Post by
rragg on Jan 31, 2014 11:28am
Dropping share price
I totally agree with Luker. I think we all bought into the idea that this company had it all going with projects that would be starting very quickly (Trixie) to fund the rest. It sounded like a no brainer, they have assets and projects that would fund future work on other projects. They also had financing. How could they go wrong?
They trusted Sentient and got screwed.
I agree, the board needs to put out an update explaining where each project stands. No major details just something like the Sun project will be on hold and no future drilling will proceed until secure financing. Even not great news would be good news at this point. Maybe Luker is right, they know they are ripe for a takeover and just keeping quiet. There's a lot of big lot sells and when someone sells, someone else is buying and buying A LOT.
Still holding out hope that an Ophir announcement will be made soon along with an all clear about Enirgi. Wish I knew a little about what is going on, at $0.379 a share... I wish I was just buying in at this level. Then again, I probably wouldn't be buying in until they had some positive news.
Comment by
dosco on Feb 03, 2014 2:04pm
gold bottomed... hope aox profit a bit.
Comment by
dosco on Feb 04, 2014 9:54am
at 4 cents its panic mode ... no insiders are buying and no update is given ... after a 50% drop in two weeks this should be more than worth it ...
Comment by
souwester on Feb 04, 2014 12:22pm
dosco, If 0.04 = panic, then 0.035 = panic+.