Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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Fellow Shareholders:
The AGM is a mere ten days away and the revelations during the past couple of days of the receipt and the rejection by Adys directors of a proposal from the Hebei Wenfeng Iron & Steel Group that is 50% superior in terms of guaranteed cash payments and royalty payments to Ady than the agreement that Ady?s directors signed with Icarus Derivatives Ltd and Corsair Capital Ltd brings into serious doubt the desire and/or ability of Ady?s directors to manage Ady in accordance with the best interests of Ady and Ady?s shareholders. Certainty rejecting a proposal that is 50% superior in terms of guaranteed cash payments and royalty payments to Ady that was submitted by an organization such as the Hebei Wenfeng Iron & Steel who in itself is a world class, very successful transparent company that clearly has the demonstrable financial resources, the assets base and expertise and experience in the mining and metals industries plus demonstrable business experience in Chile in favor of a proposal received by an obscure British Virgin Islands domiciled company; Icarus Derivatives Ltd and Corsair Capital Ltd an equally obscure Hong Kong domiciled company; both of which have dubious financial resources, a dubious asset base, no demonstrable experience in the mining or metals industries and no demonsratable business experience was a tremendous disservice to both Ady and Ady?s shareholders.
Vallenar Iron is Ady?s most important asset and it was a fundamental responsibility of Ady?s directors that if they saw fit to sell Vallenar Iron they take the required steps to assure that they are selling the company to an entity that has the demonstrable financial resources, asset base, expertise in the mining and metals industries and Chilean business experience by which Ady?s shareholders can have a reasonable expectation that the purchaser can and will develop and operate profitable state of the art integrated iron mining and port project. I do not profess to be an expert in the mining or metals industries but common sense dictates that having the required financial resources, required asset base and the required expertise and experience in the mining and metals industries and having Chilean business expertise are essential elements in assuring the successful development of a profitable integrated iron mining and port project especially in light of the fact that the long term benefits to Ady is based upon receiving royalty payments from such a business venture. Did Ady?s directors apply these common sense criteria to their decision to sign an agreement with Icarus and Corsair? Most certainly not! I have numerous mates who work in the mining and metals industries and banks both in Australia and abroad and no one has even heard of Icarus or Corsair in contrast to the Hebei Wenfeng Iron & Steel Group which is a well known name in the international banking community and in the mining and metals industries. In discussions with the General Manager of Hebei Wenfeng Iron & Steel Groups Chilean subsidiary Minera San Fierro Ltd, it was revealed that the Hebei Wenfeng Iron & Steel Group operates its own steel refineries as well as being in partnership with the Chinese state in other refineries, hence, Hebei Wenfeng Iron & Steel Company has a very significant demand for iron ore products. Why then did Ady?s directors decide to sell its 100% holding in Vallenar Iron Company to Icarus and Corsair when they could have sold the same to Hebei Wenfeng Iron & Steel Group under a proposal that was 50% superior in terms of both guaranteed cash payments and royalty payments to Ady? Considering the merits of the Icarus-Corsair and Hebei Wenfeng proposals; was it acceptable behavior by Ady?s directors in rejecting the Hebei Wenfeng Iron Group proposal and continuing to portray to Ady?s shareholders that the agreement Ady?s directors signed with Icarus-Corsair was the only proposal received by Ady that merited consideration and to continue to seek shareholder approval for the Icarus-Derivatives agreement while all the time willfully keeping Adys shareholders in the dark on the fact that Ady had in fact received and rejected a proposal from the Hebei Wenfeng Iron & Steel Group that was 50% superior in terms of guaranteed cash payments and royalty payments to Ady. I think not! If Ady?s directors received two proposals and regards of the fact that they on the date they had already signed an agreement with Icarus-Corsair and Hebei Wenfeng & Iron and Steel Group?s proposal was superior to the agreement signed with Icarus- Corsair, in accordance with acceptable professional behavior and acceptable business ethics; IMHO it was the obligation of Ady?s directors to inform Ady?s shareholders of the receipt of the Hebei Wenfeng Iron & Steel Proposal, postpone the date of the EGM thus giving Ady?s shareholders time to evaluate both