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Yep...bag holder.
I read the report from 3M and all indications that there is gold in them hills.
Did not see mgmt missing payments and loosing the entire project.
I have invested in TRER. I did see articles about the battery plant being considered and immediately thought of TRER.
This link refers to graphite being in demand for the batteries.
http://www.indmin.com/Article/3315690/Tesla-battery-plant-will-need-6-new-flake-graphite-mines.html?ArticleId=3315690
Mxom is the buy at 5 cents if you want in with CRCUF.
I think we agree.
Especially with the warrants being offered at the strike price of 15c
The shares you lose (82%) when the merger occurs will be gained back if the sp goes to the 15c in 3 years.
Sorry if it appears that I am down playing CRCUF's current projects.
This (MXOM) was expected to be bought by a major producer not a junior. (From what I read on CRCUF management this could turn out good.)
I think the "deal" goes through.
MXOM has positioned themselves in a corner and need a "bail out".
How can you say canarc is a .30 to 40 cent stock with "no production".
Production is 3 years out on the Polaris project.
The "value at .20" cents is with the current production agreement with MRT. (It is only a "pilot mine".)
Keep in mind M3 drew up a "full scale mine" in the PEA. (They do not do small scale analysis.). It had a $485m mine cost with a payback in 3 years.
Mine life was 25 years. This is the lowest cost open pit mining at $500 per ounce.
It should be good for Carnac going in with a scaled down mine.
Gaintrader,
I wish you the best and the following is only my opinion. Obviously, I am a "bag holder" at this point. Therefore, my "opinion" loses credibility.
Keep in mind the current (vortex) management bought enough shares to oust the previous management. (They won the votes to have them taken out.).
As I understand they are out if Hong Kong....they bought at an average of 25 cents or something like that.
An evaluation a while back indicated that the mine is worth 20 cents if no improvements were made and everything continued as it stands today.
Management racked up debt trying to promote the stock and complete economic studies. (They were only interested in selling the asset.)
I think this deal will close. I think it is a great fit for CRCUF. The mine already has permits / production. This means that any good management can step in...find the current "bottleneck" and increase production instantly on any $$$ spent. (Every $ spent will result in an increase in production.)
As with the Polaris project...they are a long stretch from "producing".
With CRCUF wanting to produce verses sell the asset the mentality will be totally different. CRCUF more than doubles it's "gold equivalent" with the acquisition. (M3 had it at 1.7m ounces.....as I understand Polaris is about 1m "gold equivalent".). Keep in mind it is believed that there would be more gold found with a further evaluation from M3. (It cost more money than the mine production could offset.). As I understand management needed 6m more to pay for the PEA that they wanted...which they felt would offer a better assessment of the mine.
It is a steak for CRCUF. Perfect match!!!
However, if for some reason that CRCUF decides against the project Mxom is at risk. I believe that to be the reason for the immediate 2m worth of additional shares. (The current debt needs to be covered immediately.)
This you see the share price. There is risk. No, I am not going to throw more money at this.
However, if gold returns to its peak and Polaris project comes on....this could be huge 3-5 years out.
http://www.indmin.com/Article/3315690/Tesla-battery-plant-will-need-6-new-flake-graphite-mines.html?ArticleId=3315690
Looks like graphite in demand...
Kayne,
You have been on the MNAP board. I guess you follow oil in Tajikistan.
How is tethy's doing in Tajikistan? These guys have properties there as well as Russia's Gazprom. I know gazprom drilled a deep gas well a year or so ago...nothing was reported.
Tethy's appears to be in far better shape than MNAP. (As they are an actual producing company.)
Fresh from a yahoo news board. It reads much more excitement. Than this board.
--------------------------------
Vancouver, BC / ACCESSWIRE / March 7, 2014 / Source: Tech Venture News - Last week electric car maker Tesla Motors (TSLA-NASDAQ) announced plans to construct the biggest lithium-ion battery factory in the world – likely in Arizona, Nevada, New Mexico or Texas.
In its press release, Tesla stated:
“As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible.
The Gigafactory is designed to reduce cell costs much faster than the status quo and, by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013.
By the end of the first year of volume production of our mass market vehicle, we expect the Gigafactory will have driven down the per kWh cost of our battery pack by more than 30 percent.”
