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Nice start to the morning. Very few trades, which is to be expected today. Mainly all sales this morning with the bid at .0028 and the ask @ .0029. I like the direction we are trending.
I saw the same thing at .0034. These were fairly large buys too and they still waited about 3 minutes and dropped the bid to .0032. I think there is a reason they are hoding iut right here right now, and it is fine as long as they hold the higher lows and let us run soon to higher highs!
I agree. I have the orders in now and am ready. This range we are in now is a great buy in or average down range. Many people were saying that in the mid .02's, but I really feel that way in this range.
Tomorrow is our Friday so we will see how it holds up. I keep buying and buying and have gotten my average down to .0035 and I feel we will see this soon and ideally be well above that sooner than most think.
The one thing to remember is that this company has a product that has farmers lined up waiting. Once this is released for general use, we will be as green as the vegetables it helps grow!
A dip to anything below .011 for the buy will start a big buy as we all feel comfortable that this thing will rise to the .015 range in the short term. I and many others will buy like crazy in any area below .011!
I did see that 9 million+ trade though it showed up as a t-trade after hours. The last time this happened our PPS got a bump, so let's hope the same happens.
The problem with a 10Q is that it always gives worst case scenario in the dollars. It never mentions any forward progress, so those that do not research a lot, jump ship and come back on a brighter day.
That is why I like to buy in small increments. Buy a little at .03 and then if it falls to .02, you can buy a little and average out. It works a lot better than buying a million shares at .03, then having the ball drop out on you.
For example, I will buy a little more here at .019 to make up for my buys at .024!
I agree with you moores. After the news yesterday, it confirms a fantastic future for ITRO. These prices are a great buy in point for anyone new to the stock and also a great place to lower other folks averages.
The one thing to remember with this stock is that there are a lot of people with averages well over .004-.005 and they are holding. These prices are great for all and the PPS should be aiming up and I for one will contiue to buy to help all I can.
After picking up some more yesterdaqy at .034, I bought a batch this morning in the .022-.024 range to help out. It is down a little from there now, but I do think we have a higher low and should head for a higher high in the not too distant future. If nothing else, I was able to lower my average a
bit!
One thing to remember is that the 10Q was for Q3 and a lot of good things have happened and are happening in Q4, which that did not reflect.
This is a very good company but the 10Q shows that research costs money. Now if we can continue to add more contracts, great things are on the horizon.
It is either that or a major sell-off as most investors in this range have very little patience and are ok with cutting their losses quickly.
I am just amazed that a company with such potential can be so far in the hole. We just need the products to hit the streets!
You and me both. I hit the .035 this morning for nothing!
Certainly could have done without that!
AXcess News: Demand for Green Fertilizers Increases
11:56 AM ET - Market Wire
Demand for green fertilizers across the United States is on the upswing as environmental concern grows. In Reno, Nevada, one enviro-ag manufacturer is matching some of that demand with its GOLD'n GRO brand of environmentally friendly fertilizers.
Itronics Corp. (OTCBB: ITRO) just released its third-quarter results reporting a 65.7% increase in fertilizer sales compared to the same period last year. For the nine months ending Sept 30, 2007, Itronics reported a 34.9% increase. Itronics also reported the first-ever earnings per share.
While sales overall for the Reno-based manufacturer of Green fertilizers is small in comparison to Monsanto Corp, Itronics owns the only plant in the United States approved by the EPA to recycle photochemicals, removing the heavy metals and manufacturing pure silver bars from the waste and using the leftover liquids to manufacture its line of environmentally friendly fertilizers sold under the GOLD'n GRO brand.
Itronics' founder, Dr. John Whitney, noted, "This is the first time Itronics has achieved a positive gross profit in the third quarter which is normally the lowest sales quarter of the year."
