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This is a good sign. This stock is moving on fundamentals. The gold is in the ground. The mills have finally begun processing. More hammers are being purchased. Things are looking good.
Lets resist the urge to pump and dump, or be irrationally optimistic. Like Joe Friday, "Just the facts, maam."
If they have in the ground what has been said for years, I believe GEII will be a profitable long term hold.
WC2
Kingman said, "I have an easy flight from here to Midway and then I think it's 2 hours drive."
If you're talking about going from Chicago Midway to Clinton county, be aware that it takes 4 1/2 hours to go from Chicago to St. Louis, which would be about the same distance. Better bring your radar detector and watch out for the man.
Is this oil well party by invitation only?
WC2
Pnb
Why would anyone want to sell at these levels? The news sounds great to me with gold at $900 and ounce. We finally have product that is starting to come in. I am looking for good things.
WC2
Hey Tony,
Have you ever experimented on what PIP would do over a bed of coal? Would it react the same as oil or gas? Just curious.
Looking for some good news!
GO TOM! GO EDEX! GIT US SOME ERL!
brides???
I've had mine for 20 years. And she's driving by through Mt. Vernon tonight. Maybe I should tell her to stay on the lookout for gushers.
WC2
Actually, its not too bad around here. Farmers are gettin out in the field. Work is getting done. Mt Vernon is south enough to have missed the worst of it. Most of what has been hitting over the last few weeks has been spotted heavy showers. No reason for any slow down... unless they're in some type of slough or swamp. The biggest problem now is the height of the rivers with all that water coming down from Iowa and Minnesota. Heard another levy broke to the north of us today.
GO EDEX GO TOM
Anyone have some GPS coordinates on the wells around Mt. Vernon, I've driven past there a number of times in the last few weeks and am curious as to where they are (if anything is there yet) Beautiful country. Lots of farmland, old farm houses, timber and some rollng hills. Nice Harley dealership. What more could you want? Oh yeah. Lot's of oil. Barrels full of oil. Bring it on!
WC2
GO EDEX! GO TOM!
Anyone know precisely where the Illinois wells are to be drilled? I'll be out and about in that area for the next few days. I think that Southern Illinois has been spared the latest round of weather as opposed to Chicago etc.
WC2
Amen. Tom.
Thanks for your full disclosure. Your timeliness and openess in addressing this issue speaks much to your character.
Keep on drilling and get us some black gold.
WC2
Since we've had PR's on Tuesdays for the past four weeks, maybe tomorrow.
GO TOM! GO EDEX!
Thanks Tom for keeping the PRs coming. Though its a slow process, the regular postings are breathing new vitality into our Eldorado. We are excited to see things progressing. The SEC filing will be a great step in cementing confidense in what we're doing. Lets continue the momentum and double the SP again!
Keep up the good work, and thanks for hearing your investors.
WC2
GO TOM! GO EDEX!
Do you remember the first presentation in the hotel room with the brown paper bag?
I don't think that Tom is the kind to blow a whole lot of money on a high-falutin show.
I would guess it was the same kind of presentation with updates. But them, who am I to know. If there was one, I would like to see it.
WC2
GO TOM! GO EDEX! MAKE SOME MONEY! GIT SUM ERL!
I concur that this is a good move. Better to make a even a base hit than to whiff out trying to pull a homer. Sucess will be in the fundamentals.
GO EDEX GO TOM!
WC2
Earl,
Talking to yourself? Quoting someone? What ya saying?
wc2
Wasn't Pickens in the news lately for buying up massive amounts of water rights out west? Maybe that's where the smart money is headed.
WC2
"Let's learn to walk first and a bunch of lower producing potential wells, shallower in depth, less costs to drill, is what I want to start the climb again."
ITA
Babe Ruth might have held the home run record fow many years, but I recall he whiffed quite a bit getting there.
How can we afford new wells if we can't complete the previous ones? I'm sure there's a legit game plan behind this. But I don't know what it is. It would be nice to see how Illinois fits into the bigger picture.
GO EDEX.
WC2
Anyone know when the rain is supposed to let up (and we can get back to work)? I put that in paratheses because our hearts should first be with the people who are suffering through this. What a mess!
