Get real. The executives of this company have been lying to the public for several years now, why should they change now. There only intent is to waste away the remaining cash and then when they can not pay the utility bills they will close the doors and turn out the lights and go home.
And now all the executives are jumping ship which they should have done a couple years ago. Oh well the company is now being run by a CPA, When he leaves the janitor will take charge. It should not be long now before this pos stops trading and joins other discontinued companies that are lying in the salvage yard.
Even selling off the assets will not pay off the debt so shareholders can forget getting anything. Assets will bring next to scrap prices.
You very well may end up eating your words. Donald Trump proves each day he is saying an supporting what the people want to hear. And the more they attack him with their nonsense the more votes he is getting.
Somehow these guys must get it in their head that not all gold mines are alike even when they are located in a particular area. We have already found out that F2 has little gold and even that is hard to get extracted from the earth.
It is best to sell them and then take the losses. I suppose once it becomes delisted you could try to take the loss and see how it turns out. If you can not trade it then certainly it would appear to be a loss. I would do it. Realistically you should be selling it now. This stock is finished and there is not much chance of it ever avoiding bankruptcy.
I did indeed mention negative retained earnings. I doubt seriously if you even know what retained earnings on a financial statement is. In do time that part of the financial statement if it continues will do in the company. It will not happen tomorrow but it will happen. It might come as a shock to you but any corporation exist for the purpose of making money. If they do they stick around, if they do not then eventually the go under. You can not find any corporation the exist to lose money year after year even a gold mining company. If you are going to invest, you had better take some investing courses because you are in bad shape.
What a moron you are. Did anyone every tell you that one day does not make a stock market. If you ever get dry behind the ears you might figure that out. Load up on MUX. All is going well at the moment, but this will not last. Hopefully you will borrow enough smarts to get out in time. Gold is going up and MUX is much more in silver and silver is lagging gold. When you are left holding the bag will see who looks smart then.
No you do not. All you do is list the stock on the schedule D form when you do your taxes. You will have to provide info such as date of purchase, date you sold , purchase price and sales price. You can only take as much as $3000 loss for the year and all other losses will be carried over to future years.
I am sure they did not know any less than you did. All this means is that you not only made the mistake of comparing one mine with another in the area, you were stupid enough to compared it with another mine that was also having some problems. By the way what difference does the amount spent make anyway? Any way you slice the pie they spent far too much in a losing cause. Face it you were wrong from day one in just about everything you commented about. And some of us seen through you early on. You were a dead give away.
They can not find anything to process. You can not make gold out of dead fish from the lake.
That is good news. This miner has no business paying any dividend. They have no earnings to allow paying a dividend. They need to eliminate the dividend totally.
It was clear a long time ago that this mine was a failure. The big problem came when management was able to get their hands on far too much easy cash. They got busy and burn through that money, with much of it satisfying their expensive salaries. They also went out and bought a lot of expensive equipment with little likelihood of ever actually using it. They are merely buying time now. They know their days are numbered and before too long the company will fold. Each day brings the company closer to death.
One step at a time and the stock will soon disappear and long be forgotten. It will just be one more corporation that bit the dust and died a slow painful death.