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since ca 2011
pps went up to maybe 5c before dec 2-13 mining work permit approval and remember it falling after said approval-part of the illogical technical trading sell on news that illogically plagues stocks-not saying thats what happened today -havent looked yet.
But that illogic- because all the manipulation can overwhelm logic short term-also occurs on blue chips though. E.g.,Walmart dropped unexpectedly 1 time after financials showed a beat on eps and total revenue both(good things)and analysts articles bemused the illogic.
The whole market imo stands or falls on longs who put up w those illogical movements/manipulation for medium and long term results.
When the point comes that the manipulation by the varied groups exceeds logic long term then longs will disappear and the market will collapse,and those groups will no longer be laughing at longs who use logic
yes,its frustrating that pps action is often illogical from a value standpoint, due to flippers, day traders, tech traders, weak knees,mm etc games.
But big players like institutions will come on line after updated financials return NEWC to the OTCQB because they will see the medium and longterm value
technical traders of course sell when approached 5c partly because high RSI(ca 60 and above) but as you say as the RSI falls due to higher base level over the days they will be back to play it again
those things-the tech trading- do frustrate fundamental traders as such is opposite and regardless of the growing fundamentals
to summarize again
From 9-27 PR: "The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier.'' This includes regulated med mj- cf to prior illegal THC (psychogenic) focused mj
Compared to other med mj stocks NEWC is actually a mining company with many emerging or upcoming revenue streams representing unrealized value,including:
1) Most know about NEWC's participation in med mj via its JV SANNABIS sub,including a product high in CBD but no THC for export to USA and a 29 page catalog being translated to English
2) and its new JV sub for application for an ORPHAN DRUG- possibly for epilepsy,especially for children,as that has been mentioned in NEWC releases a couple times.
3) BLUE GEM coal-previous PR said would be obtaining coal equipment from KY-TN border at fire sale prices
From 9-27 PR:
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA [ca 12250 acres] of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill."
4) METALLURGICAL coal to coke steel furnaces- "The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal". Coking coal commands higher prices than thermal (space heating).
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
OPTI has repeatedly confirmed the progress of the permits with the govt agency
5) THERMAL coal- see the 10-19 PR below :
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
6) in addition to the original coal concession with an estimated 15-17 million tonnes of reserves they have "another pending ACQUISITION for 390 ha and a solicitation contract for 184 ha metallurgical coal" concession- the additional 574 hectares totalling ca 2.22 square miles-ca 1420 acres.
7)NEWC was averaging ca 4c PPS many years ago before the original coal work plan was even approved in Dec 2013.
Final permits are close, greatly increasing value, as permits are a major factor in mining company value.
8) Since then AGGREGATE has been added to work plan and the appropriate Govt land use agency is formally reviewing NEWC's professional scientific modification of its aggregate plan to conform to govt request for modification from 1 to 2 pits.
'The cash flow from the gravel operations will allow them to begin coal mining operations on their own." on their original metallurgical concession.
From the 9-27 PR: Plans are to begin immediately crushing rocks to generate revenue [once permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
9) CONVERTIBLE DEBT ELIMINATION: pps was strangled to a ridiculous low due to the typical convertible notes required to enable these companies to turn the corner until revenue begins. NEWC forecast a pending 8k to announce all debt that can be [at least currently]converted has been eliminated: "Drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares".
10) UPDATED FINANCIALS
Pps also suffered due to a long delay in financial reporting due to financial exigencies. Toxic debt resulting in the maniacal conversion by a holder who cared nothing about operations was incurred to allow NEWC to pay auditors etc to update SEC reporting financials,which are expected by the end of October.
Many INSTITUTIONS,due to fiduciary duty, cannot invest until financials are updated. MM's know this -may be partly why MM's have been heavily buying. Updated financials will greatly increase the investor pool.
11) Upcoming Nov 8 USA ELECTIONS are providing cover for many pennies(until financials) to "preserve the legacy'' and are expected to increase the USA market for both medical and recreational MJ.
12 NEWC is purchasing HEMP farms for anything from clothing to biodiesel(specifically mentioned)
http://www.otcmarkets.com/stock/NEWC/news
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
BARRANQUILLA, Colombia, October 19, 2016 /PRNewswire/ --
Metallurgical Coal prices continue to surge, up over 300% this year to over $ 230/tonne
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian resource company listed in the U.S. with premium metallurgical coal mining titles and medical marijuana subsidiaries is pleased to report on the status of a project to build a thermal coal power plant in Guaduas, Colombia. Company subsidiary, Compañía Minera San Jose Ltda. entered into negotiations earlier this year with a foreign entity to build a 300 Megawatt thermal coal power plant near their estimated vast coal reserves. This entity has secured a Letter of Intent for US$ 200 Million from a major construction company in China to join a consortium to finance the development of the coal operations to feed this new plant and construction of the power plant.
