RE:RE:The stock is a penny-flip specialAlfTanner wrote: The stock does nothing when zinc rallies, yet there are still fools out there who are dead set against a reverse split. I warned you that the 800 million shares would weigh down the stock and that serious investors with reall money would not touch a stock with a joke of a stock price.
Those buybacks have also been a waste of money. Last year the company was telling us that they needed to spend $75 million per year to develop their mines. Now all the development is on hold, and they are spending money on shares instead. The management is clueless.
We will soon find out once again that Caribou is a money pit. When are they going to close down that loser mine? Without Caribou, this company would actually have a shot at a decent mining cost.
makes perfect sense! Buybacks? Reverse split? Mgt over compensation! Black holes! It doesnt matter! Its 10 cents!