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VKML - Tea anyone? Agreed! These patterns you can spot a mile away...
VKML -- DID you call your mamma on this?
TKDN - Bids are moving up...gonna be another nice move up....slow and steady...
VKML -- I am tellin ya! .19 pullback and consolidate... .12 -- .10 -- then .19 -- then .15ish IMO we will see...
Agreed...eventhough it's red it's just a pullback...should see next huge TECHNO-RUN...IMO!
VKML - Chart truly poised and ready to run fast and hard...IMO!
NHPR - we could see a huge move here...EOM IMO...
If you see anything new on VKML...I am the first to know...K? LOL!
Bizzzzzzzzzzzzzzzzzzzzzzzzzzzz! BIZZZZZZZZZZZZ!
Agreed! Purely gonna hit .19 and consolidate EOM IMO
VKML - Also the Quarterly report recently filed...
Form 10-Q for VIKING MINERALS INC.
--------------------------------------------------------------------------------
17-Aug-2011
Quarterly Report
ITEM 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward looking statements are often identified by words like:
believe, expect, estimate, anticipate, intend, project and similar expressions or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.
OVERVIEW
Viking Minerals Inc. was incorporated in the State of Nevada as a for-profit company on March 24, 2006. The Company is a development stage company that is presently seeking mineral claims for development.
PLAN OF OPERATION
The Company has not yet generated any revenue from its operations. As of the fiscal quarter ended June 30, 2011 we had no cash on hand. We incurred operating expenses in the amount of $11,282 in the quarter ended June 30, 2011.
Our current cash holdings will not satisfy our liquidity requirements and we will require additional financing to pursue our planned business activities. We are in the process of seeking equity or debt financing to fund our operations over the next 12 months. Management cautions that financing may not be available to us on acceptable terms or at all, and thus we could fail to satisfy our future cash requirements.
If we are unsuccessful in raising the additional proceeds through equity financing we will then have to seek additional funds through debt financing, which would be very difficult for a new development stage company to secure. If the company cannot raise proceeds via a financing through its common stock or secure debt financing it would be required to cease business operations. As a result, investors in the company would lose all of their investment.
Management does not plan to hire additional employees at this time. Our President will be responsible for current operations. We will use third party consultants should we require assistance in any activities.
OFF BALANCE SHEET ARRANGMENT
The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
VKML - no new NEWS yet...it would be awesome if we get something hot around 1230 during "nap-time"...hehehehe! There had to be something big coming IMO...
Wow Dude you dig DEEP! GOOD FIND!
VKML - Here it is...
Form 10-K for VIKING MINERALS INC.
--------------------------------------------------------------------------------
14-Jul-2011
Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
FORWARD LOOKING STATEMENTS
This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like:
believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of our report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. We are a development stage company and have yet to generated enough revenues to achieve profitability.
RESULTS OF OPERATIONS
We are still in the development stage and have generated no revenues to date.
We incurred expenses of $86,134 from inception (March 24, 2006) to the year ending March 31, 2011. These expenses consisted of general operating expenses, professional fees incurred in connection with the day to day operation of our business and the preparation and filing of our periodic reports and recognition of impairment loss on the properties purchased. Our net loss from inception (March 24, 2006) to the year ending March 31, 2011 was $86,134.
Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated revenues there is no assurance we will ever reach profitability.
The following table provides selected financial data about our company for the years ended March 31, 2010 and 2011.
Balance Sheet Data: 3/31/11 3/31/10
------------------- ------- -------
Cash $ 0 $ 0
Total liabilities $ 58,634 $ 16,924
Shareholders' (deficit) $(58,634) $(16,924)
LIQUIDITY AND CAPITAL RESOURCES
Our cash balance at March 31, 2011 was $0 with outstanding liabilities of $58,634. Management believes our current cash balance will be unable to sustain operations for the next 12 months. We will be forced to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan. We are a development stage company and have generated no revenue to date.
PLAN OF OPERATION
Our cash balance is $0 as of March 31, 2011. We believe our cash balance is insufficient to fund our levels of operations for the next twelve months. As a result we will be forced to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan. We are a development stage company and have generated no revenue to date.
Our auditor has issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have generated minimal revenues to date. There is no assurance we will ever profitability.
OFF-BALANCE SHEET ARRANGEMENTS
We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
Hey Flex,
What did you think of the 10Q Annual report?
I Agree! Let's go!
Thanks for the reminder! I usually read over twitter on stocks like this...
VKML - I think with Gold prices sooooo high mines and gold company's are huge on the watch...remember these mines produce...they already been acquired!
VKML - volume on a chart like this should be through the roof...IMO
Agreed! With the float being only 108mil people are holding for something bigger to come...IMO...
Hmmm...250k @ .055 -- not that big...lol
You'll see! ;)
Thanks again! Tomorrow should be interesting when it breaks through .12...I say that because I am optimistic...and I will check that link...
Thanks my4ntoy...
VKML - .12 pullback to .10 then run to .19/.20 ...IMO
Thanks for the recommendation but not liquid att...
I am serious dude...I want those gold stars... ;) $$
Thank you so much GTR!
