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WHAT DO YOU REALLY THINK THIS COULD BE AT IN ABOUT 1 MONTH OR SO. JUST YOUR EVERYONES OPINION.
If the financials are in place and reported soon, we should see a good run up here. At the end of a month i could see a new base building in the high .02's to the lower .03's with a couple higher runs. The end of March or April when the 2004 financials are released, we could be much higher. This is the first time i've ever posted a target. Hope it helps, and these are just my opinions of course. I dont look for a pie in the sky but accept what the market has to offer. Good Luck Ken
quote:Originally posted by realityinc21: NMCX Financials Date: 1/11/2005 5:15:42 P.M. US Eastern Standard Time From: MadFranco Reply To: To: Reality Inc 21
Just to clarify, 1999 - 2001 is 3 years.
It is my hope, though not my promise, that unaudited financials for 2002 and 2003 may be out yet by the end of this week. And, again, I am hopeful that 2004, audited or not, may be ready by late March/early April, as might normally be expected.
JORDAN RICHARD ASSOC. LLC Madeleine Franco
Hi Diana :-)...I just e-mailed the company me to....and
De : <MadFranco@aol.com> Envoyé : 13 janvier 2005 20:49:44 À : bob@aspenmkt.com Objet : Re: NMC Question
It is my hope, though not my promise, that unaudited financials for 2002 and 2003 may be out yet by the end of this week or the early part of next, though I recognize that the week is fast drawing to a close. I am hopeful that 2004, audited or not, may be ready by late March/early April, as might normally be expected.
JORDAN RICHARD ASSOC. LLC Madeleine Franco
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NMC, Inc. Reports on January 14, 2005 Due Diligence Meeting Tuesday January 18, 6:00 am ET Company Experiences Favorable Response to Low-Impact Mining Techniques
LAS VEGAS--(BUSINESS WIRE)--Jan. 18, 2005--NMC, Inc. (Pink Sheets:NMCX - News) reported today on a due diligence meeting that was held at its Skull Valley (Ariz.) property, approximately 20 miles west of Prescott, on Friday, January 14. The meeting was organized at the request a number of attendees who had expressed interest in conducting a site visit as part of their overall due diligence effort. Persons attending included individuals having been approached and considering service on the Company's Board of Directors, potential buyers of ore concentrate, and several representatives of the Native American Nation. A visit to the Company's ore assessment laboratory was followed by a tour of the mine site. Management explained the history of the company and concluded the tour with the "live" production of a dore bar. Off-site management presentations following the tour were aimed at giving visitors a greater understanding of precious metals mining generally and to help the audience gain some insight into the context of NMC's recovery efforts relative to other ongoing regional mining activities.
"Visitors seemed mainly interested in seeing actual, ongoing recovery operations, and I believe they liked what they saw," said Michael D. Sheppard, Chairman and CEO of NMC, Inc. "They also responded very favorably to NMC's low-impact recovery techniques. We believe that we have forged some important relationships," he added.
Sheppard noted that the Company's unaudited 2002 financial statements are posted on the Company's web site at www.nmcinc.com. The unaudited 2003 financial statements are currently undergoing management review, which is expected to be completed shortly, and will be posted to the Company's web site as soon as the review is complete.
NMC, Inc. has interests in mining and ore processing. In addition to its Skull Valley (Ariz.) claims, the company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company's actual results may differ from management's expectations. Risks and uncertainties associated with forward-looking statements include without limitation, U.S. and foreign currency fluctuations, changes in environmental and mining regulations, delays in obtaining regulatory approvals, costs associated with processing ore concentrates, fluctuation in precious metals markets, general economic and business conditions, litigation and other factors. All subsequent forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
----------------------------------------------------------- --------------------- Contact: Jordan Richard Assoc. Madeleine Franco, 801-463-0300 ir@jordanrichard.com
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NMC, Inc. Announces Sale of 137,939 Tons of the Concentrated Ore Inventory in Skull Valley, Arizona Wednesday December 22, 6:00 am ET $500 million sale over 10 years represents 26% of Skull Valley tonnage HENDERSON, Nev.--(BUSINESS WIRE)--Dec. 22, 2004--Michael D. Sheppard, chairman of the board and CEO of NMC, Inc. (Pink Sheets:NMCX - News), 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) to a private U.S. corporation. The irrevocable contract is valued at $500 million over 10 years. The Company has already received an initial payment of $700,000, and the remainder of an $11 million down payment is to be paid over 24 months. Under the terms of the agreement, the buyer will pay the remaining $489 million over a 10-year period calculated from the date on which the full down payment schedule is activated, which is 30 days after NMC receives its audited financial statements.
