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I believe this will go up - it will be pumped up I'm sure but I certainly would not hold this long.
I believe this is about the point to get in for the play. But just as you said - only bet what you can lose.
Play the play - but don't run it long.
Actual mining will never begin under these agreements - maybe the mine itself will produce once again in the future after the huge stockpiles and existing mines are running low but not at this time.
I certainly agree - if people only knew the amount of coal that is stockpiled all over KY they would hopefully wake up and see the light.
This is a very good fairy tale and like I have said several times - play the play!
So is it time to dispute almost each and every sentence in the PRs?
This is great news; however, I would like to point something out. Just so all are aware - this is the same information that members of this board found and forced MMTE to issue a PR regarding the subsidiary and land.
A while back I bought a small amount of GLER (just based on a PR) and was caught in a dump. During my holding period I went through everything I could find on the company. I could not find anything really positive - it was all the same - every so often GLER would come up with a new play, awaiting financing, had millions of dollars in deals, awaiting production, etc, etc but all of a sudden the deal fell through. Some time would pass and another deal. Then it would fall through.
So during one of the pumps I was able to get out and based on what I had found and analyzing the charts it was obvious that this would be a very good short term play as long as one played it at the right levels.
People continue to mention shorts of pinks; however, I have talked to several people about shorting pinks and for one if you can find a broker to do it there just isn't enough money to be made due to the excess fees on pinks. I really wish people would research shorting pinks before they claim that it is happening.
Excellent information! This provides excellent DD on the company and what is involved!
Wait a minute - I never said the stock will not rise...this is a good play but that is all it is.
What I am saying is that people should be aware of this - it is not legitimate! It is a play!
As far as "Aren't we all investing in companies based on what management said?" - The proper answer is absolutely not! I'm not investing on what someone told me, I'm investing or speculating on charts/graphs/past history and the chance that I get in before the pumps.
There are a few things that we have agreed on and I will agree with this in that "No one knows what tomorrow brings".
Your opinion is this is a longer term investment and my opinion is this is excellent for short term playing. Only the future can provide the official answer but I tend to rely on past activities of the company management rather than what they say they are going to do. If the past shows me they do what they say then I will believe them when they plan for the future; however, if the past (and same management - NOTE: nothing has changed with GLER) indicates to me that they make claims that never hold water...well...then why should I believe them now?
So you are willing to allow your investment dollars to rely on the spoken words of the management of the company. Isn't that how ENRON happened? Everyone relied on what management said which was great; however, behind the scenes there was nothing?
I believe the accurate information is obtained just as the following 2 postings identified:
Risicare
The topic of spending money is not up for debate. The topic is nothing more than providing truth about GLER.
My presence on this board is to provide the truth and not to cover things up. Basically to provide a sense of reality to this claimed great stock.
If it is confidential then why should people be talking about $40million in assets? Why do people know about it if it is confidential? Why was he shocked/surprised/concerned that noone is talking about the assets (if it is confidential)?
Hmmm...seems very fishy to me!
I've been watching EMXC for quite some time and will say that it does the same thing over and over, every few months there is a new group of supporters, PPS drops, and they all fade away. Repeat.
Based on what I have seen this will not go above 12-13 on its own without the various pumping groups coming to help it. Just think though - this has went from 0003 to 0012 in a very short amount of time. IMO it will go back to 0004 in the very near future. I believe 12-13 is the top of the current pump.
I can be a very patient person and after watching several of these pinks it pays to be. Some can be very predictable...every 3-4 months a new 'sudden increase' in PPS.
Thank you for the comments on my car.
I will be patiently waiting the 000s again before I get in. Personally I don't see it going any higher than it is now.
Personally I have not sold any shares and do not intend to. At the same time I think this guy is very unprofessional and is affecting the view of the company in a negative manner.
The company is solid, WL is doing what he said he is going to do, and we have a tremendous amount of information to back this up. Again there is one negative that needs removed from the equation - the one negative that affects the otherwise positive view of this company.
