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Here are some quick bar nap figures :
Otterburn total cash outlay for 70% interest in four properties
$15,850,538
Cash to LVCA due by May 20,2013
$937,408
Funding thru May 20,2014
$9,270,000
Additional $750,000 due for 70% Singida by May 20,2017
Purchase of Singida mining licenses due by August 2,2013
$4,893,130
Shares in Otterburn due by May 20,2013
4,300,000
Additional 1,000,000 due for 70% Singida by May 20,2017
Has anyone crunched the numbers to see what this deal is going to bring in?
Check out "Tanzanian Royalty Exploration Corp." also in Tanzania. Encouraging to say the least..
AMEX:TRE
Read the "Company Discription".
It's all good Nebula...
I don't see it as such a big issue at this point, the bid always follows the ask and it has, it is at .32 and saw .34 a couple of times today. A .04 spread with a penny stock such as this is'nt unusual at all, much wider spreads are quite common. JMHO
Looks like Otterburn has some cash, we need it but, turning over 51% interest can have its problems. I like the B&A today as well as the close, nice also touching .36 at the open. News showed up on Google and Yahoo this time !
I think the majority of the outstanding shares are held by MM's and they are all holding for the NI reports. JMHO
By the way that neckline is .47-.58
Better in the .30 range that is...
And this is one of the better Co's....
There has been at least two major email and flyer campainges in the last 2 years, one got us to $1.40 and second to $.60, they can't do that anymore without losing total credibility. They know it is put up or shut up time. I do have to say though, a painted up trend is better than a down trend, (just ask Bernanke), especially if a plan for backuping it up is in the works...Except Bernanke does'nt have a plan...You know what I mean...
Pardon my frankness but, Are we talking about the masses here...It's worked out pretty nicely in the past to get us to $1.40 or so, and now we actually are a more solid company. Hmmmmmm
For what it is worth...
As far as tech trading goes, I mentioned in an earlier post something about an inverse head and shoulder (google the definition) pattern forming, the right shoulder specifically. We are close to completion and it should be a significant bottom reversal going forward as long as the close trend continues past neckline resistance. Its' all good...
Thats ok but, for now those technical traders have something to look at...and thats part of the game.
Hey Nebula, looks like our 1K mystery buyer saved that close @.35! The upward trend continues.
Thanks AAEM for the heads up, should be right about the same time Gold resumes its climb.
Ditto G&S, I also like the fact that they are getting involved in the Handeni District neighboring Canaco. Thanks for shedding a little more light on the employee aspect of the announcement, that does lend itself to improved corporate stability. As to Windwards role, I guess we will find out soon enough. Did anyone notice the after hours buy @ .345 for 16.5K, The last time that happened we had news the next day.
What is your take on this, anyone? We've been waiting on NI reports forever and we get two days of pretty much meaningless (regarding PPS) releases. I hope the non-release of the NI reports doesn't mean they were negative...if there was positive news, why would'nt they have already released it? Hmmmmmmm
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=17440
If Windward Agency was not retained to handle this sort of thing, then they are pretty much useless IMO.
Google and Ihub drop down news window.
Thanks for your reply TFN, I'm happy with the trend and in the black as well, not complaining a bit. I just don't trust those MM's as far as I can toss them, learning more and more every day.
TFN: Excuse my ignorance on the subject but, is the next days open determined by after hours trading ? If not what determines it?
Thanks.
Looks like Mystery buyer did it again with multiple 1K shots across the bow. My question is, WTF is an unfilled sell order for 14,020 shares @ 16:54 @ $.3070 sitting there for? Is that an after hours trade? Hmmmmmmmmm?
http://ih.advfn.com/p.php?pid=trades&symbol=LVCA
Yeh, that sucks. Maybe our mystery 1K buyer will help prevent that.
I'll ponder that...I think we will close @.35 before that happens. LVCA should be generating revenue with their brokered placement selling shares @ .28.
Would be nice to close @ .35 for the weekend to maintain the trend.
Another last minute save with 1K buy @.34, thank you very much.
This price action makes no sense and smells of manipulation.
Yep, it makes one wonder what is driving it though, hopefully good news leaking out?
Nice 1K buy to close @.34, the trend is your friend.
AAEM, pardon my ignorance but, what is Level 2 and how does one interpret it?
Nice...
Lets hope so...
Yeh their called mother f-ing MM's. I keep saying, that is why this stock always sells off and has a bad reputation.
We've got a lot of pent up news ready to be released. With Singida-Londoni RC drilling to be completed end of April, IMHO I think if they pace the news releases properly, we should have a nice stream of positive news releases going forward.
I spoke with someone at LVCA and was informed that they had received the four draft NI43-101 reports and are in the process of finalizing two of them for release, Singida and Musoma Bunda. I think we will get the volume we need after that...this is why I payed .30 today.
Yeah I raised to .30 and got filled.
Getting difficult to get orders filled @.27. Have an offer for 5000 just sitting there. Silver just broke through $40.00 ounce, wish LVCA had some.
We had a follow up on January 6-7 with huge volume, with a so-so news release on the 13th. I wonder what that was all about...