Ay 2.26PM Plunger really went out on the town and splurged a...

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loki01

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22/06/15

16:36

Post #: 15509247
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Originally posted by loki01 ↑

You can pick up a cool 2 million shares for a cool $2,000. It does not get much better than that.

MIZ is not making any money cause it has no capital do they things it needs to do, ie mine its own gold or buy gold ore from local miners (who would want to be paid on delivery of their ore rather than on an expectation that there will be money in the till for them to get paid eventually.

I wonder if the debt position is going backwards once again?

They are obviously going to raise more capital - will the Yanks help them this time given MIZ's failure to deliver over the last 12 months? Whatever happens in the short term, they are going to raise more money, if they can, and dilute shareholders. Perhaps do a 1 for 10 share consolidation first so that when they again hand out those lovely convertible notes they can provide a discount post-consolidation and dilute current holders by a factor of 10 again.

Also, this is end of FY tax loss selling time so expect a dump if sellers can manage to find buyers.

Gold luck punters. Perhaps losses can best be recovered elsewhere when the POG heads back up.

loki (this is a very said state of affairs - over promise and under deliver on an ongoing basis. At least they sucked in some smart money this time so we small timers should not feel that we are alone.)

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Ay 2.26PM Plunger really went out on the town and splurged a very cool $10k on a very cool 10 million MIZ shares. At least when they do the 1 for 10 consolidation he will still have 1m shares against his name. However if the shares do subsequently head down back to 0.1 cent the value of his investment will have fallen from a very cool $10k to a not so cool $1k. There is also the chance that management will actually get things right and Plunger will make an uber cool $100k.

Very interesting day in goldieland. Some movers even now during the quiet time for gold.

loki

TTM Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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