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IT WILL BE GOING NOWHERE AS IS!!!
I heard rumours about new management team and new plan of action...
Last opportunity to buy at these prices IMO
They need to increase the float of shares to allow for new financing. IMO the dilution to the 300 million happened because of the dumping by Asher entreprises of their convertible notes otherwise we were still at the 82 million shares outstanding. Now the cap is reached so new limits are needed for the future phase and financing IMO
It is time for a takeover and restructuring...
IMO I believe that some of the major investors especially the one that made the deal for the claims in Quebec, are still interested to bring the value of the company forward. They have more to gain than lose by making a move to restructure the company...
The claims in Quebec are real but they never had a chance of the present management and the convertible notes from financing, to have any money for exploration and evaluating the reserves on the properties.
There are other major shareholders for sure, that put serious money here also and would like to see some positive results...
It is not over and I believe it is still a perfect time to add few more shares before we see some positive news from the company...
What about the companies all around them that are doing lots of explorations? the land surrounding the 23 claims are also held by the same seller... he believes that the source of gold may be in the surrounding lands and time will tell... He may want to add them to the 23 claims also and give a chance to the company to turn around and he will be greatly compensated by the number of shares he may hold IMO
Not if you buy their shares back at the market price they brought it too...they don't deserve to make any money from the efoorts of others... But the new shareholders that jumped in all along will be well compensated for buying in at these levels...
It will still be easier to take it over and revive it then make a new one... they need a good cleanup and some debt rights off and we can be on time for the 10 K report and some changes to the board IMo i wil make some phone calls
The vendor still has ALL his shares and also the shares he got from the War Chest note that was repaid in september and so his group who took the other shares in exchange for the payment... He didn't sell one share yet!!! I checked some records...
IMO the management has to go all together...
But I may give them the benefit of a doubt that they got Asher financing hoping to be able to pay back the notes on time and they couldn't... But check the WAR CHEST note that was paid back by three investors and stoppen the share dilution then... I think they coudn't do them all. Also Coventry still hold 21 million shares and didn't sell them...
There is BIG HOPE IMO some people may know more and will do more eventually and time will tell.
As a shareholder I would help the company do a private placement on a condition no salaries would be paid with my money till we get to the next level...Are you willing to do the same???
The Quebec claims are still there and never been tested... I am sure the previous owner who got 5 million shares for the 23 claims would like to see some testing done and may help do it to bring back the value to his own shares that was up to four million and down to 2,500 dollars in december 2011...
I wonder when these people have in mind and what can they plan next to help the company move on in positive territories
COST CONTROL - CONTRACTING THE WORK - SPENDING ON EXPLORATION are the keys for the next phase if this company survives the blow...IMO
May be the president was too ambitious and greedy and was counting on other money that never came through... He will have to step down IMO
Yes and they still hold a major share position that is still intheir hands at the time we are taking about it. I think they were misinformed about Asher and their strategies to dump the shares as fast and as brutal as they did all the way down ...
But some of the major shareholders are still there with shares at 50 cents and may be more and they didn't sell. So in my humble opinion they can help the company and can recuperate their investment and make a profit with a new team in place...IMO
they seem to have spent it faster than they wanted and hoping that other bigger promised financing would come to the rescue but it didn't happen...
There are many lessons to hold and the current management has to go completely otherwise the spending will happen as soon as money is injected if any...
Good points. First ask the shareholders to increase the float to be able to get financing and have some independent consultants on contracts to limit the expenses...
Some major shareholders may be interested to help the company move to the next level by helping with the finances till all the filings are done and all matters in order with a new bank account for Shamika2 Gold... The name may be time to change it as IMO it is confusing with Shamika resources...
By increasing the float, the present major shareholders will be diluted in the number and may want to increase their positions again...
It was Asher that floaded the market with the convertible notes and the company shuld have taken the lead and sell their own shares before Asher did the dumping at least they would have had some money left...IMO
They have no cash and the overheads are limited right now. Some debts may be due to the other Shamika resources but are on paper and can be cleared in my opinion if the founders want to keep the company going...
