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Wow I'm really impressed with all the expertise on this board!
UMRC is at: 1280 Alexandria Ct., Sparks, NV.
The facility is located at the Tahoe-Reno Industrial Center in McCarran, Nevada. I don't have the exact street address here with me right now.
I know it's Eskimo cold in the Reno area right now, but I highly encourage a drive up I-80 to look at the progress at the Dun Glen mine site. I believe it is a few miles east off of I-80 at Dun Glen Rd.
according to URHG.net, under projects, they are a placer mine. Also, unless the processing plant once known as Noble has changed addresses, when it became United Milling, it is far from an empty warehouse. I visited the plant on July 30th of this year and it was far from empty. In fact, the warehouse was a buzz with activity that looked like prep work for processing to me. Maybe we are not talking about the same facility...the one I visited has a large 18-wheeler size entrance, for unloading ore, and an equally large exit in a virtual straight shot from the entrance. I'm adding more URHG here at these levels.
lost it's margin status as well today....at least I assume it was today.
Wow, what happened to the stock? I turned my back for a few days and it's down 20% with no significant downturn in the spot price. Anyone have any idea why? No negative news to speak of.....
if you are seeing things, so am I. I just refreshed my screen on Fidelity and you are correct. Has to be an institutional buy, correct?
Costs from these law firms PR's? Since I know for a fact PR's cost money each and every time one is put out on a company, how does this work when a law firm requests a PR regarding a plaintiff hunt? I know NES is not picking up the tab. I guess the firm has to validate the PR, then they just pay PR Newswire for the cost??? Wow, what a way to make a living....more of the new normal I guess.
Even though % wise, $2m is not a ton of cash to him I agree 100% with your assessment....CEO is not going to throw down $2 big bones just to prop up stock and pacify the base IF he knows there is Katrina type storm out there with a bulls eye on the company. With that said, his time frame is probably much longer than the average investor.
Well put Jld...
Good afternoon, I am one of the s/h's that owns shares in the purchase time frame being used by this hand full of law firms. This absolutely amazes me, BUT does not surprise me at all, like so many other things, in this new short term what have you done for me lately world we now live in. I have seen lots of s/h related suits, but not until a stock has been clobbered to the point of being virtually worthless. I don't recall one because of a move down in the range of the Nuverra, low $3's to $2 and change. This downward move was for a reason that was clearly made public. I made the decision to buy at $2.75 and had access to all the company information I could possibly want to read for myself. No one held a gun to my head, so why would I expect some law firm to come in now and save me from my own dealings? Good lord, that is insane and anyone who thinks they will receive a wind fall or even a portion of their paper/realized losses is either desperate or delusional. The stock did go much lower when I thought I was getting a great buy at $2.75, so I did what most "normal" folks do when that happens....I bought more since I liked it at $2.75. I averaged down a little at $2.25, then more at 2.20, thus lowering my cost basis to about $2.48. A a week or so later my overall investment is now in the green.
08/19/2013 15:55:50 Bought 4500 NES @ 2.75 -12,375.00
One other comment about legal expenses. I am no expert on this, but I have been around long enough to know a company like Nuverra, in all likelihood, has full time counsel on the payroll to handle all legal matters whether from operations or equity related such as these threatened s/h suits. In my opinion, I doubt they will have to go to an outside law firm to handle and of these class action threats. Just my opinion and thought I would comment on here since so much discussion. Sorry I got long winded at the keyboard. regards to all....
very good point, I was thinking the same thing, especially down in the low to mid 7's.
Was this actually a TV interview with video or was it just a quote they put up on the screen? Just curious, really makes no difference...just glad the company put out a response. The blogger probably covered today.
good prediction, you might be spot on if we hold here. maybe some final hour big boy buying comes in and cuts the intra day loss even more.
good point!
Big battle between 2.19 and 2.24 area, so where do all the longs think we close today?
I owned this back in 2009 when it was HEK and made money on the stock and options. I recently glanced to see how the company was doing and was stunned to see the price....liked everything I read even with the recent misses.
Good industry, good management, good board. I bought at 2.75 fairly big then again today at 2.25 and just a little while ago at 2.20 to lower my avg. to 2.48. I do feel like the stock will rebound from these levels short term and the next couple of quarters.
my best regards to all....
another s/h'er alerted me to this today, so I figured I would post it on here for anyone interested. new VIDEO on their FB page. here is the link:
https://www.facebook.com/media/set/?set=vb.356061474498451&type=2
I did not, nor would I ever expect mgt., particularly at a s/h meeting, to give any timelines on any projects. They can't do that and if they did, I would be concerned. To give any timelines on any significant project, they would have to do that via a PR and PR's are quite expensive. So, with no revenue coming in yet, in my humble opinion, the only production related PR they need to spend money on is the one that counts the most.....the one that says they went into production on X date.
