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$50,000 is the listed min. They have it in $1000 blocks. You should request one. Looks very professional.
Got a better one?
I went in and put orders in for 5 or 6. Think the lower OS and bounces up to .0006 is why I picked this one. Try to keep 10 or so in my account.
Looks like I bought a lotto today.
Wonder if JPM shorted this all day. I took some calls today. I'll open a JPM account for the free trades but will still use TDA for my core trading.
Not a good plan Don. Much easier to take the high road.
Think mms do this to give brokers commissions. I've gotten 3 or 4 bs fills
Someone keeps loading.
I requested the Kathis packet and might invest in the Kathis fund as well. I used the most conservative numbers I could with low production and price. Think having Kathis funds pay for drilling wells makes this a winner. I plan on investing in it after the first couple wells start showing production. At that point it won't be if I get my back it will be how long it takes. I will need a good tax write off. I hold a ton of NMEX already. I don't buy much more but the big bid in the 4s is me. I'll buy another million in 4s if people want to dump. Float is confirmed at 5.8 million and I know where a million is.
NMEX Pink current 5.8 million float updated a month ago. Filings say they should start drilling soon. Have a revenue write up on NMEX OS 43 Million and 5 million in revenue next year.
Thinnest trip I have ever seen. Good luck getting shares.
Shell ask the seller to lower the ask and put some size up. I want some shares
More and more shares getting locked up.
I was looking at the Kathis Fund packet and think I might invest in it. Looks like the first round is $5,250,000 to drill 8 wells.Split on revenue is 85% investor 15% Kathis until your receive your investment back. The industry standard is 75% investor 25% company.
Expected time frame to receive your money back is 2 years at $50 a barrel for oil. Oil is currently trading at $75. I assume each well will produce 20 barrels a day.
After investors recapture invested capital the remaining split become 60% investor 40% Kathis.
I also came across the fact that Kathis also keeps 10% of the funding for administration/operator cost.
So here are some assumptions on my part on revenue for NMEX based on Kathis alone with very conservative timelines.
2018
If the first round of funding closes for $5.25 million.
First well should be drilled in late August and will take 30 days to complete. I will make the assumption that they will complete a well every 2 months after this until the first 8 are complete. Since the first 4 are on the same lease they might drill back to back wells at some point. For these numbers I will assume
1 well produces 19 barrels a day at $50 and Kathis has 75% NRI.
So investors will get $605 and Kathis will get $106 a day until all investor money is paid back.
2018
$525,000 Kathis fund 10%
$12,720 4 months production SEPT. TO DEC 1 well 19 BOEPD
$6,360 2 months production NOV. to DEC 1 well 19 BOEPD
$544,080 revenue to Kathis lets say they waste it all and break even for the end of the year and clean up the little debt they have.
2019 is the year of the break out and why I'm holding long.
$3,000,000 Kathis Fund 2 for $30,000,000 25 wells
$114,000 3 wells 12 months production
$31,800 1 well 10 months production
$25,440 1 well 8 months production
$19,080 1 well 6 months production
$25,444 last 2 wells 4 months production first fund complete.
$3,215,764 with a 45,000,000 million share count
I made a lot of conservative projections and probably did more damage with this post than good. But this ladies and gentleman is why I am long till the end of 2019.
Everything is my opinion and if you have any questions with my core math let me know.
Pro job got the volume up,to push a ton of paper.
You scared him by removing the bid. Try it and hide your buy
I went with the Aug. 31st 65 calls.
Very nice
Which one?
Looks like it's turning up now
What's going on pray. Looking a picking up a few shares here.
Slow days of summer. Fire up a drilling rig Ivan.
Doing some DD here today. Had to go adjust my sell price.
DVLP like what I'm seeing.,
Need a little dip here to fill the boat.
Hey Robbin you on Twitter?
Should be a nice steady climb to the end of the year. I'm looking at investing in the Kathis fund as a tax write off in November.
Ronin looks like they updated the float on OTC markets. 5.8 million on 6-30-18 I knew it was tight but damn that's razor thin.
I'm thinking that 800k share wall will get destroyed.
Caught some of the cheap shares today.
Very professional pump. People still willing to buy. I knew this company was in trouble when They were doing the private placement of shares and Alex told me I was not their kind of investor because I sold my shares on a 100 percent run up. I ended up doing another deal for shares at .0166 and the stock currently trades at .07. Guess I just watch in amazement as it goes down into trips.
Someone is spending a ton of money. Eating up everything at .72.
Agree. Not everyday you see $300,000 bids hang out for a week.
Everybody is talking about this one.
All those shares will limit the upside so I don't see it as a good thing.
INND has some buying interest minor dilution from what I can see. Picked up a starter and will add more.
I'm picking up some cheap shares
Man up and lay the money down.
Surprised at the bid eating them up.
Welcome to the party Silky.