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Dan Dan Dan....What are you really saying? If there is anyone I trust it is you....Will we be smiling soon and how big and long will the smile last.
Things do not happen like that regarding putting an order in by mistake at .45 and it fills. It will be corrected the broker will call the mm's to adjust the trade. No way will that stick let's be realistic.
A2....What is so special about February 12th?
I do not believe that you sold for .45 if you did how was it done? What was your sell order at prior to the sale? I had a sell order in at .085 for months and it did not take it so wht you? My guess is the sale was at .045 not .45.
I have had enough of this regarding the lab closing who cares? Give Walter a break. Every company, lab, small, large or hole-in-the wall was for all intent and purposes SHUT DOWN for the Holidays.
A2Gems....I agree with Shadera but I understand what you are saying you want to make sure your info is accurate but as I see it "offices" may be open during the holidays but there are actually very few people working. I assume when Walter made that point about offices closed.... know one is accepting any new business and to wait after the holidays. You are getting all worked up for nothing.
As I mentioned before this stock goes down for weeks but also goes UP for weeks look at the charts. We have three days of upward pressure and there is heavy buying from somewhere not just us, this is a large group buying.
.115
A2....The article that Deann provided are pretty good reasons. No guarantee but I like the chances.
OT....Wacko...I need to send you the Subscription agreement and then we need to talk so I can get you in touch with the company. I will need your e-mail.
Who has the rights to the property
Sorta....Not yet but I doubt if MYNG will take a chance on any fradulent announcements. Their CEO is also an attorney he is no dummy.
OT....MYNG in my opinion next couple of weeks for reserves announcement.... read their latest news on the status of the reserves. They are waiting for a license and it takes two weeks so that would be mid-January, in my estimate. Check the chart I doubt if we will go lower than .19 but you never know if it does it will be very minor.
Dr., WACKO and Sorta....I will combine answers to all your questions:
1. Gold is $416 next resistance $420 Jim Sinclair one of the "experts" in gold who called that last run up in the late seventies and early eighties sees gold at $450 in January. I would visit his site every day he has short updates and I would follow this guy regarding gold, he knows his stuff (jsmineset.com).
2. 144 shares are "restricted" shares directly from the company and you need to hold for at least one year, therefore, the discount in price at .11....I have both restricted and un-restricted. I believe, 2004 will be the key for MYNG so instead of watching it go up and down I will just buy low at .11 and hold them until the fireworks happen, no panic the timing should be good. BTW, MYNG has been a very stable stock as you can see from the low's and highs for 2003. If we get movement over .30 (resistance) then it should start to move.
Anyway, I thought there were more questions but this is all I remembered.
OT....If anyone is intereted I may be able to get you 144 shares at .11 but it must be done early next week before their announcment on reserves. You will need to hold the shares for at least one year but by that time gold should be over $500. I will need your e-mail if you are interetsed.
OT....MYNG make sure to listen to the CEOwebcast on the www.geii.com web site under press releases. The web casts were in June of this year and there are others also.
Dr....I have been in MYNG for over five years and I know the company well it's a fantastic story and it is just starting to unfold, here is a summary:
1. I first purchased back in 1998 based on their third, yes, third geo report on their property in Bolivia. The results were over 6 million oz's of gold and possibly the largest gold find in the world. The SEC did not like their report because it did not pass SEC 7 guidelines. The stock moved from .05 to 1.75 in that timeframe.
2. The SEC took them to court and MYNG won their case one of only two in the history of NASDAQ BB stock that beat the SEC.
3. The stock suffered because of the SEC but MYNG was not proven in the wrong but investors were nervous and gold was in the dumps at the time. MYNG survived SEC and continues to believe in their property. They hire Beher DolBear (SP?) one of the most well known mining cosultants in the world. They studied the property and stated " that the deposit was very unique and is spead out for miles but eratic". What they were saying is that it is the largest alluvial gold deposit they have ever seen and they have never seen anything like it.
4. Top management from Barricks and Newmont (must check their profiles at www.geii.com). Terry Turner is well thought of in Bolivia he is also the only practicing American attorney in Bolivia.
5. MYNG has stated that the gold is one mile wide and miles deep. You need to understand the history of their deposit. In short it has produced over 32 million oz's tracing back to the Inca's and because of the make-up of the geography over time the hills have moved and pushed all the gold in the Tipuani River and thus has built up layers upon layers of gold.
