Tuesday, November 17, 2015 12:10:41 PM
There’s a long and sordid history of mining investment scams. Mining Investment Scams have been able to flourish for so long because they appeal to the desire to get rich quick. In exchange for this promise, naïve people eagerly embrace situations that are obviously too good to be true.
Con artists usually begin their mining investment scams by forming a company, raising some capital through stock markets then situating the company, through acquiring claims, close to areas that have had previous legitimate mining successes, like California, Nevada or South Africa.
Once the mining claims and/or rights have been acquired, press releases are sent announcing the recent purchases and linking them to genuine mining operations in nearby locations.
The final piece involves more press releases touting the fantastic results. Surface samples are doctored along with the scientific information that went with them.
In today’s era of the internet, world wide web, and search engines, these tools are exploited to promote these mining schemes at little or no cost. Never rely solely on information in press releases or social media.
Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.
Good DD IS finding out what the company and CEO do NOT want you to know.
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