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Per www.otcmarkets.com
ARIO Security Details
Share Structure
Market Value1 $17,861 a/o Aug 21, 2014
Shares Outstanding 178,610,337 a/o Aug 12, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.0001
Shareholders
Shareholders of Record 1,302 a/o Apr 15, 2008
Corporate Actions Ex. Date Record Date Pay Date
Security Notes
•New Issue=6-83 5,000,000 in units (1 sh Com & 1 Class A Warr 10-9-89) at 2 cents per unit (best efforts - 3,250,000 min.) by the company
•Capital Change=shs decreased by 1 for 100 split. Pay date=02/06/2002.
•Capital Change=shs decreased by 1 for 22 split. Ex-date=05/28/1991. Rec date=05/28/1991. Pay date=05/28/1991.
•Capital Change=shs decreased by 1 for 40 split. Pay date=12-17-04
•Capital Change=shs decreased by 1 for 50 split Pay date=12/11/2007.
•Capital Change=shs decreased by 1 for 400 split. Pay date=06/13/2008.
Short Selling Data
Short Interest 0 (-100%)
May 14, 2010
Significant Failures to Deliver No
Transfer Agent(s)
Interwest Transfer Co., Inc.
If ANYTHING ever does happen it will most likely be led off with a reverse split effectively killing any chance of recovery.
End of year tax write-off time, maybe?
So are you hinting of a 1:20,000 share reverse split? Because I can't see any other way this dead shell of a stock gains any value otherwise.
Another $4.00 wasted. Such a shame.
Malc,
I felt some concern about the NI 43-101 topic over a year ago and wrote to the CEO concerning this. I've cut out the salutation in his response to me but it was sent to me on 6/25/2011. Here is his reply:
Thank you for the email.
With regard to 43-101, you are both correct. It is only required in Canada. Note that NI 43-101 is not really a geological document, although it is presented as such. 43-101 is actually a "securities" document required by the Canadian stock exchanges. In the US, the SEC does not and will not recognize it, so in that regard, there is no benefit for a US company to commit the time and expense to have a 43-101 report prepared. However, your friend is quite right to note that NI 43-101 has become the international standard in evaluating mining projects by the investment community.
With regard to the Ruby, I should tell you that going into the project, Gary Clifton was very skeptical of it. Sight unseen, he didn't think any underground placer in California would be viable. It was only after several visits, extensive research of the resource maps, and consultation with several geologists who worked at the Ruby in the 1980's and 1990's that he came to the same conclusion all of the professionals who previously worked on the Ruby came to --- that it is an outstanding resource which, despite having already produced over 250,000 ounces of gold, likely has its best days in front of it.
That said, there is another important reason why we are not bothering with a 43-101 report. The nature of the resource at the Ruby is such that it makes a 43-101 resource estimate difficult if not impossible to obtain. The Ruby deposits are on the gravels of an ancient riverbed, and as such they extend horizontally underground, not vertically. Trying to drill it from the surface would be a waste of time and money. The only way to drill the resource and assess it is from underground, and the process is virtually the same as mining. It makes no sense to spend $5M to produce a 43-101 resource estimate when we can spend the same money mining and get the same result. And that is exactly what we will be doing.
I hope this helps clarify the issue. Please feel free to contact us should you have any other questions, comments, etc.
All the best,
* P *
Perry Leopold, CEO
North Bay Resources Inc.
corp@northbayresources.com
http://www.northbayresources.com
OTCBB: NBRI
T: 215-661-1100
F: 215-661-8959
not wasted at all. silent majority is studying all your charts here. please keep it up.
For at least the past 7 months you have been forecasting an NBRI share price of .02 by May. I'm supposing this is your projected entry point? But why .02? If the SP will sink to that level then what's to stop it from diving to .01, .005, or even .0001? Just curious.
It's easy to see that you are short NBRI and are therefore cheering for a decrease in share price but your goal of .015-.02 essentially places no increase in company valuation for the purchase of the Ruby mine. NBRI sp was at this level mid 2010. Since share price is defined as net present value of future cash flows plus current assets one must consider the Ruby mine and it's potential.
