posted
yesterday's vol was 380m. o/s only 450m..CEO buying back shares
optimizer_78
posted
Press Release Source: Unico, Inc.
Unico, Inc. Chairman Files Form 4 on Stock Purchase Thursday April 6, 9:15 am ET
SAN DIEGO, CA--(MARKET WIRE)--Apr 6, 2006 -- Unico Incorporated (OTC BB:UNCN.OB - News), which focuses on the production of ores and precious metals in the U.S., today announced that chairman Ray C. Brown has purchased an additional 5,000,000 shares of Unico common stock. ADVERTISEMENT
The purchase was made at a price of $0.00128 per share on April 4, 2006 and brought the number of common shares that Mr. Brown owns to 43,000,000. Subsequent to his purchase, Mr. Brown gifted two million shares of his purchased common stock to Unico corporate secretary C. Wayne Hartle and one million shares to company director Richard Belliston. After receiving the stock, Mr. Hartle's Unico common stock ownership increased to 3,197,000 shares and Mr. Belliston's increased to 2,233,278 shares.
"Both Mr. Hartle and Mr. Belliston have been highly effective and loyal members of the Unico management team, and I was pleased to provide these additional shares to them from my recent stock purchase," stated Mr. Brown.
"We all believe very strongly in the future of Unico and are particularly encouraged by the recent progress on the reconstruction of the mill and processing facility at the Deer Trail Mine, since it is expected to provide a consistent revenue stream for the company from the processing and shipment of current stockpiles of precious metal bearing ore," Mr. Brown added. "These developments, as well as Unico's agreement with industry leader Behre Dolbear to provide geological services at the Deer Trail Mine, only add to our confidence that Unico is headed in the right direction and is poised to grow value for the company's shareholders."
A Form 4 Statement of Change in Beneficial Ownership of Securities was filed with the Securities and Exchange Commission regarding Mr. Brown's purchase, and two additional Form 4 statements were filed on the increases in Mr. Hartle and Mr. Bellison's common stock holdings.
About Unico Inc.
Unico Inc. (www.uncn.com) is a publicly traded company incorporated in Arizona that is focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties: the Deer Trail Mine the Bromide Basin Mine and the Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contact: Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 Email Contact http://www.uncn.com
-------------------------------------------------------------------------------- Source: Unico, Inc.
RockLobster
posted
what's the O/S on this?
ams545
posted
when ??
RockLobster
posted
oops, sorry didn't see you posted that in your first message.. i'll radar this as it looks like it is at support levels..
craig9897
posted
RockLobster, There are 5 Billion shares. Production begins in July. stock will max at .006
Jason0352
posted
Where did you get 5 billion? Is that Authorized shares.
I see 498 million O/S and 472 million in the float. This is at the bottom, and at a double bottom I might add. Formed a doji today, possible trend change for next couple days.
posted
Jason, I'm not positive, but I think the float is a little less than 472mill. I was glancing over the form 4's and it looks like insiders own more than 45 million The O/S is correct at 498 million, so wouldn't the float be around 453mill or so?
dbrownRC
posted
its hard to believe the float is that low considering this thing has been trading over 200 million shares a day for the last week...just my thoughts...i know theres flippers, but they dont flip half the float a day....
Chad
posted
this seems like a good buy. its at a very low price and this stock seems to fluctuate. It looks to hit .004 and even higher at times when it does go up. At this price, with some patience, this seems like an easy double and a flipper. anyone else think so??
BuyTex
posted
lol, guys--get the O/S and float pinned down...call the TA
optimizer_78
posted
2 days volume 550m exceeded the o/s of 472m..
run may start today
ams545
posted
i think it will boooooooooooooooooooooooooooooom today
edgewise
posted
I'm in this one for 300k shares at .0015. I shoulda left my limit order at .0014 this morning, but I didn't wanna miss out on this thing if it did happen to run soon.
I can wait, though. I think this one's got good potential from here.
invester
posted
Be cautious, there is a R/S in the works. Still a great company though.
edgewise
posted
Thanks, invester.
DIGDOUGH
posted
Now do these guys use a microscope when they focus on these metals or do they just gaze with their naked eyes? I wonder.
BULListic
posted
Yikes....12x14.....MM's collecting the cheapies.
optimizer_78
posted
bottom here at .0013-.0014
optimizer_78
posted
news out Unico Announces Engineering Contract for Electrical Substation at the Deer Trail Mine Thursday April 13, 9:25 am ET
SAN DIEGO, CA--(MARKET WIRE)--Apr 13, 2006 -- Unico Incorporated (OTC BB:UNCN.OB - News), which focuses on the production of ores and precious metals in the U.S., today announced that the Deer Trail Mining Company, LLC, a wholly owned Unico subsidiary, has contracted with BNA Consulting, Inc. (www.bnaconsulting.com) of Salt Lake City, a major provider of electrical consulting services in Utah and surrounding states for 35 years, to provide a broad range of engineering services related to the construction of an electrical substation at the Deer Trail Mine and processing facility in Marysvale, Utah. ADVERTISEMENT
The Deer Trail Mining Company has initiated reconstruction of the mill and processing facility to improve both efficiency and capacity in processing operations at the Deer Trail Mine. The design and completion of a new electrical substation at the Deer Trail Mine is expected to provide substantial cost savings for the Deer Trail Mining Company, specifically as it relates to the operation of the mill and processing facility, as a result of lower energy costs and greater reliability.
