Post by
seenitall3 on Jun 23, 2016 11:45am
$500,000 LOAN FROM LARGEST SHAREHOLDER - NEW PROPERTY
Big money, Hong Kong-based Guilin International the largest shareholder (16 million shares or 36%), lent the co. $500,000 back in early May. I do not believe this will be used for expenditures on the Chilean Cu-Fe property, rather my sources suggest that a new property acquisition has been in the works for several months. I would not be surprised to see a Lithium property transaction go into this vehicle. With an equity market value of a mere $1.8 million, the upside here is in the 5-10X range in my opinion. Today is just the beginning as people are starting to pre-position themselves.
Comment by
cctr on Jun 23, 2016 1:48pm
Thanks for the insight, I see this massive volume out of nothing which is tough not to notice....I would hate this volume be because of typical pumpers but no one has been pumping this with false news. However..with a volume of 4.2 mil i hope to see something. I will continue to search for info and maybe as you say, start positioning. Lets hope for something in the news.