Post by
galena on Mar 03, 2011 4:45pm
150:1
Todays close equals .03 a share before post.
This price means nothing. this companies stock will most likely drift lower for a long while.
I would wait to buy and hope we have a big market drop and then maybe average down.
Forget what you lost. The price of the share is determined by the amount of interest from the buyers and sellers.
These are penny stocks and you want risk and a quick dollar, the cost can be very high.
Look at Taseko I remember when they discovered the property the share price traded over $16.00/30 years ago
and I blieve we won't see that again even with prosperity on hold.
So for AUA I would wait for a deal to take place the same way Taseko took over Gibralter. Maybe someone will buy it.
I have followed Adanac since 1969 and have been very luckly in not losing.
Its very hard to not become a sheeple.