This post from another board:
Major Gold Market Changes Coming in 2012
* Tuesday, December 27, 2011
The gold and silver markets took us on wild rides in 2011. Guess what? They will be even more volatile in 2012.
According to GFMS, one of the most respected analysts of precious metals markets, the Chinese market, government and private, will absorb more than 22 million ounces of gold in 2011, sharply higher than 2010 levels. That means that the Chinese are taking about 30-35% of all newly mined gold off the market. The total probably would have been even higher except for the difficulty in acquiring physical metal.
What will have perhaps the greatest impact on the gold market was just revealed within the past ten days. A London metals trader recently reported that the Chinese government is aggressively negotiating with multiple gold mining companies to purchase their entire gold output on long-term contracts. This is the same London trader who spilled the beans in 2003 that the Chinese were buying gold reserves, which was not confirmed by the Chinese nor reported by the mainstream financial press until 2009. He is definitely in a position to observe such activity and has a stellar record of accuracy.
To the extent that this is true and that the Chinese do succeed in signing contracts, this could have an enormous impact on gold trading. On the surface, it may appear that it shouldn’t really matter whether the Chinese acquire the same number of physical ounces of gold direct from the mines or by taking delivery of London or COMEX contracts. So, it may take a while for the general public to understand the implications of this shift.
If the Chinese purchase directly from the gold mining companies that means that fewer ounces of gold will appear on the London or COMEX markets. The COMEX is heavily leveraged, where it only has a small fraction of the gold to meet the contractual obligations of existing contracts. If it stops receiving as much physical gold as years past, it will have to sharply reduce selling paper contracts for gold and perhaps even close out a large number of existing short positions.
The impact on the London market, the world’s largest gold trading center, would be even more extreme. Theoretically London contracts are traded to result in the delivery of the physical metal. However, the market is currently leveraged to a greater extreme than the COMEX. At the Commodity Futures Trading Commission hearings in March 2010, analyst Adrian Douglas estimated that the London market could only cover, at most, 3% of its physical gold liabilities. Analyst Jeffrey Christian then testified that the London exchange only held one ounce of physical gold for every 100 ounces of liability to delivery physical gold!
Think about it. If the London market receives five million ounces less of physical gold in 2012 than it did in 2011, those who have sold contracts on that exchange may have to liquidate as much as 500 million ounces of short positions by purchasing metal elsewhere to fulfill contracts or by paying cash to settle their position. Even with recycled gold, annual global new supplies are less than 100 million ounces. Just imagine what would happen to the gold’s price if there was a supply squeeze anywhere near this magnitude!
Continue...
http://news.coinupdate.com/major-gold-market-changes-coming-next-year-1130/
George.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70323183
Miners in general are performing poorly right now. We'll have our day soon.
so what was the close? I'm 15 mins delayed here at work.
The report was aimed at homeowners and the repercussions of mortgage insurers failing. Nothing new was shared which hasn't been covered on the board this past weekend.
FOX news discussing PMI
Someone bought 200 sh. @ .15? Be careful spending all your school lunch money in one place.
You've got my vote... on both counts.
This is reminiscent of last summer when we traded between .015 and .02 and I started wondering if this stock was worth holding onto? Then BAM 10x in a yr. Not bad.
You make some good points about exposure rare. I just wonder what this thing will look like once the lid blows off and Perry Leopold reports we're recovering gold.
Think I'll sit back and watch the grass grow for awhile. Remember what you own. :)
Guess you're right. We've still got a few decimal places movement to look forward to.
How many miles is it by car from Reno? Sounds like a great idea for a stockholders meeting. I'm just sayin...
It's all speculation on our parts but I would go by this statement from the most recent news release which referrences an old article.
Extensive interviews with the Ruby mine manager, Lewis Huelsdonk, make it very clear that if it was up to them, they would never have stopped mining, and that the best days of the Ruby are still in front of it. The article states, "And if the war had not interrupted their mining operation, who knows how much gold Huelsdonk and Best could have extracted from the Ruby mine. 'It seemed like we no sooner got onto the gold when the war broke out and the government closed the mine,' Huelsdonk laments. 'We were right in the middle of taking these nuggets, so you can imagine how we felt at the time.'
