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Trilogy Up 200% After Similar Option Agreement w/ South32
Last year, on April 10, 2017 Trilogy Metals entered into a similar exploration funding plan giving South32 the option for a 50/50 joint venture. The stock has since gone up about 200%.
https://trilogymetals.com/news/2017/trilogy-metals-grants-south32-an-option-to-form-a-5050-joint-venture-in-the-ukmp-for-a-minimum-investment-of-usdollar150-million
This is a very similar arrangement that South32 made with Silver Bull Resources.
With the first released tranche of $10 million from South32 in funding on December 14, 2017 Trilogy's stock would rise almost 100% the following month.
This is a direct example of how Silver Bull could respond to its arrangement with South32.
South32 Adds Silver Bull to Company Investor Presentation
With today's announcement that South32 will buyout Arizona Mining, South32 has updated its website with its portfolio of properties. Silver Bull Mining has been added as an Advanced Exploration Property.
See link:
https://www.south32.net/docs/default-source/exchange-releases/south32-to-acquire-arizona-mining-presentation.pdf?sfvrsn=1a28c6fb_4
South32 Option Puts Silver Bull Resources in Play - Likely Bidders
Taken from the press release is the following regarding the South32 Option Agreement:
"To keep the option in good standing South32 will contribute a minimum of US$10 million by way of four annual tranches during the four year option period to fund exploration at the Sierra Mojada project. Provided that all the exploration data and information has been made available 60 days prior to each anniversary of the option agreement, South32 shall decide 30 days prior to the relevant anniversary whether or not to fund a further tranche."
Also
"The shareholders' agreement sets out certain matters which require super majority approvals at the board and shareholder level, as well as certain transfer restrictions and rights of first refusal with respect to the parties' interest in Metalin."
In other words, South32 current deal is the worst case scenario as long as drill results are positive each year before the next tranche of exploration budget is released by South32 to Silver Bull in accordance with the Agreement.
The Agreement grants South32 first right of refusal should other interested parties come along, but that means a bidding war for Silver Bull. Literally anytime another party could table a bid for Silver Bull in full and South32 would have to match or exceed the offer.
So let's consider some possibilities:
Another silver miner or zinc miner may be interested and they could offer $50 million for Silver Bull ($0.25/share) or $100 million ($0.50/share) and this would lead to full sale of Silver Bull.
Another possible outcome is after some drill results and the 4 year agreement that South32 takes a 70% stake, but if Silver Bull has a valuation similar to Arizona Mining currently at $1.4 billion, then 30% of $1.4 billion is $420 million or $2/share based on current shares outstanding.
There are many other outcomes with probabilities for all of them, but a floor has been set, a $10 million exploration program has been approved contingent upon results. The economic value of all these outcomes is significantly higher than $0.14/share for Silver Bull. South32 will get this company cheap and competitors and markets will not let that happen provided results continue to show a vast resource. Someone will bid just to have access or to affect a more fair market value for Silver Bull.
Since this deal the probability of Silver Bull fading away to a nothing stock dropped dramatically and the probability of advancing the project leapt and the stock price did not move. How long do you think this will last? The economic value of this little company just shot up and the market will eventually realize this. Perhaps it will take the first drill results in Year 1 for that to happen, but an over night revaluation would be very likely if it does not move higher in the meantime. If the stock goes up 10x tomorrow it is still only a $300 million dollar company. Other miners with less prospects, less proven and probable resources, and no major partner have higher valuations.
South32 Reallocates Arizona Mining Investment to Silver Bull Resources
The deal South32 has made with Silver Bull is vastly misunderstood by the market as indicated by the muted response from Silver Bull's stock price.
Here is an analysis of history of South32 Investment in Zinc/Silver in US/Mexico along same geological fault structures. South32 actually terminated a forward purchase agreement 3 weeks before it turned around and then made the large bet on Silver Bull.
