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yeah, I knew that, cause golddust had to go to work with his loader clearing snow for his clients.
We finally got some cooler weather here in the PNW, and some snow in the hills. Still, it's the worst snowpack in 100 years..fire season already..ouch!!! Now back to sunshine, but highs in low 50's versus record 68 of two weeks ago.
nds, nice of you to fill us in. Two problems, they have reported no mining activities to MSHA since 2003. Maybe because they have no current lease, so cant mine or sell the tailings...and yet they report this mystical "sale"
And two, do you think a leopard can change his spots?:
http://www.sec.gov/litigation/complaints/comp18016.htm
Finally you make sense. That is all AKOL is, a Pump and Dump...
Check out XLPI, which ran on real news, and even bigger...It should do it again next week, as more contract news should be announced. http://www.xcelplus.com
Good morning nanuk!! You had some snow yesterday, I hear!
Awesome place, had the best skiing of my life there...helicopters and 5000 foot huge alaskan faces, YEAHHHH..
200 miles from Cook Inlet, what's yer point..jealous?
Nice piece about Usibelli...never heard of them of course.
But how is it relevant in any way to AKOL and it's (questionable) 50% share of a HUGE 80 acre plot?..which has had no exploratory drilling done....
I hope you're holding the bag here...as the price drops back to where it started....you deserve it, rather than the suckers...who ARE bagholders.
farnrth,
You said..and apparantly the company lead you to believe that this is accurate:
"The Company claims current Gas Reserve is a fully documented reserve with an estimated 1.9 trillion cubic feet in the Cook Inlet Basin."
That's a BALD FACED LIE! and you know it. Go ahead, maybe you can pump this scam one more time....there's plenty more suckers out there.
Normal chart--for an outfit that has nothing but some fancy new mining doodads, but nothing of value to use 'em for....
Any bets on when they join The other "X" at .0001?
https://myalaska.state.ak.us/business/soskb/csearch.asp
Type in Fowler, Frontier, Alaska Oil and Gas...hmmmmmmmmmm
nanuk, be sure to see my post just below. Cheers and good work here!!
the chord, You sound like Mancini/Needham.
Nanuk, I just found this site. A friend of mine from Raging Bull, gold_dust444, told me about AKOL, last week. He is a gold miner from Anchorage. We are involved in trying to shut down a much bigger and longer ongoing scam that this, NMCX. Come to the RB board and check it out.
While doing DD on this, I had questions right off. It is painfully clear what the company is doing by attempting to make it seem that the total reserve figures for Cook Inlet somehow magically can apply to their measly 80 acres....which may not even exist. I couldn't find any data on Fowler either!
Mancini had answered my first brief email, but ignored the second with some togher questions, but not about the reserves.
So I sent Mancini a third email this morning, accusing him of perpetrating this con on purpose. Told him I might let the SEC in on the little incident. He fired back with a lame denial and told me to bug off. He also denied making a statement in any email about how they might hit it huge any day....and I found that quote again!! Lying scumbag.
Obvious scam pump and dump in progress. Glad you've been on it. Looks like the run is over. I feel bad for the newbies who bought in late, and for the old bagholders. I may put a couple of your posts up on RB. Sounds like oil is your life, but you oughta look up golddust. He has some major things going on, owns several claims, one of which may turn out to be HUGE! I post as rodgdodg over there.
Read this story, scams run rampant...
(Video coming soon...get your advance copy...just as hilarious as "Girls Gone Wild" is titillating...hehehe)
Gold Garbage: Scams New & Old
by Dr. Ralph Pray
_______________
Here’s what actually happened, described in the case file documents:
<<<
Based on a precious metal assay certificate signed by a registered southwest assayer, the sellers, in consideration of the payment of over $53 million, transfer over 185,000 troy ounces stored in a warehouse to a company based in Norway.
This document was signed and notarized in a southwest town, and was publicly distributed in 2001.
Guess what?! The warehouse floor concrete may have a higher gold assay than the concentrates sitting above it valued at fifty-three million. The faxes between Norway and the U.S., sent to accounting firms, investigative agencies, and the seller’s office, would paper the walls of a three-bedroom house. The Norwegians asked for ethical technical help, but only after the fox had already left the henhouse.
Before anyone with an itchy finger pulls the hammer back, there is one consideration—the sellers gave the buyers a huge discount, a precious metal discount for contained platinum, etc. Not many of those around. Against that smoke and mirrors asset the overseas owners have to cough up the monthly warehouse fee on storing fifty-three million plus in a lonely, unguarded building. In an unusual power play, the sellers got on the buyers’ board of directors and called the shots on the who, what and when of confirming assays.
People have worked their way up from silly little lies over many years to scams like these. Behind almost every mining scam is a professional person gone haywire, in this case an assayer. All sorts of associates get dragged into the circle.
Another scam, the multi-billion dollar Bre-X disaster, with something like 42,000 salted samples, began with a spoonful of copper-gold shavings in one drill core sample. It worked. Based on the true assays of the salted samples, Canadian stock promoters innocently kited the shares. Geologists at the drill site saw a way to enhance job security. Plenty of placer gold was available from the local Indonesians. This gold was carefully weighed and secretly mixed into each of the diamond drill samples crushed at the remote site. The independent assay results were checked and rechecked. Fine.
