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Up 20-25%, IMO
HMIT Reminds me a lot of MLON - They annouced a $5 buyout on a Saturday and the stock flew up from subpenny to .02 or something.
HMIT annouces a $2.15 buyout and it falls like a rock.
Let's see where it goes from here.
HMIT - Could run or completely go sub-penny. Any takes on this news?
HMIT - I told ya I smelled a PR AH.
Press Release Source: Hidalgo Mining International
Hidalgo Mining (HMIT) Increases Potential Asset Value as it Acquires Subury Resources, Inc. with Anticipated Values Over $400 Million Projected Over The Next 10 years
Wednesday June 13, 6:40 pm ET
NEW YORK, June 13 /PRNewswire-FirstCall/ -- Hidalgo Mining International (PINK SHEETS: HMIT - News), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has substantially increased the potential acquisition value of its organization as it has recently acquired Subury Resources, Inc. as a subsidiary.
ADVERTISEMENT
Subury Resources, Inc. (SRI), a Nevada corporation, presently holds rights to accumulative assets in gold reserves of over 1.3 million troy ounces with an estimated market value $845 million, netting Subury as much as $400 million in gross production profits over the next ten years.
HMIT has purchased SRI by issuing Ten Million shares of restricted stock. All stock issued will be restricted for a two-year period from the date of issuance.
John Darrah, President of HMIT stated:
"This opportunity will open the doors to a new area of business activity for the corporation. We expect it to benefit our shareholders, and greatly enhance the value of the company. This opportunity is both unique and timely for HMIT. This venture into the precious metals market is taking place in the context of a newly emerging economic climate in the precious metal natural resources industry.
Although not originally contemplated as a business direction by the board of directors, it does follow the present intent of providing further financial enhancement and access to capital for new strategic partners and joint ventures.
Our objective in this area of activity is to capitalize on these emerging opportunities to acquire qualified companies with substantial assets for stock while enhancing shareholder values. The acquisition of Subury Resources and its rights to such metals deposits is its next step towards achieving this goal."
ABOUT SUBURY RESOURCES, INC.
According to Subury geologists, the Tudor Gold Property encompasses 50 units by 20 contiguous unpatented mining claims to cover a total area of 1,000 hectares The Property is situated in Ontario, Canada at the intersection of the north trending Moira River Fault Zone and the northeast trending Gilmour Shear Zone. The Tudor Property hosts several gold occurrences with grades of +1 g/t Au. The potential size of the Main deposit based on geological projections should exceed 22.7 million tonnes @ 2 g/t Au and contain a resource of 7.3 million tonnes @ 5.5 g/t or approximately 1.28 million oz of gold.
In addition, the entire 7 km strike length of the felsite unit hosting the Main Prospect is mostly gold bearing and has excellent down-dip potential to host additional gold deposits comparable to the Main Prospect. For instance, the Polar Zone is situated through a gold occurrence located parallel to Homestake Mineral's Middle and North Zone.
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT - News), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (http://www.hidalgointernational.com)
Disclaimer:
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. The development of the subject mining claims by Subury is contingent upon multiple high risk factors that must be successfully dealt with in order to achieve the intended results. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future plans. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks detailed in Hidalgo Mining Internationals' periodic report filings with the Securities and Exchange Commission. Hidalgo Mining International undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Hidalgo Mining Internationals' expectations.
Contact:
Veronica D. Dunford
Investor Relations for Hidalgo Mining International
(310)-729-1223
hidalgo@clientservicesint.com
Only one way to make money when your stock drops from $1.00 to .02, buy more shares at the lowest price and sell when you go green.
Most own this stock above .50 and most sold around .20
Go big or go home.
HMIT - I smell a PR AH. Then tomorrow fall again. JMO
HMIT going to finish day @ .04's
HMIT has very few people with shares at .03 and under.
