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"expect TRGD to sell TARM shares in the open market as needed to pay salaries and expenses."
I do not know from talking to management, but I think you are wrong. Spreading out the distributions could have something to do with not wanting to change the share price value of TRGD so quickly, and maybe also for tax considerations.
I beleive TARM still owes TRGD a sum of money -- was it something like $1 million? Since the merger did not go through, that will still need to be paid to TRGD, I assume. TRGD can use that for expenses, plus they have potential before too long, I would guess, to have a deal for La Currita which includes a cash payment.
curious924
It will be great to see the TARA's getting recognition from a Yamana deal that would get the analysts and newsletters "discovering this unknown gem."
Yamana did not announce anything at the time of Tara Minerals orginal agreement. A completed deal should bring Yamana investors and the gold-crazed investment analysts to take a look at us. The one to make the "discovery," would consider himself having "made a coup" over the rest.
But this is the time to get in, or to increase one's position, in TARM and/or TRGD.
curious924
Merger cancelled and update. I do not see this as so negative. I believe there were probably some potential problems to accomplishing the merger.
Update is encouraging.
SOURCE: Tara Minerals Corp.
Mar 07, 2011 08:30 ET Tara Minerals Announces Cancellation of Tentative Merger Agreement With Tara Gold Resources
CHICAGO, IL--(Marketwire - March 7, 2011) - Tara Minerals Corp. (OTCBB: TARM) (BERLIN: 6T3) today announced that Tara Gold Resources Corp. has elected not to move forward with the tentative share exchange agreement with Tara Minerals announced on September 13, 2010. The boards of directors for both companies have mutually agreed not to pursue further negotiations.
Tara Minerals is currently engaged in the development of the Don Roman silver/zinc/lead mine and mill, owns approximately 87% of the common stock of Adit Resources Corp., and holds several other mineralized prospects.
Tara Minerals has entertained a number of site visits from potential operating partners regarding a potential Joint Venture at Don Roman. Tara Minerals management will determine the most expedient approach to advancing Don Roman's near term production potential, whether by partnering with an experienced partner or by hiring a qualified operating team.
Tara Minerals is also working with Adit towards the completion of the Definitive Agreement with Yamana Gold Inc. that grants Yamana an option to acquire up to a 70% interest in the Picacho gold/silver project (see news release dated Feb. 2, 2011).
About Tara Minerals Corp. (http://www.TaraMinerals.com)
Tara Minerals Corp. is advancing the development of its Don Roman mine and mill, located in Choix, Mexico and completing the Definitive Agreement with Yamana Gold Inc. that grants Yamana an option to acquire up to a 70% interest in the Picacho gold/silver project. Management is focused on creating long-term shareholder value and deploying its capital to advance its projects by enhancing resources, further outlining new discoveries/targets, and acquiring additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
IR Contact
David Barefoot
(888) 901-4550
TRGD in Frankfurt, Germany bid/ask are USD equivalent $0.454/ $0.48 !
26,000 shares traded today so far, with hi/ lo being $0.439/ $0.468.
Curious924
"more than 100k traded in Germany 0,36€"
For those who do not know, 0,36€ is just shy of $0.50 USD ($0.4944) !!
It moved from 0,28€ ($0.3845 USD) to 0,36€ ($0.4944). That is up in Frankfurt 28% today, Friday, Jan. 26, 2011 !
The news shows that with the TRGD financials completed, the TARA's will really move forward.
Investors should soon wake up to the bargains presented in TRGD and TARM. It should just be a matter of time, and probably not much time, that deals will be made that will show the great value in the TARA holdings.
Wise investors will get in before the herd.
Curious924
TRGD trading in Frankfurt at $0.399 US!
TRGD closed at $0.40 yesterday, after sitting at $0.33 almost all day. Both seemed to be temporary extremes, BUT though I see no trades yet here today, it traded over 25,000 shares in Frankfurt, last at $0.299 Euro which is $0.399 USD.
High/low are $0.3875/$0.399. Bid/ask in USD is $0.3875/$0.4008. That is up nicely, but assuming the merger goes through, it should be trading at $0.60, 50% higher than it is. It is about time that it begins to catch up to its true value.
Curious924
Yes, thank you, Kzetmeir, for livening this board and giving great analysis and information.
