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Nice to see someone step up and clean up the overhang at 4.40 this morning. That should clean up the "blind trust" stock for a while imo. Barring a complete meltdown in natgas prices, there shouldn't be a whole lot of resistance this side of 7 in the next few weeks imho.
If anyone wants to see the long term potential here, just research BSKO.ob and tell me what you find...
Told one more "gun" about aurc. Bidding will start at .055 for now. (.005 higher than before). They (& me) are not going to step up big until financials and updates are made available to us.
Sorry. Nothing personal, just business.
It's a mistake. They transposed the header on the last two 10Q's. Read them both and it is clear. The previous 10Q says 214.9 million shs and NORD OIL. The latest 10Q says 337.8 million shares and Bio Tracking.
That's the pre-split shares of Bio-Tracking, not the post split shares of NDOL.
Previous 10Q:
STOCKHOLDERS' EQUITY:
Common stock, $.001 par value; authorized 500,000,000 shares;30,000,000 preferred issued
and outstanding 337,865,401 shares
Latest 10Q:
STOCKHOLDERS' EQUITY:
Common stock, $.001 par value; authorized 500,000,000 shares;30,000,000 preferred issued
and outstanding 214,913,401 shares
I can assure you that the o/s didn't balloon 120 mil shares without a filing to explain why.
Look at page F-6 of that same 10Q-SB:
""CHANGES IN SHARE CAPITAL
------------------------
At the time of this filing there are an estimated 214,913,920 shares outstanding
post the reverse stock split of 1 for 12 and the issuance of 180,000,000 shares
for the acquisition of Nord Oil (Russia).""
http://www.sec.gov/Archives/edgar/data/1073785/000114420406003579/v034369_10qsb.txt
2create: First and foremost is our honesty and integrity here. While I may only have 5% of my portfolio tied up here, there are others who have much more on the line here. It is not a game to them. It is our moral and fiduciary responsibility to them to keep it honest and open.
I well remember sweating bullets over my first few stock mkt purchases.
Because of the SEC filings Parkin has made on behalf of NDOL I have a good feeling about this here being on the up and up.
But still, Caveat Emptor, NEVER risk it all on one play unless you are 100% sure about it. (ala Warren Buffett with American Express way back when).
Vic
I found 316k more shs in the 10K, so only about 189k left to account for now.
""As of March 18, 1998, options to purchase 109,000 shares of Common
Stock remain outstanding under the Plan, of which no options have been exercised
and 91,000 shares remained available for grant thereunder.
(3) Includes warrants to purchase 162,500 shares of common stock.""
(4) Includes warrants to purchase 20,000 shares of Common Stock.
(5) Includes warrants to purchase 25,000 shares of common stock held by Gene
Schneider, General Partner of G. Schneider Holdings Co.
See pages 25 -27 of 10K:
http://www.sec.gov/Archives/edgar/data/1012627/0000950134-98-003013.txt
3.6 mln shs added to the o/s and the float. How many more "hidden" shares can we count on?
The shell that aurc took over via reverse merger was black rock golf (of killer bee driver/rocky thompson fame).
Their o/s at latest count was 3.1 million shares.
""Common Stock, $.001 Par Value -- 3,150,000 shares outstanding as of May 15, 1998
<PAGE> 2
Index
Black Rock Golf Corporation""
http://www.sec.gov/Archives/edgar/data/1012627/0000950134-98-004461.txt
That's a 500k share discrepancy. Not a lot, but enough to demand an explanation.
Thanks for your good work.
Vic
Wang, that is your opinion. I like the share count here. It gives us a handle on our imminent control of the float imo.
It may be your opinion that it is unreliable and unverifiable, but my experience with meeting fellow posters in the past lead me to believe that they are more honest and accurate than you may think.
Vic
Snave59, #1 label your post OT (Off Topic) before you post another pick here. #2 tell us about these wonder stocks BEFORE they have just moved up 500%.
TIA,
Vic
Here's something interesting.
From previous release:
"The proven reserves are comprised of 5.2 million ounces of gold, 30 million ounces of silver, 65,468 tons of tin, 336,965 tons of zinc, 79,203 tons of lead and 17,730 tons of copper."
From Bloomberg today:
"Zinc for delivery in three months on the LME rose as much as $20, or 0.8 percent, to $2,490 a metric ton, beating the previous all-time high reached on March 17 by $5. The contract traded at $2,480 a ton as of 10:33 a.m. local time."
I don't know what the mining costs for zinc are, but at current prices that would equate into $835 million in future gross revenues FROM ZINC ALONE.
