Lets analyze what’s going on here with GEGI:
We’ve got a shell that was trading low trips about six months ago. The early birds grabbed a ton because their alerts tripped or they saw huge upside potential and had a longer term vision. As the months went by and the PPS rose, some of the near-sighted traders started to leak out while the far-sighted longs bought more and new longs joined. The sustained time period between .003 and .004 saw a lot of shares flipped and many absorbed into strong hands. Once the .003 area of support broke a lot of the near-sighted traders (but not all) decided to sell and move on. The reason we’re at this PPS is simply because more near-sighted traders got impatient and decided to bail than there are far-sighted traders to absorb their shares. Many of the longer term traders (including myself) bought at higher levels and simply don’t have enough buying power to keep buying. So we’re relying on the handful of existing longs who have power and some newcomers to soak up the low trip early birds who are throwing this stock out the window for minimal gains. It has less to do with trusting Kate & company and more to do with an over supply of shares being fed to the market by those impatient ones.
The DD has been done and presented and the pieces are falling into place, albeit slower than expected, but we’re seeing the DD come to fruition. NVSOS being brought current is a signal of galactic proportions that we’re moving in the right direction. But because of the nature of this OTC market and the number of scams that abound many are seeing the delays and misinterpreting them as a scam in progress. Plus having RP still on OTCM is causing hesitation and apprehension, while the stop sign is creating an impenetrable barrier for those who use brokers that prohibit trading stop signs.
Many don’t realize that in addition to all of the red tape that has to be cut through there is a significant amount of logistics and physical work that has to go into a construction type project such as this. We’re talking about moving giant machines on site, unearthing gargantuan amounts of rock, crushing it, moving it, exposing it to chemical and industrial extraction processes, and finally refining the resulting metals into their respective groups (gold, silver, platinum, etc.). All in a third-world country! That stuff takes time. It’s not like someone came out with a new software program and they are launching it next week. This is truly a patience play, and the product is gold. Tens of thousands of years of value and reliability behind the product we’re producing here. More valuable than cash, better reliability than any electronic gadget or computer program, many industrial uses, collectors value, wealth preservation tool, beautiful in every form.
We are very fortunate to have the opportunity to be in on the ground floor of an up and coming mining company as Cacique Mining. Those throwing their stock away right now are truly making a colossal mistake. Gold baby, freaking GOLD!
Long and strong, locked and loaded, or whatever other metaphor you can think of for I’M IN!
$GEGI
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