This is topic RSDS ( Russell Industries, Inc ) ---- News ! ! ! ! ! -- Aquires 50 Uranium Mines in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Russell Industries Continues Acquiring Uranium Mining Claims Wednesday May 2, 6:00 am ET
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RSDS - News) announces that it has acquired an additional 50 Uranium Mine Claims in San Juan County, UT. The claims are located in close proximity to the Company's other Rage Claims.
This acquisition raises Russell Industries current total of San Juan County Uranium Claims to 254, covering an area of 5,080 acres. The company plans to begin mining operations, with estimated reserves of up to 1,000 tons of Uranium, in May.
"We have elected to engage two independent geologists to issue NI 43-101 compliant reports to establish an economic valuation of the underlying assets of the claims we now have in house," said Russell Industries President and CEO Mr. Rick Berman.
A National Instrument (NI) 43-101 report is the standard that Canadian Securities Administrators have developed to regulate how public companies or "issuers" can disclose scientific and technical information about mineral projects to the public. This report is also used in the EC as a standard that investment funds use when evaluating potential investments. The report is expected to be delivered during the fourth quarter of 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Contact: Russell Industries, Inc. Rick Berman, 713-446-7231 (Investor Relations) Fax: +1 281-298-9055 rusind*aol.com
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Posted by Ace of Spades on :
It's starting to move a little......
Posted by Ace of Spades on :
RSDS.....Yeah Baby...... ! ! ! ! ! !
Posted by IMAKEMONEY on :
UP 44% GO BABY GO!!!!!!!
Posted by Ace of Spades on :
Couldn't say it better myself......
Posted by THE DUKE on :
Is this a good bye or not??? Saw the movement early this morning
Posted by IMAKEMONEY on :
THATS WHY IM HERE DUKE! JMO Posted by THE DUKE on :
I'll take that as a yes What is a good entry .0010
Posted by IMAKEMONEY on :
LETS HOPE NOT AND SAY .0010 BUT ITS DIPPING RIGHT NOW. PPS .0010, HOPE ITS A SHAKE MIGHT WANT TO WAIT DUKE.
Posted by THE DUKE on :
Where do you see this stock heading in the near future? I've seen you make some good picks
Posted by IMAKEMONEY on :
.0020s TO PENNYLAND, THIS RUN NEEDS TO TAKE US BACK TO THE .0020s ,JMO Posted by Ace of Spades on :
Couldn't say it better myself......
Posted by Ace of Spades on :
Duke....you should join Bill Panetas live chat room...it's better then just a message board, plus the best penny traders in the world are there.
If you want good picks go there. Im in there every day, and at allstocks
Posted by THE DUKE on :
thanks, Will do
Posted by Ace of Spades on :
RSDS might go soon
Posted by IMAKEMONEY on :
HOPE THAT WAS ARE DIP! Posted by IMAKEMONEY on :
.0011 STACKING ON THE BID! Posted by THE DUKE on :
Why has trading slowed down from earlier this morning.
Posted by IMAKEMONEY on :
THE PR IS GETTING OUT,JMO, THE RUN SHOULD COME,ALSO JMO
Posted by THE DUKE on :
IMAKEMONEY, Thanks and I notice your picks along with some other good people, that you are really on target. I still do my dd work.
Posted by IMAKEMONEY on :
THE BAD THING ON THIS ONE DUKE IS LOTS OF PEOPLE GOT SPOOKED WHEN THEY RAZED THE A/S, HELL TAKES MONEY TO MAKE IT, A/S IS NOW 2 BILLION AND THAT SHOULD BE FINE BUT THE MMs GOT TO LOAD UP CHEAP! ID SAY THE O/S IS NOW AROUND 900 MILLION SHARES. ALL IS JMO.
Posted by THE DUKE on :
I think you are right, someone on I-hub said they called the T/A and the 0/S is about 880mil
Posted by IMAKEMONEY on :
BURN THREW THOSE .0012s Posted by THE DUKE on :
What's wrong with this stock? Stalling to much. Why keep dumping shares at this level. Why not let it double even triple then pay for the bills!! Posted by Ripler on :
the uptick is inevitable. IMO
Posted by THE DUKE on :
Looks like another rip-off stock Posted by SherriT on :
quote:Originally posted by THE DUKE: Looks like another rip-off stock
It actually is a good money maker - if you are looking for a huge run, this really isn't it, but great small gains.
Posted by Wit on :
You're right Sherri. (good money maker)
I just keep buying at .0009, and selling it again at .0014/.0015.
I'll continue doing that until this can become more stable.
Posted by IMAKEMONEY on :
WITTY!!!!!! Posted by IMAKEMONEY on :
Gain 300% as Secret Uranium Cartels Take to the Street An elite cartel of buyers conducting secret auctions held a tight grip on the uranium market -- until now.
Beginning next month, the New York Mercantile Exchange will debut uranium futures -- giving hedge funds and other speculators a public arena to jack up prices higher than ever.
And the free-for-all will focus on a specific type of uranium essential for nuclear power called U308. If you want to know where U308 prices are going just look back to 2000. That’s when U308 sold for $8 per pound. Today it sells for $113 per pound -- an increase of 1,312.5 %.
But a stealth team of Chinese traders armed with $300 billion in U.S. dollars is determined to corner every last ounce of U308. Get ready for a nuclear price war.
Who will win? A little-known company that’s the biggest supplier of U308. Find out how it can hand you gains of 300% or more... starting today.
Sincerely,
Christian DeHaemer Executive Editor of the GRESSOR Report
Posted by IMAKEMONEY on :
FROM I -HUB Posted by: righty In reply to: None Date:5/6/2007 2:04:39 PM Post #of 12126
Ok folks heres the big news.
john iraq has once again blown my hair back!
he spent all night, day for him, night for me, uploading new documents from state of utah BLM office,
these are the payday state registration forms 52/54 of them other two to follow soon.
These are not the same as the county docs folks but another step completed towards documenting these claims as well as another step towards mining , of course.
I expect berman to be sending the rest of the county docs maybe this week latest next week. Once those are in I expect it won't be long before we have the rest of the state blm registrations.
These docs today confirm that payday claims exist and are under control of rsds with floyd bleak retaining one third ownership of payday claims.
Enjoy them while you can, I am putting them in the ibox in a bit until then here's your perusal copies.
IT GONNA RUN, JMO, PPS .0011 Posted by Ripler on :
doubled up a month back!
bought in for another round today .001
Posted by Ripler on :
IMAKE we gonna make $$$ no doubt... in my opinion its inevitable.. gotta be a little patient right now
Posted by IMAKEMONEY on :
YEP IM WITH YOU RIPLER.$$$$$$
Posted by IamtheWalrus on :
This company is a great investment. I have been keeping up, like I am sure of all you have as well. I flip this one as well, but always have a secured investment of 200k shares.
Just a matter of time folks, the end of this year, IMO, will make leaps and bounds.
Go RSDS!
Posted by IMAKEMONEY on :
Posted by IMAKEMONEY on :
Outstanding Shares: 883,859,330 as of 2007-05-06
Posted by IMAKEMONEY on :
LOW VOLUME TAKE DOWN! JUST MIGHT GET MY .0008s! Posted by Wit on :
I'll come back if we see .0008 Posted by IMAKEMONEY on :
Posted by EverGreen on :
IHub deep pockets are buying
momo coming
Posted by farmerboy on :
I'll play this POS for the bounce...why not
Posted by IMAKEMONEY on :
CRAZY VOLUME Posted by Ripler on :
quote:Originally posted by farmerboy: I'll play this POS for the bounce...why not
If that is not a good enough reason, then I do not know what is Posted by Gary59 on :
over 3 times of Friday trading and I dont see news anywhere,,, are you still inn IMAKE?
Posted by Rex on :
I'm in. could see a nice eod gain. lots of people playing this one.
Posted by IMAKEMONEY on :
YEP, IN DEEP!! LOL $$$$$$$ JMO
Posted by SpecialK on :
Good day today, should see some more tomorrow..IMO
Posted by roiresearch on :
Just use caution as the CEO needs to gain voting control of the stock in order to effect a r/s
Nice action today - it's amazing how the market works, eh?!
Posted by IMAKEMONEY on :
YEP! Posted by IMAKEMONEY on :
MOVING EOD! Posted by IMAKEMONEY on :
LL2s GETTING BETTER!! Posted by EverGreen on :
need a close above .0012
Posted by IMAKEMONEY on :
LOOKS LIKE THAT WILL HAPPEN! NOW WHATS THE GOOD NEWS GONNA BE? Posted by IamtheWalrus on :
quote:Originally posted by Abe Smith: Estimated $38mil assets in 54 of 254 Mining claims.
504 is ending very very soon, possibly after todays activity and some activity tomorrow we could see that PR hit the wire.
If you werent in on the ETIM bounce...I would get in on this one. IMO
Rick Berman CEO of RSDS is a board member of TRSI...TRSI announcing new mining division soon.
Related? you make the call =)
RSI looks primed Do need the news though
Posted by Ripler on :
I said it once before, and ill say it again, this baby has nowhere to go but up... a lot of interest is going to be generated again.
Posted by IamtheWalrus on :
I am long in this till it hits .06 again, and if all indicators show me a continuation...well, I have said enough. Holding strong for RSDS!
Posted by IMAKEMONEY on :
WANTS TOO GO!
Posted by Ripler on :
this thing is being held down
Posted by 10of13 on :
This was posted in a comment on Shakerzz email list...I have no idea if it is true...
"RSDS >> rumor of 1 billion 504 shares coming in market > careful"
Posted by IMAKEMONEY on :
THATS WHY WE SEE SOME SELLING, THANKS 10
Posted by IMAKEMONEY on :
Shakerzz IS POSTING THAT HE IS BUYING 10?
