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If this company would just figure out how to make a profit, the stock price would take care of itself. Why pay this money and potentially print 100,000 shares if the company is doing well? Does this mean that someone wants to sell? Does it mean the company needs to dilute because it is losing money? Tungsten is at record prices, and this company is not talking about profits at all. What the heck is going on?
North American Tungsten Corporation Engages Brisco Capital Partners Corporation
Tuesday April 25, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2006) - North American Tungsten Corporation Ltd. (the "Company" or "NTC") (TSX VENTURE:NTC - News) is pleased to announce that it has retained BRISCO Capital Partners Corp. ("Brisco"), a Calgary-based company specializing in investor relations and corporate communications. BRISCO will develop and execute an investor relations program to broaden NTC's exposure within the Canadian investment community.
BRISCO takes a full-service approach to investor relations and provides creative, effective, results-driven investor relations programs for Canadian public companies.
NTC has retained BRISCO for a one year term, subject to regulatory approval, commencing on April 25, 2006, which may be renegotiated and renewed for a further term as may be mutually agreed upon. In consideration of the services to be provided, NTC has agreed to pay BRISCO a monthly retainer of $6,000, plus reasonable out-of-pocket expenses. In addition, BRISCO has been granted an option to purchase an aggregate of 100,000 common shares of NTC at an exercise price of $1.10 per share, expiring April 25, 2008, and vested in accordance with TSX Venture Exchange policies.
North American Tungsten Corporation Ltd. is a publicly listed junior resource company engaged primarily in the acquisition, exploration, development and operation of resource properties in the Northwest Territories and Yukon Territories. The company reactivated the Cantung mine in June 2005 and restarted operations and tungsten production in September 2005.
sirotka, FMNJ was obviously a good recommendation, so I would be remiss if I did not congratulate you.
As for penny stock being gambling, I have no problem at all with gambling as long as there is a chance to win. Unfortunately, many penny stocks are GUARANTEED losers. They get pumped up with lies, and they have no real business plan. Investors who are taken by these scams have no way to fight back. The SEC does not care about penny stocks.
I strongly believe there is a penny stock Scam Syndicate that exists to squeeze money out of penny stock investors. Not all penny stocks are part of the Syndicate, but the ones you see being pumped everywhere are usually Syndicate material.
sirotka, I have not really been following FMNJ, so maybe the company really has changed. I suppose it is possible. At the same time, what the heck does the company know about drilling for oil and gas in Bolivia? I read a few of their press releases, and they are all very vague. Why can they not spell out exactly what they are doing and how they plan to make a profit. Profits do not come from signing deals. They come from adding value. I do not see how the company plans to add value.
I think the more likely scenario is that FMNJ is still a tool of the penny stock Scam Syndicate. They have pumped it before with lies and they could very well be pumping it again.
The penny stock market is riddled with pump and dump scams. Look at SLGLF and NMCX to name a few. A couple others I follow are UDVE>MDGM>GPGD and QTFV>QTFI>ADDI>ADSD. The really bad scams keep changing their symbol to convince the suckers that now they are different.
sirotka, no offense intended. I am just pointing out that FMNJ has a sordid history. Furthermore, if the company is for real, why are they on the pink sheets? An honest company would report to investors for transparency. I have seen many a company on the pink sheets outright lie about their prospects in order to sell stock. Selling stock is much easier than mining gold.
Of course, even OTC BB companies lie. The fact is that penny stocks generally do not have the capital needed to successfully develop a profitable mine.
I aim to please! And I admit to a little exaggerated sarcasm. I really have nothing against DMXP. I actually made some money on it a while back, so I will be the first to admit it can be a good trade if the timing is right.
It seems that anyone interested in DMXP should be interested to hear of other micro cap mining companies that could have a lot of potential. The difference is that DMXP is a dead proven failure while NRDS is on fire. I think that NRDS offers DMXP investors a chance to make back some of the money they lost. If I owned DMXP, I would sell it all and put the money into NRDS.
