Current ongoing firehouse sale.........Over the past few weeks, we continue to see our share price decline from the high of $0.30 to todays close at $0.19. I would not be shocked to see the price continue to decline to 50% from its high or even down to single digits prior to the start of our drill program announcement. The private placement is now closed and the money is in the bank no need to be concerned about the current share price. We continue to see the market testing any weak shareholder hands. Surprising to me is the price decline on basically very low volume each day.
As I have stated in my earlier posts. People in the know with the deep pockets continue to buy more shares at the ongoing weak share price. The drill has left, drilling will start sometime next month. I was not surprised to see some shareholders taking their initial investment off the table, we all know the old saying in the investment market “pigs get slaughtered”. However, I am surprised how far we have declined on such low volume. But then again, no company news makes investors nervous. Don and his team haven’t sent out any updated news.
For myself, I have full confidence in Don and his team. I will continue to buy on this continued share price decline even into the single digits. Blue sky ahead for the shareholders once the drilling mineralized intersections are announce to the public!!
Cheers,
BB