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Mabweking, I agree that the float numbers are a bit confusing. However we would need to add into your float numbers the shares that were issued to the old raptor lien holder. I think they were issued 10mm shares. We can look this up on the original financials after the reverse split.
I have no idea if their shares are even liquid at this time or in certificates now.
I agree that lots of the big shareholders are not selling. And if you take the company officer owned shares out of the float, it narrows down even further.
Thank you for your balanced views.
UK, I am already on my second bag of popcorn! This is getting entertaining.
I am going to miss it.
UK, it just amazes me. The topics just keep rotating! Looks like I need to load up on the popcorn for this circus of ever changing topics.
Fact- we are in MAJOR infrastructure and mining now and we are in the process of "shaping the open pit mine"( press release on July 14).
The company is doing what they said they would do. I couldn't be happier.
This feasibility stuff is nonsense. It would have been a stupid investment of valuable startup cash that was needed for building infrastructure and securing permits. The old drilling data from the 1960's is enough to get started. It's not like the barite in the ground went anywhere since the 1960's!!
Looking forward to what develops over the next couple of months.
Great post beyondbarite. Welcome back!!
Gitreal, I agree. Lets have them post the report. I assume that the majors like baker have already seen it. So it's not important to me to see it.
But why not post it? It would certainly answer a lot of your questions, and perhaps bring you over to the other side!
Gitreal, so you do not feel that Baker Highes, Steinboch, and yasheua, did any DD on the site? We have a personal quote in the press release from Steinboch!
I too have seen mining scams, but the relationships with these heavy hitters is further confirmation to me that we are the real deal.
Has anyone considered that perhaps Al spent the preceding 4years (being debated on this site) searching Africa for deals like this? Time well spent!!
The picture and videos posted on the company website:
Http://Www.mabweminerals.com
A picture tells a thousand words!! Great time to be a mabwe shareholder.
Spbu
S-stupid
P-perle
B-boofs
U- you
Hopefully Cery finds himself in a padded cell. He is obviously scared these days as rumor has it that he has had death threats.
Sooner or later we all pay for our sins (lies, uses drugs and prostitutes).
Pitboss, they are the BEGINNING stages of a mine, just like the company has recently stated in July.
There is too much work bring done for this to be a charade- lets be reasonable please. The rocks look like barite to me becsuse they have the proper coloring of barite. Unless of course you believe the company painted them!!
While some choose to think of various conspiracy theories, the rest of us will be counting our profits!
What kind of equipment are they lacking for mining? If you look at the pictures as well as a video you see drilling equipment the type of equipment necessary for blasting through rock.
There are millions of dollars in equipment out there please tell me what we're missing?
It sounds like just another excuse to put the company down once again.
KJB, I agree 100% with what you said. If you look at the photos as well as a video you will see lots of drilling based equipment. The machinery represented in this video equal at least $1 million if not $5 million.
This is a major construction site with major money being spent on infrastructure.
The company is doing exactly what they said they were doing. They are a little late but that's to be expected for a start up mining operation.
Pitboss, I suggest you start buying shares!!
Thanks mabweking for the link. I tried to google it under mabwe minerals but it would not come up. Perhaps the company can work on this so it appears in the first page of a search.
There will be a log of Internet traffic once the word gets out on this little gem!!
Thank you for your balanced views.
Kudakwasha has already confirmed mabwe has done "quite a bit of infrastructure and mining".
Yesterday he further confirmed mabwe is actively mining the site.
So, profits will be coming soon!! Time is on our side as we wait! I hope the company posts on their newsletter or website the updated pictures!!
What are you talking about??
That's a scary thought KJB. Owing people money you can't repay in a country like Zimbabwe!
I am glad I am on the winning side!
Kudakwasa, even if mabwe pays your side the original purchase price plus costs, it's no big deal.
Compared to $450,000,000 in barite sales to BH who cares??!
As an investor, I couldn't care one bit.
Kudakwasa, I only wish I were that involved! I have nothing to do with the company. I am a simple investor who believes in the commodities market. I only wish mabwe stock was selling lower so I can load up. I need more!
I believe that the company has significant infrastructure done and that they are now ready to begin seriously mining!
They are a bit late on their promises, but that is to be expected in startup and development stage companies. They are ALL late. Doesn't bother me a bit!
Looking forward to the next few months. It is going to get exciting!!
Pitboss, how often does the aerial photo get updated?
I would reserve judgement until the next photo. It has already been proven by Kudakasawa that "quite a bit of infrastructure" has been put in and that they have already started mining.
That proves there is site work being done. For those of us who understand site development, this is usually very expensive. So the company is making a "multi million dollar investment".
