posted
Most mining/drilling rigs are extremely heavy and cannot traverse soggy ground without sinking up to their axles in mud. Therefore, mining companies rely on cold winter weather (frozen ground) to move the equipment into place and drill. If the weather was too warm (and the ground too soft) it would severely hinder their ability to drill during the winter months and force them to wait until the ground dries out in the summer months.
That being said, I sold all my EQBM yesterday (for a very small loss) and put it into XKEM. I sold that today for a 50% gain and am looking for the bottom of this to reinvest.
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posted
I'm not in this stock anymore either as I got out a couple of days ago, but if they ever stop "not diluting" and I see a good entry point, I'll jump back in.
Vagabond
[ June 23, 2006, 12:26: Message edited by: Vagabond ]
-------------------- You are what you do, not what you say!
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I talked with Larry. Impresses me as a straight shooter. He is tired of all the speculation. Shares issued are restricted and any conversion will be on a one to one ratio. Projects are coming together. The 43101 report will be on the website by tonight. We are not trading on the Frankfurt exchange as of yet. Said that is coming around the beginning of July and will be handled by a private bank that he met with on his trip.
I am holding strong. Ecuador is close to being done, China deal is coming, Red Lake should be big, and the European investors will bring more buying and demand.
Have a great weekend. Next week this will turn.
-------------------- The difference between genius and stupidity is that genius has its limits
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To clarify, Larry said to me that European investors, probably the same ones WTL has mentioned from before, have been buying. He said they have picked up 3-4 million as of today.
-------------------- The difference between genius and stupidity is that genius has its limits
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From what Larry told me today, I feel it is manipulation. Like he said, find one place where he has pumped this stock? He said he puts out the info and doesn't try to sugar coat it. He also said he doesn't feel the real buying has begun and that the Europeans will be all over this stock.
I am down from an avg of .021 but have confidence that .10+ by mid to end of July is not a long shot. There is so much to come here that it is hard to say where we can go.
Ecuador could close within a week, Frankfurt Exchange within about a week and a half, Red Lake update on drilling within 2, and China deal in less than 3 weeks. I like our chances.
-------------------- The difference between genius and stupidity is that genius has its limits
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I talked to Larry, the CEO today. Said that we are not trading on the Frankfurt Exchange til beginning of July. A private bank will be doing the selling, a bank he met with on his Switzerland trip. Ecuador deal is close to being closed, said they will be meeting on the China deal in Europe, and Red Lake getting close. He said European investors have bought 3-4 million shares this week and that he feels the real buying hasn't even started. Financials to be out in about a week and the year end financials in 30-45 days.
He impressed me as a straight shooter and confident that good things are coming. I currently hold 750,000 shares and am holding them strong. He impressed me by saying he felt I should set a price to sell some at to recoup my initial investment and ride the free shares. I feel we will see a turn around on this by Tuesday, imo.
We are in gold here and I don't see gold falling with oil and all the chaos in the world today. Do your DD. GLTA and have a great weekend.
-------------------- The difference between genius and stupidity is that genius has its limits
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From: info*FaulkingTruth.com To: info*FaulkingTruth.com Subject: The Keystone Cops meet the Gang that Couldnt Shoot Straight Date: Sat, 24 Jun 2006 00:41:23 -0700
The Keystone Cops meet the Gang that Couldn't Shoot Straight By Mark Faulk June 23, 2006
In the most stunning development yet in the scandal that is threatening to rock the very foundation of the US stock market, a former SEC attorney who was fired on September 1, 2005, has released two scathing letters accusing SEC officials of apparent wrongdoing in dealing with an investigation into one of the nations most prominent hedge funds, Pequot Capital Management.
First, on the same day that a federal court struck down a rule requiring hedge funds to register with the SEC, the New York Times reported today that Aguirre had been fired by the SEC last August eleven days after he was praised for his work on the Pequot investigation and awarded a merit pay increase. His supervisor, Robert Hanson, wrote in Aguirre's performance evaluation just before the firing, that His efforts have uncovered evidence of potential insider trading and possible manipulative trading by the fund. He has consistently gone the extra mile, and then some."