As for pumping, the DMXP pumping has been a disgrace. The company offers nothing, yet the pumpers keep implying that there is some kind of deal with De Beers. Then I keep reading stupid comments like "someone must know something" and "big blocks are being bought today". Yet the stock price flounders around $.0007. It would take a 1:100 reverse stock split just to get this garbage to 7 cents!
That is why I think you should look elsewhere for good investments. Put a fork in DMXP; it is DONE. NRDS is just getting warmed up!
Franklin Mining FMNJ is a known scam. It was exposed as a scam a couple of years ago. The greed and stupidity of investors keeps bringing these scams back from the dead again and again.
http://ragingbull.lycos.com/mboard/boards.cgi?board=UDVE&read=1350
Other recent Stockcomm promotions have involved another Houston-based oil company in the pink sheets: Franklin Mining, Inc., listing Arnett as the contact man. Between October and November of last year, this stock soared on press release hype from 1/10,000th of a cent to 60 cents per share, giving the company a brief but spectacular market value of close to $200 million.
Thereafter the stock collapsed and is now selling for roughly half a cent per share.
Great Basin Annual Report filed 4/7/06
Lots of good reading. My favorite part is this regarding Burnstone:
In 2005, the Company initiated a Feasibility Study. Various sub-studies for the feasibility study were completed at year end. Review of the results and compilation of the final feasibility report began in the first quarter of fiscal 2006. This work is expected to be completed in the second quarter.
Form 40-F listed here. The HTML version is broken into sections.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000865492&owner=include
Or if you prefer the Yahoo version with the complete filing in one document, go here and enter "Great Basin" as the Company.
http://yahoo.brand.edgar-online.com/
I think the market is grossly under estimating how positive this news is. This is the signal that Burnstone is a "GO". We will know the real strategy soon, but as a rough guess, it will take $100 million to get Burnstone running. This dilution should cover $25 million of that. With a good feasibility study, it may be possible to finance the rest with debt.
Whoever bought these shares must realize the potential of this project. They did not receive much of a discount. The market has been ignoring Burnstone for a long time, but I think the stock price will begin to reflect the value of Burnstone soon.
amarksp, I completely agree that RNC had huge potential for excellent earnings. Unfortunately, they failed quarter after quarter after quarter to realize that potential. They never even came close to meeting their OWN goals. Every quarter, they had some lame excuse why their goals were missed. The only conclusion I can reach is that the mines and the company were poorly managed. By repeatedly missing their own expectations, management drove the stock price into the ground and made it increasingly difficult to raise the money they needed.
Maybe things were just about to turn around, but in my opinion, RNC management had their chance, and they blew it. Yamana deserves to profit for finding the value in the properties and building the share value needed to purchase them. Yamana seemed to be the only company willing to take on the challenge.
Maybe RNC management did sell the assets at too cheap a price without engaging other potential buyers. Maybe they were more interested in getting a deal where they got to keep one of the properties for almost nothing. In my opinion, that is one more reason we should be happy to be rid of them.
Yamana shares have doubled since the deal was announced.
The closing price of Yamana on Fri, 12/2/05 was $4.86. Today it closed at $10.39. The corresponding RGDIF prices would have been $.58 and $1.25 respectfully based on the .12 shares deal.
I am now showing very close to breakeven on my most expensive RGDIF shares, and I am showing a pretty good gain on my $.29 shares.
I guess the deal turned out to be good for share holders because the properties are finally in the hands of management that might actually be able to turn a profit.
My $1.08 DEZ shares are looking pretty good now also.
seeker, I have been watching this stock for a long time. My first post on the RagingBull UDVE board was in May 2004. I will continue to be curious about what develops. This has been a wonderful education in the workings of a Pink Sheet scam. The best part is since I never bought a share, the education has not cost me a dime.
I ask the tough questions because I am curious, and I want to see if anyone knows the answers. Investing has to be done based on information. Otherwise it is just gambling or worse, guaranteed losses on a scam. I have no respect for Pink Sheet stocks because they do not even bother to report to share holders. They basically have a license to print an infinite number of shares without even telling you. Share holders are supposed to be owners. The deserve to know basic information about the company they own.
