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LOL!
Nice job. Shorty is SCEEEEEEE REEEEEEEEEEEEEEEWWWWWWWWWWWWWWWWWWWWWED!
Funny how they always say that rare earths aren't rare, but they never say that what IS rare about them is to find them in concentrations large enough to make the expense of mining for them profitable. I often treat MarketWatch articles the same as I do Kramer... do the opposite of what they tout to make money.
Enjoy the weekend CDCHr's. Tick Tock...
It's amazing the results you can get trading CDCH once you go dark!
Thanks Ex. Actually, I bought another 100 million last week. This is just a little swing position which I will sell off completely at the exact swing high of the current move. Then I intend to buy that position back at the exact bottom when we hit it. Of course I won't post about it in real-time, but I'll certainly let everyone know after I've made the move.
Wow! You guys are all pretty good, although I don't see you offering any documented proof of anything like I'm about to do...
These are the shares I bought, from late August of 2001 to August of 2004. Yes, that's right... I bought em ALL! I haven't sold anything yet like you noobs. Unlike otkezher traders here who sell for a couple hundred in profit, I go for the BIG BUCKS BABY YEAH!!!
:-P
LOL! Always appreciate the comic relief Kezz...
Amir Adnani was on CNBC yesterday as well...
http://video.cnbc.com/gallery/?video=3000066249
From a technical perspective, QRM retraced 50% of yesterday's move and bounced from there. It's holding above the 20 ema on the hourly chart so far which is key, imo. If it should break down below the low so far today watch for support at the .618 retracement level at 2.84. If that doesn't hold, you've got the 50ma on the daily chart at 2.78.
When I have more time this weekend I'll post the daily chart which looks to me like it has an adam & eve bottom formation, which is very similar to a cup & handle. If the formation plays out to its full potential the upside target is $6.32. The formation began in late September of last year so it is rather large and can take up to several months to play out, imo.
I guess you didn't have to wait too long!
http://www.marketwatch.com/story/quest-reports-strong-summer-program-drill-results-at-strange-lake-intersects-1444-metres-at-144-treo-strange-lake-quebec-2012-01-12?siteid=nbsh
Quest Reports Strong Summer Program Drill Results at Strange Lake, Intersects 144.4 Metres at 1.44% TREO, Strange Lake, Quebec
Highlights: - Strange Lake B-Zone summer drilling program was designed to complete in-fill drilling of the B-Zone rare earth deposit to the limits of the virtual 25-year open-pit mine shell on 50 m by 50 m drill centres, to a maximum vertical penetration of 150 m - Drilling shows that mineralization continues to the lateral and vertical limits of the pit shell and remains open to the southwest and northeast - Multiple, high-grade intersections of between 1.12% and 6.11% TREO over thicknesses of 2.34 m to 144.3 m characterize all holes drilled into the zone. These intersections are contained within a larger 95.2 and 147.0 m-thick mineralized envelope grading between 0.87%-1.07% TREO - Heavy REO of between 22.4% and 76.5% of TREO continues to characterize the mineralization - In addition to definition drilling, geotechnical and metallurgical test holes were completed for input into the pre-feasibility study currently underway
Works for me!
I'll re-post the chart after the JV announcement this year. I'm sure you'll feel much better after the chart shows significantly higher prices. Just give it a few months.
Oh, and I was one of the folks you mentioned. I sold about a quarter of my position and made some nice cachingos. As you can see from earlier posts today I bought some much cheaper, along with the several 100 thousand I bought in the 03's & 04's late last year.
Ta ta for now...
BOT 15,000 CDCH Stock .050 09:49:42 3.75
BOT 5,000 CDCH Stock 0.0500 09:43:07 1.25
BOT 5,000 CDCH Stock 0.0500 09:43:26 1.25
BOT 5,000 CDCH Stock 0.0500 09:46:57 1.25
BOT 20,000 CDCH Stock .050 09:42:41 5.00
BOT 50,000 CDCH Stock .050 09:40:32 12.49
BOT 50,000 CDCH Stock 0.0499 09:37:45 12.48
BOT 50,000 CDCH Stock 0.0498 09:37:03 12.45
Yes. 2.48 is my cost basis. Wouldn't bother me if I'm given one more chance to lower it in a few weeks, but won't complain if I don't.
