per ton only saw the share price dwindle further, and it didn't help that the president decided to sell over 100k shares into a thinly traded stock. It will take a lot to spike this stock. You can be sure of one thing. If it does spike I will be out forever. I figure this stock to be a one time hit and run. You can't even make much money because if you buy to many shares you won't be able to sell them all. Still, it should, eventually, pay off, and some sucker can take my shares at a higher price. GL
HELLO........Hello.......hello
DAN..........Dan.........Dan
ECHO.........Echo........echo
OH WELL......Oh Well.....oh well
No market = Wide gap .3101 and .4990
I believe the low share price reflects the low grade of the ore samples relative to the very high grade samples advertised in the presentation. .41 - 5.13 vs 16 in the presentation.
http://ih.advfn.com/p.php?pid=nmona&article=60678574
I figured I would post something so you wouldn't have to talk to yourself in here.
Personally, I think this investment is a crapshoot. Overall, even with decent ore numbers I highly doubt we see prices much over a $1 - $2 based on past performance. From these prices you could make 1 to 2 times your money pretty easily. So roll the dice.
There has been nothing to believe in this past year. Technically, WNRC is defunct in its original form. Currently, there is no underlying company that is publicly known that WNRC stock owns. Effectively, it is just a shell until anything new comes to light. That may or may not happen, but it seems someone who may know more than we do has recently put a small bit of money into this on the hope or understanding that something new is coming. Again, holding my breath right...............
Again, assuming this happens, Yes, in 2013.
Like a lot of you I have been in this thing forever it seems. Yesterday peaked my interest a bit so I did call Dan. As usual he was willing to talk. Per his advice I think I can only be extremely vague so not to go out on a limb. In short the speculation is this: Some time soon, (yes I have a time frame, but that is all I am willing to say) there is to be a change of the board. Dan was not at liberty to say who is taking over or what company they will be promoting. Once the deal is finalized they will put out a press release. I think after the press release, (assuming that happens) I will be more specific about certain things I discussed with Dan. The only thing I will say is that after the change Dan will no longer be on the board. He will just be a share holder like the rest of us. I guess we would have a different contact after that. The hope is that this new outfit will have the ability to pop the share price a bit. Holding breath right.................now. Maybe not. GL.
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
I could hold down the key for more Zs, but that would be giving this too much credit. Don't just do something stand there. I mean err.
And she's off and running. Oh, wait folks, gate didn't even open. We'll have to get some maintenance people right on that.
It would be nice to see the details of the Jackpot deal. That could give us some insight into what these other deals may look like. No time frame given for the other acquisitions either. This is what we have been waiting for though. We'll see if they can execute.
I don't get trades like that. Someone buys $44.50 worth of stock and most likely paid $7 or more for the trade. Why would you do that?
Shows how markets can be irrational at times. Its really only because this is so thinly traded. Makes me wonder what is going to move it though.
Looks better but unfortunately the value of your stock is what you can sell it at. Right now its a a measly nickel.
We might want to think that our little stock here trades in a vacuum, but that is not true. I said before, the entire stock market is, fundamentally and technically, undervalued.
http://wallstcheatsheet.com/investing/are-the-equity-markets-overvalued-or-undervalued.html/
This is a short article about current P/E which I agree with. Personally, I agree that 11x P/E is too low, but what I do know. Lately, apparently nothing.
Nothing like a crappy share price to get longs to start arguing amongst themselves. Hopefully Charles' 5 year time line is not reality. I am still looking for this to make a big move next year, but it may not be as big as I had once hoped if the share price languishes here. Here's to, hopefully, being wrong yet again.
