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John, can you refresh us as to what the connection was between US Minerals, the sellers and RSDS?
Loofman
You da man, lol, lay it on us
It also appears that the claims in question are the same claims originally announced in the original deal? Do we have an answer as to where the other 8 (I think it was 8?) claims may have gone?
So you are saying John...
That Mr. Berman countered with another deal, which was for $10k cash and 16,666,666 shares of RSDS stock to Brandt and Wilcox each, but Floyd Bleak was not a part of this deal and that Mr. Bleak remained 1/3rd owner of the claims along with RSDS, and kept the 80mil restricted stock?
So what happened next John?
Can anyone put a handle on the value of 800,000 shares at the time of this transaction with Mr. Bleak?
Loofman
petty cash, while I'd love a response, the best one I can think of is one that is made publically. None of us should know any more information about RSDS than any other investor. Even if the CEO does respond by sharing common knowledge info about the company, it can still be misinterpreted, and even altered when passed on by the recipient. In my attempts to contact Mr. Berman, I admit that I did so to express concerns or other matters of an emotional nature. I would imagine, in reading my emails, he felt best not to go there. But, I would have appreciated a thank you for your concerns response. Unfortunately, he may have had 500 a day of my type of emails, and maybe fortunately for us, he chose to run his business instead.
jmo,
Loofman
Question John
"So in summary, we have a situation where Floyd Bleak negotiates a deal on behalf of all three equal one third partners of the Pay Day Claims for $40,000.00 cash, and an undisclosed amount of stock."
How do you know there was stock involved in this and at what point did you find out about it?
Loofman
abe, I believe he was quoting me...
and to clarify, I have seen his statement as a part of his signature, but I remember posts where his signature was not applied, and I have rarely seen in his actual ongoing statements, that it was his opinion only.
The bad part of the putting IMO in a signature, is you can turn it off and on at your convenience. So, you can say whatever you want without disclosure, and then when someone calls you to the table on it, you put your signature back in and all your past posts have it in it as well.
jmo,
Loofman
petty cash...no I have had no response. eom
No issues. eom
I would certainly like to know what iceman/STOCKDEVIL'S agenda is, other than what my personal assumption is.
Ice, can you provide proof to your statements that you would be willing to say in front of a judge in a court of law?
If so, for the sake of the shareholders of RSDS, please provide that proof here and now...otherwise I would hope the shareholders of RSDS who have been contacted by iceman/STOCKDEVIl, and his associates make a strong case to Ihub and to authorities, that we have a problem here.
jmo,
Loofman
Yes. eom
I for one have been VERY concerned about the many statements you have made about the company I have invested a good sum of money in. For a person who has tried to present an image of yourself as in the pursuit of facts, a great majority of the information that you have posted about RSDS has been conjecture, assumptions, and imo with a personal agenda behind it. You have not backed up any of your claims with proof in fact. Your board associations with certain posters and the dialoge you have had with them also greatly concerns me as well as many other here. A couple of your associates have PM'd me and made strong inferences that RSDS is going to fail, and I am going to lose my investment, without any proof of facts. I did not ask for their solicitations. Why would ANYONE pm someone they don't know, tell them they are going to lose their investment, and continue on the message boards to trash talk RSDS as a scam and not back any of their discussion without FACTS. On top of all this, many of your posts make extremely strong statements about Russell Industries, it's CEO and you never express that it is YOUR OPINION ONLY!
jmo.
Loofman
I and I know many others here who have been reading the exchanges that iceman/STOCKDEVIL has made with various posters on this thread would really appreciate some follow up to your comments John.
Loofman
I'm always for honest cordial discussion concerning the facts when it comes to one of my investments. I have no doubts anyone else would feel any differently.
Loofman
John, I for one would like to have this on public record, if you feel it is pertainent to RSDS and the recent events being discussed here on this board and the F & F board.
Thanks,
Loofman
Hi John, lay it on us...I appreciate interesting DD.
A Uranium Feeding Frenzy!
