posted
As of May 31, 2007, the Company had 1,911,206,609 shares of common stock issued and outstanding with 3,088,793,391 shares authorized but unissued.
...Effective August 11, 2006, the Company’s common stock underwent a 1 for 100 reverse stock split. As a result, the number of outstanding shares of the Company’s common stock as of August 11, 2006 decreased from approximately 4,954,096,450 pre-reverse split shares to approximately 49,540,965 post-reverse split shares.
wow. the cycle continues. http://www.otcbb.com/dailylist/ should be added to the daily check of things to do. imo. might be safe until Feb - March time frame '08 before the next rs imo. just a wag.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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News for 'UCOI' - (Unico, Inc. Announces Extension to Complete Purchase of the Deer Trail Mine Final Closing Date Now Expected on or Before July 31, 2007)
SAN DIEGO, CA, Jul 17, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the final date to complete the process of transferring ownership of the Deer Trail Mine in Marysvale, Utah from Crown Mines, LLC to the Deer Trail Mining Company has been extended to July 31, 2007. The new extension agreement was executed on July 16, 2007 and was primarily made to provide sufficient time to complete the title report, assure proper transfer of title and complete the sale.
An independent third party has been retained to produce the title report and conduct all necessary due diligence to ensure that the Deer Trail Mine is properly conveyed to the Deer Trail Mining Company.
Unico has secured the entire remaining balance of $1.7 million to exercise the lease buy-out option on the remaining balance. Previous payments totaling $2.3 million, which will be applied toward the purchase price upon closing, have been made to Crown Mines.
"The proper conveyance of title is a critical element of our purchase of the Deer Trail Mine from Crown Mines, LLC, and this mutual agreement allows the additional time necessary to complete this work and close the sale properly," said Mark A. Lopez, chief executive officer of Unico, Inc. "We view the Deer Trail Mine as an important long term asset for the company and a major focal point of our ongoing operations. We look forward to completing the process of transferring ownership in the timeframe allowed by this extension."
The mining lease and option to purchase between Unico, Inc. and Crown Mines, LLC, dated December 12, 2001, was adjusted through a first modification of mining lease and option to purchase, dated May 31, 2004, a second modification of mining lease and option to purchase, dated April 21, 2006, a third modification of mining lease and option to purchase, dated November 1, 2006, and a fourth modified lease and option to purchase agreement in April 2007, which provided for a due date of May 31, 2007 for Unico, Inc. to exercise its purchase option.
Under the agreement, Deer Trail Mining Company, LLC has the right to acquire the mining claims located in Marysvale, Utah, which consist of 32 patented mining claims and 171 unpatented mining claims, as well as mill sites, dumps and other transferable rights contained in the agreement.
The claims covered in the purchase agreement total approximately 3,275 acres, or 5.12 square miles, and include workings known as the Deer Trail Mine, the PTH Tunnel and the Carisa and Lucky Boy Mines. The PTH Tunnel penetrates more than 10,000 feet, with a developed network of tunnels, shafts, stopes, and raises at the 3,400-foot-area and at the 8,000-foot-area, and was mined by prior owners for gold and silver. The initial Deer Trail claims date back to 1870.
Unico, Inc. has also filed its Quarterly Report on Form 10-QSB for the period ended May 31, 2007. A link to the complete filing can be found on the company's website at www.unicomining.com./IR/investorrelations.php.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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SAN DIEGO, CA, Jul 19, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced the addition of a new photo gallery on the company's corporate website showing recent reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. The gallery can be found in the Media section of the site at http://www.unicomining.com./news/othermedia.php.
The new photo gallery contains a section showing the ball mill, which has just received final approval from Jean Duvall, the millwright contracted to supervise improvements to the ball mill, to operate. Mr. Duvall checked the alignment of the bull gear and pinion gears and made one last final inspection of the main trunion bearings. Once the power has been connected, there will be a dry run, and after any necessary adjustments are made, the balls will be installed inside the ball mill.
