Monday, November 2, 2009

Constitution Mining (CMIN.ob) and Otto's handy mining investment rule of the day

Rule of the day is:

When an overpriced, overpumped, start-up alluvial sands gold mining scam in Latin America with directors from equally scammy junior mining companies in charge of operations and without enough money to make payments on the options for its already dubious asset sees its share price drop like a stone for no particular reason on big early morning volumes, there is reason to believe that the company is not in a good position going forward and should be avoided as a potential investment.

Did you get all that? I hope you were paying attention, cos there's a quiz at the end of the week.