quote:

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Originally posted by triumfz205:
The financials released Friday were not audited. There should be audited financials released in the near future. I just filled 100,000 more shares at .023, great time to get in IMO.

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Yeah. Traders like Diana are jumping out.

This stock should keep falling for a couple of months, IMO. .012 or .01 would probably be a good entry point. I see it hit .02 today.

quote:

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Originally posted by Slayer:
"Anyone know why this stock is getting down?"

Yeah. Traders like Diana are jumping out.

This stock should keep falling for a couple of months, IMO. .012 or .01 would probably be a good entry point. I see it hit .02 today.

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Where did you get that traders like Diana are jumping out. Read the thread... I doubt you will ever see .012 or .01 again. If you are waiting for that - good luck. 500 Million dollar contract. Try finding another stock, anywhere around this price with that kind of contract? If traders like Diana held a Million shares at .029, as stated, and sold now - she would not be that much of a trader. She would be taking a loss of over 7 thousand dollars. Not to be a jerk or anything, I just think you are really off on this one...

I bet Diana bailed this morning. $500 million (over 10 years)is the sales price of the iron ore. Do you have any idea what the profit margin is for an iron ore mine?

I'm not saying NMC won't be a good little iron ore mining company. I'm saying what I 'think' will happen to the stock price. I don't see the 2003 and 2004 financial statements helping when they come out, although I certainly could be wrong.

I guess we will see. I think the profit margin will be relatively high on this operation, based off the research I have done. I also do not see it playing out that “high stakes shareholders” bailed this morning. I think today’s dip was nothing more then a ploy to shake those who do not see the potential of this company. Just my opinion though.

quote:

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Originally posted by Slayer:
Nemesis,

I bet Diana bailed this morning. $500 million (over 10 years)is the sales price of the iron ore. Do you have any idea what the profit margin is for an iron ore mine?

I'm not saying NMC won't be a good little iron ore mining company. I'm saying what I 'think' will happen to the stock price. I don't see the 2003 and 2004 financial statements helping when they come out, although I certainly could be wrong.

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Slayer,

The 500 million was only 26% of the skull mountain project, that leaves a valuation of roughly 1.9 billion just for that one claim. Also, I may be wrong but that was just for the ore reserves " announced today that NMC, Inc. has sold 137,939 tons of concentrated ore "as is" in the storage pits (approximately 26% of its total Skull Valley concentrated ore inventory)" I take the "AS IS" part of the PR to mean that the company buying the ore will be responsible for the processing. This should dramatically increase the profit margin for the company. Also, the company had earnings per share of .003 per share according to the 2001 financials. If you use a Price Multiple of 10 (conservative) that will have them trading at the current levels of .03 w/o the added 500 million in revenue for the new deal.

Of course we will have to wait and see what the 02 03 and hopefully 04 financials look like but, if the company had an earnings per share of .003 w/o this deal one can only dream and imaging what it will be when they include the deal. This company is way undervalued IMO.
Take it for what it is worth.

D

1/3/2005 8:02:33 P.M. US Eastern Standard Time
From: MadFranco
Reply To:
To: faith4more_2000@yahoo.com
CC:
BCC: Reality Inc 21
Sent on:

Sent from the Internet (Details)
Internet Address Card Attached

The financials will be out as soon as they are ready (following management review). While we can understand your concern, the company will resist the urge to release prematurely (before completion of appropriate review). As regards news, we will have news as it happens. Management appreciates, and shares, your enthusiasm for more information and news but must also be conscious of following proper procedure to ensure that future financial reporting will go smoothly and without having to revise previously stated information. I am not in a position to annotate at this time anything that might be contained in the financial statements that have not yet been released. Understand that it would be unwise to rush a review, and know that the Company will appreciate your patience.

Sincerely,

JORDAN RICHARD ASSOC. LLC
Madeleine Franco

I DO EXPECT THIS TO RETRACE TO THE .018 OR .019. THAT IS EXPECTED. WHEN THE FINANCIALS COME OUT THIS WILL BE AT .10 STOCK IN A MATTER OF SECONDS. I WILL BE READY. I WILL ACCUMULATE AND BUY AND SELL TO ACCUMULATE MORE SHARES.

quote:

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Originally posted by Slayer:
"Anyone know why this stock is getting down?"

Yeah. Traders like Diana are jumping out.

This stock should keep falling for a couple of months, IMO. .012 or .01 would probably be a good entry point. I see it hit .02 today.

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PLEASE DO NOT USE MY NAME IN YOUR POSTS. THANK YOU.

quote:

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Originally posted by lilpennypincher:
I agree 100% Diana.......Good luck.

Lil

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THANKS YA BABY....

