Indef, I saw your post on 100% gainers. Are you in this one also. I believe it is at the bottom and could be a good play. This came out today. I also posted GWGOE however Im alot less sure of that one. Time will tell.
SAN DIEGO, CA--(MARKET WIRE)--May 1, 2006 -- Unico Incorporated (OTC BB:UNCN.OB - News), which focuses on the production of ores and precious metals in the U.S., today announced that the company's wholly owned subsidiary, Bromide Basin Mining Company, LLC, has signed a revised mining lease and option to purchase agreement with Kaibab Industries, Inc. for the Bromide Basin Mines.
ADVERTISEMENT The lease and option to purchase agreement is considered timely due to the potential of high-grade gold production at the Bromide Basin Mines in the Henry Mountain Mining District in Garfield County, Utah.
"The Bromide Basin Mine has always been viewed as an important acquisition for Unico and its shareholders, but with the price of gold topping $650 per ounce, the fact that Bromide Basin is a true 'gold play' further emphasizes its importance for Unico," said Mark A. Lopez, chief executive officer of Unico, Inc. "By extending the lease and purchase option well beyond its original expiration date, Unico now has an ideal and unique opportunity in our portfolio of properties to capitalize on skyrocketing metals prices."
The new revised mining lease runs through October 31, 2006, and grants to Bromide Basin Mining Company the option to purchase six fully permitted patented mining claims and twenty-one located mining claims comprising in all over 400 acres of Bromide Basin. The purchase option exercise price is $835,000.00 for all specified mining claims, mill sites and dumps being leased. If all terms of the agreement are met, Bromide Basin Mining Company will have the right to extend the term of the lease and option to purchase agreement for an additional year, through October 31, 2007, by giving Kaibab Industries notice by September 30, 2006. As consideration for this third revised lease agreement, the company has also agreed to pay in advance the sum of $5,000 per month and pay Kaibab Industries a five percent net smelter return upon all ore taken from the leased premises each month, to the extent that the amount for any month exceed the $5,000 monthly base rent.
The Bromide Basin Mining Company has paid to Kaibab Industries $63,591.62 for past due lease payments, taxes and mine fees on the previous mining lease agreement, which expired on November 1, 2005. The company has also paid $125,785.20 to Kaibab Industries as payment-in-full for the original equipment purchase agreement dated April 1, 2003 and promissory note for certain mining equipment associated with the original lease agreement.
"We are pleased to have another supportive business partner in Kaibab Industries, which granted Unico additional time to secure the financing necessary to maintain the Bromide Basin lease. With this lease secure, Unico will seek to initiate mining activities at this property as well as the ongoing work currently underway at the Deer Trail Mine," added Mr. Lopez.
Posted by indef on :
I'm still in and watching...
Posted by indef on :
will buy more at .0009 at any chance
Posted by bfthunter on :
Me too. Im just glad Im not the only one in this. LOL
Posted by logical buyer on :
Sub Penny radio was covering this stock on the show last night/today. The host (Simon) likes the stock. It was on his list of stocks to watch this week.
Posted by logical buyer on :
I picked up at .001, 5 min. ago.
Posted by logical buyer on :
This stock is over sold, it is time to start moving back up. What do you guys that have been playing this stock think?
Posted by logical buyer on :
Financials are due to be released anytime now.
The CEO bought shares at .0012. It is sitting at .001 now. It won't be here for long.
Looks like the stock has a good support at $0.0010 It can have a run from here...
Posted by bfthunter on :
I was surfing for a mineral stock and found it about a week ago. I noticed it was at a 4 year low took a chance because the volume was high and it seemed to have support. I was told by a friend it had never been a big money maker so only time will tell. Im still in.
Posted by logical buyer on :
Mineral stocks are very hot.
We will see this week.
