Merry Christmas everyone. Ho Ho Ho.

FYI: I check in on occasion with the company and they are all still alive and out of jail, a good thing. I have been told that Rick has not given up and is working on putting something together that might someday pay off here at VHGI.

Only time will tell.

Happy Holidays

JP

I heard the everyone's opening bids were due to the court yesterday at 5:00 PM. Maybe there could be something in the local news soon.

Looks like there is some "face saving" going on. The one tidbit of hope is that the two parties are still talking.

"they are continuing discussions going forward with potential opportunities"

Small, but hope nun the less.

A revised 8K out last night. Read the second paragraph. "With Proposed Edits:"

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9711515-1172-5883&type=sect&TabIndex=2&companyid=8297&ppu=%252fdefault.aspx%253fcik%253d830741

Yes, I have been to the mine. I have kept the local thing on the down low because of all of the nervous Nellie's driving me nuts.

You can't see anything from the road to photograph. I would have to ask to get on the property and I don't think that would go over too good right now.

I really don't have anymore info about what is going on with VHGI than what IR has been saying for weeks. Their plan requires the financing and they are working on it 24/7. If there is one thing that maybe I know that others my not is that the new management is as honest as the day is long and what they say is true.

As the great drunken Jim Lahey once said "Randy can you hear it a coming?"

This is a back of the envelope cash flow for mine when phase III production is rolling.

Shipping out 100 car loads every other day at $50.00 per ton.

100 tons per car X 100 cars X $50.00 = $500,000.00 gross per train. Let be conservative and say that there is 50% overhead that still makes $250,000.00 X 15 days per month = $3,750,000.00 free cash flow each month.

And I have heard somewhere that if they can find someone to buy the coal, a train each day is just a matter of having the correct equipment.

Proft, thanks for the analysis. I'm thinking that you are pretty close to spot on at .90-1.00 pps with the 250 million shares. Once the coal is shipping near the phase III rates.

The mine to the south of Lily is the Sunrise Mine. Trades as symbol HNRG. It trades 9X, PPS 8 to $9.00 and outstanding shares of 28 million. I'm thinking that we will have a similar situation once VHGI gets past all of the humps and bumps.

Thanks Dr, I'll check him out.

MB, Roger

Go VHGI

Has anyone here tried to figure out what the share price should be if this latest financing comes through and the company grows production as planned in the phase II and III?

I realize that some factors would have to be assumed, like the 250 million shares maxed, price of coal, Lily is 45% owned by the lender and on and on.

Just looking to formulate a longer range plan than "next week".

Thanks

Well, one good thing about this wait is next month some of my VHGI holdings becomes long term capital gain.

At this point, I'm guessing no news is good news. The deal must be moving forward or we would have had heard something negative??

Great gain today. I have not had the nerve to open my account and check the balance for a couple of weeks. Maybe tomorrow I'll chance it and take a peek.

I have this idea that tomorrow might be the big day that we have been waiting for. I think that the banks in the Middle East are closed on Fridays and Saturdays, open on Sundays. So, if we are not funded Thursday (tomorrow) we are stuck till next week.

I just slapped SUNR, No change??

This 8K pretty well spells out that there is an agreement on financing.

http://biz.yahoo.com/e/130619/vhgi8-k.html

The above 8K didn't move the price up like the first 8k about the group from the Marshall Islands. There really isn't anything the company can say till they have money deposited in the bank and don't forget VHGI is under the watchfull eye of the SEC and the FBI.

We don't have long to wait. We get funded in the next couple of weeks or we get a symbol change. VHGIQ

Myself, I got my bets on success.

I'm in. I would have broken the 4 mil barrier but I blew to much $$ in the 9's and 10's. I have not flipped a share.

When the stock pops we should all meet in Vegas, I'll bring Bender.

I'm reading between the lines here, but it never made much sense that Ramadan would hold up transferring money. Fax machines work 24 hours a day.

I'm guessing that the 65 million comes equipped with someone to co-sign checks. Now that the holiday has pasted the lender is ready to send over the money with someone on this end to make sure it is spent as agreed.

