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Moneta Gold Inc Com MPUCF


Primary Symbol: MEAUF

Moneta Porcupine Mines Inc is a gold exploration company. The firm holds land in the Timmins Gold Camp including a joint venture with Kirkland Lake Gold Corporation. The company's flagship project, covering the Golden Highway and Garrison Gold Projects is located near Timmins and hosts a total indicated resource of 3,967,000 ounces gold contained and a total of 4,399,000 ounces gold inferred. Preliminary economic assessment studies were completed on the Garrison open pit resources and the...


OTCQX:MEAUF - Post by User

Bullboard Posts
Post by thegoldfishon Mar 04, 2014 1:05pm
249 Views
Post# 22278495

Shaving with Occam's razor

Shaving with Occam's razor
In logic, Occam's razor dictates that typically the answer with the fewest number of assumptions is most likely to be true.

Applying the razor to Moneta's stock price, it's been the classic case of selling the news. That's it.

Assuming the stock is being manipulated down by those in the know (to be bought cheaply in the future by them) doesn't explain how those same omnipotent types weren't able to keep a lid on the price before the big announcement. If so, they'd have picked up shares even more cheaply in advance and then been able to sell on a big one-day explosion.

Also, I'm reluctant to assume that the company is deliberately managing news flow to keep would-be competitors for land purchases in the dark. It seems Moneta has a large enough land package already. Just develop it.

One more point, if this were the bargain of the ages, and big companies knew that, as has been suggested, they'd be lined up buying now, with the price down. Witness other ongoing takeout attempts.

I didn't sell -- wish I had -- and now await further good drill holes. I think if the stock begins in the future to rise mysteriously for no apparent reason, I'll be buying to align myself with the all-knowing who reaped a big reward the past week.

Until then, the question continues to be, how low will it go?
Bullboard Posts