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My guess is that they need tailings that are already processed at this point because I saw nothing in any of their backgrounder info that mentions a ballmill or a roller mill or any similar grinding machinery. As such, the subset of tailings types they will be processing at the outset is most likely the type that is delivered to them already ground up.
Just thinking it thru, so I am engaging in pure speculation.
In any event, that is part of my reasoning in emploring them to co-locate out west. The existing sites out there that already have mills are logically the places to co-locate.
The alternative business plan is to build regional centers, but this plan involves obtaining and setting up the machinery. If you can piggyback on sites already running, all the regulatory hurdles and minutia will be taken care of by the operator of the existing site.
So, at present, my guess is they are receiving ground up rock but my belief is that the best future path will be one where they find existing mill sites and co-locate on them.
All brainstorming, mind you.
Imperial Whazoo
Anyone know what happened in the last few minutes today?
Volume came in like a flood the kast 4 minutes.
Imperial Whazoo
You got that web link? I want to go look at it.
Thanx
Imperial Whazoo
Well I think it is a good mineral category for RAPT to target.
Here's an idea: I keep alist of rare earth companies on my trading platform so I can watch them all behave as a group and so I can take advantage of opportunities as they arise.
Look, lets suppose that Moly has tailings piles. Lets also suppose that RAPT technology can extract greater quantities of rare earths than otherwise possible.
OK, so suppose RAPT were to target the rare earth group specifically? Why not go and see if there are tailings piles associated with any of them. It may be that many are aiming at opening mines, but they also may also have piles. Suppose RAPT were to go and deliberately market to these guys?
May not be possible, I'll grant that. May not be feasible. But, it also may well open up to a plateau of possibilities that are not yet under consideration.
Anyway, I think RAPTis showing itself to be quite an excellent little find for me, personally. The story just keeps getting better & better, IMHO.
Imperial Whazoo
Well, I don't mean to sound concerned because I'm not. There is nothing untoward going on here, They just cut a deal with a privately held company. Thats all. No biggie, just a real world fact. Better to have an unknown entity delivering 30 tons than to have none doing so at all.
I just asked, even thogh it had already been said that it had not been found. I was hoping someone had come across something. I do a certain set of things every time I do DD. I have a systematic approach to things and nosing around web sites is part of the work I typically do.
Working my way thru a web site allows me to chase inapparent connections and thats often very telling. Kind of like a picker going thru an old barn. You never know what you are going to find.
Cheers.
No concerns.
I think RAPT is going to make a far greated impact than even the company founders anticipated because rare earths are not easily found in large enough quantities, but if their process can generate some as standard outcome from tailings that contain them in trace amounts, then it follows that the stranglehold China has on rare earths will be less than it otherwise would be.
This is national strategic necessity, and IMHO, if our policy makers make the mistake of loading new regulations on this infant sub-industry, they will hurt our country and damage our liberties. We need to do something to respond to the stranglehold the contol over rare earths excerts. RAPT's technology may not be able to do much right now, but if encouraged and strategically enabled by intelligent policy decisions, then it may be possible to make a dent in the damage already done.
And if.... if..... if.... if wise policy decisions do get done, then obviously shareholders invested right now will see the value of their risky investment here grow fabulously.
Furthermore, in that regulation of tailings pile handling is probably a comparitively under-addressed regulatory area (in comparison to the regulatory environment impeding pit mining and underground mining today), it follows that the faster RAPT moves in ramping up, the less impact future governmental idiocies will have.
Strike now. Do so with speed. Target this new sub-industry to a huge degree in order to get as much done now as is possible, before the darn regulators get rules fabricated that screw things up.
So, IMHO, for that reason too, RAPT needs to enunciate a firm plan and raise funds to zoom forward ASAP.
And lets not forget that ordinary precious metals are going to make a lot of money for RAPT.
I had latched onto the only instance of a public company with a business plan that openly declared that leveraging above ground tailings piles was its strategy. Well, that publicly traded company is well on its way to success. When I came across RAPT and read all the RAPT documentation, I realized that, whereas the other company has a finite set of tailings piles to work with, RAPT had the potential to make the processing of tailings piles a sub-industry.
RAPT has the pick of the litter: inumerable abandoned mines all over. There have to be enough of them in the US & Canada to not necessitate exporting the technology to the rest of the world for a while.
I think one of two business plans needs to be enunciated by RAPT. The sooner the better. Its one thing for them to mention, in replies to questions put to them by folks like heywoody (or others), but a formal statement of intent is needed. It needs to be addressed via announcement, IMHO, and the sooner the better
They can either build regional processing centers or license and co-locate to mine sites. I think enunciating such business intentions is a mission critical step.
Thats my thinking anyway.
In the mean time, I love the 30 tons of delivered. Excellent.
The need for a formal expansion plan that is not Florida bound does not take value off the table in regards to things like the 30 tons that was just announced. Its excellent and very welcome news.
Well done RAPT. Nice news.
Imperial Whazoo
Thanx for that, but what I was looking for was a web site.
Imperial Whazoo
He gsfl - You watching the silver spot prices tonight? They are working themselves steadily up. Nosing higher and higher....
l8r
Imperial Whazoo
Excellent PR, folks!
And I love their web site. Very well done. Attractive.
Say,one question: Has anyone found the company they have a contract with? Its in Utah, according to earlier PR info, but I've drawn a blank on it thusfar. Its called Washoe Custom Processors, LLC. My intent is to go to Washoe's web site and nose around. Anyone able to dig it up?
TIA
Imperial Whazoo
Hi -
Does anyone know the link to the web page on this one? I did both Bloomberg & yahoo finance and came up blank.
TIA
Imperial Whazoo
I did a little poking around based on the article & everyone needs to benefit, so here's what I dug up.
1st, a text snippet from the 10K that references Nautilus Minerals (NUSMF.PK):
"Also, with the recent mining license issued to Nautilus Minerals, another deep-ocean mineral exploration company operating in the South Pacific, there has been significant attention being given in this relatively new emerging industry. "
The 10K is here, BTW:
http://www.sec.gov/Archives/edgar/data/798528/000119312511049873/d10k.htm#toc135740_2
Anyway,next, I went ti the Nsutilu Minerals web site and looked at news:
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=449316
Under the heading PNG Government Confirms Investment in Solwara 1, dated 3/29/11, find the following:
Look man, yesterday it was a specific timestamp on voulme that was gonna happen. Today its news that ends the present sideways price lethergy. Why do I feel I'm being conned?
