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Official Exit Poll Results -- Iowa Straw Poll
Ron Paul______37.01%
M Huckabee___20.85%
T Tancredo____16.72%
Mitt Romney___10.03%
S Brownback___06.91%
T Thompson____04.35%
D Hunter_______01.34%
F Thompson____00.89%
Rudy Giuliani___00.67%
John McCain____00.56%
John Cox_______00.45%
Ron Paul actually won the Iowa Straw Poll by a large margin. They used Diebold machines to count the votes. Election fraud must be stopped.
.02!
I think you are right. It only takes a few hundred bucks worth of buying to put this one into skyrocket mode.
Amazing what a small amount of buy volume can do for this stock. With large volume this thing could see a dime again in a heartbeat. I think someone already said that but it bears repeating.
I agree. Nobody should let a verbose individual intimidate them into selling (usually at the lows) just because they use good grammar. A plethora of well-polished phrases doesn't automatically add up to sage advice. In fact, some of the best traders I know use atrocious grammar.
It is difficult to marshall all the facts with pink sheets. Too much obfuscation abounds. TNOG could help matters greatly if they'd clear the air. They'll do that on their time, not ours.
Novus, he has zero proof--it's all conjecture on his part.
Is our dormant shell shaking off the dust?
Strong volume on SRLM lately. Another push toward $10?
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Wallace, Idaho - August 8, 2007 - (BUSINESS WIRE) - Sterling Mining
Company (OTCBB: SRLM) today reported that the re-engineered Silver
Summit Hoist is entering the final stage of commissioning. In addition
to performing design and engineering for the power supply, hoist drive
and controls, oversight and testing of the hoist and its safety
features is being provided by Spencer Engineering of Ontario, Canada,
an internationally respected hoist engineering firm, in order to meet
stringent federal mine hoist regulations. The hoist is expected to be
ready for service by mid August.
Raymond De Motte, Sterling's President and CEO, commented "The Silver
Summit Hoist is a major component of our mine plan's critical path to
build production capacity from mining at depth. The Silver Summit Shaft
is required by law as a secondary escapeway for the Sunshine Mine in
accordance with modern safety standards. Once the hoist is commissioned
for full use, we will focus our attention on repairing the Silver
Summit Shaft down to the 3000-foot level to complete the escapeway.
Next we will restore power and services in our Sunshine and West Chance
vein blocks for mechanized mining to resume from the 2700 and 3100-foot
levels."
Initially, hoist operation servicing the Silver Summit Shaft on the
east side of the Sunshine Mine will provide for the movement of
equipment and personnel to the 3000 foot level. As deeper mine
development and exploration is expanded, the service of the hoist will
extend down to the 4000 foot level.
On the west side of Sunshine Mine, the primary Jewell Shaft hoists were
re-conditioned and have been operational since April 2004 down to the
3100 level.
I'm thinking this is the bottom or close to it. If there is a hint that rates will be lowered it will definitely be the bottom.
Yeah, the sky is falling. LOL. Have you looked at their subs and assets? Looks good to me. Really--you gotta buy stocks like this near the lows when nobody wants it. That's how you make money. JMHO.
Would be nice to see SRLM getting money from silver sales rather than dilution. Silver mining will happen, I know. Still, the wait seems long.
I like the news and volume on this one. I'm in. GLTA!
RC--thanks for the PBLS tip. Just picked up a batch of shares. I also just averaged down on UPDA too. Hard to pass up these low prices.
Here's why I like companies like UPDA: The price of oil is high and going higher. Some are already talking about $100/barrel oil. Americans use over 20 million barrels of oil per day. The U.S. needs to reduce its reliance on mid east oil. We all know the region is a powder keg. Domestic drilling is very important and that's the business UPDA is in. Speculative? Yes. Have they diluted in the past? Sure. But I'd rather have a company that is producing right now over one that has nothing but an obscure lease or two and trading on 'prospects.'
When gloom and doom is deepest, that's the time to buy. JMHO.
OT: PBLS looking good today--thanks for the lead.
I am a paying member. I have never bullied anyone and I am entitled to my opinion. We were discussing this stock and you told us to 'shut up' which is an example of bullying.
Your original message needs to be deleted:
"Rally cry and Montanore... you are new here... A while. Please search the board a couple of months of... maybe years.
And SHUT UP !"
I'm sorry you lost money here and I'm sorry if the fact that I'm long annoys you. Have a nice day and let's keep the discussion on topic in the future.
Thank you; over and out.
Good idea. I will write them too. At this stage all UPDA longs are bagholders, lol.
I will be watching to see if I get my CFUL shares sometime this month. Whoever gets them first should let us all know...
