I have a friend involved in Regency Silver Corp (RSMX.V). They have a gold and silver mine in Mexico that they're very well positioned to ready for mining before selling to a larger company with greater infrastructure for running a mine of that size. Drilling results so far have VERY encouraging. This is public info you can easily find, please do your own due diligence. But it's *literally* a gold mine!
Hot tip
- Thread starter tristianity
- Start date
He told me once they demonstrate the mine is viable, the shares could go as high as 7 dollars each. Obviously if the company is bought by a major mining company, shares would soar. They just released a press release saying they secured a private placement of shares to raise 2.5 million in capital. You don't sink that kind of money into a mine unless there's a high concentration of gold and silver.
IMHO - I do not go with hot tips. It may be an up and comer, but there is plenty of time for this stock to prove itself. Is the management of the mine telling the truth, even to their own employees? What is a mine? Is it just a hole in the ground with a liar on top? A mine becomes a good buy on good geological reports that drive stock prices. A simple way for an investor without the best resources is to read the Yahoo financial news on the mine below the stock charts. Regency Silver Corp. (RSMX.V) only has a Market Cap of 15.793M so for me it is a speculation at best since I do not buy stocks under $50 million market cap.
Stock went up 13% on a day the Venture exchange was closed. Amazing!
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Silver is a good commodity to buy now. At worst, it will hold it's value, or in the extreme worst case, it will lose a little. But the demand is huge, especially with EVs using up more silver. Historially, silver's value fluctuates as a ratio to gold's. Right now, that ratio is extremely high, meaning it is undervalued relative to gold.
Probably a buying opportunity
www.macrotrends.net
Probably a buying opportunity
Gold to Silver Ratio - 100 Year Historical Chart
This interactive chart tracks the current and historical ratio of gold prices to silver prices. Historical data goes back to 1915.
www.macrotrends.net
I will bet the Amazing Kreskin can call all horse races 5 minutes after the finish too.
It is hard to trade a stock that only has a Market Cap of $16.425M and only traded 8,000 - 10.000 shares a day. When you want to buy there may be no one to sell to you and when you want to sell there may be no one that want to buy your shares.
So you know what a pump and dump is, your doing it, but you are pretending to be clueless about it. Nice.
Coincidence or the same op Tristan? Pumpers heaven the comment section on yahoo finance . This time his friend is his brother in law.
