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Agree.
But, if we're going to attempt to really talk, that also means people shouldn't be attacked for pointing out poor communication from the company, etc.
Way too much extreme black and white talk with Mexus. You can be long on the stock and still want to have a discussion about ways in which they can improve. It's easy to point blame at message board trolls, MM's, and others...but if thinking Mexus and PT have done everything perfectly in the last year, that's as bad as the other extreme.
Yes, I'm still buying too.
Are you averaging down right now?
True, that is interesting.
It's interesting to hear how some people here talk about "the market" for MXSG as if it's Google or Amazon. Maybe a case of spending too much time on message boards. The reality is that there are very few people who know or care about Mexus right now. Why should they at this point?
The "market" you speak of is so minuscule that your "market reaction" in a day is often literally one or two people. Anyone with a basic knowledge of junior mining knows that nothing this company says or does will matter until a significant amount of gold is sold. Once that happens, we can talk about the market reacting without it sounding like a joke...because there will actually be one. You'll see a very big difference in volume and chatter. Until then, this is still just a handful of people chatting on the internet about a company that has almost no recognition.
To be honest, man, these are the kinds of posts that don't make sense to me. You're a smart guy. But you're talking about a junior miner who hadn't made money and is about to start doing that. Anything that happened with the stock price until now has nothing to do with what the PPS will be after it becomes a gold-producing mine reporting profits. The only thing it ever reacted to were expectations and delays. There was no other data of any significance because the real game hasn't even started yet. So for you to say what you wrote is saying that you don't believe PT or anyone else involved that gold is being produced and sales will be reported. Sure, someone could wait until there is more hard data and money, but that information will be priced into the PPS and they'll pay a premium by then.
I appreciate that you feel PT is such a good and trustworthy man. I think that means a lot. But nobody is perfect. His ability to handle investor relations certainly has not been. So to be clear, are you saying that he's having an emotional reaction to internet trolls and that's why he's "holding his tongue"? I'm honestly asking. If so, that is extremely immature. Maybe I'm misreading what you're saying but that sounds like an emotional move not a business one. He really has not been very good with investor communication via PR at all this year. Do you think Mexus investors should have been happy about him giving dates that were missed?
When have you seen that happen anywhere with any company? Dates get missed and people get upset. It's how it works with every company. Not only is that not unfair. It's deserved. Personal comments obviously cross the line but there's always some of that everywhere. And why can't he at least post a picture to calm some of the tension from investors in his company?
Sorry, was referring to how we got here
Under a penny. Like I said. Still thin and can move up fast but too much daily bluster and too little buying.
Plus those T-trades.
This is very possible.
Another possibility is that a person is just not very smart. Or maybe in a desperate for money situation in their life. Doesn't take an ivy league grad to know what will happen to a stock when selling high six figure shares in a day with a stock that has struggled to hit 200k daily volume.
Not at all trying to say I know which it is. Just having a conversation about possibilities.
But definitely agree that what has been happening with the stock is not what is happening with the company right now.
Thank you for your thoughtful response and sorry the rest of it got erased. You're clearly a decent and smart person who is respected. I really liked what you said. I just want to piggyback on one of the other posts here, though...considering there is so much anxiety and doubt from some investors...why doesn't PT just release a picture? No news necessary. Just a nice pick showing some kind of proof that what we're expecting does exist. Some kind of current pic that tells a story without word. Hopefully someone will call him and ask for that. And hopefully he'll be willing to do that. If anyone does call, could you please share what he says?
That's the problem with issuing so many shares. Then add in an owner who takes no salary and has to sell sometimes and has also had to dilute to survive (which, yes, is a better option than toxic debt). And then add in a relatively low-volume few months (yes, mostly because it's a very under the radar company who a small number have already loaded the boat on). But add it all up and you have something that 1 or 2 traders can manipulate like crazy. Post-news of sales (assuming the news is strong), it will be much harder to manipulate this stock. More buying will make it more durable.
T-trade.
Again.
Instead of just saying "go Mexus!" why not discuss things like that? If you call PT for an explaination, how about sharing it? And if responding here, try skipping any names or insults and just give an explanation if you disagree with my posts below. If you're going to talk about the buying, then also include the selling in your response please. Or should we just ignore anything that isn't "Viva Mexus"? Can we only talk about the rise to 20 cents? Or can we discuss the drop since then?
If dilution is/was necessary for survival, then it is what it is. But it's still dilution.
If those are your thoughts then how exactly would you think that post referenced you? Unless bluster is now defined as something different.
Mexus investors can be annoying. All that daily bluster but where's the buying volume when they see a good buying opportunity?
That made no sense. Who are the "right" selling holders?
That is more evidence of my theory from last night (quoted below). For those who don't understand what T-trades are in the OTC...
