Post by
flubber on Nov 05, 2023 8:55am
AS NILI COLLAPSES , SIE SITS IN A STATE OF COLLAPSE AT .05
as I have said close does not count. SIE has a small amount of land compared to NILI so when management post and repost about NILI going from .065 to $1.55 in my opinion they are just trying to fool buyers into buying shares. Insiders still have not done any insider buying for a long time so do they really believe in the company ?
Why has NILI collapsed other than it may have been a major FOOLED YEA falling off more than 50 % as SIE can't do anything. Spoke to management and I was not impressed as in my opinion the conversation did not match the NR they put out an re-transmitted. Of course that is my opinion but the share price at .05 cents confirms to me that they do not have the confidence in the companies property that they want investors ( other than themselves ) to buy into by buying shares. Will see if they hit an the stock rallies to $1.55 but I doubt it very much.
THE COMMON LINE FROM THESE CEO'S THAT RUN THESE MINING COMPANIES- IT'S ALWAYS A POOR MINING MARKET. IT'S NEVER THEIR FAULT THE SHARE PRICE IS DEPRESSED.