6. MYNG has two properties Cangalli and Buen Futuro; they are producing on Cangalli and will be claiming gold and copper reserves in about two weeks with Buen Futuro.
Sorry, for the length but when this all plays out they will be the story of the century for gold. You will not go wrong with this one, they seem to always survive.
WACKO....Your style is similiar to mine going all out with NSDM and gold stocks. I like KMGM and I will be buying but I need to wait for NSDM to move up some more before I grab some KMGM. I also have Golden Eagle (MYNG), I have been with them for five years and they are finally producing gold and will be announcing reserves this month on another piece of their property. Like KMGM great mangement and if gold continues MYNG will be over $1+ by end of 2004. I just purchased more 144 shares at .11 stock is currently at .21 and with their reserve announcement this month we hope to see .40+, IMO.
Remember last time NSDM made its run from .01 to .22 it had like 16 straight trading days of upside. I have a feeling it will be similiar but not quite as straight thru as last time but it may even be better if Manitoba "mania" comes to fruition.
If you use Fidelity the commissions are extremely high. I transfered to Ameritrade.
Penny and newbies....Once the reverse merger was completed in June NSDM in essense inherited the .91 as part of the merger one large shareholder sold his stock down to .01 and then NSDM was born and had a rise to .22 this late summer and back to where we are, .03. So to answer your question NSDM's high technically is .22 but with these current prices and most of the selling out of the way we hopefully should see double digits soon, IMO.
OT....Regarding ETLS buyetlsnow may just be right I bought at .10 and sold most of it at .20 last week. I will buy more at the current levels. I believe .50 is realistic with the low shares out of 20m.
Anybody want to celebrate we were "green" all day, nice change.
A2Gems....Do we know for a fact the properties they selected for drilling were the best properties? It seems to me that one week of drilling is not a good enough sample. Maybe it is but this seems awful quick. How many more properties do they have in Canada for drilling? I assume they will get this right since some large companies are anticipating these results.
You guys know there is News out, right? I like the part where Walter mentions some large Diamond companies are interested in the property both technically and financially.
You put in a buy order at .06 and they will fill you at the market price.
diaperdandy....Regarding Black Sea if it was public wouldn't you think they would not have to merge into the shell like they did with Omicron. I would say private.
It looks like Walter is right that most of the selling is behind us but remember it's part his fault for giving those shares to the organizers of the shell. He should of sent them over time with some restrictions, not give them to them all at once. I hope he learned from his mistake and he will give us now what we want "good news" and a upward direction in pps.
I am mentally exhausted looking at this stock. I would love to find the sellers to ask them why? If they only held with the news they would have had more money. The stock would have had a lot of "momo" going for it and it would have climbed steadily.
So WACKO how many shares do you have? BTW, we should start tallying our number since we have been talking about shares so much. I have 750k shares so there is a start. Who wants to tally it up?
Dan...what percentage of the Ukraine property does NSDM have rights to?
This might be making sense my guess is the Omicron group got 30 million so if Walter has 360 million we are up to 390 million. Now lets add 8 million for the "new" promotion that has either failed or hasn't taken off yet and I hope for the latter and roughly 4 million for the "old" promotion groups and now we are at 402 million and I swore the original shares Walter had was 412 million but this is close enough. So folks that is where we are at and the sellers are...............all the above except Walter for approximately 42 million shares give or take 5 or ten million that are still being held and most likely the only portion of shares left would be Omicron (my guess is they or he sold at least half).
I will buy that.... now the questions is? Are they "done" and since Walter knows all these people and groups I would think he is telling us the truth now after the fact. This better not happen again, IMO.
Now hear is my summary of what I know about the selling this is all based on my involvemnet since the beginning and I will try to go by some semblance of logic but I am not giving any answers because I don't know the answer:
1. Selling by the original promoters....No, The original promoters and "day traders" from the original "stock blast" have been out for a long time. My guess on total shares for the promoters is roughly 1.2m shares each and I believe there were three.
2. Selling due to orginal buyers below .03....No, not them they have been gone a long time ago and some maybe are buying now.
3. Selling by the "average Joe" for taxes purposes....Yes, but not to the tune we have been seeing. The "longs" or "newbies" buying would of offset that. So that is not the answer.
