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You need to think. It doesn't matter if the PGRD-WSA deal has happened. It means nothing to IDWD shareholders. PGRD is telling callers that WSA and IDWD are not connected at all. WSA now has the assets of IDWD according to IDWD's own PRS. IDWD is carrying an approximate market cap of 30 million or more and has no remaining assets outside of 995ad.com which is a pretty much worthless unmaintained website..
Downs and company now work for WSA. IDWD is just a shell with a virtual office and no staff.
TO LAPTOENAIL ON HSM:
Crossbow. laptoenail has posed some very legit questions about the relationship between IDWD and WSA. Why don't you go over there and explain to him that the reason he got Downs's voicemail at ext 201 at WSA (WSA is now in IDWD's old offices) is because Downs has illegally transferred the few assets IDWD had to a new company which is comprised of IDWD insiders. This is in violation of the law since the entire structure is a charade and not at arm's length. Shareholders of IDWD now have nothing. The idea that assets could be transferred in a sale (which according to uvhDowns hasn't been paid for yet, is absurd! Downs does it again. LMAO!)
The reason the guy that answered the phone at WSA is the same guy that called you back a few weeks ago is that the personnel are the same. They saw the chance to make a few bucks out of the flash drive and stole the business from the shareholders of IDWD. IDWD now has nothing which is worth anything to justify the price of the stock.
Laptoenail:
Downs is a low down sneaky POS con man thief who has stolen from the shareholders of the corporation. He has done this through lying PRs and he has obviously done this through illegal sales which violate arm's length requirements. Trusting this lifetime bastard is a big mistake. He has defrauded his investors many times over the years. This is just the latest example.
From HSM:
Today, 09:28 AM #2452
laptoenail
HSM Newbie
Join Date: Jul 2006
Posts: 126
called the 1888 number and asked for extension 201 and the person asked who was calling. A man answered and asked who was calling. Sounded like the guy that called back from IDS investors relations. No crack pipe here now is there. Also, he sounded very hesitant when I asked about extension 201.
Somebody let me know what is going on.
Today, 09:34 AM #2454
laptoenail
HSM Newbie
Join Date: Jul 2006
Posts: 126 Quote:
Originally Posted by undervaluehunter
Dude, put down the crack pipe. There is not a 201 extension or Downs on WSA directory. Hit 250 for directory of personel there is no 201 extension. Nice try "pennysow"....keep your crap on IHUB and take vallbemine back to the cesspool with you....LMAO
LOL...bashers getting desperate after being embarrased over PGRD.
_____________________________________________________
How are you going to spin it this time, Look at my last post this morning regarding the call I made. Come on I hold quite a bit of shares and am looking for positive news, but for you to say that I am someone else and trying to bash this stock is pitiful. You call and talk to the person and ask for ext 201. Tell me what the "IR" guy from IDS that called me back a few weeks ago says to you.
GLTMATP (Good luck to me at this point)
Yep. You are right!!! LMAOOOOOOOO!!!!
It says PGRD seized the escrow account. It says nothing about the option being executed. The option has expired, the money was seized from escrow and the escrow account was closed.
Good job Downs!!! You were able to pump people like Bol for all they were worth.
Item 8.01 Other Events
On January 30, 2007, pursuant to the terms of the option dated July 5,
2006, as amended on October 25, 2006, granted to Worldwide Security
Acquisitions, LLC by holders of common stock of the Registrant, the
option term expired and the nonrefundable deposit was released from
escrow to the Registrant and the escrow was closed.
The corresponding option transaction agreements were reported by the
Registrant in its Current Reports on Form 8-K dated July 5, 2006 and
October 25, 2006, and the transaction documents were filed as exhibits
to those Current Reports.
It would appear that the Escrow account was closed and it was not replaced or renewed with another option agreement as happened the last time Yassar did not execute.
Crossbow. Why don't you tell us what IDWD even has anymore? They have sold all US marketing rights to the flash drive to WSA. They even sold WSA all of their US facilities, if the Downs PRs are to be believed. Even uvhDowns has said that WSA and IDWD are not connected other than the fact they share the same insiders.
HLS supposedly controls all foreign properties.
IDWD is now located in a virtual office and even the receptionist is not an employee. Just what on God's green Earth does IDWD verifiably own which would make it worth 2.35 per share? How about nothing? It looks like the one thing which generates more than 10 bucks a year in sales (the flash drive and the home security alarm business in Pakistan) is now under the control of enities which Downs has claimed are at arms length from IDWD.
This looks like a classic swindle to me. He bilked fools out of their money to develop some subsistance level business and then removed the business from the ownership of the people who put up the money to develop it (by buying stock).
I find it amazing that uvhDowns and others could show up saying IDWD shareholders are entitled to nothing because it was the work of IDWD insiders which made it all happen and that in light of this, you could then come on here pumping this POS to people who do not know the whole story.
Even if PGRD is bought by WSA, what in the hell would that have to do with IDWD since Downs and Yassar were very careful to legally separate the two entities?
Are you going to end up like that old Grandmother Downs swindled out of 20 thousand dollars by promising her he would give her grandson a job for life in a fraud limo company?
Wowzeroni! New lows. The facts are that Downs put worthless untradable junk in accounts after promising for months that the fake dividend would be worth 1.10 per share.
Even after he confessed it would be restricted (which wasn't until the end, he said the restriction would be lifted within one month. This was another lie.
Nearly one year later and we see Downs talk out of his azz more often than he does out of his mouth. The dividend is still completely worthless.
So unless you like getting totally smooozed while a guy lifts your wallet and sticks a knife in your back, there is no way that worthless paper in your account was the fulfillment of the dividend promise.
uvh/Datatech/Downs always uses the carrot on a stick approach to his lying pump.
Hasn't everyone noticed by now that the "big deal" is always coming just "two to three weeks from now"? In the meantime, that criminal is very likely dumping hard.
Everytime he has shown up in the past few months, it has signalled total doom for the stock price. He was signing the exact same song at 1.40 last fall.
Now the stock is trading in the 30 cent range and that fat lardbutt has laughed all the way to the bank with the money he has duped from newbies and other hapless misfits.
