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winifred I noticed that you have a tendency to be fixated on historic dates which often were calamatous. The day of infamy most often cited is of course Dec 7 and pearl harbor. Your first involvement here was on May 1 which is May Day a holiday for commies and revolutionists. And you first post on this board was 9/11, one of the most evil dates of all. Did you know that Hitler died on a Jewish holiday. I don't know when that was ;but whatever date it was, it was holiday for the Jews.Looking foward to a continued uptrend here this week with a possible announcement of the signing of the contract for the pilot tailings plant and maybe an estimated date of completion and start of operations. My least favorite date remains November 22 when the great JFK was assassinated. Oh well, like I said before, in the end we are all dead.
You gotta .. start off each day with a song,.... even when things go wrong.No that was not sung by NYBOB but by the late great old snoozola himself Jimmy Durante once part of the vaudeville act of Clayton, Jackson and Durante. Actually saw him live at the Hacienda Hotel in Las Vegas. I should have visited Franklin MIning since I was in the area but thought I could make my fortune at the Blackjack tables. Now I can lose my money over a period of years with smart microcap investments rather than in a few days in Vegas. There motto should be money that is gambled in Vegas stays in Vegas.Maybe I will go back ....to visit my money. I believe this stock can be a big winner this year if the business plan is successfully implemented. Remember that in the end, like the great ones, Durante, Gleason, Sinatra... we are all dead. As americano and his duck would say...That's all folks. Looney Tunes.
Everybody tries to get into the act. Good night Mrs calabash whereever you are.
not really sox fan.On dec 7 in post12029 fa was still thinking sub penny and in post 11964 he thought a good reentry point would be .0008 check it out. The bottom reversal would be easily called according to him, but, unfortunately he never called it. Now he suggests selling at the .02 resistance area. Nice if the stock has a 1 cent to 2 cent range all year and makes 4 round trips you can make 400% on your money if he is correct. I believe a stock can never be 10 cents unless it surpasses two cents. I also believe that some stocks are just starting to become real companys and if you hold you can make big money. I never take investment advice from someone who is not richer than I am. I am indebted to the FA for starting this board and having the sense to appoint two excellent assistants.It has been a good vehicle to do my own due diligence and make investment decisions with which I am very comfortable. No one can call the market my friend with any consistency. In the end the most important ingredient to be wealthy is good luck and of course good health. I wish both to all the good people here.
Recently I had a discussion about the tailings project with a smart friend. He pointed out that since the production costs are fixed, any increasre in the price of silver and gold will translate to a nice bbost to the estimated 38 million the company expects to realize on profits based on the current prices of those metals. The 38 million can be looked upon as a conservative esti,ate assuming the price does not fall over the 4 years of the contract. Once production starts, those that follow the commodity prices will find moves more readily translated into changes in pps for fmnj.
I don't think I understand. Are you saying that a smart investor should sell here at the resistance level of .018-.02 and then buy back in at .01-.012. I always believed that you should sell your losers and let your winners run. If I sold at .02 and the stock runs to .10 I would feel very unhappy. Do you believe that this company is only a vehicle to trade. Finally, if the stock does pass the .02 level, where do you see the next level of resistance. Thanks for your input.
FA- Isn't it meaningful that fmnj has topped the 50 day moving average at .0191. If it closes above that price, isn't that supposed to be a buy sign?What am I missing?
Yes. Obviously you have little business acumen. The reserves for the property they now control are many multiples of that figure.
My knowledge comes from the announcements the company has made and my observation that the company has publicly laid out a business plan. Like many shareholders here, I was disappointed that the company could not commence the tailings project operation at the tail end of 2006. This delay was explained recently with the announcement that the Peruvian assay of the mineral content was delayed for approximately two months. As Forest Gump would say"SH#T Happens" The company wanted to do its own independent due diligence to make sure the project was economically viable. I'm sure you would agree that doing your homework BEFORE you invest your money is good business practice. I hope that answers your question.The company has an ambitious plan to commence operations for tailings and Cerro Rico in 2007. While some gaffs and pitfalls will probably occur, if they are successful in becoming a silver and gold producer, I firmly believe that the current PPS will seem very cheap in hindsight.If you don't believe, you should leave.