Highfive--as you know, every short contract (seller) must have a long out there who wants to buy it. As far as I know they don't pass on the short contracts--they simply create new ones. The trouble is the shorts (Goldman Sachs is a notorious silver shorter for example) can essentially naked short all they want because they know physical delivery rarely takes place. Can you imagine some short coming along and shorting 20x the amount of TNRI stock available? There'd be outrage! But the COMEX makes delivery difficult and the shorts know it. It's easy to force margin calls on the paper longs who must sell to cover. It's an uneven playing field designed to give the advantage to big money shorts/bankster/hedge funds. What's going on in my opinion is a crime just as bad as anything that happened with Enron and the Fed is complicit because they don't like silver or gold--real money--competing with their debt instrument (the dollar). A handful of shorts are basically controlling the silver market because they are allowed to short ridiculous amounts of it even though they couldn't possibly cover because that amount of silver does not even exist! The silver that does exist is mostly leased. Shorters are getting something for nothing. You can check out the COT report to see the imbalance.
Again, shorts know that actual physical delivery has been made difficult for the longs. It's all done by leveraging paper and no silver is expected to actually change hands. The CFTC can and has changed the rules to help out their big bankster buddies. Remember in the Hunt Bros. days how they outlawed buying of silver--they only allowed sells in order to stop the panic by the shorts. If some buyers come in now and insist on delivery, that will again put a lot of pressure on the shorts. Who knows if they'd temporarily outlaw long contracts again. Maybe, because it's that crooked. (That's why I laugh when folks want the SEC to protect us--they're there to protect the big money powers, not the people!)
We need the longs to take physical delivery to force the shorts to cover. Period. It would help if Joe Sixpack started buying silver coins too, but he's too mesmerized by myriad distractions and besides, he's broke and inflation is eating away his purchasing power. Buying silver is the last thing on his list of priorities.
And so the game continues...
Can't really blame 'em. Sure acting like a POS. It's gotta be tough to throw in the towel near all-time lows, though. CFUL is up again today, lol.
HUGE short position on silver. When will they deliver?
----
The most recent COT, for positions held as of July 24, showed an increase in the commercial net short position in silver, and especially in gold, where the weekly increase was the largest in memory. How any market observer could not trace the sharp decline in gold and silver prices to the engineering by the dealers is beyond me.
The good news is that, particularly in silver, the sharp price decline appears to have allowed the commercial net short position to be significantly reduced, perhaps to the extreme low readings of a few weeks ago. Of course, we must wait until the next COT report to see if this is true. In the meantime, given the recent relative price weakness in silver compared to gold, switching of gold into silver is reaffirmed.
What we don’t have to wait for is further confirmation that the silver market is manipulated by virtue of the outsized concentrated short position. In fact, a new and ugly record was set in the latest COT. The 4 or less largest traders’ net COMEX futures position grew to 52,864 contracts, or the equivalent of more than 264 million ounces.
http://www.investmentrarities.com/07-31-07.html
They haven't made it easy to believe in lately, that's for sure!
Good luck to you too!
One last thing: Go to pinksheets.com and you'll notice that TNOG comes with a yield sign due to limited info released by the company. Not a stop sign and not the skull and crossbones symbol that is assigned to known scams. A yield sign.
TNOG has had it's problems like any other start up company but it is not a scam. Period. They honestly drilled for oil, so all the naysayers can now refrain from digging up this old, tired and oft-refuted chestnut.
Good to hear and I hope you're right--there are some patient longs here who deserve some good news.
I've probably been in that same bar, lol. I have an autographed book titled "The Silver Pennies" that lists all of the large and small mines in the Silver Valley. I've been keeping track of them for nearly 2 years. A few have made some impressive moves, but most are still range bound and many have non-existent volume. I expect this to change once silver prices break out of the sideways pattern that has been going on for far too long. The silver to gold ratio is way out of whack.
I talked to a retired Sunshine miner in Wallace and he said there was a flooding problem in the mine and they had nowhere to pump the water. But this has been disproved by the company as an internet rumor. Some of those old miners are just disgruntled. SRLM has been getting all their ducks in a row and soon they'll be back as one of the top 10 silver producers in the world. JMHO.
Hi PnP, yes...still waiting for TNRI on its launch pad here, but I disagree with you about silver taking its time to $20. Once the range-bound chains are broken the short covering scramble will send the price of silver to that level very quickly--where in my opinion it should be right now. I think it should happen sometime this fall. We'll see!
Remember also that the SEC put many pink sheet scams out of business back in March. TNOG was NOT one of them. If you think TNOG is an obvious scam, why didn't they shut it down? It's easy to paint any pink sheet stock with a thick accusatory brush of 'scam' because all pink sheet stocks have plenty of fleas to pick on and there has never been a shortage of seemingly rational characters here doing just that. They'll even correct spelling/syntax errors made by longs (but never those they make themselves).
The fact that TNOG still has so many folks posting here and elsewhere tells me that there may be another short covering spike sometime this year when the grandfathered shorts of the past will have to cover. They want to the price to be as low as possible before doing that. Remember, TNOG has had 100 million volume days out of the blue and it has gone to over a cent in one day on no news. It can happen again. Then you'll wish you had held on.
