The bars will be full tonight for penny stock traders who walked away from their level 2 screens after thinking Santo Mining Corp. (SANP) would end flat. The penny stock did end flat, like a flat tire after someone finally took noctive that the Stock Market Authority group wasn’t running the trading session click ads they have had turned on for the last two weeks. The effect finally sent SANP stock into the ground of their new 42.75 square kilometer claim in hopes of bouncing back Tuesday.
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SANP Stock Chart
Market Cap: 51.27M
Close: 0.81, down -0.76 (-48.41%)
Dollar Volume: $2,132,246
Average Trade Size: 1,425
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The pre-coffee monring news was that the Company acquired 100% of Gexplo SRL’s rights to the Shalee gold exploration claim in the Dominican Republic. With a soft opening, gaining just 2 cents, SANP stock dipped to trade in the $1.33 range for the remainder of the morning session and through lunch until finally waiting for 15 minutes into the power hour to take a nose dive.
But their highly prospective 42.75 square kilometer claim is within the famed Hispaniola Gold-Copper Back-Arc, and surrounded on all quadrants by numerous historical mine works and new gold discoveries. So what.
But the most famous among them is the world-class Barrick Gold Pueblo Viejo gold mine, located to the southeast with 25.3 million ounces of gold and 147 million ounces of silver. So what.
But other significant mining concerns in the vicinity include Perilya Gold’s Cerro de Maimon gold mine, also to the southeast; Falcondo Xstrata’s massive nickel complex to the east; and Goldquest to the south. So what!
About SANP Stock
Santo Mining Corporation is an aggressive, PR focused, junior minerals exploration and development company that has no chance in a million years of pulling even a gold filling from the tooth of a former Hispaniola sailor from the 15th century who may have been abandoned or shipwrecked in the Dominican Republic.
Bottom Line: The penny stock pump of SANP appears to have already lost the momo-juice that its predecessor SEFE had. Perhaps if SANP stock was issued as an alert in the Spring prior to APS and their hackers fluffing VLNX or TBX abandoning VKMD, traders might have a bit more liquidity and patience. Instead, its all chaos and order may never be restored on the OTC.
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