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There is a big short position on HMIT.
I will not believe in any negative posts right now.
Good Luck to you also.
Yes, I been there and if you enter in your information you will receive an e-mail. I received my packet in Nov, 2007
WOW! Did you get the same?
Oh Mark Klok...the guy you have a problem with.
Sorry I thought you had new information.
Their horrible performance, even prior to this latest correction when commodities and large miners were still rallying nicely, is weighing down confidence. Stock investors and speculators, who have long gravitated to the high-risk high-reward junior-mining realm, are getting wiped out. Allocating too much capital to one’s favorite juniors, or even too much to juniors in general, has proven lethal.
And this plague decimating junior commodity stocks has really shown no favoritism. Small producers of or explorers for gold, silver, copper, oil, gas, uranium, and virtually any other major commodity you can think of have been scourged in equal measure. While this carnage is probably apparent to most in precious-metals stocks, they have not been singled out. Almost no small mining/exploration stocks have been spared.
This junior crisis is serious, and has all kinds of sentimental and fundamental implications. On the former front, will stock traders wholesale abandon junior mining since it continues to obliterate their capital without respite? If they do, exploration companies will fold. And without exploration, the world will not have enough commodities in the future to supply ever-growing global demand. Commodities prices will skyrocket if the critical pipeline of new discoveries freezes up.
"Accredited investors" you have a list of names?
Buy, baby Buy!
This stock is a Buy $6,000 - $7,000 per million
Cash is what you need right now to BUY, BUY, Buy.
I do find it kinda funny. I guess even the big boys need to chase the ASK from time to time.
I did sell at $1.26 taking a chance here that we will again see a lower PPS.
I am sure you are a good investor and know how to trade.
Keep adding to your long position little by little, take some profits on the ups and average down on the lows.
If it went down to .50 some time within the next 6/months I would be happy.
Has long has the vol is way up I will hold but has soon has it starts dipping under 500K I looking for an out...If I could only guess when LOL
Same goal to have bunch by 9/2009
Understand...I was going to put a sell for 1/2 at $1.20
and the other 1/2 at $1.30 thinking maybe I could sell in the next 2/weeks.
What the heck is going on here!
The mining sector is just getting stomped on.
Why not a $116.00 ROTFLMAO
Who let you out of your straight jacket?
Nice...in this market this stock is working.
Littlefish -
Soros Fund Management, L.L.C. 11,738,680 as of 09-25-08
When Fidelity was selling the price went down.
I find it odd to believe that if Soros were selling the price would be going up.
So the volume reflects IMO new buyer(s). Just have to keep checking if a new Intuition/Mutual fund reports after they are done. Of course there are other reasons for this raise in price and volume is taking place...raising $$$ for LGDI
You seem like a pretty well balanced family man...hope this really turns out good for you.
Just my quirk about investing....if this stock goes up to $1.00
Then $1.25 there is not much bang for the typical $5K investment.
There is a bigger reason for holding back some money for a big pull back in price. IMO this stock is closer to .50 when the volume goes away. I am excited about the price pulling back so I can average way down since I am long. I want excess shares over my own target of lets say 50K. I would like to have 80K so I can trade the excess 30K on the swings. IMO This stock could be a target for short sellers since we have no production.
Sorry for my grammar.
Good stuff...good to see the vol. on the rise.
NICE...move today on low vol.
Gold and silver prices reach a major tipping point
In an unprecedented move last week, central banks practically stopped lending gold to banks and other participants in the precious metals market.
Sunday, October 12 - 2008
Last week the one-month gold lease rate rocketed to 2.6%, the highest since May 2001 and way above its five-year average of 0.12%, according to the London Bullion Market Association.
A major turning point for gold and silver prices is at hand.
Gold and silver went through a severe correction this summer just like the correction in 1975.
Then gold prices dipped by almost 50% from peak to trough.
Since its March all-time high of $1,030 an ounce, gold has completed a perfect 38.3% Fibonacci retracement, bouncing back to current price levels.
Silver also followed the Fibonacci sequence, albeit with a deeper 50% fall from March peak to the trough.
It is important therefore to note that price corrections are behind us in precious metals.