I know exactly what you mean and how you feel....sort of like left out Leroy....but the management team appears to be playing their cards very close to the vest, which to me is not only a good thing but a sign, in of itself, that the company is very close to becoming a positive earnings entity via gold production. Several leading questions were asked at the s/h meeting, to which standard, proper and very vanilla answers were given. Where we as s/h'ers need to concentrate our energy is on the price of gold, dun glen is profitable well below current levels, but wildly profitable back up close to $1800. I think once the printing of all this money comes home to roost downstream, we crack $2000. I just don't know when downstream is, I wish it was this calendar year but I think the house of cards stays standing through 2013.
I believe the company will be generating earnings from dun glen and the processing plant in the not too distant future. In life, especially for the difficult to obtain things, nothing even happens when we expect it to and all the bad stuff happens way before we expect it to or even worse....when we least expect it. As shareholders, we talk amongst ourselves and share opinions as well as speculate on all kinds of things. However, at the end of the day the guys doing all the white and blue collar work, many of which are also s/h'ers, want this as badly as anyone, which is good enough for me, especially now that I have seen the operation.
I just returned from Reno to attend the URHG s/h meeting and for whatever it is worth on this forum, I came away impressed with management and the board. They all work together in a very cohesive manner and what was equally impressive is there does not seem to be any "glory hogs" on the roster. I have seen far too many companies this size, with real assets, where egos and arrogance got in the way of the ultimate goal. That simply will not happen here. All of these guy's work independently of one another and each clearly knows his mission and is out to accomplish it successfully. A group of like minded, smart, experienced, motivated and tireless people working towards a common goal is a winning combination.
Additionally, I also took a ride by the milling plant and a ride up I-80 to see the Dun Glen mine. Both are impressive. The mine is very close to full commercial production. The day I was at Dun Glen, they were replacing some PVC pipe that had yet to be covered with fill dirt with steel pipe and that process was close to completion. It did not look like there was much more work like this to do. Seemed like the crew there was in fine tuning, final adjustments mode to me. I also saw a few white markers around the property which I believe are geologically identified spots for the first few rounds of excavating.
I have gotten past the fact that the company is not in production yet, since I just saw how close they are with my own eyes, to hoping for big finds out of these first rounds of ore. I would be stunned if Dun Glen is not in full commercial production by the middle part of this month, if not sooner. Just my two cents worth. Long trip from the east coast. It was an all day affair to get there from the east coast, when boarding three jets is part of the process, but it was quite worth the effort.
I encourage any serious shareholders, who are true investors, to make the trip out to western Nevada to see the assets themselves and meet the management team.
PS: anyone interested in history, Google dun glen cemetery. Second link down even has pictures. This small cemetery is near the big United mine equipment with three markers I believe, one of which was a child. I have no idea of the history behind these deaths and burials, but my hunch is it had something to do with gold and thieves.
wise move IMO. I just feel like it will easily get back to $1, pause for awhile then move on from there as results of early production are announced. Maybe a short or two gets caught in a run up and adds to the appreciation with forced covering. From the trading action I have witnessed, I gotta believe there has to be at least one MM'er that may have filled orders without the stock available for delivery. It happens often on these smaller exchanges and they often get away with it.....UNLESS AND UNTIL THERE IS SERIOUS APPRECIATION!
short and to the point...BUY
good article, link below....I certainly don't have the $ to buy gold even at $1500/oz., but hanging on to the shares of URHG I have left is the next best thing, particularly how close they appear to production.
.18 by .20, WOW does that seam CHEAP! If a company can go from no revenue to a few million per month with little to no debt, where does the stock go from these levels, $1.50, $2, $3.....$5?
http://www.optionstradingsignals.com/gold-vs-sp-500-where-is-the-value/
Yes, I believe it is part of the holding company, URHG.
This non-fiction book may be close to a year over due, but I see a potential nice ROI for those that have been patient. Remember too, they are based in Reno which is the mecca for domestic gold mining as evidenced by article below. If this little company keeps scoring small victories and production leads to a decent find, they will more than likely find themselves as a potential acquisition target by one, or more, of the big boys right in their own backyard. Regardless of this recent stock decline, I plan on being around as a s/h to see how the epilogue turns out. Will add in small increments when/if I have any extra cash.
http://www.lvrj.com/business/experts-say-nevada-will-dodge-gold-production-cliff-192830521.html
That Poem was damn funny, even though we all wish we were toasting over flowing champagne flutes right now. ha ha
I did a cut/paste job and sent it to some folks who are never on here....all loved it. Sense of humors are important, but like you guy's, I've lost no confidence in this company and its future. I have pretty serious money invested here, so there success is very important to me. one side note that may ring true with some....I have owned shares in small companies before that put out news damn near daily and while there was a lot of print, they ended up saying very little.....end result...did not make it. I obviously wish we were further along, but I am okay with the way things are being run here.....put out news when there is news and only then. Gut telling me news is around the corner, the good kind. And here is what I am really excited about....I have owned this since 5/11 and you can see the blueprint unfolding since then....when the news comes that all this blueprint work has flipped the switch to ON, watch out....thinly traded can be your friend on the way up just like it can be painful on the way down, like right now when a few s/h's had to exit stage left! sorry so long winded....like to type. Bought a little more last week, buying a little more Tuesday morning. Really like the position I have been fortunate enough to build here....it was painful at times, and had to do without some things, but convinced the ROI will be well worth the sacrifice. Going back to working on taxes so accountant can get these things done.
