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PCFG is 5x the market cap as DGRI! DGRI has a long way to go with a much better story.
Keep in mind, this needs to trade at 0.15 just to be at the same market cap it was at back when the NI43-101 was filed. Then factor in the gold premium (some 25% higher now), the time premium (8 less months until production), the PCFG premium 39m cap vs 6.6m cap) and you would realize that 0.20 is a fair starting point let alone beyond that.
well I'm sure some here are still in P C F G, but lets be realistic, that has a 45 million market cap (12x higher), is more then 3x higher than its 2 year high and up over 6000% in short work + is non-reporting and therefore could be totally full of it with room for over 4 billion dilution on its authorized. To me, its kind of suicide to remain over there with anything but free shares.
this is crazy cheap - keep in mind the time of that article - the mine is potentially valued at 4 billion now, not 3, and production may be starting in a few months, not a year+ away. Back then, this was given a 30m market cap, now with time not so far away, and higher reserves valuation on todays price, its only 3.4m market cap! This needs to go to 0.15 just to be valued the same the market gave it at the beginning of the year. Given the increase in gold, this should be closer to 0.20 and thats just a starting point.
full article from the chronicle PR posted earlier - revenues back on next year + "intermediate-sized miner within the next three years"
New gold rush lures Atlanta firm
An Atlanta-based startup is sitting on a gold mine — literally.
Dutch Gold Resources Inc. hopes to ride the surging global demand for gold and become an industry consolidator.
The company, referred to in the trade as a junior gold producer, has projects in Oregon and Nevada. Yet its most ambitious is a
1,000-acre site in Montana, called the Basin Gulch project. The Montana mine has “proven and probable” reserves of 2.8 million ounces of gold and the potential to deliver up to 7.5 million ounces, CEO Daniel Hollis said.
“It could be in the top 5 percent — in terms of size — of all gold mines in the United States,” he said.
Not only is the Montana mine big in size, it has the potential to be huge in profit. At today’s gold prices — about $1,100 an ounce — the mine is potentially valued at about $3 billion.
Those returns, however, are a ways away.
Dutch Gold, which expects to strike revenues next year, is in late-stage exploration of the Basin Gulch project. That phase, which includes identifying the gold reserves and prepping for mining, is expected to take a year.
Finding gold deposits is more art than science.
“Oil reserves are easy to define,” Hollis said. “Gold reserves are harder, because the gold is mixed in with the dirt.”
Dutch Gold expects to invest about $100 million in extracting the gold over a 10- to 15-year period.
“The Basin Gulch mine is a keystone asset of the company,” Hollis said. “It will allow us to grow rapidly and serve as an acquisition base.”
Gold prices have soared — up more than two-thirds in the past three years — fueled by economic trends and global demand.
Strengthening economies and standard of living in Asia, particularly China and India, are driving demand as more people can afford gold.
It’s not just people buying gold jewelry — central banks around the world are stocking up on bullion. As the dollar weakens, many central banks are buying gold to protect the value of their currencies.
Gold is seen as another currency, said Steven Nagourney, a New York-based strategic analyst who follows the gold and commodities markets.
“For protection [against] financial instability and economic instability .... people are buying gold,” Nagourney said. “That’s why [the price is] where it is.”
While past performance is no guarantee of future performance, Hollis is bullish, based on the trend lines.
“If you think that the rising population is going to cause a strain on all commodities,” he said, “then, I think the outlook for gold is positive.”
The hedge fund-backed Dutch Gold (OTC Pink Sheets: DGRI) has raised more than $6 million and plans to raise an additional $5 million in 2010 to help defray exploration costs at the Montana mine.
“As we increase the number of ounces that we have under management, our ability to finance is enhanced,” Hollis said. “We’ll raise capital both from equity and debt ... to optimize the return on the investment.”
In the gold mining business having the right talent is paramount — more so than the quality of the mines or the capital needed to exploit them.
