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My scottrade account gives real time sales. it came up at 4:11.
large after market trade crossing approx. 4.4 million shares at .0076 4:11 pm. I expect there may be a little news tomorrow. Still wonder what happened to the Feb 28 letter. Btw wasn't it funny that someone did realize I was being stochastic. ;)
Hard to figure mining companies which one would think would be hitting highs with gold and silver moving up nicely. SIL(apex) has a nice mine in san ctitobal which they have invested heavily in developing for silver and zinc. Earnings out after the close looked pretty goo yet stock is near 52 week low of 12.70 dropping market cap to around 750 million. Looks a like they also trade derivatives as a hedge and that may be affecting performance. Relative market cap to franklin is still huge and they are basically a pure play on their bolivian mine in Potosi area.
Ok you convinced me that a $36 million cap is not too high. Should I buy at these lofty levels of .0075? Look at aurc. It was .18 and after a negative mining article the stock is only .02.Should I buy it instead of fmnj since they have interests in Russia a country getting a new democratic President to replace Putin.
Do you ever have an original thought or are you on the debate team at your community college and only post and take out of context statements to try to deceive to win a debate? Do you think your friend needs your support to answer the cde and fmnj analogy? Hey you have less than a grand in this stock. Relax. When you finally are even ,many here will be up many fold on their investment You are out of your Ivy League. :No go back and do your homework.:)
Looking at cde too and a comparison with fmnj and the industry. CDE is a major silver producer that has been touted by its assistant moderator as at $5 a stock ready to make a major move as the shorts get squeezed. It has a modest stock float of 248 million shares, and market cap of 1.3 billion dollars and has been up 40% in the last 6 months. Business is good and silver is rising so a double from here to ten bucks looks doable if the market cap at that level being 2.6 billion does not scare you. FMNJ is only a startup mining company running an old mine which another company walked away from 13 years ago.It has been mercilessly panned by its moderator who suggests it is a stock selling operation with bad if not crooked management who have not made a dime and has failed to follow through on past projects. It has a float that will soon be 3 billion and a market cap of $18 million. It stock is up around 100% from its recent low in December. The business has just started mining and projects that there are significant amounts of silver and maybe gold in the tunnels where production is being rapidly ramped up. The stock is 3/4 s of a penny and if the stock doubles from here to .015 t which looks doable the market cap which will rise to $36 million which may scare you. By the way the moderator recently sold his position position. The moderator and the assitant moderator at the cde IH site is one and the same. Can you guess his name?
The stock did not tank and traded rather orderly considering the carnage in the overall market on friday. If you check the sales you will that the closing offer was .009 and that the stock traded there on a 18,000 share trade 5 minutes before the close. After hours at 4:14 there was a 3,832,000 share trade at .0076 which may be a late print from during the day or perhaps a block traded by the company from treasury to a institution or individual. The absense of the posting of the promised newsletter was disappointing to me as I hoped Petty could shed some light on the status of the proceesing of the ore mined thus far. I am also confused as to the estimated 750 tons from the 7 tunnels which will be in full production in a few weeks. Is that a monthly production estimate or a total production from the tunnels? I suspect that more news will be forthcoming to clarify what is happening. Finally, my comment regarding the name calling is that it is unseemly, impolitic and unprofessional. It seems that the moderator has failed to live up to the credo he himself established as well as the IH rules regarding personal attacks. If he really did make the .004 trade and sold at .008, he did quite well with a double. Good for him and hopefully good for the chap who bought his shares. Those who believe he revealed this liquidation of his position at .008 top to suggest that he caught both a near top and bottom, and trust in his financial prowess and stock trading acumen, will be well served and if they follow his lead. I think the stock will trade much higher in the near future at which time we will undoubtably hear a different call with no mia culpa from our ersthile leader. Have a nice weekend.
What news pray tell?
At 4 14 PM almost 4 milion shares traded in one block at .0076 a rather unusual after market trade. I have no idea if this is good or bad for the future but figured maybe it was FA getting back in. LOL. The furor today regarding the disrespectful musing of our resourceful moderator was interesting but not really germane to any decisions an investor may make. I hope he is happy making a double if it is true. Read the intro to this site and see if FA conforms to his own parameters of good conduct. NY BOB was banned for a while and he is a Saint. I expect no less for our esteemed moderator who appears to have lost his sense of propriety. As for fmnj, its 15 days till the ides. good luck and I hope all have a good weekend and relax.
Actually if you punch up a two year chart you see a perfect saucer pattern which I have benn told is a very bullish chart. The right side is ascending and the upside would approach the May 1, 2006 high to just complete the saucer. Sometimes it is good to step back and look at the overall picture.
Me too. Gold is in small 1-2 gram per ton quantity and requires a different type of recovery I guess. Lokks like the gold will be the dessert if silver is successful.