Another section of the gallery shows assembly of the thickener, which will primarily be used to thicken tailings. The thickener walls have been erected to their final height and have been completely welded including the angle iron stabilization rims. The thickener bridge, turning mechanism, rakes, decking, and stairways have all been installed. The majority of the safety railings have also been installed. The steel for the remaining railings has been delivered and installation is expected in the next several days. The overflow weirs have been fabricated, and once the weirs have been installed, the unit will be considered complete. Rust inhibitor paint will be applied before the thickener begins operating.
The gallery also shows photographs of an exterior stairway, which was constructed to allow for additional access to the mill building.
"The new photo gallery showing recent work at the mill and processing facility at the Deer Trail Mine demonstrates how quickly the final stages of reconstruction are progressing," commented Mark A. Lopez, chief executive officer of Unico, Inc. "With final inspection of the ball mill completed, we are preparing to perform a dry run once the power is connected to the facility. The thickener, which is the last major construction project within the mill buildings, is also in the final stages of assembly. We hope shareholders are closely following these updates and will monitor the remaining work in preparation for the initiation of operations at the Deer Trail mill and processing facility as well as our efforts in closing on the Deer Trail buy-out option with Crown Mines."
Unico, Inc. has secured the entire remaining balance of $1.7 million to exercise the lease buy-out option on the Deer Trail Mine from Crown Mines, LLC. The company is currently awaiting completion of the title report and all necessary due diligence to ensure that the Deer Trail Mine is properly conveyed to Unico's wholly owned the Deer Trail Mining Company subsidiary. The final closing date is expected on or before July 31, 2007.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
convertibles continue to beat the crap out of this. see if it gets as bad as ddsi.
oh yeah... smile for the camera!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by BooDog: As of May 31, 2007, the Company had 1,911,206,609 shares of common stock issued and outstanding with 3,088,793,391 shares authorized but unissued.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Be careful - huge dilution and great risk for R/S. Check with T/A before taking a position. *** The trend is still down. Never take a position until the dilution is done and uptrend is clear.
UCOI: trend is still down, dilution is huge, and R/S is expected.
Dumped 1 B shares in one month.
Get out while you can.
***** From Ihub:
*** Posted by: ronning999 In reply to: DSDstock who wrote msg# 8073 Date:7/20/2007 9:58:12 PM Post #of 8081
DSDstock,
There is a lot more than "a feeling that the float is huge which gives this a sense of dillution."
If this is not absolute proof that massive dilution is evident and happening, then you need help --- from various 10-K's and 10-Q's:
07-16-06 OS = 49,340,965 10-12-06 OS = 182,411,108 01-11-07 OS = 747,889,608 06-11-07 OS = 1,906,735,609 07-16-07 OS = 2,915,363,072
Posts: 3228 | From: Michigan | Registered: Aug 2005
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agreed, timing is key and watching both the charts and the daily list.
where is that risk/reward level????
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Didn't they just do a reverse split? Didn't this used to be UNCN?
Posts: 438 | From: just outside of nowhere | Registered: Mar 2006
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.0013 LOD no one want's it cept the flippers now.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by worthashot: Didn't they just do a reverse split? Didn't this used to be UNCN?
I couldn't find that. they did an rs but not sure about uncn.
...Effective August 11, 2006, the Company’s common stock underwent a 1 for 100 reverse stock split. As a result, the number of outstanding shares of the Company’s common stock as of August 11, 2006 decreased from approximately 4,954,096,450 pre-reverse split shares to approximately 49,540,965 post-reverse split shares.
and now this is at about 3b shares. watch the trend on the charts with the accum and the momo for the reversal ~and the level II's imo. Many running because of the RS theory which will probably happen imo too but when????
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Unico, Inc. Secretary Files Form 4 on Stock Purchase Monday September 25, 8:46 am ET
SAN DIEGO, CA--(MARKET WIRE)--Sep 25, 2006 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that secretary Wayne Hartle has purchased 1,953,165 shares of Unico common stock. The purchase was made at a price of $0.0192 per share on September 20, 2006 and brings the total number of common shares that Mr. Hartle owns to 1,994,224. ADVERTISEMENT
Mr. Hartle's purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed with the Securities and Exchange Commission.
