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.
Wade-sulton,Do you think this formula would stand up as a fair value.It is definitely hard to figure value of assets.For instance based on thundermountains appraisal per acre that would add approx.07-.08 cents if sold.But what is the timber worth and the deposits in the mine.Very tricky.Now based on less than half of the halloysite that is in the mine at a low cost of 450.That would project out to .60 which true worth is most likely more than double that figure.So for arguments sake at the very low end because I do not know the value of all our assets lets plug a round figure of .70 low end book value.Then if you look at just about any gold/silver mining company they trade between 2.5-4.5x book.I would believe we should trade higher end because halloysite is a rare commodity with nano applications.So still being ultraconservative at 3.5 x book=2.45 share price.High end depending on developments over time could be double.Not saying we move their immediately but in due time.I took the approach that if I were to go to Bill and say I want to buy your company.I would want to know what the true assets mineral rights property were worth.That is low balling everything.Later Go Patriots
Dayla,sorry I did hours of dd on our worth and am pissed where we are trading.Most that took positions only did it because of the expectations of mining the halloysite.i wanted to see why Bill said we are so undervalued and today I figured it out.I am not going to post numbers because I am waiting for a few emails from people in the know.Sorry again,but when you see a company like atlas trading at .30 and some of the idiotic stocks on the bb trading .50-1.00 with no substance I do get mad.I would like some input about valuation from some of the others here.Either way I am continuing my dd.Once a conservative estimate of value of our assets is determined x that by.Night
Dayla,I have invested in many mining companies.You are wrong.These are our assets and unlike most companies they are thier and not going anywhere except to the customers.You are also wrong on valuation not worth a nickle.I will not explain things to you because that is a assinine statement.Bye
Question?I am done doing dd on many stocks today.Can not look at any more numbers.I know this was probably posted before.What is the value of the Dragon mine based on mid points say 400k tons,I know their may be up to a million.Just being conservative.Lets say 450-500 a ton.Any adjustments on what you think are welcome.My point of what I am doing is getting a full picture of what our assets are worth.Thanks Bob
Atco,I am not a geologist but when I thought about some of the events and contact last week with bill a light went off.I do not know if this is even a possibility.What I do know is when the government put a value on thunder mountain property the stock doubled.Enough posting from me,can you tell I am excited.Halloysite going to start shipping and the unknown valuable property in idaho.Just speculating but that makes it more interesting.
Huggum's,What do you think?I emailed gregg at blanketpower for a opinion.All companies have a book value and the only way to figure it out would be to value our properties.We can figure the value of the dragon mine and the halloysite.We can figure rev after contracts are announced.I would love a true number of what the whole company is worth with now operating mine and other properties.Look at what thmg did when their property had a price tag on it.Later
Part2:Thunder Mountain District
Valley County, Idaho
Starting in 1992, the Thunder Mountain mining district was consolidated with the formation of the Thunder Mountain Gold/Dewey Mining Company Joint Venture, in which the Company is a 50% partner in the holding of 50 patented (735 acres) and 272 unpatented (5,245 acres) lode mining claims. An overview claim map is provided for reference.
USMX/Dakota Mining expended approximately USD $5 million on exploration and development work on the joint venture claims. This program resulted in the definition of a measured mineral resource of over 5,000,000 tons at a grade of 0.047 ounces per ton (modeled at the then-prevailing gold price of $400 per ounce). This resource is located entirely on private patented lode claims.
Under favorable economic conditions, this resource is likely mineable. However, since the Thunder Mountain District is unique in its remote geographic location and senstive environmental setting, perhaps the market for public cultural and enviromental resources may determine an alternative route to shareholder value for the property.
Gallery: Thunder Mountain Reclaimed (present)
Again a rolling mountaintop, Thunder Mountain was given a state-of-the-art, award winning mine closure reclamation in 1992 as Coeur D'Alene Mines ceased operations.
