posted
$1? US...Dude...are you going to start shouting "TO DA MOON"? Flip it and play the stock... flip it until it hits 1$(several weeks from now..if at all) but don't have the PPS be at .18-.20 and say $1 soon... that's a bit far fetched for a pink...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
What happened at the end today was 2 Locusts starting buying big lots at .18 and kicked it up to close at .20
Had the market been open another 30 minutes it would have dropped right back to .18, that wasn't buying pressure it was one or two people trying to paint the close. Which they were able to do.
But I don't see what's going to hold it up tommorrow, it's obvious the MM's want this back down. The company has to come out with some big news to sustain this run beyond .20, these Locusts aren't going to be able to keep this up forever.
Posts: 630 | Registered: Jun 2006
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posted
LOL, now The Locusts are at each other's throats on the GLXI Ibub board... Some are admitting they took profits and looks like some were bid whacking. Too funny, human nature I guess!
Posts: 630 | Registered: Jun 2006
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quote:Originally posted by Uncle Smelly: What happened at the end today was 2 Locusts starting buying big lots at .18 and kicked it up to close at .20
Had the market been open another 30 minutes it would have dropped right back to .18, that wasn't buying pressure it was one or two people trying to paint the close. Which they were able to do.
But I don't see what's going to hold it up tommorrow, it's obvious the MM's want this back down. The company has to come out with some big news to sustain this run beyond .20, these Locusts aren't going to be able to keep this up forever.
Smelly, you'll see what will hold us up tomorrow!!
posted
Globex, Inc. announces partial condensed release of geologic report and disclosing of more claims acquisition as part of February 20th contract Thursday February 22, 8:30 am ET
NEW YORK, Feb. 22 /CNW/ - Globex, Inc. (GLXI: Pink Sheets), today announced that within the agreement signed last February 20th, the Company acquired an additional 94 Uranium Territory Claims. These territories are located in Historical geologic area of "Greenville" South West Quebec, Canada.
ADVERTISEMENT
This specific area is currently constituted of gneiss powerfully metamorphosed in 2 formations: "Patribe and Force containing as well Quartz, Feldspath, Blotide and Hornblende.
Within the area, presence of radioactive signs were detected which constitutes the economical boost and concentrations of drilling activities are populating.
As of today the Grenville regional reports indicates an actual number of 0.075%U308 and a possible 544,000 tons in reserve.
In one zone results from samples taken in 12 trenches indicated a value ranging from 0.005 to 0.197%U308. In zone 2, the samples demonstrated a concentration of 1.4%U308.
Management stated: "There was a registration technicality to the agreement that was completed yesterday, and we are now able to proceed next week to a series of registration statements and filings, as the Company intends to accelerate the development phase."
Management also indicated that the current interest for our Company's activities is positive but at no time any advertising was made and the organization did not hire any IR Firms. Due to considerable information inquiries, the Company will use its best efforts to put its Web site on line shortly. "We want our shareholders to receive the information as it becomes available."
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
For further information
Michel Benoit at (514) 288-8494 or via e-mail at globexenergy*umining.com
posted
544,000 tons thats a lot of Uranium!!! With that said, this will be the beginning of several pr's. Each one building on the next and then to the grand-finally!! of course this is JMO!!
posted
this PR does not realy say anything? this does not appear to be an assay report just speculation based on mineral content? play the hype! take your profits!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by madmoney: this PR does not realy say anything? this does not appear to be an assay report just speculation based on mineral content? play the hype! take your profits!!
Absolutely correct. It's pure speculation at this point, this sounds very familiar, anyone remember QOIL? Ran from .10 to .80, now at .02 or so.
I think GLXI will have another big run, but this news was technically 'better' than Tuesday's and this run stalled before it ever reached .30
Some are claiming on Ibub that the PR is not fully out yet on the newswires, too late for today though. 95% of the traders watching this know about today's PR.
If nothing comes out tomorrow I see a red Friday, again I do think this will run hard at some point, but I'm calling a close today of .25 with a drop off tommorrow and a red close.
