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heard anything on the MMT pipeline?
first drill results out soon.... fasten your seat belts
Nah, they can feed out of air, lol
I am positive you said you lightened up some (half?) FED at some point. Wish I had done the same when it traded over a buck. But the romantic (following in love with a story) in me screwed again the pragmatic bean counter in me.... ah, the eternal story..
FED is about to release a drilling update this week, think you could buy back cheaper some of those that you sold higher. JMHO
I found this message very good food for thought on the Venezuela asset sale....
http://www.investorvillage.com/smbd.asp?mb=1250&mn=3232&pt=msg&mid=10737691
I would settle for half what Lundin got in Syria <g>
hi tiesto, did you listen to the presentation earlier in the week? had very clear mention of Venezuela as being discussed to be sold...
I´m loaded up now HNR, position #1 for me
Just dont remind me.... I do screw ups everyday for the past few months. Interesting point you raise on the amount held at single positions, I seem to go like a yo-yo from very concentrated portfolios with 3-4 stocks taking 80% of it overall to periods of panic where 3 stocks will do 60% and 20 stocks will do the other 40%.
I think this is the tougher part on investing. Not getting to buy promising stocks, we all have an eye for that. But knowing how to get a right allocation for them where we can optimize profits in a bull market and sleep well in an stinky market like today´s
yeah, pricesely...
good luck with it
Prima Colombia delays Colombia start-up operations
2011-07-14 16:15 ET - News Release
Mr. Donald Hayes reports
PRIMA COLOMBIA HARDWOOD INC. ANNOUNCES DELAY IN START UP OF OPERATIONS
Prima Colombia Hardwood Inc.'s start-up of its operations, which was previously scheduled for the third quarter, has been delayed as a result of delays in obtaining cutting permits from the Ministry of Environment in Colombia.
Until May 18, 2011, the company had been working with the regional government of Choco in the ordinary course of business to obtain cutting permits, including successfully obtaining its first cutting permit for Mecana 1. On May 18, 2011, the Ministry of Environment took over jurisdiction from the regional government of Choco. Subsequently, Prima and the Ministry of Environment have had several meetings and established a working team to process the company's permit applications. Prima was recently informed that the Ministry of Environment had revoked the Mecana 1 permit. The revocation is under appeal. While Prima and the Ministry of Environment continue to work constructively together, Prima is unable to determine with any certainty the expected issuance date of the cutting permits required for the start-up of its operations.
The company and its Colombian advisers fully expect that the permits will be issued but are uncertain as to the exact timing. Cutting permits of this nature are routinely issued in Colombia. However, until such time as the permits are issued, the company has decided to scale back the start-up of its operations. The company will provide temporary layoffs to some staff and is delaying delivery of some equipment and supplies.
"The change in jurisdiction from Choco to the Ministry of Environment has occurred at an inopportune time, just as we are in the final stages of start-up. Had the change occurred six months ago, it would not likely have delayed our start-up," says Donald P. Hayes, chief executive officer. "While the timber agreement with the community of Los Delfines remains in full force and effect, we cannot harvest without cutting permits issued for exact locations within the licence area."
Given the uncertainty of timing in respect of the issuance of the permits and start-up of operations, the company has also delayed the completion of the financing announced on May 27, 2011. The company plans to reduce its monthly cash requirements in an orderly fashion to approximately $600,000 per month in order to preserve the timber opportunity until the permits are obtained. The company has received indications from key shareholders to bridge its cash requirements during this time period and will continue to discuss financing options with third parties.
We seek Safe Harbor.
what is that ? A China stock?