Apparently, going the extra mile wasn't what his superiors at the SEC had in mind, because Aguirre was fired without notice just eleven days later while he was on vacation. The next day, on September 2, 2005, he wrote a letter to SEC Chairman Chris Cox detailing his allegations of wrongdoing within the SEC in connection with the Pequot investigation�three weeks before the Faulking Truth reported that Senate Banking Committee Chairman Richard Shelby (R-ALA) had killed a scheduled Banking Committee hearing into stock market fraud and naked short selling.
posted
From: info*FaulkingTruth.com To: info*FaulkingTruth.com Subject: The world was too ridiculous to bother to live in. Date: Fri, 23 Jun 2006 20:14:41 -0700
The world was too ridiculous to bother to live in. By Mark Faulk June 23, 2006
Editor's note: I wrote this article three hours ago. Since that time, I have received (via the Stock Market Reform Network) copies of three letters written by fired SEC attorney Gary J. Aguirre in which he puts the entire SEC on notice for blatant failures in an investigation into hedge fund manipulation and fraud. This is the more than a smoking gun, it is an indictment of the entire SEC. I'm posting this article now, because it discusses the Aguirre situation to some degree, but I'm in the process of cranking up the coffee pot and writing a follow up piece that will be published later tonight, and I'll try to post the Aguirre letters in their entirety as well. It will be the most stunning thing you have ever read on the issue of stock fraud and involvement of government officials. Stay tuned.
For the title of this rambling commentary, I stole a quote from Faulking Truth writer Mike Bohling who stole it from the movie Little Big Man. It's only fitting, since stealing seems to be the theme of the week. There are just too many things going on in the topsy-turvy world of stock market fraud in the past couple of weeks to know where to even begin, so instead I'll just do a highlight reel, and link everyone back to the articles on each topic. Ready? To steal another famously overused quote, Fasten your seatbelts, it's going to be a bumpy ride.
Next Wednesday, on June 28, at 9:30 AM EST, the Senate Judiciary Committee will investigate stock market fraud in a full-committee hearing entitled Hedge Funds and Independent Analysts: How Independent are Their Relationships? Originally scheduled for June 20, and under the heading "Examining Short Selling Activities of Hedge Funds and Independent Analysts," it was reportedly pushed back because of the overwhelming number of requests from the media, who apparently, after ignoring the issue forever, are all over the story of naked short selling and stock market fraud. It's almost as if someone gave everyone in the corporate media a collective signal saying NOW we're going to deal with stock market fraud, so it's okay to start talking about it.
posted
Alot of potential in the next 2-3 weeks for a stock under a penny. Great buying opp here, imo. JUICE has posted alot of good DD to follow up. Frankfurt Exchange has done wonders for other gold stocks, Ecuador done soon, China by 7/15, and the Red Lake assessment due in about 10 days. Do the DD and GLTA.
-------------------- This is not a contest. Let's all make some green. GLTA
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posted
No. I don't watch much baseball until the playoffs. I can't say I have a favorite but do like the game. Was glad for the last 2 World Series winners to get the gorilla's off their backs. Kind of what we need here with EQBM, get the MMs off its back and set her free. GLTY
-------------------- This is not a contest. Let's all make some green. GLTA
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Shareholders may register their holdings by submitting an email to: investors*equitablelifeinvestments.com
OS- 360 million Float- 35 million
The company changed its name on August 16, 2005 from The Equitable Life Investments Company Inc. to Equitable Mining Corp. to better reflect its focus on mining. In addition the company redomiciled from the Province of Ontario to the State of Wyoming. On August 22, 2005 majority of the shareholders and the directors agreed to reverse split the issued and outstanding Common Shares by twenty (20) to one (1). All new issue for the purpose of rounding up to cover beneficial shareholders due to the reverse split was also approved.
Recently the company announced its purchase of the "Bonanza Property" located in the prolific Red Lake mining camp in northwestern Ontario; over 25 million ounces of gold have been produced from the Red Lake district since mining commenced in 1930. The property is located in Dome Township, 1 to 3 km north of the town of Red Lake. The property consists of twelve unpatented claims and 2 patented claims (KRL 11325 and KRL 11442), with a total area of approximately 355 hectares. They are adjacent to properties owned by Wolfden Resources that have identified significant gold mineralization.
posted
EQBM - Equitable Mining Corp. Identifying Areas of Exploration
Monday , June 26, 2006 09:57 ET
TORONTO, June 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- (EQBM.PA & EWE.F) - Equitable Mining Corp. is now establishing its exploration and drilling program based on 200 drill holes done to date.
