The Company Confirms Its Commitment to Its Arizona Gold Projects and to the Creation of Shareholder Value
NEW YORK, NY -- (MARKET WIRE) -- 02/09/05 -- Great West Gold, Inc. (OTC BB: GWGO) takes pleasure in informing its shareholders of its continuing commitment to the exploration and development of its two Arizona Gold Mining Projects. The Company is currently in the planning stages to further explore these Projects and to develop a cost-effective strategy to bring these projects to production in due course. It is expected that further progress will be made in and during this quarter and shareholders will be kept advised of these developments. It is intended that the Company retain a professional Investor Relations firm to deal with shareholder communications in order to deal with the countless enquiries from both investors and interested parties.
The Company has elected not to continue with its Projects in Mali, West Africa, due to the cost of maintaining these concessions and the costs of achieving actual production from these Projects.
The Company remains committed to becoming a producer of gold in and during this year.
The Company recognizes that its dismal share price performance requires certain corporate restructuring and to this end, discussions with various professional firms are ongoing. Shareholders will be advised as to the outcome of those discussions in due course. The Company is committed to the creation of shareholder value and will ensure that a sensible solution is found in order t nease with which USA-based shareholders (and the USA equity markets in general) view early-stage projects in other countries of the world, particularly in Africa.
Attempts to alter this view of Great West Gold, Inc. in these markets have not been successful. Although the five projects held by the company in Mali, West Africa, for the past year or so are each of considerable merit as minerals projects, and deserving of further developmental work, a more holistic perspective of the company shows that these "internal" considerations are only part of the overall business of the company.
It is therefore with a measure of regret that Great West Gold, Inc. confirms that it is now terminating its involvement and participation in all of its projects in Mali.
Thee Chairman of Great West Gold, Inc.'s Advisory Committee, Dr. Wayne P Colliston, completed a re-assessment of the company's recently-acquired Mockingbird gold-silver-copper property situated in Mohave County, Arizona, USA; and the summary of his reports are as follows:
Dr. Colliston reports that the Mockingbird mineralization is tectonically and structurally controlled, an important feature which may not have received sufficient attention from previous owners of the property. Mockingbird is an historic gold producer, with some 15,000 ounces from high-grade ore at an average grade of 0.8 oz/ton being produced. Most of this production was from the Mockingbird Mine itself, the centerpiece of the Company's present land position. Other mines which produced gold at this location included the Great West, the Hall (Dandy) and the Pocahontas Mines, all of which are included in the Company's property.
Great West Gold, Inc.'s Mockingbird Project contains a new and important type of gold deposit, a "detachment fault" deposit (first recognized as a separate form of gold deposit in the 1980s), and the best example of which is Copperstone. This was the biggest gold discovery in Arizona in the past 50 years. Cyprus Gold profitably mined the 500,000 oz open pit Copperstone resource during the 1980s. Based on underground drilling by the American Bonanza company, it is likely that the underground high-grade resource at Mockingbird is even larger.
The Company's mining title consists of 2,500 acres of mineral rights comprising a number of federal claims with 3 lode deposits and 16 placer deposits, as well as the Mockingbird Claims. Significantly, these include the 4 existing mines -- Mockingbird, Great West, Hall (Dandy) and Pocahontas, all of which contributed significantly to the past gold production in this important gold producing mining district.
Mineralization is found both in quartz veins and in breccia zones hosted by steep faults, with the mines located along north-west to east-west striking, north-dipping to flat quartz veins containing specular hematite, oxidized copper and free gold. The nature of these structures and associated mineralization suggest even further potential for a major detachment fault-associated gold/copper deposit, similar to the proven and mined Copperstone and Mesquite deposits.
The Mockingbird Project area therefore has the potential for the development of a large gold reserve. Anaconda estimated a deposit at Mockingbird of at least 10 million tons grading 0.05 to 0.1 oz/ton gold, with additional resources of silver and copper, putting the potential deposit size in the range of 500,000 to 1,000,000 ounces of gold, approximately the same size as Copperstone. The Anaconda estimate is corroborated by US Geological Survey Open File Report 92-002 and the Arizona Department of Mines and Mineral Resources.
At the current gold price of approximately US $400/oz, this provides a value estimate for the deposit in the range of US $200 to $400 million. The estimated gold resource does not include any potential from the 16 gold placers identified on the property.
Michael Saner, the CEO of Great West Gold, Inc. is of the opinion that our challenge now is to explore and develop the property from its present stage to that of a proven ore body (or ore bodies) and move to put it into production as soon as possible.
The Chairman of Great West Gold, Inc.'s Advisory Committee, Dr Wayne P Colliston, reports on the 1,300 acre Bouse gold (silver - copper) property situated in the La Paz area of western Arizona, USA, near the California border, as follows:
Dr. Colliston reports that the mineralising event at Bouse was a mid-Tertiary epithermal event, causing complex mineralization of gold, fluorite, barite, and associated metals into previous copper-specularite mineralization. The prime cause was regional crustal extension along the Plomosa Fault, just north of the Plomosa Mountains, which has now been identified as a detachment fault. The "detachment fault" style of deposit is best seen at Copperstone, the biggest gold discovery in Arizona in the past 50 years, where 500,000 oz of gold was profitably by Cyprus Gold in the open pit there. The Mesquite mine is another of this type.
Mineralization at Bouse is located primarily below the fault trace, in the lower plate, in pre-Cambrian rocks older than 1 billion years. Mineralization is found both in steeply dipping quartz veins and in laterally extensive breccia zones. The nature of these structures and associated mineralization over almost all of the 1,300 acres suggest further potential for major detachment fault gold deposits, and other deposits associated with this style of mineralization.
The Bouse area is an historic gold producer, with the Little Butte open pit and underground mines as known producers. Importantly, the historical grade recovered here averaged over 0.4 oz/ton. Around 2/3 of this production was from the Little Butte Mine, where the Arizona Department of Mines and Mineral Resources has recorded that the results of a 16-hold drilling programme showed about 5 million tons of inferred ore grading between 0.05 and 0.30 oz/ton.
Others areas of interest within the Company's 1,300 acres are the Brindle Claims, the high grade Arrastre Mine, the Blue Slate Mine and the Flat Fault Mine.
At the current gold price of approximately US $400/oz, this provides a value estimate for the deposit in the range of up to $600 million. This estimated gold resource is for the little Butte area only, and does not include any potential from the remainder of the property.
The CEO of Great West Gold, Inc., Michael G Saner, said that as with our Mockingbird project, the Bouse gold project is also identified as a detachment fault deposit. This is another prime property for the discovery of a substantial gold reserve in Arizona.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Contact: Great West Gold, Inc. info@greatwestgold.com
Posted by prdponce on :
What do you think it will do from here? are you in?
Posted by justplayin on :
I have been in on this for quite a while, this will be a long hold IMHO.
Posted by TonkaToy on :
No Im not in. Company closing down some operations in Africa and focusing on Arizona mines. I hate mining companies.
However, it does look like it's going up. Some more volume should pop it. Lots of buys in @ .0015
Posted by prdponce on :
Same here, I told you that already, CMKX experienced.
Posted by TonkaToy on :
I hate CMKX too. Got burned and cursed mining companies forever.
Posted by JARW on :
For the short term, i could see this one being fine (a couple of days). Eg. Put in 1K an sell with a 25-30% gain.
In my opinion, the shut down in Africa is positive. Too many companies now a day, don't pull out when they are encountering losses. Since it usually worries investors when companies retrieve. But in the long ru, short term losses are always better then long term losses. Usually ego plays a big role in this deparment.
At the present it's taking a dip, probably a good time to buy!!!
I myself am not holding, but am considering!
Posted by Ktrain420 on :
this will need alot more volume for it to pop.........good luck
Posted by prdponce on :
I guess you missed GONT this morning. Man Corr has not done Sheet. I just keep watching it.
Posted by TonkaToy on :
quote:Originally posted by Ktrain420: this will need alot more volume for it to pop.........good luck
Agreed. Its no where near its 20d avg of 15.1 million
Posted by TonkaToy on :
Got some volume now.
