Again, Iron, why average down here at .0023 when the best time to buy in will be at the bottom. At .0006, we'll be able to buy 400% more stock than the current levels.
Just look at the chart. Do you see a bottom on this thing? Nope. What you see is what I have been saying... a continuous 1/2 life carbon decay. This has not stabilized on a bottom at this point. Look at some others stocks that have hit bottom and you'll see what I mean. When a stock finally hits bottom, it needs time to percolate and allow the indicators a chance to reset. This bad boy is not at that point as it is a cold as ice.
Plus, even if this were bottom, there is nothing to get it to bubble up and get going again. As some people have posted here very recently, there is no production. And with no production, we have nothing in the hopper to get this to warm up to. So, until this hits a bottom in the mid triple 0s and has had a chance to warm up and the company has righted the ship with generating some excitement about truly being able to emerge from BK with some real production numbers, there's a whale of a downside to come.
This is what the longs are now finally starting to figure out. Too bad they waited this long as they have taken on some serious losses. But, at least they are getting something back here instead of riding this all the way to the very bottom. And as you can read from a prior post from the longs that just bailed, they also agree that they think this may take as long as another 6 months before things start to heat up again. And, imo, the courts won't wait another 6 months. Why else do you think Interstellar is buying up all of Gwenco's debt? It appears Interstellar is seeing the end game is nearing for QMNM, too, and they want to be able to take over the mine once QMNM is forced to close up shop. And why not because QMNM has done the majority of the work of getting the mine back in shape. That's just the way it goes, sometimes.
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