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It's tough to know where stock might be coming from
to form a $ .0004 resistance level.
Just adding up all the volume over the last 12 months
( not including the last 7 days ) you come up with
about 1 Billion shares. The prices were generally
between $ .0001 and $ .0003.
In the last 8 days, there has been roughly 650 Million
shares traded; and, based upon the sales, most were
done on the ask price, vs the bid price. So, most of
the volume lately has been pure buying-based.
If we take into account that the 12-month total of
1 Billion might have been 50/50, 60/40 buys or sells,
then we should be getting pretty close to running out
of any stock from people who are flippers.
Of course, that is a pure guess on my part. But, the
volume in the last 8 days has been, by far, mostly
buying volume...not selling volume. I've watched the
screen.
I would tend to say that position-trading is occurring
at the moment, in anticipation of something to be
announced from DCUT...and, a far bigger move to the
upside is coming, as a result. The positioning could
be from Market-Makers, or people-in-the-know. There are
a lot of rumors floating around concerning DCUT.
Wouldn't it be a kick in the ass if DCUT explodes ??
Flippers think they are being cute, when in fact they
end up leaving a huge profit on he table. HA.
ANOTHER FANTASTIC DAY. ( volume wise, that is )
Where is all the supply at $ .0004 coming from ?
I guess there are still doubters out there.
Take the money while it lasts, I guess.
Too bad.
I don't think that we can any longer doubt that something
is definately up with our stock. The volume is now a
steady 50+ million / day. This is now not like previous
runs, where the volume spiked for a day or two, then
plummeted. Someone is definately accumulating, or maybe
many people are buying ( don't know the makeup of the
trading ).
The $ .0004 level, though, seems to be a brick wall. It
is going to take some real high volume to crack it. Maybe
the company will come out with some PRs soon to let us
know what is happening.
Here's to excitement, may it continue.
Boy, what an exciting board this is.
No comments from anyone.
We are now experiencing the longest run of volume, and
the highest value of volume, in over a year. The price
is also flirting with, and testing, the breakout price
of $ .0003 to $ .0004.
The question is whether the run has been real, or
whether the price will just stall here again...just to
sink back into the oblivion.
Negative thoughts don't help.
Give them a chance.
Let's see what happens.
If DCUT has the royalty rights, or the rights to open
the mines on War Eagle, then they have something. Whether
or not they are successful at it, is up to them. However,
it would be highly unlikely that DCUT would be given
either, without money changing hands; or, them having the
ability to perform. I know the participants on the mountain;
and, with gold rising, the window of a generational event
upon them, the owners of the mines are not going to waste
their time without some guarantees. These people are not
amateurs. The activity on the mountain already points to
someone with cash funding operations.
The War Eagle mines are real, and valuable; I can attest
to that.
Possible Confirmation ?
You might want to check out a little gem of information
I discovered Sunday night.
Went to the www.dicutinc.com website.
Last week it was there.
Now, it is "Under Construction", with all the old company
information gone.
If that isn't confirmation that something is up, I don't
know what is. Add this to the volume, and the price rise
last week, and .......
Back up the truck, put your wind-gear on; because, I think
a hurricane is coming.
52-week high. ( Albeit, range fairly narrow )
Back from the dead ?
Good volume last few days.
The start of something ?
I'll send you a private reply.
Called management today and got thru.
Asked questions.
Responses were :
"I cannot comment at this time; but, please be patient,
and wait for our announcements concerning recent Company
developments".
I guess that is fair. It was the reaction I was
somewhat expecting, assuming some form of events
related to the 6/20/07 PR were still moving forward.
With disclosure rules and such, he really was limited
in what he could say or verify.
Generally, though, his voice sounded upbeat and
excited.
When pushed on the last PR, and the seemingly long
delay in any follow-up news; he admitted that they had
had some unforseen problems earlier in the year. But, when
pushed a little more, he feel back on the "No comment,
just wait for the news" statement.
