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1M shares at the Ask in last 30 minutes.
Either there's another "me" out there (buying like a drunken sailor) or maybe whatever's cooking in the oven is almost done.
maseraticoupe,
Thanks for the Obama video. I rarely discuss my penny stocks with my wife (her choice, for which I am thankful). As coincidence would have it, something came up in our dinner conversation last night and I remarked, "Within 2-3 years, every person in this restaurant will be familiar with the term 'vanadium.'"
She smiled her sweet "My husband must be delirious" smile. Tonight, I just showed her the video. She now thinks I am a sage, a really bright guy. Don't tell her any different, OK? This is kinda nice.
Vanadium. It does have a special ring to it.
Re: "We have been saying all this for a couple of years already."
No argument there. However, thanks to depressed pps, I've been able to add substantially to my holdings. WAY substantially. My confidence level is high . . . of course, I'm certainly not perfect or I wouldn't be posting on a stock message board.
Time will tell . . . IMHO, risk/reward here is worth the wait.
GLTY
OntaREEo,
Fantastic post. Much thanks. Only two problems with it, thought I should point out:
1. Now I can't sleep.
2. Nor can I stop buying SRSR.
Other than that, SUPERB!
Thanks again.
While EOY pps is admittedly pure conjecture at this point, I'll throw out something to bat around (or down).
To preface, I base my guesstimate on price/sales ratio because:
1. I haven't a clue what margins on $27M revenue might equal. Also, margins on "only" $27M are going to be much smaller than when MMRF dones multi times that in 2012.
2. Young, rapidly-growing companies often command exhorbitant price/sales ratios (emphasis on fast-growing). This is for the reason given above, i.e., significant earnings are expected to come later. You gotta have revenue first.
One example (used only to illustrate a point):
QPSA, a relatively new, and fast-growing, social networking company, closed yesterday at a P/S of right at 40.
Supposing MMRF ends 2011 with 270M OS and $27M revenue, a P/S of 10 = pps of $1.00.
Under the same format, P/S of 5 = $.50; P/S of 40 = $4.00.
So there's my guess . . . somewhere between $.50 - $4.00. Worst case = 7x where were are today. Best case, I'm retired.
If $27M quidance is merely met, today's market cap will be history. If blown away, it might serve best as a rounding amount.
Also of possible note, chartwise:
Daily: macd (12,26,9) positive crossover today.
Weekly: BBs tightest in 3 years.
GLTA
Tulaz,
Much thanks for your continued contribution to this board, particularly in the face of so many impatient ones. Actually, I feel very fortunate in that this low pps has allowed me to pick up more shares than I thought possible.
Looking at a market cap of $16M with annualized revenue of barely $1M (based on $270K last Q), I'm not at all frustrated with today's pps. MMRF is still an unknown. Over time I believe RL and co. will first add one -0- to that cap, and eventually another.
In the meantime, I'm adding when possible.
Thanks again. Please keep up the great work.
I'm with you there. Beats the heck out of chicken noodle!
Re: "The MMs are letting someone in cheap, and its not Joe Blow investors like us."
I agree. This is what it took for me to pick up 200K . . . and I had to keep raising my offer.
Filled Buy 32300 SRSR Limit 0.031 -- -- 15:23:12 01/28/11
Filled Buy 70000 SRSR Limit 0.0305 -- -- 15:23:05 01/28/11
Filled Buy 77700 SRSR Limit 0.03 -- -- 15:08:19 01/28/11
Filled Buy 5000 SRSR Limit 0.03 -- -- 13:51:00 01/28/11
Filled Buy 15000 SRSR Limit 0.0292 -- -- 13:45:13 01/28/11
Over 1.5 hours, 5 partial fills.
Can't wait to find out one day whether I'm a genius or standing in the soup line. At least I like soup.
Re: Thanks for giving the all-clear to buy more.
Let's hope our infamous prognosticator is as "successful" with this new short as he was with his last one:
>>NNVClover Share Sunday, October 24, 2010 3:18:36 AM
Re: lousy engineer post# 40505 Post # of 44434
I am shorting... <<
Highest price he could've shorted was 1.03 (high on Mon. 10/24).
Today's close of 1.50 = 45% pps increase in 3 months.