Nice call Nitwit!
I'm not interested in continuing an argument with you. Thanks for the Xmas present... very interesting but not surprising. I'm looking forward to reaping some very nice, legally obtained rewards as a result of my DD here. Those who take part in illegal/dishonorable activities will get theirs, one way or another. That's just how life works. The nice thing is, I don't have to do or say a thing about it.
Have fun.
As far as I'm concerned, it speaks for itself.
"All known associates are being sought out and certain parties who have had a history of interfering with Medinah Management's personnel and the Company’s right to pursue its business interests in a free and unfettered manner have, or soon will be reported to those same authorities."
You made my point beautifully with your response. Thank you and have a wonderful holiday.
Long & Strong MDMN & CDCH!
SHAREHOLDER UPDATE
December 23, 2011
Dear Shareholders:
Management of Medinah Minerals (Chile) S.A. are pleased to report that all preparatory details of the Compañia Minera LDM Chile Mining operation at Las dos Marias have been satisfied. Señor Quijano has travelled several times to the property with the Mining Contractor to meet with land owners and now has a usage Agreement with them for the surface rights adjacent to the property. This property will be utilized for the storage of waste rock and tailings and holding area for ore which will then be transported to the processing refinery. The Mining contractor will now commence mining operations and begin to drive the tunnel into the high-grade gold zone previously intersected in drilling programs at the Las dos Marias site on the Lipangue plateau. Previous drilling intersected sections of the high-grade zone that returned spectacular assays exceeding 100 grams of gold per tonne.
Management of Medinah Minerals (Chile) S.A. is now considering three offers of either purchase and/or joint venture as to the Altos de Lipangue property. One offer is in the stage of a formal contract which, if accepted, can be immediately legalized with the Notario. Details, where permissible, relative to these offers will be released to all shareholders in real time or perhaps news of the acceptance of one of these offers when we are all returned from our Christmas holidays.
Management has notified the parties of the prior failed agreement of our intention to sue for damages and breach of contract. Management has also issued a demand for the release of our Trust funds and the payment of penalties in excess of $1 million (one million dollars). Names of these parties will be released only in filed court documents as Medinah Minerals (Chile) S.A. remains under the certain terms of the Non-Disclosure Agreement.
Management also reports that the Company is proceeding with legal actions against Godwin et al in our countersuit that has been ignored for too long by the defendants. Further to that, law enforcement personnel are currently pursuing an expanding investigation into the criminal activities of associates of Mr. Bogdan Borkowski. All known associates are being sought out and certain parties who have had a history of interfering with Medinah Management's personnel and the Company’s right to pursue its business interests in a free and unfettered manner have, or soon will be reported to those same authorities.
Management wishes all of our Shareholders a safe and Happy Holiday.
That looks a bit like a inverted head & shoulders bottom Block.
Too bad the stock is a scam! LMAO
This part seems especially fitting to post here...
"Management also reports that the Company is proceeding with legal actions against Godwin et al in our countersuit that has been ignored for too long by the defendants. Further to that, law enforcement personnel are currently pursuing an expanding investigation into the criminal activities of associates of Mr. Bogdan Borkowski. All known associates are being sought out and certain parties who have had a history of interfering with Medinah Management's personnel and the Company’s right to pursue its business interests in a free and unfettered manner have, or soon will be reported to those same authorities."
Thanks! Looking forward to selling them in the $50's or so one of these years.
Dec. 21, 2011, 4:30 p.m. EST
Rare Element Reports Additional Drilling Results and Progress With Pilot Plant Testing
http://www.marketwatch.com/story/rare-element-reports-additional-drilling-results-and-progress-with-pilot-plant-testing-2011-12-21?siteid=nbsh
Added today @ 2.34.
Added @ 1.57.
Started a new position here @ 3.80.
Could you provide the link on the MDMN website where it says there isn't going to be a JV deal? I looked but did not find. TIA
Still long, strong, patient & happy I do my own DD instead of reading posts on message boards.
Started another position today at 2.22. Looking for another nice run like the one we enjoyed the second half of 2010.
Wowwie! Somebody is in some deep dookie now! LOL
Trend line support at right around $6 today. Gaps at $5.76 and $4.71. I'd love to see the lower gap fill since I missed the October lows.