Penny stock

dowser

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Jul 13, 2005
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Michigan
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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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dowser

dowser

Hero Member
Jul 13, 2005
892
310
Michigan
Detector(s) used
MINELAB 2100, L-Rods
Primary Interest:
All Treasure Hunting
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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?
 
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dowser

dowser

Hero Member
Jul 13, 2005
892
310
Michigan
Detector(s) used
MINELAB 2100, L-Rods
Primary Interest:
All Treasure Hunting
  • Thread Starter
  • Thread starter
  • #4
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.
 
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xaos

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Jul 3, 2018
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Diamonds and mining scams are everywhere...
 
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