Veteran, Very Conservative
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The only problem with a 15 billion reverse split even the lowest averaged down price you hold is not worth much after the split.
I can't believe people were still buying and holding that POS. Thats what people get for marrying a Pennystock. By the way, smitter is getting an updated A/S on CNEX today rumor has it the A/S is now 15 billion.
Thanks Penny, I have learned they are ALL POS you just have to get in and get out before you get caught up in the Bullshit.
I am still training, Blackjack is the easiest game to deal. Believe me when I tell you that Blackjack being the easiest to deal is still very difficult when your dealing the game.
Every PR is open ended, my view of that house of cards has not changed.
Oh yea, I fully expect to see a $1,00 before 2011 ends. As I have said to many folks, I am tired of chasing pennies and am looking for this kind of investment.
Canstar board link. This mine has been under litigation for several years, I have placed a link to my CanStar Resources below. The ruling is suppose to be out by years end then given a 30 day period for appeals of which I believe the other company is about out of appeals on this one. Thats why I say February, they plan on going to redrill as soon as possible and get this baby up and running.
To Our Shareholders,
The latest hearing on the Mary March property dispute between the Newfoundland And Labrador Mineral Recorder and Vinland Resources was held from November 30th to December 2nd.
The purpose of this hearing was to consider an appeal by Vinland filed on November 23rd, 2009 on a decision handed down by the Mineral Rights Adjudication Board on October 23rd, 2009 which had rejected Vinland's claim to the Mary March property.
Three days had been set aside for the hearing. Mr Jim Thistle, our legal counsel representing Canstar at the hearing, advises us that the hearing took just over 2 days to complete. A decision is expected by year end.
We would like to thank our shareholders who have supported us through this long drawn out dispute,especially those who have actively lobbied on our behalf with the government and media to raise the profile of this frivolous,long-standing dispute.
We are optimistic that the upcoming decision by the courts will be final and will allow us to resume comprehensive exploration on the Mary March property as soon as feasible in 2011.
We would also like to report that 4,000,000 share purchase warrants have been exercised at $.10 to add $400,000 to the treasury.
Thank you,
Harry J. Hodge, P.Eng,
Chairman.
Located in central Newfoundland, 20 km northeast of, and within the same geological group that hosts the former producing Buchans mine, discovery holes drilled by Phelps Dodge in 1999 and 2000 produced some of the highest grade base and precious metal intersections ever achieved in the area outside the Buchans mine.
Canstar has the option to earn from from Phelps Dodge Corp., a 50% interest in the Mary March zinc-lead-copper-silver-gold prospect in central Newfoundland. Canstar has first right-of-refusal to acquire the remaining 50% interest from Xstrata (formerly Noranda).
Discovery holes drilled by Phelps Dodge in 1999 and 2000 produced some of the highest grade base and precious metal intersections ever achieved in the area outside the Buchans mine. The Buchans mine produced 16.2 million tonnes averaging 14.50 per cent Zn, 7.56 per cent Pb, 1.33 per cent Cu, 126 grams per tonne (g/t) Ag and 1.37 g/t Au over its 56-year mine life. By comparison, the discovery holes drilled at Mary March by Phelps ran 10.33% Zn, 118.1g/t Ag, 1.62% Pb, 4.1 g/t Au, 0.66% Cu over 9.23 m; 16.8% Zn, 660 g/t Ag, 12.2 g/t Au, 5.44% Pb, 0.18% Cu over 0.91m; and 3.02% Zn, 1.08% Pb, 72.4 g/t Ag, 0.13% Cu, over 20.6m.
The Mary March dispute began in 2000, when a privately held Newfoundland company, Vinland Resources Limited, filed applications seeking Map Staking Licenses over the core Mary March discovery areas. The Mineral Claims Recorder (Newfoundland), on the basis of evidence that the lands in question had been privately held since 1905, rejected the applications, however, on December 20, 2000, Vinland filed a grievance with the Mineral Rights Adjudication Board, asking that the Mineral Claims Recorder's decision be overturned.
In a favourable decision to Canstar, the Supreme Court overturned the decision of the Mineral Rights Adjudication Board. Vinland filed notice of appeal in August 2006 and Phelps Dodge-Canstar responded with a cross-appeal asking that Vinland's claim be dismissed without a rehearing. Final summations began on May 25th, 2009 and a decision was expected to be rendered within 90 days thereafter. On August 19, 2009, the Board requested and was granted an extension of time and a decision is now expected by the end of October 2009.