I called 2 guys and they are going to monitor aurc on their streamers and check it out. Loaded for bear at .05 and below in the meantime.
Vic
Dodge ball.
When I was an MM did I naked short stocks?
Yes.
When in the heat of trading 20 different stocks and handling millions of shares of order flow, it was quite common to short against the order flow without giving a lot of thought to it.
But, and this is important to understand, the firm who is backing your action will approach you with a BUY-IN notice if shares cannot be found to cover your short.
They typically give you 1 to 2 weeks to cover or have a FORCED buy-in.
That's right, they go in the open market and buy in your uncovered short and charge it to your account.
It happened to me on numerous occasions. I ALWAYS bought it in myself to avoid getting crucified by them. Sometimes with a 1 day or same day (cash) settlement.
Bottom line...the naked shorts have to cover at some point. That I can guarantee you. No firm is going to risk scandal and BK by NOT covering at crunch time.
Thus the game of "dodge-ball".
Benz,
A handful of millionaires could take total control of this stock with "fun money".
I know guys with 10 to 20 mil laying around that committing a couple hundred k to a play like this would be chump change.
I haven't called any of them yet for fear that they would ruin my action. (Actually I called just one who I am indebted to for giving me PTSC at .10)...
I am reluctant to call them because while they would halt the decline, they would also stifle the bounce.
But long run we're looking 1.00+ so I may pull that trigger soon.
Casinos make their money on tight games because of the risk of ruin for the average Joe vs the casino's deep pockets. With a known o/s we CAN be the casino.
Something to think about.
Vic
It's real simple. Those of us that can afford it just keep bidding exponentially every 1/2 cent down.
ie: I bought 20k more at .065, 30k at .06, 40k at .055 and 7k out of 50k so far at .05
I will buy 100k at .04 and 200k at .03 and 300k at .02 and 500k at .015 and 1 mln at .01.
If just a handful of us do that the supply will be completely soaked up and it is inevitable that the pps will rocket at some point.
The trick is, once the rebound has started 1) buy more to round out your position 2) walk away and DON'T BE TEMPTED TO SELL TOO SOON.
You are taking BIG RISKS and should settle for nothing less than BIG REWARDS.
You'll know when it's ok to get a little seed money back when the volume EXPANDS BIG on the UPSIDE. Be discreet when that happens.
And it WILL HAPPEN. I've been doing this for over 25 years and I know how the game is played.
NEVER sell more than 1/4 of your holdings on a double and 1/3 on a triple. Unless you don't want get the full benefit of the value here. Ever heard of a day trader that made a hundred million? Me neither.
JMHO from experience.
Best of luck to all,
Vic
Homer, you tell me and we'll both know, lol.
I'm in dumb mode right now. That is, I put gtc buys in down to 3.50, and will relook after the next 10q.
Good luck,
Vic
Bought a whopping 500 today at 4.25 even though thousands traded there. It gets frustrating trading ob's and pk's for that reason vs listed.
Listed you can trade much narrower spreads vs unlisted.
That's why your profit expectations have to be higher in unlisted securities imo.
Still another 4 to 6 weeks to go in buying season, so no need to get upset yet.
Pick your buy points at a discount to fair value on an exponential basis and vice versa.
ie: I will buy 8k aspn between 4 and 4.50, 16k between 3.50 and 4 and 24k between 3 and 3.50. Mortgage the house below 3 lol!
Always reserve the right to adjust that based on oil/NG prices, group trend, hit wells vs P&A's etc...
All imho and do your own DD.
Vic
re: OT/OMOG
This is what the buzz is about:
http://www.omogoil.com/omog28.pdf
OMOG is trading record volume today. Resistance at .0064. If it breaks that clear sailing to .01 imho.
Here is the website. Click on investor information to see updates.
http://www.omogoil.com/
If we're lucky, panic selling will drive the pps to 3.50/3.75 range.
But in case it doesn't I'm ready to double up anywhere between 4 and 5 in the next 4 to 6 weeks.
Short term pain for long term gain.
Again, all imho and best of luck to you,
Vic
Is this board still alive?
Triple whammy of weak natgas prices, insider selling and calpine receivables.
1. Shoulder season has 4 to 6 more weeks to run it's course.
2. Insider selling is a blind trust spread out over 3 to 6 months. (and not really that much stock).
3. Calpine rec'd 2 bil in bridge financing and will pay their bills. (they have to or get cut-off).
A perfect storm for buying.
3 out of 4 good wells or 1 good big well and 7.50 will happen so fast you won't know what hit you. 9.00 is very real by yearend.
Hedges were below mkt last qtr and are above mkt this qtr..eps will stay strong and pe ridiculously low.