During 2000, the Company and their joint venture partner, Dewey Mining Company, entered into an Option Agreement with Trust for Public Land to purchase the consolidated mining district. The Trust for Public Lands is a nonprofit organization dedicated to the preservation of nature for human enjoyment and well being. The Thunder Mountain Mining District is located on a "cherry stem" within the Frank Church River of No Return Wilderness that was specifically outlined to allow continued development of the historic mining area. Due to its location, the Company's land position is a candidate for purchase by the United States Forest Service through the Land and Water Conservation Funds. The Option recognizes a minimum acceptable value for the measured mineral resource and real property, and if this is not met, the Company maintains the ability to continue development of the property.
Though currently non-operational, both the Dewey and the Thunder Mountain (Sunnyside) deposits have been operational within recent history.
Gallery: Thunder Mountain Recent Operations (1980s-1990s)
Coeur D'Alene Mines, Inc. operated the Thunder Mountain property from 1988 to 1993. Also active in this period was the Dewey deposit. Click to see more.
At the close of operations in 1992, Ceour D'Alene Mines had extracted 100,000 ounces from the historic Thunder Mountain property. Consuming 400 man-years of labor, the mine was Valley County's largest taxpayer for the period of its operation.
Gallery: District History
The Thunder Mountain Boom at the turn of the last century kicked off a 200,000 ounce track record.
Placer gold was first discovered in this remote area of Idaho in 1894 by pioneer prospectors. By the early 1900s, the Thunder Mountain Gold Rush was underway, and the small town of Roosevelt was built near the gold mines and prospects. At the height of the boom, it is reported that 7,000 people received mail at the Roosevelt post office. By 1907, the easy placer gold had begun to play out, and the miners began to move on. In 1908, a large mudslide dammed the creek below Roosevelt, thus forming a lake that flooded the townsite. This event essentially spelled the end of the gold boom associated with the District.
Sporadic exploration of the District occurred from 1950 through 1970. With the increase in gold prices in the 1970s, new interest was shown in the potential of the area. Companies including Homestake Mining, Neverex Ltd., Placer Amex, Superior Mining and Philips Petroleum conducted geologic sampling, mapping and exploration drilling in the District. The Sunnyside Deposit was initially defined by Placer Amex in the mid-1970s, mineralization that would ultimately be mined and heap leached by Coeur d'Alene Mines starting in 1986.
The Sunnyside Deposit, which contained reported reserves of 2.1 million tons averaging 0.09 ounces per ton (opt), was located on patented claims owned by Thunder Mountain Gold, Inc. and was mined under a net profits agreement. After production by Coeur d'Alene Mines ceased in 1990, the Property was returned to Thunder Mountain Gold, Inc. Couer d'Alene Mines conducted award winning reclamation of the disturbed site.
After the Sunnyside Deposit was mined and the agreement terminated by Coeur d'Alene Mines, the Property was leased to and explored by several other companies, including Kennecott Exploration and USMX/Dakota Mining. A joint venture agreement between Thunder Mountain Gold, Inc. and the Dewey Mining unified the mining district during this period.
USMX/Dakota Mining expended approximately $5 million to explore the district and outline a significant measured mineral resource on the Dewey property. USMX/Dakota Mining was forced into bankruptcy, and the properties were returned to the joint venture partners. Subsequently, other district claim packages have been acquire, and now the District is essentially owned by the Thunder Mountain Gold Dewey Mining Joint Venture.
