posted
Major investors and PR contact Andrew Austin arriving back from recent trip to Bolivia today.
Said Andrew " trip exceed expectations " and he will provide update in next 2 days.
This is positive news awaiting FMNJ....moving from .03 to .04 in the last hour since this news.
Those following FMNJ should listen to a March 24th interview with CEO Jamie Melgarejo and StockGuru ( available to listen to today at Yahoo ) .
In this intervie, Jamie confirms the signing of an agreement with the Bolivian goverment to avoid and potential political difficulties.....again this was said March 24th BEFORE the May 1st mess.
FMNJ is in tight with the Bolivian goverment, and, ready to mine the estimated 2 BILLION ounces of Silver at their mine.
Anyone interested or following FMNJ, do your DD and listent to the interview.....the sell off from May 1st is about to do a major U-turn and head back up to pre-May 1stevels.....namely .15 .
Don't forget the oil and gas agreement with Bolivia either. FMNJ has joint agreement with COMIBOL for the minerals, and, with the YPFB for the oil and gas.
FMNJ is poised to become the first international company to have completed new agreements with the Bolivia, and, are ready to move forward.
The major shareholders are back in the US and a major PR is expected in next 2 days.
Could be very intersting for those interested in major, major silver operation, and, an oil & gas play for a bonus !
At .04 this seems cheap, and, it will move up soon.
Do you DD once again. FMNJ was .15 on May 1st, and, can return there once again.
Posts: 63 | From: Canada | Registered: May 2006
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FMNJ bouncing very nicely, looks ready for a breakout here, bought more at 0.041
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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I bought again at .034 and .035 before it went to .04.
Lots of others with extra $$ adding to their total with orders of 300K and 400K shares.
Since May 1st, everyone waiting for some positive news from FMNJ and I think it is finally coming.
Many expect FMNJ to increase the PPS in same manner as pre-May 1st , before, we were so rudely interupted by the Bolivian President !
Not it looks like the dust has settled, and, FMNJ has agreements in place, and, ready to move forward.
Posts: 63 | From: Canada | Registered: May 2006
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posted
agreed. The drop was only due to panic sellers on the bolivian news, we'll see .20-.25 short term imo, with .10 being the first stop on the way, maybe even this week.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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I not found any news about the trip to Bolivia. Has anyone heard something that I missed?
Posts: 37 | From: Oklahoma | Registered: Jan 2006
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Shareholder Group Returns With Clear Vision of Franklin Mining, Inc's Bolivian Investments
E-mail | Print | | Disable live quotes Last Update: 10:41 AM ET May 17, 2006
LAS VEGAS, NV, May 17, 2006 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (FMNJ : franklin mng inc com News , chart, profile, more Last: 0.04+0.00+1.20%
11:11am 05/17/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: FMNJ0.04, +0.00, +1.2%) . A group of seven FMNJ shareholders has completed their trip to Bolivia. Most members of the group returned home on Monday, May 15, 2006. "I made the trip so that I could personally evaluate the potential of our oil and gas subsidiary's partnership with YPFB," said Andrew Austin. "I came away from the meetings with YPFB officials confident of their commitment to the partnership agreement with Franklin Oil & Gas, Bolivia. The natural gas reserves are proven and available. Gas-To-Liquids processing technology for diesel fuel is proven. And the market for the new plant's production is in place. In my opinion the plant could be a viable opportunity for all of us. "I wasn't able to make the mining company's side trip but I did attend COMIBOL's audio-visual presentation. The opportunity FMNJ has to be part of COMIBOL's plan to revitalize the historic Cerro Rico Mine is something that could benefit everyone who participates." Shareholder Chuck Speicher said, "The trip to the mine was important, for me and all other FMNJ shareholders. When I saw that our welcoming reception was attended by the Undersecretary of the Department of Potosi, the Mayor of Potosi, COMIBOL executives and leaders from several of the Cerro Rico Mine's Miners Cooperatives, I knew the FMNJ/COMIBOL Joint Venture was potentially as significant as imagined. Everyone I met with is anxious to begin work; everyone is excited and optimistic about the future. I was also impressed by the eagerness by the participants to accept the new technologies FMNJ will provide to the Joint Venture, including improved communications capabilities for the miners as well as Potosi and the surrounding area." "Anyone with questions should send them to me via e-mail (info*franklinmining.com)," added Franklin's Investor Relations Manager, Andy Austin. "Please remember, now that we have almost 3,000 shareholders, it may take a little time to get back to you. Our goal, however, is to answer each and every question."
