Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thu Jun 26, 2008
Luna Gold Intercepts 6.00 M Of 12.58 G/T At The Cachoeira Gold Project, Pará State, Brazil
--------------------------------------------------------------------------------
Vancouver, June 26, 2008 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce assay results from the first nine holes of the Company's ongoing 6,000 m drill program at its Cachoeira gold project, including hole LCD-009 which intercepted 6.00 meters of 12.58 g/t Au. Significant mineralized intercepts are highlighted below.
6.00 meters @ 12.58 g/t Au in hole LCD-009
2.00 meters @ 9.50 g/t within 15.00 meters @ 1.75 g/t Au in hole LCD-008
2.00 meters @ 5.40 g/t Au in hole LCD-007
14.35 meters @ 1.68 g/t Au in hole LCD-004
1.00 meter @ 9.52 g/t Au in hole LCD-006
97.00 meters @ 0.43 g/t Au in hole LCD-001
Luna's CEO, Tim Searcy comments, "This first set of drill results from Cachoeira highlights the quality of projects that Luna is acquiring in the northeast of Brazil. The advanced stage exploration ongoing at Cachoeira is an excellent complement to the feasibility work ongoing at the Aurizona project 100 km to the northeast."
He continues, "These results come from the Arara target, which is the most northerly target along the 5 km of variably mineralized strike at Cachoeira. The Company is very pleased with the high grade intervals encountered at Arara, as it is viewed, primarily, as an underground type target. Further south along strike, the targets Coruja and Toucano have potential for both broad zones of lower-grade mineralization and structurally controlled higher-grade mineralization. Drilling will continue at Cachoeira for two months as the Company has a contract for a minimum of 6,000 m in this phase. Luna anticipates the delivery of the first NI 43-101 resource estimate for Cachoeira by the second quarter of 2009. The estimate will incorporate historic drilling from previous operators and Luna's recent results."
Complete assay results have been received for 9 holes totaling 1940 metres. Significant mineralized intercepts are tabulated below (assays for the full length of each hole will be available on the Company's website shortly, and will be updated as new information is released). The holes were drilled on east-west sections spaced approximately 50 meters apart on the Arara Target Area in the north of the project area. Project maps have been updated to the Company's website. (http://www.lunagold.com/i/pdf/Arara_Plan_Map_240608.pdf)
RBC analyst bullish on Yamana Gold
RBC analyst raises outlook for Yamana Gold, cites positive outlook for gold
August 20, 2008: 09:10 AM EST
NEW YORK (Associated Press) - RBC Capital Markets raised its outlook on Yamana Gold Inc. to "Outperform" from "Sector Perform" on Wednesday, citing a positive outlook for gold and the Canadian company's growth plans.
Yamana shares closed Tuesday at $10.41. They've traded in a 52-week range of $9.26 to $19.93.
In a note to clients, RBC analyst Michael Curran said he viewed the drop in gold prices in recent months as "the summer doldrums."
"Whether or not last Friday's intraday low of $772/oz proves to be the summer 2008 low for gold, we believe many gold equities are at attractive entry points for a subsequent seasonal rally in the fall or later this year," Curran wrote.
As for Yamana, Curran said strong growth plans and liquid gold equities have led shares to realize higher leverage to the price of gold than several other large-cap producers.
RBC maintained its 12-month price target for Yamana at $17 a share.
Thats why i believe the fed will be on hold for a time.
To much risk on raising could further cripple the banks etc.
I think we hold till 09
The pack trades against him.
Anyone wanting to buy one of his picks should wait a few days and get in cheaper.
Most times it works well
The price to book is very attractive.
Hes not new here. UCOIBULL has been around for a while
Sure does sound like a great idea
Mon Jul 28, 2008
Rimfire Partners with Northgate to Explore Australia's Stawell Gold Trend
--------------------------------------------------------------------------------
PR08-11
Vancouver, BC -- July 28, 2008: Rimfire Minerals Corporation ("Rimfire") is pleased to announce a new exploration partnership with gold-producer Northgate Minerals Corporation (NGX-TSX), which grants Rimfire an option on its Stawell Corridor gold exploration properties in the State of Victoria, Australia. Northgate, through its 2008 acquisition of Perseverance Corporation Ltd., acquired a dominant claim position in the Victoria Goldfields, host to over 50 million ounces of gold in both alluvial and hard rock reserves and production.
"With this agreement, we are building on an established relationship," said President and CEO, Jason Weber. "It is a terrific opportunity that became available to us because Northgate's focus is on exploration around their two operating mines, allowing us to advance their outside targets in the corridor."
