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I just want to thank everyone who was kind enough to sell me all those cheap shares under .002 that I've been accumulating. Now, I'll admit to having a lot I bought at higher prices as well but it's all good. This is going to be a sweet ride!
Yup, I absolutely agree. Limited downside risk with the strong possibility HLNT will be retesting .02 sooner than later (over the course of several weeks I suspect).
As you might remember, I was massively bullish on HLNT just before it broke out over the summer. I'm equally bullish now. In fact, I've been waiting for this dip to re-load aggressively.
It just is, at least in the near term. I don't know how to explain it to you without getting in to some technical jargon. Suffice it to say that one ascending trendline broke (which explains the big dip) and it just picked up a new one with a more gradual rate of ascent. That should carry HLNT at least until financials come out in November.
I started reloading yesterday and doubled down today. This is a great buying op IMO. Just an air pocket as far as I can tell. Anyone who thought HLNT would just go up endlessly without hitting some major resistance and pulling back shouldn't be trading IMO. But todays price should more or less mark the floor and the beginning of the next bounce. That's how I'm playing it anyway.
You cant possibly know that the 1Q will be as bad as the 4Q. With the new geologist, they may be mining from areas with a better gold yield.
Water problems are significant and being worked on, but as long as the gold/gravel ratio is better, they should be able to reclaim more gold even before the water issue is fixed. That's my take on it anyway. I'm certainly no mining expert but it seems like common sense.
You also can't know that they will be diluting any time soon. I believe it was said emphatically that there were no near term plans to raise capital, but it was something that would take place eventually either through stock or income if NRG was generating revenue.
Agree in general about the presentation. Informative and I gained some insight into the company. Nothing really there to spike the price up near term, not sure if it will go back to the .013 - .016 range though. Could be that we're in a new trading range .016 - .025 I guess we'll find out tomorrow.
Seems like everything is moving in the right direction IMO, just a matter of time for it all to fall into line. This is not for the quick flippers, but as long as gold prices stay in the current trading range, longer term PCFG has great value IMO.
Hopefully the recovery rate were better in the 1Q12 than they were 4Q11. If the geologist is any good they should be. I was a bit disappointed they didn't give us any idea what kind of numbers to expect. I am going to send them an e-mail suggesting that they release that info in a timely manner instead of making us wait for the next 10-Q. Doesn't seem like it's too much to ask.
I meant to submit a question asking them why they didn't inform us sooner when they encountered the initial problems last year after production started last year. I may include that in the e-mail as well.
Yeah I agree. I wasn't really too happy with the 10-K results today, but like you said it's priced in and what's more important is what happens going forward. It only gets better from here IMO, and I'm as bullish as ever on PCFG. I bought more today at .018, but to be clear I'm not looking for the quick flip, I have every intention of holding for the longer term. Production results will be better in the 1Q, 2Q, etc. IMO
I see the same technical resistance you are talking about as well, but IMO when the 10-K is released, and we get more information on their current rate of production & financials, resistance can easily be taken out if those numbers are better than expected (and giving the price action up until today, I'd say expectations are pretty low).
I'll bet everyone who had been so eager to sell in the low teens up until the end of last week feels pretty stupid right about now. I love it!!
I have no idea what you're talking about. The 'source' of what?
Yup, getting closer every day too. Just a matter of time. It's not even reasonable to think they wont get current, just a matter of when. They may not quite make it by end of March, but I figure soon enough. Just a matter of patience.
SNEY clearing some resistance the last few days. Still some to work through, but I think the worst is behind us in terms of price.
U2. Have a good weekend.
Oh I see. Yeah it can be frustrating to buy in at the top of a range and have to ride it lower. Been there done that.
I was fortunate though to make a pretty good trade last spring so all I rode down was some free shares.
Either way, just to be clear, my 4-bagger call was a lowball. I hate being irrationally exuberant so I tend to lowball my expectations.
It's far from a guarantee but certainly not out of the question based on the pace their filings last year. It is certainly possible they will have to extend the deadline for the 10-K, but getting out the remaining 2 Qs by the end of March isnt unrealistic.
And to be clear, by the time the EOM rolls around it will have been approx. 45 days since their last Q was filed. It's entirely possible that one is almost complete and they are ready to start on the next one.