Posts: 196 | From: usa | Registered: Feb 2006
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Nice news, should see a pop coming next week or so imo
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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Franklin Mining, Inc. Receives First of Four Cerro Rico Mine Analysis Reports Last Update: 12:00 PM ET May 18, 2006
LAS VEGAS, NV, May 18, 2006 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (FMNJ : franklin mng inc com News , chart, profile, more Last: 0.04+0.00+1.27%
12:08pm 05/18/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: FMNJ0.04, +0.00, +1.3%) announced today that its subsidiary, Franklin Mining, Bolivia, has received the first of four reports on its assigned silver veins in the Cerro Rico Mine. In a March 31, 2006 meeting, COMIBOL, Bolivia's national mining company, identified which four veins would be included in its Joint Venture with Franklin and commissioned independent analysis reports be prepared and used in determining the Joint Venture's final structure. This first report presents detailed recommendations for achieving the Joint Venture's objective of creating new and permanent work for individual, departmental and national Miners Cooperatives under the supervision of FEDECOMIN, the national oversight board. All recommendations are designed to maximize development and mineral exploitation of individual veins by reductions in direct costs and time requirements. In keeping with the 450-year historical production of the Cerro Rico mining region, this first report confirms economically significant recoverable reserves of silver, zinc and tin with lesser amounts of other minerals. The following reserve values of the San Miguel Vein were taken from the report provided to FMNJ by COMIBOL: "Obtaining in this manner the Total Prospective Reserves for the San Miguel vein with the following values: TON MIN DM Ag % Zn % Sn KF Ag TF Zn TF Sn 681,464 2.26 4.22 1.45 154,011 28,758 9,881"
In making today's announcement, Franklin Mining CEO Jaime Melgarejo added, "COMIBOL has offered four veins to our Joint Venture and commissioned separate reports for each. The other reports are expected soon. When all four reports have been reviewed and accepted, we intend to finalize terms of our Joint Venture and begin work."
Posts: 196 | From: usa | Registered: Feb 2006
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cant wait to hear about other 4 properties, excellent news yesterday surprised to not see more investors throwing money in this one. Good PR from shareholders that visited bolivia.
rsi bouncing of 50 accumulation is on an uptrend 4 mms on ask till .07 2 mms on bid at .04 only way is up from here
great news just hope more investors throw money in this one for a great summer ride to remarkable gains
Posts: 199 | From: beach, sc | Registered: Mar 2006
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ALL PIECES ARE BEING PUT IN PLACE TO MAKE A MAJOR MOVE!!!
Franklin Mining, Bolivia and COMIBOL Executives Finalize Relationship With FEDECOMIN Potosi
LAS VEGAS, NV -- (MARKET WIRE) -- 05/19/06 -- Franklin Mining, Inc. (OTC: FMNJ) is today confirming some technical details from the COMIBOL commissioned analysis of the first of four veins assigned to the Franklin Mining, Bolivia and COMIBOL Joint Venture for development and exploitation of the Cerro Rico de Potosi mine.
The Cerro Rico de Potosi Mountain is southeast of the city of Potosi, Bolivia. The San Miguel vein is in the northwest quadrant of Cerro Rico de Potosi, approximately 1,600 meters in length with a width that reaches 2 meters.
Recoverable reserves of Silver as estimated in COMIBOL's report are 154,011 Kilos.
Zinc and Tin are estimated to be recoverable in economically significant quantities and are to be included in the Joint Venture's operating plan. Lesser quantities of other minerals may also be included as economically viable.
