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It's amazing how much of this conversation is going on amongst investors that bailed out. I do still read the posts but find them very useless. It used to be informative when Dan ran the show (like him or not the conversations were educational). Now all this board is is a RAG of disgruntled investors. You people are PATHETIC. What happened? Did you try spreading you gloominess to other boards and get kicked off.
Hey Bentheroofer...OT My parents are taking a Cruise around the Hawaiian islands this fall and wondering if you can recommend a nice restaurant in the Waikiki area. I am treating them dinner for their anniversary and would love for it to be special. Sorry for the public reply. I am not subscribed to the premium service. I was hoping my DMXP and NSDM could have bought them the whole cruise but dinner is all for now.
Deann...I read your link and it says "proposed sales". Maybe Walter is suspecting a large bounce soon. There hasn't been any transactions (sales) based on your link.
sgkr...Please don't bring up Nano. I've been getting a little spanked lately.
Delta Mining and Exploration Recieves Definitive Commitment for $500,000 Financing
July 22, 2004 10:00:00 AM ET
LEWISBURG, Ky., July 22 /PRNewswire-FirstCall/ -- Delta Mining and Exploration Corp., (Pink Sheets: DMXP) is pleased to announce the completion of a financing agreement with Platinum Equity Funding Inc., a Toronto based investment house with affiliated offices in New York and London.
Delta will receive between five hundred thousand (U.S. $500,000) to one million four hundred thousand (U.S.$1,400,000) dollars in a series of two payments. The first tranche will be for no less then five hundred thousand (U.S. $500,000) dollars and up to seven hundred thousand (U.S. $700,000) dollars. The closing date is scheduled for August 15th, 2004; with the second tranche being for a similar amount as the first. The aggregate amount could equal up to one million four hundred thousand (U.S. $1,400,000) dollars if Platinum chooses to exercise their over allotment option and the second tranche is fully subscribed.
The financing is in the form of an 8% per annum interest bearing convertible debenture; convertible for a two year period at $0.03 USD per common share. Upon conversion Platinum will receive a half warrant at $.0375 USD for every ordinary share they receive. The warrant will allow Delta to secure additional funds if Platinum chooses to exercise.
Platinum has the right to convert at any time, whereas Delta can force conversion after six months providing the share price is over $.03 USD per share. The debenture has a solid floor price of $0.03 USD that protects Delta from a conversion being forced at a lower price. The underlying securities carry no registration rights, but would be registered if a registration was to be completed within twelve months, otherwise the shares would be subject to having the restriction removed as per Rule 144.
The funds secured via this agreement will be utilized predominantly on the continued exploration of the Homestead Kimberlite, additional targets in the area and general corporate purposes. The debenture signed with Platinum prevents Delta from using any funds for repayment of existing notes.
Delta has already found diamond indicator minerals, a kimberlite and a micro-diamond on the Homestead property. The secured funds will allow the viability of the kimberlite body on the Homestead property to be determined.
The senior investment analyst at Platinum Equity has expressed his enthusiasm over the prospects of the company and their portfolio of high quality properties. Platinum has indicated their primary interest is the Homestead Kimberlite and the surrounding area but acknowledges the balance of Delta's properties display similar potential.
This agreement is distinct from that discussed by the company in its May 5, 2004 news release. Though not completed, both parties are working hard to ensure that it comes to fruition in the near future.
Delta Mining and Exploration Corp, http://www.deltamine.com: is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 7,500 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. Another 10,000 acres of prospective diamond properties are controlled in Bolivia, South America.
Thanks King...I've been around for a while but choose to stay out when this board starts sounding like RB. Long and Strong.
Has anyone heard from Dan??? I was wondering if Dan is still prospecting for NSDM or doing something else.
Gooddoc... Sounds like you have positive information. Care to share with us diehards???
Anyone know why DMXP website down??
Lebaneseproud...There is nothing to talk about because Shaun is in the Ihub jail. He was doing all the pumping for GPVI and bashing NSDM. When he went to jail, all information came to an end. It is kind of hard to invest in a stock where the President spends a lot of time on this message board bashing other stocks.
Here we go again. You always seem to have the inside information before any of the work has been done. You are the best.
Shaun can you give any insight about what is going on. Forget all the bickering. Maybe you could shed some light on what has been happening.
Looks like NGEN ready to take off now. Charts are looking good.
