Don't get it this shareprice...Been accumulating a position here (50K so far) and just cannot for the life of me understand what is keeping us this low. Even the few options we have (4.8M outstanding as of Jan. 31, 2011) are at an average of C$.10. What the heck. Our FD sharecount is a little high for a generator, but not that bad, esp with a FD MC of just a little over $7M!
Looking at other project generators, and I own a number of them: Almaden, Kootenay, Riverside, Miranda, (sold Altius), et al, we get just about no respect, yet looking over the projects, as I just did again, these are no laggards...all seem to have very good potential and most are nearby other very good and even great mines or prospects.
And then there's silver on an absolute tear, with no end in sight considering the unbelievably tight physical market and backwardation in the futures market, along with JPM's and HSBC's humungous short positions. Gold, too, of course, but we're obviously in much larger into silver.
Anyone have a good feel or even a good idea of what's holding us down? Is this just more of the programmed selling / shorting of juniors by hedgies paired with their long PMs furtures trade?
Perhaps it's more of "our" govt's (thru JPM, GS, et al) using the same type of programmed trading to hold down interest in PMs by holding down the equities, since they're losing the battle against rising physical PM metal prices themselves (makes the ever-growing-more-worthless nature of their [our unfortunately] ever-increasing-in-amt-created-out-of-nothing fiat funny munny that much more recognizable)?
Perhaps the market is concerned about our shareprice and future funding, which at this level can continue to weigh on itself and make it hard to get out of the sub-$.10 hole. On the other hand, there seems to be a concerted effort to keep driving us under $.10...perhaps a lending house wanting to get in on more cheap options? The trading doesn't make much sense...certainly a lot of what looks like not-for-profit trading with sudden 10-20+% drops, simply it would appear to drop the price.
Just throwing it out there for discussion's sake...I'm sure the board has discussed these before, but I'm relatively new the stock over the past 3 months, and so probably missed the discussion.
Appreciate all intelligent responses...jt