RE:RE:RE:Fosterville=MooseheadHi stockpicks
The next financing will not be at $0.03. There will be share consolidation prior to the next one unless there is a major change in circumstances here. You would not be able to get investors at that price considering how large the float would become. The existing shareholders have to pay the piper by consolidation of atl least one for five, then a PP to new investors at $0.20 to $0.25 with float reduced. Then you market the Fleurs property and the cycle repeats.
Keep in mind the Swan Zone was very deep at Fosterville and we have little to no idea where the heck it is or even exists at Moosehead after six years of drilling. I am not holding my breath on that. I was hoping for some type of run up on maybe an extraordinary drill hole in a new zone to get us up to $0.15 or a bit more maybe to unload shares. LOL. Anything else is hoping and that is not a reason to be invested. I am staying only for one reason. Not worth it for me to unload hundreds of thousands of shares at these low prices when I can just leave it and maybe get lucky. Its not a huge amount of dollars.
I honestly am enjoying the blue chip markets a lot and I am 85% in US equities. I would remind many that by buying quality ETFs and then the best blue chips and holding you can get very lucky on some of your plays. I am on a 13X on Nividia bought in March 2020. Also multi-baggers on Broadcom and Elly Lilly. I have spent a lot of time understanding AI, GPUs and NVDA's moat. It is now my largest holding. I urge many of you to not waste to much time in this ridiculous junior mining non sense since there is so much manipulation. The naked shorting is really hurting since companies are then forced to do PPs at much lower prices, increasing dillution, having to raise again at a lower price faster than they otherwise would have to. These markets are never coming back to the old days since there are too many other alternatives like gold ETFs, cyrpto ETFs etc.
Look at Newfoundgold which tradews at just $5 CAD despite gold at an all time high and all they drilling they have done. Most of the big boys when they do arrive to invest are in and out quickly. They know having money invested at the bottom is dead money and better to jump in when a company has proven something even for a short amount of time for a quck buck.
GLTA
BC