Saw it but then came back down to earth. Someday it will come true IMO
Sorta...I have no reason to call you names. You have your opinion, I have mine. I admit this one is a crap shoot but I am willing to take a chance. I have made and lost money in the past on other stocks. But I do not go back and trash the stock on the boards. I move on. Stocks trade and I like to trade. I have held this since Sept, adding here and there to improve my avg rate. There is a lot of potential and if G-10 quality is found, fund resources will come out of the wood work. You raise valid points concerning liquidity but the PR did state they were securing a 1 million dollar facility. Hey I am playing with money I can lose, it doesn't mean I want to lose. Different investors have different risk tolerances. You probably should not be invested in diamond exploration but diamond mining. Good luck but please move on.
Sorta...Since when do stocks trade at their current book value????? A lot of a stocks value is based on future projections. Would you argue the same value if their exploration yielded the Mother Loan???
Reality...good samaritan my azz. You know the investors here have been with this stock for a while now and probably are still underwater. Just because plans have not materialized yet, on your timeline, does not mean they will not materialize some time soon. Again, Basher, all you focus on are the timing issues people like you have pressured one man to accompish. If they don't meet your timeframe then the stock is a POS and everyone should bail. Some of us are investors for the long haul and don't appreciate your kind here. If I wanted bashing I would go back to raging bull. Do I tell you how to invest your money. Why don't you give me a few of your names and I'm definitely sure I could bash every single one.
Why do BASHERS like yourself and Sortagreen stay here. If you are out go on with your life or go to Basher Heaven-RB. If you thik it is a scam, fine, but most investors would sell and move on. You have no more information than the rest of us. You guys pretend you know shit but you don't. If I feels like playing the roulette wheel in AC I will play. I don't need people like you telling me how to spend my money. And if I want to read bashers I will just go to Raging Bull. MOVE ON.
Did anybody find out what is going on??
Nice website
Just registered myself and received a password. I am anxious
to receive new information on this site. Congratulations NSDM!
NEWS OUT
Delta Mining and Exploration, Corp. Plans Exploration of Their Properties
May 12, 2004 4:05:00 PM ET
LEWISBURG, Ky., May 12 /PRNewswire-FirstCall/ -- Delta Mining and Exploration Corp. (PINK SHEETS: DMXP) is a mineral exploration company that controls approximately 7,500 acres of diamond properties showing potential throughout Montana and more than 10,000 acres of diamond and gold exploration properties in Bolivia.
The Montana properties are located within the Wyoming Craton where much of North America's diamonds have been found along with many of the largest alluvial diamonds. A number of diatremes have been found on these properties and exploration is planned during 2004. Fieldwork on the Bolivian properties will commence in the latter part of 2004, but initial work has revealed that these properties display similar potential to those found in North America.
Delta has experienced significant technical success since its start-up in 1997. For example, they discovered the first in-situ microdiamond ever found in Montana in a kimberlite body discovered on the Homestead property located southeast of Lewistown. This diamondiferous kimberlite will be the first diatreme to be extensively explored over the coming months as was detailed in the announcement May 10, 2004.
The Company also controls part of the Three Buttes Kimberlite. Initial exploration has shown The Three Buttes Kimberlite to host typical diamond indicator minerals including pyrope (garnet), chromite and clinopyroxene -- a major step toward finding the presence of economic diamonds.
It is anticipated that an aggressive regional exploration program has the potential to discover additional kimberlite or lamproite pipes in this under-explored area to the south of known commercial diamond bearing kimberlites in Saskatchewan and Alberta, Canada.
In Bolivia, Delta has acquired the Independencia group of concessions covering approximately 10,000 acres. These properties are located in a region that displays encouraging geology that has experienced a number of occurrences of alluvial diamond finds. Delta is planning exploration work on the Independencia property later in 2004. In addition to the Independencia property Delta controls more than 2,000 acres comprising the highly speculative but attractive Precambian property. The Precambian property displays both gold and diamond potential that will be explored during the latter part of 2004.
reality...my concern is they do not say how many shares are issued at .05. We may have a lot of resistance up there but if you buy at .02 it is not a bad return.
On a positive, for an investment house to lend 2 million to DMXP they must have something pretty concrete in the makings. Nobody just shells out dough nowadays to exploration start ups
DMXP News Out
Delta Mining and Exploration, Corp. Set to Finalize a $2 Million Financing
May 05, 2004 4:05:00 PM ET
LEWISBURG, Ky., May 5 /PRNewswire-FirstCall/ -- Delta Mining and Exploration Corp. (PINK SHEETS: DMXP) is pleased to announce the final stages of a US two million (US$2,000,000) dollar financing with a Toronto based investment house.
Subject to the completion of legal documentation and regulatory approval, Delta has successfully negotiated a US two million (US$2,000,000) dollar financing with a large Canadian investment firm based in Toronto. The investor will receive unregistered securities priced at five cents ($.05) per share and one warrant for every two shares purchased exercisable at ten cents ($.10) carrying a two year term. This agreement has been the result of continued negotiations between the two parties. It is anticipated that all documentation and the negotiated financing will be in place within the next month.
