Take physic, pomp

Trading Post (Arrivederci edition)

Capella Resources (KPS.v) down 7.1% at $0.13. I note today that this was actually picked out by The Can of Corn for its 2010 watchlist at the beginning of the year. Now 70% down from Jan 1st, it clearly would have paid The Dumbass Zeds to have done a bit more DD on the stock and to have found out just how scammy it really is. IKN knew.

Constitution Mining (CMIN.ob) down 5.8% at $0.73 and word getting out about the sneaky backdoor financing, it seems. This stock is worth much less.

Great Panther Silver (GPR.to) down 2.8% at $0.80. So how’s that breakout going, greenhorns? IKN’s best advice for those who still think this stock is the world’s next shiny happy tenbagger is:

Learn how to read a freakin’ balance sheet one time, willyaz?

Seriously folks. there are so many self-proclaimed junior mining experts out there who clearly have absolutely no understanding whatesoever about the basics of financial reporting, it’s scary. The same people that insisted an über-dog-with-fleas like ECU Silver (ECU.to) was a company on a strong financial footing in early 2009 now swear blind that GPR is some sort of financial example for us all, when anyone who actually knows what to look for can see the direct opposite is true. We know that Bill Murphy is a shamefaced bullshitter, but want we want to know know is whether Mexico Mike is ever going to apologize to the poor saps that he’s been leading up the garden path all this time.

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