I dont have any idea either but I sold my shares today at 2.20sh for a nice profit and will look to get back in at lower prices if possible, if not, be damned with it, lots of other stuff where to put money in. I can only think given the very large relative volume both today and tomorrow that maybe someone made stop losses be triggered yesterday in order to grab cheap stock and today is still buying aggresively. If so it would look very bullish in temrs of some news leak and after all the volaitly the stock is basically where it was when the week started,
Looks like it might be heading down to 1 dollar to me. As I said, FED is a much better hold for now and AAA was an easy short on the new reserve numbers, it´s allways the same, no real upside resumption until BFS is reached...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64444294
But hey, AAA discussion should be done on the Value Microcaps Food, Agriculture and Soft Commodities
http://investorshub.advfn.com/boards/board.aspx?board_id=9423
IAE: Another great alternative to MMT, unlike MMT it has great honest management, a big chest of cash (NOW not one year forward as MMT) and prudent policies like hedging and not a one trick pony as MMT. Easy 2 bagger (much less than the blue sky for MMT) and yes, UK tax regime sucks but IAE has a huge tax loss poll of close to $200M. IAE looks like a great take over target just on the cash position and tax loss poll alone (with rest of assets almost for free). So all in all one to sleep better at nights not thinking the terrorists are blowing up the pipelines or AGIP cutting the export capacity and that I will be the last monkey to know about after all "connected" shareholder do, while still retaining good upside.
HNR (which adds the benefits of liquidity and good management)
Correction: PEC.v is mostly onshore...
much better a stock buy back IMHO
That´s more like it!
new IR firm? where did you get that from? I dont believe Mart has any IR firm behind it as I havent seen any public disclosure about it.
something like this, which is quite normal for "normal" firms (MMT rather "paranormal" instead...)
http://finance.yahoo.com/news/Porto-Energy-Corp-Retains-cnw-1222100763.html?x=0&.v=1
http://finance.yahoo.com/news/Cross-Border-Announces-prnews-2235599840.html?x=0&.v=1
Down she goes again, -7% , about only red on my watch lists... think market is telling you something ?
Unfortunately AAA forgot to include recovery percentage data on the release so a big cloud on what might be ultimately recoverable. Initial exploration phase now done for AAA, I dont think it will move significantly higher until it reaches feasibility study.
http://www.flickr.com/photos/7348364@N07/473742113/ (AAA is heading to point 5 on the chart)
On the other hand FED.v/ETPHF is now starting exploration phase with historical data pointing to higher grade and shallower depths and about one third of AAA´s market cap. So FED will be coming strong out of the gate number 1 on the chart
where would you rather be today ?
Bob, do you know any publicly traded similar operations to compare to PCT?
Cross Border Resources Acquires Additional Wolfberry Acreage, Updates Tres Amigos Wolfberry Project
Cross Border Res (OTCBB:XBOR)
Cross Border Resources, Inc. (OTCQX: XBOR) ("Cross Border" or "the Company"), today announced execution of a participation agreement in the Big Star Six Shooter project targeting 320 gross acres within the Wolfberry Trend, Dawson County, Texas.
(Logo: http://photos.prnewswire.com/prnh/20110523/AQ07208LOGO)
"We're pleased to have this opportunity to increase our interest in the Permian Basin's unconventional Wolfberry Trend," said Chairman and CEO E. Will Gray II. "We believe the Wolfberry has great promise and our initial results in the nearby Tres Amigos project, also targeting the Wolfberry, have been encouraging."
Cross Border has acquired a 10% WI in 320 gross acres in Dawson County, Texas, with expectations to acquire an additional 480 gross acres, within the Six Shooter project, sometime later this year. The Company will participate in the first well, scheduled to spud this month on a 1/3 for a 1/4 promoted basis. The entire Big Star Six Shooter project covers approximately 800 acres in the Wolfberry, located along the eastern shelf of the Midland Basin. The trend encompasses the Sprayberry/Dean, Wolfcamp, Canyon, Strawn, and Mississippian formations.
Tres Amigos Operations Update
Meanwhile, drilling continues on the separate Tres Amigos project that targets the Wolfberry in Dawson and Borden counties. Updates on the first three wells are:
* Shortes 6 #1 – Borden County, has been fracture stimulated and currently is flowing back load water.
