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All of those are excellent questions that I share with you as well. I am holding my position in LSTG in the hope that the RM will generate very positive share price action either just before or as a consequence of the RM. Perhaps our esteemed colleagues will be willing to share their insights and recommendations!
I have been a longtime follower and investor in LSTG and am very intrigued by the latest indications of a Reverse Merger in the offing. In your best estimate, what is the most likely range for LSTG in the event an RM appears imminent or is actually announced? Assuming that occurs, what should we do? Get the best deal on selling LSTG when the price bump occurs? Or ride out the RM and see what the new valuation of LSTG stock will be under its new incarnation following the RM? I value your opinion.
I'm just surprised at the sudden selloff today and large volume (nearly 2 million shares) Is it just some people taking their "profits" and running, or more serious stock buying prior to the declaration of an RM? Thoughts, anyone?
I have been comparing the postings, volume, and actions of the LSTG board with those of the IBGH board, on which I notice that you and Spartanfan are active participants as well. The main differences are that the average volume on the IBGH board has been much lower than for LSTG, and yet IGBH is apparently getting ready any day to announce an RM based upon its recent change to Quantum Computing. I agree that an eventual RM for LSTG is in the offing; the only question is what kind of company will it reverse merge with, and its long term impact on the PPS of the LSTG stock. I have no doubt that it will be good, the only questions in my mind are: How good and How fast? I welcome your comments as well as those of Spartanfan. (Let's just hope that Nymeses does not get involved in the LSTG board; he tends to be a real buzzkill.) :)
Thanks for the insight! IMO, the best possible case for LSTG would be an RM with a larger mining company, but I will take any RM over none at all. I heartily agree that getting up to .20 PPS before a merger would be a truly excellent outcome that would make up for a lot of the pain and aggravation of the last few years.
Based on your own historical observations of these events, how high up could you see the ride going? Even before an RM occurs, getting up to around .10 per share is going to really make my year.
If LSTG gets to the level where IGBH is at the moment (0.12), there are going to be some very happy people here (me included), even before an RM takes place!
Where do you expect LSTG to be by the time an RM actually takes place (or is announced)?
That looks encouraging at first glance, but can you spell this out more simply for those of us who are not familiar with such charts? Where do you see LSTG going as a result of a prospective RM, and how does your chart predict any future price moves? I'm just curious to see your reasoning.
Yes, that's the one.
Yes, I remember it all too well. It also drew me into this same fiasco. Now I am hoping that the RM will be good enough to either give me partial compensation for my losses or present a better opportunity with whatever company ends up absorbing LSTG,
That would be a good question for Angela to answer once the RM appears ready to take effect.
So if we see another such RM with LSTG, is .06 your expectation of the most modest outcome, or is there the possibility of something even better to occur? If so, what do you think that might be? (within reason, of course; we can imagine a lot rosier scenarios that just simply will not happen)
Just curious, when Angela moved quickly on what I presume was another RM, what was the eventual effect on the stock price?
So that's what was meant by RM. :) Please explain what that is and how that works, and how it could get "exciting", which would certainly beat the situation over the past several years.
I have been holding my position in LSTG for several years now hoping for some sort of event like this. Are you and Wisetrader suggesting that this same lawyer who has been working the IGBH stock is working a similar sort of deal, possibly a merger, for LSTG? If so, what do you believe the impact on the stock price will be?
And fortunately, I have other projects for generating income besides long shots like LSTG, such as the aforementioned LAMP book, my Gettysburg seminar project, and the possibility of going back to work on the side as an adjunct professor for my old online university, especially if they decide to purchase my LAMP textbook. :) In the interim, my remaining investment is just enough to make it worthwhile if LSTG finally comes through, without it being the end of the world if it does not.
Unfortunately, the LAMP is not designed for use on stocks. If it were, I doubt that I would have invested as much as I did in LSTG. I have hedged my bets and pulled out part of my investment, leaving the rest to see if anything will come of it.
I would certainly strongly consider adding my name to such a request to the SEC, and I have a significantly larger investment in LSTG, as does JR11.
Well, I am not sure what to think after seeing 500000+ shares dumped and the price now slightly below .02. We know that the tailings exist, we know that the 6000 tons have not yet been processed, nor apparently are they at the processing plant itself, and we do not have any indication from Steve Carr on any impending developments. I am still hanging in with my position, although I am certainly not going to put any more into it at this point. Your thoughts?