Do as you please, folks, but count me out of any given stampede that is influenced by such predictions/prohecies as the above two.
You may be spot on, friend, but as for my enlisting in the ranks of those following the expectations enunciated in them, you will just have to look back at me standing on the platform and waiving with a wan smile on my face as your train pulls out of the station.
Best to you, man, but you have to be a fact guy and/or a chart guy to catch my eye.
Imperial Whazoo
EDIT: and also, I'll come back and post I was wrong in saying I feel conned if it turns out that I would have been better off boarding the train too. So, look for me saying "My bad" in a big hurry if my hesitance in shown to be unwise.
I was intending to take these 2 docs and compare them side by side.
This is last year's link:
http://www.sec.gov/Archives/edgar/data/1464830/000109181810000114/sfmi03311010k.htm
and this is this year's link:
http://www.sec.gov/Archives/edgar/data/1464830/000109181810000114/sfmi03311010k.htm
and here is what I set about to do. I asked a simple question:
Are shareholders better off this year than they were at this time last year?
The way I approached answering the question was this:
(A) I displayed on the left monitor of one of my multi-monitor trading PCs the 10K from this time last year.
(B) I displayed on the right monitor of this multi-monitor trading PC the 10K from this year, which was just released on Friday.
(C) I compared parallel sections from the two years side by side and I cut-n-paste where needed to prove whatever conclusions a side-by-side comparison forces on us.
If the comparison was good for folks who think SFMI is better off this year than last year, I added to a running score card I was keeping and incremented the GREEN counter. If the comparison showed that those who think SFMI is worse off this year than it was last year to be correct in a section, then I incremented the RED counter. If neither gets the nod, then neither GREEEN nor RED got incremented.
I got it done, but only barely. SFMI released after market Friday, and I planned to post Sunday so that everybody had time to digest my lengthy post, but that failed because my water heater gave up the ghost, all over my hard wood floors. I was late Sunday.
Anyway, SFMI is far better off this year, as comparing the two years side by side shows.
It not even close to being true that SFMI, in this year's 10K, is as much a mess as it was last year. It was a big mess last year. Its still a mess but far, far, far, far, farless so today.
The task of reading and re-reading both documents was big, but instead of just a reflexive answer, my thought was to read them and compare them side by side. Compare SFMI in its 10Ks side by side.... and ask a simple question about each part of the two documents: does this year's 10K show SFMI tobe better of?
The answer is a resounding YES!.
I'll post an example from the post that I think is particularly important to SFMI going forward, but which I'm sure nobody else has noticed.
Basically, it is this: SFMI is no longer going to be using shares to pay for services.
Here is my comment on this from the post
Hey.... I want to ask everybody a question.
Which would you guys rather be doing..... arguing about SFMI or dealing with a burst hot water heater that has ruined your hard wood floors and forced you to shower in the cold until the plumber gets it fixed?
:o)
That said, lets talk about SFMI.
Specifically: let me ask this question:
Are shareholders better off this year than they were at this time last year?
Seems a fair question. A lot of folks are in a shoot-out over SFMI this weekend, and my guess is that the faction that is hunkered down and holding long is probably pretty discouraged.
It's easy to be discouraged, folks, but I'm telling you: If you can stomach wading thru one of my posts, you needn't rush to the conclusion SFMI is worse off than it was last year.
I put together this post to demonstrate that the evidence that SFMI is FAR FAR FAR FAR better off this year is undeniable.
I hate having to be so long, but I can see no other way to win this argument.
But, like I said, I will do this in a systematic way.
So here's what I'm going to do:
(A) I will display on the left monitor of one of my multi-monitor trading PCs the 10K from this time last year.
(B) I will display on the right monitor of this multi-monitor trading PC the 10K from this year, which was just released on Friday.
(C) I will compare parallel sections from the two years side by side and I will cut-n-paste to prove whatever conclusions a side-by-side comparison forces on us.
If the comparison is good for folks who think SFMI is better off this year than last year, I will add to a running score card I will be keeping and increment the GREEN counter. If the comparison shows that those who think SFMI is worse off this year than it was last year, then I will increment the RED counter. If neither gets the nod, then neither GREEEN nor RED gets incremented.
So, here are the two links, so folks can play along at home (like Charades!! LOL)
This is last year's link:
http://www.sec.gov/Archives/edgar/data/1464830/000109181810000114/sfmi03311010k.htm
and this is this year's link:
http://www.sec.gov/Archives/edgar/data/1464830/000109181810000114/sfmi03311010k.htm
OK then, lets get started.
The question I'm asking is:
Based on the 10K that just came out, is SFMI worse off this year than it was at the time of the same 10K last year?
The first relevant issue that shows up in both 10Ks is the section on employees.
Last year -
“Employees and Consultants
At December 31, 2009, we had two employees. “
This year -
“Employees and Consultants
At December 31, 2010, we had 21 employees. “
OK, so SFMI has grown into an employer of 21 full time employees. Thats relevant, impressive, and it means that GREEN gets incremented.
GREEN 1
RED 0
Next, in both last year and this year, we come to a section entitled “RISK FACTORS”, of which there are 16.
Lets compare them one at a time.
-1-
This year:
We Have Minimal Revenue To Date From Our Mining Properties, Which May Negatively Impact Our Ability To Achieve Our Business Objectives
Last year:
We Have No Revenue To Date From Our Mining Properties, Which May Negatively Impact Our Ability To Achieve Our Business Objectives
OK
Last year they had “NO REVENUE” and this year we had “MINIMAL REVENUE”.
AS such, is SFMI better off this year than last year or this year?
Obviously, SFMI is better off this year.
GREEN wins again.
GREEN 2
RED 0
Next, there is some boilerplate which is identical in both 10Ks, but there are 7 in this section items that do differ year to year, and in each case, SFMI is far better off this year than last.
The seven are:
1. SFMI began processing tailings left over from prior mining activities
2. SFMI shipped the first load of concentrate to a refiner
3. SFMI received a small amount of revenues
4. SFMI moved a significant quantity of tailings to the milling site
5. SFMI continued processing tailings through the winter
6. SFMI is stockpiling concentrate, rather than shipping it to a refiner, and PM prices are rising
7. SFMI is finishing building its own smelting operation
Score:
GREEN 9
RED 0
-2-
The contents of this section, for both years, is the same. Accordingly SFMI is no better off this year than last year.
-3-
This year:
We Have a Limited Operating History as a Mining Company, Which Makes It Hard To Evaluate Our Prospects.
