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200 million market cap seems pretty high to me. EQBM would have to get a lot of things going in order reach that kind of valuation. With 300 million o/s shares that would put the pps at .66!!! Only if China and Ecuador are producing, plus the FE is up and running.
Is anyone here a paying member to buyin.net?? Someone told me the squeeze trigger is .02 and that they were going to email me the excel document. If the trigger is at .02 then this could really take off fast once news comes!!
I just bought 250,000 for my first purchase!!!
That is the 3rd time this morning that we have seen 100 shares @ .01 then mirrored at .0097!!! The last two times that happened there were 6 digit sells a few minutes after.
WOW, that was nice 200 share buy!! Keep it up longs. LOL
I believe 100% that the deal is done, however, you know that there are many out there who will begin selling this afternoon if the PR is not released!! That's what makes me nervous. I have some money on the sidelines just in case that happens!!!
Please don't be too late with the PR Larry!!! I don't want to see this perfect chart go to waste!! Hopefully someone talks to him today and find out the latest.
EQBM should break the 50DMA tomorrow!! I hope to see a PR in the a.m. or Friday!!!
We will soon find out!! It would be nice to look back on Sept. 1st and say that EQBM was the biggest percentage gainer in all pinky land for the month of August.
A quick T/A snapshot for those who care:
http://charts3.barchart.com/procal.asp?sym=eqbm
This is EQBM's chart next Monday and Tues:
http://stockcharts.com/h-sc/ui?s=PGPM&p=D&st=2006-04-10&en=2006-05-02&id=p2410787766...
You know what would be great is that the MM's in Frankfurt are holding all of the 40mil certs and the MM's back here in the states get screwed. That would be beautiful!!! This thing would go to .50 cents. I would love to see the China PR on Friday and then see the Frankfurt start trading on Wednesday in order to create a sort of chain reaction snow ball effect. If that is what ole Hurricane Larry is doing then I really believe EQBM will see the .20's quick!!! It will all play out but I think that would be the category 5 we are looking for. Show me the money Larry!!!
Don't worry ddwalker87, the deal will happen. Just pick up shares at these prices and enjoy the ride!! It is coming...
No trading in Frankfurt yet!!!
http://deutsche-boerse.com/dbag/dispatch/en/isg/gdb_navigation/home?active=histdata&module=In_Hi...
OK... who selling and why???? Whats the bid and ask??
Come on monster close!!!
Float will be 300 mil down from 400 mil.
jr, did you try to contact Larry today and see if the PR will come out tomorrow or Friday???
Eveyone needs to buy at the ask so that this thing gets moving. It will pay off in the long run!!
UBSS is so short they poses for trophies!
UBSS is so short you can see their feet on their drivers lisence!
UBSS is so short they have to use a ladder to pick up a dime.
UBSS is so short they do backflips under the bed.
From a technical stand point, I believe that EQBM is going to be up HUGE tomorrow!! It closed above the upper Boll. Band and they have been way too tight for too long. Up even more than today IMHO.
Thanks jr, I appreciate the kind words!!
Monk-e-mail from the weather center:
http://www.careerbuilder.com/monk-e-mail/?mid=12219307
I am now down only 5% on my EQBM position!! Time to party!!!
How much can UBSS sell at .009?? Won't last long IMO!!!
A$$holes are mirroring down!!!
I'll buy some at .008!!!
UBSS just went up to .009!!!
Is it Friday yet?? This week is going to go very slow unless we see something earlier out of the blue, such as a Red Lake PR!!! If we see .05 to .10 I would be so happy!!! Words cannot describe how I would be feeling...
Sounds great jr, Thanks!!!
Green enough for me!!!
Good volume and anything green!!
I hope to see a strong close!!
666k traded today!!! The devil is going to push this to the moon!!! LOL... If Larry does release a PR by the end of this week, then some will begin to sell. I will be on the bid picking up the cheapies!!!
Dedication monk-e-mail for the upcoming week!!!
http://www.careerbuilder.com/monk-e-mail/?mid=12165019
Currency Regime Change
By Doug Casey
The International Speculator
Jul 28, 2006
There is a major change coming that will catch most investors by surprise: the end of the U.S. dollar as the de-facto world reserve currency.
Play it right and you can make life-changing returns.
Central Banks Looking to Exit the Dollar
In the International Speculator, we've often mentioned the inevitable move by central banks to diversify their reserves out of the U.S. dollar. We've noted that, apart from the current situation, there is no precedent for any non-redeemable paper currency being held as the primary reserve of the world's central banks.
That diversification out of the dollar, with a lot going into gold, has begun. A regime change is afoot - though few have yet recognized it.
Recently, Russian President Vladimir Putin ordered the Russian central bank to raise the gold share of its foreign reserves from 5% to 10%. That's no small matter, given that Russia's reserves have surged to $247 billion - the world's fourth largest.
