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Is it possible to profit from an ASX silver miner with all the short selling, dirty tactics and manipulation?

Smithys Bullion - FINE GOLD AND SILVER
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Lenny36

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Silveroo
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Hello Everyone


Someone heard about what I am trying to achieve and told me to post on here. My name is Ben Pauley and I work for shareholders. I don't work for people who try to cheat shareholders in fact I will strongly oppose them..


My love is silver. My mission is to successfully invest in an Australian silver miner that produces profits for a long time. The company I have chosen is Maronan Metals and it is not without it's problems but the alternatives are far worse. Maronan is actually best of a bunch of silver developer stocks in Australia that have had a hard time in raising the share price - even though the underlying silver price has performed well in the last two years.


Over 60% of @maronanmetals is tightly held by Red Metal (44%), Red Metal director Joshua Pitt ~(9%) and Veritas Securities (~9%)


This is Australia's second largest #silver unmined deposit ASX stock, it is only a market cap of $45m AUD with $9 billion worth of lead/silver/Copper/gold in their huge Cloncurry deposit.


It is only 90km away from AIC Mines's Eloise deposit, and most importantly I am taking taking strong legal action of preliminary discovery to expose and stop predators from short selling and manipulating our share price down in future.


I am a big supporter of what Gamestop investors are trying to do to fight back against naked short selling in Gamestop. This is the stock for any GameStop minded ASX silver investor to pile into.


My past background saw me write this very successful petition which was signed 8400 by Australian investors.


www.change.org

Sign the Petition

Stop dishonest practices on the Australian Stock Exchange and demand a Royal Commission.
www.change.org www.change.org


I aim to make this a company where shareholders are the beneficiaries, not the inner circle of directors and not the outsiders who want to barge in and take a big cheap discounted capital raising and take over control of the company at our expense.


If you'd like to participate and find out about all the things I am doing legally and on social media to use Maronan Metals as an example of how ASX silver investing can and should be more lucrative than just buying physical silver, then please email me at Ben.pauley@gmail.com
 
I like the movement but doubt a petition will do anything. You need 100,000 signatures for it to be considered in Parliament, then you'd need the backing of senators to help push this agenda on your behalf. There's almost a guarantee nothing will come from it.

People power is the way to go re; Gamestop. But look what happened to them! The exchanges stepped in and blocked trading.

In regards to manipulation, what they cannot do is manipulate the physical market when there's an actual shortage. Right now they still have access to aboveground stockpiles at their disposal whenever there's a deficit. The moment that runs out (and it's a matter of years, not decades), the silver manipulators will be up shit creek. It's highly probable you'll see change in this space long before your grass movement takes hold. But that doesn't mean you shouldn't stop raising awareness and pursuing your goals.
 
Lenny36 said:
Thankyou
Click to expand...
If you're looking for more insights into current stockpiles, it's worth following @pmbug on X (twitter), or checking in here for his posts in the Silver Price Watch thread.

It can be frustrating to be in the silver space knowing there's no justifiable reason the POS should be where it as, and associated stocks/shares to be so low. As far as silver producers go, they are still profitable at these price levels and also profit from byproduct mining such as Gold, lead, copper and zinc, so they're not really too concerned about the silver price at this stage (which is much higher than it has been).

I don't want to take the wind out of your sails but when you're investing into shares or the physical underlying asset, you're waging a bet today for a better return tomorrow. It's a form of calculated gambling. Almost no market is free from manipulation, and you've just chosen a market that harbours the most manipulated asset on the planet. Many have tried to put an end to it in the past with no success. That doesn't mean you shouldn't try, it just means you should be aware of the battle you're engaging in. If you're willing to play the long game with silver, then you can shift your distaste towards the manipulation into gratitude for the opportunity to acquire more of everything at a discounted rate. If you're seeking a fair market and a quick fix ROI, then Silver is not the place to get it.

Additionally, shares and stocks do not offer you the same security as physical. The return may be better but the old mantra of "if you don't hold it, you don't own it" rings true.
 
STKR said:
If you're looking for more insights into current stockpiles, it's worth following @pmbug on X (twitter), or checking in here for his posts in the Silver Price Watch thread.

It can be frustrating to be in the silver space knowing there's no justifiable reason the POS should be where it as, and associated stocks/shares to be so low. As far as silver producers go, they are still profitable at these price levels and also profit from byproduct mining such as Gold, lead, copper and zinc, so they're not really too concerned about the silver price at this stage (which is much higher than it has been).

I don't want to take the wind out of your sails but when you're investing into shares or the physical underlying asset, you're waging a bet today for a better return tomorrow. It's a form of calculated gambling. Almost no market is free from manipulation, and you've just chosen a market that harbours the most manipulated asset on the planet. Many have tried to put an end to it in the past with no success. That doesn't mean you shouldn't try, it just means you should be aware of the battle you're engaging in. If you're willing to play the long game with silver, then you can shift your distaste towards the manipulation into gratitude for the opportunity to acquire more of everything at a discounted rate. If you're seeking a fair market and a quick fix ROI, then Silver is not the place to get it.