Posted by EverGreen on :
the opposite is probably true
volume in past weeks show that 504 is close to be finished
50-day avg 45m - suppose 1/3 is co. selling gives 750m - so we have 250m more dilution = worst scenario 10-15 days
will see
Posted by 10of13 on :
after i posted that then another email went through saying that it was almost over...and "he" might buy at .001(I think it said .001)
quote:Originally posted by IMAKEMONEY: Shakerzz IS POSTING THAT HE IS BUYING 10?
Posted by IMAKEMONEY on :
YEP THATS WHAT I READ TOO. .0010
Posted by 10of13 on :
I'm in at .0009...this has 7 days to give me some $...LOL Let's go!
Posted by Ace of Spades on :
One of these days....this will run big ! ! !
Posted by IMAKEMONEY on :
GREEN!LOL
Posted by IMAKEMONEY on :
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of May 23, 2007.
Posted by IMAKEMONEY on :
Related Quotes Sym. Price Chg. RSDS Trade News 0.0011 0.0001 Russell Industries Closes 504
May 24, 2007 10:48:10 (ET)
HOUSTON, May 24, 2007 (BUSINESS WIRE) -- Russell Industries, Inc. (PINK SHEETS:RSDS) announces that its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission will be concluded on June 1, 2007.
"The response from accredited investors was overwhelming and the equity capital raised has enabled Russell Industries to operate, acquire uranium mine claims and build a foundation for future mining, acquisitions and validation of proven and probable reserves of the assets," said Rick Berman, President and CEO.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of May 23, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
SOURCE: Russell Industries, Inc.
Russell Industries, Inc. Rick Berman, 713-446-7231 (Investor Relations) Fax: 281-298-9055 irrsds*aol.com
Posted by JimSC on :
RSDS: upon reviewing the R/S history, I found out that next R/S is about 6 months away. It's a gread gamble at this level. I am loaded. Go RSDS and AVVW, see which one can run better next week. I play RSDS purely based on MMs' game -- they normally run a stock to a higher level when 504 has ended.
Posted by IMAKEMONEY on :
BOTH!!!!!!!! I HOPE! Posted by JimSC on :
You could be right, Imake. Both are very active at Ihub.
Posted by JimSC on :
Huge volume with big orders:
Time & Sales Price Size Exch Time 0.0011 500000 OTO 11:49:38 0.0011 500000 OTO 11:49:37 0.0011 84545 OTO 11:38:09 0.0011 50000 OTO 11:33:03 0.0011 50000 OTO 11:32:57 0.0011 300000 OTO 11:32:32 0.0011 500000 OTO 11:32:09 0.0011 1000000 OTO 11:29:19 0.0011 430000 OTO 11:26:35 0.0011 172772 OTO 11:25:28 0.0011 500000 OTO 11:25:00 0.001 2000000 OTO 11:24:02 0.0011 200000 OTO 11:22:31 0.0011 186363 OTO 11:20:54 0.0011 500000 OTO 11:20:47 0.0011 2250000 OTO 11:20:05 0.0011 81000 OTO 11:17:29 0.0011 4000000 OTO 11:17:20 0.0011 500000 OTO 11:17:16 0.0011 1000000 OTO 11:16:33 0.0011 400000 OTO 11:16:32 0.0011 2000000 OTO 11:15:24 0.0011 1000000 OTO 11:15:07 0.0011 500000 OTO 11:15:01 0.0011 500000 OTO 11:15:01 0.0011 800218 OTO 11:15:00 0.0011 1500000 OTO 11:14:14 0.0011 700000 OTO 11:13:47 0.0011 1000000 OTO 11:12:56 0.0011 1000000 OTO 11:12:13
Posted by IMAKEMONEY on :
CHIT RED!! I HATE RED!
Posted by EverGreen on :
the countdown continues
see 5 x 9m at close
now 50-80m left
Posted by JimSC on :
L2 lineup is ready for a run next week. Watch it.
Posted by IMAKEMONEY on :
HOLDING UP WELL!
Posted by IamtheWalrus on :
Taken from ioHub board by Loofman: ------------------------------- Guestimated RSDS Asset Valuation >>.106 per share<<
The following valuation is based purely from educated guestimate projections, using the geo dd information released in a previous PR by the company. Using the original 54 mining claims, and the minimum valuation given in this report, those claims, based on today's Uranium price of $125 lb. are worth $67,500,000.
So with this knowledge, I am making an educated guestimate to determine a total value of the 254 mining claims baased on the value of the first 54 claims and knowing the addtional 200 claims are in close proximity to the original claims.
My guestimate:
1. Original 54 claims valued * $67,500,000
2. $67,500,000 / 54 = an ave. of $1,250,000 per claim
3. $1,250,000 ave. per claim x 254 claims = $317,500,000 tot. claim value.
4. $317,500,000 tot. claim value / 50% discount to the market for buyout potential $158,750,000
5. $158,750,000 / 1,500,000,000 shares, guestimated final tally before 504 completion = .106 cents per share.
Is RSDS is a strong buy? I think it's a Uranium HOT strong buy! Now let's see the market verify this!
jmo, Loofman ---------------------------
Looks good to me. Now all they really need to do to match companies like this is to file to the SEC on a quarterly basis, and we are off!
Posted by IamtheWalrus on :
And.....
----------------------
I think being able to compare market caps is very important!
I did my own dd on USAU
Authorized 100,000,000 Outstanding 60,400,000 Market cap $63,420,000 Current Share Price $1.05
Assets = 127 claims 2400 acres
no mining being done, no licensing to do so
a part of the Morrison Range in Utah (same as RSDS)
Now look at RSDS
Authorized 2,000,000,000 Outstanding 1,400,000,000 Market cap $1,400,000 Current share Price $.001
exploratory and valuation mining being done with licensing
Assets = 254 claims and a whole lot more acres
Either RSDS is EXTREMELY undervalued or USAU is a prime short play!
Cheers to all who took a risk last week.
Posted by 10of13 on :
Not sure this was the "run"...but it sure was nice! GLTA!
Posted by IMAKEMONEY on :
WHOLE LOTTA BUYING! Posted by IMAKEMONEY on :
JUST BUSTED THE 10 DAY AVG!!! Posted by JimSC on :
It will take some time to consolidate at bottom, then it will move fast.
Posted by SherriT on :
What kind of time do you expect here, Jim - couple of months?
Posted by JimSC on :
I expect it will take 2 weeks to consolidate at the bottom, then it will progres level by level, just like PDGT. Each level will need 2 weeks to consolidate.
Posted by dollar13 on :
GOOD CALL IMAKE Posted by IMAKEMONEY on :
MAN I THINK THIS WILL FLY, JUST DONT KNOW WHEN. JUST BACK AND FOURTH AT .0013 AND .0014, HOPE WE JUST BREAK OUT HERE!!
Posted by JimSC on :
Rumor about a merger at Ihub may trigger a run sooner than expected.
*** Posted by: Loadmaster In reply to: sabregold1999 who wrote msg# 15987 Date:5/29/2007 1:04:24 PM Post #of 15996
Most likely the merger would be with Trophy Resources (TRSI). They are an active oil mining company wanting to get into metal and minerals. Plus, Rick Berman, CEO RSDS, was appointed to their board of directors a few weeks ago. A TRSI/RSDS merger would be a great match.
Posted by IMAKEMONEY on :
THAT WOULD BE REAL NICE!! Posted by a surfer on :
Good to see you guys and gals having fun!!!!!!
Go RSDS!!
Posted by 10of13 on :
Hey Surf...Long time...! All good? You on board for this wave? LOL
Posted by a surfer on :
Just stopped in to say hello...
Too much going on to properly trade pennies at this point.
Still holding RVBD, UVE and of course SILVER...
And some FCCN just in case.
Hope the money angels are blessing you.
Posted by JimSC on :
quote:Originally posted by IMAKEMONEY: THAT WOULD BE REAL NICE!!
Please help spread the rumor and it will run. LOL.
Posted by IMAKEMONEY on :
HEY SURFER! LONG TIME.
Posted by IMAKEMONEY on :
quote:Originally posted by JimSC:
quote:Originally posted by IMAKEMONEY: THAT WOULD BE REAL NICE!!
Please help spread the rumor and it will run. LOL.
OK EVERYONE GET IN!! BIG PRs ON THE WAY!!JMO,LOL
Posted by IMAKEMONEY on :
GET GOING!! PPS .0014 AND GOING UP! LL2s STACKING .0013 ON THE BID, GO GO GO!!!!
Posted by Homersbud on :
Ut oh! HOD falling!
0013x0014 3x4!
Posted by IMAKEMONEY on :
MOVING FAST!!!! Posted by Homersbud on :
Weeeeeeeeeeeeee!
0014x0015 3x3!
Posted by IMAKEMONEY on :
.0016 ON THE WAY!!!!
Posted by Homersbud on :
Here comes the 0016's!!
Posted by IMAKEMONEY on :
BOOM!!! .0016
Posted by dollar13 on :
NICE
Posted by IMAKEMONEY on :
LOVE TO SEE THIS RUN INTO THE .0020s EOD, THEN GAP OPEN HARD! Posted by farmerboy on :
Maybe the time has come...it sure is trading that way.
Posted by IamtheWalrus on :
I know I am happy Posted by IMAKEMONEY on :
BUYS BUYS BUYS!! VERY NICE!
Posted by JimSC on :
Looks like 504-sale has already ended and RBCM is sitting at Ask 0.0040, he is now trading for himself. Next few days will be very exciting. Watch it.
Posted by IMAKEMONEY on :
I THINK THERE HOLDING BACK SOME BIG BUYS LETS SEE THAT EOD!
Posted by IamtheWalrus on :
quote:Originally posted by JimSC: Looks like 504-sale has already ended and RBCM is sitting at Ask 0.0040, he is now trading for himself. Next few days will be very exciting. Watch it.
I saw that...yesyesyes
Posted by IMAKEMONEY on :
RUN BOY RUN!!!!
Posted by JimSC on :
Hope we get a PR and more rumors tomorrow. Lol.