Last year:
We Have No Operating History as a Mining Company, Which Makes It Hard To Evaluate Our Prospects.
Now obviously, LIMITED OPERATING HISTORY AS A MINING COMPANY (this year) is better than NO OPERATING HISTORY AS A MINING COMPANY (last year).
GREEN 10
RED 0
There is another rather minor item found in this section that shows SFMI to be a bit better off this year than last:
SFMI recently hired a president who has substantial experience running mining operations for other companies
Score:
GREEN 11
RED 0
-4-
The contents of this section, for both years, is the same. Accordingly SFMI is no better off this year than last year.
-5-
Shareholders May Suffer Dilution From the Issuance of Common Stock and Convertible Notes To Finance Our Operations
The above is the heading in both 10Ks, but the two years differ.
Last year, SFMI “issued an additional 71,986,613 shares, largely for services, rent and acquisitions” and this year, SFMI “issued an additional 116,756,429 shares, largely for services, rent and the conversion of notes”
So, this year, they DILUTED, issuing 44,769,816 shares more than last year. RED gets this round.
Score:
GREEN 11
RED 1
The exposure to convertibles this year increased in dollar amount but decreased in share size I personally think this is negative, so I'm giving it to RED.
Score:
GREEN 11
RED 2
OK, but here's the key detail in this section: “We have recently entered into an equity line of credit with Centurion Private Equity, LLC, under which we are entitled to raise up to $7.2 million...”
No need to argue this one.
Score:
GREEN 12
RED 2
The agreement is on an as needed basis favoring SFMI, and Centurian is OBLIGATED to purchase shares. This year's 10K says the following: ”Centurion is obligated to purchase our shares pursuant to put notices that we send from time to time at a purchase price equal to 97% of the market price of our common stock...”
Score:
GREEN 13
RED 2
-6-
We Need Additional Capital To Finance Our Mining Operations And We Expect To Obtain It On Terms That Dilute Existing Shareholders
In both 10Ks, SFMI says it will need to raise additional capital. Last year, the said they would need 2.1 million. This year, the plans they have will need 7 million.
Now, last year, this is how SFMI put it: “ We expect to obtain that capital by issuing notes that are convertible into common stock at the market price on the date of issuance of the notes, or are repayable in gold mined from our site, or the issuance of shares to the extent we need services and the service provider is willing to accept shares in payment.”
This year, SFMI has a 7.2 million line of credit and this section makes it abundantly clear that they will NOT be paying for services with shares.
Now folks, nobody out there discovered this very important nuance. SFMI is out of the "shares for services" business, and what this means is that the sellers who have to convert shares to meet their own financial needs are a thing of the past!!
So, I'm scoring this as GREEN incremented twice: once because SFMI is a solid enough company to not have to pay people in shares any longer, and a second time because service providers have had to sell their shares in the market, which obviously damps down share prices, so reaching the point where services will not be being paid for by shares is a milestone.
Score:
GREEN 15
RED 2
-7-
This year:
We Have A Very Small Management Team And The Loss Of Any Member Of This Team May Prevent Us From Implementing Our Business Plan In A Timely Manner; Some Members of Our Management Have Substantial Outside Business Interests.
Last year:
We Have A Very Small Management Team And The Loss Of Any Member Of This Team May Prevent Us From Implementing Our Business Plan In A Timely Manner; Our Management Has Substantial Outside Business Interests.
SFMI is better off this year, according to this part of this year's 10K because last year, all of their management team had substantial outside business interests. Not so this year.
Score:
GREEN 16
RED 2
And, last year, SFMI has 2 executives. This year, they have 5.
Score:
GREEN 17
RED 2
-8-
Our Officers And Directors Have Voting Control Over Us, And Outside Shareholders Will Have Little Voice In Management.
This one goes in REDs column because, in the last year, SFMI has become even more controlled by the Quilliams than it was before.
Score:
GREEN 17
RED 3
-9-
Our Directors Have A Material Conflict of Interest With Respect To Our Mining Lease With GoldLand.
I'd like to score this one against SFMI, but since the question is whether SFMI is better off this year than last, I have to say that, with no difference year to year, it is a wash.
-10-
Our Directors Have A Material Conflict of Interest With Respect To A Royalty Interest In The Sinker Tunnel.
I'd like to score this one against SFMI, but since the question is whether SFMI is better off this year than last, I have to say that, with no difference year to year, it is a wash.
-11-
We Have Substantial Commitments That Require That We Raise Capital.
The bean counters are the experts here.
That said, I see the following, but I could be wrong:
This year, they have 100 times the cash on hand, 8 times the current assets, 1 million less in current liabilities, and they had a working capital deficit last year that was over 2.5 times larger.
As far as I can tell, SFMI is better off this year than last in this section.
The bean counters can argue about it, and they may be right if some of them say I'm wrong, but as I look at things, SFMI's overall financial situation this year is much stronger.
Score:
GREEN 18
RED 3
-12-
The contents of this section, for both years, is the same. Accordingly SFMI is no better off this year than last year.
-13-
If We Fail To Maintain Adequate Insurance, Our Business Could Be Materially And Adversely Affected.
This year, SFMI notes that they are carrying general liability insurance, whereas last year, they carried none. As such, SFMI is better off this year than last than last.
Score:
GREEN 19
RED 3
-14-
The wording of this section, for both years, differs slightly, but the differences refer to future possibilities and do not impact either current year. Accordingly SFMI is no better off this year than last year.
But, at this point in last year's 10K, there was a section entitled “Ther is no market for our Common Stock”
SFMI got uplisted last year. Thus, SFMI is FAR better off this year in this regard than it was last year.
Score:
GREEN 20
RED 3
-15-
The contents of this section, for both years, is the same. Accordingly SFMI is no better off this year than last year.
-16-
The contents of this section, for both years, is the same. Accordingly SFMI is no better off this year than last year.
So, the final score is:
GREEN 20
RED 3
-----//-----
I have to end this, folks.
Happiness all around, LOL
I had intended to work thru the entire 10K, but as I mentioned, I had a little wrestling match with a hot water heater, and the hot water heater won.
:o)
I think it would come out pretty much the same if I were to find time to do the rest, though.
After this kind of section by section comparison of the two 10Ks, I feel 100% comfortable telling everybody that, no matter what has been said to the contrary since Friday when the 10K was files, I like SFMI more today than I did on Thursday.
But I don't give investment advice. I personally know where I think the bottoming process will take us tomorrow. I am camped out in the tall grass, waiting to buy bigtime. But if anyone got so discouraged by all that was said since the Friday release of the 10K that you feel SFMI is a bad investment, I wish you peace and good fortune, my friend.
