RE: RE: RE: Eloc and newco.
Trev don't worry about flip flop or ranting with me anyways I have done my share and then some.
As far as other properties bumping the price for leadbetter I think leadbetter is now not going to need the help.
There were drill samples on leadbetter that were on sedar but we have not seen the results yet on that.
Also they talked about sending some aluvials out to be sampled a long time ago. I wonder if that was done.
I know the first run of aluvials is going to be done when the DMS is up and running but did the sample they talked about sending out to be tested happen.
Also if we hear the quebec news it will be long before the split.
Newco could be a blessing if they have some big stuff to release, with a small outstanding share size it could easily move dollars not pennies if anyone wants shares of it.
Part of the problem if not all of the problem of why we are at .06 could be there is a boat load of shares out there and a few million shares say 10 to 20 mil can control the stock price and keep it at .06 to .08
for around 600k to 1 mil you can control the stock price, sell shares on news that blips the price and drive it back down to .06 .08 when the volume subsides to reload for the next news.
If the new company only has 15 mil shares outstanding and a person wants to buy in on news the price could skyrocket as there is a limited amount of shares to buy and most might be in strong hands.
they will not be able to find the sellers to get enough shares to push the stock around like they do with this one.
This newco move could be a fix for the market problem we are in now for those properties.
assuming they are valuable.
For the same 1/3 ownership we already.
we have so many shares of dianor on the market and such a low volume it is easy to find investors to reload on as well as the share price is low enough almost anyone can buy in.
the economy and other reasons that drove us down to where we are now kind of dug a hole that is hard to get out of as the share price and volume of shares made it easy to control, kind of a nice easily controlable cash cow.
As for dianor /leadbetter the diamond value in the ground is what matters not the stock games played.
After saying all this I think I will keep my beer money shares and may buy more when leadbetter takes off.
sure there will be dilution with pps but the learning curve from leadbetter will shorten a lot of costs of newco going forward.