is leveraging all of Canada's mining industry, lol!
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From Shiningtree.com:
In the late 1800's, an Ojibway canoe route from Bear Island, in Temagami, to the Mattagami First Nation, north of Gogama, passed through what is now known as the village of Shining Tree.
Because of the numerous White Birch Trees growing in the area, especially on McReae Island, the area became a landmark and was referred to as "Wasakwagama".
"Wasa" meaning 'shining', or in this case 'white', and "Kwagama" a combination of the word 'tree' and 'water' (pronounced quagama).
This has been translated to "the place where the shining, or white, trees reflect on the water". The Ojibway established a small settlement here in approximately 1896, referring to it as "Wasakwagama".
The first white settlers, Mort and John Moore, arrived here in 1905 and established a fur trading post. Whether by mistake, or for their own convenience, they translated the native name to "Shining Tree" and called their trading post the "Shining Tree General Store". They applied for a post office license in that name and in 1911 John Moore became the first postmaster. The town was referred to as Shining Tree from then on.
In 1917, a one-room school was built by Mr. Ed Bradley. Both the store and school were heated by large wood stoves.
Gold was discovered in the area in 1911. A large forest fire in 1919 laid bare much of the bedrock and was a blessing to prospectors who discovered more sediments in the area. In 1933 an article in the New York Times, referring to the White Rock mine at Violet Lake and mines at Three Ducks Lake and Beaver Lake, claimed that this was the biggest gold rush since the "49ers" of California and the Klondike rush of 1896.
The largest gold mine in the Shining Tree area, The Ronda Mine, near Michiwakenda Lake, was opened in 1939 with $6,000,000.00 invested in it, a huge sum for that period of time. By that time, with the discovery of gold and several lumber camps operating nearby, the population of the Shining Tree area swelled to over 900 residents. A large hotel and rooming house was constructed in 1930 on the lakeshore where Three Bears Camp is now located, and numerous log cabins could be found on the west arm of the lake.
In 1942, most of the mines were closed due to World War II. That same year, the hotel burned down. If one was to look carefully, the remains of some log cabins and mine shafts can still be found around the lake shores in the area.
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Platinex has a lot of info on their site, they have a Shining Tree gig going too.
http://www.platinex.com/properties/shiningtree_gold/index.htm
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It seems like this area is fairly famous for it's gold veins. Having played around in a few gold stocks a few years back, what I basically found out, is thaat it's more expensive than anyone realizes to mine and process gold, or any mineral for that matter, kind of like how oil at 30.00 a barrel runs off all the wildcatters, and oil at 100.00 means 100 new startups a day.
Gold at over 1000.00, is pretty much profitable at even the smallest of concentrations, at the levels SRSR is finding at Shining Tree....well, you can see it didn't take long to hustle a drill rig over there and get the ball rolling.
Dragynn
I use TDA and I can't even get level 1 on ALLRF? I see by the chart on stockcharts that AAA.V is trading briskly, so how do you buy?
Sweet scalp this morning! Thanks!
Any chance of another dead-cat tomorrow?
Another record high for gold, 1069 intraday.
Crazy man!
Quick answer:
Stuck right now between the 200dema at just under .06, and the 20dema just overhead at .07
It's a little touch-and-go. I added Friday on the basis of both support at the 200, and the PR about setting up a drill rig at Shining Tree this week.
The 20 is declining, and pinching the price hard. Still looks way oversold to me.
.06 is holding like a champ so far. This week may wind up and look boring, but it's crucial.
GLTU.
Dragynn
OMG! FUNNIEST THING I HAVE SEEN IN DAYS!!!
So sorry for any SPNG peeps that didn't get out in time, but this video says it all!
Gold at 1058.00, it hits 1100 and I have to believe we have a new floor at 1000.00. It seems SRSR believes it too, the rig being set up this week, maybe we get drill figures by end of month? Tex, Spark, you guys know timelines better than I do, any idea when we could see preliminary results?
I'm here! Just watched that uptick with no small amount of satisfaction! I think Columbus day is weighing on a lot of stocks, seeing light volume in a lot of small and micro-cap stuff.