proposals and be doing so permit Ady?s shareholders to vote to accept the superior proposal. The mere fact that Ady?s directors elected not to inform Ady?s shareholders of the Hebei Wenfeng Iron & Steel Group?s proposal before the EGM denied Ady?s shareholders of having this benefit. Is this acceptable behavior by Ady?s directors? I think not. Having two proposals Ady?s directors had at the very least the responsibility and obligation to create the scenario in which the Icarus-Corsair and Hebei Wenfeng Iron & Steel Groups proposals competed against each other thus securing the possibility of obtaining the highest possible bid rather than simply encouraging Ady?s shareholders to approve the agreement Ady?s directors had signed with Icarus-Corsair. IMHO, rather than creating the best possible scenario for the sale for Vallenar Iron to the party that presented the superior proposal which would
In the ?Explanatory Memorandum? on page 4 that accompanied The Notice of The EGM it is stated ?The Purchaser has advised Admiralty that it is part of an international investment group specializing in opportunities in the resource sector globally? and on page 10 of the same document it states? Admiralty has been advised by the purchaser it and the Guarantor are each privately owned investment companies seeking to acquire assets globally for investment and subsequent development. The Purchaser has been established by the Guarantor for this transaction as a single-use vehicle. Admiralty has been further advised that the Guarantor owns a range of assets across and jurisdictions, is fully audited and has substantial experience in investment and subsequent development of assets particularly resource focused assets?. A pretty tall story considering that no one in the minerals or metals industries professes to have even heard of Icarus or Corsair and the hagar1 investigation into Corsair revealed that Corsair was indeed a Hong Kong domiciled company with a single shareholder, no demonsratable financial operations for the past years and a net worth of 10,000 Hong Kong Dollars!! What happened here? Did Adys directors merely content to take Icarus and Corsairs word or did Ady?s directors fail to execute their own proper due diligence into Icarus and Corsair before signing the agreement with Icarus? What ever the case the truth about Icarus and Corsair may be far different than the information that was provided to Ady?s shareholders before the EGM in the ?Explanatory Memorandum? which was one of the tools employed by Ady?s directors to encourage Ady?s shareholders to approve the agreement Ady?s directors signed with Icarus-Corsair. Do Adys shareholders know today for sure who are owners or shareholders of Icarus-Corsair, what are true financial resources or assets of Icarus-Corsair and what true demonsratable experience does Icarus-Corsair in developing and profitably operating integrated mining all of which supposedly formed the basis for Ady?s directors to recommend to Ady?s shareholders that we approve the agreement signed with Icarus-Corsair? The only persons that Ady?s shareholders know for certain are associated with Icarus-Corsair are Campbell Olsen, Anthony Walker and of course Phil Thomas. The question comes to mind as to whether Farkus may also be involved in some manner shape or form? Ady?s directors will not provide Adys shareholders will the full details (much less a copy) of the agreement that Adys directors have signed with Icarus-Corsair. What is the reason for this? Why are the details of the agreement being kept so secret? Without such knowledge, how can Adys shareholders be confident that the agreement contains adequate protection for the mineral concessions and port concessions that Ady sold to Icarus-Corsair in the event that these assets are lost by Vallenar Iron under Icarus control and management? Adys shareholders must remember that Icarus can return the mineral concessions to Ady at their choosing, however, it is not known if Ady will receive just compensation if the mineral concessions are lost by Vallenar Iron while under the ownership and management of Icarus. Likewise Adys shareholders do not know if Ady will receive just compensation if the port concession is lost by Vallenar Iron while under the ownership and management of Icarus. Adys shareholders do not even know if Icarus-Corsair has an obligation to return the port concession to Ady if Icarus-Corsair fails to develop an integrated mining and port project. Adys shareholders do not know if in the agreement with Icarus-Corsair Ady?s directors placed any restrictions on Icarus-Corsair selling the assets it has purchased from Ady to a third party. If no such restricts exist and the shareholding of Vallenar Iron is registered in Icarus which is as a British Virgin Islands company; Icarus can at any it so desires and under the conditions it so desires sell Vallenar Iron to any party of its choosing and Ady will not see a penny from this sale!!
