RE: Tax Loss TimeMaurier,
I think what you say is well known to any experienced investor on this board, but that is not the issue.
The only thing that matters is what this company produces - nothing else. If they are drilling and not finding anything worthwhile, then the ONLY option is selling while you can!
The FACT of the matter is that this company is strangely silent. If their strategic thought is that they perceive they have an elephant and only want to take targeted bites out of it at a time, they could at least let shareholders know after they have taken a bite.
If they take a bite and don't let investors know, then the reasoning is obvious - the bite turned up nothing. To release that information would really send the stock plummeting.
That is not to say that the other sections of the elephant turn up better grades and/or tonnages. But my gut feeling is that they are not (at this point) finding what they had hoped to find.
If that is the case, this stock is dead until at least next May. If drilling in the summer does not produce the bonanza results Enerman and others expect, the stock will tank for good. It's that simple.
That is the dilemma I and everyone else must contemplate over in the next five weeks.