Small cap mining stocks International Star Inc (OTCMKTS: ILST) and Mining Minerals of Mexico Corp (OTCMKTS: WIIM) sank 13.33% and 24.9%, respectively, today, with at least one of these small cap stocks being the subject of paid promotions or investor relations type of activities while the other has had no news since last summer. So should you dig into these small cap mining stocks which just dug a hole for investors and traders alike? Here is a closer look to help you decide:
International Star Inc (OTCMKTS: ILST) is Scheduled to Have Its Project Showcased in 3DSmall cap International Star is junior mining Company with several claims in Arizona. Its primary focus is to bring the Van Demeen gold project into production. On Monday, International Star sank 13.33% to $0.0026 for a market cap of $841,161 plus ILST is up 333.3% over the past year and down 74% over the past five years according to Google Finance.
What's the Catch With International Star Inc? According to various disclosures, no transactions have occurred to mention International Star in various investment newsletters. Last Tuesday, International Star announced that the investment community will have the opportunity to view the Van Deemen project utilizing a 3D model by using the pbEncom software. Investors can access the webcast on April 15, 2014, at 1 pm EST by registering with GoToWebinar at https://attendee.gotowebinar.com/register/6761399833621389314. In mid February, International Star noted how the Van Deemen project was featured and showcased using pbEncom's (a subsidiary of Pitney Bowes) advanced modeling software at the world's largest mining show, the Prospectors and Developers Association of Canada (which provided access to over 1,000 exhibitors and 30,147 attendees from 126 countries). The CEO noted:
"Being able to have pbEncom select our Van Deemen gold project is truly an honor. PDAC attendees will have the chance to see project in a 3D visual, seeing the drill holes and results below the surface. We will be sharing this same presentation, via an interactive webinar, to our shareholders and investor community in the second week of March. A date will be announced shortly."
A quick look at International Star's financials reveals no revenues; net losses of $56k (most recent reported quarter), $118k, $147k and $101k for the past four reported quarters; and had $5k in cash to cover $1,440k in current liabilities plus $500k in other liabilities at the end of last December. Nevertheless, investors might want to watch tomorrow's webinar.
Mining Minerals of Mexico Corp (OTCMKTS: WIIM) Has Been Quiet Since Last SummerSmall cap Mining Minerals of Mexico Corp is a mining company involved in the exploration, development, mining, and processing of precious metals and minerals. The company is focused on their efforts in the Tecuala and Huajicori Mining Districts located in the State of Nayarit, Mexico - districts that have experienced gold and silver production dating back through the Spanish conquistadores. On Monday, Mining Minerals of Mexico Corp sank 24.9% to $0.26 for a market cap of $22.98 million plus WIIM is down 48% over the past year and up 225% over the past five years according to Google Finance.
What's the Catch With Mining Minerals of Mexico Corp? According to various disclosures, transactions of $6.3k, $4.5k and $50k have or will occur to mention Mining Minerals of Mexico Corp in various investment newsletters. However and when it comes to news, Mining Minerals of Mexico Corp has been quiet since last summer with the last bit of news being from July when the company announced the addition of a new member of the Board of Directors, Mr. Tiburcio Rubio Lopez, who will also hold the position of Geologist/Extractive Metallurgist. Mr. Lopez brings to the company close to 34 years of direct mining experience in the Mexico. In early June, Mining Minerals of Mexico Corp announced it had received $250,000 which represents approximately 85% of the gross proceeds for the delivery of 200 ounces of gold dory after the successful custom milling and bulk-scale gravity tests undertaken on mineralized material from the company's Gallo de Oro Property in the first quarter of 2013. However, a quick look at Mining Minerals of Mexico Corp's financials shows no revenues; a net loss of $10k (most recent reported quarter) and $9k for the only two quarters reported last year; and $91k in cash to cover $644k in current liabilities at the end of last June (but there is also balance sheet data from the end of last year showing $266k in cash to cover $881k in current liabilities). So its hard to explain why Mining Minerals of Mexico Corp sank earlier today.
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