THIS IS NOT HYPE,nor is it intended to give false hope to anyone.
It is meant solely for consideration as a remote possibility.
First let us look at the whole of the 'Gold' (PM) market. It is
abysmal considering the economic, and financial turmoil which exists throughout the world - vibrating from the US.
Gold, according to accepted 'tradition, in these circumstances should be blowing through the roof, as they say.
Energy, the largest cost element in mining next to labour is high causing many mines to not even break even. That many small ones continue to exist at all is amazing.
All this, I firmly believe is going to change very soon. Gold, and silver, but gold in particular, will make a sudden, and significant move up, catching everyone by surprise.
Those caught left at the station will wait hopefully for the train to come back to pick them up. They will wait forever.
This company could still be a form of scam that will bring rich rewards for its owners, but not perhaps in the same way as it first appears.
Here, I explain. There could be considerable gold still in the ground (as they once stated) at the mines still held. Keeping it there until its value rises is probably better than digging it out at an uneconomic cost then storing it again.
Meanwhile they have been able to make money on the venture by false promises and jiggery-pokery with the 'share' price, and dangling carrots of hope at that time to encourage the money in.
Once the money milked from the herd, then NOTHING.
By, themselves, picking up the shares dumped at give away prices, the owners could be holding most of these shares and consequently, all that gold in the ground ready to make a killing
when gold soars above $700 and beyond. It is a huge 'piggy bank'
for them that will soar in value.
Yes, the few 'old faithful' shareholders still hanging on will benefit, but most have already lost considerable sums which will have to be made up before they see 'profit.' But these will dump there shares as sson as they see some of their money back, right when they should be hanging on.
All this would account for the fact they, the company, have done everything in their power to shake people out. Forget naked shorting, the clue is that the company has done nothing to fight back, and to assure us to hang on in there. They appear to WANT us OUT!
We are going to have to wait until gold starts to move. It will
be the big ones first - Barrack (ABX) and Newmont(NEM) etc.,
It could easily be another nine months before the small ones start to really move in a big way when the masses will be clamouring for anything with 'gold' in its name. (This could be another reason why they have still not changed the name - they know what is coming.)
As I said - just a thought, nothing more. But, it is a possibility. Its probably what I would do, if I were that way
inclined. (It's just a devious mind, I've got, nothing more, smile)