Posted by Jong on :
Volume is good and the ask has just risen. Could be a strong close today and a strong open tomorrow. IMO Jonathan
Posted by Jong on :
Level II at the ask looks great. .0013 all the way up to .0043. If we get some buys this could fly. IMO
Jonathan
Posted by Jong on :
Bid and ask up premarket .0013 x .0014. Looking for a strong open and hopefully a strong close. IMO Jonathan
Posted by TonkaToy on :
Looks good Jong. Had some good volume yesterday.
Posted by Jong on :
If we get good volume this morning i think we could make a nice run. We shall see. Jonathan
Posted by Jong on :
The MM's are solidifying the bid. 3 at .0013. We should move when volume starts coming in. IMO Jonathan
Posted by TonkaToy on :
More news out
Company Comments on Short Positions on Its Stock
NEW YORK, NY -- (MARKET WIRE) -- 03/03/05 -- Great West Gold, Inc. (OTC BB: GWGO) announces that its shares of Common Stock are shown on the 'Regulation SHO Threshold Security List' clearly demonstrating the attention regulatory agencies are focusing on the 'Naked Trading' of securities. The 'threshold security list' is a list of any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days (1) There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; (2) The level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding; and (3) The security is included on a list published by a self-regulatory organization (SRO). The list of all corporations on the watch list can be found at http://www.nasdaqtrader.com/aspx/regsho.aspx. Mr. Michael G. Saner, CEO of Great West Gold, Inc., stated the Company is pleased that Regulation SHO is now effective. The added emphasis and focus of regulatory agencies upon this questionable activity should help extinguish Naked Shorting and protect investor values and restore confidence in the value of the company's shares.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Contact: Great West Gold, Inc. E Mail: investor@greatwestgold.com
Posted by TonkaToy on :
If fact, GWGO has been on the SHO list for about 6 days now:
GWGO|GREAT WEST GOLD, INC.|U|Y||
Only a few more days left for the shorts to cover.
Posted by bsuds on :
They are going to have to buy the shares back at a more expensive price now. Great send me to penny land:))
Posted by TonkaToy on :
haha, I'll meet you there bsuds.
Posted by TonkaToy on :
Up 20% out of the box.
Posted by TonkaToy on :
Uptick
.0012 x .0013 up 30%
Posted by TonkaToy on :
Nice buys coming in at .0013!
Posted by bsuds on :
CHOOOOOOOooooooooo CHOOOOOOOOooooooo
Posted by TonkaToy on :
UPTICK .0013 x .0014
BSUDS is it only me and u in this?
I hope more are in!
Posted by TonkaToy on :
Up 40% now
Posted by justplayin on :
I'm here with you all.
I don't have enough shares to get that excited with a couple uptics, but am hopeful Posted by bsuds on :
I hope not. Because this train left the gate and is takeing us to a place called penny land.
Posted by TonkaToy on :
Looks like that was the dip. back up to .0014 now.
Posted by GHOSTRADER on :
im in long with 2 mill benn in theis for ever hope to go to penny land too
Posted by bsuds on :
It's win win with a 25% dividend. I hate to say it............Wait I love to say it.............. ya can't lose!!!!!!!!!!!!!!
Posted by TonkaToy on :
LOOK at the buys at .0014! WOW.
Posted by pagal on :
NEW YORK, NY--(MARKET WIRE)--Mar 2, 2005 -- Great West Gold, Inc. (OTC BB:GWGO.OB - News) announces that the Company has authorized a 25% (twenty five percent) dividend of the Company's common stock for its shareholders of record as of Thursday, March 17, 2005. The Stock Dividend Pay Date to shareholders will be shortly after that date. With this, the Company wishes to thank all its shareholders for supporting the Company's efforts in the development of the Company's mining properties in North America.
Michael G Saner, the CEO of Great West Gold, Inc. said that was he delighted that shareholders were being rewarded in this manner and hoped that this would contribute to increased support for the Company and its Mining Exploration efforts and hoped that this would offset some of the losses suffered by the Company's shareholders caused by the very substantial fall in the Company's share price in recent months.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
ADVERTISEMENT
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Posted by TonkaToy on :
Only 3 MM left at .0014
Posted by bsuds on :
She running again vol. is realy coming through. .0014
Posted by TonkaToy on :
Looks ike lunch is over. Shes a moving.
Posted by TonkaToy on :
uptick
.0014 x .0015
Posted by TonkaToy on :
WOW SHES REALLY MOVING! up 50%
Posted by TonkaToy on :
Uptick UP 60% .0015 x .0016
Posted by bsuds on :
WEEEEEEEEEEEEeeeeeeeeeeeeeeeeeeee
Posted by TonkaToy on :
.0016 x .0017
Posted by justplayin on :
Come on .01, I need to break even after the WAGI crap you pulled.
Go Baby GO!!!
Posted by TonkaToy on :
this is looking mighty tasty
Posted by TonkaToy on :
.0017 x .0018
Posted by TonkaToy on :
VOLUME IS NUTS
114 million!
Posted by bsuds on :
LoooK out aboveeeeeeeee....................
Posted by TonkaToy on :
.0018 x .0019 UP 90%!!!
Posted by TonkaToy on :
IS everyone seeing this? This is AWESOME.
Posted by bigblaster on :
GO GO GO
Posted by TonkaToy on :
Were up 100%
Posted by bsuds on :
Ladies and Gentelmen we are crusing and 50,000 ft. and I would like to welcome you to Penny land.
Just sit back and enjoy the ride.
Posted by TonkaToy on :
Look at the buys WOWOOWOW
Posted by bigblaster on :
YEAH BABY!
Posted by pagal on :
Hey If I sell this stock, Will I get any dividends
Posted by pagal on :
I bought this stock today and If I sell this stock today, is i am eligible for Dividend
Posted by pagal on :
Runing like crazy dude
Posted by bsuds on :
IS this a shake?
Posted by TonkaToy on :
Looks like it.
Posted by TonkaToy on :
looks like buys coming back in now at .0019
THE SHAKE IS OVER..NOW MOOOOOOOOOOOVE
Posted by bsuds on :
Up UP and awayyyyyyyyyyyyyyyyy
Posted by Bearclaw on :
Good call Tonka...I'm in
Posted by TonkaToy on :
Crazy buys at .002!
Posted by pagal on :
Should I hold for dividend or Should I sell the stock?
Posted by TonkaToy on :
Im not gonna hold for the dividend, Im gonna hold for the pps to go up. =]
But it's your call.
Posted by TonkaToy on :
The volume just wont stop, at 212 million already!
Posted by bsuds on :
I know It's just Fk'n NUTS!!!!!!!!!!!!!!!!
Posted by TonkaToy on :
People still buying at .0019. This is getting fun to watch.
Posted by TonkaToy on :
Nice buys coming it at .002!
Posted by TonkaToy on :
.002 x .0021
buy coming at .0021 now
Posted by Bearclaw on :
This is gonna run like hell today... MM's can't keep it down...Plow baby plow through to .01
Posted by TonkaToy on :
.0021 x .0022 this is good stuff
Posted by iknowlessthannothing on :
yea ...like i really believe the market makers...just CANT seem to hold it down...well i say watch them
Posted by iknowlessthannothing on :
im trying reverse psychology here cause im actually holding this....boy would i love to see .01 or .10 for that matter...but is it being pessimistic or realistic to think that a double for two days in a row here is good enough....are you greedy or just a dreamer
Posted by bsuds on :
Those MM's need to quit playing games and let this thing run
Posted by iknowlessthannothing on :
just funnin with ya bearclaw...im out at .0028...good luck to all those remaining...i wont lament if i missed some kind of continueing explosive ride (actually ill probably be steaming mad) but i have a feeling this will sell off by eod....hey im no fortune teller ..but who is in the otc...if you find one ..i want to meet him
Posted by Bearclaw on :
No problem IKNOW...bullstox.com just put it out as a mover today at 1:03 PM...Let's see what the market does...Made two tries at .0022 and the MM's held their ground...Another run coming...
Posted by iknowlessthannothing on :
boy am i screwed up today...im still in gwgo ....actually i got out of rwlne at .0028...sorry about that...i have to wait till at least .013 to get out of this even money...unless of course i buy some more shares and try to double up
Posted by TonkaToy on :
I got out at .0022. Had to take my 2 bagger and move one. Best of luck t all of you!
