dead money until they become caught up on filings
I'm interested in learning this too. I'm ready to grab a bunch right when I'm able to. Mag6 $$$$$$$$
and at what price will I be able to buy.. going to be interesting
Seem to be getting close now....
SBUM is one of the few old Spokane Stock Exchange stocks still traded on the OTC- the rest converted to shells and sold, or didn't comply with the minimum OTC requirements. These stocks typically owned just mining claims, which hopefully they could lease out to larger companies.
The recent SEC rules passed give I think until September 30 to meet basic new disclosure requirements- thus many OTC Pink Sheet stocks not providing will be de-listed. Investors in Pink Sheet stocks in October will get some nasty surprises.
Thus, I assume the recent volume/price either (a) there has been some exploration recently on the property ( unlikely) (b) someone is nibbling at the stock as a potential acquisition/shell candidate, and trying to accumulate a block of free-trading shares, and more voting rights. (c) with silver price up any stock with Silver in its name artifacts buyers, and the float is so small ( and unlikely to increase in the short term based on history of this company) (d) major company in area needs these claims- last time this happened with IDLM stock it shot up form $.50 until Hecla acquired it at $10 a share.
I go with (b)and am a buyer under $1 unless volume goes much higher, with target $1.50 to $5.00. Trick is after acquisition announced, and before authorized shares increase to sell at that time.
Just my 2 cents.
Bought 10K at .50..damn should have waited..
**SBUM 5 PART RESEARCH**
** $SBUM Research Thread **— ☀️Alex Sunderland☀️ (@SUNNYLAND24) May 5, 2021
The next big #silver #miner Revival to be eyeing on the scanner.
Seeing $VINS yesterday I expect the same Magnuson Family to revive $SBUM any moment. $SBUM should then be followed by $HSCM, $ACNE, $CCMN, $STLM.
First OTCM Activity in 17 Years! https://t.co/mVfEpvODMQ pic.twitter.com/RNCFPAgO2T
me too. this is easily a $3 stock once their filings are current and the stop sign is removed. they've been in business since the 1960's and a multi billionaire is very active in the silver valley of idaho. his name is tom kaplan and he is a well known silver bug.
thank you Lazarus. good intel
agree 100% SBUM is a consistent runner when silver spikes higher.
silver mine supply is likely to see double-digit gains as it rises to 866 million ounces in 2021 after the pandemic-affected 2020 level, the report highlighted. This total would mark the highest level since 2016.
This and L2 super thin looking tempting
agreed. excellent post.
there are many tweets saying that silver will make a terrific leap higher this week due to Biden being such a solar-bug. solar panels use a lot of silver. :)
Silver Market: A Coiled Spring with Tremendous Energy!
Warning: being Short Silver right now could be extremely hazardous to your portfolio. Not being "on the silver train" could also be something
that you seriously regret!
Best wishes and be prepared...have a plan!
thanks for your post. excellent
Sprott Gold Report: Gold, the Simple Math
Take a look at this great article from a couple weeks ago.
As gold and silver are brother and sister, this is important information...
This is My Fourth Gold Bull Market!
Take a look at this very well written article by Peter Degraaf. He discusses price targets for both silver and gold.
#Magnuson #Silver Project : $SBUM / $STLM Research.— ☀️Alex Sunderland☀️ (@SUNNYLAND24) August 25, 2020
Most will sleep on these and not understand the significance..Definitely not your normal #OTC's..0 debt..0 notes..Tiny Clean SS's...and probably some of the most valuable #silver #mines in America.
IMO Patience =Millions here.