JR11:
I just sent the following e-mail to Dan a few minutes ago:
Dan:
My fellow investors and I have been doing some independent investigating regarding the status of the tailings pile processing, and in particular the status of the 6000 tons of tailings allegedly awaiting processing. Below is a verbatim copy of one of our exchanges:
This is the full text of a reply I got from Sr. Jaramillo today. The English is his.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Good day Mr.
The tailings are currently at its original site, they have not been moved or processed at the plant, because they do not pay the right price. Made some tests with 150 tons which had a 75% to 85% recovery. By what I suggest us to put our own plant and process the tailings there and get more useful.
Greetings sincerely
Miguel Ángel Jaramillo Tapia
Geo Exploraciones Jaramillo S de Rl
E Mail mjaramillot@prodigy.net.mx
geoexploracionesjaramillo@hotmail.com
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
So it would seem that the information LSTG has given out about tailings awaiting processing at the plant in Parral is false. The tailings are still on the tailings pile.
END OF MESSAGE
We would greatly appreciate clarification from you or Steve soonest as to the status of the processing plant that is supposedly being built to process the tailings independently, and how soon processing might begin, if at all.
Sincerely,
Dr. Jonathan Lockwood
I find it disturbing that there has been such a discrepancy between the information presented to us heretofore by Steve and Dan and the apparent reality we have uncovered on our own with much effort. I am torn at this point between sticking it out and hoping that the tailings plant financing actually comes through, or just simply calling it a day and selling out.
On a more positive note, my LAMP textbook, The Lockwood Analytical Method for Prediction (LAMP) is available as of September 12 on amazon.com, and will come with free downloadable software. With any decent luck, the royalties from the book should more than make up for any losses incurred through this speculation. And my Gettysburg simulation work is also making steady progress. This helps me keep things in perspective. :)
I could not agree more. The existence of the 6000 tons of tailings at the Parral plant is the single most crucial piece of information we need to know at the moment in determining whether to hold on or sell off. I recommend that Tomas get a precise translation of the question "Are there at the Parral plant 6000 tons of mine tailings owned by Lone Star Gold that are waiting to be processed?" and be prepared to read that question to him if he does not trust his spoken Spanish. If he has a colleague who is more fluent in Spanish who can prepare a set of questions to that effect, so much the better. The key thing we need to know is whether Mr Ferris is simply holding off on processing the tailings that are there at the plant until the price of silver rises beyond a certain point, or whether he is simply engaging in deception. That will get us the information we need a lot quicker than trying to put pressure on Ferris through legal channels.
I tend to agree with your more positive interpretation, as it would make no sense to get the interim loan if Dan's intent were simply to cut and run. He would simply have gone ahead and done it without the preliminary financial maneuvering. It remains to be seen how big an effect the eventual tailings payment will have on the stock price, how sustained it will be, and how long it will take for the leach plant to be built on the tailings property, thus enabling LSTG to generate income on its own without relying on the Parral plant.
BTW, if tomasviejo can take the initiative to either contact the Parral plant and/or investigate the local papers with his linguistic skills, that would be most welcome. :)
Well, the book is essentially done and awaiting the final go ahead to enter production in hardback, paperback, and e-book versions in September. Then it will simply be a matter of how well it is received by the academic community and the government. The free downloadable software will certainly help its attractiveness.
I met with some other folks who are interested in my Gettysburg "what if" staff simulation; I am working with a game designer to produce the prototype so that I can demonstrate it to them and some of their corporate clients in the fall. We are even looking at supplementing it with an "app" to increase its attractiveness to the younger types who have never known what it is like to live and work without computers.
As for LSTG, I am willing to give it until the end of the year to see if it is ever going to deliver on the initial tailings processing. Much will depend between now and then on how much news (if any) comes from Dan and company.
I'm still hanging in there, waiting patiently like you are for indications of the first revenue from the tailings. In the meantime, I have finished the work on my upcoming textbook, and the publishers are busy doing their marketing thing. I will also be meeting with some folks from Lincoln Leadership institute regarding the marketing of my Gettysburg simulation, so that looks very promising as well. If LSTG comes through, that will be the icing on the cake. :)
No response from Steve, but given the subsequent news items we have seen, he is probably going to wait until he has positive confirmation of receipt of payment for the first 6000 tons of mine tailings.