“If you have a good asset, you’ll find capital,” Hollis said. “If you have good people, you’ll find the asset.”
Finding adequate resource development talent is proving to be an issue, partly because of layoffs and hiring freezes during the mining and oil industry downturn in the 1990s.
“You can find geologists who are under 30 and you can find geologists who are over 55, but you can’t find anybody in the middle,” Hollis said. “There’s a whole generation that was skipped.”
The company that today is Dutch Gold Resources was launched in 2002 as a Southeast radio station consolidator. That venture, named Small Town Radio Inc., failed partly because it was undercapitalized.
In an effort to reinvent itself, the company focused on the white-hot commodities business. Management short-listed the energy and precious metals sectors and settled on the latter, believing it would deliver the highest potential return for the least amount of initial investment.
“With a relatively modest capital budget — $5 million — you can become a real company in the gold business,” Hollis said. “You can’t do that in the energy business.”
In 2006, Dutch Gold entered the gold mining business with its acquisition of Oregon-based Dutch Mining LLC, in a roughly $18 million stock swap.
Gold mining is a business that rewards scale and Dutch Gold hopes to buy its way there, using its stock as currency. The company has a market capitalization of nearly $20 million.
Last year, Dutch Gold bought Aultra Gold Inc. for about $3 million in stock, and plans to do at least two deals this year.
The gold mining industry is dominated by 10 large companies, followed by 20 intermediate firms and then hundreds of smaller players, Hollis said. Dutch Gold wants to consolidate that third tier — seeking mining companies with high-potential properties that can be brought into production within three years.
“Our goal is to create enough mass and profitability that we can become an intermediate-sized miner within the next three years,” Hollis said.
That desire to muscle up is warranted.
The long-term, high-risk nature of exploring for gold, and the resources required to fund it, suggest that gold exploration and therefore production will increasingly become and remain the province of large companies, according to a report from IBISWorld, a Los Angeles-based industry research firm.
Like in the pharmaceutical business, the gold mining majors find it quicker, and less expensive, to acquire firms with proven gold reserves, or mines in production, said Jon Nadler, senior analyst with Kitco Metals Inc., a Montreal-based online bullion dealer.
Acquisitions makes sense when you consider the multiple millions of dollars it takes to find the gold and the years it takes to go from the first satellite image to putting the first nugget out, Nadler said.
Read more: New gold rush lures Atlanta firm | Atlanta Business Chronicle
http://www.bizjournals.com/atlanta/stories/2010/02/08/story2.html
Commentary to me sounded like a comparable year coming. A drop in the household area which is 50% of business while they bring out new products, but then in the high margin area, you have these comments:
Electronic components:
We anticipate that unit volume will decrease in fiscal 2011 when compared to fiscal 2010. However, the sale of higher pixel
count units in fiscal 2011 and beyond will increase operating margins
EMS:
As discussed elsewhere in this annual report, we expect to make significant capital investments in the expansion of the EMS
business in order to double production capacity. Once the expansion is complete, we will have the capacity for up to $25 million in
annual sales. Assuming the timely completion of the expansion, we anticipate that revenues in fiscal 2011 will increase significantly
when compared to fiscal 2010, as we are unable to fulfill all customer requests at current capacity. However, an increase in sales will
be partially offset by increased labor costs and expansion of dormitory space for additional personnel.
A jump from $9 million to $25 million is significant and will likely offset any fall in the household area. Also, consider the fact that they expect a fall in the area that produced 6% margins last year, and a big jump in the EMS area that produced 21% margins (even if that slides some due to above mentioned issues).
The bottom line should be just fine.
ahh sorry, mixing revenues with income. Only a drop of 700k net with an increase in revenues by 57%. The fiscal comparisons show large growth each year. Thanks for the final share count in the note...i eventually found it in the filing.
this doesn't jive with the numbers I find..wheres the negative net income growth?
