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Thanks. OK. Medical oriented.
I tend to look at a lot of stocks and pause when I come across one that looks interesting...
What confused me initially on the once over, was (MSN) co. info still describing iceberg water beverages, which, actually didn't sound too bad either considering the recent flap over many fancy bottled waters actually coming from tap water..
Meanwhile I did a little further looking also. From key dev:
Apparently fairly recent changes = some info sites haven't updated their material yet.
Infinity Medical Group, Inc. Begins Trading On Pink Sheets
July 11, 2007 Infinity Medical Group, Inc. announced that it has begun trading on the pink sheets under the symbol of IMGR.
Royal Alliance Entertainment Inc. Announces Name Change
June 06, 2007 Royal Alliance Entertainment Inc. announced that it has changed its name to Infinity Medical Group, Inc.
Iceberg Corporation of America Announces Name Change
August 06, 2006 Iceberg Corporation of America announced that it has changed its name to Royal Alliance Entertainment Inc.
This must be one of those deals where in they take over an empty shell -- reverse merger whatnot.
OK Mystery Solve-ed <g>
btw, their business plan sounds pretty good as well.
I'm confused. Is this a Beverage or Dental Co.?
from reutors:
"..Infinity Medical Group, Inc., formerly Royal Alliance Entertainment Inc., organized on July 3, 1989, supplies premium beverage products, including iceberg water, beer and vodka, which utilize only water obtained from icebergs as their core ingredient. Until June 1999, the Company conducted no business. The Company and Icecap Equity Inc. purchased Iceberg Industries Corporation (Iceberg Industries). Iceberg Industries was the first holder of a permit to harvest icebergs under the Government of Newfoundland and Labrador's water use policy."
http://www.investor.reuters.com/business/BusCompanyFullDesc.aspx?ticker=IMGR.PK&symbol=IMGR.PK&a....
FLKOF now at 2.42, up from 1.41 a couple days ago.
Amazing what a little news will do.
Actually, if they get a farm-in partner, we should start seeing valuation more in line with their probable reserves. I should think pps will be considerably higher, considering comparable oil sands valuations, for example. And these are pump-able reserves, unlike oil sands...
Nice that both ADR and actual stock are moving up together on vol -- good sign. Would have been nice to add more but guess I am happy enough to see green for the first time in a year on this... <g>
Still here. <g> Thought I'd post something so you wouldn't feel too lonely as moderator (thanks for "adopting" board btw).
Weird... crude is up. One would have thought we'd see some upward twitches in pps by now.
Well, they warned that they would need to do some equity to finance initial drilling. I hate to say this, but, they should probably enlist one of those "pump" newletters to coincide with trying to move off a little equity financing, which I surmise is what is happening with the pps now...
Trade Ideas Missed LOCM 06-29-07 apparently. Nasdaq stock, broke out and climbed all day Friday. A bit disappointing to have missed it...
Canned sample routine: "3 day breakout on rel hi vol":
http://www.trade-ideas.com/View.php?O=2000000000000000000000000_19_0&QCDHR=3&MaxSpread=10&am....
Try it again with history, still doesn't show up. Why?
drat XLPI no longer showing bid, ask or last on Scott.
I guess that means no longer trading online
re: "...after the close 43.7 MILLION shares went down at .0020 "
So, who buys those?
Or is that just MM internal shuffle action, or what? e.g. they are still going to need to be unloaded to retail eventually...?
e85 flexlube centers - pretty cool actually. Thanks for posting the picture. Looks even better than I imagined it. <g>
Now all we have to do is wait for a hurricane, or geo-political event, whatever, to spike crude/gasoline prices.
I think that the remaining key item holding everything back is price of a fillup. The main reason people will go E85 is if it is seen as the cheaper alternative. This would exponentially amplify the existing base of early adapters who just want the ability to refuse to buy crude oil products that enrich unfriendly foreign governments.
There are some other arguments against ethanol dominating down the road but near term, should be possible to get a nice boost, a relatively sudden inflation of e85 demand in the retail market. Down the road, new developments for ethanol could mitigate concerns about supply shortage of ethanol keeping the price too high. (cellulosic, abatement of tariff, domestic sugar, algae... )
Regarding the sudden increase in authorized shares:
I was just thinking, based on information intimated in the docket /complaint...
