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Interesting. About the only thing I am not bitter about is that the OS has not been diluted to .0001 which they could have done for some chump change. It is too late for that now as there is virtually no volume. I have interpreted that as the McNabbs still believing they can somehow pull it off. Tammy's alleged letter to the consul supports my opinion.... er, perhaps delusion.
I do hope you are right. Your thought about Chinese nationals is interesting. Do you know for sure that they still hold shares and how many? That is a hopeful angle.
I agree completely 44ny. There are posters here who have done business in China. They described their experiences, and have made the same point as you.
I respectfully disagree, and I understand your point. I have ridden this stock from .12 on the recomendation of Ludlow. So I am prejudiced concerning the current condition of WWEI. Companies are about personalities. Look at what Steve Job's obsessive personality did. Others here have indicated how Larry's evident temper, hyperbole and inabilities have have likely driven WWEI away from the potential that the industry offers. This is all conjecture of course, but is based on the utter failure of the company to fulfill any of it's many advertized promises.
It would be pleasant if someone else took charge, but the company no longer has the personel from Windcor or contacts in China. It is my guess that WWEI is an empty shell with Larry still trying to bluff us and himself.
I will gladly eat humble pie ala crow if some actual material business events were to appear.
Windy,
I concur with your portrayal of Larry. I used to communicate with hem but I tired of the redundant, "good news comming." He got scruffy and beligerent when I'd ask questions concerning inconsistancies. I corresponded with Tammy too, but she suddenly broke off contact.
In keeping with the nautical metaphor floating around, I'd say Welwind has foundered, the captain went overboard, the crew abandoned ship, the cargo lost at sea and the rigging is weathering away. Meanwhile the first mate fumbles with charts and papers plotting a course going nowhere.
Here. Still holding to 500k
There is no topic then.
WWEI is basically non existant, no more filings, no Western Hemisphere projects and pacts as advertized, and the Chinese director made off with whatever hopes we had in China. Tammy has become invisable. WWEI seems to consist of Larry and his email.
Yes, I'm bitter.
Very interesting!
I would love to meet up there with you.
To cut / paste PDF files...
For pc:
Left click on the pdf text or picture to select it,
Right click to copy.
Then past text to a word processor or the picture to "new project" on photoshop or paint.
Dumb luck but it worked for me
See..
Summary Report
on the
Rainbow Canyon Project
Washoe County, Nevada, USA
for
Acrex Ventures Ltd.
2300-1066 West Hastings Street
Vancouver, BC, V6E 3X2
Canada
Prepared by
J Allan McNutt, P. Geo.
5273 Walnut Place
Delta, BC, V4K 3B3
May 18,
China now planning to boost rare earths exports and output
http://www.mineweb.com/mineweb/view/mineweb/en/page72102?oid=146151&sn=Detail&pid=102055
Right on Shysurfer. You paddled out far and shot the tube with that post. We longs debate the eventual outcome in terms of pps, r/s and o/s, but are all in agreement that when that big one comes in we are in for the ride of our lives.
We may wipe out and that's the chance we take when we get in the water. The heckler gremmies on the beach may stay safe and dry but their chortles could turn to silence as all we hear is the spray of riding the swell.
I realize you may be a shy cyber surfer, but I'm from Huntington Beach and chose my metaphor accordingly.
Got some .005's today.
Great posts today colorado.
Chart
Yes, Trader, the consecutively lower bottoms of May, June, Aug. and Oct. lay within a down trend channel (lines 1 and 2) In late Oct. that channel was broken suggesting that a basing pattern is now in place. The multiple bottoms on line A and the angle of line B etch out a long term triangle indecision pattern. If the triangle's apex is broken to the upside, a new uptrend is likely, if broken to the downside the price could be headed back toward line 2. Joe Granville told us that "Volume precedes price". The volume needs to be in the multi million range like in March - April to convincingly launch a new bull trend. That will take news or hype because there are not enough traders presently to move SNEY off of this base on high volume. When traders using tecnical analysis charting programs grow in numbers, the charts assume a self fulfilling prophesy due to the herding of traders all looking at the same lines.
Thank you for that.
I hope we are the good guys.
Me too. I'd offer to help but I know little about alluvial deposits and less about dredges. I have some hard rock mine experience using ground penetrating radar. Useless in most water. I am getting an education here.
smitty,
Perhaps when this is all over I could join you with my 00028. Meanwhile, I'll take my opinions into the background and continue enjoying your writings about SNEY.
I read all your posts and respect your viewpoint and clarity.
risk and stlsmitty.
Your jests are unfair and missed the point I was making. Someone was implying that this stock was going to continue to go down according to the charts. I considered that a reckless statement considering there are other interpretations of the data and I named the sources.
I am not a chartist and made it clear that I have been buying SNEY based on percieved fundamentals which during this time of lack of information are based on as much dubious speculation as charts.
This stock is not in a down trend according to archetypal price chart patterns. It would be if the .0037 - .004 bottom was broken and a new low established. If you are arriving at your conclusions through candlestick, Elliot Wave or other than classical charting technique, I apologize for stepping on your toes as I am not well versed in those techniques.
I said it would be good for a flipper if the resistance at .008 failed to be penetrated, and by flipping I meant buy low and sell high not shorting.
I spoke up in the first place because you stated as fact that SNEY is in a down trend. It is not, and that assumtion could lead some to feel safe in shorting. There is unacceptable risk in doing that at this time unless you are day trading swings.
