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.
I hope you were lucky enough to get in on GCU early. I know someone here mentioned it early on since it ended up on my watch list. Unfortunately for me that is where it stayed and I never did buy it.
MMT I consider a 2-3 bagger from here if UMU-9 proves up another structure and they are able to boast reserves significantly. They could be much more if they can get hold of another field with some new local partners. I really like the Nigeria marginal field story. Lots of high grade oil with reduced drilling risk because you are dealing with a proven field.
JFF7
ARF.to ready to make a move.
Debentures moving up today indicating that the company will be able to make financial arrangements before the end of the month. Stock has dropped from 16 bucks to today.s 3.82 in a couple of weeks. Bounce coming up as they come to terms on their financial credit arrangements. Movement of debentures up is strongly suggesting this will happen and then the stock price will follow.
JFF7
"....certain claims made by third parties which suggest that the rights over the Lomero Poyatos property are in dispute."
That's not good. Why are they acknowledging these supposed interests now? Usually companies do not acknowledge anything until a lawsuit is filed. Maybe because the vote and transfer is getting close.
JFF7
I think you are misreading the situation myself. They want oil prices to fall so that the consumers and the business environment can thrive better, so more jobs can be created. They are trying to nuture an ailing economy back on it's feet by giving it low oil prices, cheap money, and more importantly time to get on it's feet.
Oil stock prices have already discounted lower oil prices. Oil stocks can get swept lower by a general market downturn but not so much by lower oil prices.
JMO, JFF7
Hey Lone, do you think there is much upside left this year for Argonaut Gold (AR.TO)?
JFF7
Try TRE.to .....
Oops another one.
JFF7
good to see PTQ holding it's own today.
The general market close is looking dangerous though. If the US markets turn over, it could be a another 10% down correction for the markets. Most stocks will fall with it but maybe PTQ will be different. Showing some strength today in a down market.
A close like this bodes for a bad day tomorrow as well.
Fridays job number look very important as to determining which direction we go in.
JFF7
there are many gold juniors that are reacting nicely now. That's what I am basing my opinion on. I would buy the good ones that have not moved yet but continue to watch the others. If the ones that have already moved start to give back then I would exit my positions. Just seems to be a lot of signals saying it's time to close the divergence between the underlying commodity prices and the commodity stocks. At these prices, even with the political skiddish-ness, PTQ is a good buy.
I tend to be early in as a rule. Sometimes that means having to exit and re-enter. I also tend to be early out though. But as long as you make money, who cares. That's what we are here for.
JFF7
yes you don't have to be the smartest to make real good money. Day trading is for technicians that pay very close attention to the markets and are disciplined traders.
You seem to have a lot of common sense when evaluating others' comments. That will get you pretty far. Also pattern recognition skills help immensely.
If swing trade works for you, go with it. Too many people try to be successful at too many strategies. There's lots of ways to make money. Pick one, get good at it and stick to it.
Regarding PTQ, I would like to pick up a lot of shares right now. The larger market sector is changing quickly. Risk trade is back on. The same non-PTQ reasons which brought PTQ below a buck will quickly reverse and take PTQ back over a buck. Timing is coming from the sector changes not from PTQ.
JFF7
JAL,
I do believe you are getting pretty market smart. Congrats!
You keep learning at that rate and overtime you are going to make a lot of money.
JFF7
BGM.v
I haven't owned BGM for a while but if I remember correctly this is the first time Callahan has taken a property through to production. Hr seems to be past the time when there is the most need for dilution and eventual reverse split.
JFF7
MLG may come back down later this week but I think this is a possibly part of a bigger turn in the market. The small / micro cap resources stocks seem to be bottoming and turning up this last week. There is quite a bit of stock behaviour that is pointing this way.
Not saying to jump in but certainly people should be nibbling at this point.
REEs have been among the hardest hit in the pull-back the last few months. Heavy REEs would be a good buy at this point. Even small cap oils are starting to turn up though.
I am already mostly in but with confirmation of the move up might start with some margin.
JFF7
LOL Lojiko...you starting to sound like the JAL Mark II !
I think both you and Jal should keep demanding to see evidence of claims that sound too good to be true.
When the undocumented claims are growing bigger but the share price is falling, then that is the the best course of action.