North American assets and production will trade at a significant premium to the rest of the world in the forseeable future. (safety factor).
I'm buyin' large here and lower. 2 more qtrs and I think I'll be happy but that's just me.
All imho and best of health and luck to all,
Vic
Look at the language carefully.
Previous acquisition:
"The new investments will be targeted specifically at the Priargunsky and the Salairskiy properties where combined proven reserves are over 3 million ounces of gold."
Now the newest acquisition:
"The estimated gold and silver reserves in the Klyon deposit potentially make it our single most prized asset yet with over 1.9 million ounces of gold..."
The key word here is "single". The other gold reserves are spread out over more properties.
With a concentration of high grade ore on a single property, the economics of developing that property makes sense. Then the cash flow thrown off from that one can be used to further develop the others.
I would expect something on the order of 50 million shares restricted for 2 years to be issued to the principals of Klyon.
Financing will be farm-in of working interest on future production + possible asset backed debt. But no further share issuance.
All imho,
Vic
To the board...........................
I've never been comfortable with other posters emailing each other with info that may or may not be relevant to my investment there. As such I try to avoid that practice myself.
Certain OT topics are of relevance here, case in point being NDOL.
If the moderator decides to delete OT posts because they are too numerous and distracting that is fine by me.
But when kept to a modest amount and backed up by fact and well reasoned logic, I welcome them.
If just an ego contest and name calling..yes, please delete them.
Above all, let's all share all that we know or logically think.
Thank you all,
Vic
It's no big secret that gold and silver have always been considered a proxy for currency if not the actual currency itself.
If the dollar starts taking a hit for political reasons, a lot of savvy u.s. investors will be looking to hedge their u.s. dollars.
"LONDON (MarketWatch) -- The central bank governor of the United Arab Emirates suggested the country may switch up to 10% of its $22.5 billion in currency reserves into euros, in a sign of fallout from Congress' hostility to the acquisition of some U.S. ports by a Dubai-based firm.
The comments from UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi didn't have a huge impact on the euro, which rose about 0.2% at $1.1925.
Though Al Suwaidi didn't link the forex move to Dubai Ports World's acquisition of Peninsular & Oriental Steam Navigation, the market interpreted the comments in that way.
"The talk has clarified just how damaging the rejection of Dubai Ports proposed takeover of U.S. ports from P&O could be. The failed Dubai Ports deal has further damaged the reputation of President Bush with his approval rate falling to historic levels," said currency analysts from BNP Paribas.
On Friday, trade talks between the U.S. and the UAE were postponed.
Dubai Ports World has decided to sell operations at some U.S. ports to a domestic "entity" in a bid to end a political firestorm, Senate Armed Services Committee Chairman John Warner said on the Senate floor Thursday afternoon. "
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B2986D561%2D727A%2D4C8D%2DA088%2D6857CFFABDB...
OT/Wes, I never signed up for PM's and I apologize for the public response.
I hope we can agree to disagree.
Like you, I have a pretty good pile of cash on the sidelines waiting to strike at the opportune time.
AURC is my #1 target right now to make that happen.
Just monitoring the xau and price/volume of aurc in the meantime to pick an optimum attack point.
I'm thinking that .30 is the next small barrier to cross and that .50 is the next major barrier to get over. That is with no news. With good news, I may raise those parameters.
All near term and all imho,
Best to you,
Vic
OT/WES/PTGC......................................
Wes,
I don't find the ptgc options granted that untoward. It is common for mgmt to grant options at the current pps and vesting in 1 year or more. Even if 3.5 mln at .50 get exercised, that is 1.75 mil more cash and working capital for ptgc.
The rest of the options require a pps of 1.25 or greater to be exercisable. The last tranche of 8.5 mln at 2 require a pps of 4.00 and gross profit of 15 mil to be exercisable.
If they get the pps up to 4 I'm a happy camper!!!
Below 1.25 they are mostly anti-dilutive.
Many companies just give away free shares of restricted stock to mgmt. Not here.
As an investor, there is no way that we get the same options as mgmt. We are not running the day to day affairs of the co. to deserve the vested interest and performance incentives.
This has been a tough couple of weeks in the markets for energy, precious metals, and small cap stocks in general. Nerves are frazzled.
Usually a good buy indicator.
All imho and best of luck to you,
Vic
Yes, nice close for AURC today above the lows. Seller exhaustion is imminent and the next upleg about to begin imho.
BTW that was PTGC options I was referring to in my last post as a reply to Wes. Sorry for any confusion.