Chris Rockingham, VP of Exploration and Business Development for Northgate stated, "From Northgate's perspective, choosing Rimfire as a joint venture partner was easy. They have proven to be very capable operators in our Canadian Joint Ventures and the Stawell Corridor land package is ideally suited for their grass roots exploration skill set."
Highlights of this agreement include:
• The opportunity to explore a highly productive gold belt in a politically stable jurisdiction.
• The land position is coherent, encompassing much of the Stawell Corridor. The Stawell Corridor itself is well defined with Northgate's high grade Stawell Gold Mine (SGM) at its core.
• Excellent greenfield exploration opportunities. The exploration model for the corridor has been extensively studied, providing exploration criteria at both the regional and detailed scales. Rimfire will have access to Northgate's SGM which will help build a better understanding of the geological model and improve Rimfire's exploration effectiveness.
• High quality targets with convincing similarities to SGM exist in the land package being made available to Rimfire. Previous work programs were well designed, identifying numerous targets that have yet to be brought to the drill-ready stage, however, insufficient resources were available to the predecessor company to conduct systematic greenfields exploration of the entire land package.
• The deal is structured similar to other Rimfire/Northgate arrangements in which Rimfire undertakes to advance exploration to the point where drill targets are defined, at which time Northgate can take over funding of exploration, earning a larger percentage in the property for doing so.
The Stawell Corridor is a 240 km long belt bound by the Congee and Moyston faults and cored by Northgate's 5 million ounce Stawell Gold Mine (20 Mt at 8 g/t gold). Mineralization consists of gold-bearing quartz veins in ferruginous (iron-rich) sediments associated with basalt centres. This deposit has been studied extensively, resulting in the identification of large-scale characteristics that can be used in the exploration for similar deposits elsewhere in the district. Geophysical techniques such as gravity and magnetics surveys have proven effective in targeting basalt centres and granites associated with mineralization. These techniques will be important in evaluating the rest of the Stawell Corridor and refining targets for drilling.
Rimfire will be exploring three licences, totaling 120 km of the corridor length, representing all ground outside of a buffer around the Stawell Gold Mine. In addition to greenfields opportunities, more advanced targets exist including the 10 kilometre-long Murtoa target, which surrounds the Kewell gold resource. The Kewell resource, which Northgate has opted to exclude from this agreement, is reported to contain a historic 100,000 ounces of gold at 6 g/t gold and has been defined by 25 drillholes. Additional targets include kilometre-scale gravity anomalies that have been confirmed through drilling to reflect basalt centres at depth, with coincident gold and pathfinder element geochemical anomalies on surface. Rimfire has commenced a compilation of all the available data to plan field work for this fall.
Under the agreement, Rimfire agrees to conduct exploration to maintain the licenses in good standing for the current year (approximately $370,000). Rimfire can then elect to conduct further exploration on any or all three of the licenses, earning a 50% interest on each by spending $500,000 per license over two years. Northgate then has the option on each license to: 1) carry out the next $1.5 million to earn back a 10% interest (total 60%) and another 10% by reaching a production decision; 2) not participate and allow Rimfire to earn a 100% interest in the property by spending, or causing to have spent, an additional $2 million over 4 years; or 3) participate in a 50/50 joint venture.
Cramer stinks.
This looks to be a winner.
Sounds like they will be cherry picking the best property.
If the owners pay they make money. If they dont pay we get a good property on the cheap.
Anylysts LOL.
Just someone to lead the sheep to the slaughter.
Interesting time with ucoi.
If this is the point where they reverse split and start producing. This could be a great time to get in on the ground floor,or add to a position that will be reduced from a split.
If they reverse split and start production we may never see these price levels again post split.
Great time to buy 10million or so shares glty
Lurking in the shadows.
They can only control it for just long,then pow.
Thats why we sit and wait.
You cant control something forever.
Nice pick. Thanks
Tue May 20, 2008
Luna Gold Increases Resources by 48% at the Aurizona Gold Project, in Brazil
--------------------------------------------------------------------------------
View News Release in PDF Format
Vancouver, May 20, 2008 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to release a NI 43-101 compliant resource for its wholly owned Aurizona gold project, in Maranhão State, Brazil. Luna has increased both the indicated and inferred resource, from their historic levels, by 48%. Aurizona now has a measured and indicated resource of 763,000 ounces gold and an inferred resource of 525,000 ounces gold.
