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TGB cashflow
Earning for TGB was about 8 cents whereas the cashflow was about 20 cents....I think you were stating the cashflow as 8 cents cl001.
Delta bankruptcy
Mike is GACF a secured or unsecured creditor. I have previous experience with bankruptcy but 75% is quite high for unsecured creditors. Most unsecured creditors I've been around only get 30-50% of their receivable. I could see bondholders(secured) getting 75% though.
tgb Digitech
Plus they have a bunch of moly and cu inventory that didn't get on the ship to be sold at the end of last quarter and will be sold this quarter....shapes up to be a good quarter.
DECT short
Ameritrade and Interactive Brokers won't give me shares to short at 7.65
re:TGB
I think Digitech that it won't be a great reporting quarter (Sept. 06)....it'll just be OK. Volume of Cu will be down from last quarter (last quarter had a bunch from inventory) and they still have lots of expenses that will disappear soon (drilling and consultants for new property). The Dec. quarter s/b very good, but you never know with this company.
o/t:oops wrong board
sorry all, too many tabs opened
NNAN.ob working with halloysite....
issued this release today.
http://biz.yahoo.com/bw/061128/20061128005431.html?.v=1
Digitech: re TGB
Those estimate of EPS of 64 cents was that in CDN or US$?
It's been one full yr. since they have been in production and they've had to get a lot of "kinks" out as they are working with old equipment but Ledcore use to run the mine on TGB's behalf. Now TGB has bought out Ledcore and planted their own mgmt to run the site with a very experienced individual (Hallbauer?) who had a load of experience with Teck.
TGB is still a high cost producer but they are reducing costs and increasing production for 2007. We'll see if they can execute their plan. Plus we'll see how far along the Prosperity property (with 9 million ounces of gold)is, the updated feasibility s/b completed soon.
Wade re:HSOA
I don't have dog in this fight but the Fireline acquisition sure puts up alot of red flags....instead of trying shoot the messenger perhaps you should investigate or perform more due diligence on the mgmt of Fireline.
TGB
Digitech with TGB they have a huge overhang of warrants and options that will expire by Sept. 29 as all are in the money...I think it's in the range of 7 million shares in total. After that date it should be clear sailing but I agree there has been a lot of positive events surrounding the company. Next year they have a chance to get approval of the gold mine in British Columbia. We just need for the price of commodities to hold firm.
BTW thanks for the info on Barron Partners
Wade: re GACF
Are the Barron Partners still involved with GACF because someone is relentlessly selling the stock...I think they held 7 million shares initially.
OT: Interactive Brokers...Australia
JTomm the only exchange I have access to within Australia is the Sydney Futures Exchange.
Wade re:GACF
Is the institution selling possibly Barron Partners or have they disposed of all their shares. Plus they still have all those warrants at $1.36...I thought they were all gone but I looked at their powerpoint presentation and surprised that the warrants were still kicking around.
TGB predictions:
Worthylion some knowledgeable posters on Yahoo have predicted a range of 12 cents to 16 cents CDN from operations for TGB.
I think you'll hear on the CC that they've hedged their copper production. At the current price of copper, they probably would've made around 18 cents CDN for this quarter(Apr-June) but I expect they've hedged so it will be less than that. I guess we'll see on Thursday.
Thanks Wade for ALMI
The nano clay that keeps giving....somethings up over there.
Gilead: Interactive Brokers
I'm relatively happy with them as the commissions are reasonable...I guess the only thing is you have to subscribe to each market. For instance I have 1 stock on the London Stock Exchange and a couple on Toronto. I have to pay a monthly fee (I think $10) to get real time for the LSE and I have to pay a monthly fee for the TSE real time quotes. I believe the US quotes are free but may have to pay for Level II. I use the ameritrade acct. to trade US stocks.
Thoughts on 10K
There wasn't anything to expect from the 10K. We know that this company's growth and rev's is going to be from the sale of clay to the nano tech people.
The timber and contracting is a source of rev's but we expect they will be immaterial when they start to sell the clay. But they help pay the bills.
They put Dr. Price as the head of the nano division and he's the right man for the job. Give him a chance to expand possible avenues for the clay and hopefully we'll all be rewarded. Good luck to all
PDGE hearing:
If this is their first time in front of AMEX board....won't they get turned down because they don't meet the price minimum. Then PDGE appeals....or is this the appeal process going on today?
Great News
Now we have a guy on board with thorough knowledge of the product and the potential....he can deal with NNAN and more importantly he can sell the product to larger companies. In fact I could see a "big" company buying the whole mine once he shows the world the potential of the clay, because the "big" company wouldn't have to worry about it's supplier. Better yet they may buy the whole company.....JMHO.
Doubloon:
I can't reply to you here as I have only a basic membership, can you send me another private email with an email address where I can send you a reply to your question.