Posts: 630 | Registered: Jun 2006
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Globex, Inc. announces partial condensed release of geologic report and disclosing of more claims acquisition as part of February 20th contract NEW YORK, Feb. 22 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced that within the agreement signed last February 20th, the Company acquired an additional 94 Uranium Territory Claims.
These territories are located in Historical geologic area of 'Greenville' South West Quebec, Canada.
This specific area is currently constituted of gneiss powerfully metamorphosed in 2 formations: 'Patribe and Force containing as well Quartz, Feldspath, Blotide and Hornblende.
Within the area, presence of radioactive signs were detected which constitutes the economical boost and concentrations of drilling activities are populating.
As of today the Grenville regional reports indicates an actual number of 0.075%U308 and a possible 544,000 tons in reserve.
In one zone results from samples taken in 12 trenches indicated a value ranging from 0.005 to 0.197%U308. In zone 2, the samples demonstrated a concentration of 1.4%U308.
Management stated: 'There was a registration technicality to the agreement that was completed yesterday, and we are now able to proceed next week to a series of registration statements and filings, as the Company intends to accelerate the development phase.'
Management also indicated that the current interest for our Company's activities is positive but at no time any advertising was made and the organization did not hire any IR Firms. Due to considerable information inquiries, the Company will use its best efforts to put its Web site on line by Friday February 23rd at noon. 'We want our shareholders to receive the information as it becomes available.'
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
Globex, Inc. Announces Significant Concentrations of Uranium from Geologic Report on Grenville Claims
Friday , February 23, 2007 08:30ET
NEW YORK, Feb. 23 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced key technical details from the Geologic Report that was published yesterday on 94 of the Company's uranium claims situated in Grenville, Quebec, Canada. This announcement is in response to the considerable number of shareholder demands for a simplified and more understandable version that summarizes the major findings of the Geologic Report. The simplified Geologic Report statement is as follows:
1) The results indicated a possible 544,000 tons in reserves in 2 areas on our claims.
2) In zone 1, results from samples indicated a Uranium value ranging from 0.005 to 0.197%U308. In zone 2, the samples demonstrated a Uranium concentration of 1.4%U308.
3) These claims are located in the historic geologic area of "Greenville" South West Quebec, specifically in sector 31 J.
Management expects to publish additional geologic reports soon that are based on its previously acquired 326 Uranium Mining Claims in Northern Quebec, Canada.
Globex also announced that it will launch its corporate website at approximately 12:00 pm EST today. Shareholders may access the website at: www.umining.com. Management stated: "We hope our site will assist in providing more information to our shareholders, and our staff will endeavor to respond to every email inquiry that we will receive in the next couple of days."
The Company will continue to operate under the name "Globex Energy, Inc." until it receives formal approval for its name change to "U Mining Resources Inc." and a new CUSIP number from the relevant Governing authorities. Any similarities with the names of other Mining companies that contain the word "Globex" is purely coincidental and the said companies are not in any way linked to Globex Energy, Inc.'s activities.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
In originally * .074, sold those *.30, bought in again * .145 hoping for another spike. w.t.f.? any news?
Posts: 24 | From: Bradenton, Fl. | Registered: Feb 2007
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posted
Globex, Inc. Announces beginning of phase 2 of drilling program and negotiating a venture agreement to begin extraction of Uranium Wednesday February 28, 11:34 am ET
NEW YORK, Feb. 28 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced moving to phase 2 of its winter exploration program in sector 31 J. Key technical details from the Geologic Report indicated a possible 544,000 tons in Uranium reserve in 2 areas of our claims. ADVERTISEMENT
Our team will continue to drill approximately 7 to 10 holes totaling about 6,000 meters of drilling. As well a program of line cutting and 200 kilometers of ground resistivity and 25 kilometers of detailed magnetic surveys is also in progress to better define the character of geophysical conductors outlined in previous airborne and ground geophysical surveys.
Management also announced ongoing negotiations for venture agreement with 2 exploitation Companies to commence extracting program on the confirmed specific areas.
