Mega Precious Metals Inc MPRXF

RE: RE: RE: Financing

[hrattle]

...but these spikes have been always the result of NIA promoting the stock in the past several months.


Let's look at the facts for the last two spikes (14 July and 15 August) and now:
1. MGP issued an NR on 12 July - the priced spiked to 75 cents from 43.5 cents (a rise of 72%) trading 6 million shares in 5 days (3 days before the NR and 2 days after)
2. MGP issued an NR on 11 August - the price spiked to 90 cents from 59 cents (a rise of 53%) trading 5 million shares in 10 days (6 days before the NR and 4 days after)
3. MGP has issued nothing - the price has risen to 61 cents from 42 cents (a rise of 45%) trading 1 million shares over 4 days
Two conclusions come from this:
1. Claiming this is NIA promotion is "putting the cart before the horse" - if NIA is promoting it is because of news i.e. news drives the price spikes and NIA promotion.
2. Today's price spike could be news based but unless we hear something very soon then something else is going on, in addition, 1 million shares is very suspicious volume to drive this 45% when previously it took 5 to 6 times this volume.
I don't know what the answer is but I do know when I see posts that are not supported by evidence. I am long MGP and would like to make money here but I'm not going to stick my head in the sand and pretend something strange couldn't be going on.