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SHAREHOLDERS MEETING NOW FIRM FOR JUNE 2
Mississippi residents warned of floods
http://ca.news.yahoo.com/wake-storms-mississippi-residents-warned-floods-204113585.html
WITH PROXY VOTE MAY 31 TIME TO BUY CHEAP SHARES
Once Michael Hill has additional shares authorized for funds to get our of PK, the price per share could be expected to rise significantly. Get on board while you can at these prices.
CONGRATULATIONS 567tbd
You are now an assistant moderator as you requested by private message!
DID IR REP HAVE ANYTHING TO REPORT ON FINANCES?
or any other subject related to MNLU/AEXP.
Mike Newport – President & CEO
Per Mainland Resources Web Page and I have great confidence in his leadership and abilities but does not appear to be the individual you described.
REFERENCE FORM 10-Q FOR PERIOD ENDING NOVEMBER 30, 2010
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000037/f10q11302010.htm
Page 28, LIQUIDITY AND CAPITAL RESOURCES
THIRD PARAGRAPH
"We have no lines of credit or other bank financing arrangements."
GO ARGUE WITH MNLU FORM 10-K IF YOU WISH
At this point I would expect them to easily arrange financing but for completion of the well it will probably be expensive.
Their current cash position may force them into an early JV which I would not like to see.
We(MNLU) have no lines of credit or other bank financing arrangements.
According to Form 10-Q, for the quarterly period ended November 30, 2010.
http://www.sec.gov/Archives/edgar/data/1395205/000118374011000037/f10q11302010.htm
It appears that equity or debt placement is necessary for completion of the well.
NO PERMIT BEFORE FINAL BOND PAYMENT
If this is correct, CGFI is looking at June as the earliest for permit approval for POW Mill.
AEXP SHARES AT 10.8% PREMIUM TO MNLU
That is a significant switch between these two stocks. Why?
RIVER OVER FLOOD STAGE AT VICKSBURG & NATCHEZ
Vicksburg had 3.65 inches of percipation yesterday.
However gages upstream show decline.
Hope gators are not snapping at Rodneys heels.
CGFI NOT YET ON MLRB APRIL AGENDA
I know that they can be added but it disconcerting that they are not included.
SENT AN CONGRATULATORY EMAIL TO MICHAEL HILL
for his appaent resurrenction of Gemini Explorations, Inc. and wishing him and the company success.
DOCUMENT POSTED UNDER POST# 13503
Signature is by Mr. Guyer, Chief Financial Officer not President or CEO. It is not often that I disagree with you but this is one of those times!
RECYCLING OLF TAILINGS SEEMS TO BE IN VOGUE
with Mr. Rice and Mr. Guyer from recent reports, so my suggestion was not that far off base despite your rebuttal!
WHEN DID MR. GUYER BECOME PRESIDENT OF CGFI?
As of March 9, 2011 Mr. Rice signed Form 4 as President and CEO.
MAKE THAT RS 5,000 TO 1
EOM
MNLU SHARES UNDERVALUED FOR CERTAIN
Based on PRs to date. Now is time for patience.
BURKLEY-PHILLIPS NO. 1 VALUED AT -0
Based on Bruce's valuation of LA properties at $0.55 per share and current bid at $0.52 and ask at $0.53 a negative value is assigned to Burkley-Phillips No.1 hole in the ground.
This certainly destroys my expectations with postive PRs to date.
IMHO FIRST PRODUCTION ON OR ABOUT JULY 4
Arrangements for financing
Need to get past high water.
For fracking and testing.
Require pipeline for sale
I have allredy stocked fireworks to celebrate that great day.
RIVER GAGES, MISSISSIPPI RIVER & PASSES
http://www2.mvr.usace.army.mil/WaterControl/new/layout.cfm
Mississippi within 10 feet of flood stage at Vicskburg and Natches and up over 1 foot in last twenty four hours. Appears we have to wait out spring floods to get completion news. Patience is wearing thin at this point.
YOU ARE THE ONLY ONE RECEIVING REPLIES TO YOUR EMAIL!
Why?
PLEASE POST AN EXACT COPY OF THAT EMAIL
EOM
PLEASE POST AN EXACT COPY OF THAT EMAIL
As you have requested that I do in the past!
$1,400/OZ - COST TO MINE AND PROCESS = ?
EOM
RESERVED SHARES
As of November 30, 2010
Authorized / Issued
2008 Consultant Plan 1,865,000,000 / 1,112,757,943
2008 Employee Plan 1,110,800,000 / 475,038,733
That leaves authorized but unissued reserved shares of 1,308,003,324 that appear not to be available for sale to meet funding of POW Mill and mining startup.
I am sure that you were aware of this but did you take it into consideration in your earlier calculation of funds available from future stock sales?
