St Augustine Gold and Copper Ltd T.SAU

Behaviour

[shawshank2]

Why is the volume way more than usual and why hasn't it had a huge dump as the ban staying should have been enough to bring it down sub 5c easy

[RealityCheck123]

There are 797 million total shares.  It dropped 13.33% today on a volume of 1.255 million shares.  Insiders control ~590 million shares.  What do you think.

[rapid_fire_]

This post has been removed in accordance with Community Policy

[RealityCheck123]

There you go.  Shareholders who are not insiders, family or friends are screwed.  There will be no mine anytime soon irrespective of government mine regulation. 

[singlefile]

I mentioned this in an earlier post (my guess) - they (insider / family friends etc) don;t want to initiate a trading halt .. slow burn . 5 cents by friday...

[singlefile]

we're at 6.5 from 12 .... .. not good.

[Robert1]

So in January, before Duterte did a complete 180 and lifted the 9 yr new permit ban, this went to 20 cents on no news.   I'm guessing b/c of the surging copper prices as this has always moved with copper which is still above $4.    So now, with the PH in desperate need of new income and with Duterte's mining positive turnaround above we are at 6.5.   Remember,

[shawshank2]

Your the smart one for selling the run-up. Twice I held because I believed this would go ahead. Instead of a big profit I took a loss. Always lick in profit with penny stocks. Lesson I've learned the hard way

[Robert1]

Ha, no.  Sold a lot but kept a lot too, so not so smart.   If we get a firm no on Monday, could easily have a quick dump to 5 c or maybe lower before bouncing.    I'll get some more then as the risk/reward is then worth it for a later "surprise" turnaround.  What I still can't understand is after a week we have no other news at all.  And if

[singlefile]

Yes - it looks like they threw the protesters a bone (recent link below) with the open pit ban extended - to keep them at bay on the others that opened ... the church is the one making all the noise here google "phillipine mining diocese" and see all the news on this topic ..keep in mind 85 % of PH are practising catholics and have a huge sway at election time ..

[HugeBullRunner]

This post has been removed in accordance with Community Policy