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Corazon Mining Ltd T.CZN


Primary Symbol: CRZNF

Corazon Mining Limited is an Australia-based mineral resource and exploration company. The Company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulfide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel Sulfide projects (Miriam) in Australia. The Lynn Lake Nickel-Copper-Cobalt Sulfide Project is a significant Class-1 nickel resource. The Mt Gilmore Project is located 35 kilometers from the city of Grafton in north-eastern New South Wales. The Company owns an 80% interest in Mt Gilmore. Mt Gilmore is focused on multiple rare, cobalt-rich sulfide deposits, similar to Cobalt Ridge. The Miriam comprises five Prospecting License applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 kilometers south-southwest of Coolgardie on an ultramafic trend, which hosts Auroch Minerals’ Miriam and Nepean Nickel Deposits.


OTCPK:CRZNF - Post by User

Bullboard Posts
Post by cupricityon Feb 28, 2014 11:22am
246 Views
Post# 22264198

Walking the price down

Walking the price down2 million shares @ 52 cents is 1.04 million dollars.  1.3 million shares later price is 20% lower for a net loss of 4.5 cents a share or $90,000.00
   Value of CZN is reduced 20% or roughly 15 million.  Takeover bid- spend 90,000, reduce price by 15 million.
   Tell me for one second if that isn't true.  Remember, all the weak minded day traders, and leveraged investors who sit chewing their nails on the day to day SP changes will help with the cascade of share price.
  Meanwhile the sharks are out.  Numbers don't lie, but value on the venture is severely distorted right now and some not very nice investors want to deploy over large sums of money WITHOUT driving up the price.  Very difficult challenge, and not one to play nice by.
   The best news is that once they are in they no longer manipulate down, the manipulate up.
   It's the oldest problem in the book.  If I remember the most important thing I got out of "Reminiscences of a Stock Operator" was that he knew when the price was going to change, but he couldn't win because his buying or selling would eliminate his advantage.  IE The money that wants to be deployed to this sector is waiting with baited breath as it doesn't want to swell the market, and it knows that there is PPs and money hungry teams that are desperate for cash...
   Hold tight.  Don't be shaken off the tree.
Bullboard Posts