An overlooked comment in last week's earnings report was the fact that "restrictions on alternative methods of liquid photochemical disposal continue to tighten." Itronics noted in that release that two new waste photochemical processing agreements were in play which when concluded would "provide sufficient photoliquids to support GOLD'n GRO fertilizer sales growth in 2008 and beyond." Dr. Whitney was tight-lipped later when asked in a telephone interview to provide details on those sources, preferring to wait until the contracts were concluded before disclosing that information. But he did explain that environmental rules throughout the Country were making it more difficult for companies to find ways of safely disposing of the waste liquids created in photo processing and that because of it, Itronics was fast becoming a more viable solution.
More traditional fertilizers are creating nitrate buildup in the soil and contaminating groundwater as well, which environmentalists are combating, but costs have also gone up and because of that, farmers are looking for answers and in Itronics' Green fertilizers it appears they're finding it as repeat sales push demand for GOLD'n GRO fertilizers higher. Now, Itronics looks to replenish raw material supplies to meet that demand and along with it has launched a new systemic fertilizer that promises to repel deer while providing environmentally friendly plant nutrients. GOLD'n GRO Guardian is due out on the market early next year.
Contact: Eric Stevenson 502-868-9007
SOURCE: Axcess News
Recent ITRO Headlines
November 19, 2007
11:56AMAXcess News: Demand for Green Fertilizers Increases
November 15, 2007
10:03AMStockwire.com: Speak with other shareholders about: (OTC: GLLK), (OTC: WRNW), (OTCBB: ITRO)
3:07AMOTCPicks.com: OTCPicks.com Stocks to Watch for Thursday, November 15th HEPI, ITRO, INOD, BCTE, ASDS, PPLB
November 14, 2007
12:48PMOTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for November 14th SPNG, GLLK, WRNW, ITRO
5:00AMItronics Increases Third Quarter 2007 Sales by 82 Percent, Nine Months Sales Increase 36 Percent
November 13, 2007
7:00AMWallSt.net (www.wallst.net) Updates the Investment Community Through All-New Interviews With ITRO, NCX and INFA
November 7, 2007
11:09AMStockwire.com: Speak with other shareholders about: (Pink Sheets: OGNA), (OTCBB: ITRO), (OTCBB: GXPI), (Pink Sheets: GBRC).
11:02AMStockwire.com: Speak with other shareholders about: (Nasdaq: MSFT), (OTCBB: GSPG), (Nasdaq: INTC), (OTCBB: ITRO), (Nasdaq: YHOO).
4:40AMOTCPicks.com: OTCPicks.com Stocks to Watch for Wednesday, November 7th ITRO, GXPI, DIVX, AIXG, GSPG, EFSF
November 6, 2007
12:56PMotcstockexchange.com: OGNA, ITRO, GXPI, GBRC - OTCStockExchange.com Stock Alert
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Agreed!
By the way, we are up 14-0 at the half. I am pulling for your trip to and from the French Riviera as it means we will all do well!!!
To be honest, I am very loyal to CYDF and will stick with that as it has not let me down. I will stick with buying this one for now.
I have a feeling that a few of us will be buying this on Monday. You are right on the money with buying at the ask. I think that is part of what backed us up a bit on Friday was buying at the bid by some folks. you would think that someone buying a stock would not want to hurt the PPS by saving a few dollars buying at the bid instead of the ask.
After a Friday afternoon when most stocks dump, we held the .0034 and looking great for next week!!! The .04's would have been nice to hold, but I did not expect it on a Friday. All in all I am very happy with our slow upward trend.
Great Day as we finish up at .0033 on a Friday!!!! Up over 20% was great.
Same to you and all of here is ITRO. I do think we have a winner here. Now a PPS jump will help to convince us all!
Well I bought some more today to try and do my part!
Anything is possible. The good news was that shortly after this sale we jumped to .0027 and maintained. Now we watch to see if we can survive the dreaded Friday afternoon sell-offs that happen to a lot of companies!
I agree 100%. That is why I try to add to my holdings with every chance I get. I also make sure to buy at the "ask" as it helps the PPS and a few micro cents savings will not matter in the very near future!
They have added to the OS, but like you stated, the amount of shares for this company, that is generating capital and growing, is much less than a lot OTC's out there that make nothing. Yet they have a higher PPS! With the news and shake outs, one would think we will be heading north going forward.