Great volume:
Time & Sales Price Size Exch Time 0.0015 1562500 OTO 15:30:08 0.0015 93081 OTO 15:30:01 0.0015 216000 OTO 15:29:59 0.0015 690919 OTO 15:29:57 0.0015 34000 OTO 15:29:56 0.0015 90000 OTO 15:28:46 0.0015 330000 OTO 15:28:43 0.0015 20000 OTO 15:28:29 0.0015 1000000 OTO 15:28:17 0.0015 560000 OTO 15:26:46 0.0015 1250000 OTO 15:25:09 0.0014 24700 OTO 15:24:42 0.0015 500000 OTO 15:23:23 0.0015 162000 OTO 15:23:19 0.0015 225000 OTO 15:23:13 0.0015 288290 OTO
Posted by IMAKEMONEY on :
VERT JUST LIT UP .0065 Posted by Homersbud on :
0016 falling!!!!
Posted by 10of13 on :
I bought more at .0016..it took about 10 minutes to fill...
Posted by IMAKEMONEY on :
Weeeeeeeeeeeeeeeeeee 0017 close! Gaaaaaaaapper!
Posted by EverGreen on :
agree
next res 0023
quote:Originally posted by JimSC: Looks like 504-sale has already ended and RBCM is sitting at Ask 0.0040, he is now trading for himself. Next few days will be very exciting. Watch it.
Posted by Ripler on :
nice nice nice.. good day today.. ill be happy with end of week around .003 Posted by Ripler on :
anyone think this will still climb tomorrow?
or drop for a day?
Posted by retiredat49 on :
I'll say drop...lol
Posted by IMAKEMONEY on :
quote:Originally posted by Ripler: anyone think this will still climb tomorrow?
or drop for a day?
ALL DAY LONG!! JMO, CENTS!!
Posted by Ace of Spades on :
IMAKEMONEY...I Agree, I believe this is the start of something special Posted by IamtheWalrus on :
June 2007 UX Futures Contract $140/lb -
- Size of contract 250 pounds - last trade $140.00 at 8:45 PDT - Current Bid/Ask at 10:36 (138.00 / 142.00, 1 contract on bid and ask)
Value of contract = 140.00 * 250 = $35,000.00
Margin = Unknown (Interactive Brokers has not posted margin requirements for this contract)
SmallCap Sentinel: Uranium Comes of Age Calif., April 25, 2007 --
"With the New York Mercantile Exchange, the world's largest physical commodity exchange, introducing on and off-exchange traded uranium futures products in May, it may be safe to say that uranium has indeed arrived," stated SmallCap Sentinel analyst -
"This ascension for uranium, coupled with its vertical rise in spot price, certainly suggests that uranium has come of age."
"Meanwhile, uranium centric companies are looking to monetize the interest and price of uranium with near term production," added -
"The enthusiasm for the sector, validated in some part by the New York Mercantile's recent move, gives small cap uranium companies unprecedented opportunity."
"To this end many smallcaps has announced progress in key areas of exploration and development, such as mine permit process advancing, confirmation drilling continuing to verify historically indicated resources, and positive disequilibrium factors confirmed through laboratory analysis etc. -
U.S.-based junior resource company with the objective of becoming a near-term uranium producer in the United States - developing, to uranium production projected to begin -
A StockUpTick of RSDS available etc. -
Uranium - available and I will address the rise of interest in uranium related equities such as Denison Mining Corp. (AMEX:DNN) -
Uranium to Head North of $500/Pound? Posted by securities on: 2006-01-03 14:33:44
Uranium to Head North of $500/Pound? By James Finch
Legendary stock picker James Dines recently compared uranium stocks to the high-flying net stocks of the halcyon days of the Internet expansion era. While the much-hyped and fleeting Y2K crisis never materialized, the U.S. energy crisis for highly sought uranium has been developing for more than twenty years. Still early in the current bullish uranium cycle, investors are scoring triple-digit returns on what some are calling a renaissance in nuclear energy.
Just as investors caught the curve of a new paradigm in communications and commerce with Internet stocks, many early birds have already begun investing in the nuclear energy story. The nuclear story pitch is simple: How do you accommodate a massive rush for electrical power demand while faced with the dire threat of carbon dioxide emissions and its direct impact on global warming? The growing consensus is that fission-based nuclear power may become the significant stop-gap energy alternative for this century and possibly until reliable technologies can effectively provide the means for renewable-sourced energy.
Nearly 2 billion people across the planet have no electricity. The World Nuclear Association (WNA) believes nuclear energy could reduce the fossil fuel burden of generating the new demand for electricity. The WNA forecasts a 40-percent jump in worldwide electricity demand over the next five years. The world's most populated countries, China and India, are in the process of creating the largest energy-consuming class in the history of earth. Both plan aggressive nuclear energy expansion programs. Dozens of lesser developed countries, from Turkey and Indonesia to Vietnam and Venezuela, have announced their eagerness to pursue a civilian nuclear policy to benefit power needs for their burgeoning middle classes.
In a nutshell, global utilities are going to need uranium to help feed the increasing number of nuclear power plants proposed over the next twenty years. Herein lays the crisis: the world has been living off rapidly dwindling inventories since the last uranium up cycle. Uranium is now in shorter available supply for civilian energy use than ever before. Over the next decade, as demand continues to outstrip supply, analysts are predicting utilities will snap up known uranium inventories sending spot uranium prices to record highs. During this launch phase, investors have taken notice, chasing up the stock prices of many uranium producers and exploration companies.
Uranium Prices May Reach Unbelievable Highs
Toronto-based Sprott Asset Management research analyst, Kevin Bambrough, told STOCKINTERVIEW.COM, There is a good possibility of a supply crunch that could drive uranium prices to unbelievable highs. Various analysts predict price targets for spot uranium, in the near-term, above $40. Canadian Augen Capital Corps managing director David Mason speculated, $100 (US) a pound is within reason within the next year or two. Sydney-based Resource Capital Research is half as generous, forecasting $50/pound by 2007, explaining another 40 percent jump in spot uranium prices will be driven by end users in the power generation market which is urgently trying to secure supply into the future.
How high could spot uranium prices run? Kevin Bambrough made a hypothetical case for uranium trading north of $500. It's a ridiculous price, Bambrough confided. It,s hard to speculate if this is even going to happen. While he admits that price would not be sustainable, Bambrough makes an interesting point about the concerns facing utility companies, charged with providing us with our electricity. In his futuristic scenario, Bambrough speculated, There's a chance that some facilities will have to choose shutting down their nuclear plants (if they can not obtain uranium to fuel the facility).On that basis, Bambrough calculated the operating costs of a nuclear facility versus the operating cost of a competing fuel. In his conjectural model, Bambrough used natural gas priced at $5.
Bambrough explained, Assuming that the coal-fired plants operating capacity, before you would basically shut down a nuclear facility, you would be comparing it to what you would have to bring on, which would be natural gas. If there is a shortage there (with natural gas), what price would it take before I am willing to shut down my nuclear facility? If you were to shut off the nuclear capacity, and fire up more gas to replace it, it would send gas prices through the stratosphere. And that doesn't factor in the cost of shutting down a nuclear facility, itself an exorbitant process. The analyst said he reached his calculation of north of $500/pound for spot uranium, under an extraordinary emergency supply crunch, by answering this question: How much would people pay before they shut it (a nuclear plant) down if there is a shortage of uranium?
Bambrough's point illustrates that, unlike coal or natural gas, the cost of uranium in the nuclear fuel cycle is minimal. Thus, uranium is subject to an ever greater price rise without the blowback of consumer panic found in rising fossil fuel prices. Uranium prices might have to approach the level of Bambrough's hypothetical forecast before even registering concern on an ordinary consumer's radar.
Despite the recent parabolic rise in spot uranium prices, Bambrough doesn't foresee the uranium frenzy peaking until the years 2013-2015. What will happen then? There's a good chance that the HEU agreement won't be renewed, said Bambrough. Russia may not be selling their uranium. The Russians may want to hold onto what they have. And if they do sell, they may not sell to the U.S. In 2004, U.S. utilities imported more than 80 percent of their uranium supplies from foreign sources. It could be that the Russians are interested in trying to build nuclear plants for other countries and be in that business,he suggested. That may go hand in hand with we're going to build you the facility and we can guarantee you supply. And Russia would be using the balance of that uranium for their domestic needs. Bambrough also cited the problem of mines expiring in the face of a potential new demand.
He concluded, There are time lags to bring new production on versus what needs to be replaced in that 2013 period. The International Atomic Energy Agency forecast nuclear electrical generating capacity to soar by more than 40 percent by the year 2030, which may further drive demand for tight uranium resources, especially during the period of Bambroughs forecasted period.
Historical cycles support spot prices higher than $40/pound, a level above where uranium may hover for several years. The current cycle of rising uranium prices closely parallels the leap which occurred between February 1975 and April 1976. Spot uranium prices soared from $16 to $40/pound during that 15-month period. During the 1970s cycle, uranium steadily rose from $6.75/pound in November 1973, peaking in July 1978 at $43.40/pound. Uranium held above $40/pound for nearly four years from April 1976 through February 1980. In this cycle, uranium prices bottomed at $6.40 in January 2001, creeping higher into 2004. Since late last year, spot uranium prices soared with the same momentum seen thirty years ago. If history repeats itself, spot uranium prices should trade above $40/pound this year, and stay above that level until the end of this decade or perhaps for a longer stretch.
The key yardstick in determining how much higher uranium prices will climb is by keeping track of the number of new nuclear facilities being constructed or proposed. Estimates vary wildly, from as few as thirty by 2020 to more than 150 before 2050. A few years ago, when we first started investing in uranium, Bambrough explained. There were very few plants being proposed. The numbers have doubled for proposed facilities. And for every one you hear about, there's a lot more being planned. That puts uranium miners into an enviable position. Bambrough added that utilities have to secure their fuel supply for up to six years out, once they decide to build a nuclear facility. The fact is the supply is just not there,warned Bambrough.
