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I think you misunderstood what I was talking about.... I know that others read the posts that are made, so even though I was responding to a post you made i was writing for more than just you, sorry.
When I was talking about technicals earlier, it wasn't about the actual operation end of it, but in regards to reading charts associated with trading stocks. If you haven't noticed sometimes someone will talk about the 50 ma, or some such going ticking up or down? They are talking about a graph line which is used to try and predict what a stock will do in the future.
I am probably not the best person to explain this part but, shorting: let's say the stock is selling for .024 a share, and you believe the stock price will drop. You in essence borrow from a broker at that price to buy shares, if the price drops as you predicted then you make the difference between the lower price and what shares you need to pay back to the broker.... I know not the best explaination.
Long, well that's just that, what most people on this forum are. You invest in a stock at a low price such as .0134 on the expectation that the price will go higher, say 10 cents or a dollar.(only examples)
One can make money both ways if one makes the right choices, I think of it as roulett with better odds because one can make a far better guess of what a company may do which will effect the stock price both short term and long term. Than one can guess on which number a ball will land on.
Personally, I discovered this stock/company long before I found Ihub, and indirectly meet you. I am not relying on your words either way to make a decision about whether to buy more shares or to sell what I have.
Your straight talk about your experinces in the field have affirmed my limited knowledge of the field,(I think most people here are greatful for your sharing of that knowledg) so it only enforces my belief as to what is going to happen down the road with this stock.
but weather it is fast enough for some people I dont know.
This statement is why I try to be realistic about what I write here. As I wrote a few days ago, I think it will be between 4-8 wks before we get some real production figures (could be wrong) on what has already been extracted.
If that is the case people will get nervous and start selling off on lack of news. I myself won't mind that, being the greedy bastard I am I will see it as a chance to buy shares much cheaper than they are now and will be positioned for it if it happens. :)
I have a limited understanding of mining, but I have ran more than a few large construction projects, and understand what it takes to bring them in on time and under budget. I take that knowledge obtained through yrs of work, in an area with well established infurstructure in place and apply it to an area which is to say the least a little more primitive than most here can imagine and just try to be realistic about my expectations.
I have gotten the impression some here think this is going to start paying off sooner than later, I think this is a long term play (for a penny stock) of at least 4-6 months before the pps really moves north. As long as the region stays stable, this should be a very profitable investment.
Which is why the chart, the moving average and all the other technicals mentioned in regards to the stock chart mean nothing to me for this stock. What happens with the price will depend on what happens in Africa.
You could be right, it maybe easier than I think it is. I am guessing that it requires various levels of screening/filtering and once setup is actually pretty simple.
I am just not sure that the company has taken the time or invested the money yet to establish at extra level of screening at this point in the operation, based on what I have read from the company so far.
Remember they have only been actually dredging for a month and a half, it sounded (my interpertation anyway) that their primary goal intially was to find easily extractable gold (ore/nuggets) and if that proved adequate they would also be establishing a supply chain of ree's for export.
I'm not trying to dispute anything you have written, I don't for a second disagree with you, I am just not sure they have taken the time as of yet to be concerned with fine filtering on site. I don't doubt that if they prove themselves succesful (which I think they will) with the intial phases that will be something they start to do, but I just don't think they are their yet.
Key words being: " I think"
Heck if I hadn't been writing a post when you responded to the same one I did, I probably wouldn't have said anything at all. As other's have said I find your working knowledge to be invaluable, and it not only confirms what I know of the field but adds to my knowledge/understanding.
In an area that has been in production for a few yrs I would agree that doing it in the area would be ideal. I am guessing and that's all it is, is a guess, that because this is an exploratary dig that there is no established infurstructure close by for extraction of finer gold nor do I think sney has invested the capitol to set up something like that on what in actuality is a dream.
Once actual tonnage/value can be established and cost effectiveness of establishing said infurstructure vs cost of transporting off site will probably or should be considered.
Sometimes it's just more effecient to ship everything to one place and seperate it all there, vs trying to do it all locally.
Gold tends to be heavier than other minerals, so when one pans, gold settles to the bottom.
So gold ore (rocks) can be seperated on site fairly easy, everything else will need to be shipped somewhere seperated and refined (processed)
It's similar to the oil process. First you drill it and and put it in a container, ship it to a refinery, and different products are produced from the raw product.
There is even a new process where fine gold dust that can't be seen can now be extracted from other minerals in the soil. It was on a special about mining on the history channel or science channel. It was rather interesting how far we have come in regards to extracting minerals from raw material.
Congrats Risk on, don't let a little power go to your head now.
