FREEDOM 51 !!!!!!!!!!!!!!!!!!!!!!!!
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GRDB monster still going strong even in this ugly market now at $4.00
MODC .009 still going....
Whoaaa Gold at $930.00 !!!!
CN 1.36 x 1.42 starting to get bid more aggressively
NOT I'm not playing it but more results out today...
TORONTO, ONTARIO--(Marketwire - Jan. 28, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to announce the receipt of assays on hole NOT-07-27 and 29 on its 100%-owned Eagle One occurrence within Noront's Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "The results from hole 27 are the highest grade encountered to date. This hole is quite significant as it contains high gold values within the massive sulphide zone not seen in earlier holes, and it extends the high grade massive sulphide zone to depth on this section. Results include thirty-five meters of massive sulphide averaging 7.91% nickel, 3.45% copper, 1.66 grams per tonne platinum and 12.79 grams per tonne palladium, along with 3.87 grams per tonne gold and 9.27 grams per tonne silver. Our immediate drill objectives are to complete infill drilling as required for resource estimate calculations and to begin drill testing several high-priority geophysical targets within the Double Eagle project area" states Richard Nemis, President and CEO of Noront.
BUK-tsx close to breaking out... Risk/reward looks great...
BUK Quote from David Pescod's Stocktalk Late Edition "A few days ago Malcolm Shaw of Wellington West Securities had just published a research report entitled “Nine Stocks with Big Potential Catalyst for 2008” and had a list of some of big high risk/high reward plays coming up over the next year or so with names such as CGX Energy, Energulf Resources and the like, that had potential to change a person’s lifestyle. And big odds that some of them won’t. It was happening at a time in the market that we were all fearful of thousand point drops in the market and as we commented, our own feelings swung every few seconds from fear to greed and the like. But Shaw had a bit of a salesman in him and when we asked him if he could only buy one of the nine stocks that he featured, it would be Bridge Resources. So we ended up owning a few. Now that the market has had a pop and things look like they are stabilized, we are whining yet again that if Shaw had been a “decent salesman” at all, he would have talked us into owning a lot more Bridge Resources! Of interest to us though was that in the conversation with Shaw, was the reminder that most of these plays all had big downside risks if some of their plays were not successful. When we ask him why Petrolifera Petroleum didn’t make his list, he said that Petrolifera is simply “too blue chip” and had all sorts of cash flow to protect it on the downside. Oh boy, that’s a reminder! He also suggested that with Bridge Resources in particular, while it would be his top pick, they were lacking in promotional ability. Oh really? Which gets us to Dave Antony who is Chairman of Bridge Resources and is supposed to handle some of those IR responsibilities for Bridge, so it’s about time we checked in with him, don’t you think? As far as investor relations, Antony said that they’ve been more than a little bit busy getting their financing closed and that CEO and Director Ed Davies and VP Exploration Tom Stewart has spent an awful lot of time on the road over the last while, closing a $44 million financing. He also suggests that this is a pretty ugly time in the market to have to raise that chunk of change, but it is now closed. As far as timelines on their different projects, he brings us up-to-date that the company now has 17 blocks in the North Sea of which they own 100% and 4 blocks where they own 50% comprising 21different prospects. They are going to be busy, very quickly as they will be drilling the Durango gas play in the second quarter of this year and it’s considered a development play. Antony tells us that they are going to be drilling it with a single horizontal well that they hope to have production on as soon as the fourth quarter of this year. All the equipment has been lined up and yes, they would be very disappointed if this is not a successful well right away. It’s an $80 million project. For those looking for excitement though, that comes with the Piper. They own 100% of it and they are currently entertaining offers as they hope to reduce that interest, but it is a very significant play and the reason that it made Shaw’s Nine Stock List is because it could have as much as 400 to 500 million barrels. And if that play hits, that’s what could change a person’s lifestyle. Sometime in the third quarter they will be drilling a second gas play—the Aspen. The bottom line Antony says is that they are going to be busy from early February until the end of the year with a steady flow of information. As far as lack of investor relations (a point he chuckles about) he suggests that that issue will be taken care of shortly. Well, we’ll find out what he means by that because the irony is that Antony is currently involved with two different plays, both of which are going to be very timely and both of which have an incredible impact."
CSZM formerly EPTI one of the rare situations where a shell gets a business and then moves on to a higher exchange....
