Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
History is Dead, Game On
All I hope is that the Sad Sacks and Flippos are at least smart enough not to be out of inventory this week or next, or short.
Juss Countin Our Chickens
Better to do it now, B4 they hatch. Be too late then. ROFL
Me too, I like Flying Stealth
Smartest way to fly when in hostile territory.
Maybe, but don't hold your breath
If we do not get shocked with an announcement before the weekend, I would think at least Fridays Volume should be high, but who knows anymore. Anyone lucky enough to stumble into our little pink piggie and was smart enough to figure out it could turn a shiny golden color soon is already in ( many, much more than they could logically afford).
Even though volume is traditionally a great indicator of " buy on the rumor" kinda thing 9 out of 10 times, IMO, this is the 1 out of 10 that will not be reflected in a pre JV Environment to amount to anything. I know many swear by this indicator but companies ( not shareholders) that don't hype their actitivities via Market wires etc, tend to fly under the radar except for the network of those that already know. Which everyone I know is tapped out already, lol.
I thoroughly hope I am wrong, however, don't think so.
I would be in shock if there was enough volume for any type of large spike prior to the announcement that the MM's can't walk down to about where we are plus or minus a 1/4 cent at the end of each day. Remember, the game is rigged, and they have a wall at .04 unless maybe 15MM Plus Volume, which IMO is unlikely until the party starts, and the volume is no longer manageable by shorty will we see the runs.
I would not remotely consider putting any merit at all into what the SP Does or Does not do, as a precursor as to timing of the News Release. Just don't think it is gonna happen no matter how strongly we feel it should. This is not the Nasdaq and they are "not in the news" at all, by design, I believe.
Mgmt may actually surprise some folks round here, (contrary to popular opinion) and could actually be smarter than many give them credit for.
JMHO Only
Bellagio Here We Come
Still on Course for Pre Xmas
No clue as to when, of course, but in the past LP has made it clear how much he likes Fridays,( please no one needs to post what a lousy news day it is, everyone is aware) his thing is it catches the bad guys sleepin (which is a good thing) and when they wake up it ruins their weekends awaiting Mondays.
Not sure if we are in control of dictating dates for conclusions.
The last update / Q and A made it appear that the CEO of the Major is taking the reins at this stage of the game.
"November 5, 2010
Prior to the financing entities placing monies to the benefit of Medinah Minerals Chile landowners, Medinah Minerals, Inc., USA, and Cerro Dorado, Inc., the financing partners requested a formal meeting of all Principals prior to their signing the Final Agreement. The meeting was convened in Miami, Florida during the month of October 2010. In attendance were representatives of Medinah Minerals, Chile landowners, Medinah Minerals, Inc., USA Directors & Officers, and the financing partners Chief Executive Officer, Chief Financial Officer and their Corporate Attorney.
These changes were agreed to by the Financing Partners which will ultimately benefit Medinah Minerals, Chile landowners, Medinah Minerals, Inc., USA, and Cerro Dorado, Inc.
These amendments are presently being incorporated into the Final Joint Venture Agreement by the financing parties Corporate Attorney. When the documents have been corrected, all parties will then proceed to the conclusion of the negotiations by signing the Final Joint Venture Agreement."
I Repeat Game On
It appears that the trip down to the sunshine state was a complete success and the game is on.
FunkyFunkyFunky, Comeon Now
Different Years
Different Mineral Prices
Different Partners Involved
Different Pink Sheet Reporting Status
Different Offers
Different Circumstances
Different Experience
Different Motivating Factors
Different Sense of Urgencies
Different Official Updates
Did I mention Different Mineral Prices and Reporting Status
Just so you are aware, the only constant thread is an NDA. ALL JV's, Mergers and Acquistions, contain one, like em or not. They exist for two reasons, the first is to protect the Major's firm from many things & Secondly and most important, is they are crafted to drive the Jr. Miners' Stockholders Crazy. Many think JJ invented the term because many have not been fortunate enough to be on the south side of a Pre- Joint Venture, only the aftermath wishing they would've gotten in earlier, Like US.
OBTW:
Right after Vince's up and coming Book Signing tour concludes, (As His Personal Commissionable PR Manager, (for which I am authorized to speak on his behalf)) Dr. Handshake, (as we now call him Round the Publishing House) Will be holding a 12 step program to help people ween themselves off of his former Powerfully Persuasive Legendary History Lectures (btw, all in attendance you will also receive a 10% discount of his current novel 5% if you buy more than 5 for friends and such) It will be held at the Bellagio Las Vegas Resort sometime in January, Exact Date and Time to be determined soon.
