Post by
MAKEITBACK on Jan 10, 2025 11:24am
New direction
If the shorters do not cover it is because they have deep pockets and are holding down the share price for a possible buyout. They don’t care if they lose some money. The way to beat them is to become a producer. The only way to do that quickly is to merge with MAE. Producers don’t care about what Crypto does, because they are selling their gold at $3000 an ounce. The shorters lose their ability to control the price because the company now has a great p/e ratio and that will drive the price. No more dilution of shareholders and drilling paid for. They could have bought Pointe Rousse for 6 million dollars but did not. They could be toll milling their high grade open pit deposits but they are not. One has to wonder if these guys actually have the best interests of shareholders at heart. Fingers crossed that new management will take a different direction.
Comment by
Dixiedee on Jan 10, 2025 1:46pm
Cart before the horse talk they will look at every sernario but will only execute after the MRE and PEA is complete