RE: RE: Predictions and guesses on stock price A very good questions ... I th ink a couple of reasons ... first there are so many shares outstanding that for some they on a day like today have a chance to sell shares they have held ... for some strange reason though they sold today like hotcakes but no one seemed interested in raising the asking price .. I guess they own so many they put them on like we may put on 1000 and just sell ... again so many being h eld by some of the large investors ...
Other reason ... as I said because of the past history of this company and mill ... people / investors don't have faith in it ! there have been so many issues for that past year or 2 and more that have held them down, break down after breakdown, needing money again and again, quarter after quarter of millions of dollars in losses even though at one time they made mney when gold was worth less then 1/2 the price it has been or even 1/3 the price it has been ...
So .. investors have seen gold go from 600 to 2000 per oz and the company loses money ... have seen endless quarters even though the steady state was suppose to ahve been reached over a year ago and production is still no better ... So ... answer total lack of faith or believe in this company at least for the near furture or believe me these multi million / billion trading firms would be buying this at like hotcakes at .25 or .26 per share ...
I remain positive that there is money to be made on this stock but question is when and how much ... for years even after the comeback and with gold going through the roof this stock is hobbled by its past lack of performance !
I am sure some are still playing the loss and that doesn't help either .. cause they sure aren't making much on the gain in shareprice !
My opinion anyways