Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Actually the total volume was 51.4 million shares as almost 10 million traded after hours. The company was probably raising money for corporate purposes and if 45 million or so were treasury shares it would represent about $140,000 in capital. If this theory is correct, the shares should rise quickly as the shares for sale dry up for new buyers. I expect that a good news release on the Dunn evaluation can trigger a move to the upside. We shall see. GLTA.
Thats why I said I would bet Mart it would be unchanged. Actually it may be open in Franfort. It looks like cde bottomed today so you may want to look at it. In my opinion, the market will rebound on a massive sell off in commodity prices. Oil, in a recessionary climate can easily fall from 100 to say 60-75 a barrel and gold and silver will take a hit too. Short term not great for mining shares but fmnj is on a huge growth curve with a very motivated if not somewhat overexuberant CEO. I think you made a good purchase today and will soon get your props. Happy Easter and Happy Purim Holiday to all.
Tomorrow will be a better day. I am betting Mart that the stock will close friday unchanged. I think they raised enough money today to pay for a years supply of leaves for the minres and Truehearts hoochie choochie girls.
My father use to say that people who talk to themselves have money in the bank. I have a feeling that a bank is not the safest placwe to have your money these days. Only a week to go till baseball season as joy breaks out in Sox Nation. Relax. This game is like baseball. Sometimes it tis slow but there is no tome limit on the game.
No bet. You can paint the tape and then we would have to pay you off.:) My take on todays action is that the MMs are keeping a big sperad to permit a planned sale of more shares to a investor out of treasury to pay for that processing plant or at least the down payment. You get .0036 if you want to sell and pay .0046 if you want to buy. This discourages sellers and lets the trades be completed without interfrrence. Expect our fearless leader to claim he bought in at .0036 even though stock can not be bought there. Of course we will be told this after the fact. A close on top would look very nice for the Good Friday respite.
No bet. You can paint the tape and then we would have to pay you off.:) My take on todays action is that the MMs are keeping a big sperad to permit a planned sale of more shares to a investor out of treasury to pay for that processing plant or at least the down payment. You get .0036 if you want to sell and pay .0046 if you want to buy. This discourages sellers and lets the trades be completed without interfrrence. Expect our fearless leader to claim he bought in at .0036 even though stock can not be bought there. Of course we will be told this after the fact. A close on top would look very nice for the Good Friday respite.
There aer a few here that I nominate for the Eunich Chorus. It is a shame they are missing an essential part of the male genitalia. On a similar note, Franklin seems to be firming up. The purchase of the processing plant is a good start but I would like to see more details and maybe even a photo on the website.
A market order on the pinks is like asking Lorena Bobitt to surprise you. Thank goodness that Scottrade doesn't permit such eunichliation, probaly since they don't want to be sued.Do you really believe that Linus tried to buy a stodck above the offer price and was sold no shares.
Petty has posted today a brief letter referring to THe Techna Group. I went on their website as he suggested and it is a very credible organization. He also has a bit of a mia culpa on yesterdays reference to the guy from the World Bank so he must have had some feedback that they didn't want their name tossed around in a PR statement at this time. Hmmm. Where ther is smoke there is fire they say. I reread the original and all I gathered was that they are considering helping the company. Still loke to hear more details about the processing plant. Maybe Nart, who has managements ear, can find out a little more info as to when the purchase will close and when they will process our rocks.
It doesn't upset me Red Baron. You can not trade a pink sheet company with a market order so your statement is peculiar. All or none has nothing to do with limits. I was trying to understand your predicament. Maybe this stock is a little too speculative for you. :)
Lets see if I understand. the bid was .004 and the offer was .0045 and you were willing to buy at .0045 and you couldn't buy any of the 300,000 shares you wanted? Was your order for all or none? And the reason you are upset is that someone on this board is a market maker and did not want to sell any shares to you?Good grief charley brown.
Good news on the processing plant and an explanation for the company not starting to process the hard rock when the cost will be zilch now that they own a processing plant. Question: Is La Paz 70 km from Escala? How much did the plat cost and where did the company get the funding. It seems that Petty has made a good connection with the World Bank affiliate and seems to think they will provide money to the company to aid economic development in Argentina and Bolivia. If he can achirve that, obviously shareholders will benefit and the dilution of stock will end. Do you have a handle on how optimistic management is, Mart, and do you think he can pull off this majot coup. It seems that the Red Baron de Rothschild has missed the boat here. Viva le Banco De Mundo. We may be on top of the wWorld soon. :)
Though it will not show any tangible earnings, I hope that the company will soon reveal the financials as promised. Petty's trip to Argentina was encouraging that GTL is not dead however the promsied trip of the investment bankers who were doing the gtl financing apparently never happened. We have not seen Gregoire's name recently, but given then current state of the bankers in the world that is not too surprising. I also cannot understand why at least some of the mined hard rock has not been processed. It should be time for the company to give us update on these and other issues. The stock appears to be in a holding pattern after some big blocks, which I still believe were preplanned, were traded.