"On my recent visits to the Deer Trail Mine property, I have been extremely impressed by the reconstruction of the mill and the initial results from the analysis of core samples taken from the Phase II underground drilling program conducted at the Deer Trail Mine," said Mr. Hartle.
"There is clearly great potential in the company's current subsidiary properties, and the recently announced agreements to acquire the Crown Point, Clyde and 70 other claims in the area further increases the potential for Unico's mine holdings. Given this significant progress, I am only too pleased to add to my common stock position in the company," added Mr. Hartle.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTC BB:UCOI.OB - News), is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.Posts: 438 | From: just outside of nowhere | Registered: Mar 2006
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posted
Unico, Inc. Announces Appointment of New Senior Geologist for Deer Trail Mining Company Monday August 13, 9:32 am ET
SAN DIEGO, CA--(MARKET WIRE)--Aug 13, 2007 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that Dean Misantoni has been hired by the company's wholly owned subsidiary, Deer Trail Mining Company, LLC, to serve as senior geologist. The focus of Mr. Misantoni's efforts will be underground mining activities at the Deer Trail Mine in Marysvale, Utah. ADVERTISEMENT
Mr. Misantoni has extensive experience in underground metals mines in over twenty-five years as a geologist, consulting geologist, senior geologist and related positions.
Most recently, Mr. Misantoni served as senior geologist for the Sweet Home Mine in Alma, Colorado. In this capacity, he provided underground surveying, geologic mapping and modeling in a complex, narrow vein environment.
In previous positions, Mr. Misantoni conducted geologic mapping and drill target generation over 100 square kilometer concession; was responsible for layout and implementation of underground core drilling program and subsequent reserve calculations; supervised geologic mapping, core logging and reserve calculations in a low sulfidation, epithermal vein district; and was involved in all phases, feasibility through production, of an underground gold mine.
Mr. Misantoni graduated with a B.S. in Geology from Southern Illinois University and an M.S. in Economic Geology from Colorado State University.
"We are pleased to have a geologist with the background and experience of Mr. Misantoni join the Deer Trail Mining Company and assist with our efforts to target future underground mining activities at the site," stated Mark A. Lopez, chief executive officer of Unico, Inc.
"I look forward to my work at the Deer Trail Mine and believe that there is excellent potential at this property," commented Mr. Misantoni. "I was attracted to the opportunity due to all of the different types of targets and geology that are present at the Deer Trail Mine."
Unico recently completed the purchase of the Deer Trail Mine for its Deer trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc. (OTC BB:UCOI.OB - News) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contact: Contacts: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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not building a car just so you can sit and stare at it imo....
News for 'UCOI' - (Unico, Inc. Announces the Progress of Work by Atlas Fausett Contracting to Rehabilitate the Deer Trail Mine Including the Reopening of the PTH Tunnel for Underground Mining Activities)
SAN DIEGO, CA, Oct 01, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that Atlas Fausett Contracting, with which the company's wholly owned Deer Trail Mining Company subsidiary has contracted for underground mine maintenance work including portal and stope rehabilitation at the Deer Trail Mine in Marysvale, Utah, has arrived onsite and initiated its work.
A new photo gallery showing the initial work by Atlas Fausett Contracting is expected to be added to the Media section of the Unico website, http://www.unicomining.com, in the next several days.
Atlas Fausett Contracting, a division of Atlas Mining Company (www.atlasmining.com), is contracted to conduct initial underground maintenance work including the replacement of timber sets, clean up of the main haulage way and installation of ground support where needed. Atlas Fausett Contracting provides a variety of services, including site evaluation, feasibility studies, trouble-shooting and consultation prior to the undertaking of exploration and mine development. AFC projects include all types of underground mine development, rehabilitation and specialized civil construction.
During the week of September 24, 2007, Atlas began the mine maintenance work and reopening of the PTH Tunnel that is expected to pave the way for future underground mining activities at the Deer Trail Mine. Equipment was brought in to rehabilitate the portal including three Gardner-Denver Jackleg drills, ore slushier and bucket. Several stacks of mine timber that will be used to shore up the main haulage tunnel have also arrived on site.
