Toasted has it right.Amazing that these guys can continue to do this without any regulators getting involved. In all my years of investing in this sector, I have never witnessed such news releases that talk about where the stock price has been in the past based on results so far back. That in itself is a clear warning sign. When the company specifically states where the share price3 was in the past, it tells me what they are up to. The president of this company has no background in the industry and their news releases constantly say the same thing over and over without ever adding anything to a resource or making any headway into building a company.
Anyone doing even a little bit of dd can see what these guys do. Options, exercise, drill some holes, promote the heck out of it by calling shareholders and making claims like visible gold in samples even before they go to the lab....then they watch the price go up based on that info going out to lay investors and sell their shares into the highs.....repeat if necessary. Look at the history of trading for this group of insiders and there is a clear pattern.
Be very very careful with this management team. Do you dd..............I would like everyone to make money on their investments, but I hate operators who take people for a ride and never get caught doing it.
I wonder if it is even legal to claim that you have visible gold in the samples before going to assay.....can anyone knowledgeable about this tell me?
Some here may see this as bashing, and to those I challenge you to post anything that is backed up by fact to refute my opinion and that of Toasters as he also sees exactly what this company is up to.
cheers,
vwig.