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MSLM slowly rising
Lentinman
Thanks. If you read the 10K closely you will see there is approx 9 mil O/S but that they are in process of cancelling 1.8 million shares from o/s. That will make eps even better than .20 per share. Basically a very attractive shell flushed with a good deal of cash and no debt and looking at some gold/silver/metals projects according to 10k. Plus in the 10K you will see that as result of the land sale to the Trust for Public Land in addition to the cash they were given a donation credit of approx. $7 million dollars which can be applied to future earnings for the next five years as donation deductions. All in all an interesting cash flushed stock with a clean balance sheet worth observing.
No problem , thanks
Lentinman
you said specifically"No offense, but your post re: thmg on the Value Microcap Board was deleted. We only allow stocks that have positive earnings and who report their financials."
I simply would like to know which of these criterias THMG didnt qualify for or if there is some other criteria it didnt meet that you simply forgot to mention in your post to me. I dont post that often as you can see my history and simply would like a clarification for my own benefit. I love your board and meant no harm
Lentinman
Im not a paid subscriber so i couldnt reply to you privately but just one question. You said you deleted my post because the company had to be a fully reporting company (which they are) and they had to report positive earnings. Am i reading the REPORTED FINANCIALS wrong for THMG or didnt they just report .20 per share POSITIVE Earnings??? Im not trying to be a wise guy and simply wish to know what warranted the deletion. Best Wishes
THMG 10K out. THMG's cash it holds is worth .20 per share alone , it has no debt, it has a carryover donation credit of over $7 million dollars from the government as a part of the deal that it can apply to any taxable income for next five years. 10k also says they are in process of retiring 1.8 million shares which will lower O/S from current 9 million shares.
It also says they are actively pursuing other mining properties.
The shell alone is also very valuable.
THMG spells value filled microcap.
Stock only trading at .13x.22
THMG's cash it holds is worth .20 per share alone , it has no debt, it has a carryover donation credit of over $7 million dollars from the government as a part of the deal that it can apply to any taxable income for next five years. 10k also says they are in process of retiring 1.8 million shares which will lower O/S from current 9 million shares.
It also says they are actively pursuing other mining properties.
The shell alone is also very valuable.
THMG spells value filled microcap.
Stock only trading at .13x.22
Well well. 10k out. THMG's cash it holds is worth .20 per share alone , it has no debt, it has a carryover donation credit of over $7 million dollars from the government as a part of the deal that it can apply to any taxable income for next five years. 10k also says they are in process of retiring 1.8 million shares which will lower O/S from current 9 million shares.
It also says they are actively pursuing other mining properties.
The shell alone is also very valuable.
THMG spells value filled microcap.
Stock only trading at .13x.22
10K due soon
O/S tiny at approx. 7 million shares.
Exploration in Montana
The Wickes Mining District Southwest of Helena, Montana, was one of the most productive in the Helena Region following its discovery in the nineteenth century. First settled in 1864 when placer gold was discovered in Prickly Pear Creek, the region was soon crawling with prospectors. That same year, both the Minah and Gregory lodes were discovered.
Many of the ore discoveries were of such high grade that they were shipped by wagon and boat as far away as Swansea, Wales, to be smelted. However, several local smelters sprang up in the surrounding region to take advantage of the Gold/Silver/Lead/Copper/Zinc ores coming out of the many mines in the district. It is estimated that more than $50 million in ore was produced in just a few short years.
Though the majority of the mines closed around the turn of the last century, the district is by no means played out. In fact, as late as 1987, new mines were still being opened producing gold, silver, zinc, and lead, and many of the old mining dumps have been re-processed in the last two decades. It is possible that the best years of the Wickes Mining District are still ahead of us.
Our claims in the district are the Argentine-Edelweiss claims and the adjoining Silver Chief properties. Tunneling 130 feet into the Argentine vein, Mascot has exposed lenses of ore which assayed up to 18 opt silver, .12 opt gold, 11% lead, and an amazing 22% zinc across a two foot face. We believe the potential exists for significant expansion of these results.
Some great potential here. Proven properties from past with potentially vast resources. This one still flying way under the radar with gold and silver prices the wat they are today and with where they are headed.
The Little Pittsburgh Mine
The Little Pittsburgh property was located in the spring of 1883 by George Augustus Smith. Though several owners afterwards mined and milled small quantities of ore, it was not until the beginning of World War II that profitable operations really got underway.