Additionally, shares and stocks do not offer you the same security as physical. The return may be better but the old mantra of "if you don't hold it, you don't own it" rings true.
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Yes thankyou
 
FWIW, I saw Lenny36's post on X asking about channels to reach more Aussie silver stackers and I mentioned Silveroos to him. I know nothing about his issue with Maronan Metals.
 
It's not an issue with Maronan Metals friend, it's an issue with the ASX. It's a promotion of Maronan.
 
It would be interesting to know what dirty tactics you've observed and how the market is manipulated in your view.
 
A quite detailed explanation of the main problems facing ASX investors in the petition I gave the link to
 
Coincidentally, Senator Rennick is bringing similar matters forward in relation to superannuation. He seems the most receptive to hearing complaints about issues within the publics interest. If you're serious about taking these matters further, he would be the man to talk to. But I wouldn't go to him guns blazing with anecdotal evidence, opinions and a link from ABC about high frequency trading. Best to bring to the table some concrete evidence or something close to it.

What did you personally experience that set you off on this journey?
 
Sen Rennick is a champ

Alan Kohler has spoken out about it too

www.abc.net.au

Trade parasites feeding at the heart of the ASX

In the Australian Securities Exchange's Sydney data room, which is about the size of a big lounge room, there are six "cuckoos". These are the banks of servers installed by high-frequency traders. It is too late to stop the high frequency trade parasites with their suckers fastened directly...
www.abc.net.au www.abc.net.au

The first thing that set me off on this journey was an ASX listed company called Devine Ltd where they announced a $4m profit guidance, then a larger company took a 40% stake in it, then two months later they swung to a $20m loss without any explanation. Then the share price crashed and the 40% stake company took us over. Then they went on to make amazing profits. ASIC knew everything and did nothing because there were several AFR articles about it.

It outraged me enough to make this my passion.
 
Lenny36 said:
Sen Rennick is a champ

Alan Kohler has spoken out about it too

www.abc.net.au

Trade parasites feeding at the heart of the ASX

In the Australian Securities Exchange's Sydney data room, which is about the size of a big lounge room, there are six "cuckoos". These are the banks of servers installed by high-frequency traders. It is too late to stop the high frequency trade parasites with their suckers fastened directly...
www.abc.net.au www.abc.net.au

The first thing that set me off on this journey was an ASX listed company called Devine Ltd where they announced a $4m profit guidance, then a larger company took a 40% stake in it, then two months later they swung to a $20m loss without any explanation. Then the share price crashed and the 40% stake company took us over. Then they went on to make amazing profits. ASIC knew everything and did nothing because there were several AFR articles about it.

It outraged me enough to make this my passion.
Click to expand...
Besides a royal commission, what do you propose? I'm not saying you shouldn't pursue this but you're dealing with some powerful special interest groups that would bend the Commissioner of ASIC over a barrel.

Besides the petition, what have you done so far? You're essentially calling for reform, which would fall upon change in regulation. The first step would be getting ASIC to acknowledge the problem, then it would be getting them to do something about it. Some of what you bring up isn't out of the question at all because they already restrict particular short selling activities in the US for those very reasons. But much of what you state in the petition isn't clear-cut. Terms like "collusive trading", "coordinated pump and dump" and "Manipulated buy-outs" aren't as simple to prove or regulate. Understanding the system we're working with and all it's rotten edges, what do you propose for a solution? What does an ideal outcome look like to you and how is it implemented?
 
Well the petition is a lost cause,

I spent that time in my life solely focused on bringing in reform to the ASX and now I am in a different stage.

Through the petition I made plenty of contacts with other shareholder groups. Good people. Now I'm bringing some of them to help me fight the good fight in Maronan.

There will be always be people saying I'm wasting my time, it can't be done etc.

Im going the legal route now. Yes share prices of high value commodity companies are suppressed, especially in silver so that they can be taken over by bigger companies more cheaply. How to find out who is hiding within the company share register doing it, and which companies are selling ahead of the capital raisings with insider information? Who is short selling these companies, knowing there is a capital raising coming and who is letting them replenish their sold stock in the capital raising.

This is what I'm using a lawyer for now.

I have made a lot of the things like 'collusive trading' and 'coordinated pump n dump' much clearer with detailed evidence many times in the past.

When you don't give the details, people say 'where is the evidence'. When you give the evidence, it's far too complicated for the average person to understand..

But in a court of law, the lawyers and the judge have to go to the trouble of understanding it so that's why I'm taking that path now. And I'm only focused on one stock, Maronan because it's the highest value stock on the ASX because I expect silver to go up so much and I know that Maronan directors know they have such a valuable silver deposit that they are now going to extraordinary lengths to hide information so they can get a larger stake for themselves.

They call it Maronan Metals for a reason, they could have called it Maronan Silver but they don't want the attention.
 
Metals extraction has always been about the sketchiest most unregulated facade qnd thats the way it needs ro be because all the industries and tech we arent allowed to know about for another 90 years requires lots of it. I
Nothing so far that Bin Poorly has proposed seems like a sleight of hand....which i guess is out of character in the pm scene....
Pretty sure you wont get banned by admin just yet!
The idea of a miner actually sharing profits seems ludicrous!
 
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