He promised that he would keep me in the loop on
items that could be discussed publicly, without
causing problems with anyone; and, that once news
was public, I could call him on any questions I
might have.
Putting all the recent activities, comments, and
stock action lately, I would definately come to
the conclusion that something is up.
But, I have thought that before, too.
BONES SAY YES, though, this time.
Bankruptcy would be a bitch, wouldn't it ?
When it was $ .00 bid, I thought they were close.
It seems that I am the only one who is truely interested
in this stock, anyway. I guess it either happens someday,
or the company goes out of business and drops off the
screens.
Either way, life is a gamble.
Talked to some other contacts last night, and they say
that there is progress being made on the mountain. DCUT
name came up again in conversation, in addition to
another company that is not a trading company, but
private.
Checked the Owyhee county land records, and the land was
sold to two large investment companies about a month back,
and they seem to have formed the private company to act as
a holding company for the land. Bids were put out for the
rights to open the mines on the mountain about the same
time. DCUT name came up as one of the bidders.
Based upon where the stock seems to be trading, I am not
quite confident that DCUT is involved. If they were, you
would think that the stock would be flying from purchases
by those who would be in a position to know things. But,
the pink-sheets are not always what they seem, and the last
couple of months could have been a time of accumulation of
the stock at rock-bottom prices. Who knows ?
The only thing that keeps having me come back is the DCUT
name keeps coming up in conversations with the people on
the mountain, and the other sources that I have in the
mining industry of Idaho.
Something is definately going on with the mountain and
DCUT, but I just don't know yet what, or how much.
Still trying to get ahold of the management of DCUT for
answers.
I guess there is a risk to every investment.
Win some, lose some.
The winners are those who take great risks with a little
of their money.
I'm betting that this stock takes off in the near future.
Could be wrong, could be right.
Betting on the latter.
Will keep the board abreast of what I find, as always.
Something up again with DCUT.
Been talking to the crews on the mountain this weekend.
The activity on the mountain is at a considerably higher
level than it was 2 months ago, when I last visited. Lots
of equipment. Saw one truck with Kinross logos on it, which
was interesting.
Seems DCUT may have out-manuevered the other participants
wanting the rights to mine the properties. Heard some
interesting comments; which, however, I don't know whether
to place any stock in them or not. DCUT may still be
involved, or they may have worked out the problems encountered
earlier.
If true, we will soon hear from DCUT, and in big way.
I may have to buy back my loss position.
Will make some calls and see if I can find out anything.
I problem with this stock is the spread.
At $ .03 by $ .06, no-one who has bought this stock
in the last "longest" time, has any chance of seeing
their money back, let alone keeping it to under a
50 % loss if they sell. The minute you buy it, it's
worth half as much. That is an awfully risky bet.
Second, I wrote the management of this company
several weeks ago, requesting information on finances
and other matters.
NO ANSWER.
It would seem to me, that if the company were real...
it would at least provide some information on how they
intend to pay for this purchase, or at least would
answer e-mails.
Again, I come back to the feeling that this is an
attempt at a "Pump & Dump" scheme, with the "exclusive
option" on the Anderson Creek Mine as the teaser.
My bet is that it ends badly for anyone who thinks
this is a real deal.
Well, they only have another $ 7.5 million to raise for
the purchase price. Then, another $ 2 million for working
capital to ge things going.
Somehow, I doubt they have the money.
My guess, is that this is just a scheme to pump the
stock and sell shares.
I am highly suspect of this company.
Reasons ?
1 ) They were going to become a coffee company not too long
ago.
2 ) Then, they changed their mission to be that of a gold
mining company.
3 ) Then, they announced a planned merger with a Puru gold
company, which later fell thru.
4 ) Finally, they announce the exclusive option to purchase
the Anderson Creek Mine.
Thoughts :
They have no experience in gold mining.
I know the Anderson Creek Mine project, and the cost alone
is way outside this company's ability to pay, let alone
raise the funds for.
It would appear to me as though this is nothing more than a
"blank check" company searching for something to bilk the
public of their money.
