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Please show me one post where I "bashed" this stock. I have simply asked some basic questions, most of which have gone unanswered.
In contrast, a particular pumper would post a dozen meaningless posts a day, and now that the stock has died, he is gone. Do you not find that the slightest bit suspicious?
Here is a post where I pointed out the pumping from just ONE DAY. You will notice that all of the pumping turned out to be WRONG. One poster even predicted this stock was headed to "dollars+ land". What a joke!
Posted by: OriginalFred
Date:9/18/2006 9:51:26 AM
Post #1592
Pumping from August 8 when the company released the "Text of Core Assay Report" and the stock peaked around $.13...
Posted by: futrcash
In reply to: stock_seeker who wrote msg# 990
Date:8/8/2006 8:45:25 PM
Considering the #'s in our most recent press releases...
Let's keep in mind that they would be liable for prison time ,if these are fabrications,
Then this stock is heading to dollars+ land!
Selling at these levels would be just plain stupid..
Posted by: Alex Chory
In reply to: stock_seeker who wrote msg# 995
Date:8/8/2006 1:24:11 PM
won't be long will be looking at .20¢ again, some
settling, the up the ladder to over .40¢ for the
first time, I think the financing package will
kick this in the butt and put GPGD in orbit where
it belongs, over fifty cents imho.....
all in due course my dear friend
patience=reward
RTQ .12 x .13
Posted by: Alex Chory
In reply to: OriginalFred who wrote msg# 991
Date:8/8/2006 11:56:04 AM
well we all know over time this is headed higher and higher
no way around it, talk to me when this is .75¢
in the mean time, I'll keep averaging up....
Posted by: Alex Chory
In reply to: futrcash who wrote msg# 969
Date:8/8/2006 11:16:42 AM
.25¢ looking closer and closer, next the financing deal...
Posted by: Alex Chory
In reply to: WOODSCHOO who wrote msg# 973
Date:8/8/2006 5:19:35 AM
Post #of 1591
I believe the MM's themselves want more shares
for a run-up down the line somewhere, the more
they have in inventory, the more they make for the firm....
Posted by: Alex Chory
In reply to: stock_seeker who wrote msg# 971
Date:8/8/2006 5:00:54 AM
I' think this stock will surprise and
just gap up on some extraordinary news,
of course, that's jmho currently.......
patience my dear Watson!
----------
And here was my post from that day...
Posted by: OriginalFred
In reply to: Alex Chory who wrote msg# 992
Date:8/8/2006 12:03:42 PM
Alex, sorry, but no one "KNOWS" if ANY stock is headed higher. If you did, you would put your life savings into this stock. That would be crazy.
I do not think it is useful to throw out random prices like $.75 without trying to justify the number with some kind of fundamental analysis. Anyone can make up numbers.
I find the press release to be encouraging, but I still have a lot of answered questions. I think the board would be much more useful if people would address fundamental issues rather than cheerleading the stock price.
No more real time quotes on pinksheets.com
It looks like Grand Pacaraima gave up on pinksheets real time quotes after the rather weak rally on all the "news" they released. Maybe they figured it was not worth the cost.
http://www.pinksheets.com/quote/quote.jsp?symbol=GPGD
The chief pumper on this board also gave up. Kind of makes you wonder if he was being paid also.
"I was lucky that's all."
Loss, you are much too modest. If selling right at the peak was so prudent, why did no one else on this message board sell? You called it exactly right, and now you can buy back those same shares at a much cheaper price. That is the way to play the game!
You have to give Loss credit. Although he has had bouts with schizophrenia in the past, he called the one day pop perfectly, sold right at the peak, and announced his sale on this message board. No one else on this board recommended a sell. On the contrary, after Loss announced his sale, he was scolded in a post: "Loss,,, You were very foolish... you can't see the forest because of the trees....A classic example of selling too soon..."
In the land of the message board, you are only as good as your last call, and Loss' last call was pure gold.
It seems Loss is the only poster who took advantage of that one day pop. Kudos to Loss!
Posted by: loss_slayer
Date:9/15/2006 10:48:50 PM
I decided to sell today and I might buy back later after further developments.I took Gary for his word.He says nothng is going on with any of the business.....so...why hang?
Loss is a genius!
Posted by: loss_slayer
Date:9/15/2006 10:48:50 PM
I decided to sell today and I might buy back later after further developments.I took Gary for his word.He says nothng is going on with any of the business.....so...why hang?
Pumping from August 8 when the company released the "Text of Core Assay Report" and the stock peaked around $.13...