HAVEN'T YOUR READ ON THIS BOARD
1. The POW Mill will be approved immediately.
2. CGFI will commence digging out the abundant gold.
3. The income stream is assured.
The R/S would give the trend an opportunity to continue.
HOW TO GET TO $1.00 PER SHARE
First reverse split:
$1.00 per share price target/$0.0010 curent price per share = 1,000 to 1 reverse split.
5,000,000,000 Authorised shares/1,000 = 5,000,000 0ld shares
Second authorize 495,000,000 new shares
For a total of 5,000,000 old shares + 495,000,000 new shares = 500,000,000 Total shares authorised.
This would provide shares for Mr. Guyer and Mr. Rice adequate renumeration plus have some left over for sale to finance POW Mill startup and commencement of gold mining.
This is what I expect to be on the horizon.
3RD WEEK FEB. MNLU FORWARD EVENTS PLAN
"The Company anticipates the completion of the adsorption core test, which directly measures gas in place, in the third week of February. This test will be compared to the gas in place assumptions generated by the Shale Gas Analysis to confirm the gas storage capacity of the shale.
The Company's forward plan consists of the completion of the Haynesville Shale analysis, along with the other potentially productive zones in the Burkley-Phillips #1 well, and then the subsequent design of a completion and production test of the Haynesville Shale.
The timing of the completion and production test will be subject to equipment availability and an appropriate weather window allowing for an uninterrupted period to perform the operations required to effectively test the well"
See:
http://mainlandresources.com/index.php?option=com_content&view=article&id=79:news-release-01-25-2011&catid=46
Slow but sure progress to goal of completion, testing, and production $$$.
WAG OF PER SHARE VALUE OF MS RESERVES
Using crossroads estimate of 2.125 Tcf recoverable reserves.
Reducing to MNLU/AEXP 90% share
2.125Tcf X 0.90% = 1.9125Tcf
Using Bruce Badeaus estimated per share value of LA 0.090Tcf reserves of $0.55
MS reserves are greater than LA reserves by:
1.9125Tcf / 0.090 Tcf = 21.25
Value per share of MS reserves
21.25 X $0.55 = $11.69 per share
Don't hold me to even being in ballpark, but several have asked.
WILL WAIT FOR BIG PR TO IMPACT ON SHARE PRICE
At this point my opinion would be a WAG.
Schlumberger's Reports 300Bcf/SECTION for Haynesville Leases
See report based on AEXP's 5,000 acres dated September 15, 2009 at:
http://www.rigzone.com/news/article.asp?a_id=80361
This is the first time I have encountered this report.
For 17,000 acre MNLU/AEXP prospect based on this report the reserves would be an unbelievable:
17,000 acres in prospect/640 acres per section =26.5625 sections
26.5625 sections * 300Bcf/section = 7,968.75 Bcf or 8.0 Tcf
This is at the lower range of my original estimate of 8 to 10 Tcf, of which even I had little confidence. I woud be delighted if MNLU's final report included even half of this number.
Can you find an error in these calculations?
Schlumberger's Reports 300Bcf(PER SECTION) for Haynesville Leases
See report based on AEXP's 5,000 acres dated September 15, 2009 at:
http://www.rigzone.com/news/article.asp?a_id=80361
This is the first time I have encountered this report.
For 17,000 acre MNLU/AEXP prospect based on this report the reserves would be an unbelievable:
17,000 acres in prospect/640 acres per section =26.5625 sections
26.5625 sections * 300Bcf/section = 7,968.75 Bcf or 8.0 Tcf
This is at the lower range of my original estimate of 8 to 10 Tcf, of which even I had little confidence. I woud be delighted if MNLU's final report included even half of this number.
Can you find an error in these calculations?
YOU ARE IGNORING CLASS B SHARES
Which share in the earnings!
NOT AT THIS POINT, GMXS.XP IS ON BACK BURNER
Just hanging long with what shares I have and hoping for the best. As a matter of fact I had rather not even think about GMXS.XP but leave it in the capable hands of Michael Hill, the man with many hats.
Are we the only two people following this company?
STILL LONG AND HOLDING BUT FACING REALITY
Just hope that the mill does not go POW before we can get some of our money back other than through a long term capital tax loss.
P/E RATIO OF 16 REQUIRES AFTER TAX EARNINGS OF $243,750,000
1/16=0.0625X3,900,000,000=243,750,000
Anyone believing this is achievable by CGF is living in Fantasy Land.
GMXS.PK NO REPORTS TO SEC SINCE 12/16/2009
Watch SEC page for further action:
http://www.sec.gov/cgi-bin/srch-edgar?text=Gemini+Explorations++Inc.&first=2009&last=2011
GMXS.PK HAS GONE FROM DEFAULT TO ACTIVE
With Nevada Department of State.
See:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ZUaZO1QnJqc1a5oi0tzVRw%253d%253d&nt7=0