Based on there being 6000 tons waiting to be processed and their current processing rate of 300 tpd, my estimate is that we should get an announcement of revenue around mid-May. After that, additional revenue will depend upon whether LSTG decides to transport additional tailings to Parral in the interim while waiting for its own leach plant to be completed. In any case, we are about to see a major change in perception of LSTG within the next month.
I will give it another try tomorrow from my office.
Actually, any "book tour" (or even interviews or book signings) will not happen until after the book officially comes out in August of this year. I am still holding fast with my 250000 share position in LSTG, and while .25 per share would result in a nice long term capital gain, I think it has the potential to go a lot higher once any revenues start coming in, as all who have read my previous projections already know.
The fellow who agreed to write the Foreword to my book and put his endorsement on the cover has finished writing it, and I will get to see it once he has sent it to the publisher and they have approved.
In the meantime, I am waiting with bated breath for news from Parral. :)
If LSTG goes to where I think it will, you will be having a one dollar orgasm!
Going well. The publisher informed me that it is in the production phase for editing and proofreading, and will be published this August by Continuum Books. The title is "The Lockwood Analytical Method for Prediction (LAMP): Theory and Practice" (and that is where my handle of "locklamp" on this board comes from). If you want to check out my related website on the LAMP, go to www.lamp-method.org There will also be free LAMP software that will be downloadable from the website for those who purchase the textbook. It is one of my backup "windfall projects" that enables me to take a certain amount of risk in investments such as LSTG.
Holy crap! Talk about going all in! Good for you! Let's hope this pays off big for all of us.
And I understand and share your enthusiasm and optimism concerning the imminent prospects for an LSTG takeoff. The trigger point seems to be so close that it does add an extra element of anticipation to each day. The available evidence seems to support our optimism, so all we can do now is wait and see.
Well gentlemen, as much as I am tempted to reinforce my position further, at 250000 shares I stand to make out very well once LSTG starts to move in response to receipt of revenues following resumption of tailings processing at the plant. I do have to watch my budget. :)
If anyone is able to find out what their current revenues and gross earnings per share (if any) are, this could give us a good benchmark for potential performance by LSTG,
I'm at 250000 right now, but will probably build up to around 300000 within the near future to lower the average cost basis just a bit more.
The only thing left holding this stock back in the near term is the evidence of the tailings plant restarting production, for which we now know that LSTG is first in line. That may result in a short term boost in the share price, but that will turn into a sustained takeoff once LSTG receives its first check from the processing of those 6000 tons of tailings at the plant. And once the new plant on the tailings site begins sustained production of 1000 tons per day, my earlier prediction of $3-4 within the next year becomes quite likely, since if we assumed 20000 tons per month being processed, that translates into some very substantial revenue in the 30-40 million range for at least the next four years (assuming gold and silver stay at their current price levels, which is highly unlikely). All of this makes possible the potential for the big payoff, which would be a significant gold find on the La Candeleria property that would trigger a buyout of LSTG by a larger gold mining company. All of this upside potential is what gives me patience. I may just reinforce my holdings once more at current price levels before the big takeoff.
Actually, we should not mock him horribly; we should do it skillfully and with great enthusiasm. :) In the meantime, I know it sounds a bit tiresome, but patience and careful monitoring of our available news sources is still the order of the day.
You are a gentleman and a scholar (and an obvious lover of beer!). I am going to a Guinness "beer tasting" at Clyde's restaurant in March, but I will probably opt for one of the Samuel Adams seasonal ales if LSTG fulfills its potential. :)
I concur with JR11. Based on the combination of Dan's January news release and the report by Tomasviejo on the upcoming visit by the governor to the processing plant in Parral in late February, we can expect to see at least a partial revenue stream begin to develop by April from the 6000 tons waiting to be processed. Once the benign leaching plant is completed on the tailings site itself, LSTG will be able to begin processing its own tailings at the projected rate of 1000 tpd. That latter development will signal very healthy revenues for LSTG over the next 4 years, with the potential for a massive breakout if it discovers a major gold find on its La Candeleria property. These developments are very promising, but do require patience. :)