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Back to .014 after dropping to .013, seems its not going to run hard off this news. We all knew that though. I just want it to tread water until the mill opens, I'm happy as long as we stay above a penny, because when the mill opens and the revenue starts rolling in, look out!
Nice bounce so far. Up 13%. I think we will close over .013 today.
Yeah I noticed the Bid and Ask going up. Think we might have a little run in the morning, which will be nice. Hopefully we can hit .02 on this.
Is this 10Q good, bad or indifferent?
Taken from the amendment.
During the next 12 months, the Company’s plan of operation is to raise approximately $5,000,000 for investment into its subsidiary companies: Deer Trail Mining Company, Bromide Basin Mining Company and Silver Bell Mining Company. The funds are intended for the following purposes:
Ship core samples taken from the completed 2nd phase of exploratory drilling at the Deer Trail Mine and have them analyzed/certified by an independent lab;
Continue sampling and testing ore from the Deer Trail Mine to evaluate the most efficient means to conduct future mining and milling activities;
Increase mining and milling activities at the Deer Trail Mine;
Upgrade the mine infrastructure at the Deer Trail Mine;
Continue to upgrade and complete the re-construction project on the existing mill at the Deer Trail Mine;
Acquire a pilot mill to accommodate temporary production of concentrates to PGM Company while upgrades are made to the existing mill at the Deer Trail Mine;
Upgrade the screening plant and crushing facilities at the upper Deer Trail Mine and resume processing the ore dumps;
Acquire new mining equipment and vehicles to improve operations at the Deer Trail Mine;
Conduct an extensive preproduction feasibility study at the Bromide Basin Mine prior to any additional mining production and analyze the potential of the claims before exercising its purchase option from Kaibab Industries;
Exercise the purchase option or extend the Bromide Basin Mine lease;
Commence an exploration and resource definition program at the Silver Bell Mine beginning in Spring/Summer, 2006; and
Exercise or extend an option to purchase the Deer Trail Mine for $3,000,000.
Its cool with my Bobby. Vent all you like. The scam word is a bad choice though. Vistors coming to the board don't want to read that.
Nice post bobby. Is the sky falling as well? I never understand the scam posts. How is it a scam? Please explain your reasoning. You may even want to try backing it up with something substantial.
Wow we might actually have a real support level at .014. I am watching it close because we have been fooled before.
Yes its hard to prove dilution. But all the signs point to there having to be some sort of dilution. If there was absolutely no dilution I think a NOBO list would have been ordered by now. With that being said, I definitely don't think this is a good time to sell. It may drop a little more but there are a lot of positive things coming soon.
10Q should be filed very soon, maybe as early as tomorrow.
More detailed results of findings will probably come out this week.
Finally, the opening of the mill will set this thing soaring.
Just manipulation and probably some dilution.
I also am getting the emails. Anyone on Unico's PR list probably is.
Where did you come up with that number?
Interestingly low volume. I think people are scared to buy off the news. Too many people bought on the way up yesterday only to have the manipulators bring it down on them. I am really feeling like the turn is starting to happen though. We keep getting good news with only more to come.
woohoo great news!! Finally some real stuff. I also love the promise of more news in the next several days.
Nothing like closing in the red after being up 40%
The 10Q was due yesterday but they filed a late notice. I know they were working on it last week. They never seem to get it done in time. Last quarter they filed a late notice and they filed 6 days later. I see the 10Q coming out either Friday or Monday.
Seems selling is over for today, now they will let it run a bit. My guess is we close around .017 or .018
26 mill in volume, a rollercoaster that went up to .021 and down to .014 now we are back at yesterday's close
wow, didn't expect the drop to be so quick. Back down to .017
I'm very optimistic. But I don't think this will make a serious move until after the mill opens or until there is some revenue. This is a nice little run but the manipulators will get control back this afternoon.
Now up 21%
Moving on NEWS, up 12% at open
Unico, Inc. Announces Chairman's Purchase of 2.55 Million Shares to Double Common Stock Ownership
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that chairman Ray C. Brown has doubled his common stock position in the company through the purchase of an additional 2,550,000 shares of Unico stock.
The purchase was made at a price of $0.0128 per share on October 13, 2006 and brings the number of common shares that Mr. Brown owns to 5,100,000. Mr. Brown's purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed with the Securities and Exchange Commission.
"Unico's consistent progress in its efforts to complete reconstruction of the mill and processing facility at Deer Trail Mine continues to increase my confidence in the future of the company and its subsidiary mining companies," stated Mr. Brown. "We are also extremely optimistic about the additional information that Unico expects to receive from the logging and analytical work being completed by Behre Dolbear."