Doing research on gold, copper and REE's in the meantime, and also commodities in general...liking what I see from an investment standpoint. Some experts talking a lot about the lack of new "supply" in a lot of areas, mining being a biggie, bodes well for SRSR and others IMO. Liking my position here more and more, glad I added Friday!
GLTU!
Dragynn
Don't it make you wanna dance?
R.I.P. Rusty Wier, they just don't make 'em like you no more.
Well that's buying too. I have already seen two different posts today where you said that you thought that no one was selling, and further that it was just MM's selling to each other.
I had very valid experience to share regarding those claims, having personally purchased shares in WAMUQ today.
I don't understand why shorts would have a harder time buying than I did. Perhaps you can elaborate.
I had no problem buying today. Filled me just fine at .225.
Haven't had a problem yet in fact, in buying or selling this stock, i'd have to look back to be sure, but I believe that's 8-9 transactions in the last month.
My thoughts exactly. At least about the 200dema bounce, and I hope you are right about the run part!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42232778
Nice day yesterday!
I-box sure is full of charts, and old news too. need a new mod here.
Easily. Licenses, insurance, bonds.
Plus new equipment? If they had to buy from the ground up, it was expensive. Trucks and tools aren't cheap. Then hiring crews etc., it always costs a hella lot more than people think.
Again, i'm long, so in no hurry, nice pop from .003's today, smart trading for whoever bought at these levels, I guess they win, and the naysayers lose, again!
Hey, I bought some cheap! Guess I'm one of those winners! Feels pretty good!
Thanks LJ! Hadn't checked the site in a while, good to see a name put to the Denver operation.
So I wonder if they bought this company turnkey, or opened it with this name? Either way, it explains where some of the money they used from selling some stock earlier in the year went, and perhaps the rest went to retire debt, or to just hold a cash position for materials etc.
Now they need to step up and give us the full financials and pay pinks**ts bribe to get those charlatans off their back, and hopefully we are into profitability by at least the fourth quarter...if so, it will be a good spring next year IMO.
Good luck to you,
Dragynn
Hey Texas! What do you think about SRSR's latest PR? I added on the news, and what i'm wondering, (and I know you know this company a LOT better than me), is if you think they might be willing to do at least a temporary JV to mine that gold? Seems like it would totally take care of any cash issues for the near and mid-term, and allow them to fully exploit their other holdings. Thoughts? Just whenever you have time amigo!
SRSR-gold mining news.
It seems like a lot compared to some i've seen lately, i'm like you, something of a novice there, but check out AGT's last press release on production for comparison, they detailed their production fairly well, and they are averaging only a few grams, around 4 I believe, per ton, considerably less than this. And they are bouncing along nicely!
http://finance.yahoo.com/news/Apollo-Gold-Third-Quarter-bw-1733754353.html?x=0&.v=1
Nice news! Smart timing too, current prices make almost any percentage worth digging for, moving the rig next week too! Just added at .0625 when I got Merle's e-mail!
Good luck today all!
Dragynn
We've already gone over this, on this board, in some detail. We know when they added shares, and why.
960,000.00 market cap. This may be the most undervalued stock on the market.
If you don't like it, then don't buy any.
I did. I am one of the posters I referred to. And I reported the result of my call here as a good member of the community, even though I wasn't especially happy with the answer I got, I still reported the truth.
240 million OS, at the current price, NSMG's market cap is now less than a million dollars. They do that much in sales in about a month and a half. How can anyone say it's not a bargain at the current price?
Again, I am no hurry here.
Not really. OS is just over 240 million. Hasn't changed in several months, as verified by phone calls from more than one poster here to the Transfer Agent. And posted repeatedly.
Transfer Agent
National Stock Transfer, Inc.
Salt Lake City, UT 84105-2425
Phone: (801) 485-7978
I urge everyone to call for themselves, make the effort to actually do some DD, it does wonders for your ROI!
LMAO! All I have to say really! Today is too funny!
What a great day, I got asked Tuesday night to perform poetry in an indy film! Pretty flattering, got a lot of nice compliments that night, looking forward to next week!
Laughing at some of the trolls hereabouts too! Kinda like watching my boys when they were teenagers, just gotta smile and laugh as they puff up and act silly!