[ May 02, 2006, 08:48: Message edited by: logical buyer ]
Posted by bfthunter on :
Ok, the truth is Im from North Carolina and this stocks first 3 letters are UNC. LOL
Posted by logical buyer on :
That is funny, because I am originally from NC.
quote:Originally posted by bfthunter: Ok, the truth is Im from North Carolina and this stocks first 3 letters are UNC. LOL
Posted by KingKory on :
Downtick today.
Posted by bfthunter on :
This thing is killing me. I cant get filled at .0008. Maybe thats a good thing. LOL P.S. Logical I live in Concord.
Posted by moosehead9nc on :
i live in concord too...
Posted by bfthunter on :
Cool, I hope we dont loose our homes on this one. LOL If this thing will just do what its done in the past we should do well.
Posted by logical buyer on :
Jacksonville - Onslow County
quote:Originally posted by bfthunter: This thing is killing me. I cant get filled at .0008. Maybe thats a good thing. LOL P.S. Logical I live in Concord.
Posted by SuperSniper00 on :
I'd be weary of this one....they are issuing another 200m shares.
Sorry if this is a dumb question, but...what are possible motivations behind issuing these shares?
Employee stock program
Posted by BlindMellonChitlin on :
LOL....now about to serve 2 billion sideways! That's 4 times the float, right?
Posted by indef on :
volume more that 2 billion yesterday, 146 million in 10 min today - is anybody here?
Posted by superman7 on :
ok this is my play of the day for tommorow looking liek momo is coming in and it has hit bottom
i know alot dont like this stock but it has the momo chekck it out its in the gold sector and has hit bottom imo and will rock here
they have increased there o/s recently but it has the momo. so........
i am in at .0012
Posted by greenman on :
OK,I'm in too at .0012. Let's rock!
Posted by moosehead9nc on :
ton of buys
Posted by superman7 on :
yeah lots of buys this is good for 50% i think not to much more then that dont expect 100-200% on this one lol be happy with about 50% for this one
Posted by Johnwayne on :
Coming in here big Superman. Not quite my promise of $1,000 only bought 800,000 shares because I like even numbers. Hope it fills.
Posted by superman7 on :
this wants to run but hit resistance at .0012 alot of buys coming in tommorow we get a gap i think and then we get people chasing i am going to sell at .002 or so dont want to much out of this one
Posted by Johnwayne on :
Can't get filled right now.
Posted by Johnwayne on :
I'm in. Tough fill. Hope this gaps in AM.
Posted by superman7 on :
there is alot of resistance at 12 but if we can break 12 we can run nicely!
Posted by Teno on :
me too * .0012
Posted by Johnwayne on :
I will settle for .002. Can't believe the ask did not uptick after all the buys at .0012. Alot of shares for sale at that price.
Posted by Johnwayne on :
Looking at level 2 it will be tought to get through .0013. They are really stacked up on the ask there. Nite sitting on the ask at .0012 at close worries me too.
Posted by Johnwayne on :
Very thin after that .0013 wall though. Anybody think this has a chance to gap?
Posted by vinnie1 on :
in at 0009
Posted by invester on :
R/S IN THE WORKS BE CAUTIOUS.
Posted by Johnwayne on :
When does it take effect investor?
Posted by vinnie1 on :
whats a r/s
Posted by invester on :
Reverse split. And, very soon.
Posted by vinnie1 on :
not good will get out soon ty
Posted by Teno on :
can you post the news on the r/s?
Posted by superman7 on :
yes this play is very risky but i think going into to tommorow we make a good just from .0012 there is some momo getting into this and momo is what u should play and this is at a bottom for the stock so some room to run and alot of stocks run pre-r/s i think we see 50% gain for this and i think no one should hold this for too long its good for 50% thats where i will be heading out, unless it gets alot of momo then will settle for 100% gain
lets hope for a gap on this one to about .0013 or .0014 for the morning on the buying pressure today
goodluck traders!
Posted by superman7 on :
ok i was talking to shakerzzz the big guy is coming in tommorow that is almost automatic for our 50% gain he will buy first thing in the morning he is saying...so get ready guys!
