Strange, it appears the NASDAQ reported trading does not include a lot of the trades, and certainly not the 115,000 trade at 3:21 Pm. It does show 12,500 shares at 3:18:50 PM at $1.00. I guess it is just what is done on NASDAQ. A good lesson for me. But it still does not take away all of the little trades made on the stock at 100 or 200 shares that trend to push the price down (or up) as the manipul8ors want.
strange that it does not show on the NASDAQ reporting. Look under NASDAQcom/symbol/lode/time-sales
on the hourly web pages for today it looks like it could have been 100 shares 1000 times -- just a joke, don't get your panties in a wad.
NASDQ data shows that of the last 50 trades 23 were for 100 shares or less ($102 each). It has only been manipulated down 5.6% in the last couple of hours. That's not a MM maintaining the market. I hope the SEC is watching. Would they ever do anything about it? I doubt it.
Looking at the NASDAQ Time and Sales data it looks like somebody is in great need of more shares based on the 200 and 300 share lots which normally signal "need more shares" and "take it down, I need more shares". Of the last 50 trades, only 4 were for more than 300 shares. Why would anybody in their right mind want to sell before the upcoming release of news by the company?
Weird. NASDAQ shows 16:08 trade of 100 shrs at 1.05. One minute later 16:09 the after hours board shows 100 shrs at 0.84 and in the same minute it shows 100 shrs at 1.02. How did that 84 cents trade get in there? The latest news release talks of nothing but success with the previously announced business plan.
Of the 16 trades listed this AM only 5 were for 100 shrs at $1.05, then they go for 2 trades at 200 shrs, but they drop the price to 1.02. Fun and games, but the result is always down. Seems we need to get Congress or the SEC to re-implement the tick rule just to confuse them.
I don't care if it is paid as a dividend or reinvested for growth. Also, PE of 20 seems high for this slow growing company. 13.5 would be closer to realistic. That gives $2.43 per shr which is still inline with my other calculations. If they earn more, then that should go up in the future. It is still now being priced much less than it would be if it was not for the manipul8ors. Look for growth due to the obvious good management. I'm not worried about the bashers, just the manipul8ors.
That's all taken into account when you calculate the present worth factor. Even if you sold your stock tomorrow it would have value over and above the $0.18 you collected for this year. The question is: What is the stream of payments from the future worth today? Its not 80 times todays income, it is much less, and to calculate it you need to assign an interest rate that you could get from an alternative investment. If you figure you could get 7% someplace else then the NPW factor is 14.22. Look it up on the web, and it just might change the way you think about investments. I agree that realistic assumptions are required.
Lets take it one step further: if there are 3.2m oz and you only get 40K per year that means you could be digging for 80 years. at 5% rate for 80 years the net present worth factor is 20.4 and for 7% it is 14.22. So, $0.18 x 20.4 = NPW of $3.67 and $0.18 x 14.22 = $2.56. If you use 2% like the Fed is talking today it is $7.15. So even if you take the bashers "realism" it makes today's price look really cheap. And they have explored only a small portion of the total property.
No, it looks like the manipul8ors want it up. Now buying 400 shrs (take it sideways), and 500 shrs (keep it moving in that direction) lots. They kept it below $1 until the 30 days were over, and its over, so time to move it. You don't have to believe me, just watch.
It never did get there. Last trade shown on NASDAQ was $0.995 for only 19 shares. That's $18.905 total price. These guys really put it all on the line.