LOL
I am not so sure the price will go below 13. If it trades in the current range next week I will be content and pick some more up... I am alright with 0135, I would have prefered .006, but that was a pipe dream. LOL
I sat at 13 for a good part of the day and it never went so I got impatient and hit the ask when it was 135.
At this point what the chart is saying doesn't really mean anything to me, I don't think there will be anyone dumping many stocks below where we are and I don't think it's a matter of if this takes off but when.
I am inclined to think it will be another few weeks before any really good production numbers come out, maybe as many as 8, primarily because of the weather, it is the rainy season over there right now, and I think that will hamper production and transportation.
If people start dumping stocks it will be in another 3-4 weeks when they get impatient because production numbers haven't hit yet.... that is all speculation on my part, but I think it's pretty good guesstimation of what will happen over the next 2 months.
I am just a lowly ex squid 82-89, and though I visited the coast of Nam, never been on land there.
I know some people that were in country during the war though, brown water navy, marines and a couple of former seals.
Thank you gentlemen for you service, I can only express I wish the nation would have respected your service back then.
Chris8, what happened dude? I was really counting on you getting the price down for me.
I got tired of waiting and had to settle for 135..... I am a little disappointed in you.
It seems the pps is trading in a tight range, and going sideways, since I want more around this price I am okay with that myself. For personal reasons (I am selfish and greedy sorry folks) I hope this continues until mid week next week so I can get some more cash ready. I was hoping something else I am sitting on would hit my sell price today, but it didn't so I need to move funds to buy more before this heads north.
Ya'll have a fantastic weekend.
I agree that it needs to start paying for itself, not sure where it is in the development stage.
I guess what the news is especially if it is another acquisition, will depend on what that acquisition is as to what will happen with the stock price..... I would hope for something extremely positive, I hate sitting on stocks that are in the red, and this one looks like it is trying to go further south. :(
though you maybe right, blu vu is what I think will eventually send this stock shooting higher. When they get that tech off the ground and start selling some product they will be sitting fat, especially if they can get some military contracts for the rebreather as well as commercial diving contracts.
A lot will depend on the sell point that they can establish for it.
though I personally want you to keep talking the stock down because I really hopeful some will take you seriously and sell their stock off so I can buy it cheaper I am left with a question for you.
If you realize that risk on is correct, that would imply you realize that is a yr and a half old statement.
That being the case, with the company still in business and actually set up in Africa dredging for minerals wouldn't that imply the statement you continue to question was in error?
After all a yr and a half later the company is still in operation and was able to acquire working capitol in an economy where a startup company is having a lot of difficulty getting funding.
LOL, I am not done yet, tomorrow am I will be inticing people to sell, sell, sell!
Not reverse psychologly, selfish greed, I can buy twice as many shares at 006 with my available cash.:)
depends, if you bought the shares at .0006 and had a million shares and sold them at .0007 you would have made a 100 bucks plus the investment. Not a lot of profit, but enough to cover trading costs and take your stagnant money and move it somewhere else. Which is what some are suggesting has been happening.
Personally I am still under the impression someone within the company sold a butt load of shares they got as a bonus, or at a value of .0001 or so and off loaded them for a greater profit. A million shares acquired at .0001 and sold at .0007 would be a 600 dollar gain per million.
I am hoping it takes off soon too, I don't like seeing any stock I own in the red, and this one has been down for awhile now.
My average is down to 00119, and needs to be lower. :) I would prefer to see it go up to where I don't have to worry about averaging down though, I am comfortable with how many shares I have, just don't like seeing a big negative %. Want positive % numbers!
I hope you are right, I have been buying a few more shares here and there bringing my average down.... I don't have as many shares as you yet, but I am gaining on you. LOL
Chris, this was one of the late filings for which there is now a CE on the company.
They left it on there because they are behind in their paperwork, and it needed to be left on there to meet with SEC requirements.
Dude you are looking at year and a half old paperwork and basing your opinion on that.
About 2 yrs ago Ford was selling at $1.00 a share. If we took your approach to understanding a company's paperwork we would not expect to see Ford currently selling at around $15.00 a share.
What a minute, I want you to keep sounding the alarm so the price will go down more so I can get a better position tomorrow, sorry I interupted, carry on.
Ya all listen to what this man is saying, sell your shares tomorrow for about .006 so I can buy them!
True there is always tomorrow or even the weekend.
So you actually talked to someone with the company?
ahh, so though they are or were associated with ihub in someway they were just pumping and dumping the stock.... interesting.
I will keep that in mind for the future.
I agree, that part of the world I am suprised they haven't hired some mercs out of SA or europe to protect their site.
I know what you meant about the production costs, it is still relatively cheap to mine in comparison to the value of the metal itself and I am not even thinking of ree's, which should be worth quite a bit based on what I have been reading about China hoarding the availble supplies.
