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We need just one more piece of news and then we are looking at dollars, not cents.
A 100% solid PR with all of the details of Phase II & III financing and then off to the races.
Anybody short, it serves you right.
PUMA just gave up and vanished from the bid and ask.
I'm guessing he saw no future in shorting here.
Good morning VHGIers.
I'm thinking we move up 2 cents today. I have my fingers crossed>
All I can say is that I'm very happy with today's action! YEA TEAM!
This is what I think will happen.
The mine will work to prove that it can deliver coal and service the IPL contract. It might take a few weeks or a few months. They have the money to complete phase I production up grades and carry expenses, so I'm feeling confidant of success.
Then another round of financing. A very large round of financing, big enough to take out all of the existing notes, loans, all the ugly baggage, gone. AND big enough to expand the mine about ten fold. There are two thicker seams of coal under the one that we are now mining. When that comes on line VHGI will be shipping coal world wide.
I took 50K between .04 and .0443. Who has the lipstick for the close?
While I was typing someone was dressing her up!
VERT moved to .09 on the ask.
Fl. Did you read the last 8K? The company paid off with real cash, HEB and retired 500,000.00 of the principle of a loan from the Platinum Partners.
Please stop confusing your opinions with facts, the two are not interchangeable.
A new 8K out. It appears that the company is paying off some notes.
http://biz.yahoo.com/e/130322/vhgi8-k_a.html
Edit: That was this AM?
I'm wondering if your are man enough to apologize when you are proven wrong?
I personally know the new management in Indiana. Some for more than 25 years. It angers me to read slanderous remark's written by someone sitting a thousand miles away that has never traveled to or even called the people that are now in charge. I have been to the mine multiple times. Been in other business endeavors together.
Yes, they in business to make money, There goal is to build a successful mining company. This is mine number one, there will be more.
You Sir need to get your self up here, meet these people or sit quietly and observe.
IF you have lost money betting on VHGI in the past, you must not be reading your own posts.
There is a legal term that escapes me at the moment. The concept is that if you loan money, you are entitled a fair and customary gain or profit. You are not entitled to an excessive or for the lack of a better word obscene profit. Even if the borrower agrees to the terms at the time of the loan.
So, by not playing nice with the new management could a law suit and a shot at clawing back of some excessive profits be in the sellers future??
I agree, I don't think that we move up till we get word of the train left the station or some other positive development.
MB
The pictures of the mine are nice. Thank you and IR for the effort.
I have been watching L2 for the last couple of days and it looks to me that VERT is trying to get more for the shares that he is selling. Unlike before when he seemed dead set on driving the SP down. I'm thinking that he is done converting, but not selling. I'm hoping that it is up from here.
No insider selling.
There was a filing about 8-10 months ago or a year ago. I just spent a hour on a slow connection looking for it. This filing lists all of the notes, loans, convertible stock deals that were made over the years. Some to help the mine, some to benefit the previous management.
Look for it, read it and understand how a convertible note works. It is an advantage to the company for the stock price to be higher rather than lower, it is better for the company if the issued stock count is lower rather that higher.
If any trading is going on by the insiders it would be buying. Look for some form 4's.
Read the notes and try to figure out who could be converting.
I will keep looking and post link.
To the moon Alice, to the moon!
A little math.
In the PR. there is a statement that the goal of phase one production is 20,000 tons a month shipped out. I think that I remember from reading in a earlier filing the the IPL contract is for $65.00 per ton. Someone one can go back and fined out for sure, but I think that I'm close.
20,000 tons X $65.00= $1.3 million gross per month. From what I think that I know about mining here in Indiana is that about half of the gross is overhead and half is profit. A half a million a month is not too shabby.
Then phase II and production triples, the coal seam is twice as high, but a bit more CO2.
I don't think that you understand what is going on. The mine is not completely build. It is very close, and it is making some coal as per the PR's. I'm guessing here but I don't think that they are making 10-15% of the planned production.
http://sunrisecoal.com/
This is the mine next door and this is the norm for mines in the area. I'm not making any promises on VHGI, but this is the template.
I do know a safety man at Sunrise and I have been told they ship two, one hundred car trains a week. Do some math. Even at half of that production the cash will soon start to add up.
JP
What they do have is future income to make loan payments. You see a coal mine digs a commodity that has value and sells it for a profit. This mine has a contract with a buyer for said commodity at a set price that insures a profit.
By reading the up to date filings you would see that yes, some of the money raised to get the mine to this point was selling stock, making notes and some of them are plain ugly. I guess you had to be there and know the circumstances. The good part of this is that the truly ugly deals are a small percentage of the cash raised. Most of money raised is in loans secured by liens on equipment or loans by major shareholders.
May I suggest that instead setting where ever you are and throwing stones in the dark, flaflyer your self up to Indiana and do some actual due diligence.
Merry Christmas to all and to all a good night.
Lets discuss this part.
