YESTERDAY before GENMS NEWS RELEASE I posted this
I noticed that Paladium is around 1000$ an ounce! Paladium is in a BEAR market and so are world stock markets.We are at the brink of WW3. With that said
1)What is the valuation of GENM based upon that realistic number vs the inflated estimates at the companies website presentation?
2) Will the mine if approved cost way more than what is forecast? Labor ,material, transport, energy/
3) Will the company need to raise more funding and dilute shareholders to fund?
SO... see how my question number 3 went over this morning?
Im asking questions when I already know the answers.
NEXT is they drop the prices much lower .
I met Anne Wilson over 30 yrs ago in Toronto
She was with BreakWater Resources.
Under NED GOODMAN ( BILLIONAIRE RESOURCE MOGUL)
NED was a master ...
Ned took the Gold company from under Murray Pezims nose INternational Corona in HEMLO.
Ring a bell?
Anyways.. whats my point
Anne knows what she is doing.
They Pulled the same trick with Breakwater resources.
The shares were trading around 20 to 30 cents
shares dropped to 10 cents even though the mine was turning around low prices in Zinc.
They consolidated the shares , offered more shares
Then Dropped the shares AGAIN.
Share consolidation was 20 for 1
Shares traded at 2$ consolidated
then dropped to $1.50
Insiders bought more and diluted previous share holders.
Insiders gave themselves raises and more free shares via options etc etc.
Shares eventually hit 9$ a share..
you know how many yrs later...LOL
Over 7 or 8 yrs later!
And it happend only in the span of about 6 mnths.
But 9$ divided by 20 pre consolidation means the stock rose from 20 30 cents to 45 cents!
So if you were an lucky original investor you got a gain.
But most people had bought in way higher than 45 cents a decade before.
Dont fall for their games