I have to admit this is not at all where I wanted this to be by the end of this year. Instead of retiring millions of shares it almost seems like the float has been expanded if I didn't know any better. While I do not look at TA much for a penny stock, the WNRC chart looks awful, and that makes it harder to get new investors into this thing. This really needed to stay in the teens and higher for a push into the higher 30s once a new deal is done. I fear that even another few thousand subs isn't going to push this thing where it should be. A lot of stocks I own right now seem to be, fundamentally, way undervalued. Seems to be the way of things at the moment. I hope the market can push past this kind of malaise it seems to be in. It doesn't seem like the great week the Dow had last week translated into the midcaps down to the microcaps. I knew this was going to take another year or so to mature, but I didn't see it coming down this far. Yet again, the market shows me how inept I can be at predicting anything. GLTA
That would be interesting, but I don't see it happening any time soon. They need the cash for the network upgrades first. They have only spent 200k of the needed 500k for the upgrades. Also, they are not through paying for the Baja purchase. The point here is that they are paying for all these from a positive cash flow.
I made it fairly clear I stepped onto the low road with that post.
I, certainly, do not begrudge someone moving their money around depending on their momentary needs. I just wanted them to feel guilty about it. LOL.
I do blame this lull on the CC, however. Tariq and Dan laid out a very nice plan. They just did not inject any urgency into it. And why would they have to?
This will turn around soon enough, but I ain't lying about taking a few more if one of you are willing to sell 'em on the cheap.
This is getting low enough that I might have to throw some more money at it. Whoever the moron is that keeps lowering the ask keep it up. I'll steal some off you eventually and then let you you know in a year what an incredibly foolish investor you are. GL, your gonna need it.
There, now I feel better. I'll step back up to the high road later.
Nutz, simply nutz.
A very rough estimate for 15-20k subs would be
$7.5-10mil
This is rough and hopefully conservative estimate. You can look at the 1st half 2011 financials. They made 1.5mil the first half with about 6k subs. If they keep the status quo that is 3mil annually. So that is about $500 per sub. Multiply the $500 by 15-20. This is overly simplistic as it does not break out subs revenue from ad revenue. Also, Dan has said that the 2nd half would be better than the 1st. I would also expect that ad revenue will go up next year. Of course, we will not have all those subs the entire year. If we estimate that we will have 10k subs by May, and grow another 3k through the end of next year and then make some assumptions about ad revenue I get a rough estimate of about $6-6.4mil in revenues next year. That would be, at least 100% growth YOY. I hope that is the conservative version. In an aggressive model you make a a case for the top line being $9-11mil next year. It depends on how quickly we can make acquisitions, upgrade the network, and grow subs internally. Ad sales will increase, but will be a smaller percentage of revenue. If all goes as planned ad revenue would jump exponentially towards the end of next year into 2013. All this is speculative, but they have executed well thus far.
The more look at this investment the more bullish I get. Maybe it was the fact that Dan had the flu that made the CC sound demure. But looking at the facts in black white I have to admit this company has the ability to do something special. There is no doubt we have a train moving at a very fast clip. We are generating revenues and have stellar growth and activity to look forward to. Good luck everyone.
Top points From CC: Please add or correct if necessary.
* 8 mil share reduction to 30 mil outstanding: Completed by end of this year. Most shares are in hand. Still waiting on some from Europe. Once they have all the shares they will present them to the transfer agent.
Will eventually prepare audited financials, but not for awhile. Maybe sometime next year.
* Upgrade existing network at a cost of about 500k, already spent 200k of that.
Continue low overhead by keeping costs in house. ie, billing, ad sales etc.
* 10K subs by next April or May
* Stay in Nevada until we hit 20K subs then we look at other states.
* Financing will be done out of pocket. No debt or stock.
* By next year with the system built out we should be able to capture 50% of the existing market. That is about 3-4k subs from internal growth.
* Digital transmitter for channel 25 will allow space for 2 more channels.
* Will attempt to get more channels on Charter, but this will take time.
* Advertising accounts were switched over from Charter last month. This should increase add revenue by 50%.
* Running promotions on triple play.
* Guidance: 1st half of 2011 was 1.5mil income
2nd half 2011 looking better
have not finalized 3rd quarter numbers yet
Revenue numbers are higher, but not ready to release them yet.
* 6K subs now. Acquisition will take us to 10k subs.
* Looking for 15-20k subs by end of next year.
* Ad revenue will go up substantially once market is built out.
Univision is the primary competition for Mexicanal
We do not know ratings yet.
