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Tick tock
Trustheart you still remain The Catcher in the "Wry". Please send my regards to Holden Caulfield and ask him where the ducks in Central Park go in the winter. Perhaps Bolivia, the land of Butch, Sundance, SenorPetty and the Coochetes. Go Frankie Go!!
Bid at .0065 for 10,000 shares is the highest bid I have seen for some time. Maybe there is finally some real news coming. Tick tock
Just be careful of the January thaw. Don't want you to fall through the ice. If you do, you may find Martucci and Petty since more one poster here feels that they are pond scum.(Hi Mart and Happy New Year). Have fun in Sochi. Frankly I like my fish cooked. Same goes for my investments. Raw meat can be fatal. Hope you are not a glutton for PUNishment.
Upward price movement on low volume may be attributed to naive inadvertent pumpers who believe the latest news releases. I myself bought some back at the penny level believing it presaged a future upward move. Problem here is that the volume as well as the tradeability of the stock could indicate the upward movement is just us latest suckers buying into the hype. Remembering that the post split price added up to .20 (for the first trade before rthe inevitable drop), does it really matter if you pay a half a penny, a penny, or .02-.03 if the company really can show some income and maybe trade like a MINING company rather than a BS false news swindle? IMO(wink wink Tru), the I'm from Missouri truism should apply. Wait for real news rather than throwing good money after bad. If you google the alleged processing plant you will see that it has been previosly used to hype other companies no one has ever heard from again. Just a word of caution to the oldies. the newbies and the futuries. Finally, I wonder why the formally acerbic Sortagreen has mellowed. Bet I know who must have watched A Christmas Carol last month. GLTA
Happy New Year to fellow Joyless Luck Club shareholders. Good to see that many of the oldtimers here, (Mart, True, Sorta) have survived 2013 and have failed to make the IN Memorium column. Rather amazing that the same can be said of this dog. I don't feel this stock can have any movement until it is cleared for regular pink sheet trading. The half penny area looks like the current place where Petty is taking new money by issuing new shares. I don't believe any of the trades have old investors selling at this level. Where there is life there is hope.
Does a preemptive strike cause the boy miners to walk out of the adits all grimy and dusty? In trustunits we trust. Long live the Queen.
This will not get the company off the pink sheet but it will permit the stock to be more freely traded since it opens up market makers who could't trade this under the pink sheet caveat emptor. Average money dollar volume has been way below even $5,000 a day. I suspect that the company will wait for the application to be approved and then report some income from gold. Looking for a move to .03-.05 level initially on some multi million share volume. After that who knows.
Hi True, Mart, Vozmil and the Zigzagman.Mart is corredt that a move to 20 centavos only brings the stock back to the pre reverse split levels. Even that number was a sham since the stock was trading below that to bagged venders who were given treasury shares well below pre split prices. That being said, ignoring my dad's advice to not throw good money after bad, I took a shot at the penny level. The current price reflects more selling to insiders, in my opinion, and jJke Moores plea for more shares(no pun intended) at the bid is laughable. The buyers of the rather modest average volume of a few thousand bucks a week are insiders in my opinion. The only possible seller of available shares here must be management. Mart and I would rather lose it all( and we probably will) rather than sell at microcap levels. A move back to 20 cents does not seem impossible given the market cap and a 20 bagger would fell nice off of the new purchases. Years ago I bought at .001 when the stock was again trading by appointment and if the freakin Commie who runs the country didn't threaten nationalization on May Day I wouldve been retired and living in Costa Rica where the Hoochie Coochies really reside. By the way, whomever updated the info here did a credible job. Thanks.
