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Well, I'm sorry for everyone in SLJB as well. I never dove in as I couldn't see the financials at all supporting a .10 share price, but I do think .04 is probably a lot closer to what we'll see. Hopefully we'll see soon.
GBDX is shaping up to be a disappointment as a one month hold. Should've gone with CKYS. I now get the feeling it will take more than a month just to get my money back. I'm not too excited about it as a long-term hold, even though I believe the company is fully legit. There just isn't enough info out there to get a complete picture of this company and their full operations. Hopefully more will be explained sooner rather than later.
I've decided to wait until after the split to buy more CWRN to keep my tax loss. There are rumors that big news will follow the week after the split. Might be a good short term play at this point. The news will probably entail financing combined with an off-take agreement with a Chinese steel-maker. The size of the pop will depend, I think, on how well-known the steel maker is.
But I think sustained growth in value won't come about until the shipments start, probably in March or April.
Thanks for the answer, Creede. I was beginning to wonder if my question was like a tree falling in the forest...
LOL. That stock dividend was for restricted shares. It would basically be a generous gift without increasing the liquidity of the stock or achieving any of Bob's objectives here. I own 525 shares of restricted stock from that dividend which is about to become 6,150 shares that I will be unable to trade until, I think, March.
Boo. Yah.
Yeah, I'm fighting the temptation to screw my tax loss and buy up...
At this rate, you'll have more mods on this board than posters!
See? It's already attracting attenion!
This company will be on a lot more people's radars as a sub-penny.
My only hope is that they reduce the authorized shares. Post split, the A/S would be over 1.5 billion, and I think that would send the wrong message.
But 400 million shares is not at all uncommon in the pinks and wouldn't scare pink investors away. I can't tell you how many times I've heard folks on these message boards say, "And there's only 400 million shares!"
I wouldn't expect to see any financials for a long while, at least until after they are a producing company. It's just not going to help much until that point. Financials only serve two purposes: moving to the OTC BB or proving revenues that are not valued into the stock price. These considerations are a long way off for CWRN at this point.
I still plan on buying up in coming months. This is not dilution in the sense that the O/S has increased in proportion to our holdings. And nothing has changed about the company.
I wouldn't expect any significant news to be released until after the split. This stock will start to build again from a new bottom, almost like a do-over.
I don't know. I'd be interest in hearing from people the prevailing wisdom on stock splits in the pinks. I have a thought and a question:
Question: Would a stock split cause naked short positions to cover in order to prove ownership for the split?
Thought: I believe they are playing into the psychology of pink investors, which is very different than the thinking on major exchanges. I've seen stocks with less promise trading at higher valuations primarily because the share prices are so cheap. Apparently some influential investors wanted Bob to take this step. I have found that it is more common in pinkland for a good stock to go from .003 to .10 than it is for a good stock to go from .02 to .60 (which would be the equivalent pre and post split).
Does that make sense, or am I fooling myself?
That might be true, but they could do that with a 2 for 1 split. I think there is also as reason for pushing this deep into sub-penny land per my prior post.
My guess around the thinking is that since this stock has fallen so low, it will be difficult as a pink stock with no financials to get back from .02 to .60 or more no matter how well the company does. But it is far more common for a promising pink stock to climb from sub-penny to .10 or higher.
I see far less promising pink stocks trading at higher market caps because of the attractiveness of a miniscule share price.
Everyone in pink land looks for that pick that will make them a millionaire.
That's all I can think as to why investors wanted this to happen.
Any insight Bullit on the thinking behind this?
I guess I'll be certain to get my shares under .02 now. probably more like .003. I hope Bob knows what he's doing...
You are going to drive yourself insane trying figure out the motives and reasoning of other traders. My advice, base your decisions on the fundamentals and only nominally pay attention to market behavior to pick your timing. The fundamentals always win out in the end.
Why do you want to know what the bottom will be anyway (as if it could be predicted)? Are you looking to buy, or are you thinking you'll sell?
If you think Bob is dumping shares on the market, then this is a bad stock and you should get out before you lose everything. I'm still here because I don't think he is. I don't think that's the likely conclusion based on what he has stated both to me personally and to the shareholders, where the company stands, and the market behavior. Volumes have increased because the share price is lower, but I don't think the trading $$ has increased much. Why don't you contact the transfer agent if it worries you to find the outstanding and restricted share count and stop these unfounded speculations.