WC2
Having lived in North Dakota, and experiencing three straight weeks in February where it never got over -50*F, I think the ground should be pretty darn hard right now. To cold to pour concrete. My grandfather died Jan 10th, 17 years ago, and they put him in a wear-house till spring until the frostline melted.
WC2
How much and what kind of dilution is going on, that would lead one to lable Terry as 'self serving'?
WC2
How much??
Please tell me how Terry is "self serving." I would like to know, seeing as I am an investor risking my heard earned cash like the rest of you.
WC2
"Foot draggers and cons artists"
Of course you would not want to classify Terry Turner with such ilk. He is truly a consciencious man, and that's crucial.
One of the most encouraging statements for me from Golden Eagle:
"On December 1, we went to work and are pleased that we have hit our goal of initiating the C Zone gold mill installation in the fourth quarter of 2007."
That this company is consistant in MEETING THEIR GOALS is GREAT news, and speaks volumes of company leadership. Although we all want it "today and now", the truth is exciting things are transpiring at this moment for us and the future of MYNG has never looked better. Our SP will be nicely rewared because of this.
Regarding the unsure political situation in Bolivia, its a HUGE plus in regard to the honesty, integrity and cooperation that Terry and his team has demonstrated to the Bolivian authorities.
Looking for a great year.
WC2
Anything new with the Nevada project? By "project" I assume you mean "sale".
Politically, Bolivia is hellasciously risky, but so far so good. The government's assurances of being hands off on oil and mining have been encouraging.
About time for an update on the progress being made there! How close to getting some of that yeller gold out of the ground?
GOLD 01/09/2008 08:22 875.00 At these prices full steam ahead!
Looking for everything to come together soon!
WC2
How much does this unnamed partner need to come up with?
Suppose the well was 1.2 mill, he still owes $400,000. (This doesn't include the cost overruns from the frac?.)
From what I've heard, there are two options. The other two parnters COULD force him out, or graciously give him the chance to come up with the funds. If the other two are confident that he has the ability to get financing, and have agreed on a timetable to do this, this grace upon grace is a great testimony to the integrity of those involved. Doesn't the Good Book say, "There is a brother who is closer than a friend."?
WC2
Merry Christmas to one and all. The comfort, joy and peace of the Christ child, be with one and all, with many blessings for the year to come.
WC2
Jag,
How'd you get that picture to work? Thought I followed the directions. Obviously you must be better with it than I.
I'd love to post the Wanner picture.
WC2
Why do you whine so?
"at Mesa and relied on PIP,which has found nothing,but dirt."
I'm not going to waste my time looking up back posts, but how many hundreds of feet of pay did we find at Mesa? You say its only dirt? Think before you post. Maybe then you wouldn't be putting your foot in your mouth.
WC2
Cebella says that there is "no rig" He's sharp to say there IS no rig. Remember Bill Clinton and Monica: "Is means Is." Of course. The rig was released a long time ago. But if he is implying that there was never a rig, even if it happens to be gone now, I think he should be banned from this board and reported to the SEC for investigation.
WC2
As I posted previously, I also have a great picture of ND. Since I had trouble posting it to this board, you could look at FOTOTHING, www.fotothing.com/michaelpiper/ I'm sure you can find it there. Boys, that geiser rocketing out of the pipe is the CO2 gas from the frac. Notice the oil in the bottom of the pit. Seeing is believing boys. Again, thank you CJF for the fine photography. Anyone who says different does not have your interest in mind.
A blessed Christmas to each one of you.
WC2
Are you so quick to forget what was PR’d a few months ago? Here is a picture of the CO2 from the acid frac coming from the Wanner well. Thanks to CJF’s steady hand for this great picture. Look close. That’s oil you see. This doesn’t guarentee a well, but PIP found this oil in the middle of nowhere when none of the “big boys” could. How ‘bout that? Have some faith! Do your DD! GO EDEX!