Posted by Bearclaw on :
What are folks looking for today?
Posted by bsuds on :
And we've left the starting gate.
GO GO GO
Posted by Bearclaw on :
Get's past resistance at .002 and can fly...volume up
Posted by bsuds on :
Come on papa needs a new pair of shoes:)
Posted by Bearclaw on :
bsuds... Resistance yesterday at .0022...Stopped it twice...looks like it's going past that this morning...go baby
Posted by poorman on :
quote:Originally posted by Bearclaw: Get's past resistance at .002 and can fly...volume up
.022 MOVING UP QUICK
Posted by bsuds on :
WEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeeeeeeeee
Posted by pagal on :
Its running like a rocket
Posted by poorman on :
Dropping back. Just a shake? Don't know why its moving.
Posted by Bearclaw on :
NITE stepped on it yesterday afternoon but we got to .0023...just a shake
Posted by Bearclaw on :
This is on the SHO LIst...
I am not familiar with this list. Can anyone explain to me what this means especially in terms of PPS when and if and when it comes off the list. Thanks...
Posted by bill1352 on :
did you folks see that the o/s is over 6 billion shares?? i missed the run but looked at it as a possible second day run. saw 6 billion o/s & just watched. that first day run might have been a cover if on SHO
Posted by franklinisp on :
GWGO Shareholders:
I have been watching for the past several months. No S8 Shares, common shares or restricted shares have entered the market since last year. Regardless of all the bashing of "Toxic Funding", the bottom line is NITE has been making illegal illegal short sells ever since penny land.
With the new NASDAQ SHO LIST reg, the MM has been caught and will need to cover sooner or later. Five days has now passed since the list came out, and GWGO is still on it. The company announced a 25% stock dividend to help short squeeze any shorters.
GWGO is up 120%+ for the week. Long term investors are expecting a drop early this week, before another upward run. Nite has been shorting since penny land, so we can only speculate how much needs to be covered. Regardless, if the stock breaks .003 sometime next week it will strike a penny land quickly.
Posted by franklinisp on :
GWGO NEWS:
Buy before the 17th of March and get another 25% stock dividend...
NEW YORK, NY, Mar. 07, 2005 (MARKET WIRE via COMTEX) -- Great West Gold, Inc. (OTC BB: GWGO) announces that it is now "hiving off" its Arizona Gold Mining Projects into two new separate companies. These companies will operate independently of each other but remain under the control of Great West Gold, Inc.
The two new mining companies will each raise capital from external sources to fund the Company's mining plans for these projects. It is anticipated that this will result in an acceleration of the Company's plans to bring these Gold Mining Projects to production. The Management of Great West Gold, Inc. have deemed it to be unacceptable to raise any additional capital through any further issues of Great West Gold, Inc. shares of Common Stock, with the current share price being at unrealistic levels.
The Company recognizes that its dismal share price performance required an immediate corporate restructuring and to this end, it has been decided that it is not in shareholder interests for the company to continue to issue shares to raise further capital to fund its planned production of the Projects. The Company is focusing on and is committed to the adding of value for its shareholders, rather than any further dilution of shareholder value.
It is very likely that the Company will seek to introduce these two new Mining Companies to the Market as individual quoted entities on the OTC Market in the forthcoming months. It is expected that Great West Gold, Inc. would control not less than 75% of the outstanding shares of these new companies after these new companies have issued shares of their Common Stock for cash to complete their individual capital raising. It is envisaged that the two new Companies will have a fairly low number of outstanding shares and that these shares of their Common Stock will be restricted under Regulation 144, thereby protecting their shares prices in the market in respect of their "free trading" shares. The Company's existing Management and the Advisors to Great West Gold, Inc. would continue to manage and advise the two new Gold Mining companies.
The Company remains confident that its Gold Projects can be brought to a limited production level at an achievable capital cost and over a relatively short period of time utilizing fairly inexpensive mining processes.
Michael Saner, the Company's CEO, commented that over the past few months, the share price of the company has been languishing at exceptionally low levels. An analysis by the company's management into this situation have indicated that a strong contributing factor to this under-valuation of the company's assets, and consequent continued under-performance of its share price, required a drastic, yet innovative, corporate restructuring in order to restore shareholder value. The creation of these two new separate, well-funded and independently quoted Gold Mining Companies would accurately reflect the value of the Company's Gold assets and allow the Company's assets and operations to flourish in a relatively short period of time.
Great West Gold, Inc. will continue to update its shareholders on its progress in respect of the structuring of these two new Gold Mining Companies, their fund raising efforts and their progress in seeking admission to and obtaining a quotation on the OTC Market.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
Posted by Bearclaw on :
Good news...watch for this to run today...Do your DD...
Posted by franklinisp on :
GWGO LVL II UP: .0017X.0018
The Wall back at .0021 has already lost two MM. Also, pre-market purchast at .0018. It may run early.
Good entry point with the news today.
Posted by BchOus on :
I am not understanding what is going on with GWGO. It sounds like positive info, but there was a big sell off....Is this a good or bad stock to hold? Thanks in advance.....
Posted by Bearclaw on :
I'm holding mine...Looking for this to break resistance and run...but...do your own DD and decide
Posted by BchOus on :
Thanks for the info....I need to study nights...have alot to learn yet...I'm staying....
Posted by franklinisp on :
BEAR/BCH:
I stated in one of my prior post that a hard shake down would occur early this week. I cannot confirm that it was the one from this morning or not. We do know one of the MM is still short and needs to cover with 8 more days.
With the new spin off, the company has now assured everyone what I have been posting....No S8 shares, common shares or restricted shares will be coming into the market.
I expect another shake down before the next leg up. However, if you peer at LVL II, you will see all the MM are above .002 and Nite is the one trying to keep it down. That happens to be the same MM I think has been short selling since penny land.
Posted by Bearclaw on :
Frank... I agree...NITE has some catching up to do then clear to go...
Posted by franklinisp on :
GWGO UPDATE SHORT/LONG TERM SHAREHOLDERs:
The press release's today confirm that the company is aware of being on the NASDAQ SHO LIST. They also confirm the co. is not willing to dilute the share price any further with S8,common, or restricted shares. They have issued a press release about a 25% stock dividend for holders by 3/17/05.
Its my understanding the company has communicated its concerns regarding naked shorts through the proper channels. At this point, no proof is on the table, but we all know NITE has been behind alot of it. In fact, based upon emails I have rec'vd, they are watching that MM closely. If you have LVL II you can clearly see, just about any trading day, that NITE is pushing this down. The only time anyone else moves down on the ASK is IF an investor gets tired of waiting and unloads his/her shares.
Common sense tells us, the lower he can push or "scare" investors into selling, the sooner and cheaper shares he can get to cover. In a perfect world, if everyone held, and even "locked" his/her shares, this would be alot harder. Investors can also commuicate concerns with brokers and the SEC regarding MM ways.
The only concern I have, is if the short sells are legal or illegal cert. If they are legal, he is going to have to cover PERIOD. If however they were illegal short sells to begin with, no one can do anything. That is the LOOPHOLE in the system. Someone in DC needs to fix it.
App. 8 days remain for the cover to be complete. Something tells me, based upon LVL II, MM NITE is trying to force it down as far as possible before a high swing up. The resist is around .003. IF it falls on on upswing, this stock will break out and those whom scared off will be left in the dust.
Management wants to do everything possible to avoid the death spirals common in BB stocks. They are being very proactive at this point.
I would recommend that anyone looking for a daily 100% gain get the heck out now. You are dreaming. I cannot stand day traders who force the price down by unloading shares because they are not up 50%+ the next day.
So...can't we all get along!
GWGO is still up 100%+ since last week.
ALL OF THIS IS IMO! PEACE TO ALL
Posted by franklinisp on :
GWGO LVL II MM
Two MM on BID @ 9999!!!
What the heck is the all about? Someone get a buy signal?
Posted by franklinisp on :
GWGO BREAKING OUT!!! BUYING PRESSURE COMING IN...
Posted by franklinisp on :
GWGO NEW HOD!!! .003 may fall today.
Posted by Grandfanuke on :
I agree this is going up today. Rumor of insider buying. 25% dividend coming.
