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Bullboard - Stock Discussion Forum Cipher Resources Inc DREXF

"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."

GREY:DREXF - Post Discussion

Cipher Resources Inc > im still confused
View:
Post by JonnyRbuck12 on Jan 29, 2009 4:22pm

im still confused

Why has Anonymous bought over 1 millon shares of dorex in the last month, and the stock has not had one negative day in 2 weeks. Now for s junior that has no money, had no news for over 6 months im sure wondering what anonymous know that we dont. From 1-2 cents now to 12 cents it was a great flip, but who ever knew it would happen? Question is, what kind of news will come out of it in the next little bit that would make these few people load up on shares?

Right now I see them playing the game as well. The stock price is 12 cents, so they put a stink bid at 8-9 cents, they get a few sellers at the bid, then all the guys that put a limit order at 10 and 11 cents they gobble them up before the day is over and the stock goes back to 12 cents? Dont believe me look at the last few days, LOOK WHOS BOUGHT!

I know that I mentioned that their Slovakian gold property could be the next NR, but its not like there was any amazing grades there, mostly 1-3g/t Au. But When I looked at their financials most recently released, for some reason the Carmelita property has gone up 200% in value while their Vancouver HQ has gone down 66% and their Slovakian property has slightly gone up in value. Maybe their selling the Carmelita property, now valued at $ 1million dollars and putting that into the Slovakian property for drilling without diluting the stock? With an O/S still of 15 million this could give us a good run, but im hoping someone else out there has a been explaination for all this movement.

Comment by ambooze on Mar 03, 2009 3:54pm
There once was some  Howe St. farmers  who sold all their  seed milk in the high teens and 20`s with the expectation of replenishing  their milk supply  by way of a cheap  financing at .05 with some other farmers south of the border. My hunch is that someone has thrown a wrench into those plans by buying the stock up to, and further supporting it at these present ...more  
Comment by JonnyRbuck12 on Mar 04, 2009 10:00am
Haha, I agree with your post. This company is pulling everyones wires and I dont see anything good coming out of it. Their Slovak play is dead, Carmelita had sub-par results, their in a whack of debt, so why the strong buying? The only possible suggestion I can offer is that I heard from an analyst friend that Chile is holding strong in this recession and this might of triggered DOX to have ...more  
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