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I don't it's all speculation with some area information sprinkled in. Sorry NO.
I did look back. I was saying we have preliminary test as well. We are golden.
QUESTION?
How much do you think K, Li, and B have depleted out of the ground or has it multiplied?
Really? Think about that for a moment. The concentration levels are all relatively the same around the different salars. There have been some preliminary testings done, that is why MMTE decided to go in and buy concessions and set up a Chilean subsidiary.
Hope This Helps
TBS04
ex·ploit2 /?k'spl??t/
[ik-sploit]
verb (used with object)
1. to utilize, especially for profit; turn to practical account: to exploit a business opportunity.
You won't see a Business Plan per se, but you can read the early PR's of MMTE and see what it's all about.
GL
Because Lithium/Potassium and Boron are all natural resources and from what we know MMTE will explor and exploit these resources.
Hope this helps
TBS04
Yes you are correct, that is why we created the Chilean Subsidiary. There is going to be such a great demand for lithium over the next 10 years it is unreal.
And if the Chilean Gov. doesn't work with outside companies from other countries, they'll get left behind with their desert and slightly impoverished country.
JMO
Lithium Power Taking Charge
The battery pack in the Tesla Roadster is the result of innovative systems engineering and 20 years of advances in Lithium-ion cell technology. Tesla's ingenious battery pack architecture enables world-class acceleration, safety, range, and reliability. The non-toxic pack is built at Tesla’s Headquarters in Northern California.
The pack weighs 990 pounds, stores 56 kWh of electric energy, and delivers up to 215 kW of electric power. Tesla battery packs have the highest energy density in the industry. To achieve this energy density, Tesla starts with thousands of best-in-class Lithium-ion cells and assembles them into a liquid-cooled battery pack, wrapped in a strong metal enclosure. The battery is optimized for performance, safety, longevity, and cost
The RAV4 is all electric, and will likely stay that way. Toyota merely asked Tesla to give the electronics an overhaul as part of the deal where Tesla got their factory.
Hope This Helps
TBS04
Congrats jkm1 Awesome News!
How long do you think it will take before we have income?
Nice read. I'm sure the law toward minig lithium for outside countries will change. If it doesn't our loop hole in their Gov. is our Chilean subsidiary which has rights to EXPLORATION and EXPLOITATION, Compania Lithium Investments Limitada of
Chile.
Filing:June 13 , 2011Completion of Acquisition or Disposition of Assets, Including but not Limited to Mergers.
Mammoth Energy Group Inc. (PINK: MMTE) a lithium and alternative energy mining company
announced today that it acquired Compania Lithium Investments Limitada in an exchange of
125,000,000 shares of restricted common stock for 99.9% of Compania Lithium Investments Limitada.
Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining
assets in Chile on behalf of Mammoth Energy Group Inc. Compania Lithium Investments Limitada of
Chile has acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the
southern section of the Salar de Maricunga basin located in the province of Copiapo, Chile. The company
completed this acquisition on May 23, 2011.
Mammoth Energy Group, Inc. will operate this acquisition as majority owned subsidiary. This acquisition
is a related party transaction since Mammoth has acquired its majority stake in the acquisition from
William Lieberman, CEO of Mammoth. Mr. Lieberman exchanged all of his 99.9% ownership to the
Company.
Mammoth Energy Group Inc. acquired Compania Lithium Investments Limitada in an exchange of
125,000,000 shares of restricted common stock for 99.9% of Compania Lithium Investments Limitada.
Actually it was 125.
Soooo What about us?
AMA You stated all this yesterday, WHy are you spamming the board with it again today? Yes I played dumb, and you spelled it out.
You're right but some Newbie may not know.
2nd PR News For those who missed it.
Mammoth Energy Group Signs Letter of Intent to Acquire Additional Lithium Concessions
NEW YORK, NY--(Marketwire - Jul 26, 2011) - Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has signed a Letter of Intent to acquire five concessions for a total of 2471 acres (1000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune.
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4695 acres (1900 hectares) in the Salar de Pujsa, and now with the 2471 acres (1000 hectares) in the Salar del Laco for a total of just under 16,000 combined acres throughout Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE) www.mammothenergygroup.com
Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever-changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Wow Nevermind
Isn't there a 10Q due, think ahead.
