Are we there yet?Nobody.s laughing at my call way back when I said $ 3.25 to $ 3.50, and where is Mr. real estate? Hiding someplace? Maybe he sold out? So think it all through. ATM, cost of drilling, cost of seismic,
cost to pay of Sheldon, cost to buy out Lab Gold, and how many shares is all that worth that will be sold into the market? Come on guys, if you didn't see it coming, then you are not paying attention to details and all you longs think I talk through my hat.
The downdraft does not appear to be over, and one has to wonder, will the stock recover, and from what point, does it start, and what helps it to start? These boys have to prove itup now, no more nice news releases. Think about this. If they find a hint of gold 1 to 2 thousand meters underground, how long to actually prove it up? How will it get mined? Who wants to buy what appears to be a lot of work and sweat when markets change on a dime, with gold possibly dropping a few hundred bucks, with no MRE, without any proof whatsoever about with, about true grade, about anything at all that lets someone figure out what this is about?
I think most here just fool themselves and unfortunately read what they want to read and skip over the important detalis necessary to make a proper judgement.
The fun days are over, the maiden run is over, now comes the work, the potential healing, but only when bottom has been discovered. I feel sorry for some who got sucked in by the longs who kept on saying "buy buy buy" or "buy the dips". Shareholders have to learn to listen to ALL sides.
The ignore feature also works well. You know what it does? It shuts out the danger signals that are real and are looking you in the face.
Good luck!
EK