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A close over 3 would be HUGE!!
Going to be a great week around here.
This is trading beautifully today.
Broken! .0267 up
5000 shares just knocked an MM off of .025. Definitely a thin wall.
bid building 2@.0246
Lets see if we can break .025 this time around. If we can get through it should turn into solid support.
DGRI is ready for its next leg up. 10 Million ounces of gold with confirmed NI-43-101. Wholly owned 330 Ton per day processing plant and multiple properties.
.0245 up
Big buys in mid 2s here. Taking a breather before next leg up.
.024 broken. 3@.024 x 1@.0245
Close to $400,000 in volume today. Not to shabby but just the beginning imo. Once we start seeing $3-$4 Million days thats when the fun starts.
With the huge consolidation from the past run to .05 I think we may be able to break it this time around. Any news about Jungo drilling or Basin Gulch developments will send us rocketing past .10 imo.
Looking for a push above .025 by eod. If we end over .02 I will be happy though. Nice steady gains is what were looking for here. GO DGRI!
Setting up for a huge week here! Go DGRI
DGRI next leg up!
BID stacked huge at .023
Smart money is coming back in for the next leg up.
I think someone may have gotten wind of that 8K.
.021 now huge volume flowing in now
has anyone looked at our chart lately. Absolutely beautiful
and .02 gone .0205 up
2s about to fall...
here we go volume coming in
.0195 x .0198 now nice steady gains here. 3 Million in volume first 1 1/2 hrs.
Now were cookin. That close over .02 is easily within reach today. I love the way DGRI has been trading over the last 2 weeks. Steady gains and no wild swings. This type of action creates a very healthy stock and provides the base for a higher PPS.
.0185 x .0188 now
1@.0185 x 1@.0186 2+ Million in volume in first hour today. Looking real good for a + 5-10% day.
Slow and steady wins the race guys. Looking real good today.
Morning toucan. Long and strong here. Go dgri!
A close over .02 today would be great.
Morning DGRIers I see a certain other gold mining play has been delayed in releasing their NI-43-101. Well guess what people we already have one! Its time for money to start pouring back into the only real gold play around. We have actually produced gold in the past couple of years and we own a 330 ton per day processing plant. We have many very promising properties one with an amazing NI43-101 (see sticky). We have over 10 Million ounces of gold in the ground. GO DGRI.
Neither you nor I know the details of these preferreds but we will soon find out. As far as your comments relating to more debt that debt is what will provide us the financing to begin production at one of our many properties at which point the debt is repaid. If you are surprised by this then welcome to the world of junior mining companies. Hollis knows toxic financing is not a good idea and instead of dumping shares on the market he is going with preferred shares a very good sign of a legitimate company.
Now your reaching. Preferred shares are reserved for raising non toxic capital plain and simple. These shares can not just be sold into the market. If they are convertible which it does not state they are then they will have a conversion price and I am willing to bet that price is similar to the debentures which are at .30 to over 1.00. They will also have a date as to when they can be converted which allows for the pps to appreciate and rise over the conversion price. Generally 2-3 years in most cases. Preferreds are a great sign and we should see an update on them next week.
I believe we may have found our financing Andrew. Please see this post from earlier in the day.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57399999
I think we will see a real good week. Friday afternoons action should spill over to Monday and we should see an announcement come out this week as an 8K must be filed within 6 days of designating preferred shares per sec rules. Very exciting indeed!
Potentially Huge News Here -
As of Sept 30, 2010 there were no preferred shares issued or outstanding but...
Update to Nevada SOS on 11/30/2010
Designation of Series A preferred shares.
Document size 8 pages
Document Number - 20100895634-48
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=B1jTBt5epqCjUrq0EjtZOw%253d%253d&CorpName=DUTCH+GOLD+RESOURCES%2c+INC.
Series A preferred shares are how companies raise capital in a non toxic/defaulting fashion. Big investors either institutional or private equity are getting involved here imo. We may have just found our financing. If Dutch Gold comes out with an announcement stating we have received X Million in financing were going to move way past .20 imo. Preferred stocks offer a company an attractive alternative to debt financing.
We are going to have to agree to disagree here. I have contacted the appropriate agency regarding this issue and they have told me where to find the permit. Basically what they have said is the permit is a piece of paper/papers filed at the local field office. There very well may be more than one permit issued from the field office such as a drilling permit and a hole reclamation permit. Again I will do my best to find this information out on Monday.
No one is not required. I have verified with the Nevada BLM that the only permit required for the type and size of drilling Dutch is completing comes from the local field office in Winnemucca. Once a mine is to become operational or extensive exploratory work is to commence then a mine proposal and reclamation permit is required from the NDEP. I will be verifying this information come Monday so lets reconvene then as we can not find out anything more until the weekend is over.
Hold your horses crusher. The field office was closed Saturday and Sunday. Come tomorrow I will verify the information you say does not exist and post the info for all to see. Finding the permit is a legitimate part of doing due diligence on the company and when it comes to DD I am always interested in the answer. On another note please attempt to keep this board civil and about DGRI only.