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Congrats to whoever managed to scoop up some low .003's here the past day or two. Imo, those were a gift.. more than likely going to close green today and make another leg up early next week. Won't see those prices again..
AS for the A/S increase, a company that has a convertible note has to keep an available amount of shares in treasury to be issued upon request of conversion. If the share price has a steady decline over a period of time, the amount of shares needed in treasury will need to go up. The share price in August was as high as .03 cents, not .0033 of a cent. So obviously many more shares will be needed to be out the same loan amount.
On the same note, I do also believe the company now realizes the need of getting the share price up so they can wipe out the last of the convertibles at the highest conversion prices possible and be done with that type of financing now that there are alternatives available to them.
I just think people are concerning themselves way too much with the c/d's but to each his own..
Nice green close coming imo.... GL everyone and good trading..
8k. Released today
"The Company has received a number questions regarding Asher Enterprises’ next conversion. The note dated August 7, 2012 was not funded until approximately August 27, 2012. As such cannot be converted until approximately the first week of March 2013."
Believe me that's not going to happen anytime soon, no matter what anyone posts imo. There is no need for it, check the share structure.
Believe me that's not going to happen anytime soon, no matter what anyone posts. There is no need for it, check the share structure.
one of the most transparent companies out there imo...
they have met or exceeded all of their expectations and every one of the PR'S outlining their next moves have been followed through with the execution on it...
so lets quickly look at an upcoming milestone that is ready to be smashed like all the others..
"The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month. The Company's goal is to have 4 Pods within 18 months being able to produce 16,000 - 24,000 grams per month or approximately $1,000,000 in revenue each month".
math on this 1 property alone?
12M a year / 337,882,497 outstanding shares of which the CFO and CEO hold over 50% of that 337M O/S = approx. 125M tradeable float
Cut the 12M in half to 6M and triple the O/S from 340 to 1B... (which there is no reason to do) but even still what's the number?
.006... that's with no multiple.. Mining sector multiple on average is?? Pick or research...
x5 = .03
x10 = .06
x15 = .09
ridiculously cheap down here imo...
Lima, Peru, Jan 23, 2013 (GLOBE NEWSWIRE via COMTEX) -- The Graystone Company (otcqb:GYST) annouced today that it will provide the shareholders an update on its mining operations in Suriname next week.
I'd say so... Since Oct. 2012, 3 months ago they have:
1). Commenced mining on the 988 acre Gorila property...
2). Acquired Graystone IV, now up to 170k oz's or 300M in claims.
3). Bought the equipment to smelt their own gold bars
4). Hired project foreman, manager, 2 crews, support staff, equipment and supplies for the mining camp. Preperation and infrastructure to support 25 workers.
5). Mined 6.3oz's of 85% - 88% gold in first 9 days of production.
6). "Successfully transported initial production of raw gold from the mining site to the refinery in the United States and the Company has received payment from the sale of the gold. The gold's assays came back at approximately 85% pure ...." Sent in heavy machinery.
7). Acquires open pit hard rock gold project in Suriname and pays deposit. "The Company expects that the project will produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month per Pod.... The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month. The Company's goal is to have 4 Pods within 18 months being able to produce 16,000 - 24,000 grams per month or approximately $1,000,000 in revenue each month".
8). Not funding project with common shares.
9). "The Company is in the process of acquiring an excavator to be used on Gorilla; now, that the Company's operations are no longer under the limited production requirements. The company expects that the excavator will increase gold production to approximately 100 grams a day".
"The Company will build a 2 Pod on Gorilla as soon as it obtains the excavator. The 2 Pod is expected to increase gold production to a total of approximately 150 grams per day or approximately $1.7 million in yearly revenues (subtracting purity levels and refining fees)".
10). "The Company expects that it could be mining on Gorilla, Graystone 2 and Graystone 4 for the next 15-20 years. The Company is not including Graystone 3 in these figures because it is not in same immediate area. The company expects to provide testing results on Graystone 3 in the near future."