What I do not understand is why the negative posters think the inherent value of the Tara's is not worth owning. Do they really think the inherent value of the minerals in the ground is not much higher, a multiple of times higher, than the present stock price? When you own the kinds of ore bodies that the Tara's own, why not be more patient and see them realized in the stock price?
Sure management may disappoint at times. Whether it is through carelessness or unavoidable and unforseen developments, makes some difference but does not change the value in the ground. Delays and problems have arisen, but it does not change the ultimate outcome, at least not much.
How foolish it would be to walk away from a vault one owned that had known millions in gold bars, just because one was having difficulty finding the right key to unlock it? With that value someone will get it open. I think the sellers of the TARA's are equally foolish. The bargain prices are because too many look at a few disappointments of timing and getting the metals out. The rest of us are beneficiaries of such short-sightedness.
curious924
Great to see experienced investors like OldPro and Bobwins giving their thumbs up to these deals and discouting the threats. That should speak volumes, as Bobwins, for one, is usually a healthy critic of the Taras, certainly not a pumper.
curious924
I agree completly Stock_Peeker. Great to see your support of TRGD at this time.
We need to wait on management, but worst case, Tara Gold shareholders own a certain amount of Tara Minerals. I have no concern that this will not be approved to be 1 TARM for every 2 TRGD shares.
There is no way that Tara Gold shares will not retain their value of their TARM holdings.
I am convinced that it would be a big mistake to sell here, and would play into the desires of any shorts out there. It seems they have decided it is time to call attention to this potential ruling that was made public some time ago. I suspect they knew it and were waiting for the best time to publicize it here.
Regarding concerns about TRGD, I have been assured that no matter what happens, TRGD shareholders will get their 1 TARM for 2 TRGD shares -- and they are still available at a nice discount. We are safe that way.
Also financials for TRGD will be completed.
Great, TJ.
We need more such posts expressing the confidence many of us have that this is a company where patience will be rewarded with a great return. The minerals are there, the production is increasing, and as money flows, it will be leveraged into greater and greater value.
curious924
David Barefoot represents the Tara's wonderfully. Call or write him to answer your question, Biot, "What happend to "Warren"?"
888-901-4550
david.taraminerals@me.com
I know that Warren Drew is also working hard for Tara Minerals, Tara Gold, and for Adit Resources. He and CEO Rich are freed more to do important things needing their attention by David's role in informing present and potential investors of the value and exciting potential for them.
curious924
As I posted on another board, this stock is at a very attractive price. Progress keeps being made in production and in the infrastructure at the mine.
I talked to David Barefoot again, and while before he was just informing people, now he says we are telling everyone this is a great buying opportunity. (That alone could move the price to make this an unusual opportunity. This could prove to be the lowest price available for it.)
This is the same stock people thought a bargain at $1.95. And progress has been made since that, and the rich minerals have not gone away.
Call the IR guy David Barefoot yourself -- 888-901-4550, after reviewing the company presentation if you are not thoroughly knowledgeable about it: http://www.taraminerals.com/Theme/TaraMi...
and after reviewing the recent exciting newsreleases http://www.taraminerals.com/.
David may be in a meeting, but will get back to you.
curious924
Here was my experience today, as I posted on another board.
For any interested, there was no dropping the price today for some buys I had and helped others make. I was not involved in the early 9,800, but then bought 8,000 between $.49 and $.52. The $.49 was around 10:40 with Interactive Brokers, but then had to pay $50, $.52, and $51 with TDA (TD Ameritrade). A further open order at $.51 from maybe 3:15 to 4:00, went unfilled. We should find out who TDA deals with.
I called the TDA trading desk twice this afternoon for bid/ask and was told $.48/$.51, and later $.50/$.51.
After the first call I tried to buy at $.51 and could not get a fill, so later moved it to $.52, and was filled. You can see that spike up for the day on a chart. (I still consider that a great bargain.)
curious924
Further evidence of manipulations.
On another board another buyer said he experienced the same thing. He was offering to buy at $.48 and they filled part of his order at $.41.
They were back up to $0.48 in no time, then $.49 and again $.48. It looks to me that they did not want to stay at $.41 long, but now they can show that it dropped to a low of $.41 today.
Then people will think, "Wow! It dropped to $.41 today. I had better sell here at $.48, before it drops down there again!"