These were fairly brutal commodity price corrections. But the rebound has been quick in the case of gold and can only be around the corner for silver - the two seldom move out of synch for long.
Tipping point
Now we have to look at the supply and demand position to determine whether this could in fact be a tipping point. The downside after a big correction like we have just seen is clearly small or entirely gone.
Gold first: Last week investors queued in the streets of London to buy gold. We have a similar rush in the souks of Dubai. Gold coins are selling at the highest premiums to spot gold price in 30 years, and stocks are running out.
Gold has risen sharply in price this week despite a very sharp rally in the US dollar, lower oil prices and collapsing stock markets. Usually the dollar and gold do not move in the same direction, so this is highly significant. Gold also usually falls with oil.
Bullion premium
In silver the premium paid for bullion bars is up to 50% above the spot price as dealers are running low and demand remains very strong. Why are silver premiums higher than gold: simply because silver stocks are tighter.
This is the classic case of tugging on a piece of elastic fixed to a brick. The pull of the retail price is suddenly going to increase the silver spot price. It just has to as bullion dealers replace their stocks.
We now also have an official enquiry into the shorting of the silver market by two US banks over the summer that crashed the price. No matter that the banks will probably be exonerated. They have removed their short positions - so there is nothing there to prevent silver prices surging ahead.
Supply shrinking
Meanwhile on the supply side things could hardly be better for price rises in precious metals. Central banks are withdrawing planned gold sales while output is falling at the major producers.
Silver stocks have always been tight as unlike gold the metal is consumed by industrial processes; but silver is also a precious metal which tracks gold as 'the poor man's' alternative. Silver production is increasing but only at a snail's pace.
Will silver prices again outperform gold by a factor of two as they have in the 2000s so far? It is not guaranteed but looks a fair assumption. And once stock markets have ceased to fall silver producers look an excellent buy, as will the junior gold exploration companies.
However, if this is not a tipping point for gold and silver prices then it can only be a matter of weeks or a couple of months until we reach one. Mostly likely this is it!
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This story was posted by Peter J. Cooper
Sunday, October 12 - 2008 at 16:20 UAE local time (GMT+4)
Print Date: Sunday, October 12 - 2008 - 22:37:12 GMT+4
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Need Cash and Gold but I really need a startup miming company to kick it in gear. I am very positive on HMIT to be one of those companies.
When the central bank has lowered nominal interest rates all the way to zero, it can no longer further stimulate demand by lowering interest rates. This is the famous liquidity trap. When deflation takes hold, it requires "special arrangements" to "lend" money at a zero nominal rate of interest (which could still be a very high real rate of interest, due to the negative inflation rate) in order to (artificially) increase the money supply.
With the rise of monetarist ideas, the focus in fighting deflation was put on expanding demand by lowering interest rates (i.e., reducing the "cost" of money). This view has received a setback in light of the failure of accommodative policies in both Japan and the US to spur demand after stock market shocks in the early 1990s and in 2000 - 2002, respectively. Economists now worry about the (inflationary) impact of monetary policies on asset prices. Sustained low real rates can be the direct cause of higher asset prices and excessive debt accumulation. Therefore lowering rates may prove only a temporarily palliative, leading to the aggravation of an eventual future debt deflation crisis....
Is this not what just happened?
Banks are hording cash because they know we are in the eventual deflation of assets.
Times they are a changing.
Investers want CASH & T-Bills. Banks are hording cash and not willing to lend to other banks. We will see, looks like the Equity Markets are pricing in a long recession. Also selling equities is one of the few places to raise cash.
But still people need to buy food and IFFCO has stated that there will not be enough production of fertilizers available to meet the demand in a couple of years, that is why IFFCO is making a big investment play here. They are first in line as LGDI biggest customer.
Yes, I am still planing on going to the site.
Also interested in your video.
There is a lot to like here...production is far into the future, maybe too far for some. I have also been adding at these levels.
Yes, I was very surprised it is down so low.
But I believe we will be taken to the alter of $$$.
If this goes to under .20 I will be all in. That would be so sweet!
The startup/exploration mining companies have just taken a beating along with the majors. This current climate I am told should change late 2009.