No one can blame DatatechDowns. He always warned everyone by telling them, "here comes the pain!",-- plus they knew he was a convicted swindler.
I mean, would they leave a bottle of Jack Daniels laying next to a sleeping alcoholic and then express surprise when they returned to find a passed-out drunk?
Downs is the victim here. lol
Why would anyone expect him to cough up about 100 million in cash? He needs it so he can live well after all those years of penny ante cons.
I think he is talking about the pain that has come to the shareholders from believing all of his false predictions (or lying pump) The pain can be quite acute when you have been screwed by an elephant. lol
Every single pumping post from that lying sack of dog excrement has been dead wrong.
This is a monster scam.
Has any of this happened? No!
IDS Informed by HLS That the First Anticipated Filings Have Been Completed
Fortune 500 Portal Executives Arrive in Orlando Tuesday to Sign Major Agreements
ORLANDO, FL -- (MARKET WIRE) -- October 30, 2006 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) has been informed by HLS Worldwide that the first filings related to the multiple acquisitions and mergers have now been filed. These complex interrelated transactions can now move forward at a rapid pace.
HLS, IDS and other parties to the acquisitions will release major signed agreements this week, including the aforementioned deal involving one of the world's leading public portal companies this week, with multiple major contracts signed this week. Over the coming days this various agreements will add greater clarity to the acquisitions and mergers IDS and HLS have been working during the past year.
The various agreements to be signed with various Fortune 500 and government agencies this week are adding enormous value for all shareholders. These agreements will allow the registration of the dividend to go forward as well as the HLS buyout of IDS common shares for $2.35 per share. These agreements have allowed HLS and the soon-to-be-combined companies to attract top executives of major public companies to run the combined operations starting immediately and coordinating the move of the surviving public company to the NASDAQ in the coming year. Audited financials of the combined companies are being presented for the new CFO's review and approval upon the signing of the various agreements this week.
Highlighted Links
IDS Worldwide, Inc.
Well Bol? No reply? That's because you know I am talking the straight scoop.
All of this is very funny to a sadistic con man like Downs. Downs has lied his ass off for two years and when he finally finds something which generates more than 10 bucks a year in sales, he gives it to his partners under the names of different corporations.
At one time, IDWD had the rights to all of this. Now they have the rights to nothing except that pile of dog crap site 995ad.com which doesn't even work. The shareholders were first lured in on lies and then when enough money was raised to come up with something that sold a few units, Downs conveniently sold it to his friends leaving IDWD shareholders hung out to dry. The stock has crashed and the Downs Paki pumpers on HSM say shareholders deserve nothing because "they didn't work for it like the insiders did"
Well, they worked hard for the money which bought the stock and allowed the stinking con artists to raise the money to buy the flash drives from the Chinese so they could be resold.
This is the lousiest scam to come down the pike in a long time.
I have talked about this for months now, but all that is happening with this stock is the same thing Canadian authorities discovered Petar of SLJB was doing. They sell the stock down to get some cash and then they start to buy it back with that same cash. Out come the pumpers screaming that the buyout big news is anyday now and the same people who just bought start selling.
This is a pump and dump run in many phases over and over again.
Look at JEFF on the box as I type this post. They have always been hyped to be the buyer for HLS but has not been in the game for days until yesterday as they upped their bid price while pumpers were posting feverishly. Now they are selling today.
This has left layer after layer of bagholders all the way down.
Some of them like Cuda and Crossbow keep averaging down in the hope they can get back to breakeven. The end game here will see Downs with all the cash and the victims with all the experience.
The site has no recognizable traffic.
Many of the ads are for cars that were sold two years ago. In some instances, we have been able to find banner ads for new cars, "model year 2005" LMAOOOOOOOOOOOOOOOOOOOOO!!!!!!!
I have never been able to find even one advertiser who knew his car was listed on 995ad.com and I have called about 30 of them. Some of the phone numbers listed as contacts are disconnected!!!!!!!!!!!!!!!!!!!!
Some of the advertisers say they have never had the VIN# listed in stock!!!!!
The live assistant at the site says they do not work for 995ad.com!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The site is not maintained and was never used for much of anything except to scam newbies into buying this pile of trash stock so the convicted stock fraud swindler Downs could cash in.
This whole story would make a great Saturday Night Live skit. It would do a great job of roasting penny stock investors who believe the lies of stock fraud criminals.
DD is a lot more than phoning a guy who was in jail for being a con artist.
When I read his first post, I was thinking about accusing Downs of passing illegal insider information to him and the others. Unfortunately, he had to put up that ridiculous post about 995ad.com and this made it clear to all but the mentally retarded he was trying to pull another scam.
It seems that scamming is about the only ammunition any of the longs have ever had with this stock.
What ever happened to the lost courier? lol
The funny thing is that the bozos expect HLS to but IDWD for 2.35 a share, but according to IDWD itself, they don't really own or sell anything anymore. (except stock, lol)
The cut and paste job of the signs over the "offices in Pakistan" indicate that even the make believe properties of IDWD have changed hands!!!
So the situation has improved?
He is now a stock fraud convict who lies in PRs and is on Jenny Craig. This changes everything and gives me a lot of hope.
Of course you didn't. Who really believed there would be any earth shattering news coming out of a meeting with that fat con man Downs to begin with? This is one big con job designed to steal money from fools who get their DD from anonymous posters on message boards.. If you lose here, you have no one to blame but yourself.
The idea that people should buy stock in a company run by a convicted stock fraud felon who has been caught lying many times in his PRs is hilarious.
Crossbow is hilarious. He has been pumping this pig for more than a year. Last year, he told everyone IDWD would be at 3.00 in less than 30 days. At 1.30, he was telling people they were guaranteed a dollar in a month. At 1.00, he told everyone they could pick up 1.35 easy money in 30 days. Now he is still on the pump telling people they should buy for an easy 5 bagger. All of this is done to suck in buyers so he can dump his shares on them.
I have never seen anyone so adamant about making price predictions which were so consistently wrong. His name is becoming so synonomous with wrong that from now on when someone blows a trade in the market, I am going to start telling them they "pulled a crossbow"!
Crossbow was supposed to have met with the con man FaTricks Downs yesterday along with JMHGolf who has also been totally wrong about this scam.
