RE: yoyo: "three foreign companies"In the big picture, of course the stock price is all that matters. When it goes up, management are heroes, but when it goes down they are monsters.
I'm not sure why I post anymore, because no matter how rational, truthful, and objective my comments are, no one listens. People say intelligent things and are ignored, but when they say inane, slanderous, or detached comments people follow them.
To say the TSX listing is a factor explaining the poor performance is a good one. Exactly what have they screwed up? When the E came out, it obviously delayed the TSX plans, but once it was resolved this summer, they deliberately moved in that direction. It's not like you can just get a TSX listing overnight. You need a CFO, five-person BOD, "properties of merit" approval, and 18 months of financing. The first three have been received, and hte latter is just a few weeks away.
In case you'all haven't noticed, the capital markets for the junior sector have been close to closed for several months now, which is why financings that used to take weeks or even days to close now take months. The sector has continue to languish despite soaring gold and silver prices, to the point that the stocks are trading at their cheapest valuations since the PM bull started eight years ago. Take a look at the chart of the TSX-V/Gold if you want to see what the companies are dealing with.
As for asking why MAJOR discoveries don't translate into stock price gains, for one take a look at nearly ANY company that has put out positive drilling results in recent months. ECU Silver is a great case, on January 24th putting out a 43-101 showing a 117% increase in resources to 217 million ounces and a 1300% increase in potential resources to 807 million ounces. Plus a week later their San Diego JV put out a 43-101 with 42 million ounces. Yet the stock hasn't budged since.
And as for the presentation, it is changing because they made those discoveries, per the press releases which obviously no one reads. Hey, I'm as cognizant of the stock price as anyone, but I know when a company is doing well operationally, which SDRG certainly is.
And, by the way, the reason the stock has fallen in the past two weeks is clearly b/c of the 144a filing of 653,000 shares around 1/20 by someone with $0.10 stock. He has clearly been selling through NITE, and based on trade volumes is likely done or almost done by now.
yoyo