So, I'm guessing they're not wasting time with the little stuff. Rather, Perry's going for the mother lode. Remember, any fool can grab a shovel just start digging but we're investing in experts who're here for success.
Just filled the gap from Aug, 2010
Life is good once again. :)
Another non issue
On February 10, 2011, the Company executed an agreement (the “Agreement”) to sell a number of its mineral claims in the Slocan Mining District of British Columbia, Canada, to Yardley Mountain Gold Corp (“Yardley”) for the aggregate sum of $93,000 USD. The Agreement provides that Yardley shall pay to North Bay $10,000 USD within ten (10) days of execution of the Agreement, $33,000 USD within three (3) months of the date of the Agreement, and $50,000 USD on or before June 25, 2011. The parties subsequently agreed to extend the due dates of the second and third payments to August 10, 2011. As of June 30, 2011, cash payments of $23,000 have been received, and $70,000 remained outstanding. Subsequent to June 30, 2011, additional cash payments totaling $40,000 have been received, and the Company has accepted a $30,000 promissory note due by September 30, 2011. Accordingly, the Agreement has been completed, and title to all of the claims identified in Schedule A of the Agreement has been transferred to Yardley.
Subsequent to June 30, 2011, the Company issued an aggregate of 557,528 shares of common stock to fully satisfy and retire a Convertible Note dated January 4, 2011 with Asher Enterprises, Inc. (“Asher”) pursuant to which the Company received $50,000 as a loan from Asher. The total amount satisfied on conversion was $52,000, consisting of $50,000 in principal and $2,000 in accrued interest.
End result, they borrowed some money ...and paid off their loan.
LOL hit that ask :)
Any idea on when trading will resume under new symbol? My TDAmeriturd acct is still showing Mkt Val of $0.00.
If you have any unanswered questions then shoot an email to Perry Leopold. He's always been quick and very straightforward in responding to any concerns I've had. If there's an area of DD you feel the board is not addressing then take it to the man. Then if you don't feel confident with his answers it's probably time to move on to another company. Personally, I'm content with owning this stock and the job the leaders of the company have been doing. PL has proven time and again to be a good businessman and a man of integrity. However, if you seek your answers and don't feel confident in the reply you're getting then move along. Don't be like some posters and play silly games trying to monkey with investor confidence. Those immature games don't work here.
Same here. TDA showing 27,194 shares traded yet when you count trades on their Trade Architect you get 77,000 shares traded.
Hey all you chartists. Are we at right shoulder of reverse head and shoulder formation since mid July? I suppose we need to see a break of resistance to validate.
Must be a cold front passing thru today. It's just 107 outside so those SMKY cuts won't take long to cook... on or off the grill.
hey bosman, Houston here too... sooo... what time will you be firing up the grill? :)
Been following this for a few days and thought it looks like it has potential. Couldn't let you guys have all the fun so I just bought the .08's.
If only I had thought of that two years ago when for some idiotic reason I bought this POS. Oh well, live and learn... invest in hoochie coochie, not stocks of worthless companies.
Great buy
Looking at the charts I couldn't find a bad day to be buying more NBRI.
Guess I might either call this "Something to go to the bank with" ... or "too much time on my hands" but here's our price action on this day over the past 6 months. Just thought I'd share some doodlings. Hmmm, looks to me like Perry Leopold IS working some magic.
Date Share Price Monthly Increases
Jan 27 0.026 - 0.034
Feb 27 0.038 - 0.039 +14.7%
Mar 27 0.057 - 0.063 +61.5%
Apr 27 0.09 - 0.105 +66.7%
May 27 0.134 - 0.14 +33.3%
Jun 27 0.17 - 0.19 +35.7%
1 month growth = 35.7%
YTD growth = 578.6%
1 yr. growth = 1,233.3%
2 yr. growth = 1,438.5%
No worries, I just didn't want to post on the NBRI site and discuss your views as to another company. Anyhow, NBRI looks like a great place to be investing.
per Level 2 there's 75,000 shares between .19 and .45. niceeeeeeeeeeeee
It's a shame there's no school sidewalk to resolve these issues with those that love to taunt the good posters on these boards and then run crying to their IHUB mommy when put in their place.