Post by
oldmanmike on Aug 11, 2023 3:03am
Stock now has a $2 handle.
I last posted back on May 16th and was told I was crazy by sayiny this was a $2 stock (re: Ricolo response).I said gold and silver were moving to $1800 and $20 respectively. Seems that is still in the cards.
Recent comments on stock buybacks are futile. Why buy stock when B warrants can be bought and cancelled by the company. That would releave the company of issuing more stock and provide further dilution. This can be done at a fraction of the cost of a stock buyback.
For those of you who bought B warrants 3 months ago at $1.30, how do you feel now? Given the likelyhood of gold breaking support at $1900 and higher interest rates going forward, B warrants could have a $0.30 handle by October. (14M warrants issued) Cancelled for $5M. This is better than buying 2 million shares back.
I'm not gloatting. I try to be realistic. This is a high risk situation. People! do your risk analysis!!!!!!!!