Mexus Gold US (MXSG)

[Marty1010]

The thing about Mexus is... At first glance it seems like incredible opportunity to get leverage to gold prices (which many of us think are headed higher).


It takes a little bit of a further look under the surface to see how absolutely ridiculous the company really is. Some examples of this are:

- The newsflow versus actual results posted later in quarterlies

- The fact that the company has more debt in default than its entire market cap (last time I looked)

- The fact that the company has had a negative correlation with the price of gold over the long term


I don't think most retail traders are doing in-depth research on the stock. Mexus investors come on to Ihub and see you all posting about how terrible this company really is, but some are so entrenched in the what they see as a huge opportunity that they dismiss all evidence. They'd rather continue to believe that the stock will make them rich... (pun intended)