By: Sean Brodrick
From - uraniumseek.com
-- Posted Wednesday, April 18 2007 | Digg This ArticleDigg It! |
Money and Markets Wednesday, April 18, 2007
Dear Subscriber,
You think the fact that uranium prices have more than doubled in the past 12 months is something? Just wait! I hope you have your safety belt on, because this could be the ride of your life. Here's why …
There's a feeding frenzy going on in Australian uranium stocks right now. For example, two of the best uranium companies in the world, Areva and Paladin Resources, fiercely bid against each other for another company (and its resources).
Larger miners are generally very conservative. So the fact that these two companies are throwing so much money around, tells me that uranium — which recently hit $113 per pound — has a long, LO-O-O-NG way to go.
Plus, the latest news on a second flooded uranium mine came out — it looks very bullish for prices. And if that's not enough, another brand new development on Monday could shift uranium prices into overdrive! I'm talking about the fact that uranium futures will soon be available right here in the U.S.
More on these two developments in a moment. First, let me tell you a little more about the feeding frenzy …
A Uranium Soap Opera
From Down Under
Australian miners are waiting with baited breath for the Australian Labor Party to hold its Congress at the end of this month. The group is expected to drop its opposition to new uranium mines, which would signal the start of a new uranium boom in Australia.
However, the bigger companies aren't just sitting on their hands … they're busy snapping up smaller fish. Right now, Summit Resources is one of those fish. It's sitting on at least 37.9 million pounds of uranium … probably double that. And it expects to be producing uranium yellowcake (and vanadium cake) at its Mount Isa location by mid-2010.
Paladin, one of the bidders, already bought out Valhalla Uranium, Summit's partner at Mt. Isa. Summit promptly sued Paladin. So Paladin just turned around and offered A$1 billion (about US$832.6 million) for Summit!
Summit's response: "No way!" And then along came a white knight in the form of French nuclear power giant Areva. It signed a deal to control up to 18% of Summit for $292 million.
Why was Areva interested in jumping into this knife fight? Areva needs good, near-term producing mines. After all, its Canadian subsidiary has a 37% stake in the Cigar Lake Mine that I've been telling you about — where a disastrous flood pushed back its uranium production by at least two years.
With Areva galloping in to the rescue, Paladin changed horses. It sweetened the deal, raising its bid 22% to A$1.2 billion. Surprising just about everyone, Summit's board agreed to the deal.
Now, I still think they're selling themselves cheap. Mind you, I recommended Summit to my Red-Hot Asian Tigers portfolio two months ago and they didn't do too badly. Yesterday, I told them to exit with between 41% and 61.7% gains … on one stock … in just two months … without futures or options.
I'm not trying to toot my own horn … I'm just trying to show the explosive potential of these uranium stocks!
And this Summit deal is just the latest in a string of mergers in the uranium industry: IUC merged with Denison … Denison then bid for OmegaCorp … Sxr Uranium One gobbled up larger rival UrAsia Energy … the list goes on. By my count, there were about 16 mergers and acquisitions in the uranium field in just the last year!
Again, these smart operators wouldn't be paying top dollar for uranium resources unless they thought uranium prices were headed much higher. And you know what? I think they're right!
Latest News from Ranger
Mine Signals Higher Prices
Previously, I told you how the Ranger Mine in Australia, which produces a tenth of the world's uranium supply, was flooded by a cyclone, making it the second water-related uranium mining disaster in about five months. [Editor's note: See "Uranium tops $90 a pound!"]
Ranger is owned by Energy Resources of Australia, and the company already warned that production would suffer. On Monday, we got the details — ERA said first-quarter output of the fuel fell 28% to 1,006 metric tonnes from a year ago.
What's more, the company says that output will fall next year as high water levels restrict access into 2008!
So the uranium supply/demand squeeze — already tight — is going to get much tighter. In fact, some analysts say mine supply won't meet global demand until at least 2017.
You read that right — that's a 10-year bull market!
Now, let's talk about the new development that could be like rocket fuel for uranium prices …
Get Ready for U.S.
Uranium Futures!
