Ignorant and UninformedTSXcasino, a master of distortion, and ignored by 170 users, shows up on this board to take completely out of context a comment that, some time ago, was directed at a certain group of sellers. That group of sellers did not want to believe that a local lab ( both capable and well regarded) was sufficiently able to verify the existence of 210 tons of stockpiled gold grading 0.32 ozs./ ton, and which has a gross value of $ 7 million.
The local lab was used for proximity and quick turn around results. The sellers, in their dismay, temporally drove the share price down to 0.96. And to repeat, it is just as well to be rid of them, especially with the share price now 12% higher than it was then. After all, this particular type of assaying is not rocket science, and if they can’t accept those results, then neither can they accept the taking of a risk that is normally associated with attaining superior returns. In their ignorance, they overlooked the fact that sinking the shaft more than paid for itself, because both the gold and copper zones that were encountered were new discoveries.
An ignoramus would also attach undue emphasis to the sale 40,000 shares by two of the company’s operating personnel, not realizing that these sales took place during a completely different time frame, represent only a tiny fraction of their overall holdings, and most probably occurred to accommodate the purchase of warrants at that time.