Sorry Mug, I didn't mean to annoy, and I agree with you that news and the lack of has been the primary mover of the the price. Technical analysis measures the past and gauges mass psychology. There is a respectable percentage of predictability especially in determining statistically advantagious entry or exit points once a trend has been established.
My arguemnent is that, following precepts set forth by Granville, Zweig, Weinstein and others, SNEY is not in a down trend, it is in a consolidation, possibly a basing formation. Shorting here based on assuming a down trend could be risky.
Aside from all that jargon, I have been buying every week regardless of price, in hopes of the possibility that the fundamentals discussed here may be accurate.
A 3 year chart shows a long term triple bottom at around .003 -.005. The 1 year downtrend ended in Oct. or Dec. It appears as though a base began in Oct. as the "lower highs and lower lows" ended as interpreted on a weekly scale.
Regardless, there is no clear cut down trend channel from the May highs. It is more like a fan formation with breakouts in Aug., Oct. and Dec. It could be argued that a base formation has been in place since Oct. with resistance at around .008 and support at .0037.
If resistance at .008 is taken out then we may have a classic saucer and handle base formation in process. If resistance holds, the price could head back toward the .004 area. Strict adherence to classical technical analysis indicates that SNEY is not in a down trend but is basing and the trend channel has been since Aug in a Stan Weinstein basing formation.
In conclusion, if SNEY breaks above .008 it will likely begin a new up trend and a buy and hold strategy would be in order. If .008 fails to be broken then a "flippers play" between .004 and .008 is plausible. But I would not be shorting here based on a concept that we are in a down trend channel.
Are you accusing me of something unethical? I shall post no more.
Sorry. So many zeros.
I am getting. 27.5 and 2.75 billion after quadtriple checking.
I'll take AK's $500 mil in assets and 4.5 cent valuation and add my own hopes that mill production may bring that to 5 cents. My magical thinking is that the massive overhang of A/S doesn't find it's way into the O/S.
Technical analysis alludes me in the long term inasmuch as the old highs and resistance lines are based on a much smaller share structure.
Thank you AK. I will continue to buy and hold.
11 billion shares outstanding?
$2.50 (pps) X 11 bil (os) = $27.5 trillion Market cap.
$.25 (pps) X 11 bil (os) = $2.75 trillion Market cap.
Is my calculator working?
I would like to see some price projections based on assets, potential mill production revenue and outstanding shares.
Based on current available data and earning potential I am going to be quite happy to see a 1 cent pps.
I have that stock too Scotia. PCFG is a lesson that having permits and a mill running doesn't equate to instant hurdling of walls of worry.
Thank you for the level headed post 567.
Mister Young, I will absolutely not argue against your point. As I said, if that scenario materializes I will be delighted. Meanwhile, I accumulate.
MT, I have been lurking without much to say and steadily accumulating. Yes, and I too, have been dreaming of what I will do with my hoped for wealth. But, logic dictates that I compare CGFIA not to high flyers with far smaller share structures. I have been comparing to that other stock you and I have in common. Their mill went into production and with an OS of around 750 million the price went to .08. Then it ground back down to .017. Factoring the vast diffenences in share structure between the two companies I can see CGFIA getting to a little over half a cent.
Of course there are other basis for calculations such as asset values and rumors. We will see what transpires. My stratigy is to accumulate so that if we get to half a penny I will be happy and if we reach the lofty levels bantered about I will be extatic... and very rich.
Thank you for your level headed posts and positive attitude.
Thanks for the levity MT. I have been cringing at the magical thinking around here about wishful price expectations, buy back hopes and daydreams about what we will do when we all are rich. Based on the ever increasing outstanding shares and reported assets I would be happy to see a half a cent share price. I await news to see if the new 20 billion AS get dumped into the market. That said you can update my tally to 12 million shares. I buy a little each week.
I agree Akula that the MM's are profiting little by manipulating this stock. I suspect that we are going to find that the recent news was coincident with another massive increase of the OS. If so, the share price will remain low until nearly all of the AS has been diluted into the OS. Then the buy orders will meet a limited supply and there will at last be upward pressure, unless we get another announcement of an increase in the AS.
Isn't the O/S more like 10 billion and perhaps more? That should change all the SP estimates in your chart.
Respectfully, poster, I maintain my assertion. WWEI is not at this time a legitimate investment in the general connotation of the term, and is not worthy of consideration of a conservative investor or even a venture capitalist.
It is pure speculation because there is no data, no information and no news. There are no current financial statements with which to assess the company's fiscal condition. There is no updated news about the state of the many projects formerly heavily publicized. The key personal with technical prowess in the industry (ie: Windcor) have fled. The "big money" that was supposedly secured for the Mongolia project never was verified. The supposed partnership with Yatu has generated no apparant business. The much vaunted ppa never was implemented. None of the income projections have come to pass. Visibly, there is nothing to this company but Larry McNabb and some Ihub readers.
If you know of "big money" behind the scenes and some actual revenue prospects for this company, I will humbly insert my foot in my mouth... gladly.
You are hilarious. Perhaps we'll have another 80% up day tomorrow on 22k shares of volume.
Alas escape, we started out as investors and devolved into speculators. And we started out as believers and now could be accused of being bashers. But let's not lose our sense of humor.
Very funny escape. If WWEI doesn't work out for you, maybe you should write a book!
The problem with not reporting nothing to report is that they are not filing 10k's, and that is corporate self destruction. No legitimate investor will put money into a company that can't even file it's required paperwork.
That line sums it up perfectly:
"...people who have nothing to report and choose not to report they have nothing to report."