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Market likes the shake up in management. Near term production is probably the likely outcome.
bid 52k .27 x .28 45k
Hiya one4 - I tend to believe people like John Embry of Sprott who maintains we have yet to see the bubble in mining stocks. Im not overweighted in them but I do own a few. I just found RYSMF and am putting some more money in it today. I suggest any of you that like gold mining stocks to take a look at this one. Sprott owns about 15 million shares and the stock is breaking to the upside.
Keep stackin one4
Have you taken a look at RYSMF lately??
People once thought Gold and Silver were dead and gone. Psyche changes IMO
Ive been commenting on RYSMF on the ihub board. Im the only one there apparently. Its trading on decent volume for being so off the radar. Im putting more in it Tues. From what Ive gathered there might be some news shortly on the mill. Im purely speculating as I think many are here but it seems like they might kick in some production soon. I think I read that they have stuff to be milled right now. If I knew what I was talking about I would call the company. I dont know diddly about it.
The lower it goes the more gets used precipitously by industry thus leading to shortages sooner. Clive Maund doesnt comprehend what a finite resource Silver is and his thesis based on charting this trade is ludicrous at best. Sure it may go to 4.00 again according to a 100:1 paper print on the comex but you wont be able to buy any at that price and if you can you are probably smart enough to comprehend what finite means. The paper on the comex is endless but physical Silver is not.
Silver is looking to run out of supplies in about 10 years. Even faster given Silver had about an 18% rise in new uses last year on top of strong demand by both regular industry and investors. Poor Clive and his followers dont comprehend the numbers. Just do the YOY analysis on 18% + yearly new uses growth and decide for yourself.
BTW - did you know that PSLV is trading 30% higher than spot?? Clive says we cant afford to be wrong and then says prepare to be wrong. Who needs advice like that??
Ran this one across Vectorvest and was surprised to see it covered. Anyway, VV says its fairly valued and has a high comfort rating. In the past, VV has been a fair tool for looking at a micro-caps objectively. I think the fact that Sprott has a considerable position is what is keeping us elevated in this trend. I am going to buy more of this on Tues. - I like what Ive read and feel pretty safe parking some cash in it.
Its misleading. Yes, they are listed as a foreign company but are actually based in Nevada and their mines are in Nevada. They also have some coal mining interests in Kentucky.
Sprott Asset Management owns 9,865,380 shares
Sprott Canadian Equity Fund owns 5,813,097 shares
Outstanding 83.85m
Float 76.61m
Free trading shares about 50m
BTW in my DD diggin I found out that Sprott Asset Management owns 9,865,380 of RYSMF and Sprott Canadian Equity Fund owns 5,813,097 shares.
Outstanding 83.85m
Float 76.61m
Uh - I guess it pays to dig
Sprott Asset Management owns 9,865,380 shares of RYSMF
Sprott Canadian Equity Fund owns 5,813,097 of RYSMF
Outstanding 83.85m
Float 76.61m
The more I dig the more I like it!!!
What cant you extrapolate from the PR in terms of near term news?? It was only several months ago and the company will be reporting after Jan 31st.
Company looks like the real deal and is in production phase. Looks cheap here.
Anyone here familiar with Royal Standard Minerals?? RYSMF?? FYE January 31st and it looks like they may be reporting production. There mines are here in Nevada.
http://finance.yahoo.com/news/Royal-Standard-Minerals-Inc-iw-3697191329.html?x=0
Anyone familiar with Royal Standard Minerals?? RYSMF???
http://finance.yahoo.com/news/Royal-Standard-Minerals-Inc-iw-3697191329.html?x=0
Its in a solid uptrend with no following. FYE is January 31st
Sounds to me like they are going to be reporting actual production in the next report.
anyone ever heard of RYSMF - Royal Standard Minerals??? Its in a steady uptrend without much following. Fiscal Year ends Jan. 31st
http://finance.yahoo.com/news/Royal-Standard-Minerals-Inc-iw-3697191329.html?x=0
Do you have any current info on this company?? ANy upcoming news??
In a solid uptrend - did some nibbling
John, Im going to pass on the Libertads. Just not enough money around to do everything these days.
Its all high risk capital, saj. If I lose it Ill be fine.
I may be able to come up with 500.00 bucks on ebay since I have a 1955 - 1964 Proof set(s) for sale that are ending soon but I also have a car in the gargage today with a tranny problem so I will have to get back to you and see what my funds are before I commit.
Is that one sentence or a run on?? :)
.35's up
Thanks S_P
Home sitting by the fire while it snows like hell :)
Wow - thanks for the low down stinky. I bookmarked the seller on ebay so I can take advantage when they go on sale.
I see we hit a high of 30.675 today spot. Hope all are doing well in their pursuits. I know stackers are happy with the higher prices and I hope this shakes down into the mining secot soon!!
SUre hope the bid firms up - looking weak right now
30.60 :)
Awake and kickin this morning
Movin on up over 30.00 tonight. I believe a break above 32.50 we will stat to see some real momentum.
First in first out is a pain in the rear. I can see how you would like to exit those higher trades.
deadjim - you selling on Monday?? Sounds like you are leaving the trade. IMO there is still a lot of upside here if the company can maintain listing. You wont find many .20 cent stocks with fundamentals like Sino Tech
Wooooohooooooooo!!!!!!
WHo is going to belly up and hit .35?? I already did my fair share of ask slapping today.
Amazon is not the be all, end all place to sell. I would be far more impressed if they landed WAG or WMT
Selling through Amazon is no big deal. Just about anyone can sell on the site.
Its a story stock trading on speculation. BTW - most Nasdaq, Amex and Dow stocks trade according to P/E's and other FUNDAMENTAL analysis. Even the S&P trades on fundies.
I also wouldnt call this the safest investment - according to you. Its just a crappy pink sheet until they prove themselves.
All I want to see is the balance sheet. I will commit more to this trade if they can establish this.
Now that is funny - how you define fundamentals - lololol
You need a dictionary, buddy
fun·da·men·tal /?f?nd?'m?ntl/ Show Spelled[fuhn-duh-men-tl] Show IPA
adjective
1. serving as, or being an essential part of, a foundation or basis; basic; underlying: fundamental principles; the fundamental structure.
2. of, pertaining to, or affecting the foundation or basis: a fundamental revision.
3. being an original or primary source: a fundamental idea.
4. Music . (of a chord) having its root as its lowest note.
noun
5. a basic principle, rule, law, or the like, that serves as the groundwork of a system; essential part: to master the fundamentals of a trade.
6. Also called fundamental note, fundamental tone . Music .
a. the root of a chord.
b. the generator of a series of harmonics.
7. Physics . the component of lowest frequency in a composite wave.
"Yes I agree but that is why the stock is cheap"
We dont know if the stock is cheap at this time. To make the claim that its cheap based on fundies is absolute nonsense as there arent any fundamentals to hang our hats on just speculation. Usually, speculation leads to an overpriced stock. With DROP all we have is speculation. Until we get some numbers I would say its overpriced.
With support around .43 and the stock holding the 50 MA I think downside is very limited at this point. I bought at .60 last week and am going to try to average down around .43 if it happens.