. . . As the great Robert L Ripley once said . . .
. . . . . . . . . "Believe it or Not" . . . . . . . . .
New Blasting Caps Arrived in Santiago
The countdown is still in motion, this time, fresh powder.
Roundy Took the words out of my mouth.
When trying to protect ones self and ones company against aggressive attacks on stock prices. LP is the one man you want in your foxhole.
I guess we need to get used to a lot of postings in the future putting out that stuff. It is an easy mark to try and shake up the shakies. Haven't seen one in a while, must mean things are getting close, lol.
That ought to be a great read.
What about the chapters ready to unfold? Volume 2?
MFN, Bingo
To quote the Great Geo
'
"this PIG has wings! get on board cause this is ready to fly!"
Hey Block, you should make MFN's Post a sticky, very to the point,logical.
great Thanks
I don't see anyone preparing, except you.
Karl, is it confirmed that he is in the land of the Palms? Getting mixed signals. Pm Me here or MP
It is done worldwide and is prevalent in Europe, although mostly by those with lots of dough ( hedge funds) and other instituional investors, many even have the types of security licenses which gets them easier access to the trading markets to play that game. Fortunately at least Britain and Europe is cracking down harder and quicker on the practice than the US. Many hedge funds are worried that they may have to make money the honest way instead of trying to short companies out of existence.
Many worldwide are worried that if a request for the actual commodities were to occur, the NSS history of those would mean big time FTD's which could trigger world wide panic and market collapses abroad, worst case scenario. India and China especially have been contributed to a lot of the increase in minerals due to their insatiable appetite for precious metals. I would think they feel that could be the only currency with value down the line.
Can you say "Gold, Silver and Copper"
Point being, is that it is doubtful if many hanging out on these boards are capable to do that with institutional type monies, which makes the whole conversation kind of irrelevant and hard for many "retail traders here" other than Roundy and others, to even comprehend.
Sure glad I am on the long side of the fence, as there appears to be a Perfect Storm a Brewin.
Could be some semantical difference which needs clarified.
Traditional Shorting vs Naked Shorting is different in the regards that any stock can be traditionally shorted. The key is obtaining the stock ( which is lent by the brokers). Most brokers will not place lower priced stocks in their inventory to borrow for the short, due to the high percentage that rise and they can get stuck with the cover.
Naked Shorting ( Shorting a Stock and Failing to Cover) can generally only be done by market makers. Which is technically illegal, however many govt agencies either look the other way, or the MM's have figured out how to keep it off the books, espcially if the stock price can stay down. The conflict of interest comes to play when it is the market makers who set the bid and ask.
Control of this phenomena can only be successful up until the point that substantial demand appears on the stock and it maintains for some time. This creates some competition in the MM arena and puts a lot of pressure on their clearing firms to cover their large balance as they cannot control it further. Instead other strategies are employed to try and
Many Pink sheet stocks have rumors of their stock being NSS including this one. The back and forth argument between Longs and Others of did they or didn't they NSS the stock is a waste of board space as only one entity truly knows how many shares are shorted and that is the clearing firms and they do not disclose.
When a MM's Clearing Firm tires of carrying a large balance ( which they ultimately are responsible for) then and only then will they notify the MM that they need to cover this balance and that is when an attempt be made to cover the short by purchasing large amounts of the stock at any cost, When an increase in SP that is not predicated on the value of the company itself goes very high, that is when they made a boo boo. VRML is a good example of how this can occur.
Many new laws have come into play curbing NSS. Anyone who has been around these boards for any length of time can notice occasionally people arrive and try to explain how it is a figment of everyones imagination and then points out various govt data to support their postings.
Every owner of a pink sheet stock hopes for a "Short Squeeze' and the vast majority never even get a whiff. It is the winning lottery ticket and we all know the odds of that one
Is it This Week Yet.
Karl, Exactly right, avg investor cannot short these types of stocks, there is virtually no inventory for any of the brokers to lend it out. Only one group can short and we know who they are.
Whatever it takes.
Thanks Jack much appreciated.
Sooo Truueee,
Rest was lost in translation
Vegassssssssssbabyyyyyyyyyy, party down soon, IMO only.
U, you trying to tell me they historically have a track record that is less than glorious. I didn't notice. , tell me something new is all I am asking, pleassseeeee, same old story same old song and dance my friend is getting so oldddddddddd.
U, sorry, not meant for you, was aimed towards the clowns. Been sippin too much Chilean Red tonight, lol.
C ya in Vegas Babbbbyyyyyy
Only 2 ways for these guys to go, Long or Short?
