Re: Getting Fed UPA lot of unhappy campers here and the dialogue is certainly different than a month ago when we were all filled with optimism. I agree there is something wrong here and the conspiracy theories explaining why the sp is low don't add up for me as I see other stocks doing just fine in this gold rising climate.
The fundamental problem here as compared to the past is that we are lacking solid NRs with quality finds - when and if those occur again then the sp will increase as to date the estimated gold found has been factored into the sp. I am getting a little worried that we might be waiting awhile for the next big NR on new deposits that everyone is taking for granted. Purchasing new properties in the 1200km range is impressive, however actual deposits on these properties are yet to be realized and somewhat in the category of SD and CUI who also own property and have disappointed to date. This stock needs a positive development soon as the fluctuation in sp has been alarming in recent weeks to say the least. I certainly did not expect to see it below $5 ever again. Being listed on the big board will be nice, however if investors and mutual fund managers are to climb on board, they will want to see new finds. Remember the criteria for a stock to be over 5 bucks for a stable period of time in order for mutual funds to invest.
I have been and remain a big supporter of this stock, however it has cost me money by sticking with it when I see virtually all other gold stocks heading north during this rally. If CAN does not move forward in the next two weeks, I will regretfully move on towards one of those and revisit this when it stabilizes.
CBG