Timeline:
April 18, 2017 - South32 drops $200 million bid for Peabody Energy’s coal mine in Australia
http://www.mining.com/south32-drops-200-million-plan-to-buy-peabody-coal-mine/
May 1, 2017 - South32 buys 45 million shares (15% stake) @ C$2.45/share in Arizona Mining for C$ 110 million
http://www.marketwired.com/press-release/arizona-mining-announces-c110-million-private-placement-with-south32-tsx-az-2212941.htm
http://www.mining.com/south32-buys-stake-canadas-arizona-mining-81-million/
September 14, 2017 - South32 Enters Forward Contract for 15 million shares (4.9%) of Arizona Mining in Open Market over next 12 months
https://www.arizonamining.com/news/index.php?content_id=438
December 7, 2017 - South32 Exercises Top-Up Right for 1.4 million shares at C$3.14 for C$4.5 million Under Forward Agreement
https://www.arizonamining.com/news/index.php?content_id=438
Under this Agreement South32 Ultimately would buy 5.9 million shares of Arizona Mining at an average of C$3.44 for a Total consideration of C$20.4 million
Taking its ownership to 17%.
https://www.newswire.ca/news-releases/south32-announces-termination-of-forward-agreement-in-respect-of-arizona-mining-682378811.html
May 11, 2018 - South32 Announces Termination of Forward Agreement with Arizona Mining
https://www.newswire.ca/news-releases/south32-announces-termination-of-forward-agreement-in-respect-of-arizona-mining-682378811.html
June 4, 2018 - South32 Enters Option Agreement for a 70/30 Joint Venture with Silver Bull Resources
https://globenewswire.com/news-release/2018/06/04/1516131/0/en/Silver-Bull-Grants-an-Option-Entitling-South32-to-Form-a-70-30-Joint-Venture-in-the-Sierra-Mojada-Project-for-an-Aggregate-Investment-of-US-100-Million.html
Essentially, South32 redirected its investment capital earmarked for Arizona Mining to Silver Bull Resources. Quite the big deal.
November 15, 2017
Silver Bull Intersects 16 Meters of Sulphide Mineralization Grading 396G/T Silver & 1.61% Copper, Including 6 Meters Grading 610G/T Silver & 1.12% Cooper on the Sierra Mojada Project, Coahuila, Mexico
View PDF
SILVER BULL INTERSECTS 16 METERS OF SULPHIDE MINERALIZATION GRADING 396G/T SILVER & 1.61% COPPER, INCLUDING 6 METERS GRADING 610G/T SILVER & 1.12% COPPER ON THE SIERRA MOJADA PROJECT, COAHUILA, MEXICO
Vancouver, British Columbia - Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) ("Silver Bull") is pleased to provide results from its continued underground drill program targeting the newly discovered Sulphide Zone, which sits under the previously defined oxide zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
Highlights from the four holes announced in this news release include:
Hole T17003 - 16 meters @ 396g/t silver and 1.61% copper including 5 meters @ 379g/t silver and 3.25% copper from 0 meters to 5 meters, and 6 meters @ 610g/t silver and 1.12% copper from 10 meters to 16 meters.
Hole T17004 - 7 meters @ 370g/t silver and 0.85% copper. Hole hit historical workings and was terminated
Hole T17006 - 4.8 meters @ 352g/t silver and 0.58% copper. Hole hit historical workings and was terminated
The Sulphide Zone: A continuous underground channel sampling program conducted by Silver Bull during the month of August 2017 identified a series of east-west trending high angle structure hosting sulphide mineralization (announced in a news release on 11 September 2017). Results from the continuous channel sampling program yielded 31.5 meters grading at 22.36% zinc, 134.5g/t silver, 2.05% lead, 0.21% copper and 10.5 meters @ 432g/t silver, 1.15% zinc, 0.05% lead, 1.22% copper and is the target of the current drill program.
The Drill Program: For the drill program Silver Bull is utilizing a company owned Termite drill rig which aims to test the grade, thickness, and continuity of the sulphide mineralization identified by the channel sampling program. The Termite is capable of drilling up to 100 meters of NQ diamond core and five drill stations are presently planned with more expected to be added as the drill program progresses.