This influx of funds is testament to the growing interest in the mining sector and more specifically the Delta story. Funds will be utilized in a number of areas but will be focused on the continued exploration on the Homestead Kimberlite property and for general corporate purposes. Delta has already found diamond indicator minerals, a kimberlite and a micro-diamond on the Homestead property. The Homestead Kimberlite will be explored in greater detail to determine the viability of the kimberlite body. The surrounding area will also be explored for the presence of further kimberlites.
Furthermore, Delta will also allocate some of the funds to instigate a work program for Bolivia, South America, where the company controls some 10,000 acres of prospective diamond and gold properties.
Delta Mining and Exploration Corp, http://www.deltamine.com: is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 7,500 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. Another 10,000 acres of prospective diamond properties are controlled in Bolivia, South America.
NEWS OUT
Delta Mining and Exploration, Corp. Set to Finalize a $2 Million Financing
May 05, 2004 4:05:00 PM ET
LEWISBURG, Ky., May 5 /PRNewswire-FirstCall/ -- Delta Mining and Exploration Corp. (PINK SHEETS: DMXP) is pleased to announce the final stages of a US two million (US$2,000,000) dollar financing with a Toronto based investment house.
Subject to the completion of legal documentation and regulatory approval, Delta has successfully negotiated a US two million (US$2,000,000) dollar financing with a large Canadian investment firm based in Toronto. The investor will receive unregistered securities priced at five cents ($.05) per share and one warrant for every two shares purchased exercisable at ten cents ($.10) carrying a two year term. This agreement has been the result of continued negotiations between the two parties. It is anticipated that all documentation and the negotiated financing will be in place within the next month.
This influx of funds is testament to the growing interest in the mining sector and more specifically the Delta story. Funds will be utilized in a number of areas but will be focused on the continued exploration on the Homestead Kimberlite property and for general corporate purposes. Delta has already found diamond indicator minerals, a kimberlite and a micro-diamond on the Homestead property. The Homestead Kimberlite will be explored in greater detail to determine the viability of the kimberlite body. The surrounding area will also be explored for the presence of further kimberlites.
Furthermore, Delta will also allocate some of the funds to instigate a work program for Bolivia, South America, where the company controls some 10,000 acres of prospective diamond and gold properties.
Delta Mining and Exploration Corp, http://www.deltamine.com: is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 7,500 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. Another 10,000 acres of prospective diamond properties are controlled in Bolivia, South America.
So basically we should expect a pumper newsletter out followed by a quick rise in pps then a total collapse?? Are these traders manipulators?? After a few days they move to the next name?
I am curious because I am an investor, can't really do day trading at my job. Got a little caught up with NSDM but think it is a good investment in the long run. This name also seems promising.
Just because a newsletter is coming out does not guarantee and increase in pps. Look at GPVI. Their newsletter came out last monday and the price went down to .01 today.
I am a buyer at .001.
DMXPinsider...Is this the news you were talking about? Nothing very concrete except the potential is there.
Cubby...I feel for you. I was almost convinced about buying but so far not a very good investment. Where is Shaun now. He should be here instead of NSDM. I actually bought some DMXP but that too hasn't performed that well but seems like a lot of positive and maybe turns soon.
realitycheck...Always tough to get the bottom. If it really does move to 0.10 you will be happy getting shares here.
Realitycheck...I agree with you. I am long this stock also. I think the recent PR's are very promising.
Hockey...This feels like the same pump up with NSDM. Seems like the egomaniac tsmack aka tsxminer... is back.
just_daaa...go back to RB
A2Gems...I would take Walters years of experience over your little piece of paper from the GIA. The dictionary definition of Gemologist is the study of Gems. I did not see where it says it has to be through GIA. Get real and move on.
Shaun...Nice of you to joke around but have you seen your stock lately. What are you doing to assure your shareholders? I have read and watched your PR, and I admit it sounds enticing but I am a little concerned how serious you are when you spend time on this board.
Has anyone heard from Dan. I think we need some information why he was smiling before. Getting a little frustrated when all the people I figured were solid NSDM investors are bailing.
Deann and Prince-you did an excellent job. Best of luck to you. I hope this board doesn't become like RagingBull. Keep the faith.
GPVI is tanking. 0.037 last traded. Ouch! I might have to stick in a bid at 0.01 for the fun of this.
Did Walter ever say he was a G.I.A. graduate? There are other ways of becoming a gemologist.
Hockey-I'm in. Let it FLY
Hey just received a Pumper fax on GPVI from Equity Resource Group. Says target price is $1.50.