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Sunday, December 20, 2020 4:03:09 PM
Others like HIVE (TSXV) whose stock is trading at approximately 10 times UAMA POS.
Seems like HIVE knows how to make money mining without the silly BS underground cooling. Its about building scale as fast as you can with the most miners you can. No points given or higher stock value for High School science experiments and violating local land-use regulations in Quebec.
Don't know much about HIVE though don't care as they know how to do it and their "hockey stick" stock chart is strong evidence.
Meanwhile UAMA is in a "world-of-hurt" under Benoit Laliberte, the convicted criminal CEO (says THE Canadian Press). In aftermath of $47M bankruptcy of Teliphone-Navigata-Westel there's nothing left of former operations and company can't easily access expansion capital with convicted criminal CEO and recent bankruptcy.
All the makings of a truly bleak future for UAMA.
CAVEAT EMPTOR!
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