Also, it seems to me that even if the amount of gold ends up being so rich that PTQ has a valid claim to gold found by Inmet that the definition of "deposit" will become a point of contention and much argument. It could go on for years in the courts.
You will end up with one of two situations:
1) Inmet would do some drilling and then determine it to be a gold deposit and simply stop mining the deposit or
2) Inmet would continue mine the deposit but would claim back the cost of mining the gold to recover their costs. Those costs would certainly reduce their overall costs and probably be on the high side.
JFF7
I wonder how much truth there is in the rumour that Hedge funds are long commodities and short commodity stocks. That would explain a few things about the price action on commodity stocks the last few months.
JFF7
margin requirements on oil going up?
http://forums.wallstreetexaminer.com/index.php?app=core&module=attach§ion=attach&attach_id=2850
JFF7
You know the answer to that question.
JFF7
I've already seen some 200 MDAs (other oil juniors) collapse but most are holding so far. Still nervous but holding what I own.
JFF7
I would think it means May 31 is the latest they expect to be filing the annual report. This may be based on how long they they were given or negotiated with the securities commission.
They are chasing documents that may give them a better effective tax rate so it may be worth the wait. Yes they should have got this done before annuals were due. I would bet they were surprised by this opportunity to improve their situation and that the difference was worth delaying the annuals.
I hope they will get the annual results filed and then get the dog and pony show on the road. I don't want to hear about any more analysts that specialize in junior resource stocks that say they have never heard of Mart.
Time is coming soon to start knocking on some doors and getting the word out. With the exception of the annuals, they have everything they need to promote the company.
JFF7
MMT.V
I keep saying it: broaden the shareholder base and you'll get a much better price reaction to the good news they put out. A narrow shareholder base amplifies the negative news to the downside and stifles the reaction to the positive news to the upside.
They just need the annual results put to bed and then they will be able to hit the road with their new reserves, new production results, and future drilling plans.The pipeline capacity issue has been put to rest right up to and including UMU-8.
Time to start planing the dog and pony show for June.
JFF7
talk about a glutton for punishment. Your worse than me. Maybe worse than DigiTech. (Ok not that bad...LOL).
JFF7
yep I think this news is baked into the price.....this has the biggest impact on the spinout company (PDI) I would think. Not as much business in the short term?
JFF7
MMT.to
I'll wait for a more experienced opinion but on the face of it, it would appear that UMU-7 initial results are not as good as UMU-6. Less pressure (180 psi while all of UMU-6 were at least 410 psi ). 36 api vs 40-42.5 api in UMU-6.
Still I think it is a case of us getting spoiled by previous results. Everything they find is accretitive to an already undervalued stock.
JFF7
Lojiko,
no one is arguing about the grades as stated in the 43-101 but that does not mean that what is pulled out of the ground matches the 43-101. Until it gets processed and reported, we don't know what the actual grades are.
Has PTQ being reporting what the grades milled are and the recovery rates? Even then you cannot be sure that the stockpiled ore is not a lower grade and that is why they have chosen to stockpile it.
JFF7
maybe the market suspects low grade ore.
JFF7
sometimes companies stockpile lower grade ore that they can use with a leaching process. It might be what they are doing.
JFF7
go to Sedar. You can find the previous reserve report there.
It cam out in the first week of may last year right after the annual report. Would expect the same this year.
It will probably not include reserves from the UMU-7. Reserve reports are usually reports that are "as of" a certain date. Usually year end (Dec 31).
JFF7
Coastal Energy (CEN.V) +60 6.79 (+7.75%)
Finally some good news and a little movement.
COASTAL ENERGY ANNOUNCES NEW DISCOVERY AT BUA BAN NORTH
HOUSTON, TX, Apr 11, 2011 (Marketwire via COMTEX News Network) --
Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO) announces the successful results of the Bua Ban North A-03 exploration well.
The Bua Ban North A-03 well was drilled to 5,346 feet TVD and made a discovery in the Miocene interval. The well encountered 125 feet of net pay with 28% average porosity. The A-03 tested a fault block which is south of and deeper than the Miocene discoveries in the A-01 and A-04 wells. The Company estimates that this fault block contains approximately 20 million barrels of oil in place.
The Company plans to suspend the well and then complete it with a workover rig once the MOPU arrives on location in mid-May to begin production testing.
