Post by
crazytimes on Jan 22, 2025 10:38am
Tough Junior Market! Party Maybe Over for Now? My Take
Was a nice run for those of us that got in and started their position at .035, but must be so frustrating for long term shareholders underwater who bought in at higher prices. Gold at all time highs, great results and down she goes again. Tough market to say the least. For starters double check your drill results before the release. I saw that mistake in a second, how can they miss it, especially when you need to build confidence? Second, why issue all that cheap paper before all the drill results if thought you were onto something? Third, how are you going to raise $3 million for the novamera bulk sample at current share price without decimating the float? Just my opinion.
Comment by
geezer21 on Jan 22, 2025 11:18am
Given that the Novamera bulk sample will generate some cash it may will be able to leverage it for a loan.
Comment by
crazytimes on Jan 22, 2025 12:29pm
$2 - $3 mill is a big gamble for a junior. If Novamera is so sure this new tech will work, maybe they would do it for free with a 50/50 profit split? If it's a sure thing one would expect them to jump at the opportunity, unless I am missing something? Would also give them a serious incentive not to f... it up! Just my opinion.
Comment by
PTBailey on Jan 22, 2025 11:31am
I used to be one of the frustrated ones having originally bought in at .49 and eventually leveraged down to .064. Was nice to see almost a break even for a moment. What was the drilling results mistake, I missed that?
Comment by
crazytimes on Jan 22, 2025 12:25pm
pt... that's an extremely impressive average down. Must of taken some slick trading! Hats off to you! They issued a release today on the drilling mistake if you wanted to see it.
Comment by
PTBailey on Jan 22, 2025 1:15pm
Thanks for the info. And yes it took me a while to get to that level but I kept buying everytime the SP hit .035 over the last year or so.