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Thanks NorCal someone will get the gold out.
Strange nobody is talking about gold today.
Gold looking really good lately.
Go get it Goodfree.
Obviously had it been mined out there would have been a void and no gravels to drill.
How do you explain that it was mined out but the gravel is still there? LMAO
Folks you don't sell on this. Just hold a minute and you will see.
Hold on to your lugnuts..... http://ir.eia.gov/wpsr/wpsrsummary.pdf
This might be fun in 15 minutes.
Luckily NBRI hired a driller last year who drilled 3 holes into the virgin gravels and found no evidence of prior mining. But did find a lot of gravels and gold.
Uh the virgin deposit is buried inside a mountain. The gravels have to be brought out to be processed so it's ludicrous to say the gold is gone from this deposit.
Also the longer oil stays below $70.00 will result in fewer and fewer wells drilled so when a recovery happens we could go through a 6-12 month period where oil runs to $150.00 or more until they can ramp production up high enough to meet demand. So the longer oil stays down here the larger the move will be when it happens.
3X leveraged ETF's will decay over time especially in a sideways market. As long as oil and gas keep moving higher the return here should be stellar however if things go sideways for a few months the decay will erode any gains. As long as oil stays in this upward channel it's been in since mid March I will keep trading the bullish plays UWTI, GASL & UGAZ. If it breaks resistance on the down side I will trade the bearish plays DWTI, GASX & DGAZ and wait for the next bounce to buy the bullish plays again.
Buy and hold can work when a huge market move happens, just look at FAS. Buying at the lows of the bear market in 2009 would have been around $1.50. Today it's $127. Not much decay there was there?
Trade trade trade no buying and holding. As long as oil stays in this rising channel keep trading the range. If it breaks through and drops again buy some DWTI for a quick buck.
Upside is still plenty but $15.00 might be a realistic top end if the oil/gas market gets back to normal.
Who istying to convince you of anything? Just stating a fact that the mine was open last year. No doubt about that is there?
How on earth do you explain the government MSHA inspections?
Seriously?
Proof as in pictures, video, outside consultants working there, bills from outside contractors, investor tours and MSHA inspections obviously aren't proof.
LMAO wonder who the inside person was at MSHA that lied about the mining going on at the Ruby?
More ridiculous nonsense.
LMAO it was open all last year.
You seem to be the only one that thinks this isn't true.
Flyers & Anvil have figured it out.
Uh yeah that's what I had said all of NBRI was used as collateral except for the Ruby mine when tangiers agreed to only convert $100,000.00.
Thanks
Yes which is why they only agreed to take $100,000.00 in converts for now.
If the Ruby reopens or mining begins in BC the notes will be paid back in more converts if not they will end up with the properties NBRI owns, again the Ruby wasn't included in this so tangiers can't take that.
Again I haven't been wrong. The tangiers deal limits the conversions to the first $100,000.00. When this agreement was reached most will recall that they were allowed to take everything NBRI owned (except the Ruby) as collateral for the remaining balance.
Now I don't care what anyone else thinks about this but I am not wrong. It's up for each person to decide if $1M in convertible debt is better than $1.8M. But until the tangiers notes are reworked or the PPS rises a huge amount the $800,000.00 WILL NOT CONVERT.
Yeah but $800,000.00 can only convert at .0129. How will that happen? Let's hope it does lol.
Ridiculous nonsense.
Hell yes, don't buy this (until I can load the boat (preferably at .0001)).
You have been saying that for 2 years I think malc.
Thanks just wanted to clear up the $1.8M convertible debt issue that suddenly went away.
Anvil,
You have been quiet on the tangiers notes the last few days. Obviously they are limited to $100,000.00 that can be converted now. You disagree?
Obviously I am not disputing what any means. Just like you shouldn't dispute what $100,000.00 means.
If they were able to do $900,000.00 or $400,000.00 or some other dollar amount it wouldn't have said $100,000.00.
Also many of the notes are under $100,000.00 so please explain how they could convert $100,000.00 on those notes if the balance is less than that?
This nonsense has gone on far long enough.
The total convertible debt that tangiers can convert is $100,000.00. The balance is still locked in at .0129/share which obviously won't be converted for now.
Today is why you should own both UWTI and DWTI.
Will sell DWTI for a nice profit today and sell UWTI for a nice profit next week.
Nonsense any means any. However $100,000.00 obviously means $100,000.00.
How could someone be surprised about this? Obvious reason for so much attention to NBRI.
Nonsense pure nonsense. Legal contract language wouldn't be written so anyone can say anything. It's absolutely limited to $100,000.00.
Right obviously they can choose which note to use the $100,000.00 on.
If it were your way it would have been $900,000.00.
Your making stuff up obviously.
If that was correct it would state "all of the notes" not "any".
I suppose if I had 9 cars and told you to pick any of them you would tell me that means you get them all?
Unbelievable the stuff that is made up here.
LMAO yeah I look forward to tangiers converting shares at .0129. Hope they convert them all.
Obviously they won't so obviously you are wrong.
Then perhaps you can explain how converting the first $100,000.00 of the $450,000.00 note still equals $1.8M?
That's some strange math you are using there.
The $100,000.00 clearly is for all the notes together but by all means post a link with proof you are correct.
You may want to read the last sentence twice then Malc:
Effective December 5, 2014, the Registrant and Tangiers Investors, LP ("Tangiers", or “the Lender”) executed a Master Loan and Security Agreement (the "Agreement") pertaining to an aggregate of nine (9) convertible notes (the “Notes”) previously issued to Tangiers since December 29, 2011, and currently outstanding in the aggregate principal amount of $794,323 plus accrued interest. The Agreement extends the maturity date on all of the Notes collectively to November 30, 2015, and resets the conversion price as applied to the first principal amount of $100,000 of any of the Notes that Tangiers elects to convert into shares to 70% of the of the lowest VWAP of the Registrant’s common stock during the twenty (20) consecutive trading days prior to the date of conversion. The Agreement also provides that a forbearance fee in the amount of $150,000 shall be added to the aggregate principal balance due. All other terms of the individual Notes as originally agreed remain in effect.
http://www.sec.gov/Archives/edgar/data/1450524/000118518514003316/northbayresources8k120814.htm
Malc you are wrong the last update specifically states the original terms of the note are still in effect except for the $100,000.00 they can convert.
So looks like I was 100% correct that the $1.8M convertible debt is not accurate. Unless you want to count in the $800,000.00 or so that tangiers can convert at .0129.
So provide a link that shows you are correct about your post.
Moved more money into DWTI today think we take a week to break through to new highs.
Meanwhile market not looking so good either.
No you are mistaken sir.
Sure but under the terms of the original note which is convertible at .0129.
Hope they load those up lmao.
Anti dilutive those are.