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EC is not doing anything to "protect" investors.
You paid to play, but he makes the rules.
Bag holders need to look in the mirror and admit they are clutching at straws, and then make a real plan to protect their assets before they become his.
I notice that you do not list this in the stocks you own. Has your situation changed?
Massey was MEE. Just bought by Alpha Natural Resouces due to Massey lying of safty reprots over and over again and Gov and lawsuits comoing down on them. Just in then news an month ago or so.
This is the pinks. You can not force the CEO to do anything. Only he knows when it will strike, and to his advantage not yours.
I have even seen the excuse given," We are doing this R/S to protect share holder value".
We tried to warn you. This thing has a PPS of .0001-2 and low operting shares for a reason. Not a diamond in the rough.
I think you siad you were buying at .0001. See if you can sell them for that. GLTA
<<I'm a big shareholder of QMIN now! Do you know how to force the CEO to protect the current shareholder's percentage of ownership in the case of R/S or even huge OS dilutions?>>
Independent reports on assets in the ground.
Levels of ash and sulfur
Mining methods called for.
In general a cost report on the cost of getting the coal out of the ground compared with current prices and the volume mined.
If you pull out 10,000 tons and wash 50 ash away, you have 5,000 tons and cost of washing. Throw in grade of coal and what is paid, then operating costs per month vs. production.
KENTUCY - The producing mines are tied up with the bigger boys.
What is left is not economical to mine. So it is used as it was with Quest. - The story goes - "Current prices of coal make it feasible to re-open this mine asset that has been closed for 15 years. We will bring it back into service and production to take advantage of the ever increasing demand for coal. Profits are to be had and get in during the rehabilitation of the mine and before production to make 100s% on your investment." They then sell stock- buy some outdated equipment that keeps breaking,, employ a few good old boys from the neighborhood to make it look like something is going on. Produce just enough coal to make it look like profitability is just around the corner so they can keep it going for 2-3 years+ and do a bunch of R/Ss. Live off the R/S money and the bag holders that were lured by the big returns,,, not realizing that KOL from 2009 to now went from $12 to $50
http://www.worldcoal.org/coal/market-amp-transportation/coal-price/
http://www.eia.gov/cneaf/coal/page/acr/table28.html
<<How would someone value a coal mine that is not operating?>>
That is what was said before the last 3 R/S's. But5 he found a way to lure in some new fresh bag holders. That is why we are woking so hard to warn you. Go back 2-3 years and and read the board.
<<QMIN-CEO should not do any R/S in the future! Otherwise nobody would buy the stock anymore since they already did seven R/S in 2004~2011! >>
I am pretty sure it was the ash and the amount of washing that was a main issue.
<<Don't remember specifically, but it was relatively low- low enough to be mixed w/ high sulfur coal to bring the average down, but not low enough to garner any real premium by itself. The problem wasn't the quality of the coal, but the fact that the seams were too narrow, and too much extraneous stuff mixed in with the coal to make it profitable to mine. There's little if any chance that the mine will ever re-open. >>
Sulphur and ash. One was really high - I think it was ash.
Figures were high - posted here about 1 year ago. Go back to last may 2010 and will probably see find it.
IMO - this shorting is a myth and I seriously question those who bring it up on an almost daily basis. You can also only short a pick from an overseas account. With the volumes trading here - no evidence of that happening.
IMO - a big smoke screen to take away from important facts about the company like mine closed, no revenue, BK, etc. i.e. the pump before the R/S.
<< Because of the NASDAQ and NYSE rules shorting a penny at this price is pointless, let me explain why. Plesase note I would have to have 25 Million dollars in capital to make this worth my time, but if I had 25MM I would not be worried about about $1000 profit.
Why do I care. I have watched investors lose money for well over 3 years on QMIN. Yes there have been a lucky few but so many have lost.
<<Short 1000 shares QMIN.pk at $0.0002. Cover at $0.0001, Amount needed to cover trade: $2500.00. Profit: $0.10 less 2 commissions.
Short 10000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $25000.00. Profit: $1.00 less 2 commissions.
Short 100000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $250,000.00. Profit: $10.00 less 2 commissions.
Short 1,000,000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $2,500,000.00. Profit: $100.00 less 2 commissions.
Short 10,000,000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $25,000,000.00. Profit: $1000.00 less 2 commissions. >>
The thing is BK, shut down. $60,000 is IMO generious.