GLER - something I missed and was posted on GLER board:
Facts about Salar de Maricunga - REPOST
Tufan123
Saturday, May 28, 2011 7:18:15 PM
Re: None
Post # of 72724
Facts about Salar de Maricunga basin - Chile
1. The Salar is located approximately 230km from the international airport of Caldera, and approximately 250km from the mining port of Chañaral.
2.All these facilities are connected to the Salar by paved roads that can be used throughout the year.
3.The Salar de Maricunga is the second largest basin in Region III and has a basin area of 3,045 km2.
4.This basin is characterized by significant morphological, climatic and geological variations, which normally occurs with major river basins.
5.The Salar de Maricunga has a net evaporation rate of 1,000 mm per year, which is lower than the Atacama Salar but similar to Salar de Rincon.
6.The Salar de Maricunga covers a surface area of approximately 8,000 hectares. Now out of 8,000 hectares, Li3 Energy has permanent mining concessions to 1,438 hectares and Mammoth has mining concessions to 3500 Hectares. Do the math, we still have 3062 Hectares remaining ---------- who is getting those???
7.During the 1980's, the "Comite de Sales Mixtas" CORFO (State Agency of the Republic of Chile) carried out a study in order to determine the potential in inorganic salts of commercial interest of the Salars. After performing a sampling and chemical analysis program, CORFO the following mineral resource at the Salar de Maricunga:
224,300 tonnes of Li; or
600,000 tonnes of Recoverable Li2CO3 (utilizing a 50% recovery factor); or
30,000 tonnes per year of Lithium Carbonate for 20 years
3,274,000 tonnes of KCl (potash); or
2,300,000 tonnes of KCl (utilizing a 70% recovery factor); or
115,000 tonnes per year of KCl for 20 years or 96% or Alfredo Requirements
8.From all the sites with lithium in the world, the Maricunga Project has the highest potential to be exploited in the short term. This is because it is situated in one of the Salars in which more studies and research has been done and it is located in a country with a consolidated system of private property, laws governing mining and economic activity that have given stability to the sector. Maricunga also has facilities that do not occur in other Salars such as good connectivity, roads, and nearby ports and airports. The proximity to the Chañaral mining port gives the Maricunga Project greater competitive industry costs as it would not have high costs for freight concepts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63677420
Lithium Process FlowChart - REPOST
Skribe
Saturday, May 28, 2011 2:47:36 PM
Re: Skribe post# 67575
Post # of 72723
Process flowchart
http://sufiy.blogspot.com/2010/03/lithium-abcs-by-rick-mills-tnrv-czxv.html
Will Mammoth set this up themselves and find buyers for the Lithium, Potassium, etc...
Or will another company buy in to Mammoth as a partner and handle this part of the process with Mammoth being the company that acquires Lithium concessions?
"Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world."
It will be interesting to see who wants to buy the Lithium, Potash from Mammoth, Lithium is in growingly high demand, no doubt eyes around the world are on Lithium.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63674294
43-101 Compliance & PPS - REPOST
jackg152004
Wednesday, April 27, 2011 10:51:26 PM
Re: A deleted message
Post # of 72722
From MMTE's PR today, "The acquisition, once completed, will have 43-101 compliant lithium values of 1000 mg/l. The Salar de Maricunga is a world class lithium asset with similar lithium values as the Salar de Atacama, which is currently mined by Sociedad Quimica y Minera S.A.
So that we are all clear what that means let's refer to a definition below of parts per million (PPM) and the conversion from milligrams to PPM.
"This is a way of expressing very dilute concentrations of substances. Just as per cent means out of a hundred, so parts per million or ppm means out of a million. Usually describes the concentration of something in water or soil. One ppm is equivalent to 1 milligram of something per liter of water (mg/l) or 1 milligram of something per kilogram soil (mg/kg)."
Wow, based on that definition MMTE is acquiring world-class concessions that contain 1,000 PPM of lithium and god knows how much potassium and boron (both also very valuable commodities).
