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Nothing wrong with pulling back and consolidating along the way to higher highs. DGRI is trading well and I think a move higher will be taking place this afternoon or sooner. People who are selling here are the ones who bought in at .015 or so and are taking their profits. If you ask me their taking them waaaaaayyy to soon but to each his own. Go DGRI!
.032 back up.
If we see an update on Jungo drilling, or an 8K on the newly designated Series A preferred shares, or Basin Gulch development we will push well over .05 imo.
Gold currently up .43%
DGRI looking real solid this morning. 6 Million in volume in a half hour is real nice and the fact that most of it is over .03 is a good sign. I think we may test .035 in short order here.
.0311 x .032 MMs getting into place nice and early this morning.
Good Morning DGRIers! Going to be another great green day here. Maybe we see our 8K today or maybe not either way DGRI is going places and I am ready to tag along. GLTA
A very nice problem indeed. Although at this rate your going to have an even bigger problem by the end of the week. .07 here we come!
lol seriously what the problem here? haha
Board marks keep rising and rising. Tomorrow is going to be a real good day. With some momentum we may be able to test our previous highs this week. Cant wait for an update on that 8k or Jungo Drilling, Basin Gulch development, or Benton Mine Production. So many positives pending for DGRI.
Look through a couple of the past posts for a couple ideas. Last 70 or so...
My first guess is no but anything is possible. I believe they will be used for a large chunk of financing. Hopefully we will see an update sometime this week.
A little info on late trades and form T trades.
There are three types of late reports.
Those with a time stamp within a minute and a half after closing are just normal 90 second delays
Rule 6620.1 OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.
In this case the market makers may have conducted a trade within seconds of closing, but is delayed in reporting until after closing it is showing up a minute after closing. This delay, which is permitted, is often misconstrued as manipulation.
> And then we have those later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots.
This is sometimes used by financial institutions that are non market makers to report larger transactions that actually occurred during market hours, but since they do not have access to the ACT (Automated Confirmation Transaction Service) use Form T to report. In essence, bypassing the MMs.
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to buy larger lots at prearranged prices without risking to drive the price upward or downward.
The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between them outside the clearing system.
The process used to balance street side transactions depends on the type of comparison generated, and the settlement method for the particular trade.
Trades Comparison is accomplished in one of two ways:
1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way.
2. Manually via Ex-Clearing. Ex-Clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settle this way.
JUNGO PROPERTY DRILLING PERMIT
As many of you know we were overrun by a couple people since last Thursday claiming that there is no permit for the drilling at the Jungo property. I promised I would sort this out by Monday and after hours and hours of searching, emails, and phone calls I have fully confirmed the existence of our permits.
The permit is filed with the the Board of Land Managements Winnemucca Field office. The permit is active, paid for, and was amended a few weeks ago to include the new drilling project. The permit is a matter of public record but is not listed online. The permit is filed in a cabinet in the local field office. The permit number is N88187.
This only further solidifies my confidence in DGRI. We are going places people.
This was a FORM T trade which means you do not see the volume from it until after close. Basically the order comes in and the market makers want to fill it but dont want the price to drastically move at one time so they fill the order with there reserve of shares which wont show up as volume at all or fill it in increments on the open market and then print the average after the close.
Buys out weigh sells 2 to 1 today. 24,048622 buys vs 11,107414 sells
4 Million share T-trade just printed .0209. I bet the dip at 11:19 is when this order took place. Good chunk of change though.
Agreed.
Todays action may be related to the discovery of newly designated Series A preferred shares. SEC rules state an 8K must be released within 6 days of designating any class of stock so we should see an update on these soon. I believe it will say something like "Dutch Gold Resources receives X Million in financing." IMO of course.
As of Sept 30, 2010 there were no preferred shares issued or outstanding but...
Update to Nevada SOS on 11/30/2010
Designation of Series A preferred shares.
Document size 8 pages
Document Number - 20100895634-48
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=B1jTBt5epqCjUrq0EjtZOw%253d%253d&CorpName=DUTCH+GOLD+RESOURCES%2c+INC.
Series A preferred shares are how companies raise capital in a non toxic/defaulting fashion. Big investors either institutional or private equity are getting involved here imo. Preferred stocks offer a company an attractive alternative to debt financing.
I believe we may see a test of .04 tomorrow. The sky is the limit here. If we get word on drilling jungo, basin gulch, benton production, or a large tranche of financing then this will make absolutely explode above .10
Wow tomorrow is going to be huge!
DGRI closing at HOD going to be a huge day tomorrow. Up 75%
Dont forget our 330 ton per day plant-
Any shares being sold at these levels are being soaked up by Smart Money. Lovin it!
This is epic volume
.0327s getting hit hard. Just 1 left.
.0325 gone .0327 up now.
.032 gone! Our chart is a thing of beauty going into the close. Tomorrow is going to be a big day.
Well that was quick! .031 broken .032 up to bat
I bet we break .031 by eod. DGRI is a monster.
.0309 up
.0307 x .0308
Potentially Huge News Here -
As of Sept 30, 2010 there were no preferred shares issued or outstanding but...
Update to Nevada SOS on 11/30/2010
Designation of Series A preferred shares.
Document size 8 pages
Document Number - 20100895634-48
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=B1jTBt5epqCjUrq0EjtZOw%253d%253d&CorpName=DUTCH+GOLD+RESOURCES%2c+INC.
Series A preferred shares are how companies raise capital in a non toxic/defaulting fashion. Big investors either institutional or private equity are getting involved here imo. We may have just found our financing. If Dutch Gold comes out with an announcement stating we have received X Million in financing were going to move way past .20 imo. Preferred stocks offer a company an attractive alternative to debt financing.
Potentially Huge News Here -
As of Sept 30, 2010 there were no preferred shares issued or outstanding but...
Update to Nevada SOS on 11/30/2010
Designation of Series A preferred shares.
Document size 8 pages
Document Number - 20100895634-48
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=B1jTBt5epqCjUrq0EjtZOw%253d%253d&CorpName=DUTCH+GOLD+RESOURCES%2c+INC.
Series A preferred shares are how companies raise capital in a non toxic/defaulting fashion. Big investors either institutional or private equity are getting involved here imo. We may have just found our financing. If Dutch Gold comes out with an announcement stating we have received X Million in financing were going to move way past .20 imo. Preferred stocks offer a company an attractive alternative to debt financing.
DGRI Series A preferred shares.
Potentially Huge News Here -
As of Sept 30, 2010 there were no preferred shares issued or outstanding but...
Update to Nevada SOS on 11/30/2010
Designation of Series A preferred shares.
Document size 8 pages
Document Number - 20100895634-48
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=B1jTBt5epqCjUrq0EjtZOw%253d%253d&CorpName=DUTCH+GOLD+RESOURCES%2c+INC.
Series A preferred shares are how companies raise capital in a non toxic/defaulting fashion. Big investors either institutional or private equity are getting involved here imo. We may have just found our financing. If Dutch Gold comes out with an announcement stating we have received X Million in financing were going to move way past .20 imo. Preferred stocks offer a company an attractive alternative to debt financing.
We may test .04 tomorrow at this rate.
Smart Money is flowing out of the other gold plays and into DGRI. A great sign.
and 3s gone!
If an 8K comes out this week relating to our newly designated Series A Preferred shares we are going to explode here. I can see the headline now. "Dutch Gold Resources receives X Million in Financing." This week is going to be fun.
$750,000 worth of volume today. Looking like a real strong close is in the making.