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PS that is a pretty good looking video, lots of potential there for a small company. Its tempting to average down a little more at these prices.
Have'nt seen $.12 in a while...
Thanks, based on that short term of a date, I think it will most likely be an expedient process.
PS. Of course it is going to be a big year, they have had this Uyowa project in their hip pocket the whole time!
Will this Canadian listing be a long, drawn out affair or is it pretty easily done?
Manipulation and corruption is EVERYWHERE nowadays, from our elected officials, to wall street on down. Furthermore all of the agencies that are put in place with tax payer dollars for oversite (SEC, Rating Agencies, Attorney Generals)are either paid off or in on the scams, including the main stream media. I'm just waiting for the whole system to implode!!!!!!
WOW $.11, I heard recently that there are codes used among MM's and those codes can be hidden in the block sizes bought or sold, for example todays 1st buy @9:30 size of 476 may mean start buying and the buy @9:43 size of 550 might mean stop buying (see link below). MM's don't pay commission and these small blocks are'nt worth much so, these trades dont cost them anything, other than the daily cost of doing business. This may explain the small odd sized blocks being traded daily. If this is a code then so what if the price drops for a few days, they can collectively bring it right back up when ever the code is given, I guess that would be what is truely meant by MM manipulation. JMHO
http://ih.advfn.com/p.php?pid=trades&symbol=LVCA
All Junior Miners are beaten down right now, especially the ones pumped up by MM's, LVCA included. The MM's facilitated their rapid rise post 2008 and subsiquently took their profits. We experienced a pumped up bubble in Juniors and it will take another crisis to reinflate the Junior Miner bubble, (sooner rather than later considering the global debt coupled with the clowns in DC running everything). The only Juniors that will recover sooner than that are the ones that really do have the assets. The only reason I think LVCA may be one of them is because Roger Newell is involved. Regarding the tiny blocks being sold, dragging down the price, I think it is the MM's doing this for reasons beyond my expertise.
I hope this sheds some light on what may be going on.
I apologize for jumping in but,
Go ahead AAEM, I've spoken with David a couple of times in the past and shared with fellow bloggers my impressions, resulting in barely any response. David is a very personable, energetic guy and has high hopes for the Uyowa prospect. I've also said before that the main reason I got involved with LVCA was CEO Roger Newell's expertise. Go ahead, give David a call, let us know what your impressions are, maybe we can get some discussion going here...
Lake Victoria Mining Company, Inc.
David T. Kalenuik, CEO & President
Phone: 303-586-1390
Email: info@lvcamining.com
Its good to see news releases picking up.
http://finance.yahoo.com/q?s=LVCA.OB
Not much going on...I sure hope the Uyowa project generates some quality results.
Nope, just the usual Market Maker games... The MM's have majority control over this stock and most other "pennies" like it. LVCA will run when they decide.
Well if it was partially tax loss selling, we should now start to see some upticks, with some news.
Look at todays trading log, how does the price go up with nothing but 33k of sells. I just don't get it?
http://ih.advfn.com/p.php?pid=trades&symbol=LVCA
First sale today; 134 shares @ .06, a whopping $8.04. Does anyone actually think that this is anything but an effort to drive the ask down? Correct me if I'm wrong but, IMHO the reason a person might sell that small amount is to be able to buy more shares at bargin basement prices latter on, is it possible someone (MM) is setting the price for some upcoming major action? Any comments on this thought?
My vote says manipulation, the bulk of shares are held by Market Makers and they are notorious for manipulation of penny stocks. What other reason would there be for someone to sell 400 shares for a whopping $24.00.
I found this article posted as MNEAF news on 12/8, read the last paragraph...
As an investor in mining stocks, Argentina has always been a great temptation; on one hand, the country has an abundance of mineral resources, as well as fault lines that make mining at a lower cost much more feasible. Companies like Extorre Gold Mines Limited (XG), based primarily in the Santa Cruz region of Argentina, are able to have a cost per ounce of under $250 on mining gold due largely to the favorable geology of that area.
But as the sovereign debt crisis grows, political risk is increasingly becoming a concern for investors in mining firms. Notably, we've seen capital flows out of Argentina double in the past 9 months. When the free market moves capital out, governments often try to stop the process via the imposition of some type of capital controls to halt the flow. And sure enough, in late October the Argentine goverment announced that export revenues from mining projects need to be repatriated and converted into Argentine peso prior to be dinstributed either locally or overseas. While this is not a dealbreaker for the mining industry just yet, it is a disturbing sign -- and one that should raise flags for mining investors.