The Company launched his website last Friday 12:00 pm (www.umining.com) and indicated that as of Tuesday 5:00 pm the site received 4,363 visitors.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Baltimore, MD - After uranium's record price jump this week, it looks like $100 per pound will come sooner than anticipated. And if you haven't established yourself in this bullish trend, you may want to reconsider your position.
Follow the Yellow Brick Road . . .
The spot price for uranium oxide gained $10 this week, reaching up to $85 per pound. This record increase was spurred by consistent supply shortfalls. The world's roughly 440 nuclear reactors need well over 150 million pounds of uranium every year.
So how much uranium do we currently produce?
Only about 100 million pounds. And the stockpile of uranium collected from disassembled nuclear weapons is declining fast.
To say the least, uranium is currently in a huge bull market - the price soared more than 800% over the last in four years!
The burgeoning nuclear industry has contributed to the tight supplies. And the emerging global energy crisis has thrown nuclear energy into the spotlight. While a few alternative energy sources are making headway, future global demand will require energy on a vast scale - something nuclear power can provide.
Consider these facts from the World Nuclear Association Symposium in 2001:
· 1 kg of firewood equals about 1 kWh of electricity
· 1 kg of coal or oil equals roughly 3 or 4 kWh of electricity.
· But 1 kg of natural uranium equals nearly 50,000 kWh of electricity!
Yet the spread of nuclear technology hasn't been the only factor in boosting uranium's price.
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Losing the world's largest undeveloped high-grade uranium project dealt a huge blow to uranium production. Before it flooded, Cameco's Cigar Lake operation was expected to produce about 18 million pounds of uranium annually. The mine would have supplied more than 10% of the world's current uranium demand.
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Even the best-case scenario would mean postponing production until 2008.
Play with the Big Boys
So it's too late to profit from this bull, right?
Trust me, that couldn't be further from the truth.
The Middle East may know about oil, but when it comes to uranium, the only choices for investment are either Canada or Australia. Together, those two make up roughly 45% of the world's uranium production.
And with such a shortfall in supply, the chances for tiny exploration companies to post tenfold profits are excellent.
One of the best parts of Australia's uranium boom is that China is drooling over the huge Aussie reserves. The land down under is set to supply the Chinese with 2,500 metric tons of uranium every year to fuel their nuclear program. But this isn't even a third of the Chinese demand!
Trust me, as the spot price for uranium approaches the $100 per pound mark, Australia's mining companies will explode. Uranium's growth has spurred the government to reconsider its policy of "no new uranium mines."
But whenever you look at the future of uranium, you'll always end up in Canada, which holds roughly 15% of global uranium reserves and is the world's leading producer.
So the opportunity to cash in is still there for the taking, since some of these tiny companies are virtually unknown. And the truth is that the vast wealth of natural resources in Canada provides smaller companies with the chance of tremendous growth.
posted
Globex, Inc. Announces Discovery of Uranium Deposits in Chioak Formation near Tasjujaq, Northern Quebec Mar 2, 2007 9:45:00 AM NEW YORK, March 2 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced that its project team # 2, currently working in the Lake Cliff area near the town of Tasjujaq in Northern Quebec, has discovered several radioactive outcrops in an arkosic conglomerate on a surface of 1060 meters by 500 meters near Lake Cliff. The presence of Uranium concentration in sedimentary stratification are indicating 0.22% U308 through 7 trenches measuring 7 meters in length and surveys from 12 more trenches indicating 0.50% U308.
Management stated: "We were confident that we would uncover something in this area based on the information contained in the available historical geologic reports, but we did not expect it to be this significant. We still have a vast territory to explore in this Northern Quebec region and we intend to complete the field surveys within the next 20 days at which point we will assess the financial value of the area's proven reserves. In addition, our first project team is reporting that the drilling program in the southwest area is proceeding well."
The Company also announced that is pursuing the initial development of an alternative bioethanol technology based on recent positive results from its 90-day beta testing program. Management has retained the services of a specialized law firm to structure the basis of a licensing distribution contract concerning the commercialization of its proprietary bioethanol production systems in the US, Canada and South America.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
GLXI -- Globex, Inc. Com (1 Cent) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Globex, Inc. Signs Asset Leverage Financing Agreement with Trimax Capital Group LTD.
