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Lots of volume and no appreciation. Hmmmm. I'm still looking.
Woody.
Sculpin, I've averaged all the way down and am a bit unbalanced in my portfolio with AWYI. I'm hoping the news has a huge punch on the PPS. Financing will certainly be a foundation to build on. We're looking for the brick or cornerstone upon which this stock has an upward bias, not lurching from PR to PR. Such a cornerstone will fit into place and then we'll go up with momentum.
Woody.
How do you know it's a scam?
Woody.
Well, I would agree with you, Sculpin. I think it's more important for Independent to take the mood of the board back to corporate rather than moderate the mood with subtle hints that something's brewing at corporate and filter it down to us. It's very hard to watch the PPS go down. My experience with this type of slide is that it's very hard to resurrect a PPS when it falls down here. We seemed to be out of the woods last week but then really got hit hard. Who was selling? Makes weak hands nervous. So, what a PR does is only bring the PPS back up to were it was, without pushing it higher after the last one. So, I figure a good PR might bring the PPS back to the .0028 area. That's a big move but it doesn't translate into moving the stock ahead. And what's been happening is after a good PR we watch with dismay as the PPS slides down even below the last low.
We longs will sit here no matter what. I'm not selling and will add when funds are available. I think the frustration amounts to having so many shares out and being on this exchange. All that will eventually change, I'm sure. In the meantime it's important that new folks who visit our BB can get a measured degree of positive because that's what draws new blood. Seeing a sliding PPS is a huge negative that could lose us potential long haulers.
And if you represent the company then we are getting our
company support, right?. We just need to hear that stuff is working, in the works, being worked on, and still being worked on. Haven't heard sqwat about the other acquisitions and the progress being made on them. Just a small note saying that there is progress is good. Not hearing anything for weeks is a disaster and it shows in the PPS. And it's not really a good idea to have somebody parceling out info on the BB's. That never works. It's got to be a PR and even if it's fluff it can still say that meetings were held and events are forth coming. Nothing forthcoming is static and we shareholders know that and that's why no news is bad news. Capich?
Woody.
Points well made, ROCKO. I'm leaving J-town
to the clowns. Going back to America. Will put all my Identa in my Roth IRA and let it percolate there. I think by retirement this baby should have produced a nice little nest egg or produced a huge turd. Either way, it can sit there and I don't have to look at it anymore.
Woody.
O, BTW...
Trying to leave this place is like the hotel California, you can get in but you can never leave. Postport problems and bureaucratic nightmares. Tenured civil servants don't answer phones and don't really care about their jobs. Some do things intentionally just to be mean. Heard two ladies discussing how they love to let the phone ring and ring because they knew how mad it made people. Imagine?
We really do need a bit of company support as PPS erodes. eom
I wish there were an explanation for such a drop. eom
Misterbet, maybe they collaberated with Yahoo?
Yahoo messed with a good thing, too. I think it's somebody needing to hang on to their jobs, thus, new interface. JMHO.
Lot of hot air here this morning from me. Venting, hehheh.
Woody.
AND GOOD MORNING ARIEL WAY LONGS today
is Tuesday and could possibly bring NEWS.
Here's hop in (again).
Woody.
The Q will be important here. eom
Which means we might have to wait for PR? eom
Well, this might support you. NEWS. Holy Smoke! We're doing good here.
Jul 28, 2008 09:59 ETRimfire Partners With Northgate to Explore Australia's Stawell Gold Trend
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2008) - Rimfire Minerals Corporation ("Rimfire") (TSX VENTURE:RFM) is pleased to announce a new exploration partnership with gold-producer Northgate Minerals Corporation (NGX-TSX), which grants Rimfire an option on its Stawell Corridor gold exploration properties in the State of Victoria, Australia. Northgate, through its 2008 acquisition of Perseverance Corporation Ltd., acquired a dominant claim position in the Victoria Goldfields, host to over 50 million ounces of gold in both alluvial and hard rock reserves and production.
"With this agreement, we are building on an established relationship," said President and CEO, Jason Weber. "It is a terrific opportunity that became available to us because Northgate's focus is on exploration around their two operating mines, allowing us to advance their outside targets in the corridor."
Chris Rockingham, VP of Exploration and Business Development for Northgate stated, "From Northgate's perspective, choosing Rimfire as a joint venture partner was easy. They have proven to be very capable operators in our Canadian Joint Ventures and the Stawell Corridor land package is ideally suited for their grass roots exploration skill set."
