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I am sorry to say that all signs point to Hillary. She is the strongest of the Democrat candidates, and it will be very difficult for any Republican to win in November.
To be honest, I would take Hillary over Gore or Kerry any day.
The '90s was the decade of the bubble. Greenspan gave incomprehensible warnings while at the same time printing massive quantities of cash. Then the bubble burst, and Bush was left to muddle through. The solution: 2 wars, tax cuts, and big government spending. It worked! The fed put the printing presses on over drive, and the problems were papered over ... for a while. Ironically, now another Clinton will have to face the mess left by the original Clinton. I predict an ugly recession, especially if the tax cuts are taken away and the war spending is reduced.
Unfortunately it is a little dated, but Greenspan is a clown!
A company that lies to investors should never be trusted again unless they can show concrete results. Why buy stock in a company that lies when there are so many companies out there that do not lie?
The "leading Canadian-based mining concern with significant mining holdings within the country of Venezuela" is looking kind of sick.
I knew this was over valued at $1.84. It is worth $.57 to $.85.
Posted by: OriginalFred
In reply to: None Date:6/3/2007 11:31:49 AM
Post #235
Over Valued
I just got a post card in the mail advertising GZGT. I usually just throw these things out, but sometimes I look them up just too see how bad an investment they are. This one is bad but better than most. Here are the numbers:
Market cap = 53M shares x $1.84 = $98M
Sales (annualized based on last quarter) = $3.76M x 4 = $15M
Earnings (annualized based on last quarter) = $12.4k x 4 = $50k
P/S = 6.5
P/E = 1960
A P/S of 6.5 and P/E of 1960 are pretty high for a company that sells phone cards and cell phones! A P/S of 2 to 3 would put the stock price in the range of $.57 to $.85.
Nice gain for GPGD! This stock is a winner! Pink sheets rule! Why waste money on financial reports?
Mach, no problem. NRDS is a 1 year buy and hold for me. I think it will be worth $2.50 in 1 years time. I will ride the ups and downs. I am not a trader. I just look for value, hold it for a year or so, and then sell when I think the market has recoginzed the value.
Eventually NRDS is going to pull back. It is extremely over bought.
http://stockcharts.com/h-sc/ui?s=nrds
There is a lot of money being made in mining stocks right now. I do not know why people are wasting time with the loser scams.
Even a blind mouse finds a piece of cheese every once in a while.
But I have to agree with Alex that most of the cheese on the pink sheets is rancid. Most penny stocks are for suckers.
Even a blind mouse finds a piece of cheese every once in a while.
NRDS is getting discovered! I did not expect it to run up this quickly. I am glad I loaded up under $.75!
http://stockcharts.com/h-sc/ui?s=nrds
Alex, remember, NRDS is already filing SEC reports. I think they will be listed on the TSX or the AMEX within 6 months. They should be just starting production by then. Full production will take a year.
As long as the world economic growth continues, the world is going to need more base metals. Copper, zinc, and molybdenum should continue to be strong.
NRDS - Nord recommended 7/5/07
I first recommended NRDS on 7/5/07 when it was trading under $.75. Did anyone buy?
http://stockcharts.com/h-sc/ui?s=nrds
Nord should be earning over $.50 after its mine reaches full production in about a year, so it should easily be a $2.50 to $5.00 stock.
Alex, NRDS is not operating right now. They are in the process of re-opening an old copper mine. They alread printed enough shares to finance the re-opening. With current copper prices, they should be able to earn over $.50 per share. The share price is currently around $1. The stock is still a huge bargain even after the run up. Sprott does not buy into scams.
NRDS up 10% today on 10X normal volume!
Nord Resources (NRDS.pk) is starting to get some attention. Volume was 10X normal today. Sprott Asset Management just filed to report that they own the following percentage of shares:
Sprott Asset Management Inc: 14.4%
Sprott Canadian Equity Fund: 6.1%
Below is a re-post of my summary for the stock if anyone is interested.
NRDS Summary
Here is a summary for potential investors.
Nord Resources NRDS an interesting company that owns a closed copper mine. With the high price of copper, the mine could be very profitable. As of June 6, 2007, Nord has raised the money needed to re-open the mine.
I think the company is worth a small investment because it offers huge potential if they follow through with their plans.
The company plans to mine 25M pounds of copper per year. At the current price of copper ($3.45), the profit could easily be $2 per pound, so the company could earn $50M per year. There are approximately 87M fully diluted shares. The profit per share could be $.57.
That is EARNINGS OF $.57 PER SHARE!!!
A P/E of 10 would put the stock price at $5.70. The current stock price is around $.70.
Here are some notes on the company:
Nord Resources plans to reactivate the Johnson Camp Mine, a copper mine and production facility located 65 miles east of Tucson, Arizona.