Could go to .10's easy
You're right HMIT won't bounce...LOL
HMIT will bounce it's just a matter of when and how many shares you can snatch up on the way down. I bought at .04, .03, .02 and if it goes to .01 I'll buy again. Eventually it will move up. Even if it hits .0001
HMIT going to bounce hard today. Dropped too far.
I'm in HMIT and RRPH. See where is goes.
People can't have that many more shares to sell in HMIT.
RRPH still looking good.
HMIT will bounce today. It's just how much will be enough?
HDTV & HMIT moves look very similar. Except HMIT has yet to make it's move back up. Expect it tomorrow, then I'll buy at .05
I believe HMIT will gap up tomorrow and everyone will try to ride a little, then it will fall again.
HMIT could bounce up 20% from here by end of day.
RRPH must have news on the way AH.
RRPH up .40 in last hour, out of nowhere!
What is going on today? News must be coming.
Red Rock Pictures Holdings. Inc. (RRPH) SqueezeTrigger Price is $2.62
Monday May 14, 10:50 am ET
Approximately 2.1 million Shares Shorted Since November 2006 According to Buyins.net Research Report
LOS ANGELES, May 14 /PRNewswire-FirstCall/ - Red Rock Pictures Holdings. Inc. (OTC: RRPH - News) announced today that BUYINS.NET, www.buyins.net, is initiating coverage of Red Rock Pictures Holdings after releasing the latest short sale data to May 2007. From November 2006 to May 2007 approximately 14.2 million total aggregate shares of RRPH have traded for a total dollar value of nearly $37.3 million. The total aggregate number of shares shorted in this time period is approximately 2.1 million shares. The RRPH SqueezeTrigger price of $2.62 is the volume weighted average short price of all short selling in RRPH. The first of several short squeezes is expected to begin when shares of RRPH close above $2.43, where approximately 417,000 shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
----- ---------- ---------- ---------- -------------
November '06 697,614 104,642 $2.29 $ 239,630
December 1,039,894 155,984 $2.40 $ 374,362
January '07 893,305 133,996 $2.49 $ 333,649
February 1,649,379 247,407 $2.54 $ 628,413
March 2,340,031 351,005 $2.62 $ 920,510
April 4,814,751 722,213 $2.88 $ 2,081,417
May 2,782,650 417,398 $2.43 $ 1,012,189
Total: 14,217,624 2,132,644 $2.62 $ 5,590,171
(x) short volume is approximated using a proprietary algorithm.
(xx) average short price is calculated using a volume weighted average
short price.
(xxx) short volume is the total short trade volume and does not account
for covers.
About Red Rock Pictures Holdings. Inc.
Red Rock Pictures Holdings. Inc. (http://www.redrockpics.com/) finances and co-produces feature films and entertainment for all media. Dedicated to truly partnering with the creative community - from up-and-coming writers, directors and producers to experienced hands in film, television and digital media - Red Rock Pictures is built on its commitment to creative entertainment, finance and innovation. Red Rock Pictures management team has been involved in over 50 feature length films, with an outstanding proven track record that generated over a billion dollars in the U.S. domestic box office market, and over 2 billion dollars in total revenue.
RRPH
EXBX looks ready to move
Racing to the finish line .000000000001
I will be buying all I can on Monday.
Will buy in middle of January for low $20's
RRGI up 44%
I can't seem to find any info on the date of the IPO. I do know that it will sky rocket once it happens.
It will be the hottest selling product this season for Christmas. So I'm all in as soon as the IPO hits.
In RRGI at .26 Why not throw some more money away.
Anyone know anything about RRGI?
Annual report due soon?
Where did the volume come from?
EXBX setting up to make a big move. No short sellers. 10 million OS, and soon to be on OTC.
Yep. We are. God help us.
Well I must be the only one who wants company they invest in to be truthful.
Has AUGC ever filed any SEC document? I can't find any.
The PR said today. If they don't deliver they have lost all confidence in the investors and this will settle at .0001 tomorrow.
Why would the 8-K do anything for pps?
The pr's have told us everything in it. What does everyone expect to be there that we don't already know?