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chilar, thanks for the update. I don't regularly monitor this board due to low activity. In the future please post here as a reply to one of my posts. That way it shows up in my IH Mailbox and I'll know to look it up. I'll do the same.
For now this is almost our private Bboard. Hopefully that will chnge SOON!!!!!
" if they have the leases
and prices keep going up, I think somehow they will
stumble into it."
You have to assume those leases actully have intrinsic commercial value. Not just a couple of pieces of land for pump campaigns.
We don't know just what Sanford's strategery or his time table is on the public awareness campaign. Maybe he's waiting for the Market to bottom or turn around.
However, IMO, the longer he waits to kick it off, credibility problems will begin to creep in. It's oly been a week since the announcement, but let's hope he's not back into an over promise, under deliver mode.
Q 2 production numbers are avaialble NOW. Those are always current. Storage tanks are gaged regularly and produced gas is recorded as it leaves the location.
gregg, I agree that pink scam CEOs are VERY adept at developing sycophants. They whisper things they can't officailly announce with the expectation it will work its' way to Mesage Boards.
All stock scam artists were scamming virgins in the beginning, but most have a history that's not hard to discover. I've only been following ALRY for about 5 months, but I've never seen any evidence that Sanford has a scamming track record. I doubt he is a scammer. I don't consider nuggetman to be a CEO sycophant. He lives in Independence and is know by many people here. He doesn't fit the sycophant template.
"What effect will surges have on sustained growth. When production and subsequent EPS "
Not a lot, unless one is a swing trader. Whether you like swing traders or not, they are a part of the dynamics of investing and a stock with sudden peaks attracts a lot of attention. IMO, swing trading doesn't hurt a fundamentallly sound stock.
lj, hard to believe that I'm advising you to be a little more positive about the "public awareness" PR. I agree that current production and financials are essential to ALRY's growth, but IMO, that news will be far more effective as a part of a well run awareness ampaign.
We all have examples of miracle runs. A friend of mine asked me to look at a pinky that was pumping a company that had acquired the rights to re-work 3 wells, in a field that was discovered in 1912 in Caddo County, LA. They had ZERO production. But they had a BIG PR campaign in place. The company CEO was a Nigerian and the CFO an Indian. It screamed of SCAM, yet it ran from a few pennies to over a dollar in less than a week. Of course the DUMP kicked in and it dropped like a rock.
I hope the new IR firm handles future news releases. This is how I see it.
1. Production. Current production is available now
2. Financials. We have no idea of the status of current financials. Hopefully Sanford is having them worked on.
3. Operations Reports. At least once a month. Should include drilling results, number of existing wells that were worked over and the results. RHWS activities.
4. Misc PRs. Lease information, CBM news, NG news, etc.
Assignment #1 for the new IR guys. Get ALRY mentioned in RigZone.
With the right kind of exposure the PPS could have surges well beyond the math results from calculating the EPS.
All IMO.
Tekonah, You are right. There have been 5 tiny up ticks in DKGR since I've been watching them, in February. Each of them was on the kind of news that would have propelled a real stock to new levels. But with Drake they caused VERY short lived blips. The big Feb 4 run on Dove equipment lasted for hours. It ran from ~.0005 to .0006 and closed at .0005. Any swing trader that caught that run was inded nimble. I still call a fall from .006 to .0015 a plummet. Would you agree?
In your case, you've been a tireless supporter of Drake and their amazing news releases. Now, are you saying you were swing trading on those pitiful little runs? Could a person engaged in such activities be called a Pump & Dumper?
BTW. As a mature adult, I avoid juvenile terms like "dude".
Even if ALRY production hasn't increased by a single barrel since the Q1 report, check this out.
Q1 5700 bbls x $84 / bbl = $479,000
Q2 5700 bbls x $113 /bbl = $644,000
That's a 35% increase in revs, Q over Q, without adding a barrel to production.
chilar, I called the PYTO lady today. Didn't learn much, but at least they are still answering the phone.. I asked when we could expect more news. She said the last PR (April 14) announced that some clinical trials had been sent in for approval. Thay haven't heard back from that.
I sked how long that could be. She was non-comittal. I asked if it would be closer to one month or 6 months. She said it "shouldn't be much longer".
FWIW
FWIW.. I put in an order for 50K @ .037. 12,500 tranacted almost immediately.
ctb, I generally welcome skeptical or even suspected professional bashers. If there is something bad about a company, I want to know about it, and they usually find it.
I don't see arnold as a worthwhile speptic. His redundency is rediculous. He made 14 one note posts yesterday.
He just joined my very short iggy list.
By OLWALRUS. "I did not believe in paid bashers but now I do."