The New York Mercantile Exchange (NYMEX) said on Monday that it signed an agreement to introduce uranium futures on its electronic platforms next month.
NYMEX Chairman Richard Schaeffer told reporters, "We expect to create a benchmark contract for this important and underserved global market."
I think this is where speculators are going to get involved in uranium with both hands. Uranium futures could put us at $500 per pound in the blink of an eye! Because they'll give hedge funds a way to trade in and out of uranium easily.
Traders and speculators might not trust uranium futures at first. They'll be as illiquid as granite. But once things get going, man oh man, we could see some altitude very quickly.
Further down the road, I'd expect to see a uranium ETF in the U.S. Keep your eyes peeled for that one. It would be yet another force to power uranium prices higher.
Get Your Own Piece of
Uranium's Bull Market
If you want a pure way to play rising uranium prices, check out the Uranium Participation Corp., a Canadian fund that tracks uranium. The symbol on the Toronto Stock Exchange is U. In the U.S., the symbol is URPTF on the Pink Sheets. (On Yahoo, that would be URPTF.PK.)
Uranium Participation Corp. trades at about an 18% premium to its net asset value. I look at that as a vote of confidence that the price of uranium will go at least 18% higher. And as I told you today, a lot of smart people have every reason to believe prices will rise sharply and quickly.
Yours for trading profits,
Sean
Build long-term positions in Uranium stocks (an older article)
By Adrian Day
Adrian Day Asset Mgt.
Uranium has some of the best supply/demand fundamentals of any resource; despite the strength in prices of both the commodity itself and uranium stocks during the past couple years, the long-term trend will see much higher prices yet.
Uranium has been one of the strongest of all resources recently, with the price almost tripling in the past two years. After a few months of consolidation, the price has started to move again as we approach a more active purchasing season, with the spot price up to $30.50 a pound.
Uranium is also a very thin market, dominated by a handful of suppliers and not many more buyers; many months, total trades number in the single digits. The spot market, in fact, accounts for only about 20 percent of uranium traded. The current term price is $32, a premium as consumers attempt to lock in today’s prices for long periods.
Patience Prevails
Uranium moves in long cycles; the last boom was more than 20 years ago, and it’s only recently come off a period of de-stocking after the Cold War, which saw extraordinary secondary supplies hit the market. During that period, there were few new nuclear facilities to boost demand, so the price declined, and little exploration or development was undertaken.
All that has changed, with demand from new nuclear facilities boosting demand, even as supplies, from mine production and secondary sources, decline. Nuclear power plants are most likely the energy wave of the future; relatively low-cost on the operating side, environmentally friendly, notwithstanding the waste disposal problem, and reliable.
Governments and the public are beginning to recognize this. Opposition to new facilities is likely to be much more subdued going forward.
Many environmentalists have also publicly recognized that nuclear power is the cleanest of available economic sources, and they’re supporting nuclear power over coal and fossil fuels, though vociferous opposition remains. Governments also are supporting nuclear production.
Australia is allowing new mines in the Northern Territories and has urged state governments to review the ban on uranium mining; it has scrapped the ban on exports to China.
In Canada, several provinces have moved to push the industry forward; Ontario is reopening select shuttered nuclear plants and British Columbia has lifted the ban on uranium exploration and development.
In the US, President Bush has urged development of the nuclear industry; 15 plants have received extended license renewals; two companies (Entergy and Constellation) are planning the first new nuclear power stations in 30 years; and the government has lifted restrictions on nuclear power in India.
The British government likewise has called for development of the faltering nuclear industry; there’s an active debate in Germany; France is planning new facilities; and Finland is now building the first new plant in Europe since 1986.
In all, 30 reactors are under construction in 11 countries, and some 130 new reactors are expected during the next 15 years. Looking ahead, China alone has plans for up to 40 plants, while Japan, India, South Korea and France have announced plans for new facilities.
Nuclear plants have large capital costs, but once running are lower cost than alternatives. And once operating, they’re relatively insensitive to the cost of uranium itself and certainly can’t substitute another fuel.