I see we broke the 10 day moving average of.014 and we are only a stones throw away from the all important 50 day moving average at .0192.Maybe someone can spot the resistance level if close above 50 day m.avg.
your guess is wrong and so is your reading of the status of the fmnj- comibol agreement. Fmnj would go ahead with the partnership if the independent analysis of the tailings confirmed the gold and msilver content comibol claimed. In that respect it was conditional at fmnj's option. Every thing is fine as you will soon discover when the financing is in place.You again prove the adage that a little knowledge is a dangerous thing. When reading these announcements which obviously was prepared by a person whose english syntax leaves much to be desired, a lawyers reliance on exactitude may be somewhat stretched.We would be better off if americano wrote the press releases.
lets see how good your call is sorta. Stock at .016 today and you say sub penny to follow. I will remind you of this prediction in the future if you still have the guts to post here.Thanks for being our resident contrary indicator.Maybe you should short some stock tomorrow so you can put your money where your mouth is. Ignore the fudamentals at your own peril.
someone or some group was able to obtain a nice amount of shares while on the bid at .015. As pointed out by the techies, the stock has resistance at the 2 cent area but if it successfully breaches it, we can see a nice launch. I think this .016 close will be looked upon as a great place to accumulate additional shares or new shares for those who do not yet own this baby. OT Hoagie: read your mail.Any follow through tomorrow will reinforce my belief that this stock is dirt cheap at this level.
it looks like there is a strong bidder at .015. This may be the start of something big. Or maybe not.
i am not trying to convert you my friend. You don't really believe that the widgets or in this case silver and other minerals will be sold at a loss or break even. Again the misinformation you present under the guise of informed analysis make it difficult for us to have a meaningful discussion. Those who follow you and are awaiting sub penny levels will be waiting for godot.I can't wait to read your posts when the price rises. Maybe we can again be told ad nauseum about the large amount of outstanding shares the company has so that those who are participating in the rally will sell their shares. Never much cared for freudenscheit people although your simplistic criticism is often amusing.It's a shame because you could have made some good money here if you weren't so obstinate. Looking foward to how this baby will react when new year trading begins in the morning
The purpose of the filing is basically informational so that a broker -dealer can do a due diligence analysis of the current financial and operaional info relating to the issuing company. I believe you are in error as to any incompleteness. Further the company has announced that it already has a market maker to support the listing.The lack of poor and misleading information being disseminated here, whether intentional or not, does a disservice to those who are trying to make investment decisions based on real information. The company website is an excellent source to start reading about FMNJ. As we use to say in Brooklyn, money talks and BS walks.
good find atak and welcome on board. The filing reveals that jaime, bill petty and 3 insiders directors owned approx. 60 percent of the company and only 40% is in public hands as of dec 31 2005. While these insider shares are not restricted, they are, for the most part, in strong hands and are not usually available for public trading. My friends who are familiar with sec regultions tell me that now that filing is complete, the company should trade on the otcbb within 30 days. Things seem to be falling nicely into place like a nyjet and ne patriot game plan and team discipline.
As a shareholder here, I am amazed that many posters have not taken the time to read the business plan for the tailings project enunciated on the company website. The comapnay hopes to achieve a cash flow of approximately a million dollars a month by the 5th month after the commencement of the project. It is not the simple task of building a plant and starting operations. An Environmental liscense has to be procurred and elecric and water supply to run the operations have to be assured along with other tasks like getting the labor supply, equipment and good managers. Eventually the company expects to receive 38 million US over a 42 month period. If a shareholder is a believer that the company will be successful, patience will be very important. As for the price per share, I think the stock will move when smart money believe that this is a real company and not the typical pink sheet hype. I for one believe that they have made remarkable progress in 2006 and that 2007 will be the year that the plan will become reality. Looking for a good January effect pop here as the company has cleared the air of the uncertainty of the tailings startup.
The profits from the tailings project will be used to build the infrastructure to mine the 5 veins at cerro rico. Your omission of the profit potential from cerro rico while only mentioning the longer time frame for gtl is puzzling. Further money making opportunities are possible from new deals that may be generated once the company can show comibol its success in rehiring indigineous Bolivians to work the mine.Finally truehearts description of MMS as money makers is not accurate.The are market makers and their function is allegedly to make an orderly market. Unfortunately the mms on the pink often are unscrupulous and will often fail tp post the highest bid and lowest offer as required on nasdaq and the otcbb. That is why the filing to move to the otcbb will be beneficial to shareholders when it trades there in the near future.Finally the constant harping on dilution is overblown. Take a look at the outstading shares of companies like microsoft. Do you think that Bill Gates is selling the large number of shares he owns which is in the float. In my opinion the current market cap of this comapny at year end is insanely low based on the dynamic growth potential of the company and the deals taht are already in place.
