RE:RE:RE:Diluting the heck out of it real fastAuntiePenny wrote: Bitgold wrote: MrBigger wrote: See you at $2.
You're probably right and should invest in a junior mining company that has $700 thousands dollars and only 200 millions shares on the market. Never know, if they find the right spot, they will issue another 500 millions to build the plant and in 5 to 7 years you will gain some good profit.
No comparison. XAU mgmnt isn't hoping to get lucky. They're making a reality step by step. Mining company mgmnts are in it to sell shares 3 cents higher than they bought them. These kids are already up many millions and are showing no signs of cashing in. All the skepticism re XAU is the result of brilliant young guys with a New York mentality making their play on a junior board infested with cynical penny players. They will move XAU up to a bigger board before they really start promoting their project.
I'll be dead before XAU goes on Nasdaq. They might qualify for the Grey Market or Pink Sheets where all the Pump-and-Dump companies perpetuate frauds. I'm not saying XAU is a Ponzi scheme as alleged as I totally believe they are legit and all KOSHER. But, XAU is selling you a "patch of blue sky" and the business model is haywire. They will never make any money and will bleed cash forever. Bitgold was first launched in 2004 and never got off the ground in 10 years.