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They issued an unusual release yesterday stating they have no idea why their stock is moving or PPS is increasing? Honestly - IMO- They never set out to develop themselves. Their Canadians and this IMO, was just set up as a flip, here in the USA, to a real mining Corp who puts dirt to shovel, where West Kirkland, got the early investor the Grand Cayman deal, and were only going to get regulatory approvals in stages, while they looked for a buyer. This has taken way too long IMO. $5 this is a flip, possibly thought it would be an easy one to cherry pick here south of their border - and are stuck with it.
The CEO this Jones guy, has a massive platinum mine in South Africa and IMO- likely is his main focus.
Former Daybreak KY Partner APP Energy, when they both sold interests in KY, there was substantial cash that was reserved for a project in Michigan, and it was partly connected with Maximillian. You can read it in the past filings. But what Daybreak is not detailing in press releases or filings is where exactly is the 1400 acre lease they first took a 30% WI initially and later another 40% to equal a 70% WI in this supposed lease. Researching West Bay Exploration Michigan leases, to see if connected. However, the location and lease name is murky to say the least, so far to date. A search revealed that John Piedmonte Jr is APP Energy and has an address in Monroe, MI. West Bay Exploration is John Piedmonte Jr, which has leases in New Cuyama, Ca., Landers, Nv, Michigan, Oklahoma, Wyoming, WV, AZ. some are active -some are closed.
But what is interesting In a search of Kern, Daybreak had 7 leases, but according to the Drillings.com, there is only 1 authorized a 440 tract, and rest it states are closed. Now I’m not saying Daybreak closed those other leases and did not release a PR update, I’m just pointing out that according to that website, it states there are 6 closed leases and only 1 left authorized. To verify any info - Jim would be person to reach out to for accurate or detailed clarification in regards to any of this. Whether true, I do not know. Nor saying it is. I have no verification of anything.
The supposed spring drill for the so far mystery Michigan Basin lease, was contingent upon them receiving funds. So since it is already first week of May we are passing spring 20’. Question is - is App Energy or West Bay Exploration our partner and or is another entity our partner in this supposed 1400 acre lease. Hopefully there is great news that they did get funds!
We do not know really much about specifics in regards to Kern and the number of active leases and where is the Michigan Basin lease at.
Be wonderful to get more detailed information from Jim in a press release updating shareholders and any progress. The state offices For gas and oil of Ca and Mi, might provide current information in regards to Daybreaks Leases in Kern and if there is anything filed with State of Michigan to determine where if anything in their database shows anything with any connection to either Daybreak or in Jim’s name.
Mav
https://thedrillings.com/owners/2240152
States daybreak has 1 active lease and 6 closed leases in Bakersfield. There was also another Canadian outfit nomad hydrocarbons was in the lease at one point.
With $700k settlement with old lender - daybreak has an opportunity. Tight share structure is correct and it’s pretty cheap. Michigan Basin is intriguing - 1400 acre lease and ID’d 2 potential drill locations. I just pray they obtain a future better financing term sheet, and Jim starts updating new PR’s.
I’m still acquiring - and will continue. Expanding their operations in north Idaho and now moving into Central Idaho- further south. Their blasting north in their put at top of hill above them and filed to expand it and start another second blast pit at golden chest. So their mining underground and on top of their hill, Way above the adit they are removing stripping after blasting it. They are turning a corner and oz’s are increasing watch for continuing higher increase of production in 20’ and 21’ imo.
Jim is the biggest shareholder - but he also loans the company money - basically to himself. Jim makes money does he not with the note % on what they pay him back? But what about the outsiders, such as, that mere public shareholders who acquire through open market? Hell sign me up to loan money to my own company I’m president of right? Kind of an convenient arrangement imo. He
‘ll get his money back - but what about a dismal PPS, for a low energy stock? Something needs to change here - we can have all the potential in the world- however- if the time it takes to announce a new project as they have - but takes too long to raise the right type of capital - where does that leave public shareholders? At .01 and less, is it a shrewd pick up or a stinker down in the otc/pinks?
It has potential - however - what type of term sheet will Corp and Jim agree too? Because if it’s not a good deal that does not offer outstanding capital terms - then why do it? Just to pop 2 holes with APP out there in Michigan Basin? If they do locate financing this time around - please do so that doesn’t repeat the max debacle that put us out to sea for far too many years imo.
There is potential - kern to date - has been their work horse - but Michigan wells if they spud them - could flow well and Michigan Basin can be known for wells do not decline as rapidly. IMO- daybreak very well may need this lease to do well Corp wise with revenues to increase. However it is likely that any future filing will mirror all others where it’s a major negative.
