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That's a good point, but it also means it doesn't take much to move a low float stock to the moon.
Not pumping, just stating a fact.
A lot of people could end up chasing this next week.
Authorized Shares are a whopping 1,970,000,000!
It has great potential to print and dump shares on dupes who think they really have a chance to produce gold. They're light years from production--if they had anything to produce...which they don't.
Impressive what a low float can do with any sort of buying pressure.
Yet the news from BONZ remains as rare as gold itself.
All that bid sitting paid off.
Maybe if a golden meteorite lands on BONZ's property. Otherwise, they have no gold.
Gold is now $1,538. Multiply that by the gold BONZ has:
$1,538 x 0 = 0.
ZERO!
Up $11--wow. Congrats to those who cashed in.
BONZ HAS NO GOLD.
DESERT DIRT? Yes, that they have in abundance.
S_C_A_M_!
With the currency wars, JNUG should reach $100 easily this go-round.
Gold is going ballistic.
I agree, but the news would have to be very significant for that to happen and if it did, there'd be a lot of people chasing the skyrocket.
The mid $70s would have been a good entry here.
I missed it.
This one is weird--almost no volume, huge spread, and low float.
Could break down big time or up big time--at any time.
BONZ produces no gold--just desert dirt. There's no reason for this to go up, other than blind cheerleading and hype.
Gold was up nicely today--along with most PM stocks. BMIX didn't go down because of the stock market going down. It went down because they talk about having the goods, but they can't show that they have the goods.
Making progress, actually. In 2008 we rewarded the banker criminals with taxpayer-funded bonuses.
Bottom might be in.
.001 is where it likes to stay--what goes up must come down.
Frankly I'm a bit surprised that it reached .003....on no news. Maybe they bought two shovels. LOL
.01 was defended fairly well--for now.
This will probably be back to .003 by the end of the week.
LOL--good point.
Nice rebound for the lucky flippers, but who knows if that was the bottom...
Is that the news? Management bought a shovel from Home Depot?
Wrong--the bid just evaporated--stick a fork in it.
Lucky Friday is shut down, though. It won't stay shut down with rising silver prices. The question is...will they rise fast enough to save Hecla? Dunno what the short interest may be at this point, but I'm thinking many are betting on bankruptcy.
$100 seems a long way away now...
Sure looked like dilution to me--but I like the company and its potential.
I'll probably get back in next week. Want to see the bottom put in first--may be this is it.
Fluff news won't do much here--look for the mini soap bubble to pop.
I picked up a few shares via bid sitting today...
....I'm sure I'll regret it tomorrow.
Sure does smack of dilution going on--hard to know when to get back in. Instead of $4 this may retest $3...
BONZ has plenty of regular dust...and desert dirt. No gold dust, though.
I've watched and learned for 40 years. I know a pump and dump when I see one.
This will easily slide back into the .02s tomorrow. Those who were smart booked their profit and they won't be back.
Game over.
Looks like sub-cent is coming at this rate. LOL
What a pump and dump dog.
Already lost nearly half of its value from the HOD.
Sad.
It's a falling knife at this point. Why try to catch it?
A lot of bag holders got suckered into buying this junk today.
The more they run it up today, the more it collapses down tomorrow.