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I would agree with the financials being late except for the fact that it is the first one being generated by the new accounting firm.I have been involved with other companies personally that took longer than expected in trying to sift through the mess of the last accountants. Once they are done reporting which should be in the next 30 days, I do not anticipate this being an issue moving forward.
As the Monkees used to sing "I'm a Believer" I keep averaging down. I am at around .06 will buy another 20k tommorow. I can see big things by the end of October double digits. I still think that this project is to big for this company so it would not surprise me if a major mining company would buy them out 1st quarter of 2013. I am sitting on 800k shares. Hopefully at these prices trying to get to the million mark. I feel so confident in this stock more than any other one.
Here is my BOLD predictions of this stock.
#1- double digits within 2 weeks. Here is why. The company will start producing the financials and once this happens, this will open up to investors that are just waiting on the sidelines. Most would wait for them to be compliant.
#2- Now here comes my really bold prediction that within 6o days we will be trading in the .40-.45+ range.
#3 this is just speculative, I think that this project is too big for HYII I would not be surprised if there is not a larger mining company waiting to buy them out for at least $1.00 - $2.00 per share.
This stock is waaaay undervalued!!!!!
Here is how I am seeing this right now. The company is behind on their filings but I would have been worried if not for the fact that the CFO resigned. My friend is an accountant and he told me first hand how long it takes to get back up to speed when starting almost over, in trying to figure out the old accountants mess. I figure that we should see some of the financials shortly.
Now here is why I think that this is a big play. I was talking with my wifes cousin who is in the mining business in Peru, Chile and some other places and what he told me is interesting. Most of these mines are owned by old timers with virtually no financial resources so they make a deal like the one here for the Salitrosa Iron Mine this deal is huge compared to most. Now here is what I think may occur, my first thought is who is All Grade Mining, up until October 2011 was a horseshoe company so what expertise do they have in the mining field. According to the business plan the owner of Foreign Commerce is Tony Alvarez. My wife's cousin and I were talking and he said that in order to produce and transport 100K tons per month which the business plan states they would need ALOT of equipment (trucks, bull dozers etc.) as well as an infrastructure to accommadate a work force of 100 + workers. I do not believe they have the finances to do this on their own. So we think that there is a bigger entity that will get involved probably another deep pocket company who is in the mining industry already. My cousin says that this is very common and he is currently working with a Canadian company that does this all the time, So in conclusion that is what we believe will happen, if not well then it should be interesting to see how this plays out.
It amazes me that you always get the Russo and hardasset negativity. Do either of you two have any skin in the game because what little few of us that are on this stock don't seem that interested in what you think. Who cares!!! I believe that big things will be happening with this stock and I have the highest cost average then some of the other guys @ .15 and like this company. I will make you both a deal that if this stock isn't double digits within the next 30 days I will quit this message board but in that time be pessimistic somewhere else. Go HYII !!!
I would have been a little more concerned but looking more into everything that has happened so far with the CFO resigning, and the company getting a new accounting firm probably put them behind. I would think they will have everything filed within the next 2 weeks. That is what I think just my opinion.
Doesn't look like there was any selling pressure going on today. I figure the latest financials will be completed within the next 10 days.If the stock can stabilize here I can see a nice press release happening within the next 2-3 weeks. I still feel that the key to this stock is paying the bills now and for the next 4 months, as the mine which if it is on schedule to start by year end will be very profitable. IF they can produce the numbers that they are claiming in there pro forma, than just this Salitrosa mine should bring the stock price to $2.00- $3.00 per share by 1st quarter 2013. By then they will be showing sales from the copper mine ( maybe even another iron mine in the process of being bought). I have approx 150,000 shares @ .15 if this stock does what I anticipate than it will be life changing if not well than I will wake up tommorow with no regrets and look for the next big deal. I will know soon enough.Even .30 and I doubled my money.
