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I think War Eagle Mountain will go down as one of the richest ore deposits ever to come out of the US or possibly the world. I have been bullish for over a year.
1st post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41267413
February 25th post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47098870
Bizarre day today
Huge selling for no reason I can come up with.
Why is GHDC undervalued to SFMI
SFMI is 38 cents
We get 15% of all future net earnings
6.6 times 4.5 = 29.7
This is not including the million a year payment.
Our current market cap is 8.1 million once lease payments start from smelter revenue.
We are trading at an 8 PE just on lease payments minus operating expenses. Lets say 500K in operating expenses yearly.
A 16 PE and the 15% net smelter is the upside.
One last thing. I like my money where management has their money.
Less likely to get screwed over some how.
Maybe we will be adding other properties to the portfolio?
From their website:
GoldCorp Holdings, Co. is an exploration and development company specializing in Gold and Silver mining properties in North America. GoldCorp Holdings, Co. is known within the mining industry as a shrewd negotiator and a collector of only the most premier properties available.
Properties acquired by GoldCorp Holdings, Co. must have proven remaining reserves with evidence of previous rich strikes and once-strong production. In addition, all properties acquired by GoldCorp Holdings, Co. must be situated near existing mining operations and infrastructure owned by strong industry leaders.
The Company acquires mineral properties with the intent to consolidate scattered land holdings into a solid portfolio with the intent to then develop the properties to full –scale mining with established industry leaders as partners.
My thoughts on our JV
It is my understanding our two properties jointly combined are very rich in gold and copper deposits. That has not changed. With Gold trading at an all time high. This only makes our deal that much sweeter for our JV partners. We are in the drivers seat on this one. JJ seams like a tough negotiator and knows what these two properties are worth. Both Boards I have heard are putting a lot of pressure to close on a deal. They have been in this thing way longer then they ever expected. I am optimistic. With numerous offers being given, I feel its only a matter of time. With current gold prices breaking out I think soon.
See you all in Vegas. Hopefully sooner the later.
I think the volume and share price over the last few weeks are a good indication that this will be finished.
Fingers crossed of course.
The downside is 3 1/2 cents at the very worst. Upside at very least 10 cents initially. I think with short covering 25 to 50 cents. Long term 1 dollar or more.
Good risk reward ratio when you think it looks like it will get done.
Happy with update
This below says it all. Just sit back and relax.
A: As your President/CEO, I must caution that I cannot disclose any aspect of our JVA negotiations that might violate the various Non-Disclosure Agreements with parties. At present, I can report that all interested parties are working through the issues, in total harmony, to conclude the best possible Joint Venture Agreement. When the JVA is finally completed the results will be published on the both the official Medinah company and Pink Sheets websites.
Silver as well
http://barchart.com/opinions/SLV
Silver as well
http://barchart.com/opinions/SLV
Silver as well
http://barchart.com/opinions/SLV
Gold Prices Technicals 100% Buy for all periods
http://barchart.com/opinions/GCM0
Gold Prices Technicals 100% Buy for all periods
http://barchart.com/opinions/GCM0
Gold Prices Technicals 100% Buy for all periods
http://barchart.com/opinions/GCM0
I think their is still a very large short position. I am not selling until a squeeze. I think we will see 50 cents over the next 3 monts or more.
Medinah Minerals traditionaly likes to put its news out after the Market closes. This is what Les Price told me in the past. With him not formally management and a major involved who knows.
A simple way to know which stock is over or under priced.
Based on further research CDCH should trade at twice the price of MDMN to be parity. I think both are under priced for how close we are and the potential ahead. If MDMN is .035 cents then CDCH should be 7 cents. If MDMN is 1.00 dollar then CDCH should be 2 dollars.
Cerro traditionally trades between 5 to 7 cents
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=cdch
MDMN trades traditionally under 2 cents
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=mdmn
28 22 split I am right.
Cerro traditionally trades between 5 to 7 cents
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=cdch
MDMN trades traditionally under 2 cents
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=mdmn
Charts don't lie
I disagree The land holding are as follows.
Juan approximately 50%
28% Approx. MDMN
22% Approx. CDCH
If I am mistaken I appologize. But I do not think so since I talked to a lot of people to get a correct answer.
That is what I have bee told by numerous people.
Call Less and CDCH board if you think it is different.
Cerro Dorado very under valued to Medinah Minerals
Medinah has 659,720,090 shares oustanding
Market cap of Medinah at .029 cents is 19,131,882 dollars
Cerro Dorado has 194,391,506 shares outstanding
Market cap of Cerro Dorado at .04 is 7,775,560 dollars
Medinah has approximately 28% of the land holdings in Chile
Cero Dorado has 22% of the land holdings in Chile.
That means Medinah has 23% more in land holdings overall.
With that said if you take Medinah Minerals land holdings and times by .77 you should get the proper market cap if they were trading in parity on this current joint venture in Chile based on Medinah's current Market cap.