Or, they want people to think that the bid price to sell is $.41 and that people are selling there. Could be, but I and this other buyer BOUGHT there, though we were both in to buy at $.48.
But we called them on their manipulation. They need to be more clever in doing it.
I hope people realize what they are up to and are not suckered in by their tricks.
curious924
MM's trying to drop TRGD, I think
I had a buy order in for TRGD at $0.48. It sat there for some time and then went off at 1:02 pm at $0.41 !!
It seems a deliberate effort to scare people into selling into a dropping price. Let's not be selling !! It is foolish anyway, the way the Tara's are developing.
curious924
There is more to the article in German, including some photos of the Don Roman site.
The whole article is here. I do not have time, but someone else can post a Google translation.
curious924
I am not on vacation. Too busy though helping some friends buy this stock to talk about it. It is on the move. I am glad some people have finally woken up.
jimb7770
It was a big "something."
"At least SOMETHING happened." Pretty huge "something," I would say, as it brought essentials all the way up to date in the associated commentary in the 10K for 2007.
I am convinced they want to complete them up to date and get onto the OTC BB. The succeeding ones should be easier by comparison, since a lot of the work for them had to be done for the first one. Anyone that believes they will be completing the others soon, should be buying now.
curious924
TRGD had an encouraging increase in volume and price today. I see a volume of almost 173,000 shares traded, the highest in about six weeks. Since the trading of TRGD began on the grey sheets, only on the first day did the volume equal today's.
The price reached $0.40, the highest in 11 days.
There is maybe only little time to get on board before major lift-off.
Today's trading shows that it WILL trade on the grey sheets.
curious924
IR man gone until next week
I learned that David Barefoot, the still fairly new Investor Relations man for Tara Minerals, Tara Gold, and Adit, is gone on a missions trip to Africa and will be back sometime next week.
He should be reachable then at 888-901-4550, email david.taraminerals@me.com
Some may have tried to reach him and found, as I did, that his voice mailbox is full. Also, I assume he is not able to respond to emails.
He had told me a few weeks ago about this. I was not sure when it was to take place, but learned now that he left Saturday for this trip. I, for one, am grateful that he has a high priority for such a service.
I believe his commitment to this trip was probably before he took this position.
curious924
I got excited again and bought TRGD in Nov., 2009, Mamona. It is now clear that it has achieved a level of development that I should have waited for, but am grateful to be part again of this huge upside potential.
This was after I originally became a Tara Gold shareholder in May, 2007, and sold the last May, 2009, taking a significant loss.
You have said often yourself that you do not think Rich is dishonest. Do you not see that he was positioning the company for this day?
Whatever the total reasons were for delayed financials, part of it was to focus funds and effort on TARM and to promote it. He was, and I am convinced is, focused on what will help TRGD in the long term through the development of TARM. Yes, things have sometimes taken longer than expected, but we are there now, owning very rich properties, and with production now bringing in the funds to develop them without significant dilution.
Yes, I know there is no NI-43-101 evaluation of Don Roman. That is the genius of what TARM and TRGD is doing. We get to buy in before the usual dissipating of the value through such an expensive study. Rich has leveraged the opportunities to bring us to about the best risk/reward situation one can imagine. You bet against it to your peril, I am convinced.
Then there is Adit. If it is so bad, why did Robert Wheatly leave Yamana to focus on this property? He is no fool. You have claimed to own Adit shares. So why the negativity?
Now that the 2007 financials are out, with no significant negative surprises, why do you not express relief and praise?
If you are not already a long, you can wait for 6 months of production, but the price will be probably at least a double or more from where it is now.
In the face of this, if you continue to bash the stock, then we can only conclude that you are trying to ruin the company. You should not be surprised that those of us who are convinced of what we have, will question your agenda. So, let us know where you stand.
curious924
Time for everyone to wake up to this astounding opportunity of TRGD.
With the 10K out on Tara Gold for 2007, essentially substantiating all that has been said about it, how can people not be buying this stock?
Oh, that's right, it trades on the grey sheets. But it is possible. I bought 9,500 more Friday between $0.325 and $0.36, through two brokers -- and that was online for three purchases.
But if you cannot do it, buy TARM, which is also a steal at the present price. If you own TRGD, buying TARM will also raise the price of your TRGD. And you will be very rewarded through TARM as well.