As for me, I am enthused by the 10K.
Bigtime, too.
I read it and I like what I saw.
Now to be fair, if I had the time to do the rest of the analysis I'd intended before the water heater blew, I would criticize SFMI for the failure to file all those Form 3, 4, & 5s. That is just inexcusable. I hate suits, and these yuk yuks have no excuse for the missing 3', 4's, & 5's. Looks orchestrated to me, and that makes me wonder why.
But even with the bad behavior as regards filings, I still remain convinced that SFMI is a tremendous opportunity and that, on a risk adjusted basis, the 10K that was just released Friday shows them to be miles and miles ahead of where they were last year.
And one more thing, folks.
The adjusted 10K last year was filed on 4/7. Look at what this stock did in the next 5 weeks. In 5 short weeks after the filing of last year's 10K, which showed SFMI to be significantly weaker than it is today, the share price exploded five fold.
Bear that truth in mind tomorrow morning as you contemplate selling your SFMI shares.
Peace & good luck to everybody,
Imperial Whazoo
That is correct. There is a shortage of low sulfer deisel
This is due to Libya. Their oil lent itself to the refiners making low sulfer deisel. They are out of the loop indefinately and there is no supplier able to provide adequate replacement supply. As such, the byproduct (low sulfer deisel) is unavoidably going to get more and more scarce.
So here we have JBII stepping in with an ability to gen up low sulfer deisel.
I noted to myself early on in my educational process as regards JBII, that one good aspect of working with plastic was that it had already been thru the refining processes. The stuff taken out when plastic got first created meant that bad stuff was already missing from the plastic JBII processes.
Hence, low sulfer deisel.
Imperial Whazoo
No prob.... I just sit here dumbfounded at times. Sure this is a risky little company, but at some point, good decisions management is making need to granted as legitimate examples of good decision-making.
I attended all kinds of trade shows. The fact JBII is a speaker is major.
The fact it is regional is logical.
If they are liars, then the industry will sit in the auditorium where the talk is given and they will all be duped by a liar who is so bold that he stands up and makes a big deal of something he knows is a lie.
In all my years of attending trade shows sponsored by recognized expert trade organizations, I never once saw such a piece of open crookery engaged in.
I would think that, if this company is now able to confidently make its work known within the experts in its industry.... experts who are regional neighbors and with whom it can be logically extrapolated they often cross paths....
...in that the company is now "coming out" in public, as it were, it frankly stretches credulity, IMHO, for it to be constantly contended that this thing is just an elaborate scam.
If this is a scam, and he is going to stand up in front of regional associates in his industry and spend his time and theirs weaving an elaborate lie, then he is one ballsy scam artist.
This is still a company that could fail or run out of money or some such. But by coming out in a reginal convention, and by speaking publicly on the technological aspects amongst those with whom they are neighbors, there is a lot to the idea that the time may be getting short during which shares will remain this low priced.
And in my opinion, it further discredits the notion that what we have here is just an elaborate scam. Still could be, I guess, but if it is, the JB is one "in-your-face" scam artist.
Thats my opinion, anyway. I'll grant I do not know for sure, but I look hard and long at the high risk stinkies I put money into. I see the paucity of info and I hear the caution of chemists who say that this has to be invalid chemistry, but then I see them coming public and I can not see how they could do this talk unless they are at a point where they are ready to put the technology on the map.
I want them to do it. I could lose a chunk of change if they are liars. But the fact remains that, in the very reality they are speakers at this regional trade show, I find the above points to be logical, and I feel more confident than before that I've not placed my money into a bag full of holes by investing in JBII.
Don't take my observations as investment advice. I'm not telling anyone to buy shares. Or sell. But I still think the regional trade show thingy is a good development and I felt I needed to point out why.
Imperial Whazoo
Well said. Anybody who, like me, ran a company that had booths at conferences, needs to take a realistic view.
When you buy a booth (or rent it.... but buying one is more presentable), you have to keep it yearly fresh. Costs money.
You have to generate printed and software materials & advertising doo-hickies & thingamabobs...... costs money.
You have to staff up with attractive people to smile and draw people into your booth environment.... costs money.
And most important, you need to staff up to make repeated follow-up sales calls and sales pitchs to those who showed interest.
Now, this makes it logical that this little company would NOT go to a San Francisco show. The idea that they are doing it in their geographical area is EXCELLENT manegerial business common sense. You don't even need to be as smart as the average village idiot to realize that it would be all but impossible to follow up on a big portion of the leads you might get out of a San Fran show when you are a small outfit in Western New York.
And they are SPEAKERS, primarily. Perfect way to do it.
This reduces the need for the several expense items I list above.
JBII is doing this right.
Keep it local. Keep it regional. And choose to present as a forum / speaker session company rather than a booth company.... this time.
Maybe next year they can grow into the booth world, but as an experienced hand in trade shows, I look at what JBII is doing as evidence of excellent management decision making.
JMHO
Imperial Whazoo
I listen to Bloomberg all day as I trade. Last week, when the black swan event6 happened, the talk went instantly..... as though directed (imagine that, LOL) to LNG. I went and built a list of LNG players and guess what? They are all huge companies. That and partnerships of one kind of another with state funds.
I like the mineral thing. Like, in LNG, there is no small player. No innovator with a "crayon-outside-the-lines" business plan, like RAPT.
There isn't any little guy putting in a mill on the high desert in Idaho to grind up rocks and try to generate income without having to sell the future to finance the present.
Just giagantic behemoths who will control the playing field and, inevitably, force all the ordinary people to cow-tow to whatever the big guy demands in terms of pricing and opportunity.
More power to all the RAPTs out there, trying to do the impossible. More power to every RAPT and every SFMI out there.
Peace
Just a troubled soul my ass.
:o)
Imperial Whazoo
I've heard it mentioned before but it bears mentioning again.
They need to emphasize that they can get to Rare Earths.
t China has cornered the market of all kinds of metals that industrial societies need. And I trade for a living, so I've been making a lot of money trading the rare earths. Just look at REE, MCP, and AVL the last few days.
So, if RAPT can get to these mineralizations, it logically follows that they could serve the interests of the country by relieving some of the scarcity pressure. Old piles which have them in them in trace amounts, but which are too small to have been of interest in the old days, could be of great value today.
I know its been mentioned before, but it is worth re-mentioning.
Imperial Whazoo
Was the conversation subsequent to the recent post about them not having plans outside of Florida?