A major focus of the company's current efforts is on the completion of the mill and processing facility, so the Deer Trail Mining Company can begin processing current stockpiles of precious metal bearing ore and sell the concentrates to generate revenue for the company in the near term. The reconstruction includes a variety of improvements that are expected to improve the long-term performance of the facility and increase the company's profitability.
Unico, Inc. president Wayne M. Ash, who has been appointed to supervise and manage all operations at the Deer Trail Mine, explained the numerous reasons that the Deer Trail Mining Company opted for going to grid power rather than diesel-generated power.
"The cost of diesel fuel has risen to at least twice the $0.20 to $0.25 per kilowatt hour price it was a decade ago. There is no guarantee that the price will not continue rising in the medium-term future. Although there is no assurance that the rate for grid power, which is presently in the range of $0.06 per kilowatt hour, will not increase with time, the current cost gap between the two is expected to widen, rather than narrow. Further, diesel generators are prone to breaking down far more often than loss of grid power. When the power goes off, material settles out in tanks and makes the mill very difficult to start up again, causing a loss of mill throughput while the company still incurs labor costs. In addition, there is always a loss of recovery during rapid shut-down and slow re-start. The bottom line is that the fewer the breakdowns that occur, the more efficiently the processing facility can operate," stated Mr. Ash.
"Increased maintenance and labor requirements would also impact the bottom line of the operations at the Deer Trail processing facility. When diesel units are over-taxed, the cost per kilowatt hour skyrockets, while with grid power, the company will only pay for what it uses. Maintaining load balance between the two diesel generators that would be needed to power the site would require the hiring of a full-time electrician. Probably most compelling of all of these factors is that the monthly cost for diesel generator power would be approximately four times as high as grid power. Putting in terms of return for the company, the diesel power alone at the mill could cost us as much as $20.00 per ton processed, versus $5.00 per ton for grid power," added Mr. Ash.
In September 2005, Unico entered into a five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation, for the purchase of precious metal bearing concentrates. Terms of the agreement include a monthly purchase quantity of 150 tons for the first 6-9 months and increases to 300 tons through the duration of the five-year term. Unico has estimated that the gross cash flow produced from this contract could range from $125,000 up to $450,000 per month. Since completion of the mill and processing facility is directly tied to near-term revenues for the company, significant resources and manpower are being dedicated to the reconstruction efforts.
About Unico Inc.
Unico Inc. (www.uncn.com) is a publicly traded company incorporated in Arizona that is focused on the production of ores and precious metals such as gold, silver, lead, and zinc at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contact: Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 Email Contact http://www.uncn.com
quote:Originally posted by invester: Be cautious, there is a R/S in the works. Still a great company though.
Anyone have any details on a R/S?
BULListic
posted
Approved, but could happen anytime between now and August. I'm playing it that it will be later than sooner, based on the recent insider buys.
edgewise
posted
Breakin' the downtrend of the past few days!
edgewise
posted
New HOD. Catch it before this bounce really takes off!
.0016 x .0017
striper
posted
big buys coming in
edgewise
posted
I'm hoping that this bounce continues. If it does, then Monday should be nice for those of us in here. Less than a month ago, this thing saw .0048.
superman7
posted
gapping this morning
i am thinking this could be the play of the day with gold up clse to $10!
superman7
posted
looking real good n0w this morning
we should get a two tick up jump in the pre-market could equal a big day for UNCN
superman7
posted
about to break .0017!
edgewise
posted
shame this thing came back down.. maybe that's all there was gonna be for that run..
oh well.. i bought at .0015, sold at .0016.. at least it was green.
Dragan Kozak
posted
I am new to this site. I have some shares in this company. is this thing going to rise at all?
xnycen
posted
i think so, might be a 300% gain in less than a week...
jdg257
posted
what is going to drive the run, news? aquisition? financials?
edgewise
posted
quote:Originally posted by jdg257: what is going to drive the run, news? aquisition? financials?
it doesn't take anything, really. it could just be a bounce for no good reason like it did this past week, from .0014 to .0017.. these things just kinda happen for no reason.
check out AVNT. that thing flew over 60% for no reason at all.
"Represents 200,000,000 shares of Common Stock to be issued to employees and consultants as compensation for services rendered" a) insiders are rewarded for future benefits? b) company is short on cash and tries to cover it?
posted