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BUYINS.NET Issues Southwest Resources SqueezeTrigger Report
BUYINS.NET Issues Southwest Resources SqueezeTrigger Report
May 20, 2010 (GlobeNewswire) --
Approximately 7 Million Shares Shorted Since October 2009
First Short Squeeze Expected Above $.04
NEWPORT BEACH, Calif., May 20, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Southwest Resources (Pink Sheets:SWRS) after releasing the latest short sale data through May 19, 2010. The total aggregate number of shares shorted since October 2009 is approximately 7.06 million shares. The SqueezeTrigger price for all (Pink Sheets:SWRS) shares shorted is $.088. The first short squeeze is expected when SWRS closes above $.04, where 1.57 million shares have been shorted between $.02 and $.04.
News with continued short squeeze tomorrow and could be a moon shot. all jmo
Nice ride... how high do we go.... weeee! News with continued short squeeze tomorrow and could be a moon shot. all jmo
SWRS short squeeze on imo. Somebody needs about 7 million... jmo
anticipation imo
Getting closer... Friday ought to be fun imo
Look at chart, it may dip but it'll bounce jmo
Check alias born on...
I've seen a few forests...
BTW... it's "for the trees"
and I'm enjoying watching to see what they'll do to put a floor under it.
all jmo
Now that the question of share structure has been answered by the PR today, the company needs to convince current and potential investors that they actually have a precious metals claim as decribed.... probable or proven reserves... more info about the gold, platinum and other elements, etc. A quotation from the CEO himself about the site holding 1M ounces would be nice.
The order of PRs on Friday was a mistake imo... News about the gold should have come first during trading hours... then the other PRs FWIW... When PSC announced, then there was dumping and bitterness, and it completely offset the afterhours PR. And what's with all the blocked off portions of the assay report? I'm still interested to see if there really is gold or not. I'm comfortable with risk... even high risk, but gotta give investors more than a piece of paper with half of it blacked out. jmo
Source of info--or just opinion?
More like Bashathalon... bash and load imo
According to the website the CEO is Robert Hall:
http://southwest-resources.com/
bounce today + up in AM imo
Low AS, Low float, with gold... matter of time and this not only bounces hard, but goes way up. all jmo
The AS/float PR will get attention imo
The bounce here will be beautiful imo... with more news coming. all jmo
Agreed. I am buying this level. I said earlier:
Posted by: Pennypincher10 Date: Monday, May 17, 2010 9:57:53 AM
In reply to: None Post # of 4016
Company needs to address AS imo That's what causes concern here. jmo
Looking for pennies on this one...
jmo
Doing quite well here thanks... bought mine @ .0014 and have added, etc.
Looking good imo. Anticipation will keep those scooping busy...
jmo
Anticipation toward next week should make for a nice climb imo.
FWIW...
Mass email from PSC
"PSC is not satisfied until all our members make money. To that end, PSC held a call with SWRS consultants today to get some answers and this is what we came up with.
1) The company will issue a PR so that all shareholders can better understand the nature of the reserves @ the mine in the PR at the close on Friday.More specifically they will address whether reserves are proven or probable. The company claims to have 1 million ounces at there Arizona property. If that is the case the evaluation of those reserves could be 20-50 million dollars. if one is to assume an ounce a gold in the ground is worth anywhere between 20-50 dollars this is a safe assumption in terms of in ground prices give that gold hit an all time high just this past week.
2) The company will provide to all shareholders via PR a break down of the issued and outstanding stock as well as the float. Members were concerned about the float of the company stock given the slide near the close at trading on Friday. PSC is always looking out for members so we insisted that this news be released by PR.
PSC WAS NOT A SELLER OF SWRS STOCK ON FRIDAY. WE DO NOT INTEND TO BE SELLERS THIS WEEK. OUR STOCK IS PRESENTLY BEING DEPOSITED AND IS NOT FREE TO TRADE.
The company released a solid PR on Friday @ the close.
Southwest Resources Executes Binding Memorandum of Understanding to Form Joint Venture for Arizona Mining Operation
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-prLA05245-U%3aSWRS-20100514&symbol=SWRS®ion=U
If things work out they way we think SWRS should be in for a nice rebound @ these levels. We think the stock is a bargain @ these levels."
congrats eom
Look at last PR... read... and send for the senior bashers, you're too transparent imo.
Southwest Resources Announces Strategic Plan to Streamline Mining Operations
Southwest Resources Announces Strategic Plan to Streamline Mining Operations
May 17, 2010 (PR Newswire) --
DALLAS, May 17 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced its strategic plan to utilize its proprietary technology to dramatically streamline the mining process for refinement of precious metals from its mining operations. The realized efficiencies will likely result in greater profitability when compared to similar mining operations.