If you will look at the 2001 financial statement, you will see that the "earnings" in that year were from court settlements, as opposed to operations. I'm not a miner, but I would think the "as is" part of the contract means that there is no requirement that the iron ore contain any specific concentration of iron. I think a person needs to be a combination miner/lawyer to properly evaluate this stock. I found this on the SEC's site:

"SEC SUES OFFICERS OF HEXAGON CONSOLIDATED COMPANIES OF AMERICA, INC. AND REGISTERED ASSAYER

The Securities and Exchange Commission announced today that it has filed a complaint against three men for various violations of the federal securities law. The three defendants are Michael J. Pietrzak of Carol Stream, Illinois, Maurice W. Furlong of Reno, Nevada, and Donald E. Jordan of Henderson, Nevada. Pietrzak and Furlong are officers and directors of Hexagon Consolidated Companies of America, Inc. ("HCCA"), a development stage mining company headquartered in Reno, Nevada. Pietrzak is HCCA's general counsel, executive vice president and secretary, as well as a director. Furlong is HCCA's chairman, president and CEO. Defendant Jordan is a registered assayer who issued misleading reports that falsely stated that HCCA held ore and other minerals valued at more than $2 billion.

The complaint alleges a wide-range of securities law violations, including that misstatements were made by HCCA in filings with the Commission. Pietrzak and Furlong engaged in protracted efforts to fraudulently increase the stock price and value of the company by, among other means, filing false and misleading registration statements and periodic and current reports, and by issuing false press releases and a letter to shareholders. During the same time, Pietrzak and Furlong sold a total of more than 79.7 million shares of HCCA stock, fraudulently receiving at least $4.2 million. The complaint also alleges that from 1996 through 2001 HCCA, through the efforts of Pietrzak and Furlong, reported to the public that is was an entity with substantial assets when, in fact, it was virtually worthless. Defendant Jordan engaged in fraud when he issued false and misleading reports that valued HCCA's mining assets at more than $2 billion."

The date of the SEC statement was March 6, 2003.

D

quote:

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Originally posted by Slayer:
Big D,

If you will look at the 2001 financial statement, you will see that the "earnings" in that year were from court settlements, as opposed to operations. I'm not a miner, but I would think the "as is" part of the contract means that there is no requirement that the iron ore contain any specific concentration of iron. I think a person needs to be a combination miner/lawyer to properly evaluate this stock. I found this on the SEC's site:

"SEC SUES OFFICERS OF HEXAGON CONSOLIDATED COMPANIES OF AMERICA, INC. AND REGISTERED ASSAYER

The Securities and Exchange Commission announced today that it has filed a complaint against three men for various violations of the federal securities law. The three defendants are Michael J. Pietrzak of Carol Stream, Illinois, Maurice W. Furlong of Reno, Nevada, and Donald E. Jordan of Henderson, Nevada. Pietrzak and Furlong are officers and directors of Hexagon Consolidated Companies of America, Inc. ("HCCA"), a development stage mining company headquartered in Reno, Nevada. Pietrzak is HCCA's general counsel, executive vice president and secretary, as well as a director. Furlong is HCCA's chairman, president and CEO. Defendant Jordan is a registered assayer who issued misleading reports that falsely stated that HCCA held ore and other minerals valued at more than $2 billion.

The complaint alleges a wide-range of securities law violations, including that misstatements were made by HCCA in filings with the Commission. Pietrzak and Furlong engaged in protracted efforts to fraudulently increase the stock price and value of the company by, among other means, filing false and misleading registration statements and periodic and current reports, and by issuing false press releases and a letter to shareholders. During the same time, Pietrzak and Furlong sold a total of more than 79.7 million shares of HCCA stock, fraudulently receiving at least $4.2 million. The complaint also alleges that from 1996 through 2001 HCCA, through the efforts of Pietrzak and Furlong, reported to the public that is was an entity with substantial assets when, in fact, it was virtually worthless. Defendant Jordan engaged in fraud when he issued false and misleading reports that valued HCCA's mining assets at more than $2 billion."

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quote:

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Originally posted by Livios:
Just filled the gap it made on the last run-up.
Now we are ready to go much higher.
Accumulation time will be over very soon, don't miss the next ride.

LIVIOS.

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L,

YOU BEAT ME TO IT!! LOL CLEAR SAILING!! HAVE AN ORDER IN AT .017 AND .018 THAT DID NOT FILL. GUESS I WILL CHANGE IT TO .019.

GOOD LUCK TO YA..

Lil

Giving thanks to Mag once again for pointing me in the NMCX direction before the last run.

GLTA

quote:

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Originally posted by Nemesis:
Wow, I thought yesterday was a good entry point... I am trying to pick-up some more at .017... I am really going heavy on this one. Does anyone know when more current financials are due to be released?

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I'm jealous......Yesterday was a bargain....This is just insane.....got more this morning at .019, I WANT SOME .017......WHINE!
Can't sell anymore of anything till somethin' gives a little.
Waiting....Waiting, Want to see those myself...

BOOM!!!!!!!!