GYST RECENT NEWS & PROGRESSION SUMMARIZED ON 1 PAGE:
The Graystone Company Announces Commencement of Mining Operations in Peru
LIMA, Peru, Oct 10, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) announced that it has begun mining operations on its mining property Gorila. Gorila consists of approximately 988 acres (400 hectares) located in northeastern Peru near the town of Borja.
Gorilla contains 0.76 grams of gold per cubic meter or 0.62 grams per ton. These results are based on 23 days of test mining operations. Based on these initial ranges the Company is estimating that the amount of gold on the Gorilla site could be in excess of $100,000,000; however, the total size of the gold deposits depends on the amount of usable land.
The Company intends to use Gorila as its base of operations in the area as the Company expands its mining operations to Graystone 2 and Graystone 4. The Company's total portfolio of mining properties totals 1,900 hectares (or 4,695 acres) or approximately 19,000,000 square meters (or 7.34 square miles).
The Company will build out its mining operations in October and November 2012 and expects to be in full production in December 2012.
The Graystone Company Announces Its Properties' Possibility of 170,000 Ounces of Gold on Company's Properties
LIMA, Peru, Oct 10, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST), announced today that with the acquisition of Graystone 4, the Company estimates that its three claims (Gorilla, Graystone 2 and Graystone 4) could have in excess of 170,000 ounces of gold or $300,000,000 at current gold prices.
The Company extrapolated the results of its test mining production ("bulk sampling") to the three properties. Based on the results, the Company has estimated that the average level of gold is 0.76 grams per cubic meter. The results from the company's test mining production ranged from 0.33 grams per cubic meter to 1.47 grams per cubic meter.
The Company obtained its internal estimates using the following math:
Square Meters: 12,000,000 meters
Depth of Gold: 2 meters
Total size of properties: 26,880,000 cubic meters
Grams per cubic meter: 0.75 grams
Grams per ounce: 31.1
Total Possible Ounces: 1,152,412 ounces
Total Probable Ounces: 170,000 ounces
The Company estimates that 15% of the property's total size will be minable. The Company expects that it could be mining on Gorilla, Graystone 2 and Graystone 4 for the next 15-20 years. The Company is not including Graystone 3 in these figures because it is not in same immediate area. The company expects to provide testing results on Graystone 3 in the near future.
The Graystone Company Announces Acquisition of Equipment to Smelt Its Own Gold Bars
LIMA, Peru, Oct 11, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST), announced today it has purchased the necessary equipment to begin smelting its own gold bars. The equipment will be delivered and installed next week and the Company expects to begin producing its own gold bars from its mining operations by the end of October 2012. The Company will initially smelt .9999 fine 10 gram gold bars and 22k white gold bars.
By vertically integrating its business from producing gold and precious metals from its own mining operations to being able to sell directly to retail consumers the Company increases its margins by 15-20%. Junior mining companies typically sell its ore to refineries for 5-7% below spot price. However, by selling our gold to retail consumers, the Company can sell the gold and other precious metals for 10-15% over spot (for an increase of up to 20%). For example, the increase in margins could generate an additional $300-$400 per ounce of gold.
The Company's CEO and CFO financed the acquisition of the equipment which included gas furnaces, smelting equipment, molds, and other necessary equipment.
The Company recently announced it has commenced mining operations in Peru and will build out its mining operations in October and November 2012 and expects to be in full production in December 2012. Additionally, the Company has determined that it qualifies for a 2-year exemption from the Ministry of Mining in Peru. The exemption allows the Company to conduct full mining operations on its mining property Gorila for 2-years while completing the environmental impact study. The Company has filed for the exemption and expects to receive the exemption in the next few weeks. The Company is allowed to conduct limited production operations until it receives the exemption from the Ministry of Mining.
The Graystone Company Announces Peru Mining Operations Update
LIMA, Peru, Oct 22, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) provided an update today on its mining operations in Peru.
The Company has completed the following tasks toward production on Gorila:
-- Hired the project manager and foreman for production on Gorila.
-- Hired 2 crews for mining operations on Gorila.