I was disappointed by the comment about Florida when I read it. I would be delighted to learn that they rethought this. Being so far from the places where old mining activity happened makes the costs of the process go up, in my opinion.
Imperial Whazoo
Well that would be good.
If it were my business plan, I'd create regional sites all over the west.
If they also put in mills and labs and smelters and so forth at each regional, I think they could provide a much needed set of services.
With a 20 acre plot centrally located, they could process piles from all kinds of mines in the region and take a cut of all of the different businesses.
Here is what I see cropping up all over out here in the west:
http://www.stltoday.com/news/national/article_ecdd0f30-32c6-599b-8dda-20a9d4d39b9f.html
There is a mention of waste piles down at the bottom of the article.
:o)
Imperial Whazoo
Say HW -
Did you ask the question of mgmt at any time about whether they were planning to only use the Florida location?
I recall somebody having suggested that a good idea would be to license the technology and co-locate it and that the company said they were not planning to do that. However, I don't recall them ever having addressed whether they intended to have regional sites.
Imperial Whazoo
Hey CC -
Let it rest. Quit accusing me of things like those. They are not true. And they are a waste of time and they are personal attacks.
This is thr RAPT board. I pointed to a company that may be a candidate for RAPT technology, but they have their own board and everything you are saying I am not honest about is fully covered in the iBox of that company.
If I provide you with links over here that answer your accusations that I am not proving what I'm saying about that other company, then what I'm doing is extending the discussions about that other company over to the RAPT board. They have a massive iBox. It oozes links. Go link thru them. You do that and you will be ashamed of ever insulting me because there is nothing I ever said that is not in that board's info box and on the companmy web site.
And anyway, this is the RAPT board. I refuse to post a long bunch of links about that other company over here, especially since its inappropriate and also because you could easily find everything fully answered and fully explained in that board's iBox.
I guess I should have never told anyone over here that a company like SFMI existed, should I?
I guess I should have made SFMI the subjcet over here by replying with dozens of proof links so you got replied to, right?
Why in the world would I ever show intelligent discretion by being careful not to pollute this board with a long bunch of links over here that prove that the dishonest things you are saying about me are fully explained ands answered over there?
No, you obviously know that this is the RAPT board so you can accuse me of being dishonest and and a troubled soul and so forth and get away with it over here because, to answer you, I'd have to discuss SFMI over here.
I happened to know about a company that is working thru a huge supply of tailings piles. Because of the RAPT technology, I brought it to the attention of folks over here. Its kind of applicable. Duh!!
That other company has everything I say 100% covered in a long and complex iBox. I don't need to prove anything in it to you. If you wanted, you could go over there and spend hours reading up on it and you would find that everything I tried to help people over here by telling them is fully covered in that iBox.
They have a iHub board. That board has a dense and very informative iBox.
For example, I told people over here about the 800K tons they assert they have to work with. That is a fact they cover in dozens of places.... PRs, SEC filings, FINRA uplist stuff.... over and over and over. And there is a long iBox over there.
If you can't find that info all over the place over there, you aren't looking very hard. But even so, if I were to prove it to you over here, I'd be discussing SFMI over here. That would be inappropriate and so I avoid it.
Like I said, this is the RAPT board. Go over there and link for hours. You will find that what I've said is proven over there. Discuss it over there. This is the RAPT baord.
Whats the deal? I was trying to help people by telling them that RAPT was on to something and here is the company to dig around in that is an example of a case where RAPT might be useful.
I can tell from HW that he went over there, but did he call me a troubled soul?
Did he screw up on using the SEC/Edgar search engine and come over here and accuse me of being a liar because he failed to figure out how to get the search results he could have found if he'd been resourceful?
You failed and turned around and attacked my credibility. Then someone over there pointed out how to dig it out but did you post back to me: "My bad"? Not hardly.
Did you go to that board's iBox and work all the links or did you call me a troubled soul because I refuse to replicate all those links over here, extending that discussion inappropriately over here on the RAPT board?
I kept it on RAPT over here. If you want the info on that other company, go over there and spend a day reading all the links. There are that many to go thru, and they prove that what I say is true. Instead you just insult me and call me a troubled soul.
Look CC, quit calling me names simply because you lack the resourcefulness to do the work of going thru that lengthy iBox and seeing that everything I'm telling folks is covered multiple times somewhere in that company's iBox and on their web site.
Its not my fault you can't figure out how to do a search on that company on Edgar. I figured it out. You screwed up and found nothing about their SEC status because you are not as resourceful as I am. You found nothing. I found the truth. But the way you do things is to accuse others, so you accused me of dishonesty. But it was your lack of resourcefulness that was the problem.
Whatever.
CC, this is the RAPT board. If people want to look at that company, the iBox for it is exhaustive.
You want links, don't ask me....go over there yourself and link thru every link in that board. You do that and you will see that there is not a single thing I have ever said that is not fully covered over there.
Troubled soul my ass. I just don't like being lied about.
Imperial Whazoo
Well, I was hoping there was that chance with SFMI because they have a very advanced project going on where they are working tailings piles that they think are rich in minerals that were overlooked 100 years ago.
The idea they assert is that a hundred years ago, the miners carved out mine shafts by following along exposed veins. As such, they theorize that the piles of discarded rock that they piled up as the dug along ought to be rich enough to grind up and harvest for mineralization. The assumption is that the piles were from rock that was close to the veins and, applying what you just said, you seem to think that the sponge example would apply.
I am hoping that there are piles all over the US that are from old mining operations and that RAPT can become ubiquitous in the industry. I jumped in entusiasticly because of my investment over at SFMI, but now I'm in RAPT because I see them as being able to harvest tailings piles from all over.
The one thing I do not like is that they are presently requiring the rock to be taken to Florida.
At the start, controls like that make sense, but I do hope they will eventually set up regional shops, especially out west because its a long way from Idaho to Florida.
And BTW, when you say "Oh contrare(?)........ ", I assume you are saying that it could be possible to apply RAPT technology to the 800K piles SFMI is saying they have available and above ground.
Right?????
Oh and another thing, is that you in the photo?
Also, I assumed from RAPT web site readings, that they (RAPT) were targeting tailings that were from cyanide operations. What of this? Which would be the best to work on? tailings piles like at SFMI or cyanided waste piles?
Imperial Whazoo
Lookit..... I told this board I bought a bunch the other day. Of RAPT, that is. I bought RAPT because it did a candlestick called a hammer. Get any Nisan book you like. Or anyone elses candlestick book. Go to the index in the back and find "hammer". Turn to the page where it is described. Read up on it. Figure it out for yourself.