According to the U.S. Energy Information Administration, umulative unfilled uranium requirements for U.S. civilian nuclear reactors for 2005 through 2014 were reported to be 365 million pounds U3O8e. The quantity of maximum deliveries of uranium for the same period under existing purchase contracts totaled 181 million pounds. Nearly 67 percent of the maximum anticipated market requirements for uranium lack a contract. Over the next decade, U.S. utilities will need to newly purchase more than 36 million pounds of uranium oxide each year, on average, in order to keep their nuclear power plants running. According to the Department of Energy website, contracted purchases from all suppliers precipitously falls in 2007 below 40 million pounds. By 2008, the amount of contracted uranium sinks below 20 million pounds.
In short, U.S. utilities may soon be scrambling for uranium inventory to fuel their nuclear reactors, or face the ridiculous price(s) research analyst Kevin Bambrough warned about. An excerpt from The International Atomic Energy Agency booklet, Analysis of Uranium Supply to 2050, bears out Bambrough's thesis, As we look to the future, presently known resources fall short of demand. The deficit between newly mined uranium and reactor demand has averaged about 40 million pounds annually over the past decade, cannibalizing existing inventories. As we begin 2006, the supply/demand imbalance has reached a critical phase.
Where Will the Uranium Come From?
In his September 2004 presentation to the World Nuclear Association, Thomas L. Neff of MIT Center for International Studies, stated, The net result of nearly twenty years of inventory liquidation is that existing higher-cost suppliers were driven out of business, new mines were discovered from starting, and exploration was neglected.Neff warned in his conclusion, The problem is the one to two decades that will be needed to expand (production) capacity and build the flow of nuclear fuel that meet the expanding requirements horizon.
The 1970s price spike in uranium was limited because existing uranium mines were quickly ramped up to supply utilities with fuel. Neff noted, This is not the case today and a longer period of high prices could prevail.In Neff's analysis, uranium prices would have risen well above $100/pound in the mid 1970s, using constant 2004 US$. On that basis, Bambrough's hypothetical forecast above $500/pound may be not too far out of reach. Neff summarized why the problem has reached a critical stage, We are currently facing the consequences of what may be the largest sustained divergence between expectations and reality in the 60 year history of uranium.
Kevin Bambrough offered some slight relief for the uranium inventory problem, There are a number of mines coming on, and there are talks of expansion. He gave Australia Olympic Dam as one example, and added, There's lots of talk about big production coming on in Kazakhstan, but I've also heard reports saying that's very optimistic. The International Atomic Energy Agency (IAEA) is less sanguine, Lead times to bring major projects into operation are typically between eight and ten years from discovery to start of production. To this total, five or more years must be added for exploration and discovery.The IAEA doesn't foresee relief until 2015 to 2020.
For the time being, U.S. utilities are forced to bide their time while they continue to rely mainly upon newly mined uranium imported from Canada or Australia. Once the world's largest uranium producer, the estimated recoverable reserves in the United States now ranks but eighth in the world with four percent of known global reserves. Those 125,000 tonnes of uranium would supply 250 million pounds of uranium, far less than the unfilled maximum requirement for U.S. utilities over the next decade. The majority of domestically mined uranium now comes mainly from Wyoming, Texas and Nebraska. Permitting operations are progressing in New Mexico, once the country's largest producer of uranium, which may become a significant uranium supplier later this decade.
For people who want to bring on new (nuclear) facilities and contract for it, it's very difficult to do that, said Bambrough. You have to go to mines that are not even there yet in order to try and contract supply.In this light, it appears the greatest opportunity will appear with the junior uranium companies, which obtained known uranium resources during the last down cycle, and whose operators abandoned such properties because of low prices. As Neff warned in his presentation, Uranium prices have recently reversed a twenty year decline, apparently surprising many buyers and sellers. Buyers will be combing the same company lists investors scan. Just as investors will be racing to find the best uranium juniors for investment purposes, utility buyers and uranium traders will be scrambling to identify which company could provide them with a long-term uranium supply.
How Can Investors Profit?
Bambrough recalled compiling a worldwide list, in 2003, of a mere 25 companies involving in uranium mining and exploration. I cut the list down to around ten that looked to be promising,said Bambrough. I'd say that today there are still less than 30 uranium companies that present a good reward-to-risk ratio considering the massive move the sector has made. Depending upon whose list you believe, the number of companies now mining or exploring for uranium stretches to about 200. The majority trade on either the Canadian or Australian stock exchanges.
So how do you separate the potential winners from the also-rank's? People in the industry sort of know who's real and who's not,said Bambrough. I think a lot of the pure exploration companies are more likely to fall on tough times. Bambrough cautioned, I think there will be a real separation between the have's and the have-not's, those who actually have uranium and economic deposits. A lot of exploration companies are more likely to fall on tough times. Those are the ones that will get hurt because they don't have anything to fall back upon. They have to go to market to keep raising money to do the expensive drilling that needs to be done. It costs so much. Miller added, It will take exploration funds, good geology, and some luck to find new uranium deposits in these frontier areas. The success rate of each individual prospect will be far less than 1 in 100.
What sort of companies has Sprott Asset Management invested in? Bambrough responded, We have preferred to invest in companies that have acquired properties that were once owned and were actively being worked by majors at the end of the 70's bull market. He added, The cost of uranium exploration is so large there is great value built into many of these properties. Specifically, millions of dollars worth of drilling work and data have been collected on some properties. In some cases, mining shafts have been built that only require rehabilitation at a fraction of the cost of starting fresh with a green fields project. Another example of what he does and doesn't like, The guys that picked up stuff in the last year, when they saw the uranium boom, they just said, I'm going to go grab some land. I have greater confidence in the guys that have been there for a longer period of time, bought things when they were being thrown away at the lows, and waiting for the uranium price to rise.
Bambrough shared a few of his favorite uranium stocks. Of the companies that we own, we own a larger percentage of Strathmore Minerals (TSX: STM; Other OTC: STHJF) than almost any other company, said Bambrough. We think they've got some great properties. They were guys who got into the game very early, and who have skills as they do with David Miller (president and chief operating officer of Strathmore Minerals) in understanding the uranium business. And they have a very large amount of databases, as does Energy Metals Corporation, which is extremely valuable in understanding the properties. Both Strathmore Minerals and Energy Metals have properties in New Mexico and Wyoming. I think the future for New Mexico is quite good, Bambrough noted, as well as ISLs in Texas and Wyoming. Said Strathmore president, David Miller, Strathmore is the only company to open an office up in New Mexico dedicated to bringing properties into production. The office is staffed by two veteran uranium men, John Dejoia, VP of Technical Services and Juan Velazquez, VP of Environmental and Government Affairs. They have a number of subcontractors doing various required work to bring projects forward to obtain permits to mine.
Another Sprott Asset Management favorite is Tournigan Gold Corp (TSX: TVC). You look at a past producing region, Bambrough pointed out. They went and got old mines. Tournigan recently drilled the historic Jahodna uranium resource in Slovakia, once drilled by the Russians. The company also holds uranium properties in Wyoming and recently acquired uranium properties in South Dakota. He also likes Western Prospector (TSX: WNP), saying, Western Prospector has gone through areas where in some cases, there are shafts there that were dug by the Russians. A lot of work was previously done. Others rounding out Bambrough's preferred list of juniors include Paladin Resources (TSE: PDN) and Aflease, now trading as SXR Uranium One (TSE: SXR). We also have a bit of investment in the Labrador area, and very small, mainly in Altius (TSX: ALS),added Bambrough. As something we're watching. We think it's a promising area.
Where the Action Is
The more adventurous price action may be found in the ongoing consolidation within the uranium sector. Bambrough observed, There appear to be a few aggressive junior uranium companies that seem to be moving forward and working to build a major company. In November, one uranium exploration company, Energy Metals Corporation (TSX: EMC) began takeover procedures to acquire two other uranium juniors, Quincy (TSX: QUI) and Standard Uranium (TSX: URN). Standard Uranium has since traded nearly 70 percent higher. There are people who have neighboring properties, and it makes sense for them to come together, advised Bambrough.
In late December, another of Bambrough's favorite uranium companies, Strathmore Minerals (TSX: STM; Other OTC: STHJF), announced it had engaged National Bank Financial as its exclusive financial adviser to review transaction alternatives to maximize shareholder value from its uranium assets. Questioned about this news release, CEO Dev Randhawa told StockInterview.com, National Bank has the best technical team and will help us reach the right decision to maximize the benefit to our shareholders. In a December 7th note to his subscribers, Canaccord's David Pescod wrote, We talked to Dev Randhawa of Strathmore Minerals because Strathmore seemed to be the one company on most people's list as an obvious take-out target. When we talked to Dev, obviously he wouldn't be adverse to a take-out as long as the price is right, and he even gives us a 50/50 bet that they won't be around in the next six to twelve months. In a 2005 research report, the Cohen Independent Research Group set a price target of C$4.29/share for Strathmore Minerals, based upon the current spot uranium price.
How does Bambrough envision the uranium bull market unfolding for investors? I think the market could really use more large cap uranium companies, since large fund managers currently can really only look to Cameco (NYSE: CCJ) and Energy Resources of Australia (ASX: ERA) to get exposure to the uranium market,said Bambrough. There are several junior companies that should come together to form large uranium companies to leverage their extremely valuable skilled personnel, lower the exorbitant costs of permitting and exploration, and achieving other economies of scale. How soon would it be before a larger company, combining some of these promising juniors, reaches listed status on the New York exchange? would guess that a NYSE listing may not come until 2007 or 2008, responded Bambrough. I think that when the tap comes for a lot of these companies, it will come to those that are in production. You'll be able to see a nice production profile, several projects, diversification, cash flows, and a nice pipeline of projects.