There will not be a large buying movement until Bob proves his business plan works.
So what's going on here? Reo Starr has been on the table now for two months. Is it still on the table?
You're all right, blockman. Even if you are from Southern California. All my fellow Californians are brothers!
I'm not concerned. If I have to hold long I will. The money invested was my tax loss dollars from CWRN. I want to rebuild my position in that stock come December and I was hoping for a decent one month play here. We'll see. If I decide GBDX is a better hold, I may keep it there.
In the best of worlds, I double my money on GBDX and buy back into CWRN lower than I sold.
But it rarely seems to be the best of worlds in pinkie land.
LOL. Yeah. I thought it'd be a faster way to make some cash. All I needed was a handful of diamonds and I could let my investment rot...
When you rely solely on message board posters (from varying backgrounds, varying competencies, and varying integrity) for your investment information, you are going to get stories that don't line up to the exact day and hour. It happens with EVERY stock on these message boards. What did Alex tell you?
I trust both Lochan and Ronnie D based on what I've read from them in the past. They just handle information differently. I especially trust Ronnie, who knows his way around valuing a pink stock. I think they both heard the same story and reacted differently.
I can indeed believe the NYPD will send a couple of cops to respond to a complaint that a scam operation is defrauding investors. Most calls that police respond to end up being nothing. That doesn't mean they don't respond.
Well, I expect this will fall in the morning, which saddens me. I was hoping for a good November here. It could still happen, but with all the alarmist posts, it will be more difficult to get over the hump...
Maybe I did bet on the wrong horse. What to make of this? I hate when stocks get weird on me...
Posted by: Lochan
In reply to: Lochan who wrote msg# 16649 Date:11/14/2006 6:43:42 PM
Post #of 16675
URGENT MESSAGE TO ALL GBDX SHAREHOLDERS
I just received a call from Alex at GBDX. He said a shareholder contacted the NYC Police Department's Organized Crime Unit accusing the company of fraudulently cheating him out of the money he had invested in GBDX by running a scam operation out of a NYC office building. The police came this morning to the office of GBDX at 2 West 46th Street. Alex said this police activity could have seriously jeopardized the company's ability to remain in business.
Alex is insisting that no one attempt to breach security at the new office building. Anyone who tries to enter the building and gain access to the sales office at 2 West 46th Street who is not a jewelry wholesaler will be arrested.
He mentioned that the Company's name will be posted on the building's register in a few days. Their lease for the office space is for five years with renewal rights for an additional five years. This is no scam. He stated very emphatically that shareholders must not try to gain access to the sales office. Such an intrusion could cause the company that insures GBDX to cancel its policy which could cause them to shut down. That would make our shares of GBDX pretty worthless.
PLEASE DO NOT TRY TO ENTER THE BUILDING AT 2 WEST 46TH STREET
WITHOUT AUTHORIZATION.
DO NOT CONTACT POLICE OR ANY OTHER GOVERNMENT OFFICIAL TO HELP YOU GET INTO THE BUILDING. YOU COULD BRING ABOUT YOUR OWN FINANCIAL RUIN.
Lochan
Congrats Brent and all the rest on CKYS (although it's almost flat for the day!) and especially SPRL.
I hope I didn't put my money on the wrong horse hoping for a short term gainer on GBDX. As long as it finishes November above .025, I'll be content.
Ah well. We'll see. If only I'd taken my losses in October...
LOL. I hope nothing is announced until the second week of December! I want to rebuild my position at under .02 after my 30 day tax-loss moratorium is over...
All quiet on the LA front....
Agreed. This is one of the most promising 2 cent stocks around, I think, but just not before the year is out. If Bob is able to secure a good deal with a well-known Chinese steel maker in December, then the pop could happen sooner. I suspect, though, that since Bob is small, the Chinese partners would be relatively small and unknown as well. So while a deal with a small Chinese partner would help support the bottom, I think it might take an actual shipment to get this stock moving.
It's great if you can get in at under .02, but patience is still in order.
Um, the only thing I can say is...
