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IMO It will be where it started before ASHER and some others started dumping their shares they got from the financing deal. The more they sold the more they dropped the price so they got more shares for the amount of money due from the financing...
Read the last filing as it details how many shares ASHER got at different levels and at different shares prices...
the question is: ARE THEY DONE WITH THEIR BS ???
Once they are out, the shareholders will have a chance to recuperate and make some money and see the real value of the company.
IMO on the other hand if I was running the company and someone is intentionally pushing the price down, I would wait for them to finish and later have news on the advancement of the projects.
But from the trades yesterday and the âst twelve days of hammering this stock, we should be looking to gain back the losses as many shareholders will wait at least to reach their goal before ven selling.
I believe that the share price will climb very fast in te same manner it dropped by forced sales and day end swaps to keep it down. IMO
The share float may have increased in the last month due to issuing shares for ASHER company for financing IMO
UP 200% on 9.1 million shares
welcome back Trader53
what are the technicals saying?
UP 130% on 6.9 million shares...ya man
Montclerg Property, Quebec Canada
This project is situated on lands close to the town of St-Augustin de Woburn in an area known as the Eastern Townships, which is approximately 200 kilometres east of Montreal. The property consists of 23 mineral claims having an area of 17.5 square kilometres. There are no infrastructures nor sources of power present on the property.
Preliminary surveys have found traces of gold on the property and it is recommended that we undertake additional investigation to localise and determine the extent of the source. Property brooks Arnold Morin is located about 200 km east of Montreal and 35 km south of Lake Township Megantic in Woburn, about 15 km south of the village of St-Augustin de Woburn (maps 1: 50 000 sheets 21 th / 21 th and 2 / 7). Canada border - the U.S. is located near the eastern boundaries of the property. The property covers a total area of approximately 1750 hectares divided into a block of 41 contiguous lots. Property is situated in the southern Quebec Appalachians, either in the region of the Megantic. Property sector includes, among other things, the massive Lake Chains and granite Devinien Lake to spiders. The formation of the Arnold River, part of the Chain Lakes massif, is regarded as a scale of Grenville. The rock formation is stuck in a thrust fault against the mixing unit Cambro-Ordovician. It consists of a mixture of meta-crystalline gray sandstone, more or less dark grained ranging from fine to medium. We also find granitic gneisses and quartzo-feldspathic granulites (Cheve, 1978). The thickness of this formation may reach several kilometres in the southern part of Quebec.1
An inspection of the Morin placer occurred on November 3 and 4, 2010. Two pannings were done in favourable places for gold deposition. Two gold nuggets were found in the second panning. The SM analysis suggests that the gold is coming from a regolith. This hypothesis is possible since the river valley is perpendicular to the main glacial flow in a similar way as Gilbert River and Mining brook, where gold-bearing placers are known. The valley is of SW-NE orientation. It is this orientation (perpendicular to the main glacial flow) that preserved the pre-Johnville sediments at Mining brook and at Gilbert River.
Description of the Net Smelter Royalty Agreement in the Montclerg property:
"Net Smelter Returns" shall mean gross revenues received from the sale by the Owner of all ore mined from the Property and from the sale by the Owner of concentrate, ore, metal and products derived from ore mined from the Properties, after deduction of the following:
· all smelting and refining costs, sampling, assaying and treatment charges and penalties including but not limited to metal losses, penalties for impurities and charges for refining, selling and handling by the smelter, refinery or other purchaser (including price participation charges by smelters and/or refiners); and
· costs of handling, transporting, securing and insuring such material from the Properties or from a concentrator, whether situated on or off the Properties, to a smelter, refinery or other place of treatment, and in the case of gold or silver concentrates or doré, security costs; and
· sales and other taxes based upon sales or production, but not income taxes pursuant to federal, provincial or territorial tax legislation; and
· marketing costs, including sales commissions, incurred in selling ore mined from the Properties and from concentrate, dolt, metal and products derived from ore mined from the Properties.
Exploration program:
The Montclerg property is a “grass roots”. We plan to spend $500,000 on test drilling and in preparing a 43-101 report.
Description of Samlout, Cambodia
The Samlout project comprises a project of approximately 140 sq miles in the Samlout/Samlaut area of Western Cambodia. The land is adjacent to Cambodia’s well known Pailin district. A Survey Report by Terra Insight Services suggests that the property has potential for rubies and gold. Shamika’s business plan envisages the initiation of gold and ruby alluvial production in the second half of 2012, the completion of a 43-101 Report and a program of further exploration in accordance with the recommendations.
