RE: RE: RE: Great newsWell, gold is in full correction mode, silver is in freefall, analysts suggesting to sell Canadian stocks in May and take vacation through summer, European and US economic recoveries in the toilet, and political unrest all over the world. I still have to suspect the uncertainty of the SOC fiasco is also putting fear into investors. A high court in any third world country is not something anyone wants to count on. Since that announcement on March 29, CAN's chart has been going STRAIGHT down, as in 25%.
Interestingly, CAN has supposedly had 5 drills going since end of December (now 6), cranking out about 5 cores per week. By my count, that translates to around 90 cores laying around. I called the SGS office in Mkuvia, and turnaround time for assays remains 4-6 weeks, which means we should have had reports on 60 of those cores in a worst case scenario.
Something ain't right. BTW, I was here when they delayed/stalled/whatever assays from DLKM's Morongoro, and I still suspect some shady behavior in that transaction. If that's the case now, except that most of the drilling results are from the SOC property, then it says to me that they're uncertain about the hearing outcome, which means I should be uncertain as well.
AIMHO.