Re: RTQ 0.11$!!!
in response to
by
posted on
Jun 19, 2008 05:14AM
Edit this title from the Fast Facts Section
Well yesterday we have lot of buying pressure in 0.11$, 490k shares traded, most of them buyed in 0.11$! I think that after this wall there is not so many resistance, somebody that is trading with PERT(Pershing LLC) has lot of shares to sale but not for a long time and then everything is possible, we can double very fast.
This is from another forums:
I see a breakout coming,,speculators looking for action we could easily get a 50-100% move on heavy volume and once it gets on the traders radar 25 cents will be here very soon i'm looking to buy more today
Ya, for the quarter ending March 31 Platina had 58K of revenue. This is the last quarter (from what I can tell) of mediocre revenue. the next quarter ending June 30 should be 3 or 4 times higher than that, maybe even more. The stock should go way up once this happens.
Let see what kind of goals was at the beginning of the year and where are we now:
1.
Our field developmental growth has outpaced our financial reporting reflection and it will take several quarters to catch up and provide a clear picture of the results. This includes certain internal milestones that will allow different accounting rules to apply, according to SEC stipulations, once we have changed from a designation as a "developmental" company category to a "production " company category.
2.
First, those who do not properly investigate Platina’s holdings; they simply review our filed financial statements and do not get a clear picture of the Company’s true reserve worth. In terms of both new production coming on line that further validates reserve holdings, and net oil and gas assets as they exist, the Company could argue an appraised share value based on the net recoverable reserves alone in the $3-5 range.
3.
With an aggressive growth campaign for the balance of 2008, we hope to hit several milestones including the potential application to the AMEX and full reporting status on the Frankfurt Exchange . Although management is a relatively lean commodity for Platina as compared to our estimated commodity reserve base, we have local support operations in each active field location. Our Kentucky prospect is now operationally profitable as of February 2008. Tennessee now has four new wells that we have drilled, of which two are producing natural gas at higher levels than forecasted. The other two are currently being completed and expected to be in production over the next couple of months while more wells will be drilled on the field.
4.
Our Young County prospect is undergoing a new 2008 rework program and we are negotiating with another Company for new technology for increasing current production from the existing wells. This field last quarter allowed us to deliver our first meaningful revenues from operations—approximately $50,000.00 . Although this is not a large revenue amount, our strategy and business model is to build a reserve based Company as opposed to a cash flow only Company. We believe this business model creates the best shareholder value for the capital invested. There are many examples of Companies that have used this strategy successfully and cashed out by selling reserves for very attractive profits as opposed to lower multiples for oil and gas companies that are solely cash flow driven.
If you read goals you will see that 1st and 4th goals are already done:
Expected cash flow from the Kentucky field alone will exceed $100,000 per month by the end of June/beginning of July and is projected to exceed $300,000 per month by summer's end.
And 3rd goal will be done hopefully until the end of the year and sp with 3$ to 5$, why not? Look just to stocks like KYUS:
http://finance.yahoo.com/q?s=KYUS.OB
or even better MCKE:
http://finance.yahoo.com/q?s=MCKE.OB
Hopefully breakout soon, we expect 10KSB-Filing and news from Kentucky and Wyoming.
Time to buy...