I hope this stock does well for you as I continue my education. Maybe it really has changed, but there are still some big questions that have gone unanswered. I will not repeat them now because it is obvious that no one knows the answers.
I would like to know why you think this company is any different than it was when it was UDVE or MDGM? Both iterations of this company made a lot of promises that later turned out to be lies designed to extract money from investors.
Also, why has this company not been forthcoming about the deal for the new property? We all know they did not get the property for free. How many shares did they have to print? If it was just 20 million shares, something is not right.
Number of shares.
Funny that the last press release said there were 5 million shares in the float, but PinkSheets says there are 10 million as of 2006-03-28. Hmmm.
Also, PinkSheets reports Outstanding Shares: 61,080,272 as of 2006-03-28.
If I remember correctly, this company had 40 million shares before they acquired this wonderful new property and changed the name to GPGD. Are we to believe that a company that was basically a shell was able to acquire a good property for only an additional 21 million shares? I seriously doubt that. Something here does not smell right.
One other question. How did PinkSheets get information on the share count when it has not been reported in a PR or an SEC filing? I also notice PinkSheets is showing Level II. I think the listed company has to pay for that. GPGD is likely trying to build interest in their stock. Unfortunately, that usually means someone wants to sell shares.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=GPGD
I will continue to beieve this company is a scam until they can prove otherwise.
Julian, this stock has always been a scam, and until there is proof to the contrary, it will always be a scam. The company is not even honest about the number of shares in the press releases. They tell the "float" but they do not tell the number of fully diluted shares. Insiders could be holding 1000 shares for every 1 share currently in the traded float.
In addition to NOT being honest about the share structure, this company does not even have a web site to explain their supposed properties. How is anyone supposed to know if they are worth anything? MDGM supposedly has a property also, but it was worthless.
They can keep changing the name, but the fact remains ... most pink sheet stocks are pieces of sheet.
Thu Mar 30, 2006: Great Basin's Ferdi Dippenaar presents at AMEX
http://www.hdgold.com/gbg/AnalystReports.asp
Hecla Annual Report For the fiscal year ended December 31, 2005. Filed March 10, 2006.
PRE-DEVELOPMENT EXPLORATION PROPERTIES
Hollister Development Block
In August 2002, our wholly owned subsidiary, Hecla Ventures Corporation, entered into an earn-in agreement with Rodeo Creek Gold, Inc., a wholly owned subsidiary of Great Basin Gold Ltd. (“Great Basin”), for the exploration, development and production of Great Basin’s underground gold property in the Ivanhoe Mining District of northern Nevada known as the Hollister Development Block (“Hollister”). Located on the northwestern extension of the Carlin Trend, the nearest active mining operations are the Dee mine, located eight miles to the southeast, and the Ken Snyder mine, located twelve miles to the northwest. The nearest major population centers are the towns of Battle Mountain, 38 miles to the southwest; Elko, approximately 47 miles to the southeast; and Winnemucca, 64 miles to the west-southwest.
The Earn-in Agreement, as modified by the parties in March 2006, provides us with an option to earn a 50% working interest in Hollister in return for funding the first stage of an advanced exploration and development program and funding 50% of the second stage. We estimate the cost to achieve our 50% interest to be a maximum of $25.1 million, with our share of the total project to reach full production levels at approximately $36.0 million. We are the manager of the exploration and development activities and if we complete earn-in activities, and if we achieve successful exploration results and upon completion of a favorable feasibility study, we will be the operator of the property. Our project costs through 2005 total $15.7 million.
Hollister is defined by a 6,000-foot by 7,000-foot project boundary, or 964 acres, within a larger claim block held by Newmont Mining Corporation and Great Basin Gold. The most recent operation was the Hollister mine, operated from 1990 through 1996, consisting of two open-pit gold mines and a heap-leach facility.
