Thursday, June 26, 2014 9:41:56 PM
Again, this is MY perspective on all of this and I've been through a host of mining companies and what I can say from all that experience is that 99% of them are liars/scams. (SFMI, CNEX, IDCN, LLEG, GDSM, SIRG, ARSC, and I can go on and on.)
99% of ALL companies are scams, even your big boards. The difference between a penny stock and a fortune 500 is their 401k, true story.
Anyhow, here are some charts. The trend is neutral/bearish. I'm still heavily bearish and I wouldn't jump in unless this hits .50 or lower. The share structure is fairly small, so if 5 million shares traded hands it would definitely move VERY quickly in either direction of the trend.
If it goes south, play it short (i.e. short it) and make money. If it goes up, buy in and ride it out. But this'll most likely never be a big board stock, it'll never issue dividends and it'll never maintain a constant dollar value as it has no real assets (except undeveloped claims, whoopie do) and no 401,pensions,lease agreements, production, etc.
Regardless, here's some charts. The trend can be confirmed easily.
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