Again, no promises. But whether it happens sooner or later, I don't think the point is realistically debatable that anyone selling now just lacks the patience and foresight to wait it out and get a much better price at a later date. Works for me though because I can keep buying cheap shares as I free up extra cash.
Honestly, I'm shocked at how little foresight investors have in pinksheet land sometimes. SNEY isn't like a GRNO or MYFT that has promised current filings for over a year and haven't filed a single one. SNEY is getting it done, some (and I'll include myself in this) just underestimated how long it would take. But 4+ baggers are always worth the wait.
Yeah I agree. I mean how many time does a shareholder need to see this bounce from the mid to low .001s to .003 in the blink of an eye to realize that selling at current prices is a losing move?
FWIW, I've been buying aggressively the last couple of days. I only got a partial fill at .0019 today though which was regrettable (would have liked more). This is the buyable dip I anticipated a few weeks ago and mentioned on this board. I'm not saying that it's about to skyrocket past .003 (no way to time that move) but that move is in the cards IMO. Nice bollinger band squeeze setting up, and the stochastics indicate this is the time to be buying.
BTW, to everybody who asked me to post my charts a couple of weeks ago I apologize for not having done it. This market is keeping me busy enough. Gotta make hay while the sun is shining. I'll try to get those charts posted though.
IMO, they will do whatever possible to get current before 3/31/12
Yes, the 1Q2011 took about 6 weeks to get done. But judging by their filing history, the subsequent Qs will get done a lot faster. I might be wrong about this, but looking at the pace of their Q filings last year, it seems realistic.
Regardless, looks to me like SNEY is getting read to break out here from the steep decline it's been in. It may not hit the .01s right away but I think it'll be back in the .007s soon enough. If it can clear .006 tomorrow it puts the .007 - .008s back in play for next week. Technically, looks like that's exactly what's going to happen. If not tomorrow, early next week. Price action today was interesting, all trades at .006. Low volume indicates the sellers are exhausted and the buyers are going to start chasing a bit.
JMHO, keep the faith longs. Whether it happens sooner or later, common sense dictates that SNEY will be trading much higher down the road than it is now. As I've been saying for a while, anyone selling at current levels is either stupid, lacks foresight, or is just desperate for cash. Companies don't go through the great expense and effort to get current on their filings when they have nothing going on.
Yes, I know you can't chart dilution.
And finally, you give us the specifics you've been dancing around for a while now. Those are legitimate concerns, and not to be taken lightly. But it all comes down to their ability to mine gold IMO. If one was to believe that the 3Q2011 results represent the best they are capable of, then by all means they should have sold a long time ago. If one believes that was just a temporary setback and their 4Q2011, 1Q2012, etc. numbers will be better, than this is a great buying opportunity.
Also, it could be argued that PCFG's willingness to modify the note for the benefit of the new holder represents confidence on the part of PCFG that the share price will be much higher by the time that note is due. The conversion rate of .05/share to the company owned by the CEO could also support that arguement.
Obviously, everyone is entitled to their opinions...just a matter of time before we find out who is right.
Yeah I agree. Looks like its getting ready to break out of this down channel and start moving towards .018 and the .02s, still some resistance up there to work through, and I expect that's what it's going to do in March heading into the EOM when the 10K comes out.
I am a tech guy, you are talking about fundamentals. I'm surprised you don't know the difference.
I disagree about their debt being unsustainable as I have no doubt they are currently generating revenue from gold. When the 10-K comes out we'll have a better idea.
But to be clear, our discussion was about significant ongoing dilution which you have not proven. The debt agreement that was filed in December talks about the POTENTIAL issuance of 50,000,000 shares. That doesn't mean it's going to happen. And even if it does, it's only about 7% of the current O/S. No big deal as long as they are pulling gold out of the ground.
Looks to me like PCFG will be back around .02 before the 10-K comes out (A technical analysis). If I'm wrong, so be it. It's not like I mortgaged my house to buy shares. Low risk/high reward. If you can't afford to risk a few hundred dollars, then don't. Why you would spend your time on this board posting about a company you have no interest in is beyond me. I always suspect an ulterior motive.
Of course I did, the numbers I cited were pulled from the Q filed in November. If you've got some other information, post it. Otherwise, it's obvious your making stuff up to further whatever your agenda is.
