RE:Warning signsYou of course could be right, but I don't believe so. Both Mirasol under its share buy buyback scheme continue to mop up stock along with the company insiders. In fact I've not come across another venture play with such prolific insider buys before and a share buyback scheme for a venture stock is pretty unique. With most venture stocks you prey not to be diluted into oblivion! https://stockhouse.com/companies/insiders?symbol=v.mrz
I agree it is dissapointing that we have dropped from 60c to 50c in the last few weeks but this remains an un promoted and very much off the radar stock with diminimus traded volume, yesterdays swing of 12% was on roughly C$30k value traded on the venture! https://stockhouse.com/companies/history?symbol=v.mrz
Will the drill bit deliver on Inca in particular and all the other ongoing projects that they have accumilated, no idea, but what I do know is that it ran from roughly 10c to C$7 last time they did hit significant paydirt............. and that was preceded by a fall prior.
I've been investing in miners for decades. The least downside risk compared with greatest upside reward is obviously key because exploration is so hit and miss. Anyway, fingers crossed, the anticipated newsflow coming in over all the projects in the next 6-12 months will determine the market cap direction. Currently just C$27m, debt free with roughly C$13m in cash reserves.
I'm very optimistic on Mirasol, that doesn't mean that I am correct so caveat emptor etc.