As for the approximately 200 uranium exploration companies that have sprouted up in less than two years, Bambrough advised, don'tt understand why people would put so much money into grassroots properties when there are properties that were (already) worked on, and you can continue on their work. The idea is we are continuing on those projects rather than going grassroots. It's the logical place to go for me. Bambrough is still enthusiastic about the uranium sector and closed his remarks, saying, I expect that we will see a great out performance by quality uranium companies as they move their projects forward. We still see some incredible values and are still actively investing in the space. We are still in the early days of the uranium bull market.
I'm getting ready for an interesting day today!!!!! Go RSDS!!!!
Posted by 10of13 on :
.0019!!! SWEEEETT!
Posted by Ace of Spades on :
RSDS might be one of the best MULTI-DAY runs in a while ! ! ! !
Posted by IMAKEMONEY on :
LOOKING GOOD!!!
Posted by SherriT on :
The bid whackers are killing us though....
Posted by IMAKEMONEY on :
LL2s SAY UP!!
Posted by Homersbud on :
0018 getting hit! New HOD coming soon? I think so!
0017x0018 3x4
Posted by IMAKEMONEY on :
YEP, HERE COMES .0019s
Posted by 10of13 on :
This traded yesterday a.m. between .0013-.0014 and did a nice little run at EOD...closing at .0017 Let's see if we don't get the same pattern as we did yesterday...closing above .002!!!!
Posted by Ace of Spades on :
RSDS is looking strong after a huge move like yesterday's.....looking very nice ! ! !
Posted by IMAKEMONEY on :
HERE COMES THE 10 DAY AVG!
Posted by SherriT on :
quote:Originally posted by 10of13: This traded yesterday a.m. between .0013-.0014 and did a nice little run at EOD...closing at .0017 Let's see if we don't get the same pattern as we did yesterday...closing above .002!!!!
I sure do like your thinking Posted by IMAKEMONEY on :
YEP ME TO 10, TRYING TO GET SOME AT .0015
Posted by SherriT on :
I can't believe anyone would sell at .0015...
Posted by 10of13 on :
Could be that the company isn't quite done... but they shouldn't have many more...
quote:Originally posted by SherriT: I can't believe anyone would sell at .0015...
Posted by IMAKEMONEY on :
GOT MORE!! Posted by IMAKEMONEY on :
RSDS -- Russell Industries, Inc. Com ($0.001)(New) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Russell Industries: Russell Industries Mining Update
HOUSTON, TX, May 30, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has submitted all local, state and federal applications to permit exploration mining of one of its range of claims. To date, the Company is waiting for acceptance of its application and plan from United States Forestry Service. "We were optimistic that we could begin mining in May, now we are realistically expecting clearance in another 45 to 60 days. The Company will work diligently With all regulatory agencies that might request additional information regarding our exploratory mining application," said Rick Berman, President and CEO. Additionally, the Company plans to apply for at least two other exploration permits after regulatory clearance is obtained for the initial permit. About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of May 23, 2007.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
-0-
Posted by 10of13 on :
Well that news is going to be a thunder storm on our picnic!
Posted by IMAKEMONEY on :
THINK SO 10, I LIKE IT! Posted by retiredat49 on :
We were optimistic that we could begin mining in May, now we are realistically expecting clearance in another 45 to 60 days.
A year from now is a loooong way off...
Posted by 10of13 on :
Well Imak...we are about to see how the market feels about the news... Having to wait 45-60 days...not so good.. Filing paper work..is good... Posted by 10of13 on :
Still movement and buys comin' in... Posted by Homersbud on :
Eh, buy on rumors sell on news? Wtf happened?
Posted by IMAKEMONEY on :
I WENT FOR MORE AT .0015 STILL THINK WE GOT MORE TO COME HERE,JMO
Posted by 10of13 on :
I figured it was your fault IMAK! Posted by IMAKEMONEY on :
LOL Posted by IMAKEMONEY on :
GOING BACK UP! Posted by 10of13 on :
.0015 falling...shall we see .0016?!
Posted by IMAKEMONEY on :
BOUNCE!!
Posted by SherriT on :
Where do you see a bounce? I see a sell-off...
Posted by IMAKEMONEY on :
SO DO I SherriT, I WANT IT TO BOUNCE! LOL
Posted by 10of13 on :
Man...this can't decide what it wants to do...LOL
Posted by IMAKEMONEY on :
FEELS LIKE WERE STUCK IN THE MUD!
Posted by IMAKEMONEY on :
HMM LL2s LOOKING BETTER!
Posted by JimSC on :
This stock will run like PDGT, slow but steady uptrend is best for the long run. See the chart of PDGT and you will see how it works.
Posted by JimSC on :
0.0013 X 0.0014
Great time to add more for next run. More PRs expected next week.
Posted by IMAKEMONEY on :
PPS .0012 EOD Posted by 10of13 on :
Yep...your fault!
quote:Originally posted by IMAKEMONEY: PPS .0012 EOD
Posted by IMAKEMONEY on :
LOL, ALWAYS Posted by EverGreen on :
that PR started the selloff of people that got in at .0008-001 (correctly)
hope will not continue otherwise will lose also the .0008 support on panic
Posted by JimSC on :
quote:Originally posted by EverGreen: that PR started the selloff of people that got in at .0008-001 (correctly) hope will not continue otherwise will lose also the .0008 support on panic
Don't worry, the lower the MMs can take it down, the higher it will run. Just be prepared to load more if that happens. All the end-of-504 runs are controlled by the MMs.
**** From IHUB:
Posted by: The_Pink_Lawyer In reply to: dak77 who wrote msg# 16783 Date:5/30/2007 4:27:12 PM Post #of 16804
RSDS 504 is done. The trading today was almost all retail, flippers/daytraders/dumb/scared/newbies. This is how every subpenny begins its run:
Step 1 (RSDS last week): Huge volume and pps doesn't budge Step 2 (this is where RSDS is now): Huge volume with dramatic pps swings up and down. Step 3: Volume starts to slow down but the pps moves steadily.
Posted by JimSC on :
0.0012 X 0.0013
Ask: 0.0013 X 3, 0.0015 X 3 0.0016 X 1, 0.0017 X 1
***
We got huge volume and huge take-down yesterday. Now most of the traders and profit- takers are gone, and RSDS can resume her uptrend.
Posted by JimSC on :
Russell Industries 504 Completed May 31, 2007 10:47:00 AM Copyright Business Wire 2007
HOUSTON--(BUSINESS WIRE)--
Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has completed its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission.
"The Company has positioned itself to continue its strategic plan for 2007 by acquiring an additional 50 Uranium mining claims, quantifying and valuing its present claims and make application to mine part of its claims. We are also contemplating the purchase of certain drilling equipment if our cost analysis indicates this to be advantageous," said Rick Berman, President and CEO.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims in San Juan County, Utah as of May 31, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Source: Russell Industries, Inc.
----------------------------------------------
Russell Industries Inc. Investor Relations Rick Berman 713-446-7231 Fax: 281-298-9055 irrsds*aol.com
Posted by juiceman502 on :
Got in at .0010 and holding strong in for long time
Posted by JimSC on :
0.0014
Huge volume and solid consolidation. I like the slow but steady uptrend.
Friday is always a slow day for pinks, but RSDS is condolidating very nicely. BTw, I like this msg from Ihub.
**** Posted by: The_Pink_Lawyer In reply to: None Date:6/1/2007 11:15:58 AM Post #of 17706
RSDS trading beautifully and as anticipated.
Posted by IMAKEMONEY on :
ALMOST TIME TO GET BACK IN!
Posted by 10of13 on :
Almost...like around .001
quote:Originally posted by IMAKEMONEY: ALMOST TIME TO GET BACK IN!
Posted by SherriT on :
quote:Originally posted by 10of13: Almost...like around .001
quote:Originally posted by IMAKEMONEY: ALMOST TIME TO GET BACK IN!
LMAO - FLIPPER ALERT, FLIPPER ALERT Posted by JimSC on :
quote:Originally posted by 10of13: Almost...like around .001
quote:Originally posted by IMAKEMONEY: ALMOST TIME TO GET BACK IN!
Too many bargain hunters today, 0.0012 will be gone soon, and it may not get down to 0.001:
Time & Sales Price Size Exch Time 0.0012 1000000 OTO 14:17:37 0.0012 1000000 OTO 14:06:41 0.0012 100000 OTO 14:05:07 0.0012 60000 OTO 14:00:26 0.0012 320000 OTO 13:58:27 0.0012 900000 OTO 13:54:40 0.0012 200000 OTO 13:53:30 0.0011 454000 OTO 13:49:43 0.0011 305700 OTO 13:47:56 0.0012 300000 OTO 13:39:00 0.0012 500000 OTO 13:37:06 0.0012 300000 OTO 13:37:06 0.0012 425850 OTO 13:36:34 0.0012 300000 OTO 13:36:34 0.0012 7000 OTO 13:36:23 0.0012 1000000 OTO 13:36:10 0.0012 193000 OTO 13:36:10 0.0012 250000 OTO 13:35:35 0.0012 56100 OTO 13:35:29 0.0012 1000000 OTO 13:35:29 0.0013 210000 OTO 13:26:43 0.0012 500000 OTO 13:26:14 0.0012 118750 OTO 13:22:11 0.0012 113900 OTO 13:17:44 0.0012 50000 OTO 13:15:39 0.0013 200000 OTO 13:11:29 0.0012 400000 OTO 13:11:11 0.0012 900000 OTO 13:10:00 0.0012 1000000 OTO 13:08:15 0.0012 167000 OTO 12:53:04
Posted by Wit on :
quote:Originally posted by 10of13: Almost...like around .001
quote:Originally posted by IMAKEMONEY: ALMOST TIME TO GET BACK IN!
I like to wait for 8's.
That's been the magic # for me. LOL
Posted by IMAKEMONEY on :
HI WIT, HEY WE GOT ALL THE GIRLS HERE!!!