This property has no known reserves and the proposed program is exploratory in nature. There are no current detailed plans to conduct exploration on the property.
We plan to prepare a NI 43-101, Independent Third-Party Evaluation, in 2011. The reader is warned that a NI 43-101 study is a Canadian report, and is not compliant with U.S. SEC regulations. The report and earlier reports not compliant with current SEC regulations used terms such as “ore”, "measured," "indicated," and "inferred" "resources," which current SEC regulations strictly forbid. An effort has been made to remove such words from this document. This report will be prepared by Mr. Patrick Vualu, P.GEO. Mr. Vualu has a diploma in geology from University of Lubumbashi and has extensive experience in all aspects of mining in the DRC. He served as project manager for De Beers in DRC and was appointed chief department officer for the DRC Ministry of Mines. Mr. Vualu was president of Général de la Société Mining Consulting and Services, a firm offering geological and lithological mapping, and geological logging, analysis and testing of minerals
Description of Montclerg
This project is situated on lands close to the town of St-Augustin de Woburn in an area known as the Eastern Townships, which is approximately 200 kilometres east of Montreal, Canada. The property consists of 23 mineral claims having an area of 17.5 square kilometres. Our business plan calls for the completion of a 43-101 report and a program of further exploration to determine if proven and probable reserves exist on the property.
This property has no known reserves and the proposed program is exploratory in nature. There are no current detailed plans to conduct exploration on the property.
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Mineralization :
Samlout Project
The project comprises an area of approximately 140 sq miles in the Samlout/Samlaut area of Western Cambodia. The land is adjacent to Cambodia’s well known Pailin district. A Survey Report by Terra Insight Services suggests that the property has potential for rubies and gold. Terra Insights Services states that in close proximity to the north and west of the license area, there are known deposits of sapphires and rubies in the province of Trat (Thailand) and Battambang (Cambodia). The most known of such deposit is Pailin: it is the main source of sapphires in Cambodia. The field is characterized by alluvial and eluvial placers that were formed during the destruction of basaltic lavas. The geologic framework is the result of a long and repeated history of sedimentation, volcanism, igneous intrusion, metamorphism, and mountain building. These processes formed ancient and recent mountain chains, folded rocks, and broad sedimentary basins throughout the region. Nonfuel mineral deposits are associated with specific geologic rock types and tectonic settings, and therefore the extensive geologic history of Asia and Pacific region has been conducive to the formation of many kinds of large and abundant mineral deposits. The geologic setting in the Asia and Pacific regions is consistent with the discovery of a number of new, important mineral belts, which may contain potential for the occurrence of undiscovered deposits. In addition, the presence of known mineral deposits suggests that well-known belts also may be areas of new discoveries. There are no infrastructures nor sources of power present on the property.
Acquisition process of mineral rights
Mineral rights are acquired through solicitation as per the mining code established by the government of the country. The basis and duration of the mineral rights relate to the rules of the mining code of the concerned countries. These mining codes are readily available to the public for detailed information as per acquisition, mineral, surface, exploration, extraction licenses and rights.
Type of claims
The concessions are essentially alluvial and elluvial deposits. They are governmental exploration mining concessions.
Mineralization:
We plan to account for probable or proven reserves as defined by the SEC section (a) of Industry Guide 7. However, we have not completed the analysis to do so. We have utilized a cutting-edge remote exploration satellite technology to determine the probable reserves and this was followed with in the field geological samples, outcrops, holes, as explained below:
Revolutionary Satellite Technology
1. Structure-metric analysis - part of the technology, which processes satellite data to identify geological and tectonic formations, as well as areas of high mineralization (including potential source deposits). Paleo-reconstruction – part of the technology, which utilizes cartographic and satellite data reconstructing the relief plasticity in order to create subsurface paleo-channel maps. Such maps assist in understanding of geomorphology and migration of geo-medium to ascertain zones of alluvial deposits’ concentration. Such channel maps help analyze attraction/focal points and geological features indicative of a mining opportunity. In relation to the Cambodian license, the relief plasticity maps helped determine likely directions and patterns of fluid flow along with estimation of locations of probable placer deposits.
2. Geomorphologic analysis/Lineament analysis.
3. Spectrometric analysis.
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Methodology
1. Structure-metric Analysis of Local Stress Fields
Structure-metric analysis is conducted with the purpose of identifying and delineating areas that have high potential for bearing mineralogical deposits in liquid or solid form.
