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Man, I wish I had the funds to invest in 80k shares at the ask like that.. whoever got that is going to be very, very happy when this merger goes through..
It must. I can't imagine it dropping much more, and NEM doesn't like to trade sideways.
Positive PR isn't helping though. This came out almost 2 hours before the market opened today, and we are red again.. I cannot explain it for the life of me.
Newmont Mining to Double Capital Expenditure in 2011, an IndustrialInfo News Alert
Feb 25, 2011 07:50:21 (ET)
SUGAR LAND, TX, Feb 25, 2011 (MARKETWIRE via COMTEX) -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Newmont Mining Corporation (NEM, Trade ) (Greenwood Village, Colorado) yesterday reported earnings and performance results for the company's 2010 fiscal year. Newmont reported net income of $2.3 billion for the year, up 76% from $1.3 billion in 2009. While Newmont's consolidated capital expenditures in 2010 were $1.4 billion, the company plans to ramp this up to consolidated capex of $2.7 billion and $3 billion in 2011.
Details of more than $4.1 billion in Newmont projects are available in Industrial Info's North American and International Metals & Minerals Database.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=174222 , or browse other breaking industrial news stories at www.industrialinfo.com .
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle(TM), provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com . Follow us on: Facebook - Twitter - LinkedIn - Vimeo
SOURCE: Industrial Info Resources
We were on pace to break through that resistance at $60 and now we are back where we were at the beginning of Feb.
Still have my target at previous highs of $65.
PCFG 2 month 60 min candlesticks - annotated
As long as uncertainty looms here, the resistance will win over the support. Some folks seem to have lost their faith in early Feb as far as what the future holds for PCFG, and a ton of shares were dumped. Another similar dump could put PCFG well below the .02 mark. If PCFG can come current with financials and get uplsited to OTC, this chart will be insignificant. If they continue to dawdle, and do not uplist before end of Q1, we could easily see more selling and lower lows.
I, for one, hope they uplist ASAP!
This is ALL MY OPINION. Please, take responsibility for your own trading decicions.
I thought I articulated my thoughts in a simple and concise manner, but I should know better than to expect SAEI investors to understand simple and concise thoughts.
Good luck to you and your unbelievably risky and unappealing invesment.
The more I look at the techincals here, the more I like it. Would love to learn more about the fundamentals. Thanks for turning me on to AMRN.
AMRN 8.12
Looks like consolidation is coming to an end, MACD and TRIX are levelling out. RSI and Wm% were overbought a month ago, and now are oversold, but the PPS remains the same. OBV shows that buyers since the last run are still holding. As BB tighten up, watch for volume and it should run quite a bit.
AMRN 6 month daily candlesticks
Chart looks great, consolidation almost over with MACD and TRIX back towards 0. RSI and Wm% were both overbought 2 months ago, now are oversold, and PPS is relatively the same. Looks like it is gearing up for the next leg. OBV shows Dec buyers are still holding. BB's are also getting very tight, on watch for volume increase.
Thank you, your insight is much appreciated. I'm thinking of adding to my position here. I still believe this can hit recent highs of $65 in the next month or two.
I guess, looks like NEM is getting hit harder than most. Seems that they are getting both really positive numbers and facing a lot of issues at the same time. I dunno why the PPS is getting hit so hard though, gotta believe it will bounce back in the next few trading sessions.
From http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201102241220dowjonesdjonline000520&title=update-newmont-mining-4q-net-jumps-46-as-gold-prices-soar
"Gold production attributable to Newmont fell to 1.4 million ounces from 1.5 million while costs applicable to sales jumped to $512 an ounce from $406.
That took the year's average costs to $485 an ounce from $411 in 2009 because of lower production from South America, high-cost production at its Boddington mine in Australia and higher diesel, royalty and waste costs. For the year, Newmont increased its production to 5.4 million ounces from 5.2 million the prior year.
Newmont expects gold production this year to be 5.1 million to 5.3 million ounces, lower than last year because of lower production at its Batu Hijau mine in Indonesia.
Shares were recently down 4.8% at $56.26.
Newmont posted a profit of $812 million, or $1.61 a share, up from $558 million, or $1.13 a share, a year earlier. Sales edged up 1.2% to $2.55 billion for the quarter, boosting yearly revenue 24% to a record $9.5 billion."
