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Your a pumper of a stock thats on a death spiral with Cornell. I would expect nothing else from you. have a great weekend.
What the boards say doesn't matter to me at all. This company has the oil and gold companies. More signings are coming per Clayton. I don't listen to others on the net. Thats never a good strategy. Always buy stocks when there is blood in the streets I will add more Monday!
Mining stocks should get a huge boost soon. The market according to CNBC is putting their money in Gold, Oil and Precious metals. DKGR, FMNJ and AURC should all do well! Good Luck!
Mining stocks should get a huge boost soon. The market according to CNBC is putting their money in Gold, Oil and Precious metals. AURC, EQBM, DKGR and FMNJ should all do well. Good Luck!
Mining stocks should get a huge boost soon. The market according to CNBC is putting their money in Gold, Oil and Precious metals. EQBM, DKGR, FMNJ and AURC should all do well. Good Luck!
Most of the market will be putting there money in Gold and Oil. Precious metals are a hot sector now. FMNJ and DKGR shoul all do excellent!
Most of the market will be putting there money in Gold and Oil. Precious metals are a hot sector now.
That after market news Friday should bring us to a higher PPS easily. Hopefully we can start holding higher PPS for a longer time.
HISC should do well with all of these Middle East tensions happening. Hopefully we see a rise in the PPS soon. Have a great weekend!
Hurrincane season is starting soon so PBLS should start seeing some buys in the coming weeks!
Cornell is never good to have as a financer. Why would anyone use them?
CHDT could still be a double from here. The CEO is going to do chatroom interviews next week.
The whole market is down but what goes down must come up!
I bought more DKGR yesterday. Gotta love these prices!
It sounds are though someone sold early....lol Sorry bud....Check the website...Melvin O'Neals name is gone and it was there yesterday. It's called Common Sense and not insider info. Novak knows the invesotrs community wanted him out and I think they did that. Plain and simple
The placer gold reserves on the Property are estimated to be 60,000 ounces, which, at $600 per ounce, would be worth approximately $36 Million. The leased property consists of three unpatented placer gold mining claims.
Gold will trade at $700.00 very soon and most likley hit $1000.00 in about 6 months. You can deny it all you want but the fact is Gold is rising and Drake is undervalued.
Like I said...had he not PR'd Melvin O'Neals name we would be at .03 cents with this news. So I totally take the responsibility off of Z although he was never to blame. If they do PR the firing O'Neal the ball game changes and DKGR should go back to the .013 .014 .015 level easy. This stock is one of the few truely undervalued stocks. It truely is and i'm jelous of the investors that bought today at .01 and I'll add tomorrow at .011 to .012 if it is still available at those prices.
We won't be red for long. If the rumor is true and Melvin is gone then we should move up nicely. PLUS now we have the Oil and Gold Acquisitions with great revenues.
CENTURY CITY, CALIFORNIA--(MARKET WIRE)--Jul 13, 2006 -- Drake Gold Resources, Inc. (Other OTC:DKGR.PK - News) is pleased to announce the completion of a long-term lease acquisition of the Jackpot Placer Gold Project located about seven miles southeast of the town of Quartzsite in La Paz County, Arizona. The placer gold reserves on the Property are estimated to be 60,000 ounces, which, at $600 per ounce, would be worth approximately $36 Million. The leased property consists of three unpatented placer gold mining claims.
We will see a pop tomorrow because the rumor is that Melvin O'Neal is no longer with Drake. His Bio is off the website.
GOLD is up again today...this is perfect timing for a PR like we had today. I see GOLD going to $700.00 an ounce very soon.
If that's the case then DKGR is worth $$$$$$$$$ even more then I originaly have estimated. I really feel sorry for those who held, and if I haven't said it before I am kicking myself for not buying at .01 like Z was when the blood was on the streets!
Had Mr.O'neal not been mentioned we would be at .03 atleast. Zero was right in his assessment of DKGR. If Clayton would have just put out the Oil PR and the Gold PR we would be at .03 right now. Haveing said that I agree the Book Value on DKGR is over .07 with the news today. Absolutly amazing! I think once Clayton gets the brokers looking at Drake you'll see us taking out the resistance.
I think that quote says it all. If I was able to be online for the sell off I would have added more as well. Congrates Z because that quote has never rang as true as it has today. DKGR now has finally broken their company wide open. OIL and GOLD. This is absolutly amazing and the market will take notice.
Z would never say that to you.....However, since he won't I will. Go Fu*k yourself J/K We are on our way now....
I agree Stockstud. DKGR is literally a gold mine. With that much footage of property 60,000 ounches is conservative. This is truely a good PR. Congrates to those who held. Just wait and see what happens when the brokers get this news released to them.
I will check it out. Thanks for the tip and keep them coming.
No problem man....we are all here to help each other out. Like Z says this board should have a family atmosphere. Thats why I like to post here over other boards. Z does a good job of keeping the trash out. We all need to work together to succeed. If the rule or method has changed with you doing research on it please let me know because like I said it's been years since I have worked for a brokerage company. I believe the method is the same or atleast close to it. I believe many here would agree with me on the multiples. It never hurts to ask others as well. Just make sure they are educated in finance.
