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You're wrong on that. This is definitely a flipper stock. Look how volatile this thing is because of the share structure. .018 to .025 is a great flip. Problem with flipping is when news comes out the flipping will be over.
It's not going to be smart money that flows in here... it's going to be a crap ton of new investors flocking in here when this thing begins it's NASA launch. By then.. we'll already see .20-.30 .. I'm not even kidding. The share structure is outrageously low.
Let me break it down for you new investors.
New investors (new to investing) - This type of penny play is a high risk, but insanely high reward. The reward definitely outweighs the risk right now. This type of stock is a LOW FLOAT / LOW O/S play.
.... but Mr. Naturallyk2 what does that mean?
Well New Investor it means that the spread (bid x ask) will be wide many times and it can jump from -50% to %100 in a quick minute.
.... but Mr. Naturallyk2 how will I make tons of money on this?
Well New Investor, you will make tons of money on this play if you use your money wisely. Wisely? Yes, meaning to use parts of your nonMargin cash and buying the stock and then buying more on the dips down to "Average Down." If you dump all your money in at the current price and the price drops then what money will you use to buy more shares at a lower price?
.... Wait NatK2, if the price drops then why would I want to buy this POS?
POS? This play is about to be in its prime and will most likely explode when news of a merger or R/M or some other fantastic news comes out on it. With the current float and O/S I've seen stocks like this go from .01 to .90 in a day. It's that volatile only because the share structure is that low.
I got out of this one today because I knew today was going to be red. Key indicators as follows
One thing I will point out about the PR and this will explain the reason why I think the CFO is anti-shareholder - "With respect to corporate transparency, management is pleased to restate that during 2010, the Company successfully brought current all of its filings with the Securities and Exchange Commission. " ----but then we have this----- "With respect to questions regarding access to Corporate Stock Transfer, the Company's transfer agent, by business practice, our transfer agent refers all calls regarding the Company to management. The procedure was in place third quarter 2010, and the policy will remain in place." ...
What does this tell me? It tells me the company is transparent to the SEC and not the shareholders... they GAVE US THE SHARE UPDATE THAT WAS DEC 1ST! Why December 1st? BECAUSE THE O/S was RIGHT UNDER 300 million. It's most likely over 300 million right now and will probably be 400 million by the next update or higher. I'm sure the CFO is behind this nonsense. Red flag on that one when the company says they are gagging the TA and only the company will release the share structure quarterly. I highly doubt it'll be an up-to-date share structure come next quarter. I was in this because I expected the CEO to have the backbone to help his shareholders, but apparently he's following his CFO's plan of action which in my opinion is "Only let the shareholders get little bits of info to keep them going while we continue dilute and make as much as we can with a smaller amount of shares." I mean look at the payday the CEO gave himself.... he's clearly following the CFO's suggestions.
Remember this... when a company gag's a TA and even comes out and tells shareholders that only the company will release the share structure it means that they will continue to dilute at the best possible prices with a smaller amount of shares. That's great that they're paying debt off and trying to get the company on a good track, but you'll definitely see your account red if you hop in right now and go short-term long ( months ). Day traders - keep on doing your thing... this one will be bouncing for a little while.
Mark my words - the CEO is going to play puppet master and will release progress updates causing the PPS to pop and then make another round of dilution. The bad thing about this is if a lot of you longs hop out you're going to take down the PPS quite a bit which will cause the CEO to get desperate and just go hay wire on dilution.
The PR will come today. There is no doubt about it. I'm expecting it after market close though.
That's because most of us have gotten in at .012-.02 ... lol
Yes, friday's PR stated that there will be a PR today.
Lol I'm seeing the same thing too... It's easy to spot the MM games when you see low volume bring down the PPS.
I'm watching the buy and sells go in and out and I can see that its the MM's that are bringing it down on low volume.
We'll see when we get the capital structure today. That's what was last reported.
Yea we have one here in the middle of the FOB.
Sharana. KAF is horrible.
After the formal closure is made public we'll most likely see some good news and DGRI complying with the SEC. That should help the PPS. I can almost guarantee that DGRI will put out a PR after the closure.
It's already tomorrow in Afghanistan. 8:44 AM to be exact
There is no relationship between his article and your post. You know how bashers get.
So... you believe by going through someones online profile that they are going to include everything that they've done in their life? I'm in the army, but I don't say so on my facebook account. So if I claim to be in the Army, but you check my facebook page to see if its true and you see nothing Army in there am I lying?
I'm guessing the NI-43-101 isn't substantial to you.
Moon.. shoot me an email at naturallyk2@gmail.com . We need to stay in touch more.
I've known Moon for a little while now. He doesn't shoot straight. Heck he can't even piss straight, but can any of us? lol
I understand... day traders are the ones that keep stocks liquid so I let the day traders trade and they let me as an investor invest.
I hope they don't pull a KATX and up the A/S ... thats the only thing that troubles me.
That means going off of this PR and PR alone we're looking at .80 PPS for 192million O/S or .30 for maxed 500million O/S .
Could care less about the Chart moon. The chart is for day traders. The O/S - A/S + the AU:AG ratio is what we need to really know. Then I can tell you guys what PPS we should be fairly looking at ;)
Well Mr. Bulldog guy... help me find out the AU:AG ratio and I'll help you calculate the PPS (low and high). Sound fair?