JMHO
Silver has been trading sideways for a nearly a year and a half in this range. I won't be impressed by $13 or $14. I'm waiting for $18-$20 just to get silver back closer in line with gold. Right now the silver-to-gold ratio is over $50 which to me is ridiculous. Historically the ratio was 16-to-1. The naturally occuring ratio in nature is 17 to 1. In other words, the earth has/has had 17 ounces of silver in the ground for every ounce of gold.
Now we have a systemically weak dollar, oil high and going higher, gold is higher and yet we have a silver shortage and rising silver consumption while at the same time the central banks are still able to keep silver prices rangebound by floating endless paper short contracts. They can do this because these banksters control the playing field. But how long can they keep their pressure cooker running at full tilt without it blowing? A fun game to watch at least.
Uh, wrong. TNOG said they'd drill for oil. The fact that they hit a dry hole is not cause for undo condemnation--dry holes happen with XOM all the time and you wouldn't call them a scam would you? Their Stanley Well produced a lot of oil and that's verifiable. Even Crow himself said TNOG is NOT a scam. Sell if you must and good luck to you but if you listen to voluble characters who live on a message boards and let them sway you with your buy/sell decisions (especially with pinks) then you're going to need more than luck. Try putting those with obvious agendas--whether they be pumpers or bashers--on ignore next time. That's what I've done. Otherwise you'll be saying 'me too' a lot in the future.
This is down five days in a row since it was heavily pumped. Just another pump and dump and it looks like it's going lower tomorrow. JMHO.
I've been watching ACKO and ATEX for some time too, but I wouldn't be a buyer until I see them go sub-penny. Both trade on very low volume so it may take awhile to get there--if they ever do. Ideally, it's good to wait and watch for big volume to move in which signals the bottom has been put in.
Good luck to you.
Pinks are very risky stocks. We all know that. A lot of people thought K1 would be a producer and the initial signs were very good. Their Stanley Unit had already produced a respectable amount. Everyone knows this. TNOG honestly drilled for more oil at K1, but it came up dry (watery, actually) and they left a lot of people holding the bag as a result. The situation was made worse by the fact that they waited too long to release the bad news.
I don't think you should make fun of 'bagholders'--Kid in particular. Anyone who has ever played the pink sheet stocks for any length of time has been left holding the bag a time or two. Gamblers don't win 100 percent of the time unless they're cheating. Being a bagholder is a good learning experience. The pain endured from losing money is a far better teacher than hectoring and ridicule from others.
TNOG has left a lot of questions unanswered. We can only hope that once the latest management gets their act together they'll have the courtesy to answer all the questions. Good or bad, we deserve to hear the facts. Until then, it's a waiting game. The 'bagholders' may yet prevail. Who knows, a few years from now their Kern lease just might produce a few million mason jars of oil.
Vote for Ron Paul.
http://www.gopstrawpolls.com
Crow, you should point out that you have mentioned before that you thought TNOG was NOT a scam. They simply could not find enough oil in their K1 well. They honestly tried to find the oil and indeed, they have produced oil in the past.
As for mining scams, sure. They happen. Lots of scams in pink land. TNOG is not a mining stock, however.
Silver has been trading sideways for nearly a year and a half. With the systemic weakness of the dollar, it looks like silver is now very close to breakout time. Silver should see $20 before year's end and PM stocks (TNRI included) will start moving north. Of course, TNRI could break out regardless if they release some good news.
CFUL--HOD 3.92 +.20. EOM.
I direct you to your post 1920, lol
"first they pumped CFUL to dump lots of UPDA shares on those who wanted the CFUL divi, now they'll kill CFUL itself..."
Bureaucracy can be slow. We'll see if it's a snafu or not.
Meanwhile, howzabout that CFUL? I't up over a buck since you said it would crash and burn!
One share of CFUL common stock will be distributed to UPDA's common stockholders for every 50 shares of UPDA common stock held. Every UPDA common stockholder will receive at least one CFUL share in this distribution and fractional shares will be rounded up to the nearest whole number. The date of the distribution will be August 1, 2007 to UPDA's common stockholders of record on July 11, 2007.
-----
We don't have long to wait to see if this was BS. I'm pretty sure it's not since there will be lawsuits if they don't distribute the shares.
Many people talk about how far or near silver and gold are from their all time highs. But the dollar in 1980 was worth a lot more than it is today so those highs are still a long, long way off. Adjusted for inflation since their highs in 1980, silver's all-time high would have to get to $124.70 and gold to $2,119.84 to match those all-time highs.
Silver is still relatively near the bottom and it's actually getting cheaper as the dollar declines. It has traded sideways now for almost a year and a half. How long can this last? Certainly not forever. Silver is cheap and so is TNRI.
Aren't we back in the great abyss already?
CFUL closes at 3.45. NICE!