Didn't know you replied so long ago. Hardly come here anymore.
Anyway, in reply to your comment, this pump is due to facts that they have something there and that the market kept down playing all their finds in the past. The pump before was pure hype (still is, just go look at NVO forums, so many gullible people there) and had no substance and still doesn't.
In my opinion however, right now I believe it is a little over priced, everything will come back down soon with gold to follow. But Gold will be the quickest to recover (besides bitcoin) and we are talking months not years like other sectors of the stock market.
But I would like to ask the business savvy people here about the financials, did I read correctly they are spending 5.5m every 3 months on exploring and 1.2m every 3 on administration? Meaning they are chewing through 2.2m a month and if they only have 25m left from cap raise they will need more money by July 21. Who was it that kept condemning DILUTION? But now he is in profit it is all good.
Anyway, it will be in a bad state if they try to do a cap raise while the price is down IMO which I feel is what will happen when markets start to collapse on themselves. (Just because a company has gold does not mean it is immune to markets falling. Check March chart of all gold miners and see where they went.)
Not a down ramp. I believe what they have is real. Just looking at the facts now and what could follow. But no ones knows when the fall will happen, but if it happens while they need money, it will turn real ugly real quickly.
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