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Colorado Resources Ltd. Message Board

benandemmiboo 14 posts  |  Last Activity: Jun 27, 2015 7:41 AM Member since: Apr 2, 2013
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  • Somebody posted the info here on the Thursday before the ETF dump by Van Eck, and having held onto stocks when that happened before, it gave me the impetus to sell all my shares that Friday. (Midway's rotten press release that Friday morning helped too.) The following Monday, of course, the company declares bankruptcy.
    i ultimately was able to leave with modest profit, rather than a loss into the thousands, so it was one occasion where these boards have really helped. Again, my thanks. I needed such luck.

  • Per the last presentation, the fesability study for PAN is due no more than 45 days from the latest resource estimate. That date is approaching. With the feasability, they will also be able to offer guidance for the rest of the year. Until the feasability is completed/released, likely no reason to expect anything from either their lenders or from potential acquirers. Also, for those who've been optimistic re: Midway, we've been given no new reason to expect the worst.
    Las year, Duluth Metals got pushed down to 9 cents before being acquired by Antofagasta at its 30 day average (almost 5 times its closing share price), and given Midway's comparables (ie a partnership with another miner on at least one of their properties), that's the sort of potentially positive outcome that makes sense for some people to gamble on this.

  • Over 300,000 shares traded at 7 or 7.01 US in the last hour. Whatever the reason, be it good or bad, the sudden lack of PPS movement is likely a sign that news is coming soon -- and that news is already known (or at least believed to be known) by some entity.

  • benandemmiboo by benandemmiboo May 19, 2015 12:54 PM Flag

    Valued less than a single Shake Shack store too.

  • benandemmiboo benandemmiboo May 16, 2015 5:50 AM Flag

    Best of luck. It would be interesting to know whether mgmt at NEWL have had to suffer too much since their company left NASDAQ. If they are not suffering too much, then FREE mgt likely knows that, and has no fear of leaving NASDAQ. I assumed they would try hard to stay, but believe I may have assumed wrong.

  • Maybe they can't stay above 2.5 million, but if they can't, then any future RS would be meaningless... I personally see anything below 3 million market cap as a buying opportunity, and any prognosticator who's betting they'll drop below $1 million market cap as insincere or at least over-pessimistic.

    As for that last predatory lender, though? They're a bit too good at their job...

  • Reply to

    The Kinks have a song

    by aronnimac May 14, 2015 1:46 PM
    benandemmiboo benandemmiboo May 14, 2015 4:24 PM Flag

    It's a nice song. Aronnimac's reference was a nice diversion -- who wants to talk about this stock? -- but the Walter in the song is not an idiot, and there seem to have been no reason to bring it up here except it was a song in the guy's head.
    Lyrics are below.

    "Do You Remember Walter?"

    Walter, remember when the world was young
    And all the girls knew Walter's name?
    Walter, isn't it a shame the way our little world has changed?
    Do you remember, Walter, playing cricket in the thunder and the rain?
    Do you remember, Walter, smoking cigarettes behind your garden gate?
    Yes, Walter was my mate,
    But Walter, my old friend, where are you now?

    Walter's name.
    Walter, isn't it a shame the way our little world has changed?
    Do you remember, Walter, how we said we'd fight the world so we'd be free.
    We'd save up all our money and we'd buy a boat and sail away to sea.
    But it was not to be.
    I knew you then but do I know you now?

    Walter, you are just an echo of a world I knew so long ago
    If you saw me now you wouldn't even know my name.
    I bet you're fat and married and you're always home in bed by half-past eight.
    And if I talked about the old times you'd get bored and you'll have nothing more to say.
    Yes people often change, but memories of people can remain.

  • Reply to

    THE plunge downward continues

    by dwr900 May 14, 2015 9:39 AM
    benandemmiboo benandemmiboo May 14, 2015 9:52 AM Flag

    This is now a 2 cent stock, pre-split. People are calling for it to go 75 percent lower on this board, or to under 1 million market cap.
    There's simply nothing in it for the lenders to do this (unless one is still waiting to convert their shares, which perhaps is possible)...
    Yes, the stock may go under this year -- other dry shippers have, and it's hard to imagine one that's much worse -- but it's not going under this fast, this quickly after its recent loan...