Just a thought.Their stock rocketed because of value of the land.That is what I have been saying all along.Yes we have the halloysite.Our other properties are worth something.We should not be trading at these ridiculous levels.Just food for thought
Something interesting just came to me:The land we purchased is valuble for the timber and minerals in the ground.In the email I recieved Bill also mentioned recreation.I could not figure out what that may be about.He also said right now they would not mine because of enviromental/economic conditions.We know they could mine once we start getting rev from halloysite.Here is the twist and only a thought if environmental issues are their and he stated one of the reasons was recreation.This property is very valuable because of what is above and below the ground.Who would want it?Possibly the U.S. government.This came to mind because of the recreation part of email.Then today I saw this company pr from miner with land in idaho.U.S. Forest Service Determines an Appraisal Value of $13 Million for Thunder Mountain Properties
Elko, Nevada October 8, 2004: Thunder Mountain Gold, Inc. (OTCBB: THMG) announced the long-awaited appraisal for the combined properties of the Thunder Mountain Mining District, by the United States Forest Service. This culminates a multi-year effort that was initiated when THMG and Dewey Mining Company (Dewey) entered into an option agreement with The Trust for Public Land (TPL) in 2000 that provided for the evaluation of the properties in advance of an anticipated sale to the Forest Service. The completion of the appraisal process represents a significant step forward toward the sale of the mining properties for the public benefit.
Mr. Don Howell of Howell Valuation Services completed the independent appraisal with support from Dr. Dave Wahl, an independent PhD economic geologist that has extensive experience in establishing values of mineral properties. The definitive appraisal was reported in a Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA) format. The Cost, Sales Comparison, and Income approaches were considered and used by Howell in determining market value for the combined properties at Thunder Mountain. The appraisal concluded that the value for all the private holdings, drill-defined mineralization, unpatented claims with potential and appurtenant components associated with the property is $13 million. The Region 4 Office of the Forest Service has reviewed and approved the valuation.
Under the joint venture arrangement between THMG and Dewey, THMG would receive one-half of the proceeds of the sale, after expenses that include: a fee-for-service to TPL, agreed-to reclamation costs, and TPL's third-party costs for purchase of the smaller parcel of non-mineral land adjacent to the properties. Preliminary estimates of the value to Thunder Mountain, after expenses, would be in the $5.0 to $5.5 million range
Jim Collord, President of THMG, says of the appraisal, "I believe we have reached a watershed point for Thunder Mountain Gold with the completion of the appraisal and the eminent sale of the property. Although it is an excellent property with a strong potential to be profitably mined at these higher gold prices, everyone has to accept that permitting a new mine in the heart of the Frank Church River of No Return Wilderness would be very difficult. Receiving fair market value for the holdings in the Thunder Mountain District would be a will remain open for hunting and recreation access."
Eric Love, TPL's Rocky Mountain Program Director, said, "I am hugely appreciative of THMG and Dewey's patience over the last few years. This has been a difficult process and I am encouraged that the Forest Service has approved the $13 million value established by Howell. Now the hard work of identifying and securing funding for this project begins and, given the current economic climate, it will undoubtedly take a concerted effort by all those that have long desired to see this property conserved."
With completion of the appraisal process, TPL will continue working with federal and local decision makers to develop a funding strategy for and establish a timeframe for acquisition by the Forest Service.
Company Contact: Jim Collord, President at (775) 738-9826
Company website: www.thundermountaingold.com
Forward-Looking Information: The statements in this news
Hi guys:Here is some technical info I looked at today.We had a nice consolidation over the last 2 weeks.Most shares traded between .29-.34.The bollingerbands look great and show no resistense till .37-breakout point.RSI-I consider 80% overbought we would have to be at .48 for that to occur.I say short tem we move to between 70%-.37 and 80% .48 backing up my previous statements of trading upto and consolidating in low .40's.Moneyflow looks great.Much more money pouring in than going out aka bigger buyers small time sellers.Williams% around65-70 is starting to enter oversold territory after pop to .37.These are just some of the tools I use and its all good.Of course when next important pr comes with contracts,customers and size new levels will be achieved.Good entry point in here for new investors or if your thinking of adding.Going to watch some football later
Hey guys,once again today even though low volume less than 25% sells.These mm's are trying to get shares,no one smart is selling.Consolidation is very good in here.Next move will be a power move.I say this because it will be the news that vindicates our earnings,contracts,size and customers.Hold and accumulate.Night
Santoph message 912.
