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Today gold closed down $3.30 at $650.20 and silver closed down .18 at $12.82. For the week gold closed up $9.40 and silver closed unchanged.
Boomer, I believe that this is a short term only. An insider, Farinella, has sold 2,860,000 so far this year. The company continues to lose a lot of money and has a large negative net worth. There are 500,000,000 shares authorized and the issued is getting very close. At the present time .029 has this company heavily overpriced. The company book value is less than -0-.
oops. Sorry about the repeat.
Wineco Productions, Inc. (WNCP )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:55 PM ET
WayPoint Biomedical Holdings, Inc. (WYPH )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:54 PM ET
Wataire Industries Inc. (WTAF )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:51 PM ET
UBA Technology, Inc. (UBTG )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:50 PM ET
Spooz, Inc. (SPZI )
Spooz, Inc. published Company Information and Disclosure Statement as of 12/31/2006
Mar 8 2007 4:50 PM ET
Sports Stuff.com, Inc. (SSUF )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:48 PM ET
SOLUCORP Industries Ltd. (SLUP )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:46 PM ET
Software Effective Solutions Corp. (SFWJ )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:29 PM ET
Rouchon Industries, Inc. (RCHN )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:27 PM ET
Rodedawg International Industries, Inc. (RWGI )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:25 PM ET
Relay Capital Corp. (RLYC )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:24 PM ET
Red Truck Entertainment, Inc. (RTRK )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:23 PM ET
Presidents Financial Corp. (PZFC )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:21 PM ET
National Healthcare Logistics, Inc. (NHLG )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:20 PM ET
LOM Logistics, Inc. (LOMJ )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:17 PM ET
Leatt Corp. (LEAT )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:16 PM ET
KoKo Petroleum, Inc. (KKPT )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:14 PM ET
iPackets International, Inc. (IPKL )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:13 PM ET
Investigative Services Agencies, Inc. (IVAY )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:12 PM ET
Interlink Global Corp. (ILKG )
SEC Order Of Suspension Of Trading
Mar 8 2007 4:09 PM ET
Today gold closed up $4.30 at $653.50 and silver closed up .04 at $13.00. For the week gold is up $12.70 and silver is up .18.
This is a small excerpt from the scores of trades in MMRSF. The huge percentage changes in the trades continue every day but I cannot get in at .65.
10:35:34 AM Bid 0.56 4500
10:35:30 AM Trade 0.56 500
10:25:34 AM Ask 0.68 2500
10:17:40 AM Bid 0.56 5000
10:01:38 AM Ask 0.97 8000
10:01:36 AM Ask 0.97 4000
9:40:00 AM Ask 0.97 5000
9:34:38 AM Ask 0.97 10000
9:34:36 AM Ask 0.98 2500
9:32:48 AM Bid 0.56 10000
9:32:48 AM Bid 0.56
If you are in IDTA long term I would watch it very carefully. The company has 2,080,000,000 outstanding shares with 2,500,000,000 authorized. As far as I can tell the company continues to lose money and issue shares to survive.
Today gold closed up $5.60 at $649.20 and silver closed up .12 at $12.96.
That would help. Hopefully the press releases are for real for a change. I fully expect another reverse split before anything meaningful happens at the Deer Trail mine.
Sorry about the late response Steve. I just returned from the club.
UCOI has a management that is living off of the investors by issuing shares to survive. The company has no current assets and $7,730,909 in current liabilities. UCOI lost $14,868,082 during the last nine months. The company had a reverse split of 1 for 100 on 8-11-06 and immediately started to issue shares and now have about 400,000,000 outstanding already. Total assets are only $1,929,918 so the company is suffering from a massive negative net worth. At the present time UCOI is over priced at .0045.
The main problem that I see with ONGO is that the cost of revenues are going up faster that revenues. The company needs to concentrate on controlling costs. Last quarter the company lost $1,029,603 which is nearly double the loss of the corresponding quarter. Until costs are controlled the company will need to continue to issue shares to survive. The shares are quite low now but will not stay there with the present income problems. The company also had a 1 for 50 reverse split on 8-10-06 which does not make investors happy.
All things considered, this could be a great investment if management can control revenue costs and get into the black.
Unico, Inc. Plans Groundbreaking for New Electrical Substation to Supply Power to the Deer Trail Mine
Issued Wednesday March 7, 9:18 am ET
SAN DIEGO, CA--(MARKET WIRE)--Mar. 7, 2007--Unico, Incorporated (OTC BB: UCOI), a natural resource company in the precious metals mining sector, today announced that the blueprints and survey work has been completed for the new electrical substation at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah and groundbreaking at the site is planned for the week of March 12, 2007.
BNA Consulting (www.bnaconsulting.com), a major provider of electrical consulting services in Utah and surrounding states for 35 years, has completed the blueprints for the substation, which have been approved and stamped by BNA’s electrical engineer. BNA Consulting has contracted with Unico’s wholly owned subsidiary, Deer Trail Mining Company, Inc. for a broad range of engineering services related to the construction of the substation. The blueprints will be submitted to PacifiCorp, the electrical utility that operates in Utah as Rocky Mountain Power, so they will have the ability to plan for connecting the lines to the new substation.
