RE: Next week $1 +It makes no sense that this stock is 67 cents....it could just as well be at $4 and be easily justified.
Oh, I agree completely. It boggles the mind that this is sitting below even 2 bucks, let alone looking to dip it's toes back into the 50s. This should have gone parabolic to a new leg up a long time ago. But it hasn't and this trend is the reality, not what we think it should be. It will get there eventually, but history here dictates that we will probably have some more time to load up. Frustrating for the longs, but in a year or two from now I will look back and wish I bought more, no matter how many I can pick up in this range (I still have not sold a single share).
It's current shareprice defies logic and mathematics. It causes cognitive dissonance like no other stock in my portfolio. Which is why I'm not stressed about it like I was when the last 43-101 came out and the SP didn't move like I thought it would. It will eventually and that's good enough for me. And when it goes, it will probably be a beautiful thing.
But there are some big pieces that need to move into place before that happens and I think bringing on a Major partner is one of them (proving up more High-Grade is the other). The buyers that will take this into the many dollars are people that want cost certainty and going it alone while diluting the float does not inspire their confidence. If it did, we would be sitting at at LEAST 2 bucks by now. Volume will be the main indicator that the big boys have all their conditions met. That's what I'm keeping my eye on these days. And it's pretty ho-hum right now.
Wake me up near the middle of August.
The Fever