I notice nary a word has come from him on any of the boards on which he posts about how that meeting went. All we have seen is an intensified pumping effort on his part with him telling everyone they should buy because he will be buying. What a nice guy. He is trying to run the price up on himself. Sure. (nudge nudge, wink wink!).
Its funny, but the video of that newscast showing that small police department had purchased a few units for the squad car laptops only made mention of the fingerswipe security benefit of the flashdrives. Not one word was mentioned about any encryption program. I hope they shopped prices before they bought. You can buy the fingerswipe technology for about 25 bucks now. Downs probably gave them the units for free.
No one and I repeat NO ONE else has enough stock to be the VFIN seller outside of Skolnik. While you are buying, he is most likely selling. It's not as though VFIN does much business for retail sellers. That is a small shop.
He's a smart cookie.
VFIN still selling daily here. They are almost always low ask. Skolnik, the CEO of EQBM, has often been the rumored VFIN seller. He is the only person on the face of the earth who has enough stock to be selling daily.
Do the math. If Skolnik thinks this stock is a sell at .0007, why would anyone else be a buyer?
crossbow has always been a rabid pumper without ethics. He was telling everyone here last year the stock was going to 3 "within 30 days" when it was trading around 1.50.
Needless to say, anyone who followed his insane advice lost their butts. He never even apologized to all the people he ruined.
Here is the good news for IDWD scammed newbies. If FatboyDowns was dumb enough to do a Wells Submission in response to the Wells Notice, it can be used later as evidence in lawsuits against the lying scumbag.
http://www.seclaw.com/docs/wellsnotice.htm
"Being the subject, target, or even a witness in an SEC or NASD investigation is not a pleasant experience. As I discussed in my column "When the SEC Comes Calling" a financial professional's involvement in a regulatory investigation or proceeding is extremely serious, and can be a career busting event.
While careful preparation and use of experienced counsel is the key to a successful outcome, prospective defendants (who are called respondents in these types of proceedings) have a valuable tool in their arsenal when dealing with the regulators - the Wells Submission.
The process starts with a Wells Notice - a notification from a regulator that it intends to recommend that enforcement proceedings be commenced against the prospective respondent. The notice references, in broad-strokes, the violation that the Staff believes has occurred.
Receiving a Wells Notice is hardly a positive event, as it signifies that you are the subject of an investigation and that enforcement proceedings are going to be commenced against you. However, a Wells Notice is rarely a surprise, and provides a unique opportunity for a prospective defendant to speak directly to the ultimate decision maker prior to the commencement of regulatory proceedings. The process by-passes the District or Regional Staff, and allows the prospective defendant to present his case against the commencement of the proceedings directly to the decision makers, without filtering or misunderstanding of the Staff.
There is no legal requirement for a regulator to provide a Wells Notice to you, however it is the practice of the SEC and the NASD to provide such notice. Procedurally, the SEC and NASD Staff (the people you are dealing with during the investigation) do not have the authority to commence proceedings. They need to obtain approval to commence proceedings. The approval process is handled without any input from the prospective defendant.
While there is no rule or regulation that requires that a prospective defendant be given the opportunity to address the decision maker prior to the filing of an action, in 1972, SEC Chairman William J. Casey appointed a committee (chaired by John Wells and commonly referred to as the “Wells Committee”) to review and evaluate the Commission’s enforcement policies and practices. Among the recommendations made by the Wells Committee was the following:
Except where the nature of the case precludes, a prospective defendant or respondent should be notified of the substance of the staff’s charges and probable recommendations in advance of the submission of the staff memorandum to the Commission recommending the commencement of an enforcement action and be accorded an opportunity to submit a written statement to the staff to be forwarded to the Commission together with the staff memorandum.
Although the SEC did not adopt many of the recommendations of the Wells Committee it did adopt this recommendation, and the notice is now known as a “Wells Notice” and the prospective defendant’s response is a “Wells Submission.” The NASD also uses a form of the procedure in its investigations.
The receipt of a Wells Notice typically does not come as a surprise to the prospective respondent, as there is almost always an investigation that leads up to the Wells Notice, and discussions with the SEC or NASD staff. The real question with a Wells Notice is whether to respond to the notice and whether to make the Wells Submission.
While it seems on the surface that a submission should be virtually an automatic response to a Wells Notice, nothing could be further from the truth. The fact is that most securities law practitioners do not make such a submission. The reason is that a Wells Submission is not privileged, it is not confidential, and anything that is alleged in the submission can be used against the prospective respondent at the hearing. Additionally, a Wells submission is discoverable - a well placed subpoena can obtain a copy of the submission, to be used in later civil litigation by private citizens.
Prospective respondents must keep this in mind in deciding whether to make such a submission, and must keep in mind that the SEC or NASD has conducted an investigation and made a determination to commence proceedings. It is therefore extremely difficult to argue factual matters in a Wells Submission. If you do, you are simply pointing out that there are disputed facts, and underscoring the fact that the Staff’s position is correct, if its facts are correct. The end result of a “factual” Wells Submission is a hearing, where the SEC Staff has been given advance notice of a respondent’s factual defenses, which they might not have otherwise obtained.
Therefore, a Wells Submission must be carefully considered, and should not be automatic. More often than not, a prospective respondent should be declining to make the submission. However, there are instances where the submission is a valuable tool in for the defense, and can be used effectively to limit the actual charges that are filed, and in some instances, avoid the proceeding altogether.
When do we respond to a Wells Notice? When there is a clear error in the facts (which I have never experienced) or in two other events – first, where there is a clear and compelling policy argument against the commencement of enforcement proceedings, or second, where the Staff is misinterpreting the law or the facts.
The first case is clearer, although rare. One of the submissions that I made came after a lengthy and extensive investigation of a wire house by the SEC Staff. The Staff informed my client, who was a former broker at the firm, that they were not looking to commence proceedings against individual brokers, but were investigating the firm itself, and the firm’s management. Of course, such a statement is not binding on the Staff, and the statement came early in the investigation. However, in our own investigation, we learned that the Staff was interviewing something on the magnitude of 50 former brokers of one branch, and was apparently telling each of these brokers that the investigation was of the firm, and not the individual brokers.