The Deer Trail Mining Company has conducted the on-site survey for the substation site location and has sent the information to BNA for reproduction in Auto-CAD. The survey will then be submitted to Rocky Mountain Power.
With the blueprints and survey completed and submitted, the company expects to receive documentation from Rocky Mountain Power that will include the final costs for interconnection from the Rocky Mountain Power’s substation to the new Deer Trail Mining Company substation and final utility costs per kilowatt-hour.
Once ground is broken, the company will prepare the grounding circuits and concrete foundation for the substation. The main General Electric transformer, which has been prepped and is ready for shipment to the site, will then be scheduled for delivery and placement on the completed foundation.
“We are pleased to have the blueprints and survey work completed so that BNA Consulting can submit the information to Rocky Mountain Power and construction of the new substation can begin,” commented Mark A. Lopez, chief executive officer of Unico, Inc. “As we complete the final steps in the reconstruction of the mill and processing facility at the Deer Trail Mine, providing an abundant supply of cost-effective electricity to the site will be of critical importance, and we look forward to the groundbreaking for the substation scheduled for next week.”
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company’s website at http://www.unicomining.com/IR/mailinglist.php.
Thanks Tsafi. That was the only thing that I could think of. It looked quite obvious to me that the stock price is being controlled.
MMRSF, Madison.
Tsafi, how can a stock have such wide swings on single trades such as the one below. This happens every day with swings of up to .49 that I have seen. Very unusual for a stock that is trading under $1.00.
Rec. Time Action Price Volume
10:02:08 AM Bid 0.55 2500
9:46:20 AM Bid 0.38 5000
9:46:18 AM Bid 0.38 10000
9:45:14 AM Ask 0.97 10000
9:43:52 AM Bid 0.56 2500
9:41:18 AM Bid 0.38 10000
9:41:16 AM Bid 0.37 10000
9:40:48 AM Ask 0.98 2500
9:40:32 AM Bid 0.56 2500
9:34:30 AM Ask 0.97 10000
9:34:28 AM Ask 0.98 2500
9:30:32 AM Ask 1
Today gold closed up $6.00 at $643.60 and silver closed up .25 at $12.84. For the two days gold is up $2.80 and silver is up .02.
Tsafi, I spoke out against CBAY about 10 months ago when it was near $1.00. I got attacked for my trouble. The same thing happened to me when I spoke out against SLJB when it was .21 just before it dropped to it's current .006. I was called some very uncomplimentary names by MarkelFarkel on that one. I'm glad that we can speak out here without that happening.
It appears as though the latest onslaught by the Central Banks and paper players is put on hold again. They are becoming so transparent that it is becoming easier to determine when the second shoe is about to drop. According to my charts on gold and silver the Central Banks should not hit again until well into April. Until that time there should be a very nice rise in the price of precious metals.
Today gold closed down $3.20 at $637.60 and silver closed down .23 at $12.59.
Altomare has pretended to be on the right track for years. Four press releases this morning is not helping the stock and management continues to issue stock to unsuspecting investors just to stay afloat. Over 19 billion shares outstanding and it is getting very close to the authorized which means that Altomare is getting close to another reverse split. If you invest here watch it very closely.
You have a nice weekend too. I was in the Negev Desert when Israel bombed the Iraqi nuclear site and destroyed 95% of it. I was also there when Anwar Sadat was assassinated.
lol! Tsafi, the silver is in a very good solid steel safe and on a concrete floor. I forgot to tell you that our vacation plans are full this year but next year we plan to come to Israel for a couple of weeks. I will let you know when it happens so that I can buy your lunch. :)
Today gold closed down $22.40 at $640.80 and silver dropped.76 at $12.82. for the week gold is down $42.10 and silver is down $1.67
I forgot to tell you that I only have a few ounces of gold, under 10. In a PM bull market silver has always outpaced gold on a percentage basis. That is why I have a lot more silver than gold.
jchiba, I never buy PM futures. My 10,000+ ounces of silver were purchased from coin shops, auctions and private parties in that order. I made a deal with one coin shop that wanted to move their silver when times were slow. I offered to buy all the silver bullion that she got in at spot price. She was eager to do so but it was when silver was $3.65 per ounce. I said I would buy all that she got in until it hit $4.00. I had several months of great silver purchases.
If I were you I would shop around and find the best deal in your area. There is a very large difference in charges between the shops. If you find a coin shop that deals in bullion that is going out of business and auctioning everything off that is the place to be. I went to one of the largest in Seattle where the company accountant ran off with the funds instead of paying the income tax. I purchased silver bullion as well as bead silver used in Jewelry stores for as much as 25% off of spot price. Good luck!
To put this PM drop in perspective, less than two months ago (1-5-07) gold closed at $605.10 and silver closed at $12.12. I have been waiting for the other shoe to drop for two weeks and stated so again when gold and silver had gone up for seven weeks in a row. Each time this happens silver takes a $2.00 to $2.25 hit. When the Central banks take over because of the huge paper player short contracts the same thing happens. This is not unusual. The PM trend is still up.
