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The quarterly will be released on the 5th.
Some believe there may be a PR to go along with it possibly announcing land or such. That part is all in WLs court and it's hard to say but I know MMTE is very excited to release and want to release ASAP!
You are absolutely correct - there are definitely some people that have converted. If interested you can contact Brian.
917) 310-3229
E-mail Address: brian@mammothenergygroup.com
Hey munz - I guess now you are 'the talk' over at the other board. Personally I consider LIEG and M*TE to be beneficial investments. Can't go wrong especially with some talk of mergers and such.
Everyone certainly has an opinion; however, I prefer to trust my own research over a simple statement or the daily ups and downs of the PPS.
So you're saying there is a connection between Mammoth and Alange?
Here is Alange's contact info:
Head Office
333 Bay Street, Suite 1100
Toronto, Ontario M5H 2R2
Telephone: (416) 360-4653
Fax: (416) 360-7783
Colombian Office
Carrera 11A, No. 94-45 Piso 9, Ala Norte
Bogota, D.C., Colombia
Telephone: (571) 743-2140
Fax: (571) 743-2144
I dont' see them in Chile - only Columbia
Start at:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62651730
In that posting it included a link for some information that showed Mammoth Energy and another company.
I do not believe there is a connection other than in name only. It appears Mammoth Inc was listed on TSX and delisted (merged). I looked through their properties and board of directors and didn't notice anything with a quick glance. It is certainly worth looking into though just to verify - this came up about a month ago if I remember correctly but I don't recall the outcome.
Because of this statement in that listing:
MAMMOTH ENERGY INC now ALANGE ENERGY CORP.
Based on past history and the time leading up to the Annual Report I would guess things will be quiet until 5 May.
Please request WGEI to be added to stockcharts.com - here is the link:
http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
LOL...I love it!
10Q Released this week, Bin Laden dead, America is in a great position!
WL we would love for this to not only be a historic week for America but also a historic week for MMTE.
I personally do not have experience with Lithium extraction; however, once again I will compare this to what I do know and the knowledge I have gained from the engineering field.
1) You do not want to use valuable land for non-valuable tasks (ie-use junk land for drying and lithium enriched land for extraction).
2) The extraction will consist of a slurry that will require a relatively large amount of time to dry.
3) Compare this to sanitary sewer treatment facilities - the cheapest (most economical) method of drying and sanitation is to have 'drying beds' for the materials, this takes HUGE amounts of space and is excellent if you have plenty of acreage. The treatment facility itself is small but the drying beds are huge due to the volume of materials coming through the treatment plant.
Using this comparison I would estimate the valuable land (ie lithium enriched or actual treatment facility) would be about 20-30 percent of the total package to do it appropriately and be able to take advantage of the sun.
Could not agree more! I know people claim to be in it for long but I sometimes wonder if that is what will really happen. If people believe in their own DD there should be no question.
I certainly agree - I believe we picked the right one for a stable company; however, I wish I could have experienced the runs of the others. Oh well - I certainly would not change my investment in MMTE.
I believe this is something worth reading for all of us:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62609456
I looked at mine and do not see it - could it be an advertisement? I really do not have an answer.
MikeSo - I completely agree with you. As is typical with life - you must take the negative with the positive but in this case the negativity can be ignored. I wish you a great weekend and we all look forward to what next week brings us!
If I were to guess the 10Q will be released on the 5th; however, the critical part will be what is stated in the 10Q rather than when it is received.
IMO we will see the 10Q when it is released and the rocket will lift off with no looking back. Depending on what is in the 10Q I think there may even be PR to go along with it.
I hope none of them pull the huge PnD that LEXG did - there is evidence to suggest that a few of them are developing real companies rather than just a PR campaign. I do not believe we have seen the end of story with LEXG - IMO there will be a lot discovered.
Everyone knew this was going to happen and I hope no one got burned on this one. It seems as if a lot of people bought in the $1 range or so and watched in amazement as it just kept going higher and higher.
There are several lithium plays out there and I know they are heating up - so the question is which one is next.
Very nice Volume:
29.35 million buy
7.28 million sell
If I am not mistaken this number was documented in testing reports of the Salars in the area - I believe this report was posted yesterday.
I'm just catching up on yesterday evenings posts:
I wish you and your family well and the people that were involved in this will be in my prayers.
Thank you DrozdDawg for all that you do on this board. Also - have you heard from our other friend in Alabama? Is she okay?
I couldn't agree more! Lithium is extremely hot right now - across the board. MMTE has not been a member of the huge percentage gains recently (not since 12/10 to 3/11), but I would rather our gains be based on factual information and not a false campaign.
