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If I read that correctly, IBS Capital just bought another 2 million shares (at a very good price relative to where ALMI has been trading lately). In that they already own 6 or 8 million shares, it would appear to me that they have confidence in the company.
I have to admit that I feel a bit betrayed by the recent action with this stock. While I haven't lost any money ($0.20 average share price), I was hoping that I had invested in a small but honest and well run company. I now must watch more carefully.
For the record, I am a geologist and did visit the mine site, enough to convince myself that they were actively mining. My concerns were related to slope stability, not reserves. In other words the old pit walls didn't look safe to me. I was happy that they were not trying open pit mining, and also happy that Atlas Fawcett was involved. I have always wondered how they were going to separate the nanotubes from the non nanotubes...
IMO there is evidence of manipulation here. This may be a good or a bad thing. The $0.20+ swings in the past few weeks look pretty suspicious to me. I would predict that we top out just above $1.70 today and then fall back to just above $1.39.
Well my recommendation would be to just wait and see. I also would not sell at the lows or buy at the highs of this pattern.
Just MHO
Good day today.. and an awful quite board.
This "better processing" is what I've been waiting for.. Great news. In my mind Atlas is now a $4 stock and there is a good chance the price will be higher.
Hope your right about next week, but in the long run, I don't think it matters. With patience us longs shold all be very happy in a year or two. IMO it is only a matter of time until some or several namo products are in production. The dragon mine will have the cheapest supply of nanotube and the world will beat a path to their door.
NNAN merged with a company with an interesting history. I recommend look at their 10Ks. I for one will keep my eyes open.
From their 2003 nov 10K:
Business Development
History
Cementitious Materials, Inc. was originally incorporated in Idaho on May 6, 1971 as Hall Mountain Silver Mines, Inc. For a period after inception, Hall Mountain was involved in the ownership and operations of certain mining claims. Operations discontinued in 1981 and we remained inactive until approximately 1989. On June 5, 1989 we changed our name to Network Videotex Systems, Inc. and, on November 13, 1989, we changed the name to Wessex International, Inc. On May 22, 1991, we acquired Ocean Express Lines, Inc., a Florida corporation engaged in the business of operating a scheduled steamship between Miami, Florida and ports in the Western Caribbean and Gulf of Mexico. The acquisition was accounted for as a pooling of interest. In connection with the transaction, we changed its name to Ocean Express Lines, Inc. We did not achieve profitable operations and ceased operations in 1992.
In 1999, Williams Investments Company prevailed in a lawsuit against Ocean Express Lines to collect certain debts owed it. Williams Investments was granted a judgment against the company in the amount of $10,000 plus interest, which judgment was converted into 13,749,824 shares of our common stock. Williams Investments is principally owned by H. Deworth Williams, currently our President and one of our directors.
In February 2000, our shareholders voted to relocate the domicile of incorporation from Idaho to the Nevada. A new corporate entity, also named Ocean Express Lines, Inc., was organized as a Nevada corporation on February 18, 2000. On March 2, 2000 we merged with the Nevada entity, which was the surviving entity. We issued 20 million shares of common stock in the newly formed Nevada corporation to stockholders of the Idaho corporation in exchange for their 20 million shares in the Idaho corporation.
On December 23, 2002, we entered into an Agreement and Plan of Merger with Media Fusion, Inc., whereby Media fusion was to be merged with and into our corporate entity. Media Fusion is engaged in researching and developing Electro-resistive Magnetic Resonance Conversion technology, to which it has certain rights pursuant to license agreements. At a special meeting held February 11, 2003, our shareholders voted to approve the merger, to change our corporate name to "Power Measurement & Communications, Inc.," and to effect a reverse stock split of our outstanding common stock on a one share for ten shares basis.
Under terms of the merger agreement, certain conditions were to be satisfied by the parties prior to completion and closing of the merger. However, not all conditions to closing were satisfied and the agreement was terminated by its own terms in February 2003. Accordingly, we did not close the proposed merger nor change our corporate name and management did not pursue the transaction further.
