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But did that company have a global macro fund wanting to buy...

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Comfortably Numb

96 Posts.

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25/06/17

20:45

Post #: 25479969
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Originally posted by bunny12 ↑

There was a company called mining group, now metalum, they had a prospect bang up against medusa mining in the Philippines. They had shallow surface costean samples of gold that were indicating 6 oz per tonne, shares ran from 3c to 75c then the drill went down and results were sfa, now prospecting somewhere in South America. Closer to home we had the Rabbit Warren at Mount Magnet back in the 80s, nuggets the size of roo poo big roos, Western Mining paid a poultice for it, drilled the same as mining group, rmx is another one. The posts here on HC were at the time a carbon copy of what is being posted now. Its called gold fever and get rich quick, go for it but just remember "Caveat Emptor".

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But did that company have a global macro fund wanting to buy them out?
No?
And why not?

You see thats what you should be asking yourself. If this is such a dog then why do they want it? Maybe, just maybe they are smarter than us.

BBX Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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