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Honestly you're being kind. PT tells us everything is fine and dandy time and time again, and suddenly there's this very serious problem with the recovery process.
I wasn't even aware he was having this much trouble with the recovery process. I thought a year ago we were producing gold! Granted I've been tuned out of this dump since the summer. Another day and yet another problem to fix.
Seems like most of the pumpers disappeared too. This is a mess and I hope people aren't still wasting their time and money to invest in this.
I didn't want to believe you a couple years ago, but a little over a year ago I came to my senses. It's really a shame there were still folks believing this trash would turn around even 3 months ago. No thanks to all the blind pumpers that have quite clearly slinked away into the darkness with their tails btw their legs.
I wonder how many mansions PT and his son were able to buy with our money?
That's the thing w/MXSG though. It's been going in the same direction for a looooonnnnngggggg time now; down; nowhere.
Buy more shares for me and good luck! You'll need it.
I'm waiting for that nasty dip then I'll invest again and resell after a tiny little bump. That's the only way to play this thing. It really is a "pump and dump" stock.
By the way.....
Anyone know how much Deb and Paul are paying themselves these days??? I didn't bother looking through, "shocker", another crappy 10Q. When are ya'll going to learn?!? Oh and who are the "consultants"?
I'm looking for a job and I figured if these "consultants" can do such a piss poor job surely I can do better.
Is PT's son still on payroll too? I can see it now in a year folks,
NEW PR: "A new vaccine has been found to be effective against COVID. Because of this we're still mining next to nothing, even though we promise you the world every other month, year, after year, after year."
Lol. This is a mess. I'm just happy the joke is no longer on me. Some of you are truly so greedy you're begging for a miracle. Listen just don't bankrupt yourselves or borrow from your retirement. Please please don't. Greed makes you do weird things. Trust me I know.
I LOL'ed with this one! Good one. I agree w/you. Actually PT has been far more honest ever since he cut back on the glowing PR's. Can you imagine the hyperbole in a conference call w/him.
That's why I chuckle when folks say, "Call him".
Yeah because he's going to be about as honest as he has been in the last 8 years......wait what's that MarMar. LOL what a joke.
At least I can admit my greed had me make many a mistakes with this company. Not any more.
I'm not advocating giving up. I still have shares in the company. I don't sell because there's really no point when it's this low. Might as well ride it out.
That said, there's a difference to doing that, then lets say, encouraging folks to load up on this stock. I don't know how long you've been around, but Paul has said and done a lot and delivered on less than half of that. He may be a great guy and means well, but unfortunately that doesn't make folks money.
Also I feel sorry for the folks blaming Covid on NO GOLD. If anyone can tell me how Covid DRASTICALLY affected mining operations in Mexico I would love to know. It's always one excuse after the other.
I seriously hope you all still aren't investing in this thing. OMG.
rich,
when will you stop this? please stop. i suspect you're close to retirement age. please, please just stop this. you have the talented knack of making an atomic bomb sound like a harmless firecracker. i fear that you're financially much better position than others. i'm in my 30's. but i'm smart now. do you really recommend this garbage to guys/gals in their 30's? isn't it enough to be satisfied w/your choices??? why do you make MXSG out be something that it has NEVER been? you are so frustrating and a part of the problem.
I appreciate that, but it's okay! 7 years is a good amount of time to heal. She was my best friend, but I only mentioned it because I quite literally saw family members do VERY well w/this stock "back in the day". She's at peace so that's a blessing!!
I think I was trying to really say that I've been "chasing" this stock from day one! And that's the problem. I finally got smart and had to let go. Painful yes, but absolutely necessary. I was able to make a little money playing this crap short-term. Unfortunately, I still have a chunk that's long-term or bust. Though I'm not stupid.
I believed and prayed for a long time. Now, I'm just not that stupid. What's upsetting is the longs w/their blind faith getting innocent folks wrapped up into this. That really just doesn't sit well w/me.
No worries about my mom (thanks to all those for the words). I really didn't do it for sympathy. It really was to drive a point. Why I'm so connected to this horrible stock you know. But thanks I appreciated that. It's been over 7 years. Crazy how much time has passed, but in a way I'm blessed I had to deal with that type of trauma before my friends. Now, they're all dealing w/it and in a way I'm thankful I don't have to!