If his track record holds, projected price 4/24 = 2.17.
Admittedly, not too scientific, but it is based on solid statistical data, sorta.
MMs at work? Currently 3.5M buys, 1.7M sales, pps down 6%.
Go figure.
Teedlum,
Another way to look at it (current valuation of assets, using round numbers):
$25M cap / $50B assets (niobium only) = .05%, or .0005
While many factors come into play – costs for extraction and transportation, geopolitical climate, market conditions at time of mining, etc. – if SRSR can show inferred/indicated resources of this amount, a 1% valuation should not be too much to hope for/plan on. That’s a 20-bagger for starters.
Or, using your calculation of ~$70B extracted niobium, a 1% valuation = ~$.70pps, roughly a 25-bagger (and that’ using 1B OS . . . assuming we’ll have to give up something in a financing/JV agreement.
IMHO we’ve got pretty good odds of a multi-bagger in the double digits during calendar year 2011. By mining date, pps will be even several times greater. I’m actually not planning on getting filthy rich via SRSR, just comfortably retired :)
GLTY
<<Was that you EOD as well?>>
No, my order had filled prior to my post . . . around 2:00-3:00 ET.
Pay no attention to the last bit of upside price and volume. It's just me, trying to round my holdings up to an even number. I've lost my mind, but actually discovered that life is much easier without one.
GLTY
Came across this while in search of a new diamond-in-the-rough. From July, the report is on junior gold companies, but ALLRF/AAA got a good plug:
http://www.theaureport.com/pub/na/6897
Excerpt:
TGR: We don't usually talk about potash in The Gold Report, but you have a target price on Allana Potash Corp. (TSX.V:AAA) of $1.02 and it's trading at around $0.30. Your risk level on all of these companies is high, but what do you see in Allana that garners such a high target?
VR: That's a good question. Allana is a potash exploration company with a project in Ethiopia. The reason we have a high target on Allana is due to its potential and the resource estimate. This project was drilled probably 45 years ago and has just been sitting there. Obviously with potash prices on the upswing in the last couple of years, the project garnered some interest.
Allana just started Phase I drilling at the Dallol potash property and has been receiving very good results. There is strong evidence of near-surface mineralization; the deposit seems to be open in the eastward direction and the company is finding evidence of new zones of potash, so the resource base could be expanded. Now, one of the reasons we like the company is because it has the potential to be one of the lowest-cost potash producers in the world. The reason for that is because it's in the Ethiopian desert, so the climate is very dry and hot. Allana could use a potash-processing method called solar evaporation, which will bring down the operational costs as it uses less energy. And because the potash seems to be near the surface, it is amenable to lower-cost open-pit mining.
Allana has done a good job of putting together other pieces of the puzzle by entering into a strategic partnership agreement with China Mineral United Management Ltd., a Chinese mining investment group closely associated with one of the largest fertilizer companies in China. China Mineral has agreed to fund up to 45% of the project costs as Dallol moves toward production. And Allana has de-risked the project to a large extent. They have 105 million tons of potash in an NI 43-101 resource. We expect them to at least double that as they continue drilling.
TGR: Our readers might think Ethiopia is something of a jurisdiction problem, but perhaps a Chinese partner offsets that somewhat. Can you comment on that?
VR: We acknowledge the risk is higher when you operate in places like Africa, but not all countries within Africa are the same. We believe Ethiopia is a fairly stable and mining-friendly jurisdiction. There has been lots of interest from Chinese, as well as Indian, companies. And the big advantage for a potash project in Ethiopia is it's closer to India and China, which are two of the largest consumers of potash—and potash is a heavy fertilizer to ship. If you're sending it from Ethiopia, it takes a lot less time and cost to get there as opposed to sending from Saskatchewan or New Mexico.
Re: "Poker face is on, confidence is high. My crusty old E-8 opinion FWIW."
Agreed. $25M cap . . . billions of dollars worth of rocks in the ground . . . CEO of thoroughbred lineage.
More shares = earlier retirement, IMHO.
Re: "I think it is dangerous to sell now. I would only wait to add more."
