Often irritated, never duplicated
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Consider this...
Take a good look at how the Chinese stockpiled iron ore, steel, aluminum as commodities dived in 2008-09. M&A news was a constant slog of Chinese acquisitions, cash-on-the-table, lock-it-in, bang-bang...(-bhang?).
They are the deep pockets of today, greedy and unapologetic, Ayn Rand's dream client. Capitalism doesn't get any more pure short of the black market. I only hope our executives are up to the task of landing an equitable deal for our claims with these true practitioners of laissez faire.
Capitalism works its way around the globe exploiting cheap labor, and the copper necessary to bring western China online is a huge part of the play here for LBSR, as is the uranium to bring industrial scale power to the corporations that will employ their peasant farmers in future generations. It is a story that has played out all over the world. Corporations seek margins only available with bottom-dollar labor, so China is the play of the day. They will get their copper, their uranium, and I'm sure they would take some gold as well, to recover the massive unrealized losses they have taken on US debt holdings.
So doing business with a "communist slave state" is normal stuff in this sector. Read your Patriot Act or your corporate employment contract and you'll feel better about the fate of our eastern komrades.
We are not so different, you and I...
"...they still need to file an 8-K..."
Once again, this is not always the case. I will repost a previous excerpt in the hope that we can stop setting up the bashers by proposing a pending PR which can be delayed or selectively filed for any number of reasons.
From the previous message:
The presumption that news is pending any day now sets up false hopes that make shareholders feel like bagholders when bashers make easy targets of them after hopes are dashed.
I mean this with no malice to anyone, but it is a foolish buyer that takes their cues from public forums full of anonymous contributors with their various agendas. Tips are for waiters, and that garbage email that was circulated was clearly bogus. That it was fake is a huge boon to anyone here who bought on the pseudo-news, as they could have been easily tracked to show trading on non-public info.
I've seen huge JV announcements by a supposed partner and scads of new hopefuls shouting about how their company is bound by the SEC to release news within 4 days, train gonna leave without ya, these will look cheap tomorrow, once-in-a-lifetime, rah-rah, yee-haw, blah-blah. Meanwhile there are CT orders to allow working parties to complete deals quietly without divulging info, extensions that can be filed, exclusions and exceptions that are sometimes handled by the private of the two entities to avoid divulging info publicly through the public partner, etc.
I agree with that statement...
('Cause I've been patiently waiting for him to sell out and move on for about a year!)
Funny...
Apparently .0071s are available if you need the right total number to make someone's AON. Bizarre. Hope it doesn't mean they are easier to get than we're supposed to know. Just sayin'...
Okay, I'll open a window...
Thank you for your advice...
...but with a lawsuit hanging and 15B AS (!), my discipline does not allow current entry, nor does my asset appropriation. I'm sure a nimble flipper could do well here, but I will watch a bit longer. If I miss the rocket ride, I'll be happy for the ones who believed and held on to their tickets.
Precisely the appeal...
...but don't forget that some of these claims aren't exactly sitting next to a superhighway with a processing plant right up the way. Infrastructure concerns abound and this plan is in the very early stages.
I've watched this casually for about a year. Glad I didn't buy yet, but the time may come. GLTA.
Well, when in Tucson...
"...we were promised an 8-k..."
That is a patently absurd statement. Some chose to believe a rumor, nothing more.
It is illegal for a company officer to divulge the date of a news release to anyone outside the company previous to the actual publication. Those who claim to have the exact date are essentially stating that they have broken the law and will involve you as well if you choose to trade on the info.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66225877
Yes, fantastic skill set, as I have mentioned before...
And I believe his Masters is in trade law, particularly apropos.
LL is one smart, motivated, capable professional to get where he has at his age. That said, our public lives are ample fodder for anyone who wants an insight into how to approach us in adversarial situations.
I agree Liang's twitter needs cleaned up...
This guy is now running a public company with huge assets, and his opinions on pro golf or Katy Perry aren't likely to impress some of the old money he will be facing to get the assets valued and packaged.
These 80-year old MBA's working for China's top acquisitions specialists, guys who read 'The Art of War' 10X before they were Larry's age, would just love to negotiate with a guy who is distracted by pop culture and sports.
Heads-up, kid, this is the big leagues, and you might look like lunch to some of your opponents.
Last 10-K was June 20, filed late...
There are still ways for them to make the necessary financials without addressing details of the JV. I've seen it plenty of times.
http://ih.advfn.com/p.php?pid=nmona&article=48136646
Oh go ahead and let 'em fill my stink bid...
