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I bought $10,000 worth yesterday at .0625. Not worried at all.
That was me Long. My office is like a mile from theirs. Spent about an hour with Michael.
They have a sweet plan in place for the next three years.
I have not. Used to talk to both IR guys regularly and even Larson himself. Last summer though. Not recently.
OTCQB should be the least of James’ problems. Since reps from Qiangda have “toured” the mine, the Triads know where to find him.
Looking for that discharge of custodianship this week...
Good post. And you're right. Too many variables to tell if this thing is legit or not.
Two questions everyone should be asking:
With the reported cost of mining so ridiculously low and output so profitable, combined with the low float, why is this not trading at .50 or higher?
More importantly, with all the things stated above, how come some other mining company hasn’t swooped in and bought them up? They have been reporting numbers like this quarter in and quarter out for two years.
Thanks Georgie.
Are you talking about the OTC website? If so, no they are not. Asia Metals has not ONCE disclosed the location with coordinates.
This is the perfect transition strategy for them. They can divest themselves of their non-existent mines and acquire new, non-existent properties all over the world now. That way they can keep posting great revenues without ever having to tell us where anything is.
That’s the million dollar question. Could be quick, depending on the motivation. Last filing was 9/20. I’m thinking they could do something this week.
It is, yes. He terminated the custodianship last week so now we wait on the new company to do the filings and get going with something.
Yeah if we can start basing @ .03 and above, that will at least run the flippers off.
Thanks Ricky. Saw that too.
What are you reading that says this? Some people are saying it will be finalized sooner than that.
True that. Lots of selling the last two days. Lots.
We will see. Selling still outpacing buying for the second day in a row!
Um, there are plenty of people selling which is the problem. If everyone put their sell orders in at .045 and above, the market would follow.
Hopefully. Sellers outpaced buyers by more than just a little and the EOD action was grim.
Well, that was a bummer.
Exactly. People bought 6 million shares today. They didn’t do it to lose money.
That’s a good article. Hard to believe it was 7 years ago and these guys are still standing there with their hands on their hips staring at the tunnel wondering what to do. Maddening.
And we have CDEL covering their short on the BID.
Unbelievable. That’s a big chunk sitting out there too. Thought we were supposed to have another PR this week too?
ASK is just crumbling...
Buying pretty much near the bottom so that doesn't hurt. Only place to go is up from here. I've made money on this a few different times from .04 to .08 and then .07 to .09.
I like these prices.
Yeah, probably. Bought in the low .03s and was 50% down. Should have put a hard stop on this one. Also don’t like to see CDEL on both sides with no big Bids or catalysts on the way. It was a micro float a few days ago so going from 4 to 15 ain’t cool. Not blaming anyone, just a poorly executed trade all the way around. Good luck!
I was all excited about this until I saw the updated O/S posted today.
Mud whistle made me laugh out loud.
It’s a predetermined buy/sell between two parties who agree on a set price usually slightly lower than the ASK. Most cross-trades are for large blocks of shares. Seen as a good thing as in there is interest in the stock.
Well, it has been a terrible day here. Just a complete collapse.
It’s not dilution. CDEL is a shorter.
OTCX is out the box now and hopefully CDEL will be done soon today. Just accumulating. Should be a good close.
Whatever is thrown up on the BID is being hoovered with a 4 to 1 Sell to Buy ratio. Going into stronger hands at these lower prices at least.
Market Maker
I don’t think someone would have bought over 500K at .0193 if they thought this thing didn’t stand a chance this week.
Oh I know. Just strange trading. Like that person who just HAD TO have 500K at .0193 when everyone else is buying way lower than that today.
Too many people selling to make any kind of run today.
That .0193 BID was super strange when you can get this under .018.
Thought we were going to run big there for a second!