posted
Aren't fridays fun had to step away for a while to gets some beers starting the weekend early
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
going to need to buy a lot more at .02 than 11k shares for this to move I believe
Posts: 200 | From: Rhode Island | Registered: Mar 2006
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Made a second call to EQBM to get the the TA name/number. They are Heritage * 416-364-9509 but are closed today for the holiday in Canada. CEO said he just returned from a trip to Europe where he spent the time promoting the company.
They currently own one property (Red Lake) and are looking to close on a property in Ecuador which is already producing. They had hoped to start drilling at Red Lake but due to the mild winter, they were not able to get the equipment out due to the softness of the land. They are now working to have a barge move to the area with a drill. He expects that they will start in June.
Lastly, he said they have no CD's and that he is currently financing all operations himself. Again he stated that there is no dilution.
And per the CEO, we should have a PR within a few weeks regarding this:
EQBM -- Equitable Mining Corp. COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Equitable Mining Corp. Announces Memorandum of Understanding with D.A.K. to Acquire Precious Metals Mining Project in Dalian, China with Projected Annual Revenues of $19.2 Million
Significant Deposits of Gold, Platinum, Palladium, Rhodium and Copper Identified TORONTO, March 1, 2006 /PRNewswire-FirstCall via COMTEX/ -- Equitable Mining Corporation (Pink Sheets: EQBM - News), a growing company focused on finding, acquiring and extracting gold and other mineral reserves worldwide, announced the completion of a memorandum of understanding with D.A.K., a privately owned Chinese resource corporation held by H.M.H. of Hong Kong, to acquire a precious metals mining project in Dalian, China. Once the due diligence is completed and agreements are signed Equitable Mining Corp. will own 35% of all operations and mineral rights. Significant deposits of gold, platinum, palladium, rhodium and copper have been identified in the mine and mine tailings and monthly revenues of $1.6 million and annual revenues of $19.2 million are projected. The Dalian acquisition covers the mineral rights to 220,000 square meters of land leased from the government for 25 years and includes 5.2 million tons of mine tailings plus infrastructure in place including roads, electricity, water, fencing, storm sewer, transportation and one production line. To date $7 million has been invested in the project by H.M.H. and D.A.K. Once the acquisition is complete Equitable Mining Corp. plans to increase production to three lines within the first eight months. The company will utilize D.A.K.'s environmentally friendly leaching process to extract the mineral deposits. "Signing a memorandum of understanding with D.A.K to acquire the Dalian project is a major accomplishment with highly promising prospects for our company," said Wayne Reid, a Director of Equitable Mining Corp. "Commitments for the first transaction phase have been received and we are traveling to the site later this month for further due diligence. We are very excited about this transaction." Dalian is a thriving city in Northeastern China with a population of 5.9 million. In 2002 there were 8,233 foreign-funded enterprises approved in Dalian with contractual foreign investment of $22.9 billion U.S. For more information on Dalian, visit http://www.dalian-gov.net/guide.asp. In addition to the Dalian project Equitable Mining Corp. has been acquiring mining properties in North and South America. The company recently announced the purchase of its Bonanza Property in Ontario, Canada's historically prolific Red Lake Gold Camp. More than 25 million ounces of gold have been produced in Red Lake since 1935. Equitable's Bonanza Property consists of 14 claims adjacent to Goldcorp's Red Lake Mine, which produces 550,000+ ounces annually and is one of the richest, most profitable gold mines in the world. Red Lake Mine contains the world-renown High Grade Zone with 4.4 million ounces of high grade gold reserves. Recently Goldcorp purchased 10% of neighboring Wolfden Resources for $3.60 CDN a share, a total of $18.5 million USD, in part due to its drilling activity on the Bonanza-Follansbee project which is directly adjacent to the properties owned by Equitable Mining Corp. In December Placer Dome Inc., whose 210,000 ounce-producing Campbell Mine is located nearby in Red Lake Camp, announced that exploration drilling confirmed the extension of Goldcorp's High Grade Zone into neighboring Campbell Mine. Equitable Mining owns claims adjacent to Red Lake Mine, Campbell Mine and the newly acquired Wolfden claims. Equitable Mining recently assembled an international acquisition team to target high-yield mining projects in mineral-rich areas of North America, Latin America and Australasia. With joint-venture partner Atlantis Acquisition 1, the company announced it is close to closing on its first South American precious metals project in Colombia, where striking test results indicate confirmed deposits of a rich gold-copper-silver. The company has also entered into discussions around an additional group of claims in Northern Ontario and other North American locations. About Equitable Mining Corporation (Pink Sheets: EQBM) Equitable