APP has an address - I located it in Traverse City. I am looking at Michigan closer, and will be looking for the location of their 1400 acre lease, to determine approx location to other closest wells and their production.
It’d be nice to see this rise hopefully some day. Look we know Jim has experience and I still believe in him, however, let’s see some promising results for a change in Michigan, and respectively a sweet bargain on a term sheet for capital - instead of same ole same ole. Let’s stick a few wells in Michigan ASAP, and rehab our puny PPS and market cap. Jim needs to get this moving. It would be difficult for any prospective accredited investor (a 144 filer) who has received restricted and warrants to recoup their money - if there is not a healthy daily robust share volume - that would allow accredited investors to get out. That’s just my opinion. Also I believe they were being paid dividends - warrant holders at one point if I can recall years ago- please someone correct me if I have that story wrong or off kilter or I’m correct.
Jim needs to get this going and get market cap up and stay up and start building shareholder value thru a rising PPS- for people to view this in a different light. We can’t continue to trade at these levels with scant volume.
Potential - sure. Can he deliver to shareholders a higher PPS, like years ago? I believe he can - question is will he. We’ll see.
That is exactly correct JJ. Why would he attempt run any pump jacks in kern when electricity costs would leave him in bad shape. PPB has to increase to make any real comeback here, ideally $60+ barrel, with low production costs in kern - his benchmark baseline field that’s the catalyst and genesis of daybreak for near future. I’m cool with Michigan - but for that to occur he needs financing injection and anywhere he looks seeking it, he’s going to pay for it thru a nose ring. It could turn into a max deal again. God help us as shareholders. This really depends on oil going back up and his ability to find low interest financing - without diluting his shareholders out. It’s imo sort of ridiculous in a sort of way- that he was in production in CA majority of a decade - and yet you can look down at the ground in a parking lot of a 7-11 see a penny - and jimmy has 20 wells running for what 8-9 years and it’s worth barely a penny on that asphalt parking lot - that we don’t bother picking up. I mean that’s what we’re talking about here. Do I believe in Jim -yes- do I feel certain serious events outside his control with global oil prices in tank - is making it more difficult for daybreaks shareholders - hell yes it has. Now Jim’s gone into Michigan and so far does not have to our knowledge financing - let alone laying terms out yet-,in what type of term sheet he might be looking at to borrow for popping 1-2 wells in. It’s def an iffy deal here. Could it later work - sure- but also maybe not. It’s just for myself - after this many years - it’d be preferable to see PPS- higher which really is all a long time shareholder desires and holds out for. Can he do it? Maybe. Maybe not. But - you and I both know there is an uphill mountain ahead. It could succeed - but certain events need to occur here- I’m sort of like taking a wait and see approach. Not holding my breath at all.
There’s always a possibility he could bail on this Corp - you are right - much time has passed since he came aboard. That’s always been the case here. But he has 20 wells in California and avg cost to produce is pretty low- well below typically. It’s a wait and see. Consistent flow of PR’s, to their shareholders dried up years ago. However, with max out of equation and JW went into, once again another state, like he did in KY. He’s still out there, out where the buffalo roam and deer and the antelope play, like the Lone Ranger. I wonder if he has spurs on with a COLT six shooter, riding his horsey?
But...he may have grown a beard, bought and holed up in hotel/casino in Vegas, not cut his fingernails, toenails, nor cut his hair and pulled a Howard Hughes on us.
Maybe - he’s hanging with Kim Jung Ill in North Korea.
Wait - maybe he’s been selected by Survivor producers and taping on a tropical island for 6 years.
I mean god only knows. Love the transparency with JW- like literally.
Last x amount of years with the entanglement with max -there was no interest or real pressing reasons in creating a value shareholder play here on the PPS, at least as far as shareholders goes last x amount of years. Let’s be real, and I mean real real. Look at what and whom they went too for finance - the Benji’s baby. Well now that’s finally ran it’s course- what’s ahead for the corporation and shareholders- that still stuck through this with them?
However - is there a potential play with daybreak - I would not say no. Because there’s always a chance. Do I suppose it could awaken from THE DEAD. Sure. When - who knows.
Small super tiny companies like this usually drop out of filing 10k’s because cost of auditing is too much and there isn’t usually much activity on basic shells such as this - with mm’s etc or investors.