...would you mind selling your shares on Monday so the rest of us can profit? (8^>)
This company has more unknowns than the ones I usually play. I am in at an average of .021 and feel good. A lot of posters I trust have verified aspects of this company, which is why I bought. With a full time job I don't have a lot of time for verifying everything myself. eelfland's post does not bother me. Sending someone to verify an office that isn't open yet ("open" meaning just a mailing address as far as I know), is not adequate incentive for me to sell. Asking a tenant about another tenant is often unfruitful. I know an importers/exporter and he mostly works in cafes with a cell phone and a laptop.
What would be more interesting than the "office" is where the diamonds are actually located and who is doing the certification? Theoretically, this could even take place in someone's house.
Delays are common in the pinksheets. Many legitmate companies have legitimate delays. Delays don't phase me if I have trust in my sources.
I haven't decided yet if I'm holding long or short term, but I think we'll see progress next week. I don't make price predictions, but whenever a stock drops people act like some kind of jig is up. This is normal after a delay. I'm sleeping well.
I believe I also mentioned GORO as a safe small gold play, being that the company is run by the former CEO and co-founder of US Gold and has major financial backing. It's shot up .50 since I mentioned it. Making a move today on no news.
I wish I'd followed my own advice and bought some.
CWRN is getting pounded. I still recommend everyone stay out for now. It is a legitimate play, though, and I expect the turnaround in 2007 to be dramatic. I've sold half my shares for a tax loss, but I hope to build my position back up at a much lower price point in December.
I'm hanging with AURC, although I'm getting weary. "And it's miles to go before I sleep. Miles to go before I sleep."
SUUB has yet to announce the finalization of the recent letters of intent for two acquisitions. Starting to sound like a small Russian oil play I was invested in.
NNRF is set to become reporting this month. I'm not sure what to expect from the financials. I doubt the past year's revs will significantly affect the share price one way or the other. If they have 1 million in net income for the past 4 quarters (a reasonable expectation, I think) and a P/E of 15, the current share price will be about fair. The excellent thing is that it will legitimize the company further and the ATOLL acquisition (and anticipated revenues) can start to be accounted for. I expect $10 million in net income (on about $100 million in revs) over the next year which should put us over $3 a share and possibly more. A stated goal of theirs is to get to NASDAQ. As long as the share structure remains favorable, this company has a real shot to get there.
GBDX - when it gets to .03 again, I'm out. I anticpate it will get there next week. I bought my shares between .02 and .022.
And that's the wrongjoe update...
A few weeks ago I mentioned AUTO as a safe place to park some money and get some above average returns. Today's 9 month quarterly supports that notion. The P/E is still very low here.
AutoInfo, Inc. Announces Nine Month Results
Net Revenues Increase 39%; Income From Operations Increases 62%
AutoInfo, Inc. (OTCBB: AUTO), a non-asset based third party logistics service provider, today announced results of its operations for the quarter and nine month periods ended September 30, 2006.
For the nine months ended September 30, 2006, the Company reported gross revenues of $61.4 million as compared with $47.7 million for the prior year period. Net revenues (gross revenues less the direct cost of transportation) were $13.0 million for the current period as compared with $9.4 million for the prior year period, an increase of 39%. The Company reported income from operations of $2,227,000 for the current period as compared with $1,372,000 for the prior year period. Net income was $3,185,000 and basic earnings per share were $.10 per share for the current period, as compared with $1,414,000, or $.04 per share for the prior year period. Net income included a net tax benefit of $1,021,000, or $0.03 per share for the current period, resulting from the anticipated future utilization of an available federal tax loss carryforward, as compared with a net tax benefit of $84,000, or $0.01 per share for the prior year period.
For the three month period ended September 30, 2006, the Company reported gross revenues of $22.4 million as compared with $17.3 million for the prior year period. Net revenues (gross revenues less the direct cost of transportation) were $4.6 million for the current period as compared with $3.4 million for the prior year period, an increase of 34%. The Company reported income from operations of $786,000 for the current period as compared with $566,000 for the prior year period. Net income was $986,000 and basic earnings per share were $.03 per share for the current period, as compared with $580,000, or $.02 per share for the prior year period. Net income included a net tax benefit of $239,000, or $0.01 per share for the current period, resulting from the anticipated future utilization of an available federal tax loss carryforward, as compared with a net tax benefit of $17,000, or $0.00 per share for the prior year period.
Harry Wachtel, President, stated, "We are approaching the end of another record year. During the third quarter we continued to expand our agent network and furthered our commitment to technology that will result in operating efficiencies as well as provide our customers with real-time transaction information. We are pleased with our year over year results and look forward to further growth and expansion in 2007."
