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boy glad sirg is in the US i understand minors dont get shot at nearly as much or murderd by pirate miners in arizona as they do in the rest of the world
http://www.britainnews.net/story.php?rid=205956139
also as far as i know the only copper miners holding off on new projects are not projects in th USA but in areas where the governments are slapping massive new tarrifs and siezing
http://www.bizjournals.com/seattle/news/2011/06/21/venezuela-seizes-spokane-companys.html
http://expropriationnews.com/2011/02/15/mps-highlight-congo-mine-seizure/
http://www.bloomberg.com/news/2011-06-06/peruvian-mining-stocks-plunge-as-humala-claims-election-victory.html
http://www.postzambia.com/post-read_article.php?articleId=20148
makes me think i'm glad this is not a new mine but one in the need of a little tlc
sounds good ill join you with a Partagás Serie P No. 2 and a brandy
actually if you took a few hours of your time and actually read thru everything they already got a lower price than the origional loi had for the 10% the LOI is still in effect or we would have a report that it was abandoned my gut tells me they will go for the full 100% that is what i would do and with over 30 years in the field i know a little bit IMO
also just imo why would a company even try to make the purchase of the 10% (or 20%)if funding was not in the back pocket it would make no sense and would be a stupid business model putting the cart before the horse and knowing the companies involved and 4 of the bod (and no i do not have insider information) i can tell you that they are not stupid people
another reason not to announce full funding is that they are trying to execute the best price for the loi for the purchase of another 10% and i feel when we see the news it will all hit at once i feel that they are most likely going to renegotiate the loi for the last 20% so they would own 100% of the mine
(granted the 20% is my opinion as a business man) and it would make sense that a better price can be negotiated for the purchase on a mine that is not in production once the mine were to be in production that last 10% would fetch a much higher price and i can say that out of my own experiences in the mining industry as well as the venture capital industry
I hate Siri i think my phone is plotting against me when it talks
many investment companies and private individuals will not lay out 10 million to have it sit there waiting on red tape and foot dragging there are new mines that have been trying to get their permits for over 2 years and have either had to go bankrupt because they cannot payback the funding because they cannot mine anything and everyone suffers and loses now show me a mine with an 80% current ownership and imo soon to be 90% or 100% ownership
with all the permits in place and ill show you funding also yes the mine does need some repair but most of the repair could be done while the mine is producing as they do have aproxx 2 years worth of tailings ready to process so it will take far less than the 8 million to start productionso once the blm finishes transfering the last 2 permits there are many sources of internal and external finacing ready to pick up a project like that as well as profits from the 2 years worth of tailings to put towards pit repair and expansion
i hate my phone and my phone hates me i have a habbit of throwing them out a window or in a mine whenever i can
my cholesteral, my blood pressure ive been moving around so much i dont even know what time zone im in anymore lol i do hope i am smart enough to retire soon to enjoy myself and family i dont want to be the board member slumped over the table dead with the phone in my hand
pretty much if it doesnt recover today it should mondayim not worried about it just grabbing more when news and funding hits it will fly i think the 10q will be an interesting read in a good way
it is estimated in the us undiscovered mineral reserves and claims that have never been mined is larger than all the minerals ever mined in the US to date
when that bill is implemented you will see a huge mining industry increase from the major global players who mine everywhere but the US because of all the red tape and wait and wait the midwest and west coast will have a mining boom it hasn't seen in 200 years
mm's probly saw some nice tasty stop loss orders
the only time new shares are being put on the market you will see
VERT on the top sell position vert is the broker they use to put out shares anything else is just lack of patience or a try for panick shares i get an email anytime the os is increased from the stock transfer agent so the os is the same
I would not be surprised to see a re revised LOI for 20%
I prefer the NI and yes to me it would but they will still need the Industry Guide 7 unless they are merging with a canadian mining company i wish the us would adopt the NI as a standard like most of the world has
wake me up at phase 4
so add the extra 10% mine purchase to that and it is still less than one of Barton's yachts
now that would be a rare find and stupid
I don't recall lmcat giving a date for funding
with buy orders of more than 2 million shares and a total trade of 175k for the day so far would suggest people like the shares they own and do not want to part with them talk about a locked float
Either one Barton or Carlos could fund it solo
Hence the name someone is trying to bottom fish for shares is my bet
On January 11, 2012, the company filed an Amendment to its Articles with the Nevada Secretary of State. The Amendment had been approved by the company's board of Directors on December 28, 2011. The purpose of the Amendment was to increase the authorized common stock of the company from 460,000,000 to 1,500,000,000 shares, as set forth in the Company’s Definitive Information Statement on SEC Form 14C, filed on February 3, 2012. Subsequent to filing the Amendment, it was determined that shareholder approval for the Amendment had inadvertently not been obtained in compliance with Nevada law, and the company filed a Certificate of Correction on April 13, 2012 with the Nevada Secretary of State to cancel the Amendment. Therefore, the change in the number of authorized shares described in this paragraph are not effective, and the company continues to operate with 460,000,000 shares of authorized stock under its Articles of Incorporation, as amended prior to the filing of the Amendment and also under the Certificate of Designation filed with the Nevada Secretary of State on February 9, 2012.
again you are incorrect the A/S increase to 1.5b did not happen read the 10k yes a 10k you know what a fully reporting OTB has to file
Incorrect and no matter how many times you repost it it will still be Incorrect also there are plenty of bids to cover every share you mentioned so why are you not selling them as you said???
http://www.sec.gov/Archives/edgar/data/1076966/000110801712000077/0001108017-12-000077-index.htm
thats where you find company information not
http://www.otcmarkets.com/stock/GEAR/quote (also this is not "gear")
but a copper mine in Arizona that has had past production and is on the way to New Production
thats because auto fell off spread is actually .0033 -.0038
it would also seem to me the company would have to have its shares reflected properly to secure funding so that could well have been part of the reason for the extension of the loi
just saying that is what i would do
he might be quite smart for doing it that way it is cheaper to buy 10% of a non working mine than 10% of a producing mine i know i would raise my ask price for that extra 10% if mine was in production or not sell at all
remember there is a standing mine almost ready to produce and the 80% owned mine is worth what 11 mill financing should not be that hard to get you could do it as a jumbo mortgage/equity line
and plenty of private groups would finance that amount as an investment opportunity as well
there will be yelling but was it a Dry Snow lmcat oh and a belated happy Easter to you ballstreet.
thank you for continuing to be the voice of sanity go gdsm now back to my quiet place
the float has to be locked down no open bell trade then a 1500$ buy at ask 31 minutes after open i feel very secure in this stock
time to fix this
any people with doubts on where this company is going CALL MARK
they have shown no interest in selling period
and the board was so nice over the weekend and this morning/evening
gdsm long and strong