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Only a handful of shares left at a penny. Nice support today :)
Yes. AWSR was working with Tommy Belesis to raise money, but the deal went south because his partner tried to hijack the deal for himself. While it was unfortunate it didn't work out, AWSR didn't lose money in the deal.
America West is a nano cap. It's hard to compare to other companies in the industry because of their size and focus on clean coal. Most operate with high debt, low cash like AWSR.
I am not sure I understand: "Those plans would have been disastrous to the retail common." concerning Denly Utah. Denly Utah has provided loans for shares. However the OS is still very low here.
Great to know! I don't doubt Tony is going to keep providing timely updates. He has done a great job communicating through I-1 so far!
I am guessing we will get an update today or tomorrow. A good update will easily send us to 2 cents or higher IMO. Congrats on picking up more shares.
Thanks GB. Obama invested $5 billion in clean coal and plans for job growth in the industry. I think a combination of higher clean coal prices and revenue growth will greatly benefit AWSR.
Just over a year ago, around $30 million shares of AWSR were traded for $1 a share by insiders. While I don't think this is reason to invest, I do consider it a positive when looking at a small company like AWSR. With the development of carbon capture technology, I think this is just the beginning for clean coal. JMHO.
Here is an interesting article I found recently as well:
ROCKEFELLER RENEWS EFFORTS AT CLEAN COAL TECHNOLOGY DEPLOYMENT IN WEST VIRGINIA
http://www.power-eng.com/news/2012/08/08/rockefeller-renews-efforts-at-clean-coal-technology-deployment-in-west-virginia-august-8-2012.html
Also listed on Obama's website:
http://www.barackobama.com/energy-info#!/cleancoal
There are many companies in the industry and they vary in size. AWSR has a market cap of $8.9 million currently. Here is a link I found:
http://www.crmz.com/Directory/Industry603.htm
Coal prices are expected to rise, along with natural gas. Clean coal is going to be big IMO. Very undervalued. Thanks for your informative post.
I think it's very possible...We could move up cents at a time IMO. With so few OS, it's very likely with good news.
I think you're right about natural gas. Interesting articles from today:
Chesapeake Plans More Asset Sales, Forecasts Higher Natural Gas Prices
http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201208071058DOWJONESENRGYSVC001052-1¶ms=timestamp||08/07/2012%2010:58%20AM%20ET||headline||Chesapeake%20Plans%20More%20Asset%20Sales%2C%20Forecasts%20Higher%20Natural%20Gas%20Prices||docSource||Dow%20Jones%20and%20Company%2C%20Inc.||provider||ACQUIREMEDIA||bridgesymbol||US;CHK&ticker=CHK:US
Lawmakers urge Obama admin to approve natural gas exports
http://in.reuters.com/article/2012/08/07/usa-lng-exports-idINL2E8J77ES20120807
He's probably going to announce this in a PR. I'd expect it in the next 7 days. JMO.
Great news!
Booyah! I'm ready for WGAS to take off!
Yea, I expect them to be on time. I'm thinking we are going to have a good quarter.
I expect to see earnings around then. I don't expect any delays, but am not 100% sure.
Awesome!!! I'll look forward to this!
It's great to have someone here that was in the industry. Also, I like that you have a position in WGAS.
What is your take on the PR from 7/29, specifically:
"The initial reserve review, by an independent engineer, put the valuation of the behind pipe reserves in the I-1 well bore, P1 reserves, in excess of 15 BCF plus liquids.
Based on previous production, from the various productive sands, we are looking at 28-38 bbl per mmcf. We are pleased the testing on the I-5 sands, perforation depth 11,118' – 11,124', has produced 37 API West Texas Intermediate (WTI) crude oiI. We anticipate condensate production from all the other productive zones."
Thank you in advance.
I think you are accurate with your analysis, but I'd say head and shoulders on the pattern. What do you guys think?
I'm glad you brought this up.
Here's a link:
http://www.investopedia.com/terms/i/inverseheadandshoulders.asp#axzz22UUgcUG8
Cool, I will check it out. This company is new to me and I didn't know there were partners involved. Thanks for the reply.
I was thinking the same thing. I'm glad you and I were on the same page today ;)
Great! They do have a lot to be happy about indeed. I'm going to guess we see news tomorrow.
I did my DD. I'm not impressed. They have done nothing but lose money. Do you think a $2 million company is going to beat out a $16 billion company with a better solution? LOL!
PSID is losing way too much money. They have 0 revenues as well. I expect more dilution to come. I am going to stay away from this one.
I haven't sold a share :) WGAS is on the way up!
I picked up shares down near a penny today :) That should help.
Very nice! I think we are about to make a nice run as well. My posts keep disappearing today...funny how that happens :)
Thanks. We are happy to have you here :)
Solid analysis. Agree with you completely. Everything points up :) WGAS is ready to fly. It's not looking good for anyone trying to buy on a dip from here. Anything under a penny is gone IMO.
I think so too. But it's expected for some to take a nice gain and sell. I am in for the long run, as opportunities like this don't come around often.
Exactly what I was thinking too. Today was a great day for us to finish up. I am sitting on my shares. I am buying if it dips again. Good call doing that today.
I don't either, but considering the volume was down, it didn't look like many sellers were responsible for the big drop.
Crazy day. I hope nobody got scared and sold this morning :) Someone wanted some cheapies. Go WGAS!
Moving back up. Glad u picked up some cheap shares XZX. The price isn't staying down long :)
Go Bert! Congrats!
I'm holding AWSR and may pickup more shares. Undervalued IMO.
I'm planning to hold for the long run. Sure, you could flip this for quick $, but I am in for the long run and the big $. WGAS is about to produce! I-1 alone leaves us way undervalued. With our other assets considered, we have a long way to move up IMO. Best of luck either way. If you get out MacT, you will still have to post your analysis from time to time :) I know I said indicators weren't as important as other factors, but you have been right about the movement so far based on indicators. Either way, it's a hell of a week for WGAS!
I think indicators are useful, but not as much on micro caps. At least not one trading with the volume and momentum WGAS has. I-1 and news is the deciding factor here IMO.
Even considering there are more shares OS now, volume is huge!
Crazy volume this week! We are moving up quickly :)
Good analysis throughout the day. Thank you for posting. Another great day from WGAS!