Posted by Teno on :
where's this shakerzz guy from? Ihub?
Posted by superman7 on :
yeah teno he is on ihub
Posted by Teno on :
alright thanks.
Posted by superman7 on :
gapping right now
12 by 13
this going to run today!
Posted by superman7 on :
here comes our run!
Posted by superman7 on :
from shakerz i told u lol:
UNCN >> IM GOING IN FOR A BIG STEAK GRRRRRRRRR
he told me he will be getting some after i showed him this this is going to go up big scratch my 50% gainer we are going to make more i think .002 sounds good
Posted by superman7 on :
UNCN..going to be big today its at rock bottom! starting to go up check out the chart and its a gold play!
Posted by dpaul3 on :
I jumped in at .0013 - lets go!
Posted by superman7 on :
only 3 left on the ask at .0013
this is going to breakout real soon i think today we see .002 easy
Posted by greenman on :
Very nice volume already.
Posted by Schwabie on :
In at .0013
Posted by superman7 on :
2 left on ask...once we break .0015 others will jump we should see .002 break today pretty easily
Posted by superman7 on :
13 by 13
i cant wait till 15 breaks lol
Posted by superman7 on :
14 guys
15 is ohhhh so close now
Posted by superman7 on :
UNCN..here comes .0015 and then on that break will be a nice run as it pops on radars
Posted by superman7 on :
14 is dropping fast
only 5 mms left
Posted by osuidoc on :
in at 13 - lets go !
Posted by PCola77 on :
Geez, that "Wall" at .0013 fell quick, the one at .0014 isn't doing too well either. I doubted you when I looked at the L2s, but I should know better Posted by superman7 on :
3 left on ask now!
Posted by superman7 on :
here comes 15
Posted by Johnwayne on :
Something wrong with my T&S? I show a sea of red?
Posted by superman7 on :
15 is here!! this break is huge!
Posted by PCola77 on :
Yes, I haven't seen a sell yet today
quote:Originally posted by Johnwayne: Something wrong with my T&S? I show a sea of red?
Posted by trade04 on :
TAKE YOUR PROFITS BUY STTK!!!
Posted by superman7 on :
15 are falling on nothing lol
Posted by Johnwayne on :
!$#^$%*^* Scottrade!
Posted by superman7 on :
why would anyone take there profits now dude
.0015(resistance) is breaking! after this we run big!
quote:Originally posted by trade04: TAKE YOUR PROFITS BUY STTK!!!
Posted by Schwabie on :
Hmm this could blast off.. im hopin...
Posted by superman7 on :
with shamer on this and saying he is big on this and he got in at .0013 .0014 and .0015
which is right now pretty much this is going alot higher!
Posted by superman7 on :
i mean shakerzzz not shamer i dont knwo where that cam from lol
Posted by PCola77 on :
Freudian slip there, Superman? Did you mean Shaker?
quote:Originally posted by superman7: with shamer on this and saying he is big on this and he got in at .0013 .0014 and .0015
which is right now pretty much this is going alot higher!
Posted by osuidoc on :
lets see a green rally
Posted by superman7 on :
looks like mms are trying to stall it and get some peopel to sell but not any sells coming through
this is going back up to 15 here soon, and after the 15 break...we really giddy
Posted by trade04 on :
quote:Originally posted by superman7: why would anyone take there profits now dude
.0015(resistance) is breaking! after this we run big!
quote:Originally posted by trade04: TAKE YOUR PROFITS BUY STTK!!!
u just lost another .0001 on the bid...thats big money at these price levels...
Posted by superman7 on :
trade we bought in cheaper, seriously why would u come here and bash this will get to .002 today and u will have nothing to saay
Posted by osuidoc on :
99900 at 0.0014 - why the odd amount?
