I am sorry for your losses, man. My heart goes out to you. I hate scammers! Rest assure God will take vengence on all cheaters, liars, and scammers. If man made systems can not punish these criminals, God in the end will take vengence. In the meanwhile take comfort in the strong tower of the Almighty God - trust Jesus and everything will be alright at the end. Keep your head high and your heart filled with praise for God and He will lift up your spirit. Then you will see that it is not so bad. Keep on going, everything will be alright in the end!
My How Much it has dropped!
It is too bad this stock has dropped so much from $2+ only several months ago to sub $1. My guess is investors are leaving the Chinese RTO stocks in light of the recent Muddywater expose / attacks on them.
Hope Muddy will not come to LPH. But you never know!
I beg to differ that MW only attacks "real frauds" - there have been a number of companies they attack which are not fraud. If MW were not allowed to short companies that they write about, they would not be attacking companies based on un-proven evidence.
I do not applaud any short company. As far as I'm concern, SEC should ban short practices!
or at the very least curve the practice of companies that defame another for personal gain - shorting!
I think it will be a matter of time before MW attacks LPH. If LPH reaches $5 or greater, watch out!, it will be in MW's radar!
In the meanwhile, LPH should do all it can to prevent / make difficult for MW to attack.
Video Tour & Muddy Water
Good move by Dave Gentry and LPH to do the video tour. They should explore all possible avenues to block / prevent attacks from shorts such as Muddy Water and others. Any piece of evidence, whether real or just a rumour, Muddy Water et.al. will jump all over it. I wonder when Muddy Water will target LPH? I think it will be just a matter of time since LPH came to listing the same way: RTO.
Remember Oriental Paper? It also did a video tour and interview with CEO but they didn't stop Muddy Water from attacking it. And look where Oriental paper is now?
If Muddy Water does attack, it might be a good time to buy in.
3D-Video of AMY from Resource Intelligence:
not sure if you've seen this already; if not, here it is. It is quite interesting to watch this short video:
Ken Riser's Comments: KR: Well there are large conglomerate companies in the world such as BHP, the mines in South Africa, there are smaller producers in Australia, and there is one near term potential producer in the US. It has a long life and it seems to have the criteria for the economics. If I was an investor I would be looking at a low-cost North American project because we need a domestic supply of manganese. Everything else comes by ship and it’s a big ocean to cross.
there is one near term potential producer in the US.
is he referring to AMY???
AAA on Financial Post:
.Allana Potash surges on drill results
Comments Twitter LinkedIn Email .Jonathan Ratner March 7, 2011 – 1:17 pm
Allana Potash Corp. shares rose as much as 15% to $1.92 in morning trading Monday after the company reported strong drilling results.
Allana, which is focused on the exploration and development of the Danakil Depression in Ethiopia, drilled to test the southern unexplored limits of its concessions.
The drill hole intersected a 1 metre zone of 44.5% potassium chloride (KCI), which would represent the highest concentration of potash Allana has struck to date, Dundee Capital Markets analyst Richard Kelertas told clients.
“While not particularly thick, the shallowness of the resource (at less than 120m deep) would be extremely suitable for open pit mining, which the company is considering pursuing and on which we have based our NAV,” he said.
The analyst’s net asset value is $2.83 and he has a Buy rating and $2.50 price target on Allana shares.
He said these excellent results of drill hole #11 support the view that Allana is sitting on a potash resource far bigger than its current NI 43-101 resource estimate would suggest.
“Given its position along the southern edge of Allana’s concession, this hole could very well help expand and delineate Allana’s potash resource to the South considerably,” Mr. Kelertas said.
Allana is his top pick in the junior potash space.
.Posted in: Mining, Trading Desk Tags: Allana Potash, drill results, Ethiopia, Mining, potash, potassium chloride .
From BNN: Inflation, oil threaten mining profits
As we are not yet mining, this news may or may not affect us - however, it may affect majors' ability to acquire jrs.
Map other properties near Allana (potential acquisition candidate? i.e Nova Potash):
Note: may not be a current map, I believe we own one other property there that is not shown.
Highlights from the Recent Interview from Critical Strategic Metal:
Larry: I think this is by far the most exciting and best project I’ve ever worked on.
Larry: Well, the stock has tripled. We’ve loaded up the treasuries. We’re well funded to move this project through almost to the production decision stage especially when the warrants get exercised. But what’s really happened is there’s a sudden awareness that critical metals are as important as rare earths.
I feel the current level of awareness for critical metals is going to intensify this year. Critical metals will take the stage in front of everything else as far as the hot investment of the year.
Larry: We’ve had several approaches from some very substantial companies on offtake agreements but nobody wants to put up any money. And we feel we’ve taken all the risk. My fundamental view is that the price of manganese will probably triple in the next two years which would be around the time when we’re getting close to production and I wouldn’t want to set up an offtake in a weak position right now. After all, I don’t see the benefit of doing an offtake agreement on a product which is in short supply unless somebody wants to share the risk and so far that hasn’t happened. After the pre-feasibility study I feel that may become more prevalent and we may end up with a strategic partner which would not hurt the shareholders or American Manganese and would give a lot more credibility to the project. Our recent bought deal with Laurentian Bank Securities out of Montreal certainly signals confidence in the company and what we’re doing.
Larry: We’re moving now. We have enough money to advance us through this year and through half of the second year. What that does for us is it speeds up our drilling program. We could build up this resource to double or triple its current size because we’ve only touched about 20% of the property – you can see the potential in some of the mesas there. You can see 100 feet thick sections of manganese which have never been drilled. We don’t know the grade, but that will come with further drilling. You’ve got to remember, with our process, we can mine down to less than 1% manganese and make money.
I especially like this fact: We could build up this resource to double or triple its current size because we’ve only touched about 20% of the property...
...imagine where we'll be if or when AMY is able to double/triple its current size?!! Monsterous!!!
MAP of PDAC in Toronto
Our boy will be there, here's map oft he floor plan if you're planning to go:
it should be in booth 2529, however, I don't see Allana listed in this booth.
I love the fact, comparing to the conventional process, the new process is able to process at lower grades (<40%) and the cost, as we already know, is about at least twice as cheap!
cost Amy = 0.44/lb
China (conventional process)= 0.98/lb
SA (Conventional) = 1.10 /1b
...pre-feasibility to be completed by Q4 2011...Excellent news all around!
Interms of strategic direction we are getting serious interest fromvarious organizations. In the next few months I will be meeting withthem and then we will delineate our strategy. Looks like there is asignificant appetite to help us finance this to production.
Thanks for sharing! Your post is as good as a PR from the company, imo.
That's excellent news! I especially like this part "we are getting serious interest fromvarious organizations". I hope we take this production ourselves rather than being taken over by BHP.
If we get the finance we need and BHP, or another major, takes over us that would really, really be dissapointing imo!
someone posted this on Stockhouse, any rebuttal to his comments? are his comments legit?
Ok. Enough is enough. I have repeated myself ad nauseum on the subject. So, for those of you who are still listening, and for those of you who are to delusional to do the 15 minutes of research that I did, I give you these links. They outline the various REAL TIME chat translators offered by MSN, Google chat, Google Talk, Skype etc... From personal experience I have only used the gchat version. I used it side by side with ortsbo, from english to french, and had the exact same results using both programs. I'm not going to argue which is better, but I have had enough of people saying that this is the only product of its kind. It is not.
We were being solicited by several major funds and banks because the investment community is finally realizing that we have a world-class manganese property that can become the lowest cost producer of EMM in the world.
Thanks! I like the sound of this "We were being solicited by several major funds and banks"!