Posted by: futrcash
In reply to: stock_seeker who wrote msg# 990
Date:8/8/2006 8:45:25 PM
Considering the #'s in our most recent press releases...
Let's keep in mind that they would be liable for prison time ,if these are fabrications,
Then this stock is heading to dollars+ land!
Selling at these levels would be just plain stupid..
Posted by: Alex Chory
In reply to: stock_seeker who wrote msg# 995
Date:8/8/2006 1:24:11 PM
won't be long will be looking at .20¢ again, some
settling, the up the ladder to over .40¢ for the
first time, I think the financing package will
kick this in the butt and put GPGD in orbit where
it belongs, over fifty cents imho.....
all in due course my dear friend
patience=reward
RTQ .12 x .13
Posted by: Alex Chory
In reply to: OriginalFred who wrote msg# 991
Date:8/8/2006 11:56:04 AM
well we all know over time this is headed higher and higher
no way around it, talk to me when this is .75¢
in the mean time, I'll keep averaging up....
Posted by: Alex Chory
In reply to: futrcash who wrote msg# 969
Date:8/8/2006 11:16:42 AM
.25¢ looking closer and closer, next the financing deal...
Posted by: Alex Chory
In reply to: WOODSCHOO who wrote msg# 973
Date:8/8/2006 5:19:35 AM
Post #of 1591
I believe the MM's themselves want more shares
for a run-up down the line somewhere, the more
they have in inventory, the more they make for the firm....
Posted by: Alex Chory
In reply to: stock_seeker who wrote msg# 971
Date:8/8/2006 5:00:54 AM
I' think this stock will surprise and
just gap up on some extraordinary news,
of course, that's jmho currently.......
patience my dear Watson!
----------
And here was my post from that day...
Posted by: OriginalFred
In reply to: Alex Chory who wrote msg# 992
Date:8/8/2006 12:03:42 PM
Alex, sorry, but no one "KNOWS" if ANY stock is headed higher. If you did, you would put your life savings into this stock. That would be crazy.
I do not think it is useful to throw out random prices like $.75 without trying to justify the number with some kind of fundamental analysis. Anyone can make up numbers.
I find the press release to be encouraging, but I still have a lot of answered questions. I think the board would be much more useful if people would address fundamental issues rather than cheerleading the stock price.
There is nothing wrong with shallow holes, but you have to take enough samples in the right configuration to satisfy industry standards on defining reserves. They have not done that.
Instead, they have thrown out a name of someone who has supposedly been involved in defining reserves at other mines. This tactic does not add credibility to their claims.
I could find no record of a relation of Carlos Rodriguez to those other mines. If he did work on defining reserves for existing mines, he should know about industry standards and the proper way to take core samples and define reserves.
I would still like to know if anyone can find any information about "Metallurgica de Mineras S.A." The company does not have a web site, and there is not one reference to this company on the Internet besides the Grand Pacaraima press release.
Last, "Carlos Rodriguez" is not exactly a unique name. That could be anybody.
angry, an attempt to be bought out is commendable. My concern is this. Their drilling has been minimal, and they have not proven any reserves according to industry standards. Until they do, it will be very difficult to find a buyer. The other problem is that the company that did the drilling does not seem to exist. I could not find any record of the company on the Internet. Very strange.
Another issue is why bother with a stock listing if they are just looking for a buyout? It would be just as easy to sell as a private company. What is the advantage of having a pink sheet listing? They had to dilute themselves to get the listing, so what is in it for the current owners?
More questions...
Alex, no one is asking you to leave. Just tone down the pumping, for crying out loud. You have been cluttering the board with nonsense. I doubt many people have the time to read through all your posts. If there is any real information on this board, it would be difficult to find.
It does not have to be all or nothing. Everything in moderation.
angry, what did IR tell you when you called them? My point is that I see dozens of posts a day here, but there is no information about the company beyond the press releases. I have no desire to talk with the company myself.
There are some excellent gold/mining stocks out there selling at bargain prices. Check out RNO, GLE, AUY, and GBN. RNO in particular will have spectacular earnings in Q3.
rbtree, no one was able to answer any of the rather simple questions on my list. That tells me no one really knows anything about this company. Lack of knowledge does not seem to put a damper on the posting, however.
http://www.investorshub.com/boards/read_msg.asp?message_id=13177686
Unanswered Questions
This company issues a press release, and only $1000 worth of stock trades? What could be the problem? Maybe it is that the unanswered questions that REMAIN unanswered. Dozens of posts appear on this board every day, but they mostly amount to mindless pumping. No one seems to really know anything about this company. Here are the questions again. Anyone willing to take a stab at them?
