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Interesting chart. It does indeed look like a repeat of the march pattern. Where do you TA people seeing the stock go on this move.
agree.We need to hear about a production start up date.
Phony point on bollinger since it reflects a stock staying in a small trading range for a few week period. Naturally since stocks tend to fluctuate one would expect a major move up or down. If it really has predictive value it would tell you wwhich way the major move would be. So call it now adapt. Good news is whichever direction you pick you have a 50/50 channce to be right.
YOu the man. While at this time I do not feel there is a correlation between the price of silver and the pps of fmnj, I also have continued to add to my position in times of low volume when the big money does not yet appreciate the potential of this company. The last time I was a buyer in a volume vacuum the stock was at .005. This 3 cent level will hopefully be a point where many will regret not taking qdvantage of a great buying opportunity.
Markets tend to move up on a wall of worry. Your nervousness is a good sign.
11 million add on to previous 21 million zs seems pretty significant. Contract complete witha 50% share with comibol.Production start up date seems to be the last piece of the puzzle. I seem to recall JM saying somewhere start to begin before summer end. Can we start before processing plant built is my question. Can we borrow others facility to process. The 6 million cost to build should not be prohibitive in obtaining financing based upon the analysis of the veins. Could be some finance news soon if I am right.
The 4th vein adds 12 million to the 21 million announced from prior 3 veins- a significant find. I hope they put the first processing plant at the 4th vein to take advantage of this mother lode. Now we need some guidance as to when production is to beginand we are off to the races. Hope to be taking a tour of the mine by this time next summer.
It aint over till its over. Got a strong feeling this week is gonna be big.
The comapany's stated timeframe for the evluation of the gtl design is at hand. Expect some news on this front along with announcement of 4th vein assay. Stock progress was put on back burner on news of time needed to put in design for processing plant. All the volume move appears to be on upticks. This baby may surprise many real soon if politics don't screw it up.
The comapany's stated timeframe for the evluation of the gtl design is at hand. Expect some news on this front along with announcement of 4th vein assay. Stock progress was put on back burner on news of time needed to put in design for processing plant. All the volume move appears to be on upticks. This baby may surprise many real soon if politics don't screw it up.
True small bios are not hot sector right now but that can change in a flash. Stock is cheap here on any valuation method I can think of. Once street is convinced that recurring earnings on fortical< a drug one must take for the rest of one's life>the stock should move to fairer pe ratios. The pth puzzle fit is all that is needed for a parabolic move.
Heard austin powers is busy shagging his bolivian girlfriend.for latest info on company, I suggest someoe call Mini me.
Americano if you were a marine, I did not intend to hurt your feelings. I BELIVE OUR BOYS ARE THE BEST IN THE WORLD AND THAT IS WHY i GOT SO EMOTIONAL. That being said, if politicians make great loyal patriotic americanos, most of whom are not colege educated and go into military service, i think the true patriotic americans should call them to task. If you love this administation so much, buy Bechtel not fmnj.
and somewhere Monroe is crying uncontrollably.Preident Kennedy was willing to risk a nuclear war to stop missiles that could reach our mainland from being installed in Cuba. Now we have a president who is more worried about a civil war amongst radical muslim elements then putting some teeth into the mideast threat that dwarfs the problem in Iraq. Meanwhile our standing in the world diminishes with our inability to direct our military to more important venues.. This counrty no longer has any sense of history. I cried at the Vietnam memorial for our poor soldiers who died in vain and we will cry again for the lost in Iraq. That nybob can maintain his sense of a divine plan for the mishmash world we live in is truly amazing.
Nice summary of the gtl hopefuls.looks like the 300 million investment promised by franklin dwarfs all other plans. Your summary left out the business plan of gtl international.
When I said 3.50 at end of month, I never expected to be off by a buck. Loading up here since even a stopped watch is right two times a day. Need pth phase 2 news and the stock should rocket to new highs.
The move to .039 on 500,000 share trade represents 25% of todays volume. I think there are few shares for sale at this level and we will soon see a breakout on big volume. Most of the higher volume trades appear to be on up tics.Market makers apparently carry no inventory since we see a lot of crosses on small spreads.
I doubt Dr J. William Petty is the same as William A. Petty, the head of Petty Development. Sorry if it appears I am being petty.Hope to hear about the 4th vein soon beforwe I slit the vein in my wrist.Fridays action albeit on very low volume was disappointing.May nibble for a few shares on Monday to tesrt the water.
goldman- Finally a breath of fresh air. The development of a business plan based on the confidence management has been able to generate in has been remarkable. I think that we will be off the illiquid and market maker manipulated pink sheets in the near future. While the price is drifting down on very nlow volume, I think there is an opportunity to accumulate some cheap shares.The only disappointment has been the renege on the start of actual production at Cerro Rico which appaerently will not occur until the concentrating plant is built. Perhaps management can clarify when they expect to start mining at the veins.