On April 30, 2003, our board of directors resolved to proceed with the one share for 10 shares reverse split ratified by shareholders on February 11, 2003. Accordingly, the board set May 15, 2003 as the effective date for the split. Following the reverse stock split, our outstanding shares were reduced from 20 million to approximately 2 million.
Pursuant to action taken on June 18, 2003 by unanimous consent of our board of directors and the majority written consent of the outstanding shares of our common stock, we changed our corporate name to American Thorium, Inc. Articles of Amendment were filed with the State of Nevada on June 19, 2003, and Articles of Correction were filed on July 3, 2003 to correct an error in the original filing.
-3
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On October 10, 2003, by unanimous consent of our board of directors and the majority written consent of the outstanding shares of our common stock, we changed our corporate name to Cementitious Materials, Inc. Also on October 10, 2003, our board unanimously approved a one share for four shares reverse stock split of our issued and outstanding shares of common stock, effective October 21, 2003. In connection with the reverse stock split, we decreased our authorized capitalization to 12.5 million shares. As a result of the reverse split, we had 500,042 shares of common stock outstanding.
On November 5, 2003, pursuant to unanimous approval of our board of directors, we entered into a Share Exchange Agreement whereby we acquired all of the issued and outstanding shares of Cementitious Material Technologies, Inc., a newly created Nevada corporation (hereinafter "CMTI"), in exchange for 4,947,000 shares (post-split) of our authorized, but previously unissued common stock, issued to CMTI shareholders. The Share Exchange Agreement also provided for the issuance of 4,553,000 shares (post-split)of authorized but previously unissued common stock to four individuals as consideration for services.
CMTI was created to accommodate the transactions contemplated by the Share Exchange Agreement. Following inception, CMTI acquired from Nextium Marketing, LLC, a Florida limited liability company, certain technologies and rights related to the production of light weight, architectural building materials premised on acquired proprietary technology, trade secrets, licenses, patent rights and other intellectual property. CMTI also acquired from an individual, United States Utility Patent Application serial number 60/510,309, entitled "Method of Mixing Reactionary Chemicals," filed October 8, 2003, and rights to any invention described and claimed therein.
It was our intent that following the acquisition of CMTI we would engage in the business of licensing, marketing and promoting new construction materials and their manufacturing, applications and requisite construction techniques based on the acquired technology. This technology could be used to manufacture advanced building materials.
However, shortly after the acquisition it was determined by the parties involved that it would be in the best interest of all concerned to rescind the acquisition. Accordingly, in April 2004, the parties to the Share Exchange Agreement finalized a Rescission Agreement whereby the Share Exchange Agreement and the acquisition of CMTI was rescinded and deemed null and void. Under the terms of the Rescission Agreement, the 4,947,000 shares of our common stock that were to be issued to CMTI shareholders were canceled and returned to the treasury. Also, 62,000 shares that were to be issued for services were also canceled and returned to the treasury. The balance of 4,491,000 shares issued for services remained outstanding.
As a result of the rescission of the acquisition, we are now conducting only limited business operations and are considered a development stage company. Presently, we are actively seeking potential operating businesses and business opportunities with the intent to acquire or merge with such businesses. Our principal purpose is to locate and consummate a merger or acquisition with a private entity.
Any target acquisition or merger candidate will become subject to the same reporting requirements as we have following consummation of any merger or acquisition. Thus, in the event we successfully complete the acquisition of or merger with an operating business entity, that business entity must provide audited financial statements for at least the two most recent fiscal years or, in the event the business entity has been in business for less than two years, audited financial statements will be required from the period of inception. This could limit our potential target business opportunities due to the fact that many private business opportunities either do not have audited financial statements, or are unable to produce audited statements without undo time and expense.
-4-
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Our principal executive offices are located at 19 East 200 South, Suite 1080, Salt Lake City, Utah 84111, and our telephone number is (801) 322-3401.
