Was this just a pump and dump?Hoping I didn't get caught up in the excitement while ignoring the fundamentals.
Fact of the matter is this company is dead in the water if the open pit mining ban is not lifted.
What is there on the positive side of the ledger?:
- someone bought 9.9% of the company
- a bunch of politicians are lobbying for the ban to be lifter
- Philippine economy is in rough shape
Hope I didn't invest on a wing and a prayer here...
Remember Biden / Harris campaigned on the legalization of marijuana and are now proposing it only be reclassified - be cautious of politicians.
Now...I'm not selling here but could really use some news.