There were at least 10 initial investors who chipped in.
Just for simpicity, say a million dollars was raised. Now, company governance has decided to swap them out with convertible debintures (spel?)...
These would kind of be like private placements, wouldn't they?
Which don't require registration. The shares simply have to (be made to) exist.
Anyway with the press releases about planned acquisitions and so forth, looks like they will need, say $10m overall.
So there's a process here to get large block "investors" lined up. They've demonstrataed a willingnees to go the convertible route, so, to cover will need to tie up :
$10,000,000 / .005 pps = 2,000,000,000 shares
What a coincidence.
Or, going the other way, I wonder if there would be a way to figure max (virtual/eventual) dilution could be gotten away with...
Say, if they only needed $5 million then they can stop at .01 pps , oh wait, they didn't stop...
Or if still need $10m then need 4 bllion a/s with a tolerated share price collapse down to .0025 , hmm, could I be on to something here?
Thought I'd run this by a knowledgeable skeptic whose dd I find myself increasingly beginning to appreciate, the more time I spend pouring over all these sub-penny "gems".
But, ah yes, could this be it? In the rough. Someday.
"The world's largest cubic zirconium" <g>
deleted content - accidental double posting
doesn't seem to be way to delete whole message...
sorry.
I don't know.. vitamins?
I was surprised though to see that they seem to be turning a profit so far.
Isn't this one like kind of like Amway was where they have essentially some kind of pyramid marketting scheme: friends and family sell to other friends and family?
The name caught my eye because some people I know were swearing by, I believe, one of their products : glycemo - something...
On the other hand, if I were trying to be an amateur distributor for soap or whatever, I would probably want to have good things to say about it to whoever I met too...
Hard to say. I used to think NTRI would be a good short, waiting, waiting, but it keeps surprising me as well..
UCOI ..
As Carl Sagan used to say: "Billions and billions..."
Funny thing is, they have been on the verge of mining production. Real close now....
I just had an idea
Does anybody know the de-naturing chemical used for ethanol to basically make it not usuable a beverage?
Seems like whatever company makes that might be a potencial investment. A lot of it is going to be used.
Just read xlpi qtr report. Only 22 million shares? That would not be too bad. Dilution not such a problem. Just lack of revenues/profits as a problem.
If xlpi could just sell (more) stuff, maybe improve marketting in countries that don't have epa requirements, might still survive. Mexico would seem to be convenient. Wonder why not hearing any effort being made there?
Or, I wonder how hard to matket a (somehow better) de-naturing chem since thay apparently still have setup for liquids processing....
A denaturing chemical that also prevented corrosion would be something that coulkd capture a big market...
oh well.
re:"...We've also had a situation in which management has been dealing with some criminal broker..."
Sorry, could you elaborate a bit, post a link to article, story? What broker/management person(s) would that be?
Ethanol ads go on the air
(article)
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070402/BIZ/304020003
It's just another indication of the gov/industry "push" to make ethanol catch on with consumers. Liable to happen eventually.
Creating a national mindset takes time. For example, over the years, they finally got a lot of Americans to eschew meat and eat lots of starch/suger instead. American sugar market remains subsidized (compared to world sugar) so far as I know. Sugar forsted corn flakes: the all American breakfast.
Gee, now everyone is starting to get diabetes. What a surprise. Now watch for sugar to be downplayed since there is an alternative potencially more lucrative market for sugar, corn syrup...
When you start seeing wise cracks on situation comedy shows aimed at getting people to use ethanol the way they "punish" people for eating hamburgers, we'll know we are there.
If only XLPI can hold out long enough. I just hope CEO knows to circle the wagons, hold whats left of the fort.
re: "..please send your resume listing your experience, what you will do for XLPI and what you would like for compensation"
You may have thought of this but there are such things as internships. Possibly you could entice some young students interested in getting experiance in certain areas of the business to work for a while for little or no pay. Assuming they could learn something. And they get something to put on a resume. Since they're young, they probably don't care much about fringes like health care or life insurance and so forth. They would probably appreciate flex time and a fancy title though (which things by the way, don't actually cost anything).
The other thing would be retirees who would like to keep busy part time. They might even accept some stock for compensation. Plus they would already be covered by Medicare and have some income under SS, so they probably wouldn't demand top dollar. Allow, instead, for say, naptime at lunch break...