AutoInfo, Inc., operating through its Sunteck subsidiary, is a non-asset based transportation services company, providing transportation capacity and related transportation services to shippers throughout the United States, and to a lesser extent, Canada. Our non-asset based services include ground transportation coast to coast, local pick up and delivery. We have strategic alliances with less than truckload, contract carrier, common carriers and independent owner-operators to service our customers' needs quickly and effectively.
2create, what kind of figures to you expect to see on the upcoming financials?
eik, suffice to say that if CKYS has the EPS they claim, you will be richly rewarded. They do look intriging to me as well, but I've put my most recent funds into GBDX, as I think it has more short term appeal. Not my usual kind of play, but some posters who I trust, blockman being one of them, have verified the company.
That's right. Bush will keep the tax cuts and continue to borrow money in record sums, print more and more money to pay those sums back, and continue to weaken our dollar and make us all poorer in the international market. He has set us up to dance to China, India, and Russia's drums in the coming years. We'll retreat back to a gold standard (going through the Euro first), because America's economic policies under Bush do not strengthen our position in either global politics or global economics.
Look beyond your own pocket book, PLEASE.
You can't be a tax-cutter AND a big spender. What a waste of six years this has been.
I certainly hope they send their buyers BEFORE the current lot gets sold, or we'll be stuck with months of not having anything to sell. What's the rush about getting everything sold today? This week?
Well, I've only been looking at this one more closely since last week. I'm glad to hear from a trusted source that the company has been visited and confirmed!
I hope so. I'm still not convinced this is a 100% legitimate play, but I do think there's momentum and that positive news is on the way, so I see it as a good short-term play at least. I will have to see more from the company to keep my money here long term.
I was going to put this money in the CDCH for short term gainer, but I think that one will continue to fall as news of a JV gets further and further delayed.
Bought 25,000 0.022 9:57 am 11/07/2006
Bought 92,300 0.022 9:59 am 11/07/2006
Bought 50,000 0.022 10:03 am 11/07/2006
Bought 2,700 0.022 10:03 am 11/07/2006
My buys according to Schwab.
Well, I just bought 170k at .022, so I know that many were real!
What is missing is that you will have 1/80th the shares you currently have. If, at $5 a share, that still puts you in the green, you are good to go. Unfortunately, you would probably have to buy at today's price to make it work. Few here have done that.
I'm out of this stock now, but I'm watching. If it falls below .02, I may buy back in.
IHDR, thanks for the PM heads up.
But, wouldn't a .01 EPS for the last six months (with 540mm shares outstanding after a $1 million buyback at .025) mean that they would have to have earned (assuming 20% profit) $27 million since April? Do you really think they've brought in that much revenue in this time? I know after the buyback is complete (about 40 million shares at .025) that the number wouldn't have to be quite so high, but it's still a big number. I haven't gone over all the PR's in detail, but you think that number is possible?
Hey 2c,
I just verified the share structure with the transfer agent. The Authorized shares were higher than Mr. Hrncir indicated. Here's the email if you want to post the up-to-date numbers in the box. The O/S is actually slightly lower than what you have in the box currently.
AS OF 11-01-2006
NUCON-RF, INC.
Issued shares are
27,343,500
Authorized shares are
100,000,000
Free Trading shares are
3,123,919
Restricted shares are
24,219,581
Thank you
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Another shareholder letter from Bob Cotton, CEO of CWRN. Since I've posted the others here I will continue to do so. I still own over 100k shares here, but I did sell 150k today for a tax loss. I intend to buy up again in December, as I think this will be a huge play in 2007. Right now though, it looks as if it will be at least a month before significant news. The one good thing is that the tests on the first site came out excellent and no additional processing will be required to sell the ore. Just build the road, blast the rock, crush it and ship it. The need for additional processing was one of my main concerns.
My advice: stay on the sidelines and keep watching for now. At the current price, though, this should be a great one for next year.
The letter (it does refer to pictures that I haven't copied here):
MANILA: THE PHILIPPINES…….
WE RECEIVED THE CHEMICAL ANALYSIS TODAY FROM THE CORE SAMPLES TAKEN AT THE NAGSABONGAN IRON DEPOSIT..