This factory will disrupt the car and the battery industry for the foreseeable future. By 2020 it will produce enough lithium-ion batteries to service 500,000 electric cars. Tesla – with a market cap of $31 billion – is already using half of all the batteries made for electric cars for its Model S car.
Tesla’s “giga-factory” would more than double the current global lithium ion battery production.
There is 10 to 30 times more graphite in a Lithium-ion battery than Lithium. Therefore, the demand for graphite is going to grow substantially.
In 2013 China produced 70% of the world’s graphite but it has recently restricted exports by instituting an export tax. China’s graphite grades and quality of its production are also decreasing. The world’s demand for large flake, high purity graphite is increasing exponentially.
US technology driven companies (ones that use Lithium Ion batteries) like Tesla will demand a stable domestic graphite supply to guarantee their needs for future production.
Of the many companies aiming to supply the demand, USA’s Graphite One (GPH-TSX-V) (GPHOF:OTCQX) appears to be well positioned. The US currently imports 100% of its graphite.
The company is developing the largest, high-grade, large flake graphite deposit in the United States and North America for that matter – the only one of its kind.
The project has over $4B worth of graphite in the ground according to the last
resource estimate the company made public. To put that in perspective, that’s enough graphite to supply the needs of growing US demand for the next generation.
“It is exciting seeing one of the most significant, coarse flake graphite resources in the world grow with every drill hole,” stated Anthony Huston, GPH President and CEO for Graphite One in an interview with Financial Press, “an advanced stage graphite deposit in the United States is a significant advantage, for both permitting, funding and off take strategies in the near future.”
The Graphite One deposit is scalable and could exceed one billion tonnes. The ease of extraction is a competitive advantage. Since the deposit is exposed at surface with no overburden along the face of the mountain, the cost of extraction will be low, offering a strong competitive edge. Graphite One could be a low cost producer to buyers of technology-driven graphite products.
Last week’s announcement by Tesla was not only a game changer for the auto industry. It will be a paradigm shift in the technology arena for large flake graphite end users.
Graphite One is currently trading at a .16 with a market cap of $19 million.
SOURCE: Tech Venture News
It is official.
Look at ihub / PMI / news.
Just a little article stating MNAP sold 40m shares.
Ok. Yea, stockhouse tracks PMI very well.
What are these guys doing? They basically sold off riding the coat tails of shell.
Will they ever do anything?
Where do you see that????
MXOM currently trades at approximately just under $3 per gold ounce "in the ground".
Canarc gets MXOM for 82% of the shares making it under $2.5 per ounce in ground.
PEA has it rated as having 1.7 million ounces, 100 million shares, and trades at 5-6 cents.
Actually, that pump & dump does give a summary of the estimated resources reported in the PEA results.
Management at MXOM was cheesy. Here was there effort to promote the stock using a "pump and dump" scheme. (This was the makings of the management prior to Vortex.
I was introduced to the stock as a producer that had funds to purchase the PEA. (Lack of cash caused many delays of the PEA release.). Maybe Carnarc will not have to go with the expensive PEA's and produce (with their own sample drilling holes.)
Below is the pump & dump...shows proof that they were looking for a buyer. (They had no anticipation of producing.)
-----------------------
Sent out around the middle of March 2013. Sent by Penny Stock Crown,
It was cheesy as all get out with a rooster on the first page.
-----------
Penny Stock Crown.
See below!!!
Pan American Goldfields (MXOM) - Price $0.20
Hello Subscribers,
Our NEW CROWD FAVORITE is MXOM
NEW ALERT: Pan American Goldfields (MXOM) - 0.20 cents...
New record production and major upgrade to gold and silver resource just announced - Gross in situ value of increase is US $900 million - paves the way for more than a 1,000% increase in production and revenues.
Begin your research here: http://www.panamgoldfields.com/s/Home.asp
MXOM is a silver and gold producer with new record high production at its Cieneguita mine in Mexico's booming Sierra Madre gold-silver belt. The Cieneguita deposit did contain a NI 43-101 compliant resource of 1.1 million Measured and Indicated gold equivalent ounces. This amount was just dramatically increased to 1.7 million gold equivalent ounces by Engineering giant, M3 Engineering of Tucson Arizona. This amount is expected to increase further as a new program further defines known high grade zones and the limits of the deposit. Current gross in situ value is now more than US $2.55 billion.