New Colombia Resources' Director, Erasmo Almanza, received a report from the consortium partner on the status of negotiations of the installation of the thermal coal power plant in Guaduas. The report states there have been meetings with the financing team seeking the best financing option for the project and have modified the volume of power generation to optimize material inventory with time. A decision was made to program a meeting with Mr. Almanza after these adjustments are finalized to protocolize the negotiations and establish the new power company.
Guaduas is located 110 Km northeast of the capital of Bogota with an estimated 10 Million people. Colombia's energy generation is dominated by hydro-electric which causes concerns during droughts and a weather phenomenon.
The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal, for a comprehensive estimate of probable reserves on their first concession contract ILE-09551 visit http://www.newcolombiaresources.com/assesment.php
The concession contract to be developed by the consortium is in close proximity to Concession Contract ILE-09551 and expected to have a similar 70/30 ratio of coking coal to thermal coal.
The Company feels this is a major development creating a local market for their thermal coal while developing metallurgical coking coal that has more than tripled in price this year to over $ 230/tonne. Additionally, the Company has met with a multi-billion-dollar Asian conglomerate interested in their premium metallurgical coal.
.
Goldman Sachs issued a report stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton (NYSE: BHP), Consol Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLP) have seen significant price increases in the past few weeks.
Additionally, Company attorney is drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
the 2011 survey was actually over 16.9 million tons, so don't know why PR says 15-17M
metallurgical coking coal rose from 70 to ca 210 as per an independent article I posted
coking coal was valued at 9/ton in ground- a major factor in what a company might pay to buy the concession now that all permits except a soon pending env permit have been approved.
Can't find an updated in ground price-below I estimated very conservatively based on price increases for coal that the 2011 appraisal of ca 50 million would, due to said price increases,probably be a minimum of 75 million now -
but in 2011,when the 50 million est was made the work plan had not even been formed let alone approved -was approved Dec 2013 and env permit has been in process since then- NEWC addressed the last known govt change to aggregate operations and said change has been under formal review by the govt-instead of 1 big pit to utilize 2 separate permits for the protection of a stream-since NEWC responded via a scientific and geological professional company due to the desired changes it is likely NEWC's modifications will be approved- wouldnt be under formal review if the govt agency saw any glaring deficiencies-so this final permit for aggregate /coal operations could be 1 of the new developments to be PR'd soon.
Permits greatly increase value of a mine since the substantial scientific reports necessary to obtain permits are expensive and the land use planning process typically takes many years etc. Some mining co's now claim the process often takes 15 years in the USA(1 PR said an average of 15 years!)
One mining co I modded on another site-RVM- had a 12 year battle for 1 concession and was still working on it when Hecla bought them out.
So my conservative value of 22c/share for in ground value of coal below does not even take into to account these factors-
1) the added value of the permits
2)plus additional optioned concessions
3)full value of tripling of met coal price
4) also they added aggregate operations to the work plan and that value is not included in the 22c estimate either-1 highway under construction or soon to be-Opti has been there and would know more- -Ruta del Sol?- is only ca 11km from the mine
5) Med mj JV
6)Orphan drug application
as long as coal prices stay high in ground coal should be worth 100 million especially w additional concessions mentioned by website and PR's-if so in ground coal alone would set a value of .294 pps-your estimate($100M divided by 340M OS)
its anybodies guess how much value the additional 5 factors above might add- but since the trading has essentially ignored the mining value I would say most here consider the med mj and orphan application to be worth much more than value of in ground coal-so maybe 1 dollar pps as some have mentioned?