Cerro Dorado's market cap shoud be 14,731,549 dollars
That means we should be at 8 cents if these 2 trade in parity.
I know Medinah has a side project. I am not sure what value that has currently to company. I assume it is small compared to the joint venture we hope to get in Chile.
Medinah definately has a tighter spread and more liquidity.
Once we finalize the deal it won't matter anymore.
Medinah has many more common shareholders. I remembering hearing numbers of 6,000 plus shareholders. Cero Dorado from my understanding has less then 500 if I remember it right. I personally believe with the smaller float and tighter hands the upside will be just as goood if not better for Cerro on any announcement.
Cerro Dorado very under valued to Medinah Minerals
Medinah has 659,720,090 shares oustanding
Market cap of Medinah at .029 cents is 19,131,882 dollars
Cerro Dorado has 194,391,506 shares outstanding
Market cap of Cerro Dorado at .04 is 7,775,560 dollars
Medinah has approximately 28% of the land holdings in Chile
Cero Dorado has 22% of the land holdings in Chile.
That means Medinah has 23% more in land holdings overall.
With that said if you take Medinah Minerals land holdings and times by .77 you should get the proper market cap if they were trading in parity on this current joint venture in Chile based on Medinah's current Market cap.
Cerro Dorado's market cap shoud be 14,731,549 dollars
That means we should be at 8 cents if these 2 trade in parity.
I know Medinah has a side project. I am not sure what value that has currently to company. I assume it is small compared to the joint venture we hope to get in Chile.
Medinah definately has a tighter spread and more liquidity.
Once we finalize the deal it won't matter anymore.
Medinah has many more common shareholders. I remembering hearing numbers of 6,000 plus shareholders. Cero Dorado from my understanding has less then 500 if I remember it right. I personally believe with the smaller float and tighter hands the upside will be just as goood if not better for Cerro on any announcement.
Barchart opinion on SFMI
Very strong buy.
http://barchart.com/snapopinion/SFMI
Be patient everyone.
We are starting production on the 19th.
In a few weeks we will be sending our results to the smelter of our tailings. I am expecting good results. Thats when we really will be off to the races. I think 25 cents short term, in a few months 50 cents. The long term I can see this stock getting taken out at multiple dollars. I have been long since 2 cents and will remain that way. I might sell in a large short squeeze. I personally think they are doing everything to hold this back. The stock went up today on high volume with sell volume of 4.2 million shares and buy volume of 1.2 million shares. I think they are still shorting to hold this thing down. Painting the tape at 8 cents at the close for 1000 shares shows how desperate they are.
Trades
http://ih.advfn.com/p.php?pid=trades&cb=1270622704&symbol=SFMI&java_vm=sun&java_vm_ver=1.6.0_13
Rich must have busy today.
His other mining stock Scorpio broke out as well on high volume.
http://finance.yahoo.com/echarts?s=SPM.TO#chart1:symbol=spm.to;range=5d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
In regards to the Andrew Magurie audio interview on the precious metals market manipulation posted by DCBass.
I thought the interview was excellent. I have been listening to Eric King for about 9 months now.
I look forward every week to his interviews. He is very bright and interviews the brightest people in the business. Most interviews are done on Saturdays. Ussually 3.
I enjoy all the interviews. My favorites as of recent are Eric Sprott March 27, Judge Andrew Napolitano, Mike "Mish Shedlock", Harryu Markopolos to name a few.
http://www.kingworldnews.com/kingworldnews/Broadcast/Archive.html
What about the very sad grammar of Jose updates. I can't believe someone does not clean those up before posting. Pathetic if you ask me.
Thanks. But its a fact they erased many posts that were excellent on rallying people as shareholders to act as a unit when the time comes to get out the word on a very possible naked short squeeze is in the making.
Why did I read today on Miningplay that naked shorting is off discussion. That we have to go to some IHub board to discuss it. It is my strong understanding from talking with Management in the past and very knowledgeable shareholders that NDMN and CDCH both have large short positions. Every time I posted naked shorting info related to these two companies on miningplay they would erase it. I could not even log on at one point. They would ignore my e-mails on what was my password. I don't trust the moderators on mining play based on past experience.
The trading activity on CDCH using IHUB info is highly suspicious.
540,000 shares bought approximately
139,000 shares sold approx.
The stock falls back to .025 on ask. How is this possible. 5 times as much buying and stock falls at end of day. My purchase of 16,000 shares at .025 is listed as a sell. Something stinks. Pull the data yourself before monday and see for yourself.
I have been reading the following weekly report on Gold and silver for over a year now. It is excellent. You can get on their e-mail list. It compiles all the smartest commentary on the world wide economy,central bank activity related to precious metals. It brings togather the smartest people in the precious metals writers under one consolidated report. I can't recomend it enough. Scroll to the bottom and you will see newest report.
http://www.milesfranklin.com/m_85.asp
Call Rick Kaiser if any questions are needed. 800-631-8127 I have known Rich for a couple of years and find him to be very bright. He also represents Scorpio Mining which trades on the Toronto. I own Scorpio as well. He definately has a good understanding of the mining business as well as compliance issues.
