Re. SME.V, Crossy, I'd be interested in your reaction to this post, found on another SI board. The SME stuff is in the 3rd paragraph. (I'm holding SME).
Gib
"Here is another gentleman's concern based on a german article he found and translated:
"A further "red-hot" recommendation, going nearly simultaneously through all German pump and pump stock market letters is the junior explorer Argentex Mining. This company is recommended by a lot of stock market letters and so-called analysts as "the best exploration company in South America" or as a "marvelous opportunity to jump into an extremely promising junior explorer". Argentex Mining is a Canadian based company, which is NOT listed at the Canadian stock exchange but at German regional stock exchanges. The suspicion could
develop that this company is made for German dummies, thus
particularly for the sales to stupid German investors.
Behind Argentex Mining, which is pretending to search for precious metal in Argentina, stands a geologist named Chris Dyakowski. This guy listed a dozen of small companies at the stock exchange, which disappeared usually quite fast again from the exchange list in the last years. The main project of Argentex Mining is a repelled project examined by AngloGold/Mincorp. It has the appearance, as if here already examined and did not judge as commercially usably projects under new name are sold again. Before the trading of Argentex began, CEO Chris Dyakowski gots itself 1.66 million shares
for free. Two of Dyakowskis companies, which failed in the last
years, were Toby venture and San Telmo Resources. Object of both companies was gold exploration with projects in Argentina. For the private investors ended this investment in the total loss.
Out of the rest, he founded the gas explorer Storm Cat Energy as well as San Telmo Energy in which Dyakowski serves again in leading positions and well-equipped with free share and option packages. The culmination of the adacious driving is however the circumstance that Argentex acquired its mineral licenses through Dyakowski of Storm Cat Energy (former known as Toby venture) and San Telmo! Dyakowkis companies are characterised to employ hardly workers and have a large number of usually worthless projects.
© Matthias Kemnitz "
I own San Telmo Energy in a small quantity and this article alone did not change my opinion on it but it does raise some concerns.
With Storm Cat the combination of touts and this article tells me to leave it. Still, good money can be made by the nimble in situations like this. One of my best trades ever was IVAN and it was not far removed from this situation.
Good luck and safe trading. |