Here we go: Pair up the retirees, who presumably know something, with the interns, who want to learn something. Meanwhile you get some low cost help.
<g>
How can their net profit margin be higher than operating margin?
Or how can you lose money like crazy on gross, negative gross profit, then somehow come out hugely positive on net profit?
from yahoo epm key stat:
Profitability
Profit Margin (ttm): 1049.80%
Operating Margin (ttm): -130.38%
Strange stats on this one. Misprint?
re: "... have bought my shares from the London Stock Exchange directly under the ticker FOGL. (On yahoo, the ticker is FOGL.L) I would not buy FLKOF on the pinksheets because it is too thinly traded and not liquid. "
I bought mine about two and a half years ago as the ADR flkof since Scottrade didn't support foreign exchange trading (however, they now allow direct buying of Canadian stocks - at a comparitively huge commision premium, though: $29 "broker assisted" vs. $7 for regular online).
I have since learned how to trade thinly traded foreign ADR pinksheets. It can be done but one needs to monitor the price on the actual stock's home exchange, translate the currency based on exchange rate, then initiate a "Good Until Cancelled" limit order, be patient and wait. I find that is usually helps to "throw the broker a bone" of a penny or two (depending on pps) and that has been a pretty effective way to get an eventual fill at a decent price.
I was "fat, dumb and happy" when I bought flkof @ 2.25 back then, I've since learned my lesson. Actually I could have sold when it went up to around $2.90, but, that's how it can be with "buy-and-hold", one can end up sitting under water for long periods until the idea, hopefully, pans out.
At the time it looked like oil was going to keep spiking up, oh well. I think that it will again. But, the funny thing about crude now is that the market seems so ambivalent about supply shocks. For exmaple the hurricane, -sorry, cyclone, in Australia just shut in about .2% of world production ( vs. .5% for Katrina), but the oil markets haven't noticeably blinked. Go figure.
re: Falkland Islands Holding Company (FLK.L)
I looked at it around the same time I picked up some flkof ( over two years ago - my how time flies) but initially "blew it off" instead prefering a more pure play on the oil.
On the other hand, now that you bring it up, you may be on to something here. Sort of like selling picks and shovels to the miners in a gold rush as opposed to investing in the gold mining directly. They do seem to be the only game in town in regard to lodging, supplies, etc. which likely would see a huge upsurge in demand as oil industry people flock to the islands once oil work gets started in earnest.
Plus, I assume they still retain some share in flkof as a subsidiary, so there remains the supplementary payback of future oil revs. Apparently they started building up some infrastructure early on in anticipation but maybe too early, so they have realized return on that investment. ( Like me, my timing on flkof seems to have been a bit too early, not to mention not being yet aware of proper techniques for thin foreign ADRS). Nevertheless, a the good point to consider here is that the support/ services sector boost will likely precede the actual oil boost.
Sorry about a couple of inaccuracies in my initial post.
Per the der Speigel article:
http://www.spiegel.de/international/spiegel/0,1518,334165,00.html
"...searching for black gold in the rough and deep seas (up to 10,000 feet) of the South Atlantic seemed too complex and expensive, as well as being a highly speculative proposition."
10,000 ft. _is_ pretty deep. For some reason I was under the impression that it was shallower. I think that some of the claim areas might be, but apparently the propective large payzones are comparable to the GOM Jack find for depth. (Maybe slightly shallower?)...
Also, in regard to sheep and fish, it was actually sheep and squid. The depictation of a sheep on their flag struck me as a bit humorous, now second only to picturing the alternative of a stately squid on their national flag. <g> I guess the sheep has turned out to be the better choice since the squid have apparently petered out.
Thanks for the good links by the way.
Some people may recall the Falklands War which was between Britain and Argentina in 1982. One doesn't hear anything about it now but it actually got pretty heated with troops landing and Argentina firing off cruise missiles at British warships. I'm not sure but I think they actually sank one, if not, pretty close. One news piece remarked that US battleships would have been more durable since they weren't made out of aluminum like the British one that was hit. The USS New Jersey was being recommisioned around that time, also, I believe.
Anyway, I got to thinking, why all the fuss over a couple of obscure islands in the South Atlantic? The climate is poor. All they have is some sheep (as depicted on their flag coat-of-arms <g>) and a few fish. The terrain is mostly unfarmable rock and squishy bogs.