Between 1941 and 1953, Little Pittsburgh yielded up more than 300,000 tons of ore, including 15 million pounds of lead, 40 million pounds of zinc, and 350 thousand ounces of silver. Gold was also recovered in small quantities, and by the time Little Pittsburgh Mill shut down in 1953 due to low metal prices, it had processed over $5 million in ore.
Though the Little Pittsburgh remains closed at the present time, it is by no means played out. There are an estimated 30,000 tons of ore resource left, grading 3% lead, 7% zinc, and more than 1 opt silver, with significant potential for exploration.
Our ore is mainly a sphalerite which occurs in masses or in bands separated by quartz. The ratio of lead to zinc is about 3 to 7, and for each percentage point of lead, there is a half ounce or more silver per ton. The higher grade ore runs up to 5 ounces of silver per ton.
In recent decades, several companies have held leases on the Mascot Properties, including Sunshine, who discovered a 57,000 ton resource (partially mined in the 1970s), and Cominco American, who later evaluated a Sullivan-type orebody on Mascot's and the neighboring properties.
Mascot Silver Lead controls more than 250 acres surrounding the Little Pittsburgh Mine, in the Coeur d'Alene Mining District in Idaho's famous "Silver Valley". The Valley has produced more than 90 mines since its discovery in the late 1800s, and has yielded up an estimated $5 billion in metals since then.
The CDA District is the home of America's largest underground mine, the Bunker Hill, whose property line is less than a mile from Mascot's property. Further down the Valley are the Sunshine, the Coeur, the Galena, and Hecla's Lucky Friday, where recent discoveries have put to rest the idea that the Valley is played out.
Mascot Silver-Lead believes in the potential of our property to host sizeable strataform base metal deposits. With the end of the Superfund liability suit in sight, we intend to explore this potential and should conditions warrant, return the Little Pittsburgh to profitable production.
Hey verteran you still in THMG as well eh? Its makin a little thunder today. Somebody likes
Hey giff appreciate your number crunching. Looks very realistic. Happy days ahead.
Btw, thanks for reply
Sorry meant a nice dollar. I think a dividend would be nice and the longterm loyal shareholders deserve it. In addition they can sell the shell to a company which could benefit shareholders. Im not sure management has the stomach or time for a new project but we'll see. Agree we will learn more from the filings.
Another holding of mine ABDC which ive been buying for a few years between .05 and .20 recently went private and sold shell to another outfit and ive been able to easily sell the shares between .35 and .60 for a nice gain. The mm's have been eager to gobble them up.
Sorry meant a nice dollar. I think a dividend would be nice and the longterm loyal shareholders deserve it. In addition they can sell the shell to a company which could benefit shareholders. Im not sure management has the stomach or time for a new project but we'll see. Agree we will learn more from the filings.
Another holding of mine ABDC which ive been buying for a few years between .05 and .20 recently went private and sold shell to another outfit and ive been able to easily sell the shares between .35 and .60 for a nice gain. The mm's have been eager to gobble them up.
Yes I was wondering about what they would or could do with the shares they got back from the Yanke estate. I wasnt sure if they would retire and cancel shares reducing the o/s or issue them to the officer(s)
Im not sure it can be considered a penny gold stock anymore since it now has no gold properties. But they definitely have over .22 in cash per share and a valuable shell. If they play their cards right the management and shareholders can make a noce dollar.
Everyone who bought here over last few years should have made good money. It was no problem at all selling out at .35 and higher.
Hi Lazarus
Yes very interesting. It looks like the company ends up with $2,199,406 after they payoff DeweyMining (yanke estate and nelson). That comes to roughly .22 per share in cash according to my calculations. What to you think the company will do with the cash? Invest in another project or declare a dividend and sell the shell which i understand is also quite valuable in and of itself? Appreciate your thoughts
MSLM waking up as precious metals move up! Maybe going to go back into production? Lots of silver in them thar hills
MSLM waking up as precious metals move up! Maybe going to go back into production? Lots of silver in them thar hills
Lets all remember our friends , relatives and fellow citizens in the southern United States who are experiencing very difficult times right now.
Best wishes to all the loyal SYTE longs like elsiecat and others who were in SYTE several years ago and patiently waited for this type of success. We watched this CEO overcome some very formidable obstacles like the cd which he got disposed of preventing massive dilution. He bought all the shares of ex-management thus preventing massive dilution. He streamlined operations and expenses. He made SYTE profitable. He cancelled shares reducing O/S. He hasnt sold any of his shares. He has made acqisitions and looks to make more.
