Moving in With a fully diluted market cap of $250m and I was part of the investment group at $5.40 at $125m guess where I would set up office. I would move right in to the Bental building with Canaco and be involved with every nickel they turn over.
I'm glad to see some action on this board positive and negative. it shows at least someone cares and with the kind of paper losses many of us have it gives some hope.
For the poster that listed all the attributes. We agree there is no sensible reason to be at $1.12 ?! Yet here we are. There are tens of millions in my opinion sitting to lunge at this stock if management can establish the basics. We own the property outright ( and post the document ) , we have 2++ million 43-101 ounces of gold and the same in inferred, we have the financial backing to start the mine in 2015 and a law suit against whomever behind the scenes spread doubt in the investment world. If you think this seems extreme look at what RUI did over at SVM when his company was attacked. The expectation of the shareholders at Canaco should be no less. Who is the leader here. who has stood up and defended the company vigorously and given company to the shareholders.
Someone said it here...it's ..IKE !! IKE or any other large shareholder like him should not be put in a position to defend the company. That's the presidents job.
By the way did anyone notice if the president, head geologist, lawyers etc:: cashed in any shares before the drop. No one has commented on this so if not then the Prez. that owns a ton of shares must be almost as unhappy as the the guys that bought air ( it seems ) for $125 million.
The next 30 days are going to be tough on all us investors.
I honestly keep waiting for the press release saying, "we could not talk about this earlier , however we have fixed this problem forever and here is the outline of where we are going over the next three years.
'JMO