According to yahoo the current market cap of fmnj is 29 mil. If this company can really mine silver, zinc and tin in bolivia, the price is undervalued by at least a 10x factor giving it a reasonable upside of approx 40 cents. Those who hold a good position in this stock hsve an opportunity to trade a portion of their holdings as stocks will of course fluctuate in price. The latest news of the true 50/50 partnershgip was tempered by the announcement that the company will need 3 months to evaluate their business paln for production. If you believe in the credibility of management,you will be amply rewarded.Volume has been unusually low considering the amazing development of a possible bonanza business plan. The 6 million for the plant in situ should be easy to raise from any reputable financial institution based on the comibol government approved contract. Last chance to get in a bargain prices. ot financial advisor- you are one stubborn dude. Hopefully this is not just an intellectual exercise for you.This is a huge blockbuster and your due diligence should pay off if you are not too entrenched in the charting mumbo jumbo. This compaNY IS THE real deal. glta. iman
Business plan continues to be unfolded with todays news that the profits are to be split on a 50/50 basis and the company will invest 6 million to build the processing plant. This should help bolster support as the company appears to be the real deal. Preliminary design to be completed within three months and we are off to the races.
americano- make sure you take the kids to the dolphin show. it is a vegas type production. the whales are awesome.
Next stop is the 5-6 cent area. I expect that momentum will continue to build as the company announces the 4th vein and a date for the startup for production. I also think that the evaluation for the type of GTL plant to be built should be concluded shortly. Stock looks like a good buy here.
At a tick under 4 cents this stock is still very cheap. My evaluation of market cap multiples factors in the float which Jaime said was 700 million shares. In fact yahoo finance values the current cap at 29 million. Based on this method a cap of 100-150 million would not be unrealistic giving us a 4 bagger or .16 cents as a realistic figure.Interesting enough, often a false print on a blowoff day, which in this inwtance was .15, often is reached in the near future. Can't wait to see how this baby will react at the next news event which should occur before weeks end helping to sustain the momentuum. Regardless of the naysayers, I continue to believe this is the real deal.
The catalyst for the next big move should be the announcement of the results of the assay for the additional three veins and the commencement for operation at Cerro Rico this summer as suggested in the June 8 press release.I expect and hope this will take the price back to the old high of ten to fifteen cents. If that happens,many here can join americano and say: We're going to Disneyland.
I expect that the advisory houses such as stockguru will again put out a buy signal as the price moves toward the nickel resistance area. Now that the contract has been signed, we can look foward to a startup of production by months end assuming the assay of the remaining three veins is not delayed. It is also possible that we will hear some word on the gas to liquid . plant. It is also possible that once the company has a cash flow, they can complete the financial audits to go to the bulletin board where trading is less prone to market maker manipulation.I don't believe we will stay in the three area very long.Good luck to all who have kept the faith. As NYBOB would say Hallelujah.
an important note is that processing plants have also been authorized by comibol.We should get word on the assay of the other three veins sometime this week and production can start soon thereafter. This event gives the company credibility as a major player in Bolivia. Looking for a nice gap open that will not be filled since we are in new uncharted waters now.
stock looks real cheap here at 2.82 level. earnings surprise is possible as the pipeline for fortical orders need to be replenished. looking for a move here to the 3.50 area before the end of the month.
Financial advisor- What is your basis for your impression that Jaime was being disingenuous.Do you think he was trying to mislead people.It seems to me that on most occasions the company has been right on the mark.
I was disappointed that the company did not announce the results of the assay on the other three veins as suggested by Jaime in the interview. Hopefully the delay is not serious and we will be happily surprised on the upside. The recent gas pipeline approved between Bolivia and Colombia, a non socialist/communist country, augers well for Bolivia regaining the confidence of the corporate foreign community.
Huge volume today indicates that something positive has probably ocurred or is about to happen. My guess is that the company has completed its alliance and or has received important financing. LOOKING FOR A GAP OPEN TOMORROW ON NEWS. i HOPE.
looking for a little news to move above the 3 cent resistance area. think the slump is over as the stock has had a decent shakeout of the weak hands. Not all the fireworks were launched on independence day. glta.