"In releasing this information, I want to emphasize that the San Miguel Vein Analysis Report is the first of four that will be received. Information from each report will be released as received." Franklin CEO Jaime Melgarejo added, "These four reports were commissioned by COMIBOL, our Joint Venture partner. Each report is being prepared independently and will be released in the order they are received."
Franklin Mining, Bolivia and COMIBOL executives are finalizing agreements with FEDECOMIN Potosi executives acting as an oversight board for the individual, departmental and national Miners Cooperatives supplying the labor to the newly formed Joint Venture. Meetings were concluded earlier this week in Potosi and final workers agreements covering all four Cerro Rico veins are expected within one week. FEDECOMIN is Bolivia's management council responsible for providing guidance and supervision to all Cooperatives Societies. COMIBOL is Bolivia's national mining company.
For additional information on Franklin Mining, Inc, please visit our web site, www.franklinmining.com. To receive future Franklin Mining news by e-mail, please send contact information to info*franklinmining.com.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining Inc.
To receive future company information via e-mail, please send your contact information to info*franklinmining.com.
Contact: Franklin Mining, Inc. Andrew Austin 619-334-5644 info*franklinmining.com
Posts: 199 | From: beach, sc | Registered: Mar 2006
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"Meetings were concluded earlier this week in Potosi and final workers agreements covering all four Cerro Rico veins are expected within one week."
Posts: 199 | From: beach, sc | Registered: Mar 2006
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"COMIBOL has offered four veins to our Joint Venture and commissioned separate reports for each. The other reports are expected soon. When all four reports have been reviewed and accepted, we intend to finalize terms of our Joint Venture and begin work."
Posts: 199 | From: beach, sc | Registered: Mar 2006
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posted
LAS VEGAS, NV -- (MARKET WIRE) -- 05/22/06 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has received a letter from COMIBOL's Technology Department authorizing construction of an initial 1,000 ton processing plant to be located at the Cerro Rico.
"As I announced on April 5, COMIBOL executives have assured Franklin they will authorize our Joint Venture to construct sufficient processing capacity for a fully revitalized mining operation at Cerro Rico de Potosi." Franklin Mining CEO Jaime Melgarejo also said, "Last week's release of the San Miguel Vein's analysis report prompted COMIBOL's earlier than expected approval of our first processing plant. We've always assumed there would be a need for more than one plant. I'm confident the remaining three analysis reports will confirm the need for additional processing capacity."
When fully operational, the Franklin Mining, Bolivia and COMIBOL Joint Venture will be dedicated to improving mining productivity at the Cerro Rico and encouraging economic growth in the surrounding communities. COMIBOL is Bolivia's national mining company. Franklin Mining, Bolivia (a Bolivian corporation) is a subsidiary of Franklin Mining, Inc.
For additional information on Franklin Mining, Inc, please visit our web-site, www.franklinmining.com. To receive future Franklin Mining news by e-mail, please send contact information to info*franklinmining.com.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining Inc.
To receive future company information via e-mail, please send your contact information to info*franklinmining.com.
Contact: Franklin Mining, Inc. Andrew Austin 619-334-5644 info*franklinmining.com
Posts: 199 | From: beach, sc | Registered: Mar 2006
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Joint Venture Plans Gas-to-Liquids Plant in Bolivia May 31, 2006 Bolivia Bolivia’s major natural gas fields are in the south; the proposed GTL plant would be in Santa Cruz, fed by a pipeline. Map: Petrobras.
Franklin Oil & Gas, Bolivia S.A. and YPFB (Yacimientos Petroliferos Fiscales Bolivianos, Bolivia’s state-owned oil company) have signed a new Memorandum of Understanding to build and to operate a Gas-To-Liquids (GTL) plant in the Grande River region of the Department of Santa Cruz, Bolivia.
