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Share price valuation = .056 - Check my math...
O.K. I am re-motivated after running the following numbers --
Original 54 mining claims proven reserves value (using $113 lb) = $61,000,000
$61,000,000 divided by 54 claims = $1,129,630 average per claim
$1,129,630 x 200 claims = $225,925,926 total, using similar average per claim valuaton
$225,925,926 divided by 2 to take out any irrational exhuberance = $112,962,963 conservative estimated value of all proven reserves
$112,962,963 divided by ALL 2 billion shares = a share price potential valuation of .565 cent a share.
Yep, enthusiastic again...and adding.
booooooooooooyah????
Loofman
Float: 474,788,419 per ibox. eom
John,
your job looks like a tough one. You can see why they won't let me carry a gun. If I were in Iraq though, I might scare the bad guys to death.
best regards,
Loofman
I must say that mixing caffine, alcohol, and meds causes one to do strange things...
I bought 2.4 mil more just a while ago. I hope the rudder is stuck in the right direction, cause I'm wondering if I'm seeing things correctly. LOL
I hope my minister is available today. I'm going to need to be forgiven for my sins.
Are there any hammocks in the hold of the ship still available? I'm going to need to sleep this off...
Loofman
Makes please don't make me walk the plank for my tyraid today.
I promise not to drink all of the booze below deck and I will scub the top deck on my hands and knees. This ship will shine if I can have anything to do with it.
Loofman
Makes I was referring to lies as in posters who post misleading information in order to manipulate the shareprice, i.e., a recent poster some of us feel who may have tried too.
Loofman
here's one - no charge. eom
The bourbon and medication have finally kicked in...
I apologize for cluttering up the board with my dissapointment today.
Please keep the ship steering straight! I'm going below deck to find some more bourbon.
Loofman
show-da-money...
good post, I appreciate your common sense and thank you for saying something positive about my character.
You command my respect...but I'm seeing a share price dropping from a high on Friday of .0022 and and a high of .0075 a couple of months ago. The bid is now sittin at .0012.
I do understand about patience. "Patience is a virtue" is listed in my profile.
the very best to you...
Loofman
So makes are you saying if we express our frustration or doubts we should be classified as a flipper or a basher? Like all things I think there is a reason for good and bad opinion. Lies on the otherhand are a problem for me.
Today I am mad and I am venting on a board that should hear why. Those who don't want to don't have to. I'm glad that many here still feel good about RSDS. I'm looking for that! I want as much good info as I can get, ESPECIALLY from the company.
jmo,
Loofman
show-da-money that works great as long as the shareprice gets much higher than where it is now in a year. Otherwise when those restrictions run out, RSDS is going to be flooded with alot of restricted share sales and the price may be much lower than it is now.
jmo,
Loofman
briboy, I have alot of money invested in this company.
By alot, for a penny stock it is alot. I would like to buy up what I think the potential is here too, but as long as the company does not seem to support getting the share price up and with some stability, and has to continue to add to the share base, how many shares are we going to have to buy?
jmo,
Loofman
abe I do know that...
that's not the issue here for me. The problem for me is the timing, the number authorized, and the lack of explaination. I've watched this stock move up and tank down a few times. I'm hoping this is not the case here one more time, as I am concerned if it is, the shareprice will not rebound back out of the 000's and the company will have to find a way to use all of those shares and possibly even more to stay afloat.
jmo,
Loofman
I'm sorry folks...
what a way to attact investors, when you seem to have alot of eyes on your company. PR on a Monday morning saying your are increasing authorized to 2 billion shares, when you know that is a psychologically negative action in investors minds. Especially without any further explainaton as to why so many extra shares when the existing 504 is nearing completion.
At least the PR could have said, "Russell Industries, Inc. is PROUD to annouce it's growing it's authorized shares to 2 billion, in order to accomodate the growing number of shareholders interested in investing in the company."
LOL sort of?
Loofman
I want to say this...
I have honestly and enthusiastically supported this board, stock and even the CEO at times. But I sometimes forget that this is a penny stock which can be extremely manipulated by individuals who could care less about you or me. The message board are a dangerous place as well. I hope for all our sakes this board has a higher standard than the norm.
I like all of you hate getting screwed. I'm not yet saying that is the case here, I'm willing to keep my mind open. I'm not particularly fond of being called a weak hand or an amateur when it comes to my investment. I put money here because of what the company has said and what some investors/supporters have said. If I find out that what is said has been untrue in any way, I will do all I can to get this operation shutdown. I am not willing to let others have their hard earned money blatently ripped off.
