Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is such a weak argument/opinion. In a period of over 3 years since claiming this silliness they have brought nothing up to show this is even remotely possible or true.
Anybody can claim there are to a upon to a of gold but to actually provide those tons seems to be an impossible venture.
Obviously it's simple to mine hype and impossible me for NBRI to mine gold. It's so goofy to hear people claim all this gold exists without seeing any of it. The talk is as if it is so easy to recover, like it's just sitting there ready to go but NBRI isn't smart enough to actually go get it.
Where is this gold????? I know, "it's days away" just like it was over 3 years ago. Please, it's laughable to continue on with the same old same old rhetoric.
But what if everything you we told is exaggerated to continue to raise funds???? What if nothing was changed but the rhetoric??? You see, those who believe in NBRI have believed their word even when their word was horribly misleading and incapable of becoming reality. This is where we go on different paths. I say it's not going to happen and that this company does spend money at the mine to help raise funds which are used to make people money for minimal work and risk.
No it doesn't because the stock promotion letter which is a tool to bring the stock to the public stated Ruby by end of 2011 and 4 more by the end of 2012. It was irresponsible to suggest this was a fast track project and that the Ruby would be a producing mine within 6 months.
It was totally misleading and caused many people to get in based info that just was never accurate. They did not have the EB-5 and even had they gotten it they never would have had the Ruby online in less than 6 months.
There is no arguing this. They are Perry's words from is very own $8,000 paid stock promo letter.
What you are doing is discredits his own words not mine. But continue because we agree that it was never going to be online by end of 2011.
LOL it was their own stock promotion letter that stated the previous owners did the leg work and the Ruby could be producing in a short period of time by the end of 2011.
It was Perry's promo, Perry's words and Perry's timeframe.
So obviously we both agree on this. His words were utter and total bullshit because everybody knows it takes years to develop a mine not months.
It was a promo to sell stock and his words were obviously misleading and utilized to gain interest and volume in the stock to raise funds.
You and i both know the stock promotion letter was talking about mining continuous gold not drilling holes and tunneling. And the post is 100% accurate. They are not mining continuous gold anywhere 2-3 years after claiming Ruby and 4 other mines would be producing.
So the Ruby mine was online in 2011 and 4 more mines came Online in 2012 like "Team Leoplod" said in an $8,000 stock promotion letter in June of 2011???? That's credible to you?
Stock promotion is meant to sell stock, which it did by using hype that was not credible at all. As proof, a full 2-3 years later there are zero mines online out of their projection of 5.
0% success date even after 3 years on Ruby and 2 years on 4 unnamed other mines.
Yeah, credible must have some very vague terms if that counts as credible.
They have never posted anything about miners working 7 days a week either. Kind of funny how that works huh? No evidence required if an unsupported "feel good" story is presented but when a "not so good" story is presented suddenly the only thing that can be believed is what the company has stated LOL
Why would the stock price of a company who mines no gold and sells no gold go up because the price of gold goes up???
There is no belief in them other than from a handful of investors who seem to like the idea of trying to catch a falling knife. The word if the company means nothing. They have endlessly disappointed, made outlandish claims that 2-3 years after have proven to be total bullshit.
But all they have to do is keep saying "soon" and the book just gets buried deeper in their stomachs. Buying shares at .22 and .01 claiming it's as cheap as it will ever be the entire way down.
Nobody believes this company will prevail other than a few shareholders who have no power over the share price or the business. Other shares in commons hands mean nothing, pool them all and they have no power to do anything. Controlling interest is in the hands of a few who make sure their interests are satisfied at the expense of the commons who praise them like they are the second coming of Christ.
Oh it is reality. The price of gold has nothing to do with NBRI. they have never sold an ounce of gold, they have no online mines that are producing revenues from the sale of gold.
To suggest their stock price has suffered because of the price of gold or because actual mining companies stock prices are down is laughable.
Once again, this company has no operation that derives any income from gold whatsoever.
The stock price is a direct reflection on managements inability to protect shareholders through sweetheart funding agreements that reward those funders with stock that is always priced below the current level. No matter how far down they push the pps they will always get their next round of shares for even less.
It's not rocket science.
Your argument makes no sense. I'll use oil as an example.
Exxon/Mobil stock price can and will rise and fall with the price if oil. However like any company they also can manage their business more efficiently to offset the negative effects of fluctuating oil prices be leveraging their business in other areas where oil prices don't mean as much.
NBRI price has nothing at all to do with the price of good because they don't mine gold, they don't sell gold and they don't create any revenues from gold. You can't just call yourself a gold miner. Their stock price has absolutely nothing to do with the price of gold. If they ever actually mine gold and produce revenues from it then that argument can be made but right now NBRI's stock price has nothing to with the price of gold, oil, water or plastic. It's all about the paper they print and hand out at steep discounts to shady funders.
