posted
What caused this to hit the dumper there kidpolio? , I dont see any news or anything about it, I only spent a few minutes checking it out but do you know what happend here ?
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
May 30, 2007 - 4:44 PM EDT Hidalgo Mining (HMIT) Announces: Consolidated Mining and Mineral Group Submits Offer to Purchase HMIT for $2.15 Per Share HMIT Board of Directors Convene to Discuss Offer Details
Hidalgo Mining International (PINK SHEETS: HMIT), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has received a formal offer from Consolidated Mining and Mineral (CMM), an international mining company, to purchase all the outstanding and issued stock of HMIT for a consolidated purchase price of $2.15 per share. The HMIT Board of Directors has entered negotiations with CMM to discuss the finalization of its offer.
In the event that the HMIT Board of Directors accept the described offer, CMM will immediately own the mining rights to the Northern Mexico Coal Property which encompasses nearly 300M tons of discovered and tested coal. At the time of writing coal is valued at $55.00 per ton. The offer submitted by CMM will provide tremendous cash purchasing ability as the offer is based on the total value of the existing mining rights which presently encompasses over 300 million tons of coal.
“Seeking out organizations like Hidalgo is exactly what we are in business to do. Its Northern Mexico property is currently sitting on over 300M tons of coal assets. We are in the business to acquire organizations that hold rights to or own large properties with minable minerals such as coal. With our expertise and wherewithal to immediately institute mining which will produce large amounts of coal production, we are able to re-capture our costs in an expedited time frame. We are excited about the possibility of acquiring Hidalgo and hope that our negotiations will result in a satisfactory conclusion for both companies,” stated Mark Klok, CEO of Consolidated Mining and Minerals.
“HMIT has convened its board to discuss all the appropriate details of the CMM offer. Through our vast knowledge about the industry and that of our coal property, we feel that we can reach a conclusion in a timely matter. HMIT will release additional news updating our shareholders of the progress in this proposed acquisition,” stated Jeff Bootes, CEO of Hidalgo Mining International.
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (www.hidalgointernational.com).
Disclaimer:
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future plans. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks detailed in Hidalgo Mining Internationals’ periodic report filings with the Securities and Exchange Commission. Hidalgo Mining International undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Hidalgo Mining Internationals’ expectations.
Investor Relations for Hidalgo Mining International Veronica D. Dunford, 310-729-1223 hidalgo*clientservicesint.com
Source: Business Wire (May 30, 2007 - 4:44 PM EDT)
posted
And I have to leave tommorrow at 11 in the morning so I only have a few hours to watch this ..I got some shares today at .25 but will have to see what it does...
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
If it runs I am getting out with profit , im not waiting for 2.15 per share ,, but opened at .83 yesterday so it might just at least run back to that range,, Thanks for the DD tex, I didnt see any reason for the dump today , must be MMs shaking the hell out of it in hopes of a run with this "news" Thanks Tex Gary
Posts: 1986 | From: Florida | Registered: Mar 2006
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SBMI vs CMM - look at SBMI April PR: <snip>April 16, 2007 - 8:00 AM EDT Siguiri Basin Mining Inc. (SBMI) Signs Joint Venture With Consolidated Mining Inc.
<blah,blah> The terms of the joint venture include an exchange of property for cash and stock from Siguiri. <snip>
SBMI started dilution since (cash payment for the property - am I right?) CMM is trying to go public with this offer - not so bad for quick pop of HMIT PPS. $2.15 – ha-ha-ha but I bet it will open at .35-.38 and will hit at least .50
Posts: 1580 | From: World | Registered: Jul 2006
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posted
This will be fun to watch this morning MMs are already jocking for position this morning at 8:30 And HILL stuck his nose in at $2.00 to get on the list....
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
atleast it looks like you might be right MMs are having a ball with this one this morning and already up to B .275 x A .28 and 2 more MMs have already shown up to add to it.. Like watching the dogs trying to line up at the gate ready to see the rabbit fly aroung the track..
Posts: 1986 | From: Florida | Registered: Mar 2006
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Tex, Have you ever seen a MM named NIII , I have never seen them anywhere before.. They just got on top of the ask at .28
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
I got a few yesterday but do not have anymore clear funds to buy , but the way MMs are jumping around Im not sure what to expect this morning..
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
if they are going to buy each share for 2.15 shouldn't this rise to at least 2.00 a share???
Posts: 806 | From: CT | Registered: Dec 2005
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quote:Originally posted by tmanfromtexas: It never does it seems Cas, ndol didnt, aurc didnt, jphc didnt. So I doubt this will either. jmo TMAN...
almost 3X O/S volume yesterday, even with 50% of flips and mirror trades this is fishy... still think it will go to .50 or more
Posts: 1580 | From: World | Registered: Jul 2006
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