I wouldnt want to bet against his current list of goals either given his past performance. I believe our patience is going to pay off royally.
Great SYTE news today. 4th Consecutive Profitable Quarter.
Very good summary otcbargains
otcbargains, SYTE is a very good value as well. Should pop big this year if they can continue to crank out profitable quarters. Like SYTE , ABDC as value plays. Like CDLA as a pink sheet value and like THMG and CNEHE as longer term values that should pay off big. MSLM looks to be a buy here as well.
Lazarus is right about CDLA. I get the financials as well. They send them to shareholders.
Yep. This one is a true hidden gem.
looks like a great buy here.
CNEH is virtually unknown thus far but that will all change if they continue to grow each quarter.
Check out CNEH's last few 10Q's and you will see the rapid growth in revenue.
19 mil o/s CNEH China North East Petroleoum. Real and growing revenue each quarter and looking for nice profits in 2005!! A real value micropcap imo.
Im thrilled for you Lazarus , really. I am really happy anytime the shareholders make money. I was just pointing out that you seemed negative about it at the time when i was pointing out positives i felt existed. The fact that you are honest and give honest opinions of how you feel at the time is terrific. Im thrilled for you that you have owned since .06. I feel the same way about ALMI which I have owned since under .10
If you are implying im a tout (and im not sure you are) then you couldnt be further from the truth. I post my honest opinions as well which is what these forums are for. If im a tout than you must be a super tout (i dont think you are) simply based upon the content and amount of posts you post on certain stocks as opposed to me. Good Luck. ps, I like your penny land strategy. I invest in land myself. You seem to like to invest in many of the same things I like to invest in.
Lazarus not so dead anymore is it. Glad i was buying it up back then.
Posted by: Lazarus
In reply to: SultanOfStocks who wrote msg# 33742 Date:11/24/2004 11:31:19 AM
Post #of 40702
ALTX has very little in the way of oil assets...
cash they have - but president of the company eats up 200k per year and hasnt really done anything for the last few years. the last quaters revenues were actually down from the year previous....and for the first 9 months of this year the company has LO$T money not made money, like most other oil companies.
its a safer bet than most penny trash but its been dead money for a long time.
Lazarus
CNEH, China North East Petroleum. 19.9 million os, tiny float , real and growing revenue and will start posting some very profitable quarters this year imho. A steal at .95 imho and will see $2.00 to $3.00 this year imho.
Sitestar Pays off Ex-Convertible Debenture Holders
LYNCHBURG, Va., Feb 28, 2005 (BUSINESS WIRE) --
Sitestar Corporation (OTCBB: SYTE), an Internet Service Provider (ISP) and computer services company, today announced that it has fulfilled the obligations set forth in the convertible debenture settlement agreement. The remaining balance of $259,734 was paid in cash.
Frank R. Erhartic, Jr., CEO of Sitestar Corporation, commented, "We are thrilled to finally get this behind us. Since I became CEO of the company over two years ago, settling this convertible debenture issue has been one of my top goals. The convertible debentures caused our shares to become diluted and our stock price has suffered. By eliminating this type of financing, we should no longer have to sell our shares at a significant discount to pay off debt. I believe our company is much stronger now."
"It feels good to pay off the last remaining liabilities associated with the convertible debentures," says Daniel Judd, CFO for Sitestar. "Having resolved this issue, we can now give our full attention to providing our shareholders with value. This situation has been resolved without any additional adverse effects on the results of operations."
Sitestar Corporation issued one million dollars worth of convertible debentures in 2000. Since then, the stock plummeted from about $1.00 per share to a low of $0.006. Over the last year, the stock has seen an increase of well over 500 percent.
Forward looking statements
This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to expand our customer base, make strategic acquisitions, general market conditions, and competition and pricing. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate.
About Sitestar Corporation
Sitestar Corporation is a mid-Atlantic Internet Service Provider (ISP) and computer services company offering a broad range of services to business and residential customers. Sitestar's main customer base is primarily in the Virginia and North Carolina markets but also sells most of its services nationwide. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, Web-hosting and design services, computer sales and repair and other technology-related solutions to its residential and business customers.
