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.10 was yesterday's top of the falling trend line. That it dropped 20% today makes it unlikely, meaning that it broke down instead of up.
There's always a chance that it will breakthrough the downtrend at some point, but not today I'm afraid.
Looks like someone did.
Not acting like it's seen the bottom yet, if there is one of course..
I think it already had its' hayday pump'n'dump with a media blitz. They don't often repeat it, or if they do, it's years later. That's not to say it won't hit the .18's this year, but something dramatic dropped it from .40's to .07's that hasn't been adressed. Even if it does, it's not likely to see .40's again.
Looks like the big buy at .10 was overshadowed by a big sell at .095
Well, if it is a run, I don't think it will get past .15, though that would be a nice profit for you at least.
Now they are down to 2 BOD:
http://biz.yahoo.com/e/110429/mrgp.ob8-k.html
Don't companies usually have BOD's from other companies? What's the point of a BOD that consists of employees?
There seemed to be a lot of accumulation at .40 and .16 and where did that end up? If it was going to bounce back, it would have done so already IMO.
Here's where all the mineral money went:
http://finance.yahoo.com/q/bc?s=LEXG.OB&t=3m&l=on&z=l&q=b&c=
52 week low: .12 cents. 52 week high: 7.69
It's probably a very long-term hold for the people in above .30 cents.
Does anyone know what the real value of the company is? As far as I can see they are still paying themselves via stock so how do we know if even five cents is a fair price for this? There doesn't even seem to be much short interest so what could possibly take this to .20's again anytime in the forseable future? That's over a 100% gain from here.
High time to bust a move. Anyone agree?
If volume and pps doesn't pick up soon and break 10 cents I'd be a very worried long.
And why did the larger, more reputable mining company on the other side of the mountain choose to dig where there was an existing village and ignore the side of the mountain that is now rented by Mercer?
Interesting how these people that once touted the company have dried up just like the PPS.
Anyone here think this company is ligit? Do they actually have any revenue?
It got cheaper, but is it cheap yet? Someone just got a few million shares at .05 so If they wanted cash, they could easily sell this back down to that or below in order to liquidate.
I thought this was a Canadian company? Yahoo says it's based in Colorado??
That's really strange to do a reverse split like that when don't have all that many shares outstanding. I guess they thought it would put the pps above $1 again.
That's why it dropped to .13 from .40? When was that news released I don't see it on Yahoo
There wasn't any news to take it down to .13 originally and people were saying that buyin Haiti land wasn't a good idea without so what news gets it to .08?
When the stock was at .17 everyone was so excited to have bought and claimed it was just a low-volume shakeout and now the posters have just disappeared.
Looks like you got your .012, congrats!
What happened to all the posters?
"The Company also announces that after completing due diligence, it was mutually agreed between VCS Mining, Inc., ("VCS") and Mercer Gold Corp. not to proceed with the acquisition of VCS' mineral properties located in Haiti."
There was already a press released yesterday that said they were no longer pursuing Haiti.
My guess. Insider selling
You people aren't too clever are you.