ITEM 1. LEGAL PROCEEDINGS
In October 2012, The James W. Stuckert Revocable Trust purchased from MacAllister Machinery Company, Inc., as assignee, all of MacAllister Machinery Company, Inc.’s right, title and interest in and to those certain claims by MacAllister against Lily Group, Inc., VHGI Holdings, Inc., VHGI Coal, Inc., and P. Rick Risinger which have been plead against those individuals or entities.
This speaks to the point that some people have a better understanding of the potential of the mine over some that may not be as well informed.
New, New accountant.
Changes in Registrant's Certifying Accountant, Financial Statements and Exhib
http://biz.yahoo.com/e/121025/vhgi8-k.html
Nice web site. I hope that the "NEWS" section is used soon and often.
Market makers are working to raise the price. For the last 30 min. I have trying to buy a few shares, each time I hit the ask, a small trade happens, I don't get any shares and the price goes up. It happened twice at .055 and .057, I did get 5000 at .059.
I wish the PR would have been out on the wire, not just at Edgar. Maybe we would be at a dime.
The two guys with the most to loose and the most to gain, putting their money in the mine.
A new CFO with good experience is a plus. The IRS agent thing I have never heard of before.
I have my fingers crossed for news of a train load of coal heading down the tracks.
8K out, new CFO and they raised some more money.
http://biz.yahoo.com/e/120925/vhgi8-k.html
Looks to me that our new CEO is putting his own money up. That is a real vote of confidence.
Ok, I'm standing by. I have the boat loaded and I'm ready to sail.
lol
I have to leave the office, so I'm signing off.
Hey stevo51, where is the news???
We are fast approaching the Aug.10 Platinum Group deadline.
Not much happened today. Maybe big news tomorrow.
Where are the dates on the statement??
Adding 150,000,000 shares to the 100,000,000 that are floating around now. Not a good thing, as a rule.
Lets see what happens in the morning.
NEWS??? Not till next week.
I have been trading in penny stock land for 25 years and if I got a buck every time I read or was told "next week" I would have the money to buy a private island.
The more you think that you know about a stock, usually means the bigger you are going to get burned.
So, VHGI bring on the news!
Just got back to the office and checked the trade tape today. Looks like things are getting better. I wish someone would take out the MM that is sitting at 10 cents with 25K shares. He has been there a month. Somebody hit the 10's once today, just not hard enough.
News is what we need, good news.
Paper man, I'll see what I can do. In the past I spoke to the purchasing agent named Daniel.
I'm guessing that you spoke to "Ron" via telephone, not in person at the mine or your would have saw what was in the pictures first hand. Do you have anything to share?
I don't know for sure how I could take pictures of the mine and get documented proof that I'm at the Landry location. There is a sign at the gate, but I don't think that there is a sign back at the coal end of the operation. We will see.
If all goes as planned, I will be near the mine on Thursday, working on a tornado siren for a small community. I might get to stop in at mine to have a look.
The pictures don't lie. There is coal coming off the belt.
The pile is small but maybe it is big today.
I have already loaded the truck, so I'm ready for a run to the moon. hahaha
I didn't get to go down and snoop. Just couldn't find the time Friday. I have a full day today, maybe tomorrow.
Wouldn't it be great if the company announced news of coal production and progress??
Good morning VHGIer's
I have a unverified report that the mine has completed construction of the last of the items that held back production.
There was to be coal coming into the yard starting last night.
This would be wonderful news, if I can get down there and see a big pile of coal. If I can get freed up this afternoon I may drive down to the mine and see what I can spy. Film at 11:00
If there is coal coming out of the mine, the down side risk with VHGI is cut big time!
Good Luck
I went to the mine today. I talked to the guy at the gate, the management types were gone to lunch. I was there right at noon.
I learned that they worked on the belt line a few days ago and got it extended down into ground. I asked about when they planned to start mining coal, he didn't know. He didn't give up much info.
There were workers moving about in heavy equipment. I saw 4 or 5 guys dressed in mining attire standing around muddy pickup trucks.
So it looks to me the mine is still open and I'm guessing that things are moving forward at a snails pace.
As we always say in penny stock land. "maybe next week"
Lots of luck.
What rules are being broken if I drive down there, look with my own eyes and see coal being mined?
Should I drive on over to the post office and turn myself in?
Hi everyone.
Any news??
I have heard from another vendor that there is some activity at the mine, like they are starting production. They must have found some money to get finished what was holding them back.
If they can service the IPL contract the mine can work it's self out of the hole that they are in. "pun intended"
Tomorrow I plan to be in that part of the world working for another customer and if things work out I plan to stop in at the mine and see if I can learn something.
Good Luck.
8K filed yesterday.
http://biz.yahoo.com/e/120702/vhgi8-k.html
Good morning all. Check out how thin the ASK is this AM. 25000 at .15 and then .60 is up.
Anybody want to have some fun and see if we can take out the .15's and get a 100 share .60 trade to post before the MM's can get their orders straight??
Wouldn't be great if VHGI came out with great news that move it up so I could take profits here and buy the big market while it is down.
OH please Great Spirit make it so.
I guess it's OK to dream