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not so sure. went to .023 bid and didnt hold. something feel funny here. hope it is positive.
I think that if we get the tailings project started and have a cash flow for further development, this stock may become a takeover candidate for a competing mining company.Does anyone have a true gauge or the present market cap of fmnj. I bet it is unresonably inexpensive based on the industry.I believe that the upside here is quite high with two and a half cents a real low risk reward for potential NEW investors. Love to have a crystal ball for the closing price 1 month from now.
Tough audience the crowd here. The company is working on a development plan for the 5 cerro rico veins. i expect that the company will soon announce the report of the independent assayer regarding the analysis of veins and production capacity claimed by comibol.hopefully it will be confirming or at least in the ballpark of 2.2 billion dollars, a nice ballpark indeed. tailings analysis also can make it a go soon. i am counseling patience. the stock can easily breakout here if they keep to the plan. a big if but i am a believer. this one deserves the big bet on a risk reward basis.
my chart reading is that the area between .025-.03 will be an area of resistance. If, we break three cents ,a move to a nickel or more can come quickly. stock looks strong here but volume needs to confirm the support.
the news that Behre Dohbear has issued a report would indicate that we should get a fair idea on this independent appraisal of the true size, scope and contamination levels at the cerro rico project. The company has spent 140,000 US for this report. It seems we are on schedule for probale commencement of operations there in early 2007 if the tailing project is started on time so company can have the cash flow and revenues to procced. Keep your fingers and toes crossed that the report is favorabvle. stay tuned. It looks like the news will start to be desiminated shortly.
interesting news on nickel and tin breakout. do the tailings contain tin?
mart and others- the update of the website providing clear business plans is unique and I am surprised that it has been bashed by posters, and especially a poster who has a massive life altering position if he is correct in his bet.There is no reason to weaken the confidence of shareholders. Volume today was disappointing as only a little over 1 million traded for a $ volume of approx 20 grand. Thansgiving will soon be here in my humble opinion.
argentina news is old and probably too erly stage to be significant.Looks like mms are trying to shake out some sellers. i think there is a big buyer who started to accumulate yesterday waiting to pounce. opinion based only on watching trde volume on uptidcs a good barometer of trend.Expect a move to two and a half cents soon.
Good to see the volume increase but to put into perspective, volume should be at least 10 million shares to confirm that prospects( a good word) are looking up for the company. Today will be crucial and a slight gap up on bid/ask will be a good sign if it occirs. Looking for a move to otcbb soon and some news from the company as to a start up date for operations. Happy birthday to christopher columbus. got a good feeling about this one right now.this price may look like a steal in a short period of tome. hope the ducks are ready to soar.glta.iman
certainly looked like accumulation here as volume was way above last 4 week daily average. hope someone has a good reason to buy. also note that volume on this page indicates a total volume of 9,454193. it was approx 4million at the close. anyone know if this is a typo.
thanos- the company has stated that it expects to have its tailings processing plants operable by early 2007. It is not productive for members of this boasrd to post misinformation. If I am wrong, please advise of the source of your 2-3 year estimate.
tricky- fmnj has leased a plant to use immediately. i believe that production from the lesased plant could start this month. after they get cash flow from the tailings they intend to build 10 plantswith the income. the pilot plant would be the first of ten.
trueheart- I agree that once the tailings project starts, it will generate credibility in the investment community. Noticed the company is presently analyzing a few tons of ground up material. Hopefully there will be no fools gold in the sampling. keep the faith. considering the low volume the stock seems to have hit a flat line floor. otcbb listing also may generate better trading patterns.
longhorn- Investing is a tricky business and often doing the opposite of the conventional wisdom called being a contrarian separates the winners from the losers. This stock is a good buy because it has been kept low by people who were afraid of the political situation regarding nationalization. While Chavez and Morales appear to share a common socialistic ideology,morales seems more willing to let the capitalistic system work within his framework for a more equal distribution of wealth in Bolivia. Chavez is brazingly anti american and I think and hope his radicalism will not prevail and venezuela will move on to a more moderate leader. Does anyonre have any idea of early polling on chavez's popularity.