How would you know a 250 million market cap is absurd ? Have you looked and reviewed the market cap of stocks in the industry. Do you know whether fmnj will be able to develop cerro rico? Do you know if the company will be able to profit from the gtl agreements or find a backer? Do you know whether there is substantial gold deposits at Escala? Are you aware of how much money Auspac committed to just invest in developing the Escla mine? All I do know is that the current market cap of 20 million according to yahoo finance indicates that this company is highly undervalued. It seem that you are depending on over exuberance and irrational public emotion to make this a monetary success, along with some plain dumb luck. In order for me to be comfortable with a investment, I try to do as much research and due diligence as possible.Oh, btw I'm knocking some plain dumb luck since many successes needed that element. Good luck to all, for some here dumbver than others. A penny for your shares today I hope. Ok a penny for your thoughts too.:)
respectfully, I think you are missing the point. If you think it is irrational momentum, you are in the camp of the great Thinker.I believe that this is going to be a significant mining company. If that is true, a 250 million cap is not outreagous. I think Mr. Petty loves what he is doing and is working his arse off to build a mining company.Even wonderful companies like apple floundered until Jobs came upm with the ipod.Your post suggests you think this is smoke and mirrors. If so, buy a lottery ticket and you will the same chance to succeed.
Never could understand Elliot Wave theory. Can you give me a simple answer for this move after .009. I don't think .15 is in the immediate future unless there is major financing involved or a buyout.
what is your technical analysis. To me it looks like there is resistance at .09 but if it breaks it, the next stop is a lot higher. What do your tea or coca leaves say?
Good morning Deutchland. Stock traded about 2 million shares in Frankfurt with bid at .005 asking .006 euros approximating the bid/ask in US. Looking foward to letter to shareholders and the next upward move.
Some fun statistics today from the microcap trade website. Of all the pinksheet stocks that trade under a penny today fmnj was: #2 in biggest net gain at .001; #20 in best percentage gain at 13%; #6 in total $ volume at $102,590; and #11 for total number of trades today at 83. Hopefully soon the stock will crack the statistics for stocks trading over a penny.
Nice action today. Stock appears to be building momentum. A gap opening is not out of the question if there is news or something exciting in the letter.Todays close may trigger some technical alerts. Have a grey goose or kettle one martini on me. :)
with 8 you get eggroll. Need to see above a penny to be more impressive.Bollinger band starting to widen.
I don't have level 2 but scottrade shows 1 million on the bid. Maybe vosmil or someone can give us level 2 and status of glbt
Big bidder at .007. Looks like ths stock is ready to move to the next plateau, I hope.:)
Its only a paper gain or loss until you sell. Never count your money while sitting at the table. It did look like a paint job until those 400,000 shares traded right after the bell. Looks like someone wanted in before the open tomorrow. Maybe we will get one of those preplanned , Pozi driven, news release predicted by the sagacious one. Maybe the finacial wizard can again repeat the mantra about outstanding shares. You think he will be happy if this works out and people like Mart get very rich from this play? He suffers from bad case of schadenfreud. Wikipedia this.
Actually last trade of 345,000 sh at .0075 after hours at 16:00:48.Sure hope that gethem has the scoop on the rigs. Was it Finacial Adviser who had the line in the There will be Blood movie: I abandoned my son. With so much negativity from a few posters(imposters?), as mining gets underway, it seems that someone has an agenda.Don't be fooled.
I noticed Petty's reference but I thought he was alluding to a new finacing deal to sell the gtl rights in Bolivia and Argentina since the East Delta was DOA. Hope he will also clear up status of proceesing the ore, the plant , financing, and what the rig deal means to the company. Looks like he is endeavoring to keep shareholders informed on a weekly to bi weekly basis as events are transpiring more rapidly.
.007 bid. If it gets to .0075 bid, that stock should make a nice move. 500 million reasons some say. Maybe but who cares as long as the company is real.This market cap is very reasonable. I am going to drink your milkshake.
Now that mining has started the results of the first proceesed tons should be very informative as to the mineral content of the accumulated ore. It appears that the upward momentum is reflecting the confidence of new money. Technically it looks like the next move may take the stock to pennyland. Only weakness appears to be the lower volume both here and in Germany but the price and up volume remains positive. Passing the 50 and 200 day moving averages should trigger some buying on increased volume.Thats my call which others of course may, and probably will, disagree.
Vozmil. The photos are reassuring that mining is underway. Furtermore, I just noticed that Dr. Arancibia was having dinner with ONE of the crews according to the caption. I wonder how may miners or crews are currently working at the site. Good to see also that management appears to be taking a hands on approach. If the company makes money, the shareholders will strive. A little good news and there can be a breakout soon.
In fact the company has plenty to show for the issuance of shares that irks you so. The miners, equipment, contracts administrative expenses, accountants, and attorneys all have to be paid to run a company. Your assumptions as to what trading strategy I used are fallacious and not germane. Be a man and make a call to buy, sell or hold now with the stock at .007. If you think you did well in trading this stock, tell us, your loyalfollowers ,what you recommend now. If the mine is a scam, and all the company has is worhless paper, this must be a preety good price to sell, no? Show everyone how precient you are. Give us the financial advice MR. Financial Advisor. Advise me but please do not drink my milkshake.
Psst, I have news for you Mr. Moderator. The company now has produced a product and will soon have revenues. I think most here have your number. Obviously no progress will please you as your desire is that the company fail. How sad for a nonshareholder to be so vindictive and counterproductive. It seems that you want to warn future investors to stay away from a company that has just gone from a startup to a actual mining company. You are losing it my friend.