THE NAGSABONGAN IRON DEPOSIT IS NOT OUR LARGEST AT 18 MILLION METRIC TONS, BUT IS OUR BEST QUALITY FE. IT IS ALSO IS THE LESS COSTLY TO PREPARE AS THERE IS ONE LARGE SURFACE EXPOSED WALL AT 12 MILLION METRIC TONS AND IT IS ALSO THE NEAREST TO THE OCEAN AT APPROXIMATELY 17 KILOMETERS FROM WAWA.
COMPOSITE ANALYSIS WERE TAKEN FROM DRILL HOLES L-1 FROM 0 TO 15 FEET, N-16 IS 15 TO 30 FEET AND N-19 IS 30 TO 50 FEET.. THE IRON (FE) CONTENT WAS CONFIRMED TO BE AS REPORTED BY THE GEOLOGICAL SURVEY.. COMPOSITES ARE 67.69, 66.77 AND 69.02 PERCENT FE.. THE TRACE ELEMENTS OF SILICA, SULFUR AND ALUMINUM ARE ALL LOW, ONLY THE TITANIUM IS MARGINAL AND MAY RESULT IS SOME PENALTY? TITANIUM IS 0.04, 0.14 AND 0.11. VANADIUM WAS ALL <0.004 …. METRIC TONS PER CUBIC METER ARE 3.66 THROUGH 3.88 AS THE HIGH FE CONTENT LENDS ITSELF TO HEAVIER MATERIALS.
WE HAVE SENT OUT THE CERTIFIED ANALYSIS TO SOME STEEL MILLS IN CHINA, WITH THE INTENT OF STARTING CONTRACT NEGOTIATIONS BY THE END OF NOVEMBER.
THERE ARE TWO DIRECT ROUTES TO WAWA FROM NAGSABONGAN MOUNTAIN, WE ARE NOW DECIDING WHICH WILL BE THE LESS COSTLY TO CONSTRUCT THE HEAVY HAUL ROAD. WE HOPE TO BEGIN THE ACCESS ROAD CONSTRUCTION AT THE END OF THE RAINY SEASON, WHICH SHOULD BE BETWEEN THE 15 AND 30TH OF NOVEMBER.
TRACKED CRUSHING AND SCREENING EQUIPMENT WILL BE SHIPPED IN FROM THE UNITED STATES IN DECEMBER. IT IS OUR INTENTION TO START SHIPPING 15,000 METRIC TONS A WEEK FROM THE SMALL DOCKS AT WAWA UNTIL SUCH TIME WE CAN CONSTRUCT A DEEP WATER JETTY AND HIGH SPEED LOADING BAND. I HAVE PLACED TO THE UPPER RIGHT A PHOTOGRAPH OF THE SMALL DOCK AT WAWA. GEARED VESSELS USING GRABS WILL HAVE TO BE USED FOR THESE SMALL SHIPMENTS.
WE WILL NOT BUILD A ROAD FROM NAGSABONGAN TO THE JADE DEPOSITS UNTIL AFTER WE BEGIN THE IRON ORE MINING OPERATIONS. WE HAVE LEARNED THAT THERE IS A STRONG DEMAND FOR MINDORO JADE FROM CHINA JADE FACTORIES. I HAVE PLACED IN THE LOWER RIGHT A PHOTOGRAPH OF A SMALL SPECIMEN THAT IS POLISHED. OUR NEXT NEWS LETTER SHOULD REPORT THE BEGINNING OF THE ROAD CONSTRUCTION.
SHALLOW WATER (15FT) DRAFT DOCK AT WAWA ON MINDORO ISLAND; APPROXIMATELY 17KM (10 MILES) FROM THE NAGSABONGAN IRON DEPOSIT
IT HAS COME TO MY ATTENTION THAT SOME OF OUR SHAREHOLDER’S HAVE BEEN SPECULATING ON HOW OUR OPERATIONAL COST IS STRUCTURED COMPARED WITH OTHER MINING COMPANIES. I WILL SAY HERE THAT WE ARE A SMALL SCALE MINING COMPANY WITH VERY LITTLE OVERHEAD. IT WOULD BE VERY HARD TO LOOK AT OTHER COMPANY’S OPERATIONS AND COMPARE IT WITH OURS FOR A NUMBER OF REASONS, OF WHICH I WILL GIVE SOME EXAMPLES HEREIN.