Today gold closed down $4.80 at $663.20 and silver dropped .55 at $13.58. Gold is now down $19.70 for the 1st four days and silver id down .91. Silver dropped .50 in the last 30 minutes of trading.
Resources Editor
GOLD producer DRDGold had potentially interested buyers lined up for its 20% stake in Porgera mine in Papua New Guinea and its Vatukoula mine in Fiji, CEO John Sayers said on a conference call yesterday.
DRDGold’s Australasian operations are held through its 78,7% stake in Australian-listed Emperor Mines. Emperor is considering restructuring options, including selling assets or finding a merger partner.
The group reported earlier this year that it had put Vatukoula on care and maintenance after a review showed mining was no longer economically viable. But its latest quarterly results also show production problems at Porgera and Tolukuma, also in Papua New Guinea.
However, analysts questioned why Porgera would be sold when it contributed significantly to DRDGold’s valuation, despite short-term problems. Sayers said the cheapest reserves and resources were those that were 100% owned. New opportunities had opened up in SA, DRDGold did not control cash flows at Porgera and, although it was a good asset, it would require heavy capex shortly for a deepening project on which DRDGold questioned whether it would earn an appropriate return.
The group’s attributable gold production fell 12% to 132125oz in the December quarter compared with the September quarter and cash operating costs rose 6% to $558/oz. The gold price received fell 1% to $617/oz.
The biggest contributor to the fall in production was Vatukoula, not only from the cessation of operations but also because of an earlier skip accident.
In SA, the Crown recovery operations improved output and Blyvoor maintained production but ERPM was affected by underground faulting, which reduced volumes and grade. Sayers said rumours that DRDGold might sell Blyvoor or put ERPM into liquidation were untrue. The South African operations were core to the group, he said.
DRDGold has received an exploration licence for the ERPM Extension 2 project, where there is believed to be between seven and 11-million ounces of gold resource, supporting a mine with a 15-year life.
The board had also approved spending R10,5m to reclaim the 3L2 slimes dam which would act as an interim measure while DRDGold waited for the outcome of its application to mine the Top Star dump in Johannesburg.
Today gold closed down $15.60 at $668.00 and silver closed down .36 at $14.13. That is not bad considering the fact that gold and silver had not been at this level for about 10 months. So far for the week gold is down $14.90 and silver is down .36
I would be careful with HNST. They continue to issue shares to survive and have been issuing over 6,000,000 each month for the past 8 1/2 months. The company continues to lose money.
SPARKS, Nev., Feb 28 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News) is pleased to announce an Open House and Exhibit for all interested shareholders, institutional investors and mining professionals from 4:00 to 11:00 pm, Tuesday March 6, 2007 in the Jasper Room of the Fairmont Royal York Hotel, 100 Front St., W., Toronto, Canada. The Exhibit will coincide with a four-day conference sponsored by the Prospectors and Developers Association of Canada (PDAC).
The Open House will feature a display of recent photos and maps from the newly opened Ashdown molybdenum mine, located in Humboldt County, Nevada. Numerous samples from the Ashdown Project LLC's molybdenite deposit will be on display, and complimentary refreshments and hors d'oeuvres will be provided to commemorate Ashdown's successful transition to production.
David A. Caldwell, CEO and Chief Geoscientist for Golden Phoenix, and Robert P. Martin, President, will be present to describe the Sylvia Vein high- grade molybdenum (Mo) deposit whose production rate is currently being ramped- up through focused underground development of access and stopes. Current shareholders and all interested investors and professionals are encouraged to attend. Complimentary samples of Ashdown concentrates will be available to the public on a first-come first-served basis.
The DOW was up over 57 points in the 1st five minutes.
No one can know what will really happen. I believe that China will continue to put pressure on precious metals but the US market is totally different than that of the Chinese as far as the stock market goes.
Langlui, I wish I knew. Sometimes the market recovers and sometimes the drop continues like it did about 25 years ago when the Dow lost about one-half of it's value before recovering.
In a drop this severe there is usually a nice come back during the last hour when investors try to pick up some bargains.
Dow down over 530 points. eom
Today gold closed down $2.20 at $683.60 and silver closed down .16 at $14.49. Earlier in the session gold had dropped to $674.20 and silver to $14.25 before rebounding. Gold recovered earlier to reach $689.80 and silver reached $14.71 before dropping at the close. Gold is up .70 for the 1st two days and silver is unchanged.
Silver has rebounded and picked up .28 of the .40 in early losses. This does not look like Central Bank interference.
Today gold closed up $2.90 at $685 .80 and silver closed up .16 at $14.65. The gold/silver ratio is now 46.81.
"Crews will continue to stockpile gold bearing gravel from the Mary's East tunnels into early spring. We have stock piled 4,600 loose cubic yards of gravel from Mary's East plus an additional 9,000 loose cubic yards of gravel from the Swede Channel. Processing the stockpiles for gold removal is expected to begin after the stockpiles are sufficiently thawed (mid June 2007). Thawing is critical, to ensure that all of the gold, from large nuggets down to the tiniest gold dust particles can be liberated from the frozen gravel chunks, then concentrated by gravity separation in our modern sluicing plant".