Listen, you were not my biggest fan for a LONGGG time. So to agree w/you is a big step! But hey, to say you were right vs losing more money, I'm cool with, "You're right!".
Honestly, I really dont' want anyone else to fall for this. It's the same thing, over and over, and over again, and I honestly do believe it's a lot of folks holding on to fantasy that have kept this toxic thing alive. It's just not right in my book.
So to everyone reading, gitreal has never been a fan in my book, but hell, in the end I believe him more than I ever will PT and MXSG. It's funny. After all these years he is STILL consistent. I can't say the same for MXSG lol!
Let this be a cautionary tale.
And I'm going to try and be as serious as I've ever been on this board. I was initially roped into this stock by mother. Unfortunately, when she she wanted me to invest was right after the 2008-2009 financial crisis. I was young and dumb and lost A LOT after that. So much that I couldn't invest. And so I watched my older brother make 30K on this stock and my mother six figures. No joke.
The fundamentals seemed far more promising, and back in those days MXSG "stretched the truth" in their PR's far more than they do now. So I stumbled on in work and unfortunately my mother died a slow and painful breast cancer death. No inheritance as my dad is still alive, but I received a considerable amount of insurance money. I was only 28, still young in my book, and yes I know, but I thought somehow investing in MXSG would keep her memory alive.
So lets just say around 2013 I finanlly invested like I wanted to. Not at MXSG's all time highs, but certainly no where near what it is today. Luckily, I was smart enough to paay off my debts first. So in the end I lost money that technically I never had. A GREAT lesson for a man in his 20's. I hoped, and prayed, and hoped, and prayed for nearly 4 years. I think I had naturally gotten out of my depression that followed my mom's death and the MarMar fiasco shocked me back into reality.
It was hard to finally cut my losses, but that's exactly what I did. That was in 2018, and now it's interesting to see moderators and other "longs" who were longs alongside me, now turn against MXSG. It took them a bit longer than me, but I think it's an inevitable journey for most longs.
I feel really sorry for the longs still trying to justify horrific fundamentals and now inserting COVID as a variable into an equation that MXSG NEVER mentioned.
Even if MXSG strikes gold in 5 years and hit's 0.10 it is STILL the wrong thing to suggest that people load up! Are you kidding?! If it hits, it hits! We all win! Load up when the financials look better. It's one thing to brainwash yourselves, but it's another to dole out such reckless "advice". NOTHING about this company's fundamentals are healthy. As people have rightfully pointed out, MXSG is still borrowing. Enough is enough. Investing in stocks is just as much psychology as it is fundamentals. Please don't let your greed blind your common sense.
Let me put it this way. What's worse? Being a millionaire or being bankrupt?? You invest in stocks accordingly! Meaning, "is this stock more likely to make me millions or make me bankrupt??". If you get lucky, you get lucky. But you don't invest on luck. You invest on being smart. Also put another way if I had held on to my initial investment in Apple in 2006 (straight out of college) I'd be close to a millionaire today. Unfortunately when you make 7K at 22 and straight out of college w/o a job, that's amazing! If I was SMART I would've kept investing in Apple, but I didn't. MXSG shouldn't be any different.
That is all.
Exactly. But this is NOT a long-term stock. As long as gold prices remain at this level I expect MXSG to hold its own in the short-term. The Dow is due for a correction in general as the fundamentals don't justify its numbers either.
Lets also not forget that bad news takes awhile to hit MXSG. I remember the Mar Mar fiasco well. It took months to bleed out slowly, but it did. It's been a day. I wouldn't read much of anything over the next couple weeks tbh.
I wish all the longs tons of success!! Unfortunately a part of my investment is forever tied w/this stock unless it ever hits 0.02-0.03 cents again, which I highly doubt.
So please trust the negativity isn't because I'm not invested, but because I'm no longer going off of emotion and there are only so many lies wrapped up in half-truths that you can take. The latest report did not disappoint. As usual.
Make what you can through short-term holds!
No one thought that because the company NEVER indicated ANY of this to us. An therein lies the problem with MXSG. It's the same problem they had 2 and 3 years ago. PT's penchant for over-promising, over-delivering and stretching of the truth. Some call it lying other's call it posturing.
Whatever the case, it's fundamentals are NOT good. Saying things like long-term bullish is reckless. This is a pump and dump stock and nothing more. I actually made a little money in my latest effort and will ONLY continue to play this stock as such. This is NOT a long-term investment.