After approximately two years, my client, and apparently dozens of other brokers, received Wells Notices, informing them that the SEC Staff was recommending enforcement actions against each of them individually, for their conduct at their former firm, which had occurred 3-5 years earlier. It was our belief that the Staff was unable to make a case against its original target, the firm, and simply decided that since it had spent so much money on an investigation, it might as well commence proceedings against someone.
We decided to make a Wells Submission, arguing that the conduct alleged against our individual client, if true, was minor, and had been addressed in previous exchange investigations, without any enforcement proceedings. We also argued that the use of the Wells Notices to justify the Staff’s use of resources in the investigation of my client’s former employer was simply wrong, and that proceeding against the individual brokers was a further waste of the Staff’s time and resources, with no corresponding benefit to the goals of the Commission or the protection of the investing public. The SEC ultimately agreed, and no proceedings were commenced.
In a recent investigation, the NASD Staff decided to commence proceedings against a firm and its top producers for violation of an new, and unwritten, interpretation of the 5% Markup Policy and the so-called “Proceeds Rule”. Our submission was a lengthy and detailed analysis of the rule, and policy behind the rule, the failure of the Staff and NASD to notify any market participant of the new interpretation. We also argued that the firm and the brokers were following stated NASD policy in calculating markups and commissions. There were factual arguments, but those were designed to show that the alleged violations were not intentional, or significant in context.
Although negotiations had been ongoing for months with the Staff, those discussions were not productive, until our Wells Submission was made. The investigation was ultimately settled, and the NASD did not commence proceedings against any of the brokers.
I recently represented a sales trader who received a Wells Notice, alleging that he had violated the rules of fair practice by "url guessing." It seems that a public company was not particularity concerned about the publication of its earning releases, and numbered them sequentially - the press release for the first quarter ended in "1", the release for the second quarter ended in "2", and so on. In September, before the release of the third quarter earnings, analysts at the firm tried to find the press release - and they changed the URL of the second quarter press release URL from a "2" to a "3". Much to everyone's surprise, the third quarter press release appeared in the browser.
Analyst told sales trader, sales trader told customer, customer purchased. NASD investigation ensues, and we successful argued that "url guessing" was an accepted practice in the Internet age, that the issuer had actually released its earnings by posting the release in an unprotected portion of their web site.
While it is unclear if the NASD agreed, we received notification, after a receipt and review of the Wells Submission, that the NASD had decided not to proceed with an enforcement action.
As demonstrated by these examples, a Wells Submission can be a valuable tool for the defendant. It gives the prospective defendant the opportunity to speak to the decision maker and to have his or her position on the substance of the matter heard before a decision is made to commence proceedings. At the same time responding to a Wells Notice can ultimately harm a prospective defendant’s position at the hearing and in later negotiations. It is therefore extremely important for a prospective respondent or defendant to analyze the pros and cons with their attorney before making the submission."
The DTC needs a cusip number to distribute anything. The T/A would know this. If Skolnik issued the stock to the system with no cusip number, it will not be distributed. Downs at IDWD tried the same thing earlier this year. It didn't work until he provided a cusip. Of course the divi was worthless anyway so it never mattered.
It's a verifiable rocket ship. lol
When are people going to wake up and realize EQBM and its CEO Skolnik are the ones dumping on them? VFIN is selling the stock down today. That's probably Skolnik.
Like I said. If you need any help with junior miners let me know. I like helping people.
Compare today's price action between EQBM and MGMX. Big Diff. But MGMX is mining gold. EQBM seems to be mining newbies.
I would get more bullish on EQBM if Skolnik took any steps at all towards developing his property, but you and I both know that's not going to happen. He has done nothing but lose all the money he raises to the vague category of administrative expenses. This is probably another way of saying he put it in his back pocket since EQBM has no operations.
EQBM has no money in the bank and hasn't built roads, bought equipment or conducted geological surveys on the property it owns with the over 3 million dollars it has raised by diluting shareholders.
MGMX, although a big gamble, has built roads, bought equipment and IS MINING its property and PRODUCING GOLD. Big Difference.
If Skolnik would use the millions in money he has raised by diluting shareholders to develop the property and was mining, this stock would hold more promise. As it is, all it looks like is that he is selling you stock so he can jet around the world to Frankfurt and Miami and have a good time. He doesn't know whether he is mining in Canada, drilling for oil in Africa, or trying to do something in China. He has no real employees. This is a shell to sell stock in my opinion.
You brought it up. That is my answer.
I own neither stock right now although I might buy MGMX at some pont in the future. Unless Skolnik changes his ways, I will never buy this stock.
If you want to talk mining or jr mining plays in the future, let me know. I more or less specialize in playing them. My current favorite to trade is MNG.
Right. The capital investment required to upgrade the mining operations here are enormous and the time delays to acquire the equipment and the supplies are getting to be burdensome. The ultimate pay-off could be huge, however.
The big issue is how long will it take them to complete everything. Those traders and investors who can time all of this right will stand a decent chance of making a lot of money in a fairly short period of time.
This stock is unique amoung penny mining plays in that the company is currently operating a mine and recent work has been to upgrade capabilities. If the company will use profits to buy back stock issued to finance the upgrades (or something along those lines), then recent weakness should become a thing of the past.
EQBM doesn't have the money to do anything with Dalian if it was a great property and it did close. I doubt that Larry Skolnik plans to do anything with the Dalian story except hype it to more newbies anyway. He has done nothing with his Bonanza property. He has no money in the corporate treasury. This is why he has been diluting shareholders here to the tune of tens of millions of shares per month.
Opening up new mining operations or maintaining old ones is not a mere walk in the park. Costs of everything from labor to tires for equipment have been vaulting higher.
Educate yourself with the information from this article.
http://www.kitco.com/ind/Wiegand/dec152006.html
Miners Concerned with Labor, Facilities, Supplies Costs
By Roger Wiegand
December 15, 2006
www.tradertracks.com
“Most of the precious and base metal mining world has been focused on stocks, capital, and reserves. However, if you can’t physically mine and deliver the ore, the business is stopped cold. Labor costs are skyrocketing and all kinds of new and replacement equipment and parts are harder to find. Utility costs are very expensive and becoming more so.”-Traderrog
We had the pleasure of listening to top gold mining executives at a fund manager- analyst conference this week in New York. Miners are struggling to find more experienced talent, equipment, replacement parts and utilities. Fully funded projects are moving slower or are out-right stalled as mandatory components of mining operations become difficult to obtain or are simply not available for now.