Posted by vinnie filoia on :
ANYONE WHY WOULD THIS NOT BE GOOD TO BUY THANKS VINMAN
Posted by d6veteran on :
I'm in. Lots of PR hitting Yahoo today.
Posted by bill1352 on :
i was watching this for a week at .0005 looking for a run because the charts showed one was possible. 2 things took it off my watch list the main 1 was 6.5 billion o/s according to last q10. i liked the stock & i wish i had watched it longer...the day i removed it it started the run....lol it may be shorted but i'd becareful with that high an o/s. they have a 100 billion a/s but it looks as if they have no pressing need to dilute any further.
Posted by Grandfanuke on :
Must be loaded with new revenue then with the dividend coming....
Posted by franklinisp on :
BILL:
According to transfer agent the Auth share count is 10 billion NOT 100 billion. Shares out are roughly 7.5 billion with 2.5 billion of that on the restricted list.
The company has issued a 25% dividend by 3/17/05 and is spinning off two new companys that will begin the mining. GWGO will own 75% of the OS to avoid in funny business by MM.
Very committed to shareholder value. I have heard inside buying and also heard the investment guru Lebed is buying in. Neither of those "rumors" has been proven true at this point.
Either way, this price is still a good entry point. If it holds all afternoon, then it will most likely run fast in the morning.
GLTA.
Posted by franklinisp on :
CHK LVL II..AFTERNOON RUN SET:
NITE LAST ONE BELOW .002 again.
Posted by Grandfanuke on :
Heading north again....
Buzz on RB boards picking up....
Posted by d6veteran on :
I got some more. Can't find any red flags in my DD ... in fact everything looks great.
See you after the 16th Posted by d6veteran on :
Notice the high today of .02 (NOT .002). Someone must have bought at .02, forgetting to put in an extra decimal place. That has got to hurt.
Nice Chart. This could see a big shot up in the morning and run all day. Just have to wait and see, but that chart seems to suggest so.
Posted by bsuds on :
I sold my position in this stock. GWGO made me some good coin. I like the company and I think with all the good news there is a potential to make even more bread. But the one thing I hate about this stock is those FK-IN MM's hold the stock down. I am waiting to get in when the position is better.
Posted by rickpic on :
Im in!
Good Luck Rick
Posted by pagal on :
Is 25% dividend to total share one have or the 10 billion.
Like if someone have 1000 share he will get 25% of 1000 or......
Posted by d6veteran on :
They are saying no more dillution ...
Great West Gold, Inc. -- Corporate Restructure Monday March 7, 8:00 am ET Company to Split Its Arizona Gold Projects Into Two New Companies, Raise Additional Funding and Escalate Its Operations
NEW YORK, NY--(MARKET WIRE)--Mar 7, 2005 -- Great West Gold, Inc. (OTC BB:GWGO.OB - News) announces that it is now "hiving off" its Arizona Gold Mining Projects into two new separate companies. These companies will operate independently of each other but remain under the control of Great West Gold, Inc. ADVERTISEMENT
The two new mining companies will each raise capital from external sources to fund the Company's mining plans for these projects. It is anticipated that this will result in an acceleration of the Company's plans to bring these Gold Mining Projects to production. The Management of Great West Gold, Inc. have deemed it to be unacceptable to raise any additional capital through any further issues of Great West Gold, Inc. shares of Common Stock, with the current share price being at unrealistic levels.
The Company recognizes that its dismal share price performance required an immediate corporate restructuring and to this end, it has been decided that it is not in shareholder interests for the company to continue to issue shares to raise further capital to fund its planned production of the Projects. The Company is focusing on and is committed to the adding of value for its shareholders, rather than any further dilution of shareholder value.
It is very likely that the Company will seek to introduce these two new Mining Companies to the Market as individual quoted entities on the OTC Market in the forthcoming months. It is expected that Great West Gold, Inc. would control not less than 75% of the outstanding shares of these new companies after these new companies have issued shares of their Common Stock for cash to complete their individual capital raising. It is envisaged that the two new Companies will have a fairly low number of outstanding shares and that these shares of their Common Stock will be restricted under Regulation 144, thereby protecting their shares prices in the market in respect of their "free trading" shares. The Company's existing Management and the Advisors to Great West Gold, Inc. would continue to manage and advise the two new Gold Mining companies.
The Company remains confident that its Gold Projects can be brought to a limited production level at an achievable capital cost and over a relatively short period of time utilizing fairly inexpensive mining processes.
Michael Saner, the Company's CEO, commented that over the past few months, the share price of the company has been languishing at exceptionally low levels. An analysis by the company's management into this situation have indicated that a strong contributing factor to this under-valuation of the company's assets, and consequent continued under-performance of its share price, required a drastic, yet innovative, corporate restructuring in order to restore shareholder value. The creation of these two new separate, well- funded and independently quoted Gold Mining Companies would accurately reflect the value of the Company's Gold assets and allow the Company's assets and operations to flourish in a relatively short period of time.
Great West Gold, Inc. will continue to update its shareholders on its progress in respect of the structuring of these two new Gold Mining Companies, their fund raising efforts and their progress in seeking admission to and obtaining a quotation on the OTC Market.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward- looking statements.
Contact: Contact : Great West Gold, Inc. info@g...
Posted by Grandfanuke on :
I found this post to be very interesting... From RB...
"There's alot of companies that have been on the SHO list for a very long time,the counterfitters are saying screw you sec we'll cover when we want,and if we can't come up with the shares to cover,so what.Now comes little ol GWGO saying ok,you guys don't want to cover,we'll throw out a 25% stock divy right now so you guys will have to pay 25% more for counterfitting our shares.Now the problem is,who's going to make them cover at all?Going to be a very interesting week ahead.Alot of other companies are watching this to be sure.IMHO"
Posted by Grandfanuke on :
Like this one two....
Wall Street News Alert: Aggressive Traders Alert! March 4, 2005 Weston, FLA., Mar 04, 2005 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert` s "stocks to watch" this morning are: Goldtech Mining Corp. (OTCBB: GMNC), Barrick Gold Corp. (NYSE: ABX), Apollo Gold Corporation (AMEX: AGT), Bema Gold Corporation (AMEX: BGO) and Great West Gold Inc. (OTCBB: GWGO).
Aggressive investors and day traders may be watching Goldtech Mining Corporation (OTCBB: GMNC) this morning! Yesterday after the markets closed, the company issued a press release announcing that the Assays revealed evidence of Rubidium in addition to confirming the existence of Tin, Tantalum, Lithium, and Niobium at the Golpejas Property.
This could be great news for investors! Estimated market price for Rubidium is approximately US$25.00 per gram. Rubidium is an element of the alkali group and is recovered as a by-product in Lithium refining operations. The uses of Rubidium include medical applications for locating brain tumors and for treating breast cancer. It is also used in electronic devices such as cathode ray tubs, vacuum tubes, photo cells, and atomic clocks.
Investors continue to watch this company`s prospects! "We are thrilled that Rubidium has been identified. Since Lithium, Rubidium and Cesium are often found together, we are also testing for Cesium. We plan to release further Assays in the upcoming weeks," commented Tracy Kroeker, Chairman.
Posted by Grandfanuke on :
Another good one...
GWGO Shareholders:
I have been watching/in for the past several months. No S8 Shares, common shares or restricted shares have entered the market since last year. Regardless of all the bashing of "Toxic Funding", the bottom line is NITE has been involved in the illegal short sells ever since penny land.
With the new NASDAQ SHO LIST reg, the MM has been caught and will need to cover sooner or later. Five days has now passed since the list came out with GWGO, and they are still on it. The company announced a 25% stock dividend to help short squeeze any shorters.
GWGO is up 120%+ for the week. Long term investors are expecting a drop early this week, before another upward run. Nite has been shorting since penny land, so we can only speculate how much needs to be covered. Regardless, if the stock breaks .003 resist. sometime next week it will break out and could strike penny land quickly.
Posted by Grandfanuke on :
I think this is about to get scary as nite finishes covering and buyers flock in for the 25% dividend. When is the last time a penny stock gave a 25% dividend? Last thing the shorts want is a dividend when they are trying to cover. Hats off to GWGO management.
