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OK, see it now. I checked earlier this morning and only saw the div announcement.
Looks like Canamex has some good properties. Big oz per ton. Looks to me like GORO will back them??
Just the Div. announcement.
LOL, I can see the headlines now. NBRI sets new rcord daily clean out high of 1.2 OZ.
LOL. The only running here will be the sound of smiths shoes hitting the pavement when this pump & dump scam is complete.
About 6 months ago a PR was released stating profitable by end of Q2!!! LOL
Now new PR stating profitable by end of year. Likely just means smith will be profitable by end of year. Had to move his timeline back, because no one is buying his garbage & totally unreliable PR's.. When the end of the year nears, he will simply move the time line again..
OK, got it now.
2 very good posts es1 & spanky. Thanks for your valued input.
But spanky, I would hope for some thruput from the new raise before 2015. Maybe later part of this year. Maybe even late summer. Pay the miners some incentive bonuses with realistic goals!!! Money talks loud & clear.
Thanks for your reply spanky. I was guessing 75 tons, so we are pretty close. So we can not expect much yield from the white channel untill/if they reach a vein or pool.
Yield vary's from week to week & month to month in every mine in the world. Ruby is no exception. But we have aces in the hole so to speak.
",keep in mind that all the equipment sat idle for years ,[conveyors,conveyors straps ,motors ,rollers,the wash plant,etc,etc.etc."
As I stated in a post several days ago. I would not be willing to buy processing plant failures as an excuse for any MAJOR delays in getting the sample ran. After all, they had 3 years to look this stuff over, and could have VERY EASILY ran it a little bit, even without loads on it, to determine the mechanical condition.
Personnaly, I do not think that mechanical issues where the cause of the lengthy delay in getting the sample ran. I would give mechanical issues as being maybe 1 week's worth of delay out of the appx. 10 weeks to get the sample to the surface and ran thru the plant.
Maybe mechanical issues in the mine itself. Rail, loader, engineering the channel opening supports & placing them are more likely causes for the delay. When blasting takes place, everything has to be checked & re checked for safety. When they blast in some of the bigger under ground mines, it can take up to 6 months before meaningfull extraction can happen. But this is the extreme. When they blast in the big mines, It's a BIG BLAST.
it is highly likely that the rate of material from the white channel will now ramp up rather quickly, because the miners are now working in the confines of the channel itself. BUT THEY HAVE TO GET THE MATERIAL TO THE SURFACE at a rate that will allow a chance at finding some reasonable amounts of gold per ton mined.
This is the efficiency issue...
Time is money... By the way, I am an retired machinist, with an associates degree in engineering. Also ran a business for 12 years that involved YELLOW equipment. And am VERY familiar with fixing mechanical issues.
Well, that PR came just in time. I was reviewing my options this morning, and was just about ready to sell about 75% & move into another stock. But instead, wound up buying a little bit more. Cost avg. now .038
CEO's honesty, plan and logical thinking kept me around. Not to mention 3+ years of time invested here.
$13k (10oz) to break even in the white channel does not seem out of the realm of possibilities. But the miners efficiency has to improve A LOT.
Spanky & others, you guys had some figures worked up regarding ability to get material out of the mine. What do you see now?? Seems to me that it's not so important AT THIS TIME to get good assay results. But getting tons of material out of the mine per week is key.
Sheeeesh, another day of nothing. Having a problem understanding why I am holding this right now.
GORO +1.61%
NBRI -1.59%
This is starting to not make mathematical sense.
I am in the markets for PROFIT, not hope. I am beginning to think that this is dead money for several more months. Considering selling and coming back later..
Good post Gene. I have been buying a little on opportunitys. Thinking this has bottomed out..
Really wish that I would have held a while longer years ago, when I first bought in.
Sold at $9 on the run to $32.
It's gonna be a LOOOONG time, if ever, before anything comes from this stock. But you never know, so I'm holding just to see.
On another note, I got an email this morning from this company's transfer agent.
Looks like my complaint to the SEC was taken seriously. And was the reason for getting the inability to trade issue straightened up.
Here is the content;
Concerning your inquiry and complaint lodged with the Help Desk at the S.E.C. Please be advised that it is our understanding that the Issuer you write about has now completed its corporate action.
Further, all necessary filings have been made with FINRA to allow this company to begin trading on its post split basis.
I would recommend contacting your Broker for assistance in depositing your shares if you so choose to sell these at this time.
If you experience further difficulty with this, please contact me directly and I will recommend a Broker that may be able to assist you with the deposit of your shares.
I would like to clarify one point, that it was the delay of both DTCC and Issuers Counsel (NOT INTERWEST) in failing to timely providing the necessary tradability opinion necessary to complete the corporate action.
Again, please contact me directly for further assistance.
Regards,
Kurtis D. Hughes
Vice President
Interwest Transfer Co, Inc.
When contacting the SEC about penny stock issues, you need to explain CLEARLY what is going on, and they WILL take action if necessary. Maybe some of the corruption in the penny market arena will get flushed out. It's WAY past due.
Because he does not have to answer it!! No one on these forums are required to answer questions of a personal nature!!
What's your reason for being here???
Keep up the good work Naz. No one that reads these boards should get suckered by smith the paper salesman.
LOL, 100 BPD is the BIG PIPE DREAM being pumped here. This scam can't even get 100BP WEEK!!!!! Last poster convieniently left off the W behind his 71BO number. That was 71BPW as stated in a recent press release.
Best joke from this company tho is "we will be profitable by the end of the 2nd quarter". THIS JUST MEANS THAT SMITH WILL BE SUFFICENTLY PROFITABLE TO CLOSE THE DOORS & WALK AWAY.
LOL, up 6.25% on a bid/ask of .0016/.0017 Buying this piece of garbage is like catching a falling knife. And a damn sharp one at that.
