Bullboard - Stock Discussion Forum Southstone Minerals Ltd V.SML

Alternate Symbol(s): FDGMF

Energy

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial... see more

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TSXV:SML - Post Discussion

Southstone Minerals Ltd > What the heck

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Post by Pacmann on Feb 07, 2020 12:20pm

What the heck

I don't understand this stock. Usually when there's good news the stock price goes up not down. Wtf

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Comment by Pacmann on Feb 07, 2020 1:12pm

I'm starting to lose my patience. I've been a long time supporter for this company but for some reason sp is has not been moving in the right direction. Even with company earning profits it's still going down. What does it take for this company to get notice. Any answers?

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Comment by hempster on Feb 07, 2020 4:05pm

I think I might have found the reason but I am not sure. If you take a look at the SML board on ceo.ca you can see the short data for the stock. On 21 Jan someone bought a lot shorts and ditched them yesterday, so it seems SML was under some kind of short attack. Weird that someone would make the effort to short such such a small company, especially since all fundamentals look so good right now ...more

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Comment by onetimer on Feb 09, 2020 11:48am

if you look at the trades tuesday after financials on sedar were filed, Someone at UBS securities and the ;Anonymous" account WERE TRADING 1000 SHARES THE WHOLE DAY DROPPING THE PRICE SLOWLY. THEY WERE THE SHORTERS AND NOW THEY ARE HOPEFULLY DONE. I do not see the purpose of even being able to short stocks. it should be illegal

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Comment by bigstar10 on Feb 09, 2020 11:26pm

I agree onetimer, should never have allowed shorting......it ruins many stocks. Scumbags

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Comment by FacBine on Mar 10, 2020 11:18am

bigstar10 (61) Post# 30788258 Dog Looks like this is done....sad

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Comment by bigstar10 on Mar 14, 2020 8:55pm

I've never shorted a stock in my life, trading for 20 yrs....I own $50k worth of this, starting to wonder if it's a dog or not??

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Comment by FacBine on Mar 21, 2020 9:22pm

Ouch it hurts, see what happens when u bash other stocks, the ones u sold and came back bashing the same stock u sold. What goes around comes around ..... ahahaha ,good laugh......

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