Here is the financial data: “In the fiscal years ended March 31, 2008, 2009 and 2010, our revenue was RMB153.6 million, RMB199.0 million and RMB280.5 million ($41.4 million), respectively, representing a compound annual growth rate, or CAGR, of 35.1%. Our profit for the year increased from RMB38.4 million in the fiscal year ended March 31, 2008 to RMB60.4 million in the fiscal year ended March 31, 2009 and to RMB110.2 million ($16.3 million) in the fiscal year ended March 31, 2010, representing a CAGR of 69.4%. For the three months ended June 30, 2010, our revenue was RMB83.3 million ($12.3 million) and our profit was RMB23.5 million ($3.5 million), compared to revenue of RMB53.8 million and profit of RMB28.3 million for the three months ended June 30, 2009.”
Read more: Le Gaga IPO Filing: Chinese Vegetable Producer (GAGA, WMT) - 24/7 Wall St. http://247wallst.com/2010/10/08/le-gaga-ipo-filing-chinese-vegetable-producer-gaga-wmt/#ixzz13lbm557k
i wouldn't touch it actually - looking more into it, outstanding is now 3.9m, and shareholder equity is only $4.58m after the debt conversion. This thing is fairly worth $1.17 in my books and they are losing a crapload of money as well. This is just a low float pump and nothing more (and at that, the float is 670k, not the 200k that has been thrown around).
That other one though is 50% undervalued and thats fact...see if it goes tomorrow.
correct - for one, RITT is on the restricted trade list for me, so that doesn't help, for two, RITT has nothing going for it but a low float and a lower price. GAI though is trading 1/2 what its worth on paper and is at the bottom of the chart with the same low float. I can totally justify that GAI is a better play, but it doesn't mean it will outperform RITT for sure - there needs to be buyers. The guy that alerted RITT has a good reputation so its going on that alone.
Any volume tomorrow and GAI is gone IMH.
it moved so quick, i had no idea it was going to do that - I gave you what I see no reason won't be the next one like that (RITT can on float, but no fundamentals) - GAI is just like LIVE in the way undervalued on paper and low sub 1 million float angle, so a little volume and it should go - went up 50% on 100k shares before.
right place right time and damn did i scramble fast to place the order when the price went kookoo - think i put limit around $14 and it just filled up in the nose bleeds. Too funny. Thanks TDW for a change after screwing me for so many years.
10/21/2010 15:12:22 $5,918.00 Sold 300 LIVE @ $19.75 D
10/21/2010 15:05:59 $-1,858.00 Bought 300 LIVE @ $6.17 D
I think GAI has a great shot too (RITT is trying as well but no comparison on paper)
GAI book is $24, cash is $13, no debt, 78m shareholder equity and I believe 100 to 300k float. 20F says chinese holders are 2.05m shares, and US holders are 1.06m shares (I think the US is lower) - with 3.2m outstanding, leaves very little left!
GAI next LIVE - same float, $24 book and $13 in cash - only $8.8
RUU.v rare earth play that may be a steal here being one of the possible leaders to production late 2012, early 2013 - has the political risk, but good working relationship with the government and the only HREE mine outside of China fully permitted for operations (existing mine). Great writeup here about it:
http://theinvestar.com/articles/2010_10_13.htm
only trades on the venture though
MNDP - volume on the open
but see it sold off in the fall after hurricane season passed and built back up in the new year in 'anticipation' of this year. It's just been selling off earlier than normal as the seasons pan out dead. Water temps this year say 2 more months to go at least though.
The company 'was' the real deal - they were in good standing with BBB - this year though, their rating went to F and you can't find any contact info. The assumption is they are not actively operating right now (like 1/2 of all pinks).
Looks like still 4 or 5 days out until its known where 95L will go after it interacts with Nicaragua.
yep, IR checked out, question about the company still being in business and where, and no storms. There is 1 play left here and 1 play only - either a storm threatens mainland or doesn't. It trades based on that for its cult-like status (same reason BUGS moves with them even though it discontinued its subsidiary like 3 years ago - ihubbers don't care, they just associate it with hurricanes and away you go). There is also the wildcard factor that they recently just filed all their reports - so why bother if you closed shop??? Could be something brewing on that angle too.
