Charts15002, I thnk you had it right in your first couple of sentences on charting. It depends which time chart you look at. On the long term chart 16cts looks no different than 45cts. As far as I know share prices don't go into negative, SO THERE IS NO WAY FOR THIS STOCK TO GO LOWER ON A LONG TERM CHART BASIS - IT IS ON THE BOTTOM. IT CAN ONLY GO UP. Unless of course the patient is actually dead, in which case I think we have a Flat Line chart. I have had plenty of those.
I say we should have a Rocket Chart and on the other side a Swan Dive Chart. Why hasn't anyone been able to call the old Swan Dive. Gotta be the most common move with junior anything stocks. The worse part of charting is getting it right once, because after that you see that same pattern in every series of price movements.
BobzurUncle- you are right why would you stick anymore denaros into this one. Well, I can tell you one reason why. Because we are speculative stock crackheads (you can quote me on that term).
Lets face some reality. There is almost zero acquisition activity going on. Maybe the Leasks have it right for this reason: Stop spending valuable cash reserves, especially on Lonely Miner Club get togethers and when things get cooking we'll put out a few good stories to stoke the fire.
Gold above $1K might get it started, but until then we might as well settle in for a long winters nap.
Look at Hudbay Minerals. (or dozens of others). More cash per share than what they are trading at. We're not special in that regards and today the best feasibility study ever wouldn't move this stock. The whole sentiment is going to have to change for this group before MDR is a Heartbeat on any longer term chart.
Thats it. I going off to hear Paul Van Eeden tell us that now isn't the right time to buy gold but if it goes to some price it might be the time to buy it unless it goes to this price then it is definitely time to sell gold or better still just buy my newsletter.