4. Selling by the "Omicron group".... A big maybe I am familiar with the old CEO but can he be trusted as a long term supporter. He denies the selling and says he only has 500k shares but I believe his family is holding more and they could be selling on his behalf. However, this does not make sense in one way because he was the one who set up this next "promotion" with a very strong group. Why would he sell if he was expecting this group to help push the price back up. Dosen't make sense but maybe he got frustrated because the "buying group" did not materialize and sold but the question how many shares does he really have. I heard the majority of his shares are still restricted.
5. The "new" buying group did receive shares. Were they selling....Possibly but how many shares did they receive? Maybe they received those 8 million shares one month ago. If they did it still does not answer all the selling but maybe some.
6. Is Walter selling....He says no, but he is the only one I know of with a large amount of shares. I believe he is not selling a lot to attribute to this steady decline but he may be part of it.
7. MM's "naked shorting".... Most likely but does this contribute to the decline?
IMO, I think it is a combination of
8. #4, 5, 6 and 7
I believe it will end soon at least I hope. Should you as an investor still hold? Yes, seems like a good base around .035 it would of been down lower if we weren't seeing a "slowdown" in selling. I am still puzzled because all the groups are benefited with an increase in price except our friends the MM's.
P.S. I posted this again because some may not of read it due to my question in the subject heading.
First of all who is Matt at the Stockbroker?
Now hear is my summary of what I know about the selling this is all based on my involvemnet since the beginning and I will try to go by some semblance of logic but I am not giving any answers because I don't know the answer:
1. Selling by the original promoters....No, The original promoters and "day traders" from the original "stock blast" have been out for a long time. My guess on total shares for the promoters is roughly 1.2m shares each and I believe there were three.
2. Selling due to orginal buyers below .03....No, not them they have been gone a long time ago and some maybe are buying now.
3. Selling by the "average Joe" for taxes purposes....Yes, but not to the tune we have been seeing. The "longs" or "newbies" buying would of offset that. So that is not the answer.
4. Selling by the "Omicron group".... A big maybe I am familiar with the old CEO but can he be trusted as a long term supporter. He denies the selling and says he only has 500k shares but I believe his family is holding more and they could be selling on his behalf. However, this does not make sense in one way because he was the one who set up this next "promotion" with a very strong group. Why would he sell if he was expecting this group to help push the price back up. Dosen't make sense but maybe he got frustrated because the "buying group" did not materialize and sold but the question how many shares does he really have. I heard the majority of his shares are still restricted.
5. The "new" buying group did receive shares. Were they selling....Possibly but how many shares did they receive? Maybe they received those 8 million shares one month ago. If they did it still does not answer all the selling but maybe some.
6. Is Walter selling....He says no, but he is the only one I know of with a large amount of shares. I believe he is not selling a lot to attribute to this steady decline but he may be part of it.
7. MM's "naked shorting".... Most likely but does this contribute to the decline?
IMO, I think it is a combination of
8. #4, 5, 6 and 7
I believe it will end soon at least I hope. Should you as an investor still hold? Yes, seems like a good base around .035 it would of been down lower if we weren't seeing a "slowdown" in selling. I am still puzzled because all the groups are benefited with an increase in price except our friends the MM's.
osger....OK, tell us why you think and who was selling and of course in your opinion only, if you know what I mean.
Christian that was your best post ever. It flowed very well no emotion just confidence.
eibbanker....I agree I have to believe the majority of shareholders are in this between .05-.10 very few are in this at .03 or below. I have been here since .01 and my average is at .03 after putting my profits back in so I am not selling for a .01 increase. I have no idear other than some big player/players may be in this at .01 or less for work they may have provided NSDM in the beginning stages. Of course there are shareholders selling who purchased at higher prices but not a big percentage. I give up on determining why there are larger sellers out there. But I do agree this stock will continue it upward trent to double digits. How far I do not know but if I had to guess I would say bewteen .17 and .29.
Dan did you get filled at .05 I find it hard to believe you can not get filled.
skyrider....Let's not get carried away with price predictions .10-.15 is a huge one day jump. I am expecting a least .05-.06. I think it will take a few more sessions to get over .10. If you expect little you will not be disappointed if it's better than your expectations than that is even better.
Dan....The whole thing....Are you saying their sitting in the Tuff zone? I am sure others were also confused. In laymans terms I guess what you are saying we are very close to the main "artery" for more diamonds, how much who knows until the mini-bulk.