China Shen Zhou Mining & Resources Announces Approval for Listing on the American Stock Exchange
2008-01-28 05:30 MT - News Release
Also News Release (U-SHZ) iShares Tr Lehman 1-3 Year Treasury Bd
BEIJING, Jan. 28 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (the "Company"), a leading company in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the PRC, today announced that the American Stock Exchange(R) (Amex(R)) has approved the listing of its common shares. The common shares are anticipated to commence trading on Thursday, January 31, 2008, under the ticker symbol "SHZ".
EIS.UN Very interesting and a little controvesy here. I decided to take a chance a few days ago in my RSP...
NP says Eveready "in-kind" payout cruel to shareholders
2008-01-21 03:56 MT - In the News
The National Post reports in its Saturday edition the market takes a dim view of so-called "in-kind" distributions, it prefers cash distributions. The Post's Barry Critchley writes that on Wednesday, Eveready Income Fund detailed its 2008 growth plans and the approval of "strategic changes to distribution policy." Paying distributions "in kind" means unitholders will receive extra units instead of cash. Paying in-kind distributions allows Eveready to keep more than $60-million in operating cash flow and avoid an equity issue. The move rankled investors. Independent analyst Diane Urquhart argues that converting to an in-kind distribution "is effectively a distribution cut, since the investors owning income trusts for cash income are now forced into the lesser-value proposition of substituting a certain monthly cash income with the uncertain cash realized from the sale of the additional shares received in kind each quarter. They need the cash." Ms. Urquhart says, "Retail investors are willing to pay higher price multiples for cash distributions received than for the earnings that are retained in the corporation." Before the news Eveready units traded at $4.42. The units closed Friday at $3.86.
CN starting to see bids building and asks disappearing Hopefully a pop coming...
CN needs a kick here... PEZ, ARU, SGR others are bouncing back nicely
How the stock market works......
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24245643
Once upon a time, in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.
The villagers seeing that there were many monkeys around, went out to the forest, and started catching them.
The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 ! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers.
"Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!
Now you have a better understanding of how the stock market works.
Have to admit my cajones were feeling a little pinched but breathing easier now. Lots of support starting to show up on market depth now on a lot of stuff I'm following. TIM has popped big from the lows .... Still hurting on PTS got my ass handed to me here. Went in biggly trying to catch the knife but I guess I'll have to hold it for a while
Also made similar bets on SGR 1.20 and PEZ 2.20
I had to take a number when i went out to the Hi-Level and it hasn't come up yet so I figured what the hell :):)
Braver today than yesterday. Bought 20 k today...S/B filled at 1.05
I hear these books are in short supply....
http://www.amazon.com/Precious-Investing-Dummies-Business-Personal/dp/0470130873
MODC .0015 not sure what is being said in the news release. I guess I need to get one of those new fangled otcbb news release translators. I'm hoping it's positive for this POS baghold...
Modern Technology Corp Announces 2008 Plan for Shareholder Equity Growth and Dividends
2008-01-17 10:27 MT - News Release
OXFORD, Miss., Jan. 17 /PRNewswire-FirstCall/ -- Modern Technology Corp , a specialized holding company, announced today its plan to increase shareholder equity and create frequent dividends of both cash and stock.
During 2007, the company completed its planned divestiture of all negative cash-flow operations and thereby eliminated the prior levels of required cash to sustain these operations. The company has carefully re-aligned itself to require minimal cash and also position itself to yield maximum cash for its stockholders. For 2008, the company has embarked on a new strategy to achieve its prior stated goals of stockholder equity appreciation and dividends. The new strategy requires a smaller operational footprint and less cash to sustain operations and is anticipated to provide a significantly higher internal rate of return for the company and its stockholders.
The company will purchase 'bad debt' in the form of convertible debentures from various institutional investors. These debt instruments represent assets to the company and future cash-flows from the sales of securities acquired from these convertible debt instruments. The company will also obtain a majority ownership position in the debtor public company in order to execute a 'turn around' strategy and subsequently execute a 'spin off' transaction and retain a minority equity position. This strategy is intended to create a continuously growing asset base for the company as well as cash-flows derived from both the sale of stock obtained from the convertible debentures and the sale of stock retained by the company as part of the spin-off transaction. The company plans to execute two or more such transactions per year. Each transaction may add $1 million to $5 million in asset value to the company's balance sheet. As these convertible debenture assets are liquidated, the cash yield is typically far greater than the value of the convertible debenture itself at 'face value'.