Sheppard further noted that financial statements for 1999 through 2003 will be posted on the Company's web site (www.nevadaminingcompany.com) as soon as they are received from Pannell Kerr Forster.
NMC, Inc., and its wholly owned subsidiary, Peeples, Inc., has interests in mining and ore processing. In addition to its Skull Valley operations, the Company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif. In all of the above NMC, Inc. owns 100% of the mineral rights.
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Is everybody on a holiday or what? Or did you guys become unpatient and bailed out? NMCX has been floating between 0.015 and 0.017 the last few days, looks like it found a bottom here. The 2003 financials should be out very soon, then we will know much better where we are standing. The sooner they manage there paperwork the better. CEO stated to me by mail that they should be off the pinks before summer. My guess is that the PPS won't be in the 0.015 - 0.017 range by that time, but much higher.
LIVIOS.
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER
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----- Original Message ----- From: xxxxx To: <michaelsheppard@xxxxxxxxx Sent: Tuesday, January 25, 2005 10:59 AM Subject: 2003 Financials.
> Good afternoon Mr. Sheppard, > > Are the any up-dates concerning the 2003 financials? > A lot of people are getting impatient and nervous > about the fact there is no further news. > Those figures have been promised for one month ago but > have not been delivered at the moment. > I understand that is a lot of work and it's out of the > hands of the company but it's important for the > investors confidence, small or big ones, that promises > can be kept. > Still very confident about the future and following it > very closely. > Cheers.
bbbbbb
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER
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LAS VEGAS, Jan 27, 2005 (BUSINESS WIRE) -- Michael Sheppard, chairman and CEO of NMC, Inc., (Pink Sheets:NMCX), announced today the availability of the Company's unaudited financial statements for the year ended December 31, 2003 on the Company's web site www.nmcinc.com. Chartered Accountants, Pannell Kerr Forster (PKF) prepared the financial statements in compliance with generally accepted accounting principles of the United States. PKF is a member of PKF International, a network of independent firms of accountants and business advisors with 430 offices in over 100 countries.
Sheppard noted that the 2003 financial statements reflect the Company's transition from development stage to a revenue-generating enterprise. This is the result of NMC's having entered into an irrevocable contract on June 2, 2003 for the sale of 137,939 tons of precious metal concentrate (approximately 26% of its Skull Valley tonnage) to a privately held company. The total contract price is $500 million over 10 years. The concentrate was sold on-site, as-is, in the pits. Sheppard said that the buyer's due diligence included independent assays of the ore concentrates conducted under the control and direction of the buyer. NMC received a first payment of $720,860 during 2003, included in these financial statements provisionally as deferred income. The second payment and the balance of the $ 11 million down payment will be paid as follows: $350,000 on or before March 31, 2005, then consecutive monthly payments of $500,000 until the entire down payment is fully paid. The remaining $489 million will be paid over a 10-year period from the date the second payment is received by the Company.
Recently, the Company's accountants were provided with documentation relating to the buyer's financial strength. The Company anticipates that as the buyer progresses along the payment schedule, further indicating its ability to perform under the terms of the agreement, payments will be treated as revenue on the income statement, and the amount of the balance under the agreement may be posted to the balance sheet as accounts receivable.
A major portion of the Company's assets include its mineral inventories in Arizona; mining claims located in San Bernardino County, Calif.; and mining claims near Mesquite, Nev. To date, NMC has conducted no significant mining activity on either the California or Nevada properties, which must be core-drilled to prove the reserves. NMC is currently negotiating toward the sale of additional Skull Valley ore concentrates and intends to use a portion of the cash flow from the sale of its Arizona concentrates toward development of its other two properties.
Recent assays commissioned by the Company on its Arizona property indicate a combination of precious metals, rare earth and common elements. The company will make more information on these assays available on its web site.
Debt of approximately $8.1 million at December 31, 2003 is attributable to amounts owed to two the Company's officers and directors, who have provided operating capital since inception.
