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May be an interesting read ... but there is nothing true about KDKN or analyst Schlotter for that matter. This is a complete scam IMO. Has been pumped more times than I care to count. Run for the hills to lick your wounds but run regardless.
I hope you are right.
But I am getting this sinking feeling that the PR on 15 Apr will state that after the 14 Apr meeting the commission either deferred a decision until additional environmental studies could be done or outright denied SFMI the requested permit because of environmental concerns over using toxic chemicals. That would be in line with everything else they have kicked down the road.
Maybe they can do the expansion next to the secret smelter location ... wherever that might be.
Someone else earlier used the line from Jerry Maguire ... "show me the money." They haven't and I fear they can't.
JMO.
Thanks CC. Maybe I have a firewall problem on my end. But something seems strange.
Do you have any updated info that you are willing to share? Sort of like the "cone of silence" from my viewpoint.
Appreciate the response.
EboJr
Understand. Most of the email addresses posted on the RAPT website simply don't work.
Gleason's is IR@.... comes back with fatal error.
I used the Info@... it got routed to INX labs automatically. Got a read receipt from Leigh Dundore on that one ... she has nopt responded.
Have been unsuccessful at reaching to Todd Jones as well.
At best, not a lot of attention to detail on RAPT management's part. At worst, well ... I'm not sure what the worst conclusion might be.
In the past Heywoody had several conversations with RAPT management ... but haven't seen any posts from Woody in quite some time.
My question to RAPT was the status of the long overdue audit.
I used the info@RaptorFE.com that is posted on the RAPT website. However, the automated read receipt I got was from leigh@inxlabs.com.
I did not send my email to the lab on purpose but that is where it ended up when I thought I was emailing RAPT home office.
It appears that emails intended for RAPT are being automatically rerouted to and serviced by INXLabs. Also noted the last name of the INX respondent is Dundore ... same as 2 of the senior management team at RAPT.
Was not my intent to confuse.
As near as I can tell they haven't found anything for sure ... but I guess that does not matter very much.
Concur. LEXG had already made a nice run before I even knew about it. Figured the best was over. Such is life.
LEXG going nuts again today. Over a million shares traded already. Bumping up above 2.15.
Is this sustainable or the bright light before the filament burns out?
Risk equation getting worse in my view.
Surf,
New book by Dr. Elder in case you are interested.
http://www.amazon.com/gp/product/0470632399/ref=ox_ya_os_product
Surf,
Received additional promotions via email last evening. Someone is still beating the drums. If I wasn't in yesterday (and I wasn't), no way will I be in today.
Not sure I completely understood your "short" post yesterday. What exactly do you mean vis a vis 1.50 versus 1.40?
Not even. Try .177
Couple of questions about Bobby Joe's most recent JPEG 004 from those of you who have been there.
1st -- looks like a ventilation system of some sort. Is that correct?
2nd -- is this system new? Don't recall seeing it before.
Thanks
Thanks.
I am not a shorter, but if I were, would this be a shorting opportunity? Looks like the gap is way down around .51 or so back on 22 0r 23 Mar. Is that the gap you referred to?
FYI. I have received 2 additional promotions today for LEXG. Looks like the promotion is continuing. I am staying out.
OK, I must be dense. What does break 52s mean?
Thanks Surf. I am just curious at watching LEXG for my continuing education. The only thing pushing it has been the promotions with preposterous claims of untold riches ahead. Much easier to watch than to risk. I noticed a big gap back around 20 Mar. Is it possible that will get filled?
Still reading Elder's book and Murphy's 1999 book arrived in mail over the weekend. Preface refers to him a a former CNBC market analyst. Only glanced at the table of contents ... seems very comprehensive. Book referred to a website named www.murphymorris.com. Thought I'd poke around but it now longer seems to be active.
Good trading.
EboJr
Surf,
Also noticed that LEXG had a good day today. Think it got back to about where you sold out. Not personally aware that the promotion was continuing but I am not certain about that.
Way too risky for me at this point.
Surf,
SFMI has started a decent move up today after months of pps erosion. Not sure if this is the start of something good or the bright light before the burn out. Or perhaps a temporary positive blip.
What think you?
Well, if this news is already built into the pps, it must not be worth very much.
Good for you. I got in so late I never had a meaningful position and I certainly am not about to buy back in big time at this point.