Posted by JimSC on :
Hey, Wit. Now the 504 is over, you may have to wait for a few weeks when the boat comes back to get your 0.0008.
***
RSDS - RUSSELL INDUSTR NEW (OTC)
Date Open High Low Last Change Volume % Change 06/01/07 0.0013 0.0014 0.0011 0.0012 -0.0001 84975813 -7.69% 05/31/07 0.0013 0.0017 0.0012 0.0013 +0.0001 236236500 +8.33% 05/30/07 0.0018 0.0019 0.0011 0.0012 -0.0005 434337594 -29.41% 05/29/07 0.0011 0.0017 0.0010 0.0017 +0.0007 272410406 +70.00% 05/25/07 0.0010 0.0011 0.0010 0.0010 unch 45461004
Posted by 10of13 on :
I've noticed that you are often included in that quote...LMAO!
quote:Originally posted by IMAKEMONEY: HI WIT, HEY WE GOT ALL THE GIRLS HERE!!!
Posted by Lockman on :
IMAKES a girl?
Posted by 10of13 on :
Hahahahaha!!!
Posted by Wit on :
quote:Originally posted by IMAKEMONEY: HI WIT, HEY WE GOT ALL THE GIRLS HERE!!!
Hey IMAKE!!!
Yes,...I can see that,...LOL
And, yes Lockman,....'I' am FEMALE, LOL
I can't picture IMAKE being a girl,...LOL Too funny,...just the thought!!! Posted by IMAKEMONEY on :
NO NO Lockman, IM A GUY. Posted by Wit on :
I think many can tell by your posts your a guy IMAKE,...but, the funny thing about me was that no one could tell I was female,...no one picked up on that 'femine flair',... we definitely had some fun with that didn't we? LOL
Posted by IMAKEMONEY on :
YEP WIT, THAT WENT FOR ALONG TIME!!LOL
Posted by Wit on :
quote:Originally posted by JimSC: Hey, Wit. Now the 504 is over, you may have to wait for a few weeks when the boat comes back to get your 0.0008.
I've been doing pretty well with this one, I mentioned to sherri via PM, that this has been pretty predictable over the last couple of weeks, I'm sure she now see's what I was talking about.
Very NICE little run this week, now it's back 'almost' where it began, (not quite) but,...I'm looking for a little more stablity here, where I can see that it will hold it's pps.
This round just might be it Jim, who can tell,.. 504 is done,.....that should be a 'big deal', although the pps is not reflecting it right now.
Next week it should all be much 'clearer' as to what's going to happen with this one.
Until then, it's been a great little play for me.
GL
Posted by JimSC on :
The bottom level is over, now we proceed to next lever, 0.0011 to 0.0014. You have to go with trend, not the numbers. 0.0008 was the sales from 504, which has ended. Friday afternoon is the best time to get in.
***
Posted by: morcash In reply to: bucksmypup who wrote msg# 17813 Date:6/1/2007 3:14:38 PM Post #of 17843
You have to look back at last week to make sense of today - so many shares bought up at .0008-.0011, it had a slight run 2x and then brought down while the reg D finished up. Today it's Friday - many don't like holding over the weekend. Many others have taken some profits off and new entrants are waiting for reassurance selling is over. Next week should rock IMO.
Posted by JimSC on :
0.0013
Time & Sales Price Size Exch Time 0.0013 911 OTO 15:59:50 0.0013 700000 OTO 15:59:25 0.0012 2000000 OTO 15:56:42 0.0012 700000 OTO 15:56:02 0.0012 3000000 OTO 15:55:02 0.0012 50000 OTO 15:54:10 0.0012 2000000 OTO 15:54:06 0.0012 500000 OTO 15:50:46
Posted by 10of13 on :
Wit... .0008 and .0009 were great to me the past few weeks also...but I am thinking that it won't get that low again...we may have to take the next step up....001-.0011 Monday is going to tell i think... I grabbed a handful today(hate holding this over the weekend)...but I am waiting until Monday to see which way it really goes...if any whaere...
Have a great weekend all!!!
Posted by Wit on :
You may be right 10of13. Monday will be a good indication of just where this wants to go.
I picked some up today just in case.
So,...I'm holding over the weekend right along wit cha!
Have a great weekend as well! Posted by dinner42 on :
Well..... I joined up...lol.. was a miner over at NMCX so long, thought what the heck... and I will add more of this one. Could go up or down, either way I'll spread some powder around the various price points...I'll do my part...lmao
String 'em up!
dinner
PS: What ever happened to Paul Best? :-D
Posted by IMAKEMONEY on :
quote:Originally posted by dinner42: Well..... I joined up...lol.. was a miner over at NMCX so long, thought what the heck... and I will add more of this one. Could go up or down, either way I'll spread some powder around the various price points...I'll do my part...lmao
String 'em up!
dinner
PS: What ever happened to Paul Best? :-D
I TOOK HIS NUTS AND HE LEFT.LOL
Posted by Wit on :
quote:Originally posted by dinner42:
PS: What ever happened to Paul Best? :-D
He's probably around here somewhere, under a new alias,.... keep an eye out for someone with similar 'writings'.
You can lose the name, but you can't shake who you are.
LOL, IMAKE,....you may be right! Posted by dinner42 on :
Lets Rock Monday !!!
Posted by IamtheWalrus on :
I am holding this baby till the end of the year...I am going for the big bux Posted by doubleS on :
looks like berman has filed his 15c211 to make the change from a holding company to an exploration and mining development company. This is good! very good.
Posted by IMAKEMONEY on :
WIT, YOU MIGHT JUST GET YOUR .0008s Posted by doubleS on :
Posted by: aries4747 In reply to: Technical-Indicator who wrote msg# 35008 Date:6/5/2007 1:16:01 PM Post #of 35099
RSDS: Quietly progressing in the permitting process.
I've been following JohnIrag's DD on RSDS since the beginning because he verifies and documents every nugget he's thrown our way.
http://www.investorshub.com/boards/read_msg.asp?message_id=19858383 Some excerpts: I then spoke to Susan White and Paul Baker at the Division of Oil, Gas and Minerals in Salt Lake City. They were both very helpful and explained once again, that both Federal and State Permits were required prior to Mining Operations taking place. At this pointin time (5/3/07) neither one had heard of Russell Industries, the company was also not registered as a going concern with the Utah Secretary of State, which is a requirement prior to the issuance of a mining permit in Utah.
I have checked back regularly for updates from the Div OGM and Paul Baker has since confirmed for me that on the 14th May, Russell Industries registered with the Division of Corporations, thereby meeting the requirement to file for a permit with the state, but that a notice of intention had still not been received.
Then on the 17th of May, I received notice from Paul Baker that he had spoken with Joel Nowak (US Forest Service) who informed him that they had received an exploration notice of intention from Russell Industries.
Here's further documentation that RSDS did, indeed, register with the Division of Corporations, thereby clearing the way to apply for a mining permit. You have to insert "Russell Industries" when you go to the site: https://secure.utah.gov/bes/action/searchresults
What's next in the process?
Utah Division of Oil, Gas and Mining Notice of Intention to Conduct Exploration Oil & Gas Mining
Minerals Forms: (Note - All forms are Acrobat PDF files)
General Provisions:
The informational requirements for these forms are based on provisions of the Mined Land Reclamation Act, Title 40-8, Utah Code Annotated 1953, as amended, and the General Rules and Rules of Practice and Procedures, R647-1 through R647-5.
NEW! Application for Site and/or Bond Release MR-SITE The Application for Site and/or Bond Release form must be completed when an operator requests either full or partial release from mining and reclamation obligations and/or full or partial bond release. This same application is required if the operator wishes to roll the surety bond (or a portion of the surety bond) over to a new mining area.
Notices:
MR-EXP This Notice of Intention to Conduct Exploration form applies only to exploration activities. "Exploration" means surface disturbing activities conducted for the purpose of discovering a deposit or mineral deposit, delineating the boundaries of a deposit or mineral deposit, and identifying regions or specific areas in which deposits or mineral deposits are most likely to exist. "Exploration" includes, but is not limited to: sinking shafts; tunneling; drilling holes and digging pits or cuts; building of roads, and other access ways; and constructing and operating other facilities related to these activities. A $150.00 initial application fee is required to accompany the application form and annually thereafter, until the operator reclaims the site and obtains a formal release from the Division.
And here's the real news nugget for anyone willing to have read this far. A simple communication with the Division of Oil, Gas and Minerals in Salt Lake City reveals that RSDS applied for this Notice of Intention to Conduct Exploration last week. RSDS has not trumpeted this fact, but it IS significant in their steady march forward towards acquiring federal and state permits, IMO.
Posted by Wit on :
quote:Originally posted by IMAKEMONEY: WIT, YOU MIGHT JUST GET YOUR .0008s
'I know',...when are these people going to realize that I know what I'm talking about...LOL,...JK
At best,....I'll take some .0009 IMAKE. Posted by Gary59 on :
I am gonna post just to hopefully get to another page cause it still cracks me up when The first post on this page is IMAKES A GIRL? Man is that too funny.......I thought I would blow iced tea out my nose when I read that the other day..
Posted by 10of13 on :
Here maybe we can make it the last post also,,,
quote:Originally posted by Lockman: IMAKES a girl?
Posted by Wit on :
Too funny Gary, but it didn't work, you're still on page 6, LOL
I also laugh everytime I come on the thread,.... anyone not reading the previous convo would be pretty shocked.
Posted by Gary59 on :
Yep , I had to go back and double read it too but just too funny at the top of the page...
still didnt make page 7..
Posted by IMAKEMONEY on :
LOL, ITS NOT THAT FUNNY!! Posted by Wit on :
Speak of the *****!!!
Yes IMAKE,....it kinda is funny! LOL
How about when I was 'a guy',...LOL
Now, it's your turn. Posted by IMAKEMONEY on :
I DONT LOOK GOOD IN A DRESS.LOL
Posted by Wit on :
Hmmmm,...How do you know that IMAKE ?