Are Pan American Goldfields' shares about to take off like a rocket ? With a PEA (Preliminary Economic Assessment) for a dramatic expansion of its Cieneguita Mine'd production just weeks away and its neighbors on the acquisition trail - it looks increasingly likely.
MXOM is already producing gold and silver at record levels (see news release here ) and it expects to announce the PEA for its Cieneguita Mine in the coming weeks.
New economic, high return gold deposits have become a rarity, which is why many gold stocks have not performed. For example Barrick Gold, the worlds largest gold miner, has seen its production drop 15% over the past 7 years despite spending $ 20 billion.
The opposite is true for for MXOM. After spending a fraction of this amount - about $ 50 - million on its Cieneguita over the past 8 years, the amount of gold and silver and production levels are growing explosively.
The company's just release gold and silver resource increase is absolute proof of this and it is so incredible! that it would be quite frankly, unbelievable, if not for the stature of the engineering firm - M3 Engineering - that did the work. M3 is blue-chip and is huge. In fact M3 has developed more than half the new mines in Mexico over the past 20 years, a mind boggling number for Mexico, one of the world's most attractive, fastest growing and sought after mining destinations.
Management's record of producing major winners
But looking at the track records of the company's board members and we should not be surprised that MXOM is becoming a major success:
George Young
Director, he founded IRC which was bought by Royal Gold in 2011 for $750 million. He Co-founded super-stock MAG Silver (Rocketed 3,500% from its IPO and is still up plus 2,000%) not enough - he also acquired and started development on the Guacamayo which turned into a $700 million acquisition .
Andrey Koniuhov
Director, he has discovered and developed more than 40 million ounces of gold making him one of history's greatest gold mine developers. As head of Polyus Exploration his gold discoveries and mine developments propelled Polyus from the 11th largest gold miner in the world to the world's second largest gold mining company by reserves.
Hernan Celorrio
Director, former Barrick Gold President - Argentina, Barrick is the world's largest Miner by assets, he was responsible for development of the Veladero, Barrick's largest gold mine.
Neil Maedel
Chairman, financier, resource stock expert - famed as a backer of companies such as gold miner Arequipa Resources (subsequent rise 4,923%), penny stock Corriente Resources (later taken over for $600 million) and Ultra Petroleum which rose from $0.25 to $205 per share! The development of MXOM has been is focus for the past 3 years. If this is anything like his past winners the results should be incredible.
Upcoming Expansion
Fully developed, management expected revenues, net to the company (using current gold and silver prices and a $500 cash cost), from the commercial operation to reach $87,865,000 per year. That's about $0.98 per undiluted share. The new M3 results however have upended these numbers as they cause a radical increase in likely future cash flow and profits. It is something that will come out in the PEA being completed in the next few weeks.
Takeover Target
Our bet is that MXOM never gets a chance to expand but is instead snapped up by larger miners desperate to replace their declining reservers and production. Think of Barrick's decrease in production despite spending $20 billion. This kind of story is endemic in the industry making MXOM's gold and silver mine all the more desirable.
Most likely is that MXOM gets snapped up by one of its neighbours. A miner smaller than MXOM, called Grayd Resources was bought by Agnico Eagle for over $218 per ounce (MXOM is currently trading at around $10 per ounce - just like Grayd before its PEA) After the PEA Grayd's shares exploded - from a few cents to $2.80 per share. (Another reason we rate Agnico Eagle the number one candidate is its Mexican head is intimate with the Cieneguita's immediate area - he developed Goldcorp's El Sauzal mine which is only a few miles away from the Cieneguita thus He has the knowledge base to move fastest in this race to price and acquire MXOM).
If Agnico doesn't move fast enough there is also Coeur d'Alene Mines (NYSE:CDE $24) which is hungry for reserves, or Alamos Gold (TSX :AGI $15) which operates the Mulatos, one of the area's lowest cost mines. Also a great candidate to buy Pan American is the Mexican mining company, Minera Frisco (MX:MFR $54). It just bought the Ocampo deposit which is a few miles north of the Cieneguita for $750 million last October. All of these companies are looking to replace their depleting deposits and grow their reserves with an asset like Pan American's Cieneguita.
