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Me llama senor Petty. An appropos llama.
Hey True stop being an apologist for posters here who have been less than forthright. I thought the idea of a message board was to promote a free exchange of information and opinion, not lies and innuendoes. The expose of a guy who gives a bs statement of his position and then bashes against his alleged own interest is not pushing anyone around. We finally get a new face here who does some DD and fresh thinking and you want to push him around. You don't think Tony Petterson777 find is germane when the poster only drones on and on ad nauseum as to how much he hates management and the company. If someone is so disgruntled they can easily sell and move on rather than filling up space with dribble. Worst of all your "friend" seem to have an absence of a sense of humor. I for one welcome the new poster. If this works out I am paying for his date with the coochie coohie girls at the celebration party. I've lined up the mama llamas for your smart, informative "friends". Yak, Yak
A statistical anamoly voz. Only a few shares at offer of .0006. kinda like painting the tape. btw after hour 2.2 million trade at .0005 so stock is only up 25%. Thats why I tried to point out the absurdity of percentages at these micro prices.
Hey you had a good day today. up 50% and up 100% from the .0003 low.You are doing very well indeed. How many shares did you buy at .003 and how come you decided to reveal your position today which approaches or surpasses Marts. Wish you a lot of success. The mama llamas are waiting for your visit.:)
Retro hasn't posted on this board in months. What are you talking about dude? Are you still getting privare emails that you want to divulge. What have you heard??
OK here's the scoop my leftie compatriot. lol. The capitalist system requires money to run a business. If you ar lucky like a Donald Trump, you can use OPM, Other peoples money. If not, and you are an incipient mining company operating in a bear market where major financial institutuins are getting killed, you have to issue and sell stock. Kind of like an IPO or a secondary offering. The stock issued and sold probably to guys like the 6 rich tourists at bargain basement prices hopefully goes to building Escala and paying for trips to Argentina to do the illusory DEAL and not to line management's pockets.The only light at the end of the tunnel is that Escala most likely does exist although its worth is questionable since another mining company walked away albeit when metal prices were much lower. Can we ba another GSPG? Who knows. The posters here, including you, are small players and make as much difference as a pimple on an elephants ass. No offense. (Can't wait to see you take my comments out of context and boldfaxce them.)The company still has a reasonable shot to make it in my opinion since Petty, who I agree with Tony looks a little shopworn, may have the ability to pull this off. As my grandaddy used to say, never judge a book by its cover. By the way, those who post percentages at this level miss the point. Money isn't made by percent gain, its how much balls you have to invest and wait for a big score and that only happens when we are in pennyland if ever. Good luck
Six rich guys visit the company in Bolivia and maybe like what they see. Company present market cap is a million bucks or so and they have a contolling interest with Jaime and Bill. Omar Minaya makes a statement at 3 am Bolivia daylight savings time in Spanish and English. Willie Randolph takes over as CEO of fmnj. Company makes a movie: With Six you get Heads Roll. Hi ho we hit another low. must be getthem getting out of his massive position.
premarket trades at offer. what's that all about. maybe news. fingers crossed.
Vaya con dios getthem.
Bye getthem. We will miss you and your pearls of wisdom. :( We believe you sold that massive position that you never really owned. I guess that makes the Martster the major playa. S
You are a font of information though some of it is a bit inaccurate. The do not have a drilling partner for oil as you surmised. The gtl project converts natural gas in Argentina to a oil like liquid. The expenses you refer to is their monthly cost of ongoing operations. Appreciate your atttempt to do some due diligence.
Where di you get the info that they are spending 25Gs per month in Argentina and I never heard of anything in Chile.
Letter answers a lot of questions I had and seems to be an honest appraisal. It seems the future of the company now rests with how successful Escala will be and the value of the gtl deal in Argentina which Petty thought would be closed last week causing the delay in this letter.It is a shame that Jaime has screwed up the Cerro Rico project for now, but hopefully the good government connections will make it possible to resusitate it. I expect the stock to languish untilo there is some positive news
Elvis has a song about THE Letter: Return to sender, address unknown, no such number, no such home. Broken promises are very unacceptable.
It looks like 30 million after hours. Doubt it is a short. Who is the buyer, that is the question. Where is the promised letter to bagholders, er I mean shareholers.
The roulette wheel and Fmnj do share something in common: They both have a double O.
your logic esta bueno as su syntax. change su nombre to gotme. Los diaz of vino y rojas es finito.
Disappointing update that was bereft of any new information except that there is now 400 tons of rock waiting to be processed. Apparently it is Infante's job to find a way to do it now that production has increased with the arrival of new equipment. Maybe the letter to be released today or tomorrow will update status of the processing plant and the illusory deal. On a lighter note, 400 tons = 800,000 pounds. If you had a justice scale, it would take 4000 men weighing 200 lbs each to balance the rock on the other side.
SIL low of 7.27 looks like a bottom to me.
Make or break time is here.
La noticia esta tarde porque senor Petty es ambulante. Maybe there is some significant news coming out. Senor Petty: Deal or no deal.
Hallelujah: Welcome back. A breath of fresh air fer sure. How are los indios trabajaros.
