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cool... i think we double bottom now...
BDGR heading north!!! weeeeeeeeeee
ask getting nice hits on BDGR...vol picking up!! .0016x.0017 last .0017 bottom play
BDGR on bouncing mode .0016x.0017 last .0017
BDGR bouncing from yesterday's low .0016x.0017 last .0017 now ;)
I'm reading other board msgs about BDGR and i can understand why pps is so low now... bashing everywhere and unfortunately weak hands are playing the game.
I see all kind of talks and I DO NOT believe in dilution or increase in A/S..
Shares maxed out? Possible, but i dont think BDGR would be increasing A/S if they want to sell the company.
Yes, I do see a huge manipulation from shorters to bring the pps down but at the same time, i see a good trade vol.
The AVG vol is around 20 mil shares a day and we are trading over 40 mil the past few days. The question is: Longs will have patience and cold blood to hold positions until shorters start to cover and some better news come?
Short sale vol for BDGR today:
20100224|BDGR|20011447|88522614|O
OVER 20mil shares shorted again!! They will need to cover!!! hang on!!
I think we have our double bottom... If it opens higher can be good for longs http://stockcharts.com/h-sc/ui?s=BDGR&p=D&yr=1&mn=0&dy=0&id=p15736151412
Looking at the way it sunk to .0015 looks like was MM getting all the stops plus some weak hands to get more shares... remember, BDGR was heavily shorted past few weeks (you can find the short sells at "shorters exposed board). The pps came back up very easy on the last few minutes before close. I grabbed some more at .0015 and .0016 and let's see how pps behave tomorrow. GLTA
BDGR news out!! Black Dragon is Entertaining a Potential Buyer
Feb 24, 2010 12:42:00 PM
OIL CITY, La., Feb. 24, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO, Mr. Scott D. Smith, announced today that he has been in discussion with another company to purchase BDGR. At this time we are only in preliminary discussion. Mr. Smith also stated that year end financials have finally been sent to council. By getting our financials current and updating our disclosure statement, Mr. Smith hopes to have "Green Light Status" restored to the company's Pink Sheets profile soon.
The 1st Humble well was perforated on Monday, showing great gas pressure. With this show of gas, the company is hopeful that future overhead costs will be reduced once the project reaches its tertiary recovery phase by alleviating cost of powering the boiler by alternative means. The remaining wells will be completed aggressively over the coming weeks. Additional investment projects are being reviewed by the board and all offers are being considered.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
BDGR news out!! Black Dragon is Entertaining a Potential Buyer
Feb 24, 2010 12:42:00 PM
OIL CITY, La., Feb. 24, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO, Mr. Scott D. Smith, announced today that he has been in discussion with another company to purchase BDGR. At this time we are only in preliminary discussion. Mr. Smith also stated that year end financials have finally been sent to council. By getting our financials current and updating our disclosure statement, Mr. Smith hopes to have "Green Light Status" restored to the company's Pink Sheets profile soon.
The 1st Humble well was perforated on Monday, showing great gas pressure. With this show of gas, the company is hopeful that future overhead costs will be reduced once the project reaches its tertiary recovery phase by alleviating cost of powering the boiler by alternative means. The remaining wells will be completed aggressively over the coming weeks. Additional investment projects are being reviewed by the board and all offers are being considered.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
Let's squeeze this shorters. I'm hitting the ask!!
I have my buy at .0021... another 1mil ;)
today's short sell for BDGR
20100222|BDGR|3782000|12204963|O
http://regsho.finra.org/FORFshvol20100222.txt
Just for chill, Do you think this guy can get there?? http://bit.ly/dgXEKt
Every time anyone does this kind of allegations, the same must be followed by a link where we can find the info.... Let's try to keep this board free of false info. In case it is true, just post a link to prove your statement. THX
Link Please....
Good Morning... Let's see if we get some good news today again ;)
This is not gonna be this way for too long... i added few more as well and i think we are sitting on a time bomb... can go either way but when it goes, will be big..
Someone is trying really hard to hold the pps low....
I agree and according to last PR, they should be having a meeting this week about production, wells, etc... I hope we have some good news soon
Mick, I love all this discussion here, that just shows interest on BDGR. Soon this will payoff ;)
PV10 – When used with respect to oil and gas reserves, PV10 means the estimated future gross revenue to be generated from the production of proved reserves, net of estimated production and future development costs, using prices and costs in effect at the determination date, without giving effect to non-property related expenses such as general and administrative expenses, debt service and future income tax expense or to depreciation, depletion and amortization, discounted using an annual discount rate of 10%.
