RE: Lack of information TIG just started drilling last year.. it would make sense the balance of their Phase 1 results would be in currently. Canaco has already stated in their presentation they are allocation $300,000 to have their own on-site lab to stop the problem of backed up labs.. I do believe the lab statements about delays as there are numerous companies exploring in Lake Victoria Goldfields to the west of Canaco in Tanzania and Tanzania's 100,000 + metres drilled in the past year alone is enough to back-log a small sample lab.
So in terms of information released to the market it's hardly relevant with the time-line you're providing. I guess you failed to realize they've released 7 press releases for drill results in the past 9 months. This figure is far more than the average exploration company as good timelines are 6 weeks between drill results - Canaco easily surpasses that figure.
Decent flow of news now you're bashing about? How about over 15 press releases in the past 9 months? I would speak with OLE about a lack of news... we haven't seen news on that junior in Africa since July.
People like Canacr*p don't bash a stock unless there is reason to.
You mean like a short position? $xx per post for bashing? No life? Lack of resources to invest himself or learn to? Sadistic personality?
I am thinking the reason here involves management and their poor performance
I am thinking the reason I am going to throw you on the ignore heap is because of your poor performance researching a management team and even worse performance of regurgitating that research on these boards.
Canaco management raised $120~ M @ $5.40 a share.. 500% higher than we are trading today!!!
If it was not for this INCREDIBLE financing - Canaco shareholders would be sitting on a treasury of $60 - $80 M but with 400 M shares fully diluted - not a mere 214 M!
Don't be mad at Canaco management for financing at a great price and sucking in Earle and other high-asset investors.. those guys are holding the bag on a $120 M dollar investment worth $25 M. Now how wrong do you think Earle was? Is it possible their $120 M investment worth $25 M is the best thing possible for us retail investors? Imagine buying something for $20 cents on the dollar for what professionals paid $100 M + for.
Canaco management did a great job doing the financing when the hype was there and unfortunately those who picked up CAN for TIG shares and lack of "exciting" news has dragged CAN to a level it should never have hit. If you believe in this property at all just stack it up against some of the other juniors right now are realize you're getting 52 cents in cash currently for Canaco shares.. this is like buying the shares for 60 cents on the dollar currently. Earle and Canaco's Chinese partners believed Magambazi to be worth $5.00 + a share.. and some retail investors are paralyzed when they're being given a share price of 60~ cents... amazing
Magambazi is
a) near-surface
b) high-grade
c) well cashed till 2016 production
d) numerous drill rigs on site (personal lab soon)
e) decent share structure, PEA, 43-101 and metallurgical studies underway
f) low-cash costs, profitable operation
All for $130~ million dollars.
How can they or any pumper or misguided cheerleader defend the lack of results. They need to put out what they have now, so investors can make educated decsions whether to buy or sell. Here' a question for the board. Do you think management has put out results on a timely basis? ALL IMHO
I just did it for you - you're the one talking yourself out of picking up Canaco shares at the best discount they've been in at in a year. Investors need news to buy or sell? Why would you sell? PEA, 43-101, $110 M in cash.. share price is 60 cents a share after cash... high-net worth investors paid $5.40 a share...
It's people like you that cause these juniors to go lower since you don't have an ounce of patience. How about you add some shares @ $1.10.. forget about them and go along with your natural life and look back in 3 months and sell those shares for somwhere well above $1.75 a share with a 43-101 out and a PEA on the way. Instead you guys go in Friday and add @ $1.15, then dump it back to people like me @ $1.09 who are in awe they even got shares that cheap.. so thanks again - now I know who's dumping.