Why is there no record of "Metallurgica de Mineras S.A." on the Internet?
Why does the company not have a web site?
What does Investor Relations say when they are contacted?
Why is there so little interest in a gold stock that claims to have a 3.6 million ounce reserve?
Now that the pop from the core assay press release is over, what could make the stock go higher (besides financing, of course)?
When will this company start reporting?
How can a company with a $6 million market cap obtain the $50 million or so to develop a gold mine in a high risk area of the world?
Why has the property gone undeveloped for 25 years if it contains so much gold?
rags, it should be obvious that this company does not have the value that they claim in the tailings. If they did, the company would be hugely profitable right now and would not be in all this legal trouble.
An "audit" would prove nothing. Accountants do not know how to value ore. What the company needed to do a long time ago was hire a reputable and independent assay firm. They could not do that, of course, because their property would have been proven to be worthless.
I am just pointing out the obvious here. You are welcome to do what you want with your money.
rbtree, I agree with you completely. There are just too many unanswered questions with this stock. I would not recommend it at the current price.
My favorites in the mining sector are RNO, GLE, AUY, and GBN. I think all 4 represent excellent value. RNO in particular will have spectacular earnings this quarter.
rbtree, it is good to see an honest and informed poster on this board. The pumpers and liars cannot stand people like you. They will attack you without offering any information to show this stock is not a scam. Of course, it is a proven scam, and your links provide plenty of proof.
I dislike scams and scam pumpers also.
Unanswered Questions
This company issues a press release, and only $1000 worth of stock trades? What could be the problem? Maybe it is that the unanswered questions that REMAIN unanswered. Dozens of posts appear on this board every day, but they mostly amount to mindless pumping. No one seems to really know anything about this company. Here are the questions again. Anyone willing to take a stab at them?
Why is there no record of "Metallurgica de Mineras S.A." on the Internet?
Why does the company not have a web site?
What does Investor Relations say when they are contacted?
Why is there so little interest in a gold stock that claims to have a 3.6 million ounce reserve?
Now that the pop from the core assay press release is over, what could make the stock go higher (besides financing, of course)?
When will this company start reporting?
How can a company with a $6 million market cap obtain the $50 million or so to develop a gold mine in a high risk area of the world?
Why has the property gone undeveloped for 25 years if it contains so much gold?
"Let's keep in mind that they would be liable for prison time, if these are fabrications"
Yea, a foreign pink sheet stock would never lie!
Ha, ha! Good one!
bill, that is a very intersting commentary from BI. I can understand his frustration with the company given all the delays, but things are finally coming together. Granted, production is still a few years off, but it should be an exciting few years. The prize is finally in sight, and we finally have decent management.
Given the potential of the 2 projects, GBN remains one of the most under valued gold stocks I own. My calculations account for the discounted value of earnings that will be a few years away. Even when discounting 14% per year, and assuming earnings in 2010 for Hollister and 2013 for Burnstone, GBN is still a value.
Alex, sorry, but no one "KNOWS" if ANY stock is headed higher. If you did, you would put your life savings into this stock. That would be crazy.
I do not think it is useful to throw out random prices like $.75 without trying to justify the number with some kind of fundamental analysis. Anyone can make up numbers.
I find the press release to be encouraging, but I still have a lot of answered questions. I think the board would be much more useful if people would address fundamental issues rather than cheerleading the stock price.
Excellent Press Release
This is the type of information that investors need to know. This is real data that details the drill results. This is USEFUL information rather than the "ra, ra; its going to $X" cheerleading we keep hearing from certain posters on this message board.
Alex, I doubt that calling MMs would prove to be a fruitful endeavor. The MMs are buying at $.10, and they are selling at $.11. That is they way it works. It does not mean anything.
Alex, I do not believe the MMs really care much about this stock either way. It is too thinly traded for them to gamble with it. I think they are just trying to make a penny here and there on the spread, and that is all there is to it.
Alex, how can you state "this stock will surprise" when you do not really know anything about the company. This stock could just as easly surprise to the down side.
That's jmho.
Alex, I ask for an answer to those questions "without telling me to sell and go away." Instead, you were unable to answer the questions, and you pretty much told me to sell and go away.
I see a lot of posts on this board, but no one seems to really know much about this company. Is that the way you like to invest? It does not seem wise to just throw your money into a black hole and hope it will pay off.
These message boards are supposed to be for sharing infomation, but I have been disappointed by the lack thereof.
Some unanswered questions.
There are a lot of unanswered questions regarding this stock. Does anyone what to try to answer them (without telling me to sell and go away)?
Why is there no record of "Metallurgica de Mineras S.A." on the Internet?