Randy Bartley, Chief Executive Officer of Coastal Energy, commented:
"The A-03 well not only significantly increases the oil in place at Bua Ban North A, but reinforces the prospectivity of this part of the basin. Coastal has now discovered an estimated 55 million barrels of oil in place with four wells in less than two months.
"We are moving the rig to Bua Ban North B while the MOPU is being mobilized to Bua Ban North A. Not only will we begin testing further Miocene targets, but we will also test the highly prospective Oligocene and Eocene targets in the northern part of the basin. During this time, we will also be able to fully evaluate the data from the first four Bua Ban North A wells and formulate a larger scale field development plan, including horizontal wells."
http://www.digitaljournal.com/pr/273769
Littlefish
MMT.V,IAE.V,STP.V,AOI.v,CEN.V (also hold ARN.V and SCS.v)
MMT is biggest holding.
JFF7
Oil Juniors
a little disappointed so far this year with my oil juniors. Oil prices are going through the roof but the price of my oil juniors hardly moves. No recognition for the higher oil prices effect on cashflow and earnings.
Don't really understand why but I am being patient.
JFF7
LEA.v
Smithgee is saying rumor of April 19th for reporting.
JFF7
LEA.v/LDRXF.pk
we're about a week later that last year when quarterly results came out. Anyone have any idea why they are later this year?
JFF7
Better value than ever (from Petka on IV board)
1 Today oil prices are 25% higher , if you could buy the shares at the same price as when oil was at $85 , you would be getting a good deal , with 25%more value
2 Most share prices are 10-20% lower meaning the value for the dollar invested is another 10-20% higher creating up to 35%-45% higher total value considering point 1 .
3 Mart more so than any other company in the oil universe , {that i,m aware of } has added a crazy 100% or more in value with the last big #6 well , with sucessful drilling . Now with the 15 different zones and 380 ft.oil pay , the #7 alon with the #9 to follow off the same drilling pad , will probably add another 200% to value ,{ or has the best low risk crack at it , that I,v ever seen} .
4 Helping reduce the risk is the falling american dollar . As of late , it it has fallen at least 10% . $100. a barrel oil will only cost me $90. in canadian dollars , or any other currancy that has risen 10% against it . It pays to own what is real and what the world really needs , so when the american debt riden dollar goes down another 50% oil goes to $150.00 but doesen,t cost me any more as my dollar has gone up 50% . Therefor $150. oil still only cost me 100 dollars canadian . It,s the same for any other rising currency . In Germany an older man told me one or---two million in the currency or a wheel barrel of money would buy one pair of shoes when he was a boy
5 If the reality is , that , these huge percentage compounding , never before seen wells ,{ for such a small capitalized company} are actually on stream 90% of the time , then the impact of the production being off line due to local tension , is weighing far to heavily on marts share price . If each well creates 50-100% increase per share in value at a crack , and if I,m off line 10% of the time , as a share holder , my shares still have a 45%-95% higher value created per well in real money . If these are the facts , why speculate somewhere else , go for it , it,s there for the taking gold on the platter .
6 For these times of trouble , wars , and debt would,t it be nice , to be making , twice or three times as much money per share at$55.00 per barrel than now , because net production is 7 times what it was at year end 2010 .
http://www.investorvillage.com/smbd.asp?mb=12706&mn=1287&pt=msg&mid=10297317
Better value than ever (from Petka on IV board)
1 Today oil prices are 25% higher , if you could buy the shares at the same price as when oil was at $85 , you would be getting a good deal , with 25%more value
2 Most share prices are 10-20% lower meaning the value for the dollar invested is another 10-20% higher creating up to 35%-45% higher total value considering point 1 .
3 Mart more so than any other company in the oil universe , {that i,m aware of } has added a crazy 100% or more in value with the last big #6 well , with sucessful drilling . Now with the 15 different zones and 380 ft.oil pay , the #7 alon with the #9 to follow off the same drilling pad , will probably add another 200% to value ,{ or has the best low risk crack at it , that I,v ever seen} .
