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they got the chart right.
agreed. Be very careful. Perhaps some selling is by those that bought at4-7 cents....that would be normal but this deal and the participants are hard to get a good understanding of them. Talk is always cheap (aka smoke and mirrors).
JFF7
"..a break would also likely violate the long-term uptrend in place since 2001."
Looks more like a three year down trend to me but then you can make a chart say anything if you get creative enough. It might be more accurate to say a break below 1180 would break recent support.
JFF7
PTQ
if you believe them, buy. If don't, run away. If you already own, sell into the spikes.
Management has not changed. A few more advisors whose advice will be ignored.
Talk of a term new debt yet to be signed. Term sheets? What are they legally worth.?
JMO
JFF7
good call. I think you are right about them. Term sheets are cheap, turn around talk is cheap. These guys have been setting targets for years and never making them.
JFF7
LIBOR plus 2% is a good rate so they are getting this money on good terms on the face of it but then you look at the rate they have to sell their gold (10% discount). Puts things in perspective. Sorta like going in buy a new car and the guy saying he'll give you full value on your trade in (but sticks you for full retail on the new car).
Still they get to participate on any upside on gold (if there is some over the next three years).
If they are paying back 300,000 ounces over three years, i guess they are back to targeting 100,000 ounces + of production per year. Good luck with that.
All in all, fresh money (if they get it, only term sheet status right now) gives them new life.
One new change on the board of directors. Sounds like a member of the old boys club gets rotated in.
Lots of lurky water swirling in the financials with a change in year end and delayed audit results. There will be little clarity for quite a while.
Wait for the gains to peak and then consider selling.
JFF7
"Petaquilla es Panama"
I've never had a problem with that statement. As one goes so does the other.
JFF7
They can't afford lights even now..... it's more like strip what wire / scrap metal you can find before you leave the building.
(.5 million market cap which means the market is telling us there is no company without fresh money. I wonder if Fifer has any new friends he can borrow some money from and find a new set of shareholders to sell some new shares in a freshly capitalized company?
JFF7
"They probably couldn't afford the bill for the accounting firm."
what do you mean 'they" can't afford it? "They" don't pay for anything. It's the shareholders that pick up all of the costs at the end of the day.
This puppy is done. Best you can hope for is someone to buy in a large equity position (300% dilution) and then fires management and puts their own people in place.
JFF7
US sounds like it is someone dumping their shares. Canada looks like a stock that needs higher gold prices in order to have a chance of near term survival. Panama could not have run out of high grade ore could it ? Oh what am I saying, grade makes no difference, I forgot. But at least there is the leach pads that are operational now (3 years later) to process the low grade stuff. Right?
I am not "in" right now but I don't think today's share price reflects anything other than the drop in POG. Anything more and the volume would have been much higher and the share price much lower. There is some support here at 5 cents. It would take a new low for POG (less than 1200) to trigger a big drop in PTQs share price below 5 cents. (bad financial news could do it too but haven't seen any of that recently that was new news).
JFF7
well some of Panama's elite were also shareholders so it's no wonder the light turned green.
JFF7
when you are talking court action against a company, you can't be caught on message boards saying stuff as it will be used against you in the court proceedings...potentially even stopping a case before it starts even though the case is good.
JFF7
AR.TO what's up with Argonaut gold this morning?
Bouncing up and down.
JFF7
didn't fifer have it wired directly to his personal account? Maybe not. Just seems that direct.
When this things reaches 5 cents, you know it's going out of business.
JFF7
KUB.V SEN.T Ukraine may seek state of emergency on energy market: PM
http://news.yahoo.com/ukraine-may-seek-state-emergency-energy-market-pm-131443307--business.html
KIEV (Reuters) - The Ukrainian government will seek parliamentary approval on Thursday for a possible state of emergency in the energy sector which would empower it to dictate to gas companies, including private ones, to whom they should supply gas and for how much.
Prime Minister Arseny Yatseniuk's announcement signaled he wanted tight central control of domestic energy supplies as a Russian decision to cut off gas to Ukraine was taking effect.
Russia, Ukraine's main supplier of strategic supplies of gas as well the main provider of natural gas for Europe via Ukraine, cut off supplies to the ex-Soviet republic on June 16 in a dispute over unpaid bills.
Yatseniuk told ministers on Wednesday that a draft law "on a possible declaration of a state of emergency on the energy market" would go to parliament together with other draft laws on Thursday.
"I hope that the coalition (in parliament) ... will support the draft laws which are on the agenda," he said.
The draft law says that in the event of a state of emergency being declared "enterprises, institutions and organizations" in the fuel-energy sector would have to follow government instructions on supply irrespective of obligations under existing contracts.
It would further give the government powers to dictate to gas companies to whom they should sell their gas and at what price.
The legislation appeared to apply to private gas companies as well as the state gas and oil company Naftogaz, Ukraine's biggest gas importer.
(Reporting by Natalya Zinets; writing By Richard Balmforth, editing by Elizabeth Piper)
they have to buy at least 500 shares for it to count as a closing transaction price.