"January 22 press release stated they EXPECT to START processing a week from the 22nd, which would be around the 29th of January. If there were problems, they still could be attempting to process that 100 tons of gravel. We are assuming they completed, when if fact, we don't really know. "
If Perry comes up with something like mechanical problems as an excuse for this delay, it will be completely unacceptable to me.
They have had 2-3 years to test run the equipment and tune it up. Not that expensive to do since no delay would be created. A TOTAL LACK of good planning will be my conclusion, and will be just cause for me to sell.
So sad to see scams like this being allowed to continue. SEC NEEDS A FEW GOOD KICK ASS PROSECUTORS.
", until these guys can get to 100 BOPD". This bunch of smith crooks will NEVER, EVER get this to 100BOD. This is just a stock selling scheme. Reverse split & wash, wrinse & repeat.
Have known 2-3 people named smith in the past, and must say that I liked NONE of them. And this one is just another worthless drag on society...
Yes,inmine, thank you from me also. Input very appreciated.
Yes. Just checked www.pinksheets.com to see if their have been any new filings. Showing a stop sign. Means company is not up to date with filings. Very limited information. They need to fix this.
Only says that "Arem Pacific Corporation is a holding company in the health, leisure and agriculture industry in Australia." And listed in the real estate industry.
Do you know what the current share structure is. (how many outstanding & float)??
Looks like we have taken a big hair cut so far on this one!! Not buying more untill better information is available.
Well, look at this, ARPC finally showed up in my account!!! Only took what, 5-6 months!! Hope they can make a little money..
But grand total volume of 6 shares traded so far today.
Yes, but why did you leave out the fact that this is BO per WEEK, not day. Huge difference!!
Yes sir re sir, Floods (minor dilution) algorithem ha ha, is still running well this morning.
"Has recieved a term sheet from a bank"!!! Real big deal, I can go to 10 banks and get term sheets for any number of reasons. CERTIANLY DOES NOT MEAN THAT THEY WILL BE WILLING TO LOAN THE MONEY.
Have you guys read the 10K, particularely the part that indicates that peii has a couple of litigation's pending against them in Texas, for failure to comply with term aggreements.
legitimate banks DO NOT loan to company's like PEII.
likely correct spanky.
unfortunately es1, I think that you are spot on. And ex/record date is absolutely in the future, not some convienient past date.
However, Mr. Leopold has been known on a couple of occasions to issue PR's back to back within a 24 hr. period.
Good post nasulya. Smith is collaborating with the devil (dilutive financers & scam running MM"s) for his pay check.
Sorry for the negative guys, but this PR looks/smells like a bait & switch. Afew months ago, the production numbers where going to be for the LaNina & covenant wells only, and guestimates flying around the board where upwards of 50-70BPD, FOR EACH WELL. Now we get a PR stating an increase of appx 50BPW for the entire field. They better turn the pressure up to volcano producing levels to meet smiths mis leading statment about "adjacent wells" producing 100BPD.
I am not at all impressed and happy to have no shares. Bakken shale oil deal could also very well be a bag of snakes for the share holders.
"The spinoff is also expected to enhance access to financing by allowing the financial community to focus separately on each business. As well, with the Ruby Mine now entering the production phase of its business plan, the Company believes that our mining projects in Canada, some of which are also close to the production phase, are being completely ignored by the market and similarly undervalued."
News release
"close to a done deal" is a totally meaningless statment when it comes out of Smith's mouth.
The rework results from a couple of wells "will be announced soon", and that was how many months ago??? And has been spun by smith the same way 2-3 times since the announcment, and still no numbers...
Keevle HAS FAILED for the past 6 years. Now we will see what Mr. Ward (appointed appx. 9/19/13) as a board member and new CEO can do?? It’s been almost 4 month's now, and not a word from him so far… By the way, Mr. Ward has accomplished exactly NOTHING in a very long time of being ceo of another company affiliated with SRSR as a jv partner.
Not one single PR in 4 months. Not even a greeting to share holders. You would think that he would at least announce the possible placement of a statue of the acclaimed/retired Keevle in front of the office.
Malc, this outfit has LOTS of gold ounces per ton to mine. And highly experienced managment + all new equipment and cheap labor force.
All depends on the price of gold with this stock. I have been in and out of this stock occasionally for the last 5 years. Presently back in again.
Nothing but a paint job. Will be back down tomorrow for certian.
Will do.
Guess what ladies/gentlemen. I recieved a call from the SEC on Friday regarding the complaint that I filed A month or 2 ago. I AM going to try to get them to take action on this company.
All you have to do is read the news releases going back to & thru July 29,2013 to realize that something is WAY out of line here.
It has been 4 1/2 months since the completion of the symbol change was to have taken place. AND STILL NOTHING. Transfer agent still has not notified the brokers regarding this supposed deal.
I smell SCAM big time.
"The information contained on our website or in any of our newsletters should be viewed as commercial advertisement "
Todayspickis ??? Certianly not the most well known news letter/emailer
How are you Bruce? My best guess is around .0027-.0028 and I think it will take a few more days to leak it's way back down to that level.
Support looks like .0024-.0025 on the bid, but getting shares on the bid will be tough.
Just my opinion.
PEII performing as expected this morning so far. Dilution machine still engaged. Next, Floyd will put out another garbage PR, just like all the rest for the last 6 months. Trading stock only.
I just off loaded for a small profit. This ceo is not to be trusted. Past experience with unfullfilled statements in PR's, ect.
Just let it drop back some more on dilution, then MAYBE buy back in.
Christina V. Thanks for your good DD. All likely true. I will not be able to respond further, because I HUB has restricted me to no more than one post per day on this board. For negative comments regarding this stock.
Keep up the good work on this POS.