Assays for the holes are as follows:
Hole_ID Hole Length (m) From (m) To (m) Interval (m) Ag (G/T) Cu (%)
T17003 60.65 0 16 16 396 1.61
including 0 5 5 379 3.25
and 10 16 6 610 1.12
T17004 10 0 7 7 370 0.85
T17005 31 No significant results
T17006 7.5 0 4.8 4.8 352 0.58
Tim Barry, President, CEO and director of Silver Bull states, "The results from this batch of drilling in the sulphide zone are exceptional. The consistent high grade silver-copper mineralization we see in this particular area is hosted along a steeply dipping fault and remains open down dip and in the east and west directions. From what we now know, it has also become apparent that this zone is severely underrepresented in historic drilling as the historic surface drill holes in this area are vertical, meaning that unless they were drilled directly down the steeply dipping structures we are currently defining, any drilling in this area would have completely missed these very high grade zones. As we understand more about this area we can now project the mineralization into the extensive channel sampling and drilling completed at the eastern end of the deposit and show a target over 3 kilometers in strike length. When you consider this, coupled with the fact we have identified at least two other structures similar in grade of mineralization, dip and orientation, it presents a very significant target and only adds to the sulphide story at Sierra Mojada. In addition to the drilling, work is currently underway to access some of the underground workings further east to confirm the style of mineralization."
A summary of the results are shown in the maps below.
Figure 1. Location of the new sulphide zone of mineralization in relation to the previously defined oxide 43-101 resource previously defined at Sierra Mojada. This new zone will be the initial target of the planned drill program.
Figure 2. Summary of the drill holes drilled to date. This news release focuses on drill holes T17003-T17006.
Figure 3. Plan view of the drill holes drilled from the first underground drill station. The drilling is very clearly defining a high grade silver-copper zone that is open to the NW and SE and down dip (see cross section of this zone in Figure 4).
Figure 4. Cross section through drill holes T17001-T17006. Very clearly the high grade silver-copper mineralization can be seen sitting underneath the NI43-101 compliant oxide resource (shown in blue) and appears to feed up into the oxide zone. Mineralization remains open along strike and down dip.
Figure 5. Shown in the image above are locations of historical channel samples grading >0.5% copper and 100g/t silver in relation to the sulphide zone currently being drilled. The sulphide zone sits along strike and is interpreted as the extension of a zone defined by historical underground channel samples. This defines a target over 3 kilometers in strike which is open in the east and west directions. Work is currently underway to access some of the underground workings in these areas to confirm the style and tenor of the projected extension of mineralization.
About the Sierra Mojada deposit: Sierra Mojada is an open pittable oxide deposit, as disclosed in the NI43-101 "Technical Report on the Resources of the Sierra Mojada Project Coahuila, Mexico" dated June 8, 2015, with a NI43-101 compliant measured and indicated "global" resource of 58.7 million tonnes grading 3.6% zinc and 50g/t silver at a $13.50 NSR cutoff giving 4.670 billion pounds of zinc and 90.8 million ounces of silver. Included within the "global" resource is a measured and indicated "high grade zinc zone" within the Lerchs-Grossman (LG) Optimized Pit of 10.03 million tonnes with an average grade of 11% zinc at a 6% cutoff, giving 2.426 billion pounds of zinc, and a measured and indicated "high grade silver zone" of 19 million tonnes with an average grade of 102.5g/t silver at a 50g/t cutoff giving 62.6 million ounces of silver. Mineralization remains open in the east, west, and northerly directions. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.
Sample Analysis and QA/QC: All samples will be analyzed at Bureau Veritas in Vancouver, BC, Canada. Samples will be first tested with the "MA300" procedure which analyzes for 36 elements using a 4 acid digestion. Samples with silver values above 100ppm are re-analyzed using the FA350 procedure which is a fire assay with a gravimetric finish. Samples with zinc, lead, and copper values above 10,000ppm (1%) are re-analyzed using the AR402 procedure which is a near total aqua regia digestion.
A rigorous procedure is in place regarding sample collection, chain of custody and data entry. Certified standards and blanks, as well as duplicate samples are routinely inserted into sample shipments to ensure integrity of the assay process.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.
The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com
11.36 million Warrants TRIGGERED from most recent financings.
The three tranches of SVBL capital raised in May and June 2016 were done by selling one share of stock with an attached 1 warrant per share. The conditions of the warrants were such that:
"Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the Warrant will expire 30 trading days from such fifth consecutive day."
SVBL has closed above US$0.18 for 6 days in a row triggering the warrants. There were 11.36 million warrants from the three tranches and they will be expiring in the next 30 days. If all 11.36 million warrants are exercised at CDN$0.16 in the next 30 days it will mean another CDN$1.82 million (US$1.38 million) for SVBL to have to further their prospects.
