Post by
michaelstl on Dec 10, 2021 7:05am
Tax Loss Selling
It makes sense that there is considerable tax loss selling in this stock. We could expect
that after a 30 day wait many who sold will buy back the stock in January. It makes sense that the company would wait until January to release possitive information. This stocks value has been cut in half in a very short time. Insiders are buying shares now. This is a good sign that the share price is attractive now for purchase. Time will tell. There are a considerable number of precious metal penny stocks whose share price has been devistated as of late. In addition the prices of precious metals have not performed well during a period where major stock market indexes keep hitting record highes. Hopefully, in January this will change and tax loss pressure will dissapear.
There have been a few board members continually bashing this stock. You would think that they would have better things to do if they have no interest in investing in ths company unless they are trying to promote the selling of shares. It could mean that they are short the stock, looking to short the stock or just showing their frustrations from a loss or loosing money from investments that they have or have had in this company. I personally have paper losses in this stock but have averaged down here at these low prices and hope to do well with the investment during the next few years. Good luck to those that believe in this company.
Comment by
Myharleybike on Dec 10, 2021 11:05am
When you look back at the last couple of months, there's not really a lot of shares sold that could be considered Tax Loss. Three times the share has sold just over a million and 3 of these were when insider bought.
Comment by
Flopticalcube on Dec 10, 2021 11:40am
Its been over 1m a day if you include the alts nearly every day since the beginning of November. I attribute this to both tax loss as well as GPY trading getting absorbed into the ticker.
Comment by
metalhead666 on Dec 10, 2021 11:23am
It makes NO sense whatsoever to ever own this POS so called hobby mine. It will never be profitable, management is corrupt and inept, the resource is garbage and cannot be mined at a profit and no one involved with this has ever seriously intended it to be a real working mine. It will be a Zero sooner or later. You are all fools or idiots or both