Well how about a 10Q that shows all the share structure and we still have the 15B A/S?
That was before William Lieberman became CEO. Matter of Fact that is when Joe Overcash was CEO. He has since been voted out and his shares cancelled. Thena name of the company then was Technigen. Joe Overcash has an injunction on him.
The lawsuit was filed because someone wants shares. This company is getting ready to move foreward, and someone wants shares. Read the complaint. It is not well written and has BIG HOLES all in it.
Sorry try again, with correct and further DD.
Hope this helps
TBS04
Some DD for newbies.
Valuation of MMTE Land Acquisitions
Per MMTE PR’s:18,286 Acres in Chile
PRELIMINARY TESTING-AVERAGE BRINE CONCENTRATION LEVELS
650ppm – Lithium
9500ppm – Potasium (used in Fertilizer)
NEW YORK, NY--(Marketwire - 07/30/10)
Salt Gold Inter Chile Limitata lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.
"Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD," said William Lieberman.
There has been testing of sample going on for years now. They are all consistent in they’re ppm samplings. With that being said, here is what we can figure the AVERAGE VALUATION of MMTE to be now.
Land Valuation on acre per William Lieberman
Approximately $30,000
So let’s be a little more conservative and say $25,000 even though demand is racing and Rockwood Holdingshas increased their price per tonne of Lithium 20%.
25,000 x 18,286 = $457,150,000
Now divide by the 15B A/S (Very Conservative)
457,150,000 / 15,000,000,000 = .03047 rounded to .031 pps
Now let’s be a little aggressive and say 10B gets canceled, leaving 5B and the Land value is $30,000 10B was added as a covenant.
30,000 x 18286 = $548,580,000
548,580,000/ 5,000,000,000 = .1097 rounded to .11 pps
THIS IS SOOOOO UNDERVALUED it is unreal.
Hope this Helps
TBS04
To be exact it will be 18,286 acres in Chile alone. Not to mention what will be coming from the other countries.
OK Go MMTE
Where is the 504D?
Where is the 504D? Please show us?
Could the company retire those shares as stated they would since they were for a covenant?
That covenant is incase of a hostile takeover if someone got ahold of the majority of shares at this s/p or lower.
I'm not even sure there was an agreement to the amount of shares. Therefore no paper work was signed, for anytype of deal but money was sent anyway?
You are correct. Just think if (from speculation)this company does more forward and excels in the Lithium industry what the s/p could be? .03 x 400,000,000 = 12,000,000 Just using a generic s/p.
JMO
TBS04
Dawg, I concur. The plantiff wants shares, it states so in the court docket. The reason they want shares is Mammoth Energy is a real company (filings)and is about to move forward from acquisition of land concessions to mining with being done with the Chilean Subsidiary then a JV and uplist. They want to illegally obtain these said shares so they can become fat and happy. Greed will get you in HOT WATER. (especially if your hands are dirty)
TBS04
But does that mean The Company is selling shares? I'm just trying to understand?
So are you stating the company is selling shares? Please Clarify.
The plantiff(s) have dirty hands. That will play heavily into the Judges decission. There are other glaring facts that stick out but I will hold those cards.
We'll just have to wait and see what Judge Rakoff says.
GLTY
TBS04
One big problem though. There was no signed contract. There is a place for the signature, and there is no signed contract.
1. Why do you keep asking who the representation for MMTE in the suit is?
2. Why do you need to know? It seems painfully obvious it is very very important to you.
Why is that so important to you?
Sincerely
TBS04
A shell company is a company that exists but does not actually do any business or have any assets.
But in a filing it is listed under Note #1 Organization and Business. Same thing in this quarterly also:
QUARTERLY REPORT
THREE MONTHS ENDING
March 31, 2011
Now in the AMENDED INITIAL COMPANY INFORMATION AND DISCLOSURE STATEMENT
Pursuant to Rule 15c2-11
(v) NATURE OF THE COMPANY’S BUSINESS:
A. Business Development
Mammoth Energy Group, Inc., formerly Technigen Corp., (the “Company” or
“Mammoth”) was incorporated under the laws of the State of Nevada on February 27,
2006. It is currently not a reporting issuer with the United States Securities and
Exchange Commission (“SEC”).