This company will never close on the Anderson Creek Mine.
Asleep again for 6 weeks ?
Up 4-6 days & $ 1, then sideways for 41 days, over and
over and over and over ............
I think you don't understand the dynamics of this shell.
I have a client who was interested in this shell, going
back to last November. But, the dynamics of it didn't
make sense.
Example :
Kip wants $ 175,000 for his 55 % ownership position.
That's approximately 14.8 million shares.
That still leaves 45 % of the stock in the hands of the
public. This means that in any merger, the merging
company gives away 45 % of their company, or has to increase
the shares O/S dramatically.
Let's say that we try to buy up enough shares to reduce
the new issuance of shares.
Of the 12.2 million shares left, about 4 million are in
hands of "mystery" people, and it wouldn't surprise us to
find out that it is Kip-related. You won't get these shares
but at much higher prices. So, in effect, 15 % of the shares
are VERY expensive to get.
This leaves us with 8 million in the public hands.
As has been experienced, even to try and buy 1 Million
shares, the price has balloned to $ .10.
If effect, to buy METP, you would need to expend $ 1 Million
to buy up the public, another $ 1 Million to get rid of
Kip-related shares, and $ 175,000 to buy the control shares.
Let's say that I am way off on the public and Kip-related
shares, and it is only 1/4 of my estimate.
That still leaves a total cost of about $ 700,000 to buy
what is essentially a Pink Sheet company with no assets.
I can buy a clean pink-sheet company, and 95 % control, for
$ 200,000. Go look at www.mergernetwork.com
It does no good to buy Kip's controlling shares, only to
have to buy-out the remaining shares on the open market
as the price rises. SOMEONE has to buy all those shares
for the stock to go up. It doesn't just happen as if magic.
It would be a collosal waste of money to buy METP.
THAT IS WHY THIS STOCK will not go anywhere. It is over-
priced for the niche market that it belongs to.
Just try and buy 8 million shares this week at $ .007.
Affraid so. Took a real beating. Chaulk it up to not
listening to the previous posters on this board, who
tried to warn me about DCUT. Win some, lose some. I'll
just try to stay in touch with Laoshan and see where
they go, IF the DCUT deal is really dead. No word from
either parties as to what is going on, but the stock
sure acts as if nothing will happen.
What's with the website for this company ?
If you want to see it, you have to have a password.
What kind of a scam is that ?
Secretive, only those privelaged people can see the
amazing details of the company.
I'm assuming that the name change came at the same time
as a reverse merger, and that the previous company has
nothing to do with the current company.
Could be wrong.
I have e-mailed the company to get the current share
structure, since I can't find it anywhere in any published
documents.
No. If you have anything to add, please do.
Let's see where this goes.
The impression I got was there was a big surprise on DCUT's
side of the equation at the final moment, which was not
discovered during the due diligence phase by Laoshan.
Laoshan was pretty tight-lipped, siting covenants under the
LOI arrangement for not being able to fully discuss the
matter. It was pretty hard to get any specifics, or
particular reasons, out of them. But, from the answers to the
questions they did answer, and the tone of the responses,
they just sounded disappointed. As part of my agreement with
Laoshan, I promised not to reprint any of the correspondance
with them. Since I want to follow this development where-ever
they go, and be included in the future, I will honor that
request.
A lot of reading between the lines, looking at the stock
price, and lack of any further press releases, leads me to
conclude that it is over.
I guess we will have to wait until either DCUT or Laoshan
put out a press release.
It took me quite awhile, looking thru Wyoming records,
and the such, but I found the registered agent for
Laoshan. Contacted them, had my e-mail address forwarded
to Laoshan, and then got an e-mail back from the Partners
of Laoshan. The Group sure doesn't like publicity, but
they answered some questions in a cryptic way.
The best I can figure, it doesn't look good. I would be
very surprised if anything came of the deal. Too many
problems. I could be wrong, but my gut says nothing will
happen.
I've asked to be kept informed on what happens, since I
would like to moderate a board that the royalties land on.