Can't be both as you will lose money, when you take in consideration the $9.99 per transaction fee from Schwab, lol.
Pick 1 and Be IT. Integrity is a good thing, no sense to be angry at this juncture, next weekend, maybeeee yes, this weekend no.
OK Boys, Truce. I need my beautyrest and have better things to do then keep reminindin you fellas that ya need to stand down, just for a few days before the party starts Thursday, K?
Let us see if the Solid Rumor unfolds without you guys angry post antics, just for a while, kinda like nonsense based on what is verified rumors all around us.
Just asking for everyone who is constantly negative, (except you Momo, Yours are the cats meow) for a short term reprieve so as to give it a rest is all. Is 5-6 days to hard for anyone to STAND Down,
I Mean pleassseeee, let this puppy have a chance to run, without having to babysit clowns with only opinions that we have heard the same stuff for quite some time.
If you guys are long ( beleive it or not) it truly is in your best interest to take a short vacation from this board,so we can see if events unfold as is rumored.
Whaddya Sayyy, Pleassseeeee
Congratulations, can you boys just give the board a time out till you can see whether or not it pans out. Small request considering how often you boys disagree with 97% of everyone else.
No need to be afraid of it, you are a long, I think.
Chew Chew Chew, Come on Now.
You as well as everyone else knows there is a high probability for an announcement mid week next, more than ever before x 10. Can you just reach in your soul and at least give us a break with this stuff till then. Thurs / Fri maybe if you are not celebratin with the other 98 % of us. I know many would appreciate a little kindness, after Fri you your bro and Mo can get it goin again. And I will lead your parade.
Deal?
Funky, come on now, can't ya wait at least till the end of next week. Try to give it a rest at least for 5 days, whaddya say hey?
For the record, pretty shur its Mickey and Minnie Mouse and not in that order
Okey Dokey, thanks for the info.
DC, Isn't there a pretty solid family connection ofsome sort with a major that could come into play at some time. Did some DD a while ago but, I am not a good multi tasker, been kinda overwhelmed with other plays, but I like this a lot.
If so, is there any potential of this getting taken out? I like the way they get their stuff out there, in a couple mining stocks where it is like pulling teeth, lol.
Vegas?
Yeah, I agree, been kinda watchin from afar, missed an opp a while ago when it was down a bunch. I love powerful potential in the Minerals game and things look pretty good around these parts. Post C/M will think about loading the truck here as well. Get time would love see Doc's thoughts.
Bellagio Soon!!
Alan, big diff in what they report and what is unreported. The reported stuff is generally what JQ public shorts and to get any of the brokerage houses to loan this out for shorting is virtually non existent.
Essentially what they state is kind of comical actually.
The Naked stuff ( which of course does not exist ), but it was added up, should range in the billion plus area, give or take a couple hundred Mil, the potential of owning that winning lottery ticket is what gets me triply excited.
Rick, confidence level seems to be pretty high this pup is ready to make a run short term. Anything brewin long term? TIA
Anyone out this wknd is Lost in Space
Or can't get past the boy who cried wolf syndrome. Time for a reality check I'd say.
BTW, not a pump as I do not flip.
Anyone out this wknd is Lost in Space
Or can't get past the boy who cried wolf syndrome. Time for a reality check I'd say.
BTW, not a pump as I do not flip.
Read the the ihub MDMN board
For play by play go to the Miningplay.com. Rumor is something real and newsy by 12/15
Hand, Congrats on # 100 and might I say, it is a pretty one.
NPER is not Dead. Once MDMN a JV, possibly as early as next week. Just the value of the shares alone will be Significant boon to the stock as NPER holds several million of those shares. Most involved with NPER have been working diligently alongside of Medinah to see it to fruition.
Hang tight should be a good week. NPER SP is probably the lowest it will ever be right now, once the JV is announced, it is anyone guess what it will do, but it is all upside.
Only JJ Knows exact. No one on MP Knows
The monday thing was in jest, althoufh most feel it will wrap between 12 -10 thru 12 - 15, Absolutely no one that posts here, or there knows. Just trying to find a time that coincides with some rumors.
Buying and selling do make the market, the key word is manipulation. I would think that without their influences and attacks on the SP, this would be .05 to a .10. Look at the sp history prior to the attacks. The reason it is only .04 IMO of course, is manipulation and they need the sp contained so it doesn't show up as a substantial debit with their clearing firms. Especially when they are short so many shares. The rest of the story is to long, read the NSS forum on MP if you are still wondering.
I would think that would make sense. The variable being some dimwitted flipping at 42 - 44, and late day volume sagging