Table 1. - Aurizona 43-101 Resource Estimate (May 2008)
Measured Indicated M&I Inferred
--------------------------------------------------------------------------------
tonnes
(Kt) Au
(g/t) oz tonnes
(Kt) Au
(g/t) oz oz tonnes
(Kt) Au
(g/t) oz
--------------------------------------------------------------------------------
Piaba 1,400 1.39 63,000 15,361 1.29 635,000 698,000 10,760 1.36 469,000
Tatajuba 1,554 1.30 65,000 65,000 1,859 0.94 56,000
--------------------------------------------------------------------------------
total 1,400 1.39 63,000 16,915 1.29 700,000 763,000 12,619 1.29 525,000
1) 0.3 g/t cut-off
2) 20g/t cap at Piaba and a 10g/t cap at Tatajuba
3) block dimensions are 10m x 10m in the xy plane and 3m on the z axiz
4) Piaba database consists of 150 diamond drill holes and 62 RC holes
5) Tatajuba database consists of 45 diamond drill holes
6) Piaba drill results released after 28 January 2008 have not been included in this resource estimate
7) Tatajuba drill results released after 19 March 2008 have not been included in this resource estimate
8) Mineral resources that are not mineral reserves do not have a demonstrated economic viability
9) the independent QP responsible for the mineral resource estimate is Leah Mach, CPG, of SRK Consulting, Denver
Luna's CEO, Tim Searcy, comments, "The Company has had great success in upgrading and expanding the historic resource. 4,500m of drilling at Piaba and 1,800m at Tatajuba has increased the resources by nearly fifty percent. I am confident that the deposit will continue to grow, because: 1) drilling has not yet identified a bottom to the deposit, 2) Orogenic gold deposits, like the deposits at Aurizona, typically have good vertical continuity, and 3) the last five holes reported from Piaba (please see the press release dated 28 February 2008 & 22 April 2008) were not included in this estimate, but they have all intersected similarly styled mineralization at depths amenable to open-pit mining. The Company continues to drill at Aurizona, with the focus still on Piaba and Tatajuba."
SRK Consulting has been commissioned to undertake a 43-101 reserve statement for Luna Gold on the Aurizona project. This resource estimate constitutes part of that work. Luna intends to file a NI 43-101 compliant technical report within 45 days of this release.
Exploration Targets
A number of parallel to sub-parallel trends exist to the northwest and southeast of the main Piaba-Tatajuba structure; please visit www.lunagold.com/i/maps/Aurizona_Targets.jpg to see the locations of the various trends. Some of these trends have been drill tested by past operators along various sections. Selected results from the historic drilling are listed in Table 2.
Table 2. - Significant Intercepts from Satellite Targets (Historic Drilling from previous operators)
Target Hole # From
(m) To
(m) Length
(m) True
Width
(m) Grade
(g/t) Comments
--------------------------------------------------------------------------------
Micote BRAZD-013 89.00 101.27 12.27 6.1 3.16 - includes 0.95m of 31.76 g/t
117.00 124.15 7.15 3.6 2.65 - includes 0.7m of 12.7 g/t
BRAZD-014 0.00 29.43 29.43 14.7 1.34
BRAZD-035 90.72 96.00 5.28 2.6 12.18 - includes 0.78m of 75.0 g/t
Boa Esperança BRAZD-160 47.88 57.50 9.62 6.2 1.01
BRAZD-163 1.20 9.00 7.80 5.0 1.14
BRAZP-08 22.00 33.00 11.00 3.8 1.24
Pé Grande BRAZD-153 8.80 18.20 9.40 6.2 1.47
Ferradura BRAZD-172 14.00 26.00 12.00 7.7 1.39
BRAZD-178 32.00 39.00 7.00 4.5 2.88
Sao Lourenço BRAZD-127 44.00 48.00 4.00 2.8 4.60
54.00 58.78 4.78 3.4 5.77 - includes 0.55m of 20.68 g/t
BRAZD-149 4.00 7.15 3.15 2.0 10.73 - includes 1.3m of 32.63 g/t
Rio Bonito BRAZD-046 30.00 32.23 2.23 1.3 2.50
Pirocaua BRAZD-182 67.00 106.46 39.46 25.4 1.67
BRAZP-05 0.00 5.00 5.00 5.0 2.11
- the complete drill database for the Aurizona project can be found at www.lunagold.com
Luna's Exploration Manager, Titus Haggan states "Limited drilling and deposit reinterpretation has provided very positive results to date. Drilling at Aurizona is ongoing, focusing on depth expansion at Piaba and strike and depth expansion at Tatajuba. In addition, Luna has yet to test a number of the other satellite deposits that occur in the immediate vicinity of Piaba and Tatajuba within the area defined as Aurizona Main. In the coming months, a second drill rig will be added to the project to begin the testing of these targets."
