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Vozmil. The photos are reassuring that mining is underway. Furtermore, I just noticed that Dr. Arancibia was having dinner with ONE of the crews according to the caption. I wonder how may miners or crews are currently working at the site. Good to see also that management appears to be taking a hands on approach. If the company makes money, the shareholders will strive. A little good news and there can be a breakout soon.
In fact the company has plenty to show for the issuance of shares that irks you so. The miners, equipment, contracts administrative expenses, accountants, and attorneys all have to be paid to run a company. Your assumptions as to what trading strategy I used are fallacious and not germane. Be a man and make a call to buy, sell or hold now with the stock at .007. If you think you did well in trading this stock, tell us, your loyalfollowers ,what you recommend now. If the mine is a scam, and all the company has is worhless paper, this must be a preety good price to sell, no? Show everyone how precient you are. Give us the financial advice MR. Financial Advisor. Advise me but please do not drink my milkshake.
Psst, I have news for you Mr. Moderator. The company now has produced a product and will soon have revenues. I think most here have your number. Obviously no progress will please you as your desire is that the company fail. How sad for a nonshareholder to be so vindictive and counterproductive. It seems that you want to warn future investors to stay away from a company that has just gone from a startup to a actual mining company. You are losing it my friend.
Really. I am bitter that the company has become real and the stock is climbing? It's just that people who opine when they have no position are suspect as having an agenda. Bitter NO, I happen to believe in the company. O fair and balanced one, please give us the basis for saying the press releases are pre planned. (Psst think Ron Paul should be on the board?) Too bad you feel innuendo is a better device then intelligent discussions of positions. I thought that was your manifesto. Next time you moderate a board , try a company you beleive in.
Apparently you do not get the concept that the money obtained from shares to be sold are to be used for corporate purposes and add to shareholder value if the projects are successful. If you do not believe that management is developing a mining company and think you are being scammed,like your friends, sorta, a 23 yrar old who has a big $900 investment and the esteemed moderator, who owns not a single share and is waiting for a .0001 price, you should get out now that the stock has doubled off its low. For a few months you amusingly, ad nauseum, chastised the company for the feailure to commence mining. Now you are becomoing as boorish as Ralph Nader and as credible as your friends Ron Paul anacronisms.
I agree and think that is why Petty has arranged for bankers to visit in the near future, perhaps as early as this week. If they are going to provide the capital to complete the purchase of the mine, they probably want to see its condition first hand as well as get an estimate of the amount of metals the company hopes to process. As for the question of whether of not to relocate the mine, I'm not sure what is best for shareholders. If they decide to relocate and ship the mine the 70 kms to Escala there will be a down period in processing and achieving income until the plant is rebuilt. However, if the financing guys give them enough money, the will not need immediate cash to continue the buildup at Escala and start to get Cerro Rico ready for mining.In any event, once the market sees that the company is getting backing, I believe the street will take notice and shareholders will be happy.
The last 2 letters dated feb8 and feb 18 gives some insight as to possible significant events in the buiding of the value of the corporation. The financials for the last 3 quarters if 2007 will soon be released. While the numbers will undoubtably not impress, it is important that filings are current so the company qualifies to move up to a better trading stock exchange. The large outstanding share issue, so toubling to many posters here, has been addressed and fear of a imminent reverse split has been allayed. THe missing element to having a profitable company is the cash reserves required to develop its mining and gtl projects. To that end, Petty has stated that a due diligence visit with investment bankers is scheduled for late feb- esrly march to apparenetly finance the plant that the company needs to process the ore, and to facilttitate decision as to whether the plant should be moved to Escala. I am guessing that the results of the amount of gold, silver, copper, lead and zinc will be crucial in resoving this issue. The recent incresed stock volume, both here and in Germany, shows that the company is drawing interest with new investors. The chart looks like the momentum has become positive. Just my thought on a cloudy weekend for whatever it is worth. GLTA
at .003 less then a month ago you saw a possible drop to .001. Now you worry about filling the .006 gap. Usually the trend is your friend. If this company becomes a viable mining company with cash flow and financing, it will not matter if a person paid .003 or .01 for their shares.The timing for mining now seems preety good with silver near $18 and gold approaching the $1000 pschological barrier that is sure to bring major headlines worldwide and interest in even tiny mining companies. Like the internet, telecommunicatios and human genome bubbles, this may be the next place the fast money investors run. The question to answer is whether the current upward bias comes from accumulation by investors who have a handle on the company's prospects , figuratively and literally. If you fine tune it too much you can miss the big move, if and when it comes.
