Post by
dmacd on Mar 22, 2021 2:05pm
Classic Manipulation of SP
In the past 2 months, less than 1M shares traded hands to drive the SP down while funds are being raised. Manipulation of capitulation ... not sure but I suspect the former. I have done substantial due diligence and recently added to my position. Risk is there but so is 50 to 200x potential share upside. The PEA for MgO is fir a fraction of the deposit. This is a world class play selling for a penny on the value. We must need Eric Sprott or Osisko or another big money player to enter the green MgO space. Low risk ... easy development ... high returns. Should be a no brainer for anyone with a mining background to see WHY as the real deal. 100x should make shareholders who keep the faith happy. I understand the loan issue. The shareholders could be less exposed but the loan kept the company afloat with minimal dilution. The bigger risk is that manipulators cast doubt and prevent an effective capital raise since we need cash inflow to make things move forward. It will happen and those who invest now will be well rewarded. Perhaps it is time for a different capital raise strategy. Let's see if the current offering closes successfully before second guessing management though.
Comment by
MiningSucks on Mar 22, 2021 2:35pm
Buddy listen. This company has been doing NOTHING for 2 years. I have lost more than half of my money. I have been trying to sell for 6 months and often my order does not complete at the ask price. A company can not keep shareholders if they never give updates on what the company is doing. And 2 years for a permit with mo news.....there is your answer.
Comment by
dmacd on Mar 22, 2021 3:28pm
Well posting negativity is not helping your cause. You are giving someone a gift and hurts the PP needed to sell higher. It will be a shame for you to sell now when things are finally looking up. The missing ingredient is cash. Thd rest will follow my friend. Best wishes.