Smooth Jazz station rated 25th out of 50 stations in Reno.
Will take awhile for TV to mature.
* Share price value:
Putting together meetings with brokers to get share value up.
Writing letters to old certificate holders
We have 800 shareholders on record.
Will not use stock to promote. ie: Will not use IR firms.
Committed to keeping share structure low.
* New securities attorney will submit files to take away yield sign on Pink Sheets.
* 150K to comply with full reporting so that is not in the near future.
* 14mil in float
Dan and Tariq control 12mil shares
Debt controlled by company
* Buyout not likely in the near future. Low priority.
* Still resolving some Baja purchase issues.
* No Air Sur.
Thank you, you mean Dan not Doug right?
That could well be. If it is the old UPOD ploy our best case scenario could be 2 - 3 more acquisitions over the next year ending with 20 - 25K subs with included internal growth. Get extra stations in Charters line up and see quadruple the ad revenue. Quickly get all 20K subs upgraded and connected.
If that is the case then the value becomes more like $3.00/share. I would take it undervalued at that point for $2.
This thing is not trading as the value/growth play it is, but it will.
One of the things I liked that Dan said was that he, originally, thought they were going to look for a quick sale (or at least, I think they had a shorter time line before), but now they are just sticking to plan to grow this company. I think the general attitude towards this company has changed. In that, Dan and Tariq were looking to move it out quickly before to get to other projects, but then realized they are sitting on more of a gold mine than previously expected. They then decided it is worth bringing it to fruition. They do have 12mil shares between them. At $2-3 a share that is a pretty healthy future.
Well, I kind of expected this after listening to the CC. Yes, Dan and Tariq laid out a great plan, that will be executed over the next 12 months or so. Unfortunately, that is an eternity in the investing world. Especially, if you like to move your money around. Part of the problem with the CC is that they didn't really reveal anything new, and they didn't use the time to get the investing world excited about future activities. It was just the opposite. They gave a decent amount of info, and then said we really don't care about the share price just now. Mind you I like the plan they laid out, but here in penny land quick hitters want some big juicy piece of information that allows the price to be pumped up so the great sell can begin. There is no doubt that we will, eventually, see the share price catch up to value, but it may easily be another year. Here is some simple calculations based on subscriber worth. This does not include ad revenue from TV and radio which will more than double over the next year.
Here is what we have now:
$2000 per sub * 6000 = $12,000,000
12/38 current shares = 31.5 cents
12/30 after shares are redeemed = 40 cents
Next year with 10000 subs and a built out system;
$3000 per sub (conservative) * 10000 = $30,000,000
30/30 = $1.00 per share
The market should be forward looking and even with today's structure and subs we are way under valued. This has become a market of impatience for sure. What I do not understand is why not buy now, and in a year you save 15 - 20% in taxes. Investors are crazy. I have said before that I thought this was going to be a long term hold even from here. It will be possible to see .50 cents - $2.00 but it will take 10 - 18 months. That is just the way it is. GL.
We agree to disagree. I find it hard to believe that an investor or trader buys a pink sheet penny without first doing some easy due diligence. One of the easiest things to do is check sentiment on the boards, and then use them to jump off to websites, filings, other informational sites, and then if your smart, start digging further. Now I know a lot of investors do not go all that far with their DD, but going to a message board just seems stupidly easy. I would not trade directly off message board sentiment, but you can get a feel from them. In this case if you are a seller(trader) you can make a very educated guess about who might be enticed to bid and when to scalp a couple pennies here and there. Not that think it is particularly smart, but that seems to be the state of things. Far to many posters on here give up numbers info. I do not keep track myself, and you can't be sure who is telling the truth, but if you wanted to spend a day or three going back through posts you build a rough estimate of who holds what, how much and their particular habits. If you held a large core, and were just trading around that this would be good info. Personally, I am a buy and hold guy, and I agree that you would be stupid not to see this through now, but that is, obviously, not everybody. I just do not see someone trading a pink sheet penny such as this strictly on say TA. It doesn't make much sense, but then my frame of reference could be off. While I disagree with the notion, as an investor I will keep an open mind.