Accomplishing the shift to 10% gold would require purchasing 21 million ounces of bullion, which is about one-quarter of the world's annual mine production. And thanks largely to oil exports, Russia is accumulating additional foreign currency reserves at a rate of about $100 billion per year. With reserves growing so rapidly, just keeping the gold portion at 5% would require Russia to absorb a big slice of the world's mine output.
Meanwhile, in China, Monetary Committee member Yu Yongding is not alone in calling for Beijing to diversify its $875 billion reserves into gold to protect against a tumbling dollar. We quoted him last month, saying: "We need to use some of the reserves to buy other assets such as gold and strategic resources such as oil." More recently, Zhao Qingming from the Chinese central bank's Financial Research Institute and Luo Bin from its accounting department wrote in a note published in China Money Market that using some of China's forex reserves to buy gold could "maintain and raise the value of China's dollar holdings." That conclusion seems questionable, but the important thing is that more Chinese officials are jumping on this bandwagon. It's an idea whose time is coming - soon.
Given the trillions of U.S. dollars washing around the world's monetary system, these are not inconsequential developments. Quite the contrary. They greatly favor gold and other tangibles. What's the alternative for a dollar-heavy investor or central bank? The Who-Owes-You-Nothing euro? Or the yen, which is the proximate cause of the current bubble? How about the Zambian kwacha or the Vietnamese dong? I think not.
What's Next?
As explained in the April 2006 International Speculator article, Seasons of Gold, thanks to the traditional seasonal pattern, buying will pick up in August, which should kick gold solidly back into gear. After that, as the wheels start to come off the global economy, I expect gold to gain serious upside momentum. That's not to say there won't be corrections, even substantial ones, along gold's trek to $2,000 and beyond. There will be. But the trend for higher gold prices is firmly entrenched.
While there are many reasons for that trend to accelerate, the most important is the desire to hold the metal. That's why it's so significant that investment demand for gold is up 37% over the past year, much of the latter flowing into the more easily accessible and convenient Exchange Traded Funds.
Demand will only rise as the months go by and everyone from central bankers to oil sheiks to hedge fund managers to everyday Joes piles into gold out of distrust of the U.S. dollar... and of the government that purports to stand behind it.
And pile in they will, because money debasement is still very much the name of the game. If you were one of those resource stock investors who started to panic at the depths of the recent gold correction, take heart: the big-picture, fundamental reasons for holding gold - and especially high-quality gold and silver shares - are as much with us now as they were a month ago, and gold's continuing march upwards is far from over. In fact, I suspect in the historical context, it has hardly begun.
Central banks bailing out of the dollar, the wheels coming off the U.S. economy-the nightmare of every investor. Or maybe not... If you invest wisely now, the emerging paper bear market will eventually prove in your favor. As foreign governments look to avail themselves of more gold for their reserves, you should do the same. And investing in gold and other natural resource stocks is a strategy that promises even higher returns... if you pick the right companies.
For more than a quarter-century, Doug Casey has traveled across the globe and kicked rocks at remote mine sites. His goal: to find the best opportunities that can generate double and triple-digit returns (and sometimes much more)... usually within 12 to 24 months. Learn more here.
-Doug Casey
The International Speculator
How are thing looking technically for EQBM this week fringe??? Thanks...
Just a thought about what may happen to the PPS of EQBM when all things materialize this week. After the news hits and assuming that the street likes what they hear, then I feel that there is going to be strong resistance between .015 and .02. On heavy volume we could blow through that level quite quickly. Then comes the .05 level. Unless the volume is huge and the demand is high I think that we may need a little assistance in breaking that level. The assistance that I am referring to is that the longs and those holding over a million shares only sell little to none of their position at that price. If we hold strong and keep the trading float low we can get this thing to .10 in no time at all. If and when we hit the double digits, then I believe that will attract a whole new buying frenzy and we would hit .20 IMO!! Day traders may be good for EQBM to break .10. I will try to hold on to my shares until we pass any resistance and .05 to .10 are the walls that need to be climbed.
I’m off to the battle ship Missouri for the retirement of a General Officer so everyone have a good night and I'll drink one for EQBM and all the longs!!!
DOLPHY, the P/E is price to earnings ratio. Most producing gold companies trade at a PE of 10 or more. So, if EQBM is making $19m a year then the equation would look like this:
$19,000,000 dollars revenue / 300,000,000 shares = $.063 a share
So, $.063 would be the "book value" or the price to earnings of EQBM.. Like I said earlier, one could throw in a PE ratio of 10 for a producing gold company.
$.063 x 10 = $.63 cents a share.
This is a basic number because I don't know the taxes, operating cost, and other places that the 19m may go towards!! However, if the 19m is the bottom line and all that money goes towards the earnings of EQBM, then the above equation is exact.
Let me know if this helps???