Why were the full results of the core assay project not released?
Why does the company not have a web site?
What does Investor Relations say when they are contacted?
Why is there so little interest in a gold stock that claims to have a 3.6 million ounce reserve?
Now that the pop from the core assay press release is over, what could make the stock go higher (besides financing, of course)?
When will this company start reporting?
How can a company with a $6 million market cap obtain the $50 million or so to develop a gold mine in a high risk area of the world?
At least loss admits that he lies on message boards. A lot of the scum on these boards act like they are so honorable when they are really two bit scam artists.
Kudos to loss for being honest about lying.
"what do you suggest we do?"
I have not told anyone to sell.
"loads of pinks are non-reporting."
That is part of the reason that pink sheet stocks in general cannot be trusted.
"why are you invested in this stock if you are so uncertain?"
Because I think it will go up.
"a website doesn't neccessarily validate anything except to post up a lot of glossy pictures."
Agreed, but it does show some level of consideration for investors.
"if I were you, I would sell your shares and invest in treasury bills or TIPS"
I do have a large investment in TIPS for the conservative part of my portfolio. I also think taking a calculated risk once in a while is acceptable. Do you really care about my investments, or do you just want me to go away?
"wishing you the best"
Thank you.
stock_seeker, I appreciate you setting up this board, and I am invested in this stock, so I hope for the best. Still, I think my questions are valid. No one has been able to provide much basic information about this company. How can we be sure it is different from its previous stock symbol? Why does the company not have a web site? Why does it not report? There are a lot of questions here, and it is not fair to investors to just gloss them over.
amarksp, regarding the Hecla royalty, we know it is about 50%, which is good, but we also know that Great Basin will not receive any royalty until Hecla's costs are covered. Hecla is spending nearly double the original projections to develop the mine. I doubt Great Basin will see any cash from this deal until 2010. That is what I used for my discounted earnings calculation. Do you agree?
Alex, answer my question. Irregardless of UDVE, how do you know this is a real company. It is on the pink sheets so it does not report, it does not have a web site, and Google searches come up empty on this company and the company that did the core samples. So how do you know it is real? This is a fair question. The fact that you want me banned shows that you are a shill who has something to hide. You should be banned for being a pumper.
box, it is frustrating that those feasibility numbers always use a very low price of gold, so it is difficult to figure out what the company is really worth given $650 gold or higher.
I do my best to estimate the discounted value of future expected earnings, and I give GBN a discounted future P/E around 13. This is a little higer than before because the Hollister production seems to have dropped from 193k to 150k ounces per year, and the cash costs have increased from $123 to $213 per ounce.
Still, this P/E is low, and I think a fair value would put it at almost double. That would put the stock around $3.50 to $4. Of course, once these stocks get moving, they tend to over shoot, so I would not be surprised to see a stock price above $5 some time in the next few years. And if the price of gold continues to go up, which I think it will, I do not think $7.50 is unreasonable.
futr, actually, I asked some pretty good questions. Shills like you always get upset when someone asks the tough ones. I notice you do not have any answers. Typical.
I HOPE this company has nothing to do with UDVE, but how can we know? Do we really know anything about this company? It is a non reporting pink sheet piece of sheet. They do not even have a web site! All we know is the limited information contained in PRs, and we know UDVEs PRs were full of lies.
If you do Google searches of this company or "Metallurgica de Mineras", you come up with nothing. How do we know either one of these are real companies?
Gold reserves: 3.6 million ounces
Market cap: 61 million shares x $.10 = $6.1 million
Normal market cap per ounce for this development stage = around $25 to $50 per ounce
Minimum expected market cap = 3.6 x 25 = $90 million
Can you say "10 bagger"?
Of course, this assumes that the company is being honest. A previous iteration of this company, UDVE, was a proven scam that issued lying press releases.
Core results out for the stock I mentioned earlier.
3.6 million ounce reserve, and 2.8 ounces per ton
This is amazing! This stock is going MUCH HIGHER!
Recoverable Gold Reserves of 3.6 Million Ounces; Indicated Reserves Exceed 5 Million Ounces
CARACAS, VENEZUELA, Aug 02, 2006 (MARKET WIRE via COMTEX) -- Metallurgica de Mineras S.A. has completed the core assay project as contracted by Grand Pacaraima Gold Corp. (PINKSHEETS: GPGD). According to the assay report, there are recoverable gold reserves of 3.6 million ounces and indicated gold reserves of 5 million ounces.