As I am sure you are aware, this is a momentum stock based on the promo. It has no revenue and virtually no intrinsic or fundamental value. Certainly not telling you how to suck eggs, but I think you'd be wise to at least take some money off the table, perhaps in increments, should the rise continue. I personally don't have time to watch these suckers 24 x 7 and it is easy to get blindsided when the dump starts without warning. And, as you know, it is only a matter of time before the dump starts. Heck, even if you can watch them no-stop, it is sometimes almost impossible to get out on your terms.
Good luck and good trading.
Thanks Milk. It's amazing how many of these promos are ongoing at any point in time. Never ending supply it would seem.
Thanks for a good chuckle. Today's arguments about the mysterious Mr. X (my lord, is it possible it is really Ms. X? - can you imagine the board fight that would start?) are a waste of good electrons. At the end of the day, unless the the lab tech or techs are named Butch and Sundance, does it matter? I think not. Give it a rest, already.
I see what you are saying. No arguments with any of your points.
In my case LEXG was not even on my radar until the stock was up in the 1.40 or so range. By the time I got interested in the stock much of the major appreciation in pps had already taken place so I missed that. As a result, it was and still is difficult for me separate the "painting" from the "promotion."
How and when did you first learn about LEXG? It would have been much better to have gotten in far earlier than I did. I probably see 2-3 promotions most days ... more than I can reasonably evaluate and participate in. This is a part time thing for me.
But since there is still no way of telling when this promotion will end, I suppose IDing an exact start date is not a big deal. Just that it is well into its promotion with ??? days to go.
Good trading.
Spoon ... I stand corrected on the choice of 18 March as the start date. I called up a quick chart and interpolated the date. Looks like I missed it by a week or 10 days. So, let's call it late March vice mid March. Overall point remains the same ... this pump has running for at least bit so low entries are no longer out there for the taking.
As a result, I suspect your through next week may be reasonably close. But honestly, your last point is the only accurate one ... all this will whenever the insiders decide they can't carry any more money. Could be a day, could be a week, but I don't think it is going much more than end of next week. That, my friend, is a complete and total WAG. Anyone who tells you that know the exact answer must either be the North America distributor of hot air or be one of them there insider fellers!
Wish I had gotten in earlier but simply did not see the pumps until the stock had already made a big move up. Only a small profit for me. I start getting antsy the longer a pump occurs so I decided to grab some dry powder for the next trade.
Good Trading.
P.S. - Just checked my charting service. It is showing as follows:
22 Mar Open @ .12 Close @ .51
23 Mar Open @ .85 Close @ .92
24 Mar Open @ 1.00 Close @ 1.17
And so forth. So I am thinking it's had most of 2 weeks running thus far. Do you disagree?
This is one of the largest promo budgets I have seen so they probably have a sizable amount remaining ... of course I have no way of knowing the right answer on that.
Early on I recall seeing mention of 2.00 as the first step up. One poster keeps touting 2.16 as a number which clearly is fiction and has no basis in anything solid. Haven't tracked this super close but I seem to recall low 1.70s as the high point thus far. If I were strategizing from the pump side I would release pre-written promos that shrug off today as a downward blip in an upwards journey to (pick a number) and declare today's fall as profit taking and the like, re-energize some more pumps and get the shares up toward or even over 2.00 (I personally don't think it will make it but I never try to call pump tops ... meaningless effort).
Basically I think they will try to strengthen and legitimize the tale and thereby entice more buyers that this is the real thing despite 0 revenue at even higher prices than today ... setting the stage for you know what.
How much longer? Honestly I don't have a clue but when it does happen I think it will be falling off a cliff. Can't see this going much more than a week but that assessment is a WAG. But remember, LEXG has been on a sustained upward trend since the 18 of March. Almost 3 weeks. I am sure they have burned through a decent chunk of their promo budget.
What's your take?
I took a small profit earlier and that's all I plan to do with this.
Don't think it has squat to do with actually having any legit lithium assets or properties. Rather it has everything to do with a 3.2 mil promo budget (as referenced in the pump disclaimer section). With that much promo budget they will hire Ernest Hemingway to write the promotion and make it sound like sliced bread, spam in a can and the Easter Bunny rolled into one. Equivalent of hundreds of billions of barrels of oil worth trillions ... OMG! Always disclaiming everything they write.