Rig,whats your take on the last 2 weeks action?I say we washed out the traders and flippers.Everything is better than ever,the email I recieved confirmed everything we know.Later
Stix,Yes I agree with you that we need to see what we will be shipping.To me that is the final piece of the puzzle until nano news and more contracts come.I have a feeling they will come soon based on the prs.Also remember this pr last year stating a valuation of 4.00 a share at 450 ton and only 300k in the mine.I do not believe that values in other properties.They are worth something.A lot of assets here to consider.Here is the pr from last year,we came a long way.--------------------------------------------------------------------------------
October 27, 2003
Osburn, Idaho
Atlas Mining Company Updates Shareholders
Atlas Mining Company (OTCBB:ALMI) filed an 8-K report with the Securities and Exchange Commission to report the company’s recent MESSAGE TO ATLAS MINING COMPANY SHAREHOLDERS dated October 24, 2003 as follows:
Over the past several months we have continued to make strides toward our goals. Our number one goal has been to get the Dragon Mine into production. The purity and unique attributes of our clay have resulted in the rapid expansion of our potential market through the addition of both new users and new applications. We have been in close contact with researchers at Montana State University, who have been hired by the United States Government to find commercial uses for government-owned patents. For example, the Naval Research Laboratory has created a method for using microtubules from halloysite clay as a time-release mechanism with a wide-variety of functions. Along with more conventional applications, we believe that such innovative discoveries will increase demand for our product. So far this year:
We have completed a drilling program to determine the extent of the halloysite clay bed and to verify information from previous owners.
We have completed studies and analysis on costs of development, mining and processing.
We have continued to work with the US Naval Research Lab, Montana State University, Yale Medical School Research Lab, and others to move new applications closer to reality.
We have processed bulk samples of our product through three different milling systems in pursuit of an optimal method.
We have formed and advisory board to assist us in our product devlopment and marketing. Dr. Ron Price, Dr. Paul Adler and Mr. Gareth Tang have joined this team and are very supportive of our efforts.
One concern we have had this past year is the lack luster performance of our stock. We went through tremendous efforts and expense to get the company into a fully-reporting status with the Security and Exchange Commission, and have strived to keep up our filings. We have targeted a property (the Dragon Mine) with great potential that is environmentally sound, and with a fairly economical cost factor for development. In the mining industry this does not happen very often. We have a resource of at least 300,000 tons of unique halloysite clay with a minimum value of $450.00 per ton. This equates to over $4.00 per share value to our shareholders. If the rest of the investing public understood as well as you our shareholder, the significance of this we would not be struggling with a market price of ALMI in the ten-cent range.
Ron Short was hired this year as our Operations Manager. His duties include bidding contracting projects, as well as helping us to establish a plan for the Dragon Mine and the Costa Rica gold project. Ron & I have recently returned from a trip to the Dragon Mine to inspect the shaft, and to formulate a plan to get into a bed of halloysite near the surface. Ron is equally willing to spend time getting his hands dirty working on a project or to spend time on detailed planning and paperwork.
Our contracting entity has been working steadily this year. Although smaller jobs, the cash flow has helped to maintain our day to day activities. I am very proud of Frank Fausett, our operations supervisor, for the good work he has done for us. With Frank’s efforts we have continued to keep our presence in the industry. Our recent agreement to manage a gold property in Costa Rica will help provide an additional long term source of income for our company. This project became available to us because of our knowledge of underground narrow vein mining and our reputation and integrity that people like Frank and Ron bring to the company.
Our logging activities this year got off to a slow start first due to lumber prices, and then fire danger. We have found a window of opportunity this fall to move into the woods, and are optimistic that our loggers will be able to create some additional cash flow for us before winter.
One other goal we have been pursuing has been that of finding a merger partner that will bring assets and positive cash flow into the company. We have met with a number of candidates, and are continuing to do so. The reasoning behind this effort is to bring more value to the company and the shareholders. By adding value and positive cash flow to the company the results would be greatly beneficial to us. We hope to be able to make an announcement to you during the next few months regarding this.
As we move closer to realizing our goals at the Dragon Mine and with our other diverse natural resource interests, I am very excited about the future of our company. We appreciate your continued support of Atlas Mining Company.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings.