Two of the geologists got a recorded thirty million cash each from the sale of their Bre-X stock. A major mining company came in to check three years of drilling by putting in their own core holes next to a few market stimulators. Nothing in hole after hole.
One of the original salting geologists, by now quite famous because of his “discovery,” was so afraid to face the music at the last minute he bailed out of a chopper bareback from a thousand feet. He didn’t get to spend his thirty million.
Closer to home, the recent and current fakery in Southern Nevada’s Eldorado Valley is a textbook case of a “Disneyland Mine in the Desert.” The players, many of them professional people, a few of whom are well-known, are stubborn illusionists who stumble repeatedly over the shortest word in the mining lexicon: ore. To them ore is any rock on their claims. Their stable of half-assayers generates the mineral “Promotorite” out of alluvial cobble through a series of lab tricks and double-talk. Such fake assays are old stuff. What’s new in the Eldorado Valley case is a string of PhD experts testifying in Federal Court that their lab magicians are believable. Maybe these outside consultants get all backwards thinking a half-assayer is better than no assayer.
Back to the 53 million-dollar concentrate sellers. Just before the Norway scam, the southwest alchemists had a crack at buyers in London who didn’t fall for the deluge of documents. This doesn’t mean the Brits are always sharp in these matters. Not too long ago a Sir William was ready to invest millions in a process to take the gold out of the iron ore tailings at Eagle Mountain, near Desert Center in Riverside County, California. Kaiser Steel had left behind a mountain of processed tailings. The promoters, who had a lease from Kaiser’s surviving company, admitted the iron content was low, “but Kaiser never went after the two ounce per ton gold.” Sure there’s gold in the rock, but it assays way to the right of the decimal point. After satisfying the client, I laid the facts before the Riverside County D.A. That D.A. hates mine liars.
The latest attempt known here to move the warehouse “Suckerite” was with a rich Saudi gold buyer, who, by coincidence, came through my lab just two weeks before I left on a consulting job for a Saudi company in Jedda. I exposed the fraud immediately. The Saudi then canceled his three hundred million dollar escrow previously set up to facilitate the transfer of gold from the warehouse to the Saudi bank. Relieved at not losing his three hundred million, the escrow fee of fifty thousand dollars paid by the Saudi was, to him, “good luck money.” From everything I saw in Arabia, the southwest guys may be lucky they didn’t unload one of their warehouses on the rich Arab.
Samples of these fabulous gold materials are not easy to come by. I recall when the southwest scammers flashed a colored photo of large metal ingots stacked on a pallet held aloft by a forklift.
“Those look like copper ingots,” I said.
“No, no. They’re pure gold,” the scammer explained. “That bullion comes directly from our volcanic cinder gold mines...”
Keeping a straight face, I looked again. “The ingots sure have a copper color.”
“Well, maybe so. But our scientist says that some gold looks just like copper.”
Of course it was copper. Their “scientist” cons everybody on both ends of the assay furnace. He could have played a part next to Robert Redford in “The Sting” with his hands tied together.
Sometimes it appears to me, after 56 active years in the business, some of it while personally fire assaying over 47,000 rock samples for John Q. Public, there are now more big-wheel mine liars in the U.S. than there are true mine prospectors.
I wonder if this is because it’s almost impossible for the little guy to dig an honest hole in the ground anymore.
______________
Dr. Ralph Pray is the owner/operator of the Mineral Research Laboratory in Monrovia, California. He welcomes your questions or comments; (626) 357-6511.
you gotta be kidding, unvestedInvestor...
Before I realized this swill was just a rehashed HCCA (I've been mostly inactive in the market for 5 yrs, but well remember the HCCA story), I watched the video....one of the first things I did in my DD. Immediate impressions of Sheppard were that he is a grease your palms slick-willie pseudo-religious goodie two shoes fellow, and of course, a mining neophyte. As I learned more, it became obvious why Furlong, still the real force, had brought him in. As a figurehead, npthing more.
Sorry, boys, but this scam is just about kaput.
WARNING TO THE BOARD:
There is an effort being made to expose the truth, sooner rather than later. Expect to hear more very soon. Consider yourself warned.
This is not a recommendation to buy or sell, however, if you are long, do not take my warning lightly.
Any ridicule will be ignored.
at minimum 800 bn o/s...
???A/S
lets make money,
remember me from WELU I was on it hard, warning everyone. Scion was the main man there. I just saw the SEC final outcome posted somewhere, maybe on SI? doubt if bagholders got anything back....SEC took it all maybe.
Current scam is NMCX.....almost positive...it'll get pumped hard tomorrow. The longs are convinced they've got a $20 bn co!!
All bsed on false assays by the same guy still defendant in ongoing SEC case/trial....
yo toad...
kenne is hilarious...hope he comes back!!
I didnt really understand all the pita goings on...what all did she do that deserved tossing?
suffice to say though, that things are being "unearthed"...
..that don't bode well for accused crook Furlong and his motley crew....
go to RB. three of us have called Churchill, including long nufced. All were told the truth. Purchase was made by a priate client for his own account.