With less than 3000 shares traded so far today, I don't believe that any TA is accurate.
Is this right... No one has posted here in a week?
5000 or 500... looks like it was just for product development over the next several years.. The real smart guys (not me) will get out of this stock and get right back in just before the anouncement of some killer application/product. My point is that I'm not expecting $4.00 this year. My average buy in is $.205 per share and I can wait.
I listened to the nanodynamics presentation.. That 500 ton order will apparently be enough for them for several years.. Looks like we will wait for some time before this stock is at $4.00.
As I geologist/investor.. I realy like this PR.. to me it means that the mine has been inspected and there are no glaring safety issues. I've always had a bit of doubt as to the stability of the clay. Clay is not an easy material to mine - hard rock is much more stable. When I visited the area last summer I spoke with a fellow who worked this Mine when it was last in production (1960 or 1970s?). Stabilty was indeed an issue at that time and was part of the reason the mine shut down. That said. Atlas's mining folks have experience in soft ground tunneling and have, at least to MSHA's standards, developed a safe mining plan.
Looking at the chart of this stock and ploting price vs volume it appear to me that many more shares have been bought below $.85 than above that price. In effect there is a gap to fill above $.85. I've never put too much stock in the filling of gaps, but it appears there is lots of room for buying in this range.
down a penny on relatively low volume (compared to the last week or so).
I'm hoping for a "killer app" nano use that can command a price of $1000/ton or more.
Have a good weekend all.
Yesterday, I put in an GTC order to sell 1/15th of my holdings at $3.00 /share. Thereby, recovering all of my intial investment. I thought it might take a year or so to get to $3 - but the way it is going up it may this week.
I suspect that none of the big holders are selling. They really do believe in the $4 number. And if I remember correctly the $4 number was based on $450/ton clay. If the nano thing takes off this stock could blow through $4 like it did $1.
Good luck to all.
I notice on level two that the size of the orders has droped from 5K to 500 for nearly all of the orders ( both bid and ask) . Is this because the price is rising or a lack of supply?
Hope that it finishes at the HOD
there is only 7500 shares at the ask between 1.14 and 1.17 And I see no orders above 1.17
Make that 1.20 It's going up faster than I can type.
Hallosite has a density of about 2. Which means 2 grams per cubic centimeter. Or 2000 kg per cubic meter. 3375 lbs per cubic yard.
Is there some news?.... this stock is up 6% today
I am a geologist and have been to Kalolin mines in Georgia/South Carolina and have poked around the Tinic district where the Dragon mine is. These are two very different geological environments. The Dragon deposit is type that is much less widespread. I completely aggree with the Geolotist that Atlas hired to evaluate this project. Using this clay for dishes would be very wasteful. It is a unique deposit.
I'm betting that they gave him stock instead of money to do his geologic evaluation. Selling the stock is one way of getting paid. If I remember correctly he is an indepenent geologist. Been there and done that. Glad he made some money.
I totaly agree with his assesment of the clay. Using this stuff for dishes would be very wasteful.
I agree. Volume and price were both up significantly today. Which indicates to me that someone knows something.
Is there a Atlas Mining or independent geologic report Available? I've seen the geologic cross section on an USGS report on the deposit - it shows a defined bottom and width of the clay. If we had the lenght, anyone could figure out the volume.
Not to confuse this issue, but the clay outcrops at the surface. So hitting the clay bed is a non-issue. But it appears to me that they want to mine underground to reduce waste. That and slope stabity issues. I talked to an older miner who worked the Dragon Mine for the previous owners. They quit because they couldn't safely mine as an open pit, and swelling clays were a problem underground.
I believe that I know how to fix the swelling problem, and likely so does Fawsett.
If this stock ever gets above $.25 it should fly. It has not been more than that in 5 years
They can certainly mine underground during the winter. The road to the mine will require plowing. But it is not that long and should not cause too many delays. Hopefully they have a plow lined up. All in IMO
I did poke around the area a few months back. Access to the mine did not appear to be a problem. It is a single-lane dirt road for the last mile or so. With another few miles of paved road down to the public highway. The grades are not steep.
