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As dana carvey use to say- Not gonna happen.There will have to be interim announcements prior to tailings startup.We are awaiting meaningful prs to help clarify the corporate position. Which technology will they use(my guess is the ironically safer German Technology from the folks that brought us the cyanide shower).What is the result if the independent evaluation of the minerals to be extracted from tailings.Did the company get any financing commitment from petty's trip to switzerland(from the folks that brought us the secret bank accounts and safe deposit boxes)Will FA be given free shares for his outstanding impartiality in managing this board(***)(from the guy who brought us the easy to read trading chartfor this stock). Will americano continue to use a ghost writer here whose syntax makes George Bush look like Walt Whitman in comparison. Will NYBOB be elected Pope so he can make our leader Cardinal Melgarejo in La Paz.($$$$$) Finally, will Tony marry Maria in an iroic twist to his complaint that there are too many PRs.As the late great trueheart use to say, 15 and counting.
The possibility of a buy back is extremely remote since their is inadequate funding until tailings commence. I believe the announcement was a ploy and underlying message to shareholders that they are not considering the dreaded reverse split to reduce shares.The main problem with the buyback idea is that it is a catch 22 situation. When the company has funds to buy back, the price will be much higher and therefore too costly. When the price is low ,such as now, they have no money.
see tony. sometimes you have to be careful what you wish for.
To quote a great philosopher-Never count your money while sitting at the table. No one is up squat until they exercise an exit strategy.They still do not accept shares of stock to buy food at Shop and Stop.I would live to see some substantive information here rather than sophmoric braggadocio.
I think you guys are on the wrong site. ($$$$$)
Holdem do you and your shareholder friends have an update on the status of the construction of the tailings plant. That would not be inside information since the company has stated that they are in the process of builing and have hired a manager to supervise.This project is the key to credibility in my opinion.I should join your game since I am all in on this baby. Time to turn over THe River.
NYBOB($$$$$). It is possible to get a status report of the progress in the development and erection of the tailings plant in Pulacayo. Is the new manager at the scene and activity going on. The commencement of the company's first commercially viable venture should go far to enhance credibility on The Street.It may be time to play the HI HO music.
If the stock is up today the salute may be a good luck charm. Anything helps. A better luck charm will be the actual commencement of the plant construction.As they said in Field of Dreams, If you build it , they will come. (***)
If he terminates his progeny, it would be fratricide. If he terminates you it would be bratricide. Very funny post.(***)lol
keeping the board relatively sane and posting your pr dream seems to be oxymoronic. Started your St. Pats celebration a little early methinks. Wouldn't this board be a rather moribund place to post if the company was silent about its business plan. Franly don't you think it would be more appropriate if NYBOB, a true believer in the future of the company, was the moderator here. I don't want to be disrespectful, and I appreciate that you founded this board;however, it is obvious that you have a negative bias which is ill befitting for a moderator. Cheers
bigdave- take out a chartbook like the s&p option guide. Take a page of i year history and cover up the last 6 months of the chart. Then go to the smartest chartist you know(FA perhaps) and ask him to fill in the chart to show what happened to the pps. i bet they can not simulate the actual results. Notice also how the indicators are usually divergent so that any result can be justified. Better to use the horoscope for the month a company went public.That being said I think the bollinger bands here indicate a upward move next week.
very erratic stock action and irregular volume surges and retreats indicates that the stock will soon be in play again,I believe. The prs that many find to be repetitive and full of fluff actually give a guideline to the business plan the company has enacted. the key ingredient in any successful company is good management. If you believe the Jaimes and Bill are not capable managers, a wise investor would should liquidate his position. i Investing is a form of faith based analysis. Once you no longer believe the stuff a company puts out, you have no reason to maintain a stock position. As I may have mentioned, stocks tend to move before news and events become public. If constrution of the pilot plant has commenced and the managers and workers are on site, the 4 week window will soon be fully open and the fresh air of new and excited investors will invigorate the price action. Todays buyers expect something soon and twpo or three weeks are not a long time to have a position in a company that is just starting to emerge as a player in the mining industry.
Reading this announcement with the feb20 news leads me to conclude the company will utilize the german tailings process which is environmentally safer.Since both processes can be utilized in the tailings plant being installed at the site, this statement does not presage a delay in startup. I for one appreciate the candor the company has in explaining their business plans to the shareholders who after all are the true owners of this company. Sorry tony. Whatever happened to tony the tiger anyway. ITs Great.
bullish bollinger band area. hope springs eternal.