If it ever rises off the metal coroners table and achieves the elite heights of say .03 to .05 range then market cap could benefit in attracting new fresh meat to the Lone Ranger once again such as 8-10 long years ago.
It is however, for a purely speculation play - could awaken eventually and at these throwaway pps - it could prove later to turn a little slight green - would/could make a few bucks.
It does have potential, I always believed in Jim and will continue too. Max was a pretty big issue for him and the company - that was always understandable and how he proceeds from here along with other directors is entirely in their lanes. At these crazy crazy cheap pps - someone could be investing into a dead shell with any real trading occurring with little to zero press, or they could be investing into a shell, that suffered some setbacks, that after getting out of max situation, could have ability to rise up from the ashes. I would tend to believe, it is the latter. As always - never in a hurry with Jim and he has skin in the game and as a shareholder - I prefer that.
IMO- it could be an opportunity.
At this low PPS - IMHO- with maximillian gone and JW moving into another shallow play + has 20 wells in Bakersfield - it could turn green into a beautiful picture for longs.
I’m def still in with Daybreak and I’ve never stopped believing in Jim.
Many years ago this rose in pps with the company hiring a stock promoter. Majority of those people who were holding before that rise - sold off. With millions of dollars of debt erased and Westmoreland moving into a shallow play - plus with good news with deal between Russia and Saudi - over the next year - If Westmoreland needs capital next time around - in lieu of cutting shark tank deals with guys like he did with maximillian - there are other avenues to raise it, this next time around, without major dilution to shareholders- which includes himself.
20 wells - just northeast of Bakersfield - is actually a pretty darn decent oil production operation. JW- has done and continues to do a tremendous job of “doing more with less.” How many other small publicly traded oil companies like Daybreak - are still in operation and producing oil for this considerable time- that went thru what this company did with a former lender and still producing barrels. Then figure in the recent crash in prices - and Westmoreland is still producing in business - and has even branched back out into another state with a shallow play. Bakersfield is and has been the consistent benchmark for JW- to try and jump off into other plays with Bakersfield revs. I tip my hat to JW- too me - I don’t care if it’s .007 or .35 like many years ago- I expect eventually the PPS to rise here. How can it not? All things rise and fall- it’s biz. However - with maximillian out of the way - this always had the potential and I’m def still in.
I am a long term shareholder - any thoughts, speculations and or opinions - are of my own.
That is correct - he was buried in Corp debt, for years, with maximillian. NOW their finally out of the picture. Not a bad deal settling for only $700,000 on those terms. He went right after more shallow plays in Michigan which could compliment the 20 existing wells in Calif East Slopes. The current global glut that is filling up storage facilities here in USA, will shutter and BK many many independents. Only the nimble small independents that have low operating production costs, minimal labor costs, and low to zero banking debt service will survive - if they have to shut down until prices rise later. Any others - they’ll have to be lucky as hell to find any banks willing to loan any further capital. They will not throw good money at bad and if they do- after the companies shutter- the capital inflows are already drying up, I was informed by a friend in the oil patch. Thousands of jobs WILL be lost that over last 3/4 years took great effort to build. In times like these- assets can and will be acquired - at bare bottom down cycle prices - that later on will be worth much more in valuations, when markets recover- and they will. JW’s future rests and his shareholders potential windfall with any stock purchased on his ability to produce cheap oil, and not pay too much for any patches, along with avoiding taking on too much debt. Debt is ok- but as long as it’s serviceable with generating revs and JW does not keep producing negative filings to avoid showing positive cash flows for tax purposes that passes thru. Does he really care about raising PPS for himself, shareholders and later better types of financing - jury is still out. I would like to think that at some point he would. But - with a fairly clean canvas to now paint on- question is in short term- is he idling his collection of 20 some odd wells in east slope and waiting this out - or how does he move forward earning any revenues - bc I don’t see at moment how he can do that in this atmosphere. Time will only tell if the Phoenix can rise from the ashes on this one. It’d eventually be refreshing to actually see pps increases over next 3-6 months and more investors moving in - fresh new blood - and more market makers. Is there potential sure - but ball is solely in JW’s hands and we’ll see if he can handle a full court smothering press without maximillian no longer on his chest like a piano. Now the piano is off - but unfortunately bad timing with JW has with mother Russia and Saudi sheiks pissing all over each other, neither are America’s real friend and both are trying to kill American oil and gas after an amazing last 3/4 year production boost. We’ll see.