A series of updates and disclosures will be published in the coming days and weeks in order to update stockholders and prospective stockholders on our progress, asset and revenue projections, and new Board and executive appointments.
For more details, please review carefully the details on current holdings, assets, capital structure, and other important disclosures found on the company's web site.
MLOBF looks like some pretty good 4th qtr results. If they keep coming up with results like this and show that they can grow these numbers going forward I think we can easily see MLOBF at 3-4.00 or even higher. Market is just taking a wait and see stance right now. Looks good to me IMO
MLOBF should be trading at least 3-4.00 and probably higher based on 4th quarter and year to date results. Only thing holding it back is there is no track record for earnings and no real outlook for potential earnings growth. If they start proving up these results watch the price start taking off...
CADX hung in there and they took my last 5k at 6.30 had 10k and made some nice ching sold everything 6.15 and higher was in for 10k at 5.15
RE:SWHI sold it on Friday 359 shares at 13.00 and the other 641 shares at 11.00
PCS still heading higher.... Don't have my 679 shares yet but looks like a nice divvy and getting nicer even in this brutal market
Yuppers.... I've been buying bigtime and almost fully invested and in particular have been piling into junior golds. Once everything settles down and money comes back into the market I'm betting the gold sector is going to move bigtime. Not much room on my back anymore it's full of all the falling knives i've been catching lately :):):) As far as the otcbb's go pumpers and dumpers aren't going to waste their efforts in this ugly market. They'll be back shortly when times are better...
Only 3 posts in the last two hours.... We must be getting close to a bottom... You always tell when everyone starts getting worried.. no one posts anymore and this has happened on a regular basis lately...Everyone's either busy bailing or looking for a roof to jump off :):)
AMUG .008 x .01 just about time for another run. Some of these gold cheapies sure to get played sooner or later
GRDB printing 3.00 yeehaw !!!
I'll hold what's one more falling knife I seem to be catching a lot of these lately... ouch
Flipped my coin and plunked down my bet at 5.15 in the casino
LOL
WOW a revolutionary new way to invest!!!
Oh well least I know it's not my problem I'm sure they'll figure it out....
I dunno it's just not coming up for me
The webpage cannot be found
oh well
Not the daily list... The today's changes list of eligible securities changing to active....
Can't seem to access 2008 today's changes on the otcbb site ?? No problems accessing daily list or 2007 daily changes ?? Any suggestions ??
CN yuppers no more sellers today... happy with my s__t bids getting filled first at 10k 1.34 another 10k fill under 1.30
SWHI so for a 1000 shares ($ 13000) you get 679 shares of PCS stock worth $ 11916.... It'll be interesting to see where it trades at tomorrow on the x-date... Looking at the last 10Q they will still own about 150000 shares of PCS worth about 2.6 million. SWHI has only 1,187,867 shares o/s I think I'm reading this right ?? Interesting..
TOPLF some ducks finally falling into line ??? Still own some here and if the guys behind the company deliver like in the past it's pretty cheap at these levels.
Trans-Orient Petroleum Building Executive Team
http://biz.yahoo.com/prnews/080110/to437.html?.v=32
Significant Potential Demonstrated in Trans-Orient Petroleum's Multi-million Acre New Zealand Permits
http://biz.yahoo.com/prnews/080108/to339.html?.v=31
Amazing 13:32 AGDI Aultra Gold Inc. Common Stock 1/10/2008 Y From NBB (AGDI)**
Whoa out the last 5k of TIM-t at 15.00. Huge volatility here today :):):) ching ching
CN nice bounce off 1.25 now at 1.40... TIM-t out 5k at 14.50 not bad for 1/2 hr trade and got another 10k PTS-t at 3.00...
very thin offers on almost everything.... Vultures waiting in the wings for the panic sellers entering market orders........
CN etc etc. it's been like trying to catch a falling knife.. many of my s__t bids getting hit which were set well below market and even been lowered. We must be getting a lot of capitulation cause it looks like many market orders getting place and some are just bailing in panic. Hope I'm right but many of these should bounce back quickly when things settle down. Nail biting time for now..... Taking a shot at TIM-t filled at 13.90