* Coleman 9 #1 – Dawson County, also has been fracture stimulated and is flowing back load water.
* Shortes 43 #1 – Borden County, has been fracture stimulated and plugs are being drilled out.
Cross Border acquired a 10% WI in Tres Amigos in March, located in Dawson and Borden counties. Tres Amigos consists of approximately 825 acres. The project has 11 identified drilling locations based on 80-acre spacing units. The Company participated in the initial three wells on a 1/3 for a 1/4 promoted basis. The remaining eight wells will be drilled to each working interest partners' proportionate ownership. The targeted depth for each well is approximately 10,825 feet.
About Cross Border Resources, Inc.
Cross Border Resources is an oil and gas exploration company, headquartered in San Antonio, Texas, focusing on non-operated opportunities with proven operators within the Permian Basin. Cross Border consists of over 800,000 gross mineral and lease acres in New Mexico (approximately 31,000 net Permian Basin acres and 270,000 net acres in southwestern New Mexico) targeting various emerging plays, including the 1st & 2nd Bone Spring, and more conventional plays such as the Abo, Yeso, San Andres, as well as Wolfberry acreage located in West Texas. Visit www.xbres.com to learn more about the Company.
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward-looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information risks for the Company can be found in the Company's filings with the U.S. Securities and Exchange Commission.
Contacts:Investor Relations Contact:Jon CunninghamRedChip Companies, Inc.Tel: +1-800-733-2447+1-800-733-2447, Ext. 107jon@redchip.comhttp://www.redchip.com
Company Contacts:Everett Willard "Will" Gray IIwillg@xbres.comorP. Mark Starkmarks@xbres.com
SOURCE Cross Border Resources, Inc.
FED back to 1 buck
Looks to me like this new discovery makes it more probable for them to speed up monetizing the Venezuela assets now. What are your thoughts on this?
Harvest Natural Resources Discovers Oil in the Pre-Salt Offshore Gabon
If Indonesia is a discovery too, HNR is the bargain of a lifetime here.
HOUSTON, June 13, 2011 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) today announced that it has encountered oil in the wildcat well Dussafu Ruche Marin-1 (DRM-1) drilled in the Dussafu Marin PSC, in the offshore waters of Gabon, West Africa. Harvest operates the Dussafu PSC, holding a 66.667 percent interest. The well was spudded on April 28 and is being drilled to test the potential of the pre-salt Gamba and Dentale Formations.
Drilled with the Transocean Sedneth 701 semi-submersible drilling unit in 380 feet of water, the DRM-1 well has reached a vertical depth of 9,953 feet within the Upper Dentale Formation. Log evaluation, pressure data and samples indicate that Harvest has discovered approximately 55 feet of pay in a 90 foot oil column within its primary objective, the Gamba Formation.
Additional technical evaluation will be required to appraise this Gamba discovery. Forward plans include deepening the well to test Middle and Lower Dentale exploration potential and sidetracking to appraise the extent of the Gamba oil discovery.
Harvest will provide an update on the drilling operations in due course.
About Harvest Natural Resources
Harvest Natural Resources, Inc., headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela, exploration assets in the United States, Indonesia, West Africa, China and Oman and business development offices in Singapore and the United Kingdom. For more information visit the Company's website at www.harvestnr.com.
CONTACT:
Stephen C. Haynes
Vice President, Chief Financial Officer
(281) 899-5716
This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. They include estimates and timing of expected oil and gas production, oil and gas reserve projections of future oil pricing, future expenses, planned capital expenditures, anticipated cash flow and our business strategy. All statements other than statements of historical facts may constitute forward-looking statements. Although Harvest believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from Harvest's expectations as a result of factors discussed in Harvest's 2010 Annual Report on Form 10-K and other public filings.
SOURCE Harvest Natural Resources, Inc.
