RE: Death Cross
I am not really concerned. The company has begun a large drilling program in order to prove up reserves. The results won't be announced until year end. No news has the market bored to death and essentially the stock has gone to 'no bid' status.
I am dissappointed that they could sell 10,000,000 shares in a stock issue but the buyers won't keep the price up above the issue price of $2.20.
Depending on the drilling results we will get a large move all at once. Based on initial drilling at Eagle and Kiena the results should be at least reasonable. If they can increase the reseves to a level and grade that ensures a reasonable mine life then we will get a huge move in order to catch up for the increased gold price and the higher valuations assosciated with having a fully permitted and equipped operating mine.