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A glimmer of good news from our neighbor.
That means more attention on Tucana.
https://investing.schwab.com/secure/cc/nn/gw/wsod?path=/retail/research/stocks/news.asp&doc=600-201206050630MRKTWIREUSPR_____796049001-1&symbol=NMKEF
Patience is wearing thin & 401K is BLEEDING big time
That's it exactly. Sad but true
What an ODD Buy - 39,516 shares? $790.32?
Asked Jordan about Grail today.
Got this reply:
"The Grail ruling has no impact on myself or Pay By The Day. The deal was entered into between Oteegee now Tucana and Grail.
The company advanced money to Grail and it's directors and is entitled to shares at .50 per share. The shares have not been issued to Tucana yet because of the mess and poor shape Grail is in right now. In saying that, we are owed shares but it is not a significant position.
The law firm representing Grail will be taking 60% right off the top and the balance goes to the company. I'm still not sure how the funds will be distributed, but I can tell you that this ruling opens the door to the larger billion dollar patent infringement case against renesas.
It's just a shame when I was trying to raise the money for the completion of the grail acquisition, not one person believed in the technology or the case because we were not talking millions but billions and I believe that scared people because they thought we were full of shit. Not so much myself, but the Sterns."
Agreed! Asked CEO today if he will now request a change in SIC classification to "Mining". His response was "Yes, will be working on getting that done soon". Any little bit to attract more attention is a good thing. IMO
Not to my knowledge. Last I spoke to CEO, they are waiting for financing to begin next phase which may not happen until Nemaska takes off. That should bring in the Venture Capitalists.
Still hasn't sparked any interest. No trading volume since 5/3.
Maybe we will get dividends in DIAMONDS. lol
UR preaching to the choir here. Call CEO & get it from the horse's mouth(?)
Agreed but unfortunately, when U don't have any money to explore, U have to wait for Nemaska to attract attention to the general area. As they move up, there will be more interest and $$ available to invest in the area.
What's up with the spread? 100% between Bid & Ask?
From UR mouth to God's ear. IMO
It could be several months before Nemaska starts to gather attention. That will be to point at which Tucana will start their promotion.
U R Spot On!
Spoke to Jordan on Apr 4th: not much new. New claims near finalization. Starting paperwork to get listed in CA. Waiting for new news/attention on Nemaska before doing an Investor Relations (promotion campaign) to gain more attention to Tucana as Nemaska's next door neighbor. Plenty of crooks who will do promo for millions of shares (pump & dump). Still working to find the right financing without dilution.
Unfortunately, Bid still isn't moving which is the REAL value of our portfolios.
Exactly right! It's the Chicken or the Egg: very frustrating.
Need to finalize Kimberlite claims and then find some DIAMONDS. IMO
Wow! Somebody else needed Lunch money - $156 sold
Send Jordan an email with your offer.
That is probably one of the things he discussed with Alain at the conference. It will take some money (approx. $20-25k) but it is like covering your bet at the poker table: it is insurance to get the right kind of financing. Many lenders in Canada will not talk to a company that isn't listed in Canada.
CEO says he has been approached by a number of firms looking to finance the project but he does not want to dilute sp. The key to getting the right financing lies with listing on Toronto exchange.
Where did U find the update?
Amazing how an $18 trade at the Ask bumps my portfolio $10k.
If ONLY it would stay there. IMO
Nice 2C some buying (albeit small) at the Ask.
Hopefully, more new buyers after the Conference and PR.
Not sure but it would so based on date & venue.
Yes, for next phase of exploration. Optionally, may also need $$ for listing on Toronto exchange.
That came out of the Magnetic aerial survey released in Sept 2011. Several areas were just outside of the Abigail property and TUCA decided to acquire some of the most promising targets for further exploration. Lithium, Gold, Nickel, AND Diamonds? OH MY! IMO
I think UR right. He said the Canadian equivalent of our "Pinks" because it would cost less than the $50-$75K for full listing while still getting the exposure TUCA needs in Canada.
Spoke to Jordan on Monday. Abigail map is being updated to include Kimberlte claims. Will be attending Mining convention in Toronto with Alain on 4 March. He is hoping to meet with investors at convention. Looking into listing Tucana on Toronto exchange (or Pinks) as way to attract new financing but needs $$ to make that happen.
Bid has gone up 50%. Guess MM are looking for shares.
What's with the 300% Bid/Ask spread?
I would do it if I could "Nudge" it up .15 or .30 IMO
It's both amazing & frustrating when portfolio can go up (or down) 125% on a $27.54 transaction. This rollercoaster ride is making my stomach do flip flops.
Apparently MM do not want to hold any more shares otherwise they would tighten up the Bid/Ask spread. Just lost 17k in portfolio because someone sold $20 worth of stock. It's NUTS!
Last email I received said eond of Feb for remaining claims to be finalized.
What's with the big spread (80%) between Bid & Ask.
Must be a couple of new investors just found out what we all know. IMO
From talking to CEO, listing on Toronto exchange costs $$ BUT that would make better financing available to TUCA. It's a "Catch-22".