Another up day closing at .032 asking .034. The best news is that the bid held strong at .032 without a major sell-off. This tells me that we have more investors aboard the boat!
There were over a million buys at .0027 at 3:50 that held and kept the bid there and the ask at .003! I still feel great about this one and it was nice getting my average down into the mid .003's. Now some green days would be great.
I do wonder about the person who sold all those shares at .0022. They had to realize that there was no bad news out and that the MM's just try to do a quick shake out from time to time. You know the MM's have taken those shares to sell in the .0027+ range for a very nice profit!
By the way, I do not think the person who just sold 8,900,000 shares at .0022 is helping the cause at all!
Well it appears that the .0025 point was not the bottom! I just read Yahoo Finance and they are full of doom and gloom over there, so I will stay here where at least we have some optimism!
Sad to say, but I believe we were saying "Why would anyone sell this low" at .024. Now we would all howl at the moon , play cowbells, and skip to the loo for that price!
I agree. I feel safe at buying anything under .003 as I figure we should be bouncing over that safely in the very near future. I was able to add more today at .0025, which I was hoping not to see again, but I do feel (hope) that is our new bottom floor.
Yesterday at .0039 would have been a great out and then back in today @ .0025. However, since hind sight is 20/20, I just bought more at .0025 and waiting for some good news.
And now another 5,000,000 share buy @ .0027.
Like the sale that just went through for 850000 @ .0026 followed by a 1,200,000 buy @ .0027!
The strange thing is that there apears to be a much larger buy volume than sell, yet the PPS is dropping. It would be nice to get back and stay over .003 today.
I was the same way last week, new and gaining knowledge. I bought in at a high and have since averaged down and feel really good about this company. This is a real company, with real products, and actually makes money. One is hard pressed to find many sub penny companies that are more than an idea and fluff let alone generating any capital.
I have to admit that today makes holding this stock a lot easier. I also agree that we need a few days to see where our new floor is. This range is much better than a few days ago! Now a nice steady rise would be great and avoid the big jumps as they tend to lead to big dumps!
Agreed! We had a solid volume day and a close at .03!!! A gradual increase is more stable than a quick jump as it keeps the investors interest and not the flippers as much.
That is why I keep adding in 100000 share increments instead of larger. I also never buy all in at one price as I like to spread it out.
So far so good! Now we just want this to be a new floor that we can build up from.
Press Release Source: Itronics Inc.
Itronics Increases Third Quarter 2007 Sales by 82 Percent, Nine Months Sales Increase 36 Percent
Wednesday November 14, 5:00 am ET
RENO, Nev., Nov. 14 /PRNewswire-FirstCall/ -- Itronics Inc. (OTC Bulletin Board: ITRO - News; Frankfurt and Berlin Stock Exchanges: ITG) has filed its third quarter 2007 report on Form 10QSB, and it is now available on the SEC web site at sec.gov. In the third quarter ended September 30, 2007, the Company achieved an 82 percent increase in sales, and a $17,152 gross profit compared to a $11,882 gross operating loss the 2006 third quarter, an improvement of $29,034.
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"This is the first time Itronics has achieved a positive gross profit in the third quarter which is normally the lowest sales quarter of the year," said Dr. John Whitney, President. For the nine month period ended September 30, gross profit was $151,934 compared to a gross profit of $121,164 for the same period in 2006, an increase of 25 percent.
A $544,325 net profit was generated in the third quarter. Nine month net loss was reduced to $1,159,645, a reduction of 63 percent. The third quarter net profit and nine month reduction in net loss are due to a reduction in the "loss on derivative instruments," calculated as required by current accounting standards.
Demand for the Itronics' environmentally beneficial recycling services is increasing as restrictions on alternative methods of liquid photochemical disposal continue to tighten throughout the United States. The Company is currently negotiating two additional waste photochemical processing agreements that when completed are expected to provide sufficient photoliquids to support GOLD'n GRO liquid fertilizer and GOLD'n GRO Guardian deer repellent fertilizer sales growth in 2008 and beyond.