See my recent posts on the TARM board to be reminded of how great an opportunity we have in these two stocks.
curious924
Value of Adit and Picacho? (From another board.)
In the interview on www.smallcaps.us, Rich says Robert Wheatley who came to Tara Minerals and Adit from Yamana, believes Picacho is the best unexplored property in Mexico.
Rich says about Picacho "we believe [it] holds multi-million ounce potential."
That has to be at least 2 million ounces. That is gold worth $2.42 billion, at present prices!! Alongside that value, the large figure of $86 million projected in the 10K to develop the property and begin producing in 2012, is just 3.5% of the value of the gold.
Things should get interesting when Adit goes public, "in about 6 months," Rich says in the interview.
But we can own it at a great discount now through TARM and TRGD.
- - -
Why would anyone not jump at this opportunity.
Continued Rich Biscan interview (from another board):
Interview with Rich Biscan re Tara Minerals on www.smallcaps.us
Continuation of not quite 7 minutes of the 18 minute interview of Rich on www.smallcaps.us
= = =
Rich: That’s our three main properties.
smallcaps: OK, Perfect. Now first of all, let’s talk a little bit more about the Don Roman propertiy, because, as you indicated, that is the first property in actual production. A few weeks ago you announced that instead of increasing your zinc, silver, and lead production in Don Roman, you were going to install a stand alone circuit to produce gold and silver material. What was that all about?
Rich: Ok, well two things there. One is, we’re still increasing production at Don Roman, so right now we are running about 240 tons a day. or I should say the plant can produce 240 tons a day. We have one more circuit to commission there that will bring that up to 360 a day. But the original plan was to go to 480 tons a day.
What happened to change that was that we made a gold discovery that we didn’t know about previous to this, of a gold structure. pretty much at the same location that we’re mining our lead, zinc, silver. It’s just on the other side of the mountain, or the upthrust that we’re mining is where this gold structure’s located. So its in – so, basically the same roads that we’re using to mine down Roman, outside of another kilometer and a half which is already being cut, was already there. The plant was already there. The crushing system is capable of crushing the ore from that. So, what we determined was, because of the grade of this -- I guess which we haven’t talked about yet -- what we discovered there was a two meter wide vein structure, and initial samples on the outside were right around an oz per ton gold, and then what we did, we tunneled in about 75 meters to test within the vein structure kinda the average grade, and what we got there was about 12 and ½ grams gold equivalent. So a very high grade gold structure. And then we traced that structure about 850 meters horizontally and then we got about 400 meters on depth. So what we determined was that it makes good sense to diversify our metals, and seeing that it was all in the same proximity, we could use the same plant and everything, that we would go ahead and put that into production.
So, now what we’ve now determined to do is, instead of building the last 120 ton per day circuit for lead, zinc, silver, we would build a circuit about 300 tons per day and put that gold structure into production. So we would now be a gold producer, a silver producer and a base metals prodcuer. So that’s where that comes from. Then our total capacity would be about 660 tons per day when we finish that circuit.
= = =
[About 11 minutes of the interview remain at www.smallcaps.us.]
- -
Wow, if 660 tons per day is achieved, just from Don Roman, that is a huge monthly income, commanding a much higher share price for TARM and TRGD. JNG85 suggested in his spreadsheet, that may need updating in some respects, (at a PE of 15) share prices of 670% times the present price of TARM, and 1,260% times TRGD's present share price! Even half that expectation would be everyone's dream. And that does not include Adit and Centenario.
It is hard to see how these prices can hold long.
From another board:
- -
Text of the June 29, 2010 interview of Rich Biscan.
In this and the next message is a transcription of not quite 7 minutes of this 18 minute interview.
Maybe someone else can do the rest, which includes the exciting Adit story, the contract with Glencore, structure with limited amount of shares, the advantages of no debt, the principles of the company of Biscan, Robert Wheatly, Bizarro, Brown, Romeiro, and other consultants, reasons for investing (just starting to tell the story and to produce and with 90% of the properties to explore).
= = =
smallcaps: Hello, everybody and thank you for joining smallcaps.us.
It doesn’t happen often that we feature a mining company, but John Gay, the publisher of The Quiet Investor newsletter, pointed us to a mining stock with substantial growth potential. The company that recently entered production is called Tara Minerals Corporation and is quoted on the OTC bulletin board with ticker symbol TARM.