In the process of analysis and interpretation of various types of satellite images based on the geometrization of terrain attributes and using a proprietary algorithm that takes into account principals of proportionality (Harmonic Division1) and the golden ratio principle, we can:
· Accurately detect geological objects of any origin, regardless of the depth of its occurrence
· Delineate blind deposits
· Detect highly enriched areas of the ore-bearing formations
· Identify oil and natural gas bearing zones
· Solve other geological problems
Structure-metric modeling falls under the rules of fractal geometry and laws of proportional sectionalization of the golden ratio relationships are noted in many geological formations, including morpho-structural. These observations were described in the works of B.L. Lichkov, I.I. Shafronovskii and others. Fractals are the structure that consists of separate elementary particles, which are similar to the whole structure, that form a Hausdorff-Besicovitch (D) dimension set that exceeds its topological dimension (D1). Fractal geometry is a complex mathematical system, exempt from the rules of Euclidean geometry. According to the experimental and mathematical data, most objects found in nature are fractal with non-integer dimension5 . Application of these rules eliminates the subjectivity in geo-dynamic modeling during remote sensing and satellite-based analysis of selected territory.
This method was developed and perfected through the multiple studies of different ore-bearing bodies, detailed geological mapping of aero and satellite images, and geo-morphometric observations of landforms. Ultimately the method was formed into a system of universal geometric models, pertinent to all geological formations.
It has been established that any geological body (sedimentary complex, crystalline massif, mineral deposit, or hydrocarbon occurrence) lies within a strict system of geometric relations that can be shown as vector models of stress zones, comprising a complex multi-dimensional geometric form, similar in the appearance to the Calabi-Yau space. A method based on the work of O.I. Slenzaka allows delineation of local stress zones. As a result of vast amount of observation, a proprietary empirical analysis algorithm was developed based on golden section; which, by using the stress vector zones, allows identification or justification of absence of any target at any location in the surface of the Earth. It was also established that a two-dimensional satellite image carries sufficient records of all geo-dynamic interactions occurring in the Earth's crust to enable such identification.
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Every geological setting is characterized by its own unique geological and acoustical rigidity. A geological body can only create a certain pattern of interfering stress within its hosting environment with application of tectonic forces and translate it onto the visible surface. In this case, the main characteristics are the density and elasticity properties of the studied compounds. Thus the purpose of the structure-metric analysis is to solve the inverse problem – based on the results of geometric interpretation of the elements of the terrain, with further reconstruction of paleo-structural plan of deformation within the deeply buried horizons, identify presence or absence of the targeted object.
The previously mentioned algorithm enables the transformation of the original two-dimensional satellite image into a multi-dimensional vector model that carries information on all geological targets of interest, presenting themselves in the integral system of interactions. The algorithm also allows determination of the depth of target occurrence and its morphological characteristics (Figure 1).
Figure 1: Examples of three-dimensional modeling of the structure-metric scanning of geologic exploration areas, based on the analysis of stress fields
The technology allows us to determine the best outcrops concentrations showed on the isoline ore-bearing, (Figure 86) areas where for on site field detailed sampling, trenching, and holes.
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Figure 86: isolines of gold concentration of Sector 2.
Figure 87: gold anomalies of Sector 2.
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Field Sampling
Exploration and Exploitation programs:
1) The concessions are essentially alluvial and elluvial deposits.
Initialize a Geological Survey or 43-101 Budget : USD $200 000 ± 10%
2) Phase 1 Exploration Program could involve the following:
• Geoscientific compilation of available information (BRGM, data bases, maps, etc. …)
• High-definition satellite images and geo-structural interpretation
• Airborne geophysical survey and data interpretation
• Detailed characterization of the property (mapping, sampling)
• Geological and structural mapping (surface and underground)
• Preliminary surveying
• Local prospecting of known mineralised occurrences
• Geological verification of known anomalies at the site
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Budget : USD $500,000 ± 10%
Phase 2 & 3 Exploration Program :
• Following this first phase, a field exploration program could be planned and a geological prospecting team would verify in-depth the most significant anomalies (geophysics, imagery, old sites, etc.). The main goal would be to size the property's mineralization as well as its extensions and ramifications. This portion could involve ground geophysics as well as investigation work (shafts, trenches, drilling).
• Exploration and geological mapping of the main targets (determined in phase 1), including sampling and in situ analysis with a hand analyzer, shafts, trenches and ground geophysics.
• Development: sizing and development of the Property, including definition of the mineralization boundaries by shallow drilling, detailed geology.
• Local logistics: establishment of a local geoscientific base, development of social contacts with the surrounding villages, improvement of transport infrastructure.