Though this is currently obviously trading on the med mj and upcoming orphan drug designation just want to remind that this has other revenue streams also which alone support a much higher value now that the co has apparently turned the corner.
so the following was my original prognostications:
A 2011 preliminary study noted on website indicated in situ value of thermal coal was 3 dollars/unit,coking coal was 9 dollars/unit- then placing in situ value of just under 50 million dollars(over 49 million)- this apparently does not include additional concessions being acquired since then
Coal,esp coking coal- rose significantly recently-from 70-210 due to China reducing domestic production etc
haven't found current in situ prices but based on such rise in situ for coking coal logically would be 3x larger
Also have blue gem coal "used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products"
PR says est 15-17 million tons coal-2011 study said over 16.9 million tons-of coking and thermal and blue gem coals
My own conservative estimate of in situ(in ground) prices of ca 75 million and 340M OS alone would be a value of 22c/share- not counting the aggregate or the med mj
pps was decimated by toxic conversion resulting from years of typical land use planning delays but now that it seems evident the co has turned the corner and will not join the mining graveyard,the pps is greatly undervalued and has not taken these things into consideration
also what is the discounted future value of $6M/month in mining revenues-just saying the market/players here dont even know about these things-trading currently is based solely on med mj and orphan drug
bracketed material is mine:
from the 9-27 PR
Plans are to begin immediately crushing rocks to generate revenue[once final permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
accounts payable will always exist
660k liability is from a previously convertible instrument not convertible anymore
last financials showed 265k in convertibles- CEO noted as published in PR that other convertibles(not presently convertible) had been reduced also-maybe paid off by now
but more important than the outdated financials to be updated soon is all the deals and income streams PR'd lately-the wherewithal to pay off debt and grow
accountants like to see a current ratio (CR- ca over cl) of 2 but that rarely exists at this price point-at this point a CR of .01 is not uncommon
1 company[not NEWC] I looked at had 50M liability and only 5k assets-how?
anybody can see filings here-easier to search than edgar imo
http://www.otcmarkets.com/stock/NEWC/filings
New offices are in the Columbian Caribbean port city of Barranquilla near the Magdalena river on which product will be shipped -ca 3000 miles from Houston by ship and ca 2500 to Miami
somebody w better PC tech skills could save a google or some other map to the specifications required by this site for posting but in the meantime will have to do with this
https://en.wikipedia.org/wiki/Barranquilla
well,you know as they say,accidents happen,but in all seriousness anybody playing the fundamentals is in good shape,as this is still greatly undervalued.
I've seen stocks as high as 20 dollars without income,and NEWC has lots of incipient income streams.
very true
Some may have expected all debt to be announced as paid but that would be unrealistic at this stage-getting rid of the toxic debt was the important thing
overall I dont think 8k contributed to consolidation in a major way -such consolidation began yesterday after chart indicated and most of a certain group stopped posting, some of whom probably sold,due to the chart or not
so, considering that, it was good to hold pps today in preparation for the next leg up-still a HUGE amount of unrealized value.
as you no doubt know but for those who dont know those are still relatively low numbers of shares for these low pennies before they turn the corner
miners in this position often have several to many billions of shares
I've noticed by the time companies get to 1 dollar the better co's have reduced shares to ca 250 million via buybacks-so NEWC is in good position to do that.
I need to consolidate my NEWC stuff and renew my NEWC sticky -its on the list-but I work for a living.
but had a pretty comprehensive post this a.m.-compiling the different NEWC catalysts and revenue streams was not easy - very few stocks could say that.
He apparently understands-given his history -that penny players want something new and exciting every day but that just isn't possible or logical because things take time to fulfill in the real world,unlike slot machines
we've had more news in the last couple weeks than many pennies in 2 years and much of it hasn't really been absorbed even by some of those who follow these boards-let alone by outsiders and the greater investment community who take time to find things
Rome wasn't built in a day-began ca 750 BC but didnt make big international moves in history books til almost 700 years later-but we live in a microwave generation -many who dont know microwaves, cell phones, internet, PC's,electricity,cars etc didnt always exist.
They say the market is suppose to price things 9 months down the road-in theory anyway,at which time NEWC's fundamental value could be over 1 dollar.
I agree- flippers dsy traders etc plus usual mm catch those stop loss order games etc
ow-p ran from .003 to 20c from sept 28 to yesterday
and NEWC has a lot more revenue streams and present unaccounted for base value going for it
with more catalysts coming-including updated financials which will allow many big boys now sitting out to join the fun
plus due to past toxic games even current catalysts are not valued fully in the pps due to the games-and many institutions could not even find a limited info stock but when updated financials arrive they can because NEWC is SEC reporting-
so logically-if theres any logic left in the market -NEWC should have a longer and stronger run than ow-p
yes they-the other mj co ow-p posted NEWC PR re infomercials-I would give the cite but it would be off topic
its interesting that the other mj stock many have mentioned posted that NEWC PR re infomercials on their site also-I was surprised-will have to take another look when i have time to make sure i wasnt seeing things
the possibility is there -mm's reported big buying at 4c indicates they know the possibilities
many here have mentioned another mj stock which started rising sept 28 at .003 and today hit 20c
that stock doesnt have any revenue yet as per financials,only 3 lines in last 10q on business model
doesnt have NEWC's many different streams
true-thats why i forgot about hemp farms in producing the compilation- updated 10Q's etc will be interesting
NEWC is also purchasing hemp farms,e.g., for biodiesel
http://www.biodieselmagazine.com/articles/1434/hemp-biodiesel-when-the-smoke-clears/
From 9-27 PR: "The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier.'' This includes regulated med mj- cf to prior illegal THC (psychogenic) focused mj
Compared to other med mj stocks NEWC is actually a mining company with many emerging or upcoming revenue streams representing unrealized value,including:
1) Most know about NEWC's participation in med mj via its JV SANNABIS SUB,including a product high in CBD but no THC for export to USA and a 29 page catalog being translated to English
2) and its new JV sub for application for an ORPHAN DRUG- possibly for epilepsy,especially for children,as that has been mentioned in NEWC releases a couple times.