On Friday Oct. 23rd, 2009 the Mineral Rights Adjudication Board of the Province of Newfoundland and Labrador unanimously rejected the grievance filed by Vinland Resources Limited. This grievance had been filed after the Mineral Claims Recorder for the Government of Newfoundland and Labrador refused to issue a licence to Vinland for lands in which Canstar Resources Limited holds rights. Vinland had claimed that the areas in question had been excluded from lands taken by the Anglo-Newfoundland Development Company Limited pursuant to legislation in 1905, and on that basis had been open for staking. In its 55 page ruling, the Board upheld the position taken by the Mineral Claims Recorder and Canstar Resources Ltd., following a careful review of the evidence it had heard.
Under the Mineral Act, an appeal on a point of law could be taken to the Trial Division of the Supreme Court of Newfoundland and Labrador, and Vinland did filed an appeal just prior to the November 23 deadline. The Canstar board of directors believes that the grounds for the appeal are erroneous and will confer with its legal counsel and the government with regard to further action by the Company. It is very important to note that the matter was previously considered by the Court of Appeal and the re-hearing by the Board followed the direction of that Court.
ADDITIONAL PROPERTIES
In April 2009, the Company acquired by staking, 100 % interest in mineral claims totaling 850 hectares adjoining its Mary March property. The new claims are located to the north and east of the property and may cover a portion of the eastward extension of the volcanic stratigraphy which hosts the high grade base and precious metals deposits. On February 23, 2010, the Company optioned the property to On-Strike Gold Inc., which can earn 50% interest in the claims by fulfilling the following considerations:
- Cash payments of $ 175,000 - $25,000 on signing agreement (paid), $50,000 on the first anniversary of the agreement, $100,000 on the second anniversary.
- 500,000 On-Strike shares (currently being issued).
- Exploration Expenditures - $100,000 in the first year, $250,000 in the second year, $500,000 in the third year.
On earning 50% interest, On-Strike will enter into a joint venture agreement with industry standard terms. The Directors feel that this agreement is very important for Canstar's exploration plans for this area. It provides for comprehensive exploration on these well located and highly prospective claims while allowing Canstar to focus on the Mary March property, pending the anticipated resolution of the property title dispute.
Share Structure
Market Value1 $3,325,187 a/o Dec 15, 2010
Shares Outstanding 190,010,713 a/o Nov 18, 2010
Float 90,010,713 a/o Nov 18, 2010
Authorized Shares 1,000,000,000 a/o Nov 18, 2010
Share structure looks good, is this going to be a R/M?
Share some details, noticed some bashing on the board can you give a little history. I'm taking my daughter to an early dinner, I'll be back after 10
I am hoping you have a much better day tomorrow.
Never thought I would lose so much, someone earlier said follow the money, if that means following posters on a board you might want to sit back and watch who you follow around before you lay your money on the table you could be buying the shares he is selling.
December 02, 2010
Chairman's Message
--------------------------------------------------------------------------------
To Our Shareholders,
The latest hearing on the Mary March property dispute between the Newfoundland And Labrador Mineral Recorder and Vinland Resources was held from November 30th to December 2nd.
The purpose of this hearing was to consider an appeal by Vinland filed on November 23rd, 2009 on a decision handed down by the Mineral Rights Adjudication Board on October 23rd, 2009 which had rejected Vinland's claim to the Mary March property.
Three days had been set aside for the hearing. Mr Jim Thistle, our legal counsel representing Canstar at the hearing, advises us that the hearing took just over 2 days to complete. A decision is expected by year end.
We would like to thank our shareholders who have supported us through this long drawn out dispute,especially those who have actively lobbied on our behalf with the government and media to raise the profile of this frivolous,long-standing dispute.
We are optimistic that the upcoming decision by the courts will be final and will allow us to resume comprehensive exploration on the Mary March property as soon as feasible in 2011.
We would also like to report that 4,000,000 share purchase warrants have been exercised at $.10 to add $400,000 to the treasury.
Thank you,
Harry J. Hodge, P.Eng,
Chairman.
Good morning wiseman, someone once said that if you want to learn how to trade pennystocks just invest $4000 and lose it. Thats about what happened to me. I had and investor ask me about 000 stock yesterday and the first thing I did was open the board and say that Admin Shelly had posted a warning the day before. That is the first clue, bashers are there and where there is smoke there is fire or there has been a fire.
AGNICO-EAGLE PROVIDES UPDATE ON ITS 2010 EXPLORATION PROGRAM; RECORD EXPLORATION BUDGET OF $145 MILLION FOR 2011 12/15/2010
Download this Press Release
Stock Symbol: AEM (NYSE and TSX)
(All amounts expressed in U.S. dollars unless otherwise noted)
TORONTO, Dec. 15 /CNW/ - Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") is pleased to provide an update on its 2010 exploration program and planned exploration activities for the coming year. Since its last exploration results news release on September 08, 2010, the Company has continued an aggressive exploration program at its mines and its new Meliadine mine project.
http://www.agnico-eagle.com/English/Investor-Centre/PressReleases/Details/2010/AGNICO-EAGLE-PROVIDES-UPDATE-ON-ITS-2010-EXPLORATION-PROGRAM-RECORD-EXPLORATION-BUDGET-OF-145-MILLION-FOR-20111123558/default.aspx
I'm going to see a little bit of it I believe, there are a few that are waiting with fingers on the buy triggers.
