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$5 + makes goro marginable again.
Yea, the 500bpd is now 3 months past announced anticipated production upgrade date (end of first Q).
NOT A GOOD SIGN.... If they where producing 500 bpd they would have announced it.
Yep, and now running about 3 weeks behind schedule regarding scale up to 500 BPD.
Ref news release dated appx Jan 19, 2016 (see below)
"3. Scale-up of MCW's 250 bbl/day plant in Utah. MCW's first extraction plant, in production mode since October, 2015, is undergoing a scale-up program in order to increase capacity of this plant to an anticipated 500 bbl/day. The Company had the foresight to install some key components that would facilitate higher capacities when the unit was first completed. The final stages of this scale-up project are now being completed in order to increase processing capacities, improve extraction time efficiencies, and more efficient separation systems. (Please see our Press Release dated December 16th, 2015, "MCW Reports On Capacity Augmentation Program...." for more details). It is anticipated that this program will be completed by the end of Q1-2016."
Nothing but news regarding more borrowing and no update regarding 500BPD...
doinit, please read the last loan extension agreement. 1 yr extension with absolutely rediculous conditions. It is not even remotely possible for the company to pay off this loan on time. But will likely get another extension that will keep all fresh blood drained from the company!!!!!
Full disclosure, I am a small shareholder, but dont expect to see much of anything in the way of returns. All profit is going to be siphoned off into lenders bank accounts. And they even get free shares just for renewing the loan!!!
Toxic lender & slow progress with increased oil output. Mostly toxic lender tho.
If you get news, it will probably be more toxic financing
Did you inadvertently transpose the numbers when you posted this??
2017?? shld it probably be 7201!!!
LOL, "shooting star" relative to NBRI is the same as watching your money turn to solar dust!! That's all you will have left of an investment in this Leo scam!!!
LOL, the stock price will probably REALLY crater now!!!!!!!!!!!!
Yes, followed up by neg. volume today. Is the toxic lender finished dumping??
I poked this miner with a very short stick (not very scared of waking it up thus no need for a long stick), and determined that it's dead and rotting. When I punctured the hide, nothing but millions of worthless stock certs. came floating out. I'll re visit him in about 50 years.
homework on this one is a COMPLETE waste of time. The trend is youre friend is all you need to know
Yes, the ruby is worth about as much as this mornings opening trade. 36 shares at .0001 = .0036 cents
Bought a few starters yesterday at .664
Technicals that I use showed around 99.5% oversold.
Will add if upward momentum develops..
Well, it's in cash right now. So I hope it is. But I don't know what the fine print says.
A have read that at least one fx broker has had to shut down ops. due to a lack of capital to cover. FXCM is still open this morning. So think maybe the (to big to fail) will come into play.
FXCM crashing hard pre market this morning.
Article this morning.
FXCM Plunges As Client Debt Mounts On Swiss Decision at Investor's Business Daily(Fri 8:53AM EST)
Wow, hope it's because they where trading against my position!!!!!! Ha
Yes it has. But for me, patience paid off once again. I had the U/CHF short, and was out of the money big untill yesterday. Made BIG pips on the move. My thinking all along was that with the world political situation as it stands, the world govt's with any clout will not let their currency's get to extremes. Want to propagandize the avg. joe into thinking things are just fine!!! HA.
FXCM went from $20 per mini. to $200 yesterday. I made a scalp trade long the dollar & the $200 margin showed up. Fortunately, the trade quickly went profitable & I got out.
Looks like they have plenty of resourses left to drill.
Maybe the typical monday sell off is finally finished. Thinking that (maybe)Hothschild has finally completed their share sell out.
That's been the driver here for a long time.
Gotta like this company. Great fundamentals, relative to most of the mining sector stocks. And it's plenty cheap enough down here.
1 for 200 split, then back to .0001 & no bid...
bid .0000 ask .0001
Regards & happy new year to you also sir. Maybe I will be wrong about my opinion regarding sglb. But I prefer to play it "safer".
goro bac tnk on buying opportunitys.
stkjunky
Sorry jpi, I put "0" trust in others "speculation". Zacks is just a stock selling enterprise for the big money sellers.
Seen lots of similar penny stock chart patterns before. And it's really rare for one to reverse and move appreciably higher.
The world economy is basically in a deflationary pattern, and that does not bode well for expensive, hi tech technology going into & thru 2015.
Thanks for leaving the door open. Now my 2 cents worth.
Been watching & trading a little here, but now not liking what I see.
dec 30 2013 to sept 30 2014, float increased by appx 55 Million shares.
Lots of differed compensation to pay back.
declining stock price in spite of good news for the last several months.
Sorry people, but stock price is KING, and the trend is now solidly DOWN.
Keep your hard earned money safe. Not in sglb.
" fall shareholder party " was changed at the last minute to a VC party with everything personnaly supplied by LEO.
Most likely it's 60 kilometers from a very large hard rock, that will require a tunnel boring machine to cut thru it..
VC activity today may be a little slow. Rumor has it that they are holding a vuture party today at the ole hole in the ground. Of course, it's paid for by the common shareholders. Caviar, petite filet's, all of the finest wines & hard liquor funished by Leo. His thanks to them for his salary.
Yup, and next significant technical event also. .00001
.0001's now present on the bid. Chance to pick up more cheapie's for you die hard longs!!!
That (60" away) statement corrilates well with leo's time frames.
60" actually can mean 60 kilometers.
Since leo can not calculate time frames very well, why would anyone be able to expect him to be any better with distance calculations...
Well, it's not going to be gold today for a jump start..
Down another $24 @ $1145 this morning.
I have support for goro at $3.50 + Williams %R will be 100% over sold (daily). And with gold in the tank this morning, it will likely test this area between 3.50 & 3.60 today. If it breaks 3.50 I will be running for the hills.
After $3.50 (if it breaks) is the next really strong support level at down around $2.05 Yea, I know, hard to believe.
Well, who really knows. But it's getting pretty cheap again. May re-test low around 3.55-3.60 area. I loaded up in that range last time.
Bought a few yesterday. But looks like I should have waited. Will add around 3.60
Big volume today. Hopefully, Hothschild is blowing out the rest of their shares!!!! They should be close now.
" and concerned about dilution, but this is the reason we came,".
I hear ya. LEO's highly profitable dilution machine...
RGI will =
R igged
G old
I nvestment
Yes... Now just wait for RGI spinoff & spring!!!!!!!!
R igged
G old
I nvestment
COMMING TO N o
B ang
R eally
I ntended shareholders party
Care & maintenance, HAR.
That will likely equate to someting like this, knowing Leopolds track record.
10,000 gal of water entering mine daily.. WELL, if we pump 10k weekly, and if the water stops flowing within 6-8 weeks, we will be able to resume mining within 6-8 months. Of course, some more re-hab. will then be required, that should only take another additional 6-8 weeks to complete.
Yea right, orefinder. Ha, the only gold that's dropping for (No Bang Really Intended), is from the banner at the top of the page....
No, not now stargate!! Took my risk last night, and got stopped out this morning.
"mindless trends" good advice SG. Well, A/U busted my stop loss, but did manage to get out at a (better than stop loss price).
Setting back now, likely untill next week.
Sorry BMU, that's one that I just dumped from my watch list. Been watching it decline for several months now. Their gonna have to cure ebola on someone elses dime... Not mine.
Very interesting sdcaalan.... Never thought of looking at it this way.