Going to make a fortune on this one!!!!!
Posted by d6veteran on :
Wow, this is looking spectacular! I wonder if I bought enough?
At any rate it will be a lot of fun to see how this plays out.
Posted by franklinisp on :
ATTENTION GWGO SHAREHOLDERS:
Some of the new sharesholders are going around re-posting my thoughts about the company on various message boards. I am not happy about that. I am neither a basher or promoter. I am not an investment advisor. If you cannot do your own research and backgroud checks, don't use mine! Shareholders trying to use my messages for his/her "personal" intentions will be addressed directly.
Thank you for understanding...
Now to the good stuff: If the rumors going around are true, then this company PPS will go up over the next week or so. New shareholders should get out now so long term shareholders do not have to deal with your weak hands. Valid shareholders should lock his/her shares if your broker allows it.
People going around posting old press releases crying "dilution" have other intentions. What happen last year, stays in last year! The 25% dividend will add more shares to the market only if ALL THE INVESTORS SOLD THEM. It will also close the AS count. This means the company can not issue any further S8, common or restricted GWGO shares. This has been mentioned in messages, emails and to some degree in press releases.
As I mentioned before, if the rumors are true and the price breaks resistances. It will go much, much higher.
GLTA
Peace.
Posted by franklinisp on :
GAPPING UP THIS MORNING! Should be a fun ride today.
Posted by franklinisp on :
GWGO LVL II .002 Falling.
Should run once resistance is broken.
Posted by d6veteran on :
quote:Originally posted by franklinisp: ATTENTION GWGO SHAREHOLDERS:
Some of the new sharesholders are going around re-posting my thoughts about the company on various message boards. I am not happy about that. I am neither a basher or promoter. I am not an investment advisor. If you cannot do your own research and backgroud checks, don't use mine! Shareholders trying to use my messages for his/her "personal" intentions will be addressed directly.
The problem is that when you post info opening with "GWGO Shareholders", it looks like PR mixed in with the other PR. In fact when I read your recent post, "ATTENTION GWGO SHAREHOLDERS", for a split second I thought it was another PR.
I've just never heard of a shareholder speaking like that.
I appreciate all your comments on this stock. I think you're dead on, but please don't presume to tell others that they are pumpers when they are promoting the stock just like you are.
You act like you have control over the market. You don't. This stock is winner, that we can agree on.
Posted by franklinisp on :
D6:
No problem! Peace to you my friend...
GWGO LVL II: NEW HOD ON STRONG BUYING.
Resistance could be broken today. Keep your eyes on it.
Posted by d6veteran on :
franklinisp, do you know how the dividends will work on this?
Posted by franklinisp on :
Yes...What are you wanting to know.
BTW its breaking out again today!
Posted by franklinisp on :
GWGO hit another HOD.
Posted by d6veteran on :
b/a spread looking good the whole climb!
Posted by d6veteran on :
Oh basically, it looks like they pay dividends for anyone holding on the 16th. So is the dividend based on the price eod on the 16th?
Posted by franklinisp on :
GWGO VERY BULLISH...MAY break .003 today.
Great support right now. Could go 100% today.
Posted by franklinisp on :
D6:
Its a share dividend that will eat up the remaining A/S. Yes the EOD is the 16th. Because it will use up the remaining A/S count, the company has already confirmed no dilution will occur with GWGO. Mining will be done with money from the two spin off companies which will be owned by GWGO!
Posted by franklinisp on :
GLAD TO SEE WEAK HANDS LEAVING:
Once we get this short term traders out of the way. MM will let it go for another run
Posted by d6veteran on :
The buys keep a coming. Strong accumulation.
Anyone wanna post the l2s?
Posted by franklinisp on :
D6:
LVL II request:
3 MM on bid aboue .002 2 MM on bid above .0021
1 MM on ask at .0022
Daytraders and shorts seem to be gone. Volume has dried up. Looking for next move upwards. As I mentioned before. Last time it got into the .003 range it shot up 200% the next day.
Posted by bullish_pennystocks on :
A big squeeze coming..the float is only 100m and the volume everyday is more than 100m.
By: big_returns 09 Mar 2005, 12:58 PM EST Msg. 834014 of 834129 Jump to msg. # GWGO.OB AT .0022--GOLD MINING CO ON SHO LIST--STOCK DIVY
READ ALL THE PR'S NITE IS HUGE NAKED SHORT..BIG SQUEEZE COMING
real gold mining co with a o/s of 2.9b of whick 2.8 restricted..float is only 100m
The Share Capital Structure of West Africa Inc, following the recent 10 for 1 "Forward Split" of the Common Stock is :-
The Share Capital Structure of West Africa Inc, following the recent 10 for 1 "Forward Split" of the Common Stock is :-
10,000,000,000 Authorized Shares of Common Stock.
2,912,559,200 shares of Common Stock are in issue at this time.
http://finance.yahoo.com/q?s=GWGO.OB Great West Gold, Inc. Reports on Regulation SHO Threshold Security List Monday March 7, 10:53 am ET Company Comments on Continued Short Positions on Its Stock Press Release Source: Great West Gold, Inc.
Great West Gold, Inc. Confirms Stock Dividend Dates Tuesday March 8, 7:00 am ET Company Confirms and Amends the Record and Pay Dates for the 25% Stock Dividend http://biz.yahoo.com/iw/050308/082240.html Posted by franklinisp on :
GWGO:
It gapped this morning. I expect it to gap again Thursday AM. It continues to be bullish.
Posted by d6veteran on :
22 will be overcome by am tomorrow I think.
Posted by franklinisp on :
The way LVL II is building, it may hit near HOD. Now 7 MM above .002. Look for strong close and GAP.
Posted by rickpic on :
I'm now holding 600000 free shares of this and it does still look bullish.
Good Luck Cheers Rick
Posted by franklinisp on :
As predicted, you guys need to check out LVL II this morning. MAJOR GAP UP. Open above yesterdays HOD.
Posted by forest on :
and the bid is 3 points above the ask...lol
Posted by franklinisp on :
LVL II: MM trying to see who will fall out of tree.
Only three MM left in the 2's.
Posted by d6veteran on :
Nice opening!
Accumulation just keeps coming.
Posted by andrewunknown on :
Nice little move so far this morning, with some good vol. coming in....could we .003 today?
Posted by franklinisp on :
GWGO Alert:
IF it breaks the .003 mark it could break out all the way to a penny. EOM.
Posted by d6veteran on :
Why do you say that franklinisp?
Posted by franklinisp on :
History:
Last time it was in the 3's it spiked 200% within 48 hours.
Check out LVL II again: GWGO Nice Shake! Bid Bullishness Rebuilding:
Glad to see weak hands moving out again. This volume is unreal this morning. We may see 100k+ within the next hour.
Posted by d6veteran on :
I think we already passed $100k traded ...
I'm trying to get some more filled on this slight dip.
Posted by *Magnetic*Microspheres* on :
Picked some up; looking good!
Posted by PJ on :
Picked up 1 Mil - lookin good!
Now is the time to buy!
Posted by PJ on :
up to ASK .0024
Go Go Go
Posted by franklinisp on :
LVL II suggest a new HOD is coming soon.
Posted by franklinisp on :
GWGO Update / LVL II VERY BULLISH AGAIN:
The GWGO website should be updated by Friday evening. I look forward to seeing the plans for AZ mining operations coming next QTR.
The 25% share dividend is for shareholders recorded on the 16th. Paid out on the 17th.
This payout should cover the remaining A/S the company has. They have already confirmed the board of directors has no plans to increase the A/S. To answer a common question: NO.
The two new companies, spun off and owned by GWGO, will have restricted shares sold to help pay the cost of mining startup and operation cost. As a GWGO shareholder we will own those companies and the assests. As a result, a R/S of the GWGO is not needed. The shares will be owned by shareholders and private investors.
Because the company has just moved off the NASDAQ SHO list, they are watching for short trades. I am sure they will be proactive in preventing further naked shorts in the future.
I expect a continued upward move with this stock. All IMO though!
GLTA - PEACE
Posted by franklinisp on :
GWGO LVL II: Another bullish close...
