posted
HMIT..Hidalgo Mining (HMIT) Negotiates Coal Contract with the Federal Electric Commission. Proposed Contract to Generate 20-30K Tons in Coal Purchases Equaling $11-16.5M In Additional Monthly Revenues. Friday June 1, 6:00 am ET
NEW YORK--(BUSINESS WIRE)--Hidalgo Mining International (PINK SHEETS: HMIT - News), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has retained Callado & Associates, a Law Firm in Mexico City, to represent HMIT in direct negotiations with the Federal Electric Commission (FEC) for purposes of entering into a coal purchasing contract to vend coal to both of its Northern Mexico power plants. Estimated figures from the proposed contract will equal 20-30K tons of coal purchases resulting in $16.5M in possible monthly revenues.
Concluding a contract with the FEC will provide HMIT with its second large-scale contract since its introduction of mining to the general public. Callado & Associates will provide legal counsel and further guidance in the overall attempted closure of the aforementioned contract and will remain on retainer to continually provide its counsel for future contracts and legal matters.
Distribution to the Northern Mexico power plants under the control of the FEC will provide logistical simplicity as they are located within close proximity from the Hidalgo mining site. Additionally, local Mexican rail lines will provide easy access and expedited delivery resulting in lowered expense of transportation and increased profit margins for overall coal transactions between HMIT and FECOM.
"Entering into negotiations with the Federal Electric Commission is not only a tremendous landmark within our sales program, but more importantly an honor as very few organizations are able to label themselves as potential business associates of a commission of its caliber. Retaining Callado & Associates was the most beneficial choice in seeking legal counsel for this particular negotiation as well as to provide ongoing representation for all upcoming contracts and legal matters. We will provide updates to our shareholders as to the progress of the proposed contracts as the upcoming events take place, stated Jeff Bootes, CEO of Hidalgo Mining International.
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT - News), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (www.hidalgointernational.com)
Posts: 134 | Registered: Dec 2006
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posted
Hit .45 this morning dropped back to .38.. Good flipper by the looks of the last few days . I just dont have settled cash to flip again..
Posts: 1986 | From: Florida | Registered: Mar 2006
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Thanks Tex , I am getting ready to get out again and then just flip profits around to see if it keeps up with 40% flips for a few more days.. Thanks
Posts: 1986 | From: Florida | Registered: Mar 2006
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Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI): CEO of Consolidated Mining and Minerals Has Meeting With Hidalgo Mining International Friday June 1, 11:59 am ET
CORAL GABLES, FL--(MARKET WIRE)--Jun 1, 2007 -- Siguiri Basin Mining, Inc. (Other OTC:SBMI.PK - News) -- Mark D. Klok, Chief Executive Officer of Consolidated Mining and Minerals Inc., Joint Venture Partner of SBMI, www.consolidatedmining.com, has arrived in New York City to discuss negotiating a business relationship between SBMI, CMM and Hidalgo Mining International, an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico. These discussions are still in the early phases of negotiation but discussions regarding a strategic alliance with SBMI have been received favorably by both sides because of SBMI's short-term cash flow potential. Hidalgo International's mining plan calls for a $3,000,000 working capital need to begin its production to start generating revenue, while SBMI's phase II operation will be using less than $500,000 and achieve a potential net revenue above $5,000,000. Based upon the initial analysis of the smaller capital needs to generate a larger shared asset base, Hidalgo has approached CMM and SBMI with these negotiations as they see the value of coming together. Mr. Klok has been quoted as saying, "We have a window of opportunity to join forces and leverage each other's assets to reach a common goal." Although many structures are currently being reviewed, a final understanding still remains to be reached. The Company states that, "There is a major value add play on the table and careful examination is needed before CMM and SBMI moves forward." Throughout the next week Mr. Klok and several groups of major Investment Banks in New York are meeting to determine CMM's next move and the final structure of this proposed business relationship. ADVERTISEMENT
Siguiri Basin Mining, Inc. (Other OTC:SBMI.PK - News) is a mineral exploration and development company focused on achieving producer status. The Company's targets are precious metal properties in stable countries within opportunity rich West Africa, Central and South America with near term production capabilities. www.sbmining.com
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contain statements that are forward looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement.
Contact: For further information contact Rich Kaiser YES International 1-800-631-8127 001-757-306-6090 (outside North America) Email: yes*yesinternational.com
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This has been a flippers dream the last few days I hope it keeps up on monday when I have clear cash...