PennyStockCrowd believes MXOM is among the greatest opportunities of this decade! Here's why:
Positive operating cash flow (excluding development and exploration);
A major silver & gold asset;
Production growth and cash flow set to rise 1,000% in only the next three years;
Bargain priced at $11 per oz gold valuation - this most certainly cannot last;
Executive includes some of the industry's most accomplished veterans - greatly increasing the likelihood of success;
The probability that the company's share price rise will be fast-tracked by a bidding war, as companies like Minera Frisco or Coeur d'Alene Mines attempt to add it to their stable of low-cost high-return, producing mines.
Follow the CROWD and Quickly put MXOM on your RADAR! little known by investors It has yet to be discovered by investors at large. Several institutions specializing in gold stocks have already, according to SEC filings, quietly accumulated over 30% of its shares. Canadian resource stock experts Fundamental Research just named Pan American as one of their top picks for 2013! Click here...
You don't want to miss this opportunity! PennyStockCrowd is putting MXOM on high alert due to the company's PEA study, explosively growing gold and silver deposit, accelerating positive cash flow growth, and world-class All-Star Executive Team!
We are confident that the more you learn about MXOM , the more impressed you will be!
Sincerely,
PennyStockCrowd.com Team
Discloser, Disclaimers : http://www.pennystockcrowd.com/disclaimer/
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MRT buying shares is what attracted me to the shares I have purchased.
Insider purchases can be a really good indicator of belief in the organization. Management to date has not been trustworthy. MRT was at the site mining; therefore, who better to put up cash to purchase shares. They are a believer. They were buying at .125 cents a share. (It is shown in the 10-q)
Not sure, but I think they look at it as a lifetime of employment. A full scale mine at 485 million had a life of 25 years. (1st five years are the best then production tappers off.). With the 1/10 scale mine it will produce for a long time.
Point being, they will be happy to get some new equipment and increase production. If the MRT management is not selected to become an employee they reap the benefit of the price of the shares.
Guess I am just upset that I am a bag holder on this one and now I am loosing 18% of my shares. (The warrants offer the chance of getting them back.)
Oh well...at least it is not a bankruptcy and my shares are disposed. I bought as a cheap way to have gold in the event the $$ crashes. Looks like it will be better off with carnarc mgmt at the helm.
If gold goes up in the next 2.5 years my warrants should become favorable.
I had the same thoughts about MRT.
The DD really just reiterated all the points of the deal. Did not offer the insights of the current PEA which I believe Canarc share holders have the best end of the deal. (As stated in the DD.)
I would assume MRT flows into the program until next year. Then I think this new management team will know how to run the mine. (As of now MRT pays 35% of the revenues.). Owning 80% carnarc may be able to take more of the profits and have ownership of the equipment and mgmt vs MRT.
I think MRT bought 20% of the shares as they anticipated a future buy out.
They will have their shares and warrents.
My point...they took money away from a project the was being funded by SHELL.
All because they were not on the board of directors of PMI.
They really should have rode the SHELL backing!!!!
Simple.
No one trust the management. Been a long time...yrs.
Selling PMI at 5 cents to form a "rehab project". Timing of the sell was horrible. PMI was a better bet than a rehab project that they are not capable of managing.
You are right...they still have 50m of PMI stock.
These guys (mgmt) sold a serious amount of their position in PMI.
They sold it when Shell was (still is) drilling an evaluation well. (Sold millions of shares at 5 cents or so.)
They sold the share at a very low lever to raise money for their rehab project. (Which has yet to take place...I assume the money has been spent on other things...salaries.)
Meanwhile, PMI is at 24cents today.
It was soooo obvious that it was a mistake when the transaction was made. These guys should be in jail.
I really do not view Canarc as purchasing the entity.
I may have missed the facts; but, here is a shot at the numbers.
82% of MXOM shares will be combined into Canarc. Mxom share holders will receive 25% of a Carnac warrant / share. (Exercisable in 3 yrs...did not catch the strike price.)
Canarc is issuing 22 million shares. I assume it is to cover the current MXOM debt. (Mxom share holders were strung along made to believe that the pilot production line ran by MRT was keeping it out of debt.)
Mxom had NO plans of becoming a producing company. They needed 6 million more to perform an extended PEA which they believed would have revealed much more reserves and attracted a buyer. (The current PEA looks is attractive; yet, they did not know that it tells the entire potential of the project.).
