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Well, I am back in. Looks to be over sold to me. Still a very low float stock. Will trade on momentum for now.
The o/s is still very low. The company needs some serious news and cash. Hard to push forward on a string and $35000 dollars in the bank. imho
https://www.otcmarkets.com/stock/BMXI/security
There could be a bounce off the nickel area or a double bottom bounce off the 3 cent + or - 1/2 cent area. Just my opinion here.
Is that enough $$$$$$$ for the company to sell shares into to finance their North American operations going into the 1st and 2nd quarter of 2023?
Where does it say buy high and sell low, and if others say buy low and sell high it is some how a game? I'm flabbergasted.
It sure is!
Looks like a lot of selling going on as opposed to all that buying pressure the CEO caused this morning, but things could change? imho
https://ih.advfn.com/stock-market/USOTC/brookmount-explorations-pk-BMXI/trades
But there is often an immediate pay off, if you are the ceo, officers and major shareholders of a company. imho
They are going to sell more shares. They will negotiate shares instead of cash. That's not that hard to understand. If they were filthy rich, this stock would not be languishing at 7 to 10 cents a share. But hey, anything is possible in pinky penny stock heaven. imho
Haven't you heard of wash, rinse and repeat? They did a r/s a couple of years ago and set the current a/s to 2 billions shares. They need money to operate. Many of these shares will be sold. The company is cash poor in my opinion. Dilution is the name of the game. Now, when you are cash rich, you just buy your shares back and your dividend goes up. Later on you can sell more shares.
I doubt this company can operate, without selling shares. $35,000 in the bank ain't gonna cut it in my opinion. imho
CEO backed off the quick A/S reduction and said they would be selling shares going forward because they need operating capital which is true of any concern. The elusive audit. It's almost done they all say, until the last tranche is taking care of...
Audit still not ready. Mousehorn purchase renegotiated. A/S reduction difficulty getting all shareholders together to vote. Further need for cash will necessitate shares being sold in the future. The company needs cash and that is the bottom line in my personal opinion. Good luck to all!
Heck, if you had bought this am, you would have a nice gain. imho
BMXI Could reach 12 - 13 cents by closing time!
Well, I don't know about you Han, but "if" never made me a profit. lol Like I said, Han, ymmv. It's your call. Some made money on BMXI. I took profits myself. Not so sure about other people. That's their biz.
One could leave some on the table. Good luck to you too!
Hal
PS: Rinse and repeat!
Buy this morning and sell at the opening bell tomorrow. If need be, buy back in. There is no profit, if you do not sell. Most people hang on to dreams as their stock slithers down. All stocks do this. V**T did this. Ramped up, until morning of CC and then dropped hard. Just like sell on the news and wait to buy back in lower later. Works for me. Your YMMV! Good Luck~~~~ imho
PS: MM are like vultures. They like to play this game. They know how traders trade.
I've seen these CC create buying pressure the day before and then a decrease in the s/p the day of the CC. Will see how tomorrow plays out.
Accounting/Auditing Firm
AJSH & Co.
C-7/ 227
SECTOR 7
ROHINI, DELHI 110085
India
https://www.otcmarkets.com/stock/BMXI/profile
Google Map:
https://www.google.com/maps/@28.6998325,77.1582438,3a,75y,139.43h,120.5t/data=!3m6!1e1!3m4!1sNSnnOxSW5cwpgqYhN9SLXg!2e0!7i13312!8i6656
I think the low was around 7.12 cents at 10:09 am. Say a trade for 650933 shares.
I'd like to know the estimated all-in sustaining costs and all-in costs the company expects on this 30% royalty return on calculated 76,000 tonnes graded at an average of 0.17oz (6 grams) au per tonne? For 1 million shares restricted this could be a mediocre return on an estimated 12,920 oz gold. Taking an average $ aisc of 1232/oz (not including all in costs) and assuming $1700/oz sell that would be $1700 - $1232 = $468 per ounce. The company's share would be 30%. $468 *30% = $140.4/oz. 12920 *140.4 = $1,813968. So that would about 55 cents per restricted share. This amount would be further reduced, with any other all-in-costs and future inflation.