Highlights of this agreement include:
- The opportunity to explore a highly productive gold belt in a politically stable jurisdiction.
- The land position is coherent, encompassing much of the Stawell Corridor. The Stawell Corridor itself is well defined with Northgate's high grade Stawell Gold Mine (SGM) at its core.
- Excellent greenfield exploration opportunities. The exploration model for the corridor has been extensively studied, providing exploration criteria at both the regional and detailed scales. Rimfire will have access to Northgate's SGM which will help build a better understanding of the geological model and improve Rimfire's exploration effectiveness.
- High quality targets with convincing similarities to SGM exist in the land package being made available to Rimfire. Previous work programs were well designed, identifying numerous targets that have yet to be brought to the drill-ready stage, however, insufficient resources were available to the predecessor company to conduct systematic greenfields exploration of the entire land package.
- The deal is structured similar to other Rimfire/Northgate arrangements in which Rimfire undertakes to advance exploration to the point where drill targets are defined, at which time Northgate can take over funding of exploration, earning a larger percentage in the property for doing so.
The Stawell Corridor is a 240 km long belt bound by the Congee and Moyston faults and cored by Northgate's 5 million ounce Stawell Gold Mine (20 Mt at 8 g/t gold). Mineralization consists of gold-bearing quartz veins in ferruginous (iron-rich) sediments associated with basalt centres. This deposit has been studied extensively, resulting in the identification of large-scale characteristics that can be used in the exploration for similar deposits elsewhere in the district. Geophysical techniques such as gravity and magnetics surveys have proven effective in targeting basalt centres and granites associated with mineralization. These techniques will be important in evaluating the rest of the Stawell Corridor and refining targets for drilling.
Rimfire will be exploring three licences, totaling 120 km of the corridor length, representing all ground outside of a buffer around the Stawell Gold Mine. In addition to greenfields opportunities, more advanced targets exist including the 10 kilometre-long Murtoa target, which surrounds the Kewell gold resource. The Kewell resource, which Northgate has opted to exclude from this agreement, is reported to contain a historic 100,000 ounces of gold at 6 g/t gold and has been defined by 25 drillholes. Additional targets include kilometre-scale gravity anomalies that have been confirmed through drilling to reflect basalt centres at depth, with coincident gold and pathfinder element geochemical anomalies on surface. Rimfire has commenced a compilation of all the available data to plan field work for this fall.
Under the agreement, Rimfire agrees to conduct exploration to maintain the licenses in good standing for the current year (approximately $370,000). Rimfire can then elect to conduct further exploration on any or all three of the licenses, earning a 50% interest on each by spending $500,000 per license over two years. Northgate then has the option on each license to: 1) carry out the next $1.5 million to earn back a 10% interest (total 60%) and another 10% by reaching a production decision; 2) not participate and allow Rimfire to earn a 100% interest in the property by spending, or causing to have spent, an additional $2 million over 4 years; or 3) participate in a 50/50 joint venture.
EZ, we're going to need a higher PPS to ward off
potential stalkers, IMHO. Times have changed and the big boys are hungry. Don't ever count out the big wave up in PM prices that's coming either. They smell that, too. Our PPS does not reflect our worth by a long shot and that attracts the vultures.
Woody.
jscot, I like it. This is what we need when we are about to get the heavy news. I'm with you and I'll do the same. The AM is when I post most.
Woody.
Thought about a glow in the dark LIME TRUCK
on the ceiling in the bedroom but the wife says we need sleep. She is a bit concerned with my visualizaitons. Likes the price move, however, and the future outlook.
woody.
Stocked up on Depends for this coming week.
DD page is awesome. Thanks again, Lilchoker. We are going to have a banner second half and may have to throw a party, Vegas style, when all said and done.
Woody.
UNCLE that was funny. Thanks. eom.
Can't one up BUT
I was fishing off a pier in Newport Beach and got a bit, pulled hard, hook whipped out of the water and dug into my ear. Had to cut the line and walk the pier with this hook in my ear, blood running down my neck. Funny thing was the water was like 20 feet below me so the hook and sinkers had a ways to travel before lodging in my ear. Slow motion, I saw it coming, and moved my head just in time. Got home and used pliers to pry the sucker out, barb and all.