You guys with millions of shares are being selfish, while little fish like me want to scratch together a few more K, since the wrecking crew (read: 'liars') are here demonstrating all the restraint of a pack of dingos at the playground.
Let them yip and snap for scraps until my stinky .007s are up, then we'll have a number that will matter when MMTC finds its proper PPS.
It's-a-comin'...
Congratulations, Larry Liang!
The promotion makes me wonder if he has secured something that warranted this news. I don't want to sound like we should expect news any day, but a follow up to this development would not surprise me at all.
I took us off the -28% mark...
I put in a stink bid stinky enough that nobody wants it. We pulled back up seconds after I placed it. Maybe I should open a window...
=-/
"...since we are going into the 8K..."
The presumption that news is pending any day now sets up false hopes that make shareholders feel like bagholders when bashers make easy targets of them after hopes are dashed.
I mean this with no malice to anyone, but it is a foolish buyer that takes their cues from public forums full of anonymous contributors with their various agendas. Tips are for waiters, and that garbage email that was circulated was clearly bogus. That it was fake is a huge boon to anyone here who bought on the pseudo-news, as they could have been easily tracked to show trading on non-public info.
I've seen huge JV announcements by a supposed partner and scads of new hopefuls shouting about how their company is bound by the SEC to release news within 4 days, train gonna leave without ya, these will look cheap tomorrow, once-in-a-lifetime, rah-rah, yee-haw, blah-blah. Meanwhile there are CT orders to allow working parties to complete deals without divulging info, extensions that can be filed, exclusions and exceptions that are sometimes handled by the private of the two entities to avoid divulging info publicly.
And for a real dose of reality, I've seen everyone breathless for news only to rush to their alert and find that their micro-cap gem is being sued. In the course of researching many start-ups, I have gone back to many tickers to find them DOA. Even micros with game-changer technology often lack the capital to fight off litigation by an opponent who may have legitimate concerns or may simply seek to squelch competition, often for the purpose of eventually acquiring them on the cheap.
Keep it real. MMTC is amazing and I hold my shares, but cherchez la dangereaux.
Want to post the trade confirmation? Sure doesn't show...
"cost only 10 cents...not allot of profit..."
Have you tried reading? It is a revolutionary technique for decoding written information so that its content can enter your brain and inform your statements. You should try it. It sure works great for me.
Volume 12M in the pre-market...
Now that the daily lunch-money traders have finally got on the bus, we can move forward again.
AK Supreme Court Decision expected...
On the odd chance that it goes against PLP, it might behoove the LBSR shareholders to remember that we have other super-projects on tap, and a massive new porphyry discovery in Tombstone, AZ, which was the subject of recent news.
Unlike NAK, we do not live or die by Pebble, although those who read here regularly will be familiar with the speculation that our claims are less environmentally sensitive and therefore might get fast-tracked in the eventual development plan.
Cool Heads Prevail...
"...which was in operation from 1995 to 1996..."
They couldn't have put too many miles on it in that short of a time span. AZ is dry and stable, so a refurb should be completely workable. Copper over $4 and right in the middle of a long-term commercial mining district. Looks like a business plan.
BTW, methods for detecting underground reserves have made some serious advances in the last decade. Given the VC currently available based on metals prices, it would not be surprising if the demand for the milling process could see plenty of growth. Operations that became unfeasible during 2008-09 will be opening the gates for rising copper, as we are in a 30-year proportional low supply for Cu.
Commodities are king as long as the dollar stumbles and economic uncertainty reigns. Let some light appear at the end of the tunnel and any hint of growth will put the spotlight more squarely on copper.
Undervalued indeed, and that's before the speculation over the revamped BOD.
"Nothing has changed, except for the better"
Agreed, but it made me chuckle.
Imagine Briscoe breezing back from lunch and telling Tracy "Oh, by the way, SRK says we have another massive porphyry in AZ. I guess we can still make obscene profits even if Pebble gets stuffed by the greenies. Now have you seen the number of that drilling outfit?"
Reposted from Ibox:
The text in the profile is small and light plus italicized, so I thought I would bump it up for easier access. I'm sure I'm not the only one with aging eyes...
Plus the info is great news for the company!