JFF7
oh great ...an "I told ya so" message.
why can't people resist that urge.
JFF7
If you don't see a future...maybe you still see BB as the handset operator. Things are changing under Chen. Handsets will be their least contribution to earnings.
JFF7
have a good meeting guys...wish I was attending. Always good to see the group and talk.
JFF7
This is an easy buy right now. 11 bucks is a given short term...easy 10 + %. Any good trader can see that.
JFF7
MMT.v
just people anticipating news. The volume was not high enough to represent a leak.
Lots of fast money hanging around MMT.
JFF7
Bobby,
if liabilities are that high and rising and there is no production in place, I would be worried about the B word in which case shareholders would get zilch. The insiders could just be stringing things along long enough to unload their friends shares (which could be owned behind the many face=less corporations that hold PTQ shares in Panama).
I did not realize the pillaging had gone this far.
JFF7
"And what i can tell you also, that they have found there samples with over 523 Gramms per Tonne! If you compare it with Panama, they work at Molejon with ca. 2 Gramms per Tonne!"
But wait, "grade doesn't matter"....I remember we got that great line from MJK backed up by the resident Phd psychologist. That's when I knew this board was not a good source of knowledge. Even a dumb cluck like me knew that was crazy talk.
Just like saying the gold ore from the Spanish property can be easily processed at the Panama plant. What a load. Read the ore description of the Spanish property...three different types of ore deposit...do any of them look anything like that of Molejon. Might take a little tweaking of the plant....yikes.
JFF7
that probably means they will have a local candidate to field the position....maybe just one of the existing guys though...maybe that spanish guy with all the old world credentials.
JFF7
fraud is very difficult to prove.
I'd be surprised to see fifer booted but it is worth a shot if you can get your ducks in a row.
The thing I always remember though is that PTQ existed because Panama gave PTQ and Fifer their gold concessions that were worth so much. The company and Fifer weren't given that inherent value without some expectation of returns. The whole thing stops working if you take Fifer out of the equation.
JFF7
point taken.....way too long ago to be relevant today.
I goofed.
JFF7
nevermind...thats way old
Mart Resources, Inc.: Appointment of Investor Relations Firm
I guess they are expecting a lot of questions soon....
CALGARY, ALBERTA--(Marketwire - June 28, 2011) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to announce that the Company has retained FronTier Consulting Ltd. ("FronTier") as its investor relations and corporate communications service provider. FronTier has been retained for a period of six months, and will be responsible for the dissemination of corporate data packages, broker presentations and communications, analyst communications and handling of shareholder enquiries regarding the Company. FronTier will receive CDN $7,000 (plus G.S.T) per month in remuneration and be reimbursed for all approved expenses. Following the initial term, the agreement with FronTier may be extended on a month-to-month basis with the consent of both parties. The agreement is subject to TSX Venture Exchange approval.
About FronTier
FronTier is a full service investor relations firm based in Toronto, Ontario and Calgary, Alberta and headed by Ari Tood and Sam Grier. FronTier is offers investor relations services to an international portfolio of client companies operating in a broad range of industries including oil & gas, mining and special situations. FronTier provides comprehensive investor relations representation to a wide and diverse North American audience.
Mart Resources, Inc.: Appointment of Investor Relations Firm
CALGARY, ALBERTA--(Marketwire - June 28, 2011) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to announce that the Company has retained FronTier Consulting Ltd. ("FronTier") as its investor relations and corporate communications service provider. FronTier has been retained for a period of six months, and will be responsible for the dissemination of corporate data packages, broker presentations and communications, analyst communications and handling of shareholder enquiries regarding the Company. FronTier will receive CDN $7,000 (plus G.S.T) per month in remuneration and be reimbursed for all approved expenses. Following the initial term, the agreement with FronTier may be extended on a month-to-month basis with the consent of both parties. The agreement is subject to TSX Venture Exchange approval.
About FronTier
FronTier is a full service investor relations firm based in Toronto, Ontario and Calgary, Alberta and headed by Ari Tood and Sam Grier. FronTier is offers investor relations services to an international portfolio of client companies operating in a broad range of industries including oil & gas, mining and special situations. FronTier provides comprehensive investor relations representation to a wide and diverse North American audience.
I feel for you guys. If there is anyway to get rid of RF, it should be done. Anybody know any Panamanians with CEO / Chairman mining company experience?
JFF7
starting Portugal with monies to be received and starting up the heap leach will be the "big plan", in my opinion.
JFF7
some of the selling today would be poeple who boughtin the low 20s or high teens for the "deal" and now they are simply selling because they dont want to tie up their cash till July when more money comes.......if this one is to turn around it will take cash and time and new plan...
JFF7
Nice deal...the usual from PTQ.
How many resources did they lose giving up the concessions?
No PDI major contract. Funny how it was keeping PTQ afloat before but now it is characterized as "unprofitable". Spin spin spin
Lots of debt still, no gold production, no major PDI contract, an ugly qtr coming up, ...... did you guys sell into this spike? or are you going to wait till July spike...it has to be better (doesn't it?).
