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Back up we go!!!
With a float this small we could see a major run here.
Huge hits coming in now. Just wait until tomorrow after word really gets out. No telling how far this can go.
Not a lot of action the last few days but I’m holding what I picked up. This is going to break open as soon as they PR their involvement in the phase 1 project. Remember the PR that went out did not mention WLOC in the headline. These guys haven't send anything yet and I think those smart enough to pick up some cheapies are going to be well rewarded.
I don't know if we'll make that big of move tomorrow but even if we do I'm not selling in the $1.20s. We still have a lot of trading days before the 9th and IMO anything under $1.50 is too low to exit this position. I'm holding for at least that and will play it day by day once we get there. GO EGT. GLTA
EGT is finally getting the attention it deserves. When I first started posting on this board there was only a handful of longs and few newsletter or twitter mentions. Now email alerts are flying and the bandwagon needs a few extra cars. I'm looking forward to the next two weeks and suspect the closer we get to the casino opening the bigger the swings will be. IMO this has a lot more long term potential than most realize. If they continue turning a profit and showing the kind of growth like we've seen recently $2.00 is going to look cheap. Go $EGT GLTA
Added to my position today. Increasing volume is a good sign for MSMY. Hoping the trend continues so this shows up on some 10 day scans. As soon as this starts to hold some gains it has the potential to move very quickly. GLTA
I agree with you 100% about the story not being done with WLOC. Would be helpful if we had some of the guys that played this back in 2010-2011 give us some insight into what happen and why this was abandoned.
Someone has been buying this up under the radar and for next to nothing, that's a fact. It wasn't until last week that WLOC was even mentioned in any press releases and now we find out they are moving forward with the joint mining venture and will still retain 20% of the operation even after their partners put $3,000,000 into getting this up and running.
This was trading for as much as $1.50 in 2011 and then after the forward split it was goes downhill and we were able to buy shares for less than .01. Well someone knows something we don't because the buying is a sure sign that WLOC is not done yet.
EGT strong move on over 2 million traded, today's volume was the highest in like two years. Rock solid performance by anyone's standard. I'm buying on any dips as I have no doubt this hit at least $1. GLTA
Need to get the word out about WLOC.
WLOC looking good, up 50% and news of the joint mining venture is still under the radar. When peeps finally catch on this could be a major payday.
Excellent observations and top notch charting. I agree that .79 is a fair number for the first run but I believe we see a pull back and followed by a move over $1. We have some very strong horizon events; casino opening and a Q which should show positive EPS. Friday’s performance will no doubt bring more attention to EGT. Anytime you post one of the largest gains on the AMEX folks are going to take notice. If this was a American company it would already be over $1. Again thanks for your help with the chart, it is looking very nice and gaining MOMO. GLTA.
IMO EGT is one of the strongest plays on the AMEX right now. The next few weeks should be very interesting around here.
What’s up my man, how you been?
GM All,
Been playing EGT since Feb and as you can see it moves with volume. The spike you see on the chart was from news they are now turning a profit and are expanding. Thinking we see a breakout over $1 as we get closer to the opening of their new casino on May 9th and release of 1Q results soon after.
Here's their latest 10-K
http://ih.advfn.com/p.php?pid=nmona&article=51843212
Looks like it's consoldating between .45 and .50 before the next leg.
Iconic and Willow Creek begin Phase 1 Drilling Program on Hercules Project, Nevada
04/12/2012 @ 2:10PM
MarketWire
Iconic Minerals Ltd. (the Company or Iconic) (TSX VENTURE:ICM)(PINKSHEETS:BVTEF)(FRANKFURT:YQG) is pleased to announce commencement of Phase 1 of the drilling program at the Hercules project, Nevada, through an ongoing joint venture with Willow Creek Enterprises, Inc. (WLOC). The joint venture will allow the sequential acquisition by the Company of a 70% interest in the project over a five year period, by expending a total of US$3 million on the property. The Hercules project is located in the Como Mining District, Lyon County, Nevada, approximately 15 kilometers east of the famous Comstock Mine.
The Phase 1 drilling budget will allow for approximately 2,300 meters of core and reverse circulation drilling. Metallurgical testing will also be conducted on drill cuttings and core. Once the drilling is completed, the Company intends to complete an NI 43-101 compliant resource study. The report will include all drilling, trenching and underground sampling, including the recent drilling conducted for WLOC and the current Phase 1 drilling to be completed by Iconic.
The Hercules project is a high level epithermal vein and disseminated gold/silver prospect occurring within Tertiary volcanic rocks. The Company recognized the project's potential for bulk minable, heap leachable gold-silver mineralization. The deposit exhibits shallow drilling intercepts, moderate oxidation depths and reported high recoveries of gold and silver from metallurgical tests, which need to be confirmed by Iconic.