How much you want to pay to buy someone elses debt?
<<0.0002 x 0.0003 now. Nobody wants to sell the shares at 0.0001! QMIN
is extremely oversold and undervalued now based on the joke $60K MV>>
Looks like the .0002s are back.
<<Late Eod buying ,looks like .0002 are gone.>>
$400 flipped 5 times. Wow. I do nto think that is meaningful.
Still no revenue, no product, only people chasing Henning trying to get paid.
You kidding?
How would you know about reducing A/S?
Right on Pedro
He also has to pay whatever "stock" promoters he is using. Postings have increased by pumpers and soon to be followed by paid newletter saying " iffy past, but new operations bound to make it soar."
Actually, I think it's more likely that EC and "friends" are the ones who are dumping at .0002- $10k+ today. Should be enough to meet his payroll- himself. There should be no other expenses, except maybe a post office box. He's certainly not spending it on mining.
Quote:
--------------------------------------------------------------------------------
Pull in more suckers and have lunch!
$8 - That's a nice Pulled Pork Sandwich and Ice Tea for EC.
--------------------------------------------------------------------------------
Pull in more suckers and have lunch!
$8 - That's a nice Pulled Pork Sandwich and Ice Tea for EC.
<<Manipulation is right! 140k shares at .0003? That's what, $42? Even if they bought at .0001 ($14), that's $28 gross minus maybe $20 in broker's fees? So someone made $8? And another 9,998 shares at .0003 today! A $3 sale. I won't mention commissions. Just someone trying to pull in more suckers. >>
Thanks for the update
Doubloon - started following WOLV about a year ago, and then not much for last 6 months. PPS seems to have broken down - Can you fill me in on why?
Fact again! Dude you are going to spoil the momo.
Can only short pinks for overseas accounts. Besides MM activity to create a market. Not sure how many with overseas accounts even know QMIN exists. Secondly - you make money shorting something with actual volume. Like shorting banks or tech right now since it had it's run.
<<There are no shorts. There is no short squeeze. QMIN has not had any shorts listed on the reg sho list for over 4 months. Any statement stating or implying there is a short squeeze is false and dishonest- especially since the link to the reg sho list has been posted here repeatedly. >>
Well said. Posting facts - a troublesome concept.
<<There is no shorting of QMIN. Period.
Once again, you're using irrelevant information to imply a non-existent short squeeze.
Where did you get your information on the shorts?
If you're quoting the FINRA daily list (again), it's already been explained that those shorts are used by the MMs to create liquidity. They are usually cleared up quickly- the same day, if not instantaneously. If not, then they go on the reg sho list. QMIN hasn't been on the reg sho list for over 4 months, which means those shorts you're quoting were cleared right after they were created.
>>
Can only short Pinks via overseas accounts. Often happens when company goes into BK. Go figure.
<<27,493,210 shares were shorted from 06/15 to 07/01 alone. >>
Here they are.
•Capital Change=shs decreased by 1 for 100 split. Effective date=1-30-04
•Capital Change=shs decreased by 1 for 4 split. Pay date=8-17-07.
•Capital Change=shs decreased by 1 for 10 split Pay date=12/14/2007.
•Capital Change=shs decreased by 1 for 10 split Pay date=11/04/2008.
•Capital Change=shs decreased by 1 for 100 split Pay date=08/04/2009.
•Capital Change=shs decreased by 1 for 20 split Pay date=06/17/2010.
•Capital Change=shs decreased by 1 for 25 split. Pay date=02/02/2011.
You got that right - Biggest Question- who pointed you here?
Could not say it beter myself.
Fundimentials and technicals? No bashing here. Good to look at the data/facts on the company. Mine is closed for almost a year now? While open- it cost more to get the coal out of the ground than they made from it. In Bk. Company announcement was abandoning coal and trying to aquire small oil wells in Kentucy. To this date no record of any being purchased. Took part in conference in Texas to try na raise money for that. EC did not show up at last minute and so another representative had to make the presentation. Company has operated at a loss as long as in business, and with R/S history IMO-has lived off the backs of the bagholders that could be lured in.
Past history is a gerat indicator of the future. He will lure you like atrout if you use techincals. Any move above 50 day moving average and an increase involume of 2-4times and the suckers come right in. Problem is that you are coming from .0001 and no volume, so what you you really buying. Example with $10,000s trading in a buy and sell to himself or friends at .0002 you would see 50 million shares in volume, and the trap is set. MOMO board goes nuts and you have 20+ mmoriders bidding up to .0005 and now volume of 20 million, and new Bagholders.