The technology, named the "Goble Mill", was designed and patented by the Company's CEO, Roger Hall, and Mr. Ralph Goble in 1986. The cyclone mill is uniquely valuable in terms of its speed, portability, and efficiency in streamlining the process for refinement of precious metals when found in trace quantities. The mill is designed to pulverize materials by creating internal high-speed air rotations, which cause intense material-on-material collisions. This effect allows free metal particles to be freed from the ore material for subsequent recovery by a separate process. Due to its design, the mill effectively removes a step in the refinement process in that it provides on-site ore reduction, which allows for more efficient separation and extraction of precious metals.
More information regarding Ralph Goble may be found on the Company's newly redesigned website: www.southwest-resources.com.
"Like most of Mr. Goble's inventions, this mill was truly ahead of its time, and the marketplace just wasn't ready for it," says Roger Hall, CEO of Southwest Resources. "At the time of its development, the adverse market conditions for precious metals didn't allow us to maximize the opportunity. It's gratifying to now be able to deploy the technology in a more favorable and receptive marketplace which will greatly enhance the vertical integration of our operations."
The company plans to rapidly deploy the Goble Mill at its mining locations including the recently acquired mining operations in Southern Arizona. Although Southwest Resources has not yet utilized this technology as part of any mining operations to date, the Company anticipates the proprietary mill technology will reduce on-site costs and increase the return on its mining assets.
More information regarding the Company's technologies and assets may be found on the Company's website www.southwest-resources.com
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals such as gold and platinum, and other income-producing natural resources. The Company is currently pursuing oil and gas properties in Texas, Oklahoma, New Mexico and Arizona and has mining rights in Utah. For more information, please visit the Company's website: www.southwest-resources.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
With 1M oncs gold/plat. it'll go up... hang on. all jmo
THey need shares jmo
chking stops then whipllash back imo
Just shaking for shares while countdown to news continues... 10 days max. imo
Company needs to address AS imo That's what causes concern here. jmo
presence of over one million ounces...mostly gold and platinum
BANGING ON THE TABLE HERE- PR:
Southwest Resources Executes Binding Memorandum of Understanding to Form Joint Venture for Arizona Mining Operation
Southwest Resources Executes Binding Memorandum of Understanding to Form Joint Venture for Arizona Mining Operation
May 14, 2010 (PR Newswire) --
DALLAS, May 14 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced that its subsidiary, Southwest Mining & Metals, LLC, has executed a binding memorandum of understanding (the "MOU") to form a joint venture with Russell Jaffe to own and operate a placer mine located in southern Arizona.
An assay of the site was performed by an Arizona State certified laboratory in July 2009. The assay, which can be found on the Mining section of the Company's website, indicates the presence of over one million ounces of precious metals comprised mostly of gold and platinum. This assay utilized core samples from the site's surface to 10-foot depths, and management believes there is a likelihood that similar precious metals concentrations will exist well beyond 10 foot depths. The Company intends to utilize existing, proven technology to perform the mining operations.
Under the terms of the MOU, Mr. Jaffe will contribute his ownership of the mining claim to the new joint venture entity in exchange for Southwest Resources' payment of a total of $2.5 million over a twenty-four month period. The Company will be a 50/50 joint venture partner with Mr. Jaffe, and each will share the costs of constructing an onsite processing facility and its subsequent operations.
The Company's management expects the mining operations to commence by the third quarter of 2010.
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals such as gold and platinum, and other income-producing natural resources. The Company is currently pursuing oil and gas properties in Texas, Oklahoma, New Mexico and Arizona and has mining rights in Utah. For more information, please visit the Company's website: www.southwest-resources.com.
READ THE PR THAT HIT POST CLOSE... jmo
Anyone see the afterhours PR? Whoa!
Verrrry glad PSC didn't pick us now... SWRS in the red even with a PR to boot.... whew, traders learning... that's why the tweets... gotta profit earlier. jmo
Ahhhh picked up another 515000 @ .0042 thks.
agreed... promo or not we're going to move. jmo
Could "old school" relate to Queen Victoria? hmmm. Maybe, maybe not... don't know... regardless we go up in days ahead. jmo
_________________
We are going to be going back "old school".
12 minutes ago via TweetGenius
No but you are continuing to bash.
2x past .03 since Sept is chart and not promo plus gold stock when gold will continue to be hot bec. of Soveriegn debt.