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WITM chart
WITM chart
those two posts are from yahoo board
Historical Info - conclusion
(3 Ratings)
21-Mar-07 10:13 pm
This thread was started as a means to explain a drop in the price of 616 last year for someone who had noted it while conducting his own due diligence. He is to be respected for that, as many here that own this stock just got a lucky tip, and they panic at every drop in price. But if you actually investigate what is happening here, you will soon start to comprehend exactly how lucky you really are. In MY opinion folks, this merger is the next best thing to hitting the lottery for those who bought the stock beforehand, and it is not too bad of a gift-horse to those that bought into it after it crossed the dollar threshold. If this had happened to Taseko Mines or Northgate Minerals, the investors would have been all over it in a heart beat, but it is understandable that people are a little leery when it happens to a "penny" stock. The fundamentals were sound up to $3.00 a share based solely on the prospect of Bates-Hunter POSSIBLY going into early production. Incidentally, that results from that mines have been reported in OUNCES per ton, not grams! Now it is likely the management has ceased the push on that mine for early production in order to address this merger, but THAT IS GOOD NEWS. The merger prospect now pushes the potential of this stock way beyond the original optimistic $3 per share. How much higher? I don't know, but I keep seeing 616 climb and climb, and keep remembering that each share of WITM will be granted TWENTY-ONE of those shares, and I keep upping my expectations. I don't really know, but it is certainly higher than $5 per share!
...........
we're off the SHO list
Why WITM should reach 4.00 asap
(3 Ratings)
23-Mar-07 05:00 am
With the signing of the definitive agreement in a week, then arbitrage should lift the stock immediately to the 4.00-4.50 level in expectation of ADR listing several months thereafter.
For those who think "this is too good to be true," I heard the same nonsense repeated ad nauseum about hi tech stocks (eg., theglobe.com, CMGI, etc.) during the hi tech bull market. As those stocks raced toward TRIPLE digit dollar figures, the rant of "too good to be true" continued week after week after week after week after week. Well, the naysayers were wrong, repeatedly wrong, and they were buying puts and shorting hi tech stocks to the point where many of the short players drove themselves to near bankruptcy. Yes, it's true those hi tech bubbles collapsed eventually but here is why it took a long time for that to happen:
We are in the intermediate stage of a precious metals bull, and it is at this stage that LIQUIDITY INFLOWS become the single most important factor creating shareholder value, NOT fundamentals. All bull market stocks become detached from fundamental reality as liquidity becomes the single dominant factor in determining share price. This phenomenon occurs during the intermediate stage of the bull and lasts until the final stage, although as the bull dies, then fundamentals, and only fundamentals, reassert their dominance in determining stock price.
In the case of WITM, it is about to become the target of a massive amount of Chinese liquidity that, in terms of seeking western precious metal plays listed on THEIR exchange, there are effectively few if any alternatives.
That is the true genius of the Vance White WITM play in his recognizing this fact, and bringing about sufficient fundamental realities into the picture to generate conditions for massive liquidity inflows into little WITM. He seems to have had similar success with Afriore in the past.
The major funds will eventually enter the picture when WITM obtains an AMEX listing. In the meanwhile, here is an ideal chance to get in earlier than the funds whose charters prohibit investment in OTC stocks.
Finally, it is worth noting that Green has been granted 3 million options to buy WITM at 1.02 (as per the most recent 8K filed with the SEC). A fellow like Green is not going to be happy until he can get WITM to a share price of at least 3.00 a share in order that he can execute his options and walk away with at least $5 million.
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easyknit continues ascent! unbelievable......
WITM setting up for huge day tomorrow
WITM ---------here she goes!!!!
WITM hod, lookin' good!
WITM uting again..........
WITM prepare for breakout......
WITM uting
easyknit opens up again!
WITM preparing next leg
easyknit up again on good starting volume!
Cramer is so full of himself, it will be his undoing.
they believe eventually WITM will more closely reflect the coming merge
CRAMER REVEALS A BIT TOO MUCH
By RODDY BOYD
March 20, 2007 -- Flamboyant Wall Street trader turned TV host Jim Cramer, not known for being the shy, retiring type, might have said too much in a video interview he did for a financial Web site.
The host of CNBC's daily program "Mad Money" had hedge fund-trading desks buzzing yesterday after he bragged about manipulating stock prices during his days as a trader.
In the video from TheStreet.com's "Wall Street Confidential" Webcast, Cramer boasts about manipulating the price of a high-flying stock down, and even acknowledges that doing so might have been illegal. The video is making the rounds on YouTube.
"A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game," Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task.
Cramer later said that "no one else in the world would ever admit that, but I don't care."
However, seconds later, he acknowledged, "I'm not going to say that on TV," referring to his show on CNBC.
A remarkably successful money manager when he ran the $450 million Cramer Berkowitz hedge fund, Cramer in the Webcast shared his "tips" on how to drive a stock price down so that a short-position - a bet that a stock price would drop - remains profitable.
He added that the strategy - while illegal - was safe enough because, "the Securities and Exchange Commission never understands this."
A call to Cramer was not returned.
interesting how few folks here on ihub know what going on with WITM; when the storm breaks, this board is gonna go crazy--lol
starting to feel like news coming..................
WITM great start
WITM's post-merger value is now over seven bucks as easyknit continues to rise; merger should be announced by the 31st.
expect more LOIs on Chinese mining properties--they've said they've looked at about 200 and doing due diligence on 5 of them so far
contemplate this, however:
Norman Lowenthal
Director
Mr. Lowenthal became a director of Wits Basin Precious Minerals in September 2003. Mr. Lowenthal is a South African businessman and is Vice-Chairman of the Taylor Companies, a leading private bank located in Washington, and Chairman of SSC Mandarin Financial Services based in Hong Kong. Mr. Lowenthal was Chairman of the Johannesburg Stock Exchange from 1997 to 2000 and currently sits as a member of their Securities Regulation Panel. He was chairman for several public gold and diamond mining companies during the 1990s and has been actively involved in the diamond industry since 1960 assisting in the discovery of several major diamond finds in South Africa
uncertainty, naked shorting--we recently showed up on naked sho list, a lot of people are skeptical or even think it's a scam, a lot of people don't grasp what's happening
as of this moment
1 Hong Kong dollar = 0.128018025 U.S. dollars
so 2.67 (current easyknit pps) x .12802 = .342 in us dollars
.342 x 21 shares = about $7.20 per WITM share
Upon merger, that's better than a 7-bagger from here, and merger LOI is expected within 9 trading days.........
0616.hk on Yahoo Finance--still up good tonight--obviously them folks continue to think the merger is a go...........
easyknit up AGAIN so far tonight...........
according to a poster on hotstockmarket, some guy named Simon from subpennyradio.com tried calling the WITM CEO in Hong Kong live but was told he's going into a legal meeting.
Are you Seymour?
easyknit hit 2.90 !!!
easyknit up again tonight.....still lookin' promising--maybe news tomorrow re: merger? that'd be nice! good night.
good luck rocky!
good luck aiming4
impatience mostly I suppose; want to try my luck on some other stocks; of course, now that I'm out, AIDO will probably launch, lol! Hope you guys get some big news, I won't begrudge it, might even jump back in! glta
been some months since looked at this--YIKES!!!!
thank you fedex for your efforts!!!!!!
yikes--glad I finally sold--nevertheless, good luck to all and hope you all hit it big.