4 Helping reduce the risk is the falling american dollar . As of late , it it has fallen at least 10% . $100. a barrel oil will only cost me $90. in canadian dollars , or any other currancy that has risen 10% against it . It pays to own what is real and what the world really needs , so when the american debt riden dollar goes down another 50% oil goes to $150.00 but doesen,t cost me any more as my dollar has gone up 50% . Therefor $150. oil still only cost me 100 dollars canadian . It,s the same for any other rising currency . In Germany an older man told me one or---two million in the currency or a wheel barrel of money would buy one pair of shoes when he was a boy
5 If the reality is , that , these huge percentage compounding , never before seen wells ,{ for such a small capitalized company} are actually on stream 90% of the time , then the impact of the production being off line due to local tension , is weighing far to heavily on marts share price . If each well creates 50-100% increase per share in value at a crack , and if I,m off line 10% of the time , as a share holder , my shares still have a 45%-95% higher value created per well in real money . If these are the facts , why speculate somewhere else , go for it , it,s there for the taking gold on the platter .
6 For these times of trouble , wars , and debt would,t it be nice , to be making , twice or three times as much money per share at$55.00 per barrel than now , because net production is 7 times what it was at year end 2010 .
http://www.investorvillage.com/smbd.asp?mb=12706&mn=1287&pt=msg&mid=10297317
MMT.V A Pump form Petka on IV
Better value than ever
1 Today oil prices are 25% higher , if you could buy the shares at the same price as when oil was at $85 , you would be getting a good deal , with 25%more value
2 Most share prices are 10-20% lower meaning the value for the dollar invested is another 10-20% higher creating up to 35%-45% higher total value considering point 1 .
3 Mart more so than any other company in the oil universe , {that i,m aware of } has added a crazy 100% or more in value with the last big #6 well , with sucessful drilling . Now with the 15 different zones and 380 ft.oil pay , the #7 alon with the #9 to follow off the same drilling pad , will probably add another 200% to value ,{ or has the best low risk crack at it , that I,v ever seen} .
4 Helping reduce the risk is the falling american dollar . As of late , it it has fallen at least 10% . $100. a barrel oil will only cost me $90. in canadian dollars , or any other currancy that has risen 10% against it . It pays to own what is real and what the world really needs , so when the american debt riden dollar goes down another 50% oil goes to $150.00 but doesen,t cost me any more as my dollar has gone up 50% . Therefor $150. oil still only cost me 100 dollars canadian . It,s the same for any other rising currency . In Germany an older man told me one or---two million in the currency or a wheel barrel of money would buy one pair of shoes when he was a boy
5 If the reality is , that , these huge percentage compounding , never before seen wells ,{ for such a small capitalized company} are actually on stream 90% of the time , then the impact of the production being off line due to local tension , is weighing far to heavily on marts share price . If each well creates 50-100% increase per share in value at a crack , and if I,m off line 10% of the time , as a share holder , my shares still have a 45%-95% higher value created per well in real money . If these are the facts , why speculate somewhere else , go for it , it,s there for the taking gold on the platter .
6 For these times of trouble , wars , and debt would,t it be nice , to be making , twice or three times as much money per share at$55.00 per barrel than now , because net production is 7 times what it was at year end 2010 .
http://www.investorvillage.com/smbd.asp?mb=12706&mn=1287&pt=msg&mid=10297317
yup....knew that about the directors not selling...certainly a positive for the company.
But I am waiting for the dust to settle on the new mining law before I buy any more.
JFF7
MMT.V / MAUXF
Yes it trades on the venture exchange in Canada but also in the states under MAUXF.
Regular North American exchange hours.
Yahoo quotes are delayed quotes.
Well worth a good look. But patience is the word to describe what is needed to invest in this company. Lots of potential.
JFF7
and they don't actually own the shares, they own a right to purchase shares at a specific price. It cost them nothing to hold options given to them for nothing other than their services rendered as directors.
I hold only a small number of shares.
JFF7
MMT.v Analyst rating change
Looks like Verbonac from Union Securities has changed his rating to out perform from a hold. I am assuming he is the only analyst covering MMT.
http://www.reuters.com/finance/stocks/analyst?blob=&symbol=MMT.V
JFF7
AIA.V My first impressions
Looks like an explorer to me, not ever a producer.
Three properties and they are looking for more?
No one property has that big a resource base to make them attractive as a takeover target.
They don't seem to have the resources (money and talent) to develop their properties.
Do they have the management to bring a mine into successful profitable production? Most of these small companies never make it to a producing mine and there are many reasons for that, probably the biggest is the lack of talent to bring a mine into profitable production.
A long shot is my guess.
JFF7
PS. Please don't take this as a personal attack on your picks as it is not. You've had plenty of good ones.