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As usual, it's all about the balance between fear and greed. Warren buffet says to be greedy when others are fearful and fearful when others are greedy.
They have the market, the will, and the infrastructure. They have the lease in an are of hydrocarbon source, knowledge of structure led them to want to shoot the seismic, so now it is a question of whether or not there is a "trap" for hydrocarbon in that structure.
A resource of that size will create a lot of possible options on how quick and how well it gets drilled. It will be fun to watch how it turns out.
The system has to fill ullage sometime folks.
Good. Consolidation is healthy and I can add more at a lower basis. Every dog with life in him does what he can to shake off the fleas.
So, right now, we're just diversifying their risk. When the prospective stuff comes to fruition, then bam! this gets swallowed.
I'm good Cat. Back in my own house again and livin' the dream! Workin like a dog and tryin to make some coin! Could it be that the world is beginning to discover the O/S on CHMT was cut to 40% of what it was and all those lawsuits and liabilities cleaned up in bankrupcy?
you don't have to have a contract with UPS or Fedex to ship your wares, and BTW there's always USPS, so that is the lamest excuse I ever heard. So what's the refund policy with Paypal?
http://www.businessinsider.com/11-ways-bear-stearns-called-securities-sht-before-selling-them-to-clients-and-insuring-them-with-ambac-2011-1
Fraud Charges against JP Morgan as a result of Bear Stearns mortgages insured by AMBAC. If they make it stick, AMBAC "could" get paid triple damages on the claim.
Bankruptcy always ends in cancelled shares, but if there is positive shareholder equity, shareholders "may" get a piece of the new equity issued on emergence.
If it can be proven that there is positive shareholder equity, then an equity committee can be formed to protect shareholder interests and to have thier own legal representation in the process. This only helps if the committee has good strong members with an effective strategy to protect all shareholders (not dominated by a hedge fund for example) and good legal representation.
This isn't a play for the faint of heart or for a buy and hold strategy. Many claims against the company will be cleared at shareholders expense before it is all over, even if they get recovery on the claims. I am not a lawyer, just someone who played the bankruptcy game once before. Lawyers and Management control the process, so are much more likely to win in the long run than the shareholders.
Catdaddy, the PPS on this one looks a lot like a lil' ol stock I bought in April of '09. Might be worth taking a look. I would appreciate your opinion.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59175186
This is more than just a "friendly trend", but is the result of the confluence of great sector in a great market place driven by some unique opportunties, as the recent great DD has shown.
I saw that, and a distinct pattern of higher highs and higher lows in the PPS, with major moves of increasing amplitude towards the end of the month, and this pattern began in September. Big footprints have been here for a while, softly affecting the PPS at first, but the footfalls are becoming heavier with time.
"Effective September 24, 2010, in connection with an internal reorganization of Philex Mining
Corporation ("PMC"), Philex Petroleum Corporation (the "Offeror"), a wholly-owned subsidiary
of PMC, acquired 225,000,000 common shares (the "Shares") in the capital of FEC Resources
Inc. (the "Issuer") from PMC. The Shares acquired by the Offereor represent 51.2% of the issued
and outstanding common shares of FEC as of September 24, 2010."\
It was clear to me after last month, this was likely to continue for good reasons and to a beneficial end, and so I began and continue to accumulate as funds are available. Not a lot of trading volume yet, but that too will change in time.
I'm seeing green already, got filled down low today. Me happy.
This stock will be on fire when the buying volume comes
Hoooee! Got another 100K shares!
Picked up another 435000 shares so far. Hope it goes lower.
Or more. Oh yeah, this is going to be a nice one I think.
A much different picture that the BANANA approach to development we have here in the USA. That is an acronym for Build Absolutely Nothing Anywhere Near Anything, by the way...and that is what our politicians get set up for life to do for us folks.
rumor
Me too. That is just too cheap, and I added about 300K shares today.
True. What do we get from the company these days?
Yep, I picked up a few more shares today. I have high hopes for this one and FECOF this year.
suppoedly Boise and Wichita Falls. It was going to be a big Thanksgiving, then it was going to be a big Christmas with nothing forthcoming. Now we see an online store that hasn't delivered merchandise. What has MDGC executed?
yep ST never did show me on the bid.
yep ST never did show me on the bid.
yeah well, I put in orders for 30000 at .0282 and 50000 at 0.0288 just to mess with their heads. Both orders are just sitting there not filled.
I'm out, rolled into FECOF and GEOI. Will continue to watch.
I'm out, rolled into FECOF and GEOI. Will continue to watch.
Theme for Tuesday January 18
http://www.hiphopmusicdotcom.com/santana-back-in-black-feat-nas.html
I think it is a generic term that has been used often in many venues over the years. Here is some information on these concentrators and how they are used. I am sure PCFG would be very careful not to say where they got it since there is a history of stockholders contacting suppliers, etc..
http://www.goldmetallurgy.com/gold-recovery-using-centrifugal-concentrators
You'd be surprised at how effective that can actually be if properly organized, but it can also be abused to the same degree by an organizer without the proper means of accontability.
1,250,000 and still accumulating.
Agree, but just in case here's something to get us rockin'
They filled me 100000 shares at .028 during lunch today with no problem.
Missing the boat should be taken seriously. It has happened many times to little companies that had great technology, but missed the implementation wave.
Other markets offer Koolade, in this market you just get the Grey Water to drink.
Decent volume at the ask today. Maybe somebody knows something.
Interesting thing is, publicly reported financial data on CHMT does not accurately reflect the O/S or market cap.
http://finance.yahoo.com/q/ks?s=CHMT
Do you think it dmght pop when a quarterly filing causes them to finally realize it's only 100 million shares, and with indebtedness included its undercaptialized at only about 2.4 billion instead of the 3.8 reported?
buyers are here today, and slapping the ask price.
And then there is Skadden's bill too.
The delays are not uncommon when it comes to dealing with international entities. Payment negotiations which we americans think should be straightforward are often what takes the longest. Looks like Mr. Cox knows all about the mechanics of this and is probably why he was brought on board. It is a good time to buy IMHO.
I think that shelf drilling will be the game in 2011, at least until BOEMRE gets comfortable with Deepwater practices, and they are not like dealing with MMS. I think this will be a good place to be for 2011, and I have a small position here. Don't forget there is a huge backlog of P&A's which I think BOEMRE will push, most of them on the shelf and in shallow water.
Hope so...if they are in fact even involved in it. Stock price really sux at $0.0035. Hope this isn't a scam stock.