IMHO, rather than creating the best possible scenario for the sale for Vallenar Iron to the party that presented the superior proposal which would been in the best interests of both Ady and Ady?s shareholders; a scenario was created which paved the way for Icarus Derivatives Ltd and Corsair Capital Ltd to purchase Vallenar Iron Company on a non-competitive basis in which a proposal was received prior to the EGM on behalf of Hebei Wenfeng Iron & Steel Group which was 50% superior in terms of guaranteed cash payments and royalty payments to Ady was not only rejected by S. Prior but s. Prior also elected not inform Ady?s shareholders of the existence of this proposal before the date of the EGM. After having learned of the Hebei Wenfeng Iron & Steel Group?s proposal and done the research on Hebei Wenfeng Iron & Steel Group?s financial resources, assets, expertise and experience in the mining and metals industries and its business activities in Chile (which include developing a integrated iron mine and port project) I cannot find a objective single basis upon which to justify S. Priors statement to an Ady shareholder (s) to the effect that Ady did receive another proposal (from an undisclosed) party but that said proposal was rejected on the basis that Ady?s board concluded that said party did not have the capability of honoring and completing their proposal with Ady. S. Prior IMHO was the champion of and the driving force behind signing the agreement with Icarus-Corsair (which was done without the approval of Ady?s shareholders) and consequently denied Ady and Ady?s shareholders the opportunity to establish a long term commercial relationship with a world class mining and metals corporation which could have done wonders for Ady?s future and instead tied Ady?s future to an obscure British Virgin Islands company backed by an equally obscure Hong Kong company both of which have dubious (to say the least!) financial resources, dubious assets, no demonsratable mining or metals industry experience, no Chilean business experience and under an equally obscure agreement. Ady is not S. Priors private fiefdom to with as he so pleases. Ady is a public company that belongs to all of its shareholders each of whom have shareholders rights. S. Prior receives his fees as Ady?s executive director, he receives income from the accounting services he provides to Ady on a contractual basis, he receives income from the office he rents to Ady and one of the employees of his accounting firm (with no previous board experience) has been appointed to the role of corporate secretary. He treats the shareholders with distain, disrespect and indifference and thinks he can do exactly as he pleases and will never be held accountable to anyone. The very least that Ady?s shareholders should be able to expect from him is that in the role of executive director he acts not in the best interests of himself and his mates but rather in the best interests of Ady and each and everyone of Ady?s shareholders. We shareholders must now put our foot down if we want to protect our investment in Ady and want to see the company prosper and we start this process by getting rid of S. Prior. The reign of the troika of Harper, Prior and Perry must come to an end if Ady is to have any future and if Ady?s shareholders are to have a chance to see their investment in Ady grow.
The question has been asked if John Anderson got the boot because he opposed doing business with Campbell Olsen and Phil Thomas? This question merits an honest answer as does the question of whether the three former Vallenar Iron managers Michael Clark, Estevan Torres and Ricardo Gonsales were also given the boot or left Vallenar Iron on their own accord because they opposed the agreement with Icarus-Corsair.
IMHO, we shareholders can no longer afford to maintain nor should we permit a person to remain as executive director who has treated the shareholders with less than total frankness and transparency. To do so; would not only maintain but also promote the status quo within Adys board This would mean giving a green light to Adys directors to do whatever they want, whenever they want with our company. It is us shareholders who hold the real power in Ady and it is up to us to show Adys board that we have the will, intelligence and backbone to exercise our shareholders rights and lets use these rights at the AGM to clean up the sorry excuse Ady has for a board of directors.
Its time to get rid of S. Prior and his mates once and for all! His vanity, ego and self-interest will not permit him to take the honorable path out and resign voluntarily; therefore, Adys shareholders are compelled to do the task for him. The opportunity to do so is at the upcoming AGM. Instead of just complaining and moaning; lets take the required action and vote against S. Priors re-election as the executive director of Ady and in doing so give Adys shareholders the opportunity of approving someone in the role of executive director we know will work consciously in the best interests of Ady and Adys shareholders.
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
---
Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Mkt cap ! $10.51M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $168 | 42K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 1206630 | 0.4¢ |
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Price($) | Vol. | No. |
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0.5¢ | 1128915 | 3 |
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6 | 3248583 | 0.003 |
5 | 4004798 | 0.002 |
2 | 3350000 | 0.001 |
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0.005 | 1128915 | 3 |
0.006 | 225889 | 1 |
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