Because Wall Street usually gives book values based on X10, 20 or 30 multiples. I did not make that rule up.....Wall Street did. That's the way the market works. Depending on the sectors and what they are doing....those 3 multiples are usually used to determin the value of a stock. I know this is the pink sheets but I believe the rule still applies. Many major brokers use these multiples in deciding what stocks are undervalued. That's why revenue increase is so important quarterly. Even if the profits stay the same but revenues drop...it makes the book value drop even though the profits stayed the same. I used to work for Merril Lynch as a intern when I was obtaining my MBA in finance. They always used this method. It's been years since I have worked for a broker so things may have changed slightly but I don't think it has much. Some brokers may use a different method and different multiples but x10 has always been a conservative number. So yes DKGR is worth .038 book value so far and any other revenues that they obtain as long as they don't dilute shares it will increase its value.
Yes, lets do the calculation the way the rest of the stock market does.....
According to drake gold website there are 600M shares outstanding
And we know the estimated profits are at 2.3M.
2.3/600 = .0038 X 10 = .038 per share book value
Everything you did was correct except you forgot to give it a x10 earnings. Usually Wall Street gives stocks x10, 20 or 30 multiples depending on the sector the stock is in. I took DKGR at a CONSERVATIVE x10. So it looks like someone needs to go back to finance class
Respectfully, PR's make a big difference and as long as Gold is making new highs and Drake PR's any Gold news with numbers, we are off and there is no denying that. Good Luck!
I feel we will all make money and GOOD money on DKGR. Like you said 2.3 million is the start and a excellent start at that. Most pinkies don't even have a dime to their name and trade are ridiculus levels. According to some reputable posters Drake is worth .038 right now. Gold is going to all time highs and any Gold news we go up.
It looks like FNLH is going to have a good run. The chart is in bullish mode.
Mike, I got it on S.A's board. Phishman posts it daily....
http://www.investorshub.com/boards/board.asp?board_id=4084
This is amazing for any Gold stock. If Drake comes out with Gold news and hopefully with some numbers this will fly no matter who tries to bash. That's a fact. When we break .015 that will be a HUGE new support level and buying will come in bunches. That's reality.
Gold soars to highest since May2006-07-12 16:05:04http://www.news24.com/Images/Photos/20060712160407gold_bars.jpgThe spot price of gold has climbed to $650.60/oz, its highest level since May, on stronger base metals, higher oil and bombings in India. Johannesburg - The spot price of gold on Wednesday climbed to its highest level since late May of US$650.50 a troy ounce on stronger base metals, higher oil prices and bombings in India, analysts and traders said.
At 15:00, gold was quoted at $649.95/oz, up $9.25/oz from the metal's previous close.
"Gold has been steady all day on fund buying. The funds are buying again with base metals rock steady and the market has an appetite for metals again. Next key resistance is between $660/oz and $665/oz and after that $695/oz to $700/oz," a London-based trader said.
Safe haven buying
"Strong base metals, slightly higher oil prices and perhaps some safe haven buying after news of the bombing in India all have been attributed as reasons for the move and while we are unsure of the exact reasons for the move higher, important resistance at $637/oz was broken and our technical analysts how see gold up towards $660/oz in the short term," London-based UBS analysts wrote.
The spot Brent crude oil price was last at $73.99 a barrel, up $0.32 from Tuesday's close.
"In the short term, it seems that metal prices may move higher still although we are unconvinced that this will be sustained for long," UBS added.
"Risk events to watch out for include the Fed chair's testimony to congress on July 19 and 20 and the release of US June consumer price inflation on July 19.
"It is possible that the Bank of Japan's monetary policy decision on Friday could rattle markets although even our own economists disagree about the importance of the yen carry trade to risk markets," UBS analysts wrote.
Mumbai bombings
The bombings in Mumbai had caused gold to break out of its sideways trade and break through resistance at $637/oz, Johannesburg-based trader for Absa Byron Woods said.
The death toll from a wave of coordinated blasts on commuter trains in India's financial capital Mumbai had risen to 183 with 624 people injured, according to latest police figures Wednesday, AFP reported.
"The injured were being treated at 31 different hospitals in the city and its suburbs, according to lists of casualties printed on the Mumbai police website," AFP added.
For the short term, gold was likely to trade sideways, but in the long run the metal could climb back to $700/oz, Woods said.
For the next six weeks, gold was likely to trade between $610/oz and $659/oz, which was a key technical level, he added.
Platinum was last quoted at $1,261/oz, up $19.50/oz from the metal's Tuesday close and the metal's highest level since the end of May, and palladium last traded at $328.50/oz, up $4.50/oz from the previous close.
Platinum and palladium have traded higher, but palladium appeared to be lagging the recovery in the other precious metals, perhaps in recognition that the fundamentals do not really support strong palladium prices, UBS said.
Finance24/I-Net Bridge (Business)
Does it matter? If it makes money isn't that all we care about? I think so With any Gold news we should move up nicely and that is what really matters.
Those prices are amazing! If we get any Gold news and figures with the news DKGR will move majorly. Come on Clayton show us the money!
It doesn't matter what they are planning on doing. The main thing is that the PPS goes to where it needs to be so we can all make some good cash and that will happen.
I think the support at these levels is big right now and the last time Drake dropped in PPS is because there was a 2 month PR silence. That won't happen so I think we will stay around these levels. All in my opinion of course.
I have confidence in Drake and management. I wanted to see the results in 4 weeks but this market is goofy. I like what I see and I talked to Clayton, Brandon and Nia before. I have confidence in them to make this company into one of the better OTC companies.