Wes,
Those are incentive stock options that don't vest for 1 year. The vast majority of them exercise at 1.00 to 2.00.
Of immediate concern is 3.8 mln wts @ .45 that expire 3/31/06.
PPS will pop then imho.
Picked up another 30k today at .095. Since .09/.10 is a support area my next buys will be in the .05 to .07 range if...
My low sells are 5k at .195 & .245 and 10k at .295. Just small enough to help feed the fire on the next upswing without stepping on it.
Good luck to all,
Vic
What I expect in the next 2 years.
1. JV's and asset based financing. Possible new business combinations in Russia.
2. As a fully reporting company, a move to the OTC Bulletin Board.
3. After profits/stockholder equity and mkt cap thresholds are met, a move to the NASD Small Cap mkt. That will be after the pps is above 1.00.
4. Get bought out.
For those that are still confused by the current share structure, this from latest SEC filing:
"CHANGES IN SHARE CAPITAL
------------------------
At the time of this filing there are an estimated 214,913,920 shares outstanding
post the reverse stock split of 1 for 12 and the issuance of 180,000,000 shares
for the acquisition of Nord Oil (Russia)."
That was then, this is now.
Last 10Q that Amyot signed off on:
"CAPITAL NEEDS
We anticipates that we will be required to raise additional funds to provide for
the current plan of growth and existing operations through June 30, 2005. The
principal source of capital has been equity financing from investors and
founders. Meeting the future financing requirements is dependent on access to
equity capital markets. We may not be able to raise additional equity when
required or may have to borrow on terms that may be dilutive to existing
shareholders."
http://www.sec.gov/Archives/edgar/data/1073785/000114420405037822/v030536_10qsb.txt
From the latest 10Q that the new owners signed off on:
CAPITAL NEEDS
-------------
We do not anticipates that we will be required to raise additional capital since
current cash flow is sufficient to meet ongoing business operation."
http://www.sec.gov/Archives/edgar/data/1073785/000114420406003579/v034369_10qsb.txt
To those that are afraid of a scam. Would you risk going to prison by signing a false sar-box statement?
Exhibit 32.2
------------
Certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2001.
--------------------------------
In connection with the Quarterly Report of NORD OIL INTERNATIONAL, INC.(the
"Company") on Form 10-QSB for the quarter ended September 30, 2005, as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
I, Gerald Parkin, Chief Accounting Officer of the Company, certify, pursuant to
18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2001, that:
The Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934; and
The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
Dated: February 1, 2006.
/s/ Gerald Parkin
-------------------------------
Gerald Parkin
Chief Accounting Officer
http://www.sec.gov/Archives/edgar/data/1073785/000114420406003579/v034369_ex32-2.txt
http://www.sec.gov/Archives/edgar/data/1073785/000114420406003579/v034369_10qsb.txt
I agree with you, but didn't want to sound like a pumping maniac for now.
Just trying to keep it real to newbies. Like GOOG, we can keep raising our targets as time goes by.
I'm strictly a buyer and won't even consider selling anything until we a have big runup on HEAVY volume.
I don't care if we go to a buck. If the volume is not there I will sell nothing. Be very discreet with your selling.
Ie: bid for 20k for every 5k that you sell, and keep the upside pressure intense until we reach fair value of 1.00 minimum, but more likely 2.00+.
My total included 2 associates and my kids acct. It's probably closer to 1.6 mil and we are all looking to add.
It's not like anybody is tying up major bucks here. Even Wes since he bought a lot under .03 is probably not tying up much more than 200k.
I'm not done buying. Will let you know later. U can put me down for 1 mil minimum in the meantime....
I second that.
When news of financing hits the questions will be:
1. what are the terms (dilutive or not)
2. who are the lenders? Quality names or someone we never heard of.
3. How much? A couple mil we're still small time. 10 mil plus, now we're talking.
If we get quality names doing big bucks financing at favorable terms the pps will fly up so fast you won't know what hit you.
In the meantime buy buy buy before the bargain ends.
All imho,
Vic
Bought 75K so far this week avg .147. Looking to buy 200k at .12 to .095.(possible) 500k at .06 (unlikely) and 1mln at .03 Very unlikely).
Willing to lose 50k to make 500k +... 50k won't wreck my lifestyle but 500k+ would enhance it.
Please find your own comfort level and stick to it.
All imho and good luck to all,
Vic
2create, I based my 1.50 target on 33 mln bbls p1 + p2 resvs + cash flow from current ops - downsiding the Rus tax rate that may effectively make the realized $ per bbl $30.
If legit, 1.50 should be a no brainer in the next 12 months imho.
GL to you,
Vic