Nilam Resources Inc (NILA)

[TheFinalCD]

good post hopefully saved some people money

$NILA Surges by 487.88% to a $5.4M Market Cap!

⚠️PINK SHEETS LISTED PENNY STOCK PUMP UNDERWAY

Allegedly a "gold miner" with no verifiable facts and $29,000 in cash, being pumped by #bitcoin proxy on an $1.7 BILLION $BTC PRESS RELEASE -- loLiE pic.twitter.com/4acn7su1v7

— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 26, 2024

Message in reply to:
No, South American Gold Miner Nilam Resources Is Not Buying $1.70 Billion in Bitcoin

By Bary Rahma
25 March 2024, 22:30 GMT+0000
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Updated by
Ali M.
26 March 2024, 07:23 GMT+0000
No, South American Gold Miner Nilam Resources Is Not Buying $1.70 Billion in Bitcoin
On March 25, news surfaced on the internet about Nilam Resources, a South American gold mining stalwart, announcing a strategic shift towards Bitcoin. It detailed an ambitious acquisition of MindWave, which holds a staggering 24,800 BTC, among other assets.

However, Bitcoin analyst Tuur Demeester condemned the news as a “stunt from a dying penny stock.” Likewise, broadcaster and filmmaker Max Keiser said the news looked like a “pump and dump.”

The deal was supposed to mark a billion-dollar leap into cryptocurrencies involving Nilam Resources issuing a newly authorized Preferred Class of Series C Stock. These were to be exchanged for the 24,800 BTC at a rate discounted from the current market prices.

Nonetheless, the news has been debunked by several key industry leaders, and some news outlets have decided to pull it off. This latest “stunt” reflects the need for due diligence in a market ripped with speculation. was on Stocktwits !! ??