• Following this second phase, a third phase of more thorough investigation of the most promising targets could be undertaken, including detailed geophysics/geochemistry, definition drilling and a scoping study.
Budget : The budget of the second & third phases will be determined based on the results of phase 1 but could be estimated to be between USD $2 to 6 million depending on the required drilling program which could be between 3 to 10 000 meters of diamond core drilling.
PRODUCTION
a) Capital Costs – Road Construction, Extraction Equipment, Processing & Smelter Plant
• A conventional ball mill processing plant could be installed to further exploit the non-alluvial Au ore present on the properties which would include a revolutionary closed loop VAT leaching process. The t/d of ore processed will have to be determined based on the estimated resources of Au and Ag present on site. It can be estimated that the process plant will have to be engineered to process between 3 000 to 5 000 tons per day of the extracted ore, open pit mine. The refinery/smelter plant will be engineered to produce doré or bullion bars.
• Budget : Can only be determined following once the complete exploration and engineering studies have been finalized. Estimation between USD $20 to 60 million.
Lots of potential ahead... we are just recuperating from the brutal forced selling by some to get more cheap shares... They have no more left and the price should be in the FIVE CENTS where it left off in july.
IMO the story is very good, They have mining properties in Cambodia and mining claims in Quebec that haven't been evaluated yet and once that is done then the share price would reflect the mineral reserve in the ground and we should be back to the 50 cents range.
It took a year to drop from a high of 87 cents to 0.001 and i strongly believe that we will have a new high in the next 12 months...
Do your own DD
UP 100% with over four million shares!!!
UP 50% DUH !!!
No UBSS in the background today on the ASK...good ridance lol
Description of Samlout, Cambodia
The Samlout project comprises a project of approximately 140 sq miles in the Samlout/Samlaut area of Western Cambodia. The land is adjacent to Cambodia’s well known Pailin district. A Survey Report by Terra Insight Services suggests that the property has potential for rubies and gold. Shamika’s business plan envisages the initiation of gold and ruby alluvial production in the second half of 2012, the completion of a 43-101 Report and a program of further exploration in accordance with the recommendations.
This property has no known reserves and the proposed program is exploratory in nature. There are no current detailed plans to conduct exploration on the property.
We plan to prepare a NI 43-101, Independent Third-Party Evaluation, in 2011. The reader is warned that a NI 43-101 study is a Canadian report, and is not compliant with U.S. SEC regulations. The report and earlier reports not compliant with current SEC regulations used terms such as “ore”, "measured," "indicated," and "inferred" "resources," which current SEC regulations strictly forbid. An effort has been made to remove such words from this document. This report will be prepared by Mr. Patrick Vualu, P.GEO. Mr. Vualu has a diploma in geology from University of Lubumbashi and has extensive experience in all aspects of mining in the DRC. He served as project manager for De Beers in DRC and was appointed chief department officer for the DRC Ministry of Mines. Mr. Vualu was president of Général de la Société Mining Consulting and Services, a firm offering geological and lithological mapping, and geological logging, analysis and testing of minerals
45,5 million shares traded in the last twelve days