SVBL at 2016 Sprott Natural Resources Symposium in Vancouver from July 26-29th as an Exhibitor.
http://www.naturalresourcesymposium.com/exhibitors/#silver
Great opportunity to showcase the inherent value to their property and answer questions regarding upcoming 3,000m September 2016 drill campaign. Will look for more good news following this conference this week.
Brian Edgar Bought 192,810 Shares in the 2nd Tranche of the Private Placement for SVBL on June 3, 2016. He purchased these shares and receive the accompanying warrant for each share through his private company Tortuga Investments. See link and footnotes for details.
http://www.insidermonkey.com/insider-trading/filing/5501887
Nice to see an insider put further money towards the stock. Through the three tranches of this placement SVBL raised $1.1 million USD (11.36 million shares @ $0.13 CDN) and if the stock trades above $0.18 USD for 5 days which seems close at hand, SVBL will likely raise another $1.4 million USD (11.36 million warrants @ $0.16 CDN). That is a nice $2.5 million USD in their coffers. Opens up likelihood of drilling some of their high target sights peripheral and releasing additional information about how extensive deposit might be. These drilling tests were expected to run about $500,000 and should allow a number of press releases in the coming months. This will be very exciting and I am sure Tim Barry is excited to be doing some geological work again and drilling.
Yes the warrants expire on August 14, 2014. That will be 12.6 million less potential shares outstanding. I have had a theory the stock performance changes dramatically after that date. We will see.
Is it SVBL's turn? Look at recent zinc miners share prices...
Last week there was significant action in the Australian market as several small-cap zinc miners exploded to the upside as zinc soared past $1/lb:
Mungana Goldfields rose 88% in 3 days and 213% over a 2 week period
Red River Resources rose 50% in 3 days, and 158% over 2 weeks.
http://www.forbes.com/sites/timtreadgold/2014/07/08/zinc-scales-the-1-a-pound-barrier-and-keeps-going/
The recent acquisition of the zinc deposit is high-grade for Mungana rating about 11% over the deposit. The INDICATED 0.9 million tons (16% Zn) will yield 290 million pounds of zinc. (being generous and adding in the INFERRED, would get you to 540 million pounds of Zn). The stock jumped to a $20 million valuation.
http://www.munganagoldmines.com.au/sites/default/files/Shareholder%20and%20market%20update%2024%20June%202014.pdf
According to Silver Bull Resources NI43-101 resource estimate they have 71 Million tons of INDICATED resources (1.34% Zn) which will yield 2.1 BILLION pounds of Zn (4x as much). Zinc also only represent about 27% of the Net Present Value (NPV) of the Sierra Mojada Property. Silver is the other 73%.
Using the Mungana valuation (and ignoring their other assets) SVBL should be 4 x $20 million = $80 million market cap based on zinc component only. Add in the true value of the property, the silver assets gets you another 3x higher to a $240 million valuation. That is $1.50/share valuation.
Silver Bull will have its day as these investors look for other zinc assets.
Zinc rises to 16-month highs as zinc deficit increases dramatically in month of April. LME inventories continue to drawdown and are now at lowest levels since 2010. Zinc has extremely bullish fundamentals going into 2015/16 and SVBL stands to benefit.
http://resourceinvestingnews.com/72286-zinc-hits-16-month-high-as-inventories-fall.html
Remember, based on the PEA Silver Bull has 56 mn tonnes of zinc which contributes roughly 1/3 of value of Sierra Mojada Project.
EDEX hits oil and gas! 0.085 x 0.11
dorado Exploration New Mexico Discovery
Tuesday December 12, 9:00 am ET
IRVINE, Calif.--(BUSINESS WIRE)--Eldorado Exploration, Inc. (PINK SHEETS:EDEX - News) announced today that the Mesa #1 well in Roosevelt County, New Mexico reached a total depth of 7062'.
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The well reached its total depth after 35 days of drilling, at which time, the Halliburton Company was brought in to log the well. After evaluating the results, the drilling rig was released and a completion rig will be ordered for further testing and completion, if the multiple oil and gas zones identified prove to be productive.
"At 7025 feet, the Granite Wash is the deepest potential oil zone and the logical first completion should testing verify the initial drilling results," stated David T. (Tom) Laurance, the company's President. Gas well spacing will be 160 acres per well and oil wells can be drilled on 40 acre spacing. Eldorado has a net 33% working interest in 11,300 net acres covering the Mesa Field.
Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electrostatic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and m
EDEX hits oil and gas! 0.085 x 0.11
dorado Exploration New Mexico Discovery
Tuesday December 12, 9:00 am ET
IRVINE, Calif.--(BUSINESS WIRE)--Eldorado Exploration, Inc. (PINK SHEETS:EDEX - News) announced today that the Mesa #1 well in Roosevelt County, New Mexico reached a total depth of 7062'.
ADVERTISEMENT
The well reached its total depth after 35 days of drilling, at which time, the Halliburton Company was brought in to log the well. After evaluating the results, the drilling rig was released and a completion rig will be ordered for further testing and completion, if the multiple oil and gas zones identified prove to be productive.
"At 7025 feet, the Granite Wash is the deepest potential oil zone and the logical first completion should testing verify the initial drilling results," stated David T. (Tom) Laurance, the company's President. Gas well spacing will be 160 acres per well and oil wells can be drilled on 40 acre spacing. Eldorado has a net 33% working interest in 11,300 net acres covering the Mesa Field.
Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electrostatic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.
No volume on panic selling though... and ask back at $0.06.... just some scared sellers... if I see a few million shares print I will think differently.
PGPM repurchasing $1.5 million in stock! ~ 10 % shares O/S
http://biz.yahoo.com/bw/061129/20061129005356.html?.v=1
Press Release Source: Pilgrim Petroleum Corporation
Pilgrim Petroleum Announces $1.5 Million Stock Repurchase Plan
Wednesday November 29, 7:30 am ET
DALLAS--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (Pink Sheets: PGPM - News), an independent oil and gas company, announces today that the Board of Directors has approved, effective immediately, a repurchase plan to buy up to $1.5 million of its common stock.
Pilgrim shares may be repurchased from time to time in the open market through negotiated block trades or otherwise at the Company's discretion, based on ongoing assessments of capital needs of the business, the market price of its stock, general market conditions and other factors. These repurchases may be commenced or suspended at any time, or from time to time, without prior notice. No time limit has been set for the completion of the repurchase program. The shares repurchased will become treasury shares, and may be used later for general corporate purposes.
PGPM repurchasing $1.5 million in stock! ~ 10 % shares O/S
http://biz.yahoo.com/bw/061129/20061129005356.html?.v=1
Press Release Source: Pilgrim Petroleum Corporation
Pilgrim Petroleum Announces $1.5 Million Stock Repurchase Plan
Wednesday November 29, 7:30 am ET
DALLAS--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (Pink Sheets: PGPM - News), an independent oil and gas company, announces today that the Board of Directors has approved, effective immediately, a repurchase plan to buy up to $1.5 million of its common stock.
Pilgrim shares may be repurchased from time to time in the open market through negotiated block trades or otherwise at the Company's discretion, based on ongoing assessments of capital needs of the business, the market price of its stock, general market conditions and other factors. These repurchases may be commenced or suspended at any time, or from time to time, without prior notice. No time limit has been set for the completion of the repurchase program. The shares repurchased will become treasury shares, and may be used later for general corporate purposes.
PGPM repurchasing $1.5 million in stock! ~ 10 % shares O/S
http://biz.yahoo.com/bw/061129/20061129005356.html?.v=1
Press Release Source: Pilgrim Petroleum Corporation
Pilgrim Petroleum Announces $1.5 Million Stock Repurchase Plan
Wednesday November 29, 7:30 am ET
DALLAS--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (Pink Sheets: PGPM - News), an independent oil and gas company, announces today that the Board of Directors has approved, effective immediately, a repurchase plan to buy up to $1.5 million of its common stock.
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Pilgrim shares may be repurchased from time to time in the open market through negotiated block trades or otherwise at the Company's discretion, based on ongoing assessments of capital needs of the business, the market price of its stock, general market conditions and other factors. These repurchases may be commenced or suspended at any time, or from time to time, without prior notice. No time limit has been set for the completion of the repurchase program. The shares repurchased will become treasury shares, and may be used later for general corporate purposes.
CMBV is next SBNS... SBNS has market cap of $50 million now...
CMBV has several gold properties to develop and has already commenced surveys. They have more shares outstanding 1 Billion, but are only trading at $0.0002/share. For a market cap of < $250,000. Given a market cap of $50 million like SBNS has just achieved then CMBV would soar to $0.05/share... 25,000% return!