3) BLUE GEM coal-previous PR said would be obtaining coal equipment from KY-TN border at fire sale prices
From 9-27 PR:
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA [ca 12250 acres] of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill."
4) METALLURGICAL coal to coke steel furnaces- "The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal". Coking coal commands higher prices than thermal (space heating).
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
OPTI has repeatedly confirmed the progress of the permits with the govt agency
5) THERMAL coal- see the 10-19 PR below :
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
6) in addition to the original coal concession with an estimated 15-17 million tonnes of reserves they have "another pending ACQUISITION for 390 ha and a solicitation contract for 184 ha metallurgical coal" concession- the additional 574 hectares totalling ca 2.22 square miles-ca 1420 acres.
7)NEWC was averaging ca 4c PPS many years ago before the original coal work plan was even approved in Dec 2013.
Final permits are close, greatly increasing value, as permits are a major factor in mining company value.
8) Since then AGGREGATE has been added to work plan and the appropriate Govt land use agency is formally reviewing NEWC's professional scientific modification of its aggregate plan to conform to govt request for modification from 1 to 2 pits.
'The cash flow from the gravel operations will allow them to begin coal mining operations on their own." on their original metallurgical concession.
From the 9-27 PR: Plans are to begin immediately crushing rocks to generate revenue [once permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
9) CONVERTIBLE DEBT ELIMINATION: pps was strangled to a ridiculous low due to the typical convertible notes required to enable these companies to turn the corner until revenue begins. NEWC forecast a pending 8k to announce all debt that can be [at least currently]converted has been eliminated: "Drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares".
10) UPDATED FINANCIALS
Pps also suffered due to a long delay in financial reporting due to financial exigencies. Toxic debt resulting in the maniacal conversion by a holder who cared nothing about operations was incurred to allow NEWC to pay auditors etc to update SEC reporting financials,which are expected by the end of October.
Many INSTITUTIONS,due to fiduciary duty, cannot invest until financials are updated. MM's know this -may be partly why MM's have been heavily buying. Updated financials will greatly increase the investor pool.
11) Upcoming Nob 8 USA ELECTIONS are providing cover for many pennies(until financials) to "preserve the legacy'' and are expected to increase the USA market for both medical and recreational MJ.
http://www.otcmarkets.com/stock/NEWC/news
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
BARRANQUILLA, Colombia, October 19, 2016 /PRNewswire/ --
Metallurgical Coal prices continue to surge, up over 300% this year to over $ 230/tonne
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian resource company listed in the U.S. with premium metallurgical coal mining titles and medical marijuana subsidiaries is pleased to report on the status of a project to build a thermal coal power plant in Guaduas, Colombia. Company subsidiary, Compañía Minera San Jose Ltda. entered into negotiations earlier this year with a foreign entity to build a 300 Megawatt thermal coal power plant near their estimated vast coal reserves. This entity has secured a Letter of Intent for US$ 200 Million from a major construction company in China to join a consortium to finance the development of the coal operations to feed this new plant and construction of the power plant.
New Colombia Resources' Director, Erasmo Almanza, received a report from the consortium partner on the status of negotiations of the installation of the thermal coal power plant in Guaduas. The report states there have been meetings with the financing team seeking the best financing option for the project and have modified the volume of power generation to optimize material inventory with time. A decision was made to program a meeting with Mr. Almanza after these adjustments are finalized to protocolize the negotiations and establish the new power company.
Guaduas is located 110 Km northeast of the capital of Bogota with an estimated 10 Million people. Colombia's energy generation is dominated by hydro-electric which causes concerns during droughts and a weather phenomenon.