The actual float is 8oo million according to the web site. that would give fmnj a market cap of 216 million. Taking your numbers of all shares outstanding including those held by insiders, I still don't believe the number is preposterous. By the way, you may remember the price hit 15 cents before the nationalization announcement on May i.Just my opinion for what it is worth. If cerro rico is mined this year, there is no telling where the pps will go. Remember also once the company is making moiney, the gtl projects slated for argentina and bolivia may become a reality. Finally check out the market caps of mining companies once posted by silver bars and you may conclude my numbers are not out of line. The problem for many here, including me, is taht the exit strategy may begin way too soon. Happy nEW yEAR.
ok gang. the year is over and lets put this in perspective. stock ended 2005 at .0005 and ended at .0135 in 2006, a 2600% increase year to yea. I believe if jaime and bill can develop the tailings and begin cerro rico operations in 2007, we can see a modest 2000% increase to 27 cents. Good luck to all who are following and believe that this is a real company with honest managers who have instituted a remarkable business plan in a years time.Im looking for a big spike up when January begins based upon positive corporate developments. The big picture is that this may be a wonderful company to own in 2007. God bless the Bolivian miners and God bless the USA.,
The website contains the 71 page analysis report and feasability study for the tailings project. Ny bob published the report in a post yesterday. If you want to read it on the web site click on tailings project and then open dec 27, 2007 study. As nervous ned has pointed out, many here still do not understand the importance of the tailings project. The company is investing 1.5 million for a plant to start the tailings recovery. When the company has sufficient cash flow to raise 6 million dollars, it will be able to open up the cerro rico mountain project which has a few billion dollars worth of estimated minerals to recover. The 71 page study obviously took a long time to prepare thus explaining the delay which worried many investors and caused the pps to fall to yesterdays pre announcement level.As to the price per share and new investor and institutional involvement, as was said in FIeld Of Dreams, "If you build it, they will Come". Now add the fact that company soon will be listed on otcbb and there is a foundation for an explosive move surpassing the old May 1 yearly high. Ot hoagie: You got mail.Good luck to all and thanks to nybob and others for all there due diligence. I strongly believe investors here will have a very Happy New Year.
I hear he's Dancing to the Jail House Rock.Ladies and gentlemen Delraybear has left the building. Hope we see him back soon. This does seem like a form of censorship. If a poster doen't think a person's commentary merits reading, there is an ignore this poster button on this website. I am sorta surprised that they picked on the delmeister. Its been 23 years since 1984. George Orwell is alive and well and living in the internet.Merry Christmas to all. Hope you enjoy your time with your family since, in the end, that is what matters most.
Thanks for find on sec filing. I think the eyes of taxes are upon us and company will wait for new year before announcing any significant developments since the market here is very thin. This can be seen as the bid ask spread is approx 2o percent.May have one last surge of tax selling. If you get a chance PM your email since I want to tell you something off topic. Happy holidays to you and that is no bull.
thanks longhorn. I know you wouldn't give us a bum steer. I am still not clear of the meaning of the filing. Maybe the company will explain it better in a newrelese. hope JM doesn't write it since his esl course wasn't the best I've seen. This filing may be needed to get us back on the pink sheet website while we wait for otcbb approval. I have heard it takes about a month from the filing promised for this week. Tomorrow will tell hopefully. Could use a nice xmas present.
Did an easily spotted bottom reversal occur at .014 yesterday. The answer lies in what the stock actually does in the next few days. If it bounces back to lets say .025 a 78% gain off the bottom, I guess we will have spotted one. I haven't seen TA work any better than astrology charts. The answers always seem to be clear in hindsight. How about an old fashioned idea. Buy stock in a company where you believe in the company, its business plan, its accomplishments and management. That would lead one to buy a co. like say... apple.Or we can look at some lines on a paper and see divine intervention.The companies with the nice upward chart always seem to be doing well in business. Not hard to spot the bottom for these companies because there is none; only corrections in an upward pattern. That even may be the case here.Either you believe in a company or you do not. I think each of us has to anser that for himself.
Interesting scenario if one wants to take a chance and hope to call a perfect bottom. The problem is that if you are wrong, albeit a small possibility, a major buying opportunity is missed. I have been buying recently with last purchase last week at .017 since I believe that this stock has come under attack by tax sellers and people who jumped in ai late april early May at higher levels.The fundamentals and business plan are taking shape and the January effect,if there is on this year for fmnj, can be very powerful and account for a high percentage gain.The delay in tailings statup and political woes in Bolivia is toubling. That's what makes horse racing and big risk reward ratios. Good luck and thanks for your input.
