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Ive been accumulating down here, bottom is close or in now, waiting for updates from company which should be coming shorty im told.
CEO CFO been accumulating shares as well the past few months
Look for strong bounce here IMVHO
Cheers!
I have been concerned with all this selling lately so I checked up on the current float which is 182mil
Real good for this low of PPS
I'm adding everyday here :)
Cheers!
Yeah, maybe good NEWS is coming out soon now, looks THIN imvho
Cheers!
Yeah, slow day here, hope that 16 gets chopped up soon today
Here Is the History of MINE All Packed into ONE:
What's New at Minerco
May 26, 2011
Iscan Hydro-Electric Project receives Municipal Rights Permit
February 14, 2011
Sayab Wind Project receives Environmental Rights Permit
January 31, 2011
Sayab Wind Project receives Municipal Rights Permit
January 25, 2011
Minerco signs binding letter of intent for an interest in the 2.6 Mega-Watt Rio Sixe Hydro-Electric Project in Honduras
January 19, 2011
Minerco signs definitive agreement to acquire 100 Mega-Watt Sayab Wind Project in Honduras
January 13, 2011
Minerco signs binding letter of intent for an interest in the 1.2 Mega-Watt Caseria Rio Frio Hydro-Electric Project
January 6, 2011
Minerco signs definitive agreement to acquire 4 Mega-Watt Iscan Hydro-Electric Project in Honduras
December 6, 2010
Minerco signs $5 million commitment funding with Centurion Private Equity, LLC
November 22, 2010
Minerco receives water contract for Chiligatoro Hydro-Electric Project
July 18, 2010
Minerco featured in Honduran El Heraldo Newspaper, Economics Section as seen in the following link. Original version in Spanish | English version (translated by Google Translator)
July 14, 2010
Minerco meets with Empresa Nacional de Energia Electrica (ENEE), Honduras National Electric Company. www.enee.hn ENEE offered its full support to Minerco in its Chiligatoro Project and other Projects currently being evaluated. ENEE and Minerco discussed the possibility of a Joint Venture Project between the two parties, which would be mutually beneficial. Minerco's Power Purchase Agreement and Interconnectivity Permit for its Chiligatoro Project were also discussed in detail.
Attendees:
Roberto Martinez, Director General of ENEE
David Castillo, Deputy Director of ENEE
V Scott Vanis, CEO Minerco Resources, Inc.
Marco Rodriguez, Director, Minerco Resources, Inc.
Norberto Bogran, Legal Counsel, Minerco Resources, Inc.
July 12, 2010
Minerco Resources featured as an Innovative Energy Developer in Proceso Digital, the digital newspaper in Honduras. Original version in Spanish | English version (translated by Google Translator)
June 28, 2010
NCE Verifies Chiligatoro Sales Rate
The Honduran NCE verified and confirmed the long-term rate structure for the 30 Year Operations Contract for the Chiligatoro Project which is identified as Document Number 2006-E37. The sales rate is published annually by Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's Natural Resources and Environmental Ministry. The average rate, based on Short Term Marginal Cost, for year 2010 is US$97.96 per mega-watt hour (MW-h) as published by SERNA in La Gaceta on January 15, 2010, Section A: Agreements and Laws No.32, 114, page 8.
June 25, 2010
SERNA Contract
The Operations Contract defines an initial capacity of 5.2 MW-h, which equates to 45,552 mega-watts per year, and a term of 30 years for a total of 1.37 million mega-watts over the term of the agreement. The Contract also grants a "First Right of Refusal" for renewal and allowances for all generation, sales and transmission of energy from the Chiligatoro Project. Additionally, the "Transmission Clause" provides Minerco with the ability to charge transmission fees from other operators through the Minerco owned transmission lines.
The Operations Contract defines a sales rate of US$107.76 per MW-h (with incentive) for the first 15 years, or US$73.6 million. The following 15 years will utilize a rate of US$97.96 per MW-h, or US$66.9 million. Based on the quoted Short Term Marginal Costs and legislative incentives, the 30 Year Chiligatoro Operations Contract is valued at US$140.5 million.
Marco Rodriguez with SERNA Contract
June 16, 2010
Minerco meets with Banco Centroamericano De Integracion Economica ("BCIE") or the Central American Bank for Economic Integration to discuss Chiligatoro Project and Debt Financing Possibilities. http://www.bcie.org/english/index.php
June 15, 2010
Explanation of Chiligatoro 30 Year Operations Contract
The 30 Year Operations Contract defines the generation, sales and transmission of the Chiligatoro Project. The Chiligatoro Project is currently authorized for 5.2 mega-watts per hour (MWh).
5.2 MWh x 24 hr/day x 365 days/year = 45,552 MW/year
With a term of 30 years, 45,552 MW/year x 30 years = 1,366,560 MW
By Honduran Congressional Decree (Law), marginal electricity prices currently range from US$93 to US$109 per mega-watt hour of energy delivered. View document or visit www.serna.gob.hn.
Clean Energy Power Generation receives a 10% Premium by Honduran Decree.
June 1, 2010
Minerco receives Approval from Honduran National Commission of Energy (CNE)for its 6 mega-watt Chiligatoro Hydro-Electric Project. The Process of Honduran Energy Projects is further explained here. www.cne.hn
Minerco BOD discusses Chiligatoro Project and other potential Projects with Honduran Administration.
