Look at the daily trades. Many times it goes high on high volume only to be dumped a few days later, slowly. It's a clear pattern.
They haven't even drilled holes yet to see if there is mineralisation. No VTEM surveys, FAll
Massive risk in these junior explorers.
It's not sinister, its the workings of experienced professional traders that band together to make a stock look attractive,
To blind freddy 2.5 cents looks cheap but you need to look at comparative companies perhaps with similar rock sample results and then drill holes.
Someone said about great management or the callibre.
What about when Ian Burston (recently passed away) a legend in the iron ore space wasn't able to get Kogi Iron (previous name) happening.
Kogi supposedly had great prospects from drill holes in Nigeria where Burston had contacts but nothing eventuated.
It is very hard to raise capital in this space to get anything going. It's years away from even getting an inferred resource let alone drilling programs of any significance.
I have been in this space many many years ago. I talk from experience, not just trying to egg anyone on for the sake of it or get a kick out of it.
I will bet anything there will be staggered hits all over the place and they will report the best hits. The drilling is only over 1.5km in length. You don't want to find iron ore deep, you want it close to the surface. All the successful iron ore deposits are the ones that have mineralisation close to the surface. I really don't understand why they are going 200m deep and so quickly at 50m apart.
Check out AUN 18 July announcement. They have potential haemitite (DSO). Look at it's market cap. Has other projects as well.
This is why I laugh at M4M market cap. It's a joke.
@wrighty64 are you sad the Swans got belted? LOL.
No I was not a previous investor in Kogi. Think who I was. I warned posters for years but you never believed me. Under another username at the time.
I remember all of the past posters. I see
@bubsmark is still here too. Sad.
You are investing in a lifestyle company for management and directors, executive and non-executive.
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