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Bullboard - Stock Discussion Forum Armory Mining Corp SPEYF

Spey Resources Corp. is a Canadian lithium focused mineral exploration company, which has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. The Company holds an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia. The Kaslo Silver Property, a silver and base metal property, located 12... see more

OTCPK:SPEYF - Post Discussion

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Post by tiger2201 on Nov 26, 2023 10:46am

Spey

I made this post 2 years ago in 2021.


Tiger


RE:Buyers beware!

As I posted a few times on this board and expressed my opinions.  You should have listened to people who have different opinions.  They may see things differently from yours, and may cause you to do more researches

When I did my research on SPEY, 1st thing I noticed on their presentation that they are going to produce lithium in 2022.  How on earth when you don't have drilling results, resource, PEA, PFS, and DFS, then you are telling investors that you will be in production 1 year later?  This is a RED flag for me.

Second thing fo rme when I see their NR that they are in offtake discussions with OEM and battery producers.  When you have NOTHING, what are you goibg to sell? Mouse Paste?

Third thing I did was to go to A.I.S. web site to find out what they did on the property in the past, and then you should ask yourselves that If the project is so great, why someone is willing to share 50% with you?

I am a P.Eng, and exclusively investing in mining stocks. Although my opinions are not imporatnt, but this diferent opinion should have make you to have a second thought on your investment.  On the venture exchange, not all management are hornest and doing best for investors.  Some are trying to find and mine the minerals for investors, and some are just mining the stock market.

BTW, Spey's CEO is also another company's CEO called MUSK METALS, and you shoud find out what happened with this company.

Good luck to all, this is my last post on this board.

tiger
 
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