The underground exploration project consists of approximately 7,500 feet of underground excavation, including a decline access to the mineralized structures, crosscuts, diamond drill stations, muck bays and miscellaneous openings. Approximately 5,000 to 15,000 tons of bulk samples from the different veins within the system are planned, along with approximately 55,000 feet of diamond drilling from underground locations. Surface support facilities for the underground exploration project are located in the existing east Hollister pit, thereby limiting most surface disturbance to areas associated with previous mining activities.
In 2005, construction of the surface facilities was completed and physical exploration efforts underground continued. By the end of 2005, a total of 4,227 feet of openings had been created, and one of the veins had been intersected. Forty nine full-time employees work on the project, with an additional eight contractor/part-time employees performing support roles. All surface facilities and systems have been installed and are operational, with the exception of the waste-rock dump evaporation sump. The originally conceived sump system has not been constructed due to high groundwater levels below the surface. Modifications to the sump design have been approved by federal and state regulatory agencies.
In 2006, we anticipate completing physical exploration by driving another 3,300 feet of openings, and to complete approximately 55,000 additional feet of diamond drilling from underground drill platforms. Metallurgical testing is expected to be conducted, negotiations with potential milling facilities are likely to be pursued and a feasibility study is expected to be compiled. A decision on the viability of a commercial operation is anticipated to be made during 2007. If a production decision was not favorable, closure and reclamation activities would commence pursuant to the stipulations in the Earn-In Agreement.
In April 2005, Hecla Ventures Corporation filed a lawsuit in Elko County, Nevada, against Great Basin and Rodeo Creek Gold Inc., to resolve contractual disagreements involving the Earn-In Agreement. In March 2006, the parties agreed to amend the original Earn-In Agreement to reflect changing conditions at the project, revise certain deadlines and to dismiss all litigation. The main modifications to the Earn-In Agreement were as follows:
- We have committed to complete and fund 100% of the remaining Stage 1 earn-in activities by March 31, 2007;
- We and Great Basin will fund Stage 2 equally, although we will fund Great Basin’s Stage 2 activities until we deliver the feasibility study, at which time Great Basin will reimburse us for their Stage 2 expenses;
- If the decision is made to develop and operate a mine, we must achieve full production by August 2009, as a condition of earning a 50% working interest in the project;
- We are entitled to the proceeds of the first 50,000 ounces of gold (or equivalent) up to the actual costs of Stage 1 activities plus 15%, not to exceed $25.1 million, from Stage 1 activities, thereafter any revenues will be shared equally; and
- We and Great Basin have agreed to terminate the litigation.
If the acquisition has been completed, when do we get our AUY shares in exchange for our RGDIF shares?
Yamana Completes Acquisition Of RNC Gold
Tuesday February 28, 4:40 pm ET
TORONTO--(BUSINESS WIRE)--Feb. 28, 2006--Yamana Gold Inc. ("Yamana") (TSX:YRI - News; AMEX:AUY - News; AIM:YAU) and RNC Gold Inc. ("RNC") (TSX:RNC - News) today announced the completion of Yamana's previously announced acquisition of RNC. Pursuant to the transaction, shareholders of RNC will receive 0.12 of a Yamana common share for each RNC common share. Yamana will issue 5,782,376 common shares in connection with the transaction and will have 199,238,320 common shares outstanding after giving effect to the transaction.
The RNC transaction adds two mines and another advanced development property along with a portfolio of exciting exploration targets in Central America to Yamana's current portfolio of projects.
RNC Shareholders Support Merger With Yamana Gold
Friday February 17, 6:36 pm ET
TORONTO--(BUSINESS WIRE)--Feb. 17, 2006--Yamana Gold Inc. ("Yamana") (TSX:YRI - News; AMEX:AUY - News; LSE(AIM):YAU) and RNC Gold Inc. ("RNC" or the "Company") (TSX:RNC - News) today announced that the shareholders of RNC have overwhelmingly voted in favour of the proposed merger between RNC and Yamana. At a special meeting of the holders of common shares of RNC this morning, more than 99% of the votes cast were in support of the transaction; approximately 72% of all eligible shareholders participated.
Subject to final court approval, the transaction is expected to be completed at the end of the month.