For the cynics, let me remind you once again, 50% of all the pink stocks you play don't have any operations, and 45% are just here to dilute anyway. So does the 'company' really matter???
well, gfs is pretty damn spicy again for beginning of Oct landfall
http://www.nco.ncep.noaa.gov/pmb/nwprod/analysis/carib/gfs/18/index_slp_su_loop.shtml
nogaps is looking risky (hit FWD)
http://moe.met.fsu.edu/cgi-bin/ngptc2.cgi?time=2010092112&field=Sea+Level+Pressure&hour=Animation
the ECMWF is looking very dangerous
http://www.ecmwf.int/products/forecasts/d/animate/catalog/products/forecasts/medium/deterministic/msl_uv850_z500!Wind%20850%20and%20mslp!72!North%20America!pop!od!oper!public_plots!2009081100!!!step/
Even the rest of them seem to show a bounce of hondurus and a march between the gap into the gulf.
Obviously still changing, but there is significant consistency for the first time in most of the models.
As I said before - pretty decent play here - gamble for a 3-6 bagger, at worse if they don't pan out and this just runs into Mexico and dissipates, you take a 20% loss. Risk/reward is probably more favorable here in this non-functioning pinkie then 90% of the pinks out there currently.
small cane or bigger florida hit, GV is a true legit play, everything else needs bigger canes (if you want to play them on facts vs pump) - IPII play on a cat2 or bigger florida hit, WEGI in same sort of lack of apparent operations boat as NSMG and used to be a good one for east coast hit, ECCI has a good cane reputation, same with BUGS (although they discontinued their related subsidiary a few years ago - still gets pumped for canes though and can still justify oil angle), PHHM also a good legit play only with a large Texas landfall (ABIX as well). SATM is another one that also used hurricane pumps in PR's this year. Not much more that I consider worth playing if at all!
I still say NSMG is the most 'well known' of them all, GV is the most legit one to play in terms of real spinoff (only with Flordia hit though).
Plays really have disappeared since 2005 - no major hits on mainland so the pumps are less and less and less each year. There will be a scramble to find something though if there is a real threat and ihub traders will first go back to the ones they historically know.
if the models say the same thing this time next week, i'll guarantee a run, but thats a big IF on a model this far ahead...this would go to a penny+ if it does exactly as shown on the latest run, but if it breaks up over cuba or heads into mexico, it just continues its low $$ slide.
It's all gambling isn't it now? Downside from here, you sell for 20-30% loss, upside, 5-10 bagger if current model were to prove right. Regardless what NYPD the obsessed says about the company or lack of operations. Don't forget 1/2 the pinks don't have operations, its all about cult status and this is top dog remaining in my books when it comes to hurricane plays. He will be right only as long as US mainland misses the hurricanes.
another real risk starting next week - so far last 8 runs or so have all shown significant threat to the gulf area. US have been protected so far from them, but ocean is just too warm here - season will likely extend a little longer. GFS models have actually been really good this year.
http://www.nco.ncep.noaa.gov/pmb/nwprod/analysis/carib/gfs/12/index_slp_su_loop.shtml
i'd only ever play it or GV if there is a direct hit on Florida...even that, I wouldn't touch ipii unless it was a big hit as buildings rarely see damage with minimal hurricanes.
last shot for cane plays I think is this one coming up starting next week - the last 6 runs are consistently developing it and all have put it between mexico and Florida for landfall. If it falls back into the typical steering pattern, its probably a wait until next year scenario.
http://www.nco.ncep.noaa.gov/pmb/nwprod/analysis/carib/gfs/12/index_slp_su_loop.shtml
Looking at the way NSMG has traded down on peanut $$$, a real gulf risk I think is an easy 5 bagger at the current levels and the way it trades thin (even though it shouldn't be) says real volume could take it higher even. GV also will have a double potential with a Florida hit, BUGS, well, I'm not a fan for it as a hurricane play ever since SSWM was out of the picture, but a gulf hit and I could see a 3-5 bagger still on the oil cleanup/push angle. Also watch IPII if Florida is in play.
