RE:RE:mining Duediligence33 wrote: You are exactly right on because I had a broker who asked me to buy some shares with warrants and he plainly said once you buy in you can sell your shares and ride the warrants for free is a lottery this is going on for a long time with these Vancouver junior mining it sucks it's all rigged management gets their salaries for years and years even though they buy in themselves it is a show of support with money they received as compensation from shareholder investors for doing nothing other than turning on lights and travel with company money very shady practices going on. Downey and Halverson are fine old prospectors using OTHER peoples names cash to pursue the Golden dreams which we all want and the project is great but the Terrorists have ruined West Africa and death of miners or workers or civilians is not worth a yellow shiny metal. Look at Lydian in Armenia an example of environmental opposition causing delays. Smart money goes to safe democratic lawful countries.
This is a bunch of rubbish. They sold 20 million shares in a bought deal. Volume the past 3 days is barely 2 million and dwindling. If your theory is correct (which it's not) we should see endless selling of 20 million shares. The shares will be kept and the warrant (1/2 a warrant actually) is the potential sweetner. This was trading in the 70 cent range when the Semafo tragedy happened, you think investors who bought the deal are in a rush sell? You think you're smarter than Resource Capital that paid 80 cents for 20% of the company? Don't make me laugh!
IMO only a FOOL would sell here. The situation in Burkina has had adverse effect on all operaters in the region. Managements felixibility is limited because of it. You will not find any junior mining stock where management doesn't enrich themselves with options and salries. At least here management has bought millions in the past 5-10 years putting their own money on the line when they have no need to. Ultimately the price of gold will eventually lift share price albeit with a discount because of the instability. You either understand this or this sector isn't for you.