So while bears want to point out the 15B A/S and erroneously lead people to believe the A/S factors into the calculation of MMTE's market capitalization (only the O/S of 5B factors into that calculation), it is clear that we are acquiring lithium concessions that are chemically on par with the largest miner of lithium in the world, SQM.
There is another stock that just went from $0.20 to $7.65 in a little over one month and they are proudly trumpeting Canadian concessions with 150 PPM. The concentration in MMTE's lithium claims will be 7 times that of a stock that has had a ~3,500% gain. Again, this does not account for the concentrations of potassium or boron which I imagine will be similarly superior in MMTE's concesssions.
It is also important to note that MMTE's concessions are located in an area of the world that has the cheapest cost for the mining and production of lithium. Much cheaper than the cost of production in Canada.
Given all this information do you really think that MMTE will not have a meteoric run once all the completed land deals (I suspect much more than the original 31k acres) have been disclosed to the public? Better yet, do you think that MMTE won't be a possible takeover target for some mining major, like Vale or Rio, who want to get their hands on high-grade lithium deposits and lots of them?
As I stated earlier in the week, filter the noise on this board with regards to your MMTE position and you will make a very nice return on this stock over the next few months.
Sorry for being so long-winded. Thanks and have a great night!!!
I couldn't agree more - after my first conversation with Brian my opinion went straight down the tubes. Then seeing what has happened with the page and knowing what happened between Brian and other members of this board it has completely turned me away from him.
For someone to easily respond a page to comments on FB but not provide any information is exactly the type of person that I do not trust. He will only provide information via phone - I agree - why is that? Seems very sketchy to me!
Anyone that is honest has no problem putting things in writing! I put things in writing every day and I have no problem putting information in written form. Sometimes I have to think about how to say something but we all have to consider that when it is a professional document.
I agree that if as a new investor I would see all this about Brian I would quickly go on to the next one.
First of all something needs to be done about Brian - but at the same time this is why I agree with what DiiDii posted at one point. Let's begin posting alot of the DD that has been done. Repost links, repost DD, let's make this informative for new investors.
Not right off hand but it is/was posted on the MMTE FB page that is controlled by Brian. I have not had the opportunity to update the Shareholders page yet since it was just recently setup.
I believe that is where most of us will certainly agree - we have a fantastic developing company here. There are a lot of things to like about it and only a few things that need a major adjustment. Brian is the number one negative aspect in my opinion.
I couldn't agree more - Brian has requested each and every person to call him so he can explain what he does; however he will not explain it in print for all to see. Yes, it is one thing for him to request everyone to call him and talk about MMTE and what is going on and the future, etc BUT it is yet another for him to refuse to answer a simple question in print and to request everyone to call him so he can explain it.
I have not personally talked to Brian in quite some time and will very likely not call him. Not because I do not care about MMTE but because I do not want to talk to Brian personally. I do not believe he is professional and for more and more people to 'turn' against Brian is a sign that something needs to be done.
There are a few that will tell you how great he is but more and more are telling stories of hangups, rudeness, etc. I have had bad experiences with Brian but great experiences with WL.
I certainly agree and that is why there is another one present for just shareholders. It is not run by MMTE. I have also noticed a steady decline in the number of 'likes' of the page controlled by Brian.
Have they been legit in the past?
How have long term investors done so far in GLER?
When reading anything it is easy to read what one wants to read but it is yet another to read with an open mind and take in the full picture. When reading 8Ks one needs to read with an open mind and pick up on the way things are worded and pick up on terms and conditions.
This is the most truthful statement I have read:
America and European Countries are the ones that have created the problem with their dependence on fossil fuels. They are now becoming more and more interested in protecting the environment and finding alternative sources since everyone knows fossil fuels will end!
In the interim the above countries will continue to use fossil fuels while finding other sources; however, the evolving countries will follow in their footsteps. Hopefully our failures (and lack of respect for energy sources and environment) will be noticed by these evolving countries and they can do something different.