Sitestar's wholly owned subsidiaries include Sitestar.net ( http://www.sitestar.net ), Sitestar Applied Technologies ( http://www.sitestarapplied.net ), SurfWithUs.Net ( http://www.surfwithus.net ), Lynchburg.net ( http://www.lynchburg.net ), Advanced Internet Services ( http://www.advi.net ), Computers by Design ( http://www.computersbydesign.com ) and CBD Toner Recharge ( http://www.recharge.net ).
For more information, visit one of the following Web sites: www.sitestar.com , www.sitestar.net , www.lynchburg.net , www.surfwithus.net , www.advi.net , www.computersbydesign.com or www.recharge.net .
SOURCE: Sitestar Corporation
Sitestar Corporation
Frank Erhartic, Jr., 434-239-4272
investorrelations@sitestar.com
SYTE huge news. Pays off cd with cash. Clear sailing ahead imho.
Sitestar Pays off Ex-Convertible Debenture Holders
LYNCHBURG, Va., Feb 28, 2005 (BUSINESS WIRE) --
Sitestar Corporation (OTCBB: SYTE), an Internet Service Provider (ISP) and computer services company, today announced that it has fulfilled the obligations set forth in the convertible debenture settlement agreement. The remaining balance of $259,734 was paid in cash.
Frank R. Erhartic, Jr., CEO of Sitestar Corporation, commented, "We are thrilled to finally get this behind us. Since I became CEO of the company over two years ago, settling this convertible debenture issue has been one of my top goals. The convertible debentures caused our shares to become diluted and our stock price has suffered. By eliminating this type of financing, we should no longer have to sell our shares at a significant discount to pay off debt. I believe our company is much stronger now."
"It feels good to pay off the last remaining liabilities associated with the convertible debentures," says Daniel Judd, CFO for Sitestar. "Having resolved this issue, we can now give our full attention to providing our shareholders with value. This situation has been resolved without any additional adverse effects on the results of operations."
Sitestar Corporation issued one million dollars worth of convertible debentures in 2000. Since then, the stock plummeted from about $1.00 per share to a low of $0.006. Over the last year, the stock has seen an increase of well over 500 percent.
Forward looking statements
This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, our ability to expand our customer base, make strategic acquisitions, general market conditions, and competition and pricing. Although we believe the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the report will prove to be accurate.
About Sitestar Corporation
Sitestar Corporation is a mid-Atlantic Internet Service Provider (ISP) and computer services company offering a broad range of services to business and residential customers. Sitestar's main customer base is primarily in the Virginia and North Carolina markets but also sells most of its services nationwide. Sitestar's wholly owned subsidiaries provide narrow and broadband Internet access, Web-hosting and design services, computer sales and repair and other technology-related solutions to its residential and business customers.
Sitestar's wholly owned subsidiaries include Sitestar.net ( http://www.sitestar.net ), Sitestar Applied Technologies ( http://www.sitestarapplied.net ), SurfWithUs.Net ( http://www.surfwithus.net ), Lynchburg.net ( http://www.lynchburg.net ), Advanced Internet Services ( http://www.advi.net ), Computers by Design ( http://www.computersbydesign.com ) and CBD Toner Recharge ( http://www.recharge.net ).
For more information, visit one of the following Web sites: www.sitestar.com , www.sitestar.net , www.lynchburg.net , www.surfwithus.net , www.advi.net , www.computersbydesign.com or www.recharge.net .
SOURCE: Sitestar Corporation
Sitestar Corporation
Frank Erhartic, Jr., 434-239-4272
investorrelations@sitestar.com
LOL this is great. Remember how quiet this board used to be? Congrats longs
WEEEEEEE Doggies Jethro!!! ALMI rolling along
Here is an Email response from Frank Erhartic in response to a few questions I had for him. Just received this email.
Question:Is SYTE currently in any talks to acquire any more ISP's?
(FE) Yes, we are in talks with a number of ISPs who are good prospects. We intend to close a lot more deals this year and are giving acquisitions a
greater focus.
Question:The current outstanding share total according to the transfer agent is approx. 82 million shares at this time. Is the company in the process of cancelling any more?
(FE)We still need to cancel more shares but we have yet to receive the certificates to cancel.
Question:Where does the final payment to to ex-cd holders stand? Have they demanded payment? How and when will this be handled?
(FE)We have received a demand for payment and this will be paid in cash.
LOL yeah giffe odd that he buys all these AJW CD stocks. Could he be associated with them? Someone insinuated that on the RB board.