Supplying Demand
The result is a huge gap in the next 10 to 15 years between expected requirements and production from existing sources, plus anticipated secondary sources. Currently, approximately half of supply come from mining, with the balance from stockpiles and tailings.
The World Nuclear Association estimates that by 2020, total supply will be only half the expected demand, 40,000 tons versus 70,000 to 80,000 tons of demand.
The enormous gap arises from an over-reliance on inventories and secondary sources in the past decade, and the long lead times required to permit new mines and bring them into production.
It’s only recently that exploration has picked up. Other than Cigar Lake in western Canada, there are no major projects moving to the development phase. Meanwhile Russia is likely to export less going forward as it holds back material for its own generating needs.
To meet his new demand, there will have to be fresh supplies and higher prices; many of the properties being explored now will have to come into production.
Significantly, China isn’t even begun to tie up supplies for its own needs as it’s been doing with oil and many other resources. Any new supply will find ready buyers and development projects ready partners.
Many companies are looking at old projects explored in the last boom but never brought to production before the boom turned to a bust; most were abandoned or put way up on the shelf.
While tighter resource definitions mean historical numbers frequently overstated the known resources, technological improvements in exploration and development mean some of these can be brought forward more quickly than in the past.
For now, Canadian exchange officials are cracking down on the use by junior explorers of historical numbers, leading to some softness in stock prices and a buying opportunity.
Many of these properties are in the US. Though Canada is by far the world’s largest producer today, the US is the largest cumulative producer.
Yet there’s been little recent exploration. In 1979, at the peak of the last boom, there were more than 100,000 holes drilled looking for uranium; during the past 20 years, annual drilling has never exceeded 10,000. This equates to a rich hunting ground.
This, then, is a good time to be building long-term positions in uranium investments, but also time to be selective. All legitimate uranium stocks are trading at significantly higher prices than a year or two ago.
In addition, given the commodity price strength in the last year or two and the market hype, there’s been a huge increase in exploration companies with “uranium” in their name.
Pick stocks that will definitely respond to any move in the sector, but which also have relatively low downside. The ideal are low-maintenance stocks that don’t need constant watching and are unlikely to deliver negative surprises.
This means emphasizing balance sheets and management. In this sector you can miss out on some of the best stock rewards that might come from more speculative investments because even conservative stocks will reward investors handsomely if we get the broad sector right.
We’re focusing on four main areas: Major producers will benefit from higher prices Cameco Corp. (NYSE: CCJ) is the world leader, management would have to try very hard not to benefit from higher uranium prices. Buy Cameco below USD55.
World service leaders will benefit from increased demand and market activity. Areva (Paris: CEI) is a world leader in nuclear plant construction and management. It has lots of projects in the pipeline – including some in China – and a strong balance sheet.
The company is also a major recycler. To be privatized by the French government, it currently trades on a “when-issued” basis. Other global leaders in nuclear plant construction (notably GE and Siemens) aren’t “pure” nuclear plays. Areva is a buy up to EUR451.
Top exploration companies have the goods and are likely to bring properties into production. Strathmore Minerals (TSX.V: STM), with technically strong management, lots of properties, and a strong balance sheet, is arguably the best of these. It has many projects in the US that were actively explored in the last boom.
One, in New Mexico, is currently under permitting, while a couple more should be moving toward permitting soon. The current price is attractive, the stock having declined recently as low-priced warrants expired (leading, as always, to some selling). And the company revamped its historical resource numbers. This clearly is more speculative than the first two picks. Strathmore is a buy below CD1.70.
Select exploration companies. We like three exploration companies, active in a range of metals, but with some uranium projects: Virginia Gold Mines (TSX: VIA), one of our top picks for an exciting new gold discovery, with great management and a solid balance sheet; Altius Minerals (TSX.V: ALS), with numerous joint ventures in Newfoundland, as well as a royalty on Inco’s Voisey’s Bay nickel mine; and Bitterroot Resources (TSX.V: BTT) – the most speculative of the three – partners in a joint venture with Cameco.