With us today to discuss the company is its president and CEO Mr. Francis Biscan, Jr. Richard, thank you for being here.
Rich: Thank you, [what is his name? sounds like “Wen.”]
smallcaps: Richard, Mining company’s heart and soul is the property it owns. So please start by giving us an overview of the company’s most important properties. Can you tell us what they are, where they are located, and their stage of development.
Rich: OK. We have a number of properties in Tara Minerals, but the first probably three key properties for us is, one is Don Roman. The other is Centenario, and the third one is probably the one that is in our subsidiary, we own 90% of the subsidiary with a property called Picacho.
Ok, first I guess we start with Don Roman. With Don Roman I’s a lead, zinc, silver property, with about 45% of the production coming from silver, and we recently in the fourth quarter started mining production, and in the first quarter of 2010 we started plant prodcution and we started concentrate sales in the second quarter. So we’re just a brand new start up procducing company, producing a lead/silver and zinc/silver concentrates. It is a very substantial property, because it’s a high grade property. Right now w’ave been mining average grades of 9% zinc, about 2 1/2 % lead, and about 300 grams silver. That’s a general there. We can come back into that later.
The second one is Centenario. Centenario is located – I’m sorry, Don Roman is located in Mexico, in Choix, Mexico, which is kinda right on the border of Senora and Sinaloa states. Part of our properties are actually in each state, and, you know, which is a very prolific area for mining.
Then we have another property called Centenario. which is, some of it’s adjacent to Don Roman, some of it’s just, you know, in very close proximity to Don Roman. And, in Centenario is another prolific property, with multiple structures. We have gold, copper structures on there, we have lead, zinc, silver structures, and even an iron ore, gold, copper structure there.
And then the third one is Picacho, again which is being held in our 90% owned subsidiary, Adit Resources. Picacho is mainly a gold property. It’s on trend with Yamana’s Mercedes property, and has – we believe is -- holds multi-million ounce potential.
That’s our three main properties.
= = =
[Continued in the next message.]
I'll just ask here, what is a property with a multi-million ounce potential worth? See my further dicussion in the second next post.
Correction to previous post.
I realize I took the par value of $.001 as the amount invested in the stock. There was additional paid-in capital of $10,417,000. So that would be the amount invested by the end of 2007. How much was added since that? As I said, the number of shares increased only slightly (from 95,015,952 to 102,807,618 shares as of May 31, 2010, and increase of just 7,791,666 shares -- a great accomplishment in itself). I suspect most of that is for services rendered, not for additional cash. But lets say it increased the cash to $15,000,000.
At the present ridicoulously low share price of $0.36 the value of TRGD has risen to 246% of that. If one takes just the value of its TARM holdings at the also very low present price of $1.70, it is now 419% of its orignially invested amount.
But recall that the seller of the Picacho property was willing to give up a great cash payment in exchange for for Adit and TARM shares in which the TARM shares were valued at $4.00. At that valuation, TRGD's value is $1.44 a share, 987% (nearly 10 x) the originally invested cash, and 400% of the present price of TRGD, and 235% of TARM's present price. That kind of discount cannot last long.
Also the Picacho seller must have thought TARM's shareprice would be a lot higher than $4.00 someday. The real value now of all the holdings of TARM/TRGD (which includes the great Adit) is very significant, in any case.
Thanks to "Gotgold," whoever he really is, for giving us this reason to review how great an investment we have, and many others will soon have, maybe even "Gotgold." Otherwise we can observe what desparate attempts he finds next to try to disparage this great investment -- he or the one paying him for his foolish scramble to find something negative that someone might believe. But probably he must keep trying as he realizes what a big mistake it has been to short this stock. In any case, the attacks on the CEO are increasingly hollow.
What a bargain to get TRGD and TARM at these prices. Grateful will be the investor who jumps at this opportunity.
jimb7770
Using alias Gotgold again? Remember the alias was just born on May 5, and has posted 19 times since, ALL negative about TRGD.
The first 17 were in 15 calendar days. Then he gave up for a while after we shined the spotlight on his phony alias.
As a "newcomer" how would he know about TRGD, and why would he care? Who is he really? What other names does he post under?
