RE: Goldmau -houseYou know I have empathy for you when it comes to the market, but, sometimes no matter how good or bad an IR group is, timing and circumstances can work against them, temporarily at least.
I don't know how much of the volume they were responsible for on our big announcement, but it was an impressive day. What followed seems to be ASD's achilles heal, endless selling. There is an old saying, the market doesn't lie. In our case, you have to wonder if the lie isn't more about the insiders than anything else. Even if that's the case, and they have been selling their azzes off and buying new houses, cars, etc. for themselves, Mau is doing a great job. They get off some of their paper, and we keep looking for the proverbial pot of gold at the end of the rainbow. That is usually the problem with the juniors, only a select group of shareholders make the money.
Are they selling the deal short? Who knows at this point. Maybe if you have a couple of million shares, blowing off a half a million isn't a big deal. Of course, when it's several insiders doing it over and over again because in reality, with warrants, they aren't really losing shares, you know which end of the stick we ordinary shareholders get. The only real question is, how long can this go on before the bottom falls out? You have to remember that ASD has never participated in the great bull market like the others in Peru.
But, I think John Lee must have a good following and by now he probably has enough clients buried in ASD to stay focused. He definitely could use some help from the general market, and certainly the company with a steady flow of news. Several more holes like 39 wouldn't hurt either.
Hang in there buddy!