Sterling Mining Falling Wedge
I recently posted some charts on Caledonia Mining (CALVF) with a bullish falling wedge. Well, it did not break out, but it did go lower.....
What will happen with SRLM? I am looking for a breakout higher again.
Labels: Bullish Falling Wedge, Caledonia Mining, CALVF, SRLM, Sterling Mining
posted by a at 8:09 PM
1 Comments:
Well, now you know. Management just diluted the company stock by 5%, and sold the "rights" to one share of stock and two warrants for 10% less than the stock was trading at!!! Can you say dilute the shareholders? I own a good size position in this stock, and I'm beginning to get the feeling that i will be stapling the share certificates of this one up with the Sunshine Mining Co, Inc. ones i held till they were worthless about 14 years ago. Can't make money at $18 oz silver? This mine is cursed, i'm beginning to think.
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