Guidelines specified under the agreement were for spacing requirements of 25 meters at a specified depth of 5 meters or less. Four quadrants each: NE, NW, SE, SW were sampled for the Cerro Trompa, San Miguel, Zapata and Mosquito Mines located in the region 8-12 kilometers northeast of Icabaru, Venezuela.
In comparison to previous sampling of these four mines, the northeast quadrant of Cerro Trompa at 87.53 grams per ton or 2.81 ounces per ton greatly exceeded our expectations.
It is the recommendation of Metallurgica de Mineras S.A. as well as Grand Pacaraima Gold Corp. that the company execute a major development venture on the concession with the Semana del Sur district.
----------
3.6 million ounce reserve and 2.8 ounces per ton is very impressive! This company might really have something here!
Risky mining stock
Anyone who likes this junk obviously likes risky mining stocks. Normally, I stay away from pink sheet garbage, but Grand Pacaraima could be setting up for a big pump. This is the last day to buy shares before the drill report is released.
Note that a few symbols ago, this stock was UDVE, a scam mining stock that frequently told bald faced lies in its press releases. The management and properties are completely new, so they say.
http://www.pinksheets.com/quote/quote.jsp?symbol=gpgd
GPGD Confirms Sampling Results Announcement on Wednesday; Shares Structure Info
CARACAS, VENEZUELA, Aug 01, 2006 (MARKET WIRE via COMTEX) -- Grand Pacaraima Gold Corp. (PINKSHEETS: GPGD) confirms that the core sampling report shall be released on Wednesday, August 2nd. Once the report is made available to the public, Grand Pacaraima plans to enter negotiations for full development of the properties located 8-12 kilometers NW of Icabaru, Venezuela.
Investor Relations specialists will be standing by to answer inquiries by shareholders.
Grand Pacaraima has only 10,073,382 shares in the float. Majority of the shares of the company are held by insiders and there has been absolutely no indication that any insiders wish to sell any of their shares.
----
Core Sampling Report Completed; Results to Be Announced on Wednesday, August 2nd
CARACAS, VENEZUELA, Jul 28, 2006 (MARKET WIRE via COMTEX) -- Metallurgica de Mineras S.A. has notified Grand Pacaraima Gold Corp.(PINKSHEETS: GPGD) that core sampling and analysis of the company's four mines in Venezuela including the Cerro Trompa, San Miguel, Zapata and Mosquito have been completed. Four samples of the NE, NW, SE and SW quadrants of each property were reviewed by Carlos Rodriguez C.M.E. Results are expected to be reported on Wednesday, August 2. Subsequent to the release thereof, Grand Pacaraima plans to enter negotiations for full development of the properties located 8-12 kilometers NW of Icabaru, Venezuela.
Hecla making progress on Hollister
http://biz.yahoo.com/bw/060802/20060802005335.html?.v=1
About 30% of the planned underground drilling has been completed at the Hollister Development Block gold-silver exploration property in northern Nevada's prolific Carlin Trend. The project is an earn-in to a 50/50 joint venture with Great Basin Gold (GBG). The exploration program is on track to allow a decision early next year on whether the deposit is economically mineable. The East lateral drift was completed in the second quarter, with the West lateral drift scheduled for completion in the fourth quarter. Total project-to-date underground development totals 6,139 feet. About 160 feet of drifting was completed on the Gwenivere vein, where the mineralized structure averaged approximately 0.8 ounce of gold per ton and 12 ounces of silver per ton over an average width of 3.8 feet (undiluted). Additional drifting on the Gwenivere vein and both the South and Central Clementine veins is planned in the fourth quarter to generate a bulk sample for metallurgical and mill testing.
To date, 42 drill holes have been completed for a total of 15,440 feet, out of the 55,000 feet planned for the total program. A second drill has arrived and is operating underground at the site, and diamond drilling is slated for completion by the end of the year. Intercepts have returned gold and silver grades generally ranging from mildly anomalous up to 8 ounces of gold per ton and 200 ounces of silver per ton. While there is not enough information yet to determine the economic viability of the deposit, drilling in some areas is generally verifying the grades, thicknesses and variability expected from previous drilling. The feasibility study for the project is on schedule for completion in the second quarter of 2007.
loss, I cannot believe you did not know that. Market makers only need to display market maker bids and asks. That is the idea of having a market maker market. It is also the reason the OTC BB is a pain in the butt. You do not trade directly with other people. Trades go through market makers, and they usually want a cut of the action. It creates a built in spread on every trade. Usually, for a limit buy order to go through, the stock has to trade below the buy price, and for a sell order to go through, the stock has to trade above the sell.
At least you had the guts to post about your mistake. I hope the Ameritrade guy did not laugh.