Re: Thought experiment thoughts
in response to
by
posted on
Feb 17, 2024 10:06AM
Combining Classic Mineral Exploration with State of the Art Technology
Last year PO bought 19.5M shares at $0.04, and 4M at $0.05. In 2022 he bought about 1.5M at $0.27 - 0.10.
By my rough calculations, he could sell about 2M shares at today's price and recoup his monetary investment (altho at current daily volume it would take several weeks to do so, and would be likely to drive the price down).
The website bio doesn't say when he joined the BOD, but I started buying in 2010 and am pretty sure he was a Board member then.
My concern, not knowing how the mining industry works in a situation like this, is: what if we hit a massive ore bed, and we throw a party but nobody comes? Not likely, apparently. But possible?