Getthem you may have noticed that this was not a very pretty day for the market. Don't blame the freeks, or as we like to say the physically challenged. Have a nice weekend all. Nice to see FA is alive and well and not kicking us when we are down.
I hear NYBOB will be back soon and he'll bring HIM back to the baord.
Just being facetious. Havent sold a share in some time. Like most here, waiting for Godot.
Good luck to you. I hope you make a lot of money. I sold at .008.
you bring the lumbar and i'll build one.
Todays news out about new man on board. Company getting some experienced mining and productuion people. Looks like we are now in an uptrend as selling on bid has dried up finally.
Not over yet. Premarket b/a looks like this will be a good day. Maybe Petty did get something done.
They never ring a bell do they. GSPG hit a recent low of .0004 and is now approaching 2 cents. All it takes is a little news and for the company to stop selling shares. Then buyers have to pay up since no inventory in hands of MMs.
Company has said little about the status of the processing plants. Now that there is some cash flow, it is imperative that they have the wherewithal to process the raw ore. I wonder how they were able to process the concentrate and if they are now able to continue to ramp up producgtion. It is time for a status report and a clarification of what is going on with the other projects, if anything. If they can pull this off, the buyers of shares down here are going to make some serious moolah.
Another 41 million shares traded after the close. I'' be darned if I can figure it out.
Another 41 million shares traded after the close. I'' be darned if I can figure it out.
Looks like today may be a turn around day for the Bolivian mining companies. Sil is up 7% to 6.75 after hitting another new yearly low. Lokewise for cde. I think they will buy the big companies before the micros. Like Yogi says it aint over till its over though I have to agree it sure looks like its over. Apparently Petty was not able to close the GTL deal in Argentina if the pps is any inducation.Depressing.
Looks like today may be a turn around day for the Bolivian mining companies. Sil is up 7% to 6.75 after hitting another new yearly low. Lokewise for cde. I think they will buy the big companies before the micros. Like Yogi says it aint over till its over though I have to agree it sure looks like its over. Apparently Petty was not able to close the GTL deal in Argentina if the pps is any inducation.Depressing.
The company is making MONEY and that is obviously the reason for any company to exist. Now it looks like fmnj can grow without going to the stock market by issuing additional shares. Hard to evaluate the potential here from this first announcement of $31,000 in revenues since I don't understand what 10 tons of concentrate means. How much silver, lead and zinc was derived? how many tons of raw ore was needed to produce the concentrate.Etc. But in any event it sure feels good to know that this is a viable mining company that is on a strong growth pattern. Let's see if the market takes notice. It seems clear that revenues should increase exponentially as the processing plants go online. I would expect more good news should follow in short order. Vivivanna may indeed be a good luck charm.;)
Being troubled that cde and sil are doing so poorly, I did a little investigation. SIL hit a new yearly low today although their massive San Critobal project will be operational in the 3rd quarter and produce mucho silver. Seem that SIL took big lossses in hedging silver to the tune of $340 million and suffered a $5.58 loss in the 4th quarter alone. They also had to sell off a major interest in San Cristobal and it looks like they are being squeezed by their lenders. Cde is likewise near a low and is off 40% from its $5 high. This points out the vagaries in investing in this highly volatile arena. Risks are big but so are the rewards.Better to be lucky than smart sometimes. Thing is that these types of situations can turn around radically and violently. A .001 stock can easily move to penny levels and vice versa. We shall see. LIke to have a move here as a safety net.
I agree that it will not take much positive news to start to move the stock. There is a slight difference this time. The company is actually mining rather than promise to promise to produce. If there is substnace to the company it should move to otcbb as a start and maybe nasdaq after the going concern caveat is removed. Wonder what to time tomorrow the sales figures will be announced. I have and will trade this puppy but I will be reluctant to close the position with a exit strategy in case it really does become a PM producer.
Looking at the numbers posted in Petty's May 13 letter to shareholders, it is clear that the company may at last be financially sound. The total cost to run the current Escala operation is $55,000 per month all of which will be covered by the positive cash flow the company will probably announce tomorrow. To complete the additional projects, excluding Cerro Rico, will cost another $1,125,000 much of which is to get Escala up to full production. This money has most likely already been raised by the sale of securuties from treasury mostly by private placements albeit at the cost of the low stock price. Now, the Good news as Petty likes to say. If the company has a deal to get a major company to finance the gtl projects in Bolivia and Argentina, they likely will have enough money and prospects to complete the building of the on site processing plant. If the assay figures are accurate, Escala can become literally and figurativvely a gold mine. The news from here on out should be extremely positive and I expect tht the Street will soon take notice. The Generation Xers here may have some great tales to tell their grandkids. Risk/ reward ratio here is very high. All we need now is a prayer from NYBOB. I think we will soon be singing June Is Busting Out All Over. Enjoy the ride. True: Get ready for the curly shuffle.
Maybe your amiga viviana is a lucky charm. I notice there are bars behind her photo. Was she visiting you when the picture was taken? At least the bars are green and matches her dress.:) I am ready for a runup from these depressed prices. good luck.