Post by
SafeInvestor on Feb 01, 2021 12:20pm
Was this just a pump and dump?
Hoping I didn't get caught up in the excitement while ignoring the fundamentals.
Fact of the matter is this company is dead in the water if the open pit mining ban is not lifted.
What is there on the positive side of the ledger?:
- someone bought 9.9% of the company
- a bunch of politicians are lobbying for the ban to be lifter
- Philippine economy is in rough shape
Hope I didn't invest on a wing and a prayer here...
Remember Biden / Harris campaigned on the legalization of marijuana and are now proposing it only be reclassified - be cautious of politicians.
Now...I'm not selling here but could really use some news.
Comment by
aceupmysleeve on Feb 01, 2021 7:36pm
I hear ya, I got sucked in at .16 and it's been looking bleak ever since. Hoping that some sort of good news will be released soon and lift this back up. Worst case scenario I'll buy more when it drops back to .02 and cash in when it hits .20 next January.
Comment by
db2067 on Feb 01, 2021 8:40pm
As someone said - either a 20 bagger or a 50% haircut.