Attendees:
Doña Maria Antonieta de Bogran, Vice President
William Chong Wong, Minister of Finance
Mauro Membreño, Presidential Commissioner of Infrastructure
V. Scott Vanis, Minerco CEO
Marco Rodriguez, Minerco Director
Salomon Lopez, Secretary National Commission of Energy
Norberto Bogran, Minerco Counsel
Meeting with members of Honduran Cabinet at Casa Presidencial
May 28, 2010
Minerco introduces Marco Rodriguez as Member of Board of Directors
May 27, 2010
Minerco closes deal on 6 mega-watt Chiligatoro Hydro-Electric Project in Honduras C.A. See Project Page for more details.
May 25, 2010
Minerco introduces V. Scott Vanis as President and CEO and changes focus to on clean, renewable, alternative energy projects throughout Latin America.
SEC Transaction Summary — Last 6 Months
Buy/Sell
Buys
3
Sells
0
Total
3
Shares
Bought
59,000,000
Sold
0
Gross
59,000,000
Net
59,000,000
SEC Transactions Last 2 Years
Trans Date
Filer
Ownership
Type
Price
Shares
Jul 31, 2011 VANIS V. SCOTT
Officer direct Acquisition (Non Open Market) 0.00 7,000,000
Aug 28, 2011 MESSINA SAM J III
Officer direct Acquisition (Non Open Market) 0.00 45,000,000
Jul 31, 2011 MESSINA SAM J III
Officer direct Acquisition (Non Open Market) 0.00 7,000,000
Jan 11, 2011 VANIS V. SCOTT
Officer direct Acquisition (Non Open Market) 0.00 10,000,000
Dec 10, 2010 MESSINA SAM J III
Officer direct Acquisition (Non Open Market) 0.00 30,000,000
Nov 1, 2010 VANIS V. SCOTT
Officer direct Acquisition (Non Open Market) 0.00 33,000,000
Nov 1, 2010 MESSINA SAM J III
Officer direct Disposition (Non Open Market) 0.00 33,000,000
Oct 26, 2010 VANIS V. SCOTT
Officer direct Acquisition (Non Open Market) 0.00 138,000,000
Oct 26, 2010 MESSINA SAM J III
Officer direct Acquisition (Non Open Market) 0.00 63,000,000
Mar 23, 2010 VANIS V. SCOTT
Officer direct NA
Could be a monsta here some day if the company does something
Short Sales, interested in seeing the new #'s on the 15th here
Avg. Daily Share Volume
Date Short Interest % Change Days to Cover New Issue
Aug 31, 2011 54,969 2,398.59% 969,412 1.00 No No
Aug 15, 2011 2,200 100.00% 835,970 1.00 No No
May 13, 2011 0 -100.00% 508,502 0.00 No No
MINE (QB) $.0015 (0%) Churning nicely today, look for bounce here soon imvho
http://www.sec.gov/cgi-bin/browse-edgar?company=minerco&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
Cheers!
Yup, agreed, tough market but AOGN has been the BRIGHT spot here so far, dont see the multi-day runners here like we used too nowadays..
But AOGN was alerted @.0014 and closed .004 today....
More to come, I think ur .005 target was spot on.
Cheers!!
From the new filings on MINE, "The Company is obligated to register the shares underlying the Convertible Notes under the Securities Act of 1933 until shares become available for resale under Rule 144(k)."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8140088
Cheers!!
Just in case new peeps here might come across some BS article back in July 2010, here is the response from MINE management:
"We've seen this article as well. First, this story is from July 2010. Mr. Perdomo mentions the owner as ROTA Inversiones which as noted in our SEC filings is who we've purchased the project from. I am sure Mr. Manzanares and Mr. Perdomo do not know all the 100's of project owners in Honduras, however, we did make a point of introducing ourselves to them personally after the article was written. I assure if asked again these two gentlemen would now know who Minerco is. :)
regards,
sam messina"
Thx Mac, really appreciate that. Lets hope they dont drag out the closing too long here for the latin company
Not really though, what did it have 4 trades for like 12k in volume that day? Pretty sad, I wouldnt expect much here until some awareness comes, Question: what would make you want to by this stock?
Agreed, esp when it has no volume and such a HUGE spread too!!
Hows Level 2 look?? Post a pic maybe here??
TIA
Did u try buying any or put order in yet?
MINE LOOKS THIN!! When Volume comes in, we could easily hit .004 again quickly!
Still no trades yet though...
Sounds good
will look for entry
Thanks
Got a message from you yesterday, here I am, hope ur doing well
MINE $$$on Bounce Watch today into next week
Good morning, same to you n the rest of the Wave Riders
Easily, I would prob say, w/o question if you can hold long enough here, company told me they would have update for us soon as well.
No, quite the opposite, there buying here, looks good to rise from here to around .5 area imo if the buying continues
Yes, there was a couple but if I remember correctly, it wasnt for many so it looks like not on the screeners/radars yet
No problem, hope this helps
there restricted rule 144, look it up..here
http://www.sec.gov/investor/pubs/rule144.htm
wont come into play now...
New Form 4's out, http://www.otcmarkets.com/stock/SWRL/financials
Not on anyone's radar my guess
yeah, it doesnt register on the volume though, very weird to say the least, it is happening on another play i have right now MIN$ too, dont know what it is but that stock dropped quite a bit before rebounding too when it happened..
GLTA!!
SOLU level 2 just showed 10mil shares go thru @.0001 here but isnt showing up the volume side, any ideas what this is or why?
Yes, indeed! Nice buy for 5,098,335 shares @.0014 here today, just over $7k Someone will be very happy w this purchase imo,lol!!