Posted by superman7 on :
mms are playing with us right now check out the volume and 90% or more are buys this one is soooo ready to blow
Posted by trade04 on :
because ive traded this stock before, and i made a thread about it before (it is now lost) and it will sell off..no profits nothing for this company but s-8's
Posted by superman7 on :
well shakerzz is on it so its getting momo so i dont see no selloff today...infact i see .002 today
Posted by Johnwayne on :
T&S showing a lot of green now.
Posted by dpaul3 on :
trade, do you have any good picks then? Maybe some that run even half of what super's picks have?
Posted by ohio_trader on :
PBLS, FPPL, OMOG oil plays getting ready to run !!!
look at the financials for UNCN--AWFUL !!!
I sold 2 weeks ago...the writing is on the wall!!!
Posted by Brent on :
price at .0014 and resistance * .0015. Too late or perfect timing... that is the question?!?
Posted by RWall on :
Just curious, but what are the factors in the resistance
Posted by superman7 on :
momo is here right now....doesnt matter about anyhting else...look at the volume...u play the momo with penny stocks and u will always win
Posted by trade04 on :
heres a tip buy STTK, buy n HOLD Bird flu Is spreading media is covering, double by 3-6 weeks. chart looks good. do your dd, a lot of great things are offered by Smart tek jm 2 cents
Posted by Brent on :
quote:Originally posted by superman7: momo is here right now....doesnt matter about anyhting else...look at the volume...u play the momo with penny stocks and u will always win
Very true here. Unfortunatley I got burned on fmnj last week when momo and volume were high, so a little hesitant on this. but a very good point. Might stay out and watch it just for kicks.
Posted by trade04 on :
i wont say nothing! glta!
Posted by osuidoc on :
why can't my order get filled to buy again? MM's?
Posted by RWall on :
anyone want to give odds on it breaking .0015
Posted by Schwabie on :
345 MIL VOLUME SO FAR
Posted by majendie0 on :
anyine have level II info
Posted by PCola77 on :
bid 13 * .0012
Ask: 1 left at .0013 8 at .0014 5 at .0015
Posted by FIST13F on :
volume looks to continue to build.
Posted by m69jump on :
sweet!!!!!!!!! hey look at sure go .005 now
Posted by superman7 on :
here we go 13 is about to go bye bye
Posted by majendie0 on :
wtf now 12 again? not too pick but i'm not sure about .002 today Super, what you think?
Posted by FIST13F on :
volume still going way up price goin down? Help a newbie, is this just the mm's loading before the run? Thanks in Advance
Posted by Johnwayne on :
Now ask is 14. Now it's revving her engines. Still thinking .002 Superman?
Posted by dpaul3 on :
superman is now playing BIGN
Posted by Johnwayne on :
Now ask is 13 and it's idling again. WTF?
Posted by osuidoc on :
same for this thread
Posted by majendie0 on :
where'd eveyone go, have they all given up on this one? level II again anyone?
Posted by trade04 on :
lol i was right on the money with sttk huh
Posted by greenman on :
C'mon just need more volume. This aint over.
Posted by majendie0 on :
starting to move again!
Posted by PCola77 on :
Only 4 left at .0014 and we hit .0015 again. This still has some big potential. People here have gotten too used to 100% gains in like 10 mintes. This one may take 4 hours from the original post and people are complaining Posted by rimasco on :
Something doesnt make sense to me...I have the outstanding shares at 498 mill.
Is this correct..
Posted by m69jump on :
SOONA WE ROCK JMO Posted by Johnwayne on :
I am guilty of that PCOLA. Call it hang over from PGPM. Honestly I have had a hard time adjusting my sites sinces I played that one.
Posted by PCola77 on :
LOL, I know how easy it is to get caught up, but seriously, it's up 17% in 4 hours from when Superman jumped in, and as soon as .0015 hits it'll be up 25%. And non-traders are happy with 5-10% in a year. We just need to get a bit of perspective back, is all I'm saying
quote:Originally posted by Johnwayne: I am guilty of that PCOLA. Call it hang over from PGPM. Honestly I have had a hard time adjusting my sites sinces I played that one.
