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Here's their website. Read on.
http://www.epic.com/
How is publicly announcing an offer from a multi-national billion dollar medical software company a pump? Are you claiming $2 million dollars up front with ongoing royalties is superfluous? For an initial contract, I think any sane person would arduously disagree with you. The acceptance of this offer by Micro would mean immediate revenue flow and legitimacy.
The offer Micro has received from EPIC is an extremely impressive opportunity to place equipment in hundreds of hospitals.
Epic has had contracts with Philips, the corporate giant from the Netherlands. They still retain much of Philips workforce and contracts. They currently have Reliant Medical, (formerly the Fallon Clinic), the University of Michigan Health System, Mediware (yes a competitor) and Kaiser Permanente.
Kaiser Permanente, is a $40+ billion dollar company with almost 200,000 employees including 15,000 doctors. They provide health plans and own 36 hospitals on the west coast. The savings KP would realize by converting thousands of petri dishes to software would be astounding.
The offer from Epic is a legitimate and considerable offer, not the "pump" you spuriously claim. You really should do some reading on who is involved here.
Nice post BBalls. We have product and management with long term goals and plans. We're undervalued thanks to the here today, gone this afternoon group, why invite them back?
It would be nice to see them pissing and moaning when we hit .10. That there would be fall down laughing funny.
We're getting some decent volume at the ask and whoever is selling at bid could get out with hundreds of dollars more. The fool is so impatient they are giving away money. I hope when they finish selling they move one to another stock.
We have an impatient and aggressive bid whacker that will have finish up selling before we move up. Least favorite type of trader by far.
Very strong bid support today. We're getting rid of some flippers who keep hitting he bid and it's staying strong.
15:02:15 0.048 116000
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15:02:05 0.0481 50000
14:59:52 0.049 5000
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14:49:27 0.0481 43000
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14:47:41 0.048 39000
14:43:19 0.048 10000
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14:10:24 0.0476 95000
14:08:27 0.047 4255
14:03:01 0.0475 187970
That is an amazing video! Who'd a thunk iron could provide the most dynamic explosion in the universe. Plutonium and uranium are punks!
Dozens of analysts think gold is going up and you side with ONE that thinks it will drop. As usual, your posts are very imbalanced. Jeff Macke, the same guy that interviewed your doomsday guy has had four or five interviews for gold analysts and they all said gold would trend up or at the least remain level. One interview, Peter Schiff, talked about using gold as currency.
http://dailybail.com/home/video-peter-schiff-with-jeff-macke-gold-is-real-money-everyt.html
Central banks from various countries are still overall buying gold. Please note that they have increased the amount they expect to be purchased in the last link.
http://gata.org/node/10504
http://www.foxbusiness.com/markets/2011/09/15/gfms-2011-net-central-bank-purchases-forecast-to-total-336-tons/
http://www.moneycontrol.com/news/wire-news/gfms-ups-2011-central-bank-gold-buys-to-500-t_597841.html
The two largest countries for personal gold holdings are China and India. They have increased their use of the metal:
http://www.atimes.com/atimes/south_asia/mj06df01.html
Looks like the buy high, sell low crowd is running out of shares. Here's to you having perfect timing for a nice run!
Are you aware that when they reported the amount of gold extracted in August, they used mostly "mudflow", which contained only .1 grams per ton. Did you know it was for a couple of weeks?
I realize you want the share price lower so your re-entry will buy more shares but try to be even slightly realistic.
July Production
Production at BRCM since July 13th has totaled approximately 9,600 tons or about 6,500 yards of gravels. The processed gravels comprised the entire remaining stockpile at the BRCM as of June 30th. Included in the stockpile were mostly those gravels which the Company has identified as 'mudflow' as well as a limited amount of gravels that the Company considers normal 'pay' gravels (gravels that the Company has identified as its main resource). From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3. The grade of gold within the pay gravels of the stockpile were between 0.3 and 0.4 g/yd3. Due to the commingling of the gravels over time (the stockpile was mined in 2007) an exact number for the pay gravels was more difficult to determine. The stockpile was mined mostly from the mudflow section (the mudflow being discovered by the Company through a seismic study on the drainage area) as part of a previous plan by the Company to test the gold grade of the mudflow, as this area was not previously mentioned in the historical reports describing the claims and leases of the Company. As a result of now processing a section of the mudflow and its apparent lower gold grade, the Company has decided to not currently mine any more of the mudflow material but to focus on its' previously identified pay gravels for the remainder of 2011. Depending on the world spot price of gold, the Company may return to new areas of the mudflow in the future. The mudflow is located underneath the pay gravels in the deposit and is relatively easy to bypass when mining.