-- Hired support staff such as cook, mechanic, carpenters for the mining camp
-- Purchase of supplies for the mining camp, including 600 meters of 4" hose, clamps, connectors, oil, grease, diesel, gasoline, generators, small hand tools, engine parts, first aid supplies, medicine and necessary cooking supplies.
The Company's project manager will be on site at Gorila to finalize the installation of the mining equipment necessary to begin mining production. The Company's goal is to finalize the mining camp build out and set up the necessary equipment within the next 14 days.
The Company intends to begin mining production the second week of November and the Company's CEO will be on Gorila in November to oversee the beginning of mining production.
The Company manufactured heavier mining equipment in the United States. This equipment will be shipped from the Port of Long Beach in California to Peru. The Company expects it will take 6-8 weeks to get the heavier equipment on Gorila. However, the Company will begin production prior to the arrival of the heavier equipment. The heavier equipment will increase the daily production of gold.
The Company's mining operations to date have focused on building out of the mining camp and acquisition of the necessary equipment. The Company had to build out facilities for clean running water, power, bathroom facilities, kitchen and other necessities of housing over 25 employees on the mining camp prior to production beginning.
"We are excited about the progress Graystone has made toward production. However, mining is not as simple as pulling gold out of the ground," says Paul Howarth CEO of Graystone. "First we need to build the foundation of the mining camp to support the mining production. We want to set the correct expectations of our shareholders and employees. Unfortunately, in the middle of the jungle there is no Costco or Home Depot. So, for example, if wood is required we need to cut down a tree. Mining in the jungle is above the pay grade of a lot people. It is difficult and takes time and money to do it correctly. We are ahead of schedule but it has not been easy. We are looking forward to production starting in November and our continued growth in 2013."
The Graystone Company Announces Update on Graystone II
LIMA, Peru, Nov 05, 2012 (BUSINESS WIRE) -- The Graystone Company /quotes/zigman/9980490/quotes/nls/gyst GYST -5.26% announced that it has conducted preliminary testing on Graystone II. The Company has done preliminary testing on approximately 10-15% of Graystone II. The initial results indicate that the part of Graystone II that was tested may contain as much as 20,000 ounces of gold (or $32,000,000 at $1,600 per ounce). Once the testing and mapping of Graystone II is completed, the Company will have a plan for production for Graystone II.
"The initial testing on Graystone II has been successful," said Paul Howarth, CEO of The Graystone Company. "However, we need to continue to test the property and complete the feasibility study. We will conduct a feasibility study to determine how much of the property is economically minable. There will always be portions of projects that are not cost effective to mine. But to have such positive initial results this early into our projects is exciting and we are looking forward to moving these properties toward production."
The proximity of Graystone II with Gorilla will allow the Company to maximize its resources in the area and provide the Company with base of operations to mine both Gorilla and Graystone II.
The Graystone Company Announces It Has Begun Mining Production
LIMA, Peru, Nov 13, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) announced that it has begun mining production in Peru.
The Company began mining production operations in November 2012 and expects to slowly develop and expand its operations over the next 6 months. The Company's expectations are that it will run one System (see below) during the 4th quarter prior to adding heavier equipment; thereby, allowing the Company the flexibility to locate the optimal locations to mine.
Company's Expected Production
The Company expects to mine 22 days per month and to generate between 15 - 20 grams per day. The Company expects to increase its number of Systems by approximately 1 per quarter beginning in 2nd Quarter 2013. The Company also expects to increase its gold recovery to 50 grams per day per System with the addition of heavier equipment such as an excavator and trammel and/or sluice box.
The Company expects to recover approximately 850 - 900 ounces of gold in 2013 for revenue of approximately $1,000,000. The Company expects to recover approximately 2,000 ounces of gold in 2014 for revenue of approximately $2,500,000.
Company's Mining Operations
The Company's mining operations in Peru consist of alluvial (or placer) mining. Alluvial mining refers to mining precious metal deposits (particularly gold and gemstones) found in alluvial deposits - which are deposits of sand and gravel in modern or ancient stream beds, or occasionally glacial deposits. The gold deposits are moved by stream flow from an original source such as a vein. Since heavy metals like gold are considerably more dense than sand, they tend to accumulate at the base of placer deposits.