The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal, for a comprehensive estimate of probable reserves on their first concession contract ILE-09551 visit http://www.newcolombiaresources.com/assesment.php
The concession contract to be developed by the consortium is in close proximity to Concession Contract ILE-09551 and expected to have a similar 70/30 ratio of coking coal to thermal coal.
The Company feels this is a major development creating a local market for their thermal coal while developing metallurgical coking coal that has more than tripled in price this year to over $ 230/tonne. Additionally, the Company has met with a multi-billion-dollar Asian conglomerate interested in their premium metallurgical coal.
.
Goldman Sachs issued a report stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton (NYSE: BHP), Consol Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLP) have seen significant price increases in the past few weeks.
Additionally, Company attorney is drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
the 2011 survey was actually over 16.9 million tons, so don't know why PR says 15-17M
metallurgical coking coal rose from 70 to ca 210 as per an independent article I posted
coking coal was valued at 9/ton in ground- a major factor in what a company might pay to buy the concession now that all permits except a soon pending env permit have been approved.
Can't find an updated in ground price-below I estimated very conservatively based on price increases for coal that the 2011 appraisal of ca 50 million would, due to said price increases,probably be a minimum of 75 million now -
but in 2011,when the 50 million est was made the work plan had not even been formed let alone approved -was approved Dec 2013 and env permit has been in process since then- NEWC addressed the last known govt change to aggregate operations and said change has been under formal review by the govt-instead of 1 big pit to utilize 2 separate permits for the protection of a stream-since NEWC responded via a scientific and geological professional company due to the desired changes it is likely NEWC's modifications will be approved- wouldnt be under formal review if the govt agency saw any glaring deficiencies-so this final permit for aggregate /coal operations could be 1 of the new developments to be PR'd soon.
Permits greatly increase value of a mine since the substantial scientific reports necessary to obtain permits are expensive and the land use planning process typically takes many years etc. Some mining co's now claim the process often takes 15 years in the USA(1 PR said an average of 15 years!)
One mining co I modded on another site-RVM- had a 12 year battle for 1 concession and was still working on it when Hecla bought them out.
So my conservative value of 22c/share for in ground value of coal below does not even take into to account these factors-
1) the added value of the permits
2)plus additional optioned concessions
3)full value of tripling of met coal price
4) also they added aggregate operations to the work plan and that value is not included in the 22c estimate either-1 highway under construction or soon to be-Opti has been there and would know more- -Ruta del Sol?- is only ca 11km from the mine
5) Med mj JV
6)Orphan drug application
as long as coal prices stay high in ground coal should be worth 100 million especially w additional concessions mentioned by website and PR's-if so in ground coal alone would set a value of .294 pps-your estimate($100M divided by 340M OS)
its anybodies guess how much value the additional 5 factors above might add- but since the trading has essentially ignored the mining value I would say most here consider the med mj and orphan application to be worth much more than value of in ground coal-so maybe 1 dollar pps as some have mentioned?
Though this is currently obviously trading on the med mj and upcoming orphan drug designation just want to remind that this has other revenue streams also which alone support a much higher value now that the co has apparently turned the corner.
so the following was my original prognostications:
A 2011 preliminary study noted on website indicated in situ value of thermal coal was 3 dollars/unit,coking coal was 9 dollars/unit- then placing in situ value of just under 50 million dollars(over 49 million)- this apparently does not include additional concessions being acquired since then
Coal,esp coking coal- rose significantly recently-from 70-210 due to China reducing domestic production etc
haven't found current in situ prices but based on such rise in situ for coking coal logically would be 3x larger
Also have blue gem coal "used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products"
PR says est 15-17 million tons coal-2011 study said over 16.9 million tons-of coking and thermal and blue gem coals
My own conservative estimate of in situ(in ground) prices of ca 75 million and 340M OS alone would be a value of 22c/share- not counting the aggregate or the med mj
pps was decimated by toxic conversion resulting from years of typical land use planning delays but now that it seems evident the co has turned the corner and will not join the mining graveyard,the pps is greatly undervalued and has not taken these things into consideration
also what is the discounted future value of $6M/month in mining revenues-just saying the market/players here dont even know about these things-trading currently is based solely on med mj and orphan drug
bracketed material is mine:
from the 9-27 PR
Plans are to begin immediately crushing rocks to generate revenue[once final permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
