Rick Ackerman writes about Idaho North Resources
$ IDAH – Idaho North Resources (Last:0.1600)
November 5, 2014 12:01 am GMT
Idaho North [OTC symbol: IDAH] offers investors a potentially lucrative synergy between two very successful entrepreneurs. CEO Mark Fralich started out as a reporter with the Associated Press News Service but went on to co-found Spoval Fiber Optics before moving into the exploration business with Mines Management, Consolidated Goldfields Corp. and some other natural resource companies. Like most executives in the exploration business, he is an aggressive risk-taker. But he is also an astute bettor, perhaps never moreso than in his choice of Thomas Callicrate to head up his technical team.
Callicrate is bottled lightning, a geologist who may know more about ore deposits in Nevada than anyone else in the world. I counted no fewer than 250 file cabinets in the barn-size work buildings that surround Callicrate’s spectacular home in Carson City. He seems to have committed every geological map in those cabinets to memory, and he can tell you exactly where each and every rock came from in the massive stone fireplace that dominates his living room and in his beautifully landscaped gardens. The fact that he chose to affiliate with IDAHattests to his confidence in Fralich’s ability to exploit to-the-max whatever ore deposits the company is able to find.
From a technical standpoint, the company’s shares have not traded for long enough to offer a sound basis for prediction. The stock has fluctuated between 0.08 and 0.24 since being OTC-listed in November 2013. That said, it would be no worse than an even bet to hit 0.3000 a share, nearly double its current price, if it can push past the red line at 0.2150. That’s a Hidden Pivot midpoint resistance, and it will remain valid as a minimum upside target for the near term unless the stock falls below 0.1300 first.
For news concerning two separate option agreements that IDAH recently signed, click here for the Green Monster property in Nye County, and here for Coeur Mining’s Klondyke properties.
This is not a solicitation to purchase or sell this stock.
You are wrong, but your mind seems to be made up.
Okay, best of luck.
By the way, what was your opinion after you visited the asset and talked with Tom?
Just curious as I am hoping that I can learn something from your personal due diligence.
Thanks man!
Al, you are absolutely right that JJ is wrong! This very narrow-minded guy can’t grasp any approach but his own let alone acknowledge that other approaches actually work!
I bet Al, Cory, Doc and Rick all own shares in this company, oh they like to cover their A** with this is not investment advice but why bother highlighting the company?
No Al I’ve never met Tom and I’m sure he is one of the nicest guys on the planet and that sure makes any investment worthwhile a key DD point, not! ….
I did my DD this is a highly spec jr trade at a time the whole jr sector is in a very dangerous time, as GARY Savage so perfectly warned about, but he’s just a moron like me ah Matt
So its such a great investment that Fri while gold swings upwards some $40+ this stock trades ONLY 700 shares at .18 a whopping $126 worth of turn over…its pure insanity to suggest anyone put a penny into this company as in Aug it went 2 full weeks with NO trades, none!!
Sorry Matthew you’ve mistaken me for someone who cares about what you think, I don’t, never have and never will….you belong here with all the other goldbug pumpers!
This isn’t about Idaho North Resources (which I do not own), this is about one incredibly ignorant comment made by you: “Holly Sh!T….are you guys serious!! suggesting a company that sometimes goes days without a single trade as a possible investment, WTF….”
I have made huge gains by buying companies that nobody else will touch for days or even weeks at a time. Bitching lowlifes like you can’t change that.
“Holly” shit… LOL…………………..
There are a lot of things to consider, as you are aware Matthew, other that daily trading volume.
And, by the way, as I announced before I bought the stock – I am a shareholder and quite frankly a happy shareholder!
Btw, do you know how many times you’ve said “bye-bye” only to return? You and a few other goofy characters love to threaten to leave like a bunch of 12-year-old girls just hoping someone will say “no, no, please don’t!” Post or don’t post but try shutting TFU in between, would you?
Common jj,
Be nice.
And, for the record again, we give three days notice before we buy or sell a stock in addition to stating that what we are saying is not investment advice.
How much more do you want, my friend?
Be nice, lol Al I know you think highly of Gary Savage and John Kaiser probably the best jr sector analyst, so give Kaiser a listen Al…he agrees with Gary’s warning and of mine.
So with one of the biggest 1 day gold pops in a very long time this company you highlighted has NO following as it traded 700 shares, how can one even buy a position and more importantly how can one EXIT a position when the street is clearly not behind this company.
Al I could careless if you gave a weeks notice of your actions who cares, its has nothing to do with that and everything to do with promoting a very dangerous investment AT THIS TIME.
I could careless what anyone here thinks of me, but go ahead and tell everyone here that you have no respect for Gary and John’s opinion…..I just happen to agree with them so I can be the bad guy, whatever!
http://talkdigitalnetwork.com/2014/11/this-week-in-money-161/
Kaiser must be following Armstrong because now John see’s what unfolding vs a closed eye approach, I give him a big Well Done! as at least he see’s whats REALLY going on
LOL, looks like it doesn’t matter if gold trades up OR down $40 this company has NO volume as in NO shares traded again today.
$%$#@!!@!!
Obviously unfamiliar with my technical calls. Give me three trades a month, and I can still hit the bullseye, or at least get inside the “eight ring,” with a forecast.
As I’ve mentioned many times and noticed for years, your precision calls are routinely unbelievable, Rick.
Rick,
Your 1137.5 pivot has been violated
Yes, and that pisses me off, since I don’t like Mr Market to play with my head. The $30 rally off this fake-out low suggests the pivot is still important — and intact, if not unsullied.
Wow Al, I just looked across at your sponsor list, in the last year to two years the average company is down 85% to 50% to 30% the only winner is Snipp….yup fundamentals and a long term investing approach is really paying off….OUCH!
I’d say with those type of returns or basically losing the majority of your investment you should not be suggesting ANYTHING as an investment….which of course your not your just highlighting these very spec super risky investments which is not my opinion its obviously the streets opinion as price is everything!
Holly Sh!T….are you guys serious!! suggesting a company that sometimes goes days without a single trade as a possible investment, WTF….have a look around boys this space is the walking dead super spec jr’s and its not even listed on a decent index.
Well bye-bye KOR I don’t ever want to have anything to do with this web-site again, insanity!!!