Skip to main content

Possible Share Price Sale Pending?

I know I could be totally wrong on this one, but I just read a press release from a company I hold shares in because of their huge Molybdenum deposit which has yet to be mined, namely Mosquito Consolidated Gold Mines (MSQ), wherein it says that a legal action has been taken by a share holder (former board member) to try and overturn a vote of the members.

Reading this press release tells me that it could bring bad news to jumpy share holders and make them start selling off their shares ... if they do that, as far as I know, and again, I am just a rookie, this could lead to dropping share prices, which to someone like me, a small time investor, that could be good news in that I can start buying more shares at a discount!

UPDATE: Jan 11, 2013
At the original date of this post, (March 26, 2012) the shares were at a price of $0.40/share. Over the next six months, due to the uncertainty of legal action between the board members and former board members, the price of the shares dropped drastically to a low of $0.17/share. Just as I had predicted (got lucky I guess) and now, four months after the low of $0.17/share in September, the company has since stabilized, a new Board of Directors has been elected, a new executive appointed, the focus of the company has been sharpened to the huge CUMO Molybdenum deposit, and the company's name changed from Mosquito Consolidated Gold Mines Limited (MSQ) to American CUMO Mining Company (MLY) in order to give it a new face and reputation.

These changes all appear to have been beneficial to the company, and to the share-holders, because, since these changes were made, the share price has begun to rise again. Currently, as of the date of this update, (Jan 11, 2013) the share price of the American CUMO Mining Company (MLY) is recovering from the low of $0.17/share to $0.30/share. That's a $0.13/share increase since the take-over!

It's my opinion, as a total Rookie Canadian Investor, and a biased share-holder, that great things are yet to come!

You can monitor the current and past share prices of the American CUMO Mining Company (MLY) at


Popular posts from this blog

Good News Update on Catch the Wind

I am posting this update to let others know what I am thinking as I hold shares in a company, and how I react to press releases from the companies I hold.

At this particular moment, I am feeling a little optimistic since Catch the Wind (CTW) released a few new press releases demonstrating to me, forward movement or progress. (keeping in mind at all times that I could lose everything at any time)

In one press release dated March 19, 2012, CTW informed us of a partnership between CTW and Sanmina-SCI in Kanata, Ontario, under which a manufacturing services agreement will see Sanmina-SCI  produce and assemble the Vindicator® optical control system (OCS) units at its state-of-the-art manufacturing facilities in Kanata, Ontario. Under the agreement, Sanmina-SCI will also provide technical, engineering, design and other professional services related to the manufacture of the OCS. This is great because now CTW has a place that will manufacture the Vindicator OCS units for them and will a…

Diamonds and Uranium and Investing Oh My!

About the new diamond mine (Stornoway)  that I own 500 shares of. About half the shares I bought around 2012 were at approximately .66 cents each. Another batch I bought at a later date were around .97 cents and the final batch I bought totalling my share ownership to 500 shares was approximately .73 cents each. Currently the shares are running at around $1.03 which is a good increase for some of my shares. The Stornoway Diamond mine in Quebec is slated to open in December of 2016 so hopefully I can time the selling of some of my shares when they are up. My guess is that they may spike after announcements or press releases in November/December saying the diamond mine is officially opening and shortly after that ... Where I believe they will slowly start to drop over time again with occasional spikes on good press releases.From much of the research I have done into many other mining companies and their share prices ..  It seems the companies highest share prices are found very early wh…

Fourth Purchase - More Shares of Catch the Wind (CTW)

I recently purchased 600 more shares of Catch the Wind (CTW) because they had fallen to quite a low of just .11 cents per share and I thought now is a good time to buy more and potentially profit from any further increases in share price.

I would not do this with just any shares randomly, however, I feel pretty confident that Catch the Wind (CTW) is going to eventually make a profit since what they are doing is very timely given that the green movement is still rather young, and since (CTW) have never given up despite legal and logistical difficulties they experienced as the result of disputes between themselves and their former colleagues, where (CTW) ended up relocating to a new facility and becoming embroiled in a legal battle between themselves and their former colleagues over withheld equipment and financial compensation matters to name a couple.

To recap, I bought 600 shares of (CTW) in March of 2012 at a cost of just .11 cents each. The value of my purchase at the time was $66…