LOL! The Bengals and Cetek? I thought Spongey was the baseball stock?
And I have to tell you, Poughkeepsie made the list of highest per capita incomes, that's new! And bodes well for our beloved Cetek, big smart money in Poughkeepsie, yessir!
You're replying to a post from 3 years ago?
Wow.
Again...wow.
And by wow I mean ridiculous.
Is that all you got? Really?
Not JUST a hurricane play is what was stressed, but still a hurricane responder, Scott said a hurricane would just be icing on the cake basically...FWIW.
Still bagging it, lol, but avved down nicely the last couple days. I remain optimistic, cautious, but optimistic for the future.
Playing it by ear, I just got back in, have been in and out a couple of times, made some really nice gains. Was hoping for high .005's at least.
Flash trading man, they are getting the most out of it before it's illegal. .0035's are triggering buys, .004 and over is triggering shorts and sells. Just IMO, but sitting here watching it, it sure looks it.
Somebody is stepping on this, that is some dirty trading going on.
OWVI just got the mid-day pump from Stockegg. may run from here. eom
Just got mid-day e-mail from Stockegg, OWVI is on there, Stockegg gets big hits on their website according to figures from Compete, could be a nice run this afternoon! Just thought I would give a heads up.
Dragynn
Nice volume today, about 4 times average though not as much as we saw on the recent highs. But still a very good sign IMO, we may be getting some exposure here, hope the trend continues, I added just a smidge to my position today(seems awfully cheap right now!).
GLTA!
Dragynn
Yes, me too Releasemas. Especially the part about them being here a looooooooong time.
Yikes, I haven't even held a grudge against any of my ex-wives for that long, and they ripped me off waaaaaaaaaaaay worse than any company on the stock market ever will!
Well, from everything you've said, he's very cheap, it may be him buying those 100k blocks.
:o
ummm, when it is trading sideways, there's really not a lot of need for any indicators. sideways is sideways, call it support or resistance at that point, doesn't matter.
When a stock is trending however, I can promise you, that EMA's work a LOT better than simple MA's, I have tons of empirical evidence, and chart captures to prove it, and I can point out dozens of examples right now.
Okay, deep breath...TA, JMHO....
Most TA guys I know, use exponential moving averages, as they give more weight to recent price movements, simple MA's are only useful in that some FA and momo traders glance at them from time to time and sometimes you can predict a minor move based on that.
The 200 day EMA is currently riding under the PPS, that's a good thing, as much as it can be an 800 lb. gorilla when it's on top, and declining, so it can also offer strong support. the shorter term averages however, are weighing on the price, the 20dema especially driving down the price. I believe a move to test .06 hard is imminent. the sideways movement is dragging this process out, but we have a pincer type movement going on as the dema's squeeze the price tighter and tighter, that will have to pop at least a bit soon.
IMO I don't see it failing .06 just yet, it would take some strong selling pressure for that to happen, and at this level I don't see that in the chart, the volume is generally higher on the up days, and while money flow, OBV, and RSI are in rough shape obviously, they are also saying that this stock is somewhat oversold right now.
.06 is a good bet for a support buy IMO, that's why I asked about level 2 earlier. Of course if the market as a whole panics, then all bets are off, but at this price, as a ten year TA guy, i'd say it's a buy, hold a tight mental stop, but downside support is quick at .05, and even more at .04, so evaluate according to the size of your position and risk tolerance. Potential upside is documented here fairly well by other folks, previous highs, at the least, are always re-attainable.
"buy support, even if it hurts", old saying i once read..
GLTA,
Dragynn
Yep, I have TDA as well, no level two on pinks, just listed and BB's, was hoping someone on here had it. Will pay for a subscription once my pockets get a little deeper, lol, but for now, i'm a junior miner/investor!
GLTU!
Can I trouble someone for a level 2?
Just need the ask really, about to add some to my position.
Thanks!
Dragynn
SRSR getting very cheap now, time to add while the heat's off? Any time frame guesses as to when actual mining will commence? All replies and opinions appreciated!
Dragynn
Any proof about where that money went? Any links? Financials? Anything? Or just more hearsay?