Interesting release back in Jan 19’ from Jim with over $12 mill + off his back. Less than a penny currently. If gets back up to .028 somewhere somehow sometime down the road after oil goes back up after this crazy Russia vs Saudi spat - make a couple of dollars off this. It’s a ok I bought or already own it type deal, just forget about it, and just sit around and wait. Not think about it type of deal. Might be better off buying a cheap well or two, slap them into an LLC, and use as write offs to pass thru personal income taxes. Showing a neg is standard protocol bc no one wants to pay taxes on any revenue. Pretty simple procedure.
JJ- pretty low pps. Did jim just never get this turned around ir what? Maybe he’ll hire that green hornet stock promotion company from like what 5+ years ago lol? It’s odd, how he was pumping oil, had that toxic financing from those guys from back east. Waited it out- expanded his operations out of state away from the field up in hills above oildale- pretty much went to sleep. I’m flying into sacramento and then head down to the patch this week, in bakersfield, talk to CA dept oil/gas state employees- see what if anything can learn about any of daybreaks wells and leases.
Even though there is not large volume on a daily basis- there has been support here, along with a subtle slow rising pps - going back since it bottomed right when there was a change in mgmt. Their stated goal is to be a mid-tier producer. They have taken bold steps to be that. They are undergoing a sea change and I am predicting, as it moves along over next year or two, it will be worth considerably more in pps and will be a pretty good long term investment. These IMO, are gifts under .20 and will be proven as such later. I try to locate companies exactly like NJMC, take a large position and wait for their story to unfold. I have all the time in the world, but patients, is not a virtue for many. Can you hear the Canadians and Wall Streeters coming? I do, and if and when I unload, I’ll make them pay dearly and it will be nothing near what I stole this for.
They usually do exactly that. Company picking up steam after it’s issues in recent years. Cheap pps, and their two plays are in producing areas in CA, and on the NYSE with a decent monthly fividend. My cup of tea.
I sold off my large 26 year physical bullion positions when it peaked. Then started acquiring again the last 12 months on downward large dips. IMO metals will climb bc of several factors. Among them rate increases, there has also been an unprecedented 10 year historical low interest rate, that will catch up to the markets, eventually. How? Corporate debt is ridiculously high bc they fed at the trough for 10 long years like little piggies. They could not control themselves, just like homeowners could not back in 00-08’ with non-stated no doc verification loans. Which predictably, not only poisoned our banks, our markets, but the world who invests into this country and it’s markets. This started the fed chain reaction of 10 years of low rates, which set the table for the next more pending tsnumai of defaults. #1 the coming massive corp defaults we will see. #2 another round of real estate foreclosures in both residential and commercial. Why? Majority of homeowners who bought after the great recession, the prices were still 35% over priced and those people a big majority could not qualify under 3% down payments- let alone 10-20%. Because of debt-income ratios, they were forced to buy residential properties using ARM’s such as 7-1, just to qualify. Guess where those ARMS’s are tied to? Their daddy, the LIBOR in England where as rates rise, which they were, the monthly payments will consistently increase- not much at first- but over next few years, they certainly will. It’ll be a slow burn of defaults. But a big one. Commercial will be a nightmare of defaults as well. Matter of fact, I know people who work at banks that oversee defaulted properties, and they are already seeing increases this past 16 months. #3 will be enormous personal credit card debt out there. Default city.
Then you factor and analyze the domestic political issues with dems/repubs fighting, along with racial unrest inside this country, it’s a powder keg, which could easily spill over into serious dark clouds for this country. The issues surrounding our current president is one that could alone roil our markets - metals will spike. Like or dislike Trump, or have no opinion, the moment that investiigation started, regardless of how it started. The big picture people are not seeing is that they are arguing on how and why it was started. The problem was and still is- is that it will not end well more than likely. Once it started, they were going to uncover things know one knew. Americans gave their fighting words out politically- but they don’t understand that when the truth comes out- the markets will tumble and tgey’ll flee where? Of course metals- just like when great recession occurred. Wall St cycles out. Always. We have a fake artificially and PARALLEL bull run side by side in RE and stocks- for 8-10 years- never happened before. This isn’t a real market, never was. There are going to be some really bad blood in the streets. It’s only a matter of time.
You have to also analyze the foreign intelligence reports of the linking up of china, russia, north korea, cuba and of course heightened fighting still in the ME and issues with Venezuela.
Yeah I can think of some very time proven bullet proof reasons to be back in acquiring bullion and adding to my metal traded stocks.
It is coming, people just do not see it yet. Might take a couple of years or could be less, who knows maybe longer.
