RE:RE:RE:RE:RE:RE:Broken recordI grabed many lots of shares at 3 cents, 3.5 ands 4 cents up to august 2015. That was near 525k at 3.5cents (or 52.5k) average . I sat on them (more the less).
I have from march 2016 PP and further more shares above 10 cents ( or 1$ now). Some more 45cents, 60cents from aug 2016 to feb 2017; and 56 and 48 cents from the past 3 weeks.
I'm sure i'm not the only one with shares from 2015 at 3cents +/-, and i wouldn't have bought those if i were not able to hold those up to production...
So i would rather think like Fouad... someone got impatient or wanted to flip flop. With what is coming... you don't wait 2/3 years to bail out! You left long ago, or accumulating!
Buyhigheatchips wrote: Key date: March 12, 2015 -- Some smarties bought 812000 shares at or below 30c (8.12 million at 3c at the time).
They're still making a decent return at these levels but there can't be too many willing sellers left from that time period now. Not too many more shares were bought below 40c around that time or from last fall so based on that analysis I would have a fair amount of confidence buying at these levels. Will the bids at 41 get their 10 lots? We'll see but I have my doubts...
DoctorFouad wrote: IMO someone needs money or became impatient and is selling causing a selling avalanche (probably also some stop losses have been hit). This has always been a long term risky play not for the impatient or the faint of hearts, neither for the nervous nellies. if the company becomes a producer 3 years of waiting for rewards is nothing in the mining sector.