Absolutely - I have no problem waiting until next Thurday for the quarterly. I expect there will be some in depth information on this and we will see what has transpired over the past few months. IMO this is a VERY crucial report and will either confirm or deny what has been stated in the PRs and what everyone has found through their digging.
If you're not happy with your investment you can always sell.
In regards to the information you are requesting - Kgem has essentially already answered this. Please refer to his posting for this information.
In regards to how many acres we are acquiring that has been answered previously as well.
If you are that interested I encourage you to read the postings on iHub. You will find a lot of information available from people that post; you can always do your own research and find out for yourself.
I call you on that one!
52 week hi/lo
0.07 - 10.15
When was LEXG at 0.0001?
I guess it could be - the firms I have worked for years ago were too large and I doubt they would have considered it; however, most of the projects I worked on were either government related or private developers.
I know of small engineering firms consisting of a few offices that would very likely accept shares provided there is documentation to backup the potential claims. I would highly doubt a large engineering firm would accept shares for payment.
I will compare this to what I know and that is Environmental and Geotechnical Engineering:
1) Geotechnical drilling (for foundation support of a building) is done by the buyer prior to purchasing the land. This is paid for by the buyer to a third party (ie Engineering firm).
2) Environmental analysis is more often than not done by the seller to document the property is clear to sell (ie gas stations must be properly closed and documented before they are sold).
Considering the PR stated the values would be 1000mg/l this indicates one of two things either there is documentation to already back this up OR it is grasping at straws. Based on everything I know I believe there is documented proof to back this up.
As of right now think of all the money people have made. I hope these people are smart enough to know when it is time. It has been a terrific ride for those that have been involved but I completely agree ~ 'isn't even worth .01'. You're right again - nobody cares, and it seems the more negative talk about it the higher it goes.
IMO you would be absolutely crazy to buy at these prices but many people will. I am very curious what will happen at the 10 level - I keep reading about this magic number. Will this turn the tables? Or will this continue to explode?
I have said several times that we should not be compared to that other lithiuim stock and that one day they will be looking up to us. This is the most in depth single source of information that I have run across and would like to share it:
http://www.citronresearch.com/index.php/2011/04/28/citron-reports-on-lithium-exploration-otcbblexg-a-nostalgic-piece-for-the-%E2%80%9Cold-lemon%E2%80%9D/
I really don't know anymore either! I agree with you and your opinion. Do what is best for you and your money but it will not distract the MMTE family!
As WL stated "...focused on building shareholder value over the long run and will continue to do so"
You are correct in saying MMTE will not match L*XG's current pps based on its current share structure. I agree without any arguments whatsoever.
Where I will disagree is based on percentages. I will also disagree on long term stability. It is a matter of time before the L*XG PR frenzy wears off and the pps plummets. I cannot say when but it will happen. L*XG currently has the reputation of the best PnD. Enjoy it while it lasts. L*XG exploded without any stability and as is the case with almost 99% of things that explode - it will fall flat fast!
In comparison - MMTE has its ups and downs, it has had it's manipulation plays, it has developed a good foundation. I believe MMTE is the lithium of the future whereas L*XG will be known for the largest PnD in history.
I realize that it is very common to compare MMTE to the other popular lithium stock; however, I would encourage you to read the sticky on that other stocks board. It highlights what I have been saying for a while!
Earlier today people mentioned they wanted more PRs but I do not believe that is a wise move at this point. We do not want the instability of a drastic upswing to be faced with the eventual fast fall. We do not want to be compared to what that other lithium stock has done (or should I say will do very soon).
In regards to today's PR there were several aspects that confirmed what the various research has found and it reinforced what we already knew.
1) we jumped from 1008 to 8645 acres
2) additional acquisitions across Chile and Argentina
3) The law firm is mentioned this time
4) Final transaction documents being completed
5) WL clearly states he is concerned about long's shares
6) 43-101 compliant lithium values of 1000mg/l
7) As Phrozt pointed out to me earlier - there was specific mention of the firm involved...not just generally named but a specific name!
So my summation of this is we are in a beautiful position! Things are moving along just as we thought and it was reinforced that WL cares about the actual investors in the company. Please note that I said "investors in the company" and not simply investors or shorters or flippers. Again this tells me that WL is intent on building a company and not another joke.
Can someone explain to me why LEXG has taken off the way it has? I understand the huge PRs campaign but I honestly do not understand how in the world this stock has exploded to this point.
From what I've read it seems as if there are others that have no idea but they are playing it until it plays out. It also sounds like many people on this board expect it to drop (myself included) but everytime I think it's going to drop it gains $2.
Come on now junebug - negatives only bring you down
I definitely understand though...and certainly agree that others need more faith. Of course I will also say that a lot of information is to be found by researching this company and can give many of those people relief if they just knew.