NEWC product -either coal or med mj- has been forecasted to be shipped up the nearby Madgalena river which flows northward (NEWC's concessions have been N of Columbia's mountainous "continental divide" so the River flows North) to Barranquilla-which is a straight shipping shot to Houston(ca 3000 miles)or bypass E end of Cuba to Miami(ca 2450 miles)
it was another monday recently when many sold around .006 and many were sorry- mondays typically have -all things being equal worse buy sell ratios than rest of week and so for this to have climbed so much before some consolidation today is impressive
because NEWC has several major revenue streams in process
NITE etc wouldnt be buying up everything at .0391 etc as somebody said if they thought this was the end of the ride. They apparently know big buyers are coming when financials are updated
unlike other mmj momos NEWC has the turnaround story and the backing of huge coal reserves etc to move up over time even if some decide to move on
8k, financials,election etc coming
Thanks- I read at least 1 of those articles without looking at them again after using google to unsucessfully attempt to find the info i was looking for-whatever was posted
we know some of the benefits or results of THC
and there are at least 85 cbd's w some 500 chemicals
i wanted to get an intuitive understanding of why these 85 cbd's and their associated 500 chemicals are so beneficial to so many conditions
e.g,studies showed red wine beneficial to the heart in moderate doses but then they discovered it was the resveratrol- found in grapes-no wine or at least fermentation necessary that was providing the benefit and resveratrol i guess is an antioxidant -and since we know what an antioxidant is that explained it
another example i gave -modern soap invented ca 1879 is made by purposefully producing an open ended molecule which is basically unstable until the molecule is completed on 1 or both ends by other compounds which we would call dirt so soap attracts the dirt
I've read all the articles here and I've read lots-e.g every non-fiction book in my secondary school libraries -but i dont remember any article ever mentioning in simple terms why or what it is in the 85 CBD's that is so beneficial for so many conditions=- like those who took apart tv's or radios (when you could still do so)to see their inner workings-and from articles it doesnt sound like they necessarily know what all the 500 chemicals are yet-but i just thought w all the tremendous amount of mj specialists and mj dd on this board somebody might know what i was talking about and explain-oh its the antioxidants in the cbd's that are so powerful/beneficial-just using antioxidant as an example
http://medicalmarijuana.procon.org/view.answers.php?questionID=000636
Thanks for keeping us current on the coal-
as CEO's email said in reply to your query:
"Although everybody loves MMJ, and we've been at it for 3 years, the real value here is the mining and related projects."
So that should provide another idea of the fundamental value attributable to the soon coming mining and we already know they bought the rock crushing plant in 2014 for $320k
so for newbies and those who missed it I reprise the recent mining news below
http://www.otcmarkets.com/stock/NEWC/news
New Colombia Resources in Negotiations to Build a 300 MW Thermal Coal Power Plant Near their Coal Property in Colombia in Association with a Foreign Entity that Secured a US$ 200 Million L.O.I. from a Major Construction Company in China
BARRANQUILLA, Colombia, October 19, 2016 /PRNewswire/ --
Metallurgical Coal prices continue to surge, up over 300% this year to over $ 230/tonne
New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian resource company listed in the U.S. with premium metallurgical coal mining titles and medical marijuana subsidiaries is pleased to report on the status of a project to build a thermal coal power plant in Guaduas, Colombia. Company subsidiary, Compañía Minera San Jose Ltda. entered into negotiations earlier this year with a foreign entity to build a 300 Megawatt thermal coal power plant near their estimated vast coal reserves. This entity has secured a Letter of Intent for US$ 200 Million from a major construction company in China to join a consortium to finance the development of the coal operations to feed this new plant and construction of the power plant.
New Colombia Resources' Director, Erasmo Almanza, received a report from the consortium partner on the status of negotiations of the installation of the thermal coal power plant in Guaduas. The report states there have been meetings with the financing team seeking the best financing option for the project and have modified the volume of power generation to optimize material inventory with time. A decision was made to program a meeting with Mr. Almanza after these adjustments are finalized to protocolize the negotiations and establish the new power company.
Guaduas is located 110 Km northeast of the capital of Bogota with an estimated 10 Million people. Colombia's energy generation is dominated by hydro-electric which causes concerns during droughts and a weather phenomenon.
The Company's coal reserves are estimated to be 70% metallurgical and 30% thermal, for a comprehensive estimate of probable reserves on their first concession contract ILE-09551 visit http://www.newcolombiaresources.com/assesment.php
The concession contract to be developed by the consortium is in close proximity to Concession Contract ILE-09551 and expected to have a similar 70/30 ratio of coking coal to thermal coal.
