Peruvian Metals Corp V.PER

Alternate Symbol(s): DUVNF

Metals & Mining Industrial Metals & Minerals

Peruvian Metals Corp. is a Canadian exploration and mineral processing company. The Company is engaged in mineral processing and the exploration and development of mineral properties in Peru. It focuses on acquiring and developing precious and base metal properties in Peru. The Company's projects include Palta Dorada Au-Ag-Cu property, Minas Maria Norte property, Minas Vizca, and Minas Yanayco property. The Palta Dorada Au-Ag-Cu property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 2250 hectares. The Minas Maria Norte property is located in Southern Peru in the historic Huachocolpa Mining district, which covers an area of approximately 368 hectares and covers numerous previously exploited Au-Ag-Zn-Pb veins. The Minas Vizca covers an area of approximately 100 hectares. It also owns 50% interest in San Maurizo Mines Inc. (San Maurizo), which focuses on developing the Mercedes gold-silver lead-zinc-copper property.

TSXV:PER - Post by User

Peruvian Metals Corp

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Comment by GDXJon Mar 21, 2016 6:24pm

74 Views

Post# 24685558

RE:RE:Is DRV Halted?

If they roll back 1:7 that would be around 33 million shares and if the stock price stays the same as it is today at 2 cents, the stock would then be 14-15 cents.

With a 1.5 bid today, selling a 2 cent stock you would be loosing 25% if you paid 2 cents.

However if there is a roll back and the stock is reset to say 15 cents and the bid of 1.5 cents goes up accordingly, that would be a 10 cent bid vs a 15 cent ask. If you sold your shares out then you would take a 30% lose.

With over 200 million shares now and no trading volume like today, what's going to happen when there is only 33 million shares? Investments like this stock are only good if you can sell and if there is a good bid ask ratio. I think what will happen is that there will be a huge differential between the bid and the ask and lack of volume. The company needs a promoter probably more than anything.

The other problem I see down the road is that insiders can give themselves 5 cent options or get 10 cent financing or something lsilly like that and start the dillusion all over again.

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