Go to stockfetcher for yourself. I told you all about it, didn't I? You think maybe running various filters against RAPT might be instructive of how various candlestick patterns might, from time to time, be used to tell you when to buy it (RAPT) or sell it?
I do think you are to be appreciated for saying you made a mistake. But then, bear in mind that I am "a troubled soul", according to guy who just posted, so what does it matter that I appreciated it?
:o)
Also, about Nisan. He is not some newsletter writer. The guy who keeps dissing me is just wrong about who he is. Nisan is a former broker with Merrill. Nisan single-handedly brought candlestick charting to the attention of the western world. And since Nisan spearheaded the candlestick revolution over here, it has become the charting solution of choice, BTW.
And his book got me started in it, and because of that, I was able to spot the hammer in RAPT. Already made money on that trade, BTW.
But then.... I'm just a troubled soul.....
True story from a trouble soul, LOL....
A guy I know lost 600K that was being managed by an outfit in Boca. The guy introduced me and indicated I should consider letting the guy do his thing for me. So I went there and I sat in the investment advisor's office and asked the guy what he thought of candlestick charting. This was about 1993 or 1994.
I'd gotten Nisan's original book shortly before then. So I asked him about candlestick charting and the guy looked at me like I was from the planet Zargon.... like I was some kind of troubled soul, LOL. I'm just a bitter guy.... a troubled soul.
As to the copy of the Nison book I have, its the first edition and I can not recommend the later ones becuase I have only that one. I figured you had enough common sense to find the publication date of whatever books Nisan has written since then. Why should I dig that out for you? If you are an idiot, I guess I need to spoon feed everything to you, after I've pre-masticated it, that is. I assumed you weren't a lilly livered light weight and that you'd appreciate my pointing you in the right direction and telling you to dig the rest of it up for yourself.
Just a troubled soul, though. Learned that the hammer is a nice candle. Bought RAPT when it showed up.... Told others to be encouraged by it having happened....
.....but I'm just a troubled soul.
I don't care how my requiring people to grow up and do their own work riles people. It worked for me. Do you think anyone led me to the answers or do you think maybe I ferreted it out for myself?
In any event, at least you have the nads to grant that it was offensive. Thanks for that.
Of course, what possible value is there to a nod of appreciation from a troubled soul like me?
:o)
Imperial Whazoo
Well, its good to know I've been of some constructive effect. Thanks for that. My beef is that I seem to have some yahoo who never misses an opp to be snide or contemptuous about whetever I post. I tell some guy to go to some web site and listen to a program. I tell him why. I recommend a book that is somehere in my house that was useful to me, but I get characterized as lacking for not having looked the links up and done all the homework for him.
I helped with some advice but deliberately left a lot of the work to be done. Kind of like a coach who was making the pupil step up to the plate. The old adage of teaching to fish or just supplying fish. My notion is that, all too often, guys will get their panties in a wad if they have to do any DD for themselves, and I'm not the least bit interested in doing other men's work. And in this case, I wanted to see the character of the person I was helping. I learned, LOL.
That said, I wanted to ask you something about RAPT.
You mentioned in former posts that you are an experienced mining guy, with property in Oregon.
Do you think that the RAPT process is only usable with rock that is different than the rock at the site I keep asking about, SFMI?
I'm not a mining guy. I write software to autotrade. I generate black box trading solutions for people who will pay for them. And I trade accordingly for my own family. But as for mining chemistry, I'm not proficient.
So ,in that regard, I'd like to learn that there is more value that can be gotten out of the rock that is being ground up by SFMI, but I gather from the totality of your posts on the chemistry that the process RAPT uses is probably not usable when the precious mineralization is in the kind of rock being ground up at SFMI.
Thats my conclusion from the net of what you have posted.
Am I correct in my conclusions or am I misunderstanding what you have said previously?
TIA
Imperial Whazoo
If a guy gives you as much help as I did for free, I would not expect the response to be that he is deficient because he did not give you the link to a set of books you could easily look up on your own. You might even be expected to say "Thanks", instead of telling other posters that they are correct in calling the help you were given inadequate.
Why would you to salute when this other poster runs insults of my character up the flagpole, as though not doing all your work for you is some shortcoming??? I gave you a little work to finish out on your own. Obviously, it should be posted that I'm some kind of slaggard.
I can't think of a single reason I should be publicly dissed.
I'm obviously the target of criticisms by the guy who commiserated with you about how I, in his opinion, did not help you enough. You agree with him and diss me in public. I point out the errors in this behaviour, and you ask:
No. I bought mine way back in 92, I think, and I'd have to dig around for you. you're gonna have to do the work yourself.
Imperial Whazoo
Staging baby staging.
Me likey.
:o)
Imperial Whazoo
And you know me. I do the chart thingy on volume. We have it punching to the top at 5.20 as I type. Look left on the chart and the red candle day of Jan 4 has a high of day at 5.221 so it wants to close above that, if today is the punch out day. It punched it out and traveled up to 5.44 earlier today but its now apparently coming back inside the 5.22 point.
I actually think this is nice because it is typical for these to hover like they are staging just below the price they need to break through.
So, watching and wondering.
Anyone..... the 3/9/11 post says the company people at the trade show gave it 4 to 6 weeks. How realistic is that?
Imperial Whazoo
Hi gsfi -
Fancy meeting you here. Looks like great minds think alike. LOL
I happen to like this one a lot.
Imperial Whazoo
Thanks for the pointer to the book with the formulae. I am a geek, LOL. As a matter of fact, I built a database that sucks data down all day long in real time on 500 hand picked stocks and makes real time trading decisions, so having a bunch of formulae would definately suit my needs.
I have a site or two with some formulae, but its always nice to have them in a book. I love books, so I'll check this one out on Amazon.
As to what I recommend to learn to trade, I say to get Steve Nison's latest book and then to develop the daily habit of listening to Tommy O'Brien on the subject of trading volume patterns and fib numbers. I had listened for the last three years almost every day on http://www.tfnn.com/
I do not subscribe to all he does, but there is a central theory of the necessity of timing the trades that governs the way I've come to do it.
And it works, although I need to warn you ahead of time that the basic ideas, while logical, are counter intuitive to a certain extent, which made implementing them hard to become habitual.