About Yamana
Yamana is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. Yamana expects to produce gold at intermediate company production levels by 2006 in addition to significant copper production by 2007. Company management plans to build on this base through the advancement of its exploration properties and by targeting other gold consolidation opportunities in Brazil and elsewhere in Latin America.
Yamana has approximately 193.4 million shares outstanding. On completion of the RNC acquisition, Yamana would have 199.1 million shares outstanding.
I got my proxy today. As I stated earlier, I will vote yes. The decision got even easier with the rally in AUY.
I think I am voting yes. The offer made by Yamana was a disgrace. It was a slap in the face to all RNC investors who know the true value of the assets.
Unfortunately, a vote AGAINST the offer is a vote FOR the current RNC management. I do not trust these jerks anymore, and I would rather the assets go to a company that can realize their value.
RNC management proved to be incompetent. They never could meet their OWN goals, they ran the stock into the ground, and then they sold their stock holders down the river. The offer of .12 Yamana shares is terrible, but I do not think we have a choice. It is a shame that they could not make a reasonable offer of maybe .16 shares. Current Yamana share holders would not have noticed the difference, and RNC share holders would be a lot happier.
Hecla conference call for 2005 Q3.
Comments on Hollister start at 18:50 in the conference call.
http://biz.yahoo.com/cc/0/62230.html
At the Hollister development project, an underground gold exploration project in Nevada, ramp development continued during the 3rd quarter. Ground conditions have improved allowing for higher advance rates. We are approaching the area of the veins drilled from the surface and in fact have intersected massive white quartz with banded quartz and soft quartz along the strike projections of the Gwenivere veins. Ramping is nearly complete and excavation of the drill lateral will begin soon. Underground drilling will commence in January. We anticipate completing the feasibility study by the end of 2006.
Feasibility study by early 2007? This was supposed to be done by mid 2006. Now it is pushed out another 6 months?! What the heck is Hecla doing?
My low buy was US$.29. That is looking pretty good now, but my average cost is still in the red. I suppose pennies will not matter much in a couple of years when gold is around $600, and this stock is trading in the $5 to $10 range.
Cyto, sorry, I did not mean to imply that you were saying anything that was not accurate. My point is that I do not understand why companies are complaining about the new standards. I just do not see that there much more work involved. If they report something that is inaccurate, then they SHOULD be required to fix it in a revised report.
I have looked at a lot of quarterly reports, and 90% of the content is usually a cut and paste from the previous report. The financial figures are usually something that could be done on Quicken or Excel in a day. It just does not look all that difficult to me.
Any company that does not like reporting honest financial figures is welcome to de-list to the pink sheets. There are plenty of idiots who like buying pink sheet garbage. If a company wants to tell lies and print massive quantities of shares, the pink sheets is the way to go!
Small private companies have to make money to survive. Small public companies usually survive by selling massive quantities of shares to suckers. There are a lot of reasons to take a company public, but none of the reasons involve helping small investors to make money.
I do not see anything in the SEC reports that looks like it is that difficult to fill out. There is like one extra page where the CEO says the report is accurate. How is this a big deal?
gaparrothead, I disagree. The period from the end of the quarter until the time a company actually reports earnings is know at many companies as the "quiet period". At most companies, this period is only about 3 weeks per quarter. Pretty much ANYTHING that is done by insiders at that time is considered insider trading unless it was planned ahead of time. A vague statement about possibly buying back shares in the future does not qualify as a planned market activity.
"A corporation may not repurchase its own stock before any material inside information is reported to the public"
That is pretty clear to me. The company knows what its earnings are. The public does not. If they bought back shares before the market was allowed to react to the earnings report, they would be in violation of insider trading rules.
Would you like to know what the earnings are right now, before the quarterly report? Of course. You could use that information to trade. That is why it is insider information.
Thanks, gaparrothead. Finally confirmation that the talk of the company already buying back stock was nonsense.
That is 3 quarters in a row where management has failed to meet their own expectations. I am starting to wonder if management are liars of if they are just incompetent.
