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This is ridiculous. Bid @ .033 but Ask is STILL @ .04
Could be a buying op if they lowered to Ask.
I wouldn't worry too much about the financing. When the results from survey come out, CEO will have his pick. Alain will not let OTG fail; he has too much invested in it.
IMO it will have wider visibility tomorrow & finish week with a good bounce.
We definitely need something. We R headed in the WRONG direction.
Phew! I thought it was just me and my lack of trading knowledge. They are driving me crazy trying to understand why the Bid & Ask react the way they do.
Nice finish - up ovr 17%
Yup! Buy now or forever cry, cry, cry.
IMO We will look back on next week and say "THAT was one Hell of a week!"
Yup! Buy now or never cry, cry, cry.
IMO We will look back on next week and say "THAT was one Hell of a week!"
IM Confused! How is it that 2 sells of 5K ea drops Ask by 2/10 but buys of 75K can't budge it?
That may be the value of the Abigail property.
I think I saw $1.15M myself and I questioned that.
There must be some residual value in PayByTheDay + OTG.
Can anyone on the Board answer that?
Another buying opp. Just picked up 30K @ .038
Thanks! But that report came out 2 days ago.
U R Right! Those results make OTGI look HUGE!
Based on this map and Nemaska results, OTGI could easily become the LARGEST Lithium mine IN THE WORLD!!
Bucket up! It's going to be a WILD ride. lol
Picked up another 40k at .04. Yaaa!
Time to move some more $$ around and up the ante before they launch this rocket.
Oh, UR the one! I thought it was Doubloon.
Alain ALSO owns about 6M shares in Nemaska.
There is NO WAY he will left either fail.
I'm in LOVE with ur dog. I want to eat his face. lol
The info he shared with me was in generalities, not specifics and not in concrete yet. He can't do a PR until things are firm.
Any "Official" news will be in a PR and will be issued as news develops. Jordan does not want to do PR just to try & generate interest. News will come! Financing, Aerial survey, Nemaska results, OTG expolration: they just take time.
Woodtick - UR name came up in long talk with CEO last nite. Aerial survey begins Feb-Mar and exploration begins on ground right after. Seems that Champange who has largest shrhldr in OTGI also STARTED Nemaska, is a major stkhldr there too, and also own the equip that they are using for exploration. Equip will move across street to OTG asap. NO WAY Allan will left OTG fail. Sit tight and good new re survey results or financing will be coming to light in next 30-60 days.
Thanks Gmarc3! I don't have the full pic of the trades. In this for 320k shares and waiting to retire so Im in it for the long run. IMO
Confused! Why doesn't 90k in Buys move Ask up but Sell 5k & it drops 2/10s. What's up with that?
Add another 20k for me.
Like the sound of that. At .50, it would be a ten-bagger.
Those are few and far between. IMO
Jordon is REALLY under the gun and MUST secure financing quickly for the following reasons extracted from the 10q:
1. $100K due end of Feb 2011 on purchase of Abigil property.
2. $300K due by May 16 to start exploration.
3. $14,900 due by May 26 for Note Payable (unless stock is converted at $.75/share WE CAN ONLY WISH)
This is the most recent news on Nemaska:
QUEBEC CITY, CANADA, Jan 11, 2011 (MARKETWIRE via COMTEX News Network) --
(TSX VENTURE: NMX)(OTCBB: NMKEF) - NEMASKA EXPLORATION INC. ("Nemaska" or the "Corporation") is pleased to provide an update on the on-going exploration program at its 100% owned Whabouchi property (about 1,716 hectares) that is located in the James Bay Region of Quebec.
To date, the Company has drilled 23 holes or 4,200 metres at Whabouchi. Mineralized zones were intersected where expected during the drilling thus far. The objectives of this diamond drill program are to obtain a representative sample across the deposit to be used in pilot plant metallurgical testing planned for winter 2011 and to update the initial resource estimate published on July 14, 2010 by SGS Geostat. Drilling was halted for the holiday break and resumed early last week. The Company expects to complete the drilling in early March with 48 holes planned for a total of 10,000 metres.
"Drilling is progressing rapidly at Whabouchi and we will be providing the market with drill results on a regular basis over the next few months," commented Guy Bourassa, President and CEO of Nemaska Exploration. "We are also expecting the results from our Preliminary Economic Assessment to be out in the next few weeks. This is the first step in moving the project toward feasibility."
The technical sections of this press release have been prepared by Yvan Bussieres, P. Eng. qualified person as defined in National instrument 43-101.
That's Cool! We have over 10% of float.
That should give us some leverage in moving the Ask.
300k
Parlez vous Francais?
GREAT Corelation! Oh, that this were true for OTGI.
Would make for a more comfortable retirement.
That would be ME. Just bought another 20K at .0475.
What's with the MM? drop ask by 6/10ths on 2400 sale? Why?
U R Right! Next news should be Nemaska results. If that happens before 1/21 Mining Conference in Vancour, Jordan getting financing should be a slam-dunk. Once that happens, fasten your seat belts.
SLOW? No activity in 45 minutes? This isn't slow, it's anemic; it's molasses in the winter.
Great Interview! Thanks for that link.
They should also have the survey results on Nemaska by then as well.
BORING! Looks like new resistence lvl has dropped from .04 to .03
CEO said that they had arranged for insider large block to be sold privately back in Dec but buyer got greedy. They figured that selling on open mkt would drive pps down into 1's and then they would buy them all and make a killing. They got fooled because when pps got down into 2's, a lot of buyer jumped in a drove pps up to .04-.05.