LOL
Posted by IMAKEMONEY on :
LOL, I JUST DO. Posted by Wit on :
That's what I like,....leave it open for guesses, LOL
It's all in good fun. Posted by 10of13 on :
allot of females feel that way...IMAK...
quote:Originally posted by IMAKEMONEY: I DONT LOOK GOOD IN A DRESS.LOL
Posted by Wit on :
Hey 10 of 13,...
Didn't you make that 'picture thread' here on Allstocks,... I did see that it's still floating around.
Maybe he can post a picture on there and we can all take votes as to whether or not he looks good,.... what do ya think ?
Posted by IMAKEMONEY on :
OH I LOOK GOOD! JUST NOT IN A DRESS,LOL Posted by cottonjim on :
Here you go, and for goodness sake IMAKE, CLOSE YOUR BLINDS, your frightening the neighborhood. LMAO.
Posted by Gary59 on :
My GOD IMAKE I DONT THINK I WOULD POST A PICTURE HERE,
Posted by Wit on :
Wow,....I've been talking to him all this time, and he's never shared that pic with me,...I'm feeling a little left out,...and a bit jealous IMAKE,...
But,...I will say, the 'black lipstick' has to go,... 'just some fashion advice' ,.... it's not working with that shade of pink.
BTW, IMAKE,....I see you have your 'gin & tonic', in the right hand too. LOL
Posted by IMAKEMONEY on :
WHAT THE! HOW DID YOU GET MY PICTURE JIM, OH YA THAT NIGHT ME AND YOU AND THAT SHEEP I REMEBER NOW,LMAO Posted by BooDog on :
lmao!
Posted by JerZeyDeViL on :
I stopped following this one cause the CEO is crooked IMO, but just out of curiousity, how come the volume is so high and the price is dropping if the "company" is done selling shares? Shouldn't the volume be alot lower now and the price rising?
Posted by cottonjim on :
IMAKE, that is so baaaaaad, ROTFLMAO.
Posted by 10of13 on :
Wit...I was going to say yes to having IMAKE post a pic in a dress...but after that last one where IMAKE has on the black lipstick...I think we should discourage it...LOL
And what's this about the sheep IMAKE?...LOL
Posted by IMAKEMONEY on :
cottonjim SHOT THAT PICTURE RIGHT BEFORE I TRY TO GET INSIDE QBID,LOL,
Posted by Gary59 on :
Well IMAKE at least we got to page 7 ,, too bad that picture of you didnt make the first post of page 7....
Posted by BooDog on :
.0012
missed me again! lol
Posted by Eclipse_21 on :
So my next question. I invested in rsds before i even knew about this board.
i invested 6 bucks i think at .0015 (9000 shrs) and it went to .0060 that day but i was still green and let it go back down because i didnt know how long these things lasted. But i noticed that the 52 week high was 2.00! so hypothetically if the stock went back to 2.00 and i have 9,000 shares, would i have 18,000 bucks?
Seems to good to be true, where is my math wrong?
Posted by iknowaguy on :
That math works for me......LOL
then my 300,000 shares would be worth........hmmmmmmmmmm alot!
except I'm in at 11/12/14 no biggy.
Posted by Eclipse_21 on :
so, thats only a 2.00 jump, what could make a stock like this so that?
Posted by Money102 on :
lots of time I suppose, lots of time..
However. Mr Berman needs to fund and run a company that is going to be a mining operation outfit, no longer a holdings company. It will require a completely different business model and plan for starters.
Posted by Time2drum on :
No posts since the 7th and today it tanks to .0005
Holy crap, what happened to this? Posted by Eclipse_21 on :
Honestly, where is this going?! Either time to abort ship or time to horde onto a lot more shares!
Posted by horsefly on :
after hours it will go back, if not time to load up.
Posted by Eclipse_21 on :
so nobody thinks this one is going to 0 ? Alright, I think Ill load up a bunch.
Posted by JimSC on :
RSDS shares wanted for a run:
It's the take-down day -- the MMs intended to collect stop-loss sale orders. They took the pps down from 8 to 5 in the last 11 minutes. This run will begin soon if enough inverstors sell their shares at 4 or lower.
**** Time & Sales Price Size Exch Time t 0.0007 911 OTO 16:00:33 t 0.0007 114935 OTO 16:00:32 0.0005 4804000 OTO 15:59:56 0.0006 100000 OTO 15:59:13 0.0006 2196000 OTO 15:59:05 0.0006 1604000 OTO 15:59:03 0.0006 2000000 OTO 15:58:20 0.0006 75000 OTO 15:57:52 0.0006 10000 OTO 15:57:47 0.0006 50000 OTO 15:57:47 0.0006 5000 OTO 15:57:42 0.0006 10000 OTO 15:57:42 0.0006 100000 OTO 15:57:39
Posted by Paid_Hobo on :
WTF!!!! Is this becoming the POS that I had in my gut? Time to start listening to the gut.
Posted by JimSC on :
0.0008 - up 60%
Time & Sales Price Size Exch Time 0.0008 200000 OTO 10:13:52 0.0008 1000000 OTO 10:08:21 0.0008 1000000 OTO 10:06:39 0.0008 153520 OTO 10:03:01 0.0008 195880 OTO 10:03:01 0.0008 625000 OTO 10:02:57 0.0008 3000000 OTO 10:02:48 0.0008 650000 OTO 10:02:32 0.0008 169750 OTO 10:02:11 0.0008 1330250 OTO 10:02:09 0.0008 1000000 OTO 10:01:48 0.0008 100000 OTO 10:01:03 0.0008 469750 OTO 10:00:20 0.0008 212500 OTO 09:59:10 0.0008 100000 OTO 09:57
Posted by a surfer on :
quote:Originally posted by JimSC: RSDS shares wanted for a run:
It's the take-down day -- the MMs intended to collect stop-loss sale orders. They took the pps down from 8 to 5 in the last 11 minutes. This run will begin soon if enough inverstors sell their shares at 4 or lower.
**** Time & Sales Price Size Exch Time t 0.0007 911 OTO 16:00:33 t 0.0007 114935 OTO 16:00:32 0.0005 4804000 OTO 15:59:56 0.0006 100000 OTO 15:59:13 0.0006 2196000 OTO 15:59:05 0.0006 1604000 OTO 15:59:03 0.0006 2000000 OTO 15:58:20 0.0006 75000 OTO 15:57:52 0.0006 10000 OTO 15:57:47 0.0006 50000 OTO 15:57:47 0.0006 5000 OTO 15:57:42 0.0006 10000 OTO 15:57:42 0.0006 100000 OTO 15:57:39
Jun 18, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has acquired American Uranium Mining Company ("AUMC"). AUMC owns 68 Uranium Mining Claims located in the Brigerjack section, San Juan County, Utah. "This acquisition is synergistic with Russell Industries focus on the Uranium market and will increase our holding company's assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County," said Rick Berman, President and CEO. AUMC, a publicly traded company, will also have its stock traded on the pink sheet market. Russell Industries will announce the new symbol and date trading will begin in a future press release.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of June 18, 2007
Posted by horsefly on :
it will be a good week, maybe two
Posted by 10of13 on :
June 19, 2007 - 9:31 AM EDT
Russell Industries Acquires American Uranium Mining Company Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has acquired American Uranium Mining Company, formerly Ithaca Industries, Inc (Pink Sheets:ITHI). The Company owns 68 Uranium Mining Claims located in the Briger Jack section, San Juan County, Utah. “This acquisition is synergistic with Russell Industries’ focus on the Uranium market and will increase our holding company’s assets to 322 Uranium mining claims which will now encompass 6,440 acres in San Juan County,” said Rick Berman, who will be elected President and CEO. Ithaca, a publicly traded company, will continue to have its stock quoted on the pink sheet market. Russell Industries will announce the new symbol and date trading will begin in a future press release.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of June 19, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Russell Industries, Inc. Rick Berman, 832-631-6074 Fax: 281-298-9055 irrsds*aol.com
Posted by 10of13 on :
June 19, 2007 - 10:00 AM EDT
Trophy Resources Announces Strategic Uranium Alliance Trophy Resources (PINKSHEETS: TRSI) announced today that they have begun the process of acquiring uranium claims in the San Juan Basin (San Juan County) four corners area of Utah.
Made possible by the strong strategic alliance between Russell Industries (PINKSHEETS: RSDS), American Uranium Mining and Trophy Resources - Mining Division; Trophy may now share in the expertise and field knowledge currently held by Russell Ind. and American Uranium in the acquisition of these formerly productive (federally held) uranium properties.
"It was no accident that we extended the offer to Mr. Richard Berman of Russell Industries to sit on Trophy's Board of Directors," said Trophy CEO, Eric Leonetti, adding, "Mr. Berman not only brings a wealth of business experience but the two and now three companies working together can amass a greater quantity of these formerly productive claims allowing for greater control and the pooling of certain resources in the marketing and eventual mining of the properties."
Trophy plans are to bring as many as 310 claims, as much as 6100 acres, into its mining division in the next 120 days.
Trophy Resources CEO Eric Leonetti adds, "We thank our shareholders for their patience as we move forward. We look forward to announcing many more exciting events as they are executed in the very near future."
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com) is an independent natural resource company with the goal of controlling lease hold acreage and mineral rights. Trophy's oil interests are in the Fort Worth Basin in central Texas, Williston Basin, Montana and the Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage projects and/or producing mines in some of the most prolific precious metal districts in the world. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact: Eric Leonetti 866-284-8617 eleonetti*tropyoil.com
Posted by madmoney on :
"formerly productive (federally held) uranium properties."???? ITHI up 1900 percent at .02 with 25,960 shares volume.
Posted by 10of13 on :
Holy crap...did anyone see that buy for 100000 at .008?
