Why the selling?Let me count the reasons. This is dead money and has been for a long time. I hold 400,000 shares and am growing increasingly impatient. Perhaps eventually the gold deposits will be reflected in the share price; however, with the current 5,000,000 float, it's difficult to envision how this can happen any time soon, and, if and when it does happen, how the share price can appreciate significantly.
The company needs to stop dithering and become more focused. To begin, dump the entire Royal Roads arrangement (as relatively insignificant as it is). Why are we dabbling in another base metals deposit in Newfoundland when we can't even access the base-metal holdings in our own back yard? Further, dump the barite deposits. Because of serious cost constraints, the company simply cannot afford to develop them, period. Further, to my knowledge, the company doesn't even have a plan to develop them. They are a dead asset. They need to direct whatever funds can be realized from a sale of the barite holdings either toward the development of Beaver Lake OR toward a share buyback, an effort to reduce the obscenely large amount of paper that is overhanging and sinking this stock.
Let's get focused. Let's shake things up. Get on with the GOLD! Clip the periphery.