Post by
AlfTanner on May 24, 2024 9:53am
Too many shares
One of my rules for investing in mining companies is to NEVER buy a small mining company with more than 200M shares. A bloated share count usually means that management only views investors as a cash cow to milk for a source of funds. However, I am very encouraged by the upcoming reverse split. I think this means that management might be serious about creating value for investors. I will be a buyer after the reverse split is completed.
Comment by
Pound1 on May 24, 2024 12:21pm
I think after the split it will pull back before moving forward. Last reverse split did so why wouldn't it happen again?
Comment by
Red_Deer on May 24, 2024 1:56pm
Hey ALF__Just Checked SEDI__Looks like Another 4,400,000 OPTIONS Were Granted on the 23rd__@ 19 Cents For 5 Years. https://www.sedi.ca/sedi/SVTItdSelectIssuer?locale=en_CA
Comment by
Red_Deer on May 24, 2024 1:58pm
SORRY !!! The SEDI Link does NOT Work You GOTTA do IT the HARD WAY But SEDI is VERY COMPLICATED/DIFFICULT to USE !!!!!
Comment by
NobleHouse on May 25, 2024 3:57pm
I like to dream as well , but not when it comes to investing in a nowhere company , dispite copper prices and a MGMT , that as you stated is in place for the sole purpose of milking shareholders who just love to gamble. Good luck , because you will need it.