They seemed to be aminable to that.
Everyone is quiet on what is happening. But, taking the
action of the stock, I am beginning to think that things
are not good. If the transaction were still valid, you
would think that the stock would be moving up by now. Not
only that, 50 Million shares were dumped on the market a
couple of days ago at $ .0001. THAT'S not a good sign.
One is a right to mine, as long as you pay the yearly fees
to the BLM. The other is the ownership of the land and the
mineral rights that were grandfathered or granted 100 years
ago.
Yes, Nevada Contract, Inc., is a player also. Two entities
have been accumulating land and royalties for many years.
Time is coming for the party to begin.
Until I see a signed contract on the deal, I think it best
not to raise hopes for the beleguered DCUT shareholders.
I have found a lot of information that is very exciting
about War Eagle; but, having said that, it has nothing to
do with DCUT until they own those royalties.
As some posters have remined me, in many messages, DCUT
has a history of making promises, but failing to deliver.
SO, it is a waiting game.
The stock seems to be telling us that no-one believes that
it will happen.
In the meantime, I'll continue to dig and wait.
It's amazing what you can find when you look in the records,
and use Google.
It looks like someone threw in the towel, and sold 10 Million
shares at $ .0001.
Why someone would do that, is beyond me. Even if nothing
happens with DiCut, $ .0001 is about as low as one can get...
so you are giving away the stock.
To each his own, I guess.
Since I am extremely new to DiCut, I appreciate your views
on management. It is always important to know the whole
story of who you are dealing with, and any frustrations on
the part of shareholders.
I, too, hope that the current situation that seems to be
developing with DiCut is real. Since I know of the Mountain
they are referring to, in their most recent press release,
it has a little bit more relavence to me.
It would be nice to see a "cynderella" story happen.
I will continue to do as much DD on this situation as
possible, and delve to present everything I find in a
professional and unbiased way.
Posted a document above that I found while searching the
Idaho Bureau of Mines library this afternoon. Fun reading.
War Eagle has dozens of mines, each very small producers
at the present time ( and I mean small ). Mostly mom & pop
family affairs where ore is brought out by the kids with
buckets. Nothing is modern or mechanized. Other than the
Laoshan properties, I saw a claim plot of the mountain that
looked like a quilt...and I mean that literally.
The only way that mountain would be mined in any real
fashion is if someone much bigger buys out all of the
little holders and consolidates it...then, puts the money
needed into it to develop it.
I've been reading a little history on the mountain from
the Idaho Bureau of Mines, and it is a real beauty of a
place.
Ya, but it's too bad that there are only 4 of us on this
entire board. That's a lot of firepower. I kind of feel
like I'm just doing DD for myself and my shadow.
LOL LOL LOL
Well, back from my trip.
BLM was not the place, had to run down to the Owyhee County
Recorder.
Interesting findings.
No mention of DCUT anywhere. However, this is not surprising
since they have only signed a "Letter-of-Intent" with Laoshan,
not a purchase. So, there would be no record of DCUT.
However, I did find some other interesting tidbits.
I got some help from the clerk at the office.
Laoshan owns the royalties covering the entire central part
of the mountain, and the southern side of the mountain. The
Central part is where the major veins are. The northern part
of the mountain is BLM land and State of Idaho land.
The interesting part is that Laoshan also owned most of the
land on the Central and southern parts of the mountain. That
is, until last summer. They transfered/sold the land into a
corporate entity based in Boise, which was also essentially
a shell at that time.
Now they are selling the royalties into a corporate entity
in Florida, that is essentially a shell ( DCUT ).
Why ?
Why divest assets from a private partnership into corporate
shell entities ?
Got me to thinking.
The only thing I can think of is that they are positioning
themselves for a higher premium on the assets during a buyout.
Add this information to the activity on the mountain, and I
smell a takeover coming.
