Comments - Alot of Rookie Investors Todays observation is that there are alot of new/rookie investors on this website. The hint was that they are talkin about stock "manipulation". Two questions always arise - for me - when I see people talking about stock manipulation on a 6M market cap company (6m in TINY).
1> Why manipulate? On a good day, this stock trades $10k in value. Simply put, the volume/value does not exist to make it worthwhile to manipaulate a stock price by buying and selling on a daily basis.
2> Who is manipulating? Which magical force is manipulating this stock by .005 of a cent? How many shares are these "dark" forces buying and selling daily to keep it in this imaginary range in peoples minds.
The stock price is not giong to the level people "expect" becasue people have terrible expectations about the ultimate value of this stock. 2% of a remote deposit with no infrastructure is worth....what? Wel it is probably worth $0 at the end of the day. Or maybe it is worth 2% of the $10M the partner is spending on it ($200,000) plus cash in bank ($600k). Regardless, everyone will come up with their own value.
For many nubies, your estimated value is likely higher than the market cap of $6M. To these nubies, I woudl ask them how much experience they have valuing junior mining companies like this. ONce you get their answer, I think yuo will find that the current valuation is not too far off the mark.
The current value of this company is probably low. I can see this going to $.09 on good drill results. It will fall back over the newless winter. This is a neat deposit; its location makes it a fringe exploration prospect.
This stock will never hit $1; it will never hit $.50; I woudl be shocked to see it at $.25 ($50m market cap). Proper expectations are the name of the game when investing in jr mining companies.