Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Wolverine Exploration -- Ignore unavailable to you. Want to Upgrade?

To: beachlife who wrote (106)	1/27/2012 1:11:29 PM
From: doubloon	Respond to of 173

excuse me, if you have to laugh get it right, it was 5 holes, 4 were finished and the assays were not worth noting, That included the drill team, the geologist, the geophysicist, room and board, and delivery of diesel and core boxes to the drill site. you could easily find another stock to buy if you want to laugh at the cost of that program,

To: beachlife who wrote (106)	1/27/2012 6:05:00 PM
From: Snafu_Sadie	Read Replies (1) \| Respond to of 173

Another iHub post about WOLV said "It will move to .02 and there will be strong volume at that range, then will hold steady in the .03 range until the next event." The problem is, there is no incentive for the s/p to move anywhere near .02 or .03. In fact, it continues to slide slowly downwards, and at each each level WOLV longs continue to insist it has hit a new bottom. The bar keeps dropping. Not long ago that bar was 5 cents. Since the release of the assay results and the excuses about why the good holes weren't drilled and why the drilling ended early, the bar was dropped to 1 cent. The next bar will likely be 1/2 cent, and we'll likely see that hit next week. There is simply nothing to stop the fall at this time. And each time the s/p drops, the likelihood of financing drops with it. Even if financing is somehow attained, the penalty that shareholders will pay for that financing will be a steep one. We've all been involved with one or more stocks like this. The end game never changes. The s/p drops and drops and drops, and management is finally forced into a situation where either a ton of shares is added to the float, or a significant reverse split is needed to get the s/p up to a level where financing is attractive. And when either of those things happens, current shareholders lose any chance of participating in a turnaround because their shares are now so much less a percentage of the pot than they were before. Again, we've all seen this before. The odds against a turnaround are astronomical, but even if those odds are beaten and a turnaround happens, the only people who win are insiders, financiers, and anybody who comes to the table very late in the game. People who owned shares before the drop are always left out of participating in any significant gains because their holdings are so diluted.