Well, what does most armed conflict seem to revolve around these days? Could it be oil? Is it possible that somebody back then was aware that there might be some black stuff hiding under those shallow nearby sea beds?
According to the survey data, it looks like there might be quite a bit, possibly comparable to the recent find in the Gulf of Mexico. The nice thing here is that, though it's colder, the potential oil would be nowhere near as deep. (theoretically a lot more accessable to extract using conventional off-shore drilling technology). Compare that to the Jack GOM reserves which are going to require billions and new tech to try to drill miles down to get at. On the other hand the presense of oil in GOM find is confirmed. Here, we just have good "indications". Of course, confirmation of estimates would likely provide a big boost to the share price, imo.
Researching the history a bit more reveals that there has always been some conflict historically over ownership, so it's hard to say what may have really triggered the major conflict, the official reason points to Argentinian political chestpounding and the need to distract the public away from local issues by the (now defunct) ruling military junta at the time.
In any event, Britain basically won and contimues to administer the area. Argentina promised to forego the use of force, but still voices a claim. But for all intents and purposes it remains firmly under British protection.
In regard to foriegn resource companies, there is an element of political risk to consider. There still might be a tiny bit here, but pretty insignificant compared to say, Nigeria.
Share price dipped after Nov. '06 when they did some financing. then recovered and started following oil up in the beginning of the year, then followed oil down lately.
This price area could be considered attractive if you believe oil will rebound. They are also slated to actually do some drilling over the next year or so. So there is also the need to weigh the odds of them actually making an early hit.
The company strikes me as being frugal about spending, for example shopping around for a rig, rather than acting like a kid in a candy store like some (reckless) small outfits when they finally get some cash. So that is also something to like about this co. (appears to have pretty good management).
re:gov't can be all over ethanol, but how does xlpi get any money?
I guess that's the problem. They already got (borrowed) a big pile of money, spent a little of it wisely, blew the rest. Now it appears they have bills they can't pay due to no cash reserve. They weren't performing, the equity used to secure the loan, collateral, if you will, has been "foreclosed", sold at public auction, in effect, perhaps comparable to a bank dumping a house after a mortgage foreclosure. They don't actually want to live in the house, they just want their money (back). In this case, I suspect that these big block outfits are pretty good at covering themselves by now, so, maybe they are done now. The equity financing door for xlpi, appears to now be closed, though.
I guess the question should be, how will they get _more_ money?
Revenues from sales of flex units:
The government could waive or fast-track approval for flex devices but one will notice that sort of thing only seems to happen when it benefits some potencial voting block or entity with ability for campaign contributions. There is the green factor but critics point out that ethanol currently uses a lot of fossil fuel to produce, true or not, it's controversal.
Which leaves the "farm" ( i.e. agribusiness) lobby. I noticed in an article on the president's recent tour to Brazil etc on ethanol, free trade, he is quoted as proclaiming "...that item is non-negotiable.." in regard to repeal of the .50+ tariff on imported ethanol. Until eth gets cheap compared to gasoline there will be no general public clamer for ethanol/ ethanol devices. So no help there.
I suspect that it will come, but, no political value at present. Who can say when the next catylist event will be. Crude actually went down again - who would have thought?
Sell some asset(s) off -
if there is anything left of value. How much of the stuff bought for the "pipeline" is worth what was paid or committed for? I can't help picturing our once-upon-a-time "pie-in-the sky" optimist ceo paying way too much for rights from other "pie-in-the-sky" stuff from other overly optimistic "entrepeneurs".
Hey - I notice Scott shows last price for XLPI at 0.00
After I find the infinity symbol on my keyboard I plan on putting a bid in for an infinite number of shares at 0.00 (I can afford that!) If it goes up at all I will be infinitely rich!
<g>
Remember the "six stages of a project"? We used to have this up on the wall of the engineering section at a corporation I used to work for. It also applies to pink sheets.
1. Enthusiasm
2. Disillusionment
3. Panic
4. Search for the guilty
5. Punishment of the innocent
6. Praise and honors for the non-participants
Only, #4 would be blaming shorters and people who sell for all our problems. But, I think it's a little like all the people defaulting on ARM mortgages now. Maybe a few were just too gullible, maybe even conned, a few managed to run a fraud the other way too, evidently, but most were probably just too optimistic, the risks were pretty plain but they chose to ignore them. I suspect xlpi is suffering the result of entering into risky financing (risky for xlpi & us shareholders not so much the lenders - who probably borrowed money themselve but just had slightly better credit, of ocurse they would dump/short shares, they never would have loaned out money if they didn't have various means of not losing out). Nobody forced us to buy, after all.