This stock is ready to soar, has a website, posts PRs regularly. Get on-board.
CMBV is next SBNS... SBNS has market cap of $50 million now...
CMBV has several gold properties to develop and has already commenced surveys. They have more shares outstanding 1 Billion, but are only trading at $0.0002/share. For a market cap of < $250,000. Given a market cap of $50 million like SBNS has just achieved then CMBV would soar to $0.05/share... 25,000% return!
This stock is ready to soar, has a website, posts PRs regularly. Get on-board.
CMBV is next SBNS... SBNS has market cap of $50 million now...
CMBV has several gold properties to develop and has already commenced surveys. They have more shares outstanding 1 Billion, but are only trading at $0.0002/share. For a market cap of < $250,000. Given a market cap of $50 million like SBNS has just achieved then CMBV would soar to $0.05/share... 25,000% return!
This stock is ready to soar, has a website, posts PRs regularly. Get on-board.
CMBV is next SBNS... SBNS has market cap of $50 million now...
CMBV has several gold properties to develop and has already commenced surveys. They have more shares outstanding 1 Billion, but are only trading at $0.0002/share. For a market cap of < $250,000. Given a market cap of $50 million like SBNS has just achieved then CMBV would soar to $0.05/share... 25,000% return!
This stock is ready to soar, has a website, posts PRs regularly. Get on-board.
CMBV is next SBNS... SBNS has market cap of $50 million now...
CMBV has several gold properties to develop and has already commenced surveys. They have more shares outstanding 1 Billion, but are only trading at $0.0002/share. For a market cap of < $250,000. Given a market cap of $50 million like SBNS has just achieved then CMBV would soar to $0.05/share... 25,000% return!
This stock is ready to soar, has a website, posts PRs regularly. Get on-board.
EDEX News! Drilling started
http://biz.yahoo.com/bw/061102/20061102006108.html?.v=1
EDEX News! Drilling started
http://biz.yahoo.com/bw/061102/20061102006108.html?.v=1
EDEX News! Drilling started
http://biz.yahoo.com/bw/061102/20061102006108.html?.v=1
EDEX News! Drilling started
http://biz.yahoo.com/bw/061102/20061102006108.html?.v=1
SWTS news! GNC contract! 2500 stores
http://biz.yahoo.com/bw/061031/20061031005310.html?.v=1
SWTS news! GNC contract! 2500 stores
http://biz.yahoo.com/bw/061031/20061031005310.html?.v=1
SWTS news! GNC contract! 2500 stores
http://biz.yahoo.com/bw/061031/20061031005310.html?.v=1
My prediction for Dec. 1, 2006 is $0.74
EDEX up $0.02 today as rigs are on site! Drilling set to begin.
http://www.investorshub.com/boards/read_msg.asp?message_id=14235315
EDEX up 16% on... Drilling rigs are on-site!
http://www.investorshub.com/boards/read_msg.asp?message_id=14235315
EDEX starting run! Rigs are on site...
http://www.investorshub.com/boards/read_msg.asp?message_id=14235315
PGPM revenue up 45% over Q2!
PGPM revenue up 45% over Q2!
PGPM revenue up 45% over Q2!
Low relative Float.
PGPM has about 89 million shares floating. On high volume days, this means we may turnover most of the shareholder base allowing for strong price surges, meaning multiples in a short period of time, days or weeks. If we get several days of volume like this, there will be no sellers left, simply from shareholder turnover. This is what allowed PGPM to soar to high 0.20s back in May. It traded over 150 million shares in 3 days. That is almost a 2x turnover in shares.
While I normally don't call 89 million a low float stock, this becomes so as volume surges.
This stock has been accumulating for over a month now. Todays volume should be eclipsed on multiple days next week and when we hit earnings (no later than October 15th) this should really take off. I have been adding for months and it is nice to see some life. Past 0.10, then to 0.15, 0.18, and to high 0.20s again. No one who bought today at 0.05-0.07 is selling there, so stock will move up quickly.
Volume already 12.8 million!
PGPM Great chart! Breakout! on High volume
http://www.investorshub.com/boards/read_msg.asp?message_id=13677351
PGPM on the move! Up 22%
PGPM on the move! Up 22%