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Too bad the buy back wasnt taking place, with what seems like very low volume or no more shorting, a buy-back itself could probably push this price back up to a dime+.
Chief, I would agree with that. I really hope this 43-101 is a good one. That could be the tide turner we have been waiting for.
True Howard, Hey analogdog...You got me thinking...I'm going to go have a glass of wine on my deck right now and think about the 43-101. I'll talk to you guys tomorrow.
-oil
Any idea how long it takes to turn one of those reports into a press release?
I did hear that Michaels recently sent the remaining amount of money owed to the geologist so we should definitely be getting the first report back no later than next week.
I'll say the report will contain less than 50 million in probably reserves and less than 10 million in proven.
Now what is your idea of a good report vs. a bad?
Howard,
How much?
Does anyone know what happened to the stock buy-back?
The 43-101 could be bad.
Where has Klon been?
This gets announced and the volume disappears! hmmm
They dont care if it stays down for another two years. They cant sell!!
In other words...
The company knew the stock was being walked down below .07, yet they continued touting it with open ended press releases & touting from Equiti trend.
Now why wont they tell us the name of the tsx company?
no, thats not true, they can release it at any time. Maybe they are embarrased by it, or have some type of personal connection to it.
What is the name of the TSX venture company?
"The information on all past and current investments will be made available shortly to all shareholders in our financial statements."
-interesting
Hopefully we'll get some answers to our questions either the end of this week or next week. Hopefully it wont keep getting prolonged.
Wick / Howard, No need to delete my posts here. I am a long in the stock. I just dont think there should be a painted picture that everything is hunky dory when there is a good chance by looking at the stock price decline that things are not. We need to promote wisdom and not senselessness. Many have been hurt enough. Too many questions still unanswered here.
With the big "reserves" report coming out, I would think that the buying pressure would have been increasing. Instead, there has been nothing but selling pressure. I dont understand it, the only thing I do understand is that it doesnt look good.
Where did Klon go? Take his money and run?
A close above .053 can confirm a breakout for the chart readers.
Thanks Howard, hope your right. em
Is this true?
From ragingbull.com
"Still no LISTED CEO for UMNG on the N.Y. State Division of Corporations website? Its been over a week now and it was a very simple form to fill out listing who the CEO is........Is AKA having trouble figuring out which name to supply them with?
That Bienial statement REQUIRED by the STATE of N.Y. Division of Corporations has been PAST DUE since 2001! And now that the Company has PR'd that Mr.De Montigny is the CEO they still have not put this information on an official Document to my knowledge.....its still just fwd looking PR's as far as I am concerned....
Why is this company so afraid to attach anyones name to an official form with N.Y. State Division of Corporations? That is where Umining Resources, Inc. is Incorporated and I fail to see why they refuse to do what is required by that Govt. Agency?"
What happened to the news this week? Apparently its either not good news or not coming out, because the stock would be creeping north and not south.
Where are the buyers?
Time to load the boat??It seems the bottom is hit. We'll have to see!
Down over 1000% since September, and over 800% since this March...i guess it depends on how you look at.
thanks em
Question to board...
I have heard someone say that the majority of the shares in the float are held by approx. 10 shareholders many of whom post on this board. If that is true then who do you think has been selling to cause the price to fall from the .40's to .05? Have shares been being issued? Is it dillution? Phantom shares??
Its either one of those, or those 10 shareholders have been slowly selling their stock? Right? There is a reason for everything, and with the reserve report supposedly coming out, uplisting and everything else, I'm trying to figure out why the stock has dropped over 800%? What do you guys think? Most likely shares being issued? It has to be one of the previous.
Yes Wick, if that plans out we are moving way up there.
Now a good report WITH uplisting can definitely carry this share price above $1.00.
Im hearing .30-.50 is just about a sure thing possibly around $1.00 if its real good.
What caused this stock rise from .01 to .40 a few months ago?
Goodmorning all, What kind of news if any could we expect this week?
It looks like ihub is giving me only one more post. I guess I will talk to you guys sometime tomorrow. Thanks for the discussion. Take-care
-oilin07
A Brazillian gay lover?? Interesting!!
Banchrima...Thats the big question.
I definitely see the huge possibility here as well, my only concern has been the large-scale constant bashing and accusations directed towards umng's management that has been taking place through-out some of the message boards.