I couldn't agree more. Market cap of ~$20M with resourses in the (who knows how many tens of) billions, plus the addition of Yeates, Peterson, and now Dahlman Rose. Throw in the (likely soon to be) lifting of the CTO + resource updates and risk/reward looks unbeatable from my persepctive.
Nothing wrong with waiting to buy more. If price strengthens, able to buy with more confidence. If price weakens, able to buy more, period. Considering where I think the price is ultimately headed, it's a win-win situation.
GLTA
passthegravy,
Re: "I'm starting to think that CSTI and I are the only ones buying at these levels, which is frustrating."
Fear not, there's at least 3 of us, likely more based on today's trades. I haven't check IHUB trades in months, but today was 659K at the ask to 194K at bid. (with, of course, no corresponding change in price).
250K of those were mine. SRSR now represents 250% of my MAXIMUM allowable investment on one security. But I guess rules were made to be broken, plus I've never been accused of being smart.
I've been sold on SRSR plenty long enough to where I just check the price from time to time, buy more when price is depressed. Lately I've been able to buy a lot more. My last DD was on or about 8/23, SRSR's "flash crash" day, when price plummeted on heavy volume. I called Merle to ask if Scott's health was OK. He laughed and said, "Yes, it's great." I hung up the phone and bought more...figured if Scott wasn't in the hospital, price crash was just due to a bunch of us silly penny stock players. How's that for DD?
Putting my money where my mouth is, I see much brighter days ahead.
Thanks for the welcome . . . I've actually been aboard for a couple of years (or more, I forget). Last year, SRSR became my #1 stock ever. Looking for lightning to strike twice. In time, I think it will.
GLTY.
200K was just me.
.0295 wouldn't fill, so I upped it to .03. Then it flew through.
d0lphint0m,
I agree with you re: no paint. Toward the end of the day, I put in a 100K order at .034 (above the ask). At the time, the b/a was .031/.033. I had 5K filled at .033 and 63,322 filled at .034, which kicked the ask to .036.
When one can't get a not-large order filled at above ask, I'd say there is currently upward pressure on the price.
Re: # shareholders
I've heard that each brokerage, i.e. Ameritrade, counts as one shareholder. I've got 3 accounts with Ameritrade, each loaded nicely with SRSR.
Re: "You meant ENZR not ENGR I'm sure !!"
My bad. Does 3 letters out of 4 count for anything?
What's worse, if this stock thing doesn't work, doesn't look like the word "typist" will be in my future job title, either.
On a positive note, we're having a good day so far . . .
+.03 (11.1%) on decent volume of 130K
PS: Thanks also for the Report on Mining article. Bodes well for ENZR (and our) future. Maybe this is the first day of many bright ones ahead.
EGZ-V had a pretty good day today. We'll see tomorrow how it bodes for ENGR:
Close .335 (+8.6%) on 127K volume (double the 63K avg.)
B/A .32/.35
With 1 USD = 1.045 CAD, equates to ~.305/.335 USD (better than our .27 close Friday. Nice pick-up on volume is encouraging, too.)
Could be ugly, but in the meantime it's nice to see Q1 FS with $78.5M net assets and market cap of ~$85M. Almost a 1.0 price/book. Don't see that too often in pennyland.
Even at "only" 32% ownership in Petromanas, resource valuation leaves exponential room to the upside. And whosomever bought $75M worth of stock, at a slight discount to current market, is either a worse stock picker than I or they know something I don't.
For me, risk/reward is weighted heavily to the "reward" side. We'll see how it all plays out. At least it's only money we're talking about.
GLTY.
"Petromanas Energy Inc. has closed a brokered private placement . . ."
DWM Petroleum AG, a wholly-owned subsidiary of Manas Petroleum Corporation, now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas as of May 27, 2010."
Petromanas Energy Inc. (PMI-V) is currently selling at .430/.435
on a volume of 553K.
Re: "Anybody get in on the dip today?"
Actually, the only trade in the last 2 hours was my partial fill of 3740 shares at .31. And it took an hour or better to fill this inconsequential amount.
IMHO, "Shares are tight" is somewhat the understatement. Have a great weekend, we'll tee it up again next week.