As the basis for calculation of PV10, reservoir engineers develop a reserve report for each existing well, whether producing or shut-in, and for each proved undeveloped well location. The reserve report takes into account:
(i) current rate of production (or estimated initial rate of production of a proved undeveloped location);
(ii) the rate at which production, assuming no further reserve additions, is expected to decline;
(iii) future production costs unique to each well;
(iv) development costs associated with the proved undeveloped reserves; and
(v) any production taxes that must be paid. To calculate the estimated future gross revenue to be generated from the production of proved reserves, engineers must apply an expected price to be received from the sale of such production. Such expected price typically equals the price in effect at the determination date either held flat or escalated at some appropriate rate.
BDGR shares structure per September 2009 (SEC filing)
*
Estimated Market Cap
$1,053,254 as of Feb 5, 2010
*
Outstanding Shares
363,191,051 as of Sept 30, 2009
*
Authorized Shares
500,000,000 as of Sept 30, 2009
*
Float(shares)
351,456,860 as of Sept 30, 2009
*
Number of Shareholders of Record
2,300 as of Sept 30, 2009
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=bdgr#getCompanyInfo
Mick, looks like BDGR wants to turn his fate around and start to go in the right direction. $1.1 mil revenue is impressive for a pink company and hopefully the mgmt issues are being addressed in a proper way.
If we look at other pinkies, we are in a very good position (profitable company, less then 500 mil O/S ).
Hopefully more good news will come from next week meeting and we can see the pps going to a fair value ($.05 minimum IMO).
UP is the only way to go and is better slowly and steady grow on pps than a crazy spike follow by a hard fall.
JMHO
GLTA
Press Release Source: Black Dragon Resource Companies, Inc. On Friday February 5, 2010, 2:02 pm
OIL CITY, La., Feb. 5, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR - News) Chairman and CEO, Mr. Scott D. Smith announced today that Dragon will be filing the year end financials for 2009. Mr. Smith stated that despite all the changes in management and inclement weather experienced in our primary region of operation, Dragon was still able to show $1,100,000.00 in revenues and a profit of over $100,000.00. Mr. Smith went on to say that the board of director's goal for 2010 is to dramatically increase the oil and gas revenues by seeking additional properties for exploration and sound investment opportunities such as the Humble Salt Dome Project, in which Black Dragon has successfully increased its investment to 16%.Â
Mr. Smith stated that drilling of the fourth well has been completed in Humble, and that the well logs boast excellent hydrocarbon indications. A meeting will be held early next week to review completion plans for the four wells that have been drilled and to calculate the location of the fifth well which will eventually become the injection well for tertiary recovery purposes. Revenues should flow to the Company in the second quarter of this year.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells some to deeper levels and to purchase additional leases.
Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Black Dragon Resource Companies, Inc.Scott D. Smith318-995-0404scott@black-dragonoil.comwww.black-dragonoil.com
Added some BDGR friday at .0024 and i believe is too undervalueted. less than 500 mil shares with $1.1 mil revenue and trading now at .0029? way too cheap!! look at BIEL with over 1bil shares and no revenue went up to .10 !! Just a matter of time to traders pay more attention to BDGR and we will be trading way over .05!!
JMHO
GLTA
BDGR taking off now .0026x.0027
Added some BDGR .... news just out!!
TNRI grabbed few at .0001 I agree easy $$$
TNRI 1 left at .0001 ...good to go
TNRI i think we can make some $$$ from here
TNRI .0001x.0001 nice oportunnity for a flip
TNRI vol picking up guys!! nice flip here
TNRI vol picking up guys!! nice flip here
TNRI vol picking up guys!! nice flip here
TNRI vol picking up... nice LOTTO
play IMO
TNRI vol picking up... nice LOTTO play IMO
TNRI .0001x.0002 adding more here... rumor of more good news to come early next week.... can be a nice 2 or 3 bagger from here.
Lotto play
GLTA
TNRI .0001x.0002 adding more here... rumor of more good news to come early next week.... can be a nice 2 or 3 bagger from here.
Lotto play
GLTA