When a big holder needs to sell (very often dilution from ownership), an MM is called. They set a target price for the trade, which will be executed in relatively small lots typically through the day in the hope that PPS won't be too impacted. T-trades are executed during the day and then reported after the close.
If this VNDM action can be traced back to PT, then obviously, he is responsible for the price being down because of the wall being put up. That wall does move when there's enough buying. And he will also obviously be responsible for the PPS rising when he gets out of the way and releases the news of gold sales.
Better volume today. Good amount of buying at the ask. VNDM just moved it down with their usual temporary wall. Basic reading comprehension of Level 2 is all it takes to decipher the trading today.
Good news for those watching the last couple of weeks? VNDM moves up quickly when there's enough buying volume. If buying continues, it's a sure bet that will happen again.
The frustrating news? Same as most of 2017. More experienced investors know that VNDM is a known dilutor. When you see this type of activity in the Level 2, there's a decent chance you're seeing dilution in action. As always, there's no way to know for sure until news is out in the future. But it's definitely a possible answer to the questions, "How does VNDM have so many shares?" and "Who would be selling right now?"
IMO, "nobody in their right mind" is still a correct answer to that last question.
Holding isn't the question. The question is who's buying? As always, that's what makes a stock move up in price.
Nice news, but simple question...
What price do you need to see to load the boat (or re-load the boat)?
Because it doesn't matter what news comes out if shares of APTY aren't being bought.
Very simple...if people don't buy shares, this is going back under a penny.
So what price (or news) do you need to see?
That's what's needed here.
Buying.
Props for being the first one I've seen who noticed/commented on that.
Google it. Spend a few days really studying how it works. It's an essential skill for those with OTC investments. I use TD Ameritrade's Trade Architect platform personally.
I don't understand what you're asking.
Quiet today? Time to learn how to read Level 2 asap.
If you want it to go up, buy more shares.
A share buyback is typically one of the more positive things you'll see in the world of penny stocks. Why? Because share dilution is one of the biggest problems. Most pennies don't make money and need to keep increasing outstanding shares to stay afloat. If you see an OTC company buy back shares of their stock (and have the money to do so)...there's a lot of confidence being shown in that move.
Anyone selling under 2 cents is giving away their money. It's incredibly dumb. I've been watching the Level 2 closely and it looks like it's probably one person. Laughably bad trading.
Incorrect.
I've criticized PT for all the things he deserves to be criticized for. But it's clear what he's doing. You can only make a first impression once. As of right now, it's a very small group of investors who know and/or care about Mexus. That will change when money enters the equation. When he releases the first PR of gold sales, it's obvious that he wants it to be an impressive PR. Not only is that not a dumb thing to do...it's actually a very intelligent decision.
Do you know people who have integrity? If so, you'll know that the last thing that they want to do is feel like their word doesn't mean anything. He knows there were delays and it's obvious that he doesn't want to give any inaccurate dates and information anymore. The first PR of gold sales is coming. Many more will follow. This stock is a strong buy at these levels.
True. But that did nothing for the people who bought in December.
As usual, you are having a completely different conversation. That isn't the point I was making at all. The point was that we need buying pressure in order for the stock price to go up. If 75% of a company's stock is owned by one group of people who are holding it, they are not dictating the daily price movement as much as you want to shout that they are. If that were the case, the stock price would not have dropped from 20 cents to 5 cents this year. Either those 75% or a new set of buyers will need to put buying pressure on MXSG stock by actually purchasing shares in the present time. Looks like the news is going to be very, very good so now we just need more buying.
Well said. Agree with that.
Those 75% you constantly refer to still saw the value of their MXSG holdings drop like a rock from December to September. Of course there is minimal trading volume here and has been for a long time. And, of course, the future looks very bright. But we still need buying volume to move the PPS. Very basic point.
What price are people waiting for to load the boat?
With the amount of enthusiasm that people claim to have here, they should be pushing volume into 2 million plus today.
If you want this stock to go up, it needs way more buying volume.
Still needs buying volume. One big day of buying isn't enough. Ready to move when it gets more.
I hear you, man. Watching it pretty closely right now too. Feels like some others are about to hop on for the ride. I picked up some more a couple of hours ago.
All that talk about APTY here and so little buying at these bargain levels from the people doing the talking. Struggling to hit 300K in volume is weak.
Buying more this afternoon. Bargain prices available.
November 15 was under .08
December 5 was over .20
It moved that fast just on the hope of what's really happening now.
This one is ready to run.
We've had many days struggling to hit 200K in volume. Today was well over 4 million. What a start to the new chapter for MXSG. Let this stock run and you'll be surprised by how fast it can move. Good chance nobody will be laughing at dollar talk in the next few months.
Yeah seriously, let this run. It's ready to move like crazy.