There's a company in Iceland I have been watching which is supposedly sitting on a butt load of ree's but they are a couple of yrs away from production it looks like, but that is another mining company I might invest in eventually.
I personally appreciate someone such as yourself that seems to have a greater working knowledge of dredging and that part of the world than I do, basically confirming my own understanding of what is happening over there without actually being there.
It makes me want to free up more money to invest in this company. :lol:
so still nothing in the way of news, from dtro... Are these guys ever going to get out of 1st gear?
What happened to the people that were supposedly in contact with the company and knew there was big news brewing?
seriouly, I will have more cash available tomorrow as well, and I want more, so hopefully he can get someone to sell even lower, maybe 009 or 8! :)
bingo, give this man a gold star!
We must have a different interpertation of the video you mention. I took that as an exploration of the potential, and the results of which justified them bringing in the dredges to make it productive/cost effecient.
Guy you are stuck on something that is not being presented by the company or the actual circumstances.
I do find it rather humerous that you have spent so much time trying to incite fear for some reason. Are you one of those paid bashers I read about, who come into boards like this and are paid to make negative posts because a company wants the price to tank so they can buy it really cheap?
That or you sold at a loss and are just angry?
I doubt elcheepo has left, he had too much invested to just leave. Took a break maybe, but I doubt he was scared off by anything that has happened in regards to news.
You might not be crazy, short sighted, lacking understanding of the logistic nightmare Africa can be, and a host of other things, but maybe not crazy.
Simple fact of the matter is, there has been nothing reported to imply that sney is not on track, in fact as I said earlier, the ability to acquire funding to continue with production/transportation implies they are actually on track to do what they claimed they will do.
Just because you are ignorant on certain things including the ability to and the reasons for acquiring liquid funds vs paper funds doesn't make you crazy, just lacking knowledge.
Ya know, you may end up being right and this company may tank, but nothing I have seen so far supports that idea, in fact everything I have seen so far indicates that this will be a profitable company, baring unforseen or predictable situations such as another civil war in the region, but that's just my opinion.
I am with you I hate the city a lot, I prefer the woods, we don't call it the Bush in the US.
I was in the military in the early 80's and we went on a few long hikes into the bush back then.... though I prefer the woods and being away from cities, I personally have no desire to go back to Africa, you are welcome to it! :)
I do understand what you mean about burying gold, I used to buy it when I had some spare cash back when it was 200, I wish I had bought more..... ahh to be young and dumb again. LOL
I did bury a bunch in the back yard, have dug some up over the last 2 yrs and cashed it in, my neighbors must think I am crazy! I too wish I would have bought and buried more, my biggest problem now is I can't remember where I buried some of it. :(
I do wish you luck in Rhodesia if you are going back, I know Africa grows on some people I am just not one of them!
Took some hikes in various regions of Africa when I was a wee lad... a life time ago it seems and have done my best to forget the place. LOL
If I never go back I will be a happy camper. LOL
This board (just guessing) is composed primarily of people who have never been to far removed from civilization as we know it. I think it's easy for many of them to forget many parts of Africa aren't far removed from the bronze age, and probably never will be. :)
Dude it took close to 4 weeks from the time the dredges (based on news reports)landed in an African port, to be transported and have one on line and functioning.
It will take at least that long (probably twice as long) to get enough material to make the trip worthwhile to transport the material back to a port and ship it to a place where the true value of the product can be realized.
Just because you dig something out of the ground doesn't mean you realize the value of said material until you actually get it to market.
If you find a 3000 lb rock of gold but don't have the money to get it to market (transport it) then it is worthless where it sits. It doesn't aquire value until you can sell it to someone.
Just cause they have a pile of material sitting on some river bank doesn't mean it has yet been applied an actual value, and it won't until it is taken to a market.
Think of it this way, in 1982 Bill Gates and Paul Allen had to raise capitol to create and bring to market DOS.
Everything takes capitol, moving 3 dredges from the states to Africa took money, hiring people in the area even at their standard of living takes money, everything takes money.
They won't realize their gains on production until it is actually brought to market, which also takes capitol to do.
Sorry dude everything costs money, even flushing your toliet costs money. You are looking at a very narrow widow and not seeing the whole picture of hte situation.
I think your biggest mistake (viewpoint) is based on a lack of understanding of what it is really like in Africa, Africa aint the US.
Not really.
You must have never been to a third world nation. Especially outside of a major city in a third world nation. Things don't happen as quickly as they do in the US, Canada, or Europe. There are a lot of factors that effect any venture in a place like Africa, least of which is a fully functional infurstructure which includes paved roads, phone lines, etc.
