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Good call...Buying more claims increases its value and sale price.
Either way, the longs could end up with gold in our pockets.
It appears that that is not going to happen anytime soon.
PR said "The Company now will conduct further research on this target zone in advance of POSSIBLE drilling in 2014."
Sounds to me like he is positioning RMRK for buyout IMO.
Good 2C a green close on REAL news.
StockWatch News Release re RMRK gold neighbors.
Got this from Jordan "Just to show investors that there is lots of demand in the area and we are positioning ourselves nicely moving forward."
http://www.benzinga.com/news/13/09/3920889/newmont-signs-loi-to-sell-midas-operation-in-nevada-terms-not-disclosed
Newmont Signs Letter of Intent to Sell Midas Operation in Nevada to Waterton Global
Ticker Symbol: U:NEM
DENVER -- (Business Wire) --
Newmont Mining Corporation (NYSE:NEM) (?Newmont? or ?the Company?) today announced the signing of a Letter of Intent (?LOI?) to sell Newmont?s Midas operation in Nevada to Waterton Global Resource Management, Inc. (?Waterton?). The proposed transaction is subject to customary closing conditions, including execution and delivery of an acquisition agreement, completion of confirmatory due diligence and receipt of all required regulatory and third party approvals.
?Consistent with our strategy to deliver value to our shareholders and strengthen our portfolio by divesting non-core assets, we are working with Waterton to explore the sale of our Midas operation in Nevada,? said Randy Engel, Executive Vice President, Strategic Development of Newmont. ?Waterton has established a presence in Nevada and is well positioned to enable Midas?s success over the long term by using its processing, and other assets, to support Waterton?s operations in Nevada.?
Mr. Isser Elishis, Managing Partner and Chief Investment Officer of Waterton stated, "We are very excited to be working with Newmont to develop the full potential of both the Midas and Hollister operations. The completion of our acquisition of the Midas Operation will add another high-quality gold mining operation to our portfolio of North American operations.?
The parties have agreed that the LOI will terminate on October 14, 2013, unless extended by mutual agreement of both parties, or earlier superseded by the acquisition agreement. There can be no assurance that the proposed transaction will be completed.
About Newmont
Founded in 1921 and publicly traded since 1925, Newmont is a leading producer of gold and copper. Headquartered in Colorado, the Company has approximately 40,000 employees and contractors, with the majority working at managed operations in the United States, Australia, New Zealand, Peru, Indonesia and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont is an industry leader in value creation, supported by its leading technical, environmental, and health and safety performance.
About Midas
The Midas underground mine is located in north central Nevada, between Elko and Reno. Newmont acquired Midas through its merger with Normandy. The mine currently employs approximately 200 people.
Please download the free Newmont Investor Relations iPad application from the Apple Online App Store, keyword search ?Newmont.?
About Waterton Global
Waterton Global Resource Management Inc. is a leading mining-focused private equity investment firm dedicated to developing high quality precious metals projects located in stable jurisdictions. Waterton?s cross-functional, fully-integrated, in-house team of professionals have significant mining, financial and legal expertise. Waterton?s proactive approach to asset management, significant sector knowledge and ability to leverage extensive industry relationships has resulted in a strong track record of managing investments in the precious metals sector.
Pumped sp up a little with 500 sh Buy.
Nice 2C portfolio value DOUBLED.
Sad to know that is NOT what I could sell it for
Just got BUMMER from Jordan in response to my email.
He said "All I can tell you is that I am working on something and when ready it will be released."
STILL no reply to my CEO email from 9/10. Not sure if that is good news or bad news. IMO Based on past experience with Jordan, I have to take this as GOOD news.
After riding this snail for 3 years, I will be happy to break even at .37
Picked up more cheapies under .12 Holding LONG and STRONG
Emailed CEO yesterday but he hasn't replied yet.
Last time I emailed and he didn't response it was because he knew a PR was coming in 1-2 days. Fingers crossed.
OMG! What's next? .01?
Spread is TOO BIG! Bid .09/Ask .2149
No one in their right mind would buy this stock if they knew it would IMMEDIATELY be worth almost 60% less if they chose to sell. This is ONLY for long term longs.
Grabbed another 2K @ .15 just in time.
Just kicked off green month w/ 1K at Ask.
Terms of merger included $500k for drilling. Delay has been caused by trying to be absolutely correct on drilling sites because $$ is so limited. Guessing wrong cause cause RMRK to fold without future financing.
Still need to get back to .38 to break even.
Been in this since 2010 but I am still optomistic.
Increased my long today B4 cheapies R all gone.
Well, another EXCITING day zzzzzzzzz lol
How I read this is "they haven't said "No!" yet. When all DD is completed, THAT will be their answer.
Thanks for that info but I didn't think my query was important enough to interrput him. Will wait for reply when he has the time.
I emailed him over weekend asking when we can expect PR for drill sites and/or drilling start. No response yet.
Glad 2C RMRK break .30 again.
HAD to Buy some more. Hate to see portfolio value at Bid.
Why should a 1700 sh ($289) Sale drop Bid by 11%,
yet a 11K Buy can't budge the Ask?
Agreed. Just added a little B4 pps heads North.
Could U post an L2? Thx!
Not just holding. Picked up another 5k while I still can.
PR has wrong link to RMRK website.
WOW! Someone bought $30 worth. Duh!
RMRK just file 10Q. Will be late filing 10K for May 31.
http://archive.fast-edgar.com/20130715/AabvDanaAiM-f-f-b-6-bwx8bH-cq8J/
Out with 55% haircut. Painful lesson learned.
I guess half a loaf is better than sticking around and walking away with crumbs.
Back in the action. Picked up another 4k @ .30
Come on Rimrock. Just sent email to CEO to try and see what is going on.
Checked AOL, Yahoo, & Schwab: all say .83. Not sure where U R seeing $5.28
I would assume that he was referring to issuance of the drilling permit.
Okay! That answers my question. He was planning to make the company grow and be up to his a** in oil and money. If shares are at $1, $10M is not a bad profit for a $5k investment.
If CEO has 10M shares for $5,000, it is a good bet that he intended to be around to cash them in after they hit oil. UNLESS it was he who was selling all those shares that has been keeping the sp down and making 16,000% profit. Anyone know if the shares are restricted?
Dec 2013 is for the SECOND well.
EXACTLY!! U R Spot on.
Either the CEO is the BEST Con man going to even suck in the local papers OR this is all BS and we will be growing again very soon. My only concern is DO THEY HAVE THE $5M FINANCING TO DRILL THE FIRST WELL???
Great Assessment! My exact thoughts as well.
If we start drilling, all this will go away. IMO