It is a very nice article and thanks to Twotone for posting it. It is also from 2007 so things have changed extensively from the time it was published.
Thanks ginchinchili, despite the very small move in price, this is good news. I think many were expecting something like this in August so this is behind schedule but still potentially very good news.
Will that be full production operations or just research and development? I would guess the later. Thanks for any info you have ginch.
Zhongshan Huayi appears to have been in business since 1896, they have a history and a track record.
http://huayilighting.en.alibaba.com/aboutus.html
For what it's worth, here's a blurb from their webpage:
"Our products are being distributed to the Middle East, Europe, America and Southeast Asia. We also have great success in lighting projects whereas Tiananmen Square and China Center of Rolls-Royce have adopted our products.
All the competitive advantages above have made our group a leader in the Chinese lighting industry. Clients worldwide are warmly welcomed to contact us for business negotiation. We look forward to hearing from you in the near future."
Nice ginch, thanks for the info! Unfortunately for many employees, they will lose jobs. It's great for we shareholders as our monthly operating costs will dramatically decrease.
There are several very nice pluses for shareholders IMO.
It appears that Bill Hamlin is better suited to be CEO than his predecessors. He understands the stresses on American wallets and the need to be more competitive even with a "specialty" product.
The cost savings are obvious.
We can probably attack the LED segment as a "value" bulb if the costs are low enough. Marketing just became very doable.
We're an underfunded start-up and this will significantly decrease the time it takes to refab a product that needs a tweak.
We now have unlimited production capability when compared to our own fabrication limits.
They can scale up production much more rapidly taking away marketing limitations.
If the right firm is employed, bulb quality should not be an issue.
With several large contracts, we're cash flow positive.
We may have just become a real company.
Thanks for the article. There are several others on the same subject if one does a search. It makes sense that the U.S. and Europe want their currencies as the de facto world standard.
What pumps are you referring too?
Have they paid an outside firm to pump this?
Has there been share dumps after PR's?
Do they have a PR firm giving hyped up information?
OR
Is this company legit, with a real mine and real workers and real production?
I would like to debate your selection and use of the term "Pump" if you would like to participate.
"Facts" are what is important, far more important than opinions. If someone "knows" something, can't they state to someone else they are wrong.
Fact, for years, they had problems with having enough water to process so they took the advice of a shareholder and tested geo-tubes to recycle their limited water resource. Now, because they had an open mind and were looking for a solution they are mining.
Fact, they had years of un-filed 10Q's and 10K's. They said they would get a new accountant and get them completed and they did.
Fact, they had massive debts from 2006 and they said they would restructure and pay them off and then did so.
Fact, they had lawsuits from 2006 when they didn't pay for equipment they couldn't use. They settled the lawsuits.
Fact, they said they would keep looking for mining properties and they negotiated for rights on the B&B claims.
Fact, they said they would sell another Property, Pilot Mountain's tungsten/silver property. They then sold the property and now have funds for working the NRG mine.
Fact, due to the small size of placer gold in the NRG area, they said they would purchase a new concentrator and Knelson Bowl to recover a higher percentage of gold. They then purchased and put them into use.
Fact, they said they would apply for additional geo-tubes with the NDEC and they did. The NDEC approved the request. They stated via PR several weeks back they had purchased the tubes. Soon you will see a PR stating they have them on site and operating.
Fact, several board members have visited the site and have seen exactly what Management has describe in person. It's not an opinion, it is real. All this has happened in the past year. It is not as you described "just another pinkie", these guys get things done.
Perception on your part isn't reality IMO. Reality is this company is a producer. They just do what they say they'll do. The management team lists items to accomplish in PR's and then does them. Yet you say they aren't "focused on business".
Why don't you show the board how they aren't, as you say, focused?
What have they placed in a Press Releases to perform that they haven't performed? They do exactly as they promise
This company isn't going to play with the "big boys", its a small operation that will make the impatient frustrated and the patient money IMO.
We're in a bad economy and the baby is getting thrown out with the bathwater.
Quote: "Now they're immediately back to looking like a typical guilty until proven innocent pinky."
Nonsense. This company is the real deal. They own mines and mine rights. They have a processing facility. They have personnel on site. They're moving earth and gleaning gold. They've gone from prospecting to producing despite setbacks such as water restrictions.
Why don't you read the all the guidance PR's from the last year and try to find one "to do" item that hasn't been performed by management. These guys are getting things done.
You can try to lump this company in with the majority of penny losers but you're dead wrong.
Ref: Why do you think they announced such a small buy back?You've got it. That small of a buyback isn't going to change the PPS by any appreciable amount. It's we're processing gold and we have some funds to spend.
As someone mentioned several days back, the repurchased shares could be used to pay the convertible notes due later in 2013. (edited) If the price is over .05, they have saved money and slowed dilution.