Competitors in Bolivia, CDE and SIL are both acting poorly in the face of silver highs. CDE's convertible debenture was oversubsribed up to $230 million which shoul be good news unless it is involved in some sort of arbitrage. SIL reported a 4th 1/4 loss on rising expenses arttributable to the money spent on their San Critoabal mine in Bolivia which will show big production ghains tghis year. Go figure. A boon in the silver and gold stocks would help and I am surprised these companies are underperforming. As for Fmnj most of the volume today was up volume though a million shares trded down in Frankfort either yesterday or today.
Thanks getthem. The spread betweem the bid and ask is 12.5% causing the big swing. If someone wants to buy, they will probably have to pay the .0045. When there is more interest in the stock, the spread should get closer. I think the MMs sometimes keep the spread big to keep the small investor away when doing trades for the company. Is gblt on the bid/ask?
I have a hunch that the the buyer of the treasury shares is done since the last large volume trade of 1 million at .0045 was on an uptick. Can someone with level 2 see of gblt is on the offer and post the bid/ask market makers. Thanks. I hope we are ready for a run up on some news.
The important part of the news today is that Petty seems to be establishing a relationship with the IFC, part of the World Bank. It also appears that he is getting a reconfirmation that the gtl Argentina deal, originally negotioated by Malgerjero is still in place and will be revised and submitted to Franklin. The loss of a Bolivian national on the board was worrysome and it appears Petty is trying to politic to rreaffirm the companys commitments to growth with him at its head.I sure hope that after spending so many years in Sur America he speaks fluent Sp[anish even if it is with a southern drawl.
not really contradictory. There will be reports as in plural and the first one will be posted this week. Im guessing tomorrow.
sorry i was rsvp ing to sitka
No it said due the week OF March 17. Not a very good day to put out a release. Is your brother Latka?
In times like this we need the Baal Shem Tov, founder of Kabbalah. As for Sola Resoures, you have to account for the shares that will be converted from the debt offering so the OS will obviously be a lot higher though far from the high float for fmnj. BTW is the price on the venture exchange in canadian or US dollars. If I decide to buy which exchange is best to use? Where do you see the stock going if its business becomes profitable. What is the downside in your opinion.
A vulcan 3d model to establish tonnage is due.
Wasn't Spock a Vulcan. Is the tonnage the same on planet Vulcan as here on earth. I remember going to the Planetarium and found out I weighed only 50 lbs on the moon. Logic my friend. PS can you teach me how to italicize the heading.
Does Yaron Ezrachi own any shares? Are you a Shiite or a Sunni? LOL
How many shares are outstanding? What is the market cap? Who are the insiders. Do any institutions own the company. Did you get the cool photos from the website and what it it? How many shares do you own? Did the private placement blindside you? Do you speak to management? Where can I get financials?Why is thye stock at a almost 52 week low if things are good?
Are you having an orgasm. LOL. The Kimberlite club ia now opening and I am client # 10.
Never said anything about a wager. I am passing only because I do not play any thinly traded stocks anymore since it is too difficult to build or divest a sizeable position. If you look at the Bear Stearns fiasco where a company ,worth 20 billion at its 52 week peak ,is sold for 250 million ,you will not be so smug. Dont even know what the mineral they have is. I think I have made love to a kimberlite when I was on the west coast. :) Touchy touchy. Touche
looks like a possible economic disaster. Gold will go nuts maybe $2000 this year. Know any cheap companies trading under a penny that may have gold.???? are youi really a prisoner...Are you the prisoner of Zenda. Must be in a fed pen where the mates get internet
The convertible debt deal looks preety sweet to me. Low interest rate and a reasonable price fot those opting to convert to shares. With the additional silver to be produced, it seem like a safe bet this stock will be much higher next year at this time.
Actually the mining commenced on time considering they were starting from ground zero. In reading your informative posts, it seems the pile of rocks are located near your cerebellum. The rocks to which you refer is hopefully valuable ore which will be extracted after processing.
There will be a new letter this week and a major report in 2 weeeks that may change the momentum back to positive especially if gold and silver continue to rise. I would also like to see NY BOB and FA update the website to reflect the emergence of Dunn and Petty as major corporatate exexs and the demise of Malgerjero as on officer. Many of the postings are outdated and no longer applicable for new investors who want to do some due diligence here.
