RE: investors confidenceI'm one of those that have lost confidence. It seems the guys that are really positive on this board are the ones that have made their money and are still way up! Easy to be positive when you bought early under a dollar! Its people like me who bought at a much much higher share price that have made them rich LOL
The market continues to recover but Canaco is still in the hole. We should be back to around $3.30-3.50 at the very least! But no one wants this stock! I should try to sound positive and wait for this stock to get back up to get my money back but theres no point. There isnt any interest in this stock.
Insiders don't give at rats a$$ about what has just happened to the share price! Since we've been decimated, there has been no real significant insider buying at all! Why, cuz theres no point! It aint worth holding anymore! This is yet another bad sign. Insiders usually buy up there own company in times like these! Case in point, Copper Fox Metals lost bigtime last week but insiders bought a whole lot more! The share price is back to where it was before the meltdown! I'm gonna cut my losses and ride the PPG.V train to salvage some of my hard earned money. Ill also avoid junior miners in Africa that have nothing to good to offer at all costs LOL
Good luck to you guys.