I´ve been buying warrants today. They havent looked this cheap in a while. 19c in the money and selling at just 37c with 15 months of time.
FED finally to start drilling.
Looking goddamn cheap seeing how AAA has fared in this correction ( barely scratched)
TORONTO, ONTARIO--(Marketwire - June 8, 2011) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce that a 50 person field camp has now been completed and two drills are turning on the Company's Danakil concession as EPC begins its 15,000 meter drilling program, slated to confirm the existing resources in the south-west corner of the Company's property, and then proceed to test the potash resource potential in the Colluli area on the east side of the property.
In both areas, EPC will focus on its previously established shallow mineralization targeting potash horizons potentially amenable to open-pit mining scenarios.
Mr. Wahl, President and CEO stated "I am very excited that drilling has commenced, and we anticipate making good time in our development program and assay turnaround, with the help of personnel all of whom have previous drilling experience in the Danakil basin."
"Results of this initial program will confirm management's enthusiasm about the ability to move EPC's licenses quickly through resource development and economic evaluation milestones."
The objective of this initial drill program is to confirm, expand, and upgrade the 43-101 inferred resource of 128 mil tonnes grading 21% outlined by ERCOSPLAN. The drill program is designed to increase the inferred resources and upgrade the resources in the core area to indicated and measured resources. This will provide the basis for a new 43-101 resource estimation and economic studies commencing in early Q4 of this year.
Now that drilling has started the Company expects to be in a position to issue regular updates to its shareholders on the status of the on-going drilling. As the assays are received the results will be compiled for release. Given the current backlog being experienced by the assay labs, results are not expected until late July or early August. The Company is currently looking at ways to speed up the assay turn-around time.
On the Company website investors will shortly find recent pictures from the site, as well as the initial proposed drill hole location maps on the first work to be completed.
Mr. Wahl is the Qualified Person as defined by NI 43-101 and is responsible for the content of this release. In preparing this release Mr. Wahl was assisted by Mr. Bruce Cumming, COO of the Company and the person responsible for the project. This release has also been reviewed and approved by the Company's Independent Consultants ERCOSPLAN of Erfurt, Germany, the world's foremost authority on the Danakil Depression.
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralisation potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
David Wahl, President and CEO
FED finally to start drilling.
Looking goddamn cheap seeing how AAA has fared in this correction ( barely scratched)
TORONTO, ONTARIO--(Marketwire - June 8, 2011) - Ethiopian Potash Corp. (the "Company" or "EPC") (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is pleased to announce that a 50 person field camp has now been completed and two drills are turning on the Company's Danakil concession as EPC begins its 15,000 meter drilling program, slated to confirm the existing resources in the south-west corner of the Company's property, and then proceed to test the potash resource potential in the Colluli area on the east side of the property.
In both areas, EPC will focus on its previously established shallow mineralization targeting potash horizons potentially amenable to open-pit mining scenarios.
Mr. Wahl, President and CEO stated "I am very excited that drilling has commenced, and we anticipate making good time in our development program and assay turnaround, with the help of personnel all of whom have previous drilling experience in the Danakil basin."
"Results of this initial program will confirm management's enthusiasm about the ability to move EPC's licenses quickly through resource development and economic evaluation milestones."
The objective of this initial drill program is to confirm, expand, and upgrade the 43-101 inferred resource of 128 mil tonnes grading 21% outlined by ERCOSPLAN. The drill program is designed to increase the inferred resources and upgrade the resources in the core area to indicated and measured resources. This will provide the basis for a new 43-101 resource estimation and economic studies commencing in early Q4 of this year.
Now that drilling has started the Company expects to be in a position to issue regular updates to its shareholders on the status of the on-going drilling. As the assays are received the results will be compiled for release. Given the current backlog being experienced by the assay labs, results are not expected until late July or early August. The Company is currently looking at ways to speed up the assay turn-around time.
