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View Full Version : Hammered Microcap Miners



SMan
20-06-2008, 09:30 AM
I've noticed a couple of microcap miners/prospective miners which have been hammered by the markets and OPES prime debacle this year are begining to make comebacks. I hold JUT(OA), RBM and SHE(O) which have all come up 40+% off their yearly lows. Also note Sutlan (SSC) has made significant gains the last couple of weeks. Does anyone else know of small <$10M miners/prospectors which are curretly trading at or near yearly lows?

I like both RBM and SHE as they are utilising exisitng infrastructure and previously stockpiled ore to generate early cashflows - any other microcap miners in a similar position?

TIA

suntboy
20-06-2008, 09:08 PM
Ive noticed one that is going the wrong way for no reason
ARX
They have just done a 50:1 consolidation to make their however many billion shares more managable.
They are currently trying to sell their main asset(or farm out) because they have no idea how to mine , only explore and bllsht
But they do have backers standing by them , mainly LST and more importantly ANZ
I dont think a lot of people have realised the consolidation this week and the price at the moment is ridiciously cheap(how do u spell riddick u osly)
But having said that they are very close to being broke if they cannot deal ,because u would think that the ANZ will not continue to prop them up
High risk but I spent a few shekels today

SMan
25-06-2008, 02:39 PM
Both JUT and RBM making nice gains today