RE: Not gaining much ground...Here is the story.
In order to prosper as a gold junior you have to have gold. Search gold has no gold. They pumped the hell of this stock a few years ago and made a fortune. They manipulated the news releases to make it look like they they were sitting on bonanza grade gold and in the end the drill results proved nothing. That is why this stock has tanked to under
.05/share.
They used wording like "spectacular" and "visible gold", they updated us frequently as to what they were doing. They sounded like the total package. They even bought a few shares to make it look like insiders were buying to lead us on.
I am willing to bet my left nut someone close to the company made some $$$. Friends, family, co-workers, friends of friends ect. In the end it was the average share holder that got screwed.
Kinda funny looking at the volume. We have had no volume then all of a sudden a million shares traded the other day. Why would anyone even consider buying into this crap with there track record. Anyone willing to buy that much has to know something. Who knows, maybe these clowns do this themselves to try and get the volume moving.
They are drilling this month. Who cares. Anyone can drill a hole. It's what this hole has that really counts. I am also thinking that Search Gold bought into this joint venture to make it look like they are trying. I would love to know how much work "Search Gold" is actually doing on this property. To me it appears they have paid just enough to manipulate the news and put their name on it.
People, these are my opinions which I am more than entitled to.
"Long Term Bagholder"