The Company uses the term "System" to refer to its mining production operations. A "System" consists of the following:
-- Mining production foreman
-- Crew of 12 for mining (2 shifts of 8 hours each.)
-- Cook
-- Water Pumps to move water to where mining operations are occurring
-- Rock pumps to move the dirt, rocks and water
-- Sluice box
-- Shaker Tables
The Company expects the monthly expenses (monthly burn rate) associated to each system to be approximately $20,000 - $25,000. The Company expects the initial capital expenditures for each system to be approximately $100,000 and up to $250,000 with heavier equipment. These expenses include the costs of the employees, food, gasoline, diesel, oil, grease, soda ash, travel, security, repairs to equipment, machine parts, and miscellaneous supplies. The Company expects its breakeven point to be approximately 20 grams of gold per day depending on the purity levels, refining fees and easement costs.
Company's Permits
The Company has determined that it qualifies for a 2-year exemption from the Ministry of Mining in Peru. The exemption allows the Company to conduct full mining operations on its mining property for 2-years while completing the environmental impact study. The Company has filed for the exemption and expects to receive the exemption by the end of 2012. The Company is allowed to conduct limited production operations until it receives the exemption from the Ministry of Mining.
The Graystone Company Announces Update on Mining Operations
LIMA, Peru, Nov 14, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) announced that last week it produced in excess of four (4) ounces of gold or approximately 25 grams a day. The Company expects the gold to be approximately 85%-88% pure based on the Company's bulk sampling testing.
Additionally, the Company has begun to map the location for its second System. The Company expects to have the second System up and running early next year.
Company's Expected Production
The Company expects to mine 22 days per month and to generate between 15 - 20 grams per day. The Company expects to increase its number of Systems by approximately 1 per quarter beginning in 2013. The Company also expects to increase its gold recovery to 50 grams per day per System with the addition of heavier equipment such as an excavator and trammel and/or sluice box.
The Company expects to recover approximately 850 - 900 ounces of gold in 2013 for revenue of approximately $1,000,000. The Company expects to recover approximately 2,000 ounces of gold in 2014 for revenue of approximately $2,500,000.
The Company expects the monthly expenses (monthly burn rate) associated to each system to be approximately $20,000 - $25,000. The Company expects the initial capital expenditures for each system to be approximately $100,000 and up to $250,000 with heavier equipment. These expenses include the costs of the employees, food, gasoline, diesel, oil, grease, soda ash, travel, security, repairs to equipment, machine parts, and miscellaneous supplies. The Company expects its breakeven point to be approximately 20 grams of gold per day depending on the purity levels, refining fees and easement costs. The Company expects it cost will decrease in relation to the amount of grams produced as larger equipment comes on site and the Company becomes more efficient in its operations.
Graystone Company Announces Sale of its initial Gold Production
LIMA, Peru, Nov 28, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) announced today that the Company has sold its initial gold produced from its mining operations in Peru to its refiner in the United States. The Company sent approximately 6.3 ounces of gold to be refined and sold. The assay indicates that the gold from production has a purity level of approximately 85%. The Gold was delivered to the refinery on November 23, 2012 and the Company was paid for the gold on November 27, 2012. The gold represents the Company's initial 9 days of production.
The Company has also put up 2 bars of 10 grams and 6 grams for sale on eBay.
The Company will update its shareholders when additional gold from the mining operations in Peru is sold.
Graystone Company Announces Corporate Update
LIMA, Peru, Dec 06, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) announced today an update on its mining operations in Peru.
The Company's CEO successfully transported initial production of raw gold from the mining site to the refinery in the United States and the Company has received payment from the sale of the gold. The gold's assays came back at approximately 85% pure which was higher than the Company had expected.
The Company has confirmed with Customs in Peru that the heavy equipment shipped from Long Beach will arrive next week and should take approximately 1 week to clear customs. Once the equipment clears customs it will take approximately 3 weeks to arrive on the mining site.
