RE: thought i was throwing money away.. Normally a triple in such a short time frame should be sold....... to realize the profit and so you will not be kicking yourself if it went back down to where you bought it. However in this situation the valuation just got insanely cheap.... 2.4 billion dollars in known metal in the ground for 1 cents a share ? A 3 million dollar market cap for the entire resource ?????
Absolutely out of control naked short selling by the Canadian trading houses can be blamed for this. Remember that when abolishing the practice of naked short selling was attempted to be enforced by the Finance committee Dodd/Frank rules it was overturned by big Goldman Sachs lobby money. The reason is that it is so useful to the unholy alliance of Government/Wall Street in that it spanks all Gold Stock investors so well that they cannot establish and credibility or momentum or buying power.
It started out as Government saying to Wall Street over a decade ago - Can you get me re-elected ? Wall Street was happy to comply so they wrote the algo computer routines to do all the rigging and then placed their people in all the decision making positions in government/media/finance - so now the master has become the slave. Wall Street picks our president. Wall Street makes our laws. Wall Street controls our media and now Wall Street points us to war in the middle east.
You can interchange Wall Street with the "Elite", the "Fed" or "The Boyz". They are all one and the same.