Personally, I don't have much exposure to Argentina; Minera Andes (MNEAF.OB) is the only firm I've invested in with significant operations in Argentina. While I'm not yet liquidating this position, I don't plan on making another significant investment in Argentina. The one caveat may be Extorre, who I think has potential for an extremely lucrative mining operation as well as possessing a healthy balance sheet and talented management team -- but even then, I would need Extorre to drop below $6 per share before I can consider taking a small stake in light of the political risk involved.
Until then, I prefer mining companies that have geographical diversity in their operations if they are a major; for the smaller producers and explorers who may not have the capital to diversify operations across jurisdictions, I favor many African countries (specifically Tanzania and Mali), Canada, and the USA -- though political risk is everywhere, and something mining investors should feel comfortable with before making investments.
Disclosure: I am long MNEAF.OB.
I don't know why this stock is now displayed differently on Google Finance as "PINK", Yahoo Finance has us listed as LVCA.OB, what is the .OB? I thought we were OTCBB, why the change to OTCQB? For a moment I thought the Q in OTCQB meant "in bankruptcy" but after some research apparently not, thank God.
I found this article dated 8/2011 and thought I should share it.
What Are OTCQX Stocks? What Are OTCQB Stocks?
About 4 1/2 years ago, OTC Markets Group Inc, which is far more commonly known as "pink sheets," organized their "pink sheet stocks" into 3 tiers of classification.
1. OTCQX Stocks (PremierOX)
2. OTCQB Stocks (PrimeOX)
3. OTC Pink Stocks
OTCQX stocks, the top tier, must trade for more than $1 per share. There also must be at least 100 shareholders with at least 100 shares a piece. OTCQX companies also report to the SEC.
OTCQB stocks, the second tier, can trade below $1 per share but they only need to have 50 shareholders with at least 100 shares a each. They do not have to report to the SEC but they are required to submit audited financial statements to OTC Markets Group and provide other disclosures to be listed with them.
There are no financial standards or reporting requirements fro the OTC Pink Stocks. Investors should be particularly wary when dealing with any stock in this category - they are more unpredictable than the Wild Wild West.
One of the main reasons I am writing about OTCQX stocks is that I've seen a growing trend lately for novice investors (i.e. investors who aren't making money with penny stocks) to seek out OTCQX and trade these automatically thinking they are "best penny stocks." This is not at all true!
First, you should note that many penny stocks trade on the OTCBB which is owned by the NASDAQ and much more tightly regulated than any of the OTC Markets Group Inc stocks, or "pink sheet stocks" as they are more commonly called. Plus, penny stocks can trade on the big boards as well. Some investors get confused and think that OTCQX stocks are the top tier of the OTCBB - be careful as this is not true.
Second, sometimes OTCQB stocks can actually be a better investment than OTCQX stocks, in the sense that they are more profit potential sometimes. There are many reasons for this and only a true expert at analyzing this class of penny stocks which is highly tricky would know what to look for.
Third, even though I just said that OTCBB stocks are more tightly regulated than OTCQX and other "pink sheet stocks," picking out the real gems in the penny stock world - those penny stocks that are literally on the cusp of something truly great is NOT a simple matter of picking the right category of pink stocks. There is so much more to it than that in fact! Just because a penny stock is a OTCBB stock does NOT mean it is necessarily a better investment.
I'm trying to.
Here you go, still listed as a pink today, the whole page for LVCA is different, now with no prices showing in my watch list. Maybe its a Google screw up?
http://www.google.com/finance?q=PINK%3ALVCA#
WTF, LVCA now showing up on Google Finance as a "pink sheet" That might explain the sell off today, it just gets better and better. Maybe this company was always just a scam!
Even more baffling...who sells 520 shares @.11 unless it is just to beat the PPS down?
I've been following these as well, TRX seems out of our leage with partners such as Barrick etc and I am not sure LVCA has the same backing Canaco did, when they hit on their Handeni prospect, what is your take? Could you please post that mining publication you spoke of.
(TRX) PPS $2.57
Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration stage properties. The Company’s general area of interest has been in the exploration of gold properties, with a focus on exploring for gold properties in Tanzania. As of August 31, 2010, it had royalty agreements with five industry partners covering many of its prospecting licenses. These licenses are under agreement with Barrick Exploration Africa Limited (BEAL), MDN Inc. (MDN), Sloane Developments Ltd. (Sloane), Kazakh Africa Mining Ltd. (Kazakh), and Songshan Mining Co. Ltd. (Songshan). As of August 31, 2010, its land position totaled 132 prospecting licenses in the Lake Victoria Greenstone Belt and Kabanga/Kagera Nickel Belt regions of Tanzania, covering an area of approximately 6,770 square kilometers. In February 2010, it entered into an Option and Royalty Agreement with Joseph Magunila and Partners (JMP) over an area in the Kahama District in Tanzania 100% owned by JMP.