Long term, what is not to like about LGDI. I will get move involved in 2009 as they start creating jobs and building their infrastructure.
We are so early that we may be able to make some cash playing the ups and downs...nice.
Alpha - Still here and I am very optimistic about HMIT going into production during the 2009 mining season. The month of November sounds good to me. I have been adding to my position lately.
Good Luck
Off topic..
I have been looking at another company to buy, check out LGDI.
I have been adding little bits while it has been going down but if it goes under .20 well...you will need to beat to to the ticket window LOL
Mike, thank you for the post.
I received an e-mail from Mark when discussing my travel plans.
I can confirm you are the stock holder named in that e-mail.
Too bad about the weather.
Still plan on going to West Africa in Jan 2009.
Good Luck!!!
$ 0.04
Change ▲ 0.0075 (23.08%)
Bid 0.032
Ask 0.0425
Volume 133,900
Day's Range 0.031 - 0.04
Hmmmmmmmmmmmmm !!!!
M - would not even plan to go, unless I had the assets and the resources to make my trip safe and enjoyable.
Not many things look good in the news...good news does not sell.
and this...
http://africa.reuters.com/country/GN/news/usnL12488505.html
Gee a guy just cannot not leave home it seems.
OK, will do.
Just wanted to acknowledge the last message I am willing to reply too, about the trip. At least for awhile anyways.
What it is..takes time
http://seattletimes.nwsource.com/html/travel/2004371214_tryellowfever27.html
I think maybe other people would like to discuss something else.
Until I have some dates..good luck!
We are looking at October - November time frame.
My wife and I both will need a visa and a letter. The letter we need, HMIT is willing to provide. Mark is traveling again to W.A. at the end of this month.
My work would not allow me to make the trip at this time plus I am more interested in a visit at the beginning of the production season.
Looking forward to sunshine and hanging out on the beach.
Will provide dates when all is firmed up.
Thank you - me too.
I been taking some profits, and with some of those profits.
I will be taking a trip to West Africa, that will include a couple day stay in Siguiri. Along with a stop in Sierra Leone.
Since this is a self funded trip there are a number of details that need to be worked out. But plan on being in in West Africa for three weeks.
Enough of the BS it is time to see for myself.
Profits are great...and only what happens in the future matters.
There are two current PR's that anyone interested should be pushing HMIT for follow information. Instead of bring up the past. IMO
Focus on the now.
There is the LOI concerning the Fifa project “We are very familiar with this property and the associated permit and therefore anticipate confirmation of feasibility, through actual production, well within the 60-day period.”
High grade area “The company obviously cannot confirm these potential grades without running the pilot operation over a consistent period of time, but the reports are very promising and we're looking forward to validating the findings through what could be incredibly profitable production location.
Sorry 8 press releases, missed one.
John Darrah - has stated only 7 press releases were authorized for release at that time by then current management. Those press releases are still viewable at the old web site.
Someone caused a lot of trouble, but proof is needed to accuse anyone. Are there any memos or e-mails in someone’s possession?
The wire services cannot even tell me a person’s name.
Good luck!
Siguiri Basin, I was never able to talk to a Rich Kaiser of Yes International 800-631-8127 e-mail yes@yesinternational.com
Rich was the contact for investors in Siguiri Basin.
I doubt if anyone can now.
Monk, I spoke to Mark, John and Wit Tehan and discussed the PR's that were released a long time ago. Jeff Bootes never returned my calls or replied to my e-mails.
Unless all three read from the same script, the story is that the releases were not released with Mark's permission.
For me end of story.
The old management asked CMM if they would be willing to put assets into HMIT.
There is more but it is all in the past.
I can get beat up over this post but hey unless people are willing to call and find out information for themselves those individuals can take aim and blast away.
Any concerns of mine involve today, tomorrow and the next day only.
First of all I agree that there are other sources available, concerning the likelyhood of a mining company starting up and going into production. You called and that is good.
I was refering to asking questions concerning Mark Klok and his abilities to actually get a project off the ground.
I would not know if he can or not that is why I try and seek someone's opinion other Mark's opinion.