I don't think so. Not this time. 2.5 mill is a substantial buy. He now owns 5 mill.
And they brought it back down.
Looks like the pictures have helped a little at the open. Up 12%
About the 10Q, I got this Friday after close. In response to my email asking if they would get it out in time.
"
The 10-Q is due on Monday, and the auditors and Unico staff are working on it now. That is all the information we have for the time being, but we expect Unico to update shareholders as appropriate.
Regards,
Public and Investor Relations
Unico, Inc. (OTC BB: UCOI)
Telephone: 951-587-8072
Email: investors@unicomining.com
www.unicomining.com
"
Its nice to insider buying on the day that the 10Q comes out.
NEWS!
Unico, Inc. Chairman Files Form 4 on Stock Purchase of 1 Million Shares
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that chairman Ray C. Brown has purchased an additional 1,000,000 shares of Unico common stock. The purchase was made at a price of $0.016 per share on October 12, 2006 and brought the number of common shares that Mr. Brown owns to 2,550,000.
Mr. Brown's purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed with the Securities and Exchange Commission.
"Unico is making significant strides toward the completion of the mill and processing facility on the property of its Deer Trail Mining Company subsidiary, and I am very pleased to again add to my common stock position," stated Mr. Brown on the date of his purchase.
"With additional labor coming to the site to assist in the completion of the construction phase and continuing work on the engineering and other aspects of the facility, we look forward to having the mill operating as soon as possible. Considering the progress at the mill facility, I have never been more confident in the future of Unico, Inc.," added Mr. Brown.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
10Q should be out today.
Its actually nice that it dropped back down to .017. Its has bounced a little to .0175. If it holds 0.17 a support level could form there. I expect another PR on Tuesday letting us know the training has been completed and the new workers are helping on the mill. If we are lucky they may even give an estimated date.
Added more at .017, Crazy bargin
Wow Bobby you sold here? I really think you will regret that one. You could have a least waited until later in the day and sold back at .02.
Back to .0175, drops again and we have new low.
UCOI, news out yesterday afternoon and more news this morning. Started reversal yesterday off a triple bottom.
NEWS!!
Unico, Inc. Announces Expanded Consulting Agreement Between Talon Resources and Deer Trail Mining Company
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced the expansion of its initial agreement with Talon Resources, Inc. to include additional consulting services for the bonding and permitting requirements of the new construction and milling activity at the Deer Trail Mine property in Marysvale, Utah.
Talon Resources will assist Unico's wholly owned subsidiary Deer Trail Mining Company, LLC to meet the bonding and permitting requirements for the various agencies involved in regulating both mining and construction at the Deer Trail Mine property. In addition, Talon Resources will provide consulting and direct representation for the company to the state of Utah's Division of Oil, Gas and Mining (DOGM), as well as conducting certified training and safety compliance programs required by Mine Safety and Health Administration (MSHA).
Talon Resources provides a wide variety of services to the mining industry including environmental assessments and permitting, construction inspection, surveying, engineering, instrument calibration, permit tracking, surveys for landfill and hazardous waste sites. They also provide mining and other subsurface location maps and global positioning system surveys.
Initially, the Deer Trail Mining Company hired Talon Resources to provide inspection of the underground mining activity in the PTH Tunnel and alternative miner rescue capabilities in connection with its mine rescue team. These activities were an integral part of the underground diamond core drilling program at the Deer Trail Mine in 2005.
"As Deer Trail Mining Company moves closer toward the completion of the mill and processing facility and ramps up mining activities at the Deer Trail Mine, Talon Resources' expertise and knowledge will play a vital role in making certain that the company adheres to all relevant regulatory requirements," commented Mark A. Lopez, chief executive officer of Unico, Inc.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Source: Market Wire (October 13, 2006 - 7:55 AM EST)
Emailed IR and got the following response.
Unico has not issued an estimate for when the mill will be completed and the processing of material will begin. They are aware that this is a question that many shareholders would like answered and may issue an estimate in the near future. That said, with ongoing construction and delivery of equipment and other material, management is hesitant to raise hopes for a specific date when not all aspects of completing the facility are entirely within their control. They are aware that this question is being asked on a regular basis, and we can say with confidence that completing the work on the facility is their highest priority.
Best regards,
Public and Investor Relations
Unico, Inc. (OTC BB: UCOI)
Telephone: 951-587-8072
Email: investors@unicomining.com
www.unicomining.com
UCOI is moving on bounce off a triple bottom.
Hey Surf, I am clearing up funds so I can double what I currently have in.
AMHD is at .0125, possible turn here?