As long as company has now product to sell,,,,IMO - don't buy the stock.
GLTA
<<I listen to the fundamental and technicals! I listen to my investing
experience (over one decade on OTC stocks)! I also listen to the CEO
of the company! But I never listen to the people who bash a stock... >>
Have you been listening to those who have been here longer?
What you be smokin?
Volume today 5 Xs normal.
Like having a gas station with a leaking tank.
Awesome. Check out HRRN if you think penny scams never get prosecuted. Double digit charges.
If you can believe in Pizza, then I think you should also follow Wayne. Wyane is the new Messiah.
IMO - They be dead. A few years ago they hinted at cell phone or moble ap. Can't even pretend to have that now,,, as it already exists. Everything they have ever mentioned now is in the market and done better and by big successful companies. They have no material to even fraud with.
Iceman - check out the new developments - they be going to prison.
<<The MAN BEHIND THE MOBILE HOME...............
HE-5 RESOURCES CORPORATION TICKER SYMBOL: HRRN
http://www.he-5resourcescorp.com/contact.html
Mailing Address:
HE-5 Resources, Corp.
61 Shady Tree Lane
Carson City, Nevada, USA 89706
Phone: 775-291-6469------(THIS IS A T-MOBILE CELL PHONE with an automated Message that says no one is available with no reference to HE-5 in the message)
http://www.pinksheets.com/quote/company_profile.jsp?symbol=HRRN
"Address:61 Shady Tree Lane
Carson City, NV 89706
USA"
**************************************************************
That mobile home is owned by Barry Somervail. Tax bills are sent to the
same location.
David A. Dawley, Assessor
Carson City Assessor's Office
201 N. Carson St Ste #6
Carson City, NV 89701-4289
(775)887-2130 fax: (775)887-2139
"Stock Devil" <iceman1co@hotmail.com> 04/01/07 4:38 PM
That helped Tremendously Sir....................Does it by chance show
who
the owner is of that mobile home?
From: "Dave Dawley" <DDawley@ci.carson-city.nv.us>
To: <iceman1co@hotmail.com>
Subject: Re: 61 SHADY TREE LANE
Date: Sun, 01 Apr 2007 10:59:42 -0700
61 Shady Tree Ln is a mobile home in a mobile home park. The park name
is the Cottonwood Mobile Home Park and is not zones for a business.
Hope this helps. Dave
David A. Dawley, Assessor
Carson City Assessor's Office
201 N. Carson St Ste #6
Carson City, NV 89701-4289
(775)887-2130 fax: (775)887-2139
"Stock Devil" <iceman1co@hotmail.com> 04/01/07 12:33 AM
Hi I hope you can help me, I tried using your website to find out if
there
was a business located at
61 shady tree lane, carson city,nevada 89706
The Information I have is that a business called HE-5 Resources
Occupies
that address but I cant seem to pull it up...............??
Can you confirm the following address does belong to that company and
is
zoned as business address?
any information you can give me on this property would be very
helpful........thanks
***************************************************************
So who is the man behind the mobile home---Barry Somervail?
James Barry Somervail Appointed Director of SIERRA GOLD DEVELOPMENT CORP. May 17, 1995 Carson City, Nevada
http://www.secinfo.com/dUqN3.61z.d.htm#1stPage
O.K. I need help from the F-N-F crew here as I am tired.....I want to know who Mr. MOBILE HOME MAN IS? In my brief search I found Reference to CANADA BASED MINING COMPANIES..GEE WHAT A SURPRISE! Lets connect some Dots here if you have time.....
>>
Blue,,, - touching bases with a few old timers -
FYI - Multiple charges filed - Looks like the journey is over for them, a 10 by 10 in the near future.
Amazing how they kept it going with new bagholders for a full 5-6 years after all on the boartd new what was goign on.
<<I think its funny when the CEO of a "mining" company also runs his/her very own online clothing store!!!!!!
Online Shopping Center; all you need for women, men, children
http://www.mondia-commerce.com
BizWiz EZ Commerce Site
Quick Contact & Profile
Freedom Commerce
Denyse Raynault President Outremont, Quebec
Telephone # available to BizWiz Members Only
SEND EMAIL
>>
Duedillinger - check it out - charges filed - finally looks like they are done!
