Replies to post #12895 on First Colombia Gold Corp (FCGD)

[Tankorswam]

Yes,
It's called fundraising. Much like girl scout cookies or a charity drive. Except this fundraiser doesn't make you feel good about yourself.

[ksammut]

With billions of shares in the float, it will take a lot more buying to see the share price move. Although 114 million shares have been purchased this morning, in dollar terms, you are only looking at $11,000 being invested/speculated so far today.

300 million and higher share purchases per day will begin to move the share price to .0002 and higher. As someone wrote earlier, there are not a lot of people watching this stock and more importantly investing/speculating. I opened a position the other day purely on speculation that the company will be taking coal out of the ground.

There appears to be enough coal and a decent profit margin to move the share price to the penny plus range even with the huge float. If it becomes apparent that the company truly has begun mining, you will see a lot of new buyers coming in and some adding to their position.