Mining Corporation is a rapidly expanding company focused on acquiring, exploring, developing and extracting mineral rights worldwide. Projects include the Bonanza Property in Canada's high-yield Red Lake Gold Camp, an acquisition in progress in Colombia, a memorandum of understanding for a precious metals mine in China, and ongoing acquisition programs in mineral-rich areas of North America, South America and Australasia. The company is leveraging its deep industry expertise and extensive contacts to recruit mining industry veterans and expand its search for quality gold and other precious metals-bearing properties in the Americas and Australasia. For more information visit www.equitablelifeinvestments.com. Safe Harbor Certain statements above constitute forward-looking statements with respect to MEM Financial Solutions and affiliated companies. Such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements. SOURCE Equitable Mining Corp. CONTACT: Equitable Mining Corporation, Jim Adams, Director, Tel (416) 410-3995, Fax (416) 784-1529, www.equitablelifeinvestments.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
We are safe for next week. I just took some profits at .012 and there were buy orders sitting there to suck them up.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
The way IHUB talks this thing could close at .03 or above today. And with that aquisition out there..... don't wanna get my hopes up. Seems to be mirror trading. Every trade at .02 is duplicated with a trade at the bid immediately after.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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quote:Originally posted by Johnwayne: The way IHUB talks this thing could close at .03 or above today. And with that aquisition out there..... don't wanna get my hopes up. Seems to be mirror trading. Every trade at .02 is duplicated with a trade at the bid immediately after.
Let's hope they're right
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
KT- Why won't the MM's drop the ask if no one buys at .02? If buyers are lined up at .015? Seems like trying to sell a candy bar for $3.00 when nobody wants to pay more than 1.50
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
I think they probably don't have many shares to sell so try and keep the ask at a premium but are willing to give cheaper shares as long as it doesn't pull from their inventory...ie another investor sells theirs.
Keeping the big spread helps keep buyers from coming in.
That's just my theory.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
it could be an indication that the MMs know something's coming and they might be buying up the cheaper sell shares and keeping outside buyers out for now.
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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posted
Like watching paint dry - no trades for 20 min now. I figure it's going to move one way or the other before close. IHUB folks are holding over the weekend.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I am holding over the weekend. Thanks Juice for this one. You didn't reach my topless wife club yet but this one sure saved my week from being a total disaster.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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quote:Originally posted by Johnwayne: I am holding over the weekend. Thanks Juice for this one. You didn't reach my topless wife club yet but this one sure saved my week from being a total disaster.
Anytime. I'm holding this for awhile this looks good longterm from some of those IHUB posts. Have to look into it a little more
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
almost 15x volume imagine if they actually let some sales through
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Well if they moved the bid up to .015 and kept the ask at .018 it might move. I can't figure if they know this is going to run why the MM's aren't willing to buy shares at .015? Any explanation?
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Without a doubt it's been put on everyones radar and with rumors of news should really be a mover
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
The MM were really playing games with this one. It's a hard fill but this is gonna keep running on monday.
Posted by: EdFrankie
Made a second call to EQBM to get the the TA name/number. They are Heritage * 416-364-9509 but are closed today for the holiday in Canada. CEO said he just returned from a trip to Europe where he spent the time promoting the company.
They currently own one property (Red Lake) and are looking to close on a property in Ecuador which is already producing. They had hoped to start drilling at Red Lake but due to the mild winter, they were not able to get the equipment out due to the softness of the land. They are now working to have a barge move to the area with a drill. He expects that they will start in June.
Lastly, he said they have no CD's and that he is currently financing all operations himself. Again he stated that there is no dilution.
And per the CEO, we should have a PR within a few weeks regarding this:
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Whenever someone buy at higher price, there is an identical selling at the same moment at a lower price. What does this indicates???
Posts: 73 | Registered: Apr 2006
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