Posted by PCola77 on :
15's are here. .0014s starting to stack on the bid. This could be the post-lunch run
Posted by superman7 on :
our breakout is happening
Posted by m69jump on :
YUP Posted by rimasco on :
i think in light of the news release on th 1st this thing should be trading above .01.
anyone disagree
New too this stock
Posted by rimasco on :
ITS GOLD JERRY! GOLD!!!!
Posted by Teno on :
.0015 x .0015! Are there mm's here or something?
Posted by superman7 on :
15 is about to break...shakerz is going for more Posted by Johnwayne on :
Bid to 15!! She's gonna blow all the way up to .002 if we can push through these 15's on the ask. We started to poke a hole through them this morning
Posted by Johnwayne on :
Rimasco - If you look at level 2 it's possible. After .0016 there really is very little resistence. I would be skeptical of it shhoting that high though. However I'm not sure what Superman saw that made him say .002 would be the stopping point of this. Not used to playing sub pennies so my thinking may be way off but I see nothing at .002 to stop us for long.
Posted by Johnwayne on :
There's a 911 trade. Some say that is MM's saying "we are screwed".
Posted by juice on :
haah wow i bought this at .0011 like 2 wks ago and i was sick of waiting with my money tied up, sold it for a loss of commission... best of luck everyone!
Posted by Johnwayne on :
Why would they lower the bid to .0014? Nobody was selling at .0015.
Posted by Schwabie on :
wow at this rate we'll reach 1 billion volume...
Posted by rimasco on :
JW....in one of my earlier posts i was questioning the O.S. shares. This thing traded 3x the float yest. I dont think its gonna go to a penny over night but maybe within a few months
It went there in Jan
Posted by Teno on :
we definitely will.
Posted by trade04 on :
STTK$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted by Teno on :
16!
Posted by Schwabie on :
.0016 could break out !!
Posted by PCola77 on :
Wow, 16s falling fast.
Posted by Schwabie on :
l2's anyone?
Posted by superman7 on :
trade ur back?? why we are breaking out and i told you we would so why would we buy STTK...makes no sence again!!
quote:Originally posted by trade04: STTK$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted by Johnwayne on :
If we get through .0016 there really is no resistence on level 2.
Posted by rimasco on :
.0015x.0016
Posted by Schwabie on :
come home to daddy !!!
Posted by superman7 on :
going to have sweet close lets hope we break .002 by close
Posted by trade04 on :
quote:Originally posted by superman7: trade ur back?? why we are breaking out and i told you we would so why would we buy STTK...makes no sence again!!
quote:Originally posted by trade04: STTK$$$$$$$$$$$$$$$$$$$$$$$$$$$
cuz i gave it to you at .48 cents and it went to .58 dumb azz
Posted by trade04 on :
quote:Originally posted by dpaul3: trade, do you have any good picks then? Maybe some that run even half of what super's picks have?
exactly....whats better ur stock is trading in tenths of a penny..never make 200% gain
Posted by PCola77 on :
Just hit .0017. Each uptick has less MMs staying on the ask. They're thinning out nicely for a HUGE run
Posted by m69jump on :
GL MONDAY'S GAPPER
Posted by Schwabie on :
WOOOHOO !!! GOOD CALL SUPER !!!
Posted by Schwabie on :
guys think of it this way.. it only took 1 billion in volume and 6 hours... but it happened LMFAO !