5. If I sell my remaining position for essentially zero, who am I punishing? me, i guess. I'm a bit surprised there hasn't been a hew and a cry through xlpi boardland here for the usual class action lawsuits etc. guess its too deserted. Perhaps too obvious it would be like beating a dead horse. Actually, the lack of "professional" bashers (and/or) pumpers has been a bad sign in a way. Not enough interest either way.
6. At least pat ourselves on the back for not buying more than we did. Whatever the amount, we probably could have bought more, how smart of us not to. (let's give ourselves a little "break" here)
All I can say now is that
1. Bill should put together a detailed report of just how bad off the co. is. Actual financial figures. At least shareholders would have something to work with. A basis for a possible decision to possibly buy more stock. Right now? Like they say, snowball's chance..
2. Outline a plan to implode the farflung grandiose vision projects down into a single point (suggest preserving xlpi flextech units). we would at least be on an even footing with the competition if we were not totally broke/unpayable obligations.
3. Wait for the spike in gas prices
4. Then, PR the heck out of the promise/benefits of flex tech.
There is potencial appeal: environment, cost savings to consumer, even patriotic: "stop buying oil from those foreign devils..." <g>
5. Raise frugally small amounts capital only through sales of shares to the public, no CD, etc package deals to investment outfits. It will be a trickle, slightly dilutive again but not endlessly dilutive.
Show how any new capital is actually growing revenues i.e. periodically put out financially detailed reports and operations reports (to shareholders).
6. Actually show some net profit. Here again, via beleiveable reports. maybe even get an outside audit, even via a cheap mickey-mouse audit firm would be an improvement...
oh well. spending too much time here posting on these wacky pinks. have to finish lining up some actual hopefully viable trade plans for tomorrow. the daily ritual...
Still can't resist reading boards on a couple of other pinks I have. With all the pumpers and bashers, these go beyond "story stocks" -- more like "drama stocks". Probably worse than the fact that most turn out to be money losers is the soaking up of time that could otherweise be spent on DD for thriving co.'s. Then again, people waste a lot of time watching bad TV, and money on tickets to so-so sporting events, bad plays, stupid movies, booze...
re NAKED SHORT
Well, that explains a lot of the downward selling flood on AURC lately.
The SHO list is all well and good but it occurs to me that it would be a tad more informative if it stated who is failing to deliver. Surely they (SEC) would know. I wonder why that never seems to be revealed in the list.
re: "We just need one stinkin' break!"
Well, ethanol stocks will likely make a comeback. XLPI is a kind of ethanol-play stock if nothing else.
The gov is behind ethanol. Pumps are quietly springing up all over.
Also, even if, especially if, the economy melts down a bit, that will mean people buying less new cars and more interested in upgrading their old ones. Critics of peak oil withstanding, oil will likely spike up at some point, simply on the basis of world event risk factor. I f the economy doesn't melt down, some new speculative money will flow back into the markets with a little coming XLPI's way.
The big break would be EPA certification.
On the other hand, that could be a long time, and whatever debt holder has been dumping shares will likely continue to do so at every oppurtunity until they figure that they got their money back.
Assuning the bulk of dumped shares are coming from some kind of convertible debenture, the converted shares will be used to cover, but XLPI will still have to pay the loan back, either with money - there go profits- or more stock (heaven forbid).
We could hope that the Singapore electronic outfit buys them out, or preferably joint ventures, at which point we have different management and shares in the Singapore based concern which then starts producing/selling the units with the production cost advantage likely enjoyed by virtue of producing in Asia. Assuming this outfit isn't broke, too. I am going to assume not. Asians tend to have lots of money these day, don't they? <g>
Positive things could still happen but it sure is a long way up to the top of the well XLPI's mgmt has dug for shareholders to reside in.
sorry, goofed on first try with message actual message to follow <g>
One thing to count on is that governments tend to promote their own interests, sometimes that can be worrying when taken to extremes, but in this case, since we're on the same side of the fence, so to speak, actually reassuring.
re: Polymet signing an initial agreement with Unico/Rob Robinson has 20 years of mining experience
Is That Polymet Mining? PLM is a well established mining co. ( and hasn't been a bad stock to own/trade either- I might add).
re:"...favorable partnership established through direct equity and/or production sharing agreements..."
