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Great interview. I also recently spoke to Jim, nice guy and very professional.
Stock could take off from here.........
volume in my opinion tells the story. we apparently got some of that today - follow through is key.......
tomorrow will tell more of the story.
I usually don't tout penny socks at a major exchange traded chat board but I am in AUY and a small micro miner symbol VHGI. Anyway, AUY looked good today closing over 15. Good luck to all AUY traders, from here we could go a lot higher.
the stock has a chance to breakout. after .017......
the stock has a chance to breakout. after .017......
News today looks good. Finally the focus gets spot on!
Well again here we go.......back over .30 I really didn't see that coming. So now that we are back I guess the next stop is .40-.42.
From there maybe the moon!
This stock sat for months dead to the world. News started to come out and then it went up. It hasn't really had an opportunity to trade technically till very recently. I gotta believe the new base is around .20-.23 and then if we lose that level, we go back to .10.
You play this as you would play any stock with limited earnings and positive news. The next few weeks will tell us which way we go short term. I suspect flat to up but if the over all market takes a tumble who knows.........again, relax and enjoy the ride!
healthy pullback........
After we cross .60 it looks like a buck isn't far off. I wonder what's happeing with the oil drilling? And the gold leases.
It's about time isn't it? We deserve this you know.
Anyway, it appears they are leveraging the coal for more mining operations down the road.
Sorry folks I don't plan to lose anything. And if I do I know that going in. It's all part of the game people. Have fun, roll the dice, and collect.
Either way I am enjoying all of your posts! You guys sound like a bunch of real fun investors.
I just plowed in boys and girls. that was my volume uptick. Take a look at VHGI..........I'm still in there at under .12
Thanks for having a great board! I am seeing .04-.05 on this one short term here, anyone concur?
VHGI Holdings, Inc. Extends Letter of Intent to Purchase Producing Coal Mine Operation in Indiana in order to Secure Consents
Furthers its commitment of nearly 4.5 million dollars already invested
FT. WORTH, Texas, December 9, 2011 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) is pleased to announce that its wholly-owned operating company, VGHI Coal, Inc., has extended its binding letter of intent until January 30, 2012, to purchase, an Indiana-based company whose sole operations consists of operating a coal mine in Indiana. VHGI and Rick Risinger, the sole shareholder of the mining company, are in the process of finalizing the definitive transaction documents and obtaining the various bank, third-party and regulatory consents necessary to consummate the transaction. The parties intend to close this transaction as soon as possible following receipt of such consents. VHGI Coal has already invested approximately $4.5 million in the Company in order to build-out the infrastructure and put the mine into full production by January, 2012.
Mr. Doug Martin, CEO and President of VHGI Holdings, has been spending virtually all of his time at the mine site, assisting Mr. Risinger in financial and operation issues. Upon the consummation of the transaction, Mr. Risinger will become President of VHGI Coal. Doug Martin has taken over the role as acting CFO of the company.
The company has the rights to mine a total of 2,800 acres, with verified reserves of 21 million saleable tons of coal available, with the ability to expand to an additional 80 million recoverable tons. The mine has received all necessary regulatory approvals, and is currently in production. The mine is currently shipping and producing approximately 130,000 tons of coal since August 2011, and is expanding production starting in January. The mine is strategically located within 150 miles of multiple coal burning electrical generation facilities, and has a rail spur adjacent to the property to facilitate a unit train and transportation logistics on-site.
“By having this much acreage under direct control of this operation, and with all the permits in place, we could not have crafted a better scenario for us to enter this sector of the energy market.” stated Mr. Martin "We see this as an outstanding opportunity to expand VHGI’s footprint with an experienced and professional team and to create significant value for our shareholders.” Also Mr. Rick Risinger, an active Coal operator in the Illinois Basin will be pursuing additional opportunities of growth for VHGI Coal as we complete the transaction. “This brings together a solid management team for future professional and financial strengths to further our coal development throughout the Midwest”, stated Mr. Risinger.
Coal has many important uses worldwide. The most significant uses are in electricity generation, steel production, cement manufacturing and as a liquid fuel. Approximately 6.1 billion tons of hard-coal was used worldwide last year and 1 billion tons of brown coal. Since 2000, global coal consumption has grown faster than any other fuel. The five largest coal users - China, U.S., India, Russia and Japan - account for 77% of total global coal use.
Different types of coal have different uses. Steam coal - also known as thermal coal - is mainly used in power generation. Coking coal - also known as metallurgical coal - is mainly used in steel production.
According to a recent U.S. Energy Department study, world-wide coal consumption is expected to increase by 65% between 2005 and 2030. The U.S. share of world energy consumption could increase over that period from 27% to 29%, and the proliferation of clean-burning technologies could lead to even greater demand.
The above acquisition is subject to various conditions precedent, and there can be no assurances that the acquisition will be consummated, and if consummated, the final terms thereof.
About VHGI and VHGI Coal
VHGI is a diverse company with assets and interests focusing on opportunities within the Energy and Mining Markets, Precious Metals and Healthcare Technology Industry. VHGI Coal Inc., a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Coal Mining industry and intends to pursue these opportunities through Lease-Purchase, Acquisitions and Joint Ventures opportunities.
