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15/08/19
09:30
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Originally posted by Miningdoctor:
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Little hope here when many holders cant tell the difference between an acquisition and a sale ( hint: they are the exact opposite). No wonder mngt has been milking this micro cow for so long. I suspect they will announce a cannabis or lithium deal near a battery factory.. and the deal is just a pegged tenement.. like the virtual bonanza project... david copperfield exploration pty ltd..
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Originally posted by skyscraper99:
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There will be no sale This a ploy to use nearology plays in order to raise more money to keep the pay checks rolling in. What shares do these directors own, or other companies they run. And if anyone thinks they wil use money for exploration other than token exploration they need only look to what they have done for the past 3 years. This and countless other small caps just raise money to keep the hefty pay checks rolling in, the less exploration the longer the pay checks keep being written. Yes a broker driven p&d might get some excited enough to buy, but I suspect in 3 years time shareholders will be still waiting on any decent exploration but at that time there will be new projects crop up that have been used to raise more money. Most of these mini explorers do not own a shovel and never will. Look at another company presently raising money for a new gold project, WML, in 18 months since listing did virtually no exploration yet went through $3 mill on, guess what, now a new project to raise more money, don't really matter what project as long as it comes with a cap raise. Hey, I hope some of you make money, cause if so I will too, but how many of them have done a hard days work in their life.
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Originally posted by skyscraper99:
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There will be no sale This a ploy to use nearology plays in order to raise more money to keep the pay checks rolling in. What shares do these directors own, or other companies they run. And if anyone thinks they wil use money for exploration other than token exploration they need only look to what they have done for the past 3 years. This and countless other small caps just raise money to keep the hefty pay checks rolling in, the less exploration the longer the pay checks keep being written. Yes a broker driven p&d might get some excited enough to buy, but I suspect in 3 years time shareholders will be still waiting on any decent exploration but at that time there will be new projects crop up that have been used to raise more money. Most of these mini explorers do not own a shovel and never will. Look at another company presently raising money for a new gold project, WML, in 18 months since listing did virtually no exploration yet went through $3 mill on, guess what, now a new project to raise more money, don't really matter what project as long as it comes with a cap raise. Hey, I hope some of you make money, cause if so I will too, but how many of them have done a hard days work in their life.
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Wow u have just summed up every exploration comany in the world , for the record this probably wont be the next bhp The key is finding a dog stocks that are over sold and this is one . Spx was one market cap 3 million , it costs 1mill to list a ticker And yes the people who manage these things dont do it for free Hello if u want to raise money to get paid u have to get people excited . Pot lithuim and ground next to spx have a good track record I dont care what sends it up They could buy a fish n chip shop if it goes up I will be happy . If u bought on a pump and dump and sold at the bottom and dont hold move on ,there are stocks like telstra cba that fit your criteria good luck to u and to us we will all need it
Originally posted by skyscraper99:
↑
There will be no sale This a ploy to use nearology plays in order to raise more money to keep the pay checks rolling in. What shares do these directors own, or other companies they run. And if anyone thinks they wil use money for exploration other than token exploration they need only look to what they have done for the past 3 years. This and countless other small caps just raise money to keep the hefty pay checks rolling in, the less exploration the longer the pay checks keep being written. Yes a broker driven p&d might get some excited enough to buy, but I suspect in 3 years time shareholders will be still waiting on any decent exploration but at that time there will be new projects crop up that have been used to raise more money. Most of these mini explorers do not own a shovel and never will. Look at another company presently raising money for a new gold project, WML, in 18 months since listing did virtually no exploration yet went through $3 mill on, guess what, now a new project to raise more money, don't really matter what project as long as it comes with a cap raise. Hey, I hope some of you make money, cause if so I will too, but how many of them have done a hard days work in their life.
Expand