52 Week high is what... .30/share
now when you run your volume scanner for anything out of the ordinary you are gonna get something like VKML because the prior volume has been low but todays volume was 233k which was over 10 times the previous days or weeks volume for the stock...
Thats why we started diggin into this one like a freakin "GOLD Mine" no pun intended...LOL!
I will call up Brandy and ask her if she can get on making some changes to the site just so you can...lol
Thanks bro!
Thanks! Yeah i mean it's like POTG but actually has results...
I mean POTG went from .08 - $1.20 in a couple weeks off acquistions and surveys on properties...but mostly on acquistions...if you know what i mean... these properties were in PERU super cheap IMO and just aquired...
POTG - qoute from newsletter on promo
These 2 new properties are in an area that is very rich in Silver, Copper and Zinc, and are completely surrounded by a property that is mainly owned by the largest mining company in the world. The properties are also very close to the Peruvian Cordillera Negra, which is also very rich in Gold, Silver and Copper.
In fact, these newly acquired properties were very much in use 20 years ago, but were forced to close down due to very low prices of precious metals at the time. With Silver trading as high as 49$/oz recently, POTG believes these properties to be once again very viable and profitable!
Nice POST! I will try to see whatelse i can find!!!
VKML - Flex is that all i am to you is a number...LOL J/K...
Hey I found some news on Google Finance (GF) on this...basically the first place i look...
press release
Sept. 6, 2011, 4:16 p.m. EDT
5.23% COPPER at Viking Minerals Dolly Varden Property in Elko County Nevada
PHOENIX, ARIZONA, Sep 06, 2011 (MARKETWIRE via COMTEX) -- VIKING MINERALS INC /quotes/zigman/623217 VKML 0.00% ( www.vikingmineralsinc.com ) reports up to 5.23% copper from its first five assay results at the Dolly Varden Claims, in Elko County, Nevada.
The five samples were shipped to the ALS Chemex lab in North Vancouver, Canada. All the samples were taken from the first hole. Two of the samples were taken in the visibly malachite stained zone and three were taken from the altered rusty pyrite zones above and below it.
Silver Gold
Footage Description Copper ppm ppm
446.5 - 448.5 Malachite stained zone 5.23% 7.2 0.022
457.0 - 460.0 Malachite stained zone 2.63% 44.9 0.058
202.0 - 204.0 Upper dissem. Pyrite 1395 ppm 1.9 0.021
250.0 - 252.0 First rusty zone 487 ppm 0.8 0.008
532.0 - 536.0 Lower part of altered
zone 117 ppm 1.0 0.005
TKDN - I like slow and steady, but i still think possibly over 10% under 20%...IMO based off historical moves similar to HHWW, LEXG, ALZM all holding on the way up...
VKML - NICE so a MINE that actually has and is MINING COPPER...producing results...That's a lot of pennies...
VKML - I would have to say i agree with SUPERCASH4ME on this one...
240 Million Common Shares Cancelled! >>> This is awesome news!
VIKING MINERALS INC. (OTCBB: VKML) (www.vikingmineralsinc.com) reports that the company has cancelled 240,000,000 common shares in order to greatly enhance the position of its shareholders. The Company is dedicated to enhancing shareholder value and advancing its resource projects to maximize the Company's position in the marketplace.
Company President Charles Irizarry stated: "The global demand for Gold and Copper has never been greater and Viking is well positioned to take advantage of this demand with its Dolly Varden property in Elko County Nevada. Viking will aggressively pursue near term production opportunities over the coming quarters. By reducing the issued and outstanding shares in our company by 240,000,000 or two thirds, we have not only dramatically enhanced our shareholders value, but also provided the company with the flexibility to acquire production assets using both cash and stock with minimal dilution to our share holders"
Hey Flex, good thing I follow you!
You on to the next hot move...Mining Comany VKML
VKML trading at .085 holding slightly above the 10 day moving average...
Did you see this??
Viking Minerals (OTC: VKML) Reports Up to 5.23% Copper In Its First Five Assay Results
Viking Minerals acquires and develops near-term producing copper, gold and silver properties in the USA and Canada and is focused on developing its Dolly Varden properties in northeastern Nevada which are adjacent to the Victoria Copper mine. On Tuesday after the markets closed, Viking Minerals recently reported up to 5.23% copper from its first five assay results at the Dolly Varden Claims. These results have exceeded the company’s expectations. However, Viking Minerals fell 20% to $0.0720 (VKML has a 52 week trading range of $0.01 to $0.30 a share). Investors should note that Viking Minerals has no revenues; net losses of $11k, $33k, $7 and $1k for each of the last four quarters; and no cash to cover $59k in current liabilities. However, it should also be noted that back in June, Viking Minerals cancelled 240,000,000 common shares in order to improve the position of current shareholders.
Agreed! Holy Crap! Bid 1.14 Ask 1.30...i mean i know it's closed but it closed at 1.19 nice move today up another 8%...tomorrows move should be HUGE!
Happy Trading!
Yeah we will...starting Friday I will place a fat azz bid on BUCS and you will know it is me because it will be the low of the day...
Thanks for posting this...very informative...
I know tempted to buy them up...lol