It took me years to come around to reality, but finally I stopped letting greed and dreams of some historic payday stop playing with my psychology and reality.
There's a reason that year after year you're starting to see more longs turn on this company.
Why people continue to waste money on this endless money pit I will never know. How many years of disappointment can people take? Move on and cut your losses. That's how you survive to see another day. Don't let this company take you down.
Who knows, maybe by next year MXSG will make it to an 1oz/day. That said I'll continue to play, but only in the short-term, while people run around scared and put their faith in humanity into gold. But please rest assured, once the gold hype comes to a close so to will MXSG.
LOL. We all know how slow this company moves. This will NEVER happen in our lifetimes!
I don't think it's management I just think there isn't much gold! I sold today and actually made a profit from the month run up! Now I'm on to better, safer bets once again!
Well at least I made a little money thanks to the month long pop! Barely puts a dent in all that I've lost, but for now and once again I'm almost done with this company.
That Paul mislead you is not a shocker! I realized the game was up 2 years ago. Why in the world are you folks betting and praying for a "get rich" come up when there are SO many better stock values out there???
If you played your cards right you could've set yourself up with the last stock market dip back in March, rather than worrying about this gold loser. This stock is meant to be played in the short-term. Learn folks learn!
I am baffled by the recent and dramatic upswing in this stock. Can anyone provide insight into why? I still have my doubts, but considering I'm stuck with this stock I find the upswing mildly comforting. Thoughts?
I feel like you were a strong cheerleader of this stock not too long ago. No? What changed for you?
I lost faith 2 years ago. I've since averaged down significantly, which wasn't that hard to do w/a few hundred dollars (which is pathetic in and of itself), but yeah I think it would take a miracle for MXSG to come through. I just had a few hundred to spare and I've since made MUCH wiser, and not so much fly by night, trading decesions and done significantly better.
To be fair I only lost a few thousand w/MSXG and I'm only in my 30's, so not a big deal. I learned a lot of valuable lessons from this stock, so it hasn't all been bad. If MXSG somehow pulls through so that I breakeven well that's great, but certainly not expected.
Maybe it's wasn't you, but I definitely have seen people here state there is no gold.
Yes, but I don't remember you suggesting that it would be a two to three year process. You seemed to suggest at the time a more imminent type of collapse, but maybe I'm wrong. I don't really feel like going back two years to check.
So how long do you think until it's the end of the road for MXSG?
I'm not even trying to be snarky as I'm much of a skeptic these days,but I also still have the stock. Can you please explain why the toxic death spiral you predicted to come in late 2018 and 2019 never came? I'm honestly just asking because I'm shocked MXSG is still able to churn along.
We are not naysayers. Many of us believed in MXSG far longer than we should have. Many of us still hold shares, including myself. I pray I’m wrong but this would be the 10th time I’m excited about MXSG “news” only to be disappointed once again. These type of PR’s are nothing new.
2 years ago the “news” was even more exciting than this......only to find out it was a lie. Anyway hope you’re right, but I won’t believe it until I see proof of these so-called sales. We’ve earned the right to be jaded.
I thought MXSG sold some gold last year??? Agree with everyone else; I’ll believe it in a sec filing. W/the shenanigans I’ve seen with this company year after year you’d be a fool not to.
22ozs???? What is anyone supposed to do w/22 oz's? Wow.
They don't. They're just saying that. It's denial. I was excited for a second a couple months ago, but really I've mentally prepared myself for MXSG loss well over a year ago. You live, you learn. You win and you lose!
I think at this point anyone thinking MXSG is going to hit some magical jackpot really needs to be real w/themselves. It's the same story, year, after year, after year. I mean literally jump back 2 years ago; actually there was far more progress.
The people that keep saying "they're buying"; I don't believe you. Anyway, maybe the next time I log on we'll be rich! Or MXSG will be bankrupt. Either way, I hope people aren't losing sleep over it at this point.
OMG! I haven't signed in for months only to see MXSG at a 52 week high?! LOVING IT! I had my doubts, but so glad I didn't sell.
Good luck to everyone! What a great surprise!
Admittedly I haven't been paying much attention to MXSG in the last few months. I'm surprised it still hasn't declared insolvency. Are people still clinging to hope that MXSG will produce enough gold (this year) to raise the share price from its current and abysmal level?