Global gold production for 2007 has been forecast as smaller than in 2006 as miners chew through reserves. They are diligently working to complete new mine developments or add additional phasing on existing ones. However, while new ore reserve needs are a constant on-going battle we noticed other problems have recently surfaced. Gold conference executives explained what they are facing today.
Five Ton Tires in Woefully Short Supply
Those monster tires on open pit mining trucks are under-supplied throughout the world as production capacity is way behind field demand. Remember, we are in the early stages of a longer term mining bull market for both base and precious metals. Mines operate with both underground and open pit production. Open pit is usually less costly and if possible is the preferred method of ore extraction. Open pit operations do, however, require several large off-road monster trucks capable of hauling 400 tons of material in one load.
The mining industry is enjoying a veritable boom world-wide and manufacturers of heavy mining equipment are backlogged with orders. Critical machinery or vehicle parts are in tighter supply. Everything is more expensive and those huge tires are most scarce of all. Larger open pit operations use 400 ton trucks with tires weighing 10,000 pounds apiece. They cost $35,000 each and the really bad news is they wear out in six months. Considering production schedules and quotas, miners run the trucks 24/7 except for maintenance down-time. Used tires are being refurbished to continue operations and tires are being moved from one truck to another more than ever in efforts to keep them running.
Since tire suppliers are building product at full capacity, and supplies are way behind needs, mine operators use every creative idea possible to extend tire wear. They regularly smooth truck roads to increase tire life and mine repair departments are sharing tires among active mining operations. Some of these trucks drive themselves with computers having no drivers in the cabs. The entire purpose is to keep trucks moving and productive.
Tire manufacturers are building all they can but must make do with facilities designed years ago when demand was considerably lower. A new tire factory is being built in Brazil but supply managers are expecting a tire shortage for at least another two years. Operators are pillaging tires from unsold, stored equipment in dealer yards and some new mining trucks are being delivered with no tires provided. Expectations call for installing new or used tires when they become available. Also, miners immediately remove tires from trucks in for maintenance re-installing them on other trucks to continue non-stop production. The whole process reminds us of formula race cars making pit stops for fuel and new tires. Rubber prices are up 17% this year in Japan. New mining truck prices are up 25% this year and orders demand payment in the front. Deliveries are now quoted 18 months from date of order.
Skilled Trades and Certain Executives Difficult to Find
We heard this week mining welders in Nevada earn $60 per hour and demand 60 hours of work per week. Further, the quality of their work is slipping. Most all geologists are working, but shortages are difficult and newly minted graduates move up the promotion ladder faster than normal. The previous 20 year dry period in the mining industry eliminated one entire generation of trained geologists. Now the most experienced are in their late 50’s or older and are nearing retirement. Similar problems exist for field engineers and other highly skilled mine workers.
Experienced technical field people are in sharp demand and certain oil sands projects, fully funded are being shelved due to labor shortages. Alberta oil field workers are coming into the region from all over the world. Surprising to us, one executive presenter at the conference mentioned they are using qualified gold mining workers from Peru in Nevada and Africa on their various projects. It seems Peruvians are hard working efficient mining employees.
Most of the world’s largest mining machines are built in Illinois or Wisconsin with several parts suppliers working in the same regions. The other manufacturing location is in Europe. New mining equipment sales exceeded $3 Billion for 2005 and are likely to increase by a substantial amount in 2006-2008. Several analysts indicate the peak for mining industry suppliers is not visible as yet.
China has been buying everything they can find both new and used. Their coal industry alone accounts for large equipment orders. Some super-sized pit shovel orders have been delayed as they cannot get tires for the new pit trucks hauling cut material. One Illinois equipment manufacturer has 550 pieces of very heavy equipment on one major dam project which has been in construction for several years.
While current operating mines are unlikely to close due to these shortages, it does mean new projects are slowed down prior to start-up and those new very large projects requiring exceedingly large capital outlays prior to any returns sit on the shelf for now. Nickel miners and their analysts see no balance between supply and demand for another four years. Nickel has been $35,000 a ton recently and slightly less than that in December, 2006.
Mineweb reported, “The study by the Minerals Industry National Skills Shortage Strategy (NSSS) Working Party, Staffing the Supercycle: Labour Force Outlook in the Mineral Sector, 2005-2015, predicts that Australia’s mining industry will have to find an extra 70,000 workers to meet labor demands.” (Emphasis Editor).
Midwestern Workers Hired for Western USA and Canada Projects
In my state of Michigan which been severely wracked by auto industry lay-offs along with their suppliers, mining recruiters have visited multiple times for mass hiring seminars. In their first visit, oil companies hired over 750 skilled trades Michigan workers at $28 per hour to start. This worked successfully and they returned a second time for another 700-800 people. A spokesperson for the companies mentioned they are returning for another hiring wave next spring. Most of these folks are moving to gas and oil projects in Wyoming. One worker remarked he was on his new job and working one week after being hired in Michigan.
We have noticed more women working as geologists for all kinds of mining companies. This makes sense as they are found in more dominant numbers in those colleges and universities teaching in these fields. In our view, high schools have been doing a less effective job in preparing youngsters for higher education. Companies in America are complaining they must teach new hires things they should have learned long ago in either high school or college. As new worker demands rise for the mining industry recruiters are looking everywhere. They are finding good people in Asia, Eastern Europe, and South America as well as from Canada and the United States.
Mining companies are accustomed to great adversity in a very tough business. One of the presenters at the New York Gold Conference mentioned his job is an on-going dilemma of solving one major problem after another. In other corporate arenas, problems crop-up too, but not with the seeming regularity and difficulty seen in mining.
