Oh yeah right. Accuse the small microcaps of mismanagement when the big boys have been hit at the top on a market readjustment.
$100 billion was wiped off of the global cryptocurrency market in 24 hours on Friday.
Concerns over tighter regulation, and worries that the bitcoin price was manipulated on a major exchange called Bitfinex by a cryptocurrency called Tether, weighed on prices.
Bitcoin, Ethereum and Ripple all saw their prices tank. When this sort of money disappears some are frustrated and many are suffering big $$ cnasequences
There has also been a sell off of major global shares over the past few days - also Stocks sold off on a jump in interest rates and a health-care deal between Amazon, J.P. Morgan and Berkshire Hathaway (Warren Buffett) that analysts say could threaten margins of traditional health-care providers.and so on. It is said that the Fed won't increase rates again this month but may increase later on. The share markets have had a bullish run but tired bulls have had a breather trying to read the signs to as to when they get into the market again.
So here we have a speculative share company with money in the bank, building resources with an upcoming profitable open pit mining operation on the horizon and more news-feed coming along. I don't think the current global financial adjustments have much to do with us as we pay our way. There should actually be more interest in us when smart people read the signs.
Get a life guys..
PIO Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
