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Interesting line in news item is reference to several projects soon to be operational. As in more tan on. What else beside tailings in Pulacayo is on the horizon.Hmmmmm
Thegreenbaron website reports that they have completed the Petty interview and that it will be available tomorrow on tape obviously on their site.It appears the interview was limited to the curriculun vitae of the Rothschild people involved. They have a good record and can't hurt.Also I note that the company is a featured pick and its Friday quote is featured.Although FA(***)has faitfully pointed out that they are paid PR promoters, Their track record of successful picks is very encouraging. A true professional will only accept business from companies that will enhance their reputation for good picks since their existence as a success depends on it.I believe their is a strong possibility that the stock will have a good week and maybe even a breakout here. The key is whether or not the constuction of the tailings facility is moving along. I am not expecting the Rothschld group to come up with a major lender in the near future since these deals usually take a while with meetings and legal papers having to be drawn up. The important thing, as evidenced by the increased volume, is that the stock is IN PLAY.In my opinion this is a very important time to be in this stock. The only question is how far does it run from here.
I have a feeling that the interview will not be heard live and may be taped on Saturday or Sunday and available monday on their website. William Petty is in La Paz ,according to the last announcement, to close the zinc deal.This stock is ready to fly. There has been some big accumulation this week on 5-9 million share day average volume. Lots of potential news items that can be a catalyst for the move. We are getting near the time frame for the erection, pardon the expression,of the Pulacayo plant.
Over 1 million shares traded at the offer .027 at the close in the last minute.mmmmmLOoks like some serious accumulation to me.Sunday morning no guarantee. mOnday morning it will be very nice to me.Have a nice weekend sortagreen. Green the color that symbolizes money and ........Envy.I don't think you own a share.
nice bike. Shudda invested in harley.
great story. ($$$$$)let us pray.
A .50 price and market cap of 1.1 billion is not as ridiculous as it may sound at first blush. The company is trying to raise 1.3 billion to support its various ambitious projects. If that is the projected investment, the market cap doesn't look that out of whack. I personally think that the company should have not released the number since it appears to be an unattainable amount of money to raise given the pink sheet status.That being said, if some major investors get involved, we may be on the verge of a significant increase in pps. No one can realistically project what the fair value is at this time but at a present low cap, as pointed out by NYBOB($$$$$) it seems that the old highs are attainable in the near future. The petty interview should provide some insight. I also hope that they will reveal the funds raised in Switzerland which will probaly be immediately used to constuct the tailings plants. Also like to hear the final numbers on the zinc contract.
($$$$$)
who did he sell them to. anyone here buy a million shares at 3 cents on the open yesterday. Mart, Americano? baron rothchild?
My take on yesterdays stock action. It looked like smart money buyers in mostly at .028 average. MMs knocked stock down at end to try to bring in more weak hand sellers. I think someone involved with bankers may be taking a position here. Stock is a strong near term buy in my opinion.
The seed capital needed to make all the plants operational was hopefully attained in the swiss loan negotiated by petty. The investment banking arrangement with Rothchild is merely a contract to rais up to 1.3 billion dollars. This enormous sum represents the total cost of developing all the projects currently on the burner. I hope this is not overly ambitious. Oh well, you know what they say:you can never be too thin or too rich.
The hiring of an investor banker to help ensure adequate funding for the projects is another major step in achieving economic viability. A 1.3 billion dollar investment to finance the projects such as gtl will obviously require some big money players. Perhaps someone can do a little dd as to the credibility of the banker. I am looking foward to the announcement as to how much money was raised in Zurich and a status of the commencement of tailings. This is starting to look like a serious company.
In order for stocks like these to make a sustainable move, big money interests have to be involved. The high volume generated by the pending announcement of financing seems to have brought in some interest from these significant players as seen by a 3 fold increse in average daily volume. My guess is that Petty raised in the area of 2-5 million to capitalize tailings and cerro rico startup. Probably will learn of BOD action tomorrow or Wednesday.Also very interesting is the apocryphyl reference to a ny meeting with investment bankers. This can be really big. I don't believe the company would have mentioned that meeting if it did not expect some positive events to come out of it.Thank goodness the company was not scared off by Tony's constant complaints about meaningful news. If this isn"t meaningful, you can characterize the Iraq quagmire as a minor scirmish. I am looking for an explosive move soon as excitement builds on the prospects for this company.
This is the news I was hoping for since capitalization is the ket for commencement of the Cerro Rico project. The company had enough capital to build the pilot plant at pulacayo but needed the cash flow for Cerro Rico. Now they may start both projects soon. I am anxious to see how much money was raised. We are on our way in my opinion.Stong buy here.
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.