Drilling will begin this fall, and any success would reward shareholders well, but this one clearly requires watching for exploration developments; don’t chase the stock. Buy Virginia below CD7.75, Altius below CD4.25, and Bitterroot below CD0.39.
A basket of these stocks, combining the senior producer and service company, with one or two exploration companies, will reward the investor very well, both in the short term and during the next five to 10 years.
Editor’s Note: Adrian Day’s article appears in Personal Finance newsletter, P.O. Box 3808, McLean, VA 22103, 1 year, 24 issues, $97. Adrian Day is president of Adrian Day Asset Management, which manages money for individuals and small institutions and publishes a premium email advisory service, Adrian Day’s Global Analyst; contact Adrian at GlobalAnalyst@AdrianDay.com or visit www.AdrianDay.com.
moyinthbank, LOL...
I did not think about the drunk aspect for Mr. Berman. I'll be looking into how to get a few cases of Old Loofman Kentucky Korn Licker sent his way!
Loofman
Welcome tmcc...trading range for the past couple of days has been .008 - .0011 there about. Getting in below .001 is always a possibility. There are a fair number of long holders here, and many are anticipating the end of the 504 dilution in the near future. 6 to 12 months looks good for a longer term play, .05 some including myself are hoping for. Of course anything goes in the penny market, but fairly favorable RSDS sentiment here currently.
jmo,
Loofman
makesumgravy with bourbon...
sorry it just sounded good, but back to reality...
nice post makes. I and I know many others here appreciate getting a better perspective as to where the CEO stands, and understanding your opinion on investing in RSDS.
Got to go...I'm Busy!
Loofman
OT: Amen and Amen!
God is great - ><>
I'd be prouder than a critter makin it across the highway to share my idears on fixen up your future abode.
Thanks Makita
Loofman :)
OT: Sum feller jus sent me one of them electonik letters and say'd sumpthin bout me jus ain't right! Well sir, I knows I ain't always right, but I knows whin I'm not wrong. You caint go wrong with a warm missus and a good jug of Old Loofman! Oh yea, RSDS ain't bad either, I'm a thinkin.
You be a smite luckier than yours truely...
I tried real hard to make them boys give me sum at .0009, but they jus ignored me, and I even offered em a couple of jugs of Old Loofman Pure Kentucky Korn Licker, with extry kick fer nuthin.
OT: Sho is quiet round these parts...
Sum revnewers came a callin today. Told em I ain't got no revnew, so I gives em sum corn licker and they's went away. Seemed perty happy bout it!
Hope all you fine folks find you a good jug of hooch and enjoy smoochin yer loved ones this weekend....
Loofman
I pray that y'all make a nice profit with RSDS. Especially folks like Righty, Abe and John to name a few who have worked so diligently to find the facts about RSDS. I know that nothing is for sure in life, but I know decent hard working people when I see them and I believe they deserve to be rewarded. America is about hard work, being honest, and sharing our knowledge. Good things come to those who wait! Patience is a virture...we will prevail.
Loofman
Makes, you know that I have been optimistic about RSDS as an investment. Based on my studies of other similar plays, ETIM in particular, I'd be estatic if we could see .03 -.05 by May. I do think this might be a bit overly optimistic though. I'd love to hear more as to why you or others believe this could happen with some support. The following is my hopeful expectation:
1. When ETIM announced the end of their 504, their stock ran up quickly to about .008. If we were to compare them to RSDS in outstanding shares only, ETIM has about 500mil more o/s than RSDS. So, if we estimate the possible s/p increase just on this alone, RSDS could see somewhere above .01.
2. I think RSDS has a bit of an advantage over stock plays like ETIM when it comes to the sector that it is in. Uranium is one of the hottest sectors right now in investing, and RSDS is probably the cheapest opportunity available. So I can see topping any run with this kind of interest with another .005 - .01 taking the price to .02 cents.
3. I cannot factor in the value of the mining claims other than what has been discussed. From what I have ascertained, they appear to have strong potential. If these supporting facts are revealed between now and the end of the 504, then this should help propel the s/p higher than .02, especially considering how many eyes are on this company and the fact that it is a penny players dream if this were to be true.