So, we've established that AURC has something like this?
Forgive me if that has been covered already, I read about former state stuff they're buyng, taking gold to Russian bank, but, some of the long Russian names in the roster kind of roll over me, not sure if I'm able to make a connection to what we're talking about. ..some kind of "synergy" arrangement exists or is building?
2Create, you may recall a while ago that I asked about the situation with Russia / Resource companies.
I recall that you mentioned 75% Russian owned - "just the way Putin likes it".
One thing I'm not clear on -- did you mean 75% owned by a Russian Government entity or did you just mean 75% owned by Russian nationals?
In the past, I recall reading in various world news articles that with oil (e.g. YUKOS, etc.), it means now all must be actual government majority owned.
Is it the same with mining ? Or doesn't it really matter much (Russian law-wise) who owns (majority of shares)?
You've seemed pretty "up" on Russia knowledge so just wondering if you knew...
Funny I, thought that I was the only one following this one. It currently is in my "whiz-bang" category. The main problem I have with it is figuring out if it can actually work...
And gee, can't somebody fix the name heading?: It's supposed to be "Turbine Truck Engines", isn't it?
OT: The main reason I am replying to you here is in reply to your prior private email, apparently I can't reply priv.:
re: "Let us know what you find out on tin! I am interested in tin" .
Started a board for PTTMF, you might want to check out.
There was an article recently about the Indonesian government "cracking down" on scores of independant tin miners. After that, only those issued permits would be allowed to export.
The reduction in exports apparently has been supportive for tin prices.
As it turns out, Timah seems to be the only one qualifying for a permit so far. Quite a coincidence. <g>
Regarding the chart, the stock PPS has done well, however, it now looks a little toppy to me, one may note that the upward momentum has slowed and is bouncing off resistance. It could be prudent to wait for more of a pullback or for the trend to re-assert itself.
(m2m) well, that's something... <g>
xtrapink - thanks so much
Now it looks like I've got some DD to do. <g>
OT ...Tin set to rise as demand grows
Smart Investing Market Insights: Tin set to rise as demand grows
Friday, March 9, 2007
Could someone watch this short clip (assuming it works for you) and please post the name of the tin miner they are going to presumably promote as suggested by the title? Perhaps someone has even seen it already...
I've been looking on my own, but so far any relatively pure-play tin miners have turned out to be private.
Normally I wouldn't go begging for help, but I can't get the blasted TFN Video to run on my setup. Probably because of dial-up connection. Usually if I wait long enough, but this thing just really doesn't want to run for some reason.
This is kind of off topic but on the other hand, we're all presumably interested in mining topics, junior miners, and I am aware of a few video capable experts here. Also, surely AURC is not going to be the only stock in one's portfolio (I least I would hope not), AURC has other minerals in their stock pile, does that include tin?
and.. it's now the weekend so not too much going on otherwise...
If someone is getting bored, here's something that they can do.
Following is the link.
TFN Smart Investing: Market Insights with Krista Das
Guest Expert: Christian Dehaemer, The Red Zone
http://www.taipanfinancialnews.com/video.php?channelID=2&showID=100
Christian Dehaemer is usually pretty astute as well.
These appear free in my inbox periodically, so, not subscription violation.
I would warn to do so at one's own risk. Taipan Financial Network is a pretty big established newsletter outfit. Therefore I am going to assume the problem is with my system and not something bogus in their video. Though the last time I tried to run the video I got impatient, started pushing all the various buttons and it seemed to lock my system up. Finally gave up and rebooted.
You could also try to go to the taipanfinancialnews.com ot TFN website first and then look for the video, might be safer. I don't know... I suspect it will probably work ok right off for someone with a high-speed connection.
Time to Production
I do a lot of reading/research lately on jr. miners. Just listened to a silver guy talking about time to production on jr. exploration co.'s, after they get some property.
Year 1 Locate Drill targets
Tear 2 First round of drilling
Year 3 Resource Drilling to prove out rsc.
