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Yea, I'm not going anywhere either...saving up for my monthly purchase...trying to get back to the number of shares I had a while back (+5,000). Wish I never sold and divided this thing...live and learn!
Been a trader with this stock since '07...I'm at the point of "Show Me the Money Jerry! Just Show Me the Money!"
I have really lost faith in the company!
Someone refresh my memory...what are 'waiting" for???
I'll take it,,,just not sure if I will continue to purchase as I have in the past until this stock price demonstrates continual growth. It is the only thing that matters to this investor.
I'll be here!
If the handle hadn't of dropped I would have been leaning toward a cup and handle formation.
One Cent! .01 Ooooo man
Where is the "Like" button? :)
Yea you would figure this would be appealing to a lot of people.
And no doubt they will be in business for decades to come!
That’s no surprise - what surprises me is the little interest shown (stock price), and no news as far as buy-outs or mergers are concern. That kind of news is next to impossible to keep under wraps! The market has BIG ears! If there is money to be made greed almost always leads to leaks.
The drill results, the construction phases, forecast/potential, all is very obvious; its right there for the taking!!!
With all the PR that’s been made - it’s like chumming the water before you cast your line. So why aren’t the fish biting?
.19 cents is no small potato's either! :)
Yesterday’s news may have influenced return investors to bring us to a new support level. I would say that the overall market condition (Price of precious metals + today’s DJI spurt sniffing the expectation of continual growth for at least the next quarter) is a REAL PLUS but this HASN'T been a factor in the past.
And I hope I'm not too early in saying this - but Yesterdays report appears to have gained the respect of the market which may allow us to experience some calculable normalcy.
Ex, Double bottoms usually take weeks to develop however, considering resent development (the overall picture) it may now be less speculative to say we can expect to almost spring-board before settling into the next support level/range.
How much of a spring board is anyone's guess but these +.09 daily gains are impressive!
But that’s my 2 cents!
Latest Developments
Press Releases
COMSTOCK MINING PRODUCTION UPDATE
2012 Fourth Quarter Revenues, Costs and 2013 Outlook
Revenues
"The Company commenced full mining activities in August 2012, and began pouring gold and silver in late September 2012. Metal shipments in the fourth quarter 2012 totaled $5.4 million, with gold revenues of $4.5 million and silver revenues of $0.9 million. Silver is accounted for as a by-product credit for financial reporting purposes. The Company is ramping up its production and plans to achieve a sustained production rate of 400 gold-equivalent ounces poured per week, or over 20,000 gold-equivalent ounces per annum. Since pouring commenced, the Company has averaged 223 gold-equivalent ounces poured per week. During the past eight weeks, the Company averaged 250 gold-equivalent ounces poured per week and in the past two weeks averaged over 300 gold-equivalent ounces poured per week. The Company is successfully and continuously adjusting its operations to improve grade, maximize yields and increase tons crushed and stacked. The Company continues to advance activities in each of these areas on a weekly basis keeping it on track for achieving the 400 gold-equivalent ounce target rate, by late April 2013."
This site is produced by SloanSterling IT SOLUTIONS
For More news: http://www.comstockmining.com/news/press-releases/326-thursday-january-31-2013
This is good stuff!
They will continue to drop the price thus tieing up moneys of major investors who won't risk to sell, then LODE will rationalize another reverse split.
Very tired of all the promises and speculations! No one knows the day or hour of this one…and because of the nature of it all…it might not ever happen as we expect. In that the price action may be more subtle than explosive. So I stop trying to figure it out.
Invested and been adding since '07. Made the big mistake of adding with margin $$ this past year thinking I could estimate the next big surge. My-bad as they say. Loss more than I care to share! What's left will just have to suffice. I'm not saying it is a loss; but for reasons I care not argue...I'm with you - this thing has been a disappointment!
I've been wondering the same thing....what has changed thats pushing this stock up?
COMSTOCK MINING ANNOUNCES THIRD QUARTER 2012 RESULTS
Commences Pouring Gold and Silver on the Comstock
http://www.comstockmining.com/news/press-releases/316-wednesday-november-14-2012
"Hold onto your Butts!"
