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How many unsettled trades get posted A/H today and at what price? My guess 20 million at .0006!
"Dont be an extra in the movie of your life"
LOL
You figure it out.
my L2 showed red, pinks don't trade A/H so they were unsettled trades from sometime during the day. I have bought shares in pinks before in the morning only to see the exact numbers posted A/H.
How do you explain the increase in the O/S of nearly 1 billion shares since that date? Maybe they can't sell to accredited investors in blocks, but they can do it the old fashioned way.
I agree otherwise it would be trading lower. Unless their was a mass mail campaign again.
yeah I'm showing the last 8 trades as sells around 40 million in volume. 35 million posted after close hard to tell when they actually traded during the day.
It's on rumors that BHP made a takeover offer for RTP and was rejected.
unless he supports those newly printed 500 million with news, it is going lower.
I guarantee SC took some profit on the last run, he is a trader.
a retreat will give longs an opportunity to reload. If it sinks the flippers will bail.
he will need cash to service his interest, I will wait as more shares should push it back to my buy range. Could get caught by a pr, but I like my chances.
Tef out of jail! Congrats. Most of those shares would have been unloaded between .001 & .0005. The shares unloaded near the top put him over a million in cash, minus 250k for Abilene and less his Grizzly investment and increase in FAB hoildings. Plus he hired a geologist, I doubt they are springing for seismic on the property that is expensive, drilling a well will run over a million, IDCN will be responsible for 25 of the cost. My guess is they rework the 4 old wells first that will probably cost as much as drilling a new well. I'll buy back at .0005.
Yeah I guess it could have been worded better, but i seems one payment for a 25% interest in the Aussie Uranium and Wyoming oil & gas.
You're right, but is that 1.7 million just for the Aussie property and another 1.7 million for the interest in the Wyoming property? That would seem to be significantly more than JB can raise. I would go with the oil and gas in Wyoming. Uranium is the hot resource, but mining is expensive and there are alot of environmental concerns, Junior miners are always a tough bet. There are environmental problems with gas in Wyoming too and drilling is expensive especially juniors, you can't afford dry holes.
I think IDCN will still make money off the FAB investment, but not until the beginning of 08. I see the uranium play in the same time frame. He has to come up with 1.7 million. I know he had over a million last year, but he increased FAB shares and bought shares of Grizzly Diamonds so I would think he had less than 1 million left. Though the O/S has increased by around a billion shares since he told me that, so theoretically he could have raised another 500 to 700K. Maybe he is close to the buy in. He stopped responding to my emails a while ago and is not specific about what IDCN's investments are, it would be better for the pps if he was honest and outfront with it.
On the subject of the O/S, I have gone back and forth with him on allowing the T/A to give the numbers again establishes some trust with investors. He said he updates on pinksheets more than a reporting company-which is not true. He gaged the T/A when Tef and I were going back and forth on it on RB. Told me it was none of my business (lol), I had like 7 million shares at the time, but it was none of my business.
I'm not sure, could simply be that Stockcharter Group picked off enough shares, with the O/S maxed out to give it a run. I think it had little to do with Uranium, like I said before even if he buys in, it would probably be a year before they can actually mine a property.
Penny the raised the A/S 500 million so the whacking is most likely dilution.
Stock I suppose he could pay in shares, but 500 million at .0005 is only 250k, don't know how he could possibly get more for them in a placement. Should be interesting, I'm on the sidelines looking for .0004 or .0005 again. I think any serious move is 2 to 3 months down the road, most people who play momo stocks won't wait that long. I could be wrong, but the timelines already given suggest any prolonged move is a ways off.
I don't know IR told me he doesn't dilute he places the shares privately, then I suppose those parties sell. As far as MM's it changes, it has been UBS, SBSH, NITE, JEFF, recently its been RCBM. Did not watch the trading yesterday so I can't really comment.
Im sure alot of others that bought at .0004 and .0005 sold some and are holding freebies at this point. I agree should go back to .0005, though he may have a good pump to keep it higher, but history shows he dilutes into the runs.
I had a feeling it would reverse thats why I took profits last week.
IDCN just raised the A/S another 500 million, I don't think you will see a reversal.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=p4JHBmpj5UNeFg7xejfDjw%253d%253d&CorpName=INDOCAN+RESOURCES%2c+INC.
He needs to get the money from somewhere, you had to know it was going up. I check it every day, notice the filing date was Friday the 4th, he always raises the A/S on Friday. Don't know if the 20 million are preferred. On the postive side he is going to need to release something to support the pps while he dilutes.
Assuming Australian Gold is actually drilling the test holes completion is estimated at over 200 days and that is only to determine if the property has enough mineralization to actually conduct mining operations. IDCN has not even bought in yet, they are a long way off from getting any return even if they do manage to buy in. Australia has three operating Uranium mines with a another coming online. They will have to clear alot of environmental hurdles before they ever begin mining and that is assuming its economically feasible. So in reality the price of Uranium should have no affect on the pps.
Lol How does IDCN benefit from that!
told you it wouldn't be the first time I was wrong. I got a little better than a double so I'm not losing sleep (.0004 sold at .0009). Good luck.
Tef I see. Can't post on RB lost that bet last year, I keep my word.
both are great companies and will benefit greatly from the run up in Uranium. Ocasionally play BHP options, RTP has far greater price swings, but the premiums are higher.
both are great companies and will benefit greatly from the run up in Uranium. Ocasionally play BHP options, RTP has far greater price swings, but the premiums are higher.
Tef you in Jail?
Yes but there was a strong lead in with the Abilene pr's that they have 2 wells pumping up to 200 bpd. Right now all we have is speculation on mines in Wyoming and Australia that are nowhere near production.
I still like the FAB angle, but that move is likely months away with the reserves from the Slave Point well being tight hole status at least until January.
http://www.flyingapetroleum.com/
read the spring update.
There was speculation out that private equity might buy pieces of BHP or RTP, that is why it spiked today.
Wouldn't be the first time I was wrong, I am not convinced where he gets the cash to buy in. Without that I don't see it gwetting past .001.
I bailed the last of my shares today, hoping to see .0005 or .0006 again, don't like the resistance at .001.
The key is can he come up with the 1.7 million, My guess is this will take a while.
raise capital to drill the test holes I would imagine.
Australian Gold Holdings has a pending IPO
http://www.australianinvestor.com.au/Companies.asp?id=2232
Here is an interesting tidbit, Leslie J Porter CEO of AGYP is also CFO of GNLM which has gone from .14 a couple of weeks ago to as high as .53 today.
That is good news, despite vocal opposition from the environmentalists. Shold help Australian Gold Holdings IPO. Problem for us is where is JB going to get the money to buy in?
Tef maybe JB promised her a part in his comedy