Me too OLW! I'm not one of those that thinks anyone that hints that ALRY's dropping don't have an odor, but I'm convinced jnaturale is a paid basher. I did a little checking into his posting history. The last time he passed through was the day we learned that the TA had been ungagged. He made 15 posts in the next 2 days beating up ALRY.
He returns today on the teriffic news of today's PR. Now, what is it about good news that get his anti ALRY juices flowing. IMO, his masters will do whatever they can to beat ALRY down, as long as they can.
There is lots I don't know about market machinations but today's action was not retail investors at work. There is no way anyone that has held ALRY stock would be selling @.035. and lower. Today's PR was the kind of commitment we have all been witing for. I heard that MM buy and sell phantom electronic shares to achieve what ever in hell their goals are.
IMO, something like that was in action today. TOO DAMN BAD!!!
"Some of us actually like it so we can play the swings"
Swings??? What swings? DKGR has been a plummet! There are no winners here. Least of all longs.
Another topic. Argo talks about DD and calling IR in virtually every post. Caling IR and reading the blog are NOT DD, with a sad company like Drake.
DD would be calling Harbin and asking if there has been any progress on permitting. Call the GA Surface Mining Unit and asking about news on Drake permitting. Call the Geologist at the Kingman BLM office and saking him if there is any activity at the Eagle/ Drake claims. Call Eagle's Joe Bennet and asking him about progress. His number is in the Bulk Sampling Permit. No, a Bulk Sampling Permit is NOT the same as a mining permit.
Argonath, I've answered your question a number of times and my answers usually get removed.
I don't own a share of DKGR and don't expect to ever own any, again. When I started reading this board in January, I was suprised at claims DKGR was making and the way some longs supprted some of the rediculous claims Drake was making.
I have a strong background in construction, excavating, permitting and some experience in mining. I decided to start posting here as a counter to what Drake and some longs were saying.
I first encountered floridaflyersfan in 2005. He was hammering the pink I was supporting. He was very right and I was VERY wrong. Sketical posters can be a service to investors...
gdave, I agrre with you on the purpose of a Board. I allways check on the Boards of any company I plan to invest in. You can read a few dozen posts and get a feel for the pluses and minuses of a stock. It helps in making a decision. To wothhold info so skeptics can't comment on it is silly. IMO.
I've been hoping that Sanford's silence on operations and production was because he was saving it for a media blitz. If nebulous information that was put out in January and February has come to pass, he could have some ammo for a hellofa blitz!
blackoak. The Washington quote put me in mind of one of my favorite quotes. I was assigned to the Hanford Nuclear Works in the mid 1990s. As a Cconstruction man, I was disgusted by all the bureaucratic delays built into every thing that was done. I ran across a quote by General Leslie Groves, the man ain charge of all Manhatten Project construction. He was getting nowhere due to fighting bureaucratic He developed a Project Motto. "If we wait untill we have The Perfect Plan, we will never get this thing built." It was posted at all the project sites and was the header on his personal stationary.
The Manhatten Project was one of history's most sucessful construction projects.
I'm not comparig Washigton's and Groves' quotes. I agree that Washington's quote better applies to ALRY's situation .
While Googling Allenergy I ran across this. Don't know if it's connected with ALRY.
Allenergy Operating Inc.
5900 Mosteller Drive
Oklahoma City, OK.
nuggetrmn, I'm surprised this comment of your's didn't ellicit some discussion.
"When or If, (your choice) production hits 10,000 barrels per month at $100 oil, that is a million dollars a month in revenue and I do not think PPS will remain at todays level.
That is not even doubling present production. "
As I recall, the last publically stated monthly production was ~ 1900 bopm for Q1 2008.. Were you hinting at something?
Another subject. The ifo Frank posted is way out of date. It list 4 o5 wells as spudded that were reported as drilled in the Feb 28 PR. Does anyone know how often KS requires operators to update? TIA.
PB, you of all people talk about jibberish???? ROTFLMA!! eom
gb55, an impressive piece of work TY. eom.
This is a link ot a post on the CWEI MBoard. It was made by a small operator drilling gas wells. It demonstrates some of the difficuties ALRY may be experiencing. It also shows the wsdom of buying RHWS.
http://www.investorvillage.com/smbd.asp?mb=2234&mn=118482&pt=msg&mid=5115798
I've clicked on all the links provided here and only get the register.com website.
Chiricano, I thought ALRY was having trouble producing the new Ball well they drilled because of gas problems. If they have gas infrastructure in place, is the Ball well being produced? TIA.
LJ, I don't know what your point is here. "ROFL,,,only brought a stop sign in a few days ago to remind me of all the exciting things that may unfold soon..."
