RE:RE:RE:RE:RE:RE:Exploration lottery ticket... i really don’t care what happens to the share price if private placement shareholders want to dump and lock in profits. Good for them and good riddance. They sell and someone else buys ... it’s a turn over of shares from weak hands to strong hands. Fine by me. And I will never begrudge someone from taking profits. That is why folks invest! As quickly as this could drop on low volume, it could rally equally as fast. Liquidity is a risk one takes when you buy a large position in a company that is tightly held by insiders and believers. Share movement day to day means very little in the absence of news. Just noise like Gecko and realty selling to lock in profits which is fantastic for them. It’s prident for someone who isn’t convinced he company will delivet a discovery. It is exploration at the end of the day and the odds are against them. But my belief is they are on the right track to derisk the project with every hole and I am willing to lose all my capital hoping they hit the motherload. It is a lottery ticket. And with lotteries, the outcome is usually binary. My bet is placed.
Bring on the results. Looking forward to new year and finding out what holes 5 & 6 have to offer.
If results are good , who knows, maybe they can bring on a strategic investor for a large initial premium to the posted stock price. I hope they deliver strong enough results to allow them to be finally done with retail placements to fund the program(s).
If results are ho hum or less than stellar, then retail may be the only option to continue the program should they feel its worthwhile to keep going on.
Good luck to all no matter what their NGE position. And don’t listen to me. I am a novice investor.
ShellsRFun69