RE:RE:So much for support.This stock has increased and then retraced at least several times in the last two months.
As a penny stock on days of short volume the price is increased as someone agressively clears the asks only to attract attention and then starts the process of unloading shares. Nothing unusual happens in a lot of penny stocks.
Cheering for financing is a bit of a head scratcher. The market doesn't see the 50 billion market cap projected by some on this board. They see a collection of properties and now defunct mine purchased at a very low price. Hence, the pay day loan type interest and penalties loan. In my opinion companies that need these loans are usually not viable companies or lack assets.
What happened to the feasibility that was pending soon after the PEA where deadlines have come and gone since 2020!
What happened to the narrative that the feasibility will derisk the purchase of the company by strategic investors and that was necessary to move forward?
What about all that speculation that if no feasibilty in December that this stock is dead in the water.
Posters here and on other boards announced they would be selling the stock if no feasibility by December.
EndZonefor7 wrote: Definitely feels like an extension apapas. Disapointing after a solid run that once again couldn't hold and find some new support levels. I wouldn't want a large financing at this sh*tty price.