Posted by IMAKEMONEY on :
JUST SEEMS LIKE SOMETHING IS WRONG HERE.JMO
Posted by JimSC on :
That's MMs' signal for the pps to come. Pretty soon all the enery stocks will have their turns, and every body will be talking about the uranium demand in China. RSDS may sign contracts with Chinese firms. Just hold your shares tight for 10X or more.
Posted by IamtheWalrus on :
Trophy Resources' JV Partnership Receives Exploratory Mining Permit for Uranium Property Trophy Resources (PINKSHEETS: TRSI) is excited to announce that their joint venture partnership with Russell Industries, Inc. (PINKSHEETS: RSDS) and American Uranium Mining Company has received an exploratory mining permit for the initial uranium holdings in San Juan County, Utah. This permit, (Claims UMC 391224 - 391273 / Permit E/037/125), will allow the companies to begin the process necessary to establish the true potential of this property in ore reserves, as well as its grade, with the objective of establishing a full scale mining operation in the near future.
The companies have elected to engage two independent geologists to issue (NI) 43-101 compliant reports to establish economic valuation of the underlying assets. The companies also plan to explore the possibility of oil, natural gas and coal bed methane on the group's independent holdings in San Juan Basin, Utah.
Eric Leonetti, President/CEO (Trophy Resources) and Rick Berman, President/CEO (Russell Industries, Inc) said in a joint statement, "We simply cannot be more pleased with the progress we have made, as well as the manner in which this process has been completed, with the BLM. We have begun pursuing the acquisition of the equipment necessary to complete this exploratory work. We are now in position to make rapid progress on these initial holdings and look forward to what we feel will be very positive results."
The Joint Venture between Russell Industries, American Uranium Mining Company, and Trophy Resources was announced on June 28, 2007, as a means of exploiting the companies' potential commercial holdings in uranium, oil, and natural gas.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com) is an independent natural resource company with the goal of controlling lease hold acreage and mineral rights. Trophy's oil interests are in the Fort Worth Basin in central Texas and the Casper Arch / Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage projects and/or producing mines in some of the most prolific precious metal districts in the world. The company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," "planned," "will," "should," "expected," "anticipates," "draft," "eventually," or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact: Trophy Resources, Inc. Eric Leonetti 866-284-8617 eleonetti*trophyoil.com
Posted by IamtheWalrus on :
Trophy Resources' JV Partnership Receives Exploratory Mining Permit for Uranium Property Trophy Resources (PINKSHEETS: TRSI) is excited to announce that their joint venture partnership with Russell Industries, Inc. (PINKSHEETS: RSDS) and American Uranium Mining Company has received an exploratory mining permit for the initial uranium holdings in San Juan County, Utah. This permit, (Claims UMC 391224 - 391273 / Permit E/037/125), will allow the companies to begin the process necessary to establish the true potential of this property in ore reserves, as well as its grade, with the objective of establishing a full scale mining operation in the near future.
The companies have elected to engage two independent geologists to issue (NI) 43-101 compliant reports to establish economic valuation of the underlying assets. The companies also plan to explore the possibility of oil, natural gas and coal bed methane on the group's independent holdings in San Juan Basin, Utah.
Eric Leonetti, President/CEO (Trophy Resources) and Rick Berman, President/CEO (Russell Industries, Inc) said in a joint statement, "We simply cannot be more pleased with the progress we have made, as well as the manner in which this process has been completed, with the BLM. We have begun pursuing the acquisition of the equipment necessary to complete this exploratory work. We are now in position to make rapid progress on these initial holdings and look forward to what we feel will be very positive results."
The Joint Venture between Russell Industries, American Uranium Mining Company, and Trophy Resources was announced on June 28, 2007, as a means of exploiting the companies' potential commercial holdings in uranium, oil, and natural gas.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com) is an independent natural resource company with the goal of controlling lease hold acreage and mineral rights. Trophy's oil interests are in the Fort Worth Basin in central Texas and the Casper Arch / Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage projects and/or producing mines in some of the most prolific precious metal districts in the world. The company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," "planned," "will," "should," "expected," "anticipates," "draft," "eventually," or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Trophy Resources, Inc. is an exploration with limited experience in the oil and gas industry. At the time of this release Trophy Resources lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company's shares to raise the necessary operating capital. Based upon industry standards Trophy would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Trophy's financial and contractual obligations, Trophy's managerial errors made based upon the company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact: Trophy Resources, Inc. Eric Leonetti 866-284-8617 eleonetti*trophyoil.com
Posted by IamtheWalrus on :
HOUSTON, TX,, Aug 14, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has purchased drilling equipment and has begun drilling as per its permit approved by Bureau of Land Management in July. The Company received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. The Company expects a second permit to be approved this week. "The purchase of this equipment is a major step for a development company like Russell Industries. We will now have the ability to validate the proven and probable reserves of this claim area and our other claim areas as permits are approved. We will then evaluate our options regarding strategic use of these assets," said Rick Berman, President and CEO of Russell Industries.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of August 14, 2007.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
Posted by jbfreedom on :
GO RSDS !!!! I TRIED TO FIND THIS POST YESTURDAY BUT I DIDNT HAVE ANY LUCK SO I STARTED A NEW ONE AND APOLOGIZE TO WHOM IT MAY HAVE OFFENDED,I WILL DELETE THE ONE I MADE IF SOMEONE WOULD TELL ME HOW........THANKS WALRUS FOR BRINGING THIS POST BACK UP.
Posted by IamtheWalrus on :
quote:Originally posted by jbfreedom: GO RSDS !!!! I TRIED TO FIND THIS POST YESTURDAY BUT I DIDNT HAVE ANY LUCK SO I STARTED A NEW ONE AND APOLOGIZE TO WHOM IT MAY HAVE OFFENDED,I WILL DELETE THE ONE I MADE IF SOMEONE WOULD TELL ME HOW........THANKS WALRUS FOR BRINGING THIS POST BACK UP.
you bet. i thought it was reliable information.
Posted by jbfreedom on :
bid .0006 ask .0007
Posted by IamtheWalrus on :
Yeah, closing at 7 was a big deal IMO
Posted by horsefly on :
that a boy
Posted by jbfreedom on :
Next couple weeks will be very interesting and also looking forward to the next few PR's.Certainly worth radaring.....JMO
Posted by IamtheWalrus on :
My quote from iHubber:
Ditto. Mr Berman is most likely saving up multiple objective achievments for one PR. That seems to be his demeanor, a conservative CEO, and that is fine by me.
Posted by jbfreedom on :
SHOW...ME...THE....MONEY !!!!!!!!! LOL
Posted by jbfreedom on :
WELL BLOWS ME DOWN !!!! BID .0007 ASK .0008
Posted by EverGreen on :
Russell Industries Begins Drilling
Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has purchased drilling equipment and has begun drilling as per its permit that was approved by Bureau of Land Management in July. The Company received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County, Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. "The purchase of this equipment is a major step for a development company like Russell Industries. We will now have the ability to validate the proven and probable reserves of this claim area and our other claim areas as permits are approved. We will then evaluate our options regarding strategic use of these assets," said Rick Berman, President and CEO of Russell Industries. Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of August 20, 2007.
Posted by jbfreedom on :
anyone have any new news on this ? volume way up and pps down?
Posted by EverGreen on :
quote:Originally posted by jbfreedom: anyone have any new news on this ? volume way up and pps down?
Posted by IamtheWalrus on :
or something of a major run is anticipated....
Posted by Wit on :
Nope,....
The CEO (Berman) is diluting this one.
Posted by jbfreedom on :
hey evergreen,thanks ,but i tried to click on the link and for some reason it wont connect.any suggestions ? p.s. i hope you are right walrus.
Posted by jbfreedom on :
ya know a friend showed me that this one has r/s about this time of year twice in the last two years.i hope we are not getting ready for that !!!
Posted by EverGreen on :
change ***** with advfn .com
allstock (correctly) cancel some other sites link
Posted by jbfreedom on :
quote:Originally posted by PCola77: [QB] LOL. I can create a website telling you to watch out for 6 headed dragons. Does that make them real?
What are you implying PC? A six headed dragon is real. Never seen one and NGEO hasn't either...but bashers are. It is just a site simply pointing out their tactics...we all know them, but some new here do not. THought I was being helpful, and you mock me. We all know RSDS is a good invesment whether the A/S was increased or not. This company is might I add, from Loof on iHub, which are correct.
Some things to think about!
1. Why would a CEO put his address on documents if he were trying to screw us.
2. Why would the CEO respond at all to any shareholders, if he were trying to take the money and run.
3. The market cap is still under 1.8 million dollars
4. The company owns a drilling rig...could it be leased out to other companies for revenue?
5. The company is paying geologists to verify it's PROVEN and potential uranium claims.
6. We have some knowledge as to what the value of these claims might be and it's no small amount of money.
7. The company has no debt
8. There is a reason for 10 billion shares to be authorized. I don't think it was just for fun.
9. I think we are getting closer to finding out a lot more substantial information about the potential of this company
10. Should we believe anonymous posters on a message board about our investment of should we trust the public information pr'd by the CEO stating his strategic plan?
Kudos to you, trade quickly, but invest wisely. IMO, the increase may be considered dillution by some, I consider it more playing field for those who anticipate what is to come. Complete and found success. Take it or leave it.
Posted by jbfreedom on :
I agee walrus,i like this companies potential and there strategy.I am a little concerned about another r/s/though.I dont have anything to back it up with other than the last two years it has done it about this time of year.Im in regardless soooooooooooooo ........LETS GET IT ON !!!!
Posted by jbfreedom on :
rsds share info:
Estimated Market Cap 1,719,130.398 as of Aug 24, 2007 Outstanding Shares 4,297,825,994 as of Aug 27, 2007 Authorized Shares 10,000,000,000 as of Aug 23, 2007 Number of Share Holders of Record 131 as of May 7, 2007 Float 1,946,288,237 as of Aug 23, 2007
Posted by J_U_ICE on :
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What is a good entry .0010
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Do need the news though
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