Currently, Atlas personnel are onsite and have initially repaired the first 20 feet of timber where the PTH Tunnel starts underground. This involved removing the overburden on the hillside for approximately 20 feet into the mine, followed by removing the rotten timber that were installed to collar the tunnel several decades ago.
Atlas' work is expected to bring the 3400 East stope in compliance with MSHA standards. The 3400 East area was previously mined for silver, gold, lead and zinc. The development waste generated from the rehabilitation of the 3400 East stope is expected to provide immediate feed for the mill and processing facility at the Deer Trail Mine, in addition to the material from upper dump area, which has been screened and is prepared for processing.
"We are pleased at how quickly Atlas was able to arrive at the Deer Trail Mine and begin their work to reopen the PTH Tunnel and conduct underground maintenance," stated Mark A. Lopez, chief executive officer of Unico. "I was able to see the progress of this work firsthand on a visit to the Deer Trail Mine last week and was impressed with the quality of work that the Atlas crew has exhibited. We look forward to continued progress at the Deer Trail Mine and a successful ongoing relationship with Atlas Mining."
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Atlas Mining Company
Atlas Mining Company is a diversified natural resource company with a focus on the development of the Dragon Mine halloysite clay deposit in Juab County, Utah. Atlas also operates the Atlas Fausett Contracting Division, an underground mining and drilling contracting business. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI." More information about Atlas Mining Company can be found at http://www.atlasmining.com.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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News for 'UCOI' - (Unico, Inc. Announces MSHA Notification and Renewal of Mine Rescue Coverage for Underground Activities at the Deer Trail Mine)
SAN DIEGO, CA, Oct 04, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that its wholly owned subsidiary Deer Trail Mining Company has submitted a correspondence notifying the U.S. Mine Safety and Health Administration (MSHA) that the company has contracted with Atlas Fausett Contracting, a division of Atlas Mining, for underground mine maintenance work including portal and stope rehabilitation at the Deer Trail Mine in Marysvale, Utah.
The notification to MSHA includes a description of the work that is being performed by Atlas Fausett Contracting, as well as geological sampling work undertaken by Deer Trail Mining Company under the direction of senior geologist, Dean Misantoni. The notification also informs MSHA that screening operations of previously mined stockpiles and/or tailings are being conducted at the Deer Trail Mine.
In addition to the MSHA notification, Deer Trail Mining Company has secured underground mine rescue coverage from Talon Resources, which has provide consulting and direct representation for the company to the state of Utah's Division of Oil, Gas and Mining (DOGM), as well as conducting certified training and safety compliance programs required by MSHA.
Talon Resources provides a wide variety of services to the mining industry including environmental assessments and permitting, construction inspection, surveying, engineering, instrument calibration, permit tracking, surveys for landfill and hazardous waste sites. They also provide mining and other subsurface location maps and global positioning system surveys.
Initially, the Deer Trail Mining Company hired Talon Resources to provide inspection of the underground mining activity in the PTH Tunnel and alternative miner rescue capabilities in connection with its mine rescue team. These activities were an integral part of the underground diamond core drilling program at the Deer Trail Mine in 2005.
"We are pleased to have submitted the required notification to MSHA related to the underground activities that have been initiated at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The alternative mine rescue capabilities of Talon Resources also brings an additional level of safety to the rehabilitation and planned future underground mining activities at the Deer Trail Mine. Safety is critically important to our project in moving forward with our underground plans, and Talon Resources provides strong expertise and knowledge in this area."
Atlas Fausett Contracting, a division of Atlas Mining Company (www.atlasmining.com), is contracted to conduct initial underground maintenance work including the replacement of timber sets, clean up of the main haulage way and installation of ground support where needed. Atlas Fausett Contracting provides a variety of services, including site evaluation, feasibility studies, trouble-shooting and consultation prior to the undertaking of exploration and mine development. AFC projects include all types of underground mine development, rehabilitation and specialized civil construction.
During the week of September 24, 2007, Atlas began the mine maintenance work and reopening of the PTH Tunnel that is expected to pave the way for future underground mining activities at the Deer Trail Mine.