From the standpoint of valuation, the stock looks really cheap. The problem is that the valuation may be based on false assumptions. If management cannot figure out how to make a profit with gold above $400, maybe the company is worthless.
There was some talk of shorting being the reason the stock is down, but now we know the reason is just good old fashion failure. If anyone was shorting, they deserve credit, because they were able to make some money off this disaster.
I had bought some more stock at what I thought was a low price, but I am beginning to think selling at any price might be a better idea. Management has really failed to deliver, and I have no confidence that any of their projections for 2006 will come true. The dream of good profits has become a nightmare of broken promises and excuses.
(Please accept my apology for this rant.)
Thanks for the link, amarksp. It seems this company is not very good at producing gold, but it is GREAT at producing disappointing results!
Bountiful crops in India and a strike in South Africa should both be good for the price of gold in the short term. In the long term, massive government printing of fake paper money will be what really drives gold higher.
GBN = Right place + Right time
"My analysis of the currency and metals markets points to an eventual dollar crisis and metals prices at all-time highs. I have no idea how long it will take but I believe that it will happen within the next 24 months."
Hollister should be just going into production by then. Perfect timing?
http://www.resourceinvestor.com/pebble.asp?relid=11873
Dale Doelling Says "If You Aren’t Long Gold Now Then You Should Be"
By Jon Nones
08 Aug 2005 at 05:40 PM EDT
St. LOUIS (ResourceInvestor.com) -- Dale Doelling, Chief Market Technician of Trends In Commodities, offers insight into the China equation by examining the country’s economic boom and the short- and long-term ramifications it will have on the U.S. dollar and the price of gold. Mr. Doelling is a 20+ year veteran trader of the financial markets, father of the commodity advisory service Trends In Commodities and recent founder of LTD Investment Corporation.
JON NONES: After China revaluated its currency and delinked it from the U.S. dollar, we watched the price of gold surge. Is this just the beginning?
DALE DOELLING: The United States economy and our standard of living have been artificially elevated by foreign countries that have continued to buy our government debt. This has allowed us to continue to live way beyond our means. Five years from now we’ll probably look back at this event (China’s decision to peg its currency to a basket of currencies instead of solely to the U.S. dollar) as the beginning of the end for the U.S. economy and the beginning of the end for our current standard of living. We are about to enter an economic environment that few, if any, are prepared for and the end result will probably make the long-term deflation that Japan has experienced look like a walk in the park.
JON NONES: How will the revaluation affect gold in the short term?
DALE DOELLING: China new foreign exchange policy is going to become the starting point for the greatest advance in the price of gold and silver in history. I have been advocating LONG positions in gold and silver since the December gold contract was trading near the recent lows around $424-428. My analysis of the currency and metals markets points to an eventual dollar crisis and metals prices at all-time highs. I have no idea how long it will take but I believe that it will happen within the next 24 months.
JON NONES: What about the long-term effects?
DALE DOELLING: I try not to dwell on the long-term effect that this scenario will have on our economy, but I believe that the eventual fallout will resemble the personal and economic strife that we experienced in the Great Depression. The combined forces from the crash in the dollar, the debt, both public and private, that we’ll eventually have to deal with, and the resulting crash in real estate and equity prices will push us into a prolonged deflationary cycle and it will probably take a decade for us to recover from this economic catastrophe.
JON NONES: What will happen if China continues to revalue its currency?
DALE DOELLING: I believe that, like the bombing of Pearl Harbor changed the United States’ position on WWII, China’s change in policy regarding their currency is the event that will change the U.S. economy and our relationship with China forever.
JON NONES: How soon do you think the next revaluation will be?
DALE DOELLING: It doesn’t really matter because the psychological damage, which will take some time to actually become evident, has been done. This first step is what is going to change the tone of the currency markets in general and has already had a negative affect on the U.S. dollar.
JON NONES: Are there other aspects of China’s market affecting the gold price?
DALE DOELLING: The Chinese are just beginning to get their first taste of capitalism, and they will eventually become addicted to it. Look at the IPO of Baidu this past week. That should certainly tell us something.
