Replies to post #1133 on Bullion Monarch Mining (fka BULM)

[the cork]

Haven't heard of any bad news specific to here. Of course all miners were jammed in the big take down a month or so ago and there have been varying degrees of recovery since then.

Given the income stream, it seems like these guys should have been more stable, but then the game is rigged to try and shake out individual investors so what "seems like" and "what is" are two entirely different things.

[Lowjack]

maybe it was the fact that they were using cash to prop up the stock price only to do an dilutive offering right afterwards. Not the best use of capital.:-(

[oldguy]

because I added 60,000 shares to my position at 1.44 GOD HATES ME

[geodan]

Why $1.40 down to .87?

Seriously it is a matter of promotion. With gold at $1800 this should be 1.5 to 2.50

How did it get to 1.40? (got to 1.90)

They did a mailer that brought in new investors, that is why. They have not done that for a while. Look at chart.

I have picked up another 5,000 in last few days. If they mail again, then 1.50 or higher. BUT it does not last.

The strange thing is that anyone is selling and boy are they at .94.

Most investors are clueless as to how to value a stock, so you get over and undervaluations. BULM is under.

I do not particularly want them to mail again, although would make me $s. We want them to get coverage by a solid firm.

But news may just do it, if they hit more bonanza grade in Brazil, or get a major as a partner on anything it will soar. It is the best value in gold stocks JMHO. Had another cheapo, DROOY, it langushed but went up 40%, did sell for a profit hoping to rebuy, well its gone crazy since.

BULM will have its day. Think will talk to them again.

Cheers