How did you find out about HRRN?
and - How much were you taken for?
Tests demonstrate wide operating range of Ivanhoe Energy's HTLTM (Heavy-to-Light) technology
CALGARY, May 5 /PRNewswire/ - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX:IE.to - News) (NASDAQ:IVAN - News) and Dr. Michael Silverman, Executive Vice President and Chief Technology Officer today announced that heavy crude oil extracted from Ivanhoe's IP-5B well in the Pungarayacu field in Block 20 in Ecuador has been successfully upgraded to local pipeline specifications using Ivanhoe Energy's proprietary HTL upgrading process. The successful tests demonstrate the flexibility and robustness of the HTL upgrading process to convert diverse heavy crude feedstocks into more valuable and marketable, pipeline-ready synthetic crude oil. In addition, these tests help position Ivanhoe Energy for full-scale heavy oil operations in Ecuador and in other countries having similar heavy oil characteristics.
Ivanhoe Energy drilled its first two appraisal wells in the Pungarayacu field in 2010. This followed a 26-well appraisal drilling program in the 1980's carried out by Petroecuador, which provided valuable preliminary data on the field but did not include thermal recovery and hence did not produce any oil for characterization and testing.
Ivanhoe Energy's goals for the initial wells in Pungarayacu were to add to its preliminary understanding of the reservoir, to carry out thermal recovery tests, and to extract heavy oil for characterization and upgrading tests using its proprietary HTL upgrading process.
Ivanhoe Energy drilled its second well, IP-5B, at the southern end of the Pungarayacu oil field in Block 20. Following thermal operations, heavy crude was extracted and test volumes were sent to Ivanhoe Energy's HTL Feedstock Test Facility (FTF) in San Antonio, Texas. These heavy crude volumes were successfully processed and converted to a product that would meet pipeline specifications in Ecuador and would have a higher value and greater marketability than the raw heavy crude.
"This successful processing test confirms the capabilities and flexibility of our HTL upgrading technology", said David Dyck. "We believe our HTL process provides Ivanhoe Energy with a unique capability to help the Government of Ecuador, and other governments and heavy oil owners around the world, develop this important resource in a cost-effective and environmentally-responsible manner".
Ivanhoe Energy's technical team is pleased with this result given the specific characteristics of the crude samples that were obtained from IP-5B. The crude gravity is similar to Athabasca bitumen, at approximately 8 °API, however other characteristics are quite different and present specific upgrading challenges. This included higher residual oil (heaviest fraction of the crude), metals, viscosity, solids, and water. In order to deal with these challenges, the FTF was calibrated and customized to suit the feed, and the processing was successful. The input heavy crude, with a gravity of approximately 8°API, was upgraded to approximately 17°API, while the viscosity of the feed was virtually eliminated and the metals significantly reduced. All of this was accomplished with an overall liquid yield of 88%. These results were from Ivanhoe's first well of recovered volumes and as such represents an early test result. Ivanhoe anticipates that improvements in technical attributes, including API, will continue to advance as progress is made on the overall Ecuador project. This would be consistent with improvements achieved in the Tamarack Project also operated by Ivanhoe.
"In recent years, we have dramatically improved the overall performance and capabilities of the HTL process from its early stage design," said Dr. Silverman. "Over the last twelve months we have focused deliberately on making the process as flexible as possible so we can handle different and more challenging crudes. This preparation served us well when processing the heavy crude from well IP-5B."
An independent review by Gaffney, Cline & Associates estimated that within the 250 square-mile delineated portion of Block 20, and within the Hollin formation, there are between 4 and 12 billion barrels of oil originally-in-place. Canadian reporting standards and, in particular, the Canadian Oil and Gas Evaluation Handbook, stipulate that, until it can be established that oil will flow to the surface, original-oil-in-place must be reported as "undiscovered resources".
Ivanhoe has also commenced a 190 kilometre 2-D seismic program on the southern part of the Pungarayacu Block. Ivanhoe anticipates that this initial phase of shooting and processing of 2-D seismic will be completed in early July. The seismic data will be used to better identify sub-surface structures, assist in the selection of future drilling locations and possibly determine deeper geologic trapping systems which may contain lighter quality crude products.
