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"Oracle Mining Corp is engaged in the acquisition, exploration and development of mineral resource projects. The Company owns the Oracle Ridge copper project."

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TSXV:OMN - Post Discussion

ORACLE MINING CORP > How Low Can It Go ?

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Post by marketman3 on Sep 20, 2011 10:33am

How Low Can It Go ?

Paradigm, acting for Coalcore continues to hammer the stock downward.
They have knocked it down from the $2 level starting late last spring and show every intent to bring it down below the $1 level.
I would say that there is massive dilution on the way, by a new PP of 100 million shares at prices in the
.75 range.
Such is the world of predatory pricing, and weak management who own little of the equity they manage.

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Comment by bepractical on Sep 20, 2011 1:45pm

First of all management owns approx. 25% of the issued and outstanding shares and where did you grab the info of a ridiculous 100m share dilution. You should do more homework before you post such nonsense.

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Comment by marketman3 on Sep 21, 2011 4:45pm

It looks like there is no support at all for the share price.Bids have been pulled.That means that there is collusive selling and share price manipulation.My call is that the bottom will be .75.The only nagging question is why the assays and 43-101 keep getting delayed.It sounds bad, in which case Coalcore is dumping rather than manipulating the share price.If you can get out now, do so and buy ...more

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Comment by ndiamond on Sep 22, 2011 2:22am

Are you kidding me. I am not selling a single share. I'm bidding and buying...but why pay more than you have to when you have an emotional seller that is willing to keep selling down and take a loss. Coalcorp paid $1.25 per share...hey, keep selling down, it's better for the rest of us that are looking to add more shares.

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Comment by jojo57 on Sep 23, 2011 4:57pm

If this management team held that much interest in this investment you would think they would do something to support share price. I looked at a chart going back several years and if this is the same set of people that ran the show. boy did they ever screw investors large. Most other copper stocks held up well or were off a percent or two today. not this gem. It.s picking up steam. This ...more

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Comment by bepractical on Sep 23, 2011 7:50pm

I have a substantial investment in this Company but have serious concerns about management. They have a good project, good share structure, and cash but do they have the manpower and experience to capture the value?I keep my fingers crossed which is a poor investment strategy.

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