From January 19, 2006 PR:
Nord has filed an annual report on Form 10-KSB with the SEC, as the first step to bringing itself back into compliance with its regulatory filing obligations.
The updated feasibility study concludes that resumption of operations at the Johnson Camp Mine in accordance with the mine plan will generate positive discounted cash flows over an eleven year mine life at 8%, 10% and 15% discount rates.
From February 16, 2006 PR:
Nord has obtained credit approval from Nedbank Limited for a Project Debt Facility of up to US$14 million for the reactivation of the Johnson Camp Copper Mine Project in Arizona.
Plans on producing approximately 25 million pounds of cathode copper per year.
From December 31, 2005 annual report:
On January 31, 2006, we were advised by Nedbank that its Credit Committee has approved in principle a $14 million debt financing facility for the development of the Johnson Camp Mine, subject to: our company raising a minimum of $18 million, by way of an equity financing; [etc.]
From June 6, 2007 PR:
Nord Resources Corporation Announces Completion of Equity Financing
Nord has completed an offering of 30,666,700 special warrants of Nord at a price of $0.75 per Special Warrant for aggregate gross proceeds of approximately $23 million. The proceeds of the financing will be applied to the re-activation of the Company's Johnson Camp Mine, payment of certain outstanding debt (including related party debt of approximately US$2,950,000), general corporate purposes and the satisfaction of the condition precedent to Nord's previously announced proposed $25 million credit facility with Nedbank Limited.
From March 31, 2007 Quarterly Report:
Once financing and permits are in place, we anticipate it will take approximately three months to complete sufficient rehabilitation of the Johnson Camp Mine to allow the production of copper from the existing heaps, and approximately nine months from the start of construction to begin producing copper from new ore placed on the heaps. Our mine operating plan calls for an active leach program of newly mined ore and the residual leaching of the existing old dumps. We plan to use a mining contractor to mine both the Burro and Copper Chief deposits, and our own employees for remediation activities.
Company web site: http://www.nordresources.com/
Quote: http://www.pinksheets.com/quote/chart.jsp?symbol=NRDS
Active message board: http://www.stockhouse.ca/bullboards/forum.asp?symbol=NRDS&table=LIST
Alex, I would not buy NRDS as a trade because of the low volume. It is more of a 1 year buy and hold. I think it could pay off big, but it could do nothing for a while.
Alex, pink sheet stocks are like rigged slot machines. They will pay out on rare occasions, but they are mostly designed to just take your money.
A good investor who can find good stocks will have no use for the pink sheets.
NRDS - Nord Resources
I wrote this summary for Nord Resources if anyone is interested.
NRDS Summary
Here is a summary for potential investors.
Nord Resources NRDS an interesting company that owns a closed copper mine. With the high price of copper, the mine could be very profitable. As of June 6, 2007, Nord has raised the money needed to re-open the mine.
I think the company is worth a small investment because it offers huge potential if they follow through with their plans.
The company plans to mine 25M pounds of copper per year. At the current price of copper ($3.45), the profit could easily be $2 per pound, so the company could earn $50M per year. There are approximately 87M fully diluted shares. The profit per share could be $.57.
That is EARNINGS OF $.57 PER SHARE!!!
A P/E of 10 would put the stock price at $5.70. The current stock price is around $.70.
Here are some notes on the company:
Nord Resources plans to reactivate the Johnson Camp Mine, a copper mine and production facility located 65 miles east of Tucson, Arizona.
From January 19, 2006 PR:
Nord has filed an annual report on Form 10-KSB with the SEC, as the first step to bringing itself back into compliance with its regulatory filing obligations.
The updated feasibility study concludes that resumption of operations at the Johnson Camp Mine in accordance with the mine plan will generate positive discounted cash flows over an eleven year mine life at 8%, 10% and 15% discount rates.
From February 16, 2006 PR:
Nord has obtained credit approval from Nedbank Limited for a Project Debt Facility of up to US$14 million for the reactivation of the Johnson Camp Copper Mine Project in Arizona.
Plans on producing approximately 25 million pounds of cathode copper per year.
From December 31, 2005 annual report:
On January 31, 2006, we were advised by Nedbank that its Credit Committee has approved in principle a $14 million debt financing facility for the development of the Johnson Camp Mine, subject to: our company raising a minimum of $18 million, by way of an equity financing; [etc.]
From June 6, 2007 PR:
Nord Resources Corporation Announces Completion of Equity Financing
Nord has completed an offering of 30,666,700 special warrants of Nord at a price of $0.75 per Special Warrant for aggregate gross proceeds of approximately $23 million. The proceeds of the financing will be applied to the re-activation of the Company's Johnson Camp Mine, payment of certain outstanding debt (including related party debt of approximately US$2,950,000), general corporate purposes and the satisfaction of the condition precedent to Nord's previously announced proposed $25 million credit facility with Nedbank Limited.
