Post by
panda14 on Sep 18, 2020 10:11am
Profits Coming
With high price of gold this is like owning a bank just have to get the money out. The vlaue is in the ground the asset is there. Mine more profitable now with price of gold al most double what it was before the mine planning began. Should go to a dollar s soon as production starts in a few weeks.
Comment by
alank1 on Sep 18, 2020 2:15pm
it will depend of the type of financing they get, if management do the things right they should find a streaming accord and sell future production taking notice the high prices right now or a loan, hope we don't get raped with dilution at this ridicously share price.
Comment by
Traderfan on Sep 18, 2020 4:48pm
The good thing is that my expectations are below low on anything this management team will come up with. That said I do agree with that other guy that if we get a couple of these progress steps done in the next few weeks and months a buck should be in there as long as Gold doesn't dive but then again it's Gowest. We will see.
Comment by
xoleSudsburian0 on Sep 19, 2020 11:56am
"next few weeks and months a buck should be in there" ... or alternatively the ole 10 cents.
Comment by
JMark80 on Sep 21, 2020 9:53am
Hopefully, but market doesn't seem convinced. Nice to see some support, but need to see ask volume. Hard to believe the volume is so low.
Comment by
tubgirlkid on Sep 21, 2020 11:15am
ok, I put up some ask volume and dropped the s/p .. anymore up and I could single handedly drop this to .15
Comment by
JMark80 on Sep 21, 2020 12:52pm
Ha, I doubt it. Ask volume is when trades are conducted at ask, not bid.
Comment by
JMark80 on Sep 21, 2020 2:30pm
Now I'm curious, could anybody post L2? Thx
Comment by
JMark80 on Sep 22, 2020 3:10pm
Nice to see some support at .34, hopefully tubgirlkid doesn't take us down to .15 ;)
Comment by
Traderfan on Sep 23, 2020 8:05am
Looks like they are waiting to announce something good until Gold is back below 1500. It's just unreal.
Comment by
JMark80 on Sep 23, 2020 10:28am
Ha, it is. Not that comfortable with the lack of volume this far along, have a feeling capital structure is going to get destroyed by Romain. I don't get it, a month ago it would have been easy to finance.
Comment by
Traderfan on Sep 23, 2020 11:38am
It is just absolutely killing me. I mean we have the fortune to see Gold going to 2000 bucks and these morons can't put out a single tangible good news while they had years to get something done. It's unfrigginbelievable.
Comment by
Traderfan on Sep 23, 2020 4:07pm
That all sounds nice in theory but the problem is we are never going beyond any theory. Not on a single thing so far. Heck it will probably take another 2 months before we see all the permits if we ever get them. If this thing ever goes back above 50 cents I consider it a gods gift and will happily walk away at least with the majority of shares I have.
Comment by
babyofbullion on Sep 24, 2020 12:28am
Will all the negativity here I am reminded of Ian Cassel, king of micro app investing when he says... "One of the hardest parts of investing is holding onto a successful turnaround story as it transitions from a deep value/value multiple (valuing the balance sheet) to growth multiple (valuing future earnings growth). This is also where the real money is made."
Comment by
JMark80 on Sep 23, 2020 5:16pm
I didn't say they passed, but it was easier to fund when gold was surging 1-2 months back and there was FOMO. Look at other projects that have had money pour in. Not here though. Now it looks like it could retest low $1700s. Aren't you pretty old? Volume preceeds news - this volume is anemic. No cross trades, nothing. Tempted to run this up myself, exit, then short.
Comment by
JMark80 on Sep 23, 2020 5:19pm
They had the wrong support (Chinese group). Needed tutes in low to support, run up, then finance. Romain doesn't know much about running a public company or creating shareholder value at all. Sad to hear some of you have been involved with this company for decades!