All Costs per Ton Rising Quickly
Collectively, all of these labor, facilities and supplier shocks are creating a higher cost per ton to mine gold and silver as well as other strategic market materials. The lowest price per ton we’ve seen in a large operating gold mine was $80-$85 per ton. For the most part, gold miners are now paying in the vicinity of $185 to $285 per ton with a few paying even more. With gold sales prices rising over $600 an ounce and staying in a prolonged bullish mode, costs are still not a great impediment. However, we have seen these higher expenses hit profitability to a higher degree in 2005-2006 than in 2004. In 2004 and earlier in the gold and silver bull those cost strains had not arrived. Today, these things are serious questions and mining companies must address them or fall behind competitively.
We did see one very bright star presenter at the conference running their mine with a negative gold mining cost per ton as by-product material sales were paying all the bills plus some extra. This is a very unusual and happy event for any mining operator.
Energy costs are serious with rising crude oil, diesel, gasoline, propane and natural gas increases. One big miner is building a brand new $250,000,000 electricity plant to power its mines in Nevada. This new power plant is expected to reduce operations expenses by $25 per ton of material mined. That is impressive cost savings. We think they might be able to offset more of this cost by selling extra power to nearby mining competitors. The same company has shut down or curtailed an African gold mine as drought created low river water levels impeding hydro electricity production. Meanwhile, they must add very expensive power from diesel generators costing five times as much for needed electricity. Nobody ever said mining is an easy business.
A simple mining operation like one we know of in Mexico has almost everything needed to run production right on the property. This silver mine has electric grid lines and roads to the mine site and plenty of water available on their land. Probably best of all, they have little or no overburden to remove and are running this new and very profitable business like a smallish landscaping contractor. There are minimal crews and machines on-site. Material is scooped up, loaded on trucks, and hauled to a nearby crusher. They then truck concentrate to a nearby smelter. This is admittedly about as simple and as good as it gets requiring much less in capital costs to begin and sustain operations. Most of these businesses are not nearly so fortunate. High ore values play a large part in this success story.
We saw a southern Nevada gold mine previously operated in a similar fashion. This one even had rail lines running through their property. For awhile this little mine had been obtaining 50,000 ounces of gold per year with a crew of five using three machines. These little companies will never make the large stock market hit parade but they can show some intriguing numbers on a small scale.
In Summary
We forecast mining expenses will increase almost exponentially due to labor, fuel and inflation driven costs in supplies, machinery and parts. More than ever prospective gold and silver shareholders should pay close attention to those production costs per ton shown in quarterly and annual reports. These higher operating expenses can hit the bottom line very hard. Examine the company forecasts for cost increases in future years shown by mining budgets. These factors are more important during the next three years versus the last five years.
Higher mining expenses will not close most current mining operations but unless reserve ore quality reasonably matches proposed higher operations budgets, some mines could produce at lower production levels or be closed as being net losers. An example is the gas wells damaged or destroyed by the Katrina Hurricane in the Gulf of Mexico. Those smaller lower producing gas wells were permanently closed as being cost ineffective. Repairs and new money to re-open were not justified to make a decent profit. That storm closed 25% of all wells in the region. They will never re-open unless gas prices move to some incredibly high price in the future.
In our view, gold and silver have a long way to travel both in price and in time. Rising inflation will tighten pro-formas and exploration budgets demanding precious metals miners watch those higher costs like a hawk. Gold and silver traders should pay attention to these increasing operations costs as they directly affect profits and share results. Meanwhile gold and silver mining becomes more expensive creating higher per ounce sales values with these premium and rare commodities. -Traderrog
Roger Wiegand is Editor of Trader Tracks recommending trades for gold, silver and energy markets using futures, commodities, stocks and options.
Year-end tax loss selling appears to have the stock by the ying-yang. Maybe a strong bounce will come after people finish with the need to balance out for Uncle Sam.
It means that IDS is the distributor of low end smoke alarms and intrusion alarms and control panels for Pakistan. Note that DSC (a smaller segment of Tyco Safety Products, which is a division of Tyco Fire & Security) specializes in home and small business systems.
You might also note that nowhere does the site mention HLS. HLS seems to be more or less non-existent as a verifiable player of size anywhere.
If you look at other distributors of DSC products, you will probably notice that they usually only carry the DSC line as one of many electronic lines of equipment as DSC lines of equipment in and of themselves would likely not carry a company to high profitability status.
In short, IDS is more or less a local fire and smoke alarm distibutor in a third world country. In my opinion, the entire franchise might be worth a million dollars if some idiot was looking for tax write-offs.
Why increasing production at smaller mining operations is no piece of cake. Not many junior miners able to bear the costs.
Opening up new mining operations or maintaining old ones not a mere walk in the park. Costs of everything from labor to tires for equipment vaulting higher.
http://www.kitco.com/ind/Wiegand/dec152006.html
Miners Concerned with Labor, Facilities, Supplies Costs
By Roger Wiegand
December 15, 2006
www.tradertracks.com
“Most of the precious and base metal mining world has been focused on stocks, capital, and reserves. However, if you can’t physically mine and deliver the ore, the business is stopped cold. Labor costs are skyrocketing and all kinds of new and replacement equipment and parts are harder to find. Utility costs are very expensive and becoming more so.”-Traderrog
We had the pleasure of listening to top gold mining executives at a fund manager- analyst conference this week in New York. Miners are struggling to find more experienced talent, equipment, replacement parts and utilities. Fully funded projects are moving slower or are out-right stalled as mandatory components of mining operations become difficult to obtain or are simply not available for now.
Global gold production for 2007 has been forecast as smaller than in 2006 as miners chew through reserves. They are diligently working to complete new mine developments or add additional phasing on existing ones. However, while new ore reserve needs are a constant on-going battle we noticed other problems have recently surfaced. Gold conference executives explained what they are facing today.
Five Ton Tires in Woefully Short Supply
Those monster tires on open pit mining trucks are under-supplied throughout the world as production capacity is way behind field demand. Remember, we are in the early stages of a longer term mining bull market for both base and precious metals. Mines operate with both underground and open pit production. Open pit is usually less costly and if possible is the preferred method of ore extraction. Open pit operations do, however, require several large off-road monster trucks capable of hauling 400 tons of material in one load.