Methodology of the Resource Estimate
Mineralized envelopes were defined at 0.3g/t for both Piaba and Tatajuba. At Piaba, an indicator was used to define waste and mineralized zones within the mineralized envelope. Grade estimation for both deposits utilized inverse distance squared using only composites within the mineralized envelope. Estimation parameters for measured and indicated required a minimum of 2 drillholes, minimum of 4 composites and maximum of 15. Grades were estimated in 2 passes, with all composites within 15m of the block centroid for the first and within 60m for the second. A third pass which required only 1 drillhole and a minimum of 3 composites and that all composites be within 120m of the block centroid was used to estimate the inferred blocks. The resources were classified as Measured, Indicated, or Inferred based on the pass in which the block was estimated. The resource model was verified by visual inspection of the blocks and drillholes on cross-sections and horizontal sections, by comparison of the statistics of the blocks and composites, and by swath plots through the deposit.
Geology & Mineralization
The Piaba and Tatajuba deposits are classified as Orogenic Gold Deposits and represent ENE trending near vertical mineralized envelopes of gold mineralization within a major ENE-trending fault zone in the Aurizona Group. The Piaba deposit is hosted in a northern hanging wall volcanic sequence. The deposit footwall is formed by a distinctive graphitic volcano-sedimentary sequence which delimits the deposit to the south. The volcanic sequence is andesitic to basaltic in composition. Primary gold mineralization shows a close spatial association with graphitized andesites and diorites and strong quartz veining with an associated chlorite-carbonate overprint. Piaba is a bulk tonnage, low-grade gold deposit amenable to open pit mining methods situated in a tropical environment similar to other gold deposits in this part of South America including the Las Cristinas and El Callao gold deposits in Venezuela, the Omai Gold Mine in Guyana, and the Gross Rosebel gold deposit in Suriname. Mineralization at Tatajuba is similar in nature to Piaba.
About Luna Gold Corp
Luna is a mining exploration company focused on the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects in northeastern Brazil.
On behalf of the Board of Directors
LUNA GOLD CORP.
Tim Searcy, P. Geo. - President and CEO
Website: www.lunagold.com
For further information contact Investor Relations at (604) 689-7317 or toll free at 1-866-689-7317.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Regulatory Footnotes
Exploration on the Aurizona Project was initiated in 1978 by Brascan Recursos Naturais S.A. (Brascan) and continued through the 1990's with work by Brascan, Unamgen Mineração e Metalurgia S.A (Unamgen) an exploration subsidiary of Gencor Ltd and Eldorado Gold Corp (Eldorado). Luna acquired the property in 2007 and commenced exploration soon after. Historic drill core (HQ [63.5mm] diameter) analyses by previous operators Uamgem and Eldorado were conducted at Nomos Laboratory in Rio de Janeiro and Bondar Clegg Laboratory in Luziânia, Goias respectively. Unamgen and Eldorado conducted laboratory QA/QC programs and retained all original assay certificates. Luna used Acme Laboratories Ltda in Maraba, Brazil and Vancouver, Canada. Luna's QA/QC program consists of blanks, Certified Reference Materials (CRM), pulp check assays at ALS Chemex in Belo Horizonte, Minas Gerais and coarse reject check assays at Acme and at ALS Chemex. The Piaba resource estimate contains drill data produced up to 01/12/2007 and Tatajuba contains drill data produced through 01/02/2008.
Leah Mach, CPG, of SRK Consulting is a Qualified Person as defined under National Instrument 43-101. Ms Mach is responsible for the resource estimate on the Aurizona Project.
Tim Searcy, PGeo, APEGBC, Luna's President and CEO, is a Qualified Person as defined under National Instrument 43-101 has reviewed and approved of all the disclosure in this document.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securities Act of 1933 and applicable state securities laws or an exemption from such registration is available.
Thu May 15, 2008
Luna Gold Nominates Mr. Nolan Watson for Board of Directors
--------------------------------------------------------------------------------
Vancouver, May 15, 2008 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce that Mr. Nolan Watson has agreed to stand for election as a director at the Company's Annual General Meeting scheduled for June 18th 2008.
