RE: the future share price
There is no question there is something really ugly with the way this company has conducted themselves.
I for one, cannot believe they are as stupid as they put themselves out to be. The way they have handled drilling results, news releases, shareholders rights plans ,.....blah blah blah ..... has been nothing short of unbelievable. The way they have selected drill targets is like putting a dart on the map ...after drilling really good numbers in the Montrose Zone to then select a wild a$$ group of drill targets in the Little Pat and Lydden Creek areas is bizarre to say the least. After the first good holes it was a no brainer to select the next regions for possible continuity ..... no they go way off track.
Again, they are not stupid; there is a reason why all this is happening but unfortunately there are many who have paid a heavy price along the way for the games being played by management.
It does not matter where the price of gold is going over the next month because there are so many people in the hole with this stock that they will take losses for tax purposes. Unless the last set of results (12 remaining holes, mostly the Lydden Creek area) can come back within the next couple of weeks with something encouraging I think this stock could head into the teens based on tax loss selling.
The big question is should one buy then to see better times in the new year!!!!!!!!!!!!!!!!
This is a trading stock and forget those that say otherwise. The question is can one get back losses by buying in again at the lows and hopefully selling it again at higher prices. Overall, this project will most likely go nowhere as time progresses and many will lose more money.
This management does not have the tools required to take it to a stage where a producer will take it over. There may be a slight possibility that the results going forward may prove out something in spite of Management but they have other agenda's and they contradict all that is necessary to make a junior work (junior mining plays are all about management capabilities). I think credible institutions would stay clear of these guys.
Conspiracy ...... maybe so, for the 20% extra from MTB, and a lot more we do not know about yet!.