They tried and may have drained the company on the small bits and pieces of 50,000 from asher that was the total suicide note IMO.
Now that the money is gone, they need a couple of major sharehoders to jump in and help them move on to the next level with new blood on the board...
We need new team and some cash flow to turn around and do the basics like the website the registration in nevada and few more reports that will be due soon...
The turn around can be done very fast and very efficiently and can turn the company around on a dime.
The spring season is coming and the work can be executed to get some of the testing heeded to put a value to the gold reserves...
After that step then a private financing will take us to the next level and we can start getting interested^parties to join venture or ven buyout the whole company... I am just dreaming you may say so i said it first...lol
and no more ASSSSSSSSSSSHER ENTERPRISE financing
This company needs a new team and a new name IMO
Then you should go back to the holy book when God created the heavens and the earth that way you don't miss anyone including the egg you were hatched in lol
It may be quiet for now but I believe the spring season will be busy for some new testing of the claims plus the company has to maintain them by doing work on 23 claims in Quebec...
The people you listed have nothing to do with SHAMIKA2 GOLD
The people you listed are not on the board of the company...
OLD HUSH HUSH FROM A PREVIOUS COMPANY
Hey crusher you are getting mixed up because you are mentioning Aultra Gold...
Shamika2 Gold has Robert Vivian as the president and CEO...
http://www.pdac.ca/
CORRECTION WEBSITE LINK
MARCH 4 - 7 THE PDAC INTERNATIONAL CONVENTION IN TORONTO
PDAC = 2012 PROSPECTORS AND DEVELOPERS ASSOCIATION OF CANADA
OVER 23,000 PEOPLE ATTENDED LAST YEAR CONVENTION FOR WORLD MINERAL INDUSTRY...
WWW.PDAC.CA/PDAC/CONV/2012
This is the stock market... But there are still some BINGO halls around for those who like to gamble lol
Not much loose shares left IMO the only way is UP !!!
Smart guy who shook the tree again for weak hands... watch and learn for daytraders...The ASK is very thin all the way up to 0.0029
The Selling is done and the weak hands are out...
Whoever did it...Congratulations bringing that block of 4.6 million shares all the way down to 0.0017 and scoop it up. The stock already up back to the 0.0023 territory on a very thin ASK
Do you have any shares left? I suggest you buy back before the next ride
Wake up and smell the roses
That is called shaking the tree and then scoop all the shares upwards
That block 4.6 miilion shares was taken like a steal lol
They can open a Paypal account and get 350.00
So the filing is late and so what because many other companies are late... That is why they charge 75.00 for a late fee because most companies are always late. I can roll my pennies I think i can cover the amount lol
http://nvsos.gov/sosentitysearch/FeeDetails.aspx?ctok=cS81tmVuaojQ%252fbDo6IgQSQ%253d%253d
SHAMIKA RESOURCES INC filings are UPDATED
Shamika Resources and its President owns almost half of the shares of Shamika2 Gold
Go to the sight and type in the names SHAMIKA RESOURCES INC
https://www.registreentreprises.gouv.qc.ca/RQAnonymeGR/GR/GR03/GR03A2_19A_PIU_RechEnt_PC/PageResultat.aspx?T1.JetonStatic=1d3b0d3a-64b7-49a6-ba2f-c00981019136&T1.CodeService=S00436#CPH_K1ZoneContenu1_Cadr_IdSectionResultat_IdSectionResultat_K1DetailsRecherche_Ancre
Quebec government has set aside 80 billion for the exploration of mining industries. Canada is rich in minerals and gold and tantalum and Quebec has a great reserves. Time will tell...
1manband you seem very informed about many stocks... Tell me about the many penny stocks that just exploded for absolutely no reason... Here the story is different as the stock was in a death spiral since their financing deal with Asher Enterprise and the deadly convertible notes that forced the share price and diluted the stock. So IMO the only way he is to go UP trend to the level it was in the 25 cents so that the company continues its business and work on your pasture in Quebec like u say. Some people will use it for facial cream... This is mining so wake up and for ur info Quebec is still closer to home than any other place you like or don't like.