It looks like the stock is again under accumulation and ready to mive back up. The swiss meetings might be the catalyst if the bankers there provide the needed financing for gtl and or cerro rico which was snuck into the announcement of petty's return.
loaded gun you will find that stock guru first picked up the fmnj account approximately a year ago at under a half penny. It became their most profitable pick when the price ran to 12-13cents on may 1,2006 when the nationalization scare kicked the crap out of the run. A 5,00o dollar investment became 130,000.Now they are starting from a 3-4 cent platform. Check it out. I don't like loaded guns. you can accidentally shoot yourself in the foot.
The gtl argentina announcement referred to petty going to switzerland to arrange for financing. I don't believe he would make such a trip if he didn't have serious meetings lined up. I don't know how much he needs to raise,but, if he is successful it will establish the credibiity of the company.I believe one catalyst ,such as a financing deal, will cause the stock to lift off. The only caveat is that if the market in general is in a bear mode, it will be hard to buck a negative trend for stocks overall. Also need a pickup in volume to stop the scavenging of market makers who troll in thinly traded securities.
The only ones here crying in their beer has been the non shareholders. The stock seems to be under accumulaion as new buyers come in to repalce those who are disappointed that the company is trying to get it rtight instead of looking only to quick short term startup. The fact that the new guy has credibility in the coops is very important in my opinion. I think a buy recommendation is coming
good news for a short term trader perhaps but the danger of being whipsawed remains greater. A man goes to build a house on land valued at million dollars. When construction starts, the value of the land rises substantially, but the construction is slowed by contractor delays. Does the owner sell the property at a discount or does he modify the new home with an expansion to accomodate the rising property value and equity. The market will tell the tale. This is never an easy game but the bet here is that this is turning out to be a company that will be a force in the mining industry.
nybob this news was the best yet. Desiree Duran is unbelievably hot and beautiful. Can't wait to visit La Paz. She definitely is the piece.
I think you afre misreading the guru disclosure. On the original round of prs I believe they receved 3 million shares. These are new shares and so not include petonys private purchases is the way I read it.
the guru people clesrly state that the position they hold will be sold as a matter of policy so their is little doubt that these shares are in weak hands. I wish the sec required them to reveal their current position after a press release but that is not the case. I would also like to know the period of time of the pr contract. The timing here now with silver rising and start up of production suggests that we may see a parabollic move that will require partial exit positions to take some money off the table and pray that you are wrong.As they say at otb, you have to be in it to win it.
The stockguru coverage which the company purchased for 5.25 million shares has a present stock value of $200,000. I look upon this as a hiring of a pr firm who will publish the news of tailings, gtl, otcbb listing, and cerro rico development to its readership. I believe the shareholders will be happy as their investment rises on the excitement generated by the company's progress and promise. That is all except Tony the tiger who would like to be kept in the dark. I think March will roar in like a lion and I aint lyin.
The charting service is recognizing the obvious resistance in penetrating the 4 cent level but the sell signal is equivocal with the cautionary IF. If my grandmother had balls , she would be my grandfather. The problem with trading a stock at these levels is that you run the risk of a surprise which makes reentry at a higher level difficult and psychologically damaging.The trend is your friend. It will be interesting to see if their is a reaction before the tailings commencement and the effect of the new volume increase on volatility.
I just threw my viagra away. It is no longer necessary. Just need to read the news releases.Sorry Tony the tiger.
If you have massively accumulated and you don't know who william petty is you are obviouly not a nascar enthusiast. I think he won the calendega 500.
All I want is another brick in the wall. The Petty interview will probably give some insight as to the constuction schedule of the tailings facility and an estimate as to the comencement of Cerro Rico development. Rising prices should make it easier to raise money from banks as the reserves become more valuable as collateral.Market makers seem to be scrambling to get shares to facilitate trading. A move to the otcbb should cause a contraction of the bid/ask spread and decrease the possibility of MM manipulation.I think we are moving toward a new and higher trading range as the market recognizes the vast potential here.
I agree. That is why the price is rising. More buyers than sellers.
