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OK. They acquire the land with the help of Grant White. So now what? They have the land and now they have to mine it, right? All I am saying is the pay off here could be more long term. Once they have the land, they have to pay for it. Generating revenue is the only way to do that, and mining the land and selling the lithium has to happen in order to make money. Of coarse a certain amount of dilution would be expected to fund the mining. That's how I see it at this point in time. GLTA.
"The company expects its entire lithium package once complete will total acreage of approximately 12,500 hectares or close to 31,000 acres. The value of acres in Chile has been estimated to be $10,000 to $30,000 depending on lithium concentration levels."
10 to 30 thousand depending on concentration. So let's say 30,000 acres at 20 thousand per acre. 30,000 X 20,000 = 600,000,000 (million dollars)
If you read my message, I said, SHORT TERM. News comes out, some people will buy more, but it will take a massive amount of buying to push this to pennyland (ONCE AGAIN....MY OPINION) I am NOT spreading doubt....just trying to be realistic with myself and not set too high of an expectation. IF the deal goes through and they start mining Lithium....THEN......there will be more investors and the PPS will rise. GLTA
WOW...another massacre. They didn't wait long to sell. News on Friday.....Pay day on Monday. YUCK
William R. Lieberman and Grant R. White, age 39, Board Member, Chief Executive Officer, and Treasurer has primarily been an investment banker in New York, San Francisco and Toronto since 1992. During such time he has successfully completed billions of dollars of financings and merger and acquisition transactions in multiple sectors... Yeah that last sentence says it all. Has successfully completed BILLIONS of dollars of financing.
Grant R. White Chief Executive Officer, Treasurer and Director, Gold Bag, Inc.
Age 39
BACKGROUND*
Grant White has been Chief Executive Officer of Transmedia Asia Pacific Inc. and Transmedia Europe, Inc. (managing partner) since March 1, 2000. Mr. White serves as Principal Financial Officer of Transmedia Asia Pacific Inc. He joined Gleacher & Co. in 1995 and moved to San Francisco in 1999 to establish Gleacher & Co.'s west coast operations focusing on technology investment banking and venture capital investing. Mr. White has been Chairman and Director of Transmedia ... Europe Inc. since February 25, 2000. Prior to March 2000, he served as a Director of Gleacher & Co. LLC (a New York based merger and acquisition investment bank). Mr. White holds a Bachelor of Commerce degree from Queen's University at Kingston (Canada).
Yeah, this stock fell all the way down from .036. Very slow bleed but a bleed non the less. I got out a while go as well and at the time GOxG was on a climb and I made back most of my loss here. I HAD high hopes for this, but they totally screwed the shareholders as they usually do. How many times was there NEWS and then the PPS fell? UNREAL. Then more news and the price still fell. Mickey Mouse strikes again.
You aint kidding. 30 grand!!! Jesus.
This stock needs a protein shake
LOTS of buys today.....NICE.................
Excerpt from OTCBLOODHOUND Lithium article
The largest reserve base of lithium is in the Salar de Uyuni area of Bolivia, which has 5.4 million tonnes. US Geological Survey, estimates that in 2009 Chile had the largest reserves by far (7.5 million tonnes) and the highest annual production (7,400 tonnes). Other major suppliers include Australia, Argentina and China.[31][39] Other estimates put Argentina's reserve base (7.52 million tonnes) above that of Chile (6 million).[40]
IS THERE LITHIUM IN CHILE???? YEAH...LOTS OF IT
Partnering with someone who has accomplished much..... Looks like a good team to me.
William R. Lieberman and Grant R. White, age 39, Board Member, Chief Executive Officer, and Treasurer has primarily been an investment banker in New York, San Francisco and Toronto since 1992. During such time he has successfully completed billions of dollars of financings and merger and acquisition transactions in multiple sectors... Yeah that last sentence says it all. Has successfully completed BILLIONS of dollars of financing.
Ya mean this:
2. Acquisition finalized news expected any day!!!! NEW YORK, NY -- (Marketwire) -- 02/23/11 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE)The company is currently speaking with five other local Chilean and Canadian companies to acquire mining rights and concessions.
The company is in final stages of negotiations and expects to announce acquisitions of its Chilean concessions by the end of the first quarter with quick plans to up list to the OTC-BB market.
What news is that?
11,000,000 plus sells. that says something. Are there still people with millions from the trips cashing in?
Lots of selling going on this morning. That sucks
What a joke....13 cent drop on a punny sell? UNBELIEVABLE. There is no way that was justified. SCUMS
Mr Wowza....thanks for you DD. All I am saying is this has been up and down over the last few weeks. It hit .0036 and then went down to .0018. Trip zero people selling I imagine. I believe you are right that the next leg up is upon us. It might pull back into the .0025 range tomorrow, but then move up from there. Maybe it won't, but that has been the pattern over recent time. GLTA
Exactly. But...the PPS has been slow moving. I was watching this for two weeks. Massive volume but a lot of selling. I hope it does start to move faster. I'm just making a statement based on watching it. Example: Wow....350,000,000 in volume and it only moves a few ticks? If the float were gone it would move much faster with that kinda volume. Hope it is better this week.