I met up with him at the PDAC show in Toronto last year. I am going again. It is the largers Mining conferance in North America. Excellent show. SFMI is my largest mining stock holding. Iam expecting much higher prices over the next few weeks. I will buy on any signigant dips.
http://www.pdac.ca/pdac/conv/index.html
Mostly all buys today. I expect another good up day tomorrow.
If we all hold out, it will be much more difficult for the shorts to cover.
A board I created in past on Naked shorting
This board is designed to educate people about naked shorting.
It will be primarily designed to inform people on the wide spread abuse it has upon our financial markets.
"A fundamental issue of concern within the industry has been that disclosing current fails data on a stock would reveal position information and could be used to manipulate the market," said Larry Thompson, DTCC's general counsel, in a Sept. 27 letter.
They do not want to release Failure to deliver numbers because it might hurt the criminals. Thats so kind of them
An excellent 1 hour slide presentation that does an excellent job of explaining what a pervasive problem it is.
http://www.businessjive.com/nss/darkside.html
Excellent 1/2 Hour video done buy Bloomberg TV on Naked shorting
Part 1
Great run in stock today. More then 3 times the average daily volume of yesterday.
I have heard a big short is in this stock. 40 million shares possibly. Its a tough number to figure out but that is the guesstimate I have heard. Lets hope this volume is the beginning of short covering. I think when we get uplisted on the Over the Counter, and start production in hopefully a week or two we will most likey trade over 10 cents. Fundamentally I think we will trade 25 cents or higher in a few months. The long term picture is to shore up reserves in War eagle and trade 1 dollar plus.
I look forward to meeting some of the longs at our Annual Shareholders meeting in Idaho which should happen this summer.
I picked up more today. As price goes up in gold. It is pure profit to company. I think they will be in production by end of month. Everything for this company these last few months has been lining up very well. I think the new property yhey aquired was a big win.
My best guess is we are in a Short Squeeze cover.
I would not be surprised to see 14 cents tomorrow.
Look at this stock 5 cents to 15 dollars Year low was a penny
http://finance.yahoo.com/q/bc?s=VRMLQ.PK&t=3m
Good announcement today
I e-mailed Rich about the SEC charges against Merl in 2002
http://www.sec.gov/litigation/litreleases/lr17328.htm
His Response:
It was a long time ago, and it was view as no contest. The CFO at the time Frank, left the country with 5M dollars. As of this date, he is still wanted for felony and civil charges.
Becaues the board and officers where indirectly involved, the SEC went after them. Upon negotiation and payments from the insurance for DO insurance. Merle paid off the SEC civil penality. The cost of trying to fight the sec was not an option since the insurance company found the board/officer except frank not to be a fault. Thus, the settled with the SEC.
Nothing criminal was done by merle, I know for a fact because I had to testify my knowledge to the SEC/
Rich
I also spoke with him this morning and talked in detail about it. I am not worried about this anymore..
Thanks for posting e-mail from Rich Docker.
I have spent a lot of time researching this company and staying up with all the press releases. I think the chart is awesome. Slow and steady. Very few sellers. Definately some accumulators. I took my position at 10 cents and will not sell any more. I took enough off the table to protect most of my down side. My core position will remain. Any postive news developments and I see this thing right to a quarter and the a building process to 50 cents. If all their divisions fall in place I see this stock achieving well beyond a dollar.
I have met a couple of Texcom shareholder that private e-mailed me to talk about the company. Both people I found to be really nice and smart. I must say this is my favorite holding. Its nice to finally own a pink that is not being naked shorted.
My other favorites are SFMI,MDMN,EREI,HTM, fot those interested.
I just spoke with Rich.
He will get back to me when he gets more info on Rainbow foods.
I plan on visiting the New Jersey office as soon as he gets me a physical address.
The stock looks like its poised to explode to the upside based on technicals. Good volume today.
If anyone on this board has decent knowledge on this company
feel free to private e-mail me your phone number and I will call you back. Its always good to compare notes.
I like this about the press release after hours.
Under the terms of the Agreement, Rainbow Foods agrees to oversee all procurement of products, assembly, warehousing, packing, storage and distribution of the Emergency Food Kits for the Department of Defense and for FEMA, named in the BOA ordering agreement, for Rastelli Global and contracted exclusively to Worldwide Food Services, Inc.
I am glad we are working with Rastelli, it legitamizes the company. I feel the emergency food kits is going to be a phenomenol business going forward. With so many countries currencies collapsing you can almost be certain of an economic collapse or at the very least a false flag operation. We also have 2012 coming up which is forcasted as great tumoil worldwide. I am glad that countries go to the trouble of having emergency food kits. I have not even mentioned natural disasters frow wars or nature.
I am sorry to seem gloomy but lets face it we are selling emergency food kits!
Does anyone know where all the selling is coming from?
Strange for the shorts to further short down hear at these prices? They must not feel trapped.