FIRST OF ALL, DEPENDING ON THE MINERALS INVOLVED, IT MAY TAKE A VERY EXPENSIVE PROCESSING PLANT TO SEPARATE AND / OR CONCENTRATE THE MINERAL TO MEET THE INDUSTRY STANDARD SPECIFICATIONS. WE DON’T HAVE THAT NEED. I HAVE LOOKED AT A LOT OF IRON DEPOSITS ALL OVER THE WORLD AND WHAT I LOOK FOR IS THE FOLLOWING; ONE, IT MUST BE OF COMMERCIAL SIZE TO US OF AT LEAST 4,000,000 METRIC TONS. TWO, IT MUST HOLD A HIGH GRADE PERCENT OF IRON MINERALS WITH LOW TRACE ELEMENTS SO WE DO NOT HAVE THE HEAVY COST OF EXPENSIVE PROCESSING PLANTS. AND THREE, IT’S VERY IMPORTANT THAT THE MINE IS LOCATED WITHIN A 100 KM OF A PORT SO WE MAY NOT BE EAT UP WITH TRANSPORTATION COST WHICH IS THE SINGLE LARGEST COST IN MINING. WE HAVE FOUND ALL THREE OF THOSE CRITERIA ON MINDORO ISLAND. OTHER FACTORS ARE MINING TECHNIQUES. I MENTIONED ABOVE THAT WE WOULD BE USING TRACKED MOBILE CRUSHING AND SCREENING EQUIPMENT. THE REASON FOR THAT, IS THAT IT ELIMINATES THE NEED TO USE EXPENSIVE MINING TRUCKS TO HAUL THE MINERALS TO A STATIONARY CRUSHING AND PROCESSING PLANT. WITH TRACKED CRUSHING EQUIPMENT, WE BLAST IT AND THEN BACK THE CRUSHERS RIGHT UP TO THE MATERIALS. YOU CAN SEE THIS EXAMPLE ON OUR WEBSITE UNDER THE PHOTOGRAPH GALLERY FOR LOS CRESTONES MINE. ALSO KEEP IN MIND THAT THIS IS A LOW-TECH INDUSTRY, SO WE DO NOT WANT TO TRY AND MAKE IT ANY MORE COMPLICATED THAN IT HAS TO BE. JUST SIMPLE EQUIPMENT AND LABOR WORKING HARD.
I HOPE TO BRING YOU A LOT OF GOOD NEWS IN THE COMING WEEKS CONCERNING OUR PROGRESS IN OPENING THE NAGSABONGAN IRON DEPOSIT…
THANKING ALL OF OUR SHAREHOLDERS FOR BEING A PART OF THIS ENDEAVOR….
RESPECTFULLY,
Robert L. Cotton
THE ABOVE SPECIMEN OF MINDORO JADE WAS HAND SANDED AND POLISHED BY ME. IT REVEALS A SPECTRUM OF GREEN, WHITE, BLACK, GREY AND GOLD COLORS. THE MINERAL IS GREENSTONE IT IS USED FOR CRAVINGS, TABLE TOPS AND IN SOME CASES THE AFFLUENT CHINESE WHO ARE OBSESSED WITH THE LUCK OF JADE USE IT FOR FLOOR OR KITCHEN AND BATHROOM TILE.. AT $100.00 A SQUARE FOOT FOR TILE, THAT’S KIND OF RITZY. IN BULK ONE CUBIC METER CUBES SALE FOR $1,000.00 PER METRIC TON WHICH IS ABOUT $3,200.00 PER CUBIC METER.
WE HAVE LEARNED THAT HANAN PROVINCE IN CHINA IS THE JADE MANUFACTURING CAPITAL OF THE WORLD WITH OVER 1,000 STATE OWNED AND PRIVATE COMPANIES. SO IT NOW APPEARS THAT THERE IS A SIZEABLE MARKET FOR OUR MINDORO JADE
I think you have the right idea. I did the math last night and I sold 150k today for a tax loss. The test results are great, but the road hasn't been started yet and negotiations with the Chinese won't get ramped up until the end of the month. I think this will be trading around the same price come December and I hope to get back in with a larger position. It's a risk, but it beats paying Uncle Sam for gains in other stocks while I'm sitting on a huge paper loss here.
This stock could end up being a poster child for tax loss over the next couple months.
That said, it could end up being a poster child for the great small mining plays of 2007.