RE: RE: RE: News Just Out: Its interesting to see price drop on encouraging news. What does this tell me?
People are tired and are loosing patience, expectations were created from the cascade type NR they had when the stock was looking like it was going "places". Alot of people took notice from one set of drill results and are not willing to place any value in the company unless similar reults are replicated, even if that means ignoring a number of other strong fundemental aspects. These would include the strong JV partnership on the primavera with Bema-2, who keeps pushing it forward, although a smaller exploration budget this year. This is one of the, in my opinion, best management teams in the industry. As well, they actually have cash to carry out operations.
That being said, it does seem like this type of exploartion work is a step "backwards" compared to what they were doing previously. But...what does this tell me...the geological evidence is telling the geos the "swarm theory" is correct and they must do more to identifiy further areas of higher grade mineralization.
With B2 owning 10% at 25 cents, and the stock price at 7.5 it certainly looks like an interesting valuation.