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we just got the news last week, some¸people want to take profit by selling. let people accumulate and digest the news. when this is done, we should see a slow come back to 0.0034 and when we get the news that they finalized the acquisition, the stock will go reach a higher price.
As a mining engineer, i want to inform people of what is maybe going here.
For a mining exploration enterprise, the first thing they need to do is to find a ressource with a potential.
Then they make a few drilling to get more info on what is going underground.
When they get enought info, they need to raise some capital to drill more to make sure there is a ore . ( that's when they put out a pr and the price per share goes up)
As that moment, if they get enought money, the make a prefaisability study to plan the production phase and at that moment they will get bought by a big company like Vale, Rio tinto, Iamgold.... (last time i saw this was a in bresil, a company found gold and copper and spend 50millions for drilling, exploration and prefaisability study and Ni 43-101 and got bought for 3.5 billions )
If they dont have any money or no financing. then the have to get the ore out first (as much as possible) to be able to make some money to finance them self the production.But this is the less profitable wait to do it and very long. because of the low production rate. ( that's when the share goes down)
hope it helps people
some people wanted out, and take profit. nothing wrong with that, and some are taking advantage by accumulating more share at those low prices. there will be major upward movement when the finalize the acquisition.
ressouces vs reserves ! not the same thing
this stock is worth nothing until they show us a prefaisability study
people that dont believe in this stock should leave, we got last week 3 day of gains, so it is normal that we get a pull back with low volume before we go back up.
nice consolidation, we need to hold the 0.0017-18
wow! very few sales , i think it will pop back up very soon,
it just means that they didnt make any dilution yet but i doesnt mean they won't in the next few weeks. I am just trying to understand what could be the reason do increase the A/S if not to raise capital by dilution.
possible dilution? i would think that the 1.5 B of a/s means that they need money .
any share under 0.0025 is cheap, when we get confirmation on the acquisition.
up we go. ask is thin after all that sell off.
blue sky after 0.0034
ask very thin, we should be able to see 0.003 very soon.
my ihub Level2 doesnt work? anyone else has the same problem?
something is happening here (reverse merger), but it is kept quite for now until all the paper work is done. wait and see. i will be bying more as soon as i can. (50 Millions) I really don't want miss the chance of making a lot of money.
goog luck to you all shareholders for being patient enough.
if i see huge selling at 0,0003 and 0.0004, then i would have been wrong and i will loose a lot of money
for example, if someone have bought a few millions shares from 0.0003 to 0.0006 , and wanted out for what ever reasons, it could bring the share price down and scare others to sell ( panic)
why do people always blame dilution when a share price goes down. It could be shares holders wanting out.
if they were dumping shares, selling wouldnt stop at the ask at 0.0005, it would be selling at the bid. So i just think the news wasnt really what we were waiting for. it just confirmed the jv but that was old news, we alreay new about it. so this will go back up after the ones who wants out are gone. meanwhile we might get some update on whats next ... future could be very promising
possible news coming at close, maybe it go leak and people are rushing in before gap up tomorrow
here we go!
maybe some people just want out, (flippers)!
simple premature profit taking, it will go back up
web site is on since when?
great support guys! we go up from here for sure.
the bid will jump very soon to 0.004
so little shares for sell , ask = thin
dont blame the profit takers today its 100%, just remember that tomorrow there will be some profit to be making.
possible gap up tomorrow!
profit takers are done! up we go
scared and impatient people have sold there shares to stronger hands now we should see a come back very soon
8 millions at ask is gone
8 millions at ask = scare tactic
did anyone see this: Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? yes
looks like the ask is becoming thin
just give it some time it will go back up slowly until the 17.
dont forget, some just got in to make fast money will it was going up. But most are here for the 17 news and more will come until then.
consolidation is all most done and then up.
how does L2 looks like?
this will fly once some of them that are at the bid for 0.0001 stop dreaming and wake up and put them at 0.0002. Even some of them at the ask will cancelled when they'll see the bid stacking fast!