I think you guy's are right. I looked into this company, did my own dd and started buying. Bought another 10k shares here today. I will take all I can get here under .40, I think we will see a nice run in Q1 and Q2/13 once they become fully reporting and go into production. We need to catch a bit of a weather break in Nevada, but hell the dems say we are all burning up anyway under global warming, so why not a mild Nevada winter! I'd rather load my wagon here and take my chances than wait and see if it goes a few cents lower.
I really LIKE the way this stock has behaved the last few days after a nice run up from the .40 range. Lots of news out like the news out recently that follows which translated, to me, means they will be eying a new exchange down stream.
11:16a ET July 18, 2012 (PR NewsWire)
OTCPK-URHG - United Resource Holdings Group, Inc. ("URHG") announced today that it has retained Mark Bailey & Company, Ltd. ("Mark Bailey & Co.") as its registered public accounting firm with the Public Company Oversight Accounting Board ("PCAOB").
URHG has retained the services of Mark Bailey & Co. to perform such audits of URHG and its subsidiaries as may be required in the future to meet any reporting requirements with the Securities and Exchange Commission ("SEC"). Mark Kersey, URHG's President, stated, "Mark Bailey & Co. will be key in providing strategic advice and PCAOB audit services to URHG in its auditing needs as URHG continues to grow."
Stock is at .90, the bid and ask have tightened up and they have yet to pull an ounce of gold out of the ground....what's the stock going to do once they go in to production? Not to mention what happens if they hit early and big! I own a lot and am currently tapped out on cash, but as I get more on hand it's going right in to more shares of the U.
good article for those that are long term investors. Keep in mind, they OWN this land outright....no leases to pay each month or quarter.
http://www.bizjournals.com/albuquerque/news/2012/05/16/sun-river-energy-to-drill-in-colfax.html
I just noticed an 8K out on the company pointing s/h's & investors to the web site for a letter. The link is copied below if anyone is interested in reading. Interesting potential here at .25 p/s. Sounds like all they lack is a good JV partner with ready to invest capital. If the CEO's prediction is correct in that natural gas prices turn around at some point, the big asset in NM they own makes this worth accumulating at .25 for those not in a huge hurry.
http://www.sunriverenergy.com/uploads/SEC%20Filings/Shareholder%20Letter%204-25-12%20final%20v.2.pdf
Nice finish on the HIGH OF THE DAY. Any weakness in the first half.of.the trading day Tuesday is a buying opportunity in my opinion!
I'm looking for $2 + very near term as we lead up to the official production switch going to ON. They have done all the right things leading up to this point, the right acquisitions (other parties agreed to be paid in URHG stock), very thorough geological study, some professional attention on the company, etc. So, if the stock trades 6 months ahead of future results, as it should, it could blow right through $2 in a hurry. I like the share structure, the industry, the location of the mine (a lot) and their timing seems spot on. As I have more available funds, I'll be adding more shares, all the way up to $1.00-1.20 to my already decent position. I just see loads of value here and enormous upside potential.
Eva is a name from the past, positive sign that she still works for the company.
"I called last night and Eva answered and we discussed HSYT at length. She states the company is very productive and she was recently told that financials would be out within "1-2 months".I have call several times and sent several e-mails ...but this was the first time she picked up."
I see a few posts that sound like what is rolling around in my head. Owned this a long time, not much....maybe 18,000 shares, but paid too much for it obviously. Has this company turned and if anyone knows that answer, can we really make a run here? thanks fellow ihub folks
agreed with a lot of what you guy's are saying. That geological report from 1/18 and all the experience and talent added as directors and officers on 1/31 really got my attention. I owned several thousand shares that I bought early 2011, but these last two events convinced me to add to my position significantly earlier this year. As someone pointed out, the share structure is appealing...leads me to believe no funny business going on here. And as far as the industry (gold mining) and location of the dun glen mine (near Carson City), hard to find better right there. You gotta figure Yosemite Sam, and friends, left loads of it there considering they were using pick axes. haha Gold has a much better chance of seeing $2000+ an ounce than say going back to $1500/ounce, in my opinion. I have some of this earmarked as a trade, but a bigger holding that I will hang on to long term just to see how this turns out. If they hit big, it will get the attention of the big mining companies who just might come along and decide they want it. Lots to like with this company near and long term.