The mining industry is enjoying a veritable boom world-wide and manufacturers of heavy mining equipment are backlogged with orders. Critical machinery or vehicle parts are in tighter supply. Everything is more expensive and those huge tires are most scarce of all. Larger open pit operations use 400 ton trucks with tires weighing 10,000 pounds apiece. They cost $35,000 each and the really bad news is they wear out in six months. Considering production schedules and quotas, miners run the trucks 24/7 except for maintenance down-time. Used tires are being refurbished to continue operations and tires are being moved from one truck to another more than ever in efforts to keep them running.
Since tire suppliers are building product at full capacity, and supplies are way behind needs, mine operators use every creative idea possible to extend tire wear. They regularly smooth truck roads to increase tire life and mine repair departments are sharing tires among active mining operations. Some of these trucks drive themselves with computers having no drivers in the cabs. The entire purpose is to keep trucks moving and productive.
Tire manufacturers are building all they can but must make do with facilities designed years ago when demand was considerably lower. A new tire factory is being built in Brazil but supply managers are expecting a tire shortage for at least another two years. Operators are pillaging tires from unsold, stored equipment in dealer yards and some new mining trucks are being delivered with no tires provided. Expectations call for installing new or used tires when they become available. Also, miners immediately remove tires from trucks in for maintenance re-installing them on other trucks to continue non-stop production. The whole process reminds us of formula race cars making pit stops for fuel and new tires. Rubber prices are up 17% this year in Japan. New mining truck prices are up 25% this year and orders demand payment in the front. Deliveries are now quoted 18 months from date of order.
Skilled Trades and Certain Executives Difficult to Find
We heard this week mining welders in Nevada earn $60 per hour and demand 60 hours of work per week. Further, the quality of their work is slipping. Most all geologists are working, but shortages are difficult and newly minted graduates move up the promotion ladder faster than normal. The previous 20 year dry period in the mining industry eliminated one entire generation of trained geologists. Now the most experienced are in their late 50’s or older and are nearing retirement. Similar problems exist for field engineers and other highly skilled mine workers.
Experienced technical field people are in sharp demand and certain oil sands projects, fully funded are being shelved due to labor shortages. Alberta oil field workers are coming into the region from all over the world. Surprising to us, one executive presenter at the conference mentioned they are using qualified gold mining workers from Peru in Nevada and Africa on their various projects. It seems Peruvians are hard working efficient mining employees.
Most of the world’s largest mining machines are built in Illinois or Wisconsin with several parts suppliers working in the same regions. The other manufacturing location is in Europe. New mining equipment sales exceeded $3 Billion for 2005 and are likely to increase by a substantial amount in 2006-2008. Several analysts indicate the peak for mining industry suppliers is not visible as yet.
China has been buying everything they can find both new and used. Their coal industry alone accounts for large equipment orders. Some super-sized pit shovel orders have been delayed as they cannot get tires for the new pit trucks hauling cut material. One Illinois equipment manufacturer has 550 pieces of very heavy equipment on one major dam project which has been in construction for several years.
While current operating mines are unlikely to close due to these shortages, it does mean new projects are slowed down prior to start-up and those new very large projects requiring exceedingly large capital outlays prior to any returns sit on the shelf for now. Nickel miners and their analysts see no balance between supply and demand for another four years. Nickel has been $35,000 a ton recently and slightly less than that in December, 2006.
Mineweb reported, “The study by the Minerals Industry National Skills Shortage Strategy (NSSS) Working Party, Staffing the Supercycle: Labour Force Outlook in the Mineral Sector, 2005-2015, predicts that Australia’s mining industry will have to find an extra 70,000 workers to meet labor demands.” (Emphasis Editor).
Midwestern Workers Hired for Western USA and Canada Projects
In my state of Michigan which been severely wracked by auto industry lay-offs along with their suppliers, mining recruiters have visited multiple times for mass hiring seminars. In their first visit, oil companies hired over 750 skilled trades Michigan workers at $28 per hour to start. This worked successfully and they returned a second time for another 700-800 people. A spokesperson for the companies mentioned they are returning for another hiring wave next spring. Most of these folks are moving to gas and oil projects in Wyoming. One worker remarked he was on his new job and working one week after being hired in Michigan.
We have noticed more women working as geologists for all kinds of mining companies. This makes sense as they are found in more dominant numbers in those colleges and universities teaching in these fields. In our view, high schools have been doing a less effective job in preparing youngsters for higher education. Companies in America are complaining they must teach new hires things they should have learned long ago in either high school or college. As new worker demands rise for the mining industry recruiters are looking everywhere. They are finding good people in Asia, Eastern Europe, and South America as well as from Canada and the United States.
Mining companies are accustomed to great adversity in a very tough business. One of the presenters at the New York Gold Conference mentioned his job is an on-going dilemma of solving one major problem after another. In other corporate arenas, problems crop-up too, but not with the seeming regularity and difficulty seen in mining.
All Costs per Ton Rising Quickly
Collectively, all of these labor, facilities and supplier shocks are creating a higher cost per ton to mine gold and silver as well as other strategic market materials. The lowest price per ton we’ve seen in a large operating gold mine was $80-$85 per ton. For the most part, gold miners are now paying in the vicinity of $185 to $285 per ton with a few paying even more. With gold sales prices rising over $600 an ounce and staying in a prolonged bullish mode, costs are still not a great impediment. However, we have seen these higher expenses hit profitability to a higher degree in 2005-2006 than in 2004. In 2004 and earlier in the gold and silver bull those cost strains had not arrived. Today, these things are serious questions and mining companies must address them or fall behind competitively.
We did see one very bright star presenter at the conference running their mine with a negative gold mining cost per ton as by-product material sales were paying all the bills plus some extra. This is a very unusual and happy event for any mining operator.
Energy costs are serious with rising crude oil, diesel, gasoline, propane and natural gas increases. One big miner is building a brand new $250,000,000 electricity plant to power its mines in Nevada. This new power plant is expected to reduce operations expenses by $25 per ton of material mined. That is impressive cost savings. We think they might be able to offset more of this cost by selling extra power to nearby mining competitors. The same company has shut down or curtailed an African gold mine as drought created low river water levels impeding hydro electricity production. Meanwhile, they must add very expensive power from diesel generators costing five times as much for needed electricity. Nobody ever said mining is an easy business.