Historical Prices
Date Open High Low Close Volume Adj
Close
2011/12/13 0.0014 0.0014 0.0010 0.0010 6,900,669 0.0010
2011/12/12 0.0014 0.0014 0.0012 0.0013 1,308,994 0.0013
2011/12/09 0.0012 0.0014 0.0012 0.0014 753,500 0.0014
2011/12/08 0.0011 0.0015 0.0011 0.0014 5,551,804 0.0014
2011/12/07 0.0013 0.0014 0.0011 0.0013 1,458,000 0.0013
2011/12/06 0.0015 0.0019 0.0012 0.0015 3,815,184 0.0015
2011/12/05 0.0018 0.0018 0.0010 0.0013 8,178,728 0.0013
2011/12/02 0.0022 0.0022 0.0017 0.0020 1,372,708 0.0020
2011/12/01 0.0020 0.0022 0.0016 0.0019 4,942,000 0.0019
2011/11/30 0.0020 0.0025 0.0020 0.0025 1,765,125 0.0025
2011/11/29 0.0025 0.0025 0.0020 0.0021 6,786,731 0.0021
2011/11/28 0.0031 0.0031 0.0025 0.0025 2,759,800 0.0025
2011/11/25 0.0035 0.0035 0.0035 0.0035 - 0.0035
2011/11/24 0.0035 0.0035 0.0035 0.0035 - 0.0035
2011/11/23 0.0035 0.0035 0.0035 0.0035 - 0.0035
2011/11/22 0.0031 0.0035 0.0031 0.0035 15,000 0.0035
2011/11/21 0.0031 0.0032 0.0030 0.0030 927,400 0.0030
2011/11/18 0.0031 0.0033 0.0031 0.0031 2,051,590 0.0031
2011/11/17 0.0031 0.0040 0.0031 0.0031 48,000 0.0031
2011/11/16 0.0040 0.0040 0.0031 0.0031 1,351,200 0.0031
2011/11/15 0.0040 0.0040 0.0035 0.0040 110,670 0.0040
2011/11/14 0.0040 0.0040 0.0040 0.0040 - 0.0040
2011/11/11 0.0040 0.0040 0.0040 0.0040 - 0.0040
2011/11/10 0.0040 0.0040 0.0040 0.0040 45,012 0.0040
2011/11/09 0.0045 0.0050 0.0043 0.0043 741,127 0.0043
2011/11/08 0.0050 0.0055 0.0047 0.0047 3,167,051 0.0047
2011/11/07 0.0045 0.0048 0.0045 0.0048 1,016,000 0.0048
2011/11/04 0.0045 0.0045 0.0040 0.0043 308,334 0.0043
2011/11/03 0.0049 0.0049 0.0030 0.0039 1,596,806 0.0039
2011/11/02 0.0045 0.0050 0.0045 0.0048 454,000 0.0048
2011/11/01 0.0050 0.0050 0.0050 0.0050 89,000 0.0050
2011/10/31 0.0052 0.0053 0.0050 0.0050 363,163 0.0050
2011/10/28 0.0052 0.0058 0.0050 0.0055 101,000 0.0055
2011/10/27 0.0052 0.0057 0.0052 0.0052 21,643 0.0052
2011/10/26 0.0058 0.0058 0.0058 0.0058 2,200 0.0058
2011/10/25 0.0050 0.0060 0.0050 0.0058 46,163 0.0058
2011/10/24 0.0070 0.0070 0.0040 0.0049 1,506,609 0.0049
2011/10/21 0.0070 0.0070 0.0070 0.0070 - 0.0070
2011/10/20 0.0075 0.0075 0.0070 0.0070 141,000 0.0070
2011/10/19 0.0056 0.0080 0.0056 0.0075 26,700 0.0075
2011/10/18 0.0060 0.0060 0.0050 0.0056 632,446 0.0056
2011/10/17 0.0080 0.0080 0.0060 0.0070 132,400 0.0070
2011/10/14 0.0080 0.0081 0.0060 0.0077 669,000 0.0077
2011/10/13 0.0085 0.0085 0.0081 0.0081 171,350 0.0081
2011/10/12 0.0088 0.0088 0.0088 0.0088 40,000 0.0088
2011/10/11 0.0087 0.0090 0.0083 0.0083 336,500 0.0083
2011/10/10 0.0087 0.0087 0.0087 0.0087 56,000 0.0087
2011/10/07 0.0095 0.0095 0.0087 0.0087 365,944 0.0087
2011/10/06 0.013 0.013 0.0079 0.0080 964,527 0.0080
2011/10/05 0.013 0.013 0.012 0.012 211,470 0.012
2011/10/04 0.012 0.015 0.012 0.013 122,150 0.013
2011/10/03 0.014 0.014 0.012 0.012 28,200 0.012
2011/09/30 0.016 0.017 0.014 0.014 150,250 0.014
2011/09/29 0.014 0.014 0.014 0.014 500 0.014
2011/09/28 0.015 0.016 0.015 0.015 371,766 0.015
2011/09/27 0.015 0.016 0.015 0.015 206,000 0.015
2011/09/26 0.017 0.019 0.015 0.017 754,930 0.017
2011/09/23 0.019 0.020 0.019 0.020 136,700 0.020
2011/09/22 0.023 0.023 0.019 0.019 689,435 0.019
2011/09/21 0.022 0.023 0.022 0.022 380,441 0.022
2011/09/20 0.027 0.027 0.020 0.021 1,466,671 0.021
2011/09/19 0.027 0.027 0.027 0.027 122,229 0.027
2011/09/16 0.027 0.029 0.026 0.026 256,000 0.026
2011/09/15 0.028 0.030 0.028 0.030 59,793 0.030
2011/09/14 0.027 0.028 0.027 0.028 49,000 0.028
2011/09/13 0.028 0.029 0.027 0.027 74,400 0.027
2011/09/12 0.026 0.029 0.026 0.027 74,050 0.027
2011/09/09 0.028 0.028 0.026 0.026 88,320 0.026
2011/09/08 0.028 0.029 0.028 0.028 83,492 0.028
2011/09/07 0.027 0.030 0.027 0.029 427,900 0.029