HTL represents a unique competitive advantage as Ivanhoe executes its heavy oil business plan around the world. HTL has demonstrated the ability to upgrade a wide range of heavy oil feedstocks with significant variability in characteristics into a more valuable and marketable synthetic crude oil meeting pipeline specifications. HTL eliminates the need for diluent and blend agents for transport, and eliminates, or virtually eliminates, the need for natural gas for steam generation for thermal recovery. These HTL advantages all come to bear in Pungarayacu in Block 20, as well as in many other heavy oil fields in Ecuador, where access to natural gas and blend agents is restricted, and heavy oil is abundant.
Ivanhoe Energy Inc. is an independent, international oil and gas company with a focus on heavy oil development and production using advanced technologies, including its proprietary, patented heavy to light upgrading process (HTL™). Core operations are in Canada, Ecuador, China and Mongolia, with business development opportunities worldwide. Ivanhoe's shares trade on the NASDAQ Capital Market with the ticker symbol IVAN and on the Toronto Stock Exchange under the symbol IE.
For more information about Ivanhoe Energy Inc. please visit our web site at www.ivanhoeenergy.com.
RPT-Mongolia's energy reliance on Russia, China a key risk 2 minutes ago
Green lights coming.
ULAN BATOR, June 21 (Reuters) - Mongolia's growing dependence on neighbouring Russia and China for fuel and power poses a major risk to its booming mining sector that investors need to consider, foreign business executives said on Tuesday.
Landlocked Mongolia, which hopes to raise some $25 billion over the next five years to build roads, railways and mining towns, imports about 90 percent of its petroleum products from Russia, while the rest comes from China.
The sprawling country, which produces only about 4 billion kilowatt hours of power annually, already relies on imports from its northern neighbour Russia for around four percent of its current consumption and is in talks to import power from China.
Officials say electricity import needs are set to rise sharply.
Reliance on essential energy supplies makes Mongolia vulnerable to supply shocks and price rises, especially as Russia has been known to turn off supply taps, for example during price disputes with Ukraine, according to Paul Aston, a partner at law firm Holman Fenwick William, which helps conduct risk assessments for mining companies.
This vulnerability has been felt acutely this year, after Russia cut oil and diesel exports to Mongolia in April due to shortages on its own domestic market, a move that crimped mining activity while driving up pump prices and bus fares.
The continued shortfall has come at a critical time, with diesel demand from construction, agriculture and mining peaking during the summer months when productivity is at its peak.
According to local media, the diesel shortage has forced the Mongolian government to order a temporary halt of diesel supplies to some miners, suspend some railway operations and to dip into its emergency stockpile.
Supplies from Russia have yet to resume. Some miners have now resorted to refuelling their trucks from China and the Mongolian government has also been buying small amounts from China, although they are 40 percent more expensive than those from Russia.
"There is a real shortage of diesel...and the impact is felt across wide sectors in the country, especially miners," said Jim Dwyer, Executive Director of the Business Council of Mongolia, representing foreign firms.
"Mongolia needs its own refinery and that's the only way it can break out of its dependence on Russia for its fuel needs."
NEW REFINERIES, POWER PLANTS
Mongolia has suffered numerous fuel shortages since the 1990s after the dismantling of the communist system and the government has drawn up plans to build its own refineries.
The earliest start of its first refinery is set in the autumn of 2014, under a plan by Japan's Marubeni Corp , Toyo Engineering Corp and Mongolian Mongol Sekiyu to build a $600-million plant in Darkhan city about 200 km (124 miles) north of Ulan Bator.
"These sort of fuel shortages can threaten project timeline and push up mining costs, so it's a risky business. There may be plans for a refinery, but that will only come three years later and its not uncommon for to see construction delays," said a mining executive who asked not to be identified.
Mongolia uses about 1 million tonnes of petroleum products annually, with diesel accounting for up to 60 percent of such consumption.
To feed growing demand for electricity from miners, the Mongolian government is looking to build new power plants in the south Gobi region and as well as near the massive Oyu Tolgoi copper-gold mine project.
The government has also given approval for Oyu Tolgoi investors Rio Tinto and Ivanhoe Mines to build an electricity line to the Mongolia-China border to import power from China. (Editing by Anthony Barker) (Reporting by Kazunori Takada)
.0001 and no bid is on the way. - IMO
To clarify - this is for IVN the mining side.
He has a history of getting heavy weight partners when he needs them.
Great to hear from you. What is your story, how did you find it, etc.
Introduce yourself to the board and I am sure others who have been lurking will come to life.