Post by
argaiv on Jun 03, 2012 1:52am
Most Junior Companies
Wither up and die. Hey at one time this stock was on everyone's radar when they were checking that property out for diamonds. The results did not pan out, and that was the end of it. I have not looked at this guy's salary, but I viewed an interview where most of these exploration companies are spending so much money on administrative expenses that these companies are a way of maintaining their lifestyle. Hey they had some prospective properties, and the terrain is relatively unexplored so there was always that potential. I have seen too many juniors shrivel up and die. Thank God it appears I have had some good success with some of them too.
Comment by
BabyE88 on Jun 03, 2012 11:54pm
The best way to handle Juniors is to follow the footstep of MUX. Rob sunk 25% of his own money and with no pay to show how sincere he was. The money should be used in the right area - exploration, fixed amount of share options should be their compensation. If they screw like this one did, they will get nothing. Cash from financing should be ONLY used in drilling.