Now he says, "I think you guys are going to see a lot worse for 2008 - 2009." How would he know? Is he an insider giving inside information? Hardly. He should know that the 10K makes it clear that Biscan's salary remained at $276,000 for 2008, since the contract continued through Jan. 1, 2009.
Biscan has not diluted the stock through warrants and stock options for himself. It is truly amazing, the way he grew the value of this company from nothing to its present valuation of $36 million, which it has, even at these low share prices. It looks to me that the amount invested through 2007, was $95,000. The number of outstanding shares has increased only slightly since 2007, so there must not have been much additional new capital invested since the end of 2007. Furthermore, there is no outstanding debt. Indeed TARM owes TRGD money or shares. Also it has no "outstanding options, warrants or securities which were convertible into shares of Tara Gold’s common stock," as of May 31, 2010.
$36 million is based on the present low share price of TRGD. It should be $61 million just based on its holdings of TARM at TARM's present low share price. But that is also way undervalued in my opinion. A TARM share was valued at $4.00 in the agreement with the seller of Picacho. A very conservative analysis of what assets it has in the ground, should command a mulitple of the present price.
Taking $95,000 and making it worth today about $61 million, with a real value undoutedly much higher, is incredible in my book. If my figures are right, that is a 642 fold return. Rich is not perfect, the same as everyone else, but I would take his growth rate and performance anyday.
Does Gotgold think he could do better??!! When Gotgold increases my investment 642 times, I'll be happy to see him get Rich's salary from a valuation of $61 million and more.
jimb7770
Paramount Gold is presently trading at about $1.20. That would be $420,000 to Tara Gold.
curious924
Note!! www.Smallcaps.us interview of Rich Biscan on Tara Minerals.
From another board postetd by I_heard :
This was excellent and timely. I now have more info to update my model.
Provided more info on concentrate shipping but don't know when they started or consistent ship rate. CL was there in late April w/ pictures of finished concentrate, so maybe start date is this month and ramp from here? "We have already sold concentrate to Glencore and on our way."
ADIT: $7-10M private raise is underway. Found 4-5 new gold viens @ 7.8 to 15.6 g/T and now 'muli million ounce property.' Prepping aggressive & large drill program. "IPO in 6 months" WOW
"We qualify for a new higher listing now." Another WOW. New institutional ownership must be coming.
Very strong balance sheet. No debt. 'Our gross margins are > 50%" New model input.
"We built the mine and processing with all equity. No debt. Now producing and shipping concentrate and generating cash flow. Just now starting to tell out story and focus on further developing Dom Ramon, ADIT, and Centenario."
By 2011, will be running at 660T/day with the addition of the new SF Gold circuit. Another 2011 model input.
As I posted on the TRGD board, I believe JNG85 misunderstood David Barefoot on the present production at Don Roman. From my conversation with David, the target is 200+ per day by the end of Q3, though they are hoping that they can exceed that.
Basically only the present investors will read great news on Tara Minerals, such as was released Monday. Many of them are probably maxed out in what they can invest. But the IR company is opening doors to make it known. I beleive we will see a steady growing interest from new investors that will make the stock move. More news releases that can be expected, will help as well.
It is important that we as investors realize that the company cannot share a lot of details that are not in the form of a news release or a quarterly report. SEC rules need to be followed. But Tara Minerals needs to be a serious company, open to go onto a major exchange.
With David's help in IR, Rich is also more free to focus on the expansion of production. Concentrate IS being shipped and will be growing.
I asked about the meaning of payments being "provisional" as mentioned in the release. He indicated that it does not mean that they are not real, or that they are in danger of not being made permanent. If I understood correctly, it is that the company has different levels of approval of the concentrate for payment and it takes time for all the approvals to be made, especially here at the beginning of operations.
I personally believe that, while there have been some delays through the start-up process, the progress is definite and that great projections that have been made are truly justified. The minerals are there and the produciton is growing. You do not want to miss out on this great opportunity.
curious924
I believe JNG85 misunderstood David Barefoot on the present production. From my conversation with him, the target is 200+ per day by the end of Q3, though hoping also that they can exceed that. I'll share more on the TARM board.
curious924
So trucks are the new short mantra. What is to bash about buying a truck. Having our own truck assure success even more.
Bottomline is, there is a lot of money in them thar hills, and it belongs to us shareholders.