The insiders have many tens of millions of shares at gratis or very low basis. They can easily afford 3.2 mil to entice everyone to buy in, jack the price up and then slaughter most shareholders during a huge dump. I think that is on the near horizon.
Afraid it is what it is.
This board has been like a morgue lately. I suppose it is a reflection of the "no news, no audit, and no anything" approach being taken by RAPT management. Maybe there is a reason for their silence but for the life of me can't figure out what it is. I certainly am not a proponent of the no news is good news club. Concerned that no news approach is reflective of nothing good to report to begin with.
Market has nothing to react to. That last 30 ton PR answered nothing and just caused more uncertainty, at least it did for me. Too many of these supposedly great stories simply fade away and the pps wastes along with. Seems to be happening here.
Now 3 full weeks since the audit that never was. Go figure.
P.S. - Heywoody ... you still out there somewhere. Rattled any RAPT cages lately?
You hit the nail on the head. The gold and silver apparently is still in WEM and has yet to be mined. Or in a pile of tailings gathering coyote droppings. Or in the mill awaiting or being processed. Or in the still being built smelter waiting to be processed. Or coming out of the smelter being poured. Or in dore bars in a secure area with armed guards. Or in the trunk of PQ's 2700 per month vehicle. Or in the trunk of PQ's 2000 per month rental vehicle. Or ... add your own location. Quite honestly I don't really know where the gold and silver is ... nor does anyone else outside of SFMI ... and they ain't talking. There is lots of speculation where the gold and silver is. Historical reports, 10Ks that say stockholders are trash, or in futuristic posts from the Planet Goldar. Wanting this stock to explode to the upside ain't going to make it happen. Where's Curley when you need him?
Gold and silver can go to one billion dollars an ounce and it won't matter in the least until SFMI starts sending some of it to market.
But this much is certain, whatever gold and silver SFMI may have is definitely not in the hands of anyone willing to pay money for it. That's about the only thing we can take to the bank and you get zero for that.
Yes, sometimes a blind squirrel finds a small acorn. I got out too early but profit is profit.
Do you concur that the dump has started? Dropping on heavy volume.
I am sure the board on LEXG is hyper active. Will check it out to see if I can ID some "long shorters."
Thanks for your patient TA explanation HR. I've always been a fundamentalist so I don't pretend to understand all of your analysis ... but you certainly convinced me!
Regarding your point about a true reversal requiring some positive news. That is what we have been lacking for quite some time IMO. I am hoping they have some!
Good trading.
Thanks. This is quite an interesting document. What jumps out at me is the reality that in the mining business S&$% happens! It is dangerous work, things go wrong all the time that were completely unexpected. Setbacks are frequent and sometimes lengthy.
I just wonder if something less than good has happened to SFMI's efforts as a possible reason that we have no reports of production or revenue. I've read all the history and I've read all the opinions on both sides. One can argue either side but I contend that no one knows for sure what the truth is. Saying it or basing it on historical documents does not prove either side of the arguments that are never ending on this board.
As Jack Webb used to say, "just the facts M'am." The market is punishing the ps because no one is certain of where SFMI really stands.
I hope that two months from now or 2 years from now or (pick your own date) from now, SFMI is making big bucks for everyone. But until that happens I must remain extremely cautious.
IMO.
I believe if you check, gold was actually bouncing around 300 per ounce in 1998.
Not to belabor the point, but there appear to be shades of fully reporting. Isn't fully reporting a misnomer given the multiple failures to report on Forms 3, 4 and 5 of SFMI management.
They may be fully reporting but they certainly are not fully compliant.
Thanks. Was just curious.
Question to one and all ... Hotstocked.com says they will be announcing their so-called "Lightning Pick" at 9:30 AM today. Only reason I am interested is because the teaser email says the pick will be a junior gold company.
Anybody know what it is?
Had an order in at .23 but never got it filled.
Understand completely.
Surf,
When you get a chance, take a look at post 178 on the LEXG board.
I can't get the video to play but I am sure it contains magic pixie dust about how lithium is somehow going to replace oil. Video might contain a target ... I can't tell.
What I found most interesting was the compensation paid for the pump ... if I am reading it correctly, over 3 million!
In my short penny tenure that is bigger than any paid pump I have seen.