I wouldn't bother them, they won't tell you anything and bugging them would just cause a nuisance.
Can anybody help me understand why NEM is down over 7% today? Q4 earnings were announced today and beat analyst estimates and gold is on the rise, yet volume is through the roof and we are down over $4/share. Absolutely blows my mind.
It was looking like we were going to blow past $60, and now we are back where we were at the beginning of the month.
I am getting absolutely crushed here today. We have to bounce back from this either tomorrow or next week.
I really can't understand why the PPS is reacting like this, from what I can see the news on NEM today is all good. Anybody with any insight here?
Also, you are only UP if you sell for a gain. I would not be happy that the stock is green on the day with 29k shares traded. Volume is gone. GLTY.
Absolutely LOVE it! Thank you very much for the alert, I'm at at .058!
LOL, have you read any posts on the SAEI board by the moderators? I guarantee you they hold no shares of this POS.
Someone said it best here earlier this week. Compare SAEI to a building completely on fire. There's a large group of people standing around it, helplessly watching it burn to the ground. For some reason or another, every once and awhile, someone tries to run into this burning building. Anyone watching can clearly see this is suicide, nonetheless we do see people running inside screaming how amazing it is in the building and how we all should join them. The moderators are the people who jump on top of that person and try to beat some sense into them before their eventual and inevitable demise. Unfortunately, some refuse to listen and run inside anyways, despite the best efforts of the moderators.
Bottom line with SAEI, there are literally thousands of stocks gaining every single day. The chances of you seeing a ROI on a purchase of SAEI stock is miniscule compared to other investments. Why anybody would want to buy stock in a company under investigation of the SEC is beyond me, but I'm sure there will be bagholders claiming that posts like mine are all the reason to buy this stock. If someone says something negative then that means there must be something huge brewing, right? Wake up, SAEI is getting the nails pounded into the coffin.
Great post fox. Your fundamental knowledge of PCFG is unrivaled, and your ability to consistently post clear, consise and thoughtful information, and opinions, is commendable.
IMO, PCFG clearly has a lot of long term plans. They are obviously not in a rush to release their financials, and they do not seem to care one way or the other what that does to shareholder confidence or the PPS in general.
The reason I say they obviously have long term plans is the fact that we don't see any dilution. If the financials were really that bad, they could easily dilute a little to make them look better before releasing them. Likewise, if they wanted to make a quick buck they could have easily been diluting for the last few months. We don't see anything of the sort, which is why I'm comfortable holding my .05's for as long as I need to see a ROI, which I am conviced will be happening at some point. Also, I'm with you insofar as there is no point in me buying or selling until the next stage begins to materialize.
PCFG Annotated 6 Month Daily Candlesticks
Stalemate between bulls and bears at .021 range. Sellers will not sell for less, buyers will not buy for more. Don't expect any drastic movement from this level without any kind of news. Look for the downtrend resistance to hold stronger than the horizontal support if there are no developments in the next few weeks.
The next step for PCFG is to release the financials and uplist to the OTCBB. Hopefully, there will not be a ton of debt and this action will cause lots of new traders to start investing here. Worst case scenario, the company dilutes the stock before releasing the financials to reduce their debt, or they release the numbers and the amount of debt is staggering, scaring away any new would-be investors.
THIS IS ALL MY VERY HUMBLE OPINION. Any questions or comments are welcomed. Please take responsibility for your own trading decisions.
Why hold? Good question. I am entirely unfamiliar with the fundamentals of this stock. However, as far as the techincals go, this level is holding very well for support. It will be a slow process to walk the PPS down from these levels. Additionally, there is a greater chance of a spike in PPS before seeing any type of dramatic losses from these levels. If you bought in around these levels, you can hold out waiting for a PPS spike to sell green, or if you feel your money will make you more money in other positions, take your loss and invest elsewhere.
ALL IMO. GLTY.
We need news on the reverse merger, who LOCN is merging with. An 8k will then be filed and released within days after the announcement.
It can come at anytime, minutes from now or weeks or months from now. There is no timeframe on when this news is expected. However, someone is paying to keep the filings current. This is not free, nor is it cheap. The only reasons to do this are to make the shell more attractive to potential merger candidates interested in a reverse merger in the short term, or because the merger is underway and they are preparing to announce it.