2011/09/06 0.029 0.030 0.027 0.027 36,300 0.027
2011/09/05 0.029 0.029 0.00010 0.028 397,405 0.028
2011/09/02 0.029 0.034 0.028 0.028 397,405 0.028
2011/09/01 0.028 0.028 0.028 0.028 14,250 0.028
2011/08/31 0.034 0.034 0.027 0.028 323,323 0.028
2011/08/30 0.029 0.035 0.029 0.032 253,624 0.032
2011/08/29 0.028 0.034 0.028 0.032 642,600 0.032
2011/08/26 0.023 0.035 0.023 0.027 1,172,877 0.027
2011/08/25 0.024 0.024 0.023 0.023 215,900 0.023
2011/08/24 0.024 0.025 0.023 0.024 225,692 0.024
2011/08/23 0.024 0.025 0.023 0.024 285,798 0.024
2011/08/22 0.023 0.025 0.023 0.023 162,093 0.023
2011/08/19 0.024 0.024 0.023 0.023 130,955 0.023
2011/08/18 0.023 0.024 0.023 0.024 233,303 0.024
2011/08/17 0.023 0.026 0.023 0.024 194,500 0.024
2011/08/16 0.023 0.023 0.022 0.023 745,621 0.023
2011/08/15 0.026 0.026 0.023 0.023 351,541 0.023
2011/08/12 0.029 0.029 0.022 0.026 367,255 0.026
2011/08/11 0.029 0.029 0.022 0.029 331,339 0.029
2011/08/10 0.030 0.031 0.029 0.029 441,114 0.029
2011/08/09 0.027 0.031 0.024 0.028 323,400 0.028
2011/08/08 0.027 0.027 0.022 0.023 210,470 0.023
2011/08/05 0.028 0.031 0.027 0.027 304,337 0.027
2011/08/04 0.028 0.032 0.028 0.030 1,030,229 0.030
2011/08/03 0.033 0.033 0.019 0.030 1,723,759 0.030
2011/08/02 0.044 0.044 0.027 0.030 4,137,274 0.030
2011/08/01 0.053 0.053 0.032 0.042 4,281,710 0.042
2011/07/29 0.080 0.081 0.050 0.050 7,018,184 0.050
2011/07/28 0.051 0.080 0.00010 0.073 14,012,225 0.073
2011/07/27 0.040 0.045 0.039 0.044 157,462 0.044
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I expect to see opening GAPS upwards from here on
UBSS market maker finally disappeared from the ASK
That is the sigm that they had no more shares left to push the price down like they did all along since the 25 cents range...
Thanks to all who held tight and took the loose shares as it will pay off IMO
Hold on to your shares and there will be a good profit taking sessions but don't give your shares away. IMO
No assets but the properties and claims are there!
The value of the stock will be reflected by the future reports and once the value of minerals are estimated then we will see them added to the assets and the share price will follow.
We need a good news and we are in business again IMO
From the last filing, it was mentioned that we should have a report that will be done by 2011...
IMO THE DUMP IS OVER !!! anyone could have closed it at 0.0015 with a gain today...Many blocks at the ask were also taken off...TIME TO RUMBLE
Time to move on and thanks for all the cheap shares ...Mucho gracias amigos
The bid was at 0.001 and the ask at 0.0015 from one thirty in the afternoon till close and no form t this time and no swap of shares near closing or after hours...
Check the trades and see the odd lots that were sold... I think it is over for ASHER but we may still have year end sales.
What can I get Shamika for Christmas???
http://www.minelinks.com/tools/banka_hand.html
Alluvial Gold Deposits
Quebec, Canada
http://www.minelinks.com/alluvial/gold_map_2.html
Check the area on the map where it say Lac Megnantic... still virgin territory !!!
Thank you Crusher2011...they are almost done!!!
I appreciate your comments and your explanation. I would give money to the company under those terms too. The only problem that triggered the drop in the shares prices, IMO, is that ASHER dropped the shares in the market as soon as they got them and took advantage of the savings and made the 70% discount back...At the same tine they reduced the share price so they got more shares to dump again and even more money with the extra shares...
In the last filing, it seems that there are about 40,000 dollar left to convert and I believe this is the last we will see of the dumping.
