Post by
capt1120 on Feb 28, 2024 10:15pm
Investors take s deep breath and look at the table
Looks like a few of us investors are getting spooked by the daily volumes on a small float and a erosion of prices down to the level of the current capital raise, So here is my 2 cents, Like a few on here like Magnum and Venman and other smart cookies, we can see this play has emense potential, They have $$$ in the bank with no warrants being issued from the raise, U never get your best drill results from the first holes .... and these intiial holes from near surface are crackers, so what needs to be done is grow the deposit, and crews are on scene setting that phase up based on a release today/ yesterday. So Im long this name to the tune of 500,000 shares with a cost of 12 cents, Im of the mind these plays dont come along enough in the last 5-8 years, the issue here is the retail investor has been ball beened in the wallet the last 5 years and has little in $$ for spec mining situations, add to that he/ she has bills to pay with cost of living being food/ gas/ mortgage/ kids sports and U have little left to be in this space, so what Im saying is the audience is small here and like Magnum said prior some Major will come along and put $$$ for a 10-20 percent interest and this is gone, so take your positions, hold them and pay for them, and watch the quote closely and put alerts on your phone , cause iin the the first 24 of drilling they will be down at least 50 feet and if that ore body sits on top like the first drill holes state than the drillers will be able to tell by looking at the core they pull, and good news always finds a way off the drill pad. Fingers crossed , spec play with huge potential based on continued drill success
Comment by
VENMan on Mar 06, 2024 3:23pm
capt1120, great post. Lower price lower volume is also a good sign. I'm off for a week. Enjoy watching the tape. GLTA!