The project consists of two broad, sub-parallel structural trends approximately 750 meters apart that can be traced along surface for over 2,500 meters. The project has at least 240 historic drill holes completed on four targets. The drill holes are mostly shallow (less than 50 meters in depth) with a high percentage located within the Northeast Zone. This work identifies four zones of gold-silver mineralization within the two structural trends. These zones are known as the Hercules, Northeast, West Cliffs and Loaves. Iconic believes additional drilling between these zones may define continuous mineralization along the entire trend.
Iconic plans to complete infill drilling and core twinning of existing holes to confirm the reliability of the historic work and further define the area of mineralization to improve the upcoming resource calculation. Phase 1 is expected to be completed by summer 2012.
The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. a 'qualified person', as defined by NI 43-101, Standards for Disclosure of Mineral Projects unless otherwise noted.
On behalf of the Board of Directors
Richard Kern, CEO
For further information on ICM, please visit our website at www.iconicmineralsltd.com.
The Company's public documents may be accessed at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Iconic Minerals Ltd.
Richard Kern
CEO
(604) 718-2800
(604) 718-2808 (FAX)
www.iconicmineralsltd.com
Glad to see you guys found a new home. Hope all is well. I was out of the loop for a while but good to be back. Have to check out the new diggs and see what’s going on.
The PR released today said it had already started but they have dig some holes and run some test. Have to go back and read the original agreement to find out the details. Once I get it figured out I'll post some stuff to make it easier to conduct DD.
Yeah I need to see if I can take on the mod position so i can post some of this stuff and get the board up and running again if it's going to start trading every day.
Noticed a PR that came out this afternoon about Iconic Announcing Commencement of Phase 1 Drilling Program on Hercules Project, Nevada. It is a joint venture with Willow Creek Enterprises Inc. that’s been in the works for a while and it looks like they’re just getting around to starting the project. Going to have to do some more DD but it looks like most of the people missed the PR because WLOC was mentioned after Iconic.
Well it looks like we may be seeing some action here after all.
By Chris Woodyard, USA TODAY. 4:25 PM. Comment ... "The incident was related to extreme testing on a prototype battery," the automaker said in its statement.
Well we didn't print a new 52 week high but after investors read this 10K I don't think it'll be long.
I'm no expert with P&F charts but tomorrows looks good for EGT. Calling for a "Bullish Catapult Breakout". They made the same call on the 20th. Just looks like a bunch of X's and O's to me but some folks swear by it. Calling for a high of .63 so why not take a leap of faith and throw in my 2 cents? If we get the volume we got on the 20th moving up .25 is not out of the question. IMO
Tomorrow will be a new 52 Week High for EGT.
GLTA
Almost 40% of the 2012 volume has been traded in the last week. It looks like someone is wanting these .0001's on the down low. Question is who and why? Still don't have the answer to either but going to keep this one on watch for continued accumulation.
Absolutely, I’ll be the first one to post anything useful.
You never know about these things, it could be nothing but the question remains and that is why the volume all of a sudden?
I’ve got a friend in Boston that can do some leg work for us. We’ll give it our best shot, we already knocked off one MM with only 60 million, if we get some real volume in here no telling how fast or high this will run. Too early to make any predictions.
So far this is the volume for the last two days.
2012/03/23 24,815,803
2012/03/22 41,062,532
When this started there were three MM selling at .0001 now there are only two. I agree with you guys that something is going on the question is what? Going to do some DD this weekend and see what I can find out. You never know how long it may take for these things to work out but if we continue to see this type of volume you can bet someone knows something.
A 10 bagger is always welcome, looks like we're running out of 3's
I can't say that for sure because I was on the bid and didn't get any. It looks more like MM covering shorts.
I didn't get a damn one of that 46 million either so I 100% agree with your call. Could have at least give me 2-3 million just to keep my quite.
Over 78 million in buys to only 2.7 million is sells. I guess some would call this "loading the boat".
Looks like some of those bid sitters are moving over before all of the 3's are gone.
I think .0006 is a given. I holding for much higher than that. This company has a lot going on and if even half of it actually happens we're going to make some bank on this play.
I'm with you, The northbound is selling it's last tickets at .0003.
I'm in!!! This is gaining traction and looks like it's ready to go.
I'm with you Pop, I can't stand these long weekends. When I was working everyday I loved 3 or 4 days off but now that I'm doing something I love 3 or 4 days feels like forever. Anyway another hour and I think the shakes will let up a bit.
Good Morning OWS,
Seems like two weeks since the market was last open. Think I'll start a petition to extend the trading day, see if we can't get them to keep the same hours as Wal-Mart.
GLTA