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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News for 'UCOI' - (Unico, Inc. Announces Further Reconstruction Work at the Mill and Processing Facility at the Deer Trail Mine)
SAN DIEGO, CA, Oct 11, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced further progress of reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
A new photo gallery showing the reconstruction work is expected to be added to the Media section Unico website, http://www.unicomining.com in the next several days.
The vacuum pumps used for the Eimco filter have been installed as have the filtrate tanks used to collect the wastewater from the Eimco filter. All piping required to operate the filter and vacuums are in place and prepared for their final electrical connections.
The piping that will carry the tailings to the thickener has been installed along with all of the piping that will carry the recycled water throughout the mill.
The fine ore feed conveyors have had new belting and rollers installed, and a test a run is scheduled in the next several days.
The onsite laboratory is being moved from the mine site to the area of the mill buildings to help increase the efficiency of the mill operations and improve logistics at the site. The concrete walkways that will be used to connect the laboratory to the mill buildings are currently being poured.
The DC motors and DC speed controllers, which operate the belts that feed the ore into the mill, have been delivered and are currently being installed.
Ongoing electrical connections inside the mill building are being made daily, and electrical equipment is being tested as it comes online.
The reconstruction of the mill and processing facility is being undertaken so that Unico's wholly owned mining subsidiary, Deer Trail Mining Company, Inc. can begin processing operations at the site. Above-ground stockpiles of material at the site is the immediate target of processing operations as additional future planned mining operations at the Deer Trail Mine are strategized.
"We are pleased to report this additional progress of reconstruction work at the mill and processing facility at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico. "With the power supply through the new electrical substation now available, we look forward to completing the final electrical connections, motor installations, and wiring work, so testing inside the facility can begin."
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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News for 'UCOI' - (Unico, Inc. Announces Approval of Amendment to Commence Large Scale Mining Operations at the Deer Trail Mine)
SAN DIEGO, CA, Oct 15, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that it has received conditional approval of an additional amendment to its Large-Scale Mining Plan to cover expansion of the mill and processing facility at the Deer Trail Mine in Marysville, Utah.
The State of Utah's Division of Oil, Gas and Mining (DOGM) granted formal approval of Unico's amended Large-Scale Mining Plan for the Deer Trail Mine in April 2005. DOGM completed a review of the amendment submitted by the company in February 2007 and updated in September 2007.
Unico's wholly owned subsidiary Deer Trail Mining Company, LLC has added new construction elements to the existing site plan for the mill and processing facility at the Deer Trail Mine. As part of its amendment to the Large-Scale Mining Plan in February 2007, Unico submitted to DOGM additional blueprints of the site modifications and a reclamation surety bond estimate.
The amended Large-Scale Mining Plan allows Unico to expand the scope of its large mining operation and execute its long-term plan at the Deer Trail Mine. Mining operations under the plan may include activities conducted on the surface of the land for exploration, development or extraction of a mineral deposit, including, but not limited to, surface mining and the surface effects of underground mining, on-site transportation, concentrating, milling, evaporation and other primary processing.
Recently, the company contracted with Atlas Fausett Contracting, a division of Atlas Mining Company (www.atlasmining.com), for underground mine maintenance work including portal and stope rehabilitation at the Deer Trail Mine. Atlas Fausett Contracting provides a variety of services, including site evaluation, feasibility studies, trouble-shooting and consultation prior to the undertaking of exploration and mine development. AFC projects include all types of underground mine development, rehabilitation and specialized civil construction.
Atlas Fausett Contracting is currently conducting initial underground maintenance work including the replacement of timber sets, clean up of the main haulage way and installation of ground support where needed.
Concurrently, reconstruction of the mill and processing facility at the Deer Trail Mine has continued. The new electrical substation will supply up to 2.5 megawatts of electricity to power mining and processing activities at the site. With the main electrical substation, the secondary substation and all major electrical connections completed, power is now available inside both mill buildings at the site. The main substation supplies the 1.5 megawatts of power required to operate the mill and processing facility and an additional megawatt of excess power capacity is available for future upgrades to the system, including power for mining activities at the Deer Trail property and other Unico claims in the area.