I have made 3 or 4 posts on the Stop Sign. Each time in response to questions raised by others. Each of my posts were to explain that the Stop Sign was a symbol used by PinkSheets. com , a private company with no regulatory authority, to designate companies that hadn't signed up for their service. The point of my posts were to dispell the idea that the Stop Sign was some kind ofofficial sanction. I'm an ALRY share holder and want them to do well, but I don't fit into the See No Evil, Speak No Evil mold.
BTW, on June 24th you posted that the float had increased, but didn't say by how much. No big deal.
littlejohn. This is a hoot! "Do you have aspirations of getting rich in the markets with info older than 10 days?...LJ "
Are you so protective of ALRY, that you take every thing that doesn't fit your template for posting, as an attack on ALRY?
My post was a compliment to ALRY because they are keeping their information current. I don't remember reading that float had gone to 96 MM. That is significant information. Did you know it had gone to 96MM ? Were you hoping it could slide by without being noticed? These message boards are NOT cheerleading platforms. They are to help people make informed investing decisions.
I want to know all I can about a company I'm invested in. Good and bad. Don't you?
In scanning the information section of the Board, I noticed it is being kept current. Last information is for June 20. Who keeps the info current?
I see Float is way up. Seems it was around 40 MM . Now it's 96 MM. There are 599 investors.
ARGO, I'll tell you who doesn't give truthful , verifiable information. Go to the head of the snake. Drake Gold Resources.
There have been many posts hinting at things that have been "chirped" to a select few longs, that have never come true. No, I'm not going to waste my time posting links to you. You've probably read every post that longs have made here. Admit or not, you know wat I'm talking about.
* GA permits can be approved in 90 days.
* Drake can mine gold in GA before they get permits.
* Eagle & Drake have approved mining permits for AZ. A BULK SAMPLING PERMIT IS NOT A MINING PERMIT!!
* Dove equipment is on track.
Let me ak you something (Not expecting an answer) Who's better off today? Those that listened to the Sunshine Boys or those that listened to the skeptics?
Google the number ARGO provided.
Feb 4, 2008 ... DrakeGold.com Public Relations Contact 1-310-606-1244 Email: Info@DrakeGold.com Copyright 2008, Market Wire, All rights reserved
Stogie, I don't think Sanford has specifically said he was going to post quarterly prodction reports. I think the June 4th report is the first of the new Quartely Reports.
I think that the lack of action today shows that ALRY's PRs aren't widely read. And that longs are not doing a lot of buying. Today's PR is very important. It re-affirms Sanford's commitment to move to true transparancy. And yet, 2 hours into the day, not a single share has traded.
If the PR doesn't help move the PPS a single tic today, it doesn't mean it was wasted. It helps build a base of confisence when ALRY does get analyst coverage.
From Tulsan: "Usually there are gags about not being able to talk about the contracts and such."
I really don't know where you came up with such an idea. Revealing a company's Working Interest in wells is SOP. I'm NOT TALKING ABOUT NAMING JV PARTNERS.
Folowing are random examples that I got from Operations Updates fom three companies.
TGA
The development well currently drilling at Hana #11 (70% working interest
Nuqra Block 1, Arab Republic of Egypt (50% working interest
TGA
Block 32, Republic of Yemen (13.81087% working interest)
Block 72, Republic of Yemen (33% working interest)
TMR
The Company owns approximately 92% working interest in the well.
Meridian owns approximately 65% working interest in this well.
Meridian owns approximately 84% working interest in this well.
VYEY
This recorded interest of each term assignment is 50% of the 100% working interest and 50% of the 74% net revenue interest. 26% of the interest is set aside for royalty interest owners of each lease.
I haven't posted a single complaint about delution, why he leases what, the drilling program or lower than advertized production. My complaints are all about poor communications. As I've said, the Sunshine Boys may not be interested in how much of ALRY's production you own, but serious money will. Non Disclosure of ALRY's W.I. will inhibit the growth of the PPS.
I'm done with this thread. You can lead a horse to water, but you can't make him think.
OLWALRUS, thanks for the reply. In 5 years of ivesting in little oilies and reading thousands of posts on their message boards, I don't ever remember hearing an investor say he's more concerned about the feelings of JV partners,leases and landowners than he is about how much of a company's production he owns.
Again, waiting for financials is a built in 2 to 4 month delay to learn how much we own, after drilling results are announced. Also, I'm not asking about the names of JV partners, only percent of ownership.
We are at odds here. Time to agree to disagree.
"IMO The only thing that is hurting this company are the people that are running it."
Yes that. And the likelyhood that they will nver produce a PPM of gold, other than the PPM s they picked up in their Georgia Bulk Sampling.
