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re: SUB Penny stock BMIX link page 2 possible giga factory in Brazil ?
Posted on 1/26/21 at 5:03 pm to RedHawk
Posted on 1/26/21 at 5:03 pm to RedHawk
No AH on this one.
You can't use google for otc this happens on every otc AH on there. It's a trade that didn't post during the day. It is still at .057 on TD Ameritrade. Bears try and use it all the time to scare people.
You can't use google for otc this happens on every otc AH on there. It's a trade that didn't post during the day. It is still at .057 on TD Ameritrade. Bears try and use it all the time to scare people.
This post was edited on 1/26/21 at 5:07 pm
1
Posted on 1/26/21 at 6:52 pm to LSUisKING12
quote:
Not even sure how that happens. One trade of 100k at .017. People on Stocktwits are calling it a T trade. I don’t know what that is.
OTC or pink sheets do not have after hours trading.
Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs. That trade at .017 cents did not happen after hours and is not driving down the price.
Price is still what it was at close. It may open higher or lower tomorrow depending on volume and when your broker can actually get the trade in.
That trade may turn off people that don’t know this and cause a brief downturn, but when people realize the price is not 0.017 cents and is actually much higher it will rip back up pretty quickly.
This post was edited on 1/26/21 at 6:53 pm
Posted on 1/26/21 at 6:54 pm to ReadyPlayer1
quote:
Bears try and use it all the time to scare people.
This. It’s often used, and can be effectively used, to scare people away. It can also be used to try to lower the market for a better entry price, which is likely what is happening here. OTCs are not regulated like other stocks. This one is not through going up just yet.
This post was edited on 1/26/21 at 6:58 pm
Posted on 1/26/21 at 7:00 pm to go ta hell ole miss
This was up to 120% early in the day
Posted on 1/26/21 at 7:04 pm to xxTIMMYxx
quote:
This was up to 120% early in the day
Right. And it still closed up 33%. The fact that it held a 33% gain after yesterday was a good sign. The dump would have occurred at .10. That’s when there was a huge volume of selling, likely by one person or one small group with a lot of shares that had Predetermined a sell at .10 (wouldn’t surprise me if it was the CEO since he has just forgone $250k in compensation for stock options and there was a sell of just under 25 million shares between .1 and .088 this morning that killed momentum and amounts to about $250k). People see that it held up, so there is likely more room to run. There are also lots of other OTCs gaining momentum, so people will may move off of this one soon.
This post was edited on 1/26/21 at 7:08 pm
Posted on 1/26/21 at 7:12 pm to go ta hell ole miss
Can you post some of the others?
Posted on 1/26/21 at 7:21 pm to brightside878
quote:
Can you post some of the others?
I don’t want to derail this thread. There’s another thread that already has that info.
ReadyP had a good tip, though. You can go to the rooms on Stocktwits, etc. and look around for a day or two and figure out the pumpers. Then go watch the room “watcher” grow. If someone has a history of pumping at just the right time and moving on then follow them is a pretty good bet on what the next things will be.
ETA: Done below with permission from ReadyPlayer1.
This post was edited on 1/26/21 at 9:33 pm
Posted on 1/26/21 at 7:28 pm to go ta hell ole miss
FYI, BMIX was back up to .061 after hours. It will probably spike again in the morning as it did this morning.
Posted on 1/26/21 at 7:46 pm to go ta hell ole miss
quote:
I don’t want to derail this thread.
Go ahead and post others I don't mind. Ain't no stick up my butt.
Edit: didn't catch the other tread part
This post was edited on 1/26/21 at 7:48 pm
Posted on 1/26/21 at 9:26 pm to ReadyPlayer1
quote:
Go ahead and post others I don't mind. Ain't no stick up my butt.
Okay.
HCMC (20 million volume and up 200% today when the 90 day average is 1.5 million volume, gaining momentum quickly, primarily because of a lawsuit against Phillip Morris. Yes, this is sub penny OTC world where stocks go up on filing of lawsuits.)
NWTT (up 750% today on 1.5 billion volume when average 90 day volume is 39.6 million).
INND (hearing aids of all things, but over a billion volume today when 90-day average volume is 59 million)
I haven’t done any DD on those, they just have momentum in the rooms. I rarely play OTCs.
After Readyplayer1 mentioned BMIX I looked at it. The CEO is a double major from MIT, graduated Harvard Business School and Harvard Medical School. He also has connections to Goldman Sachs and others. He’s no slouch. Unlike other OTCs, they are actually filing Corp. documents, which is where I got info on the CEO getting stock options instead of a salary (their Dec. 8K filing). They have not been issuing PRs for a pump (until today).
Cons of BMIX if you look at their address on GoOgle Maps this is clearly not a major company yet. They are in the mining business, but they don’t actually have lithium, just acres to explore for it. Lithium is not in short supply until 2025. There are only seven employees that I can find and they don’t make profits. Presumably the gold company they own does.
That pro v. con was enough to ride the wave for a day or two. I cannot say the same about the others mentioned above yet.
This post was edited on 1/26/21 at 10:22 pm
Posted on 1/28/21 at 11:09 am to go ta hell ole miss
BMIX is taking a beating today
Posted on 1/28/21 at 1:13 pm to Paul Allen
But up 800% in 5D. Missed this one too
Posted on 1/28/21 at 1:15 pm to jimjackandjose
Posted on 2/1/21 at 1:20 pm to Sao
making a run again
Posted on 4/6/21 at 11:59 am to made4lsu
Is anybody still looking at BMIX? I remembered that someone posted something a while back and decided to look into it. There was an article I came across that is a couple weeks old.