Posted by PCola77 on :
Wow, 17s falling FAST
Posted by FIST13F on :
where we at e-trade s*#cks. a quick bid/ask would be appreciated. TIA/////GLTA
Posted by superman7 on :
u dumb shyt u gave me a 10% gain mine is up over 50% do the math fool
quote:Originally posted by trade04:
quote:Originally posted by superman7: trade ur back?? why we are breaking out and i told you we would so why would we buy STTK...makes no sence again!!
quote:Originally posted by trade04: STTK$$$$$$$$$$$$$$$$$$$$$$$$$$$
cuz i gave it to you at .48 cents and it went to .58 dumb azz
Posted by trade04 on :
quote:Originally posted by superman7: u dumb shyt u gave me a 10% gain mine is up over 50% do the math fool
quote:Originally posted by trade04:
quote:Originally posted by superman7: trade ur back?? why we are breaking out and i told you we would so why would we buy STTK...makes no sence again!!
quote:Originally posted by trade04: STTK$$$$$$$$$$$$$$$$$$$$$$$$$$$
cuz i gave it to you at .48 cents and it went to .58 dumb azz
ok whats ur exit plan? u havent made any money till u sell...can u hold uncn for a month? no..sttk ive been holding for a WEEK and its been good to me, dont get me started on UNCN but gltu!
Posted by letitrideboy on :
lol super no need to even reply to that goon! You are proven and honest. no need to even look twice at that twat!
Posted by Schwabie on :
so 50 % increase in UNCN - 10 % STTK = 100 % STTK ? Wait i think im high LOL
Posted by letitrideboy on :
Posted by superman7 on :
trade u dont hold any of these pennies for long fool everyone knows that..sttk may be good for the long road i am not denying that but i can take my 50% gain from UNCN and buy more shares of STTK then i could of if i would of listened to u and sold UNCN whne u said to sell...buddy seriosuly man why are u even on this thread
go pump STTK somewhere else dude
Posted by rimasco on :
hey superman i think you found your Lex Luther
Posted by superman7 on :
rim...trade=my lex luther hell no lol..he is just a alittle fly in my path, which i just flew right by..he doesnt bug me a bit, he makes no sence, i think his brain me even be the size of a flies...i am just going to ignore him let him say what he wants
Posted by Johnwayne on :
I just took half off the table here. No point in getting too greedy!
Posted by superman7 on :
good job john..this one is risky and it is good to take some 30-50% gains here
Posted by superman7 on :
i think we hit .002 and break it but u never know so good job john
Posted by trade04 on :
i can become your kryptonite...dont test dis!! haha go uncn
Posted by RWall on :
do you guys have any thoughts on gmth
Posted by Johnwayne on :
Supe- Thanks. Had a rough week so need some gains back. I think this will break .0017 but it looks like MM's are setting up shop at .0018. That will be the key.
Posted by Schwabie on :
im riding free thanks for pick super...
Posted by superman7 on :
guys u are welcome i am not going to type as much on the boards for the rest of the day cause my hand feels messed up from all the typing i have been getting so many messages on msn and yahoo and now my hands are telling me thats enough so if we dont speak for the rest fo the day have a good weekend all see you on monday i hope my hand feels better so i can stay for a bit but it doesnt look good lol
Posted by Johnwayne on :
Taking off again. I will try to squeeze every last cent out I can now. Let's see .002!
Posted by majendie0 on :
Great one Super, You guys are all right about being patient, I guess when you make a bit quickly a couple of times it's easy to get impatient (i was guilty myself of that today), anyway great call and good luck guys, i am already in and out (as i said a little impatient or coulda been out higher, but hey at least i ain't down. another lesson learned
Posted by bfthunter on :
Make sure you cover yourselfs boys. I only bought this one because it was at the bottom and had alot of volume. Its anyone guess.
Posted by docaction on :
wow, super good call .002
Posted by Schwabie on :
up 66 % .. i hesitated sold too soon but hey $ is $ :-D
Posted by superman7 on :
yeah where is that TRADE guy bow lol
this was a big winner i enjoyed it alot now i am seeling the rest of my shares at .0022 even though it can go higher i am happy with almost a 100% gain!
Posted by Chad on :
how do u do it Super? this stock was hovering for long time at around .0011, I always new it could go up anytime, but right when u buy it, that day it rockets.. ur truly a stock god!!
