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Some are claiming MGX is sitting on a $80 Billion CAD (yes, with a "B") deposit of Magnesium.
https://ceo.ca/xmg
The Driftwood project is getting looked at again for its magnesium potential.
Facebook post showing drilling video from yesterday is out.
Avg Vol - 1,429,332
Days to cover 2.8
Share Data:
Float - 114,000,000 (7/1/21)
Issue/outstanding - 300,296,152 (9/20/21)
Authorized - 800,000,000 (9/20/21)
From November, 5 2020 Press release.
https://mailchi.mp/zionoil/zion-oil-gas-drilling-rig-loaded-on-ship-and-en-route-to-israel?e=9f7bed00ed
OPERATIONAL HIGHLIGHTS
Our experienced rig crew has been assembled from Eastern Europe and is completing Israel’s quarantine period. This crew has been with the Zion drilling rig (named “I-35”) for several years prior to Zion’s purchase of it in March 2020.
The crew will undergo an intensive Israeli-required safety training course designed to educate each employee on working with and moving heavy equipment, as well as working from heights.
In addition to the safety training for drilling operations, the crew will undergo an intensive Covid-19 protection and prevention training seminar. Zion Oil and Gas has taken all necessary precautions to ensure each crew member's health and safety during this unprecedented time.
In addition to the experienced rig crew, Zion is hiring twelve Israelis to begin training and gain experience as Zion moves toward building an indigenous drilling crew to support Zion’s future drilling operations.
2nd quarter results have been out since 7/13/21.
https://backend.otcmarkets.com/otcapi/company/financial-report/291313/content
I have been keeping an eye on the CEO.CA/XMG page. Not much happening.
MARA produced 22.6 more bitcoin in June than RIOT (265.6 vs 243) @ 32k that's $720k more.
They are now caught up with their form 7s.
https://www.thecse.com/en/listings/technology/zinc8-energy-solutions-inc
This time around they are at a premium. .59 per option while we closed at .43 today.
Again, those are options not shares. They would have to exercise them at .59 (pay cash to Zion) then sell at .40. Not a very good move.
I believe we have had this discussion during MJ1. And the conclusion was the salaries, although high by my and many other's view, are reasonable given the industry and position.
Also they were given options, not stock. They will be required to pay Zion $118,000 (0.59 X 200,000) in order to exercise those options. They dont make money off the options unless the share price is higher than that. So it is a way to incentivize their performance and not a right now bonus.
Short interest 29.37% as if 5/15/21 according to TDA. When is the squeeze going to start?
The Hammer is the MVP of the crew.
Thing are happening, from the most recent Form 7;
"The Management was active in working with ‘Scale for Climatetech’ a New
York State manufacturing accelerator after having been selected to
participate through a very competitive process. The Accelerator selects
companies moving from product development to manufacturing and
mentors them to de-risk the manufacturing Process. The management
continued the planning for the transfer of the Engineering team to its new
location in Richmond, which will be also be the pilot ESS production site."
Correction or Bubble bust?
Currently it looks like RIOT has 11,542 miners in place getting 1.06eh/s. With orders to make that 37,642 and 3.8eh/s by the end of the year.
MARA in contrast will have 6,560 (once the last shipment is installed by the end of the month) and .688 eh/s and orders to make that 103,060 with 10.36eh/s capability, but I am not seeing when they will be fully deployed. Only anticipated deliveries of 6,300 in March and 4,800 in April.
Does anyone know MARA's current capability vs RIOT's? Just curious why RIOT is increasing faster then MARA
Keep in mind that is in Canadian Dollars. So about .42 USD.
Also a reminder that there is good discussion on CEO.CA and some links to recent Zimtu meetings that have some good info.
https://ceo.ca/zair
I have TDA and historically did not have a problem transferring from AST to TDA. I have not attempted to transfer since they went to the OTC though.
I find it crazy that there is only 52.6Million shares outstanding and so far there has been over 75mil shares transacted.
Some more good news that will hopefully moves things forward.
https://www.accesswire.com/618917/Zinc8-Energy-Solutions-Announces-Selection-to-Join-World-Renowned-Rocky-Mountain-Institutes-Third-Derivative-D3-Accelerator-Program
Financials out. Balance sheet looks good.
Finally some good news and some upward movement.
https://www.accesswire.com/598134/MGX-Minerals-Reports-Initial-Assays-from-Heino-Gold-Deposit-Underground
If you have not checked out the CEO.CA page for MGX, I suggest looking at it.
https://ceo.ca/xmg
Also for ZInc8
https://ceo.ca/mgxr
Halted, pending news. Hopefully good news.
That was surprising to me as well about Purlucid. How can MGX own over half and loose the rights?
There is hope for a turn around.
https://ceo.ca/@nasdaq/concerned-shareholders-requisition-annual-general-meeting
I believe it includes the shares and not sure on the warrants. I used this site for the numbers:https://www.thecse.com/en/listings/technology/mgx-renewables-inc. The Issued & Outstanding recently was increased by about the amount of the PP.
Taken from the 10-31-19 interim financials. "At October 31, 2019 the Company holds 13,540,629 shares"
Which represents a 17.9% Stake at current 77,711,374 outstanding shares.
Per your previous post
"Our 3rd quarter financials are completed and are available to any shareholder who would like to review them," notes Dr. Brian Volpp, MD, CEO and President of Full Alliance Group, Inc.
The Statements may be requested via email from the Company at info@fullalliance.com.
Has anyone received a copy of the financials yet? I sent my request yesterday morning and have had no reply yet.
They are actually showing revenue!
https://backend.otcmarkets.com/otcapi/company/financial-report/220052/content
Hi Micro,
I am an accountant (CPA) by trade and can try to clear this up a little. The date of the report is November 8, 2018. This can be seen on the signature pages, on the annual report it will be the date of the audit opinion (quarterly reports do not require an audit). You are right that the financial date is set at September 30, but the subsequent events section applies to the time between October 1 and the date of the report (November 8 in this case). Any material event is required to be disclosed. So as of November 8, they had nothing material to report about the testing.
Any reason why the operational update has not been posted on IHUB? It is not listed in TDA either.