Woody. Late night meandering while I muse on Ariel Way stock price.
NYBob, with low PPS is a take over in the works?
I'm flush with NXG. I thought about spreading my PM money around and decided to put it all on NXG after the Australia purchase. With the fall gold buying season almost here and miners looking for bargains I would think NXG is a rare find. I can see it an acquisition target.
Woody.
.02 is where we will be trading soon.
TAKI I like your take-e. I'm over extended big time and have put wet powder into my AWYI knowing that the furnace is lit. Smelling smoke.
Woody. Knowing this is a fluff post.
I like your take, TAKI. eom
UP 20% TO .0035 and it looks like people
are holding on to their shares. This is too much fun.
I put ARIEL WAY on my ceiling and it's the first thing I see in the morning and the last thing I see at night.
Woody.
JMHO, Rocky, but I don't think Yaacov started buy back
until after this last PR giving due notice to guilty parties that he's aware of their hijinx. I think we will see some nice fireworks the rest of the year.
BTW, I quit drinking while I post. Sobered up to be more coherent and whine less. Mother-in-law is taking a little power nap at the moment awaiting the opening bell with huge anticipation.
chao
Woody.
Going to have to change my depends I'm so excited
Woody.
lilchoker, today might be the day we should hit
the boards with enough posts to get us noticed on the 20 most visited? I'm ready to post my 15 posts to get us on there. I know the DD page will appear enough to get any new faces squarely attached to us here. I'll be waiting impatiently to see if there's news or if there is hyper volume and PPS rise on the AM. We're into and up to something big here and it's just about to be sprung on us. I've used up all my dry powder averaging down as I know many of you have and so this is a most exciting time. Either we have financing or we have another acquisition OR BOTH. Whatever it is it's HUGE.
Woody, shovelin' all the coal into the boiler. Feel the train startin' to leave the station.
And isn't it about time? What's the news? What's stewing? eom
Me, too. Got a big grin on my face. eom
Tomorrow should be very interesting. eom.
Woody.
Be counting CENTS soon.
GO ARIEL WAY GO
This is going to be one of those stories you tell your
step children. (after losing so much money up till now I assume many are divorced, thus the step children. But it's not grandchildren because this sucker is going to make the story very soon, before grandchildren)
Woody.
One thing's for sure, THIS IS THE WAY IT SHOULD BE.
Go ARIEL WAY and make us proudER than we already are.
Woody.
Hey, we're only the hay in the wagon.
And after a few beers I was crying in the foam in the bottom of my glass the other day. My Rabbi told me to buck up, boy, and buy a few for the Gipper. Good advice, looking back. I've learned from our politicians that it's OK to flop if you have new info that changes the picture. It's flippin' that's bad. I don't flip but I do flop.
What a day. 67 million so far. Rocky, you guys are probably the ones who bought the other 66 million, huh?
Wooden Indian, wearin' war paint.
thanks. Looks like we're half and half.
The copper is going to continue strong and I hope the let those contracts run out. Wow. In it for the next few years.
Thanks again.
Woody.
Hey, Mike (Hi, Johnnyvits AND Richie, whom I know is still out there, hehheh)
I bought another million shares today and will continue to add as this slides. Just thought I'd put in my two cents to this board and hope that it encourages somebody to dream big and hope high.
Woody, closing the books on negative and going positive all the way now.
Soon...if you're God, and counting. eom
GOOD MORNING LONGS. This would be an interesting
addition/acquisition and is currently being used, I take it, by a lot of inhouse signage customers around the country. ROKU is privately owned - darn.
http://www.roku.com/brightsign/
Woody.
Wow, just when I was thinking it was safe to
buy in....people are starting to bail.
Woody.
Bought in yesterday.
I agree, he won't go private.
He does read these boards because he has used Mike to tell us things based on some of our comments here. I think he really does want to punish longs for being disloyal. It doesn't matter to him how low the PPS goes because he's not interested in selling yet. I think he likes to hear howls from shareholders and see Richie run for the hills with this tail between his legs. (I know he didn't do that but Yaacov can think he did). and let the PPs go down to .0001. It will go up when Yaacov thinks it should (buy back, etc..). It's a cruel world out there. I'll buy a little more at .0001 just to be safe.
Woody.
Momma suggests dumping the lot at market. eom.
No need to call in the troops. Looks so positive. eom.