I'm not going to call MXSG a scam, but last two years of "almost", "just about", "soon" and "on the verge..." has been fed to us how many times? You can only jerk people around for so long. Anyway, this has been a good learning experience and maybe MXSG will produce a lot of gold. Who knows. All I know is the last 2 years and that MXSG has nothing to show for it.
Says the guy who's been rooting for MXSG's failure for the last several months. Touche.
So sorry to hear this. I too am in the red, but I suspect my losses are minimal compared to others on this board. I've been holding out for a glimmer of hope that gets dimmer with each passing day. But I've literally written off MXSG as a loss for months now. It's factored in so that today's slaughter doesn't really mean much of anything.
Good luck to you in the future! Hey who knows maybe a miracle will happen.
Maybe we're looking at the wrong board? I don't see posters, except the usual 2 or 3 eating much of anything up. Hence the stock price. The board is inundated with the same 4 or 5 naysayers (I'd say at least you are balanced in your opinions) and the same 2 or 3 MXSG is gold crowd.
Outside of that not much of anyone posts much of anything these days. And certainly MXSG pr's are taken with huge grains of salt. The PR said much of nothing. I think most investors got that, but are still on the sidelines waiting to go big or bust.
Rich,
This is exactly what others, and maybe you (I can't remember), stated literally a year ago around this time. Money is saying don't expect results in December.....with no timeline because MXSG hasn't given one for results.
This "just around the corner" spiel was also repeated in February and March 2018 before the huge disaster that was announced I believe in April.
What makes you think this time is different? I'm not asking to be smart. I'm invested in the stock. I'm simply asking because last year there was more interest, the stock price was higher, MXSG had less debt, and honestly it seemed like MXSG was more likely on the verge of success; that turned out to be a huge disappointment.
I try not to come on as often anymore, but it just seems like there's so many question marks. I'm glad you're confident though. Hoping you're right.
Well when should we expect results??? If not in December when???
That's a good analysis/question. Does anyone know roughly what the timeline would be to drill and get results?
I would prefer MXSG says nothing too and that's definitely what they've been doing since that debacle in March/April.
We will know soon enough if MXSG goes big or goes bust. Mexus has learned it's lesson of issuing PR's with "imminent production" thankfully. At this point I honestly don't think they would've released their latest PR regarding the drilling contract if it really wasn't happening.
What none of us know is what the samples will show. If sample assays prove gold reserves IMO Mexus stock will experience a significant bump. Additionally we can expect an infusion of outside capital that will once again bring this thing to life.
Again it's either big or go bust. Hoping for big, but we shall see.
True. But it's down again today because fundamentally nothing has change. The bump was most likely from day/swing trades. I was just cautioning everyone from getting too excited over a bump w/o news.
ETA: Looks like it may close up. Still not sure what to think of it. I still think it's swing traders, but hopefully you're right and I'm wrong. I would love to be wrong.
I'm not really sure what to think of the upward movement. It definitely has nothing to do w/ fundamentals as nothing has significantly changed that I can see--if I'm wrong let me know.
The bump could just be day/swing traders looking for a quick profit. Nice to see it above a penny, but I would be cautiously optimistic as MXSG still has a funding problem.
So now it's September, October, November or December? Why not next year?
So in other words you really don't know just like the rest of us. Pure speculation on your part.
If somehow MXSG can get a JV partner then we might have a shot.
To me it's starting to look more and more like MXSG was simply extremely incompetent when it came to due diligence, as someone pointed out, and ensuring that MarMar was doing what it was supposed to do.
That works for me a whole lot better than lying by omission, which was the feeling I had until the latest PR.
We still need some luck. I was on the verge of selling a few weeks ago, but a hunch told me not too. Hopefully that means something. We shall see.
Anyway, I sure hope you're right.
Two months ago you made it sound imminent. I went back and re-read all of your posts. Now it's "just begun".
I'm not saying MXSG is going to produce gold or that things look good, but I can say your hyperbole was off the mark. That is all.
The last paragraph and dire predictions were pretty inaccurate.
I don't know where MXSG is going to go, but many posters on this board were definitely wrong about the "toxic death spiral".
That said, still not impressed w/the latest PR, but I guess it's better than where we were 2 months ago.