CNST - check the bounce - low volume walkdown 9-2 in days
92L high risk location
A tropical disturbance (92L) has developed over the extreme southeastern Caribbean just north of the coast of South America, over the southernmost Lesser Antilles Islands. Surface observations indicate that pressures have been slowly falling at a number of stations, and satellite loops show a modest region of heavy thunderstorm activity is building. A strong flow of upper level easterly winds is creating a moderate 10 - 20 knots of wind shear, and the waters are plenty warm for development. Water vapor satellite loops show a large area of dry air lies over the northern Caribbean, but this dry air should not interfere with development over the next two days.
The disturbance is slowly drifting westward, but steering currents favor a more northwest motion Friday and Saturday. Lower shear lies over the Central Caribbean, away from the coast of South America, so any northward component of motion will allow for more significant development. There is drier air to the north, but 92L is steadily moistening the atmosphere in the Caribbean, so dry air may not be a problem for it. There is substantial model support for development. The disturbance is in a dangerous location for development, and gives me the greatest concern of any Atlantic disturbance so far this year. The models predict that by Saturday, 92L will bring heavy rains to Puerto Rico. These rains will then spread to the Dominican Republic on Sunday, and Haiti, Jamaica, and eastern Cuba on Monday. The longer range track of 92L is uncertain, and will strongly depend on where the storm drifts during the next two days. The ECMWF and GFS models predict a more southerly path through the Western Caribbean towards Belize and Mexico's Yucatan Peninsula, and the NOGAPS and Canadian models predict a more northerly path along the length of Cuba towards Florida. NHC is giving 92L a 40% chance of developing into a tropical depression by Saturday. Stay tuned.
just remember when you are left with nothing here, people DID try to help you...thats all. If you are on free shares, ride em into the ground with nothing to worry about - thats all good. If you bet the house and are going for the home run though, I feel sorry for you.
Some of us do look out for others because of being burned in the past and not wanting it to happen to others. Yes, its a miracle, we aren't ALL self serving pricks trying to take peoples money!
damn dude, can we make it any clearer for you? This is the pink sheets - these are made up mostly of scammers, this guy did a 1:10000 RS and lied about the size of it to shareholders, the government site says he sold the properties for lunch money. News flash - they lie - they lie right to your face, they lie on the phone too (you really think he wanted to tell his biggest ihub supporter that it is all a lie???? His game would officially be over)
I know main promoters that were convinced the CEO was telling the truth and ripped me to pieces for saying otherwise publicly until the company got exposed for the scam it was and he came back and apologized. I have personally got companies to retract false PR's after contacting companies in PR's and finding out they knew 'nothing' of the arrangements outlined.
You've been had, or your real name is Leo - there is no other answer here. Sorry man. I hate seeing traders get suckered in, but I guess everyone has to take their lumps before they wake up to the reality. You will not see $2/share for what you have and thats the end of it. Guaranteed.
No..raised eyebrow on the $2/share thing right away, so dug around and saw how he screwed everyone back in 2008 with the massive 1:10000 RS all the while claiming a smaller one was coming. Top it off with him trying to recruit shareholders in a little side business of his. Just have to find the facts that prove the scam since it can 'trade' as long as SEC doesn't shut them down.
what, he's a bank now?? Stephen is another alias? What does First Federal on Hollywood Blvd have to do with DMS on Taft St?
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L10000030231&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=DISTRIBUTIONLOTS4304&names_filing_type=
edit:
I see you addressed the mixup in address - no biggee
Based on? Not based on this info:
Incorporated by City First Mortgage Corp., Distribution Lots 4270 LLC is located at 5821 Hollywood Blvd Ste 200 Hollywood, FL 33021. Distribution Lots 4270 LLC was incorporated on Sunday, March 14, 2010 in the State of FL and is currently active. Stephen Fiske represents Distribution Lots 4270 LLC as their registered agent.