I am convinced that we are making good progress at converting it into cash flow, income, profits, and really great future shareholder value. Anyone that bets on the failure of this company does not know well the CEO and what will soon be realized to be exceptional value. I certainly would not want to be a short in the Tara's and Adit.
Anyway, these bashers, if they are not working for shorts, whether themselves or others, why would they care?
Jimb7770
Kdub,
You asked "do you really mean that tomorrow, May 20, it will start trading again?"
That is what Rich told me, and I just confirmed it now by checking on the SEC notice that stopped the trading, where it says,
"The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on May 6, 2010 and terminating at 11:59 p.m. EDT on May 19, 2010:"
11:59 PM eliminates today, so tomorrow, May 20, it should be trading -- on grey sheets. Could be a great buying opportunity.
The last news from TARM left no doubt that the big question can be answered positively, is revenue being received?
It said,
"Tara Minerals Corp. is generating cash from the sale of Silver, Zinc, and Lead concentrate from its producing Don Roman mine and mill, located in Choix, Mexico. Management is focused on creating long-term shareholder value as this capital is deployed to increase throughput, enhance resources, further outline new discoveries/targets, and acquire additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation."
It is a great game plan that, in spite of some appearance of Murphy's Law on the way, should be getting now, or at least soon, consistent production and cash flow.
Sam Dan said here (post # 6659) "I would expect next quarter to start showing $2 million a month revenue starting about now for 2nd quarter." That will silence all those who, for whatever reasons, delight in discrediting this great investment.
So paid basher Mamona, and his alias Getgold, is talking to himself again, and has a new mantra, bashing Mexico, to try to get people to sell and drive down the price of TRGD.
How often will he post that before tomorrow morning when this starts trading again -- and probably after it starts trading? Will we have to hear it over and over again? Or will he go back to bashing our CEO, or even ex CFO Brown? Maybe he will find some other good arguments to drive the price down.
BTW, Why does he not post on the TARM board? That is who is in Mexico. But it is TRGD he wants to drive down, so he is here.
Will we also hear from hiethere whom he resgistered as a "new" person on iHub at the very same time as gotgold? Or will he create some other new person?
Maybe he will flee to another board since we are onto him here.
The news is of course re TARM, which affects TRGD. After the news regarding Bizzaro being appointed CFO for TRGD, it is not too earthshaking to see he is also CFO for TARM and Adit.
But I really like the review about TARM, that very nicely summarizes why we are in the Tara's.
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Tara Minerals Corp. is generating cash from the sale of Silver, Zinc, and Lead concentrate from its producing Don Roman mine and mill, located in Choix, Mexico. Management is focused on creating long-term shareholder value as this capital is deployed to increase throughput, enhance resources, further outline new discoveries/targets, and acquire additional strategic assets. Tara's strength in recognizing value early and strategy of reducing risk through a foundation of cash flow, positions it for low-risk value creation.
The one for the TARM subsidiary Adit is not bad either.
Adit Resources Corp. is a growth-oriented precious metals exploration and development company with an objective to become a significant precious metals producer by exploring, developing, and reinitiating production at the Picacho project in México and other North American exploration/advanced-stage projects.
Does anyone else think Mamona is trying too hard to sound like he is not the one he "knows"?
Why did he sound so much like hiethere, gotgold, and blamewho? rather than as one who knows so well what "paid bashers" do and not condemn their obvious agenda? His favorite tactic seemed to be ridiculing that some thought there were paid bashers. Why such an obsession about that? He tries too hard to make himself look like he is not one.
I certainly hope he continues to enlighten us as to what "paid bashers" do, so that we can recognize them when they appear here. He will do us a great serice.
Meanwhile I truly hope next time one or more paid bashers appears here, he will let us know about them, and condemn them. Again, I still do not know why he did not do so when these three suddenly appeared?
I look for him to continue to show that as a long he is FOR this stock rising, not constantly saying how terrible it is. At least give us a balanced approach. Why no comment about how relieved he is that there is a new CFO, when that was his great concern?
Also does it seem a coincidence that one of these newly appeared bashers had the name gotgold. Seems there could be a connection between gotgold on the yahoo board who has also sounded a lot like Mamona. Why do they, or does he, keep stumbling over himself like this?
The news should be good for TARM trading today, and TRGD in Frankfurt.