Alan,
Well it is not very current since the last filing was done in Sept. of 97.
????
Have you checked EDGAR-Online?
edgar-online.com
Why I created this thread, MINE vs IKAR?
I am an ex-IKAR shareholder. I bought IKAR at $2, March 9 '98. I bought it because its news said "Rushan Belt Yields Major Discovery!" biz.yahoo.com I also checked the price expectation for IKAR. Very promising, right?....:)
And then, I decided to cut my lost at $1 1/2. I bought a stock not because I want to have a company. I bought it because I want to get profit for my investment...:)
After that, I realized, IKAR is a speculative company. Let's go back to March 6 news, biz.yahoo.com
The news stated:
Ikar Mineral Corp.'s (OTC BB:IKAR - news) Ikar Deposit in Tajikistan contains 17.6 million tonnes of precious and base metals mineralization worth an estimated $2.2 billion (U.S.) at today's prices.
Based on 17M shares IKAR has, $2.2 billion equal to $129 per share. It didn't mention about production cost. Assume, half of it, so it's equal to $64.5 per share. So, why its stock didn't go to that number? My logic said, there's something wrong with the news. I don't what it is. One think I know and believe, the market is a good judge....:)
Five days later, 3/11/98, IKAR announced big news "Barch Deposit Triples Value of Ikar's Rushan Complex". biz.yahoo.com
At that time, I became smarter. I waited what would happened with the price. As you knew, the price didn't make any significant movement, H=$1.719 L=$1.531 C=$1.531. It didn't make sense, right?...:) But, that's the market, a good judge...:) I always checked its price until one week later. But the price still went down.
I found MINE at the beginning of April. I saw, MINE has similarities with IKAR, speculative stock. Both of them have already announced what they have. IKAR has announced it and no big movement. MINE has announced it but said need more steps to prove the contains. Both of them claimed have big amount of reserves, means big green bucks.
But for me, both of them still need more proven report from professional or independent geologist by following the legal procedures.
My logic said, if I want to make a bet, why should I put my money on higher price? IKAR at that time at $1.3125 and MINE at $0.125
For me, it means I buy more risk at IKAR than at MINE. By having IKAR, my risk only $.125 but in IKAR $1.3125. That's my simple logic...:)
Please, don't argue IKAR has better news or better company since it's not reflected on its price. For me, IKAR and MINE are a good company. Both of them have good prospect. I chose MINE because its price much lower than IKAR.
Okay, now why I created this thread?
I created this thread to give alternatives to investors. I gave the data by giving them links for each company. Let them do their DD. Fair enough, right? Actually, I've never worried with the stock I bought, especially MINE. If MINE is a good company, I believe people will know it someday. The time will tell the truth.....:)
Alan, you should not worried about IKAR if you believe IKAR is good.
It's not my purpose to make IKAR price goes down. I don't make any profit on it. What I wanted is to show MINE has good potential to give profit at that price, $.125. Just it!
So, why don't we let people decide it what they want, MINE or IKAR...:) Feel free to promote your IKAR here.....:)
If you want to make MINE looks bad, just do it on this thread.....:)
Gold is still gold even though you put it on mud....:)
That's what I believe with my MINE.
Just to make sure, we are still real investors, right?...:)
Happy investing!!!
MM |