Notice the note that was payable in september 2011, it was bought by two companies and one individuals so they can pay back the 112,000 owed...
IMO the company was eager to get the money at any price hoping that ASHER would hold on the shares but these people had other plans and it is too obvious from watching level 2 and the day end sales and price manipulation. As far as I know I would keep away from any company doing this kind of financing especially with ASHER...
You may be aware that there is a mining fund that finances compagnies in the exploration phases. They too will sell their shares after the four months holding period so they bring the share prices down of the companies they finance. It is a vicious circuit.
They should be done dumping so we can move on... I will still pick up some loose shares here and there.
Thank you
kimopro
Once the selling of the shares they got from financing then the company will have a chance to recuperate.
It was very obvious the sale of shares was forced down so they get more shares and more shares to sell again and bring the price dpwn. According to the last filing there were about $40,000 plus interest times 150% and then converted to shares that will be dumped in the market...
The market maker doing the forced sales is through UBSS...
IMO There is not much left to reach 0.0001 . But look at how much it can go up and make your math. The claims in Quebec property are real and have not been evaluated yet and I believe it will be done soon.
I studied the map of the geological formations and in my opinion Southern Quebec is still a secret well kept...
Do your own DD...
Did we hit the bottom yet????
So when Asher finishes the balance of the shares they have left may be then some news will make the share price rise...IMO
BTW I am wondering Crusher2011 you seem to have issue with the people behind the company and you wrote many posts that i read and found interesting... But after all the time you were quiet and now the share price is at its lowest, i am just wondering what is your objective in continuing to write. So where this company will be heading in your opinion...thanks
Eastern Townships Project (Quebec, Canada)
This project is situated on lands close to the town of St-Augustin de Woburn in an area known as the Eastern Townships which is approximately 200 kilometres east of Montreal. The property consists of 23 mineral claims having an area of 17.5 square kilometres. Preliminary surveys have found traces of gold on the property, and it is recommended that we undertake additional investigations to localize and determine the extent of the source. The Arnold Morin property is located about 200 km east of Montreal and 35 km south of Lake Township Megantic in Woburn, about 15 km south of the village of St-Augustin de Woburn (maps 1: 50 000 sheets 21 th / 21 th and 2 / 7). The Canada border, the U.S., is located near the eastern boundaries of the property. The property covers a total area of approximately 1750 hectares divided into a block of 41 contiguous lots. Property is situated in the southern Quebec Appalachians in the region of the Megantic. Property sector includes, among other things, the massive Lake Chains and the “Lac aux araignés” (Spider Lake). The formation of the Arnold River, part of the Chain Lakes massif, is regarded as a scale of Grenville. The formation is stuck in a thrust fault against the mixing unit Cambro-Ordovician. It consists of a mixture of meta-crystalline gray sandstone, more or less dark-grained, ranging from fine to medium. We also find granitic gneisses and quartzo-feldspathic granulites (Cheve, 1978). The thickness of this formation may reach several kilometers in the southern part of Quebec.[1
A visit of the Morin placer took place on November 3rd and 4th, 2010. Two pannings were done in favorable places for gold deposition. Two gold nuggets were found in the second panning. The SM analysis suggests that the gold is coming from a regolith. This hypothesis is possible since the river valley is perpendicular to the main glacial flow in a similar way as Gilbert River and Mining brook, where gold-bearing placers are known. The valley is of SW-NE orientation. It is this orientation (perpendicular to the main glacial flow) that preserved the pre-Johnville sediments at Mining brook and at Gilbert River.
GEOLOGIC INFLUENCES ON BENEDICT ARNOLD'S MARCH TO QUEBEC, 1775
RUEGER, Bruce F., Geology, Colby College, 5806 Mayflower Hill, Waterville, ME 04901-8858, bfrueger@colby.edu
In 1775, Benedict Arnold proposed an attack on British held Quebec, Canada, advocating a route up the Kennebec and Dead Rivers in Maine, down the Chaudière River in Quebec, and crossing the St. Lawrence River. Using inaccurate maps, Arnold estimated completing a distance of 280 km in 20 days. In addition to hasty planning, poor boat construction, and bad weather, geology significantly influenced this historic event.
Arnold's ships entered the Kennebec at dawn on 20 Sept 1775, and soon encountered the Chopps, a swift flowing constriction at Merrymeeting Bay, confluence of the Kennebec and 7 other rivers. Beyond the Chopps, head tide of the Kennebec was easily reached at Fort Western and bateaux were loaded. Four divisions then left for Quebec on 29 Sept.
