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Most of us own shares at an avg cost above a penny. With the potential of NEWC We are hoping for much more than a run to a penny
Hopefully it's building the next level of support. Let's see how it closes today
The selling continues!! Relentless!! I'm still holding many shares
Ouch...The selling continues. The bid getting hit relentlessly.
Relentless selling continues..
Its Below .005. Very frustrating
It would be nice for a follow up on this past news announcement http://www.prnewswire.com/news-releases/new-colombia-resources-announces-a-letter-of-intent-for-us-200-million-for-development-of-their-coal-mine-project-in-colombia-585026181.html
The bid was just hit.
878k on the bid. Let's hope this doesn't get hit and buying generates on the ask
802k on the ask. :(
The bid keeps on getting blasted. Let's hope we build additional support
And continuing. Very disappointing
Relentless selling continues
I already have a significant amount of shares
Relentless selling again today.. Monday morning QB , I wish I would have sold months ago and been buying back at these levels
Relentless selling... another 540K hitting the bid at the close.
I'm holding and hoping for the same.
The relentless selling seems to be continuing. The company appears to have so much potential but yet the blocks of selling have been non stop everyday
A lot of good updates but this relentless selling will not stop. I'm still holding and wishing for the potential of this company to come to fruition
It's never better to see selling over buying. I'm still long many shares and IMO feel this company has the potential to run back to 5 cents and beyond if NEWC makes progress with all that's in the pipeline
MM CFGN has been on the ask with non stop selling.
I have been holding and adding for almost 2 years. The PPS next level of support would be nice to see.
That would be nice... IMO I think the potential can be much higher
Is this short report accurate? If so, potential short squeeze?
http://otcshortreport.com/index.php?index=NEWC#.VpEkor0YDl2
I agree. I think the potential is enormous and hoping that patience will payoff.
Support seemed to be building at the EOD close. Buys are hitting the .015 ask and a new MM CFGN didn't budge
IMO. It's a good sign that the stock came back from the day's low and support is showing.
It looks like the PPS went down 40% from the HOD on less than 150k shares.
Its looks like this was addressed in the last letter to the shareholders. Lets hope it gets completed sooner than later
http://www.prnewswire.com/news-releases/new-colombia-resources-inc-issues-letter-to-shareholders-576722881.html
BOGOTA, Colombia, April 22, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (OTC: NEWC), a U.S. company with natural resource assets in Colombia is pleased to post this letter to shareholders…
Dear Shareholders:
I'm happy to report that we are finally on the path to significant cash flow. We realize the extreme importance of being current with our SEC filings and are taking steps to do so. Our limited cash resources were used to build two businesses, aggregate and coal mining and Medical Marijuana products in Colombia. Company current assets, most liabilities, subsidiary ownerships, business plans, etc. are all in the 2014 audited 10K Annual Report filed last year.
To our service providers and debt holders we appreciate your patience and belief in us. We are making every effort to prepare our 2015 10K Annual Report and subsequent Q1'2016 quarterly report. Our accounting firm should be able to move quickly once they receive payment. Before last year New Colombia Resources had never been not current and always filed on a timely manner. Going forward we don't anticipate this happening again as we aim to trade on a higher exchange.
Medical Marijuana
Our Sannabis subsidiary is a medical marijuana pioneer in Colombia operating in an area notorious for growing high quality marijuana all year round. Our partner, Juan Pablo Guzman, began spearheading a legal hemp and cannabis industry in this region 20 years ago. A recent article labeled this area as the "Lost City of Marijuana." Click here for photos http://qz.com/652788/the-biggest-losers-from-colombias-historic-peace-deal-poor-marijuana-farmers/
Our aim is to change from "lost city" to "burgeoning city" by socializing our project to indigenous families to grow for us on the reservation using our strict organic and security protocols. Many have embraced us and are now proud to be involved in this legal industry providing their native medicine to the ill while providing for their families. Most indigenous families strongly oppose illegal drug trafficking and are anxious to not only grow quality organic medicine but create ancillary businesses that will provide value added jobs and products. They have used the cannabis plant to cure for generations and can't comprehend the fuss it causes around the world. We're committed to dominating the domestic medical cannabis market in Colombia, however, I'm focusing heavily on the international market to sustain our region.