Sorry to be so terse, I'm only through my first bottle of bourbon and the advils haven't kicked in yet.
jmo,
Loofman
That part is correct I believe, but I am not sure about whether the CEO can make deals and pay for expenses, etc. privately with restricted shares.
Loofman
dak I believe in longer term vision...
but I don't believe in folks being able to buy 3 zillion more shares than I did for half or more the price. A decent CEO would do all he could to strategically support his shareprice in an attempt to stablize the shareprice and hold on to as many LONG term potential shareholders as he could. You've got to establish some shareholder loyalty and confidence and imo, it's not by announcing that you are inceasing shares by 1.25 billion and without explaination as to why? Also, I'm not a fan of the sharing of company emails with one person. I do not know who that one person is or whether or not he might change a word or 2 for is own self interests. Mind you, I'm not saying that is the case here, but that's my opinion about the email sharing.
jmo,
Loofman
Righty, it all good and fine about the flippers and the 5 minute mind...but, when the CEO almost triples the authorized shares to 2 BILLION, without giving guidance or explaination, I have a problem with this. Especially when the company has inferred it is getting close to it's 2007 goal of 200 mines and the 504 is supposedly getting closer to being complete?
Man, I mean sure about the flippers, and the short term players and so on...that happens, but what about the guys buying in at .007, 005, 004, 002 and then sitting and watching the stock get shares dumped on it while the price tanks to .000? Are we suppposed to feel good about all those lucky newbies buying in millions and millions of shares to see it run back up to .002 only to tank again while the company ups the shares to 2 billion without explaination?
Something is not right about that, imo
Loofman
email doesn't work for me...
never received a response one time.
Loofman
Petty cash, I don't know what to think...
this may all be a MM set up playing on my posts and the few others here that semi panicked like me. I guess having the MM's not letting me out was probably a blessing in disquise?
Thank goodness my wife straped me down this morning and I've started on the case of bourbon...
Loofman
The problem with that dak is this isn't the only apparent bad timing this CEO has exhibited. I tried to justify it this morning as I was waking up to the news, but look at the share price now. This isn't looking out for the shareholders...this is a screw job imo. Where's Righty and Makesumgravy???
jmo,
Loofman
Unfortunately that looks to be the case. Still, looking at what has been said about the assets and the market cap make this stock look like it should have some value above current pps, imo...
Loofman
The more I think about it, Rick Berman is an idiot for putting out a PR to raise shares to 2 bil on a Monday morning, without giving some guidance as to where the 504 stands and as to where we are with the current mines.
Something is not right here...and because of this I put in an order to reduce my position...and, when I put it in, the bid dropped from .0017 to .0016, and so I lowered my order to .0016 and the bid went immediately down to .0015. Good luck getting your shares sold here if you are looking to. Now they just lowered it down to .0014.
an angry loofman
We need a Big Dak Attack!
Hold the mustard and lettuce see if the market can catsup with the share price!
Loofman :)
John,
He got it from Pink Sheets.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2007%5C04%5C16...
Loofman
cresus, another opinion on dilution...
imo, dilution is only dilution if your shares become less valuable due to the flood of new shares into the trading market without something to support their existence. As far as I see it with Russell, the CEO has been using the shares to buy assets and to set up mining opportunities to start bringing in revenues to the company.
If these shares were being used only to pay for salaries, fluff PR's, etc. then this type of dilution would be very bad.
So, what we have is a company who has been given the authority to raise $1mil to invest in assets. These assets are reportedly valuable, so shareholders now have equity in the company. If the assets are worth more than the orignal investment, then I say this was a very good investment and it was NOT dilutive.
jmo,
Loofman
Petty Cash...
this was stated in email from the company that was shared here on this board. It has been discussed for the past few days here, so yes, I'd say there is one coming. There seems to be alot of anticipation here about this.
jmo,
all the best to you with RSDS,
Loofman
We know the company is aggressively acquiring uranium mining claims and building a portfolio of properties in a very hot uranium market. By most investor's sentiment here, this company is way undervalued based on the fact that the m/c is $1 mil and the lease values appear to be > than $61 mil in value.
jmo,
Loofman
You be the judge...
Current market cap is around 1.1 mil $
We own 154 mining claims of which 54 have proven minimum assets value in current $ at around $61 million dollars.
No known debt
Mining is scheduled to start in the next couple of weeks to begin opening the opportunity to bring in revenue to the company.
jmo,
Loofman
This is not dilution until it is used. We are maxed out on current authorized share due to the number of acqusitions the company has been and is making currently. The company had to increase the authorized to have access to the shares to potentially sell in the future for continued growth. My opinion about dilution is this...if the shares sold by the company are used to add valuable assets to the company without adding debt...this is very good!
jmo,
Loofman
This is news we were expecting...