The timing and the issuing of the results of the proceesed tons will be nesessary, obviously, for any meaningful income estimates. The issues of :what proceesing plant will be used; the status of the plant purchase; the amount of ore processed daily; are some of the questions I would like to see answered. I hope they first process the freshly mined stuff shown after blasting than the recoverd ore left behind in the tunnels by the prior operator. It was comforting to see a photo of sparkling ore waiting in the tunnel. Hope its not fools gold. The picture continues to unfold . Stay tuned.
Interesting but what a phony market these guys have. Only 100 shares on the offer and they sell 1.5 million at the ask. The mm screens at the pink sheets are very often misleading and have no hnor as a rule.. OTC bb is not much better. Can't wait till company is listed on NYSE. lol
Its all about a company's honesty. For an example of a gold mining venture gone sour take a look at aurc a mining company processing tailings for gold in Russia. Stock at 10 cent level when a reporter for a mining mag qusetioned their ownership. Stock recovering today as after shares fell to a penny. Company to release proof of ownership next week. Plenty of questionable people in this industy and no way to determine whether you have a pig in a poke. The most important thing is the management in my opinion. If Petty is a good and honest executive and the assets are real, the company will flourish. You cant make gold out of a sows ear.
we find that these truths are self evident.. All investors are created equal. Its the timing that makes the difference my friend.... Even if you bought the stock at the wrong time originally, you still had a chance to buy when the stock sold off. Not so sure those that are buying at .007 will be doing ok but surely the business development has improved with the start of mining. You may feel I am using rose colored glasses but maybe they are giving a true view of the company.
your name is an oxymoron. We shall soon see how astute you are methinks. I ask you again opportunist... Deal or no deal. Stock is going much higher in my opinion
Many of these indicators are lagging and adjust if momentum stays firm. Look at the Bollinger bands that show the stock is overbought but in a few days the upward band adjusts so the stock stays within the range. Prices look firm here to me pending a possible beakout. They never ring a bell my friend.
Even accepting arguendo your interpretation of what has happened in the past, what would it take to convince you that this is a viable mining company. When you decided to start this board a few years ago, wasn't that what you hoped this company would become Now I'm interested in you psyche? Haven't I encouraged you to buy at these low levels in the past? Innuendo does not become you.
Can my friends who have level 2 post an update. Looks like the stock nis ready to resume a upward move. The late bloomers feel they can get in at a retracement. Probably not. Is glbt, the deaded ones on the B/A?
You are blowing up before the boards eyes. Did not mean to upset you and I understand your angst. As Bill said, I feel your pain. Tell us what you think about htis company successfully mining the Escala and making money in gold or silver. Do you have any evidence to suggest this is not a great business deal. Are the news reports of mining and then processing the ore false in your opinion.
But if you could POSSIBLY be wrong oh great one and the stock far exceeds the current overpriced level of 7/10s of a penny , and your avid minions follow your guidance and SELL here, do you think you would makke the IH Hall of SHAME? Do tell us the downside of a comapny that has now proven they have stared mining and production. BTW are you following sil which is having success in Bolivia.?
Hello sorta. a nickel is 7 times the current price of .007, that is 700% from here. if you truly believe that , should you add another 1000 dollars and buy another 100 k shares. At a nickel you would be a happy camper
Yep. here to make money on a great investment . Not pontificate. sorry you cant say the same thing.
Such cynicism. Obviously if the company is going to sell shares to raise money for corporate purposes , they would like the stock to be much higher. Duh. Your insinuation that these are PLANNED releases ,again without proof, is ill behoved conduct by a person who is moderating a message board. Funny how there has been not one positive comment by you about the startup at Escala. Doesn't fmnj get credit for anything they do Senor Fair and Balanced? Some here may say your postings are planned postings as they seem to appear when the momentum of this stoclk turns positive.If this becomes a REAL mining company, will you be happy for those who believed? Rhetorical question.
THe results of the mineral content will be released after the completion of the first months processing acording to Petty. The last two announcements regarding gold and silver content reveals that the company believes the numbers will surpass the Auspac numbers assayes in the 1995. If true, this will be major news since it would generate enthusiasm in both investors and financiers. The photos on the website are worth a thousand words. But, like they say: actions speak a lot louder than words. If the company can produce and become a mining force, this will be a good stock to own long term. Crazier things have happened. The Escala deal looks damn good so far.
post 2001 . a space odyssey.
My impression of this ceo is that he will start to reveal processing results and sales figures before the fall season. Do you have any information to indicate that we have to wait for filings ? Many comapies properly give guidance as to sales and future income.
Mart- Thanks for the heads up. I am most impressed by the photos of Dr. Arancibia dining with 5 crew members indicatayive of the kind of hands on management a successful company needs. Reminds me of the early days in exploring for oil in the US as depicted in the movie There Will Be Blood. Great flick and acting by Daniel Day Lewis, a sure fire oscar candidate.Just think, every time there is a KABOOM at Escala, 7 tons of ore become availablefor processing. Can't wait to hear early cash flow numbers.