Tim Searcy, Luna's President comments: "We are pleased to be in a position to add Mr. Watson to Luna's board of directors. His experience financing and growing precious metals companies will strengthen the board at this important time, as Luna moves its Aurizona project towards development."
Mr. Watson is the Chief Financial Officer of Silver Wheaton, a TSX and NYSE listed company, and the largest pure silver company in the world. Mr. Watson was Silver Wheaton's first full-time employee and has played an instrumental role in building that company. Mr. Watson has participated in a number of equity and debt financings, and in the role of Silver Wheaton's CFO, led the 3rd largest bought deal financing in Canadian history.
Mr. Watson, a former Valedictorian of the Chartered Accounting Program, is a Chartered Financial Analyst charterholder and holds a Bachelor of Commerce Degree, with honours, from the University of British Columbia. Prior to his role with Silver Wheaton, he worked in the Corporate Finance department of Deloitte and Touche where he specialized in financial advisory services, including mergers and acquisitions.
Director, Gregg Sedun, will not be standing for re-election at Luna's AGM, but has agreed to join the Company's advisory board and will continue to provide guidance to the Company. Luna would like to thank Mr. Sedun, a founder, for his efforts in advancing the Company. The management and directors of Luna wish Mr. Sedun all the best in his future endeavors.
Tue Apr 22, 2008
Luna Gold Intercepts 73.00 M Of 1.47 G/T Au At Aurizona And Continues To Extend Gold Mineralization At Depth
--------------------------------------------------------------------------------
Vancouver, April 22, 2008 -- Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce new assay results from the Company's ongoing drill program at Piaba, the main gold deposit at its wholly owned gold project, Aurizona. Significant mineralized intercepts are highlighted below.
20.24 meters @ 2.30 g/t Au including 5.24 meters @ 4.25 g/t Au in hole BRAZD-252
73.00 meters @ 1.47 g/t Au in hole BRAZD-253
39.00 meters @ 1.56 g/t Au in hole BRAZD-255
Luna's CEO, Tim Searcy, comments, "This latest round of drilling at Piaba has focused primarily on extending the mineralization at depth. The first four holes, reported here, extend the mineralization at depth; however, the deepest of these mineralized intercepts are less than 150 m in the vertical. Therefore, there is still significant depth potential at Piaba that remains to be tested."
Complete assay results have been received for a further 4 holes totaling 795 metres drilled in the east central portion of the Piaba deposit. None of the results from this round of drilling have been included in the upcoming resource estimate, due out in mid May. All the drill holes intersected gold mineralization. Significant mineralized intercepts are tabulated below.
HOLE ID AZI DIP DEPTH (m) FROM (m) TO (m) INT (m) AU (g/t)
BRAZD-252 168 50 224.65 69.00 75.00 6.00 2.15
113.00 117.00 4.00 2.29
121.76 142.00 20.24 2.30
including 121.76 127.00 5.24 4.25
BRAZD-253 168 55 236.80 81.00 154.00 73.00 1.47
166.00 175.00 9.00 1.50
BRAZD-254 168 50 204.70 113.00 139.69 26.69 1.39
including 138.00 139.69 1.69 8.28
BRAZD-255 168 50 128.85 23.00 62.00 39.00 1.56
including 50.00 57.00 7.00 3.17
Table1. Mineralized intercepts from the Piaba deposit. Width in the table represents core width of the intersections, and does not represent the true width.
Luna's Exploration Manager, Titus Haggan states, "The Piaba drill program continues to intersect gold mineralization at depth. The gold is hosted in a highly altered volcanic sequence cut by quartz veins located within the major Aurizona structure, which also hosts the Tatajuba satellite deposit. The drill holes reported here are the first holes from the new Piaba deep drill program and the results demonstrate that the deposit remains open at depth."
Three of the drill holes were sited to test the vertical continuity to the fresh rock mineralization at Piaba. All these holes extended gold mineralization at depth. Drill hole BRAZD-252 intersected several zones of gold mineralization including 6.00 m @ 2.15 g/t in oxide and two zones of fresh rock mineralization, the best of which returned 20.24 m @ 2.30 g/t Au. BRAZD-253 intersected 73.00 meters @ 1.47 g/t Au from 81.00 meters depth and considerably extends the deposit at depth in this area. BRAZD-254 intersected 26.69 meters @ 1.39 g/t Au and also extends the depth of mineralization. BRAZD-255 was an infill hole on section 375W required for mine planning and intersected 39.00 meters @ 1.56 g/t Au.
About Luna Gold Corp
Luna is a mining exploration company focused on the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects in northeastern Brazil.
Interesting company.