Posts: 1986 | From: Florida | Registered: Mar 2006
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I got big money from this one. I am soooo happy right now. Gots me a big phat triple. LOL
Posts: 310 | From: Idaho | Registered: Jun 2004
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posted
And SBMI is setting at .0007 now might have to put an eye on that one as well..
Posts: 1986 | From: Florida | Registered: Mar 2006
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quote:Originally posted by Happy Valley: And the plot thickens....
Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI): CEO of Consolidated Mining and Minerals Has Meeting With Hidalgo Mining International Friday June 1, 11:59 am ET
CORAL GABLES, FL--(MARKET WIRE)--Jun 1, 2007 -- Siguiri Basin Mining, Inc. (Other OTC:SBMI.PK - News) -- Mark D. Klok, Chief Executive Officer of Consolidated Mining and Minerals Inc., Joint Venture Partner of SBMI, www.consolidatedmining.com, has arrived in New York City to discuss negotiating a business relationship between SBMI, CMM and Hidalgo Mining International, an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico. These discussions are still in the early phases of negotiation but discussions regarding a strategic alliance with SBMI have been received favorably by both sides because of SBMI's short-term cash flow potential. Hidalgo International's mining plan calls for a $3,000,000 working capital need to begin its production to start generating revenue, while SBMI's phase II operation will be using less than $500,000 and achieve a potential net revenue above $5,000,000. Based upon the initial analysis of the smaller capital needs to generate a larger shared asset base, Hidalgo has approached CMM and SBMI with these negotiations as they see the value of coming together. Mr. Klok has been quoted as saying, "We have a window of opportunity to join forces and leverage each other's assets to reach a common goal." Although many structures are currently being reviewed, a final understanding still remains to be reached. The Company states that, "There is a major value add play on the table and careful examination is needed before CMM and SBMI moves forward." Throughout the next week Mr. Klok and several groups of major Investment Banks in New York are meeting to determine CMM's next move and the final structure of this proposed business relationship. ADVERTISEMENT
Siguiri Basin Mining, Inc. (Other OTC:SBMI.PK - News) is a mineral exploration and development company focused on achieving producer status. The Company's targets are precious metal properties in stable countries within opportunity rich West Africa, Central and South America with near term production capabilities. www.sbmining.com
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contain statements that are forward looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement.
Contact: For further information contact Rich Kaiser YES International 1-800-631-8127 001-757-306-6090 (outside North America) Email: yes*yesinternational.com
-------------------------------------------------------------------------------- Source: Siguiri Basin Mining, Inc.
posted
opened at .45 hit a high of .72 today back down to .56 and picked up a few more to flip ,,
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
got in yesterday at .58 sold at .68 for another small flip...and watchin SBMI as well
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Im not sure if I will try this one again unless dips back to .45 needs a little correction due to steady increase the last few days but will be watching to another entry price...I get a little leary after one has increased every day for a week , ussually needs to settle down a little before it goes again..And have not been able to set and watch , work a few days a week so those days I cant watch JMO Gary
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
I should of sold at .70, volume has slowed down and there was a big correction today. I am going to hold until tomorrow and see what happens. Looks like you can get in again today if you feel confident it will pop again. .50 right now
Posts: 66 | Registered: Apr 2007
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posted
I got back in at .49 but has been good to me so far this thing swings like a ***** the last few days .. I got some last week at .25 and out at .40 got some monday at .58 out at .68 so now am trying to flip with profits now so maybe get back to .60 today would be fine with me ....
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Well it has slowed up a bit but looking for a little EOD run to start at 3:45 like it has the past few days . And this has been posted all over the place with PRs and Stocks to watch list so people are out there has traded $517,064.00 today, down from yesterday But usually a lot of trades at eod.. JMO Gary
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Looks like MMs playing games now they are puting in trades for 100 shares just to shake people out.. Lets see what happens today..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
If i held out just a little longer could have got back at .42.....not .49 ,, MMs lining back up looks like it might get back into .55 range again today
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Oops looks like a .45 close today....Arrrgh.. Maybe in the morning has been gapping early
Posts: 1986 | From: Florida | Registered: Mar 2006
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I think it should gap up in the morning. I hope they put out more of their bs news that will help it move. I regret not selling at .70 oh well! I will hope for the best tomorrow
Posts: 66 | Registered: Apr 2007
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Press Release Source: Hidalgo Mining International
Hidalgo Mining (HMIT) Obtains Second Large-Scale Coal Purchase Commitment as New LOI is Received. J.A.B. Minerales International Submits LOI to Purchase Over $33M of Coal Production. Wednesday June 6, 7:00 am ET
NEW YORK--(BUSINESS WIRE)--Hidalgo Mining International (PINK SHEETS: HMIT - News), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has received its second large-scale coal purchase agreement as J.A.B Minerales International S.A. de C.V. (J.A.B.), a mineral brokerage group located in Mexico City, has submitted a Letter of Intent (LOI) to purchase 50,000 tons of coal on a monthly basis equaling $33M in annual revenues.