I'll look through it, but in this PR they just put out they state "several million ounces of gold AND silver." The lowest number in PPS I'm getting from just the PR alone is .30 . I wanna know the AU:AG ratio of this mine so I can accurately determine the PPS.
Show me where you found this. If that's true then Basin is looking at a profit of 110 million from gold and 44.78 million from silver. That would mean the PPS should be around .80 with a 192mil O/S or .30 with a 500mil O/S.
DGRI is still undervalued.
For the Basin Gulch alone that can put the PPS of DGRI at $2.08 . In order for that to happen though DGRI has to actually start mining it and making a good profit. The way I see it is once the mining starts you'll see the PPS just blast off into outer space.
EDIT: Sorry, I'm sure some of you are wondering where I came up with the PPS.
DGRI selling the mine for around 400 million divided by the last reported OS of 192 million = $2.08 .
BUT!!! If they did start mining + maxed out the O/S at 500 million + didn't sell the mine it would still equal rougly $2. Thats just for the BASIN Gulch ;)
So... at BASIN Gulch DGRI says there is most likely several million ounces of gold and silver in the ground. Silver usually accompanies gold in an equal amount, but sometimes its more like a Gold 3:7 Silver ratio. To be conservative and safe we'll say 3 divided by 7 = .42 (or 42%) and then multiply .42 by 3,000,000 and we come out to 1.26 million ounces of gold with 1.76 million ounces of silver.
Keep following me on this one.
1.26 million ounces x $1370 (current price of gold) = $1.762 billion
In the U.S. the cost to mine gold is about $750 an ounce.
Cost 750/ Value 1370 = .54 (54%)
.54 x 1.762 billion = $951,480,000 potential profit on gold in the Basin Gulch. That's conservative.
1.76 millions ounces of silver X $29.13 (current price of silver) = $51.268 million
Since silver will most likely be extracted from the same ore as gold we'll keep the cost at the same percentage of gold which is 54% .
$51,268,000 x .54 = $27,684,720 Potential profit from the silver
What does this come out to? The Basic Gulch mine is literally worth close to 1 BILLION DOLLARS right now. If DGRI were to sell this mine they could easily throw it away for $400 million.
This stock is grossly undervalued.
I'm aware. DGRI owns 4.95 million shares of AGDI. You can figure out the rest.
If I see AGDI take a drop in the next two weeks with that promo I'm out of DGRI. That is a key sign of what management is going to do.
We already seen that 8-k ... not new brother ;)
You know what this means? All the commons combined together cannot take them out. I'm sure the last reported OS of around 400 million (1 vote per share)isn't true, but we'll see. If it is then it still won't really matter because there isn't one person who owns over 150 million of commons right now.
<sarcasm> Yes, that's exactly what Hollis wants to do. He wants to take his convertible shares that have 350 votes per share and turn around and convert them so he can make some extra cash. </sarcasm>
Granted, there may come a day where he MIGHT convert them, but that isn't going to happen anytime soon at all. Why do I state this? 350 votes per share... If he seriously wanted to convert them right now then he wouldn't have gone through the trouble of making the shares worth 350 votes per. Pretty rare to see convertible preferred's have 350 votes per. I'm sure in 5 or more years from now Hollis will convert some of them to pay himself hansomly, but I don't see that happening in the next 2 years.
Good call on the prediction though!
Merry Christmas.
Yes, that's about right.
Where are you coming up with the buyback? That would be great if they did it, but where on earth are you hearing a buyback from?
It was the investigation the SEC started at the beginning of this year about it, but it seems to be cleared up. No NI 43-101 fraud lol.
Yes, that investigation was regard the NI43-101. The numbers seemed unrealistic for a company of this stature, but I believe the investigation has been concluded already.
Well... dilution I would assume since they're trying to get Mines up and operational. I didn't mean just the PR's alone. Sorry, lol.
Lol... I'll mark this post and repost it for you when this hits around 25 cents.
This is really turning out to look like KATX. During the drop down after a nice run everyone kept screaming it was a pump and dump. I like my chances better with DGRI than I do with KATX and I can really see a long run coming in a few months. I can't wait to see this one dip down lower because of all the fear. It's the only way I'm going to snatch up a lot more shares for the same amount of money.
Regards to dilution: They have less than another 300 mil they can put into the market. 300 mil X and avg of .01 for pps can get them another 3 million USD. If they need 3 million more so they can kick start their plans then so be it. With the evidence of large deposits of gold at most of their mine locations it is well worth it. I'll see you guys in the double digits going towards a dollar.
Will it hit a dollar? Probably not next year, but I'm not in it for that long. I'm it for the double digits going from .20 to .50 . It'll definitely happen. Look at KATX's PPS and the O/S and A/S. Their current A/S is higher than DGRI's and the O/S is in the high 700 mils. Look at the run it had from just drill results! Everyone was screaming pump'n'dump before the run and all other nasty things, but the fact is that everyone screams that when a stock goes south for a little bit.
;) SEE YOU GUYS IN THE DOUBLE DIGITS soon