The future of juniors is right here i think
Ya the volume says it all.............
Ya i know that now. But its far to late now.
Thanks for the advise.
I see you like alot of my old trades.
I made alot of jack on NXG and a nice stack on GSS.
Both good companys. Ive been in AUY since the 10.00 range and man that stock is going to do great thing in the future.
Man i bought nxg at 1.25 when everyone hated it.
So it made no sence why i bought FMNJ at .10 when everyone loved it. Go figure.
I guess i just like investing my portfolio drippings as i call them.
Just as i buy scratch off tickets with the drippings from my paycheck.
Ya brother i have a few.
And i swear my last.
Next time i have the urge to gamble ill go to vegas.LOL
And we should see the ROE rise and bring in a wider band of institutional investors.
Up we go as long as we dont get an offer.
Yamana has got to be on the lips of alot of majors boards at the present moment.
Just how cheap can you buy a 1 million plus a year producer with alot of organic growth?
It boggles my mind why this stock is not trading well above 20 bucks.
I would just hate to see someone drop a buyout on us now with a pissy 30% premium.
I do sleep better at night believing that yamana would laugh at anything under 25.00. And they would be justified in my eyes
Wait for the herd.
Look for value find value invest in value...
wait for the herd
Ya gotta love it.
The way the markets work never ceses to amaze me.
Go figure.
Oh they wont vanish. They will reverse split and hopefully make a real go of it this time.
However neither one matters much too me as my investment is pretty much gone.
The only chance ive got now is to add as much as i can as low as i can get and hope for a bounce to .01
Ya oh well probably wont happen. so ill leave them in my portfolio until the end of time.
After all whats the point in selling when your down something like 95%.
Who knows maybe escala will make us some money. Then again im just glad I havent bought any new pennys in awhile.
Im done with pennys forever.
Glad i have some real stocks in my portfolio. Doesnt make me feel as bad.
GOOD LUCK TO US ALL
GOOD LUCK TO US ALL
Im still in.
SWEET....
I see your into gpxm.
I Made some good money on the last run.
Another good company with a bright future
Yes im awake.
Mining is a slow and boring process sometimes.
Always look at the out years and ignore the static.
This company has the makings of something great.
But time it will take.
But mick alot of O&G stocks arenot doing a lot lately.
Powder is not without its problems but the whole industry seems to be trading flat and slightly down.
Maybe buyers are waiting to see how high oil and gas will go.
Investors may see a bubble and be waiting fearing a pop.
I think oil is going to 130 before it relaxes.
Were in a company with great potental,but the ceo needs to GIT ER DONE alreay.
I will be at the next shareholders meeting. And youll know its me because ill be the one asking him how he justifys his salary and not to mention how he takes a bonus for selling of interests.
Maybe ill get thrown out...TEEHEE
Anyways im still staying the course,i believe its all there just like a new jigsaw puzzle. Just hoping BF can put it together.
Being long is a tough road to ride.And i will still buy more,no matter how low it goes. Im married to this baby its either going to kill me or make me rich.
Have been going over the filling and found a few interesting points.
There are 20,500,000 warrents out.
All expire at various dates from .18 to .40
2,000,000 are set to expire on may 31
and another 1,000,000 on july 31st at .18
and 1,000,000 on july 31 at .24
So will they expire worthless. No one would execise a warrent at .40 when the stock price is .09
This is a plus in my mind as there will either be 4,000,000 less outstanding or the share price will jump to make those warrents worth exercising.
Looks like a win win
Also Sunrise securities holds 7,500,000 warrents at .25
Will they be left to expire worthless or will we see sunrise run the price up to make a buck?
They are in the buisness to make money and i cant see why they wouldnt want to make a quick buck.
Long term its easy to see .25-.40 again or even higher depending on the greed of sunrise.
Short term i guess we see more pain.
Another interesting thing i found was. Renco owes Powder 653,000
and brian fox is the principal in renco. How about Mr. fox give up a years salary to pay that debt. How about it Brian? LOL
Makes you wonder huh.
Looking good. Nice results
Gee its going up today benz. I hope you sold.
Man you are wrong more and more.
Didnt i call it back in feb.
Ive stopped reading any PRs. Have they produced anything yet.
Im thinking of asking my broker to trade my shares for a case of beer(the good stuff).
God help us all.
From now on i will get stinking drunk and randomly pick a penny stock.
Worse case id get a great buzz outta the deal.
I do believe there is gold and etc at all of their propertys. However im not so sure these (enter here your own words) can find it.