No significant dilution shown in the 10-Q
O/S increased by 45 million in between 9/30/10 and 9/30/11, which I believe was to raise money to begin production and announced at the time it happened. No evidence of continued and ongoing dilution exists that I know of. If you have evidence please provide it, otherwise you are just speculating.
IMO, you either bought PCFG way too high and are taking a bath which is why you are so negative, or you're negativity is a ploy because you want to buy PCFG as cheap as you can. Anyone can claim that they 'went to the location and nothing was happening". What matters is if its true or not. Companies don't spend time getting their financials in order just for the fun of it, so I really don't believe that 'nothing is going on' without proof.
One thing I want to make clear...
Is that as bullish as I am on HLNT for both technical and fundamental reasons, I am not expecting for HLNT to go up in a straight line. Resistance at .0031 is significant and will take some time to cut through in my opinion. I expect there will be some dips as the chart consolidates and flippers do their thing. Those dips are buying opportunities though and I'll be taking full advantage of them.
I just wanted to get that out there because I don't want anyone holding me responsible because they were banking on a moonshot right away, and I don't want to be perceived as a pumper. Just my honest opinions, backed by my cash on the line.
That's the million dollar question, I wish I knew the answer. TA isn't really useful in that regard, especially with a chart like HLNT that up until 2010 really wasn't fluit enough to really analyze. All my TA is showing me is that HLNT has escaped the vicious downtrend that was formed by the meltdown of the 2010 high. Now all there is to contend with is horizontal resistance which is easier to break through.
I'll work on it this weekend. If it's doable I'm sure I can figure it out. Thx for the tip! If I need any help I'll let you know and would be happy to show the board what I'm seeing.
"earnings" was a poor choice of words, they are going to file their 10-K was what I should have said. I don't think they'll be profitable, but what I think everyone will be looking at is their production numbers. Any sharp increase will be greeted warmly IMO, and will be used to evaluate their earnings potential going forward.
Do you have any factual basis for ongoing dilution? I don't know of any but would obviously be interested in facts. Speculation on such things is useless.
You're entitled to your opinion of course, but I completely disagree. HLNT is fluid enough for TA to be completely relevant. FWIW, technical analysis is my bread and butter, and I wouldn't post what I did if I didn't believe it. If I didn't believe what I was seeing in the charts I would have cashed out already.
I'm happy to contribute what I can, I've been massively bullish on this stock for a while (although I admit to being nervous at the .0011 bottom)
Niko, to answer your other question, I do annotate charts but since I don't have a stockcharts account I don't think I can share them.
Would make more sense for it to be a cover, but honestly the world of shorting pinksheet stocks is not something I know much about. The price action today might be confirmation of it being a short cover. Either that or the dumbest short trade initiation I've ever witnessed.
Regardless, SNEY bounced off that support yesterday. It may get retested but I'm not banking on that. Any close above .058 today is a good sign, in the .006s would be great. Weekly stochastics to me indicate this bottoming process might last another week or two before it breaks higher. In case anyone missed it, I'm massively bullish on SNEY, but understand it might take a little more time for this formation to resolve itself.
Thx, I know what a T trade is, just pointing out that a large trade like that AH is unusual for SNEY.
Of course I'll point out anything I think is noteworthy.
One thing I forgot to mention, and this is extremely important IMO. I do a lot of work with trendlines, and I try to analyze why certain levels hold as resistance & support, etc. Well, I've been pondering why that spike in Dec on what I thought was fantastic news about the fleet deal resulted in a massive selloff, and it occured to me (after the fact regrettably) is that the top of that spike touched the trendline formed by the Sept/Oct 2010 peaks so the selloff makes sense from a technical point of veiw. Well, if you look at where we are now compared to those reference points(Sept/Oct 2010 peaks, and Dec 2011 blowoff top) , we are above that trendline now and have closed above it for a couple of days in a row. To me this is indicative of a much higher move in the cards after we consolidate some of the recent gains.
Also, the 9 day MA just moved above the 200 day MA, and the 20 will move above in a few days. Also noteworthy events.
Could be a short cover or short position initiated. Not really sure, but I noticed that trade. Haven't seen anything like that before in SNEY, have you?
A few other things that may be overlooked but extremely important nonetheless.
1) The last selloff down to .0011 was the first time a selloff did not result in a new low. This is a very big deal from a technical point of view IMO.