Good luck Russo. Sorry to see you go but I have a feeling that you will be back. Like I said earlier the next 60 days will be a make or break as I do not think that they will have the capital to keep things going. I always find it amusing when someone paints a dark picture about something while contradicting themselves. Yes they have to pay for the Salitrosa mine so it is not like they need 2.9 million today as Mr. Russo has provided the payoff payments. Does not look to be behind in those payments. There are so many other companies that have 500 million- 1billion in outstanding shares, so I am not concerned. Here is my view as to why this is a good play ( again only my opinion) Copper mine, Salitrosa iron mine and another iron mine that they have the intent on purchasing. Who knows how many other mines they may still obtain in the future. High reward!!! Not like I am buying at high prices.
I saw that there are almost 35 million shares in the float.I figured that anybody who would want to keep controlling interest would have to have at least 35 million shares. I said 50 million as a safety net. Someone had shares to sell that were probably free that is why the price is so low. Eventually they will run out as far as the other shares, I do not know where they are, maybe they were givin in lieu of monies to secure the other mines or paid for older debts. I am just taking the waiting game approach, as it does not seem that we will have to wait to long to see if this is a winner or not. 60 days max. Again just a hunch.
I also feel that the stock should be at .12-.16 by end of September but with some big news between .35-.45 by end of October.It looks that there is approx. 35 million shares with 45-50 million of restricted shares that are generally used for controlling interest. But I would like to know who has the free trading stock. When the reverse was done back in October/ November there was only approx 335,000 shares the shares before the reverse were trading at a price of.0020 a 500-1 split gave the value of stock at $1.00. Using lets say .05 ( todays price)divided by 500 would than be a share price of .0001 , which makes me think that the only people trading this stock would be someone that received them for free. I am thinking that this is the culprit as to the low prices we are seeing.I am still buying at these levels because I have not found anything else that has collateral of land and minerals of this magnitude. Just my opinion. They also have a copper mine as well as another iron mine that they are in the midst of buying. I also know that there are alot of big corporations that are looking to do business in Chile for these minerals, this is why it doesn't make any sense to these low numbers. The major question that I have is can they keep financing these mines before they become productive.
I really thought that there will be a huge rebound this week in the stock price, I have seen this before with another stock I was an investor in years ago, seemed that the company thought they could jump start their stock price by getting a company to promote it , but instead they sold it at whatever price anyone was willing to buy it at. Looking at the price per share even before the r/s it would make me believe that the people who are selling this stock had to of received it for free. I doubt someone is selling this at big losses. Just my opinion, for whatever that is worth. I just hope that this company has money to keep them going, it would be a shame for them to go under, because they really have a great business plan. I will rest easier knowing that they obtained the mining permit from the Chile Gov't. If or when this happens this stock will see a huge surge in price.
I do not understand why people invest in something that they do not research. Russo123 why are you here? Are you an investor? If you are than why invest in this company? I have a family member that has an engineering degree in another country, he went to Chile because the company he was hired by is from Canada and they pay very well. He told me that there was a lot of interest in the mining sector of Chile. I talked to him and thru his connections he thought this was a great opportunity. He also told me that the geologist was very well known and respected. He would not be involved in something that he did not believe in. He said a lot of companies fail because it costs to much for shipping of the materials ( which having a train track nearby is a big plus)as well as potable water. It is these things that will make All Grade Mining successful. Iron is a very sought after commodity and a lot of countries want and need it. There are a lot of corporations looking to invest here. I do not know anything about who is promoting this company. I just thought there are not a lot of shares outstanding compared to most mining companies (in excess of 250 million + shares). For me this company has a lot of pluses. The one thing that will be detrimental to this company would be not obtaining the special mining permit from the government. But my cousin said that it generally would not be an issue. If anything may take a little longer. But once that happens than there is no stopping this stock in taking off.
This stock is way undervalued. One of the most respected geologist is now on the board of directors. I spoke to someone from Chile who said this guy is the real deal to sign on. Because of the amount of volume they are looking to mine on a monthly basis they need a special permit from the government, which they should have soon. Here are two things that are essential to a valuable and profitable mine. Water and logistics. They have accomplished both of these things already. Not only do they have this iron mine but also a copper mine. I also would not be surprised if they are in contracts for the other iron mine. This company would not be going thru all of these expenses if it was a scam.