I have a somewhat and more optimistic appraisal of the situation. For all its vast natural resources, Bolivia is still the poorest country in s. america. Instead of attributing sinister behavior by new socialist leaders coming to the fore in poor large class difference places such as Venezuela, the politics suggest they are appealing to the masses with a promise to build a middle class in their country. A belief that they were in fact imperial slaves to foreigners who raped the land and gave poor wages to bolivian miners, is what hpoefuuly is the reason the government is receptive to a mining company that has a bolivian who cares for and identifies with his people . Jaime has expressed his governments mandate that corps share the wealth with people. hopefully. It is that promise for a new and exciting life for colombians that makes fmnj an attractive company. If you worry about political upheaval this is not the stock for you. The present government may be around for a long time .No body thought Castro would last and its waht 46 years.
i believe the release of uadited financials completes or almost completes the final steps to qualify for otcbb status. I hope that the company will be listed shortly since it should generate orderly market maker tansacitions as well as more creibility for the company in the investment community. A litte news here regarding startup of tailings production may be the spark that moves us onward and upward. still nibbling as i think the level here is very good for accumulation.
if it works out you never have enough. i believe this can be a huge winner. maybe a ten to twenty bagger from here. glta
just read some of new info on website. in my 40 years of investment experience, i have never come across a more forthright and informational company. That thet are so honest on the pinks, where anything goes, is even more impressive. Interesting that they are in the process of analyzing three tons of material to see how profitable the tailing Pulacayo project will be before purchasing the pilot plant. I wonder if they are still going to lease the first plant to generate the initial cash flow. Hands on smart management is the key to siccess. I truly believe we have a big winner here. Should not take long for some other smart investors to wake up. buy it when its cheap. we will not be at this level much longer if the analysis out right.
hard to believe 10 trades all hitting the bid of .02. i think the mms are trying to fake us out. expect a big move soon to the upside.
The calm before the storm. Low volume and little movement as stock meanders. The start of tailings project will gaive the company credibility with the investment community as well as needed cash flow to start the cerro rico mining. If we are on schedule for october start, we should see a little front running as evidenced by volume and stock price rise. Techies may have noticed the flat line pattern which is bullish. glta. iman
gentlemen and ladies- They don't ring a bell. It is my experience that major moves occur BEFORE news is released. If this company actually stars processing tailings in mid november I expect a liftoff from this 2-3 cent range to a nickle or so.
I think the money players will be here soon. If the business plan is viable, this news is really big for shareholders. I expect a good first move right here maybe even today. We should breakout above the 3 cant level and move to 4 cent range with little upside resistance. Maybe even a recommendation or two is also comming. Plan to buy more as the train is ready to leave the station. Real nice board here with good people. You and I deserve it. good luck to all and have fun. Were on top of the world
It is an exciting time for fmnj as it gets ready to start production next month with a project that will give it a profit of 200,000 the first month with ramping up to 2 million a month as the other 9 plants go on line. Once this business plan starts in October, I believe smart investors and funds will be all over this stock. I think that we will see a 8 cent pps by the end of december. If Cerro rico starts up in early 2007 the sky is the limit. FMNJ building a company from the top of the world should be the company slogan given the high elevation of THE CeRRO RICO. Soon we will all be rico.
The volume falloff is worrysome since it is difficult to determine what a large order on either the buy or sell side will do to the stock. If someone tried to buy 1 million shares at .026 would he be able to be filled. I doubt it but one does not know for sure. George Soros would test the waters when he was interested in taking a big position by first attempting to sell naked a few thousand shares. If there was a buyer, he knew somone else was there as a floor and would then buy back and add on big time. Maybe Marticilliscum would be interested to add a half million shares here to test the waters. BTW. The recent correction in the metals indicates that silver prices have little effect on fmnj at this time.
In fact, the amount of the investment has little to do with the affordablity of the stock. The more you bet the more you get and the more you can lose. Right now all you can lose is two and a half cents or your shirt.
Don't worry about dilution. The amount of shares outstanding is not reflective of the actual float. If the company can get their business plan working and earn real money in the 4th quarter, we will all be happy campers. So far all I have seen is a hard working management who continue to forge ahead with a viable plan to make this into an outstanding company. Patience is a virtue with new companies. If you hold on and believe in this management I think u will be well rewarded.
