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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
This board had been disappointing in that little important info or ideas have presented here lately.As this stock has flatlined, few tech analysis people have given their insight.Bickering and rants about oustanding shares has added to a gloomy picture. IN that light and as a consummate contrarian I have now turned very bullish short term.Make my day.
The reason for the delay of the pulcayo tailings project may be found on the website under the aegis of Reception Pulcayo Tailings.Apparently the partnership joins franklin with a 51% position with the Rolando Mining Company and Centromin with 37% AND 12% respectively. As i understand it, Rolando, the company that originally mined the region ,have to sign a contract with Comibol before the project can proceed .I think the tailings are the waste drege material from the original mine that is now a ecological waste area that has to be removed. Centomin has the technological know how to get the plants built and Franklin is putting up approximately 1.5 million to fund the project which then will be profitable once recovery is under way.It is important to know the status of the negotiation between rolando and comibol.Also further reading of Jaimes filing to sell shares, I note that he has 90 day, mid January, to complete the sale before the filing becomes obsolete. I think he hopes to sell into an expected positive news event such as tailings commencement so the market can absorb his shares or he plans a sale to a fund after the good news is disseminated.I expect the company will have to give a status to shareholders soon. This news, if positive,should boost the price. The opposite is also unfortunately possible and the stock will react negatively. Being an opptomist and a beliver in this management, I have made a come bet. If we roll a seven or eleven, we can play the numbers. If we crap mout, it still has been a exhilerating ride.
what do you think when I sang out of tune
you want fmnj to go up so you can get out!! And it will go up because......Nothing they say is true; they have diluted the stock; they are potentially commiting fraud.And based upon your sage advice we should all: wait to sell at a higher price; sell now before our shares become worhtless; or buy more now since it is cheap at these levels.As you say maybe i am a moron since I do not understand your convoluted logic.I now have a new definition for the word opportunist in Wikipedia.
First of all Im not a moron. I used the word suggestion which is what you did in your fraud post so what are you taking umbrage at. If you still own the stock it is your intelligence that should be questioned by your bashing of this company.Again I ask you to answer the question as to what your agenda is here. Should we all sell while we can? I anxiously await your reply since you were smart enough to sell to a Fortune 500 company and are currently making a killing in the market.Thanks for your help. Maybe my IQ level is that of a imbecile or idiot.
OK I am convinced that this company is way overvalued at its present market cap. Are you the same guy who posted a series of market caps for mining companies that indicated that FMNJ was seriouly undervalued a few months ago when you owned the stock? I think you are a smart guy who posts according to his latest agenda. When I sell a stock, I do not have the arrogance to become a basher and get others to sell. You may recall I was a poster who initially said I appreciated your input as you are very knowlegeable in the silver market. Move on silverbars. you made your decision and what you or I post will not seriously alter the future of this company nor its stock price. We get it. NO tailings and serious dilution. Why are you and opportunist pounding away at the same boring info.My guess is that it will be very aggravating if you are wrong since the upside for this company is huge.
OK I am convinced that this company is way overvalued at its present market cap. Are you the same guy who posted a series of market caps for mining companies that indicated that FMNJ was seriouly undervalued a few months ago when you owned the stock? I think you are a smart guy who posts according to his latest agenda.
OK I am convinced that this company is way overvalued at its present market cap. Are you the same guy who posted a series of market caps for mining companies that indicated that FMNJ was seriouly undervalued a few months ago when you owned the stock? I think you are a smart guy who posts according to his latest agenda.
The new listing in London is not a replacement of the pink sheet listing but an additional market to trade the stock. Your suggestion that the company wants to be in less vigorous reporting markets to commit fraud is total nonsense. Bill Petty has stated that the company is conducting its disclosure as if it was a nasdaq company and is not using the more liberal pink sheet disclosure to disburse info to its shareholders. Maybe if you listened to the Petty interview you will change your opinion as to the potential upside in investing in this company. As to the failure to start tailings by November, I quote Forest Gump <Sh#t happens> .
Good theory but it doesn't hold up if you look at the numbers. The tailings release was Sept.12 at which time stock was .025. Since then price has meandered in the 02-025 range indicating that this was no pump and dump strategy. You dumped and if proven right can gloat then.You may also note the low daily volume average also does not support your thesis. Keep trying to get others to sell. As I said, many people suffer from Schadenfreud.To me it looks like the stock is being accumulated but what do I know.
very convoluted logic. What the investor is looking for is hard news of a commencment date for production to begin not some pr fluff.Your hope that the price falls so the company will come out with news indicates that you have lost faith in the fundamentals.The prior post by sunzu is a fair summary of what you are betting on with this company. We should know within 3 months if they are proceeding with a viable business plan.
If you think shares will be worthless or toilet paper, why aren't you selling your large position. Also, as an experienced trader, why would you try to instill selling in a postion you feel you want to sell? Your constant reference to dilution as a major factor in a stocks price is a simplistic approach that like most theories in stock analysis provides inconsistent results. I take it from your response to buy sell hold is that others should sell their stock before they lose it all but right now you are holding your LARGE position. No offense but I am starting to think you are being disingenuous.