The trading pattern for the past week is a strong indication that the company is again selling shares out of treasury to raise money, hopefully, for expenses to mine. Regardless of what some posters here claim, this stock, due mainly to its lack of market makers, is really impossible to trade. If anyone here believes that there is a legitimate public seller out there at a fraction of a penny, other then the company itself, I have a great Bridge to sell you in my hometown.The last few news releases, read in conjunction with the quarterly report, shows that there is still a severe lack of funding which necessitated the joint ventures with a production company and local mining group. After this round of finacing via stock sales is completed, I expect that the bid and ask will again hover around a penny. Only positive I can see is that the timely filing of the Qs may indicate that Petty hopes to get this stock back to proper market makers to insure high volume trading.
My review of the quarterly report ending June 30, 2013 reveals the same old modus operandi of issuing shares for loans. In the latest quarter approximately 100 million shares were issued for a little over $1 million. I guess you get a penny for your thoughts or a share of stock. While they are allegedly mining ore daily and there is 11,000 tons available for the smelter, there is no indication that they have a smelter or even the equipment to transport the ore to a facility. Like a fart, I guess whoever smelt it dealt it. Finally, they have at least three partners and managers who will have to get a piece of the pie if they ever do generate revenues. To summarize, this still looks like a piece of mierda.
Trading of shares in this company is very difficult since they have no legitiamate market makers at this time. When trades are made, it is merely to show that the stock is not totally inactive. The only scintilla of hope in my very humble opinion is that Petty has kept this company alive though on very thin life support. The obvious question is why are they not processing the stuff to get some revenues?
Agreed. Any revenue would be a great start toward establishing credibility in a company which, thus far, has only shown itself to be smoke and mirrors. Still the stock may not be overpriced at a penny a share.
Indeed the cost of production eg. salaries,equipment,fuel, processing plant,and joint venture agreement all make the guesstimates of the value of the inventory and future mining difficlt to project. That being said,if they do show income, the stock will reflect it. What a reasonable level for upward mevement is up for debate. The next few months should be very interesting.
Electonic trading of the stock would certainly make it possible for this stock to trade the 50 million day plus average volume to lift the price. That being said, if there is "legitimate" news on the horizon, I would expect to see a big move up on low volume as future customers get the word that good news will be forthcoming. This has always been a crooked game where the best information is usualy obtained on the golf course.
The record of insider buying for pink sheets is not very accurate. Insiders such as the old vendors who have millions of sub p[enny shares do not need to buy at these levels. Surely you do not believe that somebody sold $9 worth of stock and that there was a buyer on the other side. The MMs need to show some activity of an inactive stock. The biggest problem here is that this stock is currently not being offered for purchase by internet brokerages such as scottrade.
Wow - Up 141% on 751 shares. A $9.22 cent total purchase.
You think that market Makers are playing with this stock? Let's see, the total volume was 6000 shares at .0051 for a total of $30.60 worth of stock activity. The offer remains at .0123. If someone hits the offer the stock will be "up" 141 percent!! many times when the stock is reverse painted by the MMs it is an attempt to get weak hands to sell since they either have a buyer at a higher price or they know something and want to get some inventory to accommodate the trades. The key here, as always, is whether or not this company is actually mining ore or are they again putting out false news stories. Past history indicated the later is true. That being said, if this is, as many suspect, a scam, how do they hope to cash in. One anser is that they plan to start again to issue shares out of treasury and sell it to vendors or open market purchasers and pocket the proceeds. The optimistic view is that there really is a partnership with a legitimate mining company and that they are enhancing the processing facility and will report some income in this quarter. If they do, many will rue not buying in at these prices. If they don't, people will be throwing in good money after bad. As always, time will tell.
Good old Andy Austin did ok by this company when he was able to get the stock to move from .001 to .13 before the nationalization fiasco. It may have another run but the difficulty in buying and selling shares with various brokerage houses may affect the result. As I recall Mart Man, you did not take any money off the table at that time. Perhaps this time, if it comes(fingers crossed), you will be wiser. Good Luck.If this doesn't work out, I suggest a name change like Pettyisstillscum. BTW I second the WOW of the previous poster. Wink, Wink. The Boolevian boy miners will soon be happy.