Beside trading on the venture exchange sola resources, your main play, which mines kimberlite, trades on the pinks as solaf.pk. I can find no sec filings and no listing for market cap or outstanding shares. It is very thinly traded here in the US with average volume of 2000 shares a day which at its current .26 close is around $500 total dollar volume. It is also diluting and recently raised money in a private placement for a share and a warrant exercisable at .50 which expires in 18 months. I wonder if you got a piece of the private placement and if the shares are unrestricted so that the buyers can sell and still ahve a hedge with the options. The information available is so sparse and it is so thinly traded that it would be difficlt to play. FMNJ by comparison has given shareholders constant news of its activities and has set forth a business plan. Where can I get info on this play and why are you involved. It is trading at the bottom of its range, as most stocks are, so what is the future. What is kimberlite. Isn't that Eliot Spitzers disription of his girlfriend.
Let me know when you go All In. Try to do it before the fact so we can pay you props. My daddy is 85 years old and got slaughtered in TMA, Thornburg mortgage, whose CEO bought a million shares at $10 since they had no subprime problem. The smartest guys around are getting killed in this market. If you threw a dart at a stock list and bet down and shorted the hit a few months ago, you would look real smart now. Give me a break. Don't you get it yet. In a bear market all the stocks go down. Even the companies that are supposed to be recession plays like the drugs stocks like merck are getting kiled. Why don't you and your friend tell us what stocks you are playing and making money in this market. Don't forget to tell me idf my speeling is off.
Pseudagreen. My daddy has an expression that has served me well: Never take investment advice from someone who is not richer than you are. Sorry about the age discepancy between you and your friend. Go play golf with your son...the public courses are now open. The bag I am holding may someday be filled with gold. Since you are half a century in age, you should realize that the fat lady has not yet sung. How do you spell Schadenfreude. Put your E wherever it is comfortable. Hope you are around if the stock takes off so we can all admire you are your friends financial acumen.
You guys are starting to get a little Brokeback Mountain on us. Since you are the same age and have the same psudolosophy, maybe you can meet and discuss the large amount of outstanding shares, which you repeat ad nauseum, over a cuppa java. Looking foward to reading and rereading your most informative posts. Maybe Trueheart could suggest a name change. I kind of like Sortachild and Financialdisaster. You think maybe the pictures of the mine are made up too? LOL. Can't wait for your next call which will be made after the fact. Oh I heard you shorted Bear Stearns and now starting a new Mad Money show.
World banksters or world gangsters. I think we all see how tenuous the banking house of cards is now. Citigroup needs the sleazebag Abu Dabais to survive. Bearn Steans' head goes on msnbc and announces no problems and the stock loses 15 billion in market cap. Houston we have a problem. FMNJ may be the only legit company left. The world banks and Chase are this generations Rothschilds. Any stocks look good to you now Prof? Btw did Penthouse or Playboy ever put a basher on its cover. Nah. Maybe you can make the cove rot the street.com
Interesting name in this market environment with Bear Stearns about to go belly up. Remember the movie where the Rothschilds saved the English stockmarket by buying during the collapse in the 1800s assuring the survival of the the Anglos.
Voz man. There is much inaccuracy and confusion in your post. If you go to the otcbb site you can obtain the total volume of shares bought and sold over a multiple month period. There are approx. 20 trading days in a month. If the stock trades 10 million shares on an average day the monthly volume would be 200 million. Most of the authorized shares you would like the company to use for money have already been sold to investors like me and you. You can also find the outstanding shares if you do a little due diligence. Try to find out what the need and cost of the equipment is. Find out how much the processing plant will cost to buy and refurbish. How much do the miners make and how many are there now. What is the salary of key personnel like Dr Arancibia and Mr. Dunn and Petty. The posters who are confusing you post the same old same old continually about the outstanding shares. If you look at the market cap ask yopurself if 19 million of so is reasonable for a company that may have some sieable rights to mine silver, lead, zinc and maybe gold, whicjh I hear is quite expensive lately. If you do some of the above and don't like what you learn, you should sell. In any event, please report back to us on what you think we should do now.The next piece of information will be Dunns assessment of the silver and other minerals and metals at the Escala. I am cautious since Dunn is paid by the company and is not as valuable as an independent assessment would be. Also, still want to kmow why all that hard rock is laying around and being added to without any processing. Gee I love this board for its informative posters. Especially those with little or no position trying to help out the investors here."Michael we are bigger than US steel"
I agree with those who believe the company is selling shares here to an informed buyer. If anyone has level 2, they can probaly confirm since MM gblt is usually the agent or culprit depending on your view point. This money is hopefully going to be used for the additional equipment needed to open the new adits and maybe buy a big freakin truck to get the piggies in the ore to the processing market. I would expect that Monday or Tuesday, Dunn will issue his first wrtiten report on his findings. I noticed the symbols Ag and Pb posted on his memo to the company. If my peropdic table is still intact, I believe we would like to see the symbol Au mentioned. If the financials fail, the mining and metal companies may be considered a safe haven.
Who can blame you. Its tough out there for everyone as the world seems to be in trouble.
Apex mining SIL up sharply from its low on financials reported today. There should be some panicky headlines as gold breaks $1000. Mining shares should shine IMO.