Nice suggestion IMO. It's Lowjack's call as he is the head tuna. If he approves, I suggest the board work the next couple of days in creating the list and doing so.
Long time posters know exactly what you wrote. However, suppose a prospective investor drops by after one of those "POS" rants and doesn't give PCFG a second look because of misinformation. IMO they deserve to see both sides of the story.
You are wrong once again. PCFG's PPS is simply mirroring the market and spot gold prices, both of which are down. It is very common in a down market for some to sell and those with cash to hold on to it. This isn't exactly a high volume day or sell-off as you imply.
You refer to PCFG as a POS, yet the management team has cash, they are presently producing gold, are placing additional geo-tubes and ramping up production. They have brought all the old 10-Q&Ks up to date, they bought the rights to 2000 acres of new gold bearing property next to NRG, they've sold off a tungsten project to bring in additional funds for growth and they have provided via PR a vision of where they are headed.
There are plenty of lousy stocks in over 7000 penny stock market, this just doesn't happen to be one of them. Some here have seen the gold production plant in operation, it's real. The accuracy of some of your posts, not so much.
Yup, 1/4 of a million shares "nibbled" out of the huge ask @ .037 today. It is now down under 400k and shrinking.
Lack of capital? Preposterous. You're probably not aware but they're doing a share buyback of up to 5 millions shares and that takes capital. They're processing gold and that provides capital.
The option on Pilot Mountain was exercised and they have $400K cash from the down payment.
They just bought a bunch of new geo-tubes, that takes capital.
They brought all the past due financials to current status and that took capital.
Please stop fabricating and posting such erroneous information.
UBS Lowers Gold, Silver Forecast To Reflect Recent Drop
By Alex MacDonald
Published October 03, 2011
| Dow Jones Newswires
Print Email Share Comments
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--UBS cuts 1-month and 3-month gold and silver prices to reflect downward price move
--Says gold has the potential to rally on short covering as Comex gold net positions grow
--A potential catalyst for gold is the European Central Bank decision on Thursday
(Adds gold and silver price in paragraph 3, Comex long and short positions in paragraphs 7-8.)
LONDON -(Dow Jones)- Investment bank UBS AG (UBS) Monday lowered its spot gold and silver forecasts to reflect a recent drop in both precious metal prices, but said the potential for a gold price rise remains strong.
UBS lowered its 1-month average spot gold price by 9% to $1,775/oz and its 3-month average spot gold price by 7.1% to $1,950 a troy ounce. It also lowered its 1-month average spot silver price 30.4% to $32/oz and its 3-month average spot silver price 30% to $35/oz.
At 0844 GMT, spot gold was trading up 1.5% at $1,655.35/oz while spot silver was up 2.4% at 30.757/oz.
"Our core bullish view on gold remains unchanged and the light nature of [speculative] positioning is a big positive, but our previous one-and three-month [prices]...are overly ambitious given the recent slowdown in market momentum," UBS said.
It also noted that it sees the gold/silver ratio strengthening in the months ahead as gold outperforms.
"The 'clean' nature of current spec positions, along with physical and long-term demand, is creating a very healthy foundation for gold to climb from," UBS said. "We expect physical demand to be quite decent in the coming days, barring China where markets are closed for the week, but buyers there should return with vigor after the holidays."
The bank said that net long positions on Comex gold dropped 5.2 million ounces to 19.98 million ounces, according to the latest weekly Commitment of Traders Report. This marks the lowest net long position since July 2009 and the largest weekly percentage drop in the net long position since August 2008, according to UBS.
Conversely, the number of short positions on Comex grew 12% mainly in the non-commercial category, thus raising the potential for a short-covering rally if upcoming data releases and events are positive for gold, the bank said.
UBS said Thursday's European Central Bank's interest rate decision will be the next closely watched event. The bank expects the ECB to cut its interest rate by 50 basis points.
Copyright © 2011 Dow Jones Newswires
Read more: http://www.foxbusiness.com/industries/2011/10/03/ubs-lowers-gold-silver-forecast-to-reflect-recent-drop/#ixzz1Zjl1tIUx
Solid, rational well thought out post, thank you. Management has a huge impetus to make intelligent decisions that will impact them far more than most here. You provided financial number to prove your point.
Today seems to be a rinse and repeat of the last several weeks. Buys are the only large transactions and the sells are all small. Patient longer range large buyers and nervous short term sellers. Psychologically, the market is always interesting:
Time Price Volume Exchange
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10:32:43 0.037 350000 OTO
10:26:11 0.0369 302550 OTO
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09:31:52 0.0358 25000 OTO
You're not off base. Management had no way of going forward with ore processing until the geo-tubes were recommended by a poster. And the rest, as they say, is history.