The other issue is after 11’ the JV miners who NEVER actually pull off the transition of exploration to actual mining was a complete bust. They could not raise money either. In 17’ that started changing and money started pouring back into these types of mining corps. Actually it’s been weak for 20 years a lack of consistent digging metals out of the earth. Silver is one of them. So that def will also factor into metal prices climbing mol in future.
Mav
I’m adding
I’m starting to think that they could reduce the div once again.
Those 1.5’s back in Dec’s bottom look good in my account. I’m in a short time out - take wait and see watch how this trends first 2 days next week. Check out PER and CHKR as well. Companies like ROYT are ones I invest into for long term holds for divs, based on high returns with low PPS entries. The two basins here in CA that ROYT has interests in are making it happen for shareholders.
Everyone is hibernating with the bears or what? Where is everyone? Guess I’ll have to visit the kern lease like old days.
I have been impressed with the turn around in pps since 15’ and into 16’ s decline and their bottoming- before it’s rise the last 2 years. They know exactly what they are doing. I have been aware of this company for many many years and they are in much better shape- than ever before that I know of. I took positions at that bottom, under a dime, and added a considerable amount more in 17’ and still taking more. I know the mine and surrounding area extremely well.
It could be a year or maybe two- before they spread their wings- and as that occurs -it’ll possibly attract mid tier type institutionals or investment boutiques. That’s when we’ll see the Canadians or Wall Street show up, along with other investors- that’s when my party starts- and if they want them/ they’ll have to pay me.
This is strictly my opinion.
How are you old friend? Glad to see you are around montanore.
Still acquiring - high returns with divs - upside with low entry PPS.
Great opportunity dip in PPS
Well even rip van winkle eventually woke up :)
It’s a very solid dividend play- low pps price- high return.
It’s a very solid dividend play- low pps price- high return.
Are they going to pay a marketing company like back in 13’ to get the word out, and it spiked over .30-40? If that’s what Jim’s plans are again, there could be a few bucks to make, at this super like non existent pps currently. Getting that huge debt cleared off his back must feel like a breath of fredh air. Amazed that Jim still has this afloat, after all of these years. I believe even though Jim does not produce cheap costing oil production cost wise, he’s still in the game. So with that, I started acquiring over last several months. I did pretty well last time around, if you play this right, enter cheap, and if another marketing company gets involved- and lets say Michigan actually turns out- well-these give away prices, could be a bargain basement blue light special like the old kmarts. Might be time tk revisit the kern lease check things out again see what’s going on.
Imola mai lasciare, andarsene da
Long time holder going back to when it was bobby cooper's and tommy parkers ride to w street, LONG BEFORE w street and the alligator shoes and Armani suits showed up, shortly thereafter, so did the first original huge predictable pps increase. Like the mountain lion waiting for it's prey up on top of galena, I came down from Galena ridge line and pounced on what would some on w street, would consider rather some very large positions at at around .07-.10, in the 7 digits, when know one was looking. But, I'm still around, game cameras still rolling, funny they never see me coming nor going. Oh sure, they always wondered and speculated, on which person I possibly could have been, at Tommy Parkers little bar speech in that historical North Idaho mining town, that day. But, I was the first to arrive, as I stood silently in the very very back corner discreetly, with one foot in the back exit door and one foot out,and the first one out, into the night. I went over to one of my places in Wallace, opened the fridge, grabbed a ice cold Kootenai, that I brought backm with 2 cases from a ski trip to Red Mountain, and started grinning, because I knew what was coming, my dump of my shares to w street types. LOL...
Un Buon Invistimento
Un Buon Invistimento
Un Buon Invistimento si o no vieni pompa o dump future uguale giugio 2013?
Un Buon Invistimento
Un Buon Invistimento
Un Buon Investimento
Un Buon Investimento
Buon Invistimento :)
http://www.bloomberg.com/news/articles/2015-06-29/putin-allies-aided-russian-mafia-in-spain-prosecutors-say
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/9100388/Vladimir-Putin-the-godfather-of-a-mafia-clan.html
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/9171656/Russian-government-warned-not-to-appoint-Vladimir-Putin-20-years-ago.html
http://www.telegraph.co.uk/news/worldnews/europe/russia/9107811/Russia-a-gangster-state.html
http://www.telegraph.co.uk/news/worldnews/vladimir-putin/9106875/Nine-mile-human-chain-encircles-Moscow-in-anti-Vladimir-Putin-protest.html
http://www.usnews.com/news/world/articles/2015/09/20/russian-opposition-draws-thousands-to-anti-putin-protest