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Still calling a GREEN close
WITM....get your money back with this one
WITM news Wits Basin Enters into a LOI to Acquire PRC Mining Property
Tuesday March 13, 6:13 am ET
MINNEAPOLIS--(BUSINESS WIRE)--Wits Basin Precious Minerals Inc. (OTCBB:WITM - News) is pleased to announce that it has entered into a letter of intent to purchase a 100% interest in "Maanshan Mining" (as described below) located in the People's Republic of China (PRC). Maanshan Mining estimates its 2007 free cash flow will be in excess of US$15,000,000.
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Wits Basin has obtained a financing commitment for up to US$20,000,000 to be used as a down payment on the purchase. The balance of the purchase price is to be paid for in equity securities upon completion of the merger with Easyknit Enterprises Holdings Limited (SEHK: 616 - News). The final terms of the equity issuance will be based upon completed due diligence but is estimated to be less than five percent of the outstanding share balance of the merged companies. Consummation of the purchase will require shareholder approval and is subject to various other conditions, including completion of definitive documentation.
The timing for the submission to shareholders for a vote will occur after March 31, 2007 in order to allow completion of definitive merger documents with Easyknit as well as completion of required due diligence on the Maanshan Mining properties.
About Maanshan Mining
Maanshan Mining is comprised of two operating iron mines-the Xiao Nan Shan Iron Deposits ("Xiao Nan Shan") and the Ma Tang Iron Deposits ("Ma Tang"), and a processing
~~~~~~~~Calling WITM from here 1.11.....buy =)
Whats the share structure, i looked at last 10q and it was like 700 million shares...but my scottrade says 100 mill, what is it?
=) be still! dont make a noise! any sudden movements will excite the animals
Ive stumbled across this stock and i find you here...comforting.. hah...anyways gonna watc this one tomorrow, id like an entry of .40 or better
dude how the hell do u invest 315k into a penny stock...when ur careless with money u lose it...u couldve been putting tha tmoney in some real growth stocks...what are u rich or something? if ur spending 315k on only one of these u must have cash coming out of ur azz, whats ur networth? if its over a million at this point stfu and dont lose ur last mill
i knew it, they bought their shares @ 1.80 wtf would they burn themselves now they wait till its higher to unload more imo, which is fine cuz they only got 4.4 million shares =)
witm= SCAM, ive seen so many plays like this, but this one takes the cake for real
a bottle a month is cheap if u have diabetes and no insurance isnt it?
real soon i hope, but i think it goes to .30's then up from there but i need to watch the action @ .41 support
Geez man a stroke? take it easy!
~Trump Vodka VIdeo! lol!
noisy board = a lot of conversation about things = speculation= momentum in pps =)...but i totally agree with you
hey thats not true, cinnergen sells in A LOT of venders! even on cvs.com and websites like that! also, you kno whow many people have diabetes but no health insurance?
This board is so boring!
what do u think about efsf's near future pps?
I really hope they do...Rufus isnt as dumb as he pretends to be...he should definately spend a year in jail at least
so is that the "latest" grand jury trial
We should make this guys life an embarrassment, like paparazzi, show up at the outback with cameras and a mic, mr harris do u have any comment for the thousands of investors u fkt over?
lol to da moon...literally!
not much of a punishment if u ask me
Thanks nu, money.eom
i looked in the filings and it showed nt10k around august thats why i ask...last year they reported qurterly on march 17
For the quarterly period ended JANUARY 31, 2006 ?
This stock BLOWS
MY MIND =)
Kool, btw whats next for them to report to the sec? and when
I read the "analytical report" and if all thats true, im surprised this stock isnt higher, whats the deal?
TO DA MOOOOOOOOOON
lol
I feel bad for a lto of these people honestly, can you blame them? putting tons of money into a stock that they were so sure of, it really did seem like one of those opporunities..now most of them are left holding the bag HOPEING one day this so called "mess" will be str8tened out and they will have all their money back
From the lawsuit, did the company obtain any money for th ecompany?
where do u see the bottom
lol 2.5 months, leave it to raw to always think positively..and thats assuming u bought @ .12 raw!
If ur right and they do know..i think they will sell and keep the stock down untilt he very last minute =)
if the hyped up market is disappointed, we'll all be rewarded??
pr machine on, think there selling into the prs
This thing hasnt even started to rocket, just slowly picking ups team MMS will probably run this to or above 1.50 imo
When this breaks $1 it's gonna get wild