Based on the PEA by M3 I would think Canarc could find funding for a scaled down mine.
All the above said....I do not see this as Canarc "buying" Mxom. Looks to me like they acquired it for 2 million which they do not immediately have the cash.
I wonder how Canarc has a share price of .10 cents / market value of 11 million. (Not normal for a small mining company without production in today's market.)
If gold prices go crazy again and reach into new highs this could be a winner. (It will take time; yet, it looks like an avenue for Canarc to become a producer.)
There is a more recent 10-q filing seen at yahoo.
Their releases used to show up on ihub.
Regardless, it confirms that the agreement with MRT pilot line is extended through 2014. (Ending 1/1/15 as you mention.)
It is my understanding that MXOM owns 80% of the mine.
MRT (mining company that owns 20% of the shares) was responsible for mining expenses and paid MXOM 35% of the sales.
I never did see a contract with the end date. (I would guess it is true based on the other documents showing it ended 2013.). I am told they are still mining....Vortex entered a no reporting zone for 3 months prior to this news.
Not pissed!!!!
Just state your case. You are the one making a case for Canarc mgmt.
What do they own without MXOM? (It could be good things...I have bit had time to look.)
Just telling my immediate thoughts at a first glance.
Mxom's plans were to sell. They needed 6 million more $$ to get a further established PEA (more samples and holes drilled to get picture of what they believe is really at the site.).
You are WRONG!
485M was in the PEA. An opinion of 3M (based in Arizona) which is an established engineering 3rd party that legally performed the PEA.
This PEA should allow a good management team to get the funds needed to start a scaled down mine. (1/10 maybe?)
You are right. Current MXOM management is in over their heads. (They are investors that bought enough shares at an average price of 25 cents / share to oust the previous management.)
Looks like the canarc management is MUCH better. However, it does not appear to me that their current projects / 114m outstanding shares compare to MXOM / 100m shares. (Here at mxom we would have rather had a buy out vs. dilute our MXOM shares with Canarc. JMO!!!!)
Hopefully you can correct me and tell us the value of Canarc without the mxom deal.
Looks like Polaris project has capability of producing in 3-4 years (at what cost...do they have a PEA.)
Without a PEA no one is going to fund the project.
Yes.
It will be of the 2 entities to develop. (Verses what???)
Mxom only did a PEA and used it's small mining company MRT to pay for it.
It is 2 million in debt at this time.
However, mxom does have a open pit mine (cheapest type of mine) and a PEA that says one can build a full scale mine with $485 million. (Payback of 3 years...mining life of 25 years...production tappers off after the 1st five years.)
Looks like they are diluting right from the start.
22 million shares to raise 2 million is listed in the pr.
2 million not going to get this thing in production.
I see that there are 3 symbols listed for Canarc. CRCUF has 110million outstanding. How many outstanding for the other 2 symbols?
MXOM has approximately 100 million.
Looks like we are experiencing dilution from the start. (This is the downside I see.)
Whatever the numbers were...the pea had a payback of 3 years on the mine.
It was in my post.
I do not remember the numbers...
I think your asking about the price of the scaled down mine???
The PEA has the cost of a full scale mine at 485 million. (As I recall.)
This is from lumberdoktor on the Canarc board. YouTube video seen below.
I been holding mxom for some time. I think our shares will be diluted. As I read it we will keep 82% of our shares when transferred to Canarc. However, we will have some warrants that expire in 3 years.
Not sure what Canarc has to offer with there current share price at 9 cents. (How many outstanding shares do they have?). Still looking into this deal?
From lumberdoktor....
NEWS! Feb 10 2014
A must see exclusive interview with the new Canarc CEO.
FOLLOW THIS YOUTUBE PAGE
AND
LIKE US on FB @ Jacobsen Enterprises for the most stories and news from Canarc.
Does MXOM meet your criteria...
Going to take a lot of cash; but, it could be ok.
You posted that they would buy a producing mine....
$CRCUF expected to have an announcement by 2/28. We have a source (not Canarc) who confirms there is a deadline and funding available for a mine in Mexico. The deal is roughly $45 Million Dollars and will bring Canarc from an explorer to a producer.
This is exactly like EXK with the same Management and business model.
EXK for example took a company in 2003 from a .10 stock and $300,000 of working capital to a high grade discovery miner in 6 months.