Just a guess.

JP

I don't think it is done till the money is delivered. Being in agreement (In the 8K) and getting spendable cash are two different things. If I was in their shoes, I wouldn't release any news till it is done and it is not. Still could blow up.

Wynnewood, I spoke to Jim Bender yesterday. The information as I understood it was everything is all papered up and it is full steam ahead. The fact that it is harder now than every to transfer money internationally was discussed. New rules in affect just this month.

I asked about the mine and was told that all is good there, coal is coming out of the ground.

It is getting harder to wait each day, but I'm still thinking that VHGI is the best gamble in the OTC.

Good Luck.
JP

Camaro Guy, thanks for looking up the Agreement World site.

My internet was hit by lighting last Friday and just got it backup. You talk about mental anguish, not being able to reliably keep up with VHGI on what is hoped to be a pivotal week!

Good luck to all.

I don't think that Duke wants to be in the mining Biz. It is most likely another mining company. It might pay to research whom holds adjacent coal leases.

Just conjecture.

Go VHGI

I'm thinking that the folks that are making the loan get the interest and 45% of the net that the mine profits.

We need to read the actual loan documents to understand what is really going to happen. The 8K is just the highlights.

IMHO

agreements.com

I'm a freeloader account here on Ihub and I can't use search. Any paid guys care to search?

Last time VHGI announced a 65 million loan someone here found the complete loan document online at what I remember as Agreements.com or something similar. I thought I bookmarked the page but I can't find it. Does anyone remember this?

What is "in" Lily, the non public company? Risinger's stock?

There must be something of value.

Edit: I read it differently.

We the public company just got a new 45% partner. There is still much to be explained.

I'm in agreement on not PR'ing each train load, but keeping everyone informed on monthly production and/or if stated goals are being met is a slightly different matter.

Benchman, your line of reasoning is the same as mine. So standing back and looking at the situation, B must not have happened. The mine fell a little short. OR Everything is so close to being complete that they want to lay it out 1 2 3.

Lets all hope that it is the latter.

If you were CEO of VHGI and you had three pieces of news to release. In what order would you put them out.

A: Financing is complete and 65,000,000.00 is in bank.

B: The mine has shipped enough coal to meet the phase I targets and X amount of revenues are in the bank.

C: The 10K and Q's are complete and released.

Thanks for the reply.

Benchman, did you get a response from IR reference your message this morning?

ACER
I'm confidant that the company has sold zero shares. I'm making a wild guess here that convertible notes may have added 15-20 million to the float.

The rest is just churn.
IMHO

Go VHGI.

42800 to the best guess

A PR highlighting their first million dollars in revenue would be appropriate. That's a milestone that is news worthy. If the mine is close to making the promised tonnage, then they should be there by now.

MJAM2020, I had a conversation with Jim Bender a while back and said that he did not think that they would PR every load of coal shipped after the first couple of trains.
I was bugging him recently about how things were going at the mine and of course all that he could say was things are all going as planned. So I guess we must endeavor to persevere.

I'm as impatient as a person can be and it is tough to wait this out. But, I have a good feeling about next week.

Everyone have a great holiday weekend.

I hope that this is the last time we wait for months and months for filings. This is just a bit ridiculous. I have a couple of very small companies and I know that there is no comparison to VHGI SEC mess. BUT You keep books on a weekly basis. The bookkeeper closes out each week, each month and each quarter.

What has the bookkeeper been doing at vhgi for the last year?

I'm not being super negative just a bit frustrated.

We need to have a party some where when we break a buck.

Need to get back outside and get to yard work

No, not on Mars. I live about 25 miles from the mine.

I set the date and time and it fixed it.

Do you think that it would make a difference if the time is off on my computer?

Does everyone's count down clock say the same time? Mine says 3 days 18 hours and 27 min. There is a gray bar that is showing 81% and a date of May 19th.

It seems to count to Tuesday at market open.

I'll be hoping for some bid whackers tomorrow. You know it takes three days for money to settle in Ameritrade before you can buy a non-marginal stock? Looking buy a little more before the mother of all stock runs.