Typical Petty announcement that leaves out a lot of information. Vozmil can you speak to someone and find out the following:
1. What is the current daily total of processed ore at the Oruru facility?
2. How far is the processing plant from the mine and how much ore is currently being extracted each day?
3. After the plant yields its 6 grams of gold per ton or approximately 1 ounce for every 5 tons, where is the gold sold and how much money will the comapny get per ounce?
4. Where is the inventory that is approaching 100,000 tons kept and how secure is it?
5. Does the company expect to report earnings for the current quarter which ends on September 30?
6. How much will fmnj receive from the joint venture with its partner? 50%?
7.How is the company finacing the workers who live at the facility, the equipment etc at the mine and the processing plant? Is the company again selling stock out of treasury to raise money?
Please advise if there is any possibility to get answers to these questions.
TIA. Imanjen- maybe we should buy a dream catcher?
The history of the company would suggest that indeed this is the last of a series of false statements made by senor Petty. Your Boolevaim contacts are probably mejor. Just saying that if this guy ever released a true news reportl, this board would suddenly become a lot more popular.I am using the TU man as my reverse indicator. He has no shares as he ponders on the billions the mine may be worth. Caveat Emptor and Carpe Diem mi amigo. A centavo bid as of this posttime.
can the latest "news" be true. Petty claims to have 10,000 tons in inventory. If my math is correct, at a recovery rate of 6 grams per ton, and there being 31.13 grams in a gold ounce, we are talking about a sizeable piece of change. Even if you discount the probably high cost of processing into ingots,with gold at around $1200 a oz., the company could actually become a operating mine company. A penny a share current price, with only a 2 million market cap.,makes this seem undervalued, but ... what do I know?
Hi HO HI HO IT's Off to Work We Go. I hear the boy miners are busy working the oro. Heard there is gold in them thar hills. About time for Senor Petty to give give an update on the mines. What is amazing is that this company has survived. Unfortunately, the shareholders haven't.
That's why he is called Trustinsanity. A contradiction wrapped up in an enigma. How's it hangin big fella. It looks like there is gold in them thar hills. Yippee we are all going to be rico.
In addition to the cost of production, the $38,000 a day in gold production would also be diminished by the jount venture partner that is running the mine.
Interesting announcement. Too bad the company has lost all credibiltiy since nothing it has said has worked out. If you were to believe this story, the pilot plant would can turn out the equivalent of 26 ounces of gold per day. Valuing gold at $1450 per ounce, the daily gross would be approxiametly $38,000. Of course, even if true, the company would need to reveal what the production cost per gram or ounce is to compute the real income. If this had any sembalnce of truth, this stock would be trading at a much higher level. Nobody believes probably because it's not true.
WELCOME BACK LUCKY. Petty is still throwing 7s after the come out.
Now tell us:how do you realy feel about this company? Do you think there is gold in them thar hills?
Since all previous claims have proven to be fantasies if not out right lies,the market and the investment community including most here,will give little or no crdeibility to the news. If this claim was true, my calculation are that at 6 grams of gold per tonne, it would take approximately 5 tons to get an ounce of gold. At 80 processed tons per day , this would yield a return of 16 ounces of gold per day X approx $1700 an ounce for a total return of $27,000 per day and approximately $10 million a year. If the figures were even close to aaccurate, I don't think the stock would be offered at a penny. Just to reach the pre reverse split level of .001 the stock would have to hit .20. If it does, then I might be interested. Till then, as my my young daughter would say : Liar, Liar, pants on fire.
Having lost all confidence in the news releases,the "moving forward" sobriquet appears to be just another way of expressing the "preparing" verbiage which never got completed for numerous alleged future ventures. To reach the level of the .0001 pre reverse split price, the stock has to rise to .20 from its present ask of .01. Not likely but fool me 10 times, shame on me. If Mart is still scum, then Petty is still scummier for all the deceit he has perpetrated on the investors and vendors who bought the fools gold and other crapola he has served. That being said, it is good to see you as well as senor voz back. By the way, can anyone of the assistant moderators turn off the TU jerk. Happy New Year one and all.