This is a post I wrote to biegle on another board.The mine that is located by the land we purchased is called L&N claims.They purchased it because it borders their property and has very valuble timber on it.It is a good addition to their portfolio of properties.The company will explore the mining opportunities in northern Idaho when environmental and economic issues ease.That is from a email I recieved from Bill Jacobson.Now if you look at the pr it also states mineral rights also.WinWin situation.Also I believe as revenues come in from the Dragon Mine these opportunities will be further pursued.The company is focused and executing now just as it has all year.Later
Tech,read to quick you are right.Same scenario though.I do not believe they bought the land for the timber.Its whats below the timber.What is in the main mine?Are they planning to start working that mine in the future?Interesting good thing either way
Rabbit,from,Yes Two very good points,now we know they are at the main clay bed .The two points I liked were 1-we are negotiating contracts.2-The land they bought is by the dragon mine.Did they buy it just for the timber?I think not and I am just speculating but they probably have a good idea that their is more halloysite beneath those trees or other minerals.Later
Added.31 will continue to add on any pullback.Later
Yes shmolten,they want more shares.Noticed all day movement by the mm.Night
I will be adding if we pullback anymore.Only 5mm between here and .37.Their has been a pattern for months.These guys seem to like sevens.Started .10-.12 hit .17. settled back.Ran to higher high in low .20's then hit .27 settled back to .20 range.Once again moved .30 range hit .37 now settling low .30's.Anywhere in high .20's-low .30's is good place to add.I originally believed we would hit .40 before pullback.This pattern is better because if the pattern follows we should break .40 run to .47 then consolidate in low .40's before next move up.This is a brief observation of what I have seen for months.Of course better than expected news and the mm can not hold us back float to low and to many holding long term.Any one else notice this healthy step up pull back pattern?Night
Healthy low volume pullback/consolidation.Forming a beautiful base in here.Nice
Homer the price range was in a discussion with Bill that it ranges from 400.00-1000.00 a ton I believe.The price is determined on purity,I would say the purer halloysite will bring higher tonage price.Also it would make sense that the purer product would be used in the nano process.I also believe that because this is a industrial commodity companies would get price variations based on size of orders and what they will be using it for.Looks great either way with all commodity prices rising and their are only 2 suppliers of halloysite.Later
Yes mick,This company is one of the safest in my portfolio.I know its bb but their are many solid companys on bb.Just have to find them.We have proven reserves halloysite which we still are guessing what it is really worth for both regular and nano uses.I know it is worth more than .30-.40 a share.We also gold/silver reserves in the ground. Who knows what the value is their.Either way these commodities are not going anywhere and neither am I until we get a full picture of what everything is worth.All I know is its a lot more than the current level.I held wht and cde from under a buck and sold both to early between 2-3 dollars a share and that was nice.This will be nicer because this is a rare commodity with possible nano applications.It takes patience with mining companies,but the rewards are great.Goodnight
Doubloon,You are right as far as technicals on the bb.With almi they work pretty good because it is a no hype solid company.I do not think some of the technicals daytraders use will work here though.We have the power of halloysite working here=SMART INVESTORS-HOLDERS Later
Mick.I am starting to believe that we may get that 1.00 this year also.I previously thought easy double from here but for days now buyers are outnumbering sellers every day.The volume surge today has happened before on strong up moves.I believe it is someone buying large blocks.They are not showing as large blocks,but as small amounts clustered together.Like today big volume surge up to .37.The stock was quiet and trading at .315 by .324.Someone most likely as a example put in a large buy limit order at .36-.37.That order took out all the shares available to that point.Then after that some penny traders took a couple bucks off the table.This has happened a couple times.Better to hold this than trade.Looks great.
