SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: maxncompany who wrote (45470)7/23/2007 4:04:49 PM
From: E. Charters  Read Replies (2) | Respond to of 78417
 
You are starting to get the idea.

The old ploy, when promoters could get free stock from a company, was to borrow as many unregistered shares as they could and while the drills were turning promote the shishkebob out of the shares and sell more than they actually owned. The real fear was that they might find an actual mine. Usually it was inevitable after a few holes that they would run out of ore and if they did not, the property manager could be instructed to 'run out' anyway. So the stock would come crashing down and delivery ofthe over-sold stock could be made at lower prices. It was always a slam dunk deal, that few caught on to, or if they did, they never let on.

Fort Knox Gold in Fawcett Twp. was such a play (Ni in 5 holes) even if it was run by Inco in the latter stages. A guaranteed overdrill and drop. You can always tell when it is hard to sell at the perceived high. For some funny reason, the brokers are hard to get ahold of. Funny. Could never figure that out. Or they have some lame excuse as to why they can't sell your stock.

EC:<-}