This newletter should allay the fears and the baseless accusations of misappropriation of corporate funds suggested by some posters. The stock price is again up in Frankfort with share volume at 12 million and a stock price of .006 euros or .009 US. I think that the company may have found a investor who is using the foreign market to purchase shares from the treasury. This makes the sale less disruptive of trading on the US exchange. The financials for 2007 have been completed and Petty states that 2008 will the one thing every investor hopes for....Income and profits. The one ingredient missing for this stock to reach a more reasonable market valuation and cap is a financing deal for either the gtl and/or the mining projects. I also look foward to reports about the processing of the ore mined thus far . The decisions for investors, both new and old, to buy more, sell or hold have been made clearer. If this is the year the company finally gets off the pinks, the stock price can be substantially higher this year. This is my opinion and ,of course, others can, and I am sure will, differ from this view. Oh, by the way in case anyone misssed it ..NO REVERSE SPLIT.
Heading to a penny you say. Assuming arguendo that you are correct, what would you recommend. Sell and take profits at aopenny or hold. Do you suffer from bi penny disorder? Sit on a fence and you may be impaled in a very uncomfortable position. I think we can have a quick 4 bagger from the penny level. Deliver the letter, the sooner the better. I think this is only the beginning.
two million shares traded in frankfort all at .005 euros so we are now at parity with the close being equal to $.0074 in US. As gold continues to spike there was a corresponding up move by cde and sil.Sharehoders will be rewarded big time if the company is being truthful about its business plan and reserves.
Not a bad day with 11 milion traded between .007-.0075. The forthcoming letter may lead to more clarity as to the current production schedule and status of financing. Once the stock gets above a penny, there appears to be little upside resistance for a nice move.
I hope that petty will be able to update current production and maybe give more insight on the potential reserves. I also wonder if the invvestnment bankers are going to travel to Bolivia to do a final DD and whether Petty will attend. I still believe that financing now will enable the company to so some hevey lifting of ore in the near future. Also need a status on the processing plant.
Looks like a big overhang of shares on the ask. Question is whether the seller is finished at that level he is taken out.I don't get level 2. can you give me some current gidance viz a viz mms
The company has commented on the old assay and I believe Petty has stated in his letter that it cannot be fully relied upon. I understand that the amount of gold in each ton is paramount to determine the economic vialilty mine. We should here more projections as the mining operation gears up.
The interesting aspect of this announcement is that it projects gold reserves of tweny to thirty thousand ounces of gold in the phase 1 explaoration. At present world prices, this would represent a value of $18-27 million adding significant cash flow to the comapny coffers. Obviously this is a very sifgnificant accomplishment if the projections are proven accurate. It may also reperent significant collateral for the company to obtain financing for the development of the Potosi peoject. I am sceptical until the comapny reports gold is actually being successfully mined and they can report assays of the amount of gold per tonnage of ore.That being said, for those who believe the story, the stock appears to be a great buy for speculators while still below a penny.
another 6 million shares traded Monday in frankfort all at .oo5 euros. It will not take much to push this to above a penny again. things will be getting interesting soon I think .
lol. sorry if I hurt your feelings. rock on bro.
and you are down by $4OO -50O on your $900 investment. Go play with someone else. you are a lightweight. god bless.
Yes I do have a brain. Insiders do not enrich themselves by issuing and then taking the shares. Maybe I read a different eco 101 textbook. btw Notice how 101 looks like lol? It is entirely proper for a company to sell newly issued shares for corporate purposes. Surely you are not intentionally looking to mislead people. Enjoy the rest of the day.
The shareholders are the company if it is public. Again you are making allegations of distribution of shares to insiders and consultants not backed up by any filing. Please show me some proof that what you say is true. Since I own a part of this company, and you do not, your unsupported statements of mismanagement affect me as well as how others view this company. Surely you agree that a moderator of a board should not engage in innuendo or mislead others with unproven accusations.
Do you really believe that when this company increases the outstanding shares ,they give those shares to insiders gratis?Since you are so proficient at finding web sites for information, please direct us to the one that shows Bill Petty, or others, have recently increased their ownership by issuing stock option or stock bonuses to themselves. In fact, as you know, an increase in shares decreases the percentages held by all shareholers including insiders. Further, please give me a name of a mining company that is actaully operating a mine which has a market cap of 15 million. Please advise how profitable sil is with only a 700 million cap .Do you think that Franklin stock will apprecaiate next week or are you still looking to get in when it hits .0001. Finally, if I reach a 150 million share position, or %5 of the O/S, I shall file the necessary form to identify myself as a insider.