Around $5,000 worth of stock traded aroune the 4 cents level. That is 80% below the pre split price which translated to .20 post split. Tempting to doulbe up here until I remember the old adage about throwing good money after bad. Since no one had been able to confirm that any activity is going on at the mine, it may be best to give JM our shares. Of course he may be the buyer sating up the offer. Too hard to predict until we see some meaningful volume of 300-500k shares traded daily.
You must know how cute I am. Please tell JLO nopt to mention our date. As for Senor Petty, may I just share my eyetalian expression: MYFUNDSARLOW. CAIO
Franklin considers the reopening exploration of the Colorado mine. I am considering dating JLO or Pam Anderson. None of these possibilities seem too plausable. Darn it. Considering is even weaker than preparing to prepare. No wonder that even the great TU. who is basically living on Canadian welfare, os making fun of the co.
Looks like the market is pricing this POS at 3-5 cent, which is a a 75 percent discount of the 20 cent price value at the time of the RS. Like Sorta said, 100 million out there for the taking. Next I expect another fluff news release to try to keep the suckers rolling in. Enjoy Jacobmoore. You don't have to beg people here to sell. As of this morning there is 5000 available at the offer of 5 cents. Why don't you spend $250 and buy them. I expect after you do, there will be another 5,000 available at a nickle.Call us when it hit 15 cents.
Good luck voz
Voz-Look up the definition of moderator. Ciao.
The math numbers are indeed laughable. 11 million tonness yielding 64 ounces a tonne, would produce 7 million tons of silver. At $30 per ounce times 7 million = 2 billion buckeroos. This is the kind of BS I previously cautioned about. These releases, which old timers here know is compltet nonsence(eg. In the next month or so I will travel to Potosi). Give me a freakin break. You have a property that can have 2 Billion Dollars in Silver and you will see when you can discuss this in Potosi. They are looking for a sucker to pay a nickel post split which is one fourth of the old .0001 offer (whatever that fraction is). While I don't think .0001 is possible .02-.05 range certainly is. Our best hope is that the company has big key man insurance in case Billy Cufflinks comes down with Potosi fever. Insure the gentleman for let's say 50 million and distribute as a special dividend to the shareholders.
Agree with your assessmsnt newbie. The challenge here will be to see how the stock reacts on some new "unexoected" news, albeit a merely another examole of company puffing or pumping. Be it .02 or .20 investors here have the classic decion of whether to buy, sell or hold. Most bagholders would be thrilled to break even. You never know.
Todays "news", as I humbly predicted a few days ago, adds little to the damand to buy stock. The usual modus operandi here is for the company to try for some really cool news such as a find of a major vein of gold that will add billions to the company's coffers. Meanwhile total value of stock trades post split is under $2,000. Highest sucker price has been 7 and a half(7.5) cents. It doesn't mean a hell of a lot except if you are in the Pajama Game. Anyone know a dark secluded place, where no one there knows your face? Your in Petty's Hideaway. Ole!! Trueheart- Where are you?
Gfys. my friend. How are you helping us by reporting possible violations to finra. Your record is clear, not one helpful post. ESAD
Funny urban legend Wii. After the 500 shares at .0023 a trade of $1.15 worth of stock signaling a major move per your chart, the stock traded 100 shares triggering the mms I need more shares call. BTW the last trade was for a .23 cent gross cost before commisions. More interesting, is the fact that the company announced today theat FINRA, the industry regulatory body, approved the reverse split. The company's need to show comliance indicates to me that managment is still trying to pull a llama out of a hat.
Bid at .0023- Offer at .10(but only 5000shares on the offer to sell). Still expecting the company to issue some earth shattering news to generate some demand. You can't sell unless there is someone on the other side. The MMs at .0023 shows a mere stall pending news. If there is any news, watch how the bid goes to .05. Then we will see if there is any demand.