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.
Update???
The Baltimore "sampling" has been going on almost a year....
I would like to belive that. Problem is that he needs local refiners/smetlters to do the work. this work has to be weighed aginst the cost of getting the tailings to the refiner... Will there be profit? That's what Ray is trying to figure out...
Yes, he delivered status quo. (no progress on anything)
45 days
Problem is.... The company has zero funds other than what they convert from shares. I'm predicting more dilution then a reverse split... I don't believe this is Ray preference however, he's trying to avoid this but will do what is needed to keep the company afloat. Development here is slower than molasses... Due to inability to get any large investors , progress will unfortunately be slow. The mining sector is slow overall...
Very insightful.... Thank you.
Has anyone even spoken to Ray lately?
How about .01? That would be nice...
Sure but this is going to .0000's! This is too painful to watch eventhough I do not own a single share!
I hear you bro but DAMN!
0000's here we come!!!
I'll have to go back and research but when did they increase the A/S to 6Billion? I thought it was increased to 2Billion after the R/S???
Really?
Keep this stickied!!!!
These links don't work... except for the "who is". Who do you reccomend searching for?
The legal process is slowwww.
It's pretty obvious that's the whole point of the litigation... It could not be more clear.
Not always true. A court would love if two parties came before a judge with a plan both sides were happy with.
All foreclosure s have to go through court... As far as we know VM is not in default. Not sure what your point is but Montecito wants VM back and they're suing to get it.
Why do you think they're in litigation?
Just who are the 5 unknown individuals who received stock?
IMO, no way does Montecito want to settle. They want VM back, period.
Settlement and reaching a verdict are 2 diff things. You don't need to be deposed to reach a settlement. Settlement implies an agreement, which you need a judge to facilitate, only approve. Deposition means trial which can go very poorly for Volk...
Why does anyone think WGAS is on the verge of a settlement? They could have settled over a year ago!
FYI- they've never filed on time. For a company with no activity other than defaulting in the I 1 well, BOD quitting, getting sued over VM , reverse splitting, increasing the A/S 4x's, it's pretty ridiculous'
Thank you for posting. this just goes to show how ignorant we can become when seeing the world through rose colored lenses. Obviously taking a quote from almost a year ago is stretching whatever point you are trying to make. That was pre R/S announcement, nothing ever happened w/ DBar, could pay for Mustang Island, before the BOD quit, before the extent of VM litigation was known, before quadrupling of A/S... I would say a few things have changed since then...
Unchanged from when? Last night? LOL!
Leopards don't change their spots... we'll see...
Still owe $13 million in long term debt...
I forgot , subtract expenses too. Operators gotta get paid too... So maybe they're looking at $300K IF it's all legit...
14 bopd x's $90/bbl @ 25 drilling days/mo x's 12 = $378M not bad IF its all legit. Not sure where you get $500K from.
Heard all of that before... Good luck to you.
60-90 days before the is well is cleaned out... "Quick revenues" not so fast... If any of this is even legit... Like the Ventana letter...
Really how so? 14bopd...
Dbar is dead... No money for it and no activity going on about 3 years! Volk is still dangling that carrot out there...
I'd like to see this contract and a 10K filed... still looking at 60-90 days for well clean out if its all true...Wgas would get about 14 bopd... Sounds like Mustang Island all over again! Funny this happened out of the blue... The well owner(s) presumablly have the well all paid for/financed and they just want to give up 20% of their well for shares.(Volk has no cash on hand per the last Q report)
In one day Volk jumped on a 20% interest of a new well and it just happned to get spudded today.... This smells to high heaven... Another BS PR? Just what did he use for money? More shares? Good grief!
We'll see. Ray is a smart successful guy...
At the end of the day, acquiring properties is relatively cheap and at this point fruitless unless he can develop them... Ray needs to be focused on Baltimore and GB and proving the viabilitiy to mine those claims. I've expressed that to him and he's a smart guy he doesn't need me to say that. SAGD is seriously lacking in funds and needs to do something or else its more dilution from Asher and along comes an R/S or A/S increase... either way its bad but will happen if no JV or alternate source of income is established. In speaking to Ray on several occasions, he's open to the idea of either a R/S. He feels that those who see the long term value will stick with SAGD ackowledging that the pps is likely to return to pre R/S levels. This is a subpenny stock, these things happen and he'll do what he needs to in order to keep the company operating. A lot is hanging on the Phase 1 Survey analysis of Baltimore and GB claims. Personally, I have no idea why he'd do anything in eastern Europe with the energy market. There are plenty of oil well opportunities in the US but needs money to jump into those as "well". Columbia is a long shot as well.