ADVERTISEMENT J.A.B will render the present market value of $55.00 per ton for coal produced and distributed to their facilities of selection. Currently J.A.B intends to purchase 50,000 tons of coal on a monthly basis with intentions of increasing their required coal needs within a 60 day period.
"We feel that this notable progress point is not only a success to our organization but an affirmation that the rare and high-grade coal located on our Northern Mexico property presently holds a high demand within the energy industry. It is also the belief of the Hidalgo Company that the reception of the described LOI will additionally substantiate the counteroffer submitted to Consolidated Mining & Mineral, within our ongoing negotiations for acquisition, that HMIT holds an abundance of highly marketable coal that will entitle our organization to the additional benefits requested," stated Jeff Bootes, CEO of Hidalgo Mining International.
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT - News), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (www.hidalgointernational.com)
This should bounce out the gate today. I will watch it close and sell at todays high and try to get back in when it pulls back. I am in at .30 so I should make some decent money today.
Posts: 66 | Registered: Apr 2007
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posted
I just use it to flip , Been a good one for that but like you say it will correct at some time , looks like it did that yesterday . Gonna see what it does this morning, but has been a good flipper for a few days always seems to run hard first thing then dips by noon and levels out. but has been good for 30 to 40 % everyday IF you catch it right..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
MMs are getting ready this morning opening their bids at .88 and 1.01 , I know they are just getting on the list but looking like getting ready for a good run this morning..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
I started checking out the news on this for the last few months since it opened and with all the coal production and aquisitions that this company has made and the dividends that this company has given it is looking to be a strong stock for the future even with all the pumping and all the news I might have to start keeping a few shares in my pocket for the future on this one.. I dont know if anyone has noticed but before the shares basiclly split , they gave 4 shares per one back in early May but the share price had hit $6.75 per share so given the share price divide by 5 is still $1.35 per share and they have gain millions more in contracts since then , That is why I am going to keep some free shares in my portfolio , Just in case it hits again in the $1.50 range .. Just My opinion on this ,,
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
low volume today, Looks like I will have to wait until volume picks up to sell. Hopefully more news out to boost interest.
Posts: 66 | Registered: Apr 2007
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posted
Looks like volume is going to be up today already close to one third of yesterdays volume of 993 k already traded in 30 minutes
Posts: 1986 | From: Florida | Registered: Mar 2006
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Hidalgo Mining (HMIT) Cancels 106M Shares of Insider Stock Commencing Stock Buyback Program
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Hidalgo Mining International (PINK SHEETS: HMIT), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that the Board of Directors of the Company have initiated steps to begin a buyback program of the outstanding common stock of the corporation. Jefferson Bootes, Chairman of the Board, stated "This buyback program is expected to strengthen the financial resources of the Company to carry out its asset acquisition programs currently underway. My full participation in this buyback program is inspired by my confidence in the success of these acquisition programs. The current shareholders will be contacted with details to participate in this opportunity."
Directors and officers of record have already cancelled 106M shares of common stock they held in exchange for voting participating preferred shares of the Corporation. Other insider shareholders are anticipated to follow suit with additional exchanges resulting in a significant reduction of the common shares outstanding. The cancellation of stock does not apply to the shareholders that have purchased HMIT securities in the open market. This cancellation applies only to the insiders, officers, and directors of the HMIT organization.
Additionally, Mr. Bootes further stated, "We have completed the assignment of assets to our operating subsidiary, Hidalgo Mining Inc. of Nevada. These mineral claims, options, and operations were brought into Hildago Mining International as a result of earlier merger activity of the corporation. The consolidation of this operating subsidiary under my continued direct control creates greater flexibility in pursuing future acquisitions and accountability for business development."
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (www.hidalgointernational.com)
Disclaimer:
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future plans. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks detailed in Hidalgo Mining Internationals' periodic report filings with the Securities and Exchange Commission. Hidalgo Mining International undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Hidalgo Mining Internationals' expectations.
Source: Hidalgo Mining International
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
I bought more this morning at .40 when it went down. I bought more yesterday before close at .42, so hopefully this news rallies this today.
Posts: 66 | Registered: Apr 2007
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