Erschlossenheit
4 years ago
Millennials never buy for rational reasons because rationality is a characteristic of the patriarchy. Their feminist mothers and bisexual fathers taught them to listen to the sound of a word and if it makes you happy, then it must be good.
And there is nothing Millennials love hearing more about than elephants and dolphins and unicorns & rainbows.
So this stock can do well on its name only. And furthermore, its ticker symbol may show whenever someone searches for SIL which is the well known silver producers, mining ETF. So it can get that crowd too.
It doesn't matter if it has any real business operations. That's not important to the Millennial generation who anyway are unable to distinguish between what is a man and what is a woman.
They bot NWGC solely because of its globalist sounding name. NWGC doesn't have a working telephone or website. It has over 2 billion shares out and no cash apparently. But it went from 1pt to nearly 1 cent in a couple weeks. You could;ve bot a million shares last year for about $200, then sold a week ago for $9000.
This is a whole new world where the worse stocks go up, but the real companies producing silver and gold see their shares fall for lack of interest. Don't try to figure it out.
Middleborder
4 years ago
Wakebe; One of your better posts I think.
"nobody wants to buy stock when all the upside is capped...!!!!!...your paying the market premium and they buy for a dime and sell to you for 2 dollars a share....ruined a great company"
Well, for start ups, especially mining companies, they have salarys but also compensate employees with shares. Its how they attract staff and managment. And yes, it does involve share dilution which does hold down share price and dividends for shareholders. If they survive you may be able to realize a profit on your investment.
Someone once said that mining companies are run for the sake of managment and mining engineers and that 90% of them would never really benefit shareholders to any great extent. Management is always out for itself, you just hope that you find a company that is well run enough to have money left over for the shareholders.
If you think your stock is in one of the 90% it is probably time to find a different stock.
I sold this stock at the end of last year to reduce exposure to international stocks. I might consider owning it again. (It will probably go up now.)
Everyone should do their own due diligence in deciding what to do.