  • Reply to

    Quarterly report just released....

    by lenny.squiggy May 13, 2015 2:37 AM
    benandemmiboo benandemmiboo May 13, 2015 6:09 PM Flag

    It seems many of us shared the overall sentiments of the IKN piece, but an fyi he later retracted this post, as he was referencing a different company's filings at the time he made his comment. Hence the names of mgmt that many of us had never heard before... Anyway, my apologies for failing to overlook the error too.

  • Reply to

    Quarterly report just released....

    by lenny.squiggy May 13, 2015 2:37 AM
    benandemmiboo benandemmiboo May 13, 2015 9:36 AM Flag

    Here were the thoughts of InkaCola News regarding one aspect of the filings:

    5/12/15
    My favourite bit of all the Allied Nevada (ex-ANV) (ANVGQ) filings today
    This bit in the MIC, filed today, which discussed remuneration for the Named Executive Officers (NEOs):
    In May 2015, an increase in the base salary (for inflation) was granted to certain NEOs. Mr. Wodzicki’s base salary was increased from $336,600 to $354,000, by approximately 5.1%, Mr. Carmichael’s base salary was increased from $234,600 to 242,000, by approximately 3.1%, and Mr. Beck’s base salary was increased from $180,000 to $186,000, by approximately 3.1%
    To be clear:
    Wojtek Wodzicki is the President and CEO
    Robert Carmichael is the VP Exploration
    James Beck is the Director of Corporate Development
    And Allied Nevada is the company that filed for bankruptcy in March 2015

    With that, Allied Nevada wins the 2015 Chutzpah of the Year Award. Breathtaking.

  • Post is from Ottos' blog at IKN ...

    5/12/15
    My favourite bit of all the Allied Nevada (ex-ANV) (ANVGQ) filings today
    This bit in the MIC, filed today, which discussed remuneration for the Named Executive Officers (NEOs):
    In May 2015, an increase in the base salary (for inflation) was granted to certain NEOs. Mr. Wodzicki’s base salary was increased from $336,600 to $354,000, by approximately 5.1%, Mr. Carmichael’s base salary was increased from $234,600 to 242,000, by approximately 3.1%, and Mr. Beck’s base salary was increased from $180,000 to $186,000, by approximately 3.1%
    To be clear:
    Wojtek Wodzicki is the President and CEO
    Robert Carmichael is the VP Exploration
    James Beck is the Director of Corporate Development
    And Allied Nevada is the company that filed for bankruptcy in March 2015

    With that, Allied Nevada wins the 2015 Chutzpah of the Year Award. Breathtaking.

  • Last predatory lender will be able to convert loan to shares very soon; once that happens, stock should go up to give them their "quickie" profits...

  • Reply to

    Financial statements

    by shekhar.gurnani Apr 27, 2015 11:34 AM
    benandemmiboo benandemmiboo Apr 28, 2015 11:15 AM Flag

    Anyone even curious about the financial statements should not trade here. This trade concerns the ticker, not the company. When "big money" moves in, as it likely will in a week, it's moving to help the lenders make loads of cash off their predatory loans to FREE -- it absolutely has nothing to do with the company IMO, which simply exists now because it has some good relationships with lenders.
    That said, I still think this is a good stock for trades. Once 3 weeks of trading have given the last lender (from April 16) their maximum amount of shares they can receive, then the stock will start going up whether it has any reason to deserve to or not.

  • Only criticism of Audiophul (who's been around forever) is that everyone knows this company is junk. It just has consistently been able to produce huge jumps on the rare days it's in the green. So the whole goal is to time one's entry point -- and if you miss it, get out quick, and if you time it successfully, you also get out quick.

    If you choose to go long FreeSeas, as one Seeking Alpha writer bizarrely recommended, you'll lose a ton of money -- but if you're an intraday trader who enters at the bottom of any given day, or if luck simply helps you get in at a great time, the stock's a quick way to help you gain some extra bucks to buy some toys for your kids, etc.

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