From March 31, 2007 Quarterly Report:
Once financing and permits are in place, we anticipate it will take approximately three months to complete sufficient rehabilitation of the Johnson Camp Mine to allow the production of copper from the existing heaps, and approximately nine months from the start of construction to begin producing copper from new ore placed on the heaps. Our mine operating plan calls for an active leach program of newly mined ore and the residual leaching of the existing old dumps. We plan to use a mining contractor to mine both the Burro and Copper Chief deposits, and our own employees for remediation activities.
Company web site: http://www.nordresources.com/
Quote: http://www.pinksheets.com/quote/chart.jsp?symbol=NRDS
Active message board: http://www.stockhouse.ca/bullboards/forum.asp?symbol=NRDS&table=LIST
Things seem to be moving extremely slowly with this "leading Canadian-based mining concern with significant mining holdings within the country of Venezuela".
Maybe now that they finally figured out how to file their financial report they can work on figuring out where Venezuela is on the map. Maybe we should send them a link to Google Earth!
sorta, I do remember talking about NTC. I am happy with the stock because I made a nice profit, but I do not think very much of management. It would be extremely difficult for me to own that stock again given what I know about management and their terrible performance. I just do not see how they could re-open the mine during a time of record Tungsten prices and still not be able to make a decent profit. Even worse, they never even tried to explain why there was a lack of profits.
If these bozos do not know how to run an existing mine, I have no idea how they are going to get a new mine going. I think I can find better mining stocks that have a better chance to earn real profits. Some of my favorites right now are AUY, BNMFF (BN.v), BWLRF (BWR.to), CSFFF(CS.to), FRLLF (FAN.to), GBN, NRDS, QADMF (QUA.to), SLMXF (SXL.v), and TCMRF (TCM.to).
If you check any of these out, please let me know what you think.
Good luck to you!
Alex, I will never undrestand why people do not appreciate my "I told you so" posts, especially after they have lost money. I am the one who tried to warn them. They should thank me!
I guess it is just human nature to blame the messanger.
lhsmith, sometimes I cannot tell if you are being sarcastic or not.
I am starting to wonder if you do not appreciate my "I told you so" posts.
lhsmith, do not take it so hard. You are not the first person to be scammed by a penny stock, and you will not be the last.
The fact is that nothing has changed about this company since the UDVE days. That is why my original posts comparing this stock to UDVE were censured. I am just happy to know that the guy who censured my posts got what he deserved.
Alex, the problem with these types of bogus rallies is that if you actually tried to sell a decent position, you would crash the price. A 300% rally looks great on the chart, but it would be impossible to actually profit from it.
UDVE dividend promises. The UDVE shell became MDGM which then became GPGD. UDVE had promised dividends which were, of course, never paid. This is a history of those promises.
-----
United: Cash Dividend Equals $0.00575 a Share
Thursday May 5, 8:01 am ET
LAS VEGAS--(BUSINESS WIRE)--May 5, 2005--United Development International (OTC:UDVE - News) announces today the cash dividend recently offered to shareholders has at this time an equivalent cash value of $0.00575 per share.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
-
United: Per Share Value of Cash Dividend over $0.005
Monday May 2, 8:02 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2005--United Development International (Pink Sheets:UDVE - News), has calculated the per share value of the recently announced shareholder dividend offering to be over $0.005 per share.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds from the recently announced sale of assets of United Development.
-
United Development International Reaffirms Commitment and Value of Cash Dividend to Shareholders
Friday April 29, 8:00 am ET
LAS VEGAS--(BUSINESS WIRE)--April 29, 2005--United Development International (OTC: UDVE - News), wishes to reaffirm to its shareholders the sale price of $2,100,000.00 is the minimum sum for its divestment of assets in Guyana to a private European firm.
The company will ensure that every effort will be made to maximize the value of the sale. Maximizing the value of the sale has the potential to positively impact the delivery of the cash dividend to our shareholders of record with a higher return per share.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds to United Development.
-
United Development International to Deliver Cash Dividend to Shareholders
Thursday April 28, 8:01 am ET
LAS VEGAS--(BUSINESS WIRE)--April 28, 2005--United Development International (Pink Sheets: UDVE - News), when settlement of the sale of their Guyana assets completes, will deliver out sales revenue to shareholders of record as a cash dividend.
This dividend will be delivered to all common stock holders of the recorded date of the transfer of funds to United Development.
Assets have been sold to a private European firm for the minimum sum of $2,100,000.00.
Monies are to be held in escrow for a yet to be determined timeframe as the company wants to ensure that it receives fair value for its assets.