Graystone Company Announces A Corporate Update
LIMA, Peru, Dec 18, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) announced today that the Company's equipment, which was manufactured in the United States and shipped to Peru, has arrived at the Port of Lima. The Company expects the equipment to clear customs in approximately 7-10 days at which time it will be transported to the mining site.
The Company began mining production in November and has averaged approximately 15 grams of gold per day. The Company expects the amount of gold recovered will significantly increase once the equipment arrives at the mining site. The Company expects that the gold recovered could increase by 80 or 90%. The Company's next goal is to obtain an excavator which would also increase the amount of gold recovered from its mining operations.
The Graystone Company's CEO, Paul Howarth, commented: "We are pleased with the progress that the Company made in 2012. Things move a little slower in Peru than we would prefer but we have exceeded our expectations we set in January and are looking forward to a great 2013."
Graystone Company Enters into LOI to Acquire Hard Rock Gold Mining Project
LIMA, Peru, Dec 19, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) is pleased to announce that it has entered into a Letter of Intent (LOI) to acquire an open pit hard rock gold project in Suriname. The LOI sets forth the terms upon which the Company proposes to purchase an undivided 50% interest in the Suriname project.
"We are excited about the Suriname project," commented Paul Howarth, CEO of The Graystone Company. "This will provide the Company with a significant increase in revenue and cash flow and should help us expand in Peru as well."
The Suriname Project
The project, referred to Suriname #1, is approximately 3 hours from closest major city. The project already has most of the equipment on site and expects to begin production in 8-12 weeks. The Company's investment will be used to acquire excavators and pay for the mining camp. The Company expects that the project will produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month per Pod. The project is immediately adjacent to one of IAMGOLD's projects in Suriname.
The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month. The Company's goal is to have 4 Pods within 18 months being able to produce 16,000 - 24,000 grams per month or approximately $1,000,000 in revenue each month.
The LOI
The LOI contemplates that the Company will work towards the completion of a definitive agreement (the "Purchase Agreement") in respect of the Proposed Transaction by January 15, 2013. Under the proposed terms, the Company will acquire an undivided 50% interest in the Suriname project for $100,000. The Company will receive 50% of the proceeds of the project. The funds from the gold sales are expected to be wired into an account controlled by the Company who will then make the necessary disbursements.
Proposed Financing
To fund the project, the Company will create a Series A Preferred Stock which will be used to finance the project. The Series A Preferred Stock will consist of 80,000,000 shares. The Company's intention of using the Series A Preferred Stock for financing is to minimize the effect on the Class A Common Stock. The Company's officers and directors have agreed to lend the company the necessary funds in exchange for 25,000,000 shares of the Series A Preferred. 25,000,000 shares will be issued to the current claim holder and the remaining 30,000,000 will be used to raise capital for the project. The Series A Preferred Stock holders will receive between 10-15% of the net proceeds from the project. The Series A will not be convertible into common stock. The Company will be filing an S-1 to register the Series A Preferred Stock. At which point, the Company will seek additional investors for the project.
Suriname
The small-scale gold mining industry exported close to 19,000 kilograms of gold in 2011, at least on paper. The total value of those exports was over US$ 914 million. This is up from 300 kilograms in 2002. Natural Resources Minister for Suriname Jim Hok estimates the actual annual production of the small-scale and industrialized gold mining industry to be close to 30,000 kilograms.
Graystone Company Completes Deposit Payment On Suriname Project
LIMA, Peru, Dec 20, 2012 (BUSINESS WIRE) -- The Graystone Company (otcqb:GYST) is pleased to announce that it has paid the $50,000 deposit pursuant to the terms of the Suriname project's agreement. The initial deposit will be used to finalize the mining camp and obtain the excavator and other necessary equipment to begin production. The Company expects the final definitive agreements for the JV will be completed in January 2013.
"We have established sufficient terms in the LOI for us to move forward with this payment," said Paul Howarth, CEO of The Graystone Company. "This will allow the joint venture to begin acquiring the remaining equipment necessary to begin production. We are looking forward to this project and expect production will begin soon."
The Company's officers invested the funds necessary for the deposit payment. In exchange, the Company agreed to issue 25,000,000 shares of the new Series A Preferred Stock.