Finally, and in my opinion, the most helpful site I've ever employed is http://www.stockfetcher.com/
At this site, which is a subscription site, you get a vast set of fully exampled indicator choices, but most importantly, you get to write your own custom indicators. I generated a set of them that I call my diffies and I use them at night to find candidate stocks for trading tomorrow. At stockfetcher, BTW, I recommmend the more expensive subscription becuase only with it can you create truly complex custom indicators.
So, thats my WORD, for what its worth.
Hope that helps.
Imperial Whazoo
I hope you are right. It put in a delightful hammer yesterday, thats for sure. In a down market, it takes longer than in an up market for a hammer to effect the anticipated reversal. So, I'm watching and looking for what I think will be a bottom having happened, at least an intermediate bottom (not ever going to try to see over the brink of the most current indicators, but I do like trade hammers.)
Imperial Whazoo
SFMI is doing just fine. I'm sure that, unless there is some black swan event like an earhquake, this puppy will be just fine and I'll make a lot of money before the leaves have fallen off of my American Elm tree and I have to rake the massive piles again.
Speaking of massive piles, anyone else see the massive piles in the pictures from the Diamond Creak mill's 20 acre mill site?
:o)
SFMI will be fine. Thats my opinion. So, my thought is this: Just keep reminding everyone that the pictures in this link are the info releases that are being griped about for being missing.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61240100
IMHO, SFMI is brilliantly doing what is in the best interests of shareholders by minding its Ps & Qs.
Building the site.
Oh, did I mention the pictures? LOL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61240100
Just look at the "before" and "after" real world press releases of reality these pictures represent. Not paper and ink that only lets you know there is something worthy going on AFTER the delay that it takes to get it onto paper.
Remember, if you rely on official info and refuse to be persuaded by photographs like these, then by the time the press release gets out and the official impremis gets stamped on the obvious, the race will have already been begun and you will, more likely than not, find yourself sitting in the starting gate wondering why you failed to hear the firing of the starters gun.
The starters gun for beginning to step into SFMI is not the press releases and official filings being griped about for being absent. The starters gun is the pictures proving reality, pictures such as the ones in this link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61240100
IMHO, if you wait for it all to be made official, you will be 3 months late so that you miss the boat and have to chase the stock price after it has already begun to run.
Learn to read a chart and to trust your lying eyes, LOL.
And let me tell everybody what my opinion and my experience in these thing has been: I'm a chart readier. I know there are griper crews out there who wouldlike to spook me into sacrificing my shares at the lows. Thats just the way it is, gang. For heaven's sake, its not a porularity contest out here, LOL.
And If I let guys convince me that the lows we now have endured are going to persist, or get worse, then I lose sight of something I am absolutely sure is the case: I'm not alone in being able to read the chart. Thes folks can read the chart, too.
I know that, despite the gripes of there being too little info realesed, there are players sitting in the tall grass waiting for the effects of the griping to cause the bear rush to begin so they can snarf up cheap shares from all the disappointed longs who finally capitlate in the face of an increasing barrage of griping about "Wheres the sales info? Wheres the proof? Where are the official forms filed to prove that its not a crooked company?"
Thats just the way it always works, LOL.
Well, like I said, I too know where to camp out and sit on the bid. And I want more SFMI too.
So if it gets taken down, a guarantee folks that I'll be getting the shares others are hoping for because I have long been able to trade a core position and I'm deep in the pockets and I fully understand the likely way the cards in this hand are going to soon get played.
Learn to read a chart, folks.
And even more to the point:
Learn to read the true events happening right in front of you, clearly depicted in fabulous pictures just like the ones in this link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61240100
"The Art of War", gang. Understand the enemy and you won't fall prey to his tactics, LOL
Peace.
Imperial Whazoo
I like it that they delayed it because now I'll be able to go.
Imperial Whazoo
I guess that it can thus be said, strike_early, that you struck early.
:o)
As to buying and why I did today, I did so for a reason that was not covered by the prior poster (of course, LOL).
I bought today because the chart pattern was a hammer. I like hammers. If I see one form, I look to see where the Slow stochastic is and if its low enough, I find the cash to step in.
So, I liked the hammer and thought it a good indicator to buy on.
Imperial Whazoo
OK... I think SFMI is near a cycle low, folks. If you buy near a cycle low, my opinion is that you will be able to buy more than you will if you wait. Thats my opinion. Bear in mind that this is not investment advise, but it is my opinion.
And also.....
I am not going to tell folks that SFMI has no right to be called a success because I think it is a success, unfolding in front of all of us.
I spew the idea out of my mouth, like so much vomit, that the only time it is legitimate to call SFMI a success is when it has sales reported because I believe that waiting too long to call it a success will result in missing the opportunity to be in at the best times.
We are sitting at a intermediate chart lows, folks. SFMI has pulled back since the shareholder's meeting, and anyone looking at the chart knows that. Guess what one approach could be? I could tell everybody that this stock is a mess, for all sorts of reasons. After all, SFMI has not told us whats in the piles. SFMI has not done a 43-101. It has not done drilling to define its resources. It has not generated income that it has reported. Telling everybody to be disappointed would be easy, but it would not be honest, coming from me, because I do not think that SFMI is a failure happening right in front of us and I do not think any of the above reasons are persuasive arguments that ought to take precedence over the long list of things I have pointed out that constitue rock-solid evidence of success at SFMI.
I do not post to influence people to buy when I want to sell or to sell when I want to buy. My credo is this: "Let your yea be yea, and your nay be nay". That's how I roll. I may post inaccurate opinions, because I'm human, but my intent is to genuinely try to help people. Thats the way I try to live. I try to help others because its the right thing to do (it also tends to come back to you over time, too, BTW.)
Anyway, here are examples of my present opinions. If they offend, put me on ignore.
I think that all kinds of fantastic progress can be seen with the naked eye at the mill site. The pictures tell the truth and I assert that they clearly do so.
I think SFMI's management is smart for having chosen to execute a non-normal business plan.
I think they have made the enormous progress because they chose a path that did not force them to do a 43-101 or drilling programs at the outset.
I think that no other small company in the junior mining arena has built a mill this quickly becuase the standard business plan diverts needed funds away from success and it filters a lot of money into outsider's pockets.
IMHO, the pictures tell the story. Enormous success has been accomplished and these successes will soon be followed by ink and paper documents, but it is my oninion that it is unwise to hold off on realizing that success has already happened.
So, rather than instilling fear in people because the chart has disappointed and because reports of formal success have yet to be formalized, I choose to tell people that, IMHO, the actual physical evidence argues in a loud voice that this company is a at a cycle low.
Thats what I think. I think SFMI will cycle up and down some more. I think it will cycle this summer because it is at a low, but more importantly, it will cycle simply because it is a stock.
