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$NEWC 10K WILL BE OUT ANY DAY!$!$
Lol you guys ready to make a lot of $$ @ NEWC!
Approval of the Work Permit is a major milestone since now they can proceed with mining activities once the local environmental authority (CAR) recognizes the addition of Gravel and issues an environmental permit for both Gravel and Coal. An application for the environmental permit has been active for the past few years but was suspended in anticipation of the addition of Gravel so the Company will be issued one license for both. The Company will personally present the approval resolution to the CAR and expects issuance very quickly since the CAR has already performed a site visit and spent many hours on their case.
$!$!NEWC NEWS JUST OUT UPDATE!$!$
New Colombia Resources, Inc. Announces Approval of Much Anticipated Work Permit from National Mining Agency to Begin Mining their Huge Gravel and Metallurgical Coal Reserves in Central Colombia
MarketwiredFebruary 7, 2017
BARRANQUILLA, COLOMBIA--(Marketwired - Feb 7, 2017) - New Colombia Resources, Inc. ( OTC PINK : NEWC ) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, is pleased to announce that on Friday, February 3, 2017, they received notice from the Agencia Nacional de Mineria (ANM) of the APPROVAL of the addition of Gravel to their existing approved Work Plan (PTO) for metallurgical coal. Use the link below to see the notice on the ANM's website (see page 30, Contrato de Concession ILE-09551), https://www.anm.gov.co/sites/default/files/atencion_minero/estado_015_del_03_de_febrero_de_2017_bogota.pdf
Yesterday, the Company filed a Form 8K with the Securities and Exchange Commission exhibiting the ANM's Resolution AUTO GET No. 000001. Click here to view a copy, https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11826050
Now that the PTO has been approved, the company will begin negotiations with the road contractors in the area. Last year the National Infrastructure Agency (ANI) announced the approval of the 23 Km that is needed to complete the 1000 Km Ruta del Sol road project, the largest in South America.
Details of the Work Plan (PTO) include:
Area to Develop: 57.7 hectares
Probable Reserves: 1,999,791 cubic meters (cm3)
Minerals to Extract: Gravel
Exploitation Method: Open Sky
Use of Explosives: Yes, 30% of minerals will be extracted with explosives
Projected Annual Production: 250,000 cm3
Volume of Rock to be Removed: 2,646,094 cm3
Volume of Sterile Material to be Removed: 49,200 cm3
Project Life: 8 years
Machinery to be Used: CAT D-9 Bulldozers, 7 tonne Dump Trucks, Rock Crushing Plant
New Colombia will supply building material to complete the remaining section of the Ruta del Sol, then use this new road to move their premium hard coking coal to export terminals on the Caribbean and Pacific coasts. The road project is complete except for this stretch that begins with tunnels and bridges that are between 200 meters to 3 Km from New Colombia's mining concession in Guaduas.
"I would like to personally thank the ANM and the Office of the Presidency of Colombia for any assistance provided for this approval, we will not disappoint and are committed to being an environmentally responsible neighbor," stated John Campo, President of New Colombia Resources, Inc.
New Colombia recently entered into a $ 90 Million contract to supply coal to China Steel Mills, they have sourced the coal to fill the contract and will be making announcements accordingly. New Colombia's Mega Coal Projects have been getting media attention in Colombia. Click here to see an article in Colombia's leading El Tiempo Newspaper reporting on their $ 90 Million coal order, in Colombia they're known as NCR, http://www.eltiempo.com/economia/empresas/movidas-empresariales-en-2017/16790902
Approval of the Work Permit is a major milestone since now they can proceed with mining activities once the local environmental authority (CAR) recognizes the addition of Gravel and issues an environmental permit for both Gravel and Coal. An application for the environmental permit has been active for the past few years but was suspended in anticipation of the addition of Gravel so the Company will be issued one license for both. The Company will personally present the approval resolution to the CAR and expects issuance very quickly since the CAR has already performed a site visit and spent many hours on their case.
New Colombia has begun preparations to set up their wholly owned rock crushing plant on site to begin Gravel operations with a projected 1000 m3/day output. They may add another plant to satisfy local demand for building material. To see a financial model of their rock crushing operations visit, https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE
Use this link for a site visit report and Power Point Presentation of their rock crushing operation from an independent Colorado Geological firm, Exploration Services International, https://drive.google.com/open?id=0BxSKP5j2FlsebU9kT3Y4SHlOSm8
In November, mining engineers discovered a new outcropped coal seam over 3 meters wide. Engineers from another company were visiting the property to propose a contract to develop some of the assets. To view a picture of the coal seam visit https://drive.google.com/open?id=0BxSKP5j2FlsedUpXZVJnZ3JxVXc
New Colombia Resources' Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products. New Colombia Resources has concession contracts and applications totaling 5000 HA of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products.
According to a mining assessment posted on the company's website, New Colombia Resources has an estimated 17 Million tonnes of coal on the first mining title they are developing. It is estimated to be 70% metallurgical and 30% thermal, the value of the metallurgical coking coal at today's market prices would be $ 3.6 Billion.
New Colombia Resources, Inc. is a two-pronged company with not only premium coking coal but medical marijuana operations, two of the hottest sectors in today's market. The Company has a joint venture in Colombia, Sannabis, producing medical marijuana products since 2014. New Colombia has hired a production company in Miami and teamed up with a retired World Series MVP to begin marketing some of these products in the U.S. where legal. For a concise independent analysis of New Colombia Resources, Inc. visit https://www.insiderfinancial.com/new-colombia-resources-inc-otcmktsnewc-continues-to-run-up-on-two-pronged-strategy/118133/
To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.oficial
New Colombia Resources, Inc.