A simple mining operation like one we know of in Mexico has almost everything needed to run production right on the property. This silver mine has electric grid lines and roads to the mine site and plenty of water available on their land. Probably best of all, they have little or no overburden to remove and are running this new and very profitable business like a smallish landscaping contractor. There are minimal crews and machines on-site. Material is scooped up, loaded on trucks, and hauled to a nearby crusher. They then truck concentrate to a nearby smelter. This is admittedly about as simple and as good as it gets requiring much less in capital costs to begin and sustain operations. Most of these businesses are not nearly so fortunate. High ore values play a large part in this success story.
We saw a southern Nevada gold mine previously operated in a similar fashion. This one even had rail lines running through their property. For awhile this little mine had been obtaining 50,000 ounces of gold per year with a crew of five using three machines. These little companies will never make the large stock market hit parade but they can show some intriguing numbers on a small scale.
In Summary
We forecast mining expenses will increase almost exponentially due to labor, fuel and inflation driven costs in supplies, machinery and parts. More than ever prospective gold and silver shareholders should pay close attention to those production costs per ton shown in quarterly and annual reports. These higher operating expenses can hit the bottom line very hard. Examine the company forecasts for cost increases in future years shown by mining budgets. These factors are more important during the next three years versus the last five years.
Higher mining expenses will not close most current mining operations but unless reserve ore quality reasonably matches proposed higher operations budgets, some mines could produce at lower production levels or be closed as being net losers. An example is the gas wells damaged or destroyed by the Katrina Hurricane in the Gulf of Mexico. Those smaller lower producing gas wells were permanently closed as being cost ineffective. Repairs and new money to re-open were not justified to make a decent profit. That storm closed 25% of all wells in the region. They will never re-open unless gas prices move to some incredibly high price in the future.
In our view, gold and silver have a long way to travel both in price and in time. Rising inflation will tighten pro-formas and exploration budgets demanding precious metals miners watch those higher costs like a hawk. Gold and silver traders should pay attention to these increasing operations costs as they directly affect profits and share results. Meanwhile gold and silver mining becomes more expensive creating higher per ounce sales values with these premium and rare commodities. -Traderrog
Roger Wiegand is Editor of Trader Tracks recommending trades for gold, silver and energy markets using futures, commodities, stocks and options.
You had best keep in mind the huge dilution which is taking place here. The transfer agent remains gagged and stackedcash over on HSM told everyone about a month ago that the outstanding shares count was up to at least 70 million at that point.
There is no way to know how many shares FatboyDowns has unloaded into the float through offshore insider sales programs either.
underhandedvalueDowns is pumping like crazy lately. This is while the stock gets smashed. My opinion is that there is big insider dumping taking place and it could be to get out while the getting is good. Today's selling was big blocks and not led by retail MMs.
The SEC may have gone from inquiry stage to full blown investigation for all we know.
This is brutal dumping. Only someone with a very large position could be putting in such huge sell side prints. I'll bet his name is Fatrick.
My sixty cent prediction is happening even faster than I thought it would. This could be headed for .35
Let's just hope the fat glutton hasn't already skipped the country like VSlick claims he has. This is one case where I would like to get to see a film of the perp walk as they take that disgusting con man into custody.
FOX news and the Orlando Sentinel should cover the event.
60 cents or lower this time. The technicals look horrid.
It seems one of the HSM longs is saying IDWD's Fatboy Downs has fled the country and now has a mansion in Dubai. Check out the posts on the IDWD board. I can't believe they let him get away with the goodies.
No one will ever be able to claim they were not warned. Many of us have been issuing words of caution here for over a year now. Pumpers like jag, 4cash and jmh were trying to appeal to people's greed. Downs is the big winner. He has the cash and everyone else has the experience of being burned by a con artist huckster.
Here is some information on Vista compatible biometric flash drives. Downs lied and claimed HLS had the only one on the market. It seems there are many on the market and the HLS drive is an overpriced piece of crap.
According to one article (last link) there will soon be 64 gig flash drives on the market. The prices on Vista compatible biometric flash drives are already crashing. The drives feature all levels of encryption. From 128 up to 400+
http://www.iqbio.com/en_us/content/clipbiopro.htm
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9004433
http://www.windowsmarketplace.com/details.aspx?view=info&itemid=2016496
http://www.mymemory.co.uk/USB-Flash-Drives
http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=2224133&CatId=903
http://www.techworld.com/storage/features/index.cfm?featureid=2772&pagtype=all
http://www.iskenderiye.com/wordpress/?p=9208
http://blogcritics.org/archives/2006/11/21/095046.php
http://www.krunker.com/index.php?cat=13
"Oh yes - one more USB flash drive from EDGE Tech Corp today - this time it’s got the biometric security slant to it. The new drive is called the DiskGO Biometric Flash Drive and it uses the latest in fingerprint biometric technology to ensure your data is safe and secure. The drive includes an integrated fingerprint biometric reader that is normally covered by a sliding door.
When you slide the DiskGO Biometric Flash drive into your computer, a software wizard application will ask you to swipe your fingerprint on the reader thereby verifying your identity before allowing you access to the data.
The drive comes with Biometric recognition software, password storage, and 192 bit TES encryption. It’s available in 1GB, 2GB, and 4GB capacities which sell for $69.95, $99.95, and $149.95 respectively. The drive measures 3″ x 0.75″ x 0.25″ and weighs only 0.02 lbs.
[Check it out]
(more…)
Technorati Tags: EDGE Tech Corp, DiskGO Biometric Flash Drive, USB Flash"
http://news.thomasnet.com/fullstory/489121
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9002563
FatrickDowns fled the country with money from stock sales? Here is more from the formerly stalwart IDWD HSM long.
Today, 02:25 PM #1365
vslick
HSM Regular
Join Date: Apr 2006
Posts: 266 credabillity
--------------------------------------------------------------------------------
IDS has lost all credabillity if they ever had any in the first place.This has all been stock manipulation.The buy-out will never happen.Why spend all that money on a company that is only a shell with no assets.How does downsie like his new mansion in Dabai?