I can not believe people are not buying this stock. These prices are just incredibly low. I look at other stocks and investments that I cannot believe people are investing in, but I think this is the real deal. I know this stock will be over $1.00 by September $2.00+ by December '12 and over $5.00 by end of 1st quarter '13. I have done some of my own due diligence and checked with some contacts I have in Chile and it was all confirmed that this Iron Mine is owned by HYII and they should be in full production by Jan '13. I have already invested $50,000. Get your popcorn ready people this is going to be a fast ride.
Doing some checking up into this stock. If you see this stock up by the close today around .60 than tommorow this will jump BIG TIME.
Amazing how there is no volume on this stock, especially with the amount of shares available.
I think sometimes when a company reduces their debt to zero,it may be a candidate for a buyout. I also believe that there are some stocks that can be flipped rather easily, but it seems that this company has alot of long investors.I was able to get 20k shares today at .0098 which was a partial order of 90k.I am now averaged at .0154 but I am not interested in selling. This stock has a really good chance to do very well this quarter. JMO!!!
Interesting that there was a big buy order at 1.5million shares at .0143 that is more than what this stock has been trading in a day. I would have thought that just that 1 buy would push this stock price higher. Still alot of movement today.
Too bad the last sales were in the BID would have liked to see it up around the .018 range. Couldn't even get to the 1 million traded range. Very low activity. Less than $15,000 traded all day.
I agree with equity8 what is the hold up?? Ecos should at the very least give some kind of updates, unfortunately No news most of the time is bad news. Something is up and I am not talking about the stock price.I think beside the stock price being lower the thing that is more troubling is the lack of volume.
It is just amazing how there is no volume trading on this stock. Less than 1 million shares and 1 hour left in the day.
Or people could get scared into selling this back down into the .017's
Great information on the company. Just listened to the radio show. This stock has big earnings.
ZZZZZZZZZZZZZZZZZZZZZZZZZ!!!!!!
What a sleeper it is amazing how the Ask sizes are in the hundreds of thousands and the bids are in the 5000 range. MM's are keeping this low. HURTS !!very low volume so far today, I am sure someone will buy with two minutes left.
I am confused as to why the price starts rolling higher at the ask is at .0148 than why would someone put the ask lower to stop the roll higher. This thing has some mighty big gaps.Any thoughts
WOOOOOHOOOO keep moving up BABY!!!!!!!!$11 million lat minute.
Bought the last amount of shares for @ 0161. I am now all vested. No more money to play. GO ECOS!!!!!!
It still surprises me that there is still not alot of shares being traded with all of the news that has come out recently . I think the MM's are hoping that they can drive the price lower to cover their shorts. I am not worried, too many positives to this stock. Just out of curiosity this stock was at .068 back on March 29th 2011. Seems to me that this should be at least that price now with all of the news. Anybody have any idea why the price was so high last year??
So someone is willing to spend 16.50 dollars for 50 shares @.0334 and pay 9.99 on top of that. Something smells fishy!!!!
These bids for 500 and 1k blocks is amazing. BS!!!!!
Here we go just like I thought a nice run in the last 1/2 hour of trading.
It looks like the last 1/2 hour of trading today should define where this stock will be tommorow.Looking for a nice run but should definitely stay above the .03 mark.
WTF!!!!!!!!!!
Busted the cherry .03
ASCM is a dirty player. Just read some things about them and there deceptive trading practices.
I still cannot believe how many applications ECOS has in place, and that this stock is only in the .02-.03 range.I an fortunate that I will not have to wait years like some other investors as I got in last week.I wonder where this stock would be if they had a MM.But it is good to see that they are doing it the right way and will not sellout.Too many positives with this company.I wish I had more shares.
WOW it was like who was going to blink first. I am hoping for a lower number sub .019 just to average down a little. Sorry! But then I think that this stock should do extremely well by Friday. It would be exactly 1 year ago that this stock was at .068. Plus it is my birthday and I generally always get what I want.
I was surprised that this stock did not move at least to the .0275 if not higher.
Not sure how I had a sell order at .0235 and by passed me and went to .0275 did not sell anything.Something doesn't smell right.
9,000,000 at .0275 WTF