The Kennebec presented four portages around falls over exposed Paleozoic metamorphic rocks. Portages occurred at Ticonic, Skowhegan, Norridgewock, and Caratunk Falls. Beyond Caratunk Falls, the expedition left the Kennebec at Carrying Place Stream heading west.
Great Carrying Place is a 21 km portage that avoided an impassable section of the Dead River. Besides length, a 365 m change in elevation existed, with 240 m occurring in the first kilometer. Portage took 5 days and 5-7 trips for each bateau and traversed quagmire spruce bogs.
Reaching Dead River (17 Oct), easy travel occurred until a hurricane struck (21 Oct). Associated rain caused a 3 m rise in the river. Pressing on, bateaux, supplies, and food were lost trying to pass raging waters at Shagadee Falls, arriving at Chain of Ponds on 24 Oct. A 13 km portage over Height of Land via Chain of Ponds was necessary to reach Lac Megantic, headwaters of the Chaudière. Part of the group became lost in swamps around Spider Lake and one division turned back, the remainder regrouping on 3 Nov.
From Lac Megantic (335 m), the Chaudière drops 180 m in 80 km in a series of continuous rapids with several large falls. Without scouting, these cost the expedition many bateaux and much provisions. Passing Grand Falls of the Chaudière, the expedition re-supplied itself and on foot 550 troops reached Quebec City (14 Nov).
Arnold's short venture had turned into a grueling ordeal of 640 km lasting 2 months. Quebec was finally attacked during a snowstorm and resulted in defeat (31 Dec). Arnold was promoted to Brigadier General and the March to Quebec is regarded as one of history's greatest military logistical operations.
Quaternary Stratigraphy and Events in Southeastern Quebec
B. C McDONALD and W. W SHILTS
Geological Survey of Canada, Ottawa, Canada
Quaternary stratigraphic units have been mapped in the Appalachian region of southeastern Quebec, and formal stratigraphic names for these units are proposed. Evidence exists for four separate glacial phases, the last three of which are represented by tills. The three tills, from oldest to youngest, have been named Johnville, Chaudiere, and Lennoxville, respectively. Stratified sediments interbedded with the tills record significant nonglacial intervals between each of the glacial phases. It is suggested that the last three glacial phases are of Wisconsin age and that the Lennoxville Till represents the entire late Wisconsin. Ice-flow directions were determined using dispersal shadows (indicator trains), till fabrics, and striations. Johnville ice flowed from the northwest; Chaudiere ice flowed initially from the northeast, but later from the northwest; Lennoxville ice flowed from the northwest. Late Wisconsin glaciers did not flow northward or northwestward into Quebec from New England. Pre-Johnville stratified sediments probably record pre-Wisconsin deposition. The Massawippi Formation, recording the nonglacial interval between the Johnville and Chaudiere glacial phases, may correlate with the St. Pierre peat beds of the St. Lawrence Lowlands. The Gayhurst Formation, recording the nonglacial interval between the Chaudiere and Lennoxville glacial phases, may correlate with some of the Port Talbot interstadial sediments of southern Ontario. The Quebec Appalachians were finally deglaciated by about 12,500 C14–yrs B.P.
Alluvial Gold Deposits
Quebec, Canada
http://www.minelinks.com/alluvial/gold_map_2.html
SHMX is cleaning their act IMO
They cleared the lawsuit in their updated report and also the problem with Cambodia. Now they paid their debenture...
Everyone is hush hush may be we will have a nice surprise afterall. They need to report about their tests in Cambodia and in Quebec canada...
Once the numbers are out then the company will have assets on the books for the value of the reserves...
The shares that were dumped that brought the share price to these levels are gone now and it was a buying opportunity for the ones that dared to buy some more IMO
The numbers are very thin on the ASK so it won't take much to see the 20 cents levels again in the short term...
Time will tell. But their website is getting updated regularly. They still need to bring out the results of the tests to move forward to a sustainable level. They also need to get out of the OTC to the NASDAQ to get it moving again. According to their filings there were 72 shareholders in April 2011.
Cheers
Next week I will take a drive to the area where the mine is located to see what activities are going on... only a couple of hours from where I am now...
The mine in Quebec was explored before world war I and they had the two largest nuggets ever found in Canada. They are displayed in the science museum in Ontario.
It was operating till one day they hit a water stream that floaded the mine and was left intact since.
Now that summer is here and with all the new technologies and equipment, I won't be surprised that some news will be coming from that operation very soon.
Also the company has rights in the most fertile gold area in Congo.
Do your own DD...