So he owns City First Mortgage now???? Who's Stephen then?
As for the $100...yeah...like a gift in kind, or whatever jargon you want to use.
actually, i'm looking at the 3 filings this year, none of them mention the 'properties' in Florida - only place I see that mentioned is the PDF.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001124043&owner=exclude&count=40
alternatively, Montana already pocketed big $$ selling shares from the scam $2 merger news. Yes, its speculation and the pro' side hates seeing that on here just calling it bashing, but I tend to believe official government websites alot more than chicken scratches written up on pdf's and sent to the SEC for filing (you really think they take the time to verify everything submitted?). It's pink world - these scams are everywhere.
nope...they own nothing (ok, 2 mud lots). Looks like this is just a foreclosure company run through the bank or something similar.
Incorporated by City First Mortgage Corp., Distribution Lots 4270 LLC is located at 5821 Hollywood Blvd Ste 200 Hollywood, FL 33021. Distribution Lots 4270 LLC was incorporated on Sunday, March 14, 2010 in the State of FL and is currently active. Stephen Fiske represents Distribution Lots 4270 LLC as their registered agent.
well....who are the owners?? Not these guys - your links make that clear in 4 through 10. That's all my point is - they sold them all for peanuts last year.
correct, but they don't own it anymore, they sold in 2009 to Chancellor Properties for $100 each - the current owner is fiserv & distribution lots 4270 llc 50/50
Pretty sure there is a big scam in there as well seeing that they supposedly acquired the properties in 2005 for $936k each??? I can guarantee those were never worth close to that, so whats the scam angle on showing a purchase at that price? No idea...don't care though.
How about a link that isn't archived?? Sorry....
These were given away for $100 each last year - there is nothing left here except a couple a vacant plots of mud.
Check sales history near the top - this is just the first three of your list - shame the time you took to do that as its all outdated:
http://www.polkpa.org/CamaDisplay.aspx?OutputMode=Display&SearchType=RealEstate&ParcelID=282733934460341030
http://www.polkpa.org/CamaDisplay.aspx?OutputMode=Display&SearchType=RealEstate&ParcelID=282733934460345020
http://www.polkpa.org/CamaDisplay.aspx?OutputMode=Display&SearchType=RealEstate&ParcelID=282733934460346050
Want to search all 174...go nuts:
http://www.polkpa.org/CamaDisplay.aspx?OutputMode=Input&searchType=RealEstate&page=FindByID
gaston - first real player from the looks of the long term models as it will be heading much further south through the leeward
$1.7million? I checked street view and they are nothing but rectangle lots full of dirt and scrub - I bet they are worth $100k total and thats probably generous given the florida market and the fact that the subdivision looks like it was abandoned by the developer.
http://maps.google.ca/maps?f=q&source=s_q&hl=en&geocode=&q=elderberry+court+poinciana+fl&sll=38.546206,-90.459334&sspn=47.183121,73.564453&gl=ca&ie=UTF8&hq=&hnear=Elderberry+Ct,+Poinciana,+Polk,+Florida+34759,+United+States&t=h&ll=28.05492,-81.50023&spn=0.00658,0.00898&z=17
http://maps.google.ca/maps?f=q&source=s_q&hl=en&geocode=&q=st+cloud+road+poinciana+fl&sll=28.050858,-81.494662&sspn=0.006581,0.00898&gl=ca&ie=UTF8&hq=&hnear=St+Cloud+Rd,+Poinciana,+Polk,+Florida+34759,+United+States&ll=28.088972,-81.5179&spn=0.003289,0.00449&t=h&z=18
As for 2000 homes....lol, I think you know the answer to that one. Of course, he has diluted a billion shares in a couple days, whats another 1 or 2 billion?