The Company feels this is a major development creating a local market for their thermal coal while developing metallurgical coking coal that has more than tripled in price this year to over $ 230/tonne. Additionally, the Company has met with a multi-billion-dollar Asian conglomerate interested in their premium metallurgical coal.
.
Goldman Sachs issued a report stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton (NYSE: BHP), Consol Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLP) have seen significant price increases in the past few weeks.
Additionally, Company attorney is drafting an SEC Form 8K to address the elimination of debt that was recently being converted into free trading shares.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
my notes:
The 2011 survey was actually over 16.9 million tons, so don't know why PR says 15-17M
metallurgical coking coal rose from 70 to ca 210 as per an independent article I posted
coking coal was valued at 9/ton in ground- a major factor in what a company might pay to buy the concession now that all permits except a soon pending env permit have been approved.
Can't find an updated in ground price-below I estimated very conservatively based on price increases for coal that the 2011 appraisal of ca 50 million would, due to said price increases,probably be a minimum of 75 million now -
but in 2011,when the 50 million est was made the work plan had not even been formed let alone approved -was approved Dec 2013 and env permit has been in process since then- NEWC addressed the last known govt change to aggregate operations and said change has been under formal review by the govt-instead of 1 big pit to utilize 2 separate permits for the protection of a stream-since NEWC responded via a scientific and geological professional company due to the desired changes it is likely NEWC's modifications will be approved- wouldnt be under formal review if the govt agency saw any glaring deficiencies-so this final permit for aggregate /coal operations could be 1 of the new developments to be PR'd soon.
Permits greatly increase value of a mine since the substantial scientific reports necessary to obtain permits are expensive and the land use planning process typically takes many years etc. Some mining co's now claim the process often takes 15 years in the USA(1 PR said an average of 15 years!)
One mining co I modded on another site-RVM- had a 12 year battle for 1 concession and was still working on it when Hecla bought them out.
So my conservative value of 22c/share for in ground value of coal below does not even take into to account these factors-
1) the added value of the permits
2)plus additional optioned concessions
3)full value of tripling of met coal price
4) also they added aggregate operations to the work plan and that value is not included in the 22c estimate either-1 highway under construction or soon to be-Opti has been there and would know more- -Ruta del Sol?- is only ca 11km from the mine
5) Med mj JV
6)Orphan drug application
7)2OOM LOI to build a thermal coal plant to produce power for Columbia 10-19 PR
as long as coal prices stay high in ground coal should be worth 100 million especially w additional concessions mentioned by website and PR's-if so in ground coal alone would set a value of .294 pps-anothers estimate($100M divided by 340M OS)
its anybodies guess how much value the additional 6 factors above might add- but since the trading has essentially ignored the mining value I would say most here consider the med mj and orphan application to be worth much more than value of in ground coal-so maybe 1 dollar pps as some have mentioned?
but not more than the possibility of a thermal coal plant near another large concession,as sper the CEO's email above to Opti
Though this is currently obviously trading on the med mj and upcoming orphan drug designation just want to remind that this has other revenue streams also which alone support a much higher value now that the co has apparently turned the corner.
so the following was my original prognostications:
A 2011 preliminary study noted on website indicated in situ value of thermal coal was 3 dollars/unit,coking coal was 9 dollars/unit- then placing in situ value of just under 50 million dollars(over 49 million)- this apparently does not include additional concessions being acquired since then
Coal,esp coking coal- rose significantly recently-from 70-210 due to China reducing domestic production etc
haven't found current in situ prices but based on such rise in situ for coking coal logically would be 3x larger
Also have blue gem coal "used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products"
PR says est 15-17 million tons coal-2011 study said over 16.9 million tons-of coking and thermal and blue gem coals
My own conservative estimate of in situ(in ground) prices of ca 75 million and 340M OS alone would be a value of 22c/share- not counting the aggregate or the med mj
pps was decimated by toxic conversion resulting from years of typical land use planning delays but now that it seems evident the co has turned the corner and will not join the mining graveyard,the pps is greatly undervalued and has not taken these things into consideration
also what is the discounted future value of $6M/month in mining revenues-just saying the market/players here dont even know about these things-trading currently is based solely on med mj and orphan drug
bracketed material is mine:
from the 9-27 PR
Plans are to begin immediately crushing rocks to generate revenue[once final permit expected shortly is approved]. In 2014 the Company purchased a rock crushing plant with a 1000 m3/day capacity that will begin to generate revenue immediately. To see a financial model of the gravel operation, click here https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
New Colombia Resources expects to partner with a major corporation to begin mining high quality metallurgical coal, however, the cash flow from the gravel operations will allow them to begin coal mining operations on their own.
