is close to bankrupcy
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In Oil Sand projects a 300ton dump truck is loaded by a shovel of 50 ton of bucket capacity in just 10 to 15 minute appx. If we consider the possibility of instating processing plant at the mouth of mine. In that case we can delete the haulage equipment. Only a loader can feed into the crusher hopper. But possibility of such scenario seems remote since the plant of that capacity needs a high ramp with more then one crushers and several conveyors. Therefore operation cycle will not complete without dump trucks. Just imagine that we are talking 1.2milluion financing in the face of tens of millions needed to buy and install that type of equipment.
Initially every thing is in the form of blasted rocks/ore. The volume verses weight might be different but in every case they need to go through crushing and grinding plant like any other ore.The plant capacity should synchronize with feeding capacity to make the process economical.
But they should have learned their lesson after printing more then 150 PRs so far.
I was even laughing to read the other PR where it states that our share price was under selling pressure for last two calender months. Why don't they say instead that they had to blame themselves for selling billion of shares with their stated aim to get paid. There is something I feel not right here. JMO
'nvestn4newshooz' 150tons per hour is a huge capacity. To buy, install operate and feed that type of plant need require lot of financial resources. Even a crushing plant of that capacity is too expensive for such a small tiny company and if at all they manage to buy such plant, it need several dump trucks of 15 to 20 tons capacity to feed it. Of course those dump trucks need hydraulic shovel or wheel loaders to load the blasted material.
In brief this 150ton per hour is miss print or miss information.
You are new generation of optimist and trying to paint every thing in the same light. The veterans here had more optimistic PR in the past from this company and optimism was flying high here. One of the time was when early 2007, when the GDR Prive's financing news came out followed by the visit of Rothschild. That was the when optimism was very high.
As we see from this PR there is no follow up on the previous PR about the plant that was bought and was being installed for processing. Keep in mind the plant was one of the six mobile ones and did not require too much time and effort to install. Who is going to answer about that? Mysterious so called big share holders and board members need to raise this issue. IMHO
Yesterday my secure sites used to open with log in name already there and only issue was with non secure sites like IHUB and several others where site used to remember my log in name. Since this my home computer, therefore I am not afraid that any body else will will mess up with my log in.
But today I'm back to square one and every secure and non secure site need to type in complete log in name and password to access a site. It was not like this before and I face this for last couple of weeks.
Do u mean clean OS OR reinstall it? I have no idea how to clean OS. However by reinstalling means whole existing files and data will be erased. To avoid that I need to save all my existing files in separate disks. That is a little lengthy procedure since my system has not yet stalled.
About anti virus scan. I will appreciate if u recommend any sites for anti virus.
Thank u RB. I did find it now but I tell u this that Yesterday I did unchecked 'override automatic cookie handling'. Today I was not able to go back to this page. Anyway thank u for your guidance.
Windows xp
It is shame but I was not able to locate the option where it ask, 'override cookie handling'. However I slide the bar down.
Yes it has already start working for my bank sites and also for other un secure sites. I have not changed my log in information for a long time. I think now I should do it.
'RenBnz' thanks a lot. I have check the privacy internet setting. It is check mark for 'over ride automatic cookie handling.' As for as hacking of the site is concern, I have not yet felt any difficulty in logging into my site with my old log ins and pass words. Is it not that after hacking the original log in and password do not work any more?
For last couple of days I'm facing a problem about loging into my secure sites. Usually I used to save my log in name for such site and type my pass word and get into the site. But no more and every time I had to type in my log in and that is some time my debt card # for each site and that is time consuming. Even I tick the instruction for computer, for not to ask that question but it fails to comply. It happens to all secure and non secure sites. Any body has any solution to this problem. I'm sure if it would be one site, that could be solved by calling that particular company to sort it out. But it some thing with my computer.
'Ray1957' SIL situation is a great set back for Silver investors in Bolivia. George Soros sold his holding not before he lost more then 90% approximately. SIL was a great inspiration for me to invest in exploration/development stage company like FMNJ since at that time SIL was at development stage but the SP was around $20.00. Down fall of SIL definitely casts shadow on Silver miners particularly in Bolivia. How any smart money can be attracted to other miners like our FMNJ? May be that was a driving force for Petty to get involve in GTL while not abandoning Silver mining venture in Bolivia. JIMHO
I'm sure the investment banks and mutual fund companies will face law suites from their clients and that will certainly be very damaging for lot of these institutions.
