Lets get some order into this Fantasy situation folks. We are at stage #7 and we are taking things one stage at a time, OK ?
The 20 stages of a Hotcopper Fantasy stock -----------------------------------------------------
1. Dormant explorer quietly acquires exploration tenement in an unheard of part of the world 2. Intention to drill the 'hottest' commodity of the day is announced to the market 3. Investors undertake a quick geography lesson. Tenement located on Google Earth 4. Messianic posters appear on Hotcopper extolling the virtues of this 'sure-fire-thing'. 5. Posters cram on Wikipedia and drilling techniques knowledgeably discussed 6. On location photo of company official appears (in safari suit) 7. Frequent company announcements, such as capital raisings, are greeted enthusiastically 8. Optimistic valuations by Hotcopper geologists/economists abound 9. Each powerpoint presentation adds $1 billion to the market capitalisation 10. Market price climbs precipitously 11. Stockmarket novices delight in referring to options as ‘oppies’ and ordinary shares as ‘heads’ 12. Mountains of previously 'scarce' scrip hits the market 13. Market price drops precipitously 14. Numerous conspiracy theories regarding capping, profiling and price manipulation emerge 15. The once prolific ‘Messiah’ suffers writer’s block, and no longer responds to posts 16. Company announcements dry up and become more vague 17. Lots of acrimonious exchanges ensue on Hotcopper 18. The ‘Messiah’ and his band of faithfuls move camp 19. The ‘Messiah’ later attributes his blunder to dishonest reporting by company manegement 20. Hotcopper thread becomes a group therapy session for bagholders
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