Actually the press conference went badly in my opinion because the interviewer did not do any homework about the company making his early comments assinine. Comments like you bought a dirty shell and what is your burn rate, a question suited for a biotech, indicated a bad attitude and false preconceptions about the company. Eventually Jaime was able to make a few points but his tempo was thrown off by the bad vibes thrown off by the interviewer....That being said, I think there was some inportant info from Jaime regarding the company's prospects and financial picture. While the outstanding shares is 1.5 billion, the float was confirmed to be approx 700 million. At 3 cents the market cap is $21 million, not an outrageous number. If the revenue stream is on target and the company shows a profit by year end, A 15 cent price or 100 million market cap would not be unreasonable.The company's expenses are now 15,000 a month and the co has 350000 cash on hand, so that if there was no revenue for 10 months we could still operate. Too bad the interviwer didn't ask how the company was financing the gtl plant. I believe that it will not be internally financed and the company has a deep pocket angel such as Shaw group who can make it happen. Finally we can expect new next week on the assay for the 3 veins and a rough draft of a Contract has been submitted for our attorneys to review. All in all pretty positive if not eye opening. And to paraphrase Jaime, said, we are still honing and implementing a business plan. This can be a real big deal and I'm <.ALL IN>.NUf said- i am off this board until tuesday. Sorry if this was too verbose.
Eye opening and enriching experience.Hmmmm.Perhaps that explains the huge bid ask spreads on June 20. At one time it was .o2-.03 a 50% gift for the nimble market maker.I wonder if we will get some new news as opposed to a recapitulation of past corporate events such as the MOI and LOI signed for GTL and Comibol mining deals. A signing of a definitive agreement could cause a nice gap up and instill confidence in the doubting Thomases to use a biblical reference so prevalent on this message board.I'm sure Ayn Rand would hate this company but alas she is long dead. Wonder if FA decided to get back in. He has really been quiet when most expected some gloating. Caiao for now.
Thanks for your response and update from Andy Austin. It is remarkable how candid management and spokesman have been with regard to giving shareholders information regarding corporate developments. Having information is the most important when determining a comfort level based on risk/reward potential. I agree that the announcement of the financing partner for the gtl plant is an important piece of the puzzle. Not sure it is Shaw as I understand the man who originally put the LOI in place is no longer with them. This is a refreshing and informative message board that has been invaluable in helping with investment decisions. Keep up the good work. The efforts of you, MSEED, the moderators, Silver Bars, Ysilver and other thinking posters have been invaluable in helping with investment decisions on this company.GLTA
after close at approx 4:01 150000 shares traded at .028. This is second day late prints that are not reflected in the last price went off above the close. LOooks like someone expects some big premarket opening news or possibly a late print of a during the day trade. Hard to buck this market but maybe something is a brewing.
It is not possible to catch lows and highs on a consistent basis. The stock looks to have bottomed and a little good news will hopefully get us maoving in an upward direction this week. Bolivian recognition that the USA and its capital are important components to growth can spur a nice spike up.
Has anyone talked to Andy Austin recently. While the stock first consolidated and then went into oversold mode as the general stock market recently collapsed, the price became too cheap for me to resist the temptation to return to my original position. While the 6/16 action may not qualify as a reversal day for the hard assed technicians, the low of .021 and the after market trade at .028 and .029 makes next week look promising. The analysis of the veins by the Dolbehre group should provide continued credibility to the stock with the investment community. The companies that fmnj has hired to support its ventures appear to be on the upper range of respectabilty in their fields of expertise. Good management is the hallmark of all successful corporations and fmnj looks to be on the right track.The numerous weak hands posters who have thrown in the towel augers well for those who are not faint of heart and believe that this company will make a significant mark on the mining and oil and gas exploration community in Bolivia.In the end it is the fundamentals that makes money for people who own stocks.
Franklin expects to initiate siver production later this summer is the key point of this mostly fluff news item. MY EXPERIENCE IS THAT STOCKS TEND TO MOVE A FEW MONTHS BEFORE AN EVENT TAKES PLACE. The reason for the move before news is usually that someone knows something ahead of time generating some nice charts bringing in more buyers. I think we are at a great buying opportunity right now.
Silver bars- If you wait for the letter of intent to be formalized into a definitive agreement you will probably give a up a substantial gain by buying on the news spike, a dangerous strategy if you look at recent market action.Like the martman and the Hamma I have done very well playing the dips and selling some on spikes while maintaining a substantial position. Stocks are a little tickiery than commodities to trade since commodities tend to stay on trend for a long period of time while stocks tend to fluctuate as a famous trader once said.If the deals are real, you will do very well no matter what price you paid. As they use to say at otb : You gotta be in it to win it.There is nothing in the chart to indicate that the long term chart has turned bearish. Tempted to add more here myself but don't want to be too greedy since I feel it is bad Karma. just one man's opinion.