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1 dodostall - Are you or, is anyone you are compensated by, short PAIM?
Janice - As I posted before, the equipment should be fine for placer gold and high grade ore that has already been separated from its matrix via specific-gravity based methods.
I got 30,000 shares today at $.135. I just love a bargain.
Makes-are you being deliberately deceptive? That unit is not used for ore refining. It is for refining scrap gold.
The gold that PAIM is getting from panners and other placer operations is probably what most people call "gold nuggets" or "gold dust". This is actually a mixture of metals, primarily gold, with silver, platinum and some others. The unit that "what's that spell" found should work well at refining such ore.
As I am on vacation and only have access to my Pocket PC, I will need additional time to research the kind of product that this first mine will yield. My recollection is that the equipment from China will be used to break up high-quality gold-bearing rock which then employs a sluicing or other specific-gravity based method to produce the gold dust.
These are old, but cost-effective techniques.
I applaud PAIM for their creative problem solving. They will succeed!
As always, just my opinion. Do your own DD.
This is great news. PAIM has its act together and is going for (and getting) the gold.
I am not a broker. Do your own DD.
bobrainey has got it right.
pugdog,
That guy is me. I too would like to know what is going on with Aurus, but as I posted before, I don't see the gain in it. I do see the risks and I hope that GP would too. I believe that AURC is seriously undervalued. Being on vacation this week, I'm sorry I missed the sale. I just love a bargain.
I am still here long and.strong. I won't be able to check in much as I am on vacation.
Go PAIM!
At $.001 and given 3 billion shares, the market cap is only $3 million.
I believe that PAIM is still seriously undervalued.
At $.02, the market cap will still be only $60 million.
Who is jealous (besides me ) of some high gainers this week? Market is showing glimpses of life as some nice releases are see ELSEWHERE!!! Time for us..LOL...
Starnes - don't worry
I bought XKEM cheap recently at $.011. It closed today at $.0369. I cashed in 1/5 of my position when it was at about 5 times my purchase price.
I bought PAIM cheap recently at $.0001. It closed today at $.0009.
I bought AURC cheap today at $.16. I expect that it will beat them all, though I don't know when.
I am not a broker, so I can not and do not recommend the purchase or sale of any security.
Who here is glad they listened to Janice and the shorties?
I bought 26000 more today at $.16. I just love a bargain!
Pugdog, if he doesn't supply non-disseminated material information, what have you gained?
I have a very high regard for GP. He probably completely understands about the partial dissemination of material information, but it would be understandable if he doesn't. From my wife's experience many CEO's do not.
I am not trying to give anyone a hard time. I am trying to help protect you and possibly GP.
Don't fall for the panic.
Recently, PAIM announced a buyback in exchange for a debenture. Well, it was supposed to happen on June 15, but it was complex and still isn't quite done. Anyhow, the message boards were full of investors' fear and confusion because the price wasn't rising. No one trusted the company, except a few. I was one of those few. We bought post-buyback shares at $.0001. Today, it closed at $.0004 and touched $.0005. I expect it to continue up for a while.
The point for XKEM is that the best time to buy is when the panic is greatest.
Just my humble opinion.
We all want to know what is going on at AURC, but I recommend caution on the group email to GP. If he answers and it does not contain material information not already released in a PR or on the Aurus website, what have you gained? If he answers your email and it does contain material information that has not already been released via a PR or on the website and any of the recipients trade on that information (or even appear to), you may have to answer to NASD for insider trading.
Many CEOs and IR people do not fully understand the rules. My wife has explained them to me. She used to work in Insider Trading for NASD (or NASDAQ, I always confuse them) and spoke with CEOs about such things. She also recommended suspicious trades to the SEC. They are pretty good at tracking these things.
My recommendation: wait for AURC to issue a press release. You might even suggest to GP that a PR is needed and what topics you think should be addressed.
I agree with wrongjoe on this.
Sorry about the double post.
I am an IDIOT. I own 20M shares of this. I bought almost all of them at a penny. I sold NONE at the highs or on the way down. I am not rich at all. I fell in love with XKEM, and accumulated eveyrthing I could for months as Chassman was dumping. All in all, I put over $200K into this. I still hold 95% of my holding. Still up about $500K.
Gee you are up only $500K. You don't sound like an idiot to me. This stock will go back up and well beyond the 11s. I might suggest a strategy however to make the ups and downs more palatable. I bought 250,000 shares at about $.011. I sold 1/5 (50,000) at about 5 times my purchase price. This way, I am playing with 200,000 free shares. This let's me sit back and wait for the stock to reach its full value. I kind of hope it goes back to $.01 (though I doubt it will). If so, I will buy another 250,000 or maybe 500,000 shares and do it again. Having free shares is just plain fun.
Just my opinion. Always do your own DD.
POBOI - my apologies!