ENZR = great example of PPS decline on LOW volume
Volume 5/5-21 (2:00pm EDT): 765K (13 trading days, almost)
O/S: 111M
% O/S traded (obviously includes buys and sells): .007%
PPS: close 5/5 - .43
PPS 5/21 @ 2:00pm EDT - .28
PPS change: -34.8%
We've had about a 35% decline ion PPS with a turn of < 1% shares.
That's one of the reasons I've been buying. ENZR definitely has the wind at its back southbound. Just need to turn the train around. Bet the wind direction will change, too.
GLTA
Wouldn't mention this other than the notion that ENZR moves on air . . . up and down. My 10K buy at .31 knocked the ask from .31 to .34.
Sad/Amazing how $3100 can "increase" a company's market value by > $3M. Did I just get a 1000x return on my money?
Oh well. It sounded good.
Chart-wise . . .
I think the macd crossover possibility has been mentioned. Also note that it is on "decent" volume, i.e., a tad over 20- and 65 day averages.
Bollies are tightening, A/D rising against declining PPS, and we closed over middle bb.
Besides all that, I'm ready for blastoff. That should count for something.
GLTA
http://stockcharts.com/h-sc/ui?s=SRSR&p=D&yr=0&mn=6&dy=0&id=p71262983583&a=200703882
No volume from the Candian side.
http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=EGz
Shouldn't be the case much longer. We started our big run about a year ago. Prior to that, volume was same as now . . . nil.
Let's hope that ENZR and vanadium will go counter to the overall market. And that Mr. Market will soon realize that $3B (mostly indicated) resources (and expected to multiply nicely) might be worth a tad more than today's $43M cap.
GLTY
FWIW, SRSR left the starting blocks last May at .02.
Ran to .20+ in less than 3 months.
According to my calendar, May isn't too far off.
Will lightning strike twice?
Coincidentally(?), one year ago today, URST closed at .05.
Five months later (9/29), closed at .68.
Maybe 4/27 is a good omen? I'm still buying . . . these .37s are just too tempting.
RedStick,
Just turned on the computer and saw the GREAT news!
One more note on your chart . . . Did you notice the macd positive crossover on your weekly chart? Last time that happened was May '09, right before the last KABOOM!
Does lightning stike twice . . . we'll see.
I agree, we should be getting close to lift-off. Volume of 84K today, some were mine. In other words, volume has all but dried up. This could be (should be) the calm before the storm.
With commencement of next drilling phase (not to mention TSX), our future is drawing nigh. Last April URST came out of nowhere to surge from .05 to .70. It's April again.
More thoughts in favor of "this one's screaming break out" . . .
1. BB width is tightest in 6 months (actually close to a year) AND on decent volume (last 2 days volume greater than 20- and 65-day ema).
Last time this happened was precursor to January's run to .0775.
2. 6-month chart: price down from .065 to .041. A/D up significantly. Accummulation?
3. macd headed north with miles and miles to run before even being in consideration for overbought category.
Market cap = ~$30M or so
Assets = ~$30 gazillion or so
Still adding all I can. GLTA
http://stockcharts.com/h-sc/ui?s=SRSR&p=D&yr=0&mn=6&dy=0&id=p33385349705&a=196567113&listNum=1&listNum=1
Tulaz, Re: "How much will MMRF be worth if . . ."
Seems like it's been about a year ago (maybe a little longer?) that RL stated his goal of a $2B market cap in 2 years. To date, his actions indicate that he might have been doing more than just blowing smoke.
When you consider the country of China, add in 10 more countries within the next 12 months . . . our little ole USA, with mom-and-pop operations like Kodak and NRA (LOL), may wind up being but the icing on the cake.
If MMRF does hit $2B cap, we'll have so many (multi) bags that we won't be able to carry them all. That's OK, by then I'll be able to buy a tractor-trailer to tote them around.
GLTA
jjgarcia, re: "I'm 63, and still working my way up to one million shares. Am I too old???"
I'm 56 . . . I'll be caught up with you in no time :)
IMHO, today's million-share club = tomorrow's million-aire club.
GLTY
Chart thoughts? Hopefully gearing up for take-off . . .
http://stockcharts.com/h-sc/ui?s=URST&p=D&yr=0&mn=6&dy=0&id=p65484664548&a=195201168