Mexus Gold US (MXSG)

[T-Hawk]

I don't purport myself as anything other than an amateur investor, however, the current trend is not limited to the last couple of days with light trading.

Since December this stock as slowly fallen from the .06 range. The medium-term trend (last 6 months - 1 year) has shown a slow decline from .12-.14 cents down to .03-.04. Longer term, since the December 2016 high of .20 this thing has been in a slow decent.

Let's not pretend the low stock price is due to a couple of frat boys at a BBQ doing some day trading, or a market maker trying to short a stock.

Fundamentally, the company is struggling. It's still possible (I'd even go so far as to say probable) that the company will eventually overcome the challenges and reach production. But until the company can demonstrate it has resolved the production issues preventing it from pouring gold it can sell, the trend will continue downward.

There was supposedly a support base at .12 -.14 that we fell through in the spring of of 2017. Another at .05 -.07 that we fell below at the end of last year (and are currently struggling to maintain. If we fail to keep it around .05 The next support level is .03.

This, of course, assumes the company does not make any announcements of gold produced and sold.