Post by
davidmb4 on Oct 12, 2022 9:33am
Sorry but I don’t see how this recovers
No news. No updates. No XRF. No interest here.
stock price will continue to fall.
I just don't see any buyers to move this back to $0.80 or higher.
It was a fun trip but now I think it will get very bumpy.
JMO.
Comment by
Rm90090 on Oct 12, 2022 11:55am
It comes down to the assay results. They could drop tomorrow, or they could be next month. If they are good this takes off, if not, it drops. It's musical chairs. Anyone saying anything other then this, I suspect of trying to manipulate retail investors so they can trade it.
Comment by
davidmb4 on Oct 12, 2022 11:59am
RR is correct about why not releasing any XRF data. I don't get what Scott is up to. Also why chance it's by doing a financing after the results are released. they might not have this opportunity again. is he that confident? I don't get it.
Comment by
Rm90090 on Oct 12, 2022 12:40pm
If they beleive in what they have, then it makes sense to wait until the sp is higher (after assays) to raise money. In the meantime, they released warrants which gives them funds until the assays come. Like many companies, they are waiting on the labs for results. Doesn't seem very complicated or unusual.
Comment by
davidmb4 on Oct 12, 2022 2:10pm
Clearly the market does not believe they have Pentlandite. I think Scott is in over his head. he should have done a financing while the iron was hot. Now the stock is red everyday. No buyers. Lots of sellers. I think it finds support at $0.55. unreal.