Edwin took a few thousand invested at 02 then another couple and squaundered it down to 02. Nope, I have moved on I might or might revisit later but highly doubt I will ever buy back in. My investment philosophy is such that I rarely if ever hang around sub pennies, they are certainly ran by a POS CEO. I like to invest in the likes of Probe, have one awaiting for a late January early February entry that is going nicer for my pocket book. Don't get me wrong, I'll day trade a subbie in a minute but on my terms.
Banker is a pumper and I don't agree with much of anything he post or pumps. I took a quick look at the board and see Admin Shelly has been there and I figure if there are bashers they are there for a reason. Just my thoughts, I see smoke I figure there is or has been a fire.
This one has been wrapped in litigation over a huge mineral deposite in New Foundland and the ruling is due by years end and given a 30 day window of appeal that would put safe investing end of January. This one of the largest mineral finds in North America, the Canstar Resources website has more details but I fully expect it to see a $1.00 within a year.
I have been staying away from 0001 a the like, I'm looking for stocks you don't have to babysit. TEFFY has one coming out boardmail tomorrow suppose to be a big gainer like 400%+
the problem with investors is that they get vested into the company via Ihub and lose site of exit points. I am here to make money, you probably will not see me on many boards tied too a stock unless it is one I started like probe or Canstar.
I forgot where I found the sticky at the top of the board concerning gaps but it is the best explanation I have ever seen. Most people think gaps fill when a stringer or wick of the candle toches the gap, Gaps only close with bodies of candles. I love gappers they normally have or two of life and plummet.
Regardless, I said a week ago Monday that the gap would fill and the bottom wast the support levels around 015 and both occured.
I have looked at so much crap that company has put out, here is what gets me they are awaiting an NI 43 101 report on a mine in Mexico. First and foremost, NI 43 101 is a Canadian Ministries standard for Canadian Mines and Mining Companies trading on the Canadian Exchange, now all of a sudden it is being used in Mexico, America, Timbuctu, and other countries as an international insturment. I might be wrong but I think it is just a play on investors.
This one is a low float play that is getting ready to be diluted out of this world. A fool and their money are soon parted
Yes sir, this Mark Klako or what ever his name is has a template of PRs he uses he just changes the ticker to make if fit the current POS he is operating.
Yes sir it is a house of Cards, the CEO is a POS that has a history of being a POS
Watching ALTO go down is bitter sweet, it's like being a rescue vessel sailing to the titantic only to see the last desperate souls clinging to the railng as the bow is sucked under. HELP ME!!!! I am glad I never bought into that POS and I advised and told others the support was 015 but be careful, I am sorry they did not listen.
Million I'll do that but in case I forget be sure to mark my PROBF board I am always trying to keep it up to date.
http://investorshub.advfn.com/boards/board.aspx?board_id=19034
No thats FUNNY
Options are granted to insiders at a certain price and they have to pay for them at the strike price. So I think you're a bit confused about how options and warrants work. When insiders exercise their options is a good sign and it funds the company and also forms part of the insider's compensation.
Alto Group Holdings Announces Gold Market Conditions and Production Mandate
October 28, 2010 8:00:00 AM
Here is the part I like:
I would ask how much he made off the hildago/consolidated scam and is there some way I can make a buck too.
Maybe we are all warned, I'll have to take two extra pills to get some sleep tonite.
Beijing are you releasing your ACKTiVACATION at 0946
It is another Canadian Mining company mining in New Foundland.
Thats what is important, my child wants to be a ped's surgeon but she wants to do charitable and mission work. She starts Counciling Autistic Children in January. I alway told her that money never wakes you up in the morning, passion is what makes your feet hit the floor.
I have another one that I want to get into late January after I ride the Probe for some profit.
My daughter is in a Southern Baptist College in Pineville, LA about 100 miles from here, she is a first year Pre-Med Student whose whole life revolves around intellectuals that study alot more than I ever did.
Never got into SAEI but if I had I would hope that I would have been smart enough to exit when some friends did. The other 2 you are Colorado Gold and Dutch Gold seem to be more legit than others I see. I am in PROBF awaiting 3 PRs or news event, if the NI 43 101 on the Black Creek is not out by tomorrow we will most likely not see it till nest year on the 1/3. That one will determine a buy out value for the Chromite deposite. I am thinking we will see somewhere around $5.00 on PROBE, or maybe they split the company PROBF-AU and PROBEF-CR which would give you two seperate stocks. I am telling you it is a win win.