TSXV:PEM.P - Post by User
Post by
prospector7on Mar 09, 2013 11:20am
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Post# 21104492
As a Prospector
As a Prospector You learn many things, especially since being in this game since 1963 and sitting on a Board of Directors of a Junior in the hay day. As an investor I wanted to learn more about trading, so I listened to Coffintrader because he is a smart investor. The Juniors are 99% pump, they have been that way since the up start, promo promo promo number 1 period/ I have told stroies about how when we would come out of the bush after working on claims for 6 months we would read the reports and look at each other, we never did that on those claims, it is written in a way to make things look rosy. My family lost many $ on PEM, I don't complain about it because I'm the one that did the buying with the results on paper. In fact I'm right out of the market period for many months now. I should have woken up totally when Mike quit answering the phone. He has been gone from PEM for over a year now, because of no $$ what does that say and the last bit of $ went to paying past bills not drilling. Juniors get all their momentum from drillimg. So add up the fees for claims managment lawyers drillers and the fact that you have 143000000 shares outstanding and that you need the share price to be at .05 cents a share to raise a PP. Yes I was a Coffintrader fan in the day because he says it like it is when a Junior goes up and you are making $$ sell sell sell, don't get married to a stock especially a junior. Just an old mans opinon that has seen it all for many years in this GAME. oh yeah no big investor in PEM they all flew the COOP, check the grades folks. In the Junior game you buy companies that have around 50.000,000 shares play them untill they have around 80,000,00 this is where all the big boys have gone with our $, Coffintrader was just trying to tell us that. Peace and Love Prospector 7