Jupiter Gold Reports Strong Quartzite Results
In the article is states:
It also says their profit margin is 60% and taking this out of the ground could last more than a decade. So that article is related because they apparently own 30% of Jupiter gold from this article
Brazil Minerals, Inc.'s Substantially Expands Its Lithium Footprint
Now it doesn't mean they are going to sell that much quartzite, because it would be limited to demand, but for the sake of entertaining the article I wanted to find out how much quartzite this was in cubic meters (rougly). So to find this out, the specific gravity of quartzite is 2.5-2.7 meaning it would have a weight of 2.5 to 2.7 times the weight of water, conservatively this is
2.5 x 62.4 = 156 lb / cf (could be as high as 2.7x62.4)
there are 3.28 feet per meter
then there are 3.28^3 (35.28) cubic feet per cubic meter
so 156 lb/cf x 35.28 cf / cm = 5503 lb per cubic meter. which is 2.75 tons / cubic meter.
meaning 3,700,000 tons / 2.75 (tons/cubic meter) roughly 1,345,454 cubic meters by the estimate above
at a rate of $1,600 dollars per cubic meter (which is less than what the article says)
$1,600 x 1,345,000 = 2.152 Billion gross (not net)
So if that article is correct, they are sitting on rougly 2.1 billion dollars worth of quartzite. Now I know that everyone is not fixing to upgrade the kitchen countertops, but that seems like quite a bit (based on their calculation of 3.7M tons) for a company with a market cap of only 41M and 30% ownership in Jupiter Gold.
apparently Triton Funds purchased up to 5M in common stock which diluted the authorized shares recently. Triton Funds to Purchase up to $5M of Brazil Minerals' Common Stock
They also have a lithium foot print and 60% ownership, holdings in Apollo Resources Corporation. Does anyone know why it is trading so low even with a an institution interest?
Jupiter Gold Reports Strong Quartzite Results
In the article is states:
quote:
Preliminary calculations indicate a potential aggregate of 3.7 million tons of quartzite in Jupiter Gold's Quartzite Project with an expected revenue to the Company of $1,800 to $2,000 per cubic meter sold.
It also says their profit margin is 60% and taking this out of the ground could last more than a decade. So that article is related because they apparently own 30% of Jupiter gold from this article
Brazil Minerals, Inc.'s Substantially Expands Its Lithium Footprint
Now it doesn't mean they are going to sell that much quartzite, because it would be limited to demand, but for the sake of entertaining the article I wanted to find out how much quartzite this was in cubic meters (rougly). So to find this out, the specific gravity of quartzite is 2.5-2.7 meaning it would have a weight of 2.5 to 2.7 times the weight of water, conservatively this is
2.5 x 62.4 = 156 lb / cf (could be as high as 2.7x62.4)
there are 3.28 feet per meter
then there are 3.28^3 (35.28) cubic feet per cubic meter
so 156 lb/cf x 35.28 cf / cm = 5503 lb per cubic meter. which is 2.75 tons / cubic meter.
meaning 3,700,000 tons / 2.75 (tons/cubic meter) roughly 1,345,454 cubic meters by the estimate above
at a rate of $1,600 dollars per cubic meter (which is less than what the article says)
$1,600 x 1,345,000 = 2.152 Billion gross (not net)
So if that article is correct, they are sitting on rougly 2.1 billion dollars worth of quartzite. Now I know that everyone is not fixing to upgrade the kitchen countertops, but that seems like quite a bit (based on their calculation of 3.7M tons) for a company with a market cap of only 41M and 30% ownership in Jupiter Gold.
apparently Triton Funds purchased up to 5M in common stock which diluted the authorized shares recently. Triton Funds to Purchase up to $5M of Brazil Minerals' Common Stock
They also have a lithium foot print and 60% ownership, holdings in Apollo Resources Corporation. Does anyone know why it is trading so low even with a an institution interest?
Posted on 4/6/21 at 4:23 pm to civilag08
I’d jump in now as the price point is really good, but I’m biased as I’m down with the stock overall. Supposedly they are going to start digging this year and will get to mining 2-4 to 2025.
This post was edited on 4/6/21 at 4:24 pm
Posted on 4/6/21 at 6:19 pm to Richleau
I did jump in at around 0.017, 50K shares.
Posted on 4/22/21 at 2:59 pm to civilag08
Popped today. up over 60%
Posted on 4/22/21 at 3:09 pm to Honkus
I am not sure if it was this tweet that caused that massive spike?
Lithium Team discovered 3 new large pegmatites
A lot of this stuff surprises me, having the big moves, when a lot of this was known months ago. It's funny how less people care about the hundreds of million dollars of iron 7 to 12 million tons or billion plus dollars of quartzite, like only the lithium is going to profitable?
Lithium Team discovered 3 new large pegmatites
A lot of this stuff surprises me, having the big moves, when a lot of this was known months ago. It's funny how less people care about the hundreds of million dollars of iron 7 to 12 million tons or billion plus dollars of quartzite, like only the lithium is going to profitable?
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