Africa is Africa, and though I haven't been there in almost 30 yrs, I doubt it has changed much in the bush, which is where this operation is taking place.
We aint talking about a rural US region, we are talking about one of the most remote regions of the world in terms of accessability for anything. That is just a fact, and that is something everyone on this board should understand first and foremost..... it's Africa, and Africa moves at it's own pace.
Today is May 26th, which means the dredges have been on site for about 45-50 days.
Based on everything that has come out I personally see nothing that would indicate the company is not going to be productive. In fact the simple fact that they were able to find investors to provide capitol to continue their operation in this economy implies they are going to be very productive in this venture.
I would be rather suprised if we don't have some intial figures by this time next month. Figures which I believe will be extremely positive.
Personally I am glad the price is staying low, have almost doubled my holding and plan on buying more as long as it stays low enough.
I think it is the rainy season (fall) in that part of Africa right now, which is probably having a negative effect on production (am guessing, haven't taken the time to refresh my memory).
Once the rainy season passes production should pick up and a secure location is established to actually break down tonnage into what's what (remember Africa is not the US or Europe in regards to security) we will get some positive news about % of gold/ree's and market value of each, etc. Which should send this stock north..... hopefully way north.
I haven't seen anything released from the company which would change my opinion since I first found this company. My only mistake so far is buying some shares when it was at .018 and .02, now I am having to average down to get it my average price low again. :)
Another buy should get me low enough where I am comfortable with my average price.
The only real concern I have at this point (actually 2) is the lack of reliable infurstructure (roads, refining fac., etc) and the potential for civil unrest that Africa is known for. As long as there is no civil unrest I believe not only will it be a profitable company but everyone that is holding shares now will be very profitable over the next 6-12 months.
Granted that is all my opinion and nothing more.
You could be right, I don't know for sure, however as I stated earlier just the other day we say about a 1/4 of the float trade as low as .0007. If it is as you claim then we should see the price climb since the flippers should be sold out by now.
I just find it odd that the sell off stopped soon after people wrote of contacting Dustin, and aprox an hour after I wrote Dustin myself.
I guess we will see, I still don't think the numbers which traded over the last 4 wks add up with your explaination, but I am pig headed.
I am about a 1/8 of the current volumn.
Hey you could be right, I am just going off of what I have seen in the 3-4 weeks of watching the l2 and though it is possible that it is the case, as I have stated already we have watched the float trade a couple times in the last few weeks, so I find that questionable that a 1/4 of the float is still out there at a profitable level.
I hope you are right and it's not someone in the company dumping shares, which would imply that the flippers are gone and those left are in it for a long term investment.
I quess we will see. I do have a reserve in case it does go down again, we will see.
Hmmm, though that does sound right, and this new math they are using today is kinda confusing for me sometimes, which means I need to resort to the way I learned math, .0006 X 2 = .0012, which would mean someone was dumping stock for a loss of up to .0005 over the last few days.
Yeah I guess it's possible that someone would do that because their money was stagnant and they wanted it working, but I still find that questionable, heck just the other day we had a volumn of 80 million plus.
That is about a quarter of the float in one day. It just doesn't add up unless someone is intentionally depressing the price of the stock. IMO
No one is forcing me that is correct, but you're being his talking parrot and spouting bs is a joke.
My point still stands, how exactly does the float trade in the 18-20 range one week and then a week and a half later it trades again at half the value without someone dumping stocks?
What a crock of bs!
There is a big difference between sitting on a stock for awhile while it grows in value vs everytime positive news is released the stock price tanks.
If you don't grasp the difference then there is little that can be explained to you.
What I get out of your comments is Dustin is playing you for a fool. I am sorry but the float doesn't trade around 18-22 and then trade again for half the value a week an a half later, unless someone is dumping stocks they acquired for a lot less, which implies someone within the company is dumping their holdings.
and when we were at about 0018 and news was released about the apps being approved by apple I thought we were going up more, and when we were at about 0016 and news came out about text to call, I thought for sure we were going back up..... again I hope you are right, I am just not holding my breath, nor am I going to get on the cheer leader bandwagon until it hits .003 and looks like it's going higher.
I have grown very pessimistic about the ability of the guy in charge to keep his employees or himself from selling off large chunks of stock.
It's also not the end of the week. As I said I hope you are right, I am just doubtful that this uptick will be sustained.
I hope I am wrong, I am in this to make money too, I would love to see this go to a dime or higher, I am just looking at the history of this stock in relation to news being released and am preparing my on hand cash for a bigger drop.
there's been more than one time over the last 3 weeks I thought the price was going to go higher. :)
I hope you are right, but I am not counting on it and am planning for .0001 or 2.