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I say things on Twitter

11/1/11

"How do you spot a junior mining scam, Otto?"

I get that question a lot and the only real way of answering it is via examples. For instance, if you have a junior mining company with a chart that looks like this....

.....pumped by a bullshit merchant like this and prone to news releases like the one we had at 6pm this evening (and 2 hours after the bell is another clue)...
ROUYN-NORANDA, CANADA--(Marketwire - Nov. 1, 2011) - Explor Resources Inc.(TSX VENTURE:EXS)(PINK SHEETS:EXSFF)(FRANKFURT:E1H) announces that it has amended the price of 2,650,000 stock options that were granted to directors, officers and consultants of the Company on January 28, 2010 and of 500,000 stock options that were granted to a director on May 18, 2010, all at a price of $0.92. The price of these options has been reduced to $0.32 per share. (Continues here)

....then it's a safe bet that the people running the show aren't that interested in the financial wellbeing of their retail shareholders as much as they should be, in my opinion at least. Seriously folks, that NR tonight is just freakin' hilarious.