(CAN) PPS $1.40
Canaco Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties in Tanzania. The Company’s properties include the Handeni Gold Project and the Kilindi property. The Handeni Gold Project consists of two claims totaling 196 square kilometers, the Magambazi Primary Mining Licenses and the Kilindi Prospecting License. The Handeni Gold Project is located in the Tanga Region of northeastern Tanzania, 130 kilometers north northeast of the city of Morogoro and 30 kilometers south of the town of Handeni. The Magambazi property is owned 100% by Magambazi Mines Company Ltd. The Company has an option agreement to acquire a 100% interest in the Magambazi Primary Mining Licenses. As of June 30, 2010, it held 100% interest in the Kilindi property. In August 2010, the Company acquired a 70% interest in Harvest Mining PLC, which is an exploration company
Hey 49'r, for some reference, could you list some of those other juniors you speak of, the only one I have been following is DLKM in the Handeni District...we are now valued higher. This Uywoa prospect is a huge 900 square km, if it proves to be viable for open pit mining, we'll get that pop. GLTA
They have been hard at it, they just purchased their own auger drilling rig, good to 20 meters, wisely spent funds.
http://biz.yahoo.com/e/111114/lvca.ob10-q.html?legacy=1
Sorry about the double post.
I have been following this Co for years. I believe the reason for the 1.00 + pop a year ago was due to the excessive pumping of Singida (mass mailings, flyers etc)@ 15,000,000+ oz's, This also was occuring during the initial run up in gold stocks. After the less than stellar 2nd phase results and Otterburns subsiquent widthdrawl, word was out, Singida was quite possibly a sham. I have spoken to David Kalenuik since and he stated that the SEC was hastling them for the excessive pumping and inflated estimates. They don't want to F this up so, they are now keeping a lower profile. Trust is a terrible thing to waste....Never the less, Roger Newell is no sloutch in the mining community and my money is with him.
http://goldystocks.com/2010/01/04/lake-victoria-gold-newells-new-adventure/
I have been following this Co for years, the reason for the 1.00 + pop a year or so, ago was due to the heavy pumping of the stock ( mass mailings, flyers etc), all pushing Singida @ 15,000,000+ oz's. Well, we all know how that worked out.... I have spoken to David Kalenuik since, he says the SEC got down on them for the heavy pumping and inflated estimates, subsiquently they have had to tone it down a bit. My take is, they are legit, they don't want to F it up. You should do some DD on Roger Newell, he is no sloutch.
Finally, a more reasonable spread ($.005), maybe LVCA is growing up...
You don't see drilling results like that very often, Roger Newell is no beginner and no fool, 200K and holding...
A lot of the reason they are down is because QE1 and QE2 have ended and risk is off. If they do a QE3,(which is likely, because that is all they know how to do is print money) watch out, they will rocket skyward once again.
What is going on with Otterburn...they have changed their name to Finore mining, (FIN) no volume, high volatility, there is more to this story than meets the eye. www.finoremining.com
May 19, 2008 the PPS dipped to $.06, it looks like the IPO was $.12? I've been bargin shopping other explorers, namely DLKM, it has great Handeni Tanzania holdings but, management issues, a recent $.05 PP and 300,000,000 outstanding shares, I'm not sure it is a bargin even at $.15. LVCA does not look that bad when compaired. I think I might add 20K of LVCA at $.10 instead, Any comments?
I've looked at other simular penny juniors trading patterns recently and have come to the conclusion that, this stock trades suspiciously, considering huge spred, small sizes and buy volume. I hope I am wrong, any thougts?
Somebody bought a bunch of shares today...
http://ih.advfn.com/p.php?pid=trades&symbol=LVCA
Does anyone think that this Jr.Miner along with others, will survive the next Market crash coming our way?
It was reassuring to see Roger Newell's name still pop up as "Chairman" in the last release, he is the one I am betting on to bring this company around.
Yes, that is an awsome property isn't it, I hope we are able to duplicate Canaco's results on the eastern side...
Funny thing though, if you look at where LVCA's Handeni properties are located to the east of Canaco, they seem to overlap Douglas Lake's properties, see maps.
http://blog.lakevictoriaminingcompany.com/
http://www.douglaslakeminerals.com/
Thanks for your response 49'r, FYI Douglas Lake Minerals (DLKM)is another small exploration miner in the Handeni District for comparison. They are currently trading @ $.34 where we should be at least...
I agree regarding the small volume, how can we be at $.10 down from $.29 with initially less than 1,000,000 shares being sold? I bet 2,000,000 shares bought would not take us to $.20, I've seen a 300,000 buy with no uptick in price, many times, something is very odd the way this stock trades...