"We appreciate shareholders' support as the Company emerges from the development stage," said Sheppard. "As NMC looks toward becoming fully reporting, it is critical that management exercise care in the preparation of information for the marketplace, and we will further appreciate the market's patience as we progress along the continuum. Recognize that the creation of long-term shareholder value and liquidity is a process to which we are committed," he said. He indicated that the Company is preparing financial statements for 2004 and is in the process of having an audit of previous years completed.
NMC, Inc., with its wholly owned subsidiary Peeples Mining, Inc., has interests in mining and ore processing. In addition to its Skull Valley (Ariz.)
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER
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NMC, Inc. Issues Statement Concerning Increase in Authorized Shares Tied to Company's Anti-Takeover Preferred Class A Thursday February 10, 8:50 am ET
LAS VEGAS--(BUSINESS WIRE)--Feb. 10, 2005--NMC, Inc. (Pink Sheets:NMCX - News) today issued a statement concerning the increase in the Company's authorized number of Common Shares to 4.5 billion, this increase in authorized shares having been effected to accommodate possible conversion of 500 million shares of Preferred Stock regulated under the SEC's Rule 144 that issued to Maurice W. Furlong as an anti-takeover mechanism, in light of previous takeover attempts. ADVERTISEMENT
In explaining the structure and effect of the Preferred Class A stock, Company officials noted that the Company had anticipated including an explanation of the anti-takeover mechanism in the notes to its 2004 financial statements, but it now reasons that to explain the Preferred Class A shares sooner rather than later will likely prove more openly informative and less disruptive to the marketplace.
Under Nevada law, a company acts within its rights and responsibilities to protect itself from hostile takeover. During 2004 the board of directors had discussed methods of preventing hostile takeover. The result of those discussions was that on January 6, 2005, the Company filed with the Secretary of State for the State of Nevada a Certificate of Amendment to its Articles of Incorporation, providing for the establishment of 500 million shares of voting Preferred Class A Stock (with voting rights of one Preferred Class A share equaling 5 votes of Common). The Preferred Class A is convertible into Common; provided, however, that under Rule 144, there can be no conversion for two years. Following the two-year restriction, the Preferred Class A is convertible 5-to-1 into Common shares, at the maximum rate of one percent (1%) per quarter of the Company's then outstanding Common shares, and 100% convertible over 100 fiscal quarters. In order to accommodate, possible but not probable conversion, it was necessary to proportionately increase the number of authorized Common shares so that the Preferred may be considered valid in every respect.
Conversion rights not exercised in any given quarter do not carry over into subsequent quarters. Unconverted Preferred Stock is durable, and rights not exercised may be appended to the end of the original 27-year conversion schedule, which includes the two-year Rule 144 restriction period, thereby giving the Company continued durability of its protection against hostile takeover. Though previous rights to convert to Common may not have been exercised, each Preferred Class A share currently, and until converted, bears voting rights five-to-one relative to the Common, in order to prevent a hostile takeover attempt on the Company, such as occurred in the 1990s.
Often referred to as a "poison pill," securities such as the Company's Preferred Class A are specifically designed, not to dilute the Common Stock, but rather to protect the Company in the event of a hostile takeover attempt. As the history of the Company makes clear, Maurice Furlong, the Company's founder, has fought long and hard to win the Company back from those who were not operating in the best interest of shareholders. Having lived through hostile takeover attempts before -- and having paid nearly all the Company's expenses since 1984 despite never having taken a salary throughout the entire 20 years -- Furlong is not willing to put current and future shareholders at risk.
Unofficial reports not having originated with the Company had previously cited the Preferred Class A stock as being totally dilutive; this is untrue. The Preferred Class A, which has no dividend preference, dilutes the Common only to the extent of the assumed conversion at the maximum conversion rate in any given year. Notwithstanding the prohibitions of Rule 144, Furlong has also indicated that he does not intend to dilute the Common, and thereby his own considerable investment, through conversion of the Preferred Class A stock.
NMC, Inc. has interests in mining and ore processing. In addition to its Skull Valley (Ariz.) claims, the company owns 7 mining claims of 20 acres each in Mesquite, Nev. and 17 mining claims on 340 acres in San Bernardino County, Calif., in all of which it owns 100% of the mineral rights.
-------------------- LIVIOS - A DIRTY MIND IS A JOY FOREVER
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