Your constant reference to the rigid adherence to the start up date for prduction misses the point. We are watching the formation of a company literally from the ground up. If you accept the fact that the tailings pilot plant is now being erected, production will be a reality in the near future and it matters little if the date the tailings processing begins is even in mid or late March. Time is on the side of those who believe this is a real company just starting on its voyage. Looking for excuses to sell or be unhappy will inevitably lead to investment mistakes. While some here were carping at the end of the year, smart people were buying and those purchases have already appreciated multiple times. To make money in any venture, timing and luck, along with a due diligence study to make sire the investment thesis is correct, is essential. A confluence of corporate events may lead to a perfect storm here. I advise patience.
Having tried for years,i have determined it is very difficult to frontrun or time trades for significant corporate events. If a company misses a deadline, the stock can be a strong buy on investor short term disappointment and the seller risks being whipsawed. Here, if the tailings plant is under constuction, the chances are eye witnesses will spread the word. I wish we could google the address and get a surveillance satellite shot like jfk had during cuban missile conflict. Either way, things should get very interesting soon. This will not be a good time for the faint at heart. Wishing all a good week ahead.
thanks nybob for the info on plan for cerro rico startup. The details that went into this proposal is a further indication taht the companywill malke this project a reality.The music is uplifting too.
realisticlly I do not place that much credence on the 2.2 billion # since it is speculative, is shared with the comibol owners and we have no estimate as to how long it will take to mine the 5 veins. What is exciting is that if the company successfully restarts the cerro rico project and is a good employer for the downtrodden miners, it can open up other ventures with a company friendly government. At this time there is no realistic estimate anyone can have ,including management, as to the fair market value for this company to be fully priced. We may be on the eve of the birth of a major company that will be a force in the industry. Time will tell but at these prices and current volume, this is still an undiscovered gem. Hopefully plenty of smart people may soon agree with your confidence in the company. As a friend, I urge you to take some money off the table,if and when there is a major move.You will be giving someone else a chance to get involved in the company and spread the word. It will also be good for your head. good luck. Now apologize to NYBOB for your insensitive comments.It is through his efforts and due diligence that I have gained confidence in the viability of this company.His work should be applauded.
I am starting to see little bubbles forming at the bottom of the pot. Otc listing is on the horizon which should make trading more orderly and remove the large spread between bid/ask we see on low volume days. I agree that a bid of .04 will be a huge buy signal.
the chairman of the company owns 5 million shares. obviously the stock is under some selling pressure. Maybe the dwarfs have formed a union.
the tax loss carry foward is usually a straw man in analyzing an investment. If the company is in a position to utilize the loss to defray taxes, the stock will move higher on revenue stream not on an accounting machination in my opinion.With all the possible news that may be released within the next two weeks, the stock is on the launch pad with its engines running awaiting the release of the restraining arms for a serious liftoff. March shoul roar in like a lion.
thnx for the info. I'll check it out.
ot:loadedgun -I am looking at one you follow moderated by nybob (starts with u). Seems to be underperforming while it awaits the second investor payment.On a scale of 1-10 how confident are you in the management and possible start up of the DT mine.It looks like it can make a round trip but I have just started my own DD. Your input is appreciated since I am not too stupid to ask. Kind a reminds me of the legitimacy fmnj will establish when it starts tailings processing.
i am shocked that you can be so disrespectful to a person who has dedicated so much time and effort to this board. I do not need any advice as to whose opinion I should trust.NYbob is THE MAN and you best not forget it.It is your posts that are usually meaningless. I could care less about your stock position and your past foibles in investing in a compAny headed by a scamster, your namesake.I agree with only one thing....your self analysis.
hey bob- just noticed that the plan was presented to comibol on feb2 so they have three weeks from then to rsvp. tHE FEB 27-March 3 period should be very interesting and possibly explosive in PPS appreciation. If I read the tea leaves correctly, fmnj can see a listing on otcbb, a startup of the tailings project and Comibol approval of the plan to commence production at cerro rico all in the last few days of feb. Sounds like we can be in the midst of the perfect storm. ...Do you have any guesstimate as to how long it would take fmnj to mine the 5 veins in potosi. On a 50/50 split, the companys share of the project is over a billion dollars.
Only drawback was the low volume though Richard Ney believes that up moves on low volume are often significant. Specialists, he believes often move a stock up to accomodate a big order at a higher price. I suspect there will be a nice move soon as the plant nears operational status toward months end. The liklihood of positive cash flow nearing reality should stir some smart new buyers. Maybe one of the TA men here can point out the next resitance level above 4 cents.