It may be new technology but the above experience shows of managements willingness to listen. They are obviously very interested in gleaning every micro gram from the ores. This year, they added the Hy-G and Knelson bowls to NRG. Maybe adding your process is next.
Knowledge is power, hand them some power.
You should forward the article to Mitch and the guys. 100% recovery is pretty amazing and like our current process, sounds very environmentally friendly.
I like him also and agree with everything he said.
The patient PCFG folks will be rewarded, IMO. New article today on where gold is headed.
Gold to Move 'Above $2,000 in Coming Months': UBS
On Thursday September 29, 2011, 10:07 am EDT
Gold's recent sell-off belies its long term attractiveness and investors should avoid the panic and stay faithful to the precious metal, Dominic Schnider, Commodities expert at UBS Wealth Management told CNBC Thursday.
"The structural problems still remain and Greece is really going to call for higher prices and higher demand.
So we are looking at $2,000 and above in some of the months to come," Schnider said.
He dismissed notions that the gold bubble was close to bursting but cautioned that investors should expect more falls in the short term.
"In the short term you might see some further downside in the price but the demand side is still there," he said.
Gold has lost much of its sheen in recent days as part of a wider metals sell off and the strength of the US dollar in the face of stock market volatility over wider macro-economic woes.
An arrest in the rise of the metal saw a number of commentators claiming that the gold sell-off could see the price of the precious metal plummet to below the $1,500 level.
Marc Faber, author of the Gloom Boom, and Doom Report, told CNBC earlier this week that he would not be surprised if a 40 percent price correction occurred, causing gold to bottom out at $1,100 to $1,200.
Schnider added that gold would remain a safe haven because market volatility was so sharp but an increased desire by investors for liquidity could hamper its revival to the upside.
"If there is a liquidity crunch then even gold is going to have difficulty holding off and then cash is king. Gold is being driven weaker because of investors' desire for more liquidity," Schnider said.
Hampering another rally in gold prices is the strength of the dollar trade, but Schnider said demand for the dollar would be short term.
"It's all about the fear trade and risk aversion is shooting up and gold should be supportive on the one hand but if you seek liquidity it's all about the U.S. dollar. The dollar strength is just short term because the structural story remains unpleasant," Schneider said.
http://finance.yahoo.com/news/Gold-to-Move-Above-2000-in-cnbc-1815403659.html;_ylt=AppoRSaL5pCdq8Jvvi3bniO7YWsA;_ylu=X3oDMTE1bGl0ODY2BHBvcwM1BHNlYwN0b3BTdG9yaWVzBHNsawNnb2xkdG9tb3ZlYWI-?x=0&sec=topStories&pos=2&asset=&ccode=
I like your thinking ScotiaNostra. Management just might be doing exactly as you suggest, buying shares at .035 then selling at the higher levels and cutting their costs in half. Of course, they could get the stock price into the teens and really cut costs.
Interesting story, thanks for posting it. The SEC won't allow PCFG to accumulate without pre-announcing their intentions. It is almost as if the Gubment is trying to protect hedge funds here as they also won't allow unaffiliated entities to accumulate over 5% ownership without a 13-D filing. It is all pre-disclosed in the good ole' USA.
Its over 200 miles away. We talked quite a bit about the possibility of processing Fernley ores at NRG and didn't think it feasible. I doubt they would transport material that far. We saw ore trucks on the Crescent Valley highway every 5 minutes or so. We saw none on I-80 during the day.
I didn't say Fernley wasn't doable, I said it was very different terrain and would probably have water issues. Directly south of the Fernley mine area, there were entire mountain tops missing from mining operations. Those mountains were there a little over a year ago. The area is a mass of mines and operations. I think water will be more of an issue at Fernley than with NRG. I could be very wrong and a geo-tube farm may once again allow for the same water processing system.
One other quibble. You don't like the expenditure of $200K on the share buyback and would rather buy equipment.
I don't know what is best without knowing all facts upon which Management based their decision. I would rather have the B&B property assayed and valued before buying more equipment. That would reveal the true nature of the length and value of the mining process in the Crescent Valley. The amount of gold available would determine how much money and effort to put into NRG.
It might look flat but it isn't. Exiting off I-80 at Wadsworth, Nevada, we drove 5 miles north east up a steep roads and still had climbing to get the the mine area. It's like Zane Grey would describe as a "hanging valley". Crescent Valley had ranches, vast acreages of trees, high grasses in areas and a lovely creek exiting at the north end. The Fernley mine is in an area that is rocky, sterile, very dry and at an elevation that would make drilling for wells difficult IMO. Their choice to go with NRG first was a great choice IMO.