The spot price of coking coal has skyrocketed this year from $70/tonne to over $ 200/tonne because of China's new policy to decrease production and other factors. Although the company director, Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian firm, New Colombia Resources has been meeting with other major Asian conglomerates and soliciting steel mills to get the best deal possible to begin a sizable metallurgical coal mining operation. Original plans are for output of 30,000 tonne/month, at today's spot price that would produce monthly revenue of over $ 6,000,000.
Goldman Sachs issued a report last week stating their projection that coking coal prices will remain high. http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-coal-prices-are-here-to-stay
Shares in big board metallurgical coal producers like BHP Billiton, Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant price increases in the past few weeks.
The Peace Treaty signed yesterday in Cartagena between Colombia and the FARC will make generating interest for investment in Colombia much easier. New Colombia Resource also has a joint venture manufacturing medical marijuana products and is in the process of creating sustainable hemp industries in Colombia. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources is making strong efforts to retire debt that is being converted into free trading shares causing pressure to the company's stock price, although the Company believes this creates an attractive entry to point for investors.
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products. Blue Gem coal miners in Kentucky are shutting down operations due to over-regulation creating a supply void the Company intends to fill.
as per independent articles posted last 2 days indicating outdoor Columbian grown stuff will cost only 1/10 of at least indoor operations and also much less than outdoor temperate areas,do you think that will result in a lot of the N Calif(at present many illegal) and Oregon outdoor fields disappearing?
I am very well aware of that- but i try to keep the peace when at all possible
and i try to set this apart from other med mj momos by showing the intrinsic value of the stock based upon coal/aggregate alone so some might recognize this is a good investment apart from the momo
this was my point:
"i thought w all the incredible expertise here somebody could explain it because i've never seen an explanation"
I've read hundreds of pages without seeing the explanation and i know there are 85 cannaboids-but that doesnt explain the intrinsic health benefits . E.g., modern soap which didnt begin til 1879 works because of an open ended molecule which attracts dirt.
So i wanted to know at the intrinsic level what makes it so beneficial- either nobody knows because i've never seen an explanation despite reading thousands of books and writing thousands of articles and books or people are so selfish they don't want to give an honest answer to an honest question- i thought the answer would be of educational benefit to others here also
mention of 2 doctorates was so u wouldnt continue assuming i was an imbecile-the idea being to read the post carefully- as this wasnt the 1st time u totally publicly misunderstood what i said and personally attacked me=are u threatened somehow?
i know its dangerous to ask an honest question because society now finds entertainment value in car accidents and the sick motto, "if it bleeds it leads' but i was comfortable to ask for the benefit of others who might be afraid to ask
no need to insult me - i have 2 doctorates-i thought w all the incredible expertise here somebody could explain it because i've never seen an explanation-did well in chemistry in school like everything else but i've never seen anybody explain the chemistry - high in antioxidants? - similar to resveratols(spelling?) etc?
are u crazy - i said nothing of the sort- i was saying the profit margin in many industries was only 1-3% as compared to high margins in med mj
dont know how u possibly could have twisted that around-not the 1st time either
can anybody explain how non-thc med mj can be beneficial for so many conditions-want to understand that better.
that line made me think that's what their orphan drug would be.
for the 1st time. Thats a milestone many of these low pennies never achieve and puts them into a higher bracket whether officially recognized or not. I've seen co's as high as many dollars /share without income and many co's without a product or any financing.
the value is there so heres to the best week ever.
I know there will be expenses for the legal lab they're creating and hundreds of acres for hemp for biodiesel etc but it will be interesting to see the incipient income flow in updated financials.
Many types of business only have 1-3% profit margin-so quite a difference.
"A state of the art laboratory built to INVIMA standards is nearing completion. This lab will process hundreds of pounds of medical cannabis per day. Sannabis currently operates at gross profit margins between 250% to over 2000% on their products. These profits are reinvested in securing high quality standards for their medicines"
Getting there myself. My lack of spanish has been a problem for me here also and a couple other latin american stocks,and google translations are often horrible.
Thanks for all your dd on the med mj angle. Say hi to him for me.
This should do well long term. Most institutions, due to the restrictions of fiduciary duty,the highest duties known to the law,cannot invest until financials are updated.
By the same token most such can't find NEWC while its otc.markets limited info classification.
So when NEWC's financials are updated that should give a good boost,and NEWC should be back to the OTCQB w the pps bid above 1c we've had.
ok I've seen the PR now -long day
did i miss something-is that demographic more likely to buy NEWC products?