IRVINE, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Eldorado Exploration, Inc. (Pink Sheets: EDEX) announced today the results of the acid frac stimulation on the Wanner 27-1 well in Stark County, North Dakota. The Company and its partners initiated an acid frac on 210' of the Lodgepole formation with 1000 BBLS (40,000 gallons) of gelled acid at the rate of 35 barrels per minute (1470 gallons per minute). After the acid frac, swabbing has returned a total of about 400 barrels of largely drilling mud along with a portion of the acid products and hydrocarbons. The swabbing rig was released and a pumping unit has been ordered for the final completion of the well. Swabbing uses a vacuum pull from above, and a pump pushes up from below, which can be much more efficient to moving the heavy acid limestone mix from the frac process to the surface.
The fluids include crude oil and gas, verified by geochemical analysis of the fluid. Testing indicates that this Lodgepole reef well may be capable of producing crude oil at the rate of 250 BOPD. Due to a bottom hole pressure test of 4700 PSI, the zone could produce at a much higher rate after the zone cleans up. The Lodgepole mound reef play was first initiated by a discovery well drilled by Conoco in 1993 near Dickinson, North Dakota. By the end of 1996, there were 21 producing wells and 6 new fields. The better wells produced at rates of 1000 BOPD to over 2500 BOPD with substantial volumes of natural gas. Due to the subtle features, Lodgepole accumulations are difficult to find using conventional Seismic methods. Eldorado Exploration, Inc. has a 6% Working Interest in the Wanner 27-1 well. The company has agreed to participate in the drilling of 13 more Lodgepole wells in Stark County, North Dakota with a 33% of the Working Interest on all 13 wells.
News we've been waiting for! Lets get some gold out of the ground and make some money! We'll see how this affects the price/volume.
WC2
First time posting on this forum. Aren't we supposed to be getting word on the C zone project? If we do I think stock will move.
WC2
Thanks jabs, for Tom's email.
I've never talked with Tom, so I gave the email a try and he got back with me right away. I was highly impressed with the thoroughness of his response. Tom is really an exceptional guy and operates with a lot of integrity. I suggest that those who are finding it hard to keep the faith, talk to or email the man personally. You might see things in a new light.
Thanks for the pictures of Wanner, Tom. You're a class act!
WC2
Where did everone go? I thought this board was getting off the ground. The new question: "Where will the bottom be?" He who guesses right could do very well. Nevertheless, I think this company is on the verge of being well postioned in the fledgling Chinese mining sector.
According to what I see as filed with the SEC, insiders own 1.5 mill or 9.42% of the company according to schedule 13G. Doesn't this make for a float of 10.5 mill? On a 3 mill day, that is still a 30% turnover.
If there are 1.5 mill in float, and 12 mill outstanding, then insiders own 80% of the company? Maybe my math is wrong, but that seems like a very volitil mix.
1.5 million in float? It is my opinion we saw the price/volume peak today. Will there be support at these levels? I don't know. Look for some wild swings. The one with patience will be well situated to take advantage of that.
Overall, I think CHRN is in a great position to consolidate the fragmented Chinese mining sector. This, I feel could be huge and ultimately make this a long term hold for those properly positioned.
It is not my understading that CHNR has options. Am I wrong? That would be nice, concerning the downside volitility potential,
Glad to see a new board started here. I've owned China for a year now. Nice rise. Insane actually. Got caught by a GTC at 20. Looking to get back in on pull back. I see them as well positioned to accumulate in the Chinese mining industry. I do not believe such 2 day momentum is healthy. But being there are 12 million shares outstanding, and you have 8 mill turnover, I suppose bodes good for traders.
Peace
From the get-go, this board had been the foremost source of information on Eldorado (other than calling Tom himself) I logged on to ragging Bull a few times and it was a joke. For all the bantering, we've been priviledged to conversations you can get no where else. I don't think TopHat or anyone else wants to run you off. They just want to keep the conversation productive and civil, and moving forward. Contrary to what some say, this board has a lot of weight in the price of the stock. It's a glass house. And when we throw stones the whole world sees. What we say here certainly influences the SP. Let's go forward and make some money!
GO EDEX! GO TOM! GO CLAYTON! GO TONY! GO CALVIN!
Might I be bold enough to say: GO Tdog! (and that goes for everyone)
WC2