RE: underwhelmedDespite our less than stellar beginning in the MB I decided to chuck it aside and try again. If you look at the historical volume here you can see why it is having a hard time holding the gain. Although the news was good there is just not enough new investors coming in yet. As the word spreads volume will pick up and price will rise. Avg. volume is only about 15k/day over the last 3 months. The current bid is $1.35 for 9k shares ask is $1.40 for 2k shares. The question is which will move first?
Until they sell some gold and bring in revenue new investors are going to be harder to come by. As soon as there is a positive cash flow from gold sales you should see an even nicer increase. Remember their yearend 2010 had zero revenue so even if they only decrease their loss markets will see it as a positive move. People are generally scared to take a chance, especially with companies that are working primarily in other countries. Thats why those that get in on the ground floor of a good company make so much. Yukon you said you got in at $.105. I wish I knew about this one back then but a friend just told me about it a couple months ago and I had to do my DD before buying in. I think this one will do very well from all indications so far. If the price does drop back to the $1.20-1.30 range I will add more shares as I don't expect it to ever go lower than that again. Another good announcement though (like sales) and the $1.20 range is probably never gonna happen.
Sorry for the testy post last time maybe I did have a chip on my shoulder.