Paid, it is disgusting that an official in DKGR would have the gall to tell someone that their posts are hurting this company, that has never delivered ANYTHING. I've seen the same thing from a genuine Pink Sheet scam.
Paid, I was refering to this sentence from their May 8 PR.
" Mining is expected to recommence by end of second quarter of 2008.
paid, It may never go to zero and if it does it could be a long time. IMO, a distinct short term reality is that the PPS could become mired under .0005.
Again IMO, the tiny amount of support DKGR has had that is keeping the PPS from adding another zero will evaporate if they remin silent on Georgia. Operations are scheduled to start in Arizona no later than TODAY.
Where's the Georgia Reserve Report?
OLWALRUS, I checked the financial statement and found two line items with the word "Joint".
Under Revnues:
Oil & Gas Sales $523,000
Joint Venture: $903,300
Shows how little I know about ALRY! I'm not much at reading financial statements but does this mean that ALRY is joint ventured with other companies that are operators of leases and that ALRY's share was $903,300? If so, 63% of ALRY Gross Revenues are from JVs.
Under COST of Sales there is a line item "Royalties, Joint Interest, showing $55,900. Is this what ALRY is paying JV partners in the wells they operate? If so, with Net Income of $186,000, 30% is going to JV partners.
The above information is now 6 months old. Let's that by the end of July we get gang buster information on a drilling operation. If we rely on Financial Statements, we may not know how much we own util the middle of November, when the 3Q report is due.. That may be OK with True Believers, but it will not be OK with the kind of serious money we need to go to where we hope to be.
Check any operations PR by a listed O&G company. It will refer to the Percent Working Interest (WI)the company has in the well or lease. I simply don't understand why this kind of information isn't seen as vital by many here.
One more thing. How many people do ya 'spose read ALRY PRs? Probably not many. ALRY needs analysts coverage to reach the kind of audience we need to get this puppy running. IMO, we are months away from the kind of news it will take to attract reputable analyst coverage. As opposed to pay per pump coverage.
Does anyone think a reputable analyst would recommend ALRY without knowing what percent of the oil they are pumping or may be pumping down the road actually belongs to ALRY retail investors?
IMO, people aren't looking out for their own best interst when they hand Larry a crutch by saying it's no problem that he doesn't disclose the percent of a lease or well that JV partners own. I'm not talking about who the JV partners are. That info would be nice to know,but it's not vital.
It IS vital to know what percent they own. We all know that it's VERY unlikely that there is enough money represented on this baord to make ALRY sustain a run to .15, .25 or higher. It's going to take interest from serious investors.
Let's look at this scenario. The first Banes well comes in at 30 bopd or higher. It's so good that ALRY decides to drill the other 3 locations, back to back and they all come in in the same range. The Board will go crazy!. WOW!! We're pumping another 3600 bopm!
Trouble is, we won't know HOW MUCH of that 3600 bopm ALRY investors own. The Sunshine Boys may say, "We don't care. Larry doesn't have to tell us." The kind of serious money it will take to really get the PPS heading north WILL want to know! They WILL NOT come in in a major way without KNOWING what percentage iALRY investors own.
It surprises me that any open minded person here woud not understand this. To quote Ronald Reagan. " Trust but Verify.
I imagine log timers all know this, but I just noticed it. ALRY is registered in Oklahoma. As most know, a huge majority of pinks are registered in Nevada. The state that requires the very least disclosure of any any other state. I think Wyoming is high on the list of pink friendly states. I know nothing about Oklahoma's disclosure regulations, but I think it's safe to say they are more investor friendly than Nevada.
I don't remember seeing ALRY accused of being a scam. It's comforting to me that they chose to not register in Nevada. That tells me that from the get go Larry meant to run a transparant company.
To me, Larry's biggest problem, re investor relations, is communications. Loooks very much like he is working on that.
nuggetman. Going forward here's another quote for you to pass on to Larry. Under promise. Over deliver. That Over promise stuff has hurt him.
cork, with this attitude, fagidaboud a meeting. I'm not about making smoke. "back2basics - Sure, sounds good I guess, although it seems like a lot of smoke for another a non-issue."
I've acrually met a few board posters just to get to know them in person. Nothing about smoke.
I'm not about to read back through pages and pages of posts to satisfy you. OLWALRUS got it and did a pretty good job of explaining it.
My Definition.
Sunshine Pumper: One who makes little or no attempt to objectively analyze information provided by a Company they are in love with. All comments are positive even though there are sometimes obvious skeptical observarions that could be made. Sunshine Pumpers often attack any negative comments and demand explanation.
Variation: Thin Skinned Pumper.
End of thread, for me.
cork, I live in MV, WA. Let's talk about it some time.