End of story.
Yeah, right....and this company has gained the benefit of the doubt by doing what exactly????
Using good somebody else mined as proof they will find some????
Diluted the stock into the ground???
Mislead investors about mines coming online???
Seriously what have they done that would means anybody to believe in them at all????
Cool did he say they were still on track for a Ruby opening before end of 2011 and 4 more online by end of 2012?????
Again, provide what is required in hard numbers for $1 per share to be possible. Revenues, profits and assets is a good fundamental start.
People always throw ridiculous pps targets out there without a clue what it takes to make that a reality.
Without 1 more share of dilution that would be 187 million market cap.
Can you provide what kind of financial returns are needed to even consider $1/share possible?????
And the excuse when it doesn't happen will be????
Oh it's real but it has zero to do with NBRI. Perry didn't find it, mine it, sell it or get any of the proceeds from it.
So it has absolutely nothing to do with NBRI. Simply being the latest people to stand on top of the mine where they came from doesn't mean anything.
If I dug up $1 million in cash from a piece of land that you bought after the fact doesn't make you a millionaire my friend.
NBRI is required to actually get their own gold. I know it's a crazy concept but buying the mine doesn't come with all the past gold. They either get their own or keep baiting the hook by taking pictures with replicas of somebody else's gold and acting as if they will duplicate that.
Is "getting ready to" similar to "soon" or "in a short period of time" or "by the end of 2011" or "by the end of 2012" or "near future" or..................
Again, NBRI out the cart before the horse and made fluffy projections based on things they a)needed and b)didn't have.
But it did lure people in at much higher prices which means funders were a me to sell stock and raise funds for the next "loan" to the company.
$8,000 for stock promotion pushing events as if they were fast tracked when they weren't in order to make investors believe they needed to buy now or be left behind.
3 years later they are stuck with huge losses or they continue to average down to try and lower their loss percentage.
How about the other three mines that wee to be online in 2012???
How do you say 5 mines online by end of 2012 and 2 years later have zero mines online.
That's a total joke. There are no excuses for such shenanigans.
0% of projected mining taking place a full 2-3 years after making that silly statement.
How would anybody determine info from the company to be accurate knowing their track record of delays and excuses that were only used to push stock sales for funders to dump into???
These conversations to round and round.
There is gold in the ground.
NBRI hasn't been a me to bring any mine online.
So, it doesn't matter if there is billions of dollars in gold, gold luang all over the place or just a fairy dusting of gold.
NBRI isn't getting anything out of the ground and until they do and prove an amount that makes them money, nothing really matters.
If they can't get it then it doesn't matter what is or isn't there for the taking. To date they have been unable to get it.
Here is what you are missing.
everything you were told and believe about NBRI was a fluffed up myth. Their capabilities are not what their press releases make them out to be.
Your catalysts and lists of events is based off of forward looking less releases and if it's actual results which show the press releases to be pure bullshit.
Micro miners???? What kind if term is that??? Is that how you classify penny mining stocks these days????
Fact: NBRI has shot themselves in the foot by continuously making projections that they have endlessly failed to meet and now face the consequences of having a shitty wstock price and nothing to prop it up with.
Uh there are thousands of companies that use results and accurate forward looking guidance Spanky. It's called having a business that provides results that create sustainable growth and value.
Public relations that promote a companies products or services increases revenues, profits and value of the company. Competent management doesn't spew stupidity about having multiple revenue producing mines and 3 years later still have diddly squat.
Seriously, the total lack of respect for shareholders paired with all the excuses made for inexcusable behavior is exactly why this is just another run of the kill crappy penny stock.
You want to convince me this is for real??? Then show me a deadline that is t erased with an excuse or hidden behind a new shiny PR about a different mine.
Let's see it. Enough of the bullshit lies, excuses and "soon". If nobody could say anything her until you saw continuous mining there would never be another post on this board.
What's more ridiculous. The share price or the mine being 3 years late opening?????
LMAO!!!!!
There is a direct correlation between the pps and the Ruby mine. Hype doesn't carry over for three years. Share price reflects the irresponsible claims made by Perry and the $8,000 stock promotion program he used to get those misleading words out.
He needed money that's why he did it. That's why everybody utilizes stock promotion. Paint a picture, sell stock make excuses...
The stock price has given up on the company.
Bwahahaha that's like saying the auto industry is slow so that excuses a circus clown honking a horn in front of a vacant lot for 3 years claiming a car dealership is going to open up any day now...
Oddly enough all I hear from Perry is how Gosh darn close they always are to operating a continuos mine....has he ever gone on record as saying "it's tough all over for big time miners like us"?!?
Honk Honk!!!!!!!
