RE:THE ART OF PROMOTING MINING PROJECTSThe most important rule to remember is;
Rule No 19
Never forget that of the object of the company is to raise money for the benefit of the directors.
Raising and spending other peoples money searching or pretending to seriously search the hinterland for some elusive mineral deposit. which hundreds before them somehow overlooked, is how they make their living.
Whether or not it ever comes to a fruitful conclusion is secondary. Stretched the process out is tantamount to job security.
Just look at how long Copper Fox has promoted Shaft Creek with the same CEO. . More than a decade and still not finished. While loyal retail share holders considering themselves strong hands are still holding the bag at under 10 cents. Some riding it all the way down from $2.70 believing they would eventually receive a greater payout. Even though their investment in shaft creek was reduced to 25% of the project. down from 100% before Teck excersized it's back in rights.
Should copper fox institute 2 or 3 consecutive rollbacks of 1 for 5 with no odd lots. it would all but eliminate most of the retail participants.
The most Money is made in the venture market by trading not considering 9o % of listed securities as a long term investment. Golden Dawn was in production under Merritt mining but could not profitably sustain it's self. Hope fully Chris Anderson will drive interest and price to where most can exit with a profit.
I have bought and sold this at least 4 or five times over the years. I would thing it;s getting near an entry point again. they have stated it will take close to a year yet to get everything back in order. Permitting, Finances , Refurbishing to be ready for production.
In that periodone has to watch for a possible economic Bear Market.to ensue. The present Bull run is the longest in history and very long in the tooth. I would suggest, If the Bear does rear its head , There is little chance this company will start in the time frame expected or forecast.
Every one wishes to make a profit. But when it comes to investing, profits are only real after they are taken off the table. .