Oh no, the sod has just snookered me.
He's just added 15M buy on top of the 5M @ .1c!!
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bullish oh bullish. I had forgotten about him!!!!.........nah not really :)
This was one of his bullish's doozies written only 5 months ago:
"WOW WHAT A SMART INVESTOR YOU ARE ....or possibly a recipient of a fecal transplant..INVESTING BEFORE THE COMPANY LISTED.........1986 you say..............Any tips of stocks not listed yet that we can all invest in????
Its pretty easy to measure CR. Look at every prior CR and cash balance at time of raise........average that and it will give you a better idea than guesses as to likelihood and timing"
Yup.....a real good communicator was our bullish :t_down:
And my offer from July still stands 'bullish', as I STILL haven't had a chance to reply to your personal message when you asked me about Mathew Hill.
Well the options from the capital raise time before last are worthless no-one wants them,Company thinks they will be worth over 5.5cents one day.I just wish they would let us know when,I have a quarter million of them more fool me!
Wouldn't be surprised to see this dog sub .2 before xmas, even Jonu is dumping his dump truck.
Obviously there's a few who know what's going to happen to this dog and the fraudy over the hill guy.
Where's the gold, Matt?? Where's the gold?!?
Well, someone thinks the gold is still there, cant sell unless there are buyers - maybe we see name change soon? Jonu Gold Mines Ltd!
Matty may be using the company credit card to mop up a few, as a window dressing exercise, or spite, he doesnt want me to get my .1c order filled.
The frightening part of a sub-penny dreadful SP going down is the diametric opposite of what investors had hoped for, i.e. % of invested capital lost by tiny movements in SP.
0.006 to 0.005 = 16.7% loss of capital
0.005 to 0.004 = another 20% loss, for only 1/10th of one cent decline!
0.004 to 0.003 = a further 25% loss !
0.003 to 0.002 = and then a 33% loss !!
0.002 to 0.001 = then halve whatever is left with a 50% loss !!!
And all of those losses are generated by only 5/10th's of one cent adverse movement in the share price. :scared:
Scary stuff for holders of a 20+ year recidivist under-performer propped up by endless optimism of shareholder speculators.
One day it might dig up some gold and reverse the declining fortunes, but if or when that happens is no better than a guess.