Thanks
MDF: Where is the bottom
Death, everyday that goes by they are potentially adding to their HMO membership, I like to be able to hold a stock for a year and hope this is the bottom. Their MER ratio can be fixed over the year and I'm banking on them to add membership.
Death, it depends on your investing style and how much risk your willing to assume. Are you going to wait until they hit 4000, 6000, 10,000 members or wait for other signals to make it a buy, everyone is different and I see this as my buy signal.
Wade: GACF
Did you see that GACF filed an amendment to the 10Q for Sept. 05. I think it had to do with all the warrants that are/were recently being sold. The old fully diluted EPS was 5 cents but now it's 6 cents....break out the champagne....a 20% rise.
CDN$ vs US$
I think it use to be that when the US$ sneezed the CDN$ caught a cold....
Because CDN manufacturers weren't as "productive" as US producers...the lower CDN$(especially when it was at 75 cents) helped them in exports. As the CDN$ rises it hurts the exporters and slows the GDP in Canada, I think the last forecast I saw was for a slowing of the CDN economy due in part to the CDN$ rising.
Have to ask Nutsaboutgolf(I think he's CDN) what the lastest est. of GDP growth are up there but the last one I saw in the Globe and Mail was less than 2% aniticipated.
EZM up with no news?
Isn't it easily explainable that copper is up 6 cents from the Friday close and the gold and copper stocks on Monday closed up higher in Canada (makt was open there) with the increase in commodity prices.....doesn't address your "gap" but sure seems plausible.
Wade price prediction on: GACF and TGB
Price appreciation by end of March???.....can't drink the Kool-Aid here...maybe by Sept....hope your right though.
Wade re: TGB
Hope you listened to the conference call on the 1st quarter...very positive (as most CC are) but they outline cost cutting, increased production, on going Prosperity(huge gold mine) status....hope you get a chance to listen, you'll be impressed.
TGB results:
The production costs Research, the $1.33 predicted by the company is "net" with the rev. from Moly.....have you factored this in with your calculation?
TGB posted numbers on Sedar
In CDN$ they posted a gain of 6 cents vs a loss of 6 cents last yr.
My source of information is from the message board as I can't get into Sedar tonight for some reason.
CFK: Tough day to be a shareholder
Any news to account for the decrease?
Wade re:TGB
I have a few shares and intend to hold on but I'm not to concerned about the Dec. numbers because I typically invest in equities that I can get the long term capital gains rate and I'm a few months away from that. This stock has too many positives going for it (Cu up significantly, increased reserves, potential huge gold mine, increase production, etc) I'm more concerned about the price of copper over the next few months.
By your past postings I think we have different investing styles and time horizons...but that's not a bad thing so I don't feel comfortable in advising you....good luck whatever you do.
Wade re TGB
I expect somewhere around 7-10 cents before taxes (they will probably have some deferred taxes) for TGB earnings but I think the market is more concerned with Prosperity(gold mine with 6.5 million oz gold)updates. At the current stock price slightly over $1.90 the gold hasn't been factored into the price of the stock. The other concern is the price of copper which seems to be cooling off. We need for the chinese to keep building and building.
Wade from GACF.ob prospectus
Looks as if Barron Partners are getting out if they can get rid of all these shares and warrants.
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OFFERING
Securities Being Offered 20,358,215 shares of common stock (1) and up to 10,868,234 shares of common stock upon the exercise of all warrants (2).
(1) 9,600,000 shares of common stock were issued to the selling shareholders, Barron Partners, pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933,7,200,000 shares of common stock were issued to selling shareholder Barron Partners on July 27, 2005 upon the exercise of $.68 warrants and stock issueable upon exercise of such warrants pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933 on May 31, 2004, 399,000 shares of common stock were issued to selling shareholder JG Capital on September 20, 2005 upon the cashless exercise of a $.34 warrant representing 501,000 of 720,000 shares of common stock (discounted to 399,000 shares upon a cashless exercise) issueable upon exercise of such warrants pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933 on September 2, 2004, 22,812 shares of common stock were issued to selling shareholder Grushko on September 14, 2005 upon the cashless exercise of a $.52 warrant (discounted to 22,812 from 31,731 shares upon a cashless exercise) issueable upon exercise of such warrants pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933 on September 2, 2004; and 21,017 shares of common stock were issued to selling shareholder Heza on December 27, 2005 upon the cashless exercise of a $.52 warrant (discounted to 21,017 from 31,731 shares upon a cashless exercise) issueable upon exercise of such warrants pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933 on September 2, 2004 . All of the 16,800,000 shares of common stock owned by Barron were sold by Barron in a private placement to Qualified Institutional Buyers CEF, CRT, CLS, DOFS, DI, BA, BDSM, Loeb, Triton, JMG, BOFS, BWP, DONS, BP DP, SPCOF , SPCF and AHFP. A total of 2,115,386 shares of common stock were issued to selling shareholders as follows: Whalehaven Capital Fund Limited ("Whalehaven") 288,462 shares; Stonestreet Limited Partnership ("Stonestreet") 384,616 shares; Alpha Capital ("Alpha") 1,250,000 shares and Greenwich Growth Fund Limited ("Greenwich") 192,308 shares pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933. 1,000,000 shares of common stock were issued to selling shareholder Ralph Garcia pursuant to a private placement under Rule 506 of Regulation D of SEC Act of 1933 as partial compensation for the acquisition of World Jet Corporation.