About Bolivia I read a news item that Russian and French companies are going to invest $4.5Billion in Bolivia for development of Oil and Gas sector. Main emphasis is on gas since Gazprom is major supplier of gas. If this is true that mean there is going to be a lot of activity in Bolivia in that sector. I don't know how it is going to influence Franklin's GTL interests.
It's all right. Some time people do not only miss between the lines rather whole text. Anyway lot of people lot of money. But do u notice that this is perhaps the only Ponzi scheme in world history where celebrities and royalties are the victims. May be little or no ordinary folks were involve.
'bundleofsharess' I referred to daily news paper 'Globe and Mail' Monday, Dec.29,2008. Section is Report on Business page B5 under the title "Madoff-linked adviser led clients by example by David Gauthier-Villars Paris. I think that should be enough credible source for you.
Sorry for delayed reply. I was away from my desk. I never said the whole amount belong to Rothschild. The author David Gauthier-Villars wrotes from Paris,
"Mr.de la Villehuchet, who was found dead in an apparent suicide at his New York office last week, lost a total of $1.5billions(U.S.) on behalf of customers such as the Rothschild & Cie investment bank and Liliane Bettencourt, one of Europe's wealthiest individuals and large shareholder in French cosmetics company L'Oreal SA."
The author further wrote that Mr. de la Villehuchet, who was 65, also had $50Million of his own money tied up in Mr.Madoff's alleged Ponzi scheme.
I read today that Iraq central bank is slashing interest rate to 14% from 15. How it is going to affect dinar.
'nvestn4newshooz' wrote. "Otherwise, money is pretty tough to get right now, and they wouldn't be able to continuously get a couple hundred thousand at a time in financing if there is nothing to substantiate their potential value. Once again, I could be dead wrong about that, but it seems to make sense."
Today is a bad day for me to learn that our only remote hope of getting financing from Rothschild Investment Bank was lost. It is b/c Rothschild has lost $1.5Billion dollars along with others with Madoff's Ponzi scheme. Reported by today's Globe $ mail. You guys must remember that one of the Rothschild visited the FMNJ offices down in Bolivia and it was projected as being a potential and reliable financing once things comes up to that level.
Don't know what to do except be ready to hear the worst.
'nvestn4newshooz'I heard the lonely truck dispatched with over capacity load is stuck up in a perennial stream in the middle of the way. Whole management is already there. The more they push the truck, the more it goes down like our share price. Just joking.
I was expecting much more then a one tic move after latest development. May be IQ will move when no body will be expecting one. IMO
'ghymm1964'short reply to your question is that these are extraordinary times. Most of the gurus have already been proven wrong about Gold, Silver and Oil etc. Things can only improve ones world economy take a positive turn. Every thing is related with consumer sentiment and it is no where near positive.
Survival of Tinny companies like this one will be a miracle since majors have been shaken to the ground. Only slogan on this ship now is swim with it or be ready to go down with it. I give some credit to the captain for trying hard but conditions are not favorable. Long too long to bail out.......
With so much shares OS, it cant be a Nonah's Ark.
That revenue was estimated when price of silver was close of $20.00. Just divide those figures with two and that is the revenue per ton, you should be looking for, at this time. imo
sorry message repeated.
I believe the processing plant was reported at around 70KM from Escala site. With the kind of terrain I doubt any truck will make more then one trip per day counting on 12-14hour shift.
I believe the processing plant was reported around 70KM from Escala site. With the kind of train I doubt any truck will make one then one trip per day not counting on 12-14hour shift.
S.O.B:-
What do u mean by that?
