Why is this stock price not higher?
Lots of positve analyst coverage and targets ...
Technically, when we broke $1.15 we should have hit $1.50 before resistence, but it didn't happen ....
One poster mentioned not being able to outrun the dilution
There may be some truth to that
The TSX-V or VSE stocks that really breakout are the ones with fairly low share counts 40-50 million, at the time of a big oil or mineral discovery ...
Part of the problem is the world in general and world stock markets today
Apathy abounds .... liquidity and money flow are becoming problems .....
(if there are more shorts then buyers .... what else can we expect)
(The old joke was I made a fortune on the VSE, yes that's right-starting and folding ten companies and collecting salary and options all ten times ....)
Lots of bad luck and hard luck stories in all markets .... NDM, First Point Minerals, Banker Petroleum, etc.
Look also at CNQ, SU, NXY, and TLM
Ugly charts ......
Frankly, this is all lunacy (when everything is a bargain, then something is wrong ....!)
HORROR STORY (friedland)
I was once a big believer in PGD (world class partner (BHP), low share count, "big" discovery, big investors, etc)
I rode a large chunk from .50 to $4, should have sold it all that day
I got out with some profit and before the s--- hit the fan ..... and lucky I did, now it can be had for .48, BHP dropped out, the "big" discovery may not be so big after all, mangement did a rights offering at the worst possible time, etc.
Everything that could go wrong, did go wrong
It was all unbelievable and shocking .......
Welcome to the TSX-V (where what can go wrong, will go wrong)
I hope we have some better luck with WZR in the next few weeks, but this last rise and swoon are quite upsetting to say the least
ulysess