JFF7
not a rumor....
the number to follow though is actual regular users.
but this number doesn't hurt.
JFF7
I think it is important to keep an eye on BBRY. As soon as there is a clear sign that they will be able to turn the corner (become profitable, have growing revenues / profits) this one will take off (from whatever level it is at the time). We are anywhere from 3-6 quarters from that being a possibility, in my opinion.
It could turn north sooner if the business data indicated the numbers were moving in the right direction (handset sale numbers, BES 12 paying sign ups, BBM active users and revenues, patent licensing deals, etc).
I could see the M2M profits waiting a few years before there is any significant profits.
JFF7
I was in it for the trade. I think I have been pretty clear lately that I don't see it as a ongoing investment.
I have been in and out three times. The first two did quite well. The first time, PTQ was my biggest money maker for that year. The last time rebought at high 40 / low 50s only to watch it retreat back down. So when it went back up briefly to high 40s / low 50s...I sold half my position at a whooping 3% gain (not much payback for holding for months). The rest I sold at a loss on the way down with the last going at 31.5. Never like to take a loss ...especially with the promise of "a deal with FQM" around the corner but what are you going to do.
I hope "the deal" gives people a chance to get out with most of their money or a profit but I don't see it staying up for long as people run for the exit and longer term fundamentals take over. The next exit after that will be when POG finally gets back up over 1600 and PTQ revives it's efforts to be a growing gold producer. There will be lots of other gold stock opportunities at that time and I will be playing them instead of PTQ.
JFF7
I am sure your not surprised as you have been saying this would happen for a long time.
JFF7
That is fantastic news ! Good for Blackberry for giving T-mobile the boot. Some "partner" they were.
Now Blackberry is free to provide OTA updates on a schedule they want and aren't tied to the carriers testing schedule.
JFF7
KUB.V - Ukraine - "The Most Profitable Gas in the World"
There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver’s seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.
The driving factor for any energy investor in Ukraine is the pricing environment. There is nowhere else in Europe—or some would even argue in the world—where you are going to get significant access to resources and potential resources for the price. Gas is selling at $13.66/Mcf, while it costs $4-$5 to produce and operate. That means producers are netting anywhere between $8 and $9/Mcf.
Select the reports you are interested in:
Who Will be the Big Winners in the Coming LNG Bonanza
How to Play the Coming Boom in Advanced Fracking Technology
Why the Subsea Processing Sector will See Huge Gains in the Near Future
Investment Opportunities in Geothermal Power Generation
Machine to Machine Technology – A $1 Trillion Opportunity!
Our Top Water Technology Picks for 2013
NO-SPAM: Under no circumstances will we EVER rent, sell or give away your email
Whether it likes it or not, kicking and screaming, Ukraine will have to transform its energy sector, if it hopes to see promised IMF money. Kiev will have to start selling off assets and making the industry much more transparent. Greater transparency coupled with an already-favorable gas price environment, will make Ukraine one of the best places to be over the next 5-7 years.
While everyone is now closely watching the campaigns unfold in the run-up to 25 May presidential elections, in the end who wins the presidency—and even the energy ministry—will determine not if, but how fast the country moves to transform its energy sector.
The crucial next step is a psychological one: Ukraine’s new leaders must come to the realization that their energy assets, particularly the pipeline system, are not strategic assets, rather they are valuable commercial assets. Privatizing these assets could raise $50 billion.
Right now, the pipeline system is nothing but a conduit for Russian gas into Europe. It could be much more. The pipeline system, and the state-run company that manages it, should be turned into a transparent public company in London, for instance. The sale of 50% of the company could generate sizable profits—half of which could be used to pay down debt to Russia, while the other half could be invested in modernization, turning a potentially valuable assets into a commercially realistic one.
Without the right people in place in the new government, we could perhaps lose a year in getting the necessary reforms in place. And continued talk about the “strategic” nature of these assets could cause investors to lose faith in Ukraine’s seriousness about reducing its dependence on Russia. Eventually, it will happen, and what elections will tell us simply is how long it will take.
Related Article: Why Ukraine’s Next President Doesn’t Matter
There are a lot of resources to be developed in Ukraine, and there are also quite a few companies who have assets they cannot development, primarily due to lack of funding or marginal management teams. These companies will now be seeking to transact with larger players.
Historically, the most significant red flag for new investors in Ukraine has been working with the government. It’s too early to determine whether that will change. Bureaucracy generally kills deals more than anything, and foreign companies coming in will never be able to understand how the bureaucracy works. The smart investor will employ capital through a Ukrainian private entity to maximize investment dollars. Western management teams, without help from local partners, won’t be able to operate in this venue even if they are top-notch managers.
The smart investor will also realize that there is no better time to invest in Ukraine’s energy sector. Once it is transformed, the best opportunities will have been seized.
By. Robert Bensh for Oilprice.com
http://oilprice.com/Energy/Energy-General/The-Most-Profitable-Gas-in-the-World.html