RE:Selling by the fund seems overI also believe the seasonality of this play (July - early Nov) doesn't help long term shareholders or the company, because from what I can see no one wants to hold this during the winter/spring doldrums without news. I mean 1000 things can go wrong in the world, let alone the gold market, so this IMHO has contributed to the nervous nellies who've been punished over last 1-2 years selling out on first volume spikes - and good riddance to them.
I reiterate, that High once had a Market cap of $300+ million, and this is before they uncovered DC and their best hole to date in Alaska, hole DC21-010 (Ellis Zone), and the additional 1/2 dozen impressive HG hits around it this year, which proves without a doubt that this entire area (4-5km around JT) is pregnant with JT look alikes.., and before JT's 43-101 upgrade to 1.2M ounces at 9.4g/t gold equiv, which is now highly likely much higher grade given this last bonanza grade hit. The nervous nellie traders are tax loss selling to the favor of the long institutional players, that will likely get more shares in the next bought deal at $1.50 - $2 range, which would explain why they didn't take the cross when they were likely presented with the offer back in Fed '22, cause they knew the selling in market by this f'n institutional player would depress the stock..., all while management is unfurling one of the most compelling HG gold discoveries in the world. It's a perfect storm of dominoes falling in such a way as to depress the stock for long institutions who will grab more of it, as Darwin de-risks this further every season. It’s a true pity for us longs…, but this will inevitably regain a $300+ million market cap, & soon.
Honestly, am I deluded in thinking grades this rich should command a $200-$300 price per ounce? Especially if it can be mined without a mill onsite! Think of this, in the context of 2 million ounces alone at Jt. In the least, it should have a $150M- $250M market ATM! There simply aren't any other plays that I know of with this high a grade/width, and the prospects of 2, 3 others like it laying around.
It won't be long before more pieces of the puzzle are put into place, for all to easily understand what's at hand, and then it's.... BOOM, a herd will want to buy in on tight float of only 70 million shares so do as I’ve done and average down.