Really. I am bitter that the company has become real and the stock is climbing? It's just that people who opine when they have no position are suspect as having an agenda. Bitter NO, I happen to believe in the company. O fair and balanced one, please give us the basis for saying the press releases are pre planned. (Psst think Ron Paul should be on the board?) Too bad you feel innuendo is a better device then intelligent discussions of positions. I thought that was your manifesto. Next time you moderate a board , try a company you beleive in.
Apparently you do not get the concept that the money obtained from shares to be sold are to be used for corporate purposes and add to shareholder value if the projects are successful. If you do not believe that management is developing a mining company and think you are being scammed,like your friends, sorta, a 23 yrar old who has a big $900 investment and the esteemed moderator, who owns not a single share and is waiting for a .0001 price, you should get out now that the stock has doubled off its low. For a few months you amusingly, ad nauseum, chastised the company for the feailure to commence mining. Now you are becomoing as boorish as Ralph Nader and as credible as your friends Ron Paul anacronisms.
I agree and think that is why Petty has arranged for bankers to visit in the near future, perhaps as early as this week. If they are going to provide the capital to complete the purchase of the mine, they probably want to see its condition first hand as well as get an estimate of the amount of metals the company hopes to process. As for the question of whether of not to relocate the mine, I'm not sure what is best for shareholders. If they decide to relocate and ship the mine the 70 kms to Escala there will be a down period in processing and achieving income until the plant is rebuilt. However, if the financing guys give them enough money, the will not need immediate cash to continue the buildup at Escala and start to get Cerro Rico ready for mining.In any event, once the market sees that the company is getting backing, I believe the street will take notice and shareholders will be happy.
The last 2 letters dated feb8 and feb 18 gives some insight as to possible significant events in the buiding of the value of the corporation. The financials for the last 3 quarters if 2007 will soon be released. While the numbers will undoubtably not impress, it is important that filings are current so the company qualifies to move up to a better trading stock exchange. The large outstanding share issue, so toubling to many posters here, has been addressed and fear of a imminent reverse split has been allayed. THe missing element to having a profitable company is the cash reserves required to develop its mining and gtl projects. To that end, Petty has stated that a due diligence visit with investment bankers is scheduled for late feb- esrly march to apparenetly finance the plant that the company needs to process the ore, and to facilttitate decision as to whether the plant should be moved to Escala. I am guessing that the results of the amount of gold, silver, copper, lead and zinc will be crucial in resoving this issue. The recent incresed stock volume, both here and in Germany, shows that the company is drawing interest with new investors. The chart looks like the momentum has become positive. Just my thought on a cloudy weekend for whatever it is worth. GLTA
at .003 less then a month ago you saw a possible drop to .001. Now you worry about filling the .006 gap. Usually the trend is your friend. If this company becomes a viable mining company with cash flow and financing, it will not matter if a person paid .003 or .01 for their shares.The timing for mining now seems preety good with silver near $18 and gold approaching the $1000 pschological barrier that is sure to bring major headlines worldwide and interest in even tiny mining companies. Like the internet, telecommunicatios and human genome bubbles, this may be the next place the fast money investors run. The question to answer is whether the current upward bias comes from accumulation by investors who have a handle on the company's prospects , figuratively and literally. If you fine tune it too much you can miss the big move, if and when it comes.
The timing and the issuing of the results of the proceesed tons will be nesessary, obviously, for any meaningful income estimates. The issues of :what proceesing plant will be used; the status of the plant purchase; the amount of ore processed daily; are some of the questions I would like to see answered. I hope they first process the freshly mined stuff shown after blasting than the recoverd ore left behind in the tunnels by the prior operator. It was comforting to see a photo of sparkling ore waiting in the tunnel. Hope its not fools gold. The picture continues to unfold . Stay tuned.
Interesting but what a phony market these guys have. Only 100 shares on the offer and they sell 1.5 million at the ask. The mm screens at the pink sheets are very often misleading and have no hnor as a rule.. OTC bb is not much better. Can't wait till company is listed on NYSE. lol
Its all about a company's honesty. For an example of a gold mining venture gone sour take a look at aurc a mining company processing tailings for gold in Russia. Stock at 10 cent level when a reporter for a mining mag qusetioned their ownership. Stock recovering today as after shares fell to a penny. Company to release proof of ownership next week. Plenty of questionable people in this industy and no way to determine whether you have a pig in a poke. The most important thing is the management in my opinion. If Petty is a good and honest executive and the assets are real, the company will flourish. You cant make gold out of a sows ear.
we find that these truths are self evident.. All investors are created equal. Its the timing that makes the difference my friend.... Even if you bought the stock at the wrong time originally, you still had a chance to buy when the stock sold off. Not so sure those that are buying at .007 will be doing ok but surely the business development has improved with the start of mining. You may feel I am using rose colored glasses but maybe they are giving a true view of the company.
your name is an oxymoron. We shall soon see how astute you are methinks. I ask you again opportunist... Deal or no deal. Stock is going much higher in my opinion