In terms of the thought being a minority thought - I disagree. LEED has made its way into nearly all construction projects and the goal by the government on government projects is to have ALL new construction be LEED Silver or above (and preference is given to above if possible). For the government to issue a directive to go LEED Silver is very significant! LEED and "Green" is continuing to build steam and there is no way it is just a minority thought. There are far too many people and agencies involved.
Yes America and other countries WILL use coal and will continue to use it; however, the public consensus is to reduce dependence on fossil fuels and other items that danger the environment.
By outdated one must use a common sense approach rather than a literal approach - Coal is not an "IN" technology. Everything is now GREEN, this is why LEED has been so huge in recent years. That is why power companies now offer the ability to purchase power created 100% by wind power!
I am from a Coal State so I know how much it is used, how it is mined, the damage strip mining causes, the damage deep mining causes, the damage the trucks hauling the coal does to the road, the damage the coal dust does, the damage the failed ponds cause, etc. I am also familiar with how much of our energy is created by coal. Unfortunately I am also aware why America is not supportive of nuclear technology which is much safer than coal.
Letter of Credit?
How about Wikipedia definition of Letter of Credit:
Again I hope you are correct in your point of view of this. But I would not bet the farm on it.
I really do not see what people see in this - everything about this stinks. Every bit of the news is a wash rinse repeat just change the names. Good luck though.
You are absolutely correct! That is exactly why I do not understand why diesel is more expensive than kerosene.
This is why I really want to see more developments in alternative forms of energy. That is the direction we are headed and I believe we are finally at the time in history where it is more welcomed by many people. In years/decades past various technologies and ideas came out but it was too expensive or not welcome.
OK - ignore the past - things can change within a company. Maybe someone had a change of heart...benefit of the doubt and all.
The coal industry is controlled by big names this cannot be argued. It is a fact that can be verified by hundreds of sources.
The mineral rights are controlled by big names, big money, or in rare instances families through generations of wills. This is a fact.
Small coal companies do not last, some get started but do not last because they cannot compete against the big names. It is expensive to get started - equipment, mineral rights, surface rights, etc. This is a fact.
Now for a summary based on above facts - a small start up company is trying to compete in a big industry where coal already exists and is so stockpiled that trees are growing on the stockpiles. The stockpiles exist in large quantities throughout KY and many other states.
A small start up coal company competing against large corporations does not get multi-million dollar financing.
A positive coal company in KY begins with money and big corporate connections. Where are these connections? Coal is big business and has big names attached to it. The smaller companies do not make it and they certainly do not get $360 million dollar deals.
I certainly agree and am definitely aware of this - I grew up in Coal Country. I have been around it for quite some time. I'm just saying that it is outdated in that people only consider it a necessary evil now.
As others have pointed out already - there are cars/technologies out there that can exceed that limit; however, various amounts of money would need to be invested to either market or expand on current technologies. Plus the mindset is "we're doing what we've always done and it works" so why change? Not saying it's right just oil companies control a lot!
When gas prices raise people think about smaller more efficient cars, gas goes down people think about big trucks and performance cars and back and forth it goes. I have a diesel truck and that is one of the biggest scams out there right now and in previous years - diesel is more expensive than gas; for that matter diesel is more expensive than kerosene. It is absolutely ridiculous!
The information I posted can be verified by reading the financial reports.
I hope GLER is what you and others may think it is. I agree that we will clearly disagree on this stock.
My personal opinion is I will play it strictly as a flip and just hope I don't get caught holding the bag again like I did before during a very similar pump.
I certainly agree - large companies are providing financing to smaller companies in industries they are not that invested. It is smart business for them to enter into contracts with companies providing alternative energy since that will be our future. Wind, solar, ocean thermals, etc are all alternative sources that are huge and will continue to be huge.
Coal is something that is outdated - people want to get away from it. Just like other fossil fuels - there is only money spent because it has to be to continue our increasing demand but we will run out of it.
You are absolutely right and to date FBCD has offered great entrances and exits but has went nowhere. The more DD that was done on this group the more it appeared to be another ticker rather than company.