Graystone Company Provides a Corporate Update
Lima, Peru, Jan 16, 2013 (GLOBE NEWSWIRE via COMTEX) -- The Graystone Company (otcqb:GYST) will provide the an update on its mining operations in Peru and Suriname next week.
Graystone Company Begins Environmental Impact Study
Lima, Peru, Jan 22, 2013 (GLOBE NEWSWIRE via COMTEX) -- Lima, Peru, January 22, 2013 -- The Graystone Company (otcqb:GYST) announced today that the Company's Peruvian wholly owned subsidiary, Grupo Mineral Inca S.A., has retained the services of a firm to conduct the Corrective Environmental Management Instrument (a/k/a environmental impact study) on its mining properties Gorilla, Graystone 2 and Graystone 4.
The Company expects to submit the record of Corrective Environmental Management Instrument by February 5, 2013 and file the final Corrective Environmental Management Instrument in approximately 7 months. The costs associated with the Corrective Environmental Management Instrument are $56,000, which the Company's officers agreed to lend the Company if necessary.
Graystone Company Provides Corporate Update on Peruvian Operations
Lima, Peru, Jan 22, 2013 (GLOBE NEWSWIRE via COMTEX) -- The Graystone Company (otcqb:GYST) announced today that the Company's Peruvian wholly owned subsidiary, Grupo Mineral Inca S.A., has received a 2-year permit from the Peruvian Ministry of Energy and Mines to conduct full mining operations on its mining properties Gorilla and Graystone II.
Significance of the Mining Permit
Prior to receiving the mining permit, the Company was limited in the amount of gold that could be extracted. With the permit, the Company is no longer limited in the amount of gold that can be extracted and can fully deploy the heavy equipment that was purchased and which has cleared customs. The Company expects that the heavy equipment will allow the Company to extract 50 grams of gold per day.
The mining permit requires that the Company complete an environmental impact study on the properties prior to the expiration of the 2-year permit.
Expansion of Operations on Gorilla
The Company is in the process of acquiring an excavator to be used on Gorilla; now, that the Company's operations are no longer under the limited production requirements. The company expects that the excavator will increase gold production to approximately 100 grams a day.
The Company will build a 2 Pod on Gorilla as soon as it obtains the excavator. The 2 Pod is expected to increase gold production to a total of approximately 150 grams per day or approximately $1.7 million in yearly revenues (subtracting purity levels and refining fees).
The Company has been engaged in limited mining operations and has generated in excess of 500 grams of gold.
Suriname Operations
The Company's officers are currently in Suriname and are expected to return to Lima, Peru this week. As such, the Company expects to provide an update regarding its Suriname operations next week.
Company's Peruvian Mining Properties
Company estimates that its three claims (Gorilla, Graystone 2 and Graystone 4) have in excess of 170,000 ounces of gold or $300,000,000 at current gold prices.
The Company extrapolated the results of its test mining production ("bulk sampling") and its recent mining properties to the three properties. Based on the results, the Company has estimated that the average level of gold is 0.76 grams per cubic meter. The results from the company's test mining production ranged from 0.33 grams per cubic meter to 1.47 grams per cubic meter.
The Company obtained its internal estimates using the following math:
Square Meters: 12,000,000 meters
Depth of Gold: 2 meters
Total size of properties: 26,880,000 cubic meters
Grams per cubic meter: 0.75 grams
Grams per ounce: 31.1
Total Possible Ounces: 1,152,412 ounces
Total Probable Ounces: 170,000 ounces
The Company estimates that 15% of the property's total size will be minable. The Company expects that it could be mining on Gorilla, Graystone 2 and Graystone 4 for the next 15-20 years. The Company is not including Graystone 3 in these figures because it is not in same immediate area. The company expects to provide testing results on Graystone 3 in the near future.
O/S =
337,882,497 issued and outstanding as of Dec. 27th 2012
subtract the CEO, Paul Howarth's 106,045,077 shares
as well as the CFO Joseph Mezey's 105,872,127 shares as of Jan 16th 2013 since nobody will be able to get their hands on those and what's left?