Its a stock, after all. All stocks cycle.
Now, since I'm being accused of being disingenuous, let me ask this: is the only true long the guy who accumulates?
I am a true long and I use the chart to make each buy a better buy. I'd have to check to be sure, but in over three years, I don't think there has been a time when I did not have a core position because, what I do is I try to keep a foot in the door by always holding a core position.
I mean, what kind of an ignoramous would I be to sell out and then miss the parabolic rise that I believe is about to come? Since I'm not a prophet, it was my thought in the past that a parabolic rise could happen at any given point. And looking back at the chart, I am very glad I never sold out because I have been in SFMI, participating in every parabolic. So my theory of operation is to always be in on the long side.
If you don't mind my saying so, I think that makes me a true long.
:o)
Holding a core position, I sell high and buy low, consistently. Does that make me disinginuous? If I take some money off the table because its smart, does that mean I'm not really long SFMI?
If your style is to accumulate & never sell, fine.
Another way is to time the buys only at the chart bottoms, but again, never to sell. Also fine.
But a person who both buys and sells, but keeps stepping back in is also a true long. Such a person's style is different, but TTommy, you are in error in the way you have characterized me, as though I'm a hypocrite. There may be hypocrites on this board, but I'm just an open and honest trader who's yea is yea and whose nay is nay.
I am long SFMI. I just use my intellect to try to max my position over time. The idea that the only true longs are accumulators is simply absurd, IMHO.
And to be fair, I do believe that I have a cadre of folks here who are in SFMI because I took this personal honesty to its logical extent: I took it upon myself to tell them of my having found SFMI because I was trying to be an honest and genuine friend. What better thing could I possibly do than tell people who do not regularly insult me that I have found a really cool stock?
TTommy, you are entitled to have any view you like, but my yea is yea, friend, and my nay is nay. I never tell people to buy so I can have folks to sell to, and I never lie about my true views to get people to sell their shares to me.
I am long and strong on SFMI, and I have every confidence that, apart from a black swan event, this little company is going to make anyone who waits to buy in until sales and assay info gets released.... I firmly believe that such folks will be very sad for having waited too long to pull the trigger.
Thats my opinion, anyway.
Best to you, TTommy, despite the enormous length and breadth of your erroroneous opinion of my intentions, my friend. Best to you anyway.
Imperial Whazoo
Well, from a charting point of view, what it did was back and fill. If you know how to do it, you can draw what are called Fib lines. I use .382, .50, .618 & .784 as my primaries, although others add some other ones.
What I do is draw a base line from the start of an up move and then connect it to the top most point. The pullback lines are the 382, 50, 618, & 784.
There is a lot of theory to such things and not everyone looks at the lines the same way, but generally, each step back is going to either hold or capitulate. So, what this stock has done is basically, pull back thru the whole set of lines.
The good thing is its been on low volume, which means more people are holding that bailed. If you want a silver lining, that means that the long term view is proly that there is a good chance that this puppy will recover. The bad thing is the low volume means that people don't feel in much of a hurry to step into it with buys. So, with little interest in buying it, the price is getting lowered to try to find the point where there are buyers.
This stock needs to announce more news. Progress. Profits. That kind of thing.
They surprised me the other day with the third plant in a very short period of time, so obviously they are doing business at a nice clip, but the fact remains that they need to do that regulary or buyers will remain on the side lines and price will languish.
The effect of news will be to generate interest. If the news is good, it should be upwards. If bad.... well, I hate even thinking about that.
Another thing we faced was that there was a gap at the beginning of the up move. I kept hoping it would hold up at one of the Fib lines and not even come near the gap.
Well, the gap pulled it down like gravity. And it is now a fully filled gap. Thats generally good news. The gap loomed out there needing to get filled, and it now got filled, so, as one of my mentors says: it did the work it needed to do.
Now we need to see a bottom come in. News would be nice. And so forth.
The stock is a nice story stock. IMHO, we need more story..... thats all.
Just my read on it.
Imperial Whazoo
And not just that, if anyone actually believes there is no current money in this card game, then maybe there is an alternate explanation for all the accumulated (and constantly accumulating) equipment and machinery.
Oh I know.... SFMI won it all in a dice game...
No, wait, the British army camo corp has created lifelike cutouts that photograpgh so well that we are all fooled....
No, wait, its actually just movie set miscellania because, after all, they are reputed to be filming a TV show....
At some point, it has to be looked at with a bit of utter incredulity when no amount of tractors....
No increasing piles of ground up rock....
No new generator buildings....
No amount of tubing running down the Sinker Tunnel...
No amount of trucks rolling over the weight station....
No amount of improvements on the road that, less than a year ago, was dry desert brush....
No intelligent investors with at least 7.2 million to commit....
Nothing.... no genuine buildings or equipment or reports filed on time or anything else EVER gets granted the obvious legitimacy it deserves....
Well, the only thing I can fathom is that some folk just have a different world view. They think paper and ink is more convincing that actual, real, physical evidence. As a matter of fact, to judge by their deliberately phrased statements, they think NO evidence of any kind can ever be counted as genuine and actual and real unless it is in the form of some paperwork or form that a governmental entity approves of.
I don't think that way. I've traded this puppy up and down for nigh on three years and I could sell my shares for a 300% negative value at this point and still be ahead..... all because I never did lend even the smallest particle of credence to any idea eminating from anyone who placed more confidence in paprework and governmental approval than in the actual evidence of progress that was cropping up all around SFMI's business endevours.
I think that, by the time any given three month window for filings each quarter get done, the actual real things that constitute genuine value will be old news, and anyone insisting on waiting for those kinds of confirmations and assurances are going to get left in the starting gate wondering why they failed to hear the firing of the starting gun.
They will be watching the real racers disappearing around the bend in a cloud of dust while they are waiting in the starting gate for the guarantee that no one ever gets until it is too late.
Thats what I think, and thats how I see it.
:o)
Other than that, how was the play Mrs. Lincoln?
Imperial Whazoo
One of my tick sensors fired repeatedly in the last hour about this ticker. As per my practice, I did a quick read of the web site and so forth and this looks like an excellent little biomed, but there is no news in it to explain the uptick.
Anybody know the explanation?
TIA
Imperial Whazoo
Anyone know the story behind the pop this morning?
Imperial Whazoo
EDITED: found the website via yahoo. Bloomberg, BTW, does not have a website link, which always frustrates me. Thats why I use both, generally.
http://www.homelandresources.com/