Viking Minerals Inc. (OTC:VKML) could not have got off to a better start of the week. Besides the brand-new corporate update which popped up yesterday, it has now followed the same promotional scenario as the one that took place exactly 30 days ago. The initial position of VKML stock is different, though.
On Sept. 26, VKML stock soared by 43% on a one-day advertising campaign worth $2,500. As it is, the same movie is going to be rerun today as a new promotional newsletter sent by the same promoter for the same compensation amount, i.e $2,500, has just reached our database. The campaign is expected to multiply the effect of the latest press release. Yet, considering that VKML stock only gained 8% yesterday, closing the session at $0.027, it is unlikely to skyrocket now. Not to mention that last month VKML reached $0.075 per share following the artificial pump.
Viking Minerals specializes in acquiring and developing copper and precious metals properties both in the USA and Canada. As of now, the company’s main asset is the Nevada-based Dolly Varden property.Yesterday, the company disclosed the assay results from the very first drill hole on the property.
As of Jun. 30, 2011, VKML’s balance sheet contained the following figures among others:
- zero cash reserves;
- zero current assets;
- $70 thousand in current liabilities;
- quarterly net loss of $11 thousand.
