RE: Happening at last! HuttWe obviously define incompetence differently. According to you, in the best commondity market we have seen in well over a decade, and gold hitting a 15 year high, you believe the PLAN is to knock the stock down as low and and long as it takes to get all our shares. Alrighty then!
If this is as brilliant a plan as you believe, then why has PCR, NOC, NOM, and BCM all done the opposite, taking their stocks up and doing their financings as high as possible, thereby creating as little dilution as possible, and increasing their own share value as well as their shareholders substantially. Of course, because the king, as you put it, knows how great the property is, he doesn't want to drill anymore holes than he has to right? That makes perfect sense. No doubt with his credibility in the market, everyone will take his word for it, right?
No Hutt, I'm afraid we are doing a private placement lower because the company has not done their job on the market, pure and simple. Even if this was only a copper play it is difficult to rationalize how a copper play with any merit can lose this much value in the last year while copper has moved up about $1. in the same period, which, by the way, is a record price.
You're broker may know that they are doing a .60 pp but it certainly isn't for the reasons you, or he thinks, although from the sounds of it, your broker may be part of the problem. Look at the other companies in Peru, how many meters of drilling have they done over the past year compared to us. There is your answer! In the best part of the drilling season we were sitting on our thumbs rotating because these guys couldn't plan a successful trip to the grocery store together.
While the property may save us in the end, the share price is not about the patience of the shareholders, it's about the stupidity of this management team. They are ALL focused more on themselves and other projects, more than ASD. There isn't one person in this company that is focused 100% on ASD.
I don't know who you are talking to regarding the majors, but, my view is, and has always been with this group, I'll believe it when it's announced, and even then when it comes to MS I am weary of how he might screw it up.
If you believe this is about them picking up shares while shareholders lose patience, then you better take a good look at the volumes on this stock over the last year, If what you say is true this bull market will be over before they have all the shares you say they want. Of course then you would tell us what a brilliant group they are planning that far ahead. Right!