New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal mining titles and a medical marijuana joint venture in the Republic of Colombia. They are setting up a rock mining operation to supply the major road and infrastructure projects within miles of their properties. They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining title that they are negotiating to develop with a foreign entity to build a coal fired power plant. New Colombia Resources holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit www.sannabis.co. For more information on the Company visit www.newcolombiaresources.com
Forward-Looking Statements
Forward-Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements
Holding up nicely might add this week!$
Lol right! I saw oil bottomed beginning of last year around $28 and this was my best bet at the time.
NP it's a good stock long term.
All technicals are looking good for a major rebound but news and hype are the drive of momentum right now. Still in the channel and trading sideways. 8k hit eod so not a lot know about it + Sannabis News this week!$ 2 month this will be over .20 $$
$NEWC only 725k T-trade today$ not bad for all the games MM's played today. Remember dilution earns NEWC cash for further investments stated by CEO. Once mine is operational with all permits no more T-trades.
Maybe, FDA submission always brings PPS flying + coal contracts! Were talking Dollars!$! I'll give them all the time they need. 52 year war ended too think of all the investors!!
$NEWC noticed how they released news at eod when trading side ways all day + week. NEWC times news perfectly. If it drops tomorrow to fill the gap don't sweat it. News will bring momentum$!$!$
$CRC This board has no people on here!
$NEWC You Should of bought CRC$ at .30 when oil bottomed at $28. R/S but trading nicely at 21$! Made tons of money off it from 6.6k cash + added lmao!
If they fullfil the 90m Contract this year ASI will extend it to a 900m contract for ten years. I can't even image how much money I'm going to make flipping it Pluss my long term position! I'm already rich I'll probably buy a house in Hawaii this time lol!
$NEWC should be back to normal soon just hope all the shorts don't hop back on board!
That would be awesome but maybe to much all at once. It's all about to become reality soon! NEWC Going Unicorn status!
$NEWC NEWS, NEW 8k RELEASE!$!$
http://archive.fast-edgar.com//20170206/AIZ2C22CZ22DH2R2222M2CZ2EV8QUZ2H2292
$NEWC Sanabis News Any Day This Week!$
Nvm his buddy NITE is backing him up ATM lol
VNDM out of shares about to move up!$
$NEWC lunch time over time to load!
True but years ago we didn't have a 90m contract and the Mine will be operational in Feb 2017, FDA approval coming soon too! Should all come to play in a few months.
Lol more like .20+ avg in a few months.
Awesome .02 geting hit hard!$
$NEWC The Whales Are Coming$!$!
Boom! Better load up$!$!
$NEWC$ 10 k CONFIRMED BY CEO E-MAIL!$
The 10K is still in review, the auditors keeping coming up with adjustments and back and forth with accounting firm. The good thing is it will be easy to get the 2016 out since all of the agreements for 2016 are listed in the subsequent events of 2015, therefore, we need to just input the 2016 financials and should be done in short order. I'm going with Deloitte right here in Barranquilla going forward for 2017, it's easier since they understand accounting in both countries and are exactly what we need.
Mr.Campo,
I have a couple of question.
1. Can operation still take place without updating recent finacial reports?
Yes, however our financial reports will be updated. Project financiers don't care about the public stock, they finance mine projects directly, not necessarily through the public vehicle. They only care about the viability of the project.
2. Has there been any updates for the filing of the company's FDA approval application?
You will see a public update.
3. Does the company still have ties with Mr. Gotshalk? If so what is his role?
Mr. Gotshalk has no ties to the Company, he's the former CEO that I acquired the controlling interest in NEWC from when he got into trouble because of his father over another stock that has nothing to do with NEWC about 10 years ago. I was able to acquire the company on favorable terms because of it, one of the terms being a consulting agreement that has expired. This is well documented in several filings. When you take over a company you need to have a good relationship with former management to have a smooth transition. It is very typical for public companies to have consulting agreements with former management. Although on paper he looks bad, it was his father that did the alleged "bad deed", he basically sent a fax at his father's direction that caused him to get in trouble. I'm not defending his actions only adding clarity to you since you're being manipulated by short sellers that know how to read filings, I suggest you do the same. Go back and READ the filings, not just tidbits that a manipulator is feeding you.
It's in the Last PR
http://www.otcmarkets.com/stock/NEWC
"John Campo was in Cali last week with a film crew from the U.S. filming a documentary. They will be providing a detailed update of Sannabis operations in the coming days"
Contract* lol
90 Mill Contact Starts April$!$ 10 Mill a Month!$!
$NEWC Sannabis Update Tomorrow or Tuesday!!
I bought this stock back @ .30 for 150k shares. Then r/s came and still trading nicely! Go CRC$!$!
Love this post! Go NEWC$!$!
lol exactly! why do you think NEWC has a yeild sign "pink limited information" its for a reason. come on people think here!
Same here GL!
I started watching NTCFX a little over a week ago someone mentioned it to me. Chart is still bearish short term. I don't care for solar companys even with the coming catalyst this year. Don't touch low volume stocks they are to easy to manipulate and hard to sell. I do not have a position in this stock unless I see some increase in volume.
$!NEWC!$ New valuation EOY Unicorn status$!$!
Better load up then!
Same here news should hit Monday or Tuesday can't wait to watch the documentary! GO NEWC$!$!