After the preferreds and this buyback, do you really think that Pearl is going to screw the stockholders? If she was planning to screw the shareholders, she would not have named the company after herself.
I am at 44000 shares. To avoid the "partial dissemination" problem, request that he answer the questions in a PR.
the only thing is that it would give him too much freedom in doing it the way he WANTS to, I like the idea of rather showing him how the "rudder (float) controls the ship (restricted).
The fact that GP chose the merger over the buyout for NDOL shows that it is the number of shares that rule, not the type. He doesn't have to answer any of the questions. In fact, if he does provide partial dissemination of material information, he is violating his responsiblity to ALL shareholders.
sakkcomny - TDWaterhouse clients have been treated differently from Ameritrade clients in this, even though they are both now parts of TDAmeritrade. Clearly this is not PAIM's fault.
sakkcomny - I have no problem with buy or sell on TDAmeritrade online.
flantonio2005 - whom at PAIM have you been contacting regarding this?
cargo_hauler - in a buyback, the bought back shares are retired.
sakkcomny -
I don't know why there hasn't been a PR. I can speculate that they are waiting for the buyback to be complete.
And believe me PAIM is not doing anything to benefit shareholders, just themselves.
What benefits the shareholders here benefits PAIM. It is a synergy, not a zero-sum game.
Just my opinion.
Funny how most claim they can't trade their shares yet others are claiming to be cashing in profits. I think more than a few people here are full of it.
Very simple. Some brokerages have completed the buyback, some haven't. Beware of shadow projection.
I am also long AURC, ZERO, NDOL, XKEM, and IFNY. I am keeping my closest watch on PAIM at this time. This buyback and investors' fears about it have created a unique opportunity.
Always do your own DD.
Australia
I think you write quite clearly. But more importantly, what you say makes a lot of sense.
Janice writes very well and is quite clever. She, however, is simply wrong in many of her posts (and no Janice, I am not going to waste my time elaborating).
I am not interested in criticizing dumb indian's or anyone's writing style. Bashers try to get longs involved in worthless diversions from what is important here.
dumb indian
1. Before you insult Australia, realize that he could have doubled or tripled his investment in post-buyback shares if he wanted to. Who knows, maybe he already has. How are you making money here?
2. PAIM has not stolen anybody's shares. It's a buyback and a much better deal than an RS.
sakkcomny - Why do you call PAIM a scam? They have been doing everything they can to protect their investors and all that many stockholders can do is to complain. They were viciously attacked by NSS. To protect shareholders, they issued the preferreds, hoping to get the shorts to cover. When that did not work, they came up with the buyback with debenture. This was very creative and was intended to deal with the shorts while keeping their promise not to reverse split.
The buyback was unconventional and thus has been difficult for everyone. Because it didn't all happen in one day, as PAIM wanted, much confusion and doubt has arisen. Further, the stock price has not yet moved as it would have if it were done in a day. But, it has started to move.
My sympathy to those with Scottrade, but this will pass and you will be able to trade your post-buyback shares. In time, everyone will get their debentures.
When I saw that the price was not rising after the 15th, like Australia, I too bought a lot of post-buyback shares of PAIM at $.0001.
Listen folks, at $.0002, the market cap is only $600,000. At $.0003, it's under $1 million.
This is a time of great opportunity. Those who see that and act will be rewarded well. Those who don't, will not.
This is all just my opinion, but my method seems to be working pretty well. I recently bought XKEM at about $.011. I sold 1/5 at about 5 times my cost. So the other 80% is free to go up and down without concern. I expect to hold that until it gets to at least $.50. I believe that with some good news, PAIM could go to $.0015 in the short term. I intend to be in this stock for the long term.
Again this is all my opinion. As always, do your own DD.
Australia - I had the same thinking and did exactly the same thing.
Ripper77 - PAIM did as promised. They baught back 90% of the shares. You will get a debenture in exchange for those bought back shares. This was all done to deal with the NSS without an R/S.
Does your account reflect two types of shares, those held for the buyback and those remaining? If so, did you try to sell more than the number of post-buyback shares?
Email from Gary Gotanco, IR of PAIM:
Hi xxxxxxx,
Please check out the pictures from lets roll's visit to the minesite, posted in PAIM's website. Just click:
http://www.pearlasianmining.com/BinasanTIA.htm
You may post this message for the benefit of other shareholders, if you wish.
Many thanks for your support.
Best regards,
Gary Gotanco
VP-BD & IR
Pearl Asian Mining Industries, Inc.
"KCN" is the formula of potassium cyanide, a very nasty poison.
dreaminofsailin - is the mine open pit or underground? Seems to me that an underground mine will not freeze as underground temperatures are constant year round.
Anyone with TDAmeritrade can trade PAIM.
TDAmeritrade has been trading PAIM for a couple days.