AISC costs were from the 1st quarter of 2022. Those costs have risen since then.
https://www.gold.org/goldhub/gold-focus/2022/07/aisc-gold-mining-industry-reached-their-highest-level-record-q122-0
https://www.otcmarkets.com/otcapi/company/dns/news/document/61378/content
I got in at 7 cents/share (08/08/2022) and sold for a nice profit last week. Lots of questions to be answered at the September interview next month. Good luck to all! The Doji candle near the top was key to sell. imho
No one forced you to sink your life savings into this stock cause it sure sounds like it. All trades carry risks, of losing some or all of your money. Did you think your money was FDIC insured?
Personally, I am sticking with the unrestricted 17,199,865 for now.
There are some people here that do not know how to read a filing or want to overlook it. https://www.otcmarkets.com/otcapi/company/financial-report/339763/content
The 200 day m/a is around 15.6 cents. I would consider that a gift. 100k share buy at that price will turn a nice profit. I have a t-3 hold on my IRA cash. Think I will get another 100k shares, once this t-3 passes. Hopefully, the s/p stays low for couple more days. I got in on the 8th of this month. Doing just fine. I was told to invest, when you see blood in the streets. This stock is way under valued in my personal opinion.
MM really wrenching the bid and ask this morning on level 2.
A/S limits the amount of authorized stock a company can sell to the public. Reducing the authorized shares reduces the probability, of large dilutions a stock company can execute. From a possible dilution up to 2 billion shares to 100 million shares, makes a stock company investment many times more likely. Dilution reduces the share price, depending on the amount sold into the market place, a lot or a little. Large dilutions can make your investment money disappear quickly.
Can we make it to 50 cents today? See, if my prediction comes true. MM took the share price down to 31.88 cents. They shook the fear tree, loaded up the shorts and may be now the FOMO crowd is coming back in as the today's shorts get squeezed to 50 cents. We'll see!
Will be a fast run to 50 cents and people will get that FOMO feeling and buy back in and mm will trap anyone shorting on the way up. It's their game of making money imho!
On Facebook and LinkedIn: https://www.facebook.com/BrookmountGold
The company now has a chat box in the lower right corner of your screen. Looks new. https://www.brookmountgold.com/projects
BMXI CEO said he thought a primary reason for the company being under the radar was the lack, of a potent investors relations presence. This is most likely how many of us got in early on this stock play as the BMXI video was released on 8/8/2022. The first real I/R public exposure of the company. Well, at least in my opinion and listening to the CEO talk about this on the 8/8/2022 video.
CEO did say they are working on an active investors relations presence going forward.
CEO was adamant, about being a gold producer and not an gold exploration company. He made that very clear. Seems some people did seem to understand this fact about the company. May be some market makers did not understand this too.
The CEO stated there were negotiations on freeing up funds that are being retained in Indonesia to be used for capital improvements and such in North America. He was looking to next year on these negotiations to conclude.
The BMXI CEO on the video stated the float was 5 or 6 million shares at the time of this recording. At 22:30 and listen forward a few seconds. Now that's low and coming from the CEO.
Did some more DD on Exxon Oil and Gas as to what I saw on Twitter. https://twitter.com/MaxInvestor89/status/1539651502540611586/photo/4
https://casetext.com/case/agrawal-v-okla-dept-of-labor-kris-agrawal
What's going on here? Thought The real deal was Exxon the big guy, but not so sure of this Exxon Oil and Gas Co now.
1.4 million shares traded so far. 4.2 million traded on 6-3-2022. Great volume today no matter how you look at it over the past three months.
Remember, CCWF shell status will be removed any day now.
SUPPLEMENTAL INFORMATION
MAY 23, 2022
CHURCH & CRAWFORD, INC (the “Company”) was previously a shell company. The Company’s status as a shell company has changed. Effective March 16, 2022, the Company ceased to be a shell company.
https://www.otcmarkets.com/stock/CCWF/disclosure
No subsidiaries, parent company” Exxon Oil & Gas, Inc” Page 6 https://www.otcmarkets.com/otcapi/company/financial-report/334417/content
B. Please list any subsidiaries, parents, or affiliated companies.
No subsidiaries, parent company” Exxon Oil & Gas, Inc”
C. Describe the issuers’ principal products or services.
Oil & Gas.
CCWF
This stock. Getting ready to fly? Low float oil play making bank.