Preliminary studies call for the Grande River plant’s design to produce approximately 10,000 barrels per day of Fischer-Tropsch diesel using GTL technology. By comparison, the Qatar Petroleum-Sasol Oryx GTL facility in Qatar, due to come online in June, will produce 34,000 barrels per day of liquids (24,000 barrels of diesel, 9,000 barrels of naphtha and 1,000 barrels of liquefied petroleum gas).
The MOU, signed on May 25, 2006, is in the name of Franklin Mining’s newly-formed subsidiary, a Bolivian corporation, and is in confirmation of an MOU signed prior to the nationalization of Bolivian gas fields on 1 May 2006.
Bolivia has the second-largest natural gas reserves in Latin America, behind Venezuela. The country currently is largely self-sufficient in oil, with consumption of an average 51,240 bpd in 2005, according to the US Energy Information Administration (EIA). Diesel is the only fuel Bolivia must import.
The joint venture partners assert that, when fully operational, the Grande River plant’s domestic marketing and distribution will begin eliminating Bolivia’s continued need to import diesel as well as providing product for export.
Franklin Oil & Gas, Bolivia S.A. will invest US$320 million in land acquisition and plant design and construction. An additional $40 million dollar investment will be provided when additional production capabilities are included. YPFB will provide the natural gas, access to all necessary labor resources and a domestic sales, marketing and distribution infrastructure.
Franklin Oil & Gas, Bolivia S.A. and YPFB will equally share the net profit from plant operations and sales, marketing and distribution of all products.
During the first half of 2005, Bolivia produced 1.4 billion cubic feet per day (Bcf/d) of natural gas, according to YPFB. More than 70% of the country’s production occurs in the Tarija department, which is south of the Sana Cruz department and on the border with Paraguay. Two natural gas fields, San Alberto and Sabalo, represent about one-half of Bolivia’s total production. (San Alberto is where Bolivian President Evo Morales announced the nationalization.) Up to the nationalization, Petrobras had been the number one producer, followed by Repsol-YPF.
-------------------- SF Posts: 16 | Registered: Dec 2005
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Bolivia changes mind on U.S. trade deal CARLOS VALDEZ Associated Press LA PAZ, Bolivia - The government of President Evo Morales said Friday it hopes to negotiate a free trade agreement with the U.S., a policy turnaround apparently influenced by pressure from business groups. "We're ready to negotiate a trade agreement with the United States that benefits the productive sector," Celinda Sosa, minister of production and small business, told reporters. A government commission is working on a proposal jointly with small, medium and large producers, Sosa added. The comment is a sharp change from several of Morales' comments since taking office in January. He has said Bolivia would "never" negotiate a free trade agreement with the U.S., whose government he recently accused of trying to assassinate him and which he often calls "the empire." Instead, Morales signed an alternative trade pact based on socialist principles with his close allies Venezuela and Cuba in April.
Business groups harshly criticized the move saying it would not help boost Bolivia's exports.
But Morales sometimes has been more ambiguous about expanded trade with the United States. During the 2005 presidential campaign he said he would consider trade pacts with any country, including the U.S.
On Thursday, he said he would leave debate on the issue to the constituent assembly that will rewrite Bolivia's Constitution starting August 6.
"If Evo Morales negotiates a free trade agreement before and perhaps ... the constituent assembly takes another position, any negotiating will have been useless," Morales said.
The United States is Bolivia's second-largest export market after Brazil, while Venezuela is in fifth place and Cuba ranks 88.
Alvaro Garcia Linera, Bolivia's vice president, will travel to Washington in July to try to convince the U.S. Congress to extend the Andean Trade Promotion and Drug Eradication Act, which has offered zero tariffs for several Bolivian products exported to the U.S since 2002.
The act is set to expire at the end of 2006 and failure to extend it would put thousands of jobs at risk, many of them in the poor city of El Alto. Businesses in the city export jewelry, furniture and clothes to the United States.
Morales has strong support in El Alto, but it has been the center of massive anti-government street protests that have kicked out two presidents in the past three years.
-------------------- SF Posts: 16 | Registered: Dec 2005
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