The anticipated news about mines, etc. I am assuming is still intended for later this week.
and remember, we are getting close to the end of the 504 for $1. I would imagine the increase to 2 bil was to give room for any significant future acquisitions. But, until then, another $1mil will not be available to sell shares for until this fall.
jmo,
Loofman
Makes...good common sense and I appreciate your concern. I guess it comes down to what is considered moving quickly here in penny land, LOL. I think it's important for anyone playing the pennies to know that this is a crap shoot. So many factors involved in these. But, right now, RSDS looks hot on paper. It looks hot philisophically, it looks hot on the message boards, it looks hot as a commodity. O.k maybe I'm overstating it looks hot, but uranium is hot, is it not..?? pun intended and I'm not a poet.
I understand for Russell to have a shot at becoming a player as a public company, it needs long term investors. I'm sure it will get some here im pennyland, but in reality, this is a retail group and the majority are looking for a fairly quick return. But, there is hope with that as well. If the CEO does his job well, with shareholders relations, building a portfolio of valuable properties, making good deals, and staying above the board, I believe a nice number of investors may look for the bigger picture for a much much higher return down the longer road.
I never blame anyone for making an HONEST profit, large or small. I hope EVERYONE here makes an HONEST profit and also, if so warranted, looks at Russell carefully, and might possibly see the company as a very lucretive long term play as well.
JMHO,
Loofman
Hi John,
My method was definitely less scientific. I used a rough estimate of the number of shares outstanding in March thru last Friday, x the guestimated ave. shareprice over this period of time.
Your method seems quite plausible and every bit as worthy as mine.
I guestimate the company sold about 90+ mil shares Friday? So let's say the average sale price was .002, that's $180,000 right there!
Great pictures, and my thoughts are with you about your commarade.
best regards,
Loofman
Makes...that was the very information I saw in the box that influenced me to get into this stock a couple of months ago. Thank God the rest of my dd showed a real op here.
Thanks for posting my friend...
Loofman
I've purchased the following items today for the days and weeks ahead...
1. A case of Pepto extra strength
2. A neck brace for any quick upward movements
3. A box of Depends in case the g's are more than expected
4. A bigger wallet
5. A case of very fine Kentucky Bourbon
6. A large bottle of Advil
My wife will be strapping me into my seat at 0925 Monday morning.
I will not be taking a parachute.
All prayers are welcome and appreciated.
Loofman
Dak, et al, imo, a response to Sheepdog's message wasn't worth the effort was it? One line messages expressing one's opinion, negative albeit, but obviously a penny flipper who got shares above .002 on Friday, and couldn't get out at close, so he's mad. I'd be mad too if that's they way I traded, cause I'd be broke and out of the daytrading business.
IMHO, responding to mad people makes more posts from mad people, and instead of one line personal comments, they can become a very cluttered message board full of personal attacks.
Loofman
TOCO it's .005, not .05 to get to 250k...
.005 x 50,000,000 = 250,000
Calculators really are handy...
Loofman
TOP OF MIND AWARENESS POST...
Outstanding Shares: 697,525,998 as of 2007-04-13
Authorized Shares: 750,000,000
Mining Claims as of 2007-04-13: 154
Proven Reserves approximate valuation ($113 pound current mkt price): >than $61 million dollars
Boardmarks: 191
Current s/p: .0016
Market Cap: $1,116,042
Also, from inferences made...
we may not see authorized of 750mil upped in the immediate future.
I do know this...
1. The company is only allowed to raise $1mil of which we are getting close.
2. The company says it is using the funds to buy uranium leases and to start mining in May.
3. The company's goal for 2007 was to purchase up to 200 mining claims, of which the company as of April 2007 is up to 154.
4. The company has not incurred debt doing this and has acquired proven assets, which means the shareholders have some equity in this company!
So, for those few who are not seeing the bigger picture, I suggest you take a deeper look and listen to dak when he says...
GO RSDS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
BOOOOOOOOOOOOOOOOOO YAAAAAAAAAAAAAAAAAAAA !!!!!!!!!!!!!!!!!!!!
jmo,
Loofman
From pink sheets as of Friday...
Outstanding Shares: 697,525,998 as of 2007-04-13
This means slightly more than 50 mil to go of authorized. I'm guessing Mr. Berman has raised 750k.
Loofman