The company has advised that we can expect 2 news releases this pre holiday week. The 10q to update financials and the filing of the forms with market maker that will permit a move to the otcbb market in January. The company main execs, jaime and bill, are in argentina, a short hop to bolivia if they need to travel for contracts, management etc. I remain positive that the future is bright. Since it is very hard to time major moves, I believe you have to be in it to win it. Good luck to all in this holiday season.
thanks for the chart. Looks like a cup and saucer. To me the cup is half filled. You are welcome to believe the cup is half empty.
Feels like the stock is gaining momentum. The earnings and filling for bb listing are scheduled to be announced by Dec.22. It is my understanding that it tales approximately 30 days for nasdaq to approve after filling is received. By Jan 22 stock should be on otcbb which should coincide nicely with I hope news of a production start of mining operations. The trend is your friend and I believe that a new chart will be forming off the 2 cent base which has been in place for the last quarter.I think the serious investor should try to see the big picture.
thanks for the legal explanation Riotinto. I also believe that the disclsure requirements are more rigid on otcbb and company will have to comply with sarboone oxley act wherein executives must file and affirm the accuracy of the companies financial statements making them in effect liable for fraudilent numbers. One of the things that has impressed me about management here is that they have undertaken to comply with more rigid requirements even though not mandatory on the pinks. The business plan continues to evolve favorably even though the speed is not to the liking of many quick buck artists that post here. love to have a crystal ball to see the price a year from now. LIfe is a gamble.
This news indicates ,as some here have speculated, that fmnj will soon move to the otcbb. Many investment companies are prohibited from buying pink sheet securities so this should have a positive effect. I also believe that the market will be more orderly on the bb. It looks like the company is starting to position itself for a good 2007.
taiki i have had similar thoughts about the importance of the contacts that Jaime and bill have established in south america. They seem to be working diligently to put together a fine company that may be ripe for buyout.hopefully jaime and bill are not traveling to argentia to take tango lessons.An update on the tailings would be nice to hear. I also note that the dollar volume today was only $4,000. I guess the big player bashers here have not unloaded yet.I think they mostly missed the move and hope to buy at the penny or less level. Wont happen in my opinion since this is a much stronger company now.Strange timing of the argentina announcement after close. Maybe we will get more news tomorrow. Stay the course. I think a month from now the stock will be a lot higher. January effect seems ripe here.
Maybe tou can find out some information about the mining partners. The company website refers to Rolando Mining as a partner and on Sept 12 they originally reported Kempf MIning as a partner. Rolando is based in southern Bolivia and is also known as JAB mining i believe. They specialize in tin. Can you get update and the relationships and progress of the partnerships here. Maybe Austin can be helpful. I hope the company will give status on the projects and straighten out pink sheet web site problem.
we get it silver. the tailings was supposed to start at the end of october. how many times do u want to [post the same boring inane message. move on and dont let the door kick u in the back. you have no original ideas.
silver u are not as smart as you think. bad analogy. since ytour out these posts r like sour grapes. Go on with your nlife. I never post on positions I have discarded. What is the purpose my friend. Trying to help the shareholders or expressing your disappointment in a bad investment.
its a low volume stock because there is no pressure on either the bid or the ask. try to sell and see whatr happens. trust me you probably would not drive the stock down. for all you know there is a bidder to buy a milloion shares at .0185
try to open your mind and please do not cast aspersions on me. i assure you i am not a dumba#s
try and sell say 100,000 shares and see what happens. You dont know my comments are ill founded unless you try. go ahead and make someones day.After you get 100k off you can try to unload some more. I say there is a buyer for your shares. Did you know that Soros always tries to sell stock before he takes a position in a company. If the market absorbs his short sale, he goes in and buys. Maybe you can figure out why he does that.
Your criticism is ill founded and does not serve your purpose of hopeing to sell at a higher price. You may also be surprised that you can probaly sell your Big position without disrupting the price as a smart buyer will probably accommodate you.Do you think the petty announcements of the tailings production and assay of samples was BS or can there be some plausable reason for the delay.I tried to suggest that possibly there is a problem with Rolando mining signing the contract with comibol, a condition precedent for tailings commencement.Isn't anyone interested in doing any due diligence here or will we just have a bunch of clowns bitching to each other due to a stagnant price per share. I am not interested in reading a lot of vapid posts from lazy investors. This is not a direct criticism of you delray so please do not feel the need to respond in a negative tirade fashion. If one researches and then no longer believes the investment will be profitable they of course should move on. Those who missed the initial move and hope to beat down the stock so they can buy again should forget it because with stocks history rarely repeats. That is why this is such a difficult game. And then in the end the most important investment quality to have is ...alas....LUCK. I wish this for all here during this holiday season