RE:yo JD?Somebody dumped 130,000 shares in the last 15 minutes of the day and somebody has been dumping shares for a while and will continue to dump shares until they've exhausted their supply. That's the way it goes and I'm not really concerned about the little day to day movement in the SP. These markets don't reflect any reality regardless on 99% of the juniors out there. If someone is stupid enough to sell something worth $1.50 - $2.00 for $0.09 that's their problem.
The ore body has increased 160% to 2.7MM oz since the PEA with 5MM oz plus blue sky, current NPV now close to $600MM based on $1100 gold, and IRR of 90+% based on $1100 gold and a rapidly stabilizing political climate in Mali (not that it effected any existing mining operation regardless). Show me another W. African junior that has those kind of fundamentals. That's what keeps me here patiently waiting for the momentum swing. It will happen but I don't know when it will be or what the catalyst will be. Could be a month from now or could be 2 years from now but eventually it will swing.
Hopefully with gold rebounding the market for land transactions will now start to unsieze and we can raise the dough we need to get through to feasibility. C'mon AKG or PMV we have a great chunk of land right on your doorstep that's up for sale at the right price. $4MM - $6MM oughta do it. In the meantime you can call me stupid but I'm still taking advantage of this ridiculous valuation and accumulating when I can. I see worst case scenario as being someone taking a run at us for $0.20 and that's a double plus at present and now pretty close to my breakeven.
GLTA