GREY:MCOUF - Post by User
Comment by
Sparkletoothon Jul 13, 2011 3:56pm
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Post# 18827903
RE: RE: RE: MAM Scam
RE: RE: RE: MAM ScamThis is looking like a trading opportunity, again...only 18 million shares out at .145 cents
All mining explorco's are highly speculative and need to be traded, or avoided - they are definitely not investments. All common stocks are risky: remember Nortel? or Oilexco? - just takes one like that to ruin a portfolio. If you insist on buying and holding a deal like this one after they fail to discover whatever it is they were looking for, then look out below.
I believe this company started as a genuine attempt to apply the Sudbury Basin model to the Manicouagan Crater. Problem is, if they were right about that (and they still might be, you can't prove a negative on something like that, you can't prove it isn't there by drilling unless you drill a ridiculous number of holes)...anyway, it seems if the goods are there at Manicouagan Crater, they're too deep underground.
Rollbacks are part of the game here.
Doesn't mean you were scammed. I think management here are straight shooters.