Late last month we hosted a representative of the Ministry of Justice's Drug Policy Council that was responsible to drafting the presidential decree legalizing medical marijuana last year. He was impressed with the protocols we use for organic growing and processing, and security. We use strict measures to guarantee no illicit marijuana will leave our facility. The transparency with them since our beginning in 2014 has paid off greatly.
This past Saturday mayors of the municipalities mentioned in this article visited our medical marijuana fields and laboratory on the Nasa Indian Reservation. We hosted a 3-hour discussion and education seminar on this new industry using Sannabis as a model of how a legal medical cannabis business should operate. We expect joint ventures with these municipalities and will announce them one at a time. We operate in a conflict zone that will benefit from Colombia's pending peace deal. Many organizations are looking for projects to fund that will put people to work in this region, several international organizations are interested in what we're doing.
We'll announce significant sales, joint ventures, and associations as they happen.
Mining
Yesterday the Vice President of Colombia inaugurated the construction of the San Miguel Interchange of the Ruta del Sol road project, part of Section 1 of the 1000 km mega project. Section 1 is all complete except 23 km that runs through our property. We will supply the material for this road then use it to move coal to the ports. Click here to read about the inauguration http://www.radiosantafe.com/2016/04/21/con-intercambiador-vial-san-miguel-avanza-comunicacion-de-villeta-con-guaduas-y-la-ruta-del-sol-1/
New Colombia Resources owns Concession Contract # ILE-09551 for coal and other minable resources. Our Blue Gem Coal is used to make silicon metals for solar panels, electric car batteries, and portable electronics. Although we have exceptional quality coal and our work permit was approved in late 2013, the coal industry collapsed so we turned our attention to aggregates to supply the many local road projects in Colombia. In 2014 we purchased a rock crushing plant capable of processing 1000 m3/day. This past January South American Explorations completed a comprehensive Work Plan for extraction of building materials that we submitted to the Agencia Nacional de Mineria (ANM) in February.
We received notice this week that the mining agency will perform a site visit on April 27, this is the final step to approvals. The submitted work plan is for one work shift of 225,000 m3/year of processed aggregates, our breakeven point is 135,000 m3. Anticipated sales for the first year of operation will exceed $ 3,000,000, the cash flow will be used to begin extracting metallurgical coal. I'm in discussions with Kentucky metallurgical coal miners that sold out in Kentucky but still have huge equipment, experience, and customers we can use. I expect coal from Colombia to replace the metallurgical not being mined in the U.S. but has increasing demand. Colombia is the largest importer of coal into the U.S.
We are setting up a meeting with the road contractor this week to enter into a purchase contract. We are in Guaduas, to see the road project click http://www.consorciovialhelios.com/proyectos.php?seccion=3
To learn more about investing in the Building Material industry in Colombia visit http://www.investincolombia.com.co/sectors/manufacturing/building-materials.html
Some of you have been here to see our operations, I invite all of you to do the same. Please email me for documentation of any item mentioned is this letter. I look forward to keeping you current on all developments.
Sincerely yours,
John Campo
To view or buy Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Company Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
+1-410-236-8200 USA
jcampo@newcolombiaresources.com
info@newcolombiaresources.com
Sannabis SAS
http://www.sannabis.co
SOURCE New Colombia Resources, Inc.
Is this an accurate report?
http://otcshortreport.com/index.php?index=NEWC#.VpEkor0YDl2
Very Frustrating .. Hoping patience will payoff
I bought more today.. Anyone else see this gamble as a pretty good one? With all the recent news which appears to be positive company updates maybe the PPS is cheap now.. I thought the same when I loaded up last year under a penny. Anyone else think its a good bet around this PPS?
I'm buying
That is what I'm heavily betting on..
I bought more today and seems heavy on the offer. Great news great progress and we are going backwards.. Makes no sense.. This is why penny stocks are such a gamble. I think in the long run we will do well... IMHO
Ouch.. I bought more yesterday... I think we simply stay patient