Year 4 Pre-feasability study
Year 5 Secure Mining Permits
Year 6 Environmental Impact Study
Year 7 Final Feasability Study
Year 8 Raise Money to construct mine, roads, etc.
Year 9 Spend money to construct mine, roads, mill. etc
Year 10 Seek and hire people to run operation
Year 11 Start production
Seems to me that 1 thru 7 can be checkmarked off - ok done
Item 8 and 9 are pretty much there, everything crucial already built, just some upgrades, nowhere near as much money needed as starting from scratch -- well underway.
10. Already have enough people to start, apparently.
11. Pretty much there....
That sounds about right.
Although gold was still somewhat high in the eighties, compared to the seventies, the significant thing was the trend at the time.
It hit an all time high around 1980 then dropped about 40% from 1980 to 1981. Then continued a general downtrend all the way to 2001. Very bad for junior miners. Nobody was buying gold /pm.
http://66.38.218.33/scripts/hist_charts/yearly_graphs.plx
Actually UCOI 's timing was pretty good on the aquisition, perfect, couldn't have been better. imo
re: "...but i still would rather know nothing then be fed a line of fluff."
Guess I'm the opposite. I'd like to see some kind of pr every week, or whatever, as often as possible. The degree to which they are vacuous or not helps one make an ongoing determination. Otherwise we are just completely guessing as to everything.
I would guess that we have reached total dilution. Billions of shares have been dumped with no one willing to take the billions more waiting. That's what I'd like to be able to determine. What is the point of total dilution? Insufficient information.
I'm guessing no progress made with legislatures or testing.
I guessing that nobody wants to buy or handle lubrillon.
I'm guessing that there are technical problems with the flex units and that the Brazillian patents are either simply exclusive rights to use for manufacture in the US, or otherwise limited in scope, not wholly owned.
I'm guessing that the company has no money to pay for ongoing operations, nor to bring suit for infringement even if such cases might have merit. However, looking at pictures of the competing flex box it looks like it might work on a somewhat different principle.There probably are many ways that mixture can be modified on a vehicle system so relying on patents is probably not a good strategy anyway as opposed to superior product, price and rapid market penetration.
How are the poor remaining employees doing? Are they still working without pay? How will they eat? Will the next video show a bunch of skeletons propped up around the table, having perished after the vending machines ran out? ... <g>
On the other hand, xlpi still has its foot in the door and is the only publically traded company in this niche. Theoretically still tradable in that the stock hasn't been halted or cancelled.
No matter how bleak their situation is, there are other worse pennys out there. Thing is, nobody knows how bad the situation is (maybe even not as bad as the worse case imaginable). Because potencial investors have no idea, there is no way to know if the stock has truly hit bottom yet. Consequently, no one is willing to buy. Hiding the (presumed ugly) truth behind a veil of silence accomplishes nothing positive at this point. imo.
too bad they're not public. (competitors)
It would seem that they don't need to "leverage" themselves into oblivion.
One nice thing about the flexbbox site - "find a pump". Discovered there is now one just 7 miles away and several more within 20 miles.
xlpi just hasn't been much fun lately since the tradable volume dried up. One 8.39 million block at the open, then nothing.
Occasionally a volume dry up can signal a reveral but in this case... that would be an extremely optimistic interpretation.
Now @ 5.50 was around 4.75 when I started this board.
Another nice vol relative spike today. Thin volume between trades as usual. Could be a good time to take some off the table, assuming anybody bought around 4.75
One of the few green stocks today, who woulda thunk it <g>
Oh, I get it. Humor aside
Dang. Almost sorry I said anything. After GFCI I have so had it with reading between the lines of obfuscated press releases.
The implication is AURC could be doing like Gold Corp, or is it Silver Wheaton, one of them, anyway, not actually producing gold per se, but buying another entities production then turning around and reselling it...Something like that.
Well if they bought it a while ago can still make money that way, gold is up. Although without some special arrangement, which I think GG or SLW has, easier just to buy GLD shares though.
Although initial read of the PR, first impression is that it is from the mining site. Now, maybe not.
It _did_ get awfully quiet in here all of a sudden. C'mon guys, cut it out. You're starting to make me nervous.
It's not clear why they would do that (if they did that).
On the other hand, It might not be impossibly hard to smelt metal in smallish quantities, more or less manually. Hard to say...
Time to get some sleep...