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I read it as he was implying it would have to do a 1 for 2000 split to hit .20
Man i hope the r/s isnt that much..i belive that if the stock moves its based only off of how its bought and sold with the hype from pr's quick up trends and strong pull backs and not based off any fundamentals of the company as in revenue, company foundation and reputation..the smallest coal company i can find was producing 29 million tons a year so as far as fcgd mine its tiny and couldnt support much..i do not think it will be easy for them to produce it fast enough and sale for top dollar being who there are and mine size..imo the cost to produce the coal is to high and harder to average out per ton being the mine is so small keep in mind it said the company that was mining it went belly up i have to look at it that the other company new more than fcgd because they are not a coal company..im sticking around becase its cheap and anything is possible but if i had to put a run price on it over the course of 6 to 8 months with alot of up and downs it would be with possible highs of .10 to .25
I respect everybody's opinion good or bad..i do agree with you there's more pointing to bad than good here..if and when it runs it wont be much and very short lived..but im still keeping hope but doesn't mean it will happen..so for the next people reading this i only ask to keep it respectful to others and please tell us why you believe its a good play..i look at is as people cant be happy that the news is out and it is having a reverse action to what it should..
Im not ready to sale just yet but losing faith quickly..
My issues with it..
Weak coal market
Fcgd new comer to the game..
At top dollar only $8 to $10 per ton profit for revenue..pay roll, taxes ect..
In 2016 the coal was only $38 to 40 per ton the market isnt any better now than then..so could be walking into a loss right off the bat..but with fcgd being a new coal company with there background i think it will be hard for them to get top dollar for there coal which could stop them from getting contracts and any type of backing for ruff times
But i still hope for the short lived run it may do if they can pull it off..
Its old news already no market action im guessing meany of us are looking for plan B or C theres nothing to see here..
If tomorrow stays the same as the last few days we will be close to a half a billion 0001's sold with no bid..
Well imo that news is now were close to what it needed to be to move this so the dilution will keep going there will have to be a r/s..fcgd isnt going to be able to get top dollar for the coal they dont have a name in the game also the coal market isnt very strong right know so i see it being a loss even if they pulled off contracts it wouldn't be at full price also they didnt say anything about the contractors doing the work..so once again its news day and we already need more news in hopes of getting it to move
News is out...im not impressed there talking only $8 to $10 a ton profits..thats if the coat sales for $50 it wont be any higher in 2016 it went for $38 to $40 so we could be a huge loss
Are you kidding me really..they cant even get there drinks to market and make money..but know start a hair salon what a joke i surely hope people dont fall for this crap its stupid and goes in a completely different direction there idea will never be anything and cant keep up with great clips or sports cuts what a joke..$25.00 i get my hair cut for $7.99 people dont have time for this stupid crap or the money..
I think its legit..i emailed them last night asking if we would get news this week on coal and revenue projections..they emailed back saying..yes we will will be releasing projections today at close thanks for the continued support..
I just received a email that said fcgd will be releasing pr on projections today at close..
We all wait this to do good and if everything that has been said is true and they do pull coal out of the ground and sale it then it should be but it will take some time..if fcgd is flipping the bill for equipment then you can bet your a$$ there will be massive diluting to cover that cost like today..but the problem is that the CEO is a well known scammer so is what we know true or will he mess this up or take money and run at some point i guess we will just have to see..but for this thing to move we will need volume in the billions
It doesn't make much sence to me but i think it is saying its over bought..and its at a decline
I just put in a order for a mil.and it was filled as soon as i hit the buy button..
I was wrong $51.57 a ton
https://www.eia.gov/energyexplained/index.cfm?page=coal_prices
Bituminous accounts for 45% of the coal used in the US..in 2015 went for around $35.00ish a ton
Does anybody have any idea on what type of coal there mine has.lignite.subbituminous.bituminous.
Anthracite..this would be a big deal to know
Im glad there is finally some people surfacing that dont only think since they woke up this morning fcgd is going to make them rich. and that it will take a miracle to move this stock..and if it does move there will be massive dumping to stop whatever momentum it had..im hopping for the best for sure but just dont know at this point..if the next pr is very informative and it doesnt move then its a dud in my book and imo there will need to be a r/s its starting to make me think of (DRYShips)
20m + 0001's just snatched up..
Suppose to be more news this week with tonage and revenue projections and coal company info so could be good if its informative enough but it will probably be a month or two before coal comes out of the ground..
Its friday nobody got rich you know that kinda thing
I want this stock to take off just as much as everybody else..i own alot of shares just like most of everyone else..im not bashing this stock just tired of the every day talk about the great news coming or how this will mysteriously jump its going to take some time after coal comes out to the ground and gets sold and revenue get posted...you may call me a basher or negative..so i call you folks dreamers, wishers and unrealistic on your time line and some have led some newbies and the none DD er's to buy because at any minute it can soar..
Not negative but realistic. I have owned stock here for a long time...just made a account for another board to answer some questions..anyways every day i read all the hopes and dreams and unrealistic stuff being said and im here to say nope it wont be today or tomorrow maybe 6 months we start moving up some..
P.S. YOU DONT KNOW ME
Yep massive wall of 2's when you can still buy 1's all day..this stock will do something it wont be for some time months next year maybe..it may climb up but billions will be dumped and with in 24hrs it will be right back were it started waiting on unicorn news..
Get them 1's all day every day for months to come..
Yep as we sit with a no bid after the news lol..i hope your right but i know better i will look on here later closer to close and see what the new outlook is..
I think thats what the problem is to many people trying to predict what will happen..this new wont move this stock so now we all start anticipating the next news and the next news..the only reason this stock moved a few weeks ago is because it wasnt on anybody's radar now everybody and there brother is locked and loaded waiting on some magical news to get it going..so all predictions are months and months off if it ever happens with out a r/s..its going to take a act of god to move this and keep it stable good luck everyone stay realistic..
Its going to take better news than that to move this..maybe the news in a month will be better..
Is it your cousins company..
Hey likegold whos the people in place to extract the coal..were did that info come from..
Talked to etrade this morning about the VATE divy..there restricted for 1yr then we have to pay $150 to register them..