Penny stock
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Thread: Penny stock

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  1. #1
    us
    Dowsing Master, instructor

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    Michigan
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    Penny stock

    Rjk Explorations have been searching for the source of the 800 carot Nippissing Diamond. Not like other penny stocks, they are searching, and have discovered multiple kimberlite locations, along with securing 100% rights to the claims in the area. Cobalt, and Silver areas. Right now the stock is under 20 cents. Me, knowing little, wonder what a stock like that would go to, if they did locate the big diamond source?
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    Last edited by dowser; Mar 26, 2021 at 08:40 AM.

  2. #2
    Charter Member
    us
    An unidentified coin is a piece of metal. An identified coin is a piece of history.

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  3. #3
    us
    Dowsing Master, instructor

    Jul 2005
    Michigan
    MINELAB 2100, L-Rods
    779
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    All Types Of Treasure Hunting
    Hypothetically if they did locate big Diamonds, what happens to the penny stock? Can it go above $5.00 per share, and does the corporation change the stock from otc to a diffrent stock exchange?
    Fat likes this.

  4. #4
    us
    Dowsing Master, instructor

    Jul 2005
    Michigan
    MINELAB 2100, L-Rods
    779
    265 times
    All Types Of Treasure Hunting
    I found my answer. Yes a Corp can go big, and change to regular stock. I'm not suggesting anyone trade penny stocks, unless you know what your doing. I did learn that Amazon not quite a penny stock in 1997 one stock was $18, now one share is $28,000.
    Last edited by dowser; Mar 30, 2021 at 04:45 AM.

 

 

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