The Company’s business is in its developmental stage. To date, the Company’s primary activity is identifying and obtaining royalty interests in potentially lucrative extraction of minerals, metals, common compounds and oil and gas projects. Currently, the Company receives royalty interest on one such project through the assignment of an
Oil and Gas Lease acquired from Mandalay Energy Resources LLC in return for investment in the project located in Pawnee County, Oklahoma.
Mammoth Energy Group, Inc. is a Nevada corporation, organized as a domestic domiciled corporation in Nevada on February 27, 2006. Prior to organizing in Nevada, it was originally organized in Canada as Technigen Corp. Upon becoming domiciled in
Nevada, it changed its name to Mammoth Energy Group, Inc. (symbol MMTE).
Change in Control and other Shareholder MattersAny change of control:
In May 2009, the majority of the shareholders elected William Lieberman and Samir
Ahshrup the board of directors and sole executive officers of the Company. The
Company, while remaining a holder of royalty rights under an Oil and Gas Lease, ceased receiving said income on or about August 2008 because of a dispute that arose between the majority interest holder in the oil field and the operating (production) company.
This Part is very very important!(B)
Business of Issuer.The Company’s business is in its developmental stage. The Company has acquired a royalty interest in an oil and gas project in Pawnee County, Oklahoma.
The Issuer’s primary and secondary SIC Codes as follows:
Primary: 1381 – Investment in oil and gas wells and properties
Secondary: 3590 – Industrial
The Company has had limited operations. It holds a minority royalty interest by assignment of an oil and gas lease on producing property in Pawnee County, Oklahoma. The Company had operating income from this property in 2008 of approximately $100K. A dispute between the majority royalty interest holder and the operating company has resulted in the shut-down of all operating wellbores on the property. This dispute has been on-going throughout 2009 and no royalties have been earned.
The Company’s revenues stems from its sole investment in an oil and gas project in Pawnee County, Oklahoma. The Company is a “passive” investor in so much as its income is derived from an assignment of royalties in return for the investment. Further, the Company had no income from this investment in the last fiscal year, nor does it anticipate any income from this investment in the current fiscal year, or in the near future as production has been shut down by the owner of the property because of a dispute with the production/operating company developing and drilling on the property. Since the Company has no production, exploration or drilling activities, and derives no income and has no lifting expenses from any such activities, it believes it is exempt from the requirements of FASB 69 and the Supplemental Disclosures associated with oil and gas exploration and production companies.
The Issuer is not a “shell company” pursuant to SEC Rule 405 of the Securities Act of 1933.
SO EVERYONE IS CLEAR HERE. MMTE WAS NOT A SHELL!Three Month Period Ending
March 31, 2010
Notes:
NOTE 1. ORGANIZATION AND BUSINESS
Mammoth Energy Group, Inc. (A Development Stage Company) was incorporated on February 27, 2006 under the laws of the State of Nevada. Prior to its incorporation in Nevada, the Company had been incorporated as Technigen Corporation in Canada. It has had limited operations since its incorporation in the United States. In accordance with Accounting Standards Codification (“ASC”) 915, Development Stage Entities, the
Company is considered to be in the development stage.
MMTE was not a shell per 2010 Quarterly when WL was voted in by the board of Directors.Three Month Period Ending
March 31, 2010
Notes:
NOTE 1. ORGANIZATION AND BUSINESS
Mammoth Energy Group, Inc. (A Development Stage Company) was incorporated on February 27, 2006 under the laws of the State of Nevada. Prior to its incorporation in Nevada, the Company had been incorporated as Technigen Corporation in Canada. It has had limited operations since its incorporation in the United States. In accordance with Accounting Standards Codification (“ASC”) 915, Development Stage Entities, the
Company is considered to be in the development stage.
Also in you prominance of stating follow the money, yes documents showed he recieved $40,000. But there were NO SIGNED DOCUMENTS OF A FINALIZED DEAL over any shares. The details are sketchy at best by several convicted parties.
The Truth Shall Set You Free.
Congrats Dii Dii! You'll do a marvelous job!