Is it your estimation that the news last night is already priced in at this level? I have been in denial concerning our "Fallen Wedge!" Next few sessions will tell I guess!?
Boy, live and learn...my experience with dilution is it is always hard on the stock price and decided to dumb 2/3rds of my shares last night in anticipation. I thought for sure the shorts would have a continual hay-day with this one.
Of course I have only been trading since '06...this thing has turned out to be quite unpredictable for me.
Good post, especially about losing the trust of it's share holders!
Signs of dilution always seem to lead to panic selling and I thought I knew better and I wish I could believe it is over!
When word obviously got out to close associates (sorry to say it ain't any of us share holders) I didn't want to believe the charts! Because of the position of the company *backed by PR after PR that should have sent this stock through the roof) or at least the perception given.
Under any other circumstance I would have sold a while back. But I thought hedge funds were taking advantage of the stock price which MM were allowing in this supposed accumulation period but it turned out to be a growing short position(???) which doubled since last report.
I don't care what they post as an explanation...the whole thing stinks!
I am very discouraged! Been with the company since '07 and have taken too many hits waiting this thing out. I trimmed off some excess fat I shouldn't have stored up to begin with believing prior PR would move the stock. I should have known better! Never again! Too many other fish to fry! Too many promises that haven't produced on my end for me to do anymore than I already have. Especially since it is so obvious that some close associates and there best of friends have gotten word of what was being planned all along. They're going to keep on doing this crap and some insider will blow the whisle on this gang of 5 and the sh%#T going to hit the fan like they never imagine.
I have reasoned in the past that mostly margin players were the ones complaining about a stymied stock action, especially after receiving the PR that we have. But the obvious manipulation is beginning to concern me now.
So if the summation of all the results of drilling and obtaining proper permits didn't hold a rally, and the news of the compilation of the best engineers, office workers, CEO, accountants, blue collar people didn't work and the news of production along with the infamous 1st pour didn't keep it up...is everybody waiting on the news of this coming Quarterly/Forecast or what is it?
COMSTOCK ANNOUNCES FIRST MONTH’S PRODUCTION
Virginia City, NV (November 1, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE MKT: LODE) announced its production results from the first month of operations from September 29th, 2012 to October 29th, 2012. During this time, the Company has shipped 1,231.3 ounces of gold and 14,440.3 ounces of silver. In addition, the Company delivered 27.9 ounces of gold and 292.0 ounces of silver to the Northwest Territorial Mint to facilitate the minting of the commemorative bar celebrating the first pour. Combined, the metal sales generated (received payments and payments due on gold and silver) in excess of $2.5 million.
As of October 29th, the Company has crushed over 160,000 dry tons of mineralized material. Material placed on the heap pad after crushing remains under solution for as long as the pad is utilized. Throughout this period, the recovery of gold and silver continues, but the most effective economic recovery of gold and silver takes between 45 to 60 days to complete, that is, the recovery of gold and silver from the first month represents only a portion of the expected recovery. Once initiated, the Merrill-Crowe process is continuous. Likewise, the heap is continuously expanded as new material is brought from the mine and sent through the crusher. As a result, the amount of gold and silver recovered and shipped for payment always represents only a fraction of the ultimately recovered amount of gold and silver potential in the amount actually on the heap.
“We are pleased with our production start-up and the performance during this first month of pouring gold and silver,” stated Corrado De Gasperis, president and CEO of Comstock Mining. “We continue stabilizing the system for reliability, speed and predictable cash generation. The initial throughput rates are very encouraging as we work up toward a rate of 20,000 gold equivalent ounces on an annualized production run rate.”
http://www.comstockmining.com/news/press-releases
Obviously not much resistance! Wonder if the rise is due to shorts covering or buyers simply out weight our adversary's? At any rate - it is looking good for Lode!
I concur the future of this stock is incredible! Been around since '07 and don't plan on doing anything but adding.
I am holding to my thoughts of a bounce (sooner than later) in this stock followed by a more determined direction to the north ... are we anticipating anything different?