2) this is the first time HLNT has traded above the 50 week MA (with the exception of some random pops above that didn't last more than a few minutes) since September of 2010.
3) HLNT tripped a parabolic buy signal on the daily chart a few weeks ago, the price action this week tripped one on the weekly chart. Another very big deal that hasn't happened since the rally in the summer of 2010 started.
There are other things I"m seeing which are easier to show than explain, but suffice it to say that the technicals are massively bullish for HLNT right now on a daily AND weekly basis.
GO HLNT!!
Technical levels. That's all the price action is IMO, a technical move from resistance to support. Mid to low .004s shows strong support, and the .007s resistance. Eventually one level has to give, and I have no doubt whatsoever the break will be to the upside. Like I've been saying, companies don't expend time and energy getting their financials in order unless they have good reason to. And that reason is they are gearing up to becoming a revenue generating company. It might take a few weeks but it'll break to the upside. Look at last Spring and see how that worked out for the morons who sold in the .005s
Thanks Stokes I appreciate that, it's always good to hear. I don't post a lot on IHUB but try to add something of value when I do.
Definitely an opportunity to buy more at these levels. I'm seeing an inflection point setting up for a few weeks from now, and think that'll be the break higher we're all waiting for. Buying more while it's still cheap.
I'll never understand what motivates someone to liquidate now in the .005s and even mid .004s like we saw today. I see the technical reasons why but am confounded that anyone is so easily fleeced. I think the pessimism is necessary though for whatever reason before the buyers start chasing, gets rid of the weak hands I suppose. The chart looks a lot like last spring before the rally IMO, just a matter of time.
I'm not seeing that in the charts, but anything is possible. The price action certainly is weak.
IMO, it's going to be pinned at .02 right before March 31st when FY11 earnings are announced, sandwiched between support and resistance. The move after then will confirm direction until 1Q earnings in May.
I agree about buying all you can at these levels because it won't last.
But I'm not sure they are currently producing gold and REEs. I have no doubt they will announce the beginning of production so I assume they haven't started yet (unless I missed an announcement). However, I am confident that the reason they are focusing on getting their financials up to date is to uplist to the OTC because they want to be on the OTC when they announce the beginning of production, or at least when they report their first quarter after production has started. There is a logic to what they are doing, just takes some time.
Their focus on getting the financials in order should be a huge 'buy sign'. Most pink companies promise they will get their financials in order, only a few do because of the great effort and expense. The companies who follow through are the ones to watch.
GL all, and be patient. Good things are ahead.
I don't think the 4Q is going to be massively better, but it should be an improvement in terms of what their final production #s are. What was it, 50 oz gold in 3Q? I'd say it's more than likely that PCFG blows that out of the water. I don't expect a profit though til 1Q numbers come in, but 4Q should show us what they are capable of on a month by month basis now that the issues that held PCFG back are behind us.
I've said it before, I'll say it again anyone selling now is a fool and should have their head examined. The level of bearishness on PCFG now is as good a contrary indicator as the level of bullishness was when it was at .08. IMHO, PCFG will be back at .05 later this year.
You're delusional. It doesn't matter what's in the 10-Q (who cares about 1Q 2011 at this point), it's the fact that it's filed and they are one step closer to getting the CE removed, uplisting..and I'm certain an announcement that production has started. That's the obvious reason they are going through the trouble of getting their filings up to date.
I'm also pleased they are demonstrating the fact that they are capable of releasing filings in accordance with SEC requirements. 10-K came out within 90 days after fieldwork was announces as completed in early Oct, and this 10-Q is within 45 days after that. It's no coincidence they are keeping to this schedule as much as possible.
Good things ahead, just a matter of being patient.
Yeah there is some resistance between .0023 - .0026 but I think that .002 was the real big line in the sand. If HLNT closes above .002 for the week (based on the price action today it should IMO) thats a HUGE development. A close above .0023 even better.
I completely disagree, HLNT trades on nothing but technical factors. Certainly not fundamental to get a great piece of news (the fleet deal) and sell it from .003 to .0011. But agree that because it is held by few people, the large holders can bat this thing around to shake out the little guys with weak hands by skewing the technicals.
BTW, I was right...the battle was between .0017 and .002, and .002 won. That pop and close above .002 today was meaningful and important in getting this train back on track.