The Bonanza Property at Red Lake has had approximately 200 drill holes done since the 1920's. The company is reviewing the results from these drill holes in order to map out the best areas for further exploration. Equitable Mining Corp. is expecting that report within the next few days. A copy of the existing 43101 Report that was written by Clark Exploration Consulting Inc. is available online.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
SOURCE Equitable Mining Corp.
Equitable Mining Corp, Jim Adams, (416) 410-3995, info*equitablelifeinvestments.com
posted
Posted by: jrdig7 Just talked to Larry. He said share count will be updated this week on pink sheets. Said that the same TA will be handling shares for Pinks and Frankfurt. Ecuador will be updated thru a pr. Short conversation as he was meeting with the lawyer. Patience will be key here.
-------------------- The difference between genius and stupidity is that genius has its limits
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FACTS: 1.)Finalization of Red Lake project is to be complete shortly. 2.)EQBM received commitment from Swiss bank to fund the Dailan project in China. 3.)Dailan project has received all necessary approvals from Chinese authorities to proceed, and short term delay from a storm earlier in month is gone. EQBM set to begin operations. 4.)All JV agreements for China, Ontario and South America have been finalized at are in EQBM's legal hands to review and be signed nearterm. 5.)EQBM received initial funding of $250K for the Red Lake project, and engineers report for the 120 drilling holes is to be out in the next couple of days. Preliminary report done on this property in April showed significant positive core samples. 6.)CEO has requested shareholders register with EQBM to combat any short selling BS. 7.)July 3rd is dday for naked shorters to come clean.
Hope this helps in your decision, IMHO, you selling for a loss is exactly what the MM's and naked short sellers want to try and keep the price down. If you track the level II-III trades, when the price starts to rise, you will see a bid well below ask for +-300 or 1000 shares, which is only $3-10 dollars. Complete BS.
I am pleased that this company has not done any fluff PR to try and bolster price. Facts are preferable, and IMHO the facts that EQBM have shown are worth investing in.
-------------------- The difference between genius and stupidity is that genius has its limits
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"Today, with a total turn over of Euro 5.200 Billion the Frankfurt Stock Exchange strenghtens its position as the world's 3rd largest trade-place for stocks and the world's 6th largest by Market Capitalization."
Seems like the Frankfurt Exchange might be a bigger deal than if this stock moved up to the bulletin Board. European investors are said to understand the Gold market much more than US investors in general, and the Frankfurt Exchange overall appears to dwarf the OTC Market.
One smaller mining stock I have followed is Paramount Gold. I like the similarities betwent he two companies. Paramount has a Market Cap that is roughly 20 times higher than EQBM's. I think a good part of that difference is that Paramount has ben established ont he Frankfurt Exchange for a period of time already. I also noticed that a lot of the investors and partnerships that Paramount has signed up thus far are also coming from Europe.
If this price slide has been a result of an American Hedge Fund shorting through UBSS they could soon find themselves being outgunned by much larger buyers coming in from Europe. If this scenario turns out to be true then the Short covering in combination of new buying from Europe could shoot this stock up in dramatic fashion. Definitely the optimistic scenario I just painted but one that I also believe is quite possible. I think some Hedge Funds have been shorting numerous small cap stocks with EQBM possibly being one of many hundreds. Summer doldrums is something they seem to bank on. However, they might have walked into a firefight here once Frankfurt turns up for real. If this news is as real and legit as we all think it is and there is no diltuion then some shorts could be ready to be cooked big time.
Obviously my opinions. Invest at your own caution as this one is not for the weak at heart.
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
I don't like where we are at but I do think I will love where we are heading. I feel that Frankfurt is the key to us going very high here. Paramount Gold has been mentioned and for good reason, it is a very good model to follow. Do any of you think that Larry might just be following a proven recipe here? I do. Come out with good to very good news, Red Lake, Ecuador, China, all in about the same time frame and then throw in trading on the Frankfurt. I don't know how high we can fly and I am sure there will be a correction after the burn, but there will be some very good profit potential in the next 2-4 weeks, imo.
-------------------- This is not a contest. Let's all make some green. GLTA
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