EXPM:GTARF - Post by User
Comment by
leverage1971on Jul 13, 2012 11:47pm
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Post# 20113076
RE: RE: RE: RE: RE: Looks like GTA will slowly ble
RE: RE: RE: RE: RE: Looks like GTA will slowly ble Chucky we get that you are bitter (with some justification if you really did participate in that PP at .9) but you have been negative on this company for a while leading up to this "terrible news" which according to Darin Wagner confirms GTA management's view that the mineralization has been enhanced by somewhere in the 200 to 300 percent range. Remember these guys were evaluating chip and grab samples a mere 12 months ago and if you believe their fact sheet they have pushed the zone out and down with more to go in more than one direction.
As far as money goes look at the shares O/S, the amount of money they have spent to get to this point and the possibility that your post above is wrong as there are juniors that are down as much or more as GTA that have financed at lower levels than prior ones with 100 even 200 million shares O/S. As bad as or maybe worse than these situations are companies like TRR which on the surface is a success for some shareholders aka insiders and a disaster for participants in the open market prior to the market downturn, and PP's like the one they did at 4.7 less than 8 months before they agreed to sell out to IAM for 3.3... that sucks because not only did you have the money to go on and prove up your "reserves" you sold out at almost a 40% discount in spite of those that provided you with the cash. So once again I share your frustration even disgust with the last two days but it was overdone and with volume that represents 2.5 % of the company's O/S and much of that selling especially today occurred in the last hour of trading which suggests a "rush to the exit" was not in play today or yesterday. Someone trading as anonymous wanted out and they pulled it off... time will tell if any insiders sold... based on my discussions with managment it wasn't insiders.
If you really still hold shares I will read your comments but your condescending and personal tone(s) at this point make anyone who is a participant on this board suspicious of your credibility, I mean why bash a stock you hold especially as high as your exercised warrants.
All the best
Lev