This stock continues upward move prior to March 16th. Looks like the moving avgs are showing great strength. Could see another strong close and GAP AGAIN in the AM. Just a click away from the HOD!
GLTA.
Posted by franklinisp on :
GWGO: Imminent Break Out!
Check the charts, and LVL II. Break out possible today.
EOM.
Posted by franklinisp on :
GWGO: New HOD!
Check LVL II
Posted by andrewunknown on :
Not much between here and .0028 - we're balanced on L2, but with all buys coming in, that is sure to tip the scale in our direction.... In fact, I haven't seen a single sell, thought there might have been one or two in the first two minutes. Once NITE is bumped from .0025, we'll have a new high, and then things could get interesting.... GLTA
AU
Posted by d6veteran on :
Can you post the l2s?
Another strong move out of the bell!
Posted by bullish_pennystocks on :
Great news..they know something.
By: topguntrades 10 Mar 2005, 06:57 PM EST Msg. 1635 of 1661 Jump to msg. # INST. BUYING! 6% of the shares traded today were bought buy institutions. Thats unheard of for a stock that trades under a penny. See you guys at a penny! http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=gwgo Posted by andrewunknown on :
L2s:
Bid: 1x.0022 2x.0024
Ask: 1x.0025 1x.0026 2x.0028 6x.003
Posted by d6veteran on :
not much between here and .003
Posted by franklinisp on :
GWGO LVLII:
Guys it will get there. The daytraders and short term holders are nearly dried up again. Accumulation is about over. Its being very bullish. BTW have you check out gold prices today?
Posted by d6veteran on :
No are they up again
This will move after lunch. Close at .25+ easily.
Posted by franklinisp on :
D6:
GWGO LVL II...now moving up.
8 MM's now on BID above 2 range 4 MM's now left on ASK in 2 range.
Lets starting knocking on 3!
Posted by franklinisp on :
D6:
GWGO LVL II...now moving up.
8 MM's now on BID above 2 range 4 MM's now left on ASK in 2 range.
Lets starting knocking on 3!
Posted by bsuds on :
The time is almost here. GWGO will explode on the MARCH 16th the day before they give out the dividend. I am looking for great upward movement the first half of next week. after the dividend I don't know I could either dump or explode.....only time will tell.
Posted by franklinisp on :
GWGO: Looking for sunny times next week.
LVL II pre-close: SCHB looking for shares at .0023 and no one selling. May try to bump it up at the very end so we can gap monday morning.
Posted by d6veteran on :
I wanted to see how hungry they are for shares and I sold a lot at .0025. That was the fastest I've ever seen an OTC order go through!!
If they are grabbing that quickly at the ask I think that is a good sign they need shares. Right?
Posted by franklinisp on :
MM's or Someone is supporting these levels. Its been in accumulation for the past several days. Daytraders and short term traders whom sold out have seen no great drop in PPS. In fact, as soon as shares are unloaded the MM drops way back on the ask.
Charts continue to suggest major break out anytime.
Posted by skipdeez on :
chart looks good, macd is rising and widening, i'm sure that is due to the upcoming dividend... do you think that everyone will dump this on friday after the dividend is paid? any chance for long term here?
GWGO: Starting to gap up this morning. Skip, I think a lot of long term holders are going to stay in until at least the spin off. Since the A/S is being used up, no further GWGO shares will enter into the market. Before, I could understand the concern, but now it should not matter.
Link to latest chart. Crossed the 50 DMA and continues upward:
GWGO: STARTING A RUN AGAIN!
Posted by bullish_pennystocks on :
big buying pressure..ready to move to .0050 levels before a penny..this will be worth in pennies when they announce the valuation of the gold claims and schedule of mining production this year..if they have big claims..this can easily go to 25-50 cents range
Posted by franklinisp on :
GWGO: BREAKOUT ALERT
RESISTANCE FALLING. BREAKOUT ANY TIME.
Posted by franklinisp on :
MAJOR BREAKOUT IN PROGRESS! EOM
Posted by bullish_pennystocks on :
looks like a squeeze now..shorts will have to cover to avoid 25% dividends on march 16..may see .01 by tomorrow
Posted by franklinisp on :
AGREED.
Next resistance is .005. Major buying pressure coming in. Signals indicated.
Posted by WeatherGuru on :
Just bought in at .0032 I'm new at this so I hope I made the right choice. We'll see what happens.
Posted by franklinisp on :
GWGO: 100% gain coming! Resistance broken EOM!
Posted by bullish_pennystocks on :
.0034..25% dividends will add more buying pressure and spike to .0060 and beyond as there will not be sellers
Posted by franklinisp on :
Hard Shake, Then 4's:
Next resistance is in the 5's. Who knows what will happen if that falls.
Posted by andrewunknown on :
MMs matching trades like crazy along with a decent bit of selling....
Posted by andrewunknown on :
MMs matching trades like crazy along with a decent bit of selling....
Posted by franklinisp on :
GWGO: NEW HOD. Ready to push through 4's. EOM
Posted by franklinisp on :
GWGO: Near HOD. Selling dried up. Good entry before afternoon run. Dividend this week. EOM.
Posted by franklinisp on :
GWGO: LVL II Bullish Close & Gap Up In AM:
GWGO continues its upward bullish trend. Two full trading days remain before the 25% stock dividend. Gains of 200%+ are possible this week.
Posted by franklinisp on :
GWGO: CLOSE IS GAPPING UP!
Posted by WeatherGuru on :
What do you think will happen when the dividend is paid out? Won't it be hard to sell after the dividend payout becuase there won't be enough buyers?
Posted by skipdeez on :
quote: GWGO: Starting to gap up this morning. Skip, I think a lot of long term holders are going to stay in until at least the spin off. Since the A/S is being used up, no further GWGO shares will enter into the market. Before, I could understand the concern, but now it should not matter
are you saying that there is going to be spin off stock some time after the dividend? Or are you referring to the dividend as a spin off? I didn't notice that in my DD. Be great if that's the case. I was thinking of dropping this on Friday or Monday, but if this is a good long term hold then maybe not...
any thoughts?
Posted by franklinisp on :
Skip,
Yes, the dividend is only the start. Two spin off companys are coming next QTR. They will be used to raise capital for mining. GWGO shareholders will own the companies. Therefore, no further dilution will be needed.
Posted by bmarley5780 on :
thanks frank for that opinion, I was too wondering about these divi's comin out and the affect on the compnay!
STAR for ya
Posted by franklinisp on :
GWGO: LVL II GAPPING UP AGAIN.
It may open in the 4's or above today and run from there
Posted by bmarley5780 on :
0036x0037 2x1
on ask 0037 0038 004 x7 0041 0042
Posted by franklinisp on :
GWGO: LVL II buying pressure starting to show up.
Posted by *Magnetic*Microspheres* on :
Let's blow through that .004!
Posted by franklinisp on :
GWGO: LVL II 4's Falling. Breakout Possible!
Posted by franklinisp on :
GWGO LVLII: NICE HARD SHAKEDOWN:
Looks like GWGO still in the green for the day. Shakedown expected after several strong runs. Looking for another shake up before the next leg up past 5's. IMO. Most weak hands and daytraders seem to be gone.
GLTA
Posted by PJ on :
Good time to buy in!
Posted by PJ on :
Come on! Break that .0035 !!!
Posted by bmarley5780 on :
0037x0038
1x2
so who here is holding for divi's?
Posted by WeatherGuru on :
I was in early today at .004 and I'm down a lot of $. I'm holding for the dividend payout. Just don't know what will happen after that? Perhaps I shall bail late tomorrow instead. We'll see.
Posted by tradin on :
Yea its starting to move again during lunch hours. That is good!
Posted by franklinisp on :
GWGO update: SETUP TO RUN THIS AFTERNOON!
Nice shakedown this morning. Good to see daytraders and short term holders moving on. Also noticed LVL II starting to quietly rebuild on the BID side.
Just emailed IR at GWGO. I have been informed the website will be up in 48 hours. Corp update early next week.
More important, here is the info regarding the dividend pay date. You will find it has the answers you need:
Starting to move up fast now. Look for breakout fast 5's!
Posted by franklinisp on :
GWGO: Possible breakout soon. Watch lvl II. If 5's fall it will run.