TRADEABLE FLOAT = 125,965,293 imo
and I doubt every last one of those 125M shares are in the market and available for sale.
A/S = 5B
they are showing 50k shares for sale at the ask until .0042. LOL
pretty tight float...
thanks for the cheapies today whoever they came from...
soon will be time to move up a notch...
i love it... load em up before the run...
i picked up some low to mid .oo3's yesterday and when it went into the .oo4's I thought that was it... kickin myself.. if you don't mind trying a bit harder I need to get some more down here on the bid... TIA I mean were only down 5% after the recent triple digit % gain. Can't you do any better?
Sometimes you just get gifts I guess.. I mean a $1000 pushes it over .oo4... lol.. pretty thin.....
.0042 x .0043 ... .0043 dropping...
Ya... could be a nice little runner in the making... not far from the bounce off the 52wk low.. lots of forward looking events to come and I wouldn;t be surprised if we don't get that update pretty soon that's gunna send this bad boy... ;)
the bastards... LOL ;) Looking good GYST
no, you're right their not.. it's just that i'm pretty confident that nobody shorts sub-pennies..
As previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2009 (the “Previous Report”), American Sierra Gold Corp. (the “Company”) entered into a Joint Venture Agreement with Trinity Alps Resources, Inc. (“Trinity Alps”) (the “JV Agreement”). All information set forth in the Previous Report is incorporated herein by reference.
As disclosed in the Previous Report, pursuant to the JV Agreement, the Company has the ability to contribute up to a total of $2,000,000 over a period of two (2) years in order to obtain a 75% ownership interest in certain entities owning and operating the mining claims and property known as the Discovery Day Gold Project (the “Claims”), which covers over 950 acres and controls the entire Knownothing Mining District in Northern California.
Read more: http://www.faqs.org/sec-filings/091214/AMERICAN-SIERRA-GOLD-CORP_8-K/#ixzz2IlXwKRMk
This thing could easily go deep into pennyland... Hopefully they know what they're doing and do it properly... ;)
they want your shares before it closes near the high of the day and makes another tear tomorrow. just ignore them...
Picked up some today...
.0515
animal...
.027 printing
.017 x .018
beautiful flush there around .012... someone's gunna be kicking themselves.. going higher now...
VKML - news
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
VKML - news
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
.0101 x .0105 premarket
VKML - news out today
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
VKML - News out today
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
VKML - NEWS - gapping
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
VKML - NEWS - gapping
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
NEWS
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California.
PEORIA, AZ, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Viking Minerals Inc. (VKML-OTCBB) announces on behalf of the Board of Directors that the Company has concluded the acquisition agreement for the Gold Mine in Northern California.
The Mine consists of 48 Claims and covers an area of 950 acres Which has Proven Ore, Probable Ore, and Geologically inferred resource along with a qualifying report NI-43-101. According to one of the geological reports the total geologically inferred resource is 1,165,000 ozs of gold in 4 major veins, number of known veins is 6, and Reserve Valuation is around $ 225,000,000 USD, at $ 1500 per ounce. The mine building cost was $5,000,000 USD along with 100 ton/day mill on site and fully permitted until 2016.
Charles Irizzary commented," We are very excited to have concluded the agreement".
The Company wishes to correct the previous News Release which stated the closing of the acquisition agreement by Jan 8, 2013. The Board wishes to retract the content of the News Release made on Dec.27, 2012 in reference to the date of acquisition agreement.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Viking Minerals Inc.
Copyright (C) 2013 PR Newswire. All rights reserved
VKML - seems to be forming a bottom here close to the 52wk low... news expected shortly as per Dec 27th PR they indicated a mine acquisition by Jan 8th.. low floater.. might be worth a look..
I see I'm not the only one thats liking the .008+'s down here... nice buys whoevers stealing those up too... chart's starting to put in a nice bottom and indicators are all starting to look real good.. she's going to start turning up soon imo.. & with the acquisition news expected in the near future, next time we leave the .008's it'll probably be for good... she's lining up to make a nice run here imo...
not many shares available... bring the orders down... i'm nibbling... lol