RE:RE:Investor InterestI agree with floridas2000, i will add the following : this is the venture exchange : the kingdom of penny flippers and clewless, gullible and naive retail investors who think they could come to the venture, trade and make easy money wity minimum holding periods. Most will simply loose their money in transaction costs and brokers commissions and wont be able to make any serious money on multi-baggers because they dont have the conviction to hold.
Developing the conviction to hold requires doing serious due diligence and believing in the company/management/project. Only money that someone accepts to loose should ever be invested in the venture. In the short term, the venture is pure luck/chance/irrationality. Only in the long run people can make serious money systematically based on the right judgement and fundamentals.
Take for example RRS : after the great anazplan results confirming that our deposit could produce comemrcial products similar to our profitable neighbor sitec's , the stock price instead of increasing, hitting new highs and going to 20c+ levels simply went down. Crazy irrational market. Does this mean that technicals will never catch up with fundamentals ? of course not, if management keeps executing and improving the fundamentals and derisking the project/company, its a question of when (no one could predict when) not of if.
the market is inherently UNPREDICTABLE, NO ONE could predict future stock prices. All what we can be sure of is that if management continues executing with a positive flow of news releases, and is able of getting the company financed (risk of dilution) the stock price in the long run should increase. So when enthusiast shareholders (like me) expect that the stock price of any stock will go substantially up after good news, its just a prediction based on rationality assumptions of the market. Well the market is irrational in the SHORT RUN, the stock price could go down after good news. It is surprising, but that is the nature of the venture. That is why we should invest only what we are ready to loose and diversification is important.
Floridas2000 wrote: truecanuck wrote: I keep asking management the same old questions: "Why is there no investor interest?" "And, what will it take? I receive the same response...."Just wait longer".
That is the right answer. They're running the company and not pandering to shareholders. I'm sure they could manipulate the stock up but they don't want that. They'll do their job and the market will catch up at some point. So wait longer.
Look I'm under water at these levels and it pains me too but it's a real good investment so I'm not going to get out of it because of some short term pain and watch someone take my shares and make money off of me.