Mining Technical Services sales increased by 152 percent in the third quarter as this division continues to advance its web based InsideMetals.com Gold Producer Stocks information portal: http://www.insidemetals.com. Visitor traffic on the InsideMetals.com web page is continuing to increase and the site is beginning to generate subscription income. The Company is now actively marketing paid advertising programs on the web site to Gold & Minerals Exploration Companies.
Itronics continued to expand its development of future revenue streams in the mining segment through approval by its Board of Directors to establish two new subsidiaries. One subsidiary will develop the photochemical based thiosulfate technology for use for mineral extraction, including mine tailings, and reclamation of gold heap leach operations. The other subsidiary will acquire multi-mineral properties and invest in strategic small specialty companies that are in early stage or commercial operation. "The Company's Board of Directors believes that forming and activating these new subsidiaries will allow it to monetize more of its intellectual property and produce a greater increase in income and asset growth for Itronics' shareholders," Dr. Whitney said.
Third quarter operating loss increased 50 percent compared to the prior year, principally due to a combination of the effects of the increased corporate marketing and financing expenses.
Results for the third quarter ended September 30, 2007, together with comparative figures for 2006 are summarized below:
ITRONICS INC.
For the Quarter For the 9 Months
Ended September 30 Ended September 30
2007 2006 2007 2006
REVENUE
Fertilizer $241,693 $145,828 $1,411,442 $1,046,103
Silver $87,394 $126,068 $208,291 $286,810
Photo Services $206,265 $22,953 $294,243 $60,310
Mining Technical
Services $8,329 $3,300 $14,957 $25,211
Total Revenues $543,681 $298,149 $1,928,933 $1,418,434
Gross Profit (Loss) $17,152 ($11,882) $151,934 $121,164
Operating Income
(Loss) ($873,542) ($583,549) ($2,158,681) ($1,591,880)
Other Income
(Expense) ($345,040) ($297,204) ($595,118) ($786,528)
(including interest)
Gain on Derivative
Instruments $1,762,907 ($2,222,810) $1,594,154 ($730,404)
(non cash item
related to financing)
Net Income (Loss) $544,325 ($3,103,563) ($1,159,645) ($3,108,812)
Net Income (Loss)
Per Share $0.001 ($0.012) ($0.003) ($0.014)
Average Weighted
Outstanding Shares 466,067,000 253,718,000 407,278,000 226,831,000
The Company continues to meet goals outlined for the balance of 2007, which are to continue to expand GOLD'n GRO liquid fertilizer sales and silver sales; increase the number of photowaste services customers to expand photochemical raw material supply; register GOLD'n GRO Guardian liquid animal repellant fertilizer; and continue to acquire financing to support growth. All of this continues implementation of Itronics' eight part 5 year business plan that was summarized in a press release on June 3, 2005.
About Itronics
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company in the world with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant located in the United States which can convert used photoliquids into pure silver and liquid fertilizers. At the Company's Reno, Nevada factory more than 99 percent of the silver and virtually all the other toxic heavy metals are extracted from used photoliquids. The purified liquids are converted into environmentally beneficial, chelated, micronutrient and multinutrient liquid fertilizers sold under the GOLD'n GRO trademark. The silver is refined and sold as bullion and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic bars. The environmentally friendly liquid fertilizers can be used for lawns and houseplants, and are available, along with GOLD'n GRO liquid fertilizer injectors, at the Company's "e-store" catalog at http://goldngro.com. The popular Silver Nevada Miner bars are available at the Company's "e-store" catalog at http://www.itromet.com.
Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Environmental Technology" company and a world leader in photochemical recycling. The Company also provides environmentally compatible mining technology development, project planning, and technical services to the gold mining industry and operates the popular InsideMetals.com web site, http://www.insidemetals.com. which provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks. Itronics has received numerous domestic and international awards that recognize its ability to successfully create and implement new environmentally compatible recycling and fertilizer technologies.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
Contact: Paul Knopick
888-795-6336