Posted by franklinisp on :
GWGO: NOW AT HOD! EOM.
Posted by tradin on :
Notice how SCHB is buying at .0039 and is sitting at .0042. I like it!
Posted by franklinisp on :
GWGO LVL II: IMMINENT BREAKOUT!
Posted by franklinisp on :
GWGO...New HOD
Posted by crazy8 on :
RUN BABY RUN ,,, I LOVE IT
Posted by andrewunknown on :
Whoa - nice jump from .0041 to .0044, and excellent buying pressure coming in - now at .0046 with 1.5M traded in the last 30 seconds. Watch out, boys and girls: not much between us and .005!
Posted by franklinisp on :
GWGO LVL II: IMMINENT BREAKOUT! Watch for 5's to fall. Could run 100% from those levels.
Posted by crazy8 on :
CAN`T WAIT TO SEE 3/16/05 TRADES
Posted by andrewunknown on :
3.75M traded at .0045 in the last 3 1/2 minutes - all buys except one.
Bid: 1x.0043 1x.0044
Ask: 1x.0045 2x.0046
Posted by andrewunknown on :
Buys are frigging pouring in at .0045. SCHB won't hold there much longer.... Ratio of buys to sells about 10:1.
Posted by franklinisp on :
Yeah, set to wipe out the 5's. I feel good it could go 100% from those levels.
Posted by crazy8 on :
GO BABY GO
Posted by andrewunknown on :
Watch - they might drop it here....
Posted by andrewunknown on :
Thought so - hold tight: the squeeze is on, but I think we'll break .0045 before EOD. Heck, maybe get to .005.
Posted by crazy8 on :
I Think your right andrew, it looks like smooth sailing from ...
Posted by franklinisp on :
GWGO Shareholders: Look for strong close & GAP UP.
A recent email to IR at GWGO has informed me of the following:
Management still thinks the stock is highly undervalued. They will release the updated website in the next 48 hours. An update to the corp. restructure will happen early next week. The company continues to monitor short positions and are watching certain MM's known for shorting this stock. They are trying to short squeeze those MM's. No toxic "dumping" by management is happening.
The 25% stock dividend this week will close up the A/S. Mangement has already confirmed no further dilution will occur. The board has no plans of a increase in A/S. The only "dilution" would be stockholders, and private investors dumping existing shares he/his holds. The current share count is 10Billion A/S. 7.5+ of that is "out" and 2.5 of that amount is restricted. Call the transfer agent and she will confirm this data.
GWGO shareholders will continue to benefit upward trend because of the two spin off companies that will be used to raise capital. The new capital injection will start the AZ mining. The higher gold prices go, in the meantime, the more money the company stands to make once the AZ project begins.
IMO. Based upon what I have received, 200% gains are highly likely short term.
Posted by andrewunknown on :
Ended the day with a 14% gain, if I'm doing my math correctly. This continues the steady upward trend. Tomorrow this will be flooded with buys, I'm guessing, in anticipation of the dividend. Maybe to .006 ahead of the dividend?
Posted by GuiltyMoney on :
14% thats not bad at all... +% Is always good.
Posted by andrewunknown on :
I'm with you on that, Guilty. Some pop, and some move up slow and steady; I'll take'm either way!
Posted by bmarley5780 on :
on traders nation
Traders Nation: Traders Nation, the largest syndicated 'LIVE' radio talk show for smallcap stocks adds twenty new affiliates
Phoenix, Arizona, Mar 16, 2005 (M2 PRESSWIRE via COMTEX) -- Traders Nation, known to be the largest syndicated 'live' radio talk show for smallcap stocks has been picked up by another twenty websites to carry our popular smallcap talk show increasing our dramatic lead in the market.
Stocks covered throughout the show (03.15.05) include: Great West Gold Inc (otcbb: GWGO) which closed (03.15.05) at .004 with the days volume of 157,885,000. Bluetorch, Inc (otcbb: BTOR) which closed (03.15.05) at .003 with the days volume of 96,824,600. Apollo Resources International, Inc. (otcbb: AOOR) which closed (03.15.05) at .75 with the days volume of 434,500. ER Urgent Care Holdings Inc (otc: ERUG) which closed (03.15.05) at .48 with the days volume of 319,800. Global Links Corporation (otcbb: GLKCE) which closed (03.15.05) at .111 with the days volume of 2,374,100.
The current rebroadcast (03.15.05) of the show features four segments. The first segment covers the top smallcap stories of the day. The second segment - Tom Allinder, co-host of Traders Nation, and Kurt Schemers, host and creator of Traders Nation - gives listeners the potential hot stock plays for the day. The third and fourth segments are open for industry experts, book authors, CEOs - a variety of interesting guests and callers.
Posted by franklinisp on :
Good job,
Just heard GWGO on traders nation re-broadcast!
Looking for strong volume.
Posted by franklinisp on :
Traders Nation RE-Broadcast: (GWGO)
Mentioned precious metals / oils continue to be hot stocks. Tom said he was watching consolidation on GWGO and would continue to monitor it. Prices mentioned were based upon yesterdays broadcast. Liked the T/A of this stock.
Posted by bmarley5780 on :
so all-in-all
GOOD FOR GWGO?!!!
Posted by franklinisp on :
GWGO: LVLII May brak resistance at 5's today. Watch for break out!
Posted by bmarley5780 on :
0043x0044
Posted by andrewunknown on :
Morning all - MMs are playing this morning harder than usual, so we might be in for a bit of a bumpy ride. Is today the ex-dividend date? Anybody have the scoop on the dividend timetable? Is it for holders of record by the bell today?
Posted by bmarley5780 on :
they need shares IMO////
Posted by iknowlessthannothing on :
it is for shareholders of record as of 3/17 which would be closing bell tomorrow....NEW YORK, NY, Mar. 02, 2005 (MARKET WIRE via COMTEX) -- Great West Gold, Inc. (GWGO) announces that the Company has authorized a 25% (twenty five percent) dividend of the Company's common stock for its shareholders of record as of Thursday, March 17, 2005. The Stock Dividend Pay Date to shareholders will be shortly after that date.
Posted by JOSHR on :
JMO, but if I held this stock and entered at a decent price, I would take profit and wait for the reversal; I don't see a .005 breakout on this run as it's far too overbought.
Posted by forest on :
thats what most are doing...taking their 50 to 100% profits...they dont want a paltry 25%...
Posted by andrewunknown on :
you wouldn't hold for the dividend, then?
Posted by JOSHR on :
Keep in mind, to be a shareholder of record your purchase of stock needs to be settled by your broker (in most cases, this takes three days); so, don't expect to buy at the bell tomorrow (if they do, in fact, announce the dividend tomorrow) and be included in the payout.
Posted by WinsumLosesum on :
Excuse me. I don't normally post here anymore, but I think this is important info. Looks like you need to own shares by the bell today, not 3/17.
Tuesday March 8, 7:00 am ET Company Confirms and Amends the Record and Pay Dates for the 25% Stock Dividend
NEW YORK, NY--(MARKET WIRE)--Mar 8, 2005 -- Great West Gold, Inc. (OTC BB:GWGO.OB - News) announced on March 2, 2005, that the Company has authorized a 25% (twenty five percent) dividend of the Company's common stock for its shareholders of record as of Thursday, March 17, 2005.
The Stock Dividend will not be paid to shareholders of Record on that date (Thursday, March 17, 2005) but to the shareholders of Record on Wednesday, March 16, 2005.
The Stock Dividend Pay Date to shareholders will be on Thursday, March 17, 2005 and shareholders' accounts at their Brokers will be electronically credited on that date.
Posted by JOSHR on :
as forest said, if I had entered at a point yielding the 50-100%, I would probably not wait for the dividend, considering the volatility of the pps and the unknown payout date at this time.
Posted by JOSHR on :
as forest said, if I had entered at a point yielding the 50-100%, I would probably not wait for the dividend, considering the volatility of the pps and the unknown payout date at this time.
Posted by andrewunknown on :
It is true that you need to hold by the end of the day today - I've been holding this since .0018. Wouldn't mind 25% of that....
Posted by franklinisp on :
Josh: The payout date is Friday morning. You will have your extra shares that morning to sell or hold.