6500 shares today.. I hope that this is a good sign... Perhaps it just means that none of us want to sell. I've been in this stock for 6 months now.. and have my fingers crossed.
No volume yet. Not a single trade. I hope that this is a good sign.
It appears that there is no Atlas Volume in Berlin:
Description Exchange Currency Last Price/qualifier Bid / Ask Tendency Today´s High Previous Close Volume Derivatives
ISIN / Security Code No Date
Time Time Change absolute / % Today´s Low Opening Price Last / Total
ATLAS MINING STK
US0493751087 / 263513 BER EUR 0.130 G
08/03.
09:02 0.000 / 0.000
09:02
0.000 / 0.00% 0.130
0.130 0.130
0.130 0 / 0 Certificates
Interesting PR from Clancy Sytems on Berlin shorting:
Clancy Requests Removal of Unauthorized Listing on Berlin Exchange
8/2/2004 2:27:00 PM
DENVER, Aug 2, 2004 (BUSINESS WIRE) -- Clancy Systems International, Inc. ( CLSI ) (Clancy) has learned that it is one of more than 200 U.S. publicly traded companies whose stock has been listed on the Berlin-Bremen Stock Exchange without the Company's prior knowledge, consent, application or authorization. Clancy is in the process of working with its attorneys to issue a demand letter to the officials at the Berlin-Bremen Stock Exchange requesting an immediate de-listing. In addition, the Company is considering its options to pursue appropriate remedies against the domestic and foreign brokerage firms responsible for this unauthorized listing.
The listings appear to be the result of an effort by domestic and foreign brokers to circumvent recent NASD and SEC restrictions against "naked short selling," specifically Rule 3370. Short selling is a trading practice whereby investors borrow stock from a broker to sell with the hope that the stock price will decline before they have to return the shares back to cover their position. Naked short selling involves groups of people working together to manipulate the market by selling fictitious shares of stock in an effort to force a company's share price to go down. By listing the company's common stock on the Berlin-Bremen Stock Exchange, market manipulators attempt to benefit of an "arbitrage" loophole that none of the present regulations are designed to close.
Stanley Wolfson, President of Clancy, stated: "We are very concerned and totally surprised that our Company's stock can be listed and traded on an international stock exchange without the company's knowledge, consent, application for or authorization for such listing. We understand there are hundreds of companies now dealing with this same issue. We believe the motives for this unauthorized listing are not for any reason other than to circumvent Rule 3370 and use an arbitrage loophole to engage in naked short selling which could have significant and negative repercussions on the market of our stock. While we have just learned of this 'listing' in the past few days, we are taking immediate steps to demand de-listing."
Only purchases of Clancy Systems International, Inc. shares from the Over The Counter Bulletin Board (OTCCBB) under the symbol CLSI should be transacted. CLSI shares traded over the Berlin-Bremen exchange or any other foreign exchange are not currently recognized by the Company.
Chuckrmon22
I'd have to disagree. Mining clay underground is tricky. It has low strength and wants to fill into any hole you make - resulting in very dangerous conditions. I'd much rather mine hard rock. Not that this can not be engineered around.
I've got my fingers crossed that Atlas has a short and ancedent free learning curve with this deposit.
My understanding is that there have been slope failures into the open pit in the past. I got this info from a guy who worked the Dragon Mine in the past. They also had lots of problems keeping their drifts open underground.
That said a properly designed drift(s) that anticipated mining by stoping would allow might allow the clay to flow to the miners.
Some definitions:
Shafts are vertical
Drifts are horizontal.
Stoping is a process of mining from below. http://imcg.wr.usgs.gov/usbmak/anat12.html
Here is a link to a geologic cross section of the Dragon mine
- it shows the shafts and old drifts.
http://www.pimausa.com/gifs/dragon/map2.JPG