EXK's market cap has reached over $1 Billion and currently sits at $560M with a PPS of $5.60 and a high of roughly $15.50 in 2011.
An interesting fact to point out is that EXK who is the same management and board members of Canarc has operated in Mexico for over a decade now in Silver mining operations.
I want to emphasize the parallel of EXK and CRCUF for one very important reason. They are essentially the same people. They share the same office in Vancouver BC and Brad Cooke has a track record that is something to behold.
By buying up under performing gold mines in Mexico like EXK did with Silver, and following a business model which is hard to duplicate unless you are Brad Cookes' team, I think this is the beginning of the end of a .10 CRCUF stock and the introduction of the rise of a their second beast of a company - this time in the precious yellow metal.
Look at one headline from today. Canarc isn't the only ones who are capitalizing on opportunities in this area of the country.
HEADLINE 2/14/14: Billionaire Carlos Slim’s Minera Frisco SAB agreed to acquire mining assets in Mexico from AuRico Gold Inc. (AUQ) for $750 million in what would be the largest gold deal involving a Mexican company.
There is less than 2 weeks before the expected announcement as it correlates to the deadline for a commitment on 2/28/14 which I'll now talk a bit about PPS and technical factors that hopefully will demonstrate the value at current levels.
Ok..
Give us the pitch on Canarc.
You can read my posts and find what a "scaled down" mine could do at MXOM.
What projects does Canarc have in place????
Positive on gold....as always at gold seek.
http://radio.goldseek.com/nuggets/rule.02.20.14.mp3
Vortex acquired enough shares at 25 cents to get enough votes to take over leadership of this stock.
Now they are destroying it. Looks like there is debt that is not paid. They need to announce what the deal is with MRT allowing some source of cash.
Probably smart....
They are way past the quarterly report deadline.
Are they ever going to report.
Gold seek radio...
Positive on gold mining stocks for 2014
http://radio.goldseek.com/nuggets/schiff.01.30.14.mp3
I take that back.
It will take 3 years.
Drilling does not start till the end of this year.
News release....yesterday.....finally...I am sure it will take 2 years to get results.
MNP Petroleum Announces Commencement of Tajikistan Operations
MNP Petroleum Announces Commencement of Tajikistan Operations
BAAR, SWITZERLAND--(Marketwired - Jan 23, 2014) - MNP Petroleum Corporation ("MNP" or the "Company") (TSX-VENTURE: MNP) (OTCQB: MNAP) is pleased to announce that CJSC Somon Oil, a Tajik company whose 90% shares are owned by DWM Petroleum AG, a wholly-owned subsidiary of MNP, has commenced operation on its Western license by starting the preparation of the drilling location and access road for its first well.
CJSC Somon Oil is the license holder and operator of the Western license, covering the Zapadnyi (Novobod and Obchai-Kalacha allotments) contract area, and the Northwestern license, covering the Severo-Zapadnyi contract area. Both licenses are located in the prolific Fergana Basin in the Sugd region northern Tajikistan, and both licenses are operated under a Production Sharing Contract dated May 7, 2012. Interpretation of recently acquired seismic resulted in several drill ready prospects and CJSC Somon Oil has selected Kayrakkum B as the first well to be drilled. It is intended to spud beginning of the third quarter 2014.
On January 16, 2014, CJSC Somon Oil entered into a contract with JSC Sugdnaftugaz for the construction of the drilling location and the access road for the Kayrakkum B exploration well. JSC Sugdnaftugaz, based in Neftebad, Tajikistan, is a reputable oil field contractor with over 50 years of experience in these operations in the area.
Dr. Werner Ladwein, CEO and President of MNP, stated, "that achieving this milestone for the exploration campaign of MNP in Tajikistan is a very important step for the exploration of this part of the Fergana basin."
Red chip misses again.
They promoted MXOM (mining). Said buying into the 25 cent range was safe. (Sits at 4 cents and red chip is nowhere to be found near the stock.)
These companies call REDchip when they are needing money and wanting to dilute the shares. They need someone to drive the price up because they are going to put shares on the market.
The day they call Red Chip they know there will not be earnings to make the stock go up. They offer Redchip some shares to go out and pump the stock.
Maybe a good stock here...yet; when????? In the meantime...when Redchip is present I assure that they are looking to issue more shares. (Or an insider is wanting to sell.)