RE: Well....I don't particularly see any mystery to Fridays fall. Taylor like the many geologists who head up exploration companies is a dreamer and remains pretty clueless about the workings of the market. I suspect, as I said when he announced the intention to raise monies, that the placement would be heavily discounted from what was intended. I also suspect that existing holders of Gold Summit paper have been approached and offered participation. Those who have not lost patience with the snails pace of this company would take a view that it is better to dump their existing holdings and re-enter through the placement, including warrants, at a far lower price - and who can blame them.
This is not about news leaking out of the company it's simply managements inept raising capabilities and general stock-price maintenance coming to the surface again. You have to admit it takes some going to get a stock-price to fall from 80c to 6c whilst gold itself has tripled in the same time frame.
As far as I see it we have one chance left for Taylor to prove that we actually have something of interest that can be exploited. Being such a dreamer as he is I do wonder as to whether he's gone deliberately slow as not to actually disprove his own theories about a Comstock type find being a reality. Obviously the latter is a possibility but I really do believe this is crunch time for the company with either Taylor being right all along in which case we could expect a return well into the thousands of percent or it's more dreams and promises and we lose 50%. At which point I think someone would step in and take the company over, I doubt there would be much resistance from existing stockholders.
If we do get the find Taylor is hoping for I would obviously hope he would hand over the management / raising reigns over someone leaving him to concentrate on 'just' the geology. I would say at this stage I believe Taylor to be just a dreamer as regards Comstock but at least he's started to farm the business out and as with any exploration company you never know he might be right - personally though I doubt it but will retain my existing holding at least up until the next batch of drill assays.