Announcement No.(1288)
The 1288 daily currency auction was held in the Central Bank of Iraq day Tuesday 11-11-2008 so the results were as follows :
Details Notes
Number of banks 16
Auction price selling dinar / US $1175
Auction price buying dinar / US $ -----
Amount sold at auction price (US $)211.670.000
Amount purchased at Auction price (US $) -----
Total offers for buying (US $)211.670.000
Total offers for selling (US $)
-----
Dollar's exchange rates / in Baghdad markets
'prisoner' don't believe this summer is going to be similar as any in the past. There is lot of blood in this street and more carnage has not stop as yet. This season there is new lesson to learn. IMO
It looks as if management has recalled the old team of pumpers to over shadow any logical discussion here. The old scene is recreated but it is too late for them. Deployment is too late and stock is already buried under too many zeros. Pumpers and bashers are both forces of evil. Reason and logic should be encouraged on these boards. One of our such friend does not even bother to reply any post addressed to him. That is the type of blind loyalty. IMO
'nvestn4newshooz' You are welcome. You are lucky to be late to this party of losers. How I and some of my old buddies here lost substantial amount is b/c we forgot the basic principle of investing. There is saying about never average down in a stock that trends down ward. Instead we have been accumulating on every couple of down tics in the hope that we will narrow the gape. Since there was no end in sight any where until it has now arrived to it's permanent station, we have been only getting ourselves deeper in red.
We are victim of circumstances and mismanagement. At one time we were told that there will be no dilution when our OS were close to 1Billion. Soon we saw the company started printing billion of shares and PPS was dragged down to no where. We have lost every thing and at the end of the day did not achieve any thing. If that is planning then what should we call anarchy. IMO
'nvestn4newshooz'I feel the pain in your post. If you are really interested to see what transpire here and where it is going in future, you should check SIL and CDE. Out of these two gigantic silver producing companies, the later one is going to trade close to FMNJ price in near future. For informed investors CDE is more tempting to invest then FMNJ. Bbankers and financier whose money is invested in those two companies are wondering how and when they will be able to recover their investment. Until they get a satisfactory reply to their question they will never ever put a single penny in any such company particularly the ones those are operating in the vicinity. If I would have not lost almost all my bucket full of money here and would have been still interested in Silver in Bolivia, I would have prefer DCE to either SIL or FMNJ. That is exactly how present day financier is thinking and there is very little hope of any smart money being attracted by FMNJ in such situation.
That said I think Lord Pity can create interest in this company by getting GTL project approved as soon as possible. We know diesel is badly needed by these countries and they will like to save their foreign exchange. But still question is whether or no our GTL plants will remain profitable if Crude prices slide down sharply from here? IMO
'Tony777' I agree one 100% with you
"When and how do stocks go up? With "buy-volume"! So............."
Royal! stock should have there own legs to walk. They should not need manipulation. In this case we supported Pity when he took over from Jamie more then a year ago. We saw that he showed some movement on the ground. We did not mind diluting from one billion to 9 billion shares, hoping that at the end of the day we might see some achievement.
More then one year and extraordinary dilution he did not meet any single mile stone.
Yes only manipulation is the only to push this stock up and that is nothing more then preying on others money.
Sorry I forgot that I'm in the lawless world of pinkies where manipulation is major strategy to make money. But tell u the truth I never consider this a stinky pinky. But now.......
Hi Royal! don't ever think that I do not want this stock to fly. But I will never like some one pop up today and tirelessly pump without any genuine reason. I do not speak for all the seniors here but I know many of us are here b/c of relentless pumping of some one at the given time. All such guys never stayed here to see this day where almost all the investment has evaporated. We old guard with live conscious will not like that any such clown come and repeat the same old game with some innocent investors and then disappear.
Yes if u have facts to support your claim you are more then welcome but we have no tolerance for any Bullshit any more. IMO
'dhaliwal_pd' he is the 1st such pumper who changed so quickly to basher. His TA was nothing except bundleoflies.
'nvestn4newshooz' tragedy with the gold and silver is that they have lost their value as safe heaven. It has proved during the present crisis and thus there is almost no role for these metals in future inflation. At present 85% of the silver is used as industrial metal and thus prices will go where other commodities will go and thus reflect the general economic conditions.
In present crisis people have moved trillion of dollars to money market funds and T.bills instead of buying gold and silver. Reason b/c they lost their faith in these metals. Yo and me with rest of the Ihubers are learning it hard way.IMHO
Just last week you were preaching TA and uncoil spring etc etc. You are responsible for whatever loss any new comers suffered here during last few weeks.
"Also, the teeny-tiny plant that's running now should be shut to save electricity, fuel and wear and tear on the boy miners."
I second your proposal and shares your deep concern about cost and minor boys. Very few people can think that way down there. imo