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I am hot on commodities today, GSPG for pennies, and all my big boards =]
DKGR isn't do much now but I expect it to start to move up, last time I flipped it, it ran to .015
DKGR isn't do much now but I expect it to start to move up, last time I flipped it, it ran to .015
Creede, you familar with a small commodity company called DKGR. They are becoming fully reporting and appear to be moving quickly to becoming OTC (no timeframes offered yet)
Looking for some movers and shakers, thx
I bought on the dip - looks like a nice correction but sounds like there may be some doubts on the credibilty here
Just thought I would drop in and root AAPL on - making a fortune. Does anyone have an opinion about a top here?
Checking the board out - great DD
Seems to be doing the right things =D
Can't complain about that =D
I am watching for re-entry too =)
True, for example FXPE - Full page ads in Money and mailers had a great run but I flipped it before it retrated. Not sure fundements will push it higher. At the same time hard promo to raise capital is neccessary sometimes but will it work...
Would be lovely =0
The odds are purly determined based on track record of the players involved and more specifically reports such as assays, 43-101's, etc that show evidence of gold.
Everyone here entertains the thought that the management is the same group behind TRGD, take it as you will but I like what they have done
Partners spending $38 million.
5 operations moving to production.
Major Silver discovery at San Miguel.
Tara Gold has assembled an unparalleled set of growth options that will quickly propel Tara into a mid-tier producer. We have demonstrated our ability to identify and develop both exploration and production opportunities, with 8 projects acquired and 5 advanced to near-production in the past two years. We continue to aim to deliver additional near-production projects that will enhance shareholder value. We are assessing numerous opportunities in readiness for their progression within the pipeline, thereby ensuring a continual flow in the coming years.
I get emails, ie Claytons Corner and Novak Report from them but they have stated they are not taking any compensation anymore from any companies after their last contract. I doubt they will stop their newsletters as they will likely focus on their interests, ie portfolio holdings, TRGD and DKGR. At least from what I have gathered. I will ask for a reply via email when I get time.
Big time =(
I think over time it will trend north again. I caught the last run and flipped some nice profits. Do you think anything will cause it to rally again soon?
I see BHP is on watch, I am heavy like very heavy in it, been riding for a long time. What opinion might you have regarding a pull back or a steady climb, thx in advance
I agree, the fundmentals are strong and they will carry the company forward. But financials and a OTCBB listing will do wonders for the shareprice IMO. More developments in news today so I am smiling =$
The company changed models into oil and gas, "trend spotter" was my response.
What I was asking without doing any DD is do you think this company has any merits for the oil and gas projects they are working on, ie
Jayhawk Energy, Inc. Acquires 35,000-Acre Uniontown Project and Cancels 56,000,000 Common Shares
Tuesday August 7, 9:19 pm ET
BROOMFIELD, Colo.--(BUSINESS WIRE)--Jayhawk Energy, Inc. (OTCBB:JYHW - News; "Jayhawk") announced today that it has cancelled 56,000,000 shares of common stock held by Sara Preston, a former officer and director, bringing the current outstanding shares to 36,882,659. The Company is also pleased to announce that it has completed the acquisition of the Uniontown shallow gas project in southeastern Kansas 6 for $2,200,000.
ADVERTISEMENT
The Uniontown project covers mineral leases over approximately 35,000 gross acres in Bourbon County, Kansas within the Cherokee Basin. The current target for development is the shallow gas potential of the area, although the leases are also held for potential development of coal-bed methane and conventional oil and gas reserves. Four wells within the leased area were drilled by previous operators with mud logs and cores taken to identify coal properties and gas contents. These wells identified at least 11 gas bearing coals within the Cherokee Group from depths of 250-750 feet, with typical thicknesses of 1 to 4 feet, yielding total net coal thickness ranges from 20 to 38 feet. Gas contents have been measured between 22-124 scf/ton. No production tests have yet been conducted. A preliminary reserve estimate for the project has been prepared by Questa Engineering Corporation of Golden, Colorado. Based in the geologic and engineering work by Questa, the Uniontown project area is estimated to contain 163 Bcf of gross gas in place, with total unproved gas estimated at 110 Bcf of gross gas in place. Production from full acreage development estimated by Questa for the medium case is 63.6 Bcf of gross gas sales, with a NVP10% of $115 million.