Thanks norel for highlighing the numbers on the tailings project.My calculations based on a net profit of $270,000 per plant per month leads me to hope that the company can have the 10 plants on line if they parlay the profits in approximately 3 or 4 months. The math: In one month company can build 2nd plant for $15000 and have $130,000 in reserve. At month 2 assuming 2 plants operational company nets $540,000 which added to reserve gives them$670000 allowing them to build 4 more plants for a total of 6. These plants would generate 1.5 million in income per month. Any comments on the accuracy of this reasoning. If they can pull this off, I believe this can be a huge winner for investors.
Ok math students. A company buys a plant for 1.5 million which makes $50000 a day.They plan to reinvest the 50000 to buy a new plant for 1.5 milion.How long will it take to build 10 plants. After the plants are built, what would be the net cash flow from the 10 plants.
Ok math students. A compnay buys a plant for 1.5 million which makes $50000 a day.They plan to reinvest the 50000 to buy a new plant for 1.5 milion.How long will it take to build 10 plantsw.
Food for thought. Does anyone have any idea of what the cash flow per day will be from the tailings project. It appears that the company has invested 1.5 million to buy a tailing plant that can process 4oo tons of ore per day. ? How much money does fmnj make per day on this process. The total investment parlaying the cash flow to build 10 plants is $15 million.How much time will it take to reach the 10 plant project. This info can be extrapolated when the company is able to erect the 2nd plant. It is an interesting progression, and has vast implications for the viability of the company. Once they prove this works, I would expect a investor, or banker would step in to speed up the process. Any comments anyone?
The .22-.28 spread can be explained by the low volume and someone who hit the .25 bid for 100,000 shares. Market maker then tests to see if seller will take a step down price of .22. If it doesn't get hit, expect the mm to move back to bid .25 to see if seller is still interested. Not much inference can be drawn on such low volume. Expect volume to increase later as the weekend nears.See we have a new poster who posts the esoteric message that great news is coming. Would like to know what it is and why he is not buying in front of the announcements.
The .22-.28 spread can be explained by the low volume and someone who hit the .25 bid for 100,000 shares. Market maker then tests to see if seller will take a step down price of .22. If it doesn't get hit, expect the mm to move back to bid .25 to see if seller is still interested. Not much ninference can be drawn on suchn=low volume. Expect volume to increase later.
and don't duck the question.
you got it. this price is a steal. don't get too complex. If it was easy everyone would push this up. believe.
With all due respect, your criticism is way off base. Perhaps you would like to invest in the protypical pink sheet company that tells you gotz.This company is way undervalued due to the perceived turmoil in Bolivia and the misfortune of having the nationalization announcement on May1, The biggest day for communists, coincide with the culmination of a major deal for franklin. At 3 freakin cents this may well be the stock steal of the century and your input may cost conscientios readers of this board big bucks. When the big money players catch on, probably around the time of bb listing, this pps will seem like a joke. Sometimes you have to base business judgments on your faith oin management. If you don'[t have it, get out now at a nice profit from the pre under a penny days.
Silverbars- In my 40 years in investing in stocks ,I have never seen a company that is so forthright in their business plan.As a follower of the mining industry, can you point out another that has been so informational about their business. If you don't have confidence in this management, I respectfully suggest you look elsewhere. This is a industry where greed is the usual motivator and fools gold the usual result. Give them a break man.
heading for the threes
you guys are quacking me up. let's hope the stock doesn't quack here or your goose will be cooked.
A move up on low volume is more significant than a high volume move. It is indicative of a lack of sellers and very often the big order on the mms book cannot be filled until the stock moves higher. This phenomena places the mms on the buy side until they accumulate enough inventory to complete the order(s). As we get closer to the significant news release of a commencement of mining operatios, the stock should move higher. A move above.032 should cause a runup quickly to the .04 area where there appears to be the next meaningful area of resistance. Not very impressed by the knowledge of the gentleman I spoke to at PR firm but they are genuinely trying to encourage investors. Looking for followup today to confirm the turn in momentum to the upside.
We will see. Oh ye of little faith. Stock will close above .03 today in my not so humble opinion.