RE: Small trades - down goes priceMany trading companies hire a broker to clean up the small retail sales so that the price can stay stable. It appears that OYM has little intention of supporting the sp, or their broker is asleep. In most cases nothing really moves in junior stocks unless it is being promoted by a market maker, and only then to hype the stock so the insiders can sell.
I think management has done a credible job of getting the story out there but it takes a lot more than that if this stock is to ever get really moving.
At times, if the management knows there will be a big block of shares to be sold they may let the price sag and then step in and buy them up at a much lower price.
Production total sucks at near 1000 oz/mo. but it is better than nothing. I can't see any chance of 14,000 per mo with the current set up, even with modifications.
I am truly disappointed in OYM. Conditions couldn't be better a substantial rise in sp but instead it goes down. Fortunately I did sell some in the mid .60 cent range, but will not be buying any more. There are many more plays out there that much more appealing.
Having said that, I know there is no "sure thing" and although OYM is a big disappointment, I think that over the long haul it will develop
some good value, I just might not be able to live long enough.