RVCAnd why was RVC trading at 90 cents 9 months before they were bought out for $9.03 a share?
How about Brett trading at $1 before being bought out for $3.80 a share?
It's called summer doldrums, a lack of a 43-101 and a little help by MM's.
How about Orezone before their 43-101.. $1.20 to $4.00 in a week before some consolidation?
The only R.E. I've actually seen priced in before-hand for a junior was Trelawney - TRR which ran up to close to $5.00 before releasing it's R.E. possibly due to so many instances of the market being inefficient with pricing these juniors on the verge of their 43-101's.
Once again you're an oaf that doesn't do his research and I assume gets his entertainment soft bashing companies on his time off rather than doing DD on the equities he owns that are already fairly valued.
You've got less than 50% gain left in OSK but you're bashing companies that could easily double based on a 43-101 estimate at Granada.
If the market was doing their homework on Richfield then last summer with 70% of the drill results that were on the 43-101 already received, they would not have been valuing them at $45 million dollars with already over 2.5 million ounces.
But instead they wanted to wait for a report and pay 10 X more per share like New Gold did with an eventual $500 million dollar + takeover.
I can't explain that inefficiency but I certainly wasn't going to sit back and wait for the market to tell me the fair value of RVC and I picked up shares in the $2 range once it had bottomed and began recovering.
I don't know what your point is here..it's just more drivel, no more than I'd expect from a lazy, misguided investor such as yourself though.
Price is what you pay, VALUE is what you get. Remember that and you might actually make a useful investment once in a while.
How do you explain Canaco trading at an average of 4 cents for 5 months after the crash of '08 and hitting $6.50 this year? It's called mispriced assets... some people take advantage, obviously you don't.