"Safe Harbor" Statement:
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks, contingencies and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
Investors are invited to obtain information concerning our operations at http://www.vhgiholdings.com or by calling shareholder relations at (954) 548-3086 or emailing info@vhgicoal.com.
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good volume today and holding up nicely a little consolidation is a good thing...........
Now this board looks like it's coming alive, and it should......:)
Why so much anger? Listen I have said this before. Who cares about the past. With penny stocks, all that matters is right now to the investor or trader is how good was my last trade. If you made a double sell half and forget about it. Worse case you braek even. Don't like that strategy than sell 3/4 and the rest is the bank's money. There are no paid pumpers on this because there hasn't been enough volume. And even if there are or were who cares. Most of us are in at .09 so sell some of it and move on. That's why it's called the investment game. Some win some lose. I happen to believe this is not 100% BS. But even if it were so what. You lose here you make it up somewhere else. If you can't take the heat, get the freak out of the kitchen.....
Oh and by the way, this could worm it's way up higher so don't be surprised, and I am not on the inside, outiside or any side-just a small invetor that plays the game. Sometimes these little stocks just do weird shit-relax people and just stay in the game.
total sham. Hecla should be at least 7-8 WTF???
A sell off is a good thing. Let this puppy retest some resistance than we go higher. Volume will come........... Happy thanksgiving.
Let's be clear here folks we have a lot of insider shares owned by one guy both directly and indirectly; here's a tid bit. And this is not a bad thing either!! Obviously if he is buying VHGI, he must understand the what they are getting into. His group owns at least 16 million shares. Smart guy it seems. By the way, Royal gold closed at $76.43 this past Friday.
James W. Stuckert
Independent Director
Senior Executive of Hilliard Lyons, Inc.
Director Since: 1989
Royal Gold Committee Membership:
Audit Committee, Compensation, Nominating and Corporate Governance Committee
James W. Stuckert is currently a Senior Executive of Hilliard Lyons, Inc., a financial asset management firm. He joined Hilliard Lyons in 1962 and served in several capacities including Chief Executive Officer, prior to being named Chairman in December 1995. He served as Chairman from December 1995 to December 2003. Mr. Stuckert has served on the Board of Governors of the Securities Industry Association and as Chair of the Securities Industry Association Regional Firms Committee. He also served on the Nominating Committee of the New York Stock Exchange.
Mr. Stuckert received a B.S. degree in Mechanical Engineering and an M.B.A from the University of Kentucky.
.29 last trade, unreal...........
it's been here before without real news. This is actually an improved situation.
However the market makers are working the sides so we'll see.
It takes time. Meanwhile they are now involved in an operating coal project which is huge for this company. The gold will come and so will the oil.
It now looks like they have transformed themselves into a viable mining operation. Investors will never see these stock prices again. I am looking for .20 near term than upards of .45 and higher. This may be your last chance to jump in under .20, though I think it may very well gap up one day on the opening. This is what we have all waited for. Let the accumulation begin!
Going higher, nothing more to say.
Technicals looking real good right now. Once we get passed 10.20 or so we are off to the teens.
Good follow thru on volume price doesn't matter much right now though an uptick is better.
We could see .18-.20 maybe with same or better volume.
10 times ave. volume 60% plus move to the upside. I would say that maybe we have a shot here. Next point of resistance around .195-.20. We need volume tomorrow. We get another 500K and we go higher, no doubt.
I think it is only a matter of time. They have real people working here, they answer the phones they return calls. What else should you expect. This is an early stage exploration company in the process of shifting gears so we will see what happens.
I think this is no different than any other small penny stock looking for a break. Maybe today we finally have some real buying and we start the climb!
These things take time, relax.....
I guess anything is possible, like the U.S. dollar falling apart.
Listen, investors invest for the long haul. Traders trade on short term fluctuations. If you play this for whatever you think it is, you will do what you set out to do. Nothing is guaranteed here right? So just play this for what ever it is. Not sure which geologist got stiffed, but my sources tell me the company is on the up and up. If not, I didn't bet the ranch anyway, so oh well.
yea i guess i'm a little behind the curve.
However, I agree but I wonder, how can all chinese stocks be bad? Hogs, again IMO seems more legit than some others. I guess next week will tell..........You never know. Could hit 10 and change than maybe 11-ish if we some volume. The sellers already washed out the stock.
I meant HOGS not hohs but that is sort of funny......
No it's a buy at this point. It was a buy over 10. Not all chinese stocks cook the books and Hohs IMO is legit.
Could be a slight break out coming. Either way it's starting to get some play. Out with the old in with the new. The new properties they have, have value any way you slice it. I am not arguing the past debacles but this is a new day friends.
Good stuff Steve
This is a stock you need to look up and take notice of. Lots cash on hand no debt.
bought some more today, I think this is the turning point.
Yea just joking..........however I think whatever they did in the past is in the past.
I am up on this stock as crazy as that may seem so I can't complain. December will be an important month for these guys.
Volume looking good! Here we go......