The Cherokee Basin has yielded cumulative production of over 90 Bcf of gas since 1992. Major operators in the Cherokee Basin include Quest Resource Corporation (NasdaqGM:QRCP - News), who has interests in over 500,000 acres and is increasing its acquisition and development efforts. Quest has reported that it has experienced a 99% success rate on 1,800 wells in the Cherokee Basin, and has booked over 209 net Bcf of proved gas reserves. Other operators near Jayhawk's acreage include Meritage, Fort Scott Methane Partners, Admiral Bay Resources and Running Foxes Petroleum Company.
Lindsay Gorrill, President & CEO of Jayhawk Energy, stated, "The purchase of the Uniontown project represents a rare opportunity to acquire a large acreage position with low-risk, shallow gas potential with much of the necessary infrastructure in place in the surrounding area. We are planning a full project assessment and drilling campaign to begin within the next few months." Gorrill also stated, "According to the Department of Energy data, the Cherokee Basin has approximately 2.8 Tcf of potential recoverable CBM reserves and Jayhawk is well positioned to increase its ownership in the area with an aggressive acquisition program and a debt free balance sheet."
Gorrill added, "The cancellation of the 56,000,000 common shares of the Company was a condition of the Asset Purchase agreement for the purchase of the Uniontown project."
About Jayhawk Energy
Jayhawk combines an experienced management team with exploration targets focusing on coal bed methane, shallow gas and oil and gas potential. In April 2007, the Company discontinued operations related to the jewelry business, and established plans to acquire oil and gas properties for exploration and development with the intent to bring the projects to feasibility, at which time, the Company intends to either contract out the operations or joint venture the project to qualified interested parties.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Examples of such disclosures would be statements regarding "probable," "possible," or "recoverable" reserves among others.
Management hopes these transactions will bring additional value to the shareholders of Jayhawk Energy. There is no guarantee that the projects that Jayhawk has recently acquired will increase the value of its shares of common stock, or that Jayhawk will acquire rights to explore and operate any other such projects, or that in the event that it acquires rights to explore and operate other such projects, that these actions will be successful or increase the value of Jayhawk's common stock.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to acquire additional exploration or production properties, our plans to drill or our drilling results to fail to materialize: competition for new acquisitions; availability of capital; unfavorable geologic conditions; the complexity of coal bed methane exploration and production; and prevailing prices for natural gas and general regional economic conditions. Jayhawk assumes no obligation to update the information contained in this press release.
Contact:
Jayhawk Energy, Inc.
Lindsay E. Gorrill, President & CEO
Joseph B. Young, CFO
303-327-1571
877-321-HAWK
info@jayhawkenergy.com
--------------------------------------------------------------------------------
Glad I added on the dip, what a jump!
CL I think financial compliance would be keen here, any ideas of when/how long?
Guess we were all right to buy back in around .50 - short squeeze in action is right IMHO
Been buying and still think it has legs here $$
I am buying all i can in the $13s
Seems to be a trend spotter. Do you think the projects have any merits? TIA
I think it might bounce around this range, what say you?
I'm looking for a bounce spot, any suggestions?
The market continues in our favor =)
Great DD I am holding tight on this one. $40 next stop IMO
IMO it trends north still but I flipped when it hit $85 was an limit order so glad I did cause I was traveling. Metal stocks to continue to raise IMO
Hi Creede, nice to see you around
I am going to have to say dilution is a factor here. Had higher expectations but my DD may be proving wrong =(
I see JRJC isn't on your China list, any opinions?
Good info DP - what a jump on that one, wowza
Gold and Oil stocks are fav's right now! Just got back from France and inhaling all the dust in LA right now. Fires suck!
Good points, any opinion on gold and gold stocks?
Couple things Chadman, they retracted the estimates from Patch and Parkinson as they questioned their creditbility then paid out of pocket expenses to prove their conclusions of which we all have had time to review that 100 + page report.
I get his emails and actually have made a fortune on investment tips, mainly ones from big boards, but as stated in emails I have gotten and other info he released, he is no longer taking any pay for IR or other services and his focus in 100% with Drake. My guess after a few POS companies he wants to put his money where his mouth is and back a company that can succeed under his control.
A lot of unknowns at this point but I like what I am hearing and don't think we are looking at a stinky pinky. Time is the only verdict here though! Good Luck to those holding like me =)
watching for bottom would be nice to see it high .01 again from here
I bought after the first dip but added on that last one, missed absolute bottom though =(