IMHO, they already know who they are merging with. It will take a good amount of time to prepare all of the paperwork, and announcing the merger is the very last step. I believe the risk at entering at these levels is small, there is strong support at this range, and the greatest risk investing here is opportunity cost, as there is no way to tell how long it will be before the merger is announced.
Lol, with such low volume it matters not. Just goes to show how easily this stock moves.
Just relax and ignore the intraday swings. When this shell merges it will be a huge payoff for anybody who was patient enough to see it through.
NEM broke down on me, couldn't sustain buying pressure, traders cashing out before the long weekend IMO.
Still positive trend and I believe we will break through 60 on Tuesday.
LOL, good luck with that.
Still waiting on uplisting here. They really need to get this done before Q2. I would be very surprised if they go into the month of April without becoming current on their financials.
Nets, Nuggets reach agreement; now it's up to Carmelo Anthony to say yes
Friday, February 18, 2011
Last updated: Friday February 18, 2011, 12:27 PM
BY AL IANNAZZONE
The Record
STAFF WRITER
After nearly six months of pursuing Carmelo Anthony, countless phone calls, text messages, trade proposals, counteroffers and acrimonious times the Nets are close to landing the four-time All-Star small forward – finally.
RECORD FILE PHOTO/CHRIS PEDOTA
It's all up to Carmelo Anthony now. The Nets and Nuggets have reached a tentative agreement on a deal involving Anthony, multiple NBA sources told The Record. The deal is pending Anthony agreeing to sign a three-year, $65 million contract extension.
If Anthony says yes, the Nets will get Anthony, Chauncey Billups, Sheldon Williams, Melvin Ely and Renaldo Balkman from the Nuggets. In turn, the Nets will send Devin Harris, Derrick Favors, Troy Murphy, Ben Uzoh and four first-round picks to Denver.
The Nets won’t do the trade unless Anthony agrees to the extension. They’re expected to meet with him during this All-Star Weekend in Los Angeles to try and convince him to join them.
Nets owner Mikhail Prokhorov, general manager Billy King, CEO Brett Yormark and part-owner Jay-Z are in Los Angeles and likely will meet with Anthony to try and sell him on the future of the franchise and the move to Brooklyn.
If Anthony rejects the Nets, the Knicks are expected to be the frontrunners to land him. The Nets then would pursue other deals, including one that would send Harris to Portland for Andre Miller, but would involve other players.
This agreement is tentative because some things still need to be worked out. One would be where Murphy and his expiring contract end up. The Nuggets want to trade him, perhaps to Cleveland, and may need a draft pick or two to entice teams to take Murphy, who has hardly played this season.
That’s one of the reasons the Nets are including four first-round picks to get Anthony. It’s the Nets' pick this year as well as the Lakers', which is protected 1-through-18, and Houston’s and Golden State’s next year. Both have varying degrees of protection so there is no guarantee the Nets would have used them next year either.
The Nets basically acquired these picks to put themselves in position to acquire a player of Anthony’s magnitude if he became available.
But the biggest thing this is contingent upon is Anthony agreeing to play in Newark for a little less than a season and a half – or less if there is a lockout next season. Anthony’s first choice is to play for New York, but the Nets will be in Brooklyn beginning the 2012-13 season. Anthony is from Brooklyn.
When they meet with him, the Nets likely will pitch him on their global reach with Prokhorov’s influence, and the fact they’re building a franchise around Anthony in his hometown.
Last month, Prokhorov pulled the Nets out of talks for Anthony when they were close to reaching an agreement on a three-team trade that included the Pistons. On Jan. 19, Prokhorov stopped the talks and cancelled a meeting with Anthony for the next day.
But the Nuggets called the Nets earlier this week and they re-engaged in conversations. The Nets also had the most to offer and were willing to give up assets and provide Denver some salary-cap and luxury-tax relief to get Anthony.
He is a marketable star with whom they can open Brooklyn and could help them attract Chris Paul. But everything is contingent upon Anthony say yes to Prokhorov and the Nets.
Source: http://www.northjersey.com/sports/pro_sports/021811_Nets_Nuggets_reach_agreement_now_its_up_to_Carmelo_Anthony_to_say_yes.html
Notice, they spelled Prokhorov's name correctly.
Will do, thanks a lot! Still got CHCI on watch for the coming week or two.
Boom! Man I really missed the boat on this one. Thought about chasing it this morning but I hate being late to the party.