the gtl projects in Bolivia Rio Grande and Colombia Ayo Ayo are still in feasability study and will not become a reality in at least three years if at all.There is some confusion as to the capitalization costs and plant production. My understanding is that the Rio propsal will cost 320-380 million and ultimately produce 10,000 barrels of disel per day. The small gtl plant anticipated for ayo will only produce 200 barrels a day and will cost 13 million. Hopefully that will permit it to self finance further costs of building a major plant. While in a very early stage, the legal instuments such as letters of intent and memos of understanding have been signed and the company has participated in public signing ceremonies. Obviouly the company does not have the capital to build these projects at this time but in three years the cerro rico project hopefully will be a major cash producing silver and zinc producer. At one time the company mentioned The Shaw group as a source of financing of the gtl plant. The company also has developed interests in Argentina. Immediate sources of revenue is the tailings project which was to commence in October and has been delayed. If this moves foward in the near future, the company will be on its way to profitablity and have money to commence operations in Cerro Rico. An investment here is a bet on the ability of management to make the business thesis a reality. If you think it is a crock or a scam, you should certainly not invest and if invested you should sell.Cosidering that the stock was a microcap trading at a fraction of a penny less than 18 months ago, the results to date in pps even at 2 cents is extraordinary. I believe the stock is a buy and have put my money where my mouth is. Good luck and Happy Thanksgiving to all.
opportunist or bullshitunist your claim that you sold your company to a fortune 500 corporation and your major experience in oil and gas doesn't make sense given your major concern for a 2 cent stock. You should be investing in big ny stock exchange companies more befitting a man of your stature and great knowledge. The basic business of Franklin is mining, hence the name. Are you an expert in that field too? Note your curriculum vitae here on IH is strictly this little overdiluted company. What is your agenda. Comments on boards such as these are supposed to help investors make decisions to buy, sell, or hold. So tell us great karnac what should we do. As a small investor I appreciate all your help in my investment decisions.By the by, your pronouncement tirelessly of a quote from the great Ronald Reagan is contra the business thesis of Franklin. This company believes in a sharing of wealth with the downtrodden miners. So tell us Buy, Sell or hold. Ina few months we will review the results of your sage advice.
trueheart- nybob has more of a historical sense of history than you my friend. Im sure he can give you references to confirm the accuracy of his statements.Why knock a man who believes that this company can not only make money for investors but will also help the poor laborere who have given their lives in the mines. The cynicism here is very troubling to me. Perhaps this is not the right investment for you if indeed you are still a shareholder.
sockobserver- What is the date and time of this release an where is ti published. thanks
why pick an arbitrary date. there are stocks that people own that should NEVER be sold. To make an decision woithout seeing what the investment thesis is seems arbitrary and capricious. this may be a company that will be another phelps dodge. ypou never know
why may 7. May dsay is may 1 DAY THAT WILL LIVE IN FMNJ INFAMY.
Looks like the stock wants to move higher. Level 2 guys can you tell me about mms on offer at 2 cents and above. i dont get level 2. thanks
good thought thanos. I try to avoid angry people since there negativity detracts from those things that make life important. Good health, family, and good friends are blessings which we should all give thanks. Best wishes to all. Imanjen
like president reagan said...there you go again. you are out of the stock so dont try to make others sell so you can buy back in at .003. you are afraid you were wrong but that is tough s###. Go on the siver board where you feel more comfortable. Ever here of a reverse indicator. Im buying big time tomorrow morning. we know the tailings are delayed but if you build it , they will come. Field of dreams.
a mass exit may drop the price or there may be a buyer to suck up your shares. only a masochist would hope to hurt himself to get even with what he perceives as management flaws. You have lost your way my friend.The question is whether or not Jaime and bill can execute the business plan. If they can, trust that it will be reflected in the stock price. again, like the silver guy, if you can't stand the heat, get out of the kitchen. I feel strongly that the future here can be extremely bright.
delray I guess you really are a bear. The pr guy only works for the company and the owner andy austin was on vacation and is returning on monday. the response was probably prepared by his helper who is a 19 year old kid. when you sell it doesnt screw the company since they so not benefit or lose on your sale.if you are upset and lost faith you are not comfortable and should sell. owning stocks sometimes cause emotional reactions. as a gambler i can tell you that a loss of control of ones emotions usually cause bad decisions. good luck to you my friend. by the way, please dont kill the messenger.The throw in the towell mentality signal shown by others here usually is a bullish sign for thoswe contrarians out there.Where is financial advisor when we need him.lol
thanks for your imput and informative posts about the silver market in the past. I agree with other posters that you are now getting annoying since you sold. Pror to selling on Nov2 you posted at the end of october that tailings have not started as promised. That and the turmoil of bolivia miners and uncertianty in nationalization plans caused you to sell. Now you hope stock falls apart and drops to .003 so you can get back in.As americano would say: go duck yourself. Have a good life. If you are wrong and the company succeeds as many of us still hope and believe, we will never hear from you. Look up the word schadenfreud. Then look in the mirror. Stock is a buy here at these low prices in my humble opinion.
considering the grief IR was getting from shareholders and disappointment in stock price, my guess is that this time two weeks is on the safe side. We can have some positive news soon and next week should be dead due to thanksgiving closures. Hopefully we will be servimg americanos duck and not a turkey surprise. Turkey has triptophan which causes lethargy and puts people to sleep. A famous stock trader Jessie Livermore warned that the worst move is to lose your position in a company and then see it make a big move. I urge all long term holders and belivers past and present to hold for the shot. Excellent risk reward ratio here at these prices. May even nibble for some more during 2 week hiatus.
The news today is an update on the progress on the start up on tailings project. Company had hoped to commence operations by end of october subject to the analysis of 3 tons of ground up ore to determine and reconfirm previous estimates. Apparently this review has taken a little longer. It makes sense not to invest in a production facility until you know how much potential the project has. Hopefully the news will be good in two weeks and the market will get excited to learn that soon this company will be making money.The fact that Jaime and Bill are in South America trying to make deals shows this is a hardworking board who are trying to build a great company. Again this investor appreciates the effort to keep shareholders in the loop.