RE:RE:RE:More De Montessus info (and rebuttal)...Lets be honest and call this out for what it is.
Gold is still over $2000oz. Other gold stocks I own are off from their highs from a few weeks ago but still hovering not far from 52 week highs.
This stock hit a 52 week low today and not far from 3 year lows. Look at the chart.
Dont compare it to other gold stocks because that point is not working for this name anymore.
Looks to me like some investors (perhaps a fund or two) want out at any cost.
This trading action is troubling. All for a potential $5M mis-directed payment?
mercedesman wrote: No surprise the board negative Nellie is jumping all over this.
Gold equities still waiting for a POG breakout.... which is waiting for the next round of easing by the USFED, which is waiting for more evidence of the pending/imminent economic downturn/recession.
Gives Endeavour some time to find an experienced Gold Mining exec. that wants to run a top 10 producer. Alternatively a major could be invited to make an offer for a 2M oz producer.
My sense is that Sebastian was a bit over his head. Decent Manager but a lot of what was put in place including M&A activity was executed by the former CEO Neil Woodyear and or the major SH'ers.
MM