Check out LVL II. Trying to hold it down as long as possible. Since this is the last day to get in, I would imagine an end of day run is coming. IMO!
Posted by JOSHR on :
But this isn't the last day to get in, 3 days ago was....but nobody knows that, so it's the last day in their minds. heh heh
Posted by JOSHR on :
Considering the payout is tomorrow, and you owned it three days prior to EOD today, I would wait on the dividend---but don't sleep in tomorrow. Posted by andrewunknown on :
I don't know - I may sell of and ride on free shares for tomorrow....or take it all off the table....
Posted by JOSHR on :
This is a normal sell-off after a run like this, but it'll tank tomorrow following the dividend.
Posted by JOSHR on :
ouch....0026 x 0027
Posted by andrewunknown on :
I don't think you have to wait for it to tank. Didn't play that one right at all, but got out with over 50% at least....
Posted by iknowlessthannothing on :
is this done for today or will it come back...any opinions
Posted by forest on :
well...i was right on something people taking their profit now before it tanks...well dont think it will ever hit .004 again..well not for a long time anyway...not with the increased shares that are going to be out there
Posted by bullish_pennystocks on :
the company will issue a PR to prevent mm's shorting and manipulation tomorrow
IMHO
Posted by JOSHR on :
I'm surprised we had this much of a sell-off, but you're wise for getting out, as you'd have been lucky to get out with the 25% you gain in dividends tomorrow.
Posted by JOSHR on :
I think if you could have picked it up at .0026, you could play the first support, but I wouldn't enter now.
Posted by bmarley5780 on :
WOW THAT WAS A HUGE SHAKE
Posted by JOSHR on :
yeah--I havent seen LII's move all at once since dial-up days...heh heh
Posted by franklinisp on :
GWGO: LVL II...
MM's wanted to take out stop/loss orders before next move up. Still a good entry if it hits 5's today.
Posted by bmarley5780 on :
lol
Posted by starz on :
whoa what's with all the negativity all of a sudden. well in this till friday. not moving till then and not worried about the price either
Posted by bmarley5780 on :
wow another bounce
Posted by JOSHR on :
damn im buying on this next dip I missed out on a few grand already lol
Posted by franklinisp on :
Yeah,
I'd love to get another 10m shares at this level. I know whats coming!
Posted by bmarley5780 on :
share .....
Posted by JOSHR on :
yeah....do? Have they affixed all of their shares with nifty parachutes?
Posted by JOSHR on :
Everyone is at lunch now, NITE is gonna play with himself for a couple of hours lol
Posted by franklinisp on :
Former GWGO Shareholders:
I am sorry to see the MM's brought the GWGO stock so low to trigger your stop/loss orders. However, I thank you and respect you for selling. My extra shares in the 2's you have given me should create a nice return shortly.
Best wishes and good luck in future ventures.
Peace to all.
Posted by JOSHR on :
quote:Originally posted by franklinisp: Former GWGO Shareholders:
I am sorry to see the MM's brought the GWGO stock so low to trigger your stop/loss orders. However, I thank you and respect you for selling. My extra shares in the 2's you have given me should create a nice return shortly.
Best wishes and good luck in future ventures.
Peace to all.
Perhaps some return by the EOD, but this thing is tanking tomorrow morning, and you won't be receiving dividends on those newly acquired shares.
Posted by JOSHR on :
Oh...and you're a smug SOB (knew I had forgotten something) Posted by franklinisp on :
Josh:
What is your agenda in this forum? If you had done one ounce of research, you would know the 3 day rule does not apply. The stock holders are to be recorded at EOD today. Pay out is Friday morning.
I can only assume, based upon your recent posts, your in this forum to scare as many as possible.
Now you go back and tell your boss I know what your up to!
Posted by d6veteran on :
In at .0019, out at .004.
I might buy low at eod to get the 25% share dividend, but I think the play on this one was mainly the accumulation up to today.
Good luck to all.
Posted by bullish_pennystocks on :
.0024 NOW..good buying oppty..don't why this selling today before the divies tomorrow
Posted by bullish_pennystocks on :
the company is mad at mm's manipulating share price in previous pr's..they will release a good one today or tomorrow to make them cover high
Posted by Jen on :
So boys, where' s this going today?!?? Posted by bmarley5780 on :
have no idea.....but we'll know in 47 mins. Posted by KonaRide on :
anybody see a r/s after things settle down?
Posted by franklinisp on :
Good morning:
I am sure by now, many know if they bought and held long enough to get the forward split shares. Ameritrade posted them last night.
Again, I have confirmed, NO R/S is coming! The A/S count is pretty much dried up. No "dumping" of shares has come through. Call transfer again to confirm.
News is imminent!!! Those of you whom listen to me, will be happy!
EOM... HAVE A FUN RIDE TODAY.
Posted by crazy8 on :
Check out level 2 this morning bid .003 ask .004 wow long and strong GWGO
Posted by Jen on :
I've been waiting for you to post..I'm a newbie and been in lurker mode for awhile. I held onto my shares - bought them at .0001 so let's hope for some good $$$ out of this. I'm happy so far
Thanks Franklin!! Good luck!
Posted by crazy8 on :
Thanks Frank I`m with you all the way on this one , and boy am I glad. lol
Posted by franklinisp on :
GWGO Chart:
Notice it coming off the 50 on the RSI? Good signal it will jump upwards again. IMO.
LOOKS TO BE ON THE MOVE AGAIN
Posted by chadsly on :
I jumped in at .0018. NITE currently has it in a bind, but it should really move high today (.0025) with a little more volume.
Posted by franklinisp on :
GWGO Update:
GWGO Update:
Emailed IR yesterday. Looks like the website re-design should be completed this weekend. It will have all the updated info regarding the new companies and mining projects. Lets see if that holds true, this time.
The corp update is now planned after the holiday weekend. Look for the PR to come out the first of the week.
It appears MM's accumulation continues. Nite does not seem to be up to his tricks anymore. That is a good sign. Expecting good news next week.
LVL II now shows 6+ MM's about the .01 mark. It may be a sign of things to come. This is the first time I have seen MM's sitting that high up on LVL II.
Posted by pennypro on :
GWGO- Should be a PR early next week !!!
Posted by bullish_pennystocks on :
bottom now at .0013..good buying oppty before next news..
Posted by crazy8 on :
I agree Bull doubled my holdings today... The charts look nice.
Posted by franklinisp on :
If it does not break through, then it will begin to slowly climb up again.
I personally have heard nothing from IR since early last week. They have failed to produce results on two specific items that my emails indicate would be done by now. (Website Revamp & Restructure Completion)
Still a great entry considering what is in the pipe.
Posted by bullish_pennystocks on :
news expected soon according to posters in rb..good entry point now,
Posted by franklinisp on :
GWGO Chart:
The PR has shot the stock back above the 50 DMA. It could begin another run if it holds.
Although the PR is similar to a prior PR there are a few very important points. One of them has now been made public:
"The Company confirms that it is not planning a "Reverse Split" of its outstanding shares."
Posted by WinsumLosesum on :
Great West Gold, Inc. to Demand Immediate Delisting From Berlin Bremen Stock Exchange
By Market Wire Last Update: 4/18/2005 12:17:58 PM Data provided by
NEW YORK, NY, Apr 18, 2005 (MARKET WIRE via COMTEX) -- Great West Gold, Inc. (GWGO) announces that it has just come to the Company's attention that the Company's shares have been listed on the Berlin-Bremen Stock Exchange without the knowledge, approval or cooperation of the Company. After further investigation, we discovered that in fact our shares had been listed without any contact with the Company whatsoever. The Company and our securities attorneys are to demand an immediate cease and desist in trading and the immediate delisting of our shares from their exchange. We have taken this action because they have never asked for any information or contacted our Company in any regard, and therefore our assumption is that someone other than our Company had an interest to have our shares traded on this exchange. We have deemed this to not be in the best interest of our Company and our shareholders.
The rash of naked shorting is rumored to now being orchestrated through this unregulated exchange. The constant sell pressure on our shares in the market for some time, despite positive news, may have something to do with this unauthorized listing. We have no direct evidence of this at this time but intend to investigate.
About Great West Gold, Inc.
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
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