Again, I'd love all supporting ideas, examples and input as to how to place value on our company.
jmo,
Loofman
So that most normal people can get back to reality...
It is my strong opinion, there is something in it for the ihub posters who have been investigating RSDS and this board. It isn't love, it isn't for the good of the people, it has to do with the pocket book. As these individuals try to cast doubt and suspicion about non public events going on with this company, the stock price suffers, the investors suffer and I can tell you this kind of activity is illegal. No one comes knocking at your door, before you have been notified by the proper authorities to tell you to sell everything you have before any facts or due process has taken place. These individuals have done this here. This has happened to me on more than one occasion via PM's, where certain individuals have suggested I need to get out, and that I have lost my investment. I know many of you have had the same intrusions. I have documented every email and every possible incriminating message on this board that I could. It has been passed on and into good hands, and will be used as it becomes necessary. I hope all of you who have been affected or should I say infected by these individuals, take care of your business and keep records of these events. In the mean time, I remain fully invested in RSDS and will continue to do so until such time credible publically stated factual proof is presented to us that would change my opinion. I hope that the management of Ihub is concerned about these activities going on within their product which I have paid for, and live up to their own rules of conduct and integrity to investigate this and to stop this.
jmo,
Loofman
Can overseas short positions on stocks like RSDS be covered afterhours or do they need to cover during regular trading hours? Does the same apply for neked shorting? Anyone know?
tia,
Loofman
Righty I'll enjoy reading the facts and not just hearing the constant slanders, "RUMORS", open ended statements and assumptions made by some of our malicious friends who want facts but don't post them themselves. Thank you for working to get the facts on record!
jmo,
Loofman
I find it amazing that the moderator of the F & F board who claims the importance of presenting the facts, posts unjustified, slanderous crap like this -
Posted by: iceman1co
In reply to: Blue_Horse_Shoe who wrote msg# 10029
Date:4/25/2007 3:14:54 PM
Post #of 10030
Looks like its unraveling as we speak.......and I heard a RUMOR that the mr.berman is spending a lot of time on the IHUB board.?? shouldnt he be working? I guess when you look at all the filings on record..I guess you could say that he is!!
This is a fact? Folks this is how you know you are dealing with malicious deception and a hypocrit to say the least. He didn't even qualify this stating it was his own opinion. I call it slander. If he knows who Mr. Berman is posting as on the RSDS board, he better state the fact now. Talk about credibility...it's not there my friends!
jmo,
Loofman
Say alice, you sho look alot like my missus...
hey hon...that be you??? Mighty fine regards to you in the new job. Just don't forget to fix me my viddles when you git home.
Never mind it ain't you, ma just slapped me on the back of my big melon.
Congrats anyway,
Loofman
So what are y'all saying bout that 504? What day do you think I can get my doors and winders out of layaway? I'm not a needin too much, me and the missus just don't like swallering flies at night, and the possums keep on poopin in our bed.
loofman
some are saying it is near. There have been some decent calculations made here in past posts. I think Abe? did these. You might look back. We do know the 1 year is up in August. We also believe that the company is more that 2/3rd's of the way there.
The company stated a goal to acquire 200 mining claims in 2007, and as of today says it has 204. There's just enough info here to indicate we are close.
jmo,
Loofman
Is it bounce off the 8's time again? Is it time to get scary with a buying binge? Which way will future events unfold? Only the buyers and sellers know...and with a nice short position at the bottom, that make things even more interesting.
jmo,
Loofman
Regulation 504 allows a company like RSDS to raise $1 million over a period of one year to use as capital to help it grow the company. Russell has been using these funds to purchase a portfolio of 204 mining claims (current number). Once the funds for the 504 are done, there is a chance that the s/p could regain strength as the dilution ends. ETIM is a good example of what can happen when a 504 is done.
jmo,
Loofman
Loofman's locked and loaded and RSDS looks like it is too.
jmo
Got all my good til cancelled's in and all my buy til cancelled's in, how bout you?
Loofman