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This is a very good development for AMMX. I can't imagine the Ports are required to junk their old equipment, so there may be demand for used equipment prior to the new law.
When a container ship arrives at a US port the huge high speed container cranes unload the vessel. Because of various Customs regulations and release requirements it is usually a day or two before a truck arrives to move the container to it's ultimate inland destination. The placement of the loaded container onto a truck chassis is accomplished by a large forklift type machine. It is these machines that AMMX refurbishes and sells used to various US Port facilities. It is not the giant high speed multimillion dollar cranes. The container handing equipment runs in the hundreds of thousands of dollars each and is still very good business for a company of this size.
If I remember correctly they thought they were going to meet with the decision makers at a major US port and have an answer fairly quickly. I have not read about a port related deal, so I must assume it has not closed.
Also thanks for your trademark A+ DD.
Yeah I think you are right on the likelihood of a pullback before the next leg up. People have cash requirements and 4 bagger.
Nice to see you nupapa. This company has huge potential. I am involved in similar port related international work and these guys are like many in the industry. Hard working father son team who make money by earning it. I would caution though that the $500 million deal will be $500 million in total, not to AMMX. Still a great deal for this size company.
Farm Project Link
http://www.hamreequipment.com/about.htm
Africa Farm Project
AmeraMex International, Inc. together with their partner, Walker Farms of Idaho is working on an additional project to plant, irrigate, and farm one million acres of land in West Africa. This project will include the construction of the storage facilities for the crop at harvest time, the processing plants to prepare the products for shipment or sale, and the irrigation systems needed to make the farm profitable. This project will by the end of 10 years be able to feed 90 million Africans and it will employ an estimated 90,000 African workers.
This gives a very good description of the Africa Project
http://investorshub.advfn.com/AmeraMex-International-Inc-AMMX-6549/
Almost an Hour with no trades ...
Something up?
Sorry about the double post. I don't get out much.
What am I missing?
HEMP has earnings correct? HEMP has product lines not tied to mj legalization. Correct? Why at .01? Seems to move on volume without somebody selling cheap shares. I don't get it.
OK thanks.
No Visible Means of Support
This has been a nice little run but can somebody explain why a company with no profits in the last 8 quarters is an $8 stock??
.35 is right where it opened on a gap up.
If you are OK with Bigfoot, Flying Saucers, and Ghost Hunting ...
An odd trade of 500 shares is allegedly the Market Makers signal to Gap the stock in the direction of the signal. This AM we have a very rare pre market trade of 500 shares at $0.35 ... That is an up buy.
Will it Gap up?
They are seeking a strategic partner (Buyout?) and are hunkered down cost wise is my understanding and opinion. They have an asset that will not face environmental or legal obstacles, but one that will require deep pockets and higher gold prices to bring to market. Makes sense for a large mining company. A Chinese bid for the property would seem logical IMO
500,000 Buy on the Ask at 2:33pm
Somebody know something good? This stock is a 100% Buyout opportunity IMO
China Returns From Golden Week Holiday Tuesday
Monday October 7, 2013 8:28 AM
Several gold-market watchers say that Chinese traders will return to work Tuesday as the Golden Week holiday ends. MKS notes that Asian business was slow Monday in the last day of the holiday. Commerzbank says now that the holiday is over it could mean a rise in physical gold purchases beginning Tuesday.
Ira Epstein: Gold Not Rallying On Shutdown Since Standoff Seen as 'Theatrics'
Thursday October 3, 2013 3:10 PM
Gold likely is not rallying during the partial U.S. government shutdown, due to a budget spat, because the market sees the standoff as largely “theatrics,” says Ira Epstein, director of the Ira Epstein division of The Linn Group. Gold has slipped modestly since the close of the pit session on Monday, the day before the shutdown began. “Ask yourself ‘Why isn’t gold rallying on this news?’ The only reason I come up with is that the ‘smart money’ believes we’re looking at theatrics,” Epstein says. “Yes, if things plays out too long, the end result can early turn into a crisis, one in which gold should rally, but the market doesn’t think we’re at that point yet. It seems to me the markets think we’re probably getting closer to the beginning (of) compromise talks.” Epstein also doubts the U.S. will default on its debt, even though the Treasury has said it will hit its debt-ceiling in mid-month, meaning another political standoff. “There’s a lot of power the office of the presidency carries, and keeping us from defaulting is one of those powers,” Epstein says. In the meantime, he adds, world leaders will continue to criticize the U.S., and credit agencies may become vocal in threats threaten to cut ratings of U.S. debt. “However, these agencies will likely wait for more certainty before lowering their ratings,” Epstein adds.
By Debbie Carlson of Kitco News; dcarlson@kitco.com
Now with projected limited shutdown gold moves up ... ??
Do not understand gold's price movement.
The only thing I have been able to find relates to a drop in Chinese demand. We are heading into traditional high demand months through December. It is frustrating to watch gold go down when with national and world events you would expect it to rise.
More on Mr. Weng ...
Mr. Thomas Weng was appointed as Independent Director of International Tower Hill Mines Ltd. with effect from August 5 2013. Mr. Weng has over 22 years of experience in the financial services sector. He is currently the cofounding partner of Alta Capital Partners a provider of investment banking services globally. Previously Mr. Weng was a managing director at Deutsche Bank and head of equity capital markets for Metals and Mining throughout the Americas and Latin America across all industry segments. Mr. Weng has also held various senior positions at Pacific Partners an alternative investment firm and Morgan Stanley
This company will be purchased IMO ...
"Mr. Weng brings a wealth of financial background to the board of International Tower Hill Mines," said Don Ewigleben, President and CEO of ITH. "His extensive experience in equity capital markets and portfolio management, covering the metals and mining space, will be invaluable as we continue to advance the Livengood project and continue discussions with potential strategic partners."
Twice average daily volume
A little movement ... more like twitching!
Thanks xanadu. Came here for the fundamentals. Still learning the situation.
Nice little uptick ...
This is a real mystery ship, but I like the numbers.
Anybody still watching this stock?
Do you know why no trading so far today?
We are about to see an impressive display of irrational exuberance IMO
Long term this is great investment
That is the problem, there are no profits.
Now appears steamer free all the way to 400K at .05
Maybe a power hour run.
Always a nice big steamer sitting on the ask stinking things up. Really gets tiresome.
Wall now 400K at .05 ...Love to see it run to that number
The other answer is a Buyout.
The MM's are feeding shares they own at .02 or lower to a buyer who is acquiring a position in the company ... if not acquiring the company outright imo
I agree. But how can this be under .04 with everything they have going on. The answer is dilution and manipulation. Large blocks of shares sit with people to whom the shares represent payment. To them it is only cash ... not an investment. Until those shares are exhausted or Megaton News ... We will sit and slide back.
896,000 shares sitting on the ask ask .04 a day or two before great earnings ... Who sells today?
You are right. It is totally nuts. PHOT is THE most solidly run company in the sector, and the scams fly and it sits.
Watch the selling develop out of nowhere ...
We won't get to .06 without three times the current volume.
We may get the 3X we need if the news is totally solid ... Don't get me wrong, I hope it blows sky high ... But this isn't my first time down the road with PHOT and the seemingly never ending supply of sell orders.
That is exactly what I am counting on ...
However, take a look at the last earnings and what happened with the PPS ... Not pretty. Hope this time is different.