(2) Warrants entitling the selling shareholder Barron Partners, JG Capital, Inc., Alpha, Stonestreet, Whalehaven, Greenwich, Heza Holding, Inc. and Grushko & Mittman, P.C. to an additional 10,887,865 shares of common stock upon the exercise of such warrants as follows: Barron Partners - warrants to purchase 7,200,000 shares of common stock at an exercise price of $1.36 per share; JG Capital, Inc. - warrants to purchase 219,000 (instead of 321,000 shares due to the discount of 102,000 shares for a cashless exercise of warrants) shares of common stock at $0.34 per share, 95,192 shares of common stock at an exercise price of $0.52 per share, 540,000 shares of common stock at $0.68 per share, 47,597 shares of common stock at $1.00 per share, and 587,597 shares of common stock at $1.36 per share; ; Alpha- warrants to purchase 625,000 shares of common stock at an exercise price of $1.00 per share and 625,000 shares of common stock at an exercise price of $1.36 per share; Stonestreet - warrants to purchase 192,308 shares of common stock at an exercise price of $1.00 per share and 192,308 shares of common stock at an exercise price of $1.36 per share; Whalehaven - warrants to purchase 144,231 shares of common stock at an exercise price of $1.00 per share and 144,231 shares of common stock at an exercise price of $1.36 per share; Greenwich - warrants to purchase 96,154 shares of common stock at an exercise price of $1.00 per share and 96,154 shares of common stock at an exercise price of $1.36 per share; Heza Holding, Inc. - warrants to purchase 15,865 shares of common stock at an exercise price of $1.00 per share, and 15,865 shares of common stock at an exercise price of $1.36 per share; Grushko - warrants to purchase 15,865 shares of common stock at an exercise price of $1.00 per share, and 15,865 shares of common stock at an exercise price of $1.36 per share. All warrants are subject to a cashless exercise option at the election of the warrant holder if the shares issueable upon exercise of the warrants are not registered at the time such warrants are exercised.
(3) The amount of shares issued and outstanding will increase up to a maximum of 49,333,080 upon the exercise of all warrants. The amount of issued and outstanding shares includes 1.5 million shares of common stock issued to Seajay Holding which have been voided by the Company and for which the Company has filed a lawsuit against Seajay Holdings seeking a court order for the return of the 1.5 million shares (See "Legal Proceedings" section).
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This explains the 6 million in shares that were traded a couple of days ago.
GACF.ob....Wade I use Yahoo finance page
Then I get to the SEC filing through there and you'll see some filing dated Feb. 9th.
Wade check GACF.ob SEC filings
They filed yesterday a prospectus....can you enlighten us as why they did this?
deathtotaxes re:IB
I also don't know the answer to whether Interactive Brokers will allow shorting of OTCBB stocks.
bobwins re:Interactive Brokers
I finally had the guts to trade on IB, after going through the tutuorial a couple of times. I had to buy a stock on the London Stock Exchange and I did that this morning. Then I had to buy some Pounds (Sterling) to complete the transaction.
The workstation is relatively user friendly but it was a little bit nerve wracking for the first time and I called the service desk a couple of times to ensure I wasn't going to disturb the world currency markets.
Bottom line, I would recommend it to anyone wanting to trade stock on another exchange.
What's up with GACF
Volume around 6 million shares....please don't let it be Barron Partners
TGB estimate Wade:
There was a couple of people who ran the numbers a couple of weeks ago on the Yahoo board and the conservative est. was 33 cents for the year with copper at 2.05 avg for the year and this was without the inventory of 10 million lbs that didn't get shipped at y/e. It was est. the quarters would go 10 cents, 8,8,8 for the year including the inventory from last yr.
The sensitivity analysis for the whole year was that for every penny above 2.05 for the price of Cu the EPS would rise 0.006.....don't take this to the bank as it came from a message board. The quoted avg. price for Cu in Jan. was 2.14
GACF.ob: Hope it stays at this price
I don't want Barron Partners exercising 10 million shares at $1.36....
Anyone watching NNAN
It's going crazy on small volume, there's no stock out there and no MM's