It would be going against all any institution's codes to buy pink sheet trash.
Another developing story over there has the longs all panicy....
Suffice to say, the slag is not rising to the top, even if it is found not overladen with a lot of high atomic number rarities.
Thanks for the find, buckfever...I posted it at RB.
Anyone read up on UDVE??? another smelly scammy BB mining co;
http://www.resourceinvestor.com/pebble.asp?relid=8006
Buckfever,
thanks! right in front of my nose..and posted at RB too. amazing the denial of these naive believers.
Some of them are trying to say the litigation is over. A couple of them are saying there are assay reports that
NMC and the SEC agree on. Hmmm, you heard of this?
skibum,
Aren't many places I've been that I didn't like. Even enjoyed Jay, Kill'ton, S'bush. The 4 NH areas were kinda lame...
Taos, Alta/Bird, Crested Butte, Mammoth, Kirkwood, Squaw, Telluride, Lake Louise, Whistler/Blackcomb to name the best...besides my home areas in Wa, all with steep, gnarly off piste goods. Currently mostly closed in the worst winter in 30 yrs....a far cry from 98-99 when Mt. Baker received a world record 1140 inches.
Buckfever,
It appears that most anywhere you look,(possible dirt can be found.
A favor though, if you can help. Somewhere in my reading, probably here or at RB, someone had posted the ongoing SEC docket records. Last entry was in the last 3 weeks, maybe even less. now I can't find that info, or post. Can you help?
tia
Be sure to get your cert's, and you'll be in toilet paper for life!! LOL at this scam.
Hey, horn toady.
Yep, I reckon the truth hurts...eh? Havin' fun over at Rb tho...amazing how gullible the believers are....
Nothing but fluff at the censored board anyhow...and little activity...I relogged in but thought I'd leave em be....
OT: skibum, me too!!
Skiied all my adult life, all over the West. sort of retired from being a part time pro ski photographer.
don't think NMC is a good buy long term tho...and judging by the collective yawn the market has given this fluffy news of today, short term is a dud too.
Sorry, investorvest, I misunderstood
where you stand with this stock in my quick perusal of old posts. Now I realize you are a shareholder still hoping for a miracle here. Your posts are so well written, without any rahrah, and I guess I just focused on a couple, and thought your were expressing major doubt.
Anyhow, I hope I'm wrong...but I seriously doubt it...this story is just too implausible.. I was floored to see it still going. Last I heard was 5 years ago. Good luck.
Sry double post.
Good work, buckfever and investorvest. I just heard of this stock, but well remember hcca.....here's two links from RB, one is info that may or not be new to anyone, but it needs reading...the other is my thoughts from a quick perusal of the situation.
http://ragingbull.lycos.com/mboard/memalias.cgi?board=NMCX&member=wiley.lizard
http://ragingbull.lycos.com/mboard/boards.cgi?board=NMCX&read=24387
I feel sorryfor you deluded believers, but I've seen it all before with other US based BB mining stocks... witness MYNG and CMKX. and one that goes so far back that noone will remember it, PanWorld Minerals, that claimed to have $6 billion worth of iron ore. I lost $13k on that scam.
TLETTELL re BDCI, It's being pumped by some yahoo groups and elsewhere. I'm sure some sold thus the fri pm drop. low float, big spread, any selling and look out below.
don't know if any news is due, but they're trying to say that.
Sry double post..
Re XLPI, what a day, up 200%
I did learn a bit, talked to CEO, posted this this morning on RB:
-----
PR out soon, just talked with company.
president Billy Smith. He just got it out and it should be up on Business Wire soon! I had a great conversation with him, during which there was a few interruptions. Busy guy! Lots of good things to say. Float is 71 mm now, but that should be all right. They are trying to expand without too much dilution, and are looking to raise $10mm or more. They need to build a new plant, and spend several million for US ad campaign. Main reason the price dropped was due to the listing on the German exchange which allowed major naked shorting. He thinks that is under control, and that the listing has been removed. Till the plant is in, they will use outside blenders to produce product. As well, that is how overseas product will be made available.
I've had quite an interest in the fuel/oil additive market for many years, and aware of the poor quality products like Slick 50 which is pretty much junk. But the XCEL product appears to be 100% legitimate, and backed up by years of use and testing, as can be seen on the website. http://www.xcelplus.com documents many many tests that validate the product's quality.
I forgot to ask him how soon they plan on filing audited financials and applying for the BB. I'll email that question.
Looks like a screaming buy here... much better than today's other big pink runner, HCCF. But it is still a pink sheet stock, so one needs to be cautious.
------
Major short position may help this to run, daytraders and pullbacks to be expected, but nothing would surprise me..no reason why it cant go back to it's post split high of .53.
I saw those SPRL O/S figures too, and found them impossible, so checked pinksheets.com. More realistic figure is shown there of 85 million o/s.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=SPRL
dustybutler, that NSCT news is mighty pathetic compared to what they used to put out. Of course so is the share price....I'm a bagholder from the good ole days. Probably bought at 3.00 or so, and held it to over $10...and still hold like a dimwit...