Millright, Time To Be Held Accountable!!!Millright,
You wrote:
My predictions on the continual share price decline since the Micon Report, were quite accurate for several months; but in April I began to be premature in forecasting the new lows. I called the year's high back in early January, but the continuing decline I forecast got delayed with the confusion of the aborted spin-out and the support of share buy-back program #2, which appears to have suffered the same fate as #1.
I called a drop below 25 cents before the end of May, and the low 20's in June. ISM didn't reach these new low levels until July.
So, my predictions going forward? My guess is that the price decline will continue, so I'll say that between release of the quarterly reports on August 15, and the end of August that ISM touches a new low of 21 cents- lower if the NCIB doesn't remain active. I expect that there may be some effort to spread some lipstick around for the September year end -that might stem the dive for a short while. In October, I forecast the share price will drop into the teens.
My reasons - a further period of no noteworthy achievements, and the realization that cash balances are diminishing due to G&A expenses, drilling low grade prospects, NCIB costs and possible further investment in non-mining items.
You sure have been quiet. Could it be because you are embarrassed by your investment of choice -- LBE. Hey, loser, you and Victor2009 have had the same opinion! Victor2009 has been humiliated by the LBE meltdown and my guess is that your silence in the past few months has made you boys kissing cousins. Coincidence -- time will tell. But, Millwright, enlighten us with your updated forecast given that you were DEAD WRONG on your prediction. Don't feel bad, so was Victor2009, but given that you both have the same view are you the same person? Sure looks like it to me given your verbose diatribes that amount to "blah blah blah"!. Your silence in the past quarter is golden, it is a statement onto itself. Enlighten us, oh Millright, the mining investment god -- NOT! Get a life loser!