Yeah they do. Several, so claiming in 2011 that Ruby would be online in 6 months was irresponsible stock promotion meant to push shares into the laps of people who didn't know any better.
And then claiming 5 mines online by end of 2012 was uses to keep fish on the share buying hook knowing the Ruby would never be online in that 6 month period.
They certainly know how to sell shares but they can't seem to get a single mine online. Pathetic way to sell stock. Mislead the very people who are buying into the company.
There is no reason at all to buy into his claims because he's proven himself to be totally unreliable.
Because the only sliver of hope is that all that's been told is true.
Well except for the timelines on mining, now many mines would be in operation by now, how long it will take to tunnel, drill, complete a raise etc.....all that's immaterial if one just focuses on the exact item that has yet to be delivered and act as if what has been said about it is accurate, unlike anything else the company says...
It's that magic thing that since it's buried underground can't be proven or disproven. So, if it never comes up they can rest their head in it always still being there and will come out soon enough right???
They are a junior exploration company
LOL you say they are a legitimate miner and then say they "will mine" eventually....
They can't be legitimate miners who have never had a continuous mining operation...
There is no proof that NBRI is capable of any continuous mining operation or that their attempts will yield profitable gold.
There is ample proof that they can delay a mine opening by over 3 years and can't project the opening of 4 others by over 2 years.
There is ample proof that toxic funding conversions are destroying the share price and that investor confidence is at an all time low based on long term share price trends.
Until the day comes when their own continuous mining operation is yielding profitable gold, everything they claim they can and will do is hype. 6 months turns into 3 years, 6 weeks turns into 6 months. That's their own doing based on their own irresponsible projections.
They have dug their own hole better than they have dug mining tunnels.
There as certain reason why penny stocks are almost all incorporated in delaware and Nevada. It's because it is nearly impossible to pierce the corporate veil and hold officers legally responsible. And because personal assets of directors/officers can't be touched.
No that post is totally right.
Perry said Ruby would be online mining by end of 2011.
Perry said 5 mines online by end of 2012.
Here we are halfway through 2014 and not a single mine is operational. That's pathetic to say the least. It's also irresponsible to say and with such huge delays it was totally misleading to suggest a mine that isn't up and running after 3 years would have been up and running on a 6 month timeline.
The stock price reflects the total lack of results and each passing day makes it look less likely to ever happen. That's not just my opinion. It's the fact that "mining soon" doesn't move the pps any more and the company has totally lost control of the share price by having such lengthy delays that have cost so much money.
How long did it take the last outfit to "sell it" after going broke??? You really think anybody will be interested in a mine that hasn't seen profitable good in 70 years and 2 companies spent millions only to never find all this good that's laying around everywhere?????
LMAO!!!!! The contradictions here are simply amazing.
So once again, 2011 for Ruby and 5 total in operation by end of 2012 was a ridiculous statement that was entirely misleading.
3 years later no Ruby mining after giving every indication that no more than 6 months was needed.
2 years later not a single mining operation when it was indicated that there would be 5. That means they have a 0% success date of opening mines. And it means their own self imposed timeframes are so horribly bad that they can't even successfully open some portion of 5 mines. Not 4, not 3, not 2, not 1.
Of the 5 mines in question, each and every single one had unforeseen issues stretching between 2-3 years currently???
Really????
Was he misleading investors or is he incompetent???? Take your pick.
If everybody knows how long the process is then why did Perry lie to shareholders in 2011 claiming the Ruby would be mining in 2011 and a total of 5 mines by end of 2012????
Everybody knew Perry was misleading investors????
Okay, it's making more sense now. The timeframe Perry gave couldn't have been met because everybody knows it takes way longer than that to open a mine so Perry was openly misleading the naive who don't have a clue about mining.
Thanks for clearing that up.
Being the second failure doesn't add value no matter how many tunnels they open. Gold adds value to a gold mine. Between NBRI and the last outfit they have spent what $10 million without any profitable mining??? Who will swoop in next to lose millions???
At some point the fact that they have made all these claims and still aren't mining simply means they are incapable or the good doesn't exist. I don't see another buyer coming in so they have nothing without profitable gold.
It is that simple.
What does any of that matter if they go broke and never mine gold at Ruby???
How exactly has the development increased the value??? It's actually done the opposite. It has diluted the company and decreased the value. Only one thing increases. Amur and that would be if NBRI mines gold profitably. Everything else costs money and adds to losses and dilution. The last company spent millions and went broke.
Nah it's not inside info.
1) it's not material to shareholders.
2) trading based on that info gives nobody an unfair advantage.
I personally doubt they are but the number of days they are working would determine the level of immediate costs but not the end result. It will either drive them BK sooner or some believe they will find good sooner.
More than likely it's just another tactic used to keep the fish on the book because if they are working 7 days a week it can't be long now right!???? LOL