I called a brokerage firm friend of mine up in Couer-D'lene,
and asked him if he had heard of the company that bought the
land last year. He stated that the company had shopped an
SB-2 Offering around the state late last year. He heard that
it was taken by a Canadian Broker-Dealer, to go public this
fall.
Now, consider this. Mr. Quillian ( President of DCUT ) is
a Canadian. What if the Canadian brokerage firm knew
Quilliam and brought in the DCUT shell to acquire the
royalties ?
How else would DCUT have any connection to gold mining
royalties in Idaho, from Florida, when they were a "security"
company prior to this ?
Now, I've connected a bunch of dots that may not have any
reality to each other than what is in my mind. I've had a
lot of fun with this. But, let's take this a little further
and run with it.
Let's assume that Laoshan has bought DCUT, has placed its'
assets in it, in addition to owning the other corporate shell
with the land in it, and is planning to run them in order to
force Kinross to buy the companies before the valuations get
out of their control. The drilling rigs on the mountain are
obviously hired by someone with deep pockets, and the only
one around is Kinross.
I'm betting that a buyout is coming on DCUT.
Just my opinion and I ABSOLUTELY could be wrong. But, at
$ .0002, all you can do is lose all of your money...LOL.
I will go down to the BLM office in Boise on Monday and
look up what properties this Laoshan Group owned, or what
royalty properties they controlled. It might be in the
Owyhee County Recorders office, if not in the BLM records.
I love a mystery, especially one that is unfolding. I
feel like Sherlock Holmes...just give me a pipe and a
coat.
Talking to my buddies over the weekend, they said that it
appeared as though someone was buying the royalties on the
center of the mountain. The rumors have been DCUT, which
is why I came to this board in the first place, and the
press release tends to confirm those rumors. They said the
price was high. The center section is where the main gold
and silver veins are. Whether DCUT bought the center section,
I don't know, but the records should provide a clue.
The DCUT press release of last week stated that they were
doing a recapitalization. This would usually mean some sort
of 504 in return for capital. I would imagine that there
is a connection between the purchase of the royalties and the
need for an infusion of capital. From what I have been able
to glean from the SEC records on DCUT, there were a lot of
institutional investors in DCUT before it failed. Could be
that these guys are trying once again to put the broken
pieces back together again. It's a shell, but not a reverse
merger, from what I can tell.
From what I have been able to get from mining people is that
War Eagle has lots of gold. However, it is an underground
operation and therefore expensive to develop. Only someone
with deep pockets would attempt it. This means that Gold has
to be at a high enough level for a long enough period to
justify it. The last time gold was at $ 650 was 30 years ago.
It's only been in the last year or so that gold reached a
level where it looks like it could be feasable.
Kinross bought the other two mountains after the last peak
in gold, and they are open-pit operations. Open-pit is a lot
less expensive to operate.
Now, maybe with the price of gold elevated again, and Kinross
being right next door, and their open-pit mines nearing a
mature stage, and with the technical skills and the money to
do it, maybe they are looking at War Eagle to expand. It
would make a lot of sense. I saw an awful lot of activity and
rigs this weekend for it to be mom and pop activity.
Again, however, with that said, a full-scale operation on
War Eagle would take years to accomplish. This might explain
the position of Laoshan selling the royalties. If enough
money and stock was offered, they might have decided to take
the offer and run, letting the new owners wait for the checks
down the road, getting an extra kick from the stock. There is
always a risk that it doesn't happen, and a bird in the hand
is better than two birds in the bush.
Maybe Laoshan is getting stock in DCUT. This might make
sense. A publicly traded company owning the royalties would
force Kinross ? to pay a higher premium to get the royalties
at a later date, vs dealing with a private entity. Maybe
Kinross offered Laoshan money, but it was not enough, and
it pissed off Laoshan. Maybe DCUT offered both money and
stock as a sweetener.
Who knows ? But, sure is getting interesting.
I'm always looking around for shells. Heard about this
one from some mining friends of mine. Looked at the
board, and there was no moderator, so I volunteered a
couple of weeks ago.
It's been pretty lonely, so far.