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3 points to make on Maverick:
1. There are many oil and gas stocks trading at 2 - 4 cents with 100 - 200 thousand O/S, little to no income, and a loss in net profits ranging from $200,000 - $1,000,000 or more each quarter. It is pretty uncommon for a profitable oil and gas stock to be trading at this range with only 127.9 million O/S.
2. Big Foot is not their only source of income, they have many gas wells and leases in West Virginia. MKGP owns a 25% interest in those wells in West Virginia. The most recent 4 wells drilled in West Virginia last summer will together add $150,000 - $200,000 in annual revenue. Currently they are in the process of drilling 10 more wells with plans of even more. They have an option to increase there holding in BIG Foot to 25% by Jan 17th. Currently they report $1 million in revenue each quarter and if they more than double their holding in Big Foot with the option then revenue and profits should see a significant increase depending on how much of their current revenue and profits are made up from Big Foot.
3. I think MKGP has painted a very bright future in the coming weeks and months with many growth opportunities which include more gas wells in West Virginia, the current workover program taking place at BIG Foot on existing producing wells, and the drilling of some 200 new wells on a proven lease at Big Foot to begin soon. The financials should be out any day now before the end of the month. Assuming they again show growth and produce a profit, when you consider the stock to be forming a solid base, the stock should gain much more attention after the release of the financials. The stock should get another boost if they increase their holdings in Z2 and as the addition of other new wells come on line in both Texas and West Virginia.
The Option on Bigfoot will exercised when???
imho This should run to at least $0.30 next week. I know in pink land fundamentals don't normally apply... but if MKGP is valued to have a p/e ratio of 1.5 times its earnings growth (which is normal for an energy stock), then we should have a p/e of at least 54. At a p/e of 54, we should see a fair share prive of about $0.34/share!!!...
THE MATH
p/e = 36 * 1.5 = 54
MKGP earnings/yr = $201000/qtr * 4qtrs = $804,000/yr
o/s = 127,914,189 shares
EPS = $804,000/127,914,189 = $0.0063/share
Fair share price @ p/e 54 = $0.0063/share * 54 = $0.34/share
THAT'S A 748% INCREASE over our current price.
GO MKGP!!!
Heck, even if it trades at a p/e of 15, the share price should be $0.09/share.
My only concerns are 1)500,000,000 shares authorized... can anyone comment on that from a possible dilution standpoint? 2)Why isn't this on the OTCBB? If they are putting out financials with positive EPS, then what is the hold-up on uplisting? I am a noob, so I am sorry if the answers can be found elsewhere.
Why do they have increased the float???
Why do they have increased the credit???
Could it be that they have decided to increase the credit because they want not delute the stock for some good? reason?
The Drill Bits is a good idea to comunicate with all the shareholders.I was surprised about it thats the reason why Im back here on the board.But why do they dont pr all the progress to the public investment? Is the drill bits newsletter a newsletter which can everybody buy in the US?or does it come direct from the company?
The company has really promising numbers, I was surprised. But the question is how much oil can the bigfoot produce each day maximum? 550 seems to me a good start. And as more they pumping out as more the oil will be sooner empty. How much are the proven reserves???
Is there a time frame how long the production will continue with incrasing numbers??? You all know Dubai will be out of oil in around six years. I did some math today. Please let me know if I'm right.
550 BBL each day x 30 days = 16500 BBL each month x 80 $ each BBL
=1.320000 $ each month x 12month = 15.840000 $ each year.
That will mean that MKGP will be credit free around five years. After five years they are debt free. That means that all the oil (wich is sold)coming out of the hole must be repaid to LCC? I ask myself now why schould I invest in a company which is paying back all the credit cost with the oil within five years??? They earn money and must pay on the other side all the money back to LCC. And the risk I see here is what happens when the oil price goes back down to lets say 60$ BBL??? That means the payback time for the credit is longer. For me it looks like that the money goes from one hand to the other hand. Probably is that why nobody is interested in MKGP. On the first view it looks profitable but on the second view they have to pay alot of debt back to LCC. The only winner I can see here is the LCC.Please let me know your position about this all here. Probably I see all things totaly wrong.
As I mentioned the meeting is canceled. The buy out offer with 0,55 does not take place. Mark my words. Waste your money all in the black Aurus hole. I#m sure I#m right. See you all here again to check my announced resultats around December. The company looks only for best dumping prices. There is no proof of all the gold reserves. The company can write alot the blue from the sky.
I remind you this is a russia Company.
I would wait it out. The chance that the buy out will happen is 25:75. Wait for the next best price and then out. If you have not much invested wait until the end.
the AURC story will be soon finished by the SEC. Phone them and you will have all the answers. You only need to phone and ask for AURC. I predicting a halt for AURC within two month.Followed by a law s. You will all remind my words here.
Aurc is not the right place to be. But Dream your dreams lol
This are only informations with no proof.
You all here will remember me in one or at latest two month. The company is not interested in the shareholders and trying there best to vipe them cheap out. But go to the meeting but do not expect huge things. Probably the meeting will be canceled.
