RE:The rally does not seem naturalAlfTanner wrote: The recent rally on very high volume does not seem natural to me. It seems like a group of penny stock investors suddenly got interested, and these type of investors do not tend to stick around for long. They could end up being more of a drag on the price than Sprott was (if that is possible).
Maybe I am wrong, and this is actually the start of a long bull run for Dynasty. I hope I am wrong. However, I would feel more comfortable if a rally started after the company started showing some real results. Thus far, all we have are promises, and that is what we have had for years.
I don't think penny stock flippers are buying millions of shares. And as for the renewed interest? I would say the rise in the price of gold has eliminted short-term liquidity concerns.
I posted sometime last year that I was fine with gold dropping to $1,150/oz as long as it stayed there or higher the rest of the year. Why $1,150? Because that's the PoG that I need to see to know they won't run into liquidity problems even with low rate production.
Unfortunately, gold dropped another $100 from there last year. With gold @ $1,200 now, there are no liquidity concerns even taking a negative view of production output for Q1/Q2.
I would say the company no longer facing the risk of insolvency is a pretty big catalyst, especially with a market cap of $10 million and a book value 5 times that amount.