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I believe that if oil continues to climb, then mining costs will rise. Since they can't mine at a profit now, what makes you think they will?
Been eventually for over 4 years.
Give it up, this is not Fannie mae or Freddy Mac. This company isn't selling houses or real estate. It is supposed to be a gold mining company, even that is debatable right now. Hopium comes in all forms.smh
I'm sure with their revolving credit line and large debt, that land is already spoken for in the form of collateral. If they did sell the land it will be the first profit they have made. Hopium and real estate..lmao
This company has a 4 million dollar loss last 10q. Now they aren't even mining, so this quarter will be brutal. Keep the hopium alive.
Institutional investors don't always mean profits for common shareholdes. Their job is to make a profit, they buy large chunks, usually a lot cheaper than common folk, then tout the company to build interest in the company just to dump their shares, sometimes small blocks at a time.
My opinion only, but their 4 years of no profits, dilution, and taking on debt is fact.
Who would but this POS? Any serious successful company wouldn't touch this company or its properties. These trash penny stock junior miners will pass property to each other to keep the scams going. Hopium has run rampant here, no profit, that's ok, let's believe in a buyout.lmao
I too bought into to this over a year ago believing they were legit. I have other stocks that I believe in more now. I have had a few that have taught me needed lessons since. Good luck to you.
I won't debate you on junior miner fraud, just Google it, and many with fraudulent samples. Believe what you want, but this company is toast. Soon I will be hearing why the RS is a good thing for investors.
A certified lab in the same state and area as comstock, wonder if any of the board members are tied to comstock. Wouldn't be the first case of fraud in the penny stock world. ENRON fooled a ton of people. Just tell Gasbag to grab a pick and shovel, he may actually make a profit that way.
Miners back in the 1800s pulled out more gold and silver than this company ever will, and they had pans, picks, and shovels. If the land was so rich, it would have never been abandoned. The modern profitable mines you see today are actually mining gold and silver on proven sites. These clowns won't be the first mining company to rob investors with hype and claims of bonanzas.
I don't know what they have underground, just their numbers and saying it's high grade doesn't make it so. There is plenty of hopium here, just don't get stuck in the quicksand.
I think they are frauds. I can't believe that they are sitting on the bonanzas they are claiming and can't make a profit. I am sure there is some gold and silver there, just enough to keep the investors and their debt holders fooled. They just recently diluted the stock, and you can bet there will be more to come. It wouldn't surprise me to see a RS with these clowns. Want me to be a believer? Then show me quarter after quarter profits, and tons of high grade gold and silver coming out of that pit. Because right now it's a hole full of quicksand.
The majority on here are addicted to hopium, never look at facts. Doesn't matter what great reserves your sitting on if you can't mine it at a profit. Gasbag is great at feeding investors hopium. Soon you will see more losses, dilution and excuses. They aren't even mining right now, just prospecting. That's like not paying your house payment because your looking for better houses.lmao
They have had 4 years, cheap oil for the equipment, and eventhough gold is low, others are fine. They make commemrative coins, brag about what they are sitting on, dilute the shares, and hope to restructure debt. As a mining company, if you cannot mine at a profit, you will fail. Other miners are profiting, even with low gold prices. This company was fluff before they named themselves comstock, that hasn't changed.
Gasbags fluff interview with nothing but sunshine and rainbows. Problem is the storm has brewed for years. What has this company done in the 4 years he is giddy about? Nothing but lose money, dilute, and procrastinate. I hear they aren't even mining now, just prospecting.
If they were mining profitably, not diluting, and could control their debt, they would not be in the penny stock quagmire. You are the one who doesn't know what you are talking about.
Because they can't mine profitably. They spend more than they make, dilute shares, and are loan dependent. Been like that for YEARS.
I would call it more like a bullsh*t chart.
People have been delusional here for years Just watching this company fail year after year. More will continue to lose money until they run it into bankruptcy.
Looks like the drop today is the first gold in that boat people are loading.smh
Waiting for the drop after earnings, New investors will be scrambling to dump their shares. I would love to see this thing skyrocket, but for YEARS the disappointments outweigh the hope.
No kidding, I guess a broke watch is right twice a day...lol
Really? So, you don't see it as dilution? The market and price will disagree with you.
Not short, lost enough already. Retraining myself and learning a little more before I jump back in.
I didn't hate them to begin with, only after they destroyed investors money and proved they are worthless.
Even as the tech sector collapsed and investors fled to gold this turd could barely break 10%. It tells me that many did not do any reasearch on this turd and just saw it was a gold stock. Welcome New bagholders, you won't leave this one happy.
It's more fluff, another BS PR to keep the villagers happy. It will surely sucker in New investors who don't know this is a money pit. Samples, samples, get your drill samples here.lmao
You would think with oil crashing and investors heading for gold stocks for safety, that this turd would be way up. You can't polish a turd to lure in New investors.
I covered by not buying more is this POS. Delisting or an RS soon, don't worry it will be pumped to sucker in New inestors after the RS.
If course I am sure they will R/S again before delisting..lmfao, what a turd.
Heading for a newer low, just in time for 2016. Delisting soon?
Shhh, common sense confuses the hopium addicts.
You can't explain it to them, I have tried. Even if gold was higher, these clowns spend more mining it than they make.
Sure you did.
May want to change that user name, doesn't look like LODE is making anyone rich.
Sure you did.smh
It won't be, and never will be for investors. The only ones laughing all the way to the bank is management.
I would like to welcome all new bagholders to the circus that is blahgio. Your money is gone, blahgio the traveling clown thanks you for the donation. Until the next RS, so long.