NEW YORK, March 7, 2007 /PRNewswire-FirstCall via COMTEX/ -- Globex, Inc. (GLXI: Pink Sheets), today announced that it has signed a financing agreement with Trimax Capital Group LTD; a Calgary, AB Corporation. Pursuant to the significant Uranium discovery on 2 of its properties, Globex Inc. has negotiated an asset leverage program of structured notes based on the value of the proven reserves discovered.
The unique agreement establishes the basis of an ongoing open structured notes asset-based system. It allows Globex to obtain the required working capital to begin Uranium extraction via the proceeds from the notes and most importantly does not result in any share dilution and maintains the book value of the Company's reserves.
Trimax Capital Group LTD specializes in financing natural resource projects in the oil and gas and mining fields. Trimax's financing program is offered in collaboration with companies such as: Nomura, Pali Capital, Dresdner Bank, JJ Wall, and Bear Stearns among others financial organizations. For further information on Trimax visit: www.trimaxcapitalgroup.com.
Globex Management stated: "This agreement represents the first step towards generating significant revenues for our Corporation and permits us to save considerable time in this crucial phase of our development schedule."
Management also announced that is in the process of preparing both a SB-2 Filing and audited financial statements in order to become a fully reporting Corporation according to the standards set by the Governing authorities.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
SOURCE Globex, Inc.
CONTACT: please contact Michel Benoit at (514) 288-8494 or via email at info*umining.com. Alternatively, you may visit the corporate website at www.umining.com.
Posted by: neilhk In reply to: neilhk who wrote msg# 5907 Date:3/8/2007 6:27:04 AM Post #of 6027
Company Valuation Comparison: Uranium Energy Corp: URME – OTCBB
Been looking at URME, for comparison purposes with GLXI. Have not gone into a lot of detail but many key points seem comparable.
If you check out the chart it has had a crazy year, Current share price $8.50
• Started trading on OTCBB in February 2006. • Fully reporting (but so will GLXI be soon). • Similar share structure, but larger float than GLXI. Authorized: 750,000,000 shares Outstanding: 28,327,338 shares Float: Less than 10 million (from a poster on URME Board) • URME production will not start until 2009. GLXI much sooner. • URME has 12.9 million pounds of historic uranium resource. May have more once their surveys are completed.
Keep URME in mind for when we find out more about GLXI’s probable reserves of uranium, when the full geological report is published. We cannot really assess the true potential value of GLXI until this info becomes available (+ potential of biofuels/ ethanol side of our business needs to be factored in of course:)
Extract from their website:
“UEC has acquired over 19,000 acres of property in six US states, containing 12.9 million pounds of historic uranium resources, with potential targets of 30.5 million pounds in additional resources being identified by the Company’s exploration databases. The Company’s foundation asset, located in Goliad County, Texas, has 5.2 million pounds of historically drill-indicated ISR-amenable uranium resources. This historical resource demonstrates potential to increase to over 15 million pounds. Development drilling and ISL mine permitting are ongoing with a view to commencement of ISR uranium production in 2009.”
GLTA
So they don't even have uranium yet.. just an uplisting to the OTCBB.
They are at $8.50.. no uranium yet, bigger float, less in reserves.. do the math.. I'm not even watching this crap. LOL
From URME PR.. no proof even!
"The Company's foundation asset, located in Goliad County, Texas, has 5.2 million pounds of historic and ISL-amenable (In Situ Leaching) uranium resource with potential targets of 10 million pounds in additional resources. Planning for the first phase of confirmation drilling and ISL permitting is underway."
confirmation drilling? you don't even know it's real? please... we'll be over $5 soon enough for me.. I'm getting more powder.. this is insane. Uplist this B please!!!!
posted
Thanks for posting that dog. I've been watching URME a lot the last few days, and I appreciate having the comparison without having to dig for it (with all the weddings and birthdays going on this week, I am surprised I am even getting to read! LOL)
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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