Posted by PCola77 on :
But but but, you could have had almost 17% gain with STTK. Haha, what a dunce taht guy was.
quote:Originally posted by superman7: yeah where is that TRADE guy bow lol
this was a big winner i enjoyed it alot now i am seeling the rest of my shares at .0022 even though it can go higher i am happy with almost a 100% gain!
Posted by logical buyer on :
The chart indicators were showing this move a few days ago. This was a sub-penny radio pick last Sunday. I got in at .001, after looking at the charts Tuesday.
Posted by Johnwayne on :
I'm out boys. Didn't want to hold over the weekend. Good luck all. It held up nicely running into close. Really thought we;d see more of a sell off.
Posted by superman7 on :
wow this one turned out better then i thought, i thought only good for 50% but this...i must admit i only have half my shares left from .0012 but i am holding these for monday
goodluck all!
Posted by logical buyer on :
I took half off at .0019. All free shares now. I am holding the rest for next week.
Posted by Johnwayne on :
If it wasn't Friday I would have held. I am always leary of holding over the weekend on short term plays.
Posted by jigen3 on :
i thought this was going to run in a few more days, if i weren't holding ndol i would have bought this. the chart broke its parabola rules on this run, darn.
Posted by logical buyer on :
up 15% in 5 min.
Posted by logical buyer on :
I am out at .0022.
Posted by indef on :
bellwetherreport.com: The Bellwether Report Issues a Small-Cap Sentiment Update for Unico Incorporated
By M2 Last Update: 5/8/2006 11:16:23 AM Data provided by
May 08, 2006 (M2 PRESSWIRE via COMTEX) -- Unico Incorporated (UNCN), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Unico Incorporated, focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties, on the First of the Month they announced that their wholly owned subsidiary, Bromide Basin Mining Company, LLC, has signed a revised mining lease and option to purchase agreement with Kaibab Industries, Inc. for the Bromide Basin Mines.
"The Bromide Basin Mine has always been viewed as an important acquisition for Unico and its shareholders, but with the price of gold topping $650 per ounce, the fact that Bromide Basin is a true 'gold play' further emphasizes its importance for Unico," said Mark A. Lopez, chief executive officer of Unico, Inc. "By extending the lease and purchase option well beyond its original expiration date, Unico now has an ideal and unique opportunity in our portfolio of properties to capitalize on skyrocketing metals prices."
The new revised mining lease runs through October 31, 2006, and grants to Bromide Basin Mining Company the option to purchase six fully permitted patented mining claims and twenty-one located mining claims comprising in all over 400 acres of Bromide Basin. The purchase option exercise price is $835,000.00 for all specified mining claims, mill sites and dumps being leased. If all terms of the agreement are met, Bromide Basin Mining Company will have the right to extend the term of the lease and option to purchase agreement for an additional year, through October 31, 2007, by giving Kaibab Industries notice by September 30, 2006. As consideration for this third revised lease agreement, the company has also agreed to pay in advance the sum of $5,000 per month and pay Kaibab Industries a five percent net smelter return upon all ore taken from the leased premises each month, to the extent that the amount for any month exceed the $5,000 monthly base rent.
The Bromide Basin Mining Company has paid to Kaibab Industries $63,591.62 for past due lease payments, taxes and mine fees on the previous mining lease agreement, which expired on November 1, 2005. The company has also paid $125,785.20 to Kaibab Industries as payment-in-full for the original equipment purchase agreement dated April 1, 2003 and promissory note for certain mining equipment associated with the original lease agreement.
Although its been a week since they announcement was made this company still trades on unbelievable volume as investors continue to dive into this company with a lot of promise. I feel that this company will continue to trade at these levels as it has already traded over 700 million shares as it currently traded at $0.0026 a share. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
Posted by logical buyer on :
Got back in at .0026. I am surprised this is still going. It looks stronger than ever.
Already made a nice profit buying in at .001 and selling at .0019 and .0022.
Posted by BlindMellonChitlin on :
I still have what I bought at .001 and added more at .032. This is one to hang onto for a while I think.
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