RE:RE:RE:Resource Update...I think you're in the ballpark, Eteralone.
Listen everyone, here's my 2 cents on todays news.
I like the news release. I wish they pumped it harder though. They should have included why it's much better then before and maybe given some concrete numbers. Point form just seems blah and there's no reference to Simon Britt talking or commenting on the results. I wish they could attach some more positive comments and/or comparitive values to the release.
Am I made that the price is down - $.025 cents today and -13.16%? Not really. We only traded 54,650 shares. It's being driven down intentionally. I've seen this done a million times with stocks.
"As to the selling, we believe there are several groups that wanted to force us into low price financing (a typical strategic move by funds in poor markets) because they want to position themselves at a lower price since they understand the technical meaning of the latest press release. This created further panic selling."
This was from before from Kiril and I completely agree. I've seen it done so many times to the better stocks.
Do I think Britt struggles communicating to the public GMA's achievements and milestones? YES
Do I think the news releases could be much better? YES
Am I worried that this company is trading at what it's current share price is? NO
Do I wish GMA communicated why the delay took so long? OF COURSE
I'm guessing that GMA's cards lie in their ability to seperate this material and include it into the PEA. If this can/will happen, we will be off and running.....literally. I think we will be a step ahead of the other REE companies and we can then be super successful. Look at Molycorp. They are a functioning mine with massive costs. They operating at a loss and they still sit at $0.40 - $0.50 USD. If we cut our costs by a large margin, we will be a successful stock (I don't have a price guess, because it's too hard to tell).
Cheers,
Shelbs