not much hope, page-27

Flamingdudeofdoom, calm down and look at these facts:
- >1.5bil shares soon
- Low grade magnetite but more expenses
- Run out money
- Today ann “fund raising again”. May be lower to 5/5.5c + free oppies.

Long ago I did warn market to get out when FMS>20c. I think some did, but others hold and wait for $. Look at two following examples with FMS:

1. Bought 100000 shrs x 25c = $25k. Hold and wait for $. Unhappy when sp are down then hate any one saying opposite opinion.
2. Bought 100000shrs x 25c. Unluckily sold @ 23c = $23k to cut lost. Later, use $23k bought back, say, @ 4c = 575000 shrs. Then sold , say, just 7c/sh = $40250. Happily read any post and respect to different point of view from others.

Another case was last year, a person bought EPS around 70c, sp was up 87c, then down so fast that this person panic. He asked advice on H/C. Someone told him to sell and cut loss. He did sell around 60/50c. If he bought just 10k @ 70c and sold @ 50c = $5000. EPS is 4/5c now. If he think EPS is still good, he can use $5k buying back EPS @ 5c = 100000 shrs. He has a good chance to recover the loss and make big profit. This is better than hold the loss and unhappy.

I remember, I did warn ppl to get out when RRS>$1, WMT(IDG)>30c, RAU>20c, SLA>40c, CNX>70c and so on. Not long ago, I picked some RRS @ 3c sold 4.8/5c and picked up lower to test my luck gain. So ppl who sold RRS>$1 have a chance to pick up lots of RRS shrs at this low price. If Putlant situation is better, RRS will jump up vary fast. I think, try to buy low/sell high or cut loss/buy low later, better than unhappily run around and argue with ppl on H/C and gain nothing!