-
United Announces Sale of Assets for Minimum of $2,100,000.00
Wednesday April 27, 8:01 am ET
LAS VEGAS--(BUSINESS WIRE)--April 27, 2005--United Development International (Pink Sheets:UDVE - News), announces today that it has divested itself from all Guyana activity. Assets have been sold to a private European firm for the minimum sum of $2,100,000.00.
Monies are to be held in escrow for a yet to be determined timeframe as the company wants to ensure that it receives fair value for its assets.
Alex, if this company had a real property, a market cap of $1.7M would be nothing. As a penny stock scam, $1.7M is still not that bad. I see scams ascending into the $50M range all the time if management tells enough lies and does enough promotion.
This company sure is quiet lately. Maybe they are working on a new stock symbol, and reverse split, and a net set of stories to tell.
Alex, you sum it up pretty well. At least the stock has a nice little pump going. Where do you think the buying is coming from?
I will grant you that it is a much beter buy at $.11 than it was a $3.40. However, it is still a typical pump and dump penny stock scam. A big company with proper funding is much more likely to succeed in setting up a useful medical database.
skeen, this junk has gone from $3 to $.11 in 1 year.
http://www.pinksheets.com/quote/chart.jsp?symbol=MDFI&duration=2-6-9-0-0-512
I warned that this stock was over valued garbage in my very first post when the price was $3.40.
Apparently I am able to see into the future. Either that or I am just good at spotting obvious pump and dump scams.
-------
Posted by: OriginalFred
Date:7/8/2006 12:09:44 PM
Post #16
179 million shares x $3.40 = $609 million market cap. Company had a loss of $817k on revenue of $6k last quarter.
I saw this being pumped in "Bob Carlson's Retirement Watch". This stock looks like grossly over valued money losing garbage to me. Their strategy is pretty much a pipe dream. They have no evidence that their system can penetrate the market.
What they claim to be doing is setting up a medical database. There is nothing special about that concept. It is probably much better suited to a large computer company like Oracle or IBM. Why would anyone trust some OTC BB company with their medical records? This company has only had its name since November 2005.
For this stock to go up 1000%, it would have to start showing some serious profits. Every indication is that the business is a failure, and the company will never show a profit. The next financials will show continued losses.
Best Bid: 0.01 (5000 shares)
Best Ask: 0.019 (10000 shares)
Buy at the Ask and take an instant 47% loss!
No thanks!
I am very impressed by the progress Great Basin is making in developing these mines. Ferdi Dippenaar is really turning this company around.
My only concern is the appointment of Rich Appling.
"Rich Appling will be responsible for advancement of capital projects, including design engineering, permitting, procurement and construction-management of infrastructure needed to initiate production and increase it to commercial levels. He has 32 years of experience in underground hardrock mining in Idaho, Washington, Alaska and Nevada. Rich has been the Project Manager for Hecla Ventures over the past four years, advancing the Hollister Project from an exploration project to an advanced development project."
Rich worked for Hecla during the foot dragging period. I hope the slow pace was dictated by Hecla's upper management so that Rich was not to blame.
skeen, you are smart to watch and wait. If a penny stock can prove itself, it can be worth an investment. However, finding a penny stock with results and value is extremely difficult.
With most penny stocks, I think the dilution in all its forms is a much bigger problem than the shorting. If there are shorts, I believe they are usually the result of the dilution.
Most of these penny stocks have no business being in business or being public. They are a drain on the free market system. Often the small companies that have a chance of success are kept private. The junk is dumped on the public suckers.
Maybe RD will be able to create some excitement and get the stock moving!
0.019 20000 OTO 15:54:43
0.019 7000 OTO 15:46:10
0.016 25000 OTO 14:50:10
0.016 9000 OTO 14:44:53
0.016 10000 OTO 14:07:16
0.016 10000 OTO 13:43:06
0.016 4000 OTO 13:00:55
0.016 10000 OTO 12:56:48
0.016 10000 OTO 12:56:40
0.016 15000 OTO 11:17:43
skeen, 99% of pink sheet stocks are scams, and 95% of OTC BB stocks are scams. I define a scam as a company that never has made a profit and never will.
I enjoy exposing penny stock scams, and learning about them has helped me become a better investor. I have learned what to avoid.
Given this company's dismal financial performance, I can pretty much guarantee you that it will never earn a profit. Why would you want to own stock in a company that is essentially worthless?
For quarter ended March 31, 2007:
Loss of $980k on sales of $12k. Stock price down from $5 (June 2006) to $.12 today. Market cap is 179 x $.12 = $21 million.
It is possible that the business plan is a failure.
That may be why the stock is down.
"Bob Carlson's Retirement Watch" is a joke. If you listen to Bob Carlson, you can "watch" your retirement go down the drain.
Now I understand the confusion. Maybe they are also Chicago fans.