JON NONES: What will China’s surging economy do to gold in the long run?
DALE DOELLING: I have never professed to be an economist but I do believe that China is going to become, if it isn’t already, a major economic force to be reckoned with. When the U.S. economy begins to spiral downward, China will become “the straw that stirs the drink.” My recommendation is that we all start learning Mandarin now.
JON NONES: What effect will China’s insatiable demand for oil and other commodities have?
DALE DOELLING: There’s no doubt that the escalation in China’s economy is going to continue to support commodity prices in general and I remain bullish on commodities across the board for the long term.
JON NONES: What will higher oil prices to gold?
DALE DOELLING: As a trend follower, the last thing a trader should do is try to pick a top in a market. I’ll be the first to admit that I have been very surprised at the resilience in energy prices over the last year. Like copper and gold, the energy complex remains entrenched in a strong uptrend and there’s nothing to suggest that these trends are going to end any time soon.
JON NONES: What about increases in interest rates?
DALE DOELLING: The Fed is between the proverbial “rock and a hard place.” They are in a position that I don’t envy whatsoever. The Fed’s stance on higher rates simply confirms my belief that the end will be really ugly.
JON NONES: Where do you see gold at the end of the year and beyond?
DALE DOELLING: Trend followers avoid making predictions on where prices are going because nobody knows for sure. If they think they do then they are delusional. But, if you put a gun to my head, I’d tell you that gold will be north of $500 and, quite possibly, $600 by the end of the year. Eventually, I won’t be surprised to see gold trading at $1,000 and beyond.
JON NONES: Is now a good time to buy?
DALE DOELLING: If you aren’t long gold now then you should be. The question is, do you wait for a pullback since we’re at fairly overbought levels or do you just take a position now? That depends on the individual’s circumstances and resources. But, frankly, I believe everyone should have at least 10%-20% of their investable assets in commodities right now and a good portion of that should be in the precious metals markets.
billg, that you for clarifying. Even though the delays have been frustrating, I agree with you that they could work to our advantage. The Dollar looks like it has finally peaked, and next year could be a great year for gold. It will be the perfect time to report drilling results and begin production. If that had happened this year, it would have gone unappreciated by the market anyway. This has not been a good year to own small gold stocks, and even the ones that have successfully gone into production are not getting much of a reward in their stock price.
Things are coming together for Great Basin at the right time. I expect a much higher stock price by the end of 2006.
I though the decline was supposed to be 1,800 feet? Now it is at 2,200 feet, and it will not be completed until mid 2006? Why has the distance increased?
writon, were you weighing in on the naked short debate? I wish you had saved your post and posted it here. RagingBull is flakey, but many of the posters are flakes anyway.
I expect a pull back to the $.065 to $.07 range, and I am thinking of buying some more.
If those evil naked shorts drive the price down to $.01, I will really load up.
RagingBull tips.
If RagingBull will not let you post, try deleting all your cookies. Sometimes a bad cookie can block your posting. You will have to log back in to every site that has saved your login and password, including RagingBull.
Put a space before the .com, .net, or .us in the web site names. It will break the link, but anyone who wants to view the link can easly copy and paste the broken link to the URL window and delete the space. For example, use "http://www.investorshub. com" instead of "http://www.investorshub.com".
Always highlight your post and choose Copy before you Submit. That way, if your post is lost, you can Paste it from the clipboard to get it back.
I tried to buy some more RGDIF today, but Ameritrade seems to be having technical problems with some pink sheet stocks. The symbol is rejected as not valid. A listing on the AMEX would be extremely welcome.
The name of this board is wrong. The name of this company is "Advance Technologies, Inc.", NOT "Advanced" with a "d".
That "correction" did not even test the 50 DMA. It seemed painful while it was going down, but it was simply a needed break. Now that we hit a higher low, we need to hit a higher high.
http://stockcharts.com/def/servlet/SC.web?c=NTC.V,uu[h,a]daclyyay[pb50!b20][vc60][iUb14!La12,26,9]&a...