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Guess I will wait and see how things look Monday morning.
Looking at things that would provide a very favorible shock brings to mind the Newmont lawsuite going in our favior. A new project with the 3% royality. A limited producing property through the Brazil merger. Lets get this thing going bigtime. I just get excited to see a company that pays for exploration from cashflow and buys back a mil. shares per year from the float which is already super low with 38.5 mil. Will be adding on Monday.
He has a very compelling story promoting BULM. I have already took a starting position on my own dd. He does not even mention the Brazil projects and the approved merger. Looking for a 10 bagger here. They pay cash for their exploration costs.
Imcat, Can not pm back. I disagree with you completely that Gold is not important to mankind. It is the only pure money along with silver and is the storage of wealth. Those that have Gold have the wealth and the control. A BLM permit can and will be given to SUGO. What is important is that they provide the safegards to protect the enviorment against damage and with necessary controls. There are costs involved to maintain our life style. Not mining Gold is not an option. Monday must get some shares.
#33792 post gives the link. If you are in Q and pink stocks you need to review. The sooner the better. Good changes are comming and will effect most most stocks.
Naked Short Sales = NSS. Just like printing your money as you need it.
My heart will be warmed if it really works this time. All shorters and the mm's have had months to find ways to get around the new rules. Lets hope all hell breaks loose and many stocks explode from NSS. I've a few that could be affected.
Imcat, Can I ask you a question? Are you against all mining and drilling on public lands? What about on private property?
Not yet. The new co. is just not my style of investing. It may be good co.
WCSSTORE, Any comments?
dragonball, What are your comments on this merger. Looks like we are out of the mining business. Looks like they ran out of money and sold the shell after spending all that money to update the projects and their potential. There has to be a record of raising the a/s to take care of the 600 mil. There was only 75 mil before. Anyway i invested in a low float mining co. and not a gaming co. It may do good if managed properly. Will be looking for a good exit point.
Got the returned email today. Believe they are keeping a low profile because of financing. Will pick up a few more shares on the dips. they will make noise when they are ready. Not what we wanted.
Good news today. Have made the decision to expand my position.
geodan, You got that right. We do not want the government involved. This is the first co. that i've seen that can fund the research itaself. Just this week took a small position in BULM at $1.01. Like the Brazil projects a lot and their royality potential in other projects in the U. S. They pay cash for exploration. Will be making some tough decisions on taking profits on other Gold related stocks and putting them in BULM. Also like the very low os and their buyback program. WE HAVE A WINNER HERE.
Hey Cork if you get a chance please check out BULM. Makes a profit every year. About .03 in 2010. Buys back 1 to 2 mil shares yearly. Is a royalty mostly with the majors. Has 80% ownership of EnShale. Has 2 good projects in Brazil and pending merger with an established Brazilion company. Has 100 mil lawsuit with Newmont which could be a major windfall. PAYS CASH FOR EXPLORATION. Share price about $1.00. Took a small position. I value you opinion. Almost foegot os 38.6 mil. and is going down each year.
What I like about BULM
1- Has made a profit as i remember 10 years in a row. About .03 a share in 2010.
2- Ongoing share buyback program with about 1.7 mil retired in 2010. OS is now at about 38.6 mil.
3- Bom Jesus And Bom Jarmin projects in Brazil.
4- Profits from roalties fund all exploration.
Go to Company website for more.
Etrade will no allow me to buy online. Any other brokers allow online buying.
Come on AXSMF lets here some coments on increased production.
I have sent an email to ELRA asking for an update. Has anyone had any luck getting emails answered? I have done a lot of reading and think that financing may be a holdback to progress. They have not closed on the property in Columbia and have not reported an update on their jv in Indonesia. Both are prime projects and are near to producing some profits if progress is made. Has anyone heard from the company in the last 3 months? Thanks.
Lets hope so. I am loaded and waiting. Will get more as powder becomes available.
Sure would like to get a good pr from ELRA.
peutpeut, Just give me a pep pill and hit the high points. Already have over 11 mil but I just might get another 2 or 3 for the good times. Thanks
Anyone have a good idea on how the EnShale project is going and what value it has to us? Also the Bon Jesus and Bon Jardim projects.
The ask is still at 1.01. Someone sold at the lower price. Tried to buy for a long time at 1.00 and they would not fill. Waiting for the lawsuit to bear fruit and the price of gold goind to $1600.00.
Took a starters poaition at 1.01.
Thanks Zilla.
roberto, I have both in about the same amounts.
Looking good here. Still have more shares to buy. Which one should I sell to get some cash.
ray, Jones, Hamilition, and Von Steenburg. I'm sure you knew this already. If you do not agree we can agree to disagree. You have your point of view and I have mine. Go ATPT
foxwoodsfan, I think you have come to the wrong conclusion here. They have very capable people and that will be demonstrated here in the near future. There will be a very impressive revenue stream from the build, own, and operate power projects and the battery factory with new tech.
gem, Bring it on.
gem, Sure would be nice to find one of those big nuggets of about 5 lbs. right at the start of operations. That would produce a 10 bagger very fast.
ray, They have some high profile people involved which could provide loans. Also the high teck battery factory would provide a very quick return. The projects they have pr'd could be structured for partial payments along the process of completion. If you have a high tech product that everyone wants the money will come. In the meantime we wait for the company to prove itself. I have convinced myself with the dd that they have the people to make this happen. Also have enough shares that if it happends all will be good. Sure would be nice to see the battery factory start to get production.
DRCAL, I also expect good things from DGRI. .50 comes to mind. I have been retired for about 12 years and have no time to work. Spend about 2 hrs. every day doing execrise to keep in shape. This is just one of about 15 Gold related shares that i am invested in. Things are in one hell of a mess in the U S of A.
DRCAL, Are you sure there is any gold in Fort Knox? I for one would like to see an audit done. Hope I am wrong and it is there.
Their 2 projects that have been pr'd are for 11.2 mega watts of produced power that are build, own, and operate. Their cost per kw hr. is only about .07. If i remember correctly the grid cost is about .19 kw hr. With these two projects operational means a very large revenue stream to the company and would make them profitable with our current costs. More projects more profit. There seems to be a future here. Have over 11 mil shares at this point.
Should would be nice if this one would move on up a bit.
170g/t of concentrate from BO district. That is approx. 6 oz of GOLD per ton. That is like hitting the mother load. I believe the estimates so far have been much too low. With a bit of good luck I can see a 10k/20k oz. season. I will be in the line of buyers in the AM. The problem is must sell something first. How much is 20k of gold worth? I already did the math.
logical cash, Not much cash. Not much debt with a very small os and is an international company. High officials on the board and ownership. Close to China and has some good mine sites. Large moves with little volume. Very difficult to get shares. My goal is 500k and some patience. Very good chance for 10/100 bagger here in my opinion. They will get financing when they are ready to move. GLTU and do your own dd before buying. This is just 1 of about 15 gold related stocks that i have.
SGR, Trying to convence myself to average up. So many good ones to buy and so little cash.