The reconstruction of the mill and processing facility is being undertaken so that Unico's wholly owned mining subsidiary, Deer Trail Mining Company, Inc. can begin processing operations at the site. Above-ground stockpiles of material at the site is the immediate target of processing operations as additional future planned mining operations at the Deer Trail Mine are strategized.
Onsite metallurgical and geological work has also been initiated at the Deer Trail Mine.
"We will continue to comply with DOGM's requirements for permitting and posting of the required reclamation surety as we prepare for processing operations at the mill and processing facility and future underground mining activities at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico. "As operations at the site are expanded, we expect there to be additional amendments to the Large-Scale Mining Plan. We are very excited about the progress made thus far and the future of our project at the Deer Trail Mine."
Unico recently completed the purchase of the Deer Trail Mine for its Deer Trail Mining Company subsidiary.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Just don't look at the share structure and ignore the up coming rs (yet to be announced imo).
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Now at .001 x .0011 and looks like a good point to get in. However, the chart shows that since the last R/S back on 08/14/06, the pps has steadily gone down. They have good PR, so they must be doing heavy diluting and may continue diluting until it hits bottom.
I'll keep an eye on this one to see if they will stop diluting and let the pps rise.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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...."In addition, the resulting reduction in the number of issued and outstanding shares of Common Stock, while keeping the number of authorized shares of Common Stock at 5,000,000,000 shares, will provide the Company with additional authorized but unissued shares which could be utilized for future fundraising, acquisitions or mergers or to otherwise carry out the Company’s business objectives."....
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Stay away from stocks with huge O/S. R/S is always before the bottom -- never play bottom bounce with dilutive stocks.
One more example is UCOI.
*** Post date: 7/23/2007:
quote:Originally posted by JimSC: Be careful - huge dilution and great risk for R/S. Check with T/A before taking a position. *** The trend is still down. Never take a position until the dilution is done and uptrend is clear.
UCOI: trend is still down, dilution is huge, and R/S is expected.
Dumped 1 B shares in one month.
Get out while you can.
***** From Ihub:
*** Posted by: ronning999 In reply to: DSDstock who wrote msg# 8073 Date:7/20/2007 9:58:12 PM Post #of 8081
DSDstock,
There is a lot more than "a feeling that the float is huge which gives this a sense of dillution."
If this is not absolute proof that massive dilution is evident and happening, then you need help --- from various 10-K's and 10-Q's:
07-16-06 OS = 49,340,965 10-12-06 OS = 182,411,108 01-11-07 OS = 747,889,608 06-11-07 OS = 1,906,735,609 07-16-07 OS = 2,915,363,072
posted
We knew it was coming. Just a matter of when. Unbelievable how quickly they dumped so many shares. Need to see what the dates will be. Maybe we'll get a little run before the split after they've spent all their shares. I have been out for some time but might watch for the pre split run for a flip.
quote:Originally posted by JimSC: Stay away from stocks with huge O/S. R/S is always before the bottom -- never play bottom bounce with dilutive stocks.
One more example is UCOI.
*** Post date: 7/23/2007:
quote:Originally posted by JimSC: Be careful - huge dilution and great risk for R/S. Check with T/A before taking a position. *** The trend is still down. Never take a position until the dilution is done and uptrend is clear.
UCOI: trend is still down, dilution is huge, and R/S is expected.
Dumped 1 B shares in one month.
Get out while you can.
***** From Ihub:
*** Posted by: ronning999 In reply to: DSDstock who wrote msg# 8073 Date:7/20/2007 9:58:12 PM Post #of 8081
DSDstock,
There is a lot more than "a feeling that the float is huge which gives this a sense of dillution."
If this is not absolute proof that massive dilution is evident and happening, then you need help --- from various 10-K's and 10-Q's:
07-16-06 OS = 49,340,965 10-12-06 OS = 182,411,108 01-11-07 OS = 747,889,608 06-11-07 OS = 1,906,735,609 07-16-07 OS = 2,915,363,072
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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