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Are my valuation calculations correct? 140 MM shares outstanding times .014 per share is roughly $2MM market cap. With machinery about to show up in Sierra Leone, production will increase 10x (per company PR) from 2 kg (66 oz) to 20 kg (660 oz) monthly, or almost 8,000 oz annually. With gold at $850 per oz, that is about $6.8 MM in revenue. With ridiculously low production costs in Africa, margins should be at least 50% and probably higher. That would be $3.4 MM in earnings. So the total current market cap is about 1/2 a single year's earnings?
If the equipment increases production even 5x current volume, this is an easy 10-bagger from here. I think I'll buy more.
Please let me know if I've erred.
So why do you think they put John Rolston on the PR? I don't get it.
Anyone else try to call the phone number that was on the last PR? It's a wrong number. This doesn't bode well for us.
More solid buys going on this morning. Once the news hits shortly that the new equipment has arrived in Sierra Leone, this will move up several pennies.
Why do folks on this board think this gold play is so undervalued? Is it lack of exposure?
I'm in with a few. Great story here.
UBSS back ready to dilute at .0013. That's it. I'm selling here above .001. That will be the last of my shares. Good luck to all.
This is getting ridiculous. Can't believe I'm still holding some of this. Gee, anyone else see a pattern? UBSS selling at .0015. UBSS selling at .0012. UBSS selling at .001. Today UBSS selling at .0008.
If he is selling tomorrow at .0007 or lower, I'll dump the rest because this is going to .0002 or .0001 and a reverse split. No one who leads a company and cares about his investors would dilute like this without end. Stock will likely bounce, but it will be a long hold to get there.
Dilution appears over. Time to nibble...
If anyone can't figure out that this is the final selloff of shares and we go up big from here, you shouldn't be trading.
Fasten seatbelts.
Double bottom officially in. Tomorrow will be a great day. This is final capitulation, not dilution. Diluter doesn't dump on the bid like this guy.
Great buying opp IMO.
yep. Ask slowly getting hit here. Uptick coming.
I think 1 or 2 million in flippers shares and then we fly. Bid building...
Looks like a few small flippers happy to take a .0005 gain. No big sellers.
Sure trading like dilution is complete. If a few more trades move ask up again, this is going to go fast!
Hard to believe I might get to load the boat again at .003! Weeeeeeeee!
Midday selloff over. Watch the bid build again.
And NITE is absorbing any selling at bid. Ask just upticked to .006 again. We still will see more movement upwards today IMO. Trend has officially changed.
Considering the MFI is about to move above 20 for the first time since April 24, I'd say we have LOTS of room to run. Can't remember last time I saw a stock this oversold, even considering Jared sold some shares into the market to grow the business. Nothing signalling a move backwards here at all. Only take a day or two to get back over a penny.
Way to much happening here to keep this under a penny, or 5 for that matter. A few flippers will slow us down, but it won't matter much.
Flippers won't matter now that we have momentum. Total volume to be flipped can't be much. Over 90% of volume traded the last 2 weeks was above .005. That is why I think we'll take a breather here at .005 to .006 for a bit and then move higher just before lunch time. All IMO.
Uptick!! Ask now .006. .005 is now strong support.
Uptick coming...
Wow upticking every 500k shares or so. That is a GREAT sign that everyone is holding.
And only 5 MM shares traded so far. NO sellers. This could be in the .0075 range today.
.005 was a resistance point but is about to become support. Bid at .0049 now means no one is trying to sell just below the .005 ask. That means Ask will move up again shortly. watch
Yep. MMs have to be a bit worried too, because I'm guessing they were hoping to load up a bit more in the .002s and .003s. Not a lot of shares down there other than flippers.
The run is just starting. Volume just picking up now as I type.
.005 getting nailed!
Bam! .005 hit! Up 42%. People are going to start noticing.
Ask now .005. Two MMs bidding .004
And no dumping into the PR. Good move by Jared to switch to morning PRs. Watch the bid build slowly.
Jared has this figured out. His products and strong sales team are opening big doors. Now that doors are open, he's establishing partnerships with companies with good products to add to his distribution model as well as sell his own products through his partners established distribution. In the world of retail, this is how you win.
This stock price will seem laughable in a few months.
Dang. Ask back up to .004 No sellers. Come on. Someone sell to me at .0035 then.
Anyone else waiting to buy at .003? I'm not getting filled, and now the ask is back up to .0035. Anyone want to sell to me at .0031? I'll move it up.
L2 and chart say we go back up here. But no guarantees.
MMs moving up quickly. Last chance to get in at these levels.
I heard Jared's van is being repossessed as we speak. You guys are a laugh. LOL
Just let me know when you guys buy so we can run this hard.
Don't buy here. Wait and then chase it up later today. I would appreciate it. LOL
Don't worry. When it starts printing above yesterdays close of .0035, buyers will step in. Only two MMs between here and .0065
Exactly...no brainer here
Yeah, but a penny from here is a triple. For those who got some at .002, it's a 5 bagger.
This will see a penny very shortly IMO. Selloff is way overdone. Jared won't sell down here. He's not that desperate for cash. Trust me.