Yea..Peew! I was holding my breath for a minute there! And in my optimistic review of the charts my assumption is that today marks the turn of events. But pessimism has still got the best of me as I am HOPING these Buys aren't another run of the Ask filling shorts!
Hay KMA can you set me up on a good short-term, long term chart setting?
I think this is more than that!
If I may add - disbanded by the dispirited, demonstrating the domino effect of careless stop losses & manipulated by the MM to allow every hedge fund out there an opportunity to climb aboard.
Are we developing the infamous "Double Bottom"?
I am not sure what is left for this company if we don't have a patent???
LOL! Spot on O' boy!
Interesting that we have no buying or selling! It’s like we are in some submarine well below the surface and unaware of the terrible storm surging above us.
Smokeless Hemp? What is up with the latest news posted (Market Wire) announcing through SFIO ticker symbol on e-trade pro? Are we going to be packaging smokeless hemp or something?
Now that’s original! No Officer it just tastes like pot with half the nicotine.
Thanks! I appreciate your analysis!
I have a weekly chart set at 1 year and noticed the stock could have gone either way. However, the following day with the rise in the dollar overnight and the drastic drop in the price of gold not to exclude numerous poor earnings report should have been enough sign to sell a good portion for a buy back position/opportunity later on.
I guess I didn't expect this much of a pull-back to hit this Jr Minor. But Hind sight is always 20-20 isn’t it.
Appreciate your expertise and for the future “I be the grasshopper, you be the master!”
Glad to hear from you anytime!
The Perfect Storm!
A Stronger dollar over night seems to have kicked the price of Gold off the cliff thus aiding the weakening of commodities allowing the DJ to seeming celebrate this Omen of a 25th "Black Friday" anniversary producing this +200 pt loss of (the Dow)which really is due to the coincidence of "a string of disappointing corporate earnings reports" from some major players THUS The Perfect Storm!
That’s a long sentence isn’t it!
Let's hope Monday is not another "dead cat" bounce!
Isn't there any news (PR) about this 1st Pours' event that should brighten up the day (stock price)?
Now would we have to fill that grap by dipping to $2.59? My reasoning is that we had a gap on around the 2nd of July and we never dropped down to fill that one.
How are the bumps and bruises Gene?
Years ago GSPG I think it was called (currently new symbol) gave a whiff of news to the general public that they were just slightly mining - and that stock took off! Every millionaire want-to-be was investing and a lot of people made a ton of $$!
But then once things got serious back at the office of the potential that area could produce especially if they did everything they needed to do to meet it's full potential - the stock took-a-nose-dive/no doubt naked short selling at its finest. The message board was filled with a controlling mob of some of the most insulting ignoramuses’ and with every dead-cat-bounce they just kept pumping that stock and black balling anyone else who tried to differ. A lot of people became bag holders. Then the thing took a 200-1 split and accumulations of the years all but disappeared.
I wish I could explain it but MXSG/mining operations seems to be developing itself differently, kind of out-of-the-box methodology/approach to the whole thing of bringing this particular mine in MEX to production/market.
Not to be a bag holder incase that happens here; I am approaching this with discipline...buy in small increments and sell the last lot as a certain profits margins meet my expectations (Exit Strategy).
But that’s my cup of tea!
Wish you smooth sailing!
Is the fat lady singing...I think she is...so sweet!
"I lost it all in '08" I can relate; for me it was '07~'08...the real estate bubble burst and I left too much in the stock market. I was semi-retired. Now I am back punching a clock at a local home improvement store.
But I couldn't drop the price fast enough on my listings and the qualifications tighten up for buyers. It was a mess! I felt like I was hit by a buss...had to sell my renovated property, max out my credit, was diagnosed with type II diabetes, come very close to loosing my own house, not to mention my sanity. You’re not alone! Hope things turn around for you! Strong faith in God and mentally letting go of the past did it for me!
Speaking of potential, are we there yet? I am enjoying the dips but this thing appears to have bottom out a few days ago. With the news and everything else I didn't expect this!
Any chartist among our memebers that can make sense of this movement and at least any short term potential for heading back in the other direction any time soon?