Kingman, AZ. 2010-08-03. Sierra Resource Gropup - KINGMAN, AZ, Aug 03, 2010 (MARKETWIRE via COMTEX) -- Sierra Resource Group, Inc. (SIRG) is pleased to announce today that Mr. James Stonehouse, P. Geo. (CA Reg. #5518) has joined Sierra Resource Group, Inc. as its CEO and President. Mr. Stonehouse will also serve on the company's Board of Directors. Mr. Stonehouse brings a wealth of experience, leadership, knowledge and various skills that have been acquired through his many years of experience in the field and practical training. Mr. Stonehouse will devote all his time to assure the company succeeds.
Mr. Stonehouse is a mining professional educated at Dartmouth College where he received both his Bachelors and Masters degrees, (1974, 1976).
He brings over 30 years' experience in the development of new mineral resources in North and South America, Central America and Central Asia.
He has held senior level executive positions with major mining companies and supervised successful exploration programs which have led to the discovery and the development of new mines around the world such as: Kazakhstan, Colombia, Ecuador, Venezuela, Honduras, Nicaragua, Guyana and the United States.
Mr. Stonehouse's expertise has led to the development of new mines producing gold, copper, lead-zinc, silver, diamonds and gemstones.
Mr. Stonehouse's goal is to place the Chloride Copper Project into production early 2011 and looking for new mining opportunities for the company in North and South America.
Mr. Stonehouse was quoted as saying, "I'm excited about this opportunity, I look forward to assembling a management team with similar goals and expectations not to mention expertise in our industry. I believe our shareholders and investors will be very happy with the end result."
About Sierra Resource Group Sierra Resource Group, Inc. is a U.S based junior exploration and mining company, which owns 80% of the Chloride Copper Mine in Arizona. The Chloride Copper Mine deposit is hosted by Late Tertiary conglomerates and, to a lesser extent, by Quaternary alluvium and Cretaceous granitic rocks. Copper mineralization at Chloride Copper Mine is in the form of mineralized lenses contained within a paleochannel a few thousands of feet long and up to 750 feet wide. The source of copper at Chloride Copper Mine is interpreted to be the low grade porphyry-type copper mineralization at Alum Wash, about 3.5 miles northeast of the Chloride Copper Mine deposit. The mineralization is characterized by dark blue to black rock similar to the Exotica deposit, a satellite of the huge Chuquicamata copper deposit in Chile.
Read back through the posts here...
Some astute, diligent folks have been digging around and have been kind enough to post much of their work here.
The company has a cathode refining mill, in an area with many other miners, at a time of record metals prices. Do some research on cathode processing. It offers a significant advantage over shipping ore offsite for refinement. If they can refurb the mill, revenue is a given whether they mine the claims themselves or not. Road access, power, etc, are all well established and the area is a mining district, i.e. easy permitting.
The claims are modest, but certainly commercially feasible by current standards. The real speculation comes with the connections and professional history of the recently added board members. A look at the background and professional achievements of the new BOD should cause anyone to look twice. To me this reads like an RM being used to facilitate a deal between a trust and a consortium of entrepreneurial investors, likely to raise capital and exploit a TBA claim that one or more of the directors has located or optioned.
And I should have flipped out for freebies this morning, but I had other fish to fry. I also had another bid for lower entry and didn't want to be locked out for the dip if it came today.
And that's why all the industry heavyweights jumped onboard?
Oh wait, we're not supposed to tell you that until the rest of the smart ones finish loading. Disregard, please.
Passive/Aggressive Trader Alert:
Do not drag this equity below a penny. I'd just HATE to load the rest of my dream position that I didn't think I'd get due to runaway PPS. Please don't wipe away a tiny fraction of my triple-digit gains (for an hour) to drop this to an attractive mid-morning snack price. Golly, I'd just be so upset if MMTC stooped down to pick up the short-bus patrons who think they deserve discounts for gracing us with their small bags and big lies.
(You got here late, now get on with your predictable, petty malfeasance so logic can once again drive this amazing company to its rightful place in the marketplace. Onward and upward; we do not suffer fools lightly.)
"I think this one is run out of a garage"
It's all right, Smallbag; looking at your other stock board shows a long nasty slide of 70% since June, followed by another 28% today. You should have come to MMTC sooner instead of piddling with SFI* and their e-cig gimmickry.
Gracias, Go MMTC...
Making tall money and funding a technological development that can save lives. Sure beats a tobacco ETF!
Every now and then...
...it feels like a good time to have an order in before the opening bell. 80M shares traded EOW, against heavy inside ownership and limited float, plus a quarterback-sneak of 15M shares across the goal line in the last 3 minutes of trading.
Upon further review, the play stands. Line 'em up...
Thank you, Pharoah...
