Various promoters worked hard again on Friday for the rise of CPMCF share price and at the end of the day the promoters could confidently brag about the enviable results. According to the disclosures $5,000 in cash have been paid again to four promoter and since the start of the promotions the stock has added 680% to its market value, has become much more poplar among traders and has substantially improved its technical parameters.
Nothing has changed about the state of Coastal Pacific mining business, but it seems that that the previously announced letter of intent to acquire the Santa Rita property in Peru has provided the promoters with a lot of support. Over the last week, updates and details have been announced every single day and by Friday the stock gained enough of traders’ interest to break up. The upper price band was broken and the share price closed at $0.33, a total increase of 106.25%.
After announcing the start of $1.5 million work program on the Hotstone Gold Property and the substantial merit and potential of the Santa Rita property, today’s trading session will probably also be a dynamic one as the next step of the PR campaign has been undertaken. The signing of a definitive option agreement for the 50% interest in the Santa Rita property has been announced.
Unfortunately, Coastal Pacific do not have the needed funds to realize all the expected merits of their optional mining properties, which means that some fund raising activities should be the subject of the next promised by the management corporate updates.