Rig-almi I noticed today gnet and data are on bid not on ask yet.Are these new players trying to accumulate?Thankyou
Almi-volume surge hard to get large blocks.Few sellers.Most likely larger investors that got wind of our story.The whole commodity sector is way up in value.With our rare commodity halloysite and the silver/gold properties yet to be mined,buy this and put it away.Thanks Rig
Volume surge.Can we all say undervalued.You have to believe some big investors have caught wind here over last few weeks.Hard to get large blocks because not many selling.Later
CBYI-watch news of acquistion expected soon.Consolidated under.02 after last run under to .06.Gotta love the mm games 200 share trade at .015 very funny.Later guys
Also,do not think eyes are not,notice the nano uses hehe,I am having a ball with the possibilities here and some will become reality. PR Newswire
Inland Southern California's Business Newspaper Online
Home
News
Datebook
Archives
Order/Subscribe
About Us
Contact Us
Homes Sold
This week's list
What's your opinion?
PE.com
PE.net ISP
Noticias en español
Top Companies 2004 Oil/Energy Press Releases Press release distributed by PR Newswire
Atlas Mining Announces Operational Status
Processing Plant is Operational and Processing Halloysite
OSBURN, Idaho, Sept. 27 /Xinhua-PRNewswire/ -- Atlas Mining Company
(OTC Bulletin Board: ALMI), a rapidly growing natural resource and mining
company, announced today the operational status of its processing plant at its
Dragon Mine property in Juab County, Utah.
Atlas Mining President and CEO William Jacobson said, ''We've had a long,
hard summer of site preparation and I'm very pleased to announce that we're
now operational and are processing halloysite. Over the past six months, Ron
Short, Frank Fausett, and all of our guys did an excellent job tackling and
completing all of the many jobs necessary to bring this project to reality.''
Starting in March of this year the company began with snow removal so they
could begin to assess the property and determine pre-operation tasks.
''Since then,'' continued Jacobson, ''we have completed a road-grading
project designed to give better access to the mine in the winter. Also, the
construction of buildings, all of which required ground leveling, concrete
form setting and pouring, and steel building erection. Additionally, our
onsite personnel had to manage and properly deal with incoming mining,
processing, and electrical equipment, 3rd party vendors and contractors, site
visitors and inspectors, etc. This was a fairly small crew, and each had to
wear several hats in order to accomplish our goals. They all worked very
hard, sometimes seven days per week. We are now operational because of their
hard work.''
The Dragon Mine is a rich cache of the mineral ''halloysite''.
Historically, halloysite has been used in the manufacturing of bone china,
fine china, and porcelain products. However, internal and other chemists and
scientists have discovered new uses for the processed mineral. The Dragon
Mine halloysite also has a unique tubular quality, not unlike a grain of rice,
only considerably smaller and hollow. The halloysite microtubules can act as
a time-release capsule, dissolving over time, and can be filled with such
things as antifouling paint, antiscalants, herbicides, pest repellents, and
other agents which could benefit from a controlled release.
About Atlas Mining Company
Atlas Mining Company is a diversified natural resource company with its
primary focus on the development of the Dragon Mine in Juab County, Utah, the
only known commercial source of halloysite clay outside of New Zealand. The
unique purity and quality of the Dragon mine halloysite is unmatched anywhere
in the world and has spawned considerable research into new and exciting
applications for this product. Atlas also holds mining and timber interests
in Northern Idaho, and operates an underground mining contracting business.
Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI." More
information about Atlas Mining Company can be found at
http://www.atlasmining.com .