On the Company website investors will shortly find recent pictures from the site, as well as the initial proposed drill hole location maps on the first work to be completed.
Mr. Wahl is the Qualified Person as defined by NI 43-101 and is responsible for the content of this release. In preparing this release Mr. Wahl was assisted by Mr. Bruce Cumming, COO of the Company and the person responsible for the project. This release has also been reviewed and approved by the Company's Independent Consultants ERCOSPLAN of Erfurt, Germany, the world's foremost authority on the Danakil Depression.
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash controls 481 sq km of shallow mineralisation potash development concessions in the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128 mil tonne resource at 21% potash and is intent on aggressively fast-tracking its properties to production.
David Wahl, President and CEO
Kozuh I like the Pope a lot
Believe it or not this was my first shirt bought in infamous Carnaby Street when in London as a teen. Very useful to go on Church on Sundays. Also served me to train my English poetry. lol
http://www.popesmokesdope.com/images/pope282x362.jpg
What makes you think the shares will be worth 1.10 ? It all will depend on what value the market assings to the assets transfered to NKL divided by the 50M shares (post consolidation) it will have then. You seem to imply everything will keep the same after 450M shares more are printed and 225M shares are given to current shareholders of PCY who might be very willing to dump on the market.By some sort of magic it would turn out that the assets transfered would be insantly be valued at current price of NKL times the new shares printed. I remain very skeptical of how the whole thing will turn out, specially in a very rough market for juniors as the one we are in.
I am holding some PCY shares bought at 67c and will keep them through this whole thing anyhow. Long term looks good.
GSA: Apply whats been discussed of late here regarding VST. If Kurdistan well a hit both will fly, VST more than GSA. IF Kurd well a dud, VST gets decimated down to 0 in seconds, GSA would go down but not as much and still have hope with wells in Egypt and Guyana. I own a fair bit of GSA but no VST
Yes I know. Way beyond the point of the discussion. Bobwins bought AAA at 19 cents. I´m sick of all that AAA fanatism. Go buy some FED instead. LOL
ddi you see the new potash/ferts ETF ?
http://www.businessinsider.com/global-x-debuts-fertilizer-etf-soil-2011-5
European!
Bob, are there any plans to have a get together again? Once MMT hits 1 buck or so I think I can spare myself and family a business flight to anywhere in the U.S.lol.
If it hits 1.20 I could even bring in some good Spanish wine for the lunch/dinner (those Argentinians on the picture dont look that good).
Hey, if it hits 1.50 I would even pay for Kozuh´s flight!
ROFL
Only "immediate" news expected is about Gabon drilling which mostly in 2 out of 3 chances will come out as a duster. If there is a sell off on that news it will be another great chance to load up.
The confidence given by the VP of operations in Indonesia cant be news related as they are still weeks if not months away from more news on the Indonesian drilling front, but IMHO it is related to this (from their last update of operations):
"While the results to date have not definitively determined the commerciality of development of the LG-1, we believe that the well results confirm that the Miocene formation exhibits sufficient quantities of hydrocarbons to justify potential development pending further appraisal."
HNR is an accident waiting to happen to all that stupid huge short position....
BTW maybe this piece posted on Yahoo about Soros buying in helped HNR today too?
http://seekingalpha.com/article/271525-a-look-at-10-george-soros-1q-stock-picks?source=yahoo
Knowing the "herd" it is in fact much likely this caused the run today than the insider buying...
ANyway, always good to be on board with Soros.
At least that I know of, he is on board with us on PEC.V, RFE.AX and HNR. Any other ones ?
Yeah, pretty convincing move. Wish I had seen it yesterday. Added a few today too. HNR looks like a no brainer to me
HNR up 11% with their VP of Eastern operations buying up more than $500k at low 11s.
Check out Robert Speirs:
http://investor.shareholder.com/harvestnr/sec.cfm
funny thing is that amount is about his annual salary plus he might know a thing or two about how their Indonesia project is looking...