9600 I hope you are correct. Any updates you can share?
Finally kudakwasa admits that "1]I believe they have done quite a bit of infrastructure and started mining".
I believe this puts to rest the debate about the aerial picture taken on July 14. He CONFIRMS that both major (quite a bit) of infrastructure and mining are occurring!!
Sounds like the company's press release in mid July was accurate after all!! Obviously the company is well funded too because this costs a lot of money!! Another clarification!
Thank you for that clarification. Next issue please because this one is put to bed! Mining has started!!!
Looking forward to major sales of barite. Coming VERY soon
Obviously you didn't read their press release that stated that mining operations commenced on July 16.
I would like to see the next update of that aerial picture. Do you know how often they update it?
A broken promise for a better opportunity and a $500 million dollar agreement!
I have no problems with that! Sales and profits are the reason to invest. Glad management had the COURAGE to Jump on a once in a lifetime opportunity.
Simple question, what is more profitable? Barite or gold? Based on the reported partnerships and alliances, barite trumps gold.
I call that a great management decision. The agreement with baker Hughes could be worth close to $500 million!!
I got NO problems with that
The barite mine arose as the opportunity of a lifetime, so gold production was tabled. However if you read the last quality stocks report, mbmi is getting ready to start on the gold again. If you track the dates, they match almost perfectly!
I am glad they focused on the barite mine. It isn't as "sexy" as the gold bit it will provide some huge profits as evidenced by their partnership agreements. Huge revenue!
It is exciting to be part of a startup that has a product the world needs. Lets get ready to party as revenues begin soon!!
Agreed UK. It says it all.
Lets also not forget that there is a restraining order against valentine. Someone mentioned that he was stealing barite from the site and illegally selling it. Obviously he was also not paying tribute for it as well. Ripping off Mr Groves who is a very old man. Stealing from the elderly is the lowest thing you can do
This is a bad dude that needs to be deported. See at Valentine!!!
Please come to the U.S. so we can properly introduce ourselves to you.
So if you expense the Zim side where 51% of the profits go, that is a bad thing?? All the profits come to the side that we invest in. No it's actually brilliant!!!!
Management continues to impress me. Looking to build a larger position on dips.
Agreed. The structure is very confusing.
A clarification: mabwe may have been "formed" in June but RRHI owned them as of January 2012. It was listed as raptor in January and they then did a reverse split and name change that extended into June.
These half truths are really getting old.
PB are you basically admitting that you received privileged company information? That is insider trading if you buy or sell stock within certain time limits.
If you received privalaged company information while under NDA, then you are committing a crime by sharing it here on a stock board.
Please explain.
Great catch KJB! Thanks for brining out those points
The sanctions do not apply to Europe and the middle east! Please read the following from the press release about the Steinboch Minerals deal:
"Steinbock Minerals, based in Switzerland, is a key distributor in the industrial minerals' sector with established customers throughout Europe and the Middle East"
So it appears that Mabwe's management has successfully positioned themselves as a hedge against US sanctions. Great job!!
May I suggest a quick solution would be to have Mr. Valentine confirm or deny that he has a restraining order against him.
Mr valentine must have been a bad boy to get a restraining order. Those are not easy to get!
Does anybody know what Mr. Valentine did?
Thank you beyondbarite for setting the record straight. I agree 100% with your post. Mr valentine is a fraud who lives his life in "half truths".
Kudakwasha, since it appears you are in Zimbabwe, can you kindly update us on the current state of the infrastructure improvements?
Thank you.
Glad to see infrastructure is going in and that we have confirmation from kudakwasha!
That costs some real money and we can only assume mining operations are next. Looking forward to sending the barite on the rail very soon and cashing in on my cheap shares.
The railway is located on the main route to the port. It is primarily the routes to the north that are in more disarray.
I have seen Internet pictures of it and it looks quite adequate. Also remember that PHI commodities is using that very route regularly for their business of importing goods to ZIM.
Obviously they know it works!!!
The sellers are only a couple people with large holdings from the LLSR days. They are not interested in the gold mining and originally bought for the dental technology which is now gone.
On a positive note there was over $50,000 in stock purchased yesterday here by a small amount of buyers. That is great news!
With Mbmi stock selling at 50 cents, it puts this stick at a value of over 10 cents!
After the first shipment or two, you will begin to see the stock value move up. Until then, we wait!!
Agreed 9600. I lost HUGE on this- hundreds of thousands of dollars unfortunately. I feel your pain man. We could have a bounce so we can capture some sort of a return.
Long term Cery is a loser who only cares about himself.