Safe Harbor Statement
Except for the historical statements made herein, the statements made in
this release are forward-looking statements. Risk factors that could cause
actual results to differ materially from those projected in forward-looking
statements include, but are not limited to, general business conditions,
managing growth, and political and other business risks. All forward-looking
statements are expressly qualified in their entirety by this Cautionary
Statement and the risks and other factors detailed in the Company's reports
filed with the Securities and Exchange Commission. Atlas Mining undertakes no
duty to update these forward-looking statements.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-219-0886
on us:
Mick/Joe This is only my opinion,but others most likely feel the same way.Atlas is only and I mean only valued right now on their core ceramic business for halloysite.No one really even new about this company until releases started coming out about finally producing product.We will see the real move when we hit the main clay bed,contracts and customers are announced.That alone should bring us in the dollar area rather quickly.Now we also have the nano applications not figured in the stock price.Values of gold and silver in the other mines not figured in.The company has a lot of work to do,but the commodities are their and not going anywhere.It is all good for shareholders.Later
Aol poll with a million voting had the debate 50-50 and overall debates 53-47 kerry/edwards.Later
Here is another nanotech company that could utilize halloysite.I post these nano companies not only as possibilities for almi but for your own reference.Nano will be the next tech sector that ran through the roof.May take a few years but start dd the stocks now as many are half what they were the beginning of 2004.Mainly because the nasdaq has stunk.When the markets get footing they will move faster than other sectors.Be selective though. This company uses carbon nanotubes,wonder if halloysite was used in processing what cost would be?Just info for discussion:Nano materials
NEC (Nasdaq: NIPNY) discovered carbon nanotubes and will someday reap riches from royalties it'll earn on the everyday uses for these unique structures. Still, it's debatable whether that'll impact NEC's share price enough to affect its $12 billion market cap. For now, carbon nanotubes are very expensive to produce, but increased research and breakthroughs have dropped the cost a hundredfold. Production costs will continue to fall, and then carbon nanotubes will be used in commercial products, eventually making them a commonplace nanomaterial.
Tech,I am leaning towards scenario 2 without news.I was going to add at the .27 level after the news two weeks ago and they churned it between .27-.285.Couldnt fill around bid.I feel the gap was filled between .25-.30.Also lots traded this week .31-.325.So I am thinking .30 as support.These little steps are great technically very controlled backing and filling.RSI overbought 80% short term shows us in the .40 range.All week moneyflow was great and buyers outnumbered sellers.I also believe we do not have a lot of pennie traders here and the investors buying realize their is the potential for any number of PR's so they are buying and holding.I am sticking buy my prediction of double from here by xmas maybe more depends on how many,size of contracts.Over 1.00 1st quarter next year.All that could change upwards with contracts though.We already know we have some committments so I see little downside from these levels both technically and fundamentally.Lets not forget our little nano nano division.Gonna be exciting times here next few months.Later
Thanks AV,I have started to pick up some shares of select nano stocks.I have done a lot of research on the industry over the last 1 1/2.Very exciting,what we need is a upward bias in nasdaq to get them rolling again.In my opinion when the markets firm up the nano companys will offer the greatest gains.Especially since a lot are way down off their 52 week highs.Thanks again later
LMFAO Doubloon,brings back memories when my kids were that age.Thank god thats over.Have a good weekend.
Robj,good idea as far as finished product goes.Most do not even understand the nano market and how vast it is.I have a very good understanding but with some of the companies and what they are doing you need to be a damn scientist to get it.Altair alti is another one that I believe our product would be useful.I am just giving examples their are probably many more companies in each sub-sector.Will provide for very interesting conversation over the months to come.Later
Robj,you are exactly right.Companies like dupont and dow chemical are pouring billions into nano.Also their are companies already making money in the sector that continue to pour money into research.As a example take accelrys accl in the nano sector it is possible that the halloysite usage for nanotubes would benifit them.Their are virtually hundreds of possibilities.The breaking down of molecules will make ceramics stronger,paint more durable etc.You are right not only can halloysite be used for the tubular process which all companies will need to develop these products but also the final product is most definitely not out of the question.Best of both worlds.Later
Once again today Buys and size out number sells looking at level 2 and time and sales.Consolidation here should not be to much longer not many sellers nice size buyers.Later
Rabbit,I agree most are holding.No reason not to,we have gone from development to production.The next pr will be about customers and orders being filled and or nano information-their strategy.Would not want to be out of this stock as more info that relates to revenue comes out.Exciting times and I do not get excited.Been doing this a long time.Later
Rig,Watch atco from Rb He is postng nonsense and no facts.Night buddy watching some Bball.