Post by
Stockmoves1 on Jun 13, 2024 1:57pm
Reversal happening Now !!!
Here we go.. broke below 17 but not 16 with 165 holding a bullish pattern and not having to give up too many shares...
Wait for the Halt where finanacing gets approved and these shorts get Roasted.. I am not saying it happens, but heh never say never.. If they can arrange a financing for 43cts and sell it for 80cts to a major who is the biggest winner?? That sets their company on solid footing.. Their business plan of a currency backed by Gold makes a whole lot more sense to me than these mythical currencies like bitcoin that have little relevance. If they pulled this off it is called a Game changer for putting their company on very solid footing..
Comment by
CaptainE on Jun 13, 2024 2:04pm
That's where my thinking is at. Every business deal starts with a vision and an LOI. How else is one to grow a company? They wouldn't have gotten into this and risked their reputation if it wasn't serious. The gold backed Token is pretty stellar in my opinion. Never been one for tokens or crypto but to me this makes sense.
Comment by
Stockmoves1 on Jun 13, 2024 2:11pm
If I knew of a well established Company ie:Kitco that had a currency linked to the Gold price I would be in for no less than 10% of my PF.
Comment by
CaptainE on Jun 13, 2024 2:15pm
Couldn't agree more. Confidence in currencies backed by pixie dust is dwindling.
Comment by
Larry60 on Jun 13, 2024 2:18pm
................along with Pink sheet listed companies with mamoth corporate org charts, $2.5 million market caps, and no $$$$.
Comment by
CaptainE on Jun 13, 2024 2:44pm
Gold in the hand is sure nice but there is only so much of it in this finite world https://thewest.com.au/business/cnbc/gold-is-getting-harder-to-find-as-miners-struggle-to-excavate-more-world-gold-council-says-c-14971372