GLTA
Your right....my bad....2 billion float. At .002 that is still 4 million dollars.
2 billion shares bought? Don't think so. In the last few weeks there has been buying and selling. Hundreds of million in volume, but not all buys. Maybe I am wrong, but 2 billion shares is a lot. That would be 4 million dollars at .002.
I just noticed the VALUE of MMTE.......Not bad..and it's current
Market Value1 $14,202,690 a/o Feb 25, 2011
MMTE Security Details
Share Structure
Market Value1 $14,202,690 a/o Feb 25, 2011
Shares Outstanding 4,734,229,891 a/o Nov 10, 2010
Float 2,048,511,471 a/o Nov 10, 2010 Authorized Shares 5,000,000,000 a/o Sep 30, 2010
Par Value 0.0001
Shareholders
Shareholders of Record 1,238 a/o Nov 10, 2010
Beneficial Shareholders N/A
Thanks BLUE......I read the most recent Yahoo news from the link you supplied. Here is a paragraph that states what they are doing:
The Company has initiated the process of sourcing out pricing and timeframes from a variety of third party exploration companies within Tanzania and other surrounding countries including JICL Consulting. Final decisions on an exploration company, timeframes and details of such a programme to be announced shortly after contract specifics are finalized. It is expected that such a drilling programme would most likely not commence until sometime in the first quarter 2011 due to scheduling conflicts from suitable exploration companies and various other factors. In addition to the anticipated drilling programme at Londoni, VIPR has been exploring various other potential property acquisitions within the local vicinity to compliment its existing Tanzanian Gold Tenements.
PR's ? OK. When was the last one? Maybe I am missing something here is all. Even most of the stuff in the IBOX is OLD NEWS. 2007....2009?
The biggest problem here,IMO, is there hasn't been any communication with the company in a while. The last NEWS on their website is from May of last year. Didn't they do samplings?
When a company doesn't communicate (good or bad news), all shareholders have is speculation to go on. Who can believe they are progressing in the right direction if THEY don't communicate that? Does ANYBODY have more recent NEWS? Concrete visible, readable, NEWS? GLTA
"word is its a done deal ...guess you missed that part lol.."
Now that is funny
Wrong Pimp. My tune hasn't changed. Posting about the letter of intent was just a statement. How many companies have you seen that sign letters of intent and end up crashin and burnin? I still see MMTE doing great things BUT... I am being careful with an re-entry point. I bought at .0014 and sold when it started coming back down. I still made money. This company does look like it could make it. It APPEARS to be heading in the right direction. Just being cautious. GLTY
It would be a welcome thing to hear SOMETHING from the company. If they have anything going on or are they just scalping people.
Yeah, it's always fun to buy into a pump and then watch your money disappear.
What happened to the sticky about the letter of intent? I just read it like 15 minutes ago and now it is gone. A letter of intent is just that.....not that it won't go forward, but many other pinky companies have signed letters of intent and then nothing happens. Unless it is somehow BINDING, which i doubt. I was in this and made a little and then got out with the selling last week. I will watch it this week to see if the same thing happens again. .0036 to .0018 was last week. Now it is at .003, have to see if it holds or people sell off again. GLTA
What does that mean? You think this is going to run to .037? doubtful
Hope this isn't just a repeat of what HAS been going on here for weeks. Sell off, buy in , Sell off. Flipping for 100 percent.
That could be why there is a lot of volume. It's only six grand showing right now if bought at .0001.
.0002 Ask.......NO BID?? That's what I am seeing on Scottrade
Can't wait to see the 2 million buys this afternoon!! I had coffee with Obama last night. We talked about Egypt and Omar.
GLTA
All I have to say is I bought in last week at .082 and it has slid down ever since. Sure would be nice to see a rebound here.
I for one am discouraged by what I have seen the past week. CEO saying INCREDIBLE things are happening? Just have to wait and see how this unfolds. GLTA
NICE! All buys today.
Wishful thinking.....IF a CEO cared about shareholders, would they not give an explanation for a day like today? "It was us, we needed to fund drilling activities." OR " I saw what happened today and just want to let all shareholders know that WE are not responsible." Like I said....wishful thinking. GLTA
UNREAL!! Over 400 MILLION SELLS!!!!!! So much for this. Now at NO BID so ya won't be able to sell. DAMN!!!!
Here's the link they are touting as NEWS
http://finance.yahoo.com/news/Tactician-University-VCTY-iw-2950927994.html?x=0&.v=1
Several Pennystock promoters are alerting VCTY for a possible spike.
"Sub pennies have been very hot lately, some making triple digit gains in a single day. Keep an eye on VCTY, this one has rallied before. The company just came with big news again near the close on Friday so things may heat up next week."
I got out of this, but might played it again now that it is at .001. Might be a double from here.
Make that 353