The buy out never will happen. AURC is trying to vipe out as much shareholders as possible. And the price will be falling. Mark my Words end of Nov.AURC will be down to 0,001. That is for sure.
AURC= SCAM Wake up!
173.12 million shares outstanding
NEWS OUT!!!!!!
Eldorado Exploration, Inc. (OTC: EDEX) operates as an oil and gas company. It owns an interest in an 11,300 acres lease in Roosevelt County, New Mexico. The company is based in Irvine, California. With 173.12 million shares outstanding and an undisclosed short position, the failure to deliver in shares of EDEX has not been resolved and a buy-in is possible.
Can anybody remember me? I told you the base ist not yet reached. It will go lower much lower. My prediction is between 0,005-0,003
I told you last year this is all crap here lol
wait untill everybodys shares are changed. Next week we are in subpenny again. lol Bye
QBID is still trading
lets say if Compyny doing a forward split lets say 1:100 lol
My investment droped from 7000 to 700US$ lol lol
I made a lot of money with QBID at 0,0001 .
OK people if we reach 5US$ my brake even is reched and I'm out here.lol lol
I own 70.000.000 millon of QBID shares what will be the new amount in CPPC?
Management brings this down to 0,0001 and doing another R/S
150million revenue in 2009 is a realy good joke.It will never happen. Sell now before you will loose everything here.
Ha Ha 150 million/65million out! When is the next RS?
This stock falls behind 0,01. Recommodation:Strong Sell
NO. ILike what I have heard today. I can sleep very calm with EDEX. Wait and see
And somthing for the EXPERTS here, I don't trust nobody here on the board because the real information is that I somthing realy know.
My friend in the US has more connections like any individual on this freaking bullshit board here. I'm full loaded 15.000€
I will be realy happy end of year. Thank's whom ever for this life time oppurtunity at this cheap prices. Oil is going more and more expensive and if EDEX hit alot of people jumping in. The day is soon coming when the ask is exploding.
My source told me EDEX will be end of year around 0,6. I'm loaded
and long
everybody has to do his own homwork before sombody decide to invest in a stock like EDEX. You can not blame Tome for all the faults, can you?
OIL is going to breake 80US$
OIL is limited in the US
Dollar is going down
One big hit and EDEX is going to the moon
re - registration GAME OVER for CMKX
I bought today 0.019 206450
I bought yesterday 493550
I got from a friend ( Harvard University USA ) the recommondation to buy Edex now. Mega news on the way, so he told me.
This is a realy good price he added
re - registration GAME OVER for CMKX
I bought today 0.019 206450
I bought yesterday 493550
I got from a friend ( Harvard University USA ) the recommondation to buy Edex now. Mega news on the way, so he told me.
EDEX = GAME OVER
Here's another heads up. I just opened todays mail and there's a card from Equi-Trend that reads "We have important information about your EDEX stock". I called the 800 number and talked to some guy. He said they had been retaind to "make people aware of this outstanding opportunity".
I asked him if he knew the backgouund of Laurance or Fowler and he said he had never heard of either one. Then I asked why they would pump a stock that they hadn't researched. That stopped him in his tracks so then he said.."well we have other GOOD plays".
Can you say P&D ?
dirty dog be sure there will be another all time low when Tom doesn't deliver a mega news. Only a mega news can move this stock back. And what makes you sure that the coming pr will be good?
I bet against it because I have my reson for this. But we will see who was right or wrong soon;)
Today it will probably fall under 0,01 to 0,005. My recommodation will be stay tuned for results.When results are not realy good it will drope. If the results are middle good it will move for long time on sidline between 0,01 and 0,005.
My recommodation for this stock is without realy good news: strong sell. If Edex can not present mega news: GAME OVER
Can anybody of you remember?;)
In reply to: Nervousnellie who wrote msg# 21749
Date:9/7/2007 3:02:03 PM
Post #of 21880
I would wait until Monday Tuesday to buy in here. The base is not yet clear.
If the awaited news is not out before Tuesday I bet we will see Edex under 0,01. Without news latest at Tuesday the base would probably be 0,005. Then it will not move deeper Yes I'm sure without news on Tuesday the base is 100% 0,005.
It will be difficult without realy good news to move up again to 0,1. You will never now. If the next pr is with strong results and future plans this will be a rocket.See you all here again around two years
Chin Chin
I would wait until Monday Tuesday to buy in here. The base is not yet clear.
If the awaited news is not out before Tuesday I bet we will see Edex under 0,01. Without news latest at Tuesday the base would probably be 0,005. Then it will not move deeper Yes I'm sure without news on Tuesday the base is 100% 0,005.
I have changed my course here not to buy in because the management ist not doing a good job for sharholders. Its the same
scenario here with all pinki co's.They care a shit since June 07.
It would not wounder me if this dropes under 0,00.The micro report is a bad company. The purpose was only to hype MKGP for a small time frame. MKGP would be better to go private.
Wish you all good luck here. I see for MKGP a bright future, but not for the shareholders.
Chin Chin
If EDEX dropes to 0,01 that means a 1000% drope from 0,1. What a serious Company.Now we have 750% drope. Hope what you want EDEX will never rebound without good news.I'm excited what the stock price will be next year?