Just stopping by and pre-rusing screened tickers.
It's going to get rough out there folks...
If you hold MMTC, consider that the eventual enterprise value of this company and its proprietary, patented technology may find true valuation by licensing the technology across broad industries. Food safety and hospitals are obvious applications, but detection of bioweapon pathogens is huge business, and so is forensic lab work. These are applications that lock in lucrative public contracts and entrench the hardware in stable industries with constant demand, recession-resistant revenue potential.
Relatively minor changes to the design may allow this technology to supplant spectroscopic and gas-chromatography applications, both of which involve costly expendables as part of the process. Detection of biocontaminants in industrial process, organic and commercial agriculture, water utilities, the list goes on.
I have personally witnessed stocks that ran thousands of points in a day, including one that did over 20,000%. Although that run allowed me in late and still produced a daily double (with freebies hanging- TS*S RM w/ PG*E), it didn't have a fraction of the true momentum here, as measured in leverage of this technology over existing methods.
Ask yourself how cheap you should sell when this is a game-changer technology. Let's stick together through the unavoidable games and make some real money.
"AS-3,500,000,000 as of July 21, 2011 (reduced from 100 Billion)"
"Reduced", along with the collective equity of the last round of bagholders.
What type of business could they possibly RM that would justify an A/S of billions right out of the gate? I smell self-enrichment ambitions. Proceed with caution.
Highly Recommended...
And thanks to Provencial.
http://ih.advfn.com/videos/stock-research/mit-1000-technical-overview-and-operation_B-o9LEqrmSk
I've been gone all day...
Just saw this. I don't know who originally received it, but it doesn't look like it was written by a careful and accomplished person. Some of the references are also rather contrived, with attention to details that might be more important to a shareholder with an agenda than a biomed CEO.
Brennan would be taking a huge chance to send this to anyone, even over a secure internal network. Anyone with half a brain knows that email is not terribly private or secure. I have a hard time believing that the guy who brought us the MIT-1000 technology would risk such a blatant protocol error that could cause myriad ethical and legal problems for the company and therefore himself and the shareholders.
Anyone buying MMTC on the content of this alleged email would be nuts, based on the odds of it being legitimate and the chance that as an internal memo, trading on it is illegal if it happens to be true.
Now how about that new video? I bet the timing of that release is no accident.
We should have a great week, but I hope nobody is buying into too much questionable and unconfirmed info. Ask yourself if a guy as smart as Brennan carelessly leaks sensitive info via email and then takes time to include "she be a fun week for the shareholders". Reeks of manipulation to me, and I say that with absolutely no judgment for those who posted or allegedly received it.
Excellent Presentation...
I bet the narrative has already been translated into several other languages and distributed. Perhaps the timing of this is part of the pending news we keep hearing about...?
I smell Green.
"% of Shares Held by All Insider and 5% Owners: 44%"
http://finance.yahoo.com/q/mh?s=SIRG.OB+Major+Holders
(Update: in light of the recent changes in SS, this is probably no longer an accurate figure, although it likely still reflects a significant inside ownership %)
Financials were apparently filed yesterday
http://finance.yahoo.com/q/h?s=SIRG.OB+Headlines
Yahoo shows the link for the filing, but the link connects to the period ending March 31.
"...many that are down several hundred percent..."
There are three types of people in the world. Those that understand math and those who don't.
"...finally bringing in some sensibility to this forum..."
Yes, please talk some sense into me before I make another 700% in a few weeks.
Oh, the horror of it all...
I'm liking some things here...
Many thanks to those who dug deep and connected the dots thus far. I agree that these players suggest a little more than just a modest copper pit in AZ could be in the works. The right people with the right connections and suddenly the scope widens. Nice to see such accomplished folks getting on board.
Last 10Q was May 17, so ideally we should see something soon. Whether it reveals why the elite corps are assembling ranks for SIRG is the big question. Now looks like a chance to start small and jump on dips. If the 10Q is a non-event, there might still be some opportunity for real lowball accumulation.
OMO, I noticed I still have some free shares sitting around in a play you tipped off a few months ago. I put a smidgen of the original proceeds on a very promising tech/biomed recently and it's on a serious ride at the moment. I've been posting there regularly if you're interested. I suspect there is much left to be had.
Funny Stuff...
A few days before I grabbed .0016's, I looked up MMTC on Barchart.com. Looked positively awful, no redeeming data. My gut told me their technology was a game changer, and if they could keep moving forward, it was worth a gamble at that price.
Can I get an A-buckin'-MEN?