RE:RE:RE:RE:RE:RE:RE:RE:Overvalued!!!This is not some best hidden secret of the venture exchange. Anyone that wanted to open a position prior to the financing deal has already done so. I, like many, am just sitting and waiting now. This is the next big milestone in derisking of this project and brings us a step closer to being a producing mine. Because of what happened with NMX there is not much trust for juniors operating in Quebec. Investors will eventually pile in once majority of the risk is off the table. Yes, they will be paying more for their shares, but likely not putting themselves in a position where they end up with nothing like NMX.
I'm conviced that the Jan - Mar highs were mostly driven by institutions, which subsequently created the drops that followed shortly after it was made evident that we are still 6+ months out from the next major derisking event. They will come back once there is a deal on the table that will prove up a clear path to an operating mine.
Only a couple business days left in July before we enter the month of August. I really hope we are close to getting something signed and executed.