Forever hopeful. All of us that are stuck not having unloaded should not feel to bad. I feel I have been miss informed. Probably the biggest trick was doing a financing at $5.40 I've been doing this for a few years and Its been awhile since I've seen anything like this and usually at a much smaller scale. How could all those savvy investors sit in a room with all the facts and buy a $1.00 stock for $5.00 ?
The when I called Nick I get this. "I hope you made money when it was at $6.00 , I didn't hear anyone complaining then." or "we just got caught in the overall market downturn." or " well we have our work cut out for us rebuilding from scratch."
Clearly there is something fundamentally wrong here. I wonder if we will ever know or what it would take to find out? Is it a land dispute? Is there a geo-political problem that was swept under the rug that has come to light in certain circles. Why in the middle of a show does the stock not just come off but tank. Are there questions about the drill results. Mr.Earle referred to trouble getting drills to the site. Yet every release from them indicates miles of drilling going on but samples backed up for what is now 6 months except for two small in fill results.
I hope I'm dead wrong and one of the optimistic newbies gets to call me names for my suspicious nature. I just keep remembering V.GEM with touching property , lots of cash, amazing grab samples $1.60 share price and then overnight ...Gone.. they never owned the